SECURITIES & EXCHANGE COMMISSION
                             Washington, D.C. 20549
                             ----------------------

                                 SCHEDULE 13G/A

                    Under the Securities Exchange Act of 1934
                                (Amendment No. 1)

                             Avis Budget Group, Inc.
                                (Name of Issuer)

                                  Common Stock
                         (Title of Class of Securities)

                                    053774105
                                 (CUSIP Number)

                                December 31, 2007
             (Date of event which requires filing of this statement)


     Check the appropriate box to designate the rule pursuant to which this
Schedule 13G/A is filed:


     [ ]  Rule 13d-1(b)
     [X]  Rule 13d-1(c)
     [ ]  Rule 13d-1(d)


     *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 purposes 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).


                              (Page 1 of 16 Pages)





CUSIP No. 053774105                 13G/A                  Page 2 of 16 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO.
            OF ABOVE PERSONS (ENTITIES ONLY)
                                                 O.S.S. Capital Management LP
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                            Delaware, USA
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                                 -0-
SHARES         --------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                                                 7,375,488
OWNED BY       --------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                                                 -0-
REPORTING      --------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                                 7,375,488
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                                 7,375,488
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                                 7.1%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                                                  PN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!





CUSIP No. 053774105                 13G/A                  Page 3 of 16 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO.
            OF ABOVE PERSONS (ENTITIES ONLY)
                                             Oscar S. Schafer & Partners I LP
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                            Delaware, USA
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                                 -0-
SHARES         --------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                                                 283,183
OWNED BY       --------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                                                 -0-
REPORTING      --------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                                 283,183
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                                 283,183
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                                 0.3%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                                                  PN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!





CUSIP No. 053774105                 13G/A                  Page 4 of 16 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO.
            OF ABOVE PERSONS (ENTITIES ONLY)
                                            Oscar S. Schafer & Partners II LP
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                            Delaware, USA
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                                 -0-
SHARES         --------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                                                 3,263,608
OWNED BY       --------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                                                 -0-
REPORTING      --------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                                 3,263,608
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                                 3,263,608
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED BY
            AMOUNT IN ROW (9)
                                                 3.1%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                                                  PN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!





CUSIP No. 053774105                 13G/A                  Page 5 of 16 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO.
            OF ABOVE PERSONS (ENTITIES ONLY)
                                                    O.S.S. Overseas Fund Ltd.
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                            Cayman Islands
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                                 -0-
SHARES         --------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                                                 3,782,236
OWNED BY       --------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                                                 -0-
REPORTING      --------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                                 3,782,236
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                                 3,782,236
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                                 3.6%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                                                  CO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!





CUSIP No. 053774105                 13G/A                  Page 6 of 16 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO.
            OF ABOVE PERSONS (ENTITIES ONLY)
                                                          O.S.S. Advisors LLC
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                            Delaware, USA
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                                 -0-
SHARES         --------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                                                 3,546,791
OWNED BY       --------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                                                 -0-
REPORTING      --------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                                 3,546,791
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                                 3,546,791
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                                 3.4%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                                                  OO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!





CUSIP No. 053774105                 13G/A                  Page 7 of 16 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO.
            OF ABOVE PERSONS (ENTITIES ONLY)
                                                        Schafer Brothers LLC
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                            Delaware, USA
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                                 -0-
SHARES         --------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                                                 7,375,488
OWNED BY       --------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                                                 -0-
REPORTING      --------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                                 7,375,488
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                                 7,375,488
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                                 7.1%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                                                  OO
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!





CUSIP No. 053774105                 13G/A                  Page 8 of 16 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO.
            OF ABOVE PERSONS (ENTITIES ONLY)
                                                             Oscar S. Schafer
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                            United States
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                                 -0-
SHARES         --------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                                                 7,375,488
OWNED BY       --------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                                                 -0-
REPORTING      --------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                                 7,375,488
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                                 7,375,488
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                                 7.1%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                                                 IN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!





CUSIP No. 053774105                 13G/A                  Page 9 of 16 Pages

----------------------------------------------------------------------------
     (1)    NAMES OF REPORTING PERSONS
            I.R.S. IDENTIFICATION NO.
            OF ABOVE PERSONS (ENTITIES ONLY)
                                                                 Andrew Goffe
-----------------------------------------------------------------------------
     (2)    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
                                                                  (a)  [X]
                                                                  (b)  [ ]
-----------------------------------------------------------------------------
     (3)    SEC USE ONLY
-----------------------------------------------------------------------------
     (4)    CITIZENSHIP OR PLACE OF ORGANIZATION
                            United States
-----------------------------------------------------------------------------
NUMBER OF      (5)  SOLE VOTING POWER
                                                 90,000
SHARES         --------------------------------------------------------------

BENEFICIALLY   (6)  SHARED VOTING POWER
                                                 7,375,488
OWNED BY       --------------------------------------------------------------

EACH           (7)  SOLE DISPOSITIVE POWER
                                                 90,000
REPORTING      --------------------------------------------------------------

PERSON WITH    (8)  SHARED DISPOSITIVE POWER
                                                 7,375,488
-----------------------------------------------------------------------------
     (9)    AGGREGATE AMOUNT BENEFICIALLY OWNED
            BY EACH REPORTING PERSON
                                                 7,465,488
-----------------------------------------------------------------------------
     (10)   CHECK BOX IF THE AGGREGATE AMOUNT
            IN ROW (9) EXCLUDES CERTAIN SHARES **                       [ ]
-----------------------------------------------------------------------------
     (11)   PERCENT OF CLASS REPRESENTED
            BY AMOUNT IN ROW (9)
                                                 7.2%
-----------------------------------------------------------------------------
     (12)   TYPE OF REPORTING PERSON **
                                                  IN
-----------------------------------------------------------------------------
                     ** SEE INSTRUCTIONS BEFORE FILLING OUT!





CUSIP No. 053774105                 13G/A                 Page 10 of 16 Pages

ITEM 1.

         (a)   NAME OF ISSUER:
                  Avis Budget Group, Inc.

         (b)   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                  6 Sylvan Way
                  Parsippany, NJ 07054

Item 2(a).     NAME OF PERSON FILING:

               (i)   Oscar S. Schafer & Partners I LP, a Delaware limited
                     partnership ("OSS I"), with respect to shares of Common
                     Stock (as defined in Item 2(d) below) directly owned by it;

               (ii)  Oscar S. Schafer & Partners II LP, a Delaware limited
                     partnership ("OSS II", and together with OSS I, the
                     "Partnerships"), with respect to shares of Common Stock as
                     defined in Item 2(d) below) directly owned by it;

               (iii) O.S.S. Advisors LLC, a Delaware limited liability company
                     (the "General Partner"), which serves as the general
                     partner of each of the Partnerships, with respect to shares
                     of Common Stock (as defined in Item 2(d) below) directly
                     owned by each of the Partnerships;

               (iv)  O.S.S. Overseas Fund Ltd., a Cayman Islands exempted
                     company ("OSS Overseas"), with respect to shares of Common
                     Stock directly owned by it;

               (v)   O.S.S. Capital Management LP, a Delaware limited
                     partnership (the "Investment Manager"), which serves as
                     investment manager, and management company, to OSS Overseas
                     and the Partnerships, and to certain managed accounts
                     respectively, and has investment discretion with respect to
                     shares of Common Stock directly owned by the Partnerships,
                     OSS Overseas and shares of Common Stock which are held for
                     the benefit of a third party in a separately managed
                     account;

               (vi)  Schafer Brothers LLC, a Delaware limited liability company
                     (the "SB LLC"), which serves as the general partner to the
                     Investment Manager, with respect to shares of Common Stock
                     directly owned by the Partnerships, OSS Overseas and shares
                     of Common Stock which are held for the benefit of a third
                     party in a separately managed account;

               (vii) Mr. Oscar S. Schafer ("Mr. Schafer"), who serves as the
                     senior managing member of the General Partner and of SB
                     LLC, with respect to shares of Common Stock directly owned
                     by the Partnerships, OSS Overseas and shares of Common
                     Stock which are held for the benefit of a third party in a
                     separately managed account; and



CUSIP No. 053774105                 13G/A                 Page 11 of 16 Pages

               (viii)Mr. Andrew Goffe ("Mr. Goffe"), who serves as a managing
                     member of the General Partner and of SB LLC, with respect
                     to shares of Common Stock directly owned by the
                     Partnerships, OSS Overseas and shares of Common Stock which
                     are held for the benefit of a third party in a separately
                     managed account.

     The Partnerships, OSS Overseas, the General Partner, the Investment
Manager, SB LLC, Mr. Schafer and Mr. Goffe are hereinafter sometimes
collectively referred to as the "Reporting Persons." Any disclosures herein with
respect to persons other than the Reporting Persons are made on information and
belief after making inquiry to the appropriate party.

ITEM 2.

         (a)    NAME OF PERSON FILING
                (i)    O.S.S. Capital Management LP
                (ii)   Oscar S. Schafer & Partners I LP
                (iii)  Oscar S. Schafer & Partners II LP
                (iv)   O.S.S. Overseas Fund Ltd.
                (v)    O.S.S. Advisors LLC
                (vi)   Schafer Brothers LLC
                (vii)  Oscar S. Schafer
                (viii) Andrew Goffe

         (b)    ADDRESS OF PRINCIPAL OFFICE, OR, IF NONE, RESIDENCE

                The address of the principal business offices of each of:
                (i)    Investment Manager
                              598 Madison Avenue
                              New York, NY 10022
                (ii)   OSS I
                              598 Madison Avenue
                              New York, NY 10022
                (iii)  OSS II
                              598 Madison Avenue
                              New York, NY 10022
                (iv)   OSS Overseas
                              Walkers SPV Limited
                              Mary Street
                              George Town
                              Grand Cayman KY1-9002
                              Cayman Islands, British West Indies
                (v)    General Partner
                              598 Madison Avenue
                              New York, NY 10022
                (vi)   SB LLC
                              598 Madison Avenue
                              New York, NY 10022
                (vii)  Mr. Schafer
                              598 Madison Avenue
                              New York, NY 10022
                (viii) Mr. Goffe
                              598 Madison Avenue
                              New York, NY 10022





CUSIP No. 053774105                 13G/A                 Page 12 of 16 Pages

         (c)    CITIZENSHIP
                (i)    Investment Manager - Delaware, USA
                (ii)   OSS I - Delaware, USA
                (iii)  OSS II - Delaware, USA
                (iv)   OSS Overseas - Cayman Islands
                (v)    General Partner - Delaware, USA
                (vi)   SB LLC - Delaware, USA
                (vii)  Mr. Schafer - USA
                (viii) Mr. Goffe - USA

         (d)    TITLE OF CLASS OF SECURITIES
                Common Stock

         (e)    CUSIP NUMBER
                053774105

Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:

               (a) [ ]   Broker or dealer registered under Section 15 of the
                         Act,

               (b) [ ]   Bank as defined in Section 3(a)(6) of the Act,

               (c) [ ]   Insurance Company as defined in Section 3(a)(19) of the
                         Act,

               (d) [ ]   Investment Company registered under Section 8 of the
                         Investment Company Act of 1940,

               (e) [ ]   Investment Adviser in accordance with Rule
                         13d-1(b)(1)(ii)(E),

               (f) [ ]   Employee Benefit Plan or Endowment Fund in accordance
                         with 13d-1 (b)(1)(ii)(F),

               (g) [ ]   Parent Holding Company or control person in accordance
                         with Rule 13d-1 (b)(1)(ii)(G),

               (h) [ ]   Savings Association as defined in Section 3(b) of the
                         Federal Deposit Insurance Act,

               (i) [ ]   Church Plan that is excluded from the definition of an
                         investment company under Section 3(c)(14) of the
                         Investment Company Act of 1940,

               (j) [ ]   Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

         Not applicable.





CUSIP No. 053774105                 13G/A                 Page 13 of 16 Pages

ITEM 4.   OWNERSHIP.

         Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

         (a)   Amount beneficially owned:

               The Investment Manager may be deemed to beneficially own
               7,375,488 Shares. OSS I may be deemed to beneficially own 283,183
               Shares. OSS II may be deemed to beneficially own 3,263,608
               Shares. OSS Overseas may be deemed to beneficially own 3,782,236
               Shares. The General Partner may be deemed to beneficially own
               3,546,791 Shares as a result of its voting and dispositive power
               over 3,546,791 Shares owned by the Partnerships. SB LLC may be
               deemed to beneficially own 7,375,488 as a result of its voting
               and dispositive power over 7,375,488 Shares owned by the
               Partnerships, OSS Overseas and a separately managed account. Mr.
               Schafer may be deemed to beneficially own 7,375,488 by virtue of
               his voting and dispositive power over 7,375,488 Shares owned by
               the Partnerships, OSS Overseas and a separately managed account.
               Mr. Goffe may be deemed to beneficially own 7,465,488 by virtue
               of his voting and dispositive power over 7,465,488 Shares owned
               by the Partnerships, OSS Overseas and a separately managed
               account.

         (b)   PERCENTAGE BENEFICIALLY OWNED

               Based on calculations made in accordance with Rule 13d-3(d), and
         there being 103,829,000 Shares outstanding:
                   (i)    Investment Manager may be deemed to beneficially
                          own approximately 7.1% of the outstanding Shares;
                   (ii)   OSS I may be deemed to beneficially own approximately
                          0.3% of the outstanding Shares;
                   (iii)  OSS II may be deemed to beneficially own approximately
                          3.1% of the outstanding Shares;
                   (iv)   OSS Overseas may be deemed to beneficially own
                          approximately 3.6% of the outstanding Shares;
                   (v)    General Partner may be deemed to beneficially own
                          approximately 3.4% of the outstanding Shares;
                   (vi)   SB LLC may be deemed to beneficially own approximately
                          7.1% of the outstanding Shares;
                   (vii)  Mr. Schafer may be deemed to beneficially own
                          approximately 7.1% of the outstanding Shares;
                   (viii) Mr. Goffe may be deemed to beneficially own
                          approximately 7.2% of the outstanding Shares.

         (c)   NUMBER OF SHARES AS TO WHICH THE PERSON HAS:
                   (i)   Sole power to vote or to direct the vote NA.
                   (ii)  Shared power to vote or to direct the vote 7,375,488.
                   (iii) Sole power to dispose or to direct the disposition of
                         NA.
                   (iv)  Shared power to dispose or to direct the disposition of
                         7,375,488.
                   (v)   Mr. Goffe has the sole power to vote or to direct the
                         vote 90,000.
                   (vi)  Mr. Goffe has the sole power to dispose or to direct
                         the disposition of 90,000.






CUSIP No. 053774105                 13G/A                 Page 14 of 16 Pages

ITEM 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
            If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following [ ].

ITEM 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
            The (i) limited partners and the general partner of the Partnerships
and (ii) the shareholders and advisor of OSS Overseas have the right to
participate in the receipt of dividends from, or proceeds from the sale of, the
securities held for the Partnerships and OSS Overseas, respectively.

Item 7.   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
          ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
          COMPANY
            Not applicable.

ITEM 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
            See Item 2.

ITEM 9.   NOTICE OF DISSOLUTION OF GROUP
            Not applicable.





CUSIP No. 053774105                 13G/A                 Page 15 of 16 Pages

ITEM 10.   CERTIFICATION

            By signing below I certify that, to the best of my knowledge and
            belief, the securities referred to above 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.

                                    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.
                                                 February 14, 2008
                                          ------------------------------
                                                     Date

                                          /s/ Oscar S. Schafer
                                          ------------------------------
                                                   Signature

                                          Oscar S. Schafer, Managing Partner
                                          ------------------------------
                                                    Name/Title

                                                February 14, 2008
                                          ------------------------------
                                                     Date

                                          /s/ Andrew Goffe
                                          ------------------------------
                                                   Signature

                                          Andrew Goffe, Managing Member
                                          ------------------------------
                                                     Name/Title

The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties for whom copies are to be sent.

ATTENTION:  INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)





CUSIP No. 053774105                  13G/A                Page 16 of 16 Pages

                                    EXHIBIT 1

                           JOINT ACQUISITION STATEMENT
                            PURSUANT TO RULE 13d-1(k)


              The undersigned acknowledge and agree that the foregoing statement
on Schedule 13G/A, is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G/A, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.


DATED:  February 14, 2008


                                  Oscar S. Schafer

                                  /s/ Oscar S. Schafer
                                  -------------------------------------
                                  individually and as senior managing member
                                  of (a) O.S.S. Advisors LLC,
                                  for itself and as the general partner of
                                  (i) Oscar S. Schafer & Partners I LP;
                                      and
                                  (ii)Oscar S. Schafer & Partners II LP;
                                      and (b)  Schafer Brothers LLC,
                                      for itself and as the general
                                      partner of O.S.S. Capital
                                      Management LP and investment manager
                                      of O.S.S. Overseas Fund Ltd.


                                  Andrew Goffe

                                  /s/ Andrew Goffe
                                  -------------------------------------
                                  individually