Change in Holdings of Paulson and Co.

http://www.sec.gov/Archives/edgar/data/1035674/000103567409000003/pco033109.txt

Paulson and Co.		Shares Owned	Shares Owned
Position	Ticker	12/31/2008	3/31/2009	Bought(Sold)
AT&T	ATT	3,000,000	3,000,000	0
BCE Inc	BCE	22,597,600	0	(22,597,600)
Affiliated Computer Services	ACS	348,500	348,500	0
Boston Scientific	BSX	99,135,000	99,135,000	0
Brocade Communications	BRCD	5,000,000	5,000,000	0
Centennial Communication	CYCL	5,000,000	5,000,000	0
Cheniere Energy	CQP	7,524,085	7,461,191	(62,894)
Dr Pepper Snapple	DPS	1,521,824	1,521,824	0
Embarq Corp	EQ	2,000,000	2,000,000	0
Equity Media Holdings	EMDUQ	5,352,382	5,352,382	0
Genentech	DNA	3,424,400	0	(3,424,400)
Istar Financial	SFI	1,473,500	0	(1,473,500)
Kinross Gold	K	28,380,800	30,780,800	2,400,000
Liberty Media Corp	LMDIA	2,365,000	2,365,000	0
Merrill Lynch	MER	14,926,700	0	(14,926,700)
Mirant Corp	MIR	18,394,000	18,203,321	(190,679)
NRG Energy	NRG	5,259,700	0	(5,259,700)
National City Corp	NCC	85,220,000	0	(85,220,000)
Northern Trust	NTRS	925,000	0	(925,000)
Peoples United Financial	PBCT	2,450,000	2,750,000	300,000
Philip Morris Int'l	PM	9,000,200	9,000,200	0
Rohm and Haas	ROH	18,041,111	15,966,114	(2,074,997)
St Jude Medical	STJ	1,000,000	2,341,400	1,341,400
Teva Pharmaceutical	TEVA	198,730	0	(198,730)
Time Warner	TWC	1,450,000	0	(1,450,000)
Tronox Inc	TRXAQ	2,021,700	0	(2,021,700)
UST	UST	9,895,700	0	(9,895,700)
Proshares Ultra Short Financials	SKF	800,000	0	(800,000)
Wachovia	WB	83,500,000	0	(83,500,000)
Wells Fargo	WFC	237,400	0	(237,400)
Anglogold Ashanti	AU	0	2,938,582	2,938,582
Capital One Financial	COF	0	2,100,000	2,100,000
Gold Fields Ltd	GFI	0	18,268,589	18,268,589
JP Morgan Chase	JPM	0	5,800,000	5,800,000
Market Vectors Gold ETF	GDX	0	17,300,000	17,300,000
Petro Canada	PCZ	0	10,311,300	10,311,300
SPDR Gold Trust	GLD	0	31,500,000	31,500,000
Schering Plough	SGP	0	9,000,000	9,000,000
Wyeth	WYE	0	30,381,000	30,381,000