--------------------------
                                                             OMB APPROVAL
                                                      --------------------------
                                                      OMB Number:      3235-0145
                                                      Expires: December 31, 2005
                                                      Estimated  average  burden
                                                      hours per response......11
                                                      --------------------------

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  SCHEDULE 13G

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


                                   Libbey Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)


                     Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    529898108
--------------------------------------------------------------------------------
                                 (CUSIP Number)


                                December 31, 2004
--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
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 the purpose 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).

                         (Continued on following pages)
                               Page 1 of 34 Pages
                         Exhibit Index Found on Page 32



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            California
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  174,700
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                174,700
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            174,700
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            1.3%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================

                               Page 2 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            California
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  153,900
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                153,900
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            153,900
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            1.1%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================

                               Page 3 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners II, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            California
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  20,800
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                20,800
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            20,800
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            0.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================

                               Page 4 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners III, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  22,500
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                22,500
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            22,500
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            0.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================

                               Page 5 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Tinicum Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            New York
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  8,700
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                8,700
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            8,700
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            0.1%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================

                               Page 6 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Management, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  416,400
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                416,400
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            416,400
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            3.0%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IA, OO
------------====================================================================

                               Page 7 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Partners, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  380,600
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                380,600
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            380,600
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            2.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            OO
------------====================================================================

                               Page 8 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday G.P. (U.S.), L.L.C. [See Preliminary Note]
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            OO
------------====================================================================

                               Page 9 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Asset Management, L.P. [See Preliminary Note]
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            PN
------------====================================================================

                               Page 10 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Noonday Capital, L.L.C. [See Preliminary Note]
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            Delaware
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
             OO
------------====================================================================

                               Page 11 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            David I. Cohen [See Preliminary Note]
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 12 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Chun R. Ding
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 13 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Joseph R. Downes
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 14 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            William F. Duhamel
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 15 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Charles E. Ellwein
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 16 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Richard B. Fried
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 17 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Monica R. Landry
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 18 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            William F. Mellin
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 19 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Stephen L. Millham
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 20 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Rajiv A. Patel
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 21 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Derek C. Schrier
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 22 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Thomas F. Steyer
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 23 of 34 Pages



                                       13G
===================
CUSIP No. 529898108
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Mark C. Wehrly
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  797,000  Shares,  which is 5.8% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    4
            United States
------------====================================================================
                                SOLE VOTING POWER
      NUMBER OF         5
                                -0-
                    ------------================================================
       SHARES                   SHARED VOTING POWER
    BENEFICIALLY        6
      OWNED BY                  797,000
                    ------------================================================
                                SOLE DISPOSITIVE POWER
        EACH            7
                                -0-
                    ------------================================================
      REPORTING                 SHARED DISPOSITIVE POWER
     PERSON WITH        8
                                797,000
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    9
            797,000
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
    10      CERTAIN SHARES (See Instructions)                     [   ]

------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    11
            5.8%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    12
            IN
------------====================================================================

                               Page 24 of 34 Pages





         This  Amendment No. 1 to Schedule 13G amends the Schedule 13G initially
filed  on  March  26,  2004  (collectively,  with all  amendments  thereto,  the
"Schedule 13G").

         Preliminary Note: Effective as of January 1, 2005, each of Noonday G.P.
(U.S.),  L.L.C. (the "First Noonday  Sub-adviser") and Noonday Asset Management,
L.P.  (the  "Second  Noonday   Sub-adviser")  has  entered  into  an  investment
subadvisory  agreement with the General Partner and the Management Company. Each
of the First  Noonday  Sub-adviser  and the  Second  Noonday  Sub-adviser,  as a
sub-investment  adviser to the  Partnerships  and the Managed  Accounts,  may be
deemed to be the beneficial owner of the Shares held by the Partnerships and the
Managed  Accounts.  As the general  partner of the Second  Noonday  Sub-adviser,
Noonday Capital,  L.L.C. (the "Noonday General Partner") may be deemed to be the
beneficial  owner  of the  Shares  held  by the  Partnerships  and  the  Managed
Accounts.  David I. Cohen ("Cohen"), as the managing member of the First Noonday
Sub-adviser and the Noonday General Partner,  may be deemed to be the beneficial
owner of the Shares held by the  Partnerships  and the Managed  Accounts.  Cohen
resigned as a managing member of the Management  Company and the General Partner
effective December 31, 2004. This amendment to the Schedule 13G reports (i) that
the First Noonday  Sub-adviser,  the Second Noonday  Sub-adviser and the Noonday
General  Partner  may be deemed to have  acquired  beneficial  ownership  of the
Shares reported herein and (ii) that Cohen's deemed beneficial ownership of such
Shares is now  attributable  to his  position as a managing  member of the First
Noonday  Sub-adviser  and the  Noonday  General  Partner,  and not as a managing
member of the Management Company and the General Partner.

                              Page 25 of 34 Pages



Item 1.  Issuer
         ------

         (a) Name of Issuer:
             --------------

                  Libbey Inc. (the "Company")

         (b) Address of Issuer's Principal Executive Offices:
             -----------------------------------------------

                  300 Madison Avenue, Toledo, Ohio 43604

Item 2.  Identity And Background
         -----------------------

         Title Of Class Of Securities And CUSIP Number (Item 2(d) and (e))
         ----------------------------------------------------------------

         This statement  relates to Shares of Common Stock,  par value $0.01 per
share  (the  "Shares"),  of the  Company.  The  CUSIP  number  of the  Shares is
529898108.

         Name Of  Persons  Filing,  Address  Of  Principal  Business  Office And
         -----------------------------------------------------------------------
         Citizenship (Item 2(a), (b) and (c))
         ------------------------------------

         This statement is filed by the entities and persons  listed below,  all
of whom together are referred to herein as the "Reporting Persons."

         The Partnerships
         ----------------

                  (i)    Farallon Capital Partners, L.P., a California limited
                         partnership ("FCP"), with respect to the Shares held by
                         it;

                  (ii)   Farallon Capital Institutional Partners, L.P., a
                         California limited partnership ("FCIP"), with respect
                         to the Shares held by it;

                  (iii)  Farallon Capital Institutional Partners II, L.P., a
                         California limited partnership ("FCIP II"), with
                         respect to the Shares held by it;

                  (iv)   Farallon Capital Institutional Partners III, L.P., a
                         Delaware limited partnership ("FCIP III"), with respect
                         to the Shares held by it; and

                  (v)    Tinicum   Partners,   L.P.,   a  New   York   limited
                         partnership  ("Tinicum"),  with respect to the Shares
                         held by it.

         FCP,  FCIP,  FCIP II,  FCIP III and Tinicum  are  together  referred to
herein as the "Partnerships."

                              Page 26 of 34 Pages



         The Management Company
         ----------------------

                  (vi)   Farallon Capital Management, L.L.C., a Delaware limited
                         liability company (the "Management Company"), with
                         respect to the Shares held by certain accounts managed
                         by the Management Company (the "Managed Accounts").

         The General Partner Of The Partnerships
         ---------------------------------------

                  (vii)  Farallon Partners, L.L.C., a Delaware limited liability
                         company which is the general partner of each of the
                         Partnerships (the "General Partner"), with respect to
                         the Shares held by each of the Partnerships.

         The Noonday Entities
         --------------------

                  (viii)   Noonday G.P. (U.S.), L.L.C., a Delaware limited
                           liability company which is the sub-adviser to the
                           Partnerships and the Managed Accounts, with respect
                           to the Shares held by the Partnerships and the
                           Managed Accounts;

                  (ix)     Noonday Asset Management, L.P., a Delaware limited
                           partnership which is the sub-adviser to the
                           Partnerships and the Managed Accounts, with respect
                           to the Shares held by the Partnerships and the
                           Managed Accounts; and

                  (x)      Noonday Capital, L.L.C., a Delaware limited liability
                           company which is the general partner of the Second
                           Noonday Sub-adviser, with respect to the Shares held
                           by the Partnerships and the Managed Accounts.

         The First Noonday  Sub-adviser,  the Second Noonday Sub-adviser and the
Noonday  General  Partner  are  together  referred  to  herein  as the  "Noonday
Entities."

         The Noonday Managing Member
         ---------------------------

                  (xi)     David I.  Cohen,  the  managing  member  of the First
                           Noonday  Sub-adviser and the Noonday General Partner,
                           with  respect  to the  Shares  held  by  each  of the
                           Partnerships and the Managed Accounts.

                              Page 27 of 34 Pages



         The Managing Members Of The General Partner And The Management Company
         ----------------------------------------------------------------------

                  (xii)  The following persons who are managing members of both
                         the General Partner and the Management Company, with
                         respect to the Shares held by the Partnerships and the
                         Managed Accounts: Chun R. Ding ("Ding"), Joseph F.
                         Downes ("Downes"), William F. Duhamel ("Duhamel"),
                         Charles E. Ellwein, ("Ellwein"), Richard B. Fried
                         ("Fried"), Monica R. Landry ("Landry"), William F.
                         Mellin ("Mellin"), Rajiv A. Patel ("Patel"), Stephen L.
                         Millham ("Millham"), Derek C. Schrier ("Schrier"),
                         Thomas F. Steyer ("Steyer") and Mark C. Wehrly
                         ("Wehrly").

         Cohen, Ding, Downes, Duhamel,  Ellwein, Fried, Landry, Mellin, Millham,
Patel,  Schrier,  Steyer  and  Wehrly  are  together  referred  to herein as the
"Individual Reporting Persons."

         The citizenship of each of the Partnerships,  the General Partner,  the
Management  Company and the Noonday  Entities  is set forth  above.  Each of the
Individual  Reporting  Persons is a United  States  citizen.  The address of the
principal  business  office  of each of the  Reporting  Persons  other  than the
Noonday  Entities  and Cohen is c/o Farallon  Capital  Management,  L.L.C.,  One
Maritime Plaza, Suite 1325, San Francisco,  California 94111. The address of the
principal business office of the Noonday Entities and Cohen is c/o Noonday Asset
Management,  L.P., 227 West Trade Street, Suite 2140, Charlotte,  North Carolina
28202.

Item 3.  If This  Statement Is Filed  Pursuant To Sections  240.13d-1(b),  Or
         --------------------------------------------------------------------
         13d-2(b) Or (c), Check Whether The Person Filing Is An Entity Specified
         -----------------------------------------------------------------------
         In (a) - (j):
         -------------

                  Not Applicable.

         If This Statement Is Filed Pursuant To Section 240.13d-1(c), Check This
         -----------------------------------------------------------------------
         Box. [X]
         ----

Item 4.  Ownership
         ---------

         The  information  required  by Items 4(a) - (c) and set forth in Rows 5
through 11 of the cover page for each  Reporting  Person hereto is  incorporated
herein by reference for each such Reporting Person.

         The Shares reported hereby for the  Partnerships  are owned directly by
the Partnerships  and those reported by the Management  Company on behalf of the
Managed  Accounts  are owned  directly  by the  Managed  Accounts.  The  General
Partner,  as  general  partner  to the  Partnerships,  may be  deemed  to be the
beneficial  owner of all such Shares owned by the  Partnerships.  The Management
Company, as investment adviser to the Managed Accounts,  may be deemed to be the
beneficial  owner of all such Shares  owned by the Managed  Accounts.  The First
Noonday  Sub-adviser,  as  sub-investment  adviser to the  Partnerships  and the
Managed  Accounts,  may be deemed to be the beneficial  owner of all such Shares
owned  by  the  Partnerships  and  the  Managed  Accounts.  The  Second  Noonday
Sub-adviser,  as  sub-investment  adviser to the  Partnerships  and the  Managed
Accounts,  may be deemed to be the beneficial  owner of all such Shares owned by
the Partnerships and the Managed Accounts.  The Noonday General Partner,  as

                              Page 28 of 34 Pages



the general partner to the Second Noonday  Sub-adviser,  may be deemed to be the
beneficial  owner of all such Shares owned by the  Partnerships  and the Managed
Accounts. The Individual Reporting Persons other than Cohen, as managing members
of both the General Partner and the Management Company, may each be deemed to be
the beneficial owner of all such Shares held by the Partnerships and the Managed
Accounts. Cohen, as the managing member of the First Noonday Sub-adviser and the
Noonday General  Partner,  may be deemed to be the beneficial  owner of all such
Shares held by the Partnerships and the Managed Accounts. Each of the Management
Company,  the General Partner, the Noonday Entities and the Individual Reporting
Persons hereby disclaims any beneficial ownership of any such Shares.

Item 5.  Ownership Of Five Percent Or Less Of A Class
         --------------------------------------------

                  Not Applicable.

Item 6.  Ownership Of More Than Five Percent On Behalf Of Another Person
         ---------------------------------------------------------------

                  Not Applicable.

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
         ---------------------------------------------------------

                  The Reporting Persons are filing this Schedule 13G pursuant to
         Rule  13d-1(c).  Consistent  with  Item 2 of the  cover  page  for each
         Reporting  Person above,  the Reporting  Persons  neither  disclaim nor
         affirm the existence of a group among them.

Item 9.  Notice Of Dissolution Of Group
         ------------------------------

                  Not Applicable.

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.


                              Page 29 of 34 Pages




                                   SIGNATURES
                                   ----------


         After  reasonable  inquiry and to the best of our knowledge and belief,
the  undersigned  certify that the  information  set forth in this  statement is
true, complete and correct.

Dated:  January 10, 2005


                 /s/ Monica R. Landry
                 ----------------------------------------------------------
                 FARALLON PARTNERS, L.L.C.,
                 on its own behalf and as General Partner of
                 FARALLON CAPITAL PARTNERS, L.P.,
                 FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
                 FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
                 FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
                 And TINICUM PARTNERS, L.P.
                 By Monica R. Landry,
                 Managing Member

                 /s/ Monica R. Landry
                 ----------------------------------------------------------
                 FARALLON CAPITAL MANAGEMENT, L.L.C.,
                 By Monica R. Landry,
                 Managing Member

                 /s/ Monica R. Landry
                 ----------------------------------------------------------
                 NOONDAY G.P. (U.S.), L.L.C.
                 By Monica R. Landry,
                 Attorney-in-fact

                 /s/ Monica R. Landry
                 ----------------------------------------------------------
                 NOONDAY CAPITAL, L.L.C.
                 On its own behalf and as the General Partner of
                 NOONDAY ASSET MANAGEMENT, L.P.
                 By Monica R. Landry,
                 Attorney-in-fact


                 /s/ Monica R. Landry
                 ----------------------------------------------------------
                 Monica R. Landry, individually and as attorney-in-fact for
                 each of David I. Cohen, Chun R. Ding, Joseph F. Downes,
                 William F. Duhamel, Charles E. Ellwein, Richard B. Fried,
                 William F. Mellin, Stephen L. Millham, Rajiv A. Patel,
                 Derek C. Schrier, Thomas F. Steyer and Mark C. Wehrly.


                              Page 30 of 34 Pages




         The Powers of Attorney,  each executed by Joseph F. Downes,  William F.
Duhamel,  Richard B. Fried,  William F. Mellin,  Stephen L.  Millham,  Thomas F.
Steyer and Mark C.  Wehrly  authorizing  Monica R.  Landry to sign and file this
Schedule 13G on each person's  behalf,  which were filed with Amendment No. 2 to
the Schedule 13D filed with the Securities  and Exchange  Commission on July 16,
2003,  by such  Reporting  Persons with respect to the Common Stock of New World
Restaurant  Group,  Inc., are hereby  incorporated  by reference.  The Powers of
Attorney  executed  by each of Chun R.  Ding and  Derek C.  Schrier  authorizing
Monica R. Landry to sign and file this  Schedule  13G on his  behalf,  which was
filed with  Amendment  No. 1 to the Schedule 13D filed with the  Securities  and
Exchange  Commission on July 2, 2003, by such  Reporting  Person with respect to
the Common  Stock of Salix  Pharmaceuticals,  Ltd.,  is hereby  incorporated  by
reference.  The Powers of Attorney  executed  by each of Charles E.  Ellwein and
Rajiv A.  Patel  authorizing  Landry to sign and file this  Schedule  13G on his
behalf,  which was filed with Amendment No. 4 to the Schedule 13G filed with the
Securities and Exchange  Commission on January 8, 2004 by such Reporting  Person
with respect to the Common Stock of Catalytica  Energy Systems,  Inc., is hereby
incorporated  by reference.  The Powers of Attorney  executed by each of Noonday
G.P. (U.S.), L.L.C., Noonday Asset Management, L.P., Noonday Capital, L.L.C. and
David I.  Cohen  authorizing  Landry to sign and file this  Schedule  13G on his
behalf,  which was filed with Amendment No. 5 to the Schedule 13G filed with the
Securities and Exchange  Commission on January 10, 2005 by such Reporting Person
with respect to the Common Stock of Catalytica  Energy Systems,  Inc., is hereby
incorporated by reference.


                              Page 31 of 34 Pages




                                  EXHIBIT INDEX

EXHIBIT 1                                Joint Acquisition Statement Pursuant to
                                         Section 240.13d1(k)




                               Page 32 of 34 Pages



                                                                       EXHIBIT 1
                                                                              to
                                                                    SCHEDULE 13G

                           JOINT ACQUISITION STATEMENT
                        PURSUANT TO SECTION 240.13d-1(k)
                        --------------------------------

         The undersigned  acknowledge and agree that the foregoing  statement on
Schedule  13G is  filed  on  behalf  of each of the  undersigned  and  that  all
subsequent amendments to this statement on Schedule 13G 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, her or it contained therein, but
shall not be responsible  for the  completeness  and accuracy of the information
concerning the other  entities or persons,  except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.

Dated:  January 10, 2005


               /s/ Monica R. Landry
               ----------------------------------------------------------
               FARALLON PARTNERS, L.L.C.,
               on its own behalf and as General Partner of
               FARALLON CAPITAL PARTNERS, L.P.,
               FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
               FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
               FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
               And TINICUM PARTNERS, L.P.,
               By Monica R. Landry,
               Managing Member

               /s/ Monica R. Landry
               ----------------------------------------------------------
               FARALLON CAPITAL MANAGEMENT, L.L.C.,
               By Monica R. Landry,
               Managing Member

               /s/ Monica R. Landry
               ----------------------------------------------------------
               NOONDAY G.P. (U.S.), L.L.C.
               By Monica R. Landry,
               Attorney-in-fact


                              Page 33 of 34 Pages



               /s/ Monica R. Landry
               ----------------------------------------------------------
               NOONDAY CAPITAL, L.L.C.
               On its own behalf and as the General Partner
               of NOONDAY ASSET MANAGEMENT, L.P.
               By Monica R. Landry,
               Attorney-in-fact


               /s/ Monica R. Landry
               ----------------------------------------------------------
               Monica R. Landry, individually and as attorney-in-fact for
               each of David I. Cohen, Chun R. Ding, Joseph F. Downes,
               William F. Duhamel, Charles E. Ellwein, Richard B. Fried,
               William F. Mellin, Stephen L. Millham, Rajiv A. Patel,
               Derek C. Schrier, Thomas F. Steyer and Mark C. Wehrly.


                              Page 34 of 34 Pages