Item 1. (a) FOSTER WHEELER CORPORATION
(b) Perryville Corporate Park
Clinton, NJ 08809-4000
Item 2. (a) Palley-Needelman Asset Management, Inc.
(b) 800 Newport Center Drive, Suite 450
Newport Beach, CA 92660-6316
(c) California corporation, USA
(d) Common stock
(e) Cusip: 350244109
Item 3. (e) Person filing is an: Investment Adviser
registered under section 203 of the
Investment Advisers Act of 1940.
Item 4. Ownership
(a) n/a
(b) n/a
(c) n/a
Item 5. Ownership of Five Percent or Less of a Class: Yes
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course
of business and were not acquired for the purpose of and do not have
the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant
in any transaction having such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
Signed: Chet Needelman, Chief Executive Officer
