UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 0)*
ONEIDA LTD
(Name of Issuer)
Common
(Title of Class of Securities)
682505102
(CUSIP Number)
December 31, 2006
(Date of Event Which Required Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
(X)Rule 13d-1(b)
__ 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 onthis 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).
CUSIP No. 682505102
1. Names of Reporting Persons: National Rural Electric Cooperative
Association I.R.S. Identification Nos. of above persons (entities
only): 53-0116154
2. Check the Appropriate Box if a Member of a Group: N/A
3. SEC Use Only
4. Citizenship or Place of Organization: Arlington, VA
Number of Shares Beneficially by Owned by Each Reporting Person With:
5. Sole Voting Power: 0
6. Shared Voting Power: 0
7. Shared Dispositive Power: 0
8. Shared Dispositive Power: 0
9. Aggregate Amount Beneficially Owned by Each Report Person: 0
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares: Not
applicable.
11. Percent of Class Represented by Amount in Row (9): 0
12. Type of Reporting Person: EP
Item 1 (a) Name of Issuer: ONEIDA LTD
(b) Address of Issuer's Principal Executive Offices:
163-181 Kenwood Avenue
Oneida, New York, 13421-2899
Item 2 (a) Name of Person Filing:
National Rural Electric Cooperative Association
(b) Address of Principal Business Office or, if none, Residence
4301 Wilson Blvd.
Arlington, VA 22203
(c) Citizenship:
Commonwealth of Virginia - National Rural Electric
Cooperative Association
(d) Title of Class of Securities:
Common
(e) CUSIP Number:
682505102
Item 3 The person filing this statement pursuant to Rule 13d-1(b) or
13d-2(b) or (c) is:
(f) An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F)
Item 4 Ownership
(a) Amount beneficially owned: 0
(b) Percent of class: 0
(c) Number of shares as to which the person has:
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition
of: 0
(iv) Shared power to dispose or to direct the disposition
of : 0
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following: (X).
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 Report on By the Parent Holding
Company
Not applicable.
Item 8 Identification and Classification of Members of the Group
Not applicable.
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 acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or
as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
February 13, 2007
(date)
/s/ Peter R. Morris
(Signature)
Peter R. Morris, Vice President and Chief Investment Officer
(Name/Title)