SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   ----------

                                 SCHEDULE 13G/A

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                (Amendment No. 1)


                                 Arch Coal, Inc.
                      -------------------------------------
                                (Name of Issuer)

                     COMMON STOCK, par value $0.01 per share
                    -----------------------------------------
                         (Title of Class of Securities)

                                    039380100
                                 --------------
                                 (CUSIP Number)

                                December 31, 2008
                      ------------------------------------
                      (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 information required on 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.

                         (Continued on following pages)

                              (Page 1 of 15 Pages)







-------------------                                           ------------------
CUSIP NO. 039380100                         13G/A             Page 2 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       TPG-Axon Capital Management, LP ("TPG-Axon Management")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware

--------------------------------------------------------------------------------
                     5       SOLE VOTING POWER

                             0
                     ----------------------------------------------------------
       NUMBER OF     6       SHARED VOTING POWER
       SHARES
       BENEFICIALLY          Options to purchase 6,000,000 shares of Common
       OWNED BY              Stock
       EACH          ----------------------------------------------------------
       REPORTING     7       SOLE DISPOSITIVE POWER
       PERSON
       WITH                  0
                     ----------------------------------------------------------
                     8       SHARED DISPOSITIVE POWER

                             Options to purchase 6,000,000 shares of Common
                             Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       Options to purchase 6,000,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       4.2%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       PN
--------------------------------------------------------------------------------






-------------------                                           ------------------
CUSIP NO. 039380100                         13G/A             Page 3 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       TPG-Axon Partners GP, LP ("PartnersGP")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware

--------------------------------------------------------------------------------
                     5       SOLE VOTING POWER

                             0
                     ----------------------------------------------------------
       NUMBER OF     6       SHARED VOTING POWER
       SHARES
       BENEFICIALLY          Options to purchase 1,930,000 shares of Common
       OWNED BY              Stock
       EACH          ----------------------------------------------------------
       REPORTING     7       SOLE DISPOSITIVE POWER
       PERSON
       WITH                  0
                     ----------------------------------------------------------
                     8       SHARED DISPOSITIVE POWER

                             Options to purchase 1,930,000 shares of Common
                             Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       Options to purchase 1,930,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       1.4%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       PN
--------------------------------------------------------------------------------





-------------------                                           ------------------
CUSIP NO. 039380100                          13G/A            Page 4 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       TPG-Axon GP, LLC ("GPLLC")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware

--------------------------------------------------------------------------------
                     5       SOLE VOTING POWER

                             0
                     ----------------------------------------------------------
       NUMBER OF     6       SHARED VOTING POWER
       SHARES
       BENEFICIALLY          Options to purchase 6,000,000 shares of Common
       OWNED BY              Stock
       EACH          ----------------------------------------------------------
       REPORTING     7       SOLE DISPOSITIVE POWER
       PERSON
       WITH                  0
                     ----------------------------------------------------------
                     8       SHARED DISPOSITIVE POWER

                             Options to purchase 6,000,000 shares of Common
                             Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       Options to purchase 6,000,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       4.2%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       OO
--------------------------------------------------------------------------------





-------------------                                          ------------------
CUSIP NO. 039380100                         13G/A             Page 5 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       TPG-Axon Partners, LP ("TPG-Axon Domestic")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware

--------------------------------------------------------------------------------
                     5       SOLE VOTING POWER

                             0
                     ----------------------------------------------------------
       NUMBER OF     6       SHARED VOTING POWER
       SHARES
       BENEFICIALLY          Options to purchase 1,930,000 shares of Common
       OWNED BY              Stock
       EACH          ----------------------------------------------------------
       REPORTING     7       SOLE DISPOSITIVE POWER
       PERSON
       WITH                  0
                     ----------------------------------------------------------
                     8       SHARED DISPOSITIVE POWER

                             Options to purchase 1,930,000 shares of Common
                             Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       Options to purchase 1,930,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       1.4%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       PN
--------------------------------------------------------------------------------





-------------------                                           ------------------
CUSIP NO. 039380100                          13G/A            Page 6 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       TPG-Axon Partners (Offshore), Ltd. ("TPG-Axon Offshore")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Cayman Islands

--------------------------------------------------------------------------------
                     5       SOLE VOTING POWER

                             0
                     ----------------------------------------------------------
       NUMBER OF     6       SHARED VOTING POWER
       SHARES
       BENEFICIALLY          Options to purchase 4,070,000 shares of Common
       OWNED BY              Stock
       EACH          ----------------------------------------------------------
       REPORTING     7       SOLE DISPOSITIVE POWER
       PERSON
       WITH                  0
                     ----------------------------------------------------------
                     8       SHARED DISPOSITIVE POWER

                             Options to purchase 4,070,000 shares of Common
                             Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       Options to purchase 4,070,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       2.8%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       CO
--------------------------------------------------------------------------------





-------------------                                           ------------------
CUSIP NO. 039380100                          13G/A            Page 7 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       Dinakar Singh LLC ("Singh LLC")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       Delaware

--------------------------------------------------------------------------------
                     5       SOLE VOTING POWER

                             0
                     ----------------------------------------------------------
       NUMBER OF     6       SHARED VOTING POWER
       SHARES
       BENEFICIALLY          Options to purchase 6,000,000 shares of Common
       OWNED BY              Stock
       EACH          ----------------------------------------------------------
       REPORTING     7       SOLE DISPOSITIVE POWER
       PERSON
       WITH                  0
                     ----------------------------------------------------------
                     8       SHARED DISPOSITIVE POWER

                             Options to purchase 6,000,000 shares of Common
                             Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       Options to purchase 6,000,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       4.2%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       OO
--------------------------------------------------------------------------------





-------------------                                           ------------------
CUSIP NO. 039380100                          13G/A            Page 8 of 15 Pages
-------------------                                           ------------------

--------------------------------------------------------------------------------
1      NAME OF REPORTING PERSON
       I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

       Dinakar Singh ("Mr. Singh")
--------------------------------------------------------------------------------
2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                  (a) |X|
                                                                         (b) |_|
--------------------------------------------------------------------------------
3      SEC USE ONLY

--------------------------------------------------------------------------------
4      CITIZENSHIP OR PLACE OF ORGANIZATION
       USA

--------------------------------------------------------------------------------
                     5       SOLE VOTING POWER

                             0
                     ----------------------------------------------------------
       NUMBER OF     6       SHARED VOTING POWER
       SHARES
       BENEFICIALLY          Options to purchase 6,000,000 shares of Common
       OWNED BY              Stock
       EACH          ----------------------------------------------------------
       REPORTING     7       SOLE DISPOSITIVE POWER
       PERSON
       WITH                  0
                     ----------------------------------------------------------
                     8       SHARED DISPOSITIVE POWER

                             Options to purchase 6,000,000 shares of Common
                             Stock
--------------------------------------------------------------------------------
9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       Options to purchase 6,000,000 shares of Common Stock
--------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
       |_|

--------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

       4.2%*
--------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON

       IN
--------------------------------------------------------------------------------





-------------------                                           ------------------
CUSIP NO. 039380100                         13G/A             Page 9 of 15 Pages
-------------------                                           ------------------

ITEM 1.

      (a) NAME OF ISSUER: Arch Coal, Inc.

      (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

          One CityPlace Drive, Suite 300
          St. Louis, Missouri 63141

ITEM 2.

         2(a). NAME OF PERSON FILING:

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

          (i)    TPG-Axon Capital Management, LP ("TPG-Axon Management"), a
                 Delaware limited partnership, with respect to the Shares
                 reported in this Schedule 13G/A held by TPG-Axon Partners, LP
                 ("TPG-Axon Domestic") and TPG-Axon Partners (Offshore), Ltd.
                 ("TPG-Axon Offshore," and together with TPG-Axon Domestic the
                 "Funds").

          (ii)   TPG-Axon Partners GP, LP ("PartnersGP"), a Delaware limited
                 partnership which serves as the general partner of TPG-Axon
                 Domestic, with respect to the Shares reported in this Schedule
                 13G/A managed by TPG-Axon Management and held by TPG-Axon
                 Domestic.

          (iii)  TPG-Axon GP, LLC ("GPLLC"), a Delaware limited liability
                 company, which serves as the general partner of TPG-Axon
                 Management and PartnersGP, with respect to the Shares reported
                 in this Schedule 13G/A managed by TPG-Axon Management and held
                 by the Funds.

          (iv)   TPG-Axon Domestic, a Delaware limited partnership, with respect
                 to the Shares reported in this Schedule 13G/A directly held by
                 it.

          (v)    TPG-Axon Offshore, a Cayman Islands exempted company, with
                 respect to the Shares reported in this Schedule 13G/A
                 directly held by it.

          (vi)   Dinakar Singh LLC ("Singh LLC"), a Delaware limited liability
                 company which serves as the managing member of GPLLC, with
                 respect to the Shares reported in this Schedule 13G/A managed
                 by TPG-Axon Management and held by the Funds.

          (vii)  Dinakar Singh ("Mr. Singh"), an individual who serves as the
                 managing member of Singh LLC, with respect to the Shares
                 reported in this Schedule 13G/A managed by TPG-Axon Management
                 and held by the Funds.





-------------------                                          -------------------
CUSIP NO. 039380100                          13G/A           Page 10 of 15 Pages
-------------------                                          -------------------

      (b) ADDRESS OF PRINCIPAL OFFICE:

            (All, except TPG-Axon       TPG-Axon Offshore
            Offshore)

            888 Seventh Avenue          c/o Goldman Sachs (Cayman) Trust Limited
            38th Floor                  PO Box 896GT, Harbour Centre, 2nd Floor
            New York, New York 10019    George Town, Grand Cayman
                                        Cayman Islands, BWI

      (c) Citizenship: Delaware (all except TPG-Axon Offshore and Mr. Singh);
          TPG-Axon Offshore: Cayman Islands; Mr. Singh is a United States
          citizen.

      (d) Title of Class of Securities: Common Stock, par value $0.01
          per share (the "Shares")

      (e) CUSIP Number: 039380100

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(B) OR
        240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:

      (a) |_| Broker or dealer registered under section 15 of the
              Act (15 U.S.C. 78o).

      (b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

      (c) |_| Insurance company as defined in section 3(a)(19) of the
              Act (15 U.S.C. 78c).

      (d) |_| Investment company registered under section 8 of the
              Investment Company Act of 1940 (15 U.S.C. 80a-8).

      (e) |_| An investment adviser in accordance with
              ss.240.13d-1(b)(1)(ii)(E).

      (f) |_| An employee benefit plan or endowment fund in accordance with
              ss.240.13d-1(b)(1)(ii)(F).

      (g) |_| A parent holding company or control person in accordance with
              ss.240.13d-1(b)(1)(ii)(G).

      (h) |_| A savings association as defined in Section 3(b) of the
              Federal Deposit Insurance Act (12 U.S.C. 1813).

      (i) |_| A church plan that is excluded from the definition of an
              investment company under section 3(c)(14) of the Investment
              Company Act of 1940 (15 U.S.C. 80a-3).

      (j) |_| Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).

         IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS
         BOX   [X]





-------------------                                          -------------------
CUSIP NO. 039380100                          13G/A           Page 11 of 15 Pages
-------------------                                          -------------------

ITEM 4. OWNERSHIP

         TPG-Axon Management, as investment manager to TPG-Axon Domestic and
TPG-Axon Offshore, has the power to direct the disposition and voting of the
Shares held by TPG-Axon Domestic and TPG-Axon Offshore. PartnersGP is the
general partner of TPG-Axon Domestic. GPLLC is the general partner of PartnersGP
and TPG-Axon Management. Singh LLC is a Managing Member of GPLLC. Mr. Singh, an
individual, is the Managing Member of Singh LLC and in such capacity may be
deemed to control Singh LLC, GPLLC and TPG-Axon Management, and therefore may be
deemed the beneficial owner of the securities held by TPG-Axon Domestic and
TPG-Axon Offshore.

         Each of Singh LLC, GPLLC, PartnersGP and Mr. Singh disclaim beneficial
ownership of all of the options to purchase shares of Common Stock reported in
this 13G/A.

     A.   TPG-Axon Management
          (a)  Amount beneficially owned:  Options to purchase 6,000,000
               shares of Common Stock
          (b)  Percent of class: 4.2%*
               (*All percentages of beneficial ownership reported in
               this Schedule 13G/A are based on the 142,863,179
               outstanding shares of Common Stock reported in the
               Issuer's form 10Q for the quarterly period ended
               September 30, 2008.)
          (c)  Number of shares as to which the person has:
               (i) Sole power to vote or to direct the vote:
                   0
              (ii) Shared power to vote or to direct the vote:
                   Options to purchase 6,000,000 shares of Common Stock
             (iii) Sole power to dispose or to direct the disposition of:
                   0
              (iv) Shared power to dispose or to direct the disposition of:
                    Options to purchase 6,000,0000 shares of Common Stock

     B.   PartnersGP
          (a) Amount beneficially owned:  Options to purchase 1,930,000
              Shares of Common Stock
          (b) Percent of class: 1.4%*
          (c) Number of shares as to which the person has:
              (i) Sole power to vote or to direct the vote:
                  0
             (ii) Shared power to vote or to direct the vote:
                  Options to purchase 1,930,000 shares of Common Stock
            (iii) Sole power to dispose or to direct the disposition of:
                  0
             (iv) Shared power to dispose or to direct the disposition of:
                  Options to purchase 1,930,000 shares of Common Stock






-------------------                                          -------------------
CUSIP NO. 039380100                         13G/A            Page 12 of 15 Pages
-------------------                                          -------------------

     C.   GPLLC
          (a) Amount beneficially owned:  Options to purchase 6,000,000
              shares of Common Stock
          (b) Percent of class: 4.2%*
          (c) Number of shares as to which the person has:
              (i) Sole power to vote or to direct the vote:
                  0
             (ii) Shared power to vote or to direct the vote:
                  Options to purchase 6,000,000 shares of Common Stock
            (iii) Sole power to dispose or to direct the disposition of:
                  0
             (iv) Shared power to dispose or to direct the disposition of:
                  Options to purchase 6,000,000 shares of Common Stock

     D.   TPG-Axon Domestic
          (a) Amount beneficially owned:  Options to purchase 1,930,000
              Shares of Common Stock
          (b) Percent of class: 1.4%*
          (c) Number of shares as to which the person has:
              (i) Sole power to vote or to direct the vote:
                  0
             (ii) Shared power to vote or to direct the vote:
                  Options to purchase 1,930,000 shares of Common Stock
            (iii) Sole power to dispose or to direct the disposition of:
                  0
             (iv) Shared power to dispose or to direct the disposition of:
                  Options to purchase 1,930,000 shares of Common Stock

     E.   TPG-Axon Offshore
          (a) Amount beneficially owned:  Options to purchase 4,070,000
              Shares of Common Stock
          (b) Percent of class: 2.8%*
          (c) Number of shares as to which the person has:
              (i) Sole power to vote or to direct the vote:
                  0
             (ii) Shared power to vote or to direct the vote:
                  Options to purchase 4,070,000 shares of Common Stock
            (iii) Sole power to dispose or to direct the disposition of:
                  0
             (iv) Shared power to dispose or to direct the disposition of:
                  Options to purchase 4,070,000 shares of Common Stock

     F.   Singh LLC
          (a) Amount beneficially owned:  Options to purchase 6,000,000
              shares of Common Stock
          (b) Percent of class: 4.2%*
          (c) Number of shares as to which the person has:
              (i) Sole power to vote or to direct the vote:
                  0
             (ii) Shared power to vote or to direct the vote:
                  Options to purchase 6,000,000 shares of Common Stock
            (iii) Sole power to dispose or to direct the disposition of:
                  0
             (iv) Shared power to dispose or to direct the disposition of:
                  Options to purchase 6,000,000 shares of Common Stock





--------------------                                        --------------------
CUSIP NO. 039380100                        13G/A            Page 13 of 15 Pages
-------------------                                         --------------------

     G.   Mr. Singh
          (a) Amount beneficially owned:  Options to purchase 6,000,000
              shares of Common Stock
          (b) Percent of class: 4.2%*
          (c) Number of shares as to which the person has:
              (i) Sole power to vote or to direct the vote:
                  0
             (ii) Shared power to vote or to direct the vote:
                  Options to purchase 6,000,000 shares of Common Stock
            (iii) Sole power to dispose or to direct the disposition of:
                  0
             (iv) Shared power to dispose or to direct the disposition of:
                   Options to purchase 6,000,000 shares of Common Stock


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 5 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 REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL
        PERSON.

        Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

        Not applicable.

ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP

        Not applicable.





-------------------                                          -------------------
CUSIP NO. 039380100                          13G/A           Page 14 of 15 Pages
-------------------                                          -------------------


ITEM 10. CERTIFICATION

        By signing below I certify that, to the best of my knowledge and belief,
        the securities referred to above were not acquired and are not held for
        the purpose of or with the effect of changing or influencing the control
        of the issuer of the securities and were not acquired and are not held
        in connection with or as a participant in any transaction having that
        purpose or effect.

                                    SIGNATURE

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


Dated:  February 13, 2009


                               TPG-Axon Capital Management, LP
                               By:  TPG-Axon GP, LLC, general partner


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Co-President


                               TPG-Axon Partners GP, LP
                               By: TPG-Axon GP, LLC, general partner


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Co-President


                               TPG-Axon GP, LLC


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Co-President





-------------------                                          -------------------
CUSIP NO. 039380100                          13G/A           Page 15 of 15 Pages
-------------------                                          -------------------


                               TPG-Axon Partners, LP
                               By:  TPG-Axon Partners GP, LP, general partner
                               By:  TPG-Axon GP, LLC, general partner


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Co-President


                               TPG-Axon Partners (Offshore), Ltd.


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Director


                                Dinakar Singh LLC


                               By:  /s/  Dinakar Singh
                                    ----------------------
                                    Dinakar Singh
                                    Managing Member


                                /s/ Dinakar Singh
                               ---------------------------
                                    Dinakar Singh