Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  ICAHN CARL C ET AL
2. Date of Event Requiring Statement (Month/Day/Year)
10/19/2005
3. Issuer Name and Ticker or Trading Symbol
BKF CAPITAL GROUP INC [BKF]
(Last)
(First)
(Middle)
C/O ICAHN ASSOCIATES CORP, 767 FIFTH AVE #4700
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10153
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $1.00 ("Shares") 1,194,100 (1) (2) (3) (4)
I (1) (2) (3) (4)
See Footnotes (1) (2) (3) (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ICAHN CARL C ET AL
C/O ICAHN ASSOCIATES CORP
767 FIFTH AVE #4700
NEW YORK, NY 10153
    X    
Hopper Investments LLC
100 SOUTH BEDFORD ROAD
MT KISCO, NY 10549
    X    
BARBERRY CORP /NY/
100 SOUTH BEDROD RD
MT KISCO, NY 10549
    X    
HIGH RIVER LIMITED PARTNERSHIP /NY/
100 S BEDFORD RD
MT KISKO, NY 10549
    X    
Icahn Partners Master Fund LP
C/O WALKERS SPV LIMITED, P.O. BOX 908GT
87 MARY STREET
GEORGE TOWN, GRAND CANYON, E9 E9
    X    
Icahn Offshore LP
100 SOUTH BEDFORD ROAD
MT. KISCO, NY 10549
    X    
CCI Offshore Corp.
100 SOUTH BEDFORD ROAD
MT KISCO, NY 10549
    X    
Icahn Partners L P
767 5TH AVE 47TH FL
NEW YORK, NY 10151
    X    
Icahn Onshore LP
100 SOUTH BEDFORD ROAD
MT. KISCO, NY 10549
    X    
CCI Onshore Corp.
100 SOUTH BEDFORD ROAD
MT KISCO, NY 10549
    X    

Signatures

Carl C. Icahn 10/31/2005
**Signature of Reporting Person Date

Hopper Investments LLC 10/31/2005
**Signature of Reporting Person Date

Barberry Corp. 10/31/2005
**Signature of Reporting Person Date

High River Limited Partnership 10/31/2005
**Signature of Reporting Person Date

Icahn Partners Master Fund LP 10/31/2005
**Signature of Reporting Person Date

Icahn Offshore LP 10/31/2005
**Signature of Reporting Person Date

CCI Offshore Corp. 10/31/2005
**Signature of Reporting Person Date

Icahn Partners LP 10/31/2005
**Signature of Reporting Person Date

Icahn Onshore LP 10/31/2005
**Signature of Reporting Person Date

CCI Onshore Corp. 10/31/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Barberry Corp. is the sole member of Hopper Investments LLC, which is the general partner of High River Limited Partnership. CCI Offshore Corp. is the general partner of Icahn Offshore LP, which is the general partner of Icahn Partners Master Fund LP. CCI Onshore Corp. is the general partner of Icahn Onshore LP, which is the general partner of Icahn Partners LP. Each of Barberry Corp., CCI Offshore Corp. and CCI Onshore Corp. is 100 percent owned by Carl C. Icahn. As such, Mr. Icahn is in a position indirectly to determine the investment and voting decisions made by all of the foregoing entities.
(2) High River Limited Partnership owns 498,820 Shares. Icahn Partners Master Fund LP owns 389,357 Shares. Icahn Partners LP owns 305,923 Shares. Each of Hopper Investments LLC, Barberry Corp. and Mr. Icahn, by virtue of their relationships to High River Limited Partnership may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which High River Limited Partnership directly owns, but each of them disclaims beneficial ownership of such Shares except to the extent of their pecuniary interest therein.
(3) Each of Icahn Offshore LP, CCI Offshore Corp. and Mr. Icahn by virtue of their relationships to Icahn Master Fund LP may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which Icahn Partners Master Fund LP directly owns, but each of them disclaims beneficial ownership of such Shares except to the extent of their pecuniary interest therein.
(4) Each of Icahn Onshore LP, CCI Onshore Corp. and Mr. Icahn, by virtue of their relationships to Icahn Partners LP may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which Icahn Partners LP directly owns, but each of them disclaims beneficial ownership of such Shares except to the extent of their pecuniary interest therein.

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