Edgar Filing: ING FURMAN SELZ INVESTORS III LP

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 ^*

Â FS PRIVATE INVESTMENTS III LLC

2. Date of Event Requiring Statement (Month/Day/Year)
11/29/2007

3. Issuer Name and Ticker or Trading Symbol
RAM ENERGY RESOURCES INC [RAME]

(Last)

(First)

(Middle)

C/O JEFFERIES CAPITAL PARTNERS,Â 520 MADISON AVENUE

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
See footnote (3)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

NEW YORK,Â NYÂ 10022

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 ⁽¹⁾	1,379,035 ⁽²⁾ ⁽³⁾	I	See footnote ⁽¹⁾

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
Warrants to Purchase Common Stock ⁽¹⁾	11/29/2007	05/11/2008	Common Stock	455,190 ⁽²⁾ ⁽³⁾	$ 5	I	See footnote ⁽¹⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
FS PRIVATE INVESTMENTS III LLC C/O JEFFERIES CAPITAL PARTNERS 520 MADISON AVENUE NEW YORK,Â NYÂ 10022	Â	Â	Â	See footnote (3)
ING BARINGS GLOBAL LEVERAGED EQUITY PLAN LTD 520 MADISON AVENUE NEW YORK,Â NYÂ 10022	Â	Â	Â	See footnote (3)
FRIEDMAN BRIAN P 520 MADISON AVENUE NEW YORK,Â NYÂ 10022	Â	Â	Â	See footnote (3)
LUIKART JAMES L 520 MADISON AVENUE NEW YORK,Â NYÂ 10022	Â	Â	Â	See footnote (3)
ING FURMAN SELZ INVESTORS III LP 520 MADISON AVENUE NEW YORK,Â NYÂ 10022	Â	Â	Â	See footnote (3)
ING BARINGS US LEVERAGED EQUITY PLAN LLC 520 MADISON AVENUE NEW YORK,Â NYÂ 10022	Â	Â	Â	See footnote (3)

Signatures

/s/ Brian P. Friedman		12/11/2007
^**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)	See Exhibit 99.
(2)	See Exhibit 99.
(3)	See Exhibit 99.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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