Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
BALYASNY ASSET MANAGEMENT LLC
   2. Issuer Name and Ticker or Trading Symbol
NORTHFIELD LABORATORIES INC /DE/ [NFLD] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
, 135 E. 57TH STREET, 27TH FL		 3. Date of Earliest Transaction (Month/Day/Year)
12/27/2006
(Street)

NEW YORK, NY 10022		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock* 12/26/2006 12/27/2006 X   37,500 A $ 12.5 2,687,700 I See Footnotes (1) (2)
Common Stock 12/27/2006 12/27/2006 P   72,100 A $ 3.8374 2,759,800 I See Footnotes (1) (2)
Common Stock* 01/03/2007 01/03/2007 X   5,000 A $ 12.5 2,764,800 I See Footnotes (1) (2)
Common Stock* 01/09/2007 01/09/2007 X   2,000 A $ 12.5 2,766,800 I See Footnotes (1) (2)
Common Stock* 01/11/2007 01/11/2007 X   1,900 A $ 12.5 2,768,700 I See Footnotes (1) (2)
Common Stock* 01/11/2007 01/11/2007 X   2,500 A $ 10 2,771,200 I See Footnotes (1) (2)
Common Stock* 01/12/2007 01/12/2007 X   400 A $ 12.5 2,711,600 I See Footnotes (1) (2)
Common Stock* 01/16/2007 01/16/2007 X   2,500 A $ 12.5 2,774,100 I See Footnotes (1) (2)
Common Stock* 01/17/2007 01/17/2007 X   2,500 A $ 12.5 2,776,600 I See Footnotes (1) (2)
Common Stock* 01/18/2007 01/17/2007 X   2,500 A $ 12.5 2,779,100 I See Footnotes (1) (2)
Common Stock* 01/19/2007 01/19/2007 X   116,800 D $ 5 2,662,300 I See Footnotes (1) (2)
Common Stock* 01/19/2007 01/19/2007 X   348,700 D $ 7.5 2,313,600 I See Footnotes (1) (2)
Common Stock* 01/19/2007 01/19/2007 X   85,000 A $ 12.5 2,398,600 I See Footnotes (1) (2)
Common Stock* 01/19/2007 01/19/2007 X   3,700 A $ 10 2,402,300 I See Footnotes (1) (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)* $ 25 01/19/2007 01/19/2007 H     4,814 12/26/2006 01/20/2007 Common Stock 0 $ 0 0 I See Footnotes (1) (2)
Stock Option (right to buy)* $ 7.5 01/19/2007 01/19/2007 H     4,180 12/26/2006 01/20/2007 Common Stock 0 $ 0 0 I See Footnotes (1) (2)
Stock Option (right to buy)* $ 22.5 01/19/2007 01/19/2007 H     15,265 12/26/2006 01/20/2007 Common Stock 0 $ 0 0 I See Footnotes (1) (2)
Stock Option (right to sell)* $ 5 01/19/2007 01/19/2007 X     1,168 12/26/2006 01/20/2007 Common Stock 116,800 $ 0 0 I See Footnotes (1) (2)
Stock Option (right to sell)* $ 15 01/19/2007 01/19/2007 X     2,500 12/26/2006 01/20/2007 Common Stock 250,000 $ 0 0 I See Footnotes (1) (2)
Stock Option (right to sell)* $ 7.5 01/19/2007 01/19/2007 S     1,000 12/26/2006 01/20/2007 Common Stock 100,000 $ 3.3836 3,487 I See Footnotes (1) (2)
Stock Option (right to sell)* $ 7.5 01/19/2007 01/19/2007 X     3,487 12/26/2006 01/20/2007 Common Stock 348,700 $ 0 0 I See Footnotes (1) (2)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BALYASNY ASSET MANAGEMENT LLC
135 E. 57TH STREET, 27TH FL
NEW YORK, NY 10022		     X    
Atlas Master Fund, Ltd.
C/O BALYASNY ASSET MANAGEMENT LP
135 E. 57TH STREET, 27TH FL
NEW YORK, NY 10022		       Group Member
Atlas Global, LLC
C/O BALYASNY ASSET MANAGEMENT LP
135 E. 57TH STREET, 27TH FL
NEW YORK, NY 10022		       Group Member
ATLAS GLOBAL INVESTMENTS LTD
C/O BALYASNY ASSET MANAGEMENT LP
135 E. 57TH STREET, 27TH FL
NEW YORK, NY 10022		       Group Member
Atlas Global Investments II, Ltd.
C/O BALYASNY ASSET MANAGEMENT LP
135 E. 57TH STREET, 27TH FL
NEW YORK, NY 10022		       Group Member
Visium Balanced Fund LP
C/O BALYASNY ASSET MANAGEMENT LP
135 E. 57TH STREET, 27TH FL
NEW YORK, NY 10022		       Group Member
VISIUM LONG BIAS FUND L P
C/O BALYASNY ASSET MANAGEMENT L.P.
135 E. 57TH STREET, 27TH FLOOR
NEW YORK, NY 10022		       Group Member
VISIUM BALANCED OFFSHORE FUND LTD
C/O BALYASNY ASSET MANAGEMENT LP
135 E. 57TH STREET, 27TH FL
NEW YORK, NY 10022		       Group Member
Visium Capital Management, LLC
C/O BALYASNY ASSET MANAGEMENT LP
135 E. 57TH STREET, 27TH FL
NEW YORK, NY 10022		       Group Member
Balyasny Dmitry
181 W. MADISON STREET; SUITE 3600
CHICAGO, IL 60602		     X    

Signatures

 /s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR BALYASNY ASSET MANAGEMENT L.P.   01/23/2007
**Signature of Reporting Person Date
 /s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS MASTER FUND, LTD.   01/23/2007
**Signature of Reporting Person Date
 /s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS GLOBAL, LLC   01/23/2007
**Signature of Reporting Person Date
 /s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS GLOBAL INVESTMENTS, LTD.   01/23/2007
**Signature of Reporting Person Date
 /s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS GLOBAL INVESTMENTS II, LTD.   01/23/2007
**Signature of Reporting Person Date
 /s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR VISIUM BALANCED FUND, LP   01/23/2007
**Signature of Reporting Person Date
 /s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR VISIUM LONG BIAS FUND, LP   01/23/2007
**Signature of Reporting Person Date
 /s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR VISIUM BALANCED OFFSHORE FUND, LTD.   01/23/2007
**Signature of Reporting Person Date
 /s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR VISIUM CAPITAL MANAGEMENT, LLC   01/23/2007
**Signature of Reporting Person Date
 /s/ SCOTT SCHROEDER, AUTHORIZED REPRESENTATIVE AND EXECUTIVE OFFICER OF BALYASNY ASSET MANAGEMENT L.P. FOR DMITRY BALYASNY   01/23/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) These shares are held as follows: Atlas Master Fund, Ltd. ("AMF") owns 5.86% or 176 shares; Visium Balanced Fund, LP ("VBF") owns 21.92% or 657 shares; Visium Long Bias Fund, LP ("VLB") owns 9.41% or 282 shares; Visium Balanced Offshore Fund, Ltd. ("VBOF") owns 36.34% or 1,090 shares; and Visium Long Bias Offshore Fund Ltd. ("VLBOF") owns 25.85% or 775 shares. Additionally, Dmitry Balyasny owns 0.63% or 19 shares. By virtue of its position as investment advisor and/or sub-advisor to each of Atlas Master Fund, Ltd. ("AMF"), Atlas Global, LLC ("AG"), Atlas Global Investments, Ltd. ("AGI"), Atlas Global Investments II, Ltd. ("AGII"), Visium Balanced Fund LP ("VBF"), Visium Long Bias Fund LP ("VLB"), Visium Balanced Offshore Fund, Ltd. ("VBOF") and Visium Long Bias Offshore Fund Ltd. ("VLBOF"), Balyasny Asset Management L.P. may be deemed to beneficially own all 2,999 shares of Common Stock.
(2) By virtue of Atlas Global, LLC's ("AG") ownership of 10.79% of the equity interest in AMF, AG may be deemed to beneficially own the 324 shares of Northfield Laboratories, Inc.'s ("NFLD") stock that is beneficially owned by AMF. By virtue of Atlas Global Investments, Ltd. ("AGI") ownership of 83.72% of the equity interest in AMF, AGI may be deemed to beneficially own the 2,511 shares of NFLD stock that is beneficially owned by AMF. By virtue of Atlas Global Investments II, Ltd. ("AGII") ownership of 5.48% of the equity interest in AMF, AGII may be deemed to beneficially own the 164 shares of OTCI stock that is beneficially owned by AMF.

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