UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F HR/A
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: September 30, 2008
Check here if Amendment ( x ) Amendment Number: 1
This Amendment (Check only one.): ( ) is a restatement
( ) adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Friedman, Billings, Ramsey Group, Inc.
Address: 1001 19th Street North
Potomac Tower
Arlington, VA 22209
13F File Number: 28-5254
The Institutional investment manager filing this report and the person by
whom it is Signed hereby represent that the person signing the report is
authorized to submit it, That all the information contained herein is true,
correct and complete, and that it is understood that all required items,
statements, schedules, lists, and tables, are considered integral parts
of this form.
Person signing this Report on Behalf of Reporting Manager:
Name: Robert Dean
Title: Sr. Vice President and Director of Risk Management
Phone: 703-312-9716
Signature, Place, and Date of Signing:
/s/ Robert Dean
Robert Dean Arlington, VA November 25, 2008
Report Type (Check only one.):
( X ) 13F/A HOLDINGS REPORT
( ) 13F NOTICE.
( ) 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934
FORM 13F/A SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 216
Form 13F Information Table Value Total: $ 1,147,556,377
List of Other Included Managers:
No: Name
1) FBR Fund Advisers, Inc.
Title VALUE SHARES SH/ PUT/ INV OTH VOTING
NAME OF ISSUER Clas CUSIP x$1000 PRN/AMT PRN CALL DISC MGR AUTH
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Alliant Energy Corp com 018802108 869 26975 sh sh-def 1 26975
Amazon.Com Inc com 023135106 255 3500 sh sh-def 1 3500
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Constellation Energy com 210371100 587 24150 sh sh-def 1 24150
Corning com 219350105 174 11125 sh sh-def 1 11125
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Hana Biosciences Inc com 40963P105 56 93551 sh sh-def 1 93551
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Intel Corp com 458140100 499 26650 sh sh-def 1 26650
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Merck & Company Inc com 589331107 242 7675 sh sh-def 1 7675
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Monarch Casino/Resort com 609027107 11299 992000 sh sh-def 1 992000
Motorola Inc com 620076109 150 20950 sh sh-def 1 20950
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National City Corp com 635405103 343 196000 sh sh-def 1 196000
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Williams Cos Inc com 969457100 8198 346650 sh sh-def 1 346650
Wintrust Fin'L Corp com 97650W108 677 23070 sh sh-def 1 23070
Wisconsin Energy Corp com 976657106 1384 30825 sh sh-def 1 30825
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