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 *
  Regency Acquisition LP
 2. Date of Event Requiring Statement (Month/Day/Year)
02/03/2006		 3. Issuer Name and Ticker or Trading Symbol
Regency Energy Partners LP [RGNC]
(Last)
(First)
(Middle)
1700 PACIFIC, SUITE 2900		 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)

DALLAS, TX 75201		 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 Units 5,353,896
D
 

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
Subordinated Units   (1)   (1) Common Units 19,103,896 $ (1) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Regency Acquisition LP
1700 PACIFIC, SUITE 2900
DALLAS, TX 75201		     X    
HMTF Regency LP
1700 PACIFIC, SUITE 2900
DALLAS, TX 75201		     X    
Regency Holdings LLC
1700 PACIFIC, SUITE 2900
DALLAS, TX 75201		     X    
HMTF Regency, L.L.C.
1700 PACIFIC, SUITE 2900
DALLAS, TX 75201		     X    

Signatures

REGENCY ACQUISITION LP By: Regency Holdings LLC, its general partner, By: /s/ David W. Knickel, Vice President 02/07/2006
**Signature of Reporting Person Date
REGENCY HOLDINGS LLC By: /s/ David W. Knickel, Vice President 02/07/2006
**Signature of Reporting Person Date
HMTF REGENCY, L.P. By: HMTF Regency, L.L.C., its general partner, By: /s/ David W. Knickel, Vice President 02/07/2006
**Signature of Reporting Person Date
HMTF REGENCY, L.L.C., By: /s/ David W. Knickel, Vice President 02/07/2006
**Signature of Reporting Person Date
HICKS, MUSE, TATE & FURST EQUITY FUND V, L.P. By: HM5/GP LLC, its general partner, By: /s/ David W. Knickel, Vice President 02/07/2006
**Signature of Reporting Person Date
HM5/GP LLC, By: /s/ David W. Knickel, Vice President 02/07/2006
**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) The Subordinated Units shall convert into Common Units on a one-for-one basis after December 31, 2006, upon satisfaction of the conditions for conversion set fort in the Issuers First Amended and Restated Agreement of Limited Partnership. The conditions are based on the amount of quarterly distributions by the Issuer with respect to its Common Units and Subordinated Units. The Subordinated Units have no expiration date.
 
Remarks:
This Form 3 is filed by each of Regency Acquisition LP (Acquisition); Regency Holdings LLC (Holdings); HMTF Regency, L.P. (HMTF Regency);
HMTF Regency, L.L.C. (HMTF GP); Hicks, Muse, Tate & Furst Equity Fund V, L.P. (Fund V); and HM5/GP LLC (the HM5/GP).  HM5/GP
is the general partner of Fund V, which is the sole member of HMTF GP, which is the general partner of HMTF Regency, which is the
sole member of Holdings, which is the general partner of Acquisition, which directly owns the Common Units and Subordinated Units reported
herein.  HMTF Regency also owns all of the limited partner interest in Acquisition.  Each reporting person, other than Acquisition,
disclaims beneficial ownership of these securities (except to the extent of such reporting persons indirect pecuniary interest
in such securities described above), and this report shall not be deemed an admission that such reporting person is the beneficial
owner of such securities for purposes of Section 16 or for any other purpose.

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