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 *
Jefferies High Yield Trading, LLC
   2. Issuer Name and Ticker or Trading Symbol
RAM ENERGY RESOURCES INC [RAME] 		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)
THE METRO CENTER, ONE STATION PLACE, THREE NORTH		 3. Date of Earliest Transaction (Month/Day/Year)
12/01/2008
(Street)

STAMFORD, CT 06902		 4. If Amendment, Date Original Filed(Month/Day/Year)
12/03/2008		 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 12/01/2008   P   27,400 (1) A $ 0.8948 (2) 16,307,350 (3) D  
Common Stock 12/02/2008   P   355,400 (4) A $ 0.8857 (5) 16,662,750 (6) D  
Common Stock 12/03/2008   P   57,360 (7) A $ 0.8981 (8) 16,720,110 (9) D  

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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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Jefferies High Yield Trading, LLC
THE METRO CENTER
ONE STATION PLACE, THREE NORTH
STAMFORD, CT 06902		     X    
JEFFERIES & COMPANY, INC.
520 MADISON AVE. 12TH FL.
NEW YORK, NY 10022		     X    
Jefferies High Yield Holdings, LLC
THE METRO CENTER, ONE STATION PLACE
THREE NORTH
STAMFORD, CT 06902		     X    
JEFFERIES GROUP INC /DE/
520 MADISON AVENUE
12TH FLOOR
NEW YORK, NY 10022		     X    

Signatures

 /s/ Roland T. Kelly, Authorized Person   02/03/2009
**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) 23,926 shares acquired by Jefferies High Yield Trading and 3,474 shares acquired by Jefferies & Company.
(2) Weighted average price based on the following transactions: 2,656 at $0.8801; 200 at $0.8851; 400 at $0.8876; 7,262 at $0.89; 122 at $0.8901; 1,200 at $0.895; 400 at $0.8976; 1,739 at $0.8997; and 13,421 at $0.9.
(3) Represents 14,240,059 shares held by Jefferies High Yield Trading and 2,067,291 shares held by Jefferies & Company.
(4) 310,346 shares acquired by Jefferies High Yield Trading and 45,054 shares acquired by Jefferies & Company.
(5) Weighted average price based on the following transactions: 53 at $0.8654; 700 at $0.8663; 100 at $0.8664; 113,764 at $0.87; 500 at $0.8701; 1,100 at $0.8742; 100 at $0.8792; 600 at $0.8799; 40,909 at $0.88; 800 at $0.8899; 17,123 at $0.89; 600 at $0.894; 100 at $0.8951; 100 at $0.8985; 100 at $0.899; 300 at $0.8995; and 165,600 at $0.9.
(6) Represents 14,550,405 shares held by Jefferies High Yield Trading and 2,112,345 shares held by Jefferies & Company.
(7) 50,088 shares acquired by Jefferies High Yield Trading and 7,272 shares acquired by Jefferies & Company.
(8) Weighted average price based on the following transactions: 400 at $0.8800; 5,100 at $0.8900; 4,600 at $0.8901; 300 at $0.8903; 100 at $0.8950; and 46,860 at $0.9.
(9) Represents 14,600,493 shares held by Jefferies High Yield Trading and 2,119,617 shares held by Jefferies & Company.
 
Remarks:
Original Form 4 was filed incorrectly under issuer CIK 0001084580 (JEF).  This amendment relates to the original Form 4 filed on December 3, 2008.

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