UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
DCP Midstream Partners LP
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(Name of Issuer)
Common Units representing limited partnership interests
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(Title of Class of Securities)
23311P100
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(CUSIP Number)
December 31, 2006
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP NO. 23311P100
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Fiduciary Asset Management, LLC. EIN 43-1912968
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Missouri
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5 SOLE VOTING POWER
NUMBER OF -----------------------------------------------------------------
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 971,640 (See Item 4)
OWNED BY -----------------------------------------------------------------
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER 971,640 (See Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
971,640 (See Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.38 %
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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Item 1
(a) Name of Issuer: DCP Midstream Partners, LP
(b) Address of Issuer's Principal Executive Offices
370 17th Street, Suite 2775
Denver, CO 80202
Item 2 (a)-(c) This statement is filed on behalf of the following:
(a) This 13G is being filed by Fiduciary Asset Management,L.L.C.
(b) The principal business address is 8112 Maryland Avenue,
Suite 400, St. Louis, MO 63105.
(c) FAMCO is a Missouri Limited Liability Company.
(d) Title of Class of Securities:
Common Units representing limited partnership interests
(e) CUSIP Number:
23311P100
Item 3. If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c),
check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940
(e) [X ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Fiduciary Asset Management, LLC. acts as an investment sub-advisor to
certain closed-end investment companies registered under the Investment Company
Act of 1940 as well as to private individuals. FAMCO by virtue of investment
advisory agreements with these clients has all investment and voting power over
securities owned of record by these clients. However, despite their delegation
of investment and voting power to FAMCO, these clients may be deemed to be the
beneficial owners under Rule 13d-3 of the Act of the securities they own of
record because they have the right to acquire investment and voting power
through termination of their investment advisory agreement with FAMCO. Thus,
FAMCO has reported that it shares voting power and dispositive power over the
securities owned of record by these clients. FAMCO may be deemed the
beneficial owner of the securities covered by this statement under Rule 13d-3
of the Act. None of the securities listed below are owned of record by FAMCO
and FAMCO disclaims any beneficial interest in the shares.
A. Fiduciary Asset Management, L.L.C.
(a) Amount beneficially owned:
971,640
(b) Percent of class:
9.38%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(ii) Shared power to vote or to direct the vote:
971,640
(iii) Sole power to dispose or to direct the disposition of:
(iv) Shared power to dispose or to direct the disposition of:
971,640
B. Fiduciary/Claymore MLP Opportunity Fund
Fiduciary/Claymore MLP Opportunity Fund, a Delaware Statutory Trust - FMO,
with its principal business office at 2455 Corporate West Drive, Lisle, IL
60532 is a registered, non-diversified, closed-end management Investment
Company under the Investment Company Act of 1940, as amended.
(a) Amount beneficially owned:
548,775
(b) Percent of class:
5.30%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(ii) Shared power to vote or to direct the vote:
548,775
(iii) Sole power to dispose or to direct the disposition of:
(iv) Shared power to dispose or to direct the disposition of:
548,775
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Fiduciary Asset Management,The investment companies and individuals discussed
in item 4 above have the right to receive all dividends from and the proceeds
from the sale of the securities held in their respective accounts. Except for
FMO, the interest of any one person does not exceed 5% of the class of
securities.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of a Group
Not Applicable
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: January 10, 2007
Fiduciary Asset Management, L.L.C.
By: /s/ Patricia L. Boyd
Treasurer and Controller
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