SPC Bank of America Accelerated Return Note Linked TO The S&P 500 Index

CUSIP No. 84762L105 13G/A Page 2 of 8 Pages


---------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 GLG Partners LP
-----------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS)
 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 United Kingdom
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 0
SHARES ________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY ________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING ________________________________________________________

PERSON WITH: (8) SHARED DISPOSITIVE POWER
 0
-----------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
-----------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 [ ]
-----------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.0%
-----------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 PN
-----------------------------------------------------------------------

CUSIP No. 84762L105 13G/A Page 3 of 8 Pages


-----------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 GLG Partners Limited
-----------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS)
 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

 United Kingdom
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 0
SHARES ________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY ________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING ________________________________________________________

PERSON WITH: (8) SHARED DISPOSITIVE POWER
 0
-----------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
-----------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 [ ]
-----------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.0%
-----------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 IA, HC
-----------------------------------------------------------------------

CUSIP No. 84762L105 13G/A Page 4 of 8 Pages


-----------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 GLG Partners, Inc.
-----------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (SEE INSTRUCTIONS)
 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware
-----------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 0
SHARES ________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY ________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING ________________________________________________________

PERSON WITH: (8) SHARED DISPOSITIVE POWER
 0
-----------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
-----------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 [ ]
-----------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.0%
-----------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 CO
-----------------------------------------------------------------------

CUSIP No. 84762L105 13G/A Page 5 of 8 Pages


This Amendment No. 1 (this "Amendment") amends the statement on Schedule 13G
filed on June 6, 2007 (as amended, the "Schedule 13G") with respect to shares of
Common Stock, par value $0.01 per share (the "Shares") of Spectrum Brands, Inc.,
a Wisconsin corporation (the "Company"). Capitalized terms used herein and not
otherwise defined in this Amendment have the meanings set forth in the Schedule
13G. This Amendment amends and restates Items 2(a), 2(b), 2(c), 4, 5 and 10 in
their entirety as set forth below.

Item 2(a). Name of Person Filing

 This statement is filed by the entities and persons listed below, who
 are collectively referred to herein as "Reporting Persons," with
 respect to the Shares:

 INVESTMENT MANAGER

 (i) GLG Partners LP (the "Investment Manager"), with respect to
 the Shares held by certain funds to which the Investment
 Manager serves as investment manager (the "GLG Funds").

 GENERAL PARTNER

 (ii) GLG Partners Limited (the "General Partner"), which serves as
 the general partner of the Investment Manager, with respect to
 the Shares held by each of the GLG Funds.

 PARENT COMPANY

 (iii) GLG Partners, Inc. (the "Parent Company"), which indirectly
 wholly owns the General Partner, with respect to the Shares
 held by each of the GLG Funds.

 The Investment Manager serves as the investment manager to each of the
 GLG Funds. The General Partner serves as the general partner to the
 Investment Manager. The Parent Company indirectly wholly owns the
 General Partner.

 On November 2, 2007, the General Partner, the Investment Manager and
 certain additional entities were directly or indirectly acquired by
 the Parent Company (formerly named Freedom Acquisition Holdings,
 Inc.). The Parent Company is publicly listed on the New York Stock
 Exchange under the ticker symbol GLG.

Item 2(b). Address of Principal Business Office or, if none, Residence

 The address of the principal business office of the Parent Company is:

 390 Park Avenue, 20th Floor
 New York, New York 10022

 The address of the principal business office of each of the other
Reporting Persons is:

 c/o GLG Partners LP
 1 Curzon Street
 London W1J 5HB
 United Kingdom

Item 2(c). Citizenship

CUSIP No. 84762L105 13G/A Page 6 of 8 Pages


 Citizenship is set forth in Row 4 of the cover page for each Reporting
 Person hereto and is incorporated herein by reference for each such
 Reporting Person.


Item 4. Ownership

 Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

 The information required by Items 4(a) - (c) is set forth in Rows 5 -
 11 of the cover page for each Reporting Person hereto and is
 incorporated herein by reference for each such Reporting Person. Based
 upon the Company's Annual Report filed on Form 10-K for the fiscal year
 ended September 30, 2007, the Company had 52,927,968 Shares outstanding
 as of December 4, 2007.

 The Investment Manager, which serves as the investment manager to each
 of the GLG Funds, may be deemed to be the beneficial owner of all
 Shares owned by the GLG Funds. The Investment Manager exercises its
 investment authority directly or indirectly through various entities,
 including, without limitation, GLG Inc. The General Partner, as general
 partner to the Investment Manager, may be deemed to be the beneficial
 owner of all Shares owned by the GLG Funds. Each of Emmanuel Roman,
 Pierre Lagrange and Noam Gottesman are Managing Directors of the
 General Partner. The Parent Company, which indirectly wholly owns the
 General Partner, may be deemed to be the beneficial owner of all Shares
 owned by the GLG Funds. Each of the Investment Manager, the General
 Partner, the Parent Company, GLG Inc., Emmanuel Roman, Pierre Lagrange
 and Noam Gottesman hereby disclaims any beneficial ownership of any
 such Shares, except for their pecuniary interest therein.


Item 5. Ownership of Five Percent or Less of a Class

 If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [X]


Item 10. Certification

 By signing below each of the undersigned certifies that, to the best of
its knowledge and belief, the securities referred to above 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.

Exhibits:

Exhibit I: Joint Filing Agreement, dated as of February 14, 2008, by and among
GLG Partners, Inc., GLG Partners LP and GLG Partners Limited.

CUSIP No. 84762L105 13G/A Page 7 of 8 Pages


 SIGNATURES

 After reasonable inquiry and to the best of its knowledge and belief,
each of the undersigned certifies that the information with respect to it set
forth in this statement is true, complete, and correct.

Dated: February 14, 2008



GLG PARTNERS LP
 Individually and in its capacity as Investment Manager

GLG PARTNERS LIMITED
 Individually and in its capacity as General Partner of GLG Partners LP

 By: /s/ TIMOTHY KUSCHILL
 -----------------------------------
 Timothy Kuschill
 Counsel of GLG Partners LP

 By: /s/ VICTORIA PARRY
 -----------------------------------
 Victoria Parry, Attorney-in-Fact
 On behalf of Emmanuel Roman, Managing Director, GLG Partners Limited





GLG PARTNERS, INC.

 By: /s/ ALEJANDRO R. SAN MIGUEL
 -----------------------------------
 Name: Alejandro R. San Miguel
 Title: General Counsel and Corporate Secretary

The Power of Attorney, dated January 14, 2008, executed by Emmanuel Roman,
authorizing Victoria Parry to sign and file this Schedule 13G/A on Emmanuel
Roman's behalf, which was filed with the Schedule 13G/A filed with the
Securities and Exchange Commission on February 14, 2008 by such Reporting
Persons with respect to the common stock of American Oil & Gas, Inc., is hereby
incorporated by reference.

CUSIP No. 84762L105 13G/A Page 8 of 8 Pages


 EXHIBIT I

 JOINT FILING AGREEMENT

This will confirm the agreement by and among the undersigned that the Schedule
13G filed with the Securities and Exchange Commission on or about the date
hereof with respect to the beneficial ownership by the undersigned of the Shares
is being filed, and all amendments thereto will be filed, on behalf of each of
the persons and entities named below in accordance with Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

Dated as of February 14, 2008



GLG PARTNERS LP
 Individually and in its capacity as Investment Manager

GLG PARTNERS LIMITED
 Individually and in its capacity as General Partner of GLG Partners LP

 By: /s/ TIMOTHY KUSCHILL
 -----------------------------------
 Timothy Kuschill
 Counsel of GLG Partners LP

 By: /s/ VICTORIA PARRY
 -----------------------------------
 Victoria Parry, Attorney-in-Fact
 On behalf of Emmanuel Roman, Managing Director, GLG Partners Limited



GLG PARTNERS, INC.

 By: /s/ ALEJANDRO R. SAN MIGUEL
 -----------------------------------
 Name: Alejandro R. San Miguel
 Title: General Counsel and Corporate Secretary