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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*


                                  CONN'S, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    208242107
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2006
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] 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).

                                     Page 1

CUSIP No. 208242107 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GAM Holding AG ------------------- - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ............................................................. (b) ............................................................. 3. SEC Use Only 4. Citizenship or Place of Organization Switzerland ----------- Number of 5. Sole Voting Power Shares Beneficially 6. Shared Voting Power Owned by 1,880,000 Each Reporting ---------- Person With* 7. Sole Dispositive Power 8. Shared Dispositive Power 1,880,000 --------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,880,000 ------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 7.92% --------- 12. Type of Reporting Person (See Instructions) HC ---- *GAM Holding AG disclaims beneficial ownership of such securities. Item 1. (a) Name of Issuer Conn's, Inc. -------------- (b) Address of Issuer's Principal Executive Offices 3295 College Street, Beaumont, Texas 77701 Page 2

Item 2. (a) Name of Person Filing GAM Holding AG -------------- Address of Principal Business Office or, if none, Residence (b) Klaustrasse 10, 8008 Zurich, Switzerland ---------------------------------------- (c) Citizenship Switzerland ------------ (d) Title of Class of Securities Common Stock -------------- (e) CUSIP Number 208242107 ---------- Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: [ ] (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). [ ] (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). [ ] (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). [ ] (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). [ ] (e) An investment adviser in accordance withss.240.13d-1(b)(1)(ii)(E); [ ] (f) An employee benefit plan or endowment fund in accordance withss.240.13d-1(b)(1)(ii)(F); [ ] (g) A parent holding company or control person in accordance withss.240.13d-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 (15 U.S.C. 80a-3); [ ] (j) Group, in accordance withss.240.13d-1(b)(1)(ii)(J). Page 3

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. (a) Amount beneficially owned: 1,880,000 --------- (b) Percent of class: 7.92% ----- (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 1,880,000 ----------- (iii) Sole power to dispose or to direct the disposition of ----------- (iv) Shared power to dispose or to direct the disposition of 1,880,000 ---------- 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 [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. GAM International Management Limited GAM London Ltd. Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable Page 4

Item 10. Certification The following certification shall be included if the statement is filed pursuant to ss.240.13d-1(c): By signing below I certify that, to the best of my 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. 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. 01/10/07 -------------------------------- Date /s/Hans De Gier -------------------------------- Signature Hans De Gier, Chairman of the Board -------------------------------- Name/Title 01/10/07 -------------------------------- Date /s/ David Solo -------------------------------- Signature David Solo, Director -------------------------------- Name/Title 01/10/07 -------------------------------- Date /s/ Bernard Hodler -------------------------------- Signature Bernard Hodler, Director --------------------------------- Name/Title Page 5