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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Regency Acquisition LP
   2. Issuer Name and Ticker or Trading Symbol
Regency Energy Partners LP [RGNC] 		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)
1700 PACIFIC, SUITE 2900		 3. Date of Earliest Transaction (Month/Day/Year)
03/06/2006
(Street)

DALLAS, TX 75201		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 Units 03/16/2006   J(1)   467,641 D (1) 4,856,255 D  
Common Units 03/20/2006   J(3)   1,400,000 D $ 18.6875 3,456,255 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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
Subordinated Units (2) 03/20/2006   J(1)     2,404,434   (2)   (2) Common Units 2,404,434 (2) 16,699,462 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Regency Acquisition LP
1700 PACIFIC, SUITE 2900
DALLAS, TX 75201		     X    
Regency Holdings LLC
1700 PACIFIC, SUITE 2900
DALLAS, TX 75201		     X    
HMTF Regency LP
1700 PACIFIC, SUITE 2900
DALLAS, TX 75201		     X    
HMTF Regency, L.L.C.
1700 PACIFIC, SUITE 2900
DALLAS, TX 75201		     X    
Hicks, Muse, Tate & Furst Equity Fund V, L.P.
1700 PACIFIC, SUITE 2900
DALLAS, TX 75201		     X    
HM5/GP, LLC
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   03/20/2006
**Signature of Reporting Person Date
 REGENCY HOLDINGS LLC By: /s/ David W. Knickel, Vice President   03/20/2006
**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   03/20/2006
**Signature of Reporting Person Date
 HMTF REGENCY, L.L.C., By: /s/ David W. Knickel, Vice President   03/20/2006
**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   03/20/2006
**Signature of Reporting Person Date
 HM5/GP LLC, By: /s/ David W. Knickel, Vice President   03/20/2006
**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) A distribution was made of 497,641 common units and 2,404,434 subordinated units of the Issuer (a) by Regency Acquisition LP to HMTF Regency, L.P. (on account of HMTF Regency, L.P.'s (i) 99.999% direct interest in Regency Acquisition LP and (ii) indirect .001% interest in Regency Acquisition LP held by Regency Holdings LLC, which is wholly owned by HMTF Regency, L.P.), and (b) by HMTF Regency, L.P., pro rata to the holders of Class E Units of HMTF Regency, L.P.
(2) 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 forth in the Issuer's 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 and subordinated units. The subordinated units have no expiration date.
(3) Pursuant to a redemption by Issuer.
 
Remarks:
This Form 4 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 ( "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 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 person's 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. The information
set forth in Items 1, 2 and 4 on this Form 4 is the same for each filing person.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.