Edgar Filing: FAMOUS DAVES OF AMERICA INC

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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 ^*

Â VICUNA ADVISERS LLC

2. Date of Event Requiring Statement (Month/Day/Year)
03/11/2008

3. Issuer Name and Ticker or Trading Symbol
FAMOUS DAVES OF AMERICA INC [DAVE:US]

(Last)

(First)

(Middle)

230 PARK AVENUE,Â 7TH FLOOR

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

NEW YORK,Â NYÂ 10169

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 par value ("Common Stock") ⁽¹⁾	982,733	I	As investment adviser to investment partnerships that own the Common Stock.
Common Stock ⁽¹⁾	982,733	I	As general partner of investment partnerships that own the Common Stock.
Common Stock ⁽¹⁾	982,733	I	As Managing Member of Advisors and Partners. ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
VICUNA ADVISERS LLC 230 PARK AVENUE 7TH FLOOR NEW YORK,Â NYÂ 10169	Â	Â X	Â	Â
VICUNA PARTNERS LLC 230 PARK AVENUE 7TH FLOOR NEW YORK,Â NYÂ 10169	Â	Â X	Â	Â
WELCH JOSHUA G 230 PARK AVENUE 7TH FLOOR NEW YORK,Â NYÂ 10169	Â	Â X	Â	Â

Signatures

(See Remarks)		03/12/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	This Form 3 is being filed jointly by Vicuna Advisors LLC, a Delaware limited liability company ("Advisors"), Vicuna Partners LLC, a Delaware limited liability company ("Partners"), and Joshua G. Welch (collectively, the "Reporting Persons"). Advisors is the investment adviser to, and Partners is the general partner of, investment partnerships that own the Common Stock. Welch is the Managing Member of Advisors and Partners. The filing of this statement is not an admission by any Reporting Person that such Reporting Person and any other Reporting Person or any other person constitute a "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, or Rule 13d-5 thereunder or that any Reorting Person is the beneficial owner of any securities owned by any other Reporting Person or any other person.
(2)	As Managing Member of Vicuna Advisors LLC, the investment adviser to investment partnerships that own the Common Stock, and as Managing Member of Vicuna Partners LLC, the general partner of investment partnerships that own the Common Stock.
Â Remarks: VICUNAÂ ADVISORSÂ LLC By:Â Â /s/Â JoshuaÂ G.Â Welch Â Â Â Â Â ------------------------------------------------------ Â Â Â Â Â JoshuaÂ G.Â Welch,Â ManagingÂ Member VICUNAÂ PARTNERSÂ LLC By:Â Â /s/Â JoshuaÂ G.Â Welch Â Â Â Â Â ------------------------------------------------------ Â Â Â Â Â JoshuaÂ G.Â Welch,Â ManagingÂ Member Â Â Â Â Â Â /s/Â JoshuaÂ G.Â Welch Â Â Â Â Â ------------------------------------------------------ Â Â Â Â Â JoshuaÂ G.Â Welch

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