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

CUSIP No. 84762L105 13G/A Page 2 of 11 Pages

-----------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Adage Capital Partners, L.P.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [ ]
 (b) [X]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY
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 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES --------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 3,824,486
OWNED BY --------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING --------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 3,824,486
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 3,824,486
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 7.2%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 84762L105 13G/A Page 3 of 11 Pages

----------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Adage Capital Partners GP, L.L.C.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [ ]
 (b) [X]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES --------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 3,824,486
OWNED BY --------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING --------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 3,824,486
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 3,824,486
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 7.2%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 OO
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 84762L105 13G/A Page 4 of 11 Pages

----------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Adage Capital Advisors, L.L.C.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [ ]
 (b) [X]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES --------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 3,824,486
OWNED BY --------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING --------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 3,824,486
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 3,824,486
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 7.2%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 OO
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 84762L105 13G/A Page 5 of 11 Pages

----------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Robert Atchinson
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [ ]
 (b) [X]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES --------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 3,824,486
OWNED BY --------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING --------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 3,824,486
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 3,824,486
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 7.2%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 IN
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 84762L105 13G/A Page 6 of 11 Pages

----------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Phillip Gross
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [ ]
 (b) [X]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES --------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 3,824,486
OWNED BY --------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING --------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 3,824,486
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 3,824,486
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 7.2%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 IN
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 84762L105 13G/A Page 7 of 11 Pages


Item 1(a). Name of Issuer:

 The name of the issuer is Spectrum Brands, Inc. (the "Company").

Item 1(b). Address of Issuer's Principal Executive Offices:

 The Company's principal executive offices are located at Six Concourse
Parkway, Suite 3300, Atlanta, Georgia 30328.


Item 2(a). Name of Person Filing:

 This statement is filed by:

 (i) Adage Capital Partners, L.P., a Delaware limited partnership
 ("ACP"), with respect to the shares of Common Stock directly
 owned by it;
 (ii) Adage Capital Partners GP, L.L.C., a limited liability company
 organized under the laws of the State of Delaware ("ACPGP"), as
 general partner of ACP with respect to the shares of Common Stock
 directly owned by ACP;
 (iii) Adage Capital Advisors, L.L.C., a limited liability company
 organized under the laws of the State of Delaware ("ACA"), as
 managing member of ACPGP, general partner of ACP, with respect to
 the shares of Common Stock directly owned by ACP;
 (iv) Phillip Gross ("Mr. Gross"), as managing member of ACA, managing
 member of ACPGP, general partner of ACP with respect to the
 shares of Common Stock directly owned by ACP; and (v) Robert
 Atchinson ("Mr. Atchinson"), as managing member of ACA, managing
 member of ACPGP, general partner of ACP with respect to the
 shares of Common Stock directly owned by ACP.

 The foregoing persons are hereinafter collectively referred to as
 the "Reporting Persons." Any disclosures herein with respect to
 persons other than the Reporting Persons are made on information and
 belief after making inquiry to the appropriate party.

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

 The address of the business office of each of the Reporting Persons is 200
Clarendon Street, 52nd Floor, Boston, Massachusetts 02116.

Item 2(c). Citizenship:

 ACP is a limited partnership organized under the laws of the State of
Delaware. ACPGP and ACA are limited liability companies organized under the laws
of the State of Delaware. Messrs. Gross and Atchinson are citizens of the United
States.

Item 2(d). Title of Class of Securities:

 Common Stock, $0.01 par value (the "Common Stock")

CUSIP No. 84762L105 13G/A Page 8 of 11 Pages


Item 2(e). CUSIP Number:

 84762L105


Item 3. If this statement is filed pursuant to Rules 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) [ ] Investment Adviser in accordance with
 Rule 13d-1(b)(1)(ii)(E),

 (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
 13d-1(b)(1)(ii)(F),

 (g) [ ] Parent Holding Company or control person in accordance
 with Rule 13d-1(b)(1)(ii)(G),

 (h) [ ] Savings Association as defined in Section 3(b) of the
 Federal Deposit Insurance Act,

 (i) [ ] 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).

 If this statement is filed pursuant to 13d-1(c), check this box: [x]

Item 4. Ownership.

 A. Adage Capital Partners, L.P., Adage Capital Partners GP, L.L.C. and
Adage Capital Advisors, L.L.C.
 (a) Amount beneficially owned: 3,824,486
 (b) Percent of class: 7.2% The percentages used herein and in the
 rest of Item 4 are based on 52,927,968 shares of Common Stock
 reported to be outstanding as of December 4, 2006, as reflected
 in the Form 10-K filed by the Company on December 14, 2007.
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 3,824,486
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 3,824,486

CUSIP No. 84762L105 13G/A Page 9 of 11 Pages

 ACP has the power to dispose of and the power to vote the shares of Common
 Stock beneficially owned by it, which power may be exercised by its general
 partner, ACPGP. ACA, as managing member of ACPGP, directs ACPGP's
 operations. Neither ACPGP nor ACA own directly any shares of Common Stock.
 By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of
 1934 (the "Act"), ACPGP and ACA may be deemed to own beneficially the
 shares owned by ACP.

 B. Robert Atchinson and Phillip Gross
 (a) Amount beneficially owned: 3,824,486
 (b) Percent of class: 7.2%
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 3,824,486
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 3,824,486

 Messrs. Atchinson and Gross, as managing members of ACA, have shared
power to vote the Common Stock beneficially owned by ACP. Neither Mr. Atchinson
nor Mr. Gross directly own any shares of Common Stock. By reason of the
provisions of Rule 13d-3 of the Act, each may be deemed to beneficially own the
shares beneficially owned by ACP.

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.

 ACPGP, the general partner of ACP, has the power to direct the affairs of
ACP, including decisions respecting the disposition of the proceeds from the
sale of the shares. Messrs. Atchinson and Gross are the Managing Members of ACA,
the managing member of ACPGP, and in that capacity direct ACPGP's operations.

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.

CUSIP No. 84762L105 13G/A Page 10 of 11 Pages


Item 9. Notice of Dissolution of Group.

 Not applicable.

Item 10. Certification.

 Each of the Reporting Persons hereby makes the following certification:

 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.

CUSIP No. 84762L105 13G/A Page 11 of 11 Pages


 SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.


DATED: February 11, 2007

 ADAGE CAPITAL PARTNERS, L.P.

 By: Adage Capital Partners GP, L.L.C.,
 its general partner
 By: Adage Capital Advisors, L.L.C.,
 its managing member

 /s/ ROBERT ATCHINSON
 ---------------------------------------
 Name: Robert Atchinson
 Title: Managing Member


 ADAGE CAPITAL PARTNERS GP, L.L.C.
 By: Adage Capital Advisors, L.L.C.,
 its managing member

 /s/ ROBERT ATCHINSON
 ---------------------------------------
 Name: Robert Atchinson
 Title: Managing Member


 ADAGE CAPITAL ADVISORS, L.L.C.

 /s/ ROBERT ATCHINSON
 ---------------------------------------
 Name: Robert Atchinson
 Title: Managing Member


 ROBERT ATCHINSON

 /s/ ROBERT ATCHINSON
 ---------------------------------------
 ROBERT ATCHINSON, individually


 PHILLIP GROSS

 /s/ PHILLIP GROSS
 ---------------------------------------
 PHILLIP GROSS, individually