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 *
  Visium Asset Management, LP
2. Date of Event Requiring Statement (Month/Day/Year)
09/14/2007
3. Issuer Name and Ticker or Trading Symbol
OSCIENT PHARMACEUTICALS CORP [OSCI]
(Last)
(First)
(Middle)
950, THIRD AVENUE
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, NY 10022
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)

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
OSCI 3 1/2 4/11 Convertible Debt 05/10/2004 04/15/2011 Common Stock 1,777,778 $ 13.5 I See Footnote (1)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Visium Asset Management, LP
950
THIRD AVENUE
NEW YORK, NY 10022
    X    
Jacob Gottlieb
C/O VISIUM ASSET MANAGEMENT, LP
950 THIRD AVENUE
NEW YORK, NY 10022
    X    
JG ASSET, LLC
C/O VISIUM ASSET MANAGEMENT, LP
950 THIRD AVENUE
NEW YORK, NY 10022
    X    

Signatures

/s/ MARK GOTTLIEB, AUTHORIZED SIGNATORY FOR VISIUM ASSET MANAGEMENT L.P. 11/08/2007
**Signature of Reporting Person Date

/s/ MARK GOTTLIEB, AUTHORIZED FOR JG ASSET, LLC 11/08/2007
**Signature of Reporting Person Date

/s/ MARK GOTTLIEB, AUTHORIZED REPRESENTATIVE AND EXECUTIVE OFFICER OF VISIUM ASSET MANAGEMENT, LP FOR JACOB GOTTLIEB 11/08/2007
**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) Jacob Gottlieb ("Gottlieb") is the Managing Member of JG Asset, LLC ("JG") which is the General Partner of Visium Asset Management, LP ("VAM"). VAM has indirect beneficial ownership as the investment manager of pooled investment vehicles. VAM, JG and Gottlieb disclaim beneficial ownership as to the Securities, except to the extent of his or its pecuniary interests therein. Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of the other individual officers and members of VAM or JG is, for any purpose, the beneficial owner of any of the Securities.

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

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