Schedule 13D/A as filed March 7, 2008
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934

                               (Amendment No. 7)*

                                   Foxby Corp.
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                                (Name of Issuer)
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                                  Common Stock
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                         (Title of Class of Securities)

                                    003009107
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                                 (CUSIP Number)

                                 Gregg T. Abella
                   Investment Partners Asset Management, Inc.
                                1 Highland Avenue
                           Metuchen, New Jersey 08840
                                  732-205-0391

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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                 Communications)

                                  March 5, 2008

             (Date of Event which Requires Filing of this Statement

If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  which is the subject of this  Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e),  240.13d-1(f) or 240.13d-1(g),  check
the following box [ ].

Note:  Schedules  filed in paper format shall include a signed original and five
copies of the schedule,  including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

*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
disclosures provided in a prior cover page.

The Information required on 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).



Cusip No. 003009107
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1     NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Investment Partners Asset Management, Inc.
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2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP         (a) [ ]
                                                               (b) [ ]
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3     SEC USE ONLY
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4     SOURCE OF FUNDS  OO
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5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
      IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                   [ ]
- - ----- ------------------------------------------------------------------
6     CITIZENSHIP OR PLACE OF ORGANIZATION
      Investment Partners Asset Management, Inc. is organized under the
      laws of Delaware.
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                      7     SOLE VOTING POWER

                                  68,873
                      -----------------------------------------------------
NUMBER OF             8     SHARED VOTING POWER
SHARES
BENEFICIALLY                      0
OWNED BY              -----------------------------------------------------
EACH                  9     SOLE DISPOSITIVE POWER
REPORTING
PERSON                            68,873
                      ----------------------------------------------------
                      10    SHARED DISPOSITIVE POWER

                                  177,629
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11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            246,502
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12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
     SHARES   [ ]
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13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
            9.47%
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14    TYPE OF REPORTING PERSON
            IA
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Item 1. Security and Issuer

     Foxby Corp. is located at 11 Hanover Square, NY, NY 10005.



Item 2. Identity and Background

     (a) Investment  Partners Asset Management,  Inc. is a corporation formed in
the State of Delaware.



     (b) The principal  place of business of the reporting  person is 1 Highland
Avenue, Metuchen, NJ.


     (c) Investment Advisor



     (d) None


     (e) None


     (f) Delaware



Item 3. Source and Amount of Funds or Other Consideration

     Client assets.


Item 4. Purpose of Transaction

     The purpose of  acquisition is  investment.  The reporting  person may from
time to time recommend  actions to the issuer's board of directors or management
for the purpose of increasing the market value of the issuer's shares generally.
A copy of a letter to the issuer's board of directors for this purpose,  sent on
March 5, 2008, is attached as an exhibit hereto.


Item 5. Interest in Securities  of the Issuer a) The reporting  person  believes
that the number of shares of the issuer that are  outstanding is 2,610,049 as of
March 5, 2008. As of March 5, 2008,  the  reporting  person may have been deemed
the beneficial  owner of 246,502  Shares,  or  approximately  9.44% of the total
number of Shares outstanding.


b) The reporting  person has sole power to vote 68,873 shares held by one of its
clients,  sole dispositive  power for 68,873 shares,  shared voting power for no
shares and shared dispositive power for 177,629 shares.


c) Clients of the reporting  person  purchased the following number of shares in
the past 60 days on the  American  Stock  Exchange,  through an ECN,  or through
re-investment of a dividend:

At the following prices:

Trade date  No. of Shares         Execution Price


1-11-2008   1689                  $2.89       (reinvested dividend)


There were no sales of the Issuer.

(d)         Clients of the Reporting Person are entitled to receive
all dividends, distributions and proceeds of sale.

(e)         Not Applicable

Item 6.    Contracts, Arrangements, Understandings, or Relationships with
           Respect to Securities of the Issuer

           None

Item 7.    Material to be Filed as Exhibits

           Letter

                                   SIGNATURES


     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.

Dated as of March 5, 2008






                                Investment Partners Asset Management, Inc.

                                         By: /s/ Gregg T. Abella
                                             --------------------------
                                             Name:  Gregg T. Abella
                                             Title: Officer