13F-HR/A 1 v132992_13fhra.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2008 ------------------ Check here if Amendment |X|; Amendment Number: 1 This Amendment (Check only one.): |_| is a restatement. |X| adds new holding entries. Institutional Investment Manager Filing this Report: Name: Brandes Investment Partners, L.P. -------------------------------------------------------------------- Address: 11988 El Camino Real, Suite 500 -------------------------------------------------------------------- San Diego, CA 92130 -------------------------------------------------------------------- Form 13F File Number: 28-5620 ---- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Adelaide Pund -------------------------------------------------------------------- Title: Head of Compliance -------------------------------------------------------------------- Phone: (858) 755-0239 -------------------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Adelaide Pund San Diego, CA 11/19/08 --------------------------------- ------------------------ ------------- [Signature] [City, State] [Date] Report type (Check only one.): |X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) |_| 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager (s).) |_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Report Summary: Number of Other Included Managers: 0 ------------------------------ Form 13F Information Table Entry Total: 214 ------------------------------ Form 13F Information Table Value Total: $ 28,062,469 ------------------------------ (thousands)

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 NAME OF ISSUER TITLE CUSIP VALUE SHRS OR SH/ PR/ INVESTMENT OTHER VOTING AUTHORITY OF CLASS (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ----------------------------------------------------------------------------------------------------------------------------------- AT&T INC COM 00206R102 356024 12751592 SH Sole 12751592 ADMINISTRADORA FONDOS PENSIO SPONSORED ADR 00709P108 728 29620 SH Sole 29620 AEGON NV NY REGISTRY SH 007924103 294482 33540078 SH Sole 33540078 ALCATEL-LUCENT SPONSORED ADR 13904305 345093 89867948 SH Sole 89867948 AMERICAN AXLE & MFG HLDGS IN COM 24061103 5744 1071634 SH Sole 1071634 AMERICAN EXPRESS CO COM 25816109 20599 581408 SH Sole 581408 AMERICAN GREETINGS CORP CL A 26375105 3699 241912 SH Sole 241912 AMERICAN INTL GROUP INC COM 26874107 88052 26442379 SH Sole 26442379 AMGEN INC COM 31162100 150588 2540714 SH Sole 2540714 ARVINMERITOR INC COM 043353101 16633 1275531 SH Sole 1275531 ASTRAZENECA PLC SPONSORED ADR 046353108 488582 11134501 SH Sole 11134501 AVIS BUDGET GROUP COM 053774105 5620 979173 SH Sole 979173 BB&T CORP COM 054937107 183608 4857367 SH Sole 4857367 BANK OF AMERICA CORPORATION COM 060505104 665951 19027175 SH Sole 19027175 BANK MONTREAL QUE COM 063671101 639 14800 SH Sole 14800 BANKATLANTIC BANCORP CL A 065908501 1201 146416 SH Sole 146416 BARCLAYS PLC ADR 06738E204 135655 5492126 SH Sole 5492126 BEARINGPOINT INC COM 074002106 705 1355007 SH Sole 1355007 BEAZER HOMES USA INC COM 07556Q105 2400 401400 SH Sole 401400 BIOVAIL CORP COM 09067J109 29841 3054355 SH Sole 3054355 BIOVAIL CORP COM 09067J109 2772 291890 SH Sole 291890 BORLAND SOFTWARE CORP COM 099849101 2480 1621220 SH Sole 1621220 BOSTON SCIENTIFIC CORP COM 101137107 698992 56967597 SH Sole 56967597 BRASIL TELECOM PARTICIPACOES SPON ADR PFD 105530109 257545 5271075 SH Sole 5271075 BRASKEM SA SP ADR PFD A 105532105 12854 1174910 SH Sole 1174910 BRIGGS & STRATTON CORP COM 109043109 19069 1178580 SH Sole 1178580 BRISTOL MYERS SQUIBB CO COM 110122108 520268 24952926 SH Sole 24952926 BRITISH SKY BROADCASTING GRO SPONSORED ADR 111013108 92191 3104080 SH Sole 3104080 BRUNSWICK CORP COM 117043109 21402 1673338 SH Sole 1673338 CIT GROUP INC COM 125581108 209921 30161117 SH Sole 30161117 CANON INC ADR 138006309 18293 484570 SH Sole 484570 CELESTICA INC SUB VTG SHS 15101Q108 1280 204340 SH Sole 204340 CENTEX CORP COM 152312104 18396 1135534 SH Sole 1135534 CHEMTURA CORP COM 163893100 27978 6135418 SH Sole 6135418 CINCINNATI BELL INC NEW COM 171871106 4190 1356048 SH Sole 1356048 CIRCUIT CITY STORE INC COM 172737108 3019 3972860 SH Sole 3972860 CITIGROUP INC COM 172967101 835769 40749373 SH Sole 40749373 COACHMEN INDS INC COM 189873102 955 578770 SH Sole 578770 COLE KENNETH PRODTNS INC CL A 193294105 7834 532950 SH Sole 532950 COLONIAL BANCGROUP INC COM 195493309 664 84515 SH Sole 84515 COMPANHIA DE SANEAMENTO BASI SPONSORED ADR 20441A102 1658 58466 SH Sole 58466 CONSECO INC COM NEW 208464883 30995 8805274 SH Sole 8805274 COOPER TIRE & RUBR CO COM 216831107 4782 556000 SH Sole 556000 COTT CORP QUE COM 22163N106 6158 5702113 SH Sole 5702113 CYMER INC. COM 232572107 2055 81140 SH Sole 81140 D R HORTON INC COM 23331A109 18278 1403867 SH Sole 1403867 DELL INC COM 24702R101 477580 28979373 SH Sole 28979373 DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 717257 47094986 SH Sole 47094986 DILLARDS INC CL A 254067101 26318 2230348 SH Sole 2230348 DOW CHEM CO COM 260543103 508705 16007099 SH Sole 16007099 EASTMAN KODAK CO COM 277461109 396938 25808691 SH Sole 25808691 ERICSSON L M TEL CO ADR B SEK 10 294821608 328610 34847331 SH Sole 34847331 FAIRPOINT COMMUNICATIONS INC COM 305560104 2228 257026 SH Sole 257026 FIDELITY NATIONAL FINANCIAL CL A 31620R105 7766 528303 SH Sole 528303 FIFTH THIRD BANCORP COM 316773100 303356 25492076 SH Sole 25492076 FINISAR COM 31787A101 1893 1873970 SH Sole 1873970 FIRST AMERN CORP CALIF COM 318522307 9180 311187 SH Sole 311187 FORD MTR CO DEL COM PAR $0.01 345370860 606465 116628104 SH Sole 116628104 FRANCE TELECOM SPONSORED ADR 35177Q105 405211 14466667 SH Sole 14466667 FRIEDMAN BILLINGS RAMSEY GRO CL A 358434108 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GROUP INC COM 514936103 4421 182295 SH Sole 182295 LEAR CORP COM 521865105 17278 1645493 SH Sole 1645493 LENNAR CORP CL A 526057104 17123 1127252 SH Sole 1127252 LENNAR CORP CL B 526057302 3694 303290 SH Sole 303290 LILLY ELI & CO COM 532457108 9922 225343 SH Sole 225343 LOUISIANA PAC CORP COM 546347105 2892 311010 SH Sole 311010 MI DEVS INC CL A SUB VTG 55304X104 351 19000 SH Sole 19000 MAGNA INTL INC CL A 559222401 70312 1373542 SH Sole 1373542 MAGNA INTL INC CL A 559222401 1928 37500 SH Sole 37500 MAGYAR TELEKOM TELECOMMUNS P SPONSORED ADR 559776109 19271 827804 SH Sole 827804 MARSH & MCLENNAN COS INC COM 571748102 94168 2964976 SH Sole 2964976 MASCO CORP COM 574599106 231718 12916301 SH Sole 12916301 MCCLATCHY CO CL A 579489105 23912 5434494 SH Sole 5434494 MERITAGE HOMES CORP COM 59001A102 1336 54070 SH Sole 54070 MICROSOFT CORP COM 594918104 505281 18931477 SH Sole 18931477 MICRON TECHNOLOGY INC COM 595112103 296395 73183926 SH Sole 73183926 MITSUBISHI UFJ FINL GROUP IN SPONSORED ADR 606822104 580167 66380652 SH Sole 66380652 MIZUHO FINL GROUP INC SPONSORED ADR 60687Y109 427841 49064390 SH Sole 49064390 MOTOROLA INC COM 620076109 464306 65028896 SH Sole 65028896 MYLAN INC COM 628530107 276 24145 SH Sole 24145 NACCO INDS INC CL A 629579103 1976 20905 SH Sole 20905 NATIONAL CITY CORPORATION COM 635405103 54683 31247217 SH Sole 31247217 NATUZZI S P A ADR 63905A101 10335 3199799 SH Sole 3199799 NELNET INC CL A 64031N108 972 68435 SH Sole 68435 NEW YORK TIMES CO CL A 650111107 20715 1449613 SH Sole 1449613 NIPPON TELEG & TEL CORP SPONSORED ADR 654624105 626334 27824679 SH Sole 27824679 NISSAN MOTORS SPONSORED ADR 654744408 100638 7405282 SH Sole 7405282 NOKIA CORP SPONSORED ADR 654902204 38681 2074063 SH Sole 2074063 NORTEL NETWORKS CORP NEW COM NEW 656568508 85037 37962767 SH Sole 37962767 NORTEL NETWORKS CORP NEW COM NEW 656568508 684 311052 SH Sole 311052 NOVA CHEMICALS CORP COM 66977W109 506 23000 SH Sole 23000 NOVARTIS A G SPONSORED ADR 66987V109 61736 1168366 SH Sole 1168366 OFFICE DEPOT INC COM 676220106 10609 1822920 SH Sole 1822920 OFFICEMAX INC DEL COM 67622P101 4392 494090 SH Sole 494090 OLD REP INTL CORP COM 680223104 34675 2719616 SH Sole 2719616 PACIFIC SUNWEAR CALIF INC COM 694873100 482 71585 SH Sole 71585 PALOMAR MED TECHNOLOGIES INC COM NEW 697529303 1739 129195 SH Sole 129195 PENNEY J C INC COM 708160106 2667 79989 SH Sole 79989 PFIZER INC COM 717081103 883746 47925505 SH Sole 47925505 PHOENIX COS INC NEW COM 71902E109 18521 2004447 SH Sole 2004447 PILGRIMS PRIDE CORP COM 721467108 1176 472342 SH Sole 472342 POPULAR INC COM 733174106 26611 3209956 SH Sole 3209956 PORTUGAL TELECOM SGPS S A SPONSORED ADR 737273102 319859 31732084 SH Sole 31732084 PULTE HOMES INC COM 745867101 19016 1361189 SH Sole 1361189 QIMONDA AG SPONSORED ADR 746904101 14105 16594705 SH Sole 16594705 QLT INC COM 746927102 5378 1649705 SH Sole 1649705 QLT INC COM 746927102 2653 810620 SH Sole 810620 QUIKSILVER INC COM 74838C106 3556 619590 SH Sole 619590 R.H. DONNELLEY CORP COM NEW 74955W307 1639 823573 SH Sole 823573 REGIONS FINANCIAL CORP NEW COM 7591EP100 20084 2092053 SH Sole 2092053 ROYAL BK SCOTLAND GROUP PLC SP ADR REP SHS 780097721 169779 53056000 SH Sole 53056000 SK TELECOM LTD SPONSORED ADR 78440P108 492355 26161298 SH Sole 26161298 SLM CORP COM 78442P106 156516 12683651 SH Sole 12683651 SAFEWAY INC COM NEW 786514208 544286 22946307 SH Sole 22946307 SAIA INC COM 78709Y105 6355 478570 SH Sole 478570 SANMINA SCI CORP COM 800907107 35069 25049058 SH Sole 25049058 SANOFI AVENTIS SPONSORED ADR 80105N105 574156 17467464 SH Sole 17467464 SARA LEE CORP COM 803111103 504937 39979139 SH Sole 39979139 SCHERING PLOUGH CORP COM 806605101 207183 11217276 SH Sole 11217276 SHOE CARNIVAL INC COM 824889109 604 36880 SH Sole 36880 SIERRA PAC RES NEW COM 826428104 280 29240 SH Sole 29240 SIERRA WIRELESS INC COM 826516106 513 51500 SH Sole 51500 SKYLINE CORP COM 830830105 754 28529 SH Sole 28529 SONY CORP ADR NEW 835699307 165308 5354972 SH Sole 5354972 SPARTECH CORP COM NEW 847220209 4878 492685 SH Sole 492685 STANDARD PAC CORP NEW COM 85375C101 3355 683376 SH Sole 683376 STEIN MART INC COM 858375108 886 226510 SH Sole 226510 STEWART INFORMATION SVCS COR COM 860372101 961 32300 SH Sole 32300 STMICROELECTRONICS N V NY REGISTRY 861012102 284948 27990961 SH Sole 27990961 STRATTEC SEC CORP COM 863111100 491 18575 SH Sole 18575 SUN MICROSYSTEMS INC COM NEW 866810203 15199 1999903 SH Sole 1999903 SUNTRUST BKS INC COM 867914103 53765 1195049 SH Sole 1195049 SUPERIOR INDS INTL INC COM 868168105 1147 59839 SH Sole 59839 SUPERVALU INC COM 868536103 183033 8434707 SH Sole 8434707 TDK CORP AMERN DEP SH 872351408 96068 1941947 SH Sole 1941947 TALBOTS INC COM 874161102 1779 135815 SH Sole 135815 TECUMSEH PRODS CO CL B 878895101 380 16924 SH Sole 16924 TELE NORTE LESTE PART S A SPON ADR PFD 879246106 414652 23748665 SH Sole 23748665 TELECOM ARGENTINA S A SPON ADR REP B 879273209 90931 7422967 SH Sole 7422967 TELECOM CORP NEW ZEALAND LTD SPONSORED ADR 879278208 64278 6994307 SH Sole 6994307 TELECOM ITALIA S P A NEW SPON ADR ORD 87927Y102 482978 32371167 SH Sole 32371167 TELECOMUNICACOES BRASILEIRAS SPONSORED ADR 879287308 15437 1165948 SH Sole 1165948 TELEFONICA S A SPONSORED ADR 879382208 174441 2440082 SH Sole 2440082 TELEFONOS DE MEXICO S A SPON ADR ORD L 879403780 678371 26344504 SH Sole 26344504 TELEMIG CELULAR PART S A SPON ADR PFD 87944E105 12406 335211 SH Sole 335211 TELEMEX INTERNACIONAL SAB DE SPONS ADR SR L 879690105 351871 27066966 SH Sole 27066966 TELUS CORP NON-VTG SHS 87971M202 2225 62100 SH Sole 62100 TENET HEALTHCARE CORP COM 88033G100 271728 48960029 SH Sole 48960029 TEXAS INSTRS INC COM 882508104 98718 4591512 SH Sole 4591512 THOMSON SPONSORED ADR 885118109 51940 14672225 SH Sole 14672225 3COM CORP COM 885535104 16961 7279343 SH Sole 7279343 TIM PARTICIPACOES S A SPONS ADR PFD 88706P106 75512 3619924 SH Sole 3619924 TIMBERLAND CO CL A 887100105 8120 467459 SH Sole 467459 TOMKINS PLC SPONSORED ADR 890030208 63216 5710564 SH Sole 5710564 TUESDAY MORNING CORP COM NEW 899035505 3492 845450 SH Sole 845450 UNILEVER PLC SPON ADR NEW 904767704 3936 144640 SH Sole 144640 UNILEVER N V NY SHS NEW 904784709 341126 12113845 SH Sole 12113845 UNISYS CORP COM 909214108 87435 31794690 SH Sole 31794690 UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 250 128070 SH Sole 128070 UTSTARCOM INC COM 918076100 6728 1996398 SH Sole 1996398 VALASSIS COMMUNICATIONS INC COM 918866104 1703 196625 SH Sole 196625 VERIZON COMMUNICATIONS INC COM 92343V104 402898 12555251 SH Sole 12555251 VISHAY INTERTECHNOLOGY INC COM 928298108 2894 437231 SH Sole 437231 VISTEON CORP COM 92839U107 13139 5663240 SH Sole 5663240 VITRAN CORP INC COM 92850E107 3899 289466 SH Sole 289466 VITRAN CORP INC COM 92850E107 1417 106070 SH Sole 106070 WABASH NATL CORP COM 929566107 5521 584190 SH Sole 584190 WACHOVIA CORP NEW COM 929903102 138326 39521734 SH Sole 39521734 WASHINGTON MUT INC COM 939322103 1596 19466279 SH Sole 19466279 WESTLAKE CHEM CORP COM 960413102 16564 787657 SH Sole 787657 WHIRLPOOL CORP COM 963320106 46659 588459 SH Sole 588459 WYETH COM 983024100 467100 12644816 SH Sole 12644816 XEROX CORP COM 984121103 383496 33260704 SH Sole 33260704 ZIONS BANCORPORATION COM 989701107 5185 133975 SH Sole 133975 ARGO GROUP INTL HLDGS LTD COM G0464B107 14032 380777 SH Sole 380777 TYCO ELECTRONICS LTD COM NEW G9144P105 447644 16183795 SH Sole 16183795 XL CAP LTD CL A G98255105 178959 9975393 SH Sole 9975393 SYNERON MEDICAL LTD ORD SHS M87245102 6946 487440 SH Sole 487440 BANCO LATINOAMERICANO DE EXP CL E P16994132 33488 2322339 SH Sole 2322339 INTERTAPE POLYMER GROUP INC COM 460919103 3732 1366981 SH Sole 1366981 NATIONAL CITY CORP COM 635405103 86975 49700000 SH Sole 49700000 INTERTAPE POLYMER GROUP INC COM 460919103 2096 767921 SH Sole 767921 ROYAL CARIBBEAN CRUISES LTD COM V7780T103 1037 49980 SH Sole 49980 FLEXTRONICS INTL LTD ORD Y2573F102 107186 15139324 SH Sole 15139324