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 *
  Solus Alternative Asset Management LP
 2. Date of Event Requiring Statement (Month/Day/Year)
02/29/2008		 3. Issuer Name and Ticker or Trading Symbol
MIRANT CORP [MIR]
(Last)
(First)
(Middle)
430 PARK 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, NY 10022		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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 20,000,000
I
See Footnotes (1)

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
Call Option   (2) 03/20/2008 Common Stock 1,850,000 $ 37.5 I See Footnotes (1)
Warrants   (3) 01/03/2011 Common Stock 4,000,000 $ 21.87 I See Footnotes (1)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Solus Alternative Asset Management LP
430 PARK AVENUE
NEW YORK, NY, NY 10022		     X    

Signatures

/s/Joseph Lonetto, Chief Legal Officer 03/10/2008
**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) The securities to which this Form 3 relates are held directly by SOLA LTD and Ultra Master Ltd, Cayman Islands exempted companies (the "Funds"). Solus Alternative Asset Management LP, a Delaware limited partnership ("Solus"), serves as investment adviser to the Funds and as such has discretion over the securities beneficially owned by the Funds. Solus disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.
(2) The Call Options to which this footnote relates are convertible into the reported number of shares of Common Stock in the discretion of the holder at anytime prior to the expiration date and are automatically convertible on the expiration date if the market price of the underlying common shares exceeds the exercise price on the expiration date.
(3) Each Warrant to which this footnote relates entitles the holder to purchase one share of Common Stock at a price of $21.87 at anytime before the expiration date.

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