13G

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  Schedule 13G
                                 (Rule 13d-102)

   Information to be Included in Statements Filed Pursuant to Rules 13d-1(b),
       (c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2(b)
                              (Amendment No. ____)*

                            INNOPHOS HOLDINGS, INC..
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                                (Name of Issuer)

                Common Stock Class A, par value $0.001 per share
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                         (Title of Class of Securities)

                                    45774N108
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                                 (CUSIP Number)

                                November 2, 2006
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             (Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

|_| Rule 13d-1(b)

|X| Rule 13d-1(c)

|_| Rule 13d-1(d)

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      *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 the disclosures provided in a prior cover page.

      The information  required in 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 (the "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).



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                                       13G
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     1   NAME OF REPORTING PERSONS: Silver Point Capital, L.P.

         I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 22-3849636
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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   CITIZENSHIP OR PLACE OF ORGANIZATION             Delaware
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                       5    SOLE VOTING POWER             -0-
    NUMBER OF         ----------------------------------------------------------
     SHARES            6    SHARED VOTING POWER         1,250,000 (See Item 4)
  BENEFICIALLY        ----------------------------------------------------------
  OWNED BY EACH        7    SOLE DISPOSITIVE POWER        -0-
    REPORTING         ----------------------------------------------------------
   PERSON WITH         8    SHARED DISPOSITIVE POWER    1,250,000 (See Item 4)
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      9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY
         EACH REPORTING PERSON:                         1,250,000 (See Item 4)
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     10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
         EXCLUDES CERTAIN SHARES*                         [_]
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     11  PERCENT OF CLASS REPRESENTED
         BY AMOUNT IN ROW (9):                            6.2%
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     12  TYPE OF REPORTING PERSON:*                       00
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*SEE INSTRUCTIONS BEFORE FILLING OUT.



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                                      13G
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     1   NAME OF REPORTING PERSONS: Edward A. Mule

         S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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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   CITIZENSHIP OR PLACE OF ORGANIZATION           United States
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                       5    SOLE VOTING POWER             -0-
    NUMBER OF         ----------------------------------------------------------
     SHARES            6    SHARED VOTING POWER         1,250,000 (See Item 4)
  BENEFICIALLY        ----------------------------------------------------------
  OWNED BY EACH        7    SOLE DISPOSITIVE POWER        -0-
    REPORTING         ----------------------------------------------------------
   PERSON WITH         8    SHARED DISPOSITIVE POWER    1,250,000 (See Item 4)
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      9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY
         EACH REPORTING PERSON:                         1,250,000 (See Item 4)
--------------------------------------------------------------------------------
     10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
         EXCLUDES CERTAIN SHARES*                         [_]
--------------------------------------------------------------------------------
     11  PERCENT OF CLASS REPRESENTED
         BY AMOUNT IN ROW (9):                            6.2%
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     12  TYPE OF REPORTING PERSON:*                       IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT.



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                                       13G
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     1   NAME OF REPORTING PERSONS: Robert J. O'Shea

         S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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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   CITIZENSHIP OR PLACE OF ORGANIZATION           United States
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                       5    SOLE VOTING POWER             -0-
    NUMBER OF         ----------------------------------------------------------
     SHARES            6    SHARED VOTING POWER         1,250,000 (See Item 4)
  BENEFICIALLY        ----------------------------------------------------------
  OWNED BY EACH        7    SOLE DISPOSITIVE POWER        -0-
    REPORTING         ----------------------------------------------------------
   PERSON WITH         8    SHARED DISPOSITIVE POWER    1,250,000 (See Item 4)
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      9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY
         EACH REPORTING PERSON:                         1,250,000 (See Item 4)
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     10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
         EXCLUDES CERTAIN SHARES*                         [_]
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     11  PERCENT OF CLASS REPRESENTED
         BY AMOUNT IN ROW (9):                            6.2%
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     12  TYPE OF REPORTING PERSON:*                       IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT.




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                                      13G
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Item 1(a)   Name of Issuer:

            The name of the issuer is Innophos Holdings, Inc. (the "Company").

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

            The Company's  principal executive office is located at 259 Prospect
Plains Road, Cranbury, NJ 08512.

Item 2(a)   Name of Person Filing:

            This Schedule 13G is being  jointly  filed by Silver Point  Capital,
L.P., a Delaware limited partnership (the "Investment  Manager"),  Mr. Edward A.
Mule and Robert J. O'Shea with respect to the  ownership of the shares of Common
Stock by Silver Point Capital Fund, L.P. (the "Fund"),  and Silver Point Capital
Offshore Fund, Ltd. (the "Offshore Fund"). (1)

            The  Reporting  Persons have entered into a Joint Filing  Agreement,
dated  November  8,  2006,  a copy of which is filed with this  Schedule  13G as
Exhibit A,  pursuant  to which the  Reporting  Persons  have agreed to file this
statement  jointly in accordance with the provisions of Rule  13d-1(k)(1)  under
the Act.

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

            The  address  of  the  principal  business  office  of  each  of the
Reporting  Persons is Two Greenwich  Plaza,  1st Floor,  Greenwich,  Connecticut
06830.

Item 2(c)   Citizenship:

            Silver Point  Capital,  L.P. is  organized as a limited  partnership
under the laws of the State of Delaware.  Both Mr. Mule and Mr.  O'Shea are U.S.
citizens.

Item 2(d)   Title of Class of Securities:

            Common Stock Class A, par value $0.001.

(1)   Silver Point Capital,  L.P. ("Silver Point") is the investment  manager of
      the Fund and the Offshore  Fund (the "Funds") and by reason of such status
      may be deemed to be the beneficial  owner of the reported  securities held
      by the Funds. Messrs. Mule and O'Shea each indirectly control Silver Point
      and by virtue of such status may be deemed to be the beneficial  owners of
      all  reported  securities  held by the  Funds.  Messrs.  Mule  and  O'Shea
      disclaim beneficial  ownership of the reported  securities,  except to the
      extent of any pecuniary  interest,  and this report shall not be deemed to
      be an admission that they are the beneficial owners of such securities.



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                                      13G
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Item 2(e)   CUSIP No.: 45774N108

Item 3      If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
            check whether the person filing is a:

            Not Applicable.

Item 4      Ownership:

            A.    Silver Point Capital, L.P.

                  (a)   Amount beneficially owned: 1,250,000

                  (b)   Percent of class: 6.2%

                  (c)   Number of shares as to which such person has:

                        (i)   Sole power to vote or direct the vote: -0-

                        (ii)  Shared power to vote or direct the vote: 1,250,000

                        (iii) Sole power to  dispose or direct the  disposition:
                              -0-

                        (iv)  Shared power to dispose or direct the disposition:
                              1,250,000

            B.    Edward A. Mule

                  (a)   Amount beneficially owned: 1,250,000

                  (b)   Percent of class: 6.2%.

                  (c)   Number of shares as to which such person has:

                        (i)   Sole power to vote or direct the vote: 0

                        (ii)  Shared power to vote or direct the vote: 1,250,000

                        (iii) Sole power to dispose or direct the disposition: 0

                        (iv)  Shared power to dispose or direct the disposition:
                              1,250,000

            C.    Robert J. O'Shea

                  (a)   Amount beneficially owned: 1,250,000

                  (b)   Percent of class: 6.2%.

                  (c)   Number of shares as to which such person has:




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                                      13G
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                        (i)   Sole power to vote or direct the vote: 0

                        (ii)  Shared power to vote or direct the vote: 1,250,000

                        (iii) Sole power to dispose or direct the disposition: 0

                        (iv)  Shared power to dispose or direct the disposition:
                              1,250,000

Item 5      Ownership of Five Percent or Less of a Class:

            If this  statement  is being filed to report the fact that as of the
date hereof each of the Reporting  Persons has ceased to be the beneficial owner
of more than five percent of the class of securities, check the following [ ].

Item 6      Ownership of More Than Five Percent on Behalf of Another Person:

            See response to Item 4.

Item 7      Identification  and  Classification of the Subsidiary Which Acquired
            the  Security  Being  Reported on by the Parent  Holding  Company or
            Control Person:

            Not applicable.

Item 8      Identification and Classification of Members of the Group:

            Not applicable.

Item 9      Notice of Dissolution of Group:

            Not applicable.

Item 10     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 participant in any transaction having that purpose or effect.




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                                      13G
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                                    SIGNATURE

      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.

Date: November 8, 2006

                                          Silver Point Capital, L.P.

                                          By:   /s/ Frederick H. Fogel
                                                --------------------------------

                                          Name: Frederick H. Fogel
                                                --------------------------------

                                          Its:  Authorized Signatory
                                                --------------------------------




                                                                       Exhibit A

              AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G

The undersigned hereby agree as follows:

      (i) Each of them is individually eligible to use the Schedule 13G to which
this  Exhibit is attached,  and such  Schedule 13G is filed on behalf of each of
them; and

      (ii) Each of them is  responsible  for the timely  filing of such Schedule
13G and any amendments  thereto,  and for the  completeness  and accuracy of the
information  concerning  such  person  contained  therein;  but  none of them is
responsible for the  completeness or accuracy of the information  concerning the
other  persons  making the filing,  unless  such  person  knows or has reason to
believe that such information is inaccurate.

Date: November 8, 2006

                                          Silver Point Capital, L.P.

                                          By:   /s/ Frederick H. Fogel
                                                --------------------------------

                                          Name: Frederick H. Fogel
                                                --------------------------------

                                          Its:  Authorized Signatory
                                                --------------------------------

                                          /s/ Edward A. Mule
                                          --------------------------------------
                                          Edward A. Mule, individually

                                          /s/ Robert J. O'Shea
                                          --------------------------------------
                                          Robert J. O'Shea, individually