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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">UNITED STATES</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Washington, DC 20549</font></b></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">FORM 8&#8209;K</font></b></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">CURRENT REPORT Pursuant</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">to Section 13 or 15(d) of the</font></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Securities Exchange Act of 1934</font></b></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date of report (Date of earliest event reported):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; January 26, 2007</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><u><font size="2" face="Times New Roman">JENNIFER CONVERTIBLES, INC.</font></u></b></p>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(Exact Name of Registrant as Specified in Its Charter)</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Delaware</font></p>
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<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(State or Other Jurisdiction</font><font size="2"> of Incorporation)</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b> <b><font
size="2">1-9681&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b>
<b><font size="2">11-2824646</font></b></p>
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<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Commission File
Number)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (IRS Employer Identification No.)</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">419 Crossways Park Drive, Woodbury, New York</font><font size=
"2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
11797&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
</div>

<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Address of Principal Executive
Offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(Zip Code)</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">(516) 496-1900</font></b></p>
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<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(</font><font size="2">Registrant&rsquo;s Telephone Number, Including Area Code)</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>
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<p align="center" style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">(Former Name or Former Address, if Changed Since Last Report)</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<i>see</i> General
Instruction A.2. below):</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font><font size="2">&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font><font size="2">&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font><font size="2">&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <font size="2" face="Wingdings">o</font><font size="2">&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>

<hr>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Events</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In accordance with the terms of the Certificate of Designations, Preferences and Rights of our Series B preferred stock, we can effect</font> <font size="2">an automatic conversion of our Series B preferred stock at any point
that our common stock trades at a price of at least $7.00 per share on the American Stock Exchange.&nbsp; On October 24, 2006, our common stock closed at $7.00 per share.&nbsp; As such, effective as of the close of business on January 26, 2007 (the &ldquo;Conversion
Date&rdquo;), at the direction of our Board of Directors, each one (1) share of our issued and outstanding Series B preferred stock was converted into seven-tenth (7/10) of one share of our common stock.&nbsp;</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Additionally, as a result of the conversion, our Series B preferred stockholders received $0.10 in cash for each pre-conversion share of our Series B preferred stock held by such holder.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fractional shares of our common stock were not issued as a result of the conversion. Instead, holders of our Series B preferred stock who otherwise would have
been entitled to receive a fractional share as a result of the conversion received an amount in cash equal to $5.00 per post conversion share (calculated on a pro rata basis) for such fractional share.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends earned on pre-conversion Series B preferred stock up until and including the Conversion Date were also paid.&nbsp;&nbsp;</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Arial Unicode MS">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits.</font></b></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp; Exhibits</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; None</font></p>

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<p align="center" style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">SIGNATURE</font></b></p>
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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>

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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Dated:&nbsp; January 31, 2007</font></p>
</td>
<td colspan="2">
<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Jennifer Convertibles, Inc.</font></b></p>
</td>
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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">&nbsp;</font></p>
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<td>
<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">By:</font></p>
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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">/s/ Harley J. Greenfield</font></b></p>
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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Name:</font></p>
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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Harley J. Greenfield</font></b></p>
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<p style="margin-top: 0; margin-bottom: 0"><font size="2" face="Times New Roman">Title:</font></p>
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<p style="margin-top: 0; margin-bottom: 0"><b><font size="2" face="Times New Roman">Chief Executive Officer</font></b></p>
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{"company-data": {"conformed-name": "JENNIFER CONVERTIBLES INC", "cik": "0000806817", "assigned-sic": "5712", "irs-number": "112824646", "state-of-incorporation": "DE", "fiscal-year-end": "0830"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09681", "film-number": "07568146"}, "business-address": {"street1": "419 CROSSWAYS PK DR", "city": "WOODBURY", "state": "NY", "zip": "11797", "phone": "5164961900"}, "mail-address": {"street1": "419 CROSSWAYS PARK DR", "street2": "419 CROSSWAYS PARK DR", "city": "WOODBURY", "state": "NY", "zip": "11797"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8‑K
CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):        January 26, 2007
JENNIFER CONVERTIBLES, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction
of Incorporation)
1-9681
11-2824646
(Commission File
Number)                                  (IRS Employer Identification No.)
419 Crossways Park Drive, Woodbury, New York
11797
(Address of Principal Executive
Offices)                                                          
(Zip Code)
(516) 496-1900
(
Registrant's Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General
Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01                     Other Events
In accordance with the terms of the Certificate of Designations, Preferences and Rights of our Series B preferred stock, we can effect
an automatic conversion of our Series B preferred stock at any point
that our common stock trades at a price of at least $7.00 per share on the American Stock Exchange.  On October 24, 2006, our common stock closed at $7.00 per share.  As such, effective as of the close of business on January 26, 2007 (the "Conversion
Date"), at the direction of our Board of Directors, each one (1) share of our issued and outstanding Series B preferred stock was converted into seven-tenth (7/10) of one share of our common stock.
Additionally, as a result of the conversion, our Series B preferred stockholders received $0.10 in cash for each pre-conversion share of our Series B preferred stock held by such holder.
Fractional shares of our common stock were not issued as a result of the conversion. Instead, holders of our Series B preferred stock who otherwise would have
been entitled to receive a fractional share as a result of the conversion received an amount in cash equal to $5.00 per post conversion share (calculated on a pro rata basis) for such fractional share.
Dividends earned on pre-conversion Series B preferred stock up until and including the Conversion Date were also paid.
Item 9.01         Financial Statements and Exhibits.
(d)  Exhibits
None
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated:  January 31, 2007
Jennifer Convertibles, Inc.
By:
/s/ Harley J. Greenfield
Name:
Harley J. Greenfield
Title:
Chief Executive Officer