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 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 *
  RILEY BRYANT R
 2. Date of Event Requiring Statement (Month/Day/Year)
05/25/2006		 3. Issuer Name and Ticker or Trading Symbol
FLIGHT SAFETY TECHNOLOGIES INC [FLT]
(Last)
(First)
(Middle)
11100 SANTA MONICA BLVD STE 810, 		 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)

LOS ANGELES, CA 90025		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 475,900
I
See Footnote (1)
Common Stock 2,600
I
See Footnote (2)
Common Stock 3,500
I
See Footnote (3)
Common Stock 3,500
I
See Footnote (3)
Common Stock 3,500
I
See Footnote (3)
Common Stock 3,500
I
See Footnote (3)

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

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
RILEY BRYANT R
11100 SANTA MONICA BLVD STE 810
LOS ANGELES, CA 90025		     X    
Riley Investment Partners Master Fund, L.P.
11100 SANTA MONICA BOULEVARD
SUITE 810
LOS ANGELES, CA 90025		     X    
Riley Investment Management LLC
11100 SANTA MONICA BLVD.
SUITE 810
LOS ANGELES, CA 90025		     X    

Signatures

Bryant R. Riley 01/04/2007
**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) Bryant Riley, as sole equity owner of Riley Investment Management LLC, General Partner of Riley Investment Partners Master Fund, L.P (the "Master Fund"). The Master Fund is the holder of the shares.
(2) Bryant Riley, as trustee of the B. Riley & Co. Retirement Trust
(3) Bryant Riley, as custodian for his children. Reporting Persons disclaim beneficial ownership of these securities

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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