SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

~~November~~May 1416, ~~2003~~2005

Date of Report (Date of Earliest Event Reported)

EBS PENSION, L.L.C.

(Exact name of registrant as specified in its charter)

Delaware

000-24713

42-1466520

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(I.R.S. Employer

Identification Number)

Sixth and Marquette; N9303-120

Minneapolis, Minnesota 55479

(Address of principal executive offices, including zip code)

(612) 667-4803

(Registrant’s telephone number, including area code)

~~Item~~Check 9.the ~~Regulation~~appropriate FDbox ~~Disclosure~~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):

On¨ ~~November~~Written ~~14,~~communications 2003, in connection with the filing of the Quarterly Report on Form 10-Q of EBS Pension, L.L.C. (the “Company”) for the quarter ended September 30, 2003 (the “Report”), Wells Fargo Bank Minnesota, N.A., the Manager of the Company provided to the Securities and Exchange Commission a statement certifying pursuant to 18Rule ~~U.S.C. §~~425 ~~1350,~~under ~~as adopted pursuant to § 906 of~~ the ~~Sarbanes-Oxley~~Securities Act of(17 ~~2002,~~CFR ~~that, to such Manager’s knowledge:~~ 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01. Regulation FD Disclosure

On May 16, 2005, in connection with the filing of the Quarterly Report on Form 10-Q of EBS Pension, L.L.C. (the “Company”) for the quarter ended March 31, 2005 (the “Report”), Wells Fargo Bank, N.A., the Manager of the Company, provided to the Securities and Exchange Commission a statement certifying pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to such Manager’s knowledge:

(1)

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods expressed in the Report.

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.

EBS PENSION, L.L.C. By: WELLS FARGO BANK ~~MINNESOTA~~, N.A., in its capacity as Manager of EBS Pension, L.L.C. By: /S/ ~~LON~~JEFFERY PT. ~~LECLAIR~~ROSE ~~Lon~~Jeffery PT. ~~LeClair~~Rose ~~Vice~~Corporate ~~President~~Trust Officer

Date: ~~November~~May 1416, ~~2003~~2005

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