SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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. )

RedEnvelope, Inc.

(Name of Issuer)

Common Stock, par value $.01 per share

(Title of Class of Securities)

75733R601

(CUSIP Number)

December 31, 2007

(Date of Event Which Requires Filing of this Statement)

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

[x] Rule 13d-1(b)

[ ] Rule 13d-1(c)

[_] Rule 13d-1(d)


 CUSIP No. 75733R601
 ---------------------

1. NAME OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 Prime Logic Capital, LLC

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) [_]
 (b) [X]

3. SEC USE ONLY



4. CITIZENSHIP OR PLACE OF ORGANIZATION

 Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER

 0

6. SHARED VOTING POWER

 526,396

7. SOLE DISPOSITIVE POWER

 0

8. SHARED DISPOSITIVE POWER

 526,396

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 526,396

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 [_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 5.5%

12. TYPE OF REPORTING PERSON

 OO/IA


CUSIP No. 75733R601
 ---------------------

1. NAME OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

 Marc Cummins

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) [_]
 (b) [X]

3. SEC USE ONLY



4. CITIZENSHIP OR PLACE OF ORGANIZATION

 United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER

 0

6. SHARED VOTING POWER

 526,396

7. SOLE DISPOSITIVE POWER

 0

8. SHARED DISPOSITIVE POWER

 526,396

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 526,396

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 [_]

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 5.5%

12. TYPE OF REPORTING PERSON

 IN


CUSIP No. 75733R601
 ---------------------


Item 1(a). Name of Issuer:


 RedEnvelope, Inc.
 -------------------------------------------------------------------

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


 149 New Montgomery Street
 San Francisco, California 94105
 -------------------------------------------------------------------


Item 2(a). Name of Person Filing:

 Prime Logic Capital, LLC
 Marc Cummins
 -------------------------------------------------------------------

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

 Prime Logic Capital, LLC
 135 East 57th Street
 11th Floor, New York, New York 10022

 Marc Cummins
 c/o Prime Logic Capital, LLC
 135 East 57th Street
 11th Floor, New York, New York 10022
 -------------------------------------------------------------------

Item 2(c). Citizenship:

 Prime Logic Capital, LLC - Delaware limited liability company
 Marc Cummins - United States citizen
 -------------------------------------------------------------------

Item 2(d). Title of Class of Securities:


 Common Stock, par value $.01 per share
 -------------------------------------------------------------------

Item 2(e). CUSIP Number:


 75733R601
 -------------------------------------------------------------------


Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
 or (c), Check Whether the Person Filing is a:

 (a) [_] Broker or dealer registered under Section 15 of the Exchange Act.

 (b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.

 (c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
 Act.

 (d) [_] Investment company registered under Section 8 of the Investment
 Company Act.

 (e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

 (f) [_] An employee benefit plan or endowment fund in accordance with
 Rule 13d-1(b)(1)(ii)(F);

 (g) [_] A parent holding company or control person in accordance with
 Rule 13d-1(b)(1)(ii)(G);

 (h) [_] A savings association as defined in Section 3(b) of the Federal
 Deposit Insurance Act;

 (i) [_] A church plan that is excluded from the definition of an
 investment company under Section 3(c)(14) of the Investment
 Company Act;

 (j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

Item 4. Ownership.

 Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

 (a) Amount beneficially owned:

 Prime Logic Capital, LLC - 526,396 shares
 Marc Cummins - 526,396 shares
 -------------------------------------------------------------------

 (b) Percent of class:

 Prime Logic Capital, LLC - 5.5%
 Marc Cummins - 5.5%
 -------------------------------------------------------------------

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

 (i) Sole power to vote or to direct the vote
 Prime Logic Capital, LLC - 0
 Marc Cummins - 0
 -------------------------------------------------------------------,

 (ii) Shared power to vote or to direct the vote
 Prime Logic Capital, LLC - 526,396
 Marc Cummins - 526,396
 -------------------------------------------------------------------,

 (iii) Sole power to dispose or to direct the
 disposition of
 Prime Logic Capital, LLC - 0
 Marc Cummins - 0
 -------------------------------------------------------------------,

 (iv) Shared power to dispose or to direct the
 disposition of
 Prime Logic Capital, LLC - 526,396
 Marc Cummins - 526,396
 -------------------------------------------------------------------.


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 the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities check the following [ ].

 N/A
 -------------------------------------------------------------------


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

 If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.

 N/A
 -------------------------------------------------------------------


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

 If a parent holding company or Control person has filed this schedule,
pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an
exhibit stating the identity and the Item 3 classification of the relevant
subsidiary. If a parent holding company or control person has filed this
schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating
the identification of the relevant subsidiary.

 N/A
 -------------------------------------------------------------------


Item 8. Identification and Classification of Members of the Group.

 If a group has filed this schedule pursuant to S.240.13d-1(b)(1)(ii)(J), so
indicate under Item 3(j) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this schedule
pursuant to S.240.13d-1(c) or S.240.13d-1(d), attach an exhibit stating the
identity of each member of the group.

 N/A
 -------------------------------------------------------------------

Item 9. Notice of Dissolution of Group.

 Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.

 N/A
 -------------------------------------------------------------------

Item 10. Certifications.

 By signing below, the Reporting Persons certify that, to the best of their
knowledge and belief, the securities referred to above were acquired and are
held in the ordinary course of business and 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 a participant in any transaction having that purpose or
effect.


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.

February 14, 2008
(Date)

PRIME LOGIC CAPITAL, LLC*

By: /s/ Marc Cummins
 --------------------
Name: Marc Cummins
Title: Managing Member

MARC CUMMINS*

/s/ Marc Cummins
-----------------------

* The Reporting Persons disclaim beneficial ownership over the securities reported herein except to the extent of the reporting persons' pecuniary interest therein.


EXHIBIT A

AGREEMENT

The undersigned agree that this Schedule 13G dated February 14, 2008 relating to the Common Stock, par value $.01 per share, of RedEnvelope, Inc. shall be filed on behalf of the undersigned.

PRIME LOGIC CAPITAL, LLC

By: /s/ Marc Cummins
 -------------------
Name: Marc Cummins
Title: Managing Member

MARC CUMMINS

 /s/ Marc Cummins
 -----------------------

SK 25276 0003 848624

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