SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13G

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. 2)

VCG Holding Corp.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

91821K101

(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:

[_] Rule 13d-1(b)

[X] Rule 13d-1(c)

[_] Rule 13d-1(d)


CUSIP No. 91821K101
 ---------------------

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

 Jeffrey L. Feinberg

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

 1,043,897

7. SOLE DISPOSITIVE POWER

 0

8. SHARED DISPOSITIVE POWER

 1,043,897

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 1,043,897

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

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

 6.18%

12. TYPE OF REPORTING PERSON

 IN, HC


CUSIP No. 91821K101
 ---------------------

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

 JLF Asset Management, L.L.C.

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

 1,043,897

7. SOLE DISPOSITIVE POWER

 0

8. SHARED DISPOSITIVE POWER

 1,043,897

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 1,043,897

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

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

 6.18%

12. TYPE OF REPORTING PERSON

 OO


CUSIP No. 91821K101
 ---------------------

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

 JLF Offshore Fund, Ltd.

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

3. SEC USE ONLY

4. CITIZENSHIP OR PLACE OF ORGANIZATION

 Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER

 0

6. SHARED VOTING POWER

 567,993

7. SOLE DISPOSITIVE POWER

 0

8. SHARED DISPOSITIVE POWER

 567,993

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 567,993

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

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

 3.36%

12. TYPE OF REPORTING PERSON

 CO


CUSIP No. 91821K101
 ---------------------

Item 1(a). Name of Issuer:

 VCG Holding Corp.
 ---------------------------------------------------------------------

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

 390 Union Blvd.
 Suite 540
 Lakewood, Colorado 80228
 United States of America
 ---------------------------------------------------------------------

Item 2(a). Name of Person Filing:

 Jeffrey L. Feinberg
 JLF Asset Management, L.L.C.
 JLF Offshore Fund, Ltd.
 ---------------------------------------------------------------------

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

 Jeffrey L. Feinberg
 c/o JLF Asset Management, L.L.C.
 2775 Via de la Valle, Suite 204
 Del Mar, CA 92014

 JLF Asset Management, L.L.C.
 2775 Via de la Valle, Suite 204
 Del Mar, CA 92014

 JLF Offshore Fund, Ltd.
 c/o Goldman Sachs (Cayman) Trust, Ltd.
 P.O. Box 896, 2nd Floor
 North Church Street
 George Town, Grand Cayman
 Cayman Islands
 ---------------------------------------------------------------------

Item 2(c). Citizenship:

 Jeffrey L. Feinberg - United States
 JLF Asset Management, L.L.C. - Delaware
 JLF Offshore Fund, Ltd. - Cayman Islands
 ---------------------------------------------------------------------

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

 Common Stock, par value $0.0001 per share
 ---------------------------------------------------------------------

Item 2(e). CUSIP Number:

 91821K101
 ---------------------------------------------------------------------

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) [_] 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:

 Jeffrey L. Feinberg: 1,043,897 shares
 JLF Asset Management, L.L.C.: 1,043,897 shares
 JLF Offshore Fund, Ltd.: 567,993 shares
 ---------------------------------------------------------------------

 (b) Percent of class:

 Jeffrey L. Feinberg: 6.18%
 JLF Asset Management, L.L.C.: 6.18%
 JLF Offshore Fund, Ltd.: 3.36%
 ---------------------------------------------------------------------

 (c) Number of shares as to which Jeffrey L. Feinberg has:

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

 (ii) Shared power to vote or to direct the vote
 1,043,897
 -----------------------

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

 (iv) Shared power to dispose or to direct the
 disposition of 1,043,897
 -----------------------

 Number of shares as to which JLF Asset Management, L.L.C. has:

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

 (ii) Shared power to vote or to direct the vote
 1,043,897
 -----------------------

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

 (iv) Shared power to dispose or to direct the
 disposition of 1,043,897
 -----------------------

 Number of shares as to which JLF Offshore Fund, Ltd. has:

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


 (ii) Shared power to vote or to direct the vote
 567,993
 -----------------------


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

 (iv) Shared power to dispose or to direct the
 disposition of 567,993
 -----------------------

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 [X].

 JLF Offshore Fund, Ltd.
 ---------------------------------------------------------------------

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.

 Certification for Rule 13d-1(c): By signing below each Reporting Person
certifies that, to the best of its 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 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 13, 2008
(Date)

/s/ Jeffrey L. Feinberg (1)
----------------------------------------
Jeffrey L. Feinberg

JLF Asset Management, L.L.C. (1)

By: /s/ Jeffrey L. Feinberg
----------------------------------------
Title: Managing Member

JLF Offshore Fund, Ltd.

By: /s/ Jeffrey L. Feinberg
----------------------------------------
Title: Managing Member of JLF Asset
Management, L.L.C., its Investment
Manager

(1) These Reporting Persons disclaim beneficial ownership except to the extent of their pecuniary interest therein.


Exhibit A

AGREEMENT

The undersigned agree that this amendment to Schedule 13G dated February 13, 2008 relating to the Common Stock, par value $0.0001 per share, of VCG Holding Corp. shall be filed on behalf of the undersigned.

/s/ Jeffrey L. Feinberg
----------------------------------------
Jeffrey L. Feinberg

JLF Asset Management, L.L.C.

By: /s/ Jeffrey L. Feinberg
----------------------------------------
Title: Managing Member

JLF Offshore Fund, Ltd.

By: /s/ Jeffrey L. Feinberg
----------------------------------------
Title: Managing Member of JLF
Asset Management, L.L.C., its
Investment Manager

SK 02717 0006 851848

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