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, Section 17(a) of the Public Utility Holding Company Act of 1935 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 *   Cootey Stephen Lawrence 2. Date of Event Requiring Statement (Month/Day/Year) 01/04/2006 3. Issuer Name and Ticker or Trading Symbol WHITNEY INFORMATION NETWORK INC [RUSS] (Last) (First) (Middle) PRIDES CAPITAL PARTNERS, L.L.C., 200 HIGH STREET, SUITE 700 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) BOSTON, MA 02110 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 1,100,000 (1) I By Prides Capital Fund I, L.P.

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
Warrants (right to buy)	12/12/2005	12/12/2009	Common Stock	550,000 (1)	$ 6	I	By Prides Capital Fund I, L.P.

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Cootey Stephen Lawrence PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110	  X	Â	Â	Â
Lawlor Henry J Jr PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110	Â	  X	Â	Â
Richardson Kevin A II PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110	Â	  X	Â	Â
McCarthy Charles E PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110	Â	  X	Â	Â
Indick Murray A PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110	Â	  X	Â	Â
Puscasiu Christian PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110	Â	  X	Â	Â
Prides Capital Partners, LLC 200 HIGH STREET, SUITE 700 BOSTON, MA 02110	  X	  X	Â	Â

Signatures

/s/ Murray A. Indick		01/06/2006
**Signature of Reporting Person		Date
/s/ Stephen L. Cootey, by Murray A. Indick as Attorney-in-Fact		01/06/2006
**Signature of Reporting Person		Date
/s/ Henry J. Lawlor, Jr., by Murray A. Indick as Attorney-in-Fact		01/06/2006
**Signature of Reporting Person		Date
/s/ Kevin A. Richardson, II, by Murray A. Indick as Attorney-in Fact		01/06/2006
**Signature of Reporting Person		Date
/s/ Charles E. McCarthy, by Murray A. Indick as Attorney-in-Fact		01/06/2006
**Signature of Reporting Person		Date
/s/ Christian Puscasiu, by Murrary A. Indick as Attorney-in-Fact		01/06/2006
**Signature of Reporting Person		Date
/s/ Prides Capital Partners, L.L.C., by Murray A. Indick, Managing Member		01/06/2006
**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)	The securities reported herein are owned directly by Prides Capital Fund I, L.P. Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed the beneficial owner of the securities held by Prides Capital Fund I, L.P. Because Kevin A. Richardson, II, Murray A. Indick, Henry J. Lawlor, Jr., Charles E. McCarthy and Christian Puscasiu are the controlling members of Prides Capital Partners, L.L.C., they may also be deemed to be beneficial owners of securities deemed to be beneficially owned by Prides Capital Partners, L.L.C. Each of Messrs. Richardson, Indick, Lawlor, McCarthy and Puscasiu disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interests therein. Stephen L. Cootey is an employee of Prides Capital Partners, L.L.C. and disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.
  Remarks: Remarks: This report is filed jointly by Stephen L. Cootey, Kevin A. Richardson, II, Murrary A. Indick, Henry J. Lawlor, Jr., Charles E. McCarthy, Christian Puscasiu and Prides Capital Partners, L.L.C.  Prides Capital Partners, L.L.C. also may be deemed a director by virtue of its right to appoint a representative to serve on the Issuer's board of directors.  Stephen L. Cootey currently serves as Prides Capital Partners, L.L.C.'s representative on the Issuer's board.  Prides Capital Fund I, L.P. acquired the securities reported herein on December 12, 2005.

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