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 *   REGIONS FINANCIAL CORP 2. Date of Event Requiring Statement (Month/Day/Year) 11/08/2004 3. Issuer Name and Ticker or Trading Symbol RMK Advantage Income Fund, Inc. [RMA] (Last) (First) (Middle) 1900 FIFTH AVENUE NORTH 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Parent of investment advisor 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) BIRMINGHAM, AL 35203 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ 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, $.0001 par value 0 (1) (2) (3) I (3) See footnotes.

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
REGIONS FINANCIAL CORP 1900 FIFTH AVENUE NORTH BIRMINGHAM, AL 35203	Â	Â	Â	Parent of investment advisor

Signatures

Regions Financial Corporation by /s/ D. Bryan Jordan, Chief Financial Officer		03/02/2007
**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)	Does not include 8,305.9 shares of Common Stock (including 1,324.9 shares issued pursuant to the Issuer's dividend reinvestment plan) owned by the Reporting Person's wholly-owned subsidiary Morgan Properties, LLC as of February 13, 2007. The Reporting Person disclaims beneficial ownership of these shares.
(2)	Regions Financial Corporation is filing this report on its own behalf and on behalf of all of its subsidiaries other than Morgan Asset Management, Inc. and Morgan Properties, LLC, each of which (i) is a Reporting Person with respect to the Issuer and (ii) has filed individual reports on Form 3.
(3)	The Reporting Person is the ultimate parent of Morgan Asset Management, Inc., the Issuer's investment adviser, and of Morgan Properties, LLC. As of November 8, 2004, the Reporting Person did not beneficially own any securities of the Issuer and since then has not engaged in any transactions reportable pursuant to Section 30(h) of the Investment Company Act of 1940, as amended, and is filing this report voluntarily to facilitate future reporting, if required.

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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