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

2

Item 1.

(a)

Name of Issuer

Park-Ohio Holdings Corp.

(b)

Address of Issuer's Principal Executive Offices

23000 Euclid Ave.
Cleveland, OH 44117-1729

Item 2.

(a)

Name of Person Filing

Paulette R. Baum Revocable Living Trust u/a/d 7/21/98 (the "Reporting Person")

(b)

Address of Principal Business Office or, if none, Residence

30201 Orchard Lake Road,
Suite 107
Farmington Hills, MI 48334

(c)

Citizenship

State of Michigan

(d)

Title of Class of Securities

Common Stock, Par Value $1.00 Per Share

(e)

CUSIP Number

700666100

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

[    ]

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

[    ]

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

[    ]

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

[    ]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

(e)

[    ]

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

[    ]

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

[    ]

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

[    ]

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

[    ]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

[    ]

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4.

Ownership.

(a)

Amount beneficially owned:

The Reporting Person directly owns 713,000 shares (consisting of 573,600 shares in the Trust, and 139,400 shares in related IRAs and custodial accounts over which the reporting person has direct control). The foregoing percentages are calculated based on 11,454,155 shares of Common Stock outstanding as of October 31, 2007, as reported in the issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2007.

(b)

Percent of class:

6.22%

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote

713,000

(ii)

Shared power to vote or to direct the vote

n/a

(iii)

Sole power to dispose or to direct the disposition of

713,000

(iv)

Shared power to dispose or to direct the disposition of

n/a

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 [    ].

Instruction: Dissolution of a group requires a response to this item.

                                 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

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

n/a

Item 8.

Identification and Classification of Members of the Group

n/a

Item 9.

Notice of Dissolution of Group

n/a

Item 10.

Certifications

  By signing below I certify that, to the best of my 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.

        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.

3