Welshman Bradley Dredge and Argentina's Angel Cabrera are tied for the lead at two under at the Volvo Masters at Valderrama.
2 under - Bradley Dredge (64)
Angel Cabrera (Arg) (65)
1 under – Bernhard Langer (Ger) (66)
Level – Colin Montgomerie (64)
2 over – Jarmo Sandelin (Swe) (72)
Alex Cejka (Ger) (67)
Sergio Garcia (Spa) (66)
3 over – Adam Scott (Aus) (66)
Peter O’Malley (Aus) (66)
Maarten Lafeber (Ned) (68)
Robert Karlsson (Swe) (68)
Selected others:
12 over – Retief Goosen (Rsa) (72)
13 over – Padraig Harrington (72)