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We report the discovery of planetary-mass companions to two red giants by theongoing Penn State - Torun Planet Search (PTPS) conducted with the 9.2-mHobby-Eberly Telescope. The 1.1 Ms K0-giant, BD+15 2940, has a 1.1 Mj minimummass companion orbiting the star at a 137.5-day period in a 0.54 AU orbit whatmakes it the closest - in planet around a giant and possible subject ofengulfment as the consequence of stellar evolution. HD 233604, a 1.5 MsK5-giant, is orbited by a 6.6 Mj minimum mass planet which has a period of 192days and a semi-major axis of only 0.75 AU making it one of the least distantplanets to a giant star. The chemical composition analysis of HD 233604 revealsa relatively high 7Li abundance which may be a sign of its early evolutionarystage or recent engulfment of another planet in the system.  We also present independent detections of planetary-mass companions to HD209458 and HD 88133, and stellar activity-induced RV variations in HD 166435,as part of the discussion of the observing and data analysis methods used inthe PTPS project.

Planetary-mass companions to the K-giants BD+15 2940 and HD 233604