| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 10,468 | 3,140 | 7,328 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ANTHEM, INC. | 149,892 | 159,305 |
| KRAFT FOODS, INC. | 99,896 | 113,268 |
| TIME WARNER CABLE, INC. | 74,651 | 86,404 |
| RIO TINTO FINANCE, PLC | 49,403 | 60,044 |
| NEXTERA ENERGY CAPITAL HOLDING | 100,000 | 119,591 |
| MERRILL LYNCH | 248,772 | 274,223 |
| KINDER MORGAN ENER PART PUTABLE 02/11/12 @ 100 | 99,972 | 128,237 |
| ENERGY TRANSFER PARTNERS | 74,997 | 93,255 |
| CITIZENS COMM. CO. | 518,750 | 512,500 |
| TYCO ELECTRONICS GROUP S | 69,600 | 143,882 |
| KOHLS CORPORATION | 47,328 | 74,981 |
| HUMANA, INC. | 36,500 | 60,652 |
| WEATHERFORD INTL LTD | 48,716 | 70,193 |
| TELECOM ITALIA CAPITAL | 86,500 | 99,991 |
| GMAC, LLC | 168,817 | 132,065 |
| STAPLES INC | 0 | 0 |
| SPRINT CORP | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN EXPRESS | 45,607 | 103,400 |
| AT&T INC. | 51,900 | 62,820 |
| BOEING CO. | 68,083 | 147,860 |
| BOSTON SCIENTIFIC CORP. | 29,840 | 27,640 |
| BRISTOL-MEYERS SQUIBB CO. | 97,170 | 115,840 |
| COMCAST CORP-CLASS A | 130,451 | 164,710 |
| CONAGRA | 73,643 | 77,430 |
| CSX CORP. | 32,865 | 39,330 |
| DOW CHEMICAL | 70,510 | 79,200 |
| FRONTIER COMMUNICATIONS CORP. | 3,779 | 3,874 |
| GENERAL ELECTRIC | 88,575 | 56,580 |
| GENWORTH FINANCIAL, INC. | 48,750 | 25,700 |
| GLAXOSMITHKLINE PLC-SPON ADR | 38,880 | 42,900 |
| HEWLETT-PACKARD CO. | 110,258 | 109,200 |
| HOME DEPOT | 70,718 | 72,440 |
| INTEL | 124,750 | 110,800 |
| JOHNSON & JOHNSON | 25,814 | 33,260 |
| JP MORGAN CHASE & CO. | 68,200 | 81,880 |
| KEY CORP. | 79,430 | 24,990 |
| KOHLS CORP. | 28,386 | 25,005 |
| KRAFT FOODS, INC-A | 52,645 | 70,460 |
| KROGER COMPANY | 60,861 | 74,400 |
| LOWE'S COMPANIES | 84,100 | 186,480 |
| MARSH & MCLENNAN COMPANIES | 73,945 | 93,570 |
| MCDONALD'S CORP. | 17,300 | 84,320 |
| MEDTRONIC, INC. | 73,640 | 77,060 |
| MERCK & CO., INC. | 136,768 | 207,611 |
| MONSANTO CO. | 49,592 | 72,540 |
| ORACLE SYSTEMS | 51,939 | 65,820 |
| PFIZER, INC. | 128,320 | 61,800 |
| POPULAR, INC. | 132,902 | 171,120 |
| RAYTHEON COMPANY | 56,950 | 49,850 |
| ROYAL DUTCH SHELL, PLC | 46,397 | 71,130 |
| VERIZON COMMUNICATIONS | 56,077 | 74,460 |
| VISA INC-CLASS A SHARES | 67,478 | 84,260 |
| WALT DISNEY CORPORATION | 37,379 | 78,080 |
| YAHOO! INC | 33,245 | 19,552 |
| GMAC PERPETUAL CALL (C) 12/31/11 @ 1000 | 28,353 | 28,194 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 6,245 | 937 | 5,308 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK CHARGES | 4,182 | 4,182 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 32,315 | 32,315 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 504 | 504 | 0 |