| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 10,000 | 1,000 | 9,000 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| GENL ELEC CAP CORP MED TERM NTS | 100,335 | 100,335 |
| COUNTRYWIDE FINANCIAL | 39,284 | 39,284 |
| VERIZON NEW ENGLAND INC | 29,089 | 29,089 |
| GENL ELEC CAP CORP NTS B/E | 207,628 | 207,628 |
| CITIGROUP INC NTS | 25,577 | 25,577 |
| GOLDMAN SACHS GROUP INC | 23,264 | 23,264 |
| EKSPORTFINANS A S A | 35,600 | 35,600 |
| VODAFONE GROUP PLC NTS | 25,165 | 25,165 |
| DISNEY WALT CO NEW NTS | 24,495 | 24,495 |
| HONEYWELL INTL INC | 24,694 | 24,694 |
| MORGAN STANLEY DEAN WITT & CO | 26,641 | 26,641 |
| CSX CORP | 20,716 | 20,716 |
| J P MORGAN CHASE & CO | 39,614 | 39,614 |
| WACHOVIA CORP | 27,205 | 27,205 |
| GENL ELEC CO | 56,165 | 56,165 |
| UNTD TECHNOLOGIES CORP | 27,141 | 27,141 |
| GENL ELEC CAP CORP NTS | 40,349 | 40,349 |
| GLAXOSMITHKLINE CAP INC | 28,586 | 28,586 |
| PEPSICO INC | 41,948 | 41,948 |
| GEN ELEC CAP CORN MULTI-STEP CPN | 200,802 | 200,802 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALCOA INC | 39,922 | 39,922 |
| ALLSTATE CORP | 9,150 | 9,150 |
| AMER ELECTRIC POWER CO | 37,347 | 37,347 |
| AMER EXPRESS CO | 32,448 | 32,448 |
| AMERIPRISE FINANCIAL INC | 39,422 | 39,422 |
| ANADARKO PETROLEUM CORP | 27,408 | 27,408 |
| AT&T INC | 44,481 | 44,481 |
| BAKER HUGHES INC | 49,452 | 49,452 |
| BEST BUY CO INC | 5,932 | 5,932 |
| CA INC | 21,825 | 21,825 |
| CBS CORP NEW CL B | 25,337 | 25,337 |
| CHEVRON CORP | 64,423 | 64,423 |
| COMCAST CORP NEW CL A | 43,435 | 43,435 |
| CVS CAREMARK CORP. | 23,365 | 23,365 |
| DANA HOLDING CORP | 6,591 | 6,591 |
| DELL INC. | 28,035 | 28,035 |
| DEVON ENERGY CORP NEW | 49,304 | 49,304 |
| ESCO INTL LTD SPON ADR | 43,825 | 43,825 |
| FLEXTRONICS INTL LTD | 34,297 | 34,297 |
| GAP INC | 34,760 | 34,760 |
| GENL ELECTRIC CO | 35,794 | 35,794 |
| HOLOGIC INC | 31,881 | 31,881 |
| HOME DEPOT INC | 49,575 | 49,575 |
| HONEYWELL INTL INC | 53,426 | 53,426 |
| INTEL CORP | 41,429 | 41,429 |
| INTL BUSINESS MACH | 49,752 | 49,752 |
| JPMORGAN CHASE & CO | 57,055 | 57,055 |
| KIMBERLY CLARK CORP | 38,707 | 38,707 |
| KRAFT FOODS INC CL A | 49,124 | 49,124 |
| LENNAR CORP | 36,188 | 36,188 |
| MBIA INC | 20,191 | 20,191 |
| MEADWESTVACO CORP | 30,006 | 30,006 |
| MORGAN STANLEY | 36,652 | 36,652 |
| MOTOROLA INC | 41,640 | 41,640 |
| PFIZER INC | 46,804 | 46,804 |
| SPRINT NEXTEL CORP SERIES 1 COMMON STOCK | 21,700 | 21,700 |
| STATE STREET CORP | 27,480 | 27,480 |
| SYMANTEC CORP | 19,418 | 19,418 |
| TENET HEALTHCARE CORP | 27,483 | 27,483 |
| TEREX CORP DELA NEW | 36,348 | 36,348 |
| TEXTRON INC | 42,812 | 42,812 |
| TIME WARNER INC NEW | 27,827 | 27,827 |
| TRAVELERS COS INC/THE | 57,548 | 57,548 |
| TYCO ELECTRONICS LTD CHF | 55,790 | 55,790 |
| TYCO INTL LTD CHF | 41,357 | 41,357 |
| UNITED STATES STEEL CORP NEW | 13,236 | 13,236 |
| VALERO ENERGY CORP NEW | 18,912 | 18,912 |
| WASTE MGMT INC NEW | 20,389 | 20,389 |
| WATSON PHARMACEUTICAL INC | 40,287 | 40,287 |
| YAHOO INC | 27,972 | 27,972 |
| ADVANCED MICRO DEVICES INC | 51,534 | 51,534 |
| ALLSTATE CORP | 62,325 | 62,325 |
| AOL INC | 50,977 | 50,977 |
| ATP OIL & GAS CORP | 49,718 | 49,718 |
| BABCOCK & WILCOX CO NEW COM | 47,009 | 47,009 |
| BANK OF AMERICA CORP | 40,620 | 40,620 |
| BARNES & NOBLE INC | 67,496 | 67,496 |
| BARRICK GOLD CORP CAD | 124,973 | 124,973 |
| BOEING COMPANY | 47,314 | 47,314 |
| CANADIAN NAT RESOURCES LTD CAD | 146,364 | 146,364 |
| CATERPILLAR INC | 88,977 | 88,977 |
| CITIGROUP INC | 42,050 | 42,050 |
| COCA COLA CO COM | 165,083 | 165,083 |
| COEUR D'ALENE MINES CORP | 56,826 | 56,826 |
| CONTINENTAL RESOURCES INC (OKLA) | 149,773 | 149,773 |
| CROWN CASTLE INTL CORP | 71,662 | 71,662 |
| DEERE AND CO | 92,601 | 92,601 |
| DEVON ENERGY CORP NEW | 40,040 | 40,040 |
| DOLE FOOD CO INC NEW | 62,011 | 62,011 |
| DR PEPPER SNAPPLE GROUP INC | 37,445 | 37,445 |
| EBAY INC | 61,922 | 61,922 |
| EMERSON ELECTRIC CO | 50,024 | 50,024 |
| EXXON MOBIL CORP | 170,004 | 170,004 |
| FLUOR CORP NEW | 46,382 | 46,382 |
| GOLDCORP INC NEW CAD | 78,166 | 78,166 |
| HESS CORP | 83,888 | 83,888 |
| INTEL CORP | 100,313 | 100,313 |
| INTL BUSINESS MACH | 107,135 | 107,135 |
| IRIDIUM COMMUNICATIONS INC COM | 24,998 | 24,998 |
| JOHNSON & JOHNSON COM | 49,171 | 49,171 |
| LAS VEGAS SANDS CORP | 119,011 | 119,011 |
| MCDONALDS CORP | 112,837 | 112,837 |
| MCMORAN EXPLORATION CO | 57,933 | 57,933 |
| MERCK & CO INC NEW COM | 59,826 | 59,826 |
| MGM RESORTS INTL | 106,178 | 106,178 |
| MOSAIC CO | 92,014 | 92,014 |
| NALCO HOLDING CO | 51,903 | 51,903 |
| NEWMONT MINING CORP (HOLDING CO) | 141,903 | 141,903 |
| NOBLE ENERGY INC | 69,725 | 69,725 |
| NOVAGOLD RESOURCES INC NEW CAD | 119,583 | 119,583 |
| NOVELLUS SYSTEMS INC | 62,701 | 62,701 |
| PROCTOR & GAMBLE CO | 31,843 | 31,843 |
| SAIC INC | 39,254 | 39,254 |
| SILVER WHEATON CORP CAD | 90,963 | 90,963 |
| SUNCOR ENERGY INC NEW CAD | 89,216 | 89,216 |
| SUNPOWER CORP CL A | 45,867 | 45,867 |
| UNITED CONTL HLDGS INC | 34,634 | 34,634 |
| VOLKSWAGEN A G SPONSORED ADR NEW GERMANY | 46,965 | 46,965 |
| WAL MART STORES INC | 115,141 | 115,141 |
| WESTERN UNION CO | 29,062 | 29,062 |
| WYNN RESORTS LTD | 29,594 | 29,594 |
| APPLE INC | 129,024 | 129,024 |
| AT&T INC | 40,368 | 40,368 |
| BANK OF NOVA SCOTIA CANADA CAD | 74,646 | 74,646 |
| BED BATH & BEYOND INC | 39,025 | 39,025 |
| BOEING COMPANY | 33,283 | 33,283 |
| CATERPILLAR INC | 76,708 | 76,708 |
| CELGENE CORP | 35,484 | 35,484 |
| CISCO SYSTEMS INC | 96,012 | 96,012 |
| COLGATE PALMOLIVE CO | 32,148 | 32,148 |
| CSX CORPORATION | 74,883 | 74,883 |
| DIAMOND OFFSHORE DRILLING INC | 37,581 | 37,581 |
| FORD MOTOR CO COM NEW | 37,156 | 37,156 |
| FREEPORT-MCMORAN COPPER & GOLD | 57,043 | 57,043 |
| HARTFORD FINCL SERVICES GROUP INC | 55,629 | 55,629 |
| HESS CORP | 122,464 | 122,464 |
| HEWLETT PACKARD CO | 90,683 | 90,683 |
| INTL BUSINESS MACH | 73,967 | 73,967 |
| JOHNSON & JOHNSON COM | 36,368 | 36,368 |
| JPMORGAN CHASE & CO | 77,713 | 77,713 |
| KIMBERLY CLARK CORP | 31,520 | 31,520 |
| LOWES COMPANIES INC | 35,889 | 35,889 |
| MATTEL INC | 36,492 | 36,492 |
| MCKESSON CORP | 38,920 | 38,920 |
| NATIONAL GRID PLC NEW SPON ADR | 34,616 | 34,616 |
| PATTERSON-UTI ENERGY INC | 53,875 | 53,875 |
| PEPSICO INC | 32,665 | 32,665 |
| PFIZER INC | 36,771 | 36,771 |
| PROCTER & GAMBLE CO | 34,738 | 34,738 |
| SCHLUMBERGER LTD NETHERLANDS ANTILLES | 37,575 | 37,575 |
| SYMANTEC CORP | 56,916 | 56,916 |
| TARGET CORP | 42,091 | 42,091 |
| TEVA PHARMACEUTICALS IND LTD ISRAEL ADR | 57,343 | 57,343 |
| UNTD TECHNOLOGIES CORP | 37,156 | 37,156 |
| VERIZON COMMUNICATIONS INC | 39,358 | 39,358 |
| CONOCOPHILLIPS | 108,960 | 108,960 |
| EXXON MOBIL CORP | 116,992 | 116,992 |
| FIFTH THIRD BANCORP | 240,632 | 240,632 |
| ACTELION LTD ALLSCHWIL CHF | 11,164 | 11,164 |
| AIR LIQUIDE ADR FRANCE ADR | 10,578 | 10,578 |
| AMADEUS IT HLDG SA EUR | 10,221 | 10,221 |
| AMP LTD ADR | 10,440 | 10,440 |
| ANGLO AMERN PLC NEW ADR | 29,478 | 29,478 |
| ANHEUSER BUSCH INBEV SPON ADR | 13,359 | 13,359 |
| ASSOCIATED BRITISH FOODS PLC NEW ADR | 12,375 | 12,375 |
| BANCO SANTANDER BRASIL ADS | 13,722 | 13,722 |
| BANK OF AYUDHYA PCL NVDR THB | 28,815 | 28,815 |
| BANK SARASIN & CIE REG B CHF | 14,091 | 14,091 |
| BARRICK GOLD CORP CAD | 12,338 | 12,338 |
| BAYER A G SPON ADR | 18,193 | 18,193 |
| BELLE INTL HLDGS LTD ADR | 7,775 | 7,775 |
| BG GROUP PLC SPON ADR | 11,934 | 11,934 |
| BHP BILLITON LTD SPON ADR | 37,168 | 37,168 |
| BNP PARIBAS SA ADR | 12,013 | 12,013 |
| BOWLEVEN PLC GBP | 11,747 | 11,747 |
| BRITISH AMER TOBACCO PLC GB | 18,104 | 18,104 |
| BUNZL PLC ORD GBP | 8,037 | 8,037 |
| CANON INC ADR JAPAN SPON ADR | 9,498 | 9,498 |
| CANON SALES JPY | 17,232 | 17,232 |
| CARNIVAL CORP NEW (PAIRED STOCK) | 10,006 | 10,006 |
| COMPANHIA SIDERURGICA | 8,468 | 8,468 |
| DBS GROUP HLDGS LTD. SPON ADR | 12,493 | 12,493 |
| DNB NOR ASA SPON ADR | 9,018 | 9,018 |
| DON QUIJOTE CO LTD ADR | 9,788 | 9,788 |
| ENERGY DEV CORP ADR | 9,139 | 9,139 |
| FAMILYMART CO LTD ADR | 13,296 | 13,296 |
| FAST RETAILING CO LTD ADR | 9,069 | 9,069 |
| FRESENIUS MEDICAL CARE AG & CO | 9,173 | 9,173 |
| FUJI MACH MFG CO LTD JPY | 13,993 | 13,993 |
| GERRY WEBER INTL AG EUR | 9,565 | 9,565 |
| GLAXO SMITHKLINE PLC ADR | 17,884 | 17,884 |
| GOME ELECTRICAL APPLIANCES HLDGS LTD ADR | 8,176 | 8,176 |
| HONGKONG LAND HLDGS LTD ADR | 11,828 | 11,828 |
| HYPERMARCAS S A SPON ADR | 14,527 | 14,527 |
| ICAP PLC SPON ADR | 16,074 | 16,074 |
| IMAGINATION TECH GROUP PLC ORD GBP | 9,738 | 9,738 |
| INPEX CORP ADR | 15,086 | 15,086 |
| JARDINE MATHESON HD-UNSP ADR ADR | 14,694 | 14,694 |
| K PLUS S AG SPON ADR | 15,448 | 15,448 |
| KIRIN HOLDINGS LTD SPON ADR | 14,062 | 14,062 |
| LLOYDS BANKING GROUP PLC SPON ADR | 9,034 | 9,034 |
| LONZA GROUP AG CHF | 7,355 | 7,355 |
| LOREAL CO ADR FRANCE ADR | 9,680 | 9,680 |
| MACARTHUR COAL LTD ADR | 9,473 | 9,473 |
| MAKITA CORP ADR JAPAN ADR | 13,482 | 13,482 |
| MAN WAH HOLDINGS LTD HKD | 14,932 | 14,932 |
| MINDRAY MEDICAL INTL LTD SPON ADR | 7,366 | 7,366 |
| MITSUBISHI CORP SPONS ADR ADR | 16,386 | 16,386 |
| MTN GROUP LTD SPON ADR | 10,268 | 10,268 |
| NESTLE S A SPONSORED ADR | 27,469 | 27,469 |
| NEW WORLD DEVELOPMENT LTD SPON ADR (HONG KONG) | 7,028 | 7,028 |
| NEWCREST MINING LTD SPON AUSTRALIA ADR | 22,283 | 22,283 |
| NINTENDO LTD ADR NEW JAPAN ADR | 10,427 | 10,427 |
| NIPPON STEEL CORP UNSPON ADR | 9,289 | 9,289 |
| NOMURA HOLDINGS INC NEW SPON ADR | 14,948 | 14,948 |
| NOVARTIS AG SPON ADR | 21,635 | 21,635 |
| PETROLEO BRASILEIRO SA SPON ADR | 11,957 | 11,957 |
| POTASH CORP SASK INC CANADA CAD | 16,557 | 16,557 |
| PTT PUB CO LTD THB | 11,550 | 11,550 |
| QBE INSURANCE GROUP LTD ORD AUD | 12,651 | 12,651 |
| ROCHE HLDG LTD SPONS ADR SWITZ ADR | 28,514 | 28,514 |
| ROSSI RESIDENCIAL S A BRL | 9,711 | 9,711 |
| SANDS CHINA LTD | 21,970 | 21,970 |
| SANTOS LTD ORD ORD AUD | 15,096 | 15,096 |
| SOFTBANK CORP ADR | 12,580 | 12,580 |
| SONY CORP ADR NEW JAPAN ADR | 17,426 | 17,426 |
| STANDARD CHARTERED PLC | 10,536 | 10,536 |
| STRAITS ASIA RES LTD ADR | 11,602 | 11,602 |
| SUMCO CORP ADR | 8,251 | 8,251 |
| SUMITOMO MITSUI FINANCIAL SPON ADR | 27,452 | 27,452 |
| SYNGENTA AG SPON ADR | 16,400 | 16,400 |
| TELE NORTE LESTE PARTICIPACOES S A ADR | 7,497 | 7,497 |
| TELEFONICA S A SPON ADR | 12,521 | 12,521 |
| THALES SPONS ORD EUR | 9,941 | 9,941 |
| TOSHIBA CORP ADR | 12,179 | 12,179 |
| TOTAL S.A. FRANCE SPON ADR | 17,114 | 17,114 |
| TOYOTA MOTOR CORP NEW JAPAN SPON ADR | 33,339 | 33,339 |
| TRANSOCEAN LTD CHF | 8,758 | 8,758 |
| TURKCELL ILETISIM HIZMETLERI | 9,165 | 9,165 |
| VODAFONE GROUP PLC NEW SPON ADR | 13,669 | 13,669 |
| WHITE ENERGY CO LTD AUD | 12,373 | 12,373 |
| WORLETYPARSONS LTD ADR | 9,312 | 9,312 |
| YAMANA GOLD INC CAD | 19,264 | 19,264 |
| ZURICH FINANCIAL SVCS SPON ADR | 14,706 | 14,706 |
| FNMA | 59,756 | 59,756 |
| FHLB CALL BOND | 25,055 | 25,055 |
| FNMA | 61,723 | 61,723 |
| FHLB | 25,266 | 25,266 |
| FHLMC BOND | 100,111 | 100,111 |
| FHLMC BOND | 49,773 | 49,773 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 8,634 | 863 | 7,771 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PAINTINGS AND ART WORK | 6,997,000 | 6,452,200 | 6,452,200 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INSURANCE | 8,901 | 0 | 8,901 | |
| SUPPLIES | 1,115 | 0 | 1,115 | |
| POSTAGE | 572 | 0 | 572 | |
| APPRAISAL | 4,500 | 0 | 4,500 | |
| FRAMING | 4,803 | 0 | 4,803 | |
| FILING FEE | 750 | 0 | 750 | |
| OTHER | 10,724 | 0 | 10,724 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON SECURITIES | 1,692,736 |
| CHANGE IN VALUE OF ARTWORK | 106,990 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | 13,194 | 0 | 13,194 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 13,770 | 1,377 | 12,393 |