| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| $250,000 DEUTSCHE BANK AG LONDON 5.0% DUE 10/12/2010 | 0 | 0 |
| $300,000 IBM INTL GROUP CAPITAL 5.05% DUE 10/22/2012 | 310,710 | 322,566 |
| $250,000 SOVEREIGN BANCORP 4.9% DUE 09/23/2010 | 0 | 0 |
| $250,000 MANUFACTURERS & TRANDERS TR CO DUE 12/01/2021 | 187,813 | 234,488 |
| $300,000 METLIFE INC NTS 5.0% DUE 11/24/2013 | 284,805 | 324,759 |
| $250,000 PNC FUNDING CORP DUE 12/14/2010 | 0 | 0 |
| $250,000 WEYERHAEUSER CO NTS 6.75% DUE 03/15/2012 | 220,063 | 264,413 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 5,500 SHS AVERY DENNISON CORP | 216,964 | 232,870 |
| 10,000 SHS GENERAL ELECTRIC CO | 159,001 | 182,900 |
| 4,500 SHS 3M COMPANY | 353,707 | 388,350 |
| 1,900 SHS VEOLIA ENVIRONMNET SPON ADR | 164,611 | 55,784 |
| 2,000 SHS GENUINE PARTS CO | 56,978 | 102,680 |
| 5,000 SHS LEGGETT & PLATT INC | 73,596 | 113,800 |
| 1,500 SHS MCDONALDS CORP | 0 | 0 |
| 5,000 SHS NEWELL RUBBERMAID | 0 | 0 |
| 5,000 SHS AVON PRODUCTS | 147,822 | 145,300 |
| 3,000 SHS COLGATE-PALMOLIVE | 131,413 | 241,110 |
| 3,000 SHS KIMBERLY-CLARK CORP | 179,149 | 189,120 |
| 5,000 SHS KROGER CO | 102,339 | 111,800 |
| 6,000 SHS SYSCO CORP | 136,696 | 176,400 |
| 4,000 SHS UNILEVER NV NEW YORK | 119,840 | 125,600 |
| 1,000 SHS ANADARKO PETROLEUM CORP | 43,633 | 76,160 |
| 2,500 SHS EXXON MOBIL CORP | 163,186 | 182,800 |
| 3,000 SHS DEUTSCHE BANK AG - REG | 252,781 | 156,150 |
| 4,000 SHS ALLSTATE CORP | 123,531 | 127,520 |
| 6,000 SHS BANCORPSOUTH INC | 127,534 | 95,700 |
| 3,000 SHS BANK NEW YORK MELLON CORP COM | 0 | 0 |
| 9,900 SHS FIDELITY NATIONAL FINANCIAL INC | 0 | 0 |
| 2,500 SHS GENERAL GROWTH PROPERTIES | 0 | 0 |
| 2,842 SHS HSBC HOLDINGS PLC | 140,998 | 145,056 |
| 4,000 SHS HANNOVER RUECKVERSICHER | 92,100 | 106,800 |
| 2,500 SHS M&T BK CORP | 0 | 0 |
| 4,045 SHS NATIONAL AUSTRALIA BK LTD | 0 | 0 |
| 3,000 SHS US BANCORP DEL | 0 | 0 |
| 10,000 SHS REDWOOD TR INC | 147,190 | 149,300 |
| 3,000 SHS WELLS FARGO & COMPANY | 80,386 | 92,970 |
| 15,000 SHS WILIMINGTON TRUST CORP | 108,081 | 65,100 |
| 4,000 SHS DUPONT E I DE NEMOURS | 166,522 | 199,520 |
| 9,460 SHS WEYERHAEUSER CO | 316,158 | 179,078 |
| 3,000 SHS AUTOMATIC DATA PROCESSING | 126,844 | 138,840 |
| 4,000 SHS EMC CORP | 0 | 0 |
| 1,500 SHS INTERNATIONAL BUSINESS MACHINES | 164,278 | 220,140 |
| 5,000 SHS MICROSOFT CORP | 127,392 | 139,550 |
| 6,000 SHS DPL INC | 162,089 | 154,260 |
| 3,000 SHS DOMINION RESOURCES | 95,690 | 128,160 |
| 7,000 SHS DUKE ENERGY CORP | 128,312 | 124,670 |
| 3,000 SHS FPL GROUP | 0 | 0 |
| 4,000 SHS PPL CORPORATION | 179,584 | 105,280 |
| 5,000 SHS SOUTHERN CO | 137,100 | 191,150 |
| 5,005 SHS BRISTOL MYERS SQUIBB CO | 110,046 | 132,532 |
| 3,000 SHS JOHNSON & JOHNSON | 36,301 | 185,550 |
| 4,000 SHS LILLY ELI & CO | 137,311 | 140,160 |
| 3,000 SHS MERCK & CO | 102,300 | 108,120 |
| 1,701 SHS MEAD JOHNSON NUTRITION CO-A | 0 | 0 |
| 7,500 SHS PFIZER INC | 0 | 0 |
| 2,550 SHS ST JUDE MEDICAL INC | 0 | 0 |
| 6,000 SHS AT&T INC | 159,240 | 176,280 |
| 10,000 SHS DEUTSCHE TELEKOM AG | 128,300 | 128,000 |
| 6,000 SHS FRANCE TELECOM | 131,495 | 126,480 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 3963 SHS KINDER MORGAN MANAGEMENT LLC | AT COST | 99,345 | 265,045 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 28,754 | 0 | 28,754 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OHIO ATTORNEY GENERAL FILING FEE | 200 | 0 | 200 | |
| PNC BANK FEES | 5,599 | 5,599 | 0 | |
| FOREIGN PROCESSING FEE | 128 | 128 | 0 | |
| CHECKING SERVICE FEE | 162 | 0 | 162 |
| Description | Amount |
|---|---|
| OID/ROUNDING/COST BASIS ADJUSTMENT | 2 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AGENCY FEES | 58,057 | 58,057 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX WITHHELD | 2,790 | 2,790 | 0 | |
| 2010 ESTIMATED TAX PAYMENTS | 4,000 | 0 | 0 |