| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| SMITH, DUKES & BUCKALEW -- TAX RETURN PREPARATION | 2,545 | 0 | 2,545 | |
| REGIONS BANK - TAX PRO | 150 | 0 | 150 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 110,000 CREDIT SUISSE 5.5% 05/01/14 | 114,426 | 120,631 |
| 116,000 GE CO 5% 02/01/13 | 117,519 | 124,001 |
| 170,000 GE CAP CORP 2.2% 06/08/12 | 170,609 | 173,806 |
| 173,000 GOLDMAN SACHS 1.625% 07/15/11 | 173,135 | 174,237 |
| 201,000 JOHN DEERE CAP 2.875% 06/19/12 | 201,963 | 207,681 |
| 338,000 CITIGROUP INC 2.25% 12/10/12 | 342,321 | 347,670 |
| 57,000 CATERPILLAR INC 7.9% 12/15/18 | 57,113 | 73,362 |
| 58,000 HESS CORP 8.125% 02/15/19 | 68,337 | 73,275 |
| 54,000 TALSMAN ENERGY 7.75% 06/01/19 | 62,495 | 66,666 |
| 66,000 MERRILL LYNCH CO 6.875% 04/25/18 | 65,760 | 72,228 |
| 67,000 AT&T INC 5.6% 05/15/18 | 66,238 | 74,755 |
| 67,000 ORACEL CORP 5.75% 04/15/18 | 68,219 | 76,645 |
| 67,000 VERIZON COMMUN 5.55% 02/15/16 | 67,637 | 75,102 |
| 68,000 GOLDMAN SACHS 6% 05/01/14 | 69,617 | 74,912 |
| 56,000 TIME WARNER 6.75% 07/01/18 | 60,990 | 65,278 |
| 65,000 COMCAST CORP 5.7% 07/01/19 | 65,704 | 71,062 |
| 63,000 TARGET CORP 5.375% 05/01/17 | 61,613 | 70,603 |
| 65,000 WACHOVIA CORO 5.75% 06/15/17 | 57,045 | 71,958 |
| 68,000 PETROBRAS INTL 5.75% 01/20/20 | 67,939 | 70,555 |
| 60,000 KRAFT FOODS 4.125% 02/09/16 | 60,088 | 62,983 |
| 60,000 DIRECTV HDGS 3.55% 03/15/15 | 62,184 | 60,955 |
| 65,000 BB&T CORP 3.85% 07/27/12 | 67,450 | 67,619 |
| 65,000 BARCLAYS BK 3.9% 04/07/15 | 65,081 | 67,025 |
| 64,000 CITIGROUP INC 6% 12/31/13 | 69,825 | 69,935 |
| 60,000 GOLDMAN SACHS GROUP 7.5% 02/15/19 | 65,760 | 69,959 |
| 62,000 PRUDENTIAL FINL 4.5% 11/15/20 | 61,593 | 60,633 |
| 58,000 CSX CORP 6.25% 04/01/15 | 64,153 | 65,913 |
| 67,000 CA INC 5.37% 12/01/19 | 68,301 | 69,271 |
| 50,000 HP CO 2.2% 12/01/15 | 49,955 | 49,243 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M CO - - 1,500 SHS | 113,232 | 129,450 |
| ABBOTT LABS -- 3,000 | 138,707 | 143,730 |
| ALLERGAN INC - - 2,000 SHS | 110,860 | 137,340 |
| ALTRIA GROUP -- 2,000 | 11,634 | 49,240 |
| AMERICAN EXPRESS -- 3,000 | 23,064 | 128,760 |
| APACHE CORP. - 1,500 | 83,324 | 178,845 |
| BANK OF AMERICA CORP - 7,000 | 106,878 | 93,380 |
| BARRICK GOLD CORP -- 2,000 | 45,810 | 106,360 |
| BLACK WARRIOR COAL CO -- 250 | 86,345 | 23,549 |
| BRISTOL MYERS SQUIBB -- 2,000 | 31,111 | 52,960 |
| CHEVRONTEXACO INC -- 2,000 | 119,119 | 182,500 |
| CISCO SYS INC. - 6,000 | 98,420 | 121,380 |
| COCA COLA CO -- 2,000 | 43,750 | 131,540 |
| CONOCO/PHILLIPS -- 1,500 | 15,152 | 102,150 |
| COSTCO WHSL -- 1,000 | 54,464 | 72,210 |
| CVS/CAREMARK CORP - 3,000 | 94,200 | 104,310 |
| DOMINION RES INC -- 2,000 | 24,920 | 85,440 |
| DU PONT EI DE NEMOURS -- 2,000 | 49,989 | 99,760 |
| DUKE ENERGY CORP. - 2,500 | 35,585 | 44,525 |
| EATON CORP - 2,000 | 166,033 | 203,020 |
| EMC CORP. MASS. - - 8,000 | 104,606 | 183,200 |
| EXXON MOBIL CORP -- 2,500 | 39,102 | 182,800 |
| FREEPORT-MCMORAN - - 1000 SHS | 61,590 | 120,090 |
| GOLDMAN SACHS INC - 900 | 124,306 | 151,344 |
| HALLIBURTON CO - 5,000 | 219,386 | 204,150 |
| HESS CORP - 2,500 | 140,425 | 191,350 |
| INTEL CORP -- 7,500 | 28,711 | 157,725 |
| JOHNSON & JOHNSON -- 2,500 | 28,066 | 154,625 |
| JP MORGAN CHASE & CO -- 3,500 | 66,946 | 148,470 |
| JUNIPER NETWORKS INC - 5,500 | 144,513 | 203,060 |
| MICROSOFT CORP. - 6,000 | 163,920 | 167,460 |
| MONSANTO CO - 1,300 | 94,298 | 90,532 |
| NEMONT MINING CORP. - 2,000 | 56,560 | 122,860 |
| NORFOLK SOUTHERN - 2,500 | 155,137 | 157,050 |
| NORTHROP GRUMMAN -- 1,500 | 51,431 | 97,170 |
| NUCOR CORP --2,000 | 107,130 | 87,640 |
| ORACLE CORP - 6,500 | 127,324 | 203,450 |
| PEPSICO INC. - 2,000 | 86,740 | 130,660 |
| PFIZER -- 2,000 | 7,386 | 35,020 |
| PHILLIP MORRIS IMTL INC - 2,500 | 44,934 | 146,325 |
| PROCTER & GAMBLE -- 2,500 | 31,379 | 160,825 |
| PRUDENTIAL FINL INC - 2,000 | 97,120 | 117,420 |
| QUALCOMM INC - - 3,500 | 148,745 | 173,215 |
| RAYTHEON -- 1,500 | 47,231 | 69,510 |
| ROBERT HALF INTL INC - 5,000 | 121,026 | 153,000 |
| SCHLUMBERGER LTD -- 2,500 | 34,944 | 208,750 |
| SOUTHERN CO -- 4,000 | 107,789 | 152,920 |
| STATE STREET CORP - 3,500 | 145,075 | 162,190 |
| STRYKER CORP - - 2,500 SHS | 156,012 | 134,250 |
| TEVA PHARMACEUTICAL - 2,500 | 116,467 | 130,325 |
| THERMO FISHER INC - 3,000 | 127,634 | 166,080 |
| TIFFANY & COMPANY - 3,000 | 127,787 | 186,810 |
| TRAVELERS CO - 3,000 | 143,480 | 167,130 |
| UNION PACIFIC -- 1,500 | 28,480 | 138,990 |
| UNITED TECH CORP - - 2,000 SHS | 128,998 | 157,440 |
| VERIZON COMMUNICATIONS -- 5,000 | 115,948 | 178,900 |
| WAL MART STORES - 2,500 | 143,596 | 134,825 |
| WALGREEN CO - 3,000 | 106,650 | 116,880 |
| ZIMMER HOLDINGS - 1,000 | 7,881 | 53,680 |
| MATTEL INC-- 5,500 | 119,238 | 139,865 |
| MCGRAW HILL INC-- 4,500 | 151,717 | 163,845 |
| STAPLES INC-- 5,500 | 129,769 | 125,235 |
| VF CORP--1,500 | 109,428 | 129,270 |
| VISA INC-- 1,600 | 135,317 | 112,608 |
| MERCK & CO-- 3,000 | 103,709 | 108,120 |
| CATERPILLAR INC-- 2,200 | 116,930 | 206,052 |
| GENERAL ELECTRIC CO-- 7,000 | 129,691 | 128,030 |
| AUTO DESK INC-- 4,000 | 110,147 | 152,800 |
| NEXTRA ENERGY INC-- 1,000 | 53,196 | 51,990 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AMER EUROPACIFIC GRTH FD - 13,933 | AT COST | 481,000 | 575,862 |
| ARTISAN MID CAP VALUE FD - 14,675 | AT COST | 207,000 | 294,670 |
| ARTISAN SMALL CAP VALUE FD - 17,850 | AT COST | 227,000 | 300,775 |
| BUFFALO SMALL CAP FD - 11,388 | AT COST | 227,000 | 298,487 |
| MFS RESH INTL FD - 4366.812 | AT COST | 50,000 | 68,515 |
| THORNBURG INTL VALUE FD - 20,688 | AT COST | 496,000 | 592,500 |
| BLACKROCK US OPPORTUNITIES FD-- 7,689 | AT COST | 266,000 | 317,324 |
| ISHARES RUSSELL 1000 FD-- 4,000 | AT COST | 244,640 | 259,480 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| D & O INSURANCE | 3,135 | 0 | 3,135 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SECURITY LITIGATION PROCEEDSS | 1,662 | 1,662 | 1,662 |
| FEDERAL EXCISE TAX REFUND 2007 | 3,836 | 3,836 |
| Description | Amount |
|---|---|
| BOOK/TAX TIMING DIFFERENCE | 3,432 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN WITHHOLDING TAXES | 2,470 | 2,470 | 0 | |
| EXCISE TAX PAYMENTS | 12,100 | 0 | 0 |