| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1MM HYDRO QUEBEC | 1,011,141 | 1,137,310 |
| 2300M CITIGROUP | 2,307,786 | 2,413,505 |
| 1MM GOLDMAN SACHS GROUP | 1,017,126 | 1,057,460 |
| 700M PRUDENTIAL FINL | 0 | 0 |
| 1400M WELLS FARGO COMPANY | 1,422,947 | 1,550,052 |
| 1600M GE CAPITAL INTERNOTES | 1,600,005 | 1,713,824 |
| 500M AT&T, INC. | 515,052 | 562,790 |
| 1865M PFIZER, INC. | 2,001,641 | 2,184,586 |
| 500M MERRILL LYNCH & CO., INC. | 527,765 | 538,490 |
| 250M GENL ELECTRIC CAP CORP NOTE | 261,281 | 283,030 |
| 500M GOLDMAN SACHS GROUP INC | 472,673 | 479,575 |
| 500M VALERO ENERGY CORP NOTES | 588,309 | 567,280 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MELODY RANCH MUSIC, INC. | 1,000 | 1,000 |
| RIDGEWAY MUSIC, INC. | 52,500 | 52,500 |
| GOLDEN WEST MELODIES | 5,500 | 5,500 |
| 12M INTEL CORP. | 292,313 | 252,360 |
| 41,600 SHS MICROSOFT | 727,675 | 1,161,056 |
| 68000 SHS WELLS FARGO CAPITAL XII | 1,700,005 | 1,823,760 |
| 17500 SHS BANK OF AMERICA CORP. | 498,349 | 233,450 |
| 6190 SHS CIT GROUP | 218,931 | 291,549 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 19231.02 SHS JANUS FD INC MERCURY FD | AT COST | 826,660 | 568,322 |
| 71917 CIT GROUP SECURED NOTE | AT COST | 71,917 | 73,355 |
| 107875 CIT GROUP SECURED NOTE | AT COST | 107,875 | 108,954 |
| 107875 CIT GROUP SECURED NOTE | AT COST | 107,875 | 108,145 |
| 179793 CIT GROUP SECURED NOTE | AT COST | 179,793 | 180,467 |
| 251710 CIT GROUP SECURED NOTE | AT COST | 251,710 | 252,339 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| TANGIBLE PERSONAL PROPERTY | 422,040 | 422,040 | 422,040 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ROYALTIES | 2,061 | 2,061 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTIES | 108,109 | 108,109 | 108,109 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 18,879 | 0 | 0 | |
| FRANCHISE TAX BOARD | 10 | 0 | 10 | |
| REGISTRATION FEE | 75 | 0 | 75 | |
| FOREIGN TAX | 55 | 55 | 0 |