| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MORGAN STANLEY CAP TR IV 6.25% | 5,033 | 4,918 |
| MORGAN STANLEY CAP TR IV 6.25% | 67,945 | 66,393 |
| MORGAN STANLEY CAP TR IV 6.25% | 25,000 | 24,590 |
| CITIGROUP CAP TRUST 6.00% | 25,110 | 23,850 |
| FLEET CAPITAL 7.2% | 25,000 | 25,570 |
| NEXTERA ENERGY | 51,684 | 50,960 |
| GE CAPITAL NOTES | 96,390 | 107,562 |
| GE CAPITAL 6.00% NOTES | 2,293 | 2,561 |
| FPC CAPITAL I 7.1% | 63,605 | 64,375 |
| FPC CAPITAL I 7.1% | 12,711 | 12,875 |
| FPC CAPITAL I 7.1% | 24,920 | 25,750 |
| BAC CAPITAL TRUST II | 2,648 | 2,513 |
| BAC CAPITAL TRUST II | 23,328 | 22,617 |
| BAC CAPITAL TRUST II | 25,090 | 25,130 |
| AT&T BONDS | 27,768 | 31,824 |
| AT&T BONDS | 18,504 | 21,216 |
| AT&T BONDS | 46,240 | 53,040 |
| AT&T 6.375% NOTES 2056 | 6,930 | 7,956 |
| NORFOLK SOUTHERN 5.257% BONDS 2014 | 100,651 | 111,406 |
| DUKE CAPITAL 5.558% BONDS 2014 | 151,741 | 166,967 |
| HOSPITALITY PROP 5.125% BONDS 2015 | 62,696 | 79,685 |
| BUCKEYE PARTNERS 503% BONDS 2014 | 151,217 | 166,811 |
| ARCELORMITTAL 6.125% BONDS 2018 | 88,000 | 107,978 |
| ALCAN 5.2% BONDS 2014 | 100,000 | 109,077 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 425 SHRS VERIZON COMM | 13,960 | 15,695 |
| 50 SHRS VERIZON COMM | 1,564 | 1,846 |
| 600 SHRS VERIZON COMM | 18,771 | 22,158 |
| 850 SHRS VERIZON COMM | 25,111 | 31,391 |
| 160 ROYAL DUTCH SHELL | 10,268 | 11,429 |
| 350 ROYAL DUTCH SHELL | 20,412 | 25,000 |
| 470 ROYAL DUTCH SHELL | 25,026 | 33,572 |
| 800 SHRS PFIZER INC | 14,414 | 17,160 |
| 1175 SHRS PFIZER INC | 20,363 | 25,204 |
| 1525 SHRS PFIZER INC | 24,940 | 32,711 |
| 620 SHRS PPL CORP | 17,441 | 17,478 |
| 725 SHRS PPL CORP | 20,305 | 20,438 |
| 900 SHRS PPL CORP | 25,049 | 25,371 |
| 250 SHRS KIMBERLY CLARK | 16,857 | 17,075 |
| 300 SHRS KIMBERLY CLARK | 20,288 | 20,490 |
| 100 SHRS KIMBERLY CLARK | 6,569 | 6,830 |
| 100 SHRS KIMBERLY CLARK | 6,568 | 6,830 |
| 80 SHRS KIMBERLY CLARK | 5,253 | 5,464 |
| 100 SHRS KIMBERLY CLARK | 6,562 | 6,830 |
| 500 SHRS KRAFT FOODS | 16,012 | 17,485 |
| 650 SHRS KRAFT FOODS | 20,375 | 22,731 |
| 125 SHRS KRAFT FOODS | 3,828 | 4,371 |
| 500 SHRS KRAFT FOODS | 15,307 | 17,485 |
| 200 SHRS KRAFT FOODS | 6,121 | 6,994 |
| 560 SHRS HEALTH CARE REIT | 13,754 | 14,627 |
| 425 SHRS HEALTH CARE REIT | 20,264 | 22,606 |
| 560 SHRS HEALTH CARE REIT | 25,052 | 29,786 |
| 335 SHRS CONSOLIDATED EDISON | 16,417 | 17,775 |
| 425 SHRS CONSOLIDATED EDISON | 20,627 | 22,551 |
| 530 SHRS CONSOLIDATED EDISON | 25,120 | 28,122 |
| 530 SHRS AT&T | 15,303 | 16,727 |
| 700 SHRS AT&T | 19,871 | 22,092 |
| 950 SHRS AT&T | 25,261 | 29,982 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 2200.556 BLACKROCK GLOB ALLOC FD | AT COST | 44,850 | 45,090 |
| 2383.658 BLACKROCK EQUITY FD | AT COST | 45,016 | 45,123 |
| 1479.734 CGM ADVISOR TARG EQTY FD | AT COST | 12,223 | 14,413 |
| 502.585 THORNBURG INTL FD | AT COST | 11,009 | 14,203 |
| 391.369 FRANKLIN MUTUAL GLOBAL FD | AT COST | 10,284 | 12,070 |
| 341.882 FRANKLIN MUTUAL GLOBAL DISC FD | AT COST | 11,798 | 14,971 |
| 1443.019 FRANKLIN MUTUAL GLOBAL DISC FD | AT COST | 44,850 | 45,556 |
| 5069.336 FRANKLIN UTILITIES FD | AT COST | 56,657 | 63,924 |
| 604.094 BLACKROCK GLOBAL FD | AT COST | 9,818 | 11,466 |
| 197.180 BLACKROCK LATIN AMER FD | AT COST | 14,960 | 14,447 |
| 730.086 BLACKROCK EQUITY FD | AT COST | 10,971 | 13,500 |
| 2254.514 INVESCO INTL SMALL FD | AT COST | 44,850 | 45,654 |
| 3860.079 CGM ADV TERG EQUITY FD | AT COST | 44,850 | 43,194 |
| 3716.274 NEUBERGER BERMAN REAL EST FD | AT COST | 44,850 | 47,791 |
| 648.199 ING VALUE FD | AT COST | 9,505 | 11,603 |
| 1420.379 BLACKROCK HL SC OPP FD | AT COST | 44,850 | 47,057 |
| 922.919 COLUMBIA SELIGMAN COMM Z FD | AT COST | 44,849 | 45,906 |
| 3373.689 AMERICAN CENT CAP VALUE FD | AT COST | 44,850 | 45,072 |
| 1699.233 SENTINEL SMALL CO FD | AT COST | 10,059 | 13,424 |
| 605.668 WELLS FARGO EMERGIN G MKTS FD | AT COST | 14,960 | 14,724 |
| 710.766 PRUDENTIAL JENNISON Z FD | AT COST | 44,850 | 42,603 |
| 293.852 PRUDENTIAL JENNISON NAT RES FD | AT COST | 10,920 | 14,443 |
| 2010.374 ROYCE SPECIAL EQUITY FD | AT COST | 44,850 | 43,866 |
| 2471.782 JANUS TRITON FD | AT COST | 44,850 | 45,357 |
| 698.270 TOUCHSTONE MID CAP FD | AT COST | 11,172 | 14,791 |
| 624.656 MATTHEWS ASIAN FD | AT COST | 14,961 | 15,079 |
| 422.898 BLACKROCK HL FD | AT COST | 10,831 | 12,793 |
| 370.422 COLUMBIA SELIGMAN COMM FD | AT COST | 11,580 | 14,602 |
| 1519.2180 INVESCO INTL SMALL CO FD | AT COST | 21,871 | 29,564 |
| 1930.3270 WESTCORE SELECT FD | AT COST | 44,850 | 44,803 |
| 1471.5170 THORNBURG INTL FD | AT COST | 44,850 | 45,249 |
| 2350 SHRS KAYNE ANDERSON MLP | AT COST | 61,876 | 69,160 |
| 10000 OZ SILVER BULLION | AT COST | 45,300 | 384,330 |
| 200 OZ GOLD BULLION | AT COST | 67,950 | 307,300 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 3,021 | 755 | 0 | 2,266 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CHECK SUPPLIES | 15 | 15 |
| Description | Amount |
|---|---|
| BASIS CORRECTION - RETURN OF PRINCIPAL | 1,003 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION | 1,700 | 1,275 | 0 | 425 |
| INVESTMENT ADVISORY FEES | 1,871 | 1,871 | 0 | 0 |
| Name | Address |
|---|---|
| DIANE BRADLEY |
2 WEST BUTLER AVENUE DOYLESTOWN,PA18901 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| S. 4940 TAX ON NET INVESTMENT INCOME | 4,258 | |||
| FOREIGN DIVIDEND TAX | 247 | 247 | ||
| DELAWARE LLC TAX | 250 | 250 |