| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION | 995 | 995 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ATLANTIC RICHFIELD 8.5% 4/1/12 | 110,500 | 105,060 |
| IBM CORP 8.375% 11/1/19 | 109,250 | 137,207 |
| WAL MART STORES 7.25% 6/1/13 | 99,984 | 111,893 |
| E.I Du Pont De Nemours 12/15/16 | 99,654 | 115,258 |
| Target Corp 6.000% 1/15/18 | 49,597 | 59,048 |
| United Parcel Service 5.500% 1/15/18 | 49,901 | 57,746 |
| Wal MART STORES 4.250% 4/15/13 | 98,283 | 106,244 |
| Bellsouth Corp 4.750 11/15/12 | 102,191 | 104,987 |
| Coco-Cola 5.35 11/15/17 | 106,040 | 118,336 |
| Hewlett-Packard Co 5.5 03/01/18 | 105,000 | 114,930 |
| Honeywell International 4.25 03/01/13 | 104,482 | 105,721 |
| Proctor & Gamble 4.7 02/15/19 | 100,657 | 112,801 |
| SBC Communications 5.625 06/15/16 | 104,300 | 115,283 |
| Walt Disney 4.5 12/15/13 | 103,428 | 108,499 |
| Shell International 9/22/19 | 49,827 | 54,198 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| EXXON MOBIL CORP (5,300 SHS) | 8,790 | 319,160 |
| DOW CHEM CO (6,300 SHARES) | 15,604 | 219,681 |
| CONOCOPHILLIPS (1,088 SHARES) | 610 | 78,325 |
| BANK OF AMERICA (400 SHARES) | 10,824 | 10,000 |
| CITIGROUP CAP IX (400 SHARES) | 10,228 | 9,248 |
| GENERAL ELEC CAP (400 SHARES) | 10,528 | 10,128 |
| PROCTOR & GAMBLE CO (4,000 shares) | 5,016 | 245,960 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OIL & GAS PROPERTIES | 29 | -4,233 | 149,748 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Mineral Interest Expense | 15,118 | 15,118 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTY INCOME | 32,347 | 32,347 | 32,347 |
| Return of prior year grant | 2,270 | 2,270 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 781 | 0 | 0 |