| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,085 | 4,085 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| APPLIED MATERIALS INC SENIOR NOTES 7.125% | 25,719 | 29,527 |
| DUKE CAPITAL CORP SENIOR NOTES 8.000% | 27,714 | 30,457 |
| MICHIGAN BELL TELEPHONE DEBENTURES 7.850% | 27,247 | 28,685 |
| KRAFT FOODS INC NOTES 6.250% | 25,439 | 26,743 |
| CAPITAL ONE BANK NOTES 6.500% | 25,753 | 27,374 |
| CHESAPEAKE ENERGY CORP SENIOR NOTES 7.000% | 0 | 0 |
| AMERICAN EXPRESS SENIOR NOTES 7.000% | 26,253 | 29,119 |
| BURLINGTON NORTHERN SANTA FE | 25,313 | 29,150 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PUBLIC STORAGE INC - 400 SH | 10,340 | 10,172 |
| BEST BUY, INC. - 450 SH | 7,450 | 15,431 |
| LOWES COS INC - 500 SH | 0 | 0 |
| TARGET CORP - 500 SH | 16,254 | 30,065 |
| ALTRIA GROUP INC - 1,000 SH | 13,051 | 24,620 |
| PEPSICO INC - 700 SH | 34,583 | 45,731 |
| ANADARKO PETE CORP - 1,000 SH | 24,211 | 76,160 |
| APACHE CORP - 500 SH | 18,885 | 59,615 |
| BERKSHIRE HATHAWAY INC CL B - 500 SH | 23,669 | 40,055 |
| CAPITAL ONE FINANCIAL CORP - 520 SH | 16,653 | 22,131 |
| ING GROEP N V - 13,875 SH | 481,462 | 135,836 |
| STATE STREET CORP - 380 SH | 0 | 0 |
| WELLS FARGO & CO - 901 SH | 25,384 | 27,922 |
| JOHNSON & JOHNSON INC - 500 SH | 28,306 | 30,925 |
| STRYKER CORP - 400 SH | 0 | 0 |
| FEDEX CORP - 400 SH | 33,741 | 37,204 |
| CISCO SYSTEMS INC - 1,200 SH | 30,533 | 24,276 |
| QUALCOMM INC - 500 SH | 8,298 | 24,745 |
| NUCOR CORP - 400 SH | 4,622 | 17,528 |
| TEVA PHARMACEUTICAL INDS LTD - 300 SH | 7,548 | 15,639 |
| PROCTER & GAMBLE CO - 500 SH | 27,195 | 32,165 |
| CHESAPEAKE ENERGY CORP - 1,200 SH | 34,299 | 31,092 |
| CHEVRON CORP - 500 SH | 29,607 | 45,625 |
| GOLDMAN SACHS GROUP INC - 100 SH | 15,234 | 16,816 |
| ALLERGEN INC - 400 SH | 14,839 | 27,468 |
| AMERICAN CAPITAL LTD - 3,000 SH | 67,939 | 22,680 |
| TRANSOCEAN INC - 300 SH | 23,916 | 20,853 |
| CME GROUP INC - 100 SH | 46,813 | 32,175 |
| FRANKLIN RESOURCES INC - 150 SH | 15,347 | 16,682 |
| ALCON INC - 150 SH | 0 | 0 |
| EXPRESS SCRIPTS INC - 800 SH | 21,156 | 43,240 |
| GILEAD SCIENCES INC - 600 SH | 0 | 0 |
| WELLPOINT INC - 500 SH | 0 | 0 |
| CATERPILLAR INC - 600 SH | 30,986 | 56,196 |
| ROPER INDS INC - 600 SH | 33,695 | 45,858 |
| UNION PACIFIC CORP - 400 SH | 22,701 | 37,064 |
| 3M CO - 200 SH | 14,180 | 17,260 |
| ADOBE SYSTEMS INC - 500 SH | 0 | 0 |
| APPLE INC - 250 SH | 26,163 | 80,640 |
| AUTODESK INC - 500 SH | 0 | 0 |
| MASTERCARD INC - 250 SH | 45,025 | 56,028 |
| ISHARES S&P SMALL CAP 600 - 1,500 SH | 94,801 | 102,705 |
| ISHARES S&P MIDCAP 400 - 1,300 SH | 102,377 | 117,897 |
| ISHARES MSCI EAFE INDEX FUND - 550 SH | 31,280 | 32,021 |
| ISAHRES MSCI EMERGING MARKET - 1,200 SH | 45,619 | 57,170 |
| STRAYER EDUCATION INC - 50 SH | 0 | 0 |
| PHILIP MORRIS INTERNATIONAL INC - 700 SH | 15,827 | 40,971 |
| WATERS CORP - 500 SH | 26,360 | 38,855 |
| GOOGLE INC - 50 SH | 22,270 | 29,699 |
| POTASH CORP OF SASKATCHEWAN INC - 100 SH | 0 | 0 |
| FLUOR CORP - 500 SH | 25,524 | 33,130 |
| GENERAL ELECTRIC CO - 1,000 SH | 13,760 | 18,290 |
| RESEARCH IN MOTION LTD - 400 SH | 27,477 | 23,252 |
| AMAZON.COM - 50 SHARES | 7,994 | 9,000 |
| CARNIVAL CORP - 200 SHARES | 8,715 | 9,222 |
| DIRECTV CL A - 300 SHARES | 11,859 | 11,979 |
| MCDONALDS CORP | 19,343 | 23,028 |
| VISA INC - 200 SHARES | 14,456 | 14,076 |
| EMERSON ELECTRIC CO - 200 SHARES | 10,774 | 11,434 |
| DOLBY LABORATORIES INC - 100 SHARES | 6,407 | 6,670 |
| HEWLETT PACKARD CO - 300 SHARES | 12,919 | 12,630 |
| RACKSPACE HOSTING INC - 200 SHARES | 5,150 | 6,282 |
| BHP BILLITON LTD - 200 SHARES | 17,010 | 18,584 |
| ISHARES MSCI PACIFIC EX JAPAN - 400 SHARES | 17,757 | 18,792 |
| ISHARES S&P LATIN AMERICA - 400 SHARES | 20,049 | 21,544 |
| Description | Amount |
|---|---|
| ADJUSTMENT TO BASIS OF CONTRIBUTED STOCK | 42,908 |
| ADJUSTMENT TO BASIS OF STOCK | 150 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 13,893 | 13,893 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 330 | 0 | 0 |