| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 1,750 | 0 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BELLSOUTH CORP NT | 51,118 | 55,275 |
| BOEING CO 5.125% | 50,196 | 52,421 |
| EMERSON ELECTRIC 5.25% | 58,145 | 59,131 |
| JOHNSON & JOHNSON NT | 87,905 | 90,539 |
| JP MORGAN CHASE 6.0% | 54,847 | 55,784 |
| MORGAN STANLEY 5.3% | 51,208 | 50,612 |
| PITNEY BOWES 3.652% | 57,639 | 53,657 |
| SBC COMM INC 5.625% | 52,417 | 57,359 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 439 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT | 6,142 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| US TREASURY 2011 ESTIMAED TAX PAYMENTS | 560 | 0 | 0 | 0 |
| US TREASURY 2010 990PF TAX LIABILITY | 442 | 0 | 0 | 0 |