TY 2011 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2011

For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
LOUISE B DISMUKES CHARITABLE TRUST

Number and street (or P.O. box number if mail is not delivered to street address)C/O REGIONS BANK TRUST DEPT PO BOX Room/suite

City or town, state, and ZIP code
MOBILE, AL366522886

A Employer identification number

31-1691254

B Telephone number (see page 10 of the instructions)

(251) 690-1024

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$2,537,096J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	16		16
4	Dividends and interest from securities......	74,013		69,217
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		61,007
b	Gross sales price for all assets on line 6a 1,447,715
7	Capital gain net income (from Part IV, line 2)...			61,007
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		16
12	Total. Add lines 1 through 11........	135,052		130,240
13	Compensation of officers, directors, trustees, etc.	21,815		17,452		4,363
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,025	0	0	1,025
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see page 14 of the instructions)		2,520	367		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		16
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	25,376		17,819	0	5,388
25	Contributions, gifts, grants paid........	117,078				117,078
26	Total expenses and disbursements. Add lines 24 and 25	142,454		17,819	0	122,466
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-7,402
b	Net investment income (if negative, enter -0-)			112,421
c	Adjusted net income (if negative, enter -0-)...				0

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2011)

Form 990-PF (2011)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	100,937	40,848	40,848
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	624,741	678,299	699,039
	b	Investments—corporate stock (attach schedule)........	886,605	952,576	1,211,910
	c	Investments—corporate bonds (attach schedule)........	640,065	567,811	585,299
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,252,348	2,239,534	2,537,096
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	2,252,348	2,239,534
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	2,252,348	2,239,534
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	2,252,348	2,239,534

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	2,252,348
2	Enter amount from Part I, line 27a.....................	2	-7,402
3	Other increases not included in line 2 (itemize)	3	2,362
4	Add lines 1, 2, and 3..........................	4	2,247,308
5	Decreases not included in line 2 (itemize)	5	7,774
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	2,239,534

Form 990-PF (2011)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	2000. FEDERAL HOME LOAN MORTGAGE CORP 5.75% DTD 1/14/02 DUE 1/15/2012	2009-12-14	2011-01-07
b	2000. FANNIE MAE DTD 03/07/08 2.75% 04/11/2011	2009-10-06	2011-01-07
c	3891.13 FEDERAL HOME LOAN MTG CORP POOL #G13174 DTD 05/01/08 5% 06/01/	2009-06-08	2011-01-18
d	463.42 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%	2010-12-07	2011-01-18
e	715.52 FEDERAL HOME LOAN MTG CORP POOL #G18045	2010-02-09	2011-01-18
	3522.56 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-01-25
	225.37 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-01-25
	343.21 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-01-25
	880.33 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-01-25
	30000. CITIGROUP INC FDIC GUARANTEED DTD 08/06/2009 2.25% 12/10/2012	2009-12-15	2011-01-28
	15000. UNITED STATES TREASURY N/B DTD 11/30/09	2011-01-26	2011-01-28
	37000. UNITED STATES TREASURY N/B DTD 11/30/09	2011-01-26	2011-02-07
	2000. GENERAL ELECTRIC CO 5% 02/01/2013	2009-06-08	2011-02-09
	12000. GENERAL ELECTRIC CO 5% 02/01/2013	2009-06-08	2011-02-09
	25000. UNITED STATES TREASURY N/B DTD 11/30/09	2011-01-26	2011-02-14
	2475.94 FEDERAL HOME LOAN MTG CORP POOL #G13174 DTD 05/01/08 5% 06/01/	2009-06-08	2011-02-15
	457.74 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%	2010-12-07	2011-02-15
	555.6 FEDERAL HOME LOAN MTG CORP POOL #G18045	2010-02-09	2011-02-15
	3010.45 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-02-25
	193.64 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-02-25
	275.17 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-02-25
	871.15 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-02-25
	1000. ANHEUSER-BUSCH INBEV WOR DTD 01/27/2011	2011-01-28	2011-03-07
	2000. BARCLAYS BANK PLC DTD 04/07/2010 3.9% 04	2010-03-31	2011-03-07
	1000. CSX CORP DTD 3/27/08 6.25% 04/01/2015	2010-02-10	2011-03-07
	1000. CATERPILLAR INC DTD 12/05/08 7.9% 12/15/	2009-06-08	2011-03-07
	3000. CREDIT SUISSE NEW YORK DTD 5/4/09 5.5% 0	2010-02-09	2011-03-07
	2000. JOHN DEERE CAPITAL CORP INSD: FDIC DTD 12/19/08 2.875% 06/19/201	2010-02-09	2011-03-07
	4000. FANNIE MAE DTD 03/07/08 2.75% 04/11/2011	2010-02-09	2011-03-07
	2000. GENERAL ELEC CAP CORP FDIC INSURED DTD 01/08/09 2.2% 06/08/2012	2010-02-09	2011-03-07
	1000. GOLDMAN SACHS GROUP INC DTD 2/5/09 7.5%	2010-05-20	2011-03-07
	1000. GOLDMAN SACHS GROUP INC DTD 5/6/09 6% 05	2010-02-09	2011-03-07
	2000. GOLDMAN SACHS GROUP INC FDIC INSURED DTD 01/21/09 1.625% 07/15/2	2010-02-09	2011-03-07
	1000. HESS CORPORATION DTD 2/3/09 8.125% 02/15	2010-02-09	2011-03-07
	2000. KRAFT FOODS INC DTD 02/08/2010 4.125% 02	2010-02-05	2011-03-07
	1000. MERRILL LYNCH & CO INC SERIES: MTN DTD 04/25/08 6.875% 04/25/201	2009-07-23	2011-03-07
	2035.64 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375	2010-02-09	2011-03-07
	12000. UNITED STATES TREASURY N/B DTD 11/30/09	2010-04-30	2011-03-07
	2000. VERIZON COMMUNICATIONS 5.55% 02/15/201	2009-06-08	2011-03-07
	2000. ONTARIO (PROVINCE OF) DTD 01/27/2011 1.3	2011-01-31	2011-03-08
	1000. TALISMAN ENERGY INC DTD 6/1/09 7.75% 06/	2009-09-28	2011-03-08
	9000. VERIZON COMMUNICATIONS 5.55% 02/15/201	2009-06-08	2011-03-10
	3000. VERIZON COMMUNICATIONS 5.55% 02/15/201	2010-04-07	2011-03-10
	2218.11 FEDERAL HOME LOAN MTG CORP POOL #G13174 DTD 05/01/08 5% 06/01/	2009-06-08	2011-03-15
	595.99 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13442 DTD 01/01/2009 5%	2011-02-07	2011-03-15
	357.29 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%	2010-12-07	2011-03-15
	620.2 FEDERAL HOME LOAN MTG CORP POOL #G18045	2010-02-09	2011-03-15
	450. ABBOTT LABS W/RIGHTS ATTACHED EXP 11/10/2009	2004-04-30	2011-03-25
	317. CVS CORP	2003-09-11	2011-03-25
	124. CHEVRONTEXACO CORP COM	2002-10-30	2011-03-25
	120. EXXON MOBIL CORP	2002-05-17	2011-03-25
	326.84 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0	2011-02-07	2011-03-25
	3957.89 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-03-25
	83.7 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-03-25
	265.67 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-03-25
	510.66 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-03-25
	573. INTEL CORP COM	2004-06-29	2011-03-25
	252. NORFOLK SOUTHN CORP COM W/RIGHTS ATTACHED EXP 9/26/2010	2009-04-06	2011-03-25
	543. ORACLE CORPORATION COM	2008-12-01	2011-03-25
	377. QUALCOMM INC	2005-08-26	2011-03-25
	295. WALMART STORES INC COM	2009-05-12	2011-03-25
	1000. ANHEUSER-BUSCH INBEV WOR DTD 01/27/2011	2011-01-28	2011-04-07
	1000. FEDERAL HOME LOAN MORTGAGE CORP 5.75% DTD 1/14/02 DUE 1/15/2012	2010-02-09	2011-04-07
	1000. GENERAL ELECTRIC CO 5% 02/01/2013	2010-02-09	2011-04-07
	2000. GENERAL ELECTRIC CAPITAL CORP DTD 02/11/	2011-02-09	2011-04-07
	1000. MERRILL LYNCH & CO INC SERIES: MTN DTD 04/25/08 6.875% 04/25/201	2009-07-23	2011-04-07
	53000. FANNIE MAE DTD 03/07/08 2.75% 04/11/2011	2010-04-07	2011-04-11
	2520.12 FEDERAL HOME LOAN MTG CORP POOL #G13174 DTD 05/01/08 5% 06/01/	2009-06-08	2011-04-15
	603.29 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13442 DTD 01/01/2009 5%	2011-02-07	2011-04-15
	290.42 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%	2010-12-07	2011-04-15
	1031.8 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13900 DTD 08/01/2010 5%	2011-03-07	2011-04-15
	293.67 FEDERAL HOME LOAN MTG CORP POOL #G18045	2010-02-09	2011-04-15
	422.29 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0	2011-02-07	2011-04-25
	1882.33 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-04-25
	85.45 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-04-25
	229.73 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-04-25
	472.26 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-04-25
	1000. AT&T INC DTD 05/13/08 5.6% 05/15/2018	2010-04-07	2011-05-06
	1000. CA INC DTD 11/13/09 5.375% 12/01/2019	2010-04-16	2011-05-06
	1000. COMCAST CORP DTD 06/18/09 5.7% 07/01/201	2010-02-09	2011-05-06
	1000. DIRECTV HOLDGS/FING DTD 03/11/2010 3.55%	2010-09-15	2011-05-06
	1000. GOLDMAN SACHS GROUP INC FDIC INSURED DTD 01/21/09 1.625% 07/15/2	2010-02-09	2011-05-06
	1000. ONTARIO (PROVINCE OF) DTD 01/27/2011 1.3	2011-01-31	2011-05-06
	1000. TARGET CORP CALLABLE 5.375% 05/01/2017	2010-04-07	2011-05-06
	1029.52 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375	2009-11-10	2011-05-06
	1000. UNITED STATES TREASURY DTD 02/16/2010 3.	2010-05-03	2011-05-06
	2000. UNITED STATES TREASURY N/B DTD 11/15/201	2010-12-10	2011-05-06
	1000. WACHOVIA CORP DTD 06/08/07 5.75% 06/15/2	2010-02-09	2011-05-06
	1494.45 FEDERAL HOME LOAN MTG CORP POOL #G13174 DTD 05/01/08 5% 06/01/	2009-06-08	2011-05-16
	472.18 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13442 DTD 01/01/2009 5%	2011-02-07	2011-05-16
	260.7 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5% 0	2010-12-07	2011-05-16
	993.19 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13900 DTD 08/01/2010 5%	2011-03-07	2011-05-16
	318.04 FEDERAL HOME LOAN MTG CORP POOL #G18045	2010-02-09	2011-05-16
	370.16 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0	2011-02-07	2011-05-25
	1768.62 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-05-25
	157.1 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-05-25
	142.9 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-05-25
	361.7 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-05-25
	14000. ANHEUSER-BUSCH INBEV WOR DTD 01/27/2011	2011-01-28	2011-06-07
	12000. CSX CORP DTD 3/27/08 6.25% 04/01/2015	2010-04-07	2011-06-07
	13000. CA INC DTD 11/13/09 5.375% 12/01/2019	2010-04-16	2011-06-07
	2000. CITIGROUP INC DTD 06/15/2010 6% 12/13/20	2010-12-13	2011-06-07
	3000. CITIGROUP INC FDIC GUARANTEED DTD 08/06/2009 2.25% 12/10/2012	2009-12-15	2011-06-07
	12000. COMCAST CORP DTD 06/18/09 5.7% 07/01/201	2010-02-09	2011-06-07
	1000. CREDIT SUISSE NEW YORK DTD 5/4/09 5.5% 0	2010-04-07	2011-06-07
	4000. JOHN DEERE CAPITAL CORP INSD: FDIC DTD 12/19/08 2.875% 06/19/201	2010-04-07	2011-06-07
	13000. DIRECTV HOLDGS/FING DTD 03/11/2010 3.55%	2010-09-15	2011-06-07
	66080.49 FEDERAL HOME LOAN MTG CORP POOL #G13174 DTD 05/01/08 5% 06/01	2009-06-08	2011-06-07
	16768.6 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13442 DTD 01/01/2009 5%	2011-02-07	2011-06-07
	7521.84 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%	2010-12-07	2011-06-07
	4180.17 FEDERAL HOME LOAN MTG CORP POOL #G18045	2010-02-09	2011-06-07
	39000. FEDERAL HOME LOAN MORTGAGE CORP 5.75% DTD 1/14/02 DUE 1/15/2012	2010-04-07	2011-06-07
	48000. FEDERAL NATIONAL MORTGAGE ASSN 5% 03/1	2011-04-07	2011-06-07
	13000. GENERAL ELECTRIC CO 5% 02/01/2013	2010-04-07	2011-06-07
	1000. GENERAL ELECTRIC CAPITAL CORP DTD 02/11/	2011-02-09	2011-06-07
	33000. GENERAL ELEC CAP CORP FDIC INSURED DTD 01/08/09 2.2% 06/08/2012	2010-04-07	2011-06-07
	1000. GOLDMAN SACHS GROUP INC DTD 2/5/09 7.5%	2010-05-20	2011-06-07
	2000. GOLDMAN SACHS GROUP INC DTD 5/6/09 6% 05	2010-04-07	2011-06-07
	34000. GOLDMAN SACHS GROUP INC FDIC INSURED DTD 01/21/09 1.625% 07/15/	2010-04-07	2011-06-07
	11000. HESS CORPORATION DTD 2/3/09 8.125% 02/15	2010-04-07	2011-06-07
	13000. KRAFT FOODS INC DTD 02/08/2010 4.125% 02	2010-04-07	2011-06-07
	2000. ONTARIO (PROVINCE OF) DTD 01/27/2011 1.3	2011-01-31	2011-06-07
	1000. ORACLE CORPORATION DTD 04/09/08 5.75% 04	2010-04-07	2011-06-07
	14000. PRUDENTIAL FINANCIAL DTD 11/18/2010 4.5%	2010-11-16	2011-06-07
	11000. TALISMAN ENERGY INC DTD 6/1/09 7.75% 06/	2010-04-07	2011-06-07
	13000. TELEFONICA EMISIONES SAU DTD 02/16/2011	2011-03-10	2011-06-07
	12000. TIME WARNER CABLE 6.75% 07/01/2018	2010-02-09	2011-06-07
	5191.5 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375%	2009-11-10	2011-06-07
	13000. UNITED STATES TREASURY DTD 02/16/2010 3.	2010-05-03	2011-06-07
	31000. UNITED STATES TREASURY N/B DTD 11/15/201	2011-03-07	2011-06-07
	13000. PETROBRAS INTL FIN CO DTD 10/30/09 5.75%	2010-04-08	2011-06-08
	21000. UNITED STATES TREAS BD DTD 2/15/2001 5.375% 02/15/2031	2011-06-07	2011-06-10
	1483.78 FEDERAL HOME LOAN MTG CORP POOL #G13174 DTD 05/01/08 5% 06/01/	2009-06-08	2011-06-15
	512.82 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13442 DTD 01/01/2009 5%	2011-02-07	2011-06-15
	241.38 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13888 DTD 08/01/2010 5%	2010-12-07	2011-06-15
	990.27 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13900 DTD 08/01/2010 5%	2011-03-07	2011-06-15
	283.92 FEDERAL HOME LOAN MTG CORP POOL #G18045	2010-02-09	2011-06-15
	13000. UNITED STATES TREASURY N/B DTD 11/30/09	2010-03-12	2011-06-15
	348.14 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0	2011-02-07	2011-06-27
	2073.46 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-06-27
	156.91 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-06-27
	206.9 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-06-27
	464.44 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-06-27
	1000. BB& T CORPORATION DTD 7/27/09 3.85% 07/2	2010-04-29	2011-07-07
	1000. TARGET CORP CALLABLE 5.375% 05/01/2017	2010-04-07	2011-07-07
	1044.71 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.375	2009-11-10	2011-07-07
	1000. UNITED STATES TREASURY N/B DTD 08/16/201	2011-06-07	2011-07-07
	939.04 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13900 DTD 08/01/2010 5%	2011-03-07	2011-07-15
	230.65 FEDERAL HOME LOAN MTG CORP POOL #G18045	2010-02-09	2011-07-15
	352.7 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 06	2011-02-07	2011-07-25
	2004.64 FEDERAL NATIONAL MORTGAGE ASSN POOL #725424 DTD 04/01/04 5.5%	2011-06-07	2011-07-25
	1355.86 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-07-25
	119.79 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-07-25
	1114.66 FEDERAL NATIONAL MORTGAGE ASSN POOL #931675 DTD 07/01/2009 5.5	2011-06-07	2011-07-25
	157.13 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-07-25
	253.52 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-07-25
	509.36 FEDERAL NATIONAL MORTGAGE ASSN POOL #AD0336 DTD 10/01/2009 5% 0	2011-06-07	2011-07-25
	36026.67 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13900 DTD 08/01/2010 5	2011-03-07	2011-08-09
	10023.83 FEDERAL HOME LOAN MTG CORP POOL #G18045	2010-02-09	2011-08-09
	13534.67 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6%	2011-02-07	2011-08-09
	40883.36 FEDERAL NATIONAL MORTGAGE ASSN POOL #931675 DTD 07/01/2009 5.	2011-06-07	2011-08-09
	2000. UNITED STATES TREAS BDS DTD 8/15/93 6.25% 08/15/2023	2011-06-07	2011-08-09
	4000. UNITED STATES TREASURY N/B DTD 11/15/201	2011-06-13	2011-08-09
	830. BANK OF AMERICA CORP	2010-04-05	2011-08-15
	965.2 FEDERAL HOME LOAN MORTGAGE CORP POOL #G13900 DTD 08/01/2010 5% 1	2011-03-07	2011-08-15
	195.94 FEDERAL HOME LOAN MTG CORP POOL #G18045	2010-02-09	2011-08-15
	645. ROBERT HALF INTL INC COM	2009-05-12	2011-08-15
	276.08 FEDERAL NATIONAL MORTGAGE ASSN POOL #190370 DTD 05/01/2006 6% 0	2011-02-07	2011-08-25
	1717.05 FEDERAL NATIONAL MORTGAGE ASSN POOL #725424 DTD 04/01/04 5.5%	2011-06-07	2011-08-25
	1384.66 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-08-25
	155.95 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-08-25
	1124.21 FEDERAL NATIONAL MORTGAGE ASSN POOL #931675 DTD 07/01/2009 5.5	2011-06-07	2011-08-25
	183.63 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-08-25
	198.82 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-08-25
	549.46 FEDERAL NATIONAL MORTGAGE ASSN POOL #AD0336 DTD 10/01/2009 5% 0	2011-06-07	2011-08-25
	57583.35 UNITED STATES TREASURY INFLATION INDEX BOND DTD 07/15/08 1.37	2010-04-07	2011-08-25
	2000. ABBOTT LABS DTD 3/3/09 5.125% 04/01/2019	2011-06-07	2011-09-08
	12000. UNITED STATES TREASURY N/B DTD 11/30/09	2010-03-12	2011-09-13
	12000. UNITED STATES TREASURY N/B DTD 11/30/09	2010-03-12	2011-09-15
	. SECURITIES LITIGATION SETTLEMENT PROCEEDS		2011-09-19
	500.37 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 0	2011-08-09	2011-09-26
	1917.91 FEDERAL NATIONAL MORTGAGE ASSN POOL #725424 DTD 04/01/04 5.5%	2011-06-07	2011-09-26
	551.11 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/	2011-08-09	2011-09-26
	1699.19 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-09-26
	85.32 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-09-26
	327.93 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-09-26
	405.06 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-09-26
	564.99 FEDERAL NATIONAL MORTGAGE ASSN POOL #AD0336 DTD 10/01/2009 5% 0	2011-06-07	2011-09-26
	1054.79 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE0378 DTD 09/01/2010 5.5	2011-08-12	2011-09-26
	680.3 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%	2011-08-09	2011-09-26
	41000. UNITED STATES TREASURY N/B DTD 11/30/09	2011-09-08	2011-10-06
	46000. UNITED STATES TREASURY N/B DTD 11/30/09	2010-03-12	2011-10-06
	1000. MICROSOFT CORP COM	2004-10-19	2011-10-07
	185. V F CORP	2010-03-09	2011-10-07
	433.664 FEDERATED GNMA TR SH BEN INT INSTL SH (#	2007-06-27	2011-10-10
	1052.17 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4%	2011-08-09	2011-10-25
	1919.84 FEDERAL NATIONAL MORTGAGE ASSN POOL #725424 DTD 04/01/04 5.5%	2011-06-07	2011-10-25
	542.5 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/0	2011-08-09	2011-10-25
	2249.49 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-10-25
	82.82 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-10-25
	167.42 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-10-25
	284.68 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-10-25
	609.27 FEDERAL NATIONAL MORTGAGE ASSN POOL #AD0336 DTD 10/01/2009 5% 0	2011-06-07	2011-10-25
	1021.75 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE0378 DTD 09/01/2010 5.5	2011-08-12	2011-10-25
	1169.8 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%	2011-08-09	2011-10-25
	1000. AFLAC INC DTD 5/21/09 8.5% 05/15/2019	2011-06-15	2011-11-04
	1000. AT&T INC DTD 05/13/08 5.6% 05/15/2018	2010-04-07	2011-11-04
	1000. TENNESSEE VALLEY AUTHORITY SER A PUTABLE	2010-02-09	2011-11-04
	2000. UNITED STATES TREASURY N/B DTD 02/17/09	2011-06-07	2011-11-04
	1000. UNITED STATES TREASURY N/B DTD 06/01/10	2011-10-06	2011-11-04
	2000. VERIZON COMMUNICATIONS DTD 03/28/2011 6%	2011-06-07	2011-11-04
	807.75 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 0	2011-08-09	2011-11-25
	2235.47 FEDERAL NATIONAL MORTGAGE ASSN POOL #725424 DTD 04/01/04 5.5%	2011-06-07	2011-11-25
	666.94 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/	2011-08-09	2011-11-25
	1219.3 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09/	2009-06-08	2011-11-25
	255.64 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-11-25
	302.01 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-11-25
	155.87 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-11-25
	662.4 FEDERAL NATIONAL MORTGAGE ASSN POOL #AD0336 DTD 10/01/2009 5% 02	2011-06-07	2011-11-25
	1029.92 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE0378 DTD 09/01/2010 5.5	2011-08-12	2011-11-25
	1036.69 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5	2011-08-09	2011-11-25
	12000. MERRILL LYNCH & CO 6.11% 01/29/2037	2011-06-07	2011-12-06
	1000. UNITED STATES TREASURY N/B DTD 06/01/10	2011-10-06	2011-12-06
	11000. WACHOVIA CORP DTD 06/08/07 5.75% 06/15/2	2010-02-09	2011-12-20
	940.45 FEDERAL NATIONAL MORTGAGE ASSN POOL #AH6827 DTD 03/01/2011 4% 0	2011-08-09	2011-12-27
	141.5 FEDERAL NATIONAL MORTGAGE ASSN POOL #AL0393 DTD 06/01/2011 4.5%	2011-11-04	2011-12-27
	2280.62 FEDERAL NATIONAL MORTGAGE ASSN POOL #725424 DTD 04/01/04 5.5%	2011-06-07	2011-12-27
	617.41 FEDERAL NATIONAL MORTGAGE ASSN POOL #735580 DTD 05/01/05 5% 06/	2011-08-09	2011-12-27
	1636.93 FEDERAL NATIONAL MORTGAGE ASSN POOL #831811 DTD 10/01/06 6% 09	2009-06-08	2011-12-27
	253.25 FEDERAL NATIONAL MORTGAGE ASSN POOL #928	2009-10-08	2011-12-27
	137.8 FEDERAL NATL MTG ASSN POOL #950796 DTD 10/01/2007 6% 10/01/2037	2010-04-07	2011-12-27
	282.26 FEDERAL NATIONAL MORTGAGE ASSN POOL #963	2009-06-08	2011-12-27
	674.07 FEDERAL NATIONAL MORTGAGE ASSN POOL #AD0336 DTD 10/01/2009 5% 0	2011-06-07	2011-12-27
	1063.5 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE0378 DTD 09/01/2010 5.5%	2011-08-12	2011-12-27
	879.25 FEDERAL NATIONAL MORTGAGE ASSN POOL #AE3066 DTD 09/01/2010 3.5%	2011-08-09	2011-12-27

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,108	2,087	21
b	2,013	2,000	13
c	3,891	3,999	-108
d	463	492	-29
e	716	763	-47
	3,523	3,675	-152
	225	240	-15
	343	364	-21
	880	904	-24
	30,873	30,364	509
	15,063	15,060	3
	37,138	37,151	-13
	2,137	2,028	109
	12,813	12,169	644
	25,097	25,032	65
	2,476	2,545	-69
	458	486	-28
	556	592	-36
	3,010	3,141	-131
	194	206	-12
	275	292	-17
	871	894	-23
	993	1,006	-13
	2,064	2,006	58
	1,136	1,098	38
	1,267	1,095	172
	3,304	3,209	95
	2,062	2,042	20
	4,009	4,000	9
	2,043	2,024	19
	1,160	1,091	69
	1,104	1,072	32
	2,010	2,000	10
	1,251	1,204	47
	2,083	2,010	73
	1,117	996	121
	2,168	2,071	97
	12,046	11,994	52
	2,231	2,036	195
	1,989	2,001	-12
	1,211	1,160	51
	10,110	9,163	947
	3,370	3,232	138
	2,218	2,280	-62
	596	631	-35
	357	379	-22
	620	661	-41
	21,587	18,703	2,884
	10,702	4,785	5,917
	13,231	4,468	8,763
	10,021	4,813	5,208
	327	355	-28
	3,958	4,129	-171
	84	89	-5
	266	282	-16
	511	524	-13
	11,626	16,798	-5,172
	17,204	9,077	8,127
	17,723	8,524	9,199
	19,898	15,120	4,778
	15,379	15,038	341
	988	1,006	-18
	1,042	1,025	17
	1,065	1,045	20
	2,037	2,024	13
	1,113	996	117
	53,000	53,000
	2,520	2,590	-70
	603	639	-36
	290	308	-18
	1,032	1,107	-75
	294	313	-19
	422	459	-37
	1,882	1,964	-82
	85	91	-6
	230	244	-14
	472	485	-13
	1,115	1,053	62
	1,065	1,030	35
	1,108	1,044	64
	1,038	1,033	5
	1,003	1,005	-2
	1,008	1,000	8
	1,138	1,072	66
	1,117	1,047	70
	1,048	995	53
	1,907	1,891	16
	1,127	1,046	81
	1,494	1,536	-42
	472	500	-28
	261	277	-16
	993	1,066	-73
	318	339	-21
	370	402	-32
	1,769	1,845	-76
	157	167	-10
	143	152	-9
	362	371	-9
	14,354	14,078	276
	13,833	13,095	738
	13,961	13,247	714
	2,184	2,154	30
	3,083	3,039	44
	13,391	12,148	1,243
	1,108	1,063	45
	4,107	4,096	11
	13,649	13,398	251
	70,582	67,918	2,664
	17,911	17,749	162
	8,034	7,985	49
	4,465	4,457	8
	40,295	39,958	337
	55,071	53,550	1,521
	13,849	13,349	500
	1,046	1,012	34
	33,631	33,061	570
	1,168	1,089	79
	2,197	2,137	60
	34,050	34,034	16
	14,080	12,871	1,209
	13,915	13,032	883
	2,022	2,001	21
	1,151	1,090	61
	14,135	13,909	226
	13,704	12,671	1,033
	13,543	13,195	348
	13,992	12,998	994
	5,643	5,277	366
	13,892	12,935	957
	30,120	29,331	789
	13,841	13,081	760
	25,338	25,014	324
	1,484	1,525	-41
	513	543	-30
	241	256	-15
	990	1,062	-72
	284	303	-19
	13,038	12,982	56
	348	378	-30
	2,073	2,163	-90
	157	167	-10
	207	220	-13
	464	477	-13
	1,032	1,021	11
	1,144	1,070	74
	1,135	1,062	73
	1,005	1,006	-1
	939	1,007	-68
	231	246	-15
	353	383	-30
	2,005	2,193	-188
	1,356	1,415	-59
	120	127	-7
	1,115	1,214	-99
	157	167	-10
	254	260	-6
	509	551	-42
	38,836	38,650	186
	10,805	10,688	117
	14,956	14,706	250
	44,333	44,512	-179
	2,718	2,566	152
	4,093	3,916	177
	6,384	15,139	-8,755
	965	1,035	-70
	196	209	-13
	15,053	15,016	37
	276	300	-24
	1,717	1,879	-162
	1,385	1,445	-60
	156	166	-10
	1,124	1,224	-100
	184	195	-11
	199	204	-5
	549	594	-45
	64,633	58,315	6,318
	2,360	2,215	145
	12,018	11,983	35
	12,017	11,983	34
	20		20
	500	526	-26
	1,918	2,098	-180
	551	594	-43
	1,699	1,773	-74
	85	91	-6
	328	348	-20
	405	416	-11
	565	611	-46
	1,055	1,155	-100
	680	706	-26
	41,043	41,065	-22
	46,049	45,935	114
	26,206	29,485	-3,279
	23,945	14,799	9,146
	4,996	4,593	403
	1,052	1,105	-53
	1,920	2,100	-180
	543	585	-42
	2,249	2,347	-98
	83	88	-5
	167	178	-11
	285	292	-7
	609	659	-50
	1,022	1,119	-97
	1,170	1,214	-44
	1,250	1,233	17
	1,170	1,050	120
	1,036	1,031	5
	2,138	1,749	389
	1,004	1,004
	2,447	2,095	352
	808	849	-41
	2,235	2,446	-211
	667	719	-52
	1,219	1,272	-53
	256	272	-16
	302	321	-19
	156	160	-4
	662	716	-54
	1,030	1,128	-98
	1,037	1,076	-39
	9,150	11,876	-2,726
	1,003	1,000	3
	12,390	10,734	1,656
	940	988	-48
	142	151	-9
	2,281	2,495	-214
	617	666	-49
	1,637	1,708	-71
	253	269	-16
	138	146	-8
	282	290	-8
	674	729	-55
	1,064	1,164	-100
	879	912	-33

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			21
b			13
c			-108
d			-29
e			-47
			-152
			-15
			-21
			-24
			509
			3
			-13
			109
			644
			65
			-69
			-28
			-36
			-131
			-12
			-17
			-23
			-13
			58
			38
			172
			95
			20
			9
			19
			69
			32
			10
			47
			73
			121
			97
			52
			195
			-12
			51
			947
			138
			-62
			-35
			-22
			-41
			2,884
			5,917
			8,763
			5,208
			-28
			-171
			-5
			-16
			-13
			-5,172
			8,127
			9,199
			4,778
			341
			-18
			17
			20
			13
			117

			-70
			-36
			-18
			-75
			-19
			-37
			-82
			-6
			-14
			-13
			62
			35
			64
			5
			-2
			8
			66
			70
			53
			16
			81
			-42
			-28
			-16
			-73
			-21
			-32
			-76
			-10
			-9
			-9
			276
			738
			714
			30
			44
			1,243
			45
			11
			251
			2,664
			162
			49
			8
			337
			1,521
			500
			34
			570
			79
			60
			16
			1,209
			883
			21
			61
			226
			1,033
			348
			994
			366
			957
			789
			760
			324
			-41
			-30
			-15
			-72
			-19
			56
			-30
			-90
			-10
			-13
			-13
			11
			74
			73
			-1
			-68
			-15
			-30
			-188
			-59
			-7
			-99
			-10
			-6
			-42
			186
			117
			250
			-179
			152
			177
			-8,755
			-70
			-13
			37
			-24
			-162
			-60
			-10
			-100
			-11
			-5
			-45
			6,318
			145
			35
			34
			20
			-26
			-180
			-43
			-74
			-6
			-20
			-11
			-46
			-100
			-26
			-22
			114
			-3,279
			9,146
			403
			-53
			-180
			-42
			-98
			-5
			-11
			-7
			-50
			-97
			-44
			17
			120
			5
			389

			352
			-41
			-211
			-52
			-53
			-16
			-19
			-4
			-54
			-98
			-39
			-2,726
			3
			1,656
			-48
			-9
			-214
			-49
			-71
			-16
			-8
			-8
			-55
			-100
			-33

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	61,007
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2010	108,064	2,489,409	0.04341
2009	125,056	2,341,846	0.053401
2008	142,150	2,575,443	0.055194
2007	134,333	2,975,313	0.045149
2006	141,823	2,848,007	0.049797

2	Total of line 1, column (d) ......................	2	0.246951
3	Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years. . .	3	0.04939
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	2,553,159
5	Multiply line 4 by line 3.......................	5	126,101
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,124
7	Add lines 5 and 6.........................	7	127,225
8	Enter qualifying distributions from Part XII, line 4..............	8	122,466
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2011)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,248
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2............................	3	2,248
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,248
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	1,260
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,260
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	988
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV..........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

REGIONS BANK TRUST DEPT Telephone no. bullet

(251) 690-1024

Located at bullet

11 N WATER ST 25TH FLOORMOBILEAL ZIP+4 bullet

36602

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2011)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2011?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2011, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2011?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2011.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2011)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
REGIONS BANK TRUST DEPARTMENT	TRUSTEE 1	21,815
417 20TH STREET NORTH BIRMINGHAM,AL35203	TRUSTEE 1	21,815

2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2011)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1


2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3.......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,592,040

Average of monthly cash balances.......................

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

2,592,040

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,592,040

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ...........................

38,881

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,553,159

Minimum investment return. Enter 5% of line 5..................

127,658

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

127,658

Tax on investment income for 2011 from Part VI, line 5......

2,248

Income tax for 2011. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

2,248

Distributable amount before adjustments. Subtract line 2c from line 1............

125,410

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

125,410

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

125,410

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

122,466

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

122,466

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............

Adjusted qualifying distributions. Subtract line 5 from line 4..............

122,466

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2011)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(b) Years prior to 2010	(c) 2010	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7					125,410
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......				74,469
b Total for prior years:2009, 20, 20			0
3 Excess distributions carryover, if any, to 2011:
a From 2006.......	0
b From 2007.......	0
c From 2008.......	0
d From 2009.......	0
e From 2010.......	0
fTotal of lines 3a through e.........		0
4Qualifying distributions for 2011 from Part
XII, line 4: $ 122,466
a Applied to 2010, but not more than line 2a				74,469
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)			0
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...		0
d Applied to 2011 distributable amount.....					47,997
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2011.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...			0
e Undistributed income for 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........				0
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........					77,413
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........		0
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............		0
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2007....	0
b Excess from 2008....	0
c Excess from 2009....	0
d Excess from 2010....	0
e Excess from 2011....	0

Form 990-PF (2011)

Page 9

Part XIV

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2011, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2011	(b) 2010	(c) 2009	(d) 2008	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see page 27 of the instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2011)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
HUNTER STREET BAPTIST CHURCH ATTN MORRELL DODD CHURC 2600 HIGHWAY 150 HOOVER,AL35244	NONE	PUBLIC	RELIGIOUS	117,078
Total ................................. 3a				117,078

bApproved for future payment

Total ................................. 3b

Form 990-PF (2011)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	16
4 Dividends and interest from securities....			14	74,013
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			18	61,007
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aREIMBUR PENALTY				16
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				135,052

13Total. Add line 12, columns (b), (d), and (e)..................

13135,052

(See worksheet in line 13 instructions on page 28 to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)

Form 990-PF (2011)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
INTEL CORP 3.3% 10/1/21	11,957	12,641
FEDERATED GNMA TR INST SHRS 16
ABBOTT LABS 5.125% 04/01/2019	23,245	24,384
CATERPILLAR INC 7.9% 12/15/18	22,357	25,295
COMCAST CORP 5.7% 07/01/2019
CREDIT SUISSE NY 5.5% 5/1/2014	23,726	23,907
GENERAL ELECTRIC 5% 2/1/13
GOLDMAN SACHS GP 6% 5/1/14	11,214	11,457
HESS CORP 8.125% 2/15/19
MERRILL LYNCH 6.875% 4/25/18	12,184	11,831
ORACLE CORP 5.75% 4/15/18	11,569	13,348
PETROBRAS INTL 5.75% 1/20/20
TALISMAN ENERGY 7.75% 6/1/19
TARGET CORP 5.375% 5/1/17	11,232	12,928
TIME WARNER 5.375% 7/1/18
VERIZON COMM 5.55% 2/15/16	12,440	12,587
WACHOVIA CORP 5.75% 6/15/17	12,222	12,428
PIMCO TOTAL RETURN INSTL #35	30,000	29,645
AT&T INC 5.6% 5/15/18	22,361	24,401
BB&T CORP 3.85% 7/27/2012	12,228	12,196
BARCLAYS BANK 3.9% 4/7/2015	13,012	13,056
CSX CORP 6.25% 4/1/2015
CA INC 5.375% 12/1/2019
CITIGROUP INC 6% 12/13/2013	11,677	11,382
DIRCTV 3.55% 3/15/2015
GOLDMAN SACHS 7.5% 2/15/2019	11,960	12,149
HEWLETT PACKARD 2.2% 12/1/15	11,989	11,718
KRAFT FOOD INC 4.125% 2/9/2016
PRUD FIN 4.5% 11/15/2020
CITIGROUP INC FDIC 2.25%	37,458	37,687
GE CAP FDIC INSU 2.2% 06/08/12
GOLDMAN SACHS FDIC 1.625%
JOHN DEERE CAP 2.875%	36,410	36,467
AFLAC INC 8.5% 5/15/19	12,289	12,256
BOEING CO 4.875% 2/15/20	11,703	11,676
CISCO SYS CALL 5.5% 2/22/16	25,063	25,602
GENERAL ELEC CAP 5.3% 2/11/21	12,095	12,827
GEN ELEC CAP 5.875% 1/14/38	12,351	12,715
JP MORGAN CHASE 6.3% 4/23/19	12,565	12,459
MORGAN STANLEY 5.625% 9/23/19	12,458	11,113
MORGAN STANLEY 4.2% 11/20/14	12,474	11,573
ONTARIO PROV OF 1.375% 1/27/14	25,006	25,262
TOYOTA MOTOR CRD 3.4% 9/15/21	11,970	12,367
VERIZON COMM 6% 4/1/41	10,473	12,399
WACHOVIA BANK 5.85% 2/1/37	12,308	12,559
WALMART STORES 5.875% 4/5/27	12,407	13,374
FEDERATED INSTL SHRS FD # 16	45,408	49,610

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORTORIES
BANK OF AMER CORP
CVS/CAREMARK CORP (DEL)	13,329	36,009
CATERPILLAR INC	13,376	20,385
CHEVRON CORP	13,547	40,006
EXXON MOBIL CORP	19,253	40,685
GENERAL ELECTRIC CO	16,557	17,104
GOLDMAN SACHS GROUP INC	16,628	13,565
INTEL CORP	15,263	20,055
JOHNSON & JOHNSON	21,684	26,232
MICROSOFT CORP
PIONEER SELECT MID GR A	100,000	141,646
NORFOLK SOUTHERN CORP	8,933	18,069
PROCTER & GAMBLE CO	14,971	19,679
PEPSICO INC	20,355	33,175
PRUDENTIAL FINANCIAL	14,539	18,795
QUALCOMM INC	14,959	20,403
STATE STREET CORP	15,032	14,512
ROBERT HALF INTL
STAPLES INC	10,013	5,834
UNITED TECHNOLOGIES CORP	15,408	21,927
WAL MART STORES
CISCO SYSTEMS	17,236	20,159
J P MORGAN CHASE	17,834	20,449
ORACLE CORP	9,450	15,441
STRYKER CORP	18,291	23,861
3M CORP	18,060	22,884
VERIZON COMM	16,993	23,069
ISHARES RUSSELL 1000 FUND	43,989	60,941
OPPENHIEMER MAIN ST SMALL CAP	43,000	77,701
E M C COPR MASS	12,042	21,109
MONSANTO CO NEW	20,120	16,817
TEVA PHARMACEUTICAL	14,945	13,319
MFS RESH INTL FD CL I	52,999	66,714
APACHE CORP	10,494	9,058
AUTO DESK INC	12,026	13,315
MATTEL INC	12,088	15,712
MCGRAW HILL INC	14,156	17,988
MERCK & CO INC	11,986	13,157
NEXTRA ENERGY INC	11,812	13,515
SCHLUMBERGER LTD	15,061	16,053
VF CORP
VISA INC CLASS A SHRS	14,858	16,752
BLACKROCK INC	17,044	16,042
BROADCOM CORP	15,032	12,478
EMERSON ELECTRIC CO	16,794	13,511
GOOGLE INC CL A	17,464	19,377
HASBRO INC	16,399	14,351
LAB CORP AMER HLDGS COM	14,910	16,334
PRAXAIR INC	9,961	10,690
TEXAS INSTRS INC	16,670	13,973
THERMO FISHER SCIENTIFIC INC	17,196	14,166
TRAVELERS COMPANIES	14,820	17,751
AMERICAN EUROPACIFIC GRTH-F2	64,999	57,142

Category	Amount	Net Investment Income
FOREIGN TAXES	35	367
FEDERAL ESTIMATE	1,260	0
FEDERAL PAYMENT	1,225	0

Description	Amount
ROUNDING ADJUSTMENT	10
TIPS OID INCOME ADJUSTMENT	2,124
ACCRETION ADJUSTMENT	228