| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Fortson, Bentley and Griffin | 1,614 | 1,614 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| USD Barrick Gold Cor | 33,914 | 33,869 |
| Wells Fargo & Company 2.625% | 50,075 | 49,970 |
| Verizon Communications 4.6% | 33,092 | 33,866 |
| Time Warner Cable, Inc. | 35,557 | 35,942 |
| Kraft Foods, Inc. | 34,520 | 34,743 |
| Directv Holdings 3.5% | 33,578 | 32,989 |
| Citigroup, Inc. 3.953% | 33,806 | 32,886 |
| Anheuser Busch Inbev | 3,028 | 3,021 |
| DR Pepper Snapple Group 2.9% | 8,288 | 8,297 |
| BP Capital Markets PLC 3.625% | 7,385 | 7,356 |
| XL Capital LTD 5.25% | 8,426 | 8,460 |
| USD Barrick Gold Corp | 8,101 | 8,079 |
| Verizon Communications | 9,194 | 9,186 |
| Time Warner Cable Inc. 6.2% | 9,692 | 9,658 |
| Teva Pharma Fin IV LLC 1.7% | 16,046 | 16,124 |
| Rogers Wireless, Inc. | 7,795 | 7,718 |
| Pfizer, Inc. 4.5% | 9,735 | 9,703 |
| NBC Universal 2.1% | 8,142 | 8,132 |
| Metlife Inc. 5% | 8,533 | 8,522 |
| Microsoft Corp. .875% | 16,178 | 16,139 |
| Kraft Foods, Inc. 2.625% | 9,210 | 9,195 |
| JP Morgan Chase & Co 4.65% | 8,432 | 8,447 |
| HSBC Finance Corp 4.75% | 7,304 | 7,148 |
| Google, Inc. 1.25% | 8,115 | 8,120 |
| General Electric Cap 2.1% | 13,142 | 13,195 |
| Directv Holdings 4.75% | 7,627 | 7,561 |
| Capital One Financial Co 2.125% | 7,977 | 7,897 |
| Cox Communications, Inc. 5.45% | 8,930 | 8,880 |
| BHP Billiton Fin USA | 8,030 | 8,019 |
| Anheuser-Busch Inbev | 3,055 | 3,021 |
| Anheuser-Busch Inbev | 2,033 | 2,014 |
| Anheuser-Busch Inbev 1.15% 7/14/14 | 8,108 | 8,057 |
| Prudential Financial | 1,057 | 1,076 |
| Prudential Financial 5.1% | 29,912 | 30,116 |
| United Parcel Service | 2,152 | 2,082 |
| United Parcel Service 4.5% | 67,923 | 65,594 |
| Target Corp. | 1,082 | 1,008 |
| Target Corporation 5.875% | 29,372 | 27,227 |
| Oracle Corp | 1,094 | 1,056 |
| Oracle Corp 4.95% | 29,546 | 28,513 |
| Metlife Inc | 1,060 | 1,089 |
| Metlife Inc 5% | 30,102 | 30,503 |
| JP Morgan Chase & Co 6.125% | 29,441 | 32,973 |
| JP Morgan Chase | 2,125 | 2,123 |
| JP Morgan Chase 5.15% | 47,884 | 47,762 |
| Goldman Sachs Group LP | 3,155 | 3,051 |
| Goldman Sachs Group LP 5.45% | 70,123 | 68,138 |
| Comcast Corporation | 1,091 | 1,078 |
| Comcast Corporation 5.3% | 29,735 | 29,094 |
| ConocoPhillips | 1,083 | 1,106 |
| ConocoPhilliops 4.6% | 30,554 | 30,968 |
| Chevron Corporation | 1,082 | 1,181 |
| Chevron Corporation 4.95% | 31,315 | 34,252 |
| Credit Suisse | 1,076 | 1,053 |
| Credit Suisse 5.125% | 30,300 | 29,494 |
| General Electric Company 8.125% | 45,132 | 40,948 |
| General Electric Company | 3,209 | 3,126 |
| General Electric Company 5% | 10,743 | 10,421 |
| Bank of New York Mellon | 2,126 | 2,146 |
| Bank of New York Mellon 4.3% | 29,881 | 30,043 |
| American Express 5.875% | 7,702 | 7,358 |
| Allstate LF GLB Fn Trust | 7,731 | 7,392 |
| Prudential Financial 2.75% | 9,096 | 9,078 |
| Wal-Mart Stores 4.55% | 7,598 | 7,388 |
| Verizon Communications 5.25% | 4,385 | 4,221 |
| Ontario Provice Canada 4.375% | 9,658 | 9,361 |
| Citigroup, Inc. 5.5% | 7,590 | 7,146 |
| Goldman Sachs Group 4.75% | 7,389 | 7,093 |
| Berkshire Hathaway 2.125% | 8,104 | 8,136 |
| Bellsouth Corporation 4.75% | 11,842 | 11,368 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Marathon Petroleum Corp | 11,638 | 12,783 |
| Toronto Dominion Bank | 20,501 | 19,002 |
| Limited Brands, Inc. | 26,884 | 31,110 |
| Johnson Controls, Inc. | 20,573 | 16,474 |
| Honeywell International | 21,108 | 20,001 |
| Dow Chemical | 18,182 | 15,329 |
| Comcast Corporation | 20,619 | 20,521 |
| ACE Limited | 17,747 | 20,335 |
| International Business Machines | 42,701 | 54,428 |
| 3M Company | 29,970 | 28,524 |
| Weyerhaeuser Co. | 32,880 | 25,877 |
| Wells Fargo & Co | 64,356 | 59,530 |
| Wal-Mart Stores, Inc. | 28,013 | 30,896 |
| Vodafone Group PLC SP ADR | 22,748 | 26,404 |
| Verizon Communications | 64,093 | 80,481 |
| VF Corporation | 32,020 | 44,573 |
| US Bancorp | 32,337 | 34,678 |
| United Techs Corp | 55,748 | 53,867 |
| Unilever NV NY | 46,065 | 52,346 |
| Travelers Cos | 51,435 | 57,750 |
| Total S.A. Sponsored ADR | 42,232 | 41,552 |
| Southern Company | 31,405 | 39,347 |
| Sempra Energy | 17,110 | 18,590 |
| Schlumberger, LTD | 27,937 | 26,573 |
| Rio Tinto PLC Sponsored ADR | 28,628 | 25,341 |
| Raytheon Co | 44,625 | 41,849 |
| Centurylink Inc | 25,500 | 26,896 |
| Public Service Enterprise | 21,153 | 21,721 |
| Prudential Financial | 17,033 | 15,337 |
| Procter & Gamble | 44,246 | 47,364 |
| Praxair, Inc. | 37,814 | 45,326 |
| Philip Morris International, Inc. | 46,863 | 65,452 |
| Pfizer, Inc. | 29,470 | 35,966 |
| Peabody Energy Corp | 22,153 | 14,966 |
| Occidental Pete Corp. | 46,786 | 50,130 |
| Northrop Grumman | 23,571 | 23,392 |
| Northeast Utilities | 19,805 | 23,698 |
| Nextera Energy, Inc. | 35,119 | 40,546 |
| Microsoft Corp. | 27,973 | 28,322 |
| Merck & Co | 32,790 | 35,551 |
| Meadwestvaco | 23,717 | 26,416 |
| McDonalds Corp. | 51,873 | 68,826 |
| Marathon Oil Corp. | 17,568 | 22,684 |
| Lorillard, Inc. | 25,996 | 34,428 |
| Kimberly Clark | 29,409 | 33,838 |
| JP Morgan Chase & Co. | 83,376 | 67,232 |
| Johnson and Johnson | 26,793 | 30,364 |
| Intel Corp. | 25,734 | 28,712 |
| Home Depot, Inc. | 26,059 | 31,698 |
| General Dynamics Corp. | 28,714 | 27,095 |
| General Mills | 20,258 | 22,428 |
| General Electric | 44,775 | 45,133 |
| FirstEnergy Corp. | 19,359 | 22,549 |
| Exxon Mobil Corporation | 69,211 | 83,319 |
| EQT Corporation | 20,793 | 24,710 |
| Enbridge, Inc. | 28,066 | 38,757 |
| Du Pont, 785 shares | 52,678 | 55,760 |
| Dominion Resources, Inc. | 42,510 | 51,435 |
| Diageo PLC Spns ADR | 40,319 | 49,392 |
| Deere Co. | 44,854 | 50,045 |
| Consol Energy, Inc. | 18,239 | 16,075 |
| ConocoPhillips | 30,481 | 35,852 |
| Coca Cola Co | 31,690 | 37,504 |
| Chubb Corp. | 32,198 | 39,663 |
| Chevron Corp. | 63,907 | 77,991 |
| Caterpillar, Inc. | 56,806 | 64,779 |
| Canadian National Railway Co | 29,794 | 36,216 |
| Cameco Corp. | 15,720 | 10,289 |
| Bristol-Myers Squibb | 43,287 | 57,794 |
| BHP Billiton LTD ADR | 74,887 | 67,664 |
| Bank of Nova Scotia | 35,269 | 33,721 |
| AT&T, Inc | 42,490 | 46,781 |
| American Express Company | 19,961 | 20,094 |
| Abbott Labs | 27,942 | 31,376 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| American New Perspective | AT COST | 142,001 | 154,639 |
| American Income Fund of America | AT COST | 1,453,033 | 1,395,721 |
| American Growth Fund of America | AT COST | 140,747 | 156,836 |
| American Tax Exempt Bond Fund of America | AT COST | 149,905 | 156,636 |
| American High Income Trust Fund | AT COST | 1,150,867 | 1,089,423 |
| American Capital World Bd Fund | AT COST | 149,980 | 153,343 |
| American Capital Income Builder Fund | AT COST | 1,532,455 | 1,371,746 |
| American Bond Fund of America | AT COST | 1,397,527 | 1,392,002 |
| American Europacific Growth Fund | AT COST | 143,533 | 139,291 |
| American Mutual Fund | AT COST | 190,419 | 203,567 |
| American New Economy Fund | AT COST | 139,885 | 157,465 |
| American LTD Term T/E Bond Fun | AT COST | 144,825 | 151,939 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ML Acct. No. 706-04F25 Account Fee | 200 | 200 | ||
| ML Acct No. 706-03851 Investment Fee | 18,810 | 18,810 | ||
| ML Acct No. 706-03850 Investment Fee | 15,310 | 15,310 | ||
| ML Acct No. 706-03850 Investment Expense | 5,008 | 5,008 | ||
| ML Acct No. 706-03849 Investment Fee | 9,583 | 9,583 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Rounding | 2 | |
| Rounding | 3 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Foreign Taxes Paid | 673 | 673 | ||
| Foreign Taxes Paid | 1,037 | 1,037 | ||
| Estimated Taxes Paid | 6,630 | 6,630 | ||
| 2010 Taxes Paid | 2,522 | 2,522 |