| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 1,800 | 0 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BELLSOUTH CORP NT | 51,118 | 51,631 |
| BOEING CO 5.125% | 0 | 0 |
| EMERSON ELECTRIC 5.25% | 58,145 | 56,677 |
| JOHNSON & JOHNSON NT | 87,905 | 85,607 |
| JP MORGAN CHASE 6.0% | 54,847 | 57,574 |
| MORGAN STANLEY 5.3% | 0 | 0 |
| PITNEY BOWES 3.652% | 57,639 | 55,100 |
| SBC COMM INC 5.625% | 52,417 | 55,179 |
| ROYAL BANK SCOTLAND 5.125% | 55,807 | 52,814 |
| HSBA FDIN CORP 6.676% | 60,173 | 57,452 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 396 | 0 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT | 5,852 | 0 | 0 | 0 |