| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,997 | 4,997 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| APPLIED MATERIALS INC SENIOR NOTES 7.125% | 25,719 | 29,360 |
| DUKE CAPITAL CORP SENIOR NOTES 8.000% | 27,714 | 29,779 |
| MICHIGAN BELL TELEPHONE DEBENTURES 7.850% | 27,247 | 29,930 |
| CAPITAL ONE BANK NOTES 6.500% | 0 | 0 |
| AMERICAN EXPRESS SENIOR NOTES 7.000% | 26,253 | 29,871 |
| BURLINGTON NORTHERN SANTA FE | 25,313 | 30,713 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| TARGET CORP - 400 SH | 13,163 | 25,308 |
| ALTRIA GROUP INC - 1,000 SH | 13,051 | 38,390 |
| PEPSICO INC - 600 SH | 30,632 | 49,764 |
| ANADARKO PETE CORP - 900 SH | 22,073 | 71,388 |
| APACHE CORP - 300 SH | 16,674 | 25,782 |
| BERKSHIRE HATHAWAY INC CL B - 500 SH | 23,669 | 59,280 |
| CAPITAL ONE FINANCIAL CORP - 520 SH | 16,653 | 39,837 |
| ING GROEP N V - 3,500 SH | 121,450 | 49,035 |
| WELLS FARGO & CO - 1,000 SH | 29,531 | 45,400 |
| JOHNSON & JOHNSON INC - 400 SH | 22,830 | 36,636 |
| FEDEX CORP - 300 SH | 26,857 | 43,131 |
| QUALCOMM INC - 500 SH | 14,698 | 44,550 |
| PROCTER & GAMBLE CO - 400 SH | 21,756 | 32,564 |
| CHEVRON CORP - 500 SH | 29,607 | 62,455 |
| ALLERGEN INC - 400 SH | 14,839 | 44,432 |
| FRANKLIN RESOURCES INC - 450 SH | 15,347 | 25,979 |
| EXPRESS SCRIPTS INC - 800 SH | 21,156 | 56,192 |
| CATERPILLAR INC - 600 SH | 30,986 | 54,486 |
| ROPER INDS INC - 600 SH | 33,695 | 83,208 |
| UNION PACIFIC CORP - 400 SH | 22,701 | 67,200 |
| 3M CO - 200 SH | 14,180 | 28,050 |
| APPLE INC - 250 SH | 26,163 | 140,255 |
| MASTERCARD INC - 250 SH | 45,025 | 208,865 |
| ISHARES CORE S&P SMALL CAP ETF - 1,500 SH | 94,801 | 163,695 |
| ISHARES CORE S&P MIDCAP ETF - 1,300 SH | 102,377 | 173,953 |
| ISHARES MSCI EAFE INDEX FUND - 1,000 SH | 54,700 | 67,095 |
| ISHARES MSCI EMERGING MARKET - 1,300 SH | 49,555 | 54,334 |
| PHILIP MORRIS INTERNATIONAL INC - 700 SH | 15,827 | 60,991 |
| WATERS CORP - 400 SH | 20,411 | 40,000 |
| GOOGLE INC - 50 SH | 22,270 | 56,036 |
| GENERAL ELECTRIC CO - 1,000 SH | 13,760 | 28,030 |
| AMAZON.COM - 50 SHARES | 7,994 | 19,940 |
| DIRECTV CL A - 400 SHARES | 17,745 | 27,624 |
| MCDONALDS CORP - 300 SHARES | 19,343 | 29,109 |
| VISA INC - 200 SHARES | 14,456 | 44,536 |
| EMERSON ELECTRIC CO - 400 SHARES | 22,100 | 28,072 |
| RACKSPACE HOSTING INC - 200 SHARES | 0 | 0 |
| BHP BILLITON LTD - 200 SHARES | 17,010 | 13,640 |
| ISHARES MSCI PACIFIC EX JAPAN - 600 SHARES | 26,751 | 28,138 |
| ISHARES S&P LATIN AMERICA - 800 SHARES | 37,432 | 29,632 |
| KIMCO REALTY CORP 6.900% PFD H - 400 SHARES | 10,293 | 9,528 |
| STANLEY BLACK & DECKER - 100 SHARES | 0 | 0 |
| SCHLUMBERGER LTD - 300 SHARES | 25,104 | 27,033 |
| PERRIGO COMPANY - 100 SHARES | 0 | 0 |
| CHICAGO BRIDGE & IRON CO N V - 300 SHARES | 10,447 | 24,942 |
| EATON CORP - 500 SHARES | 25,827 | 38,060 |
| EMC CORP - 800 SHARES | 0 | 0 |
| DISNEY - 500 SHARES | 20,739 | 38,200 |
| EBAY INC - 500 SHARES | 24,619 | 27,433 |
| BLACKROCK INC - 100 SHARES | 17,644 | 31,647 |
| CELEGENE CORP - 300 SHARES | 22,239 | 50,690 |
| ACTAVIS PLC ORD (FORMERLY WATSON PHARMACEUTICALS - 200 SHARES | 28,800 | 33,600 |
| ACCENTURE PLC IRELAND - 100 SHAERS | 6,701 | 8,222 |
| COMCAST CORP NEW - 200 SHARES | 8,252 | 9,976 |
| COSTCO WHOLESALE CORP NEW COM - 100 SHARES | 11,377 | 11,902 |
| BIOGEN IDEC INC COM - 50 SHARES | 8,873 | 13,979 |
| DAVITA HEALTHCARE PARTNERS INC - 400 SHARES | 22,887 | 25,348 |
| VALMONT INDUSTRIES COM - 200 SHARES | 29,083 | 29,824 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ATTORNEY FEES | 68 | 68 | 0 |
| Description | Amount |
|---|---|
| ADJUSTMENT TO BASIS OF STOCK | 16,981 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 17,265 | 17,265 | 0 | |
| OTHER EXPENSES | 80 | 80 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 415 | 415 | 0 |