| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AK STL CORP SR NT - 8.375% - 0 | 97,525 | 100,250 |
| AMERENENERGY GENERATING CO - 7 | 57,565 | 51,300 |
| ANGLOGOLD HOLDINGS PLC 05.3750 | 160,139 | 158,950 |
| CITIZENS UTILS CO DEL 7.00000% | 17,600 | 18,700 |
| COMSTOCK RES INC SR NT - 7.750 | 71,063 | 79,688 |
| DELL COMPUTER CORP SR DEB 7.10 | 103,975 | 92,400 |
| GM NT - 7.375% - 05/23/2048 | 7,174 | |
| GOLDMAN SACHS GROUP INC MTN 08 | 100,000 | 89,000 |
| NORTHWEST AIRLNS PASS THRU CER | 48,730 | 61,792 |
| PENNEY J C CORP INC-5.75%-02/1 | 91,625 | 82,000 |
| PROVIDENT COMPANIES INC SENIOR | 98,577 | 113,941 |
| PRUDENTIAL FINANCIAL INC - 6.7 | 60,000 | 60,748 |
| ROYAL CARIBBEAN CRUISES LTD 7. | 36,405 | 51,750 |
| SLM CORP EDNOTES DUE 06/15/202 | 99,025 | 96,300 |
| TOYS R US DUE 10/15/2018 07.37 | 94,750 | 74,000 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| COMMONWEALTH REIT | 102,748 | 65,268 |
| DENTSPLY INTERNATIONAL INC NEW | 19,227 | 43,632 |
| GENERAL MOTORS | 32,387 | 13,651 |
| GM WARRANT A - EXP 07/10/2016 | 21,671 | 9,435 |
| GM WARRANT B - EXP 07/10/2019 | 16,681 | 7,005 |
| ISTAR FINL INC | 38,485 | 18,551 |
| MOTORS LIQ CO GUC TR UBI | 1,000 | 2,572 |
| WELLS FARGO & CO. | 102,807 | 140,740 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Administrative Fees | 15,313 | 15,313 | ||
| Bank Charges | 30 | 30 | ||
| Postage | 293 | 293 | ||
| State or Local Filing Fees | 25 | 25 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Investment Management Services | 26,639 | 26,639 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990-PF Estimated Tax for 2013 | 1,200 |