| 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 |
|---|---|---|
| 10M PNC FUNDING CORP | 0 | 0 |
| 10M US BANCORP | 0 | 0 |
| 11M US TREASURY NOTE 3.125% | 0 | 0 |
| 14M BRAZOS STUDEBT FIN | 6,701 | 6,417 |
| 15M FHLMC | 11,120 | 10,644 |
| 15M US TREASURY NOTE 1.75% | 15,194 | 14,754 |
| 17M US TREASURY NOTE 2.125% | 0 | 0 |
| 21M FNMA | 21,000 | 21,008 |
| 8M ALLSTATE CORP | 9,379 | 9,345 |
| 8M CON EDISON | 8,798 | 8,650 |
| 8M KIMBERLY CLARK | 9,359 | 9,269 |
| 9M CENTERPOINT ENERGY | 10,967 | 9,821 |
| 9M CHASE ISSUANCE TR | 9,034 | 8,864 |
| 9M PECO ENERGY COMPANY | 9,775 | 9,670 |
| 9M SUNTRUST BANKS INC | 9,638 | 9,560 |
| 9M TARGET CORP | 9,871 | 9,809 |
| 10M UNITED TECHNOLOGIES | 10,104 | 10,057 |
| 9M AMERICAN EXPRESS | 9,933 | 9,981 |
| 12M US TREASURY NOTE 3.625% | 0 | 0 |
| 25M US TREASURY NOTE 1.75% | 23,727 | 24,357 |
| 10M NATIONAL RURAL UTILITIES | 0 | 0 |
| 9M AT&T | 9,687 | 9,621 |
| 2M NATIONAL RURAL UTILITIES | 0 | 0 |
| 8M METLIFE | 8,998 | 9,009 |
| 2M METLIFE | 2,333 | 2,324 |
| 10M DISNEY WALT CO | 9,955 | 10,016 |
| 9M FNMA | 7,954 | 7,856 |
| 9M PNC BANK | 9,000 | 8,956 |
| 10M US BANK NATL ASSN | 10,105 | 9,992 |
| 12M NATL RURAL UTLS | 12,137 | 11,861 |
| 28M US TREASURY 2.00 | 27,094 | 27,371 |
| 13M US TREASURY 2.25 | 13,004 | 12,971 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| STIFEL NICOLAUS-3768 | 136,265 | 140,595 |
| STIFEL NICOLAUS-3918 | 196,354 | 216,722 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 6,031 | 6,031 | ||
| OFFICE | 110 | 110 | ||
| FILING FEES | 100 | 100 |