| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING | 2,310 | 2,310 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PNC | 15,240 | 15,943 |
| NESTLE SPON ADR | 27,933 | 30,510 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| CALAMOS GROWTH & INCOME FUND | AT COST | 65,372 | 88,010 |
| DAVIS OPPORTUNITY FUND | AT COST | 126,441 | 165,434 |
| HOTCHKIS & WILEY LARGE CAP | AT COST | 43,712 | 66,025 |
| ROYCE PENNSYLVANIA MUTUAL FD | AT COST | 24,146 | 24,367 |
| UNDISCOVERED MNGR | AT COST | 43,788 | 43,424 |
| OPPENHEIMER MID CAP | AT COST | 20,010 | 25,255 |
| HENNESSY JAPAN INST | AT COST | 40,430 | 66,303 |
| T ROWE PRICE INTL DISCOVERY | AT COST | 65,729 | 74,344 |
| FRANKLIN GROWTH ADVANTAGE | AT COST | 92,312 | 196,766 |
| CLEARBRIDGE VALUE TRUST | AT COST | 113,142 | 120,345 |
| T ROWE PRICE NEW HORIZONS | AT COST | 240,999 | 333,960 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ADVISORY FEES | 8,724 | 8,724 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 490 | 490 | 0 | |
| TAXES | 423 | 423 | 0 |