Richard Owen

ALCAIrL LUCENT — None

AT&T — Int/Div

BLACKROCK INTERNATIONAL — Int/Div

DOW CHEMICAL — Int/Div

FIFIH THIRD BANCORP — Int/Div

CONED — Int/Div

HEINZ — Int/Div

HERSHEY — Int/Div

HANESBRAND — None

HOME DEPOT — Int/Div

INTEL — Int/Div

INTERPUBLIC — None

JOHNSON & JOHNSON — Int/Div

KIMBERLY CLARK — Int/Div

LAZARD — Int/Div

LSI CORP — None

MARSH & MCCLENNAN — Int/Div

MOTOROLA SOLU 110NS (FORMERLY MOTOROLA) — None

MOTORS LIOUIDATION — None

NEW WORLD BRANDS — None

PROCTER AND GAMBLE — Int/Div

NY 1IMES — None

NUVEEN TRADEWINDS — Int/Div

SARA LEE — Int/Div

SOUTHERN CORP — Int/Div

US BANCORP — Int/Div

M&T (Formerly Wilmington) — Int/Div

NYC GO MUNI 5% 2024 — Int/Div

NYC GO MUNI 5.25% 2027 — Int/Div

NY STATE GO 4% 2020 — Int/Div

MOTOROLA MOBILITY — None — from line 18)

CORNING NYC 4% 2011 — Int/Div — Matured

HILTON CSO NY 3.75% 2013 — Int/Div

LI POWER 5.5% 2012 — Int/Div

NYC 5.25% 2012 — Int/Div

NY LOCALGOVT 5% 4/18 — Int/Div

NYC I1RANS 5% 2013 — Int/Div

NY DORM 5.25% 2020 — Int/Div

NY THWY 3.75% 2012 — Int/Div

OYSTER BAY 3.752014 — Int/Div

RYE BROOK 33752014 — Int/Div

SOUTH HUNTINGTON 3.6 2011 — Int/Div — Matured

SUMFOLK 36 2014 — Int/Div

TOBACCOSETTIMT SS 2019 — Int/Div

TOB SETTLMT 52012 — Int/Div

W.BABYLON4 2014 — Int/Div

WHITE PL 4252018 — Int/Div

NYC S203 — Int/Div

The asset NY NY 4.75% 8/25 was called away and is no longer in portfolio.