Philip M Frazier

Worldcom, Inc — None

Union Central Life Ins — Interest

Yachtman Fund — Int/Div

Hilliard Lyons Money Mkt — Int/Div

AT&T — Int/Div

Nokia — Int/Div

Flextronics, Inc — None

Amenca Online — None

Rental Property #1, Nashville, 11 house — Rent

Rental Property #2 Nashville, 11 house — Rent

Oracle — None

T.Rowe Price Fund Capital Appreciation — Int/Div

T.Rowe Price Fund Personal Stragegy Growth — Int/Div

T.Rowe Price Tax Free Short Intermediate Fund — Int/Div

ARM Financial — None

Brightpoint, Inc — None

Cisco Systems — None

T.Rowe Price Tax Free Fund — Int/Div

12 Global Comm — None

McDonalds — Int/Div

RF Micro Devices — None

AT&T Comp New — Int/Div

Taiwan Semiconductor — None — Sold

Potash Corp Saskasgewan, Inc — None — Buy

Potash Corp Sask, Inc — None — Sold

Etrade Fmancial Corp — None — Sold

Ford — None — Sold

Proshares Ultrashort — None — Buy

Proshares Ultrashort — None — Sold

Peabody Coal Co — None — Buy