Colleen McMahon

EES 1985LP

EES 19861LP

Citibank(Savings' — EERE

Citibank(Savings)

Skyline Venture Partners IP — HE — SeeNote#4

McKinley Capmal Realy Pampers LLC

THEELIYILE F (1998 300,000; — 5

Reimbursement — 4, Trustee — Foundation #1

Spouse's income — Tree — Trust £2

Spouse's income — 2003 — Morgan Stanley & Co.-Option exercise

Spouse's income — 2003 — Emmis Communications Corp ~-Director Fees

Spouse's income — 20003 — CSG Systems Inc-Director Fee

Spouse's income — 2003 — Kohf's Department Stores Inc-Diirector Fee

Spouse's income — Morgan Stanley Venture Investors II LP — Capital Contribution

(Indicate part of Report.)

Note # 1

Ezxplaaation Re:Section VIL Item #'s 11,12,15,40,41,43 44,65

Summit Associates LP is a General Partnership, of which both shareholders are closely held *S* Corparutions, (PB Investments Inc., and MS

Investments., Inc).Summit Associates is thc managing member of Marier's Park LLC. Mariner's Park LIC sold the remaining real estate in 2003 that was

held in Ensthaven CT. In addition, the Notes Receivable, held by Summit Associates was redeamed in 2003. The only remianing asset left in the

partnership is Cash as of December 31, 2003.

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ES

Noté #2.

Explanation Re: Section VILRem # 15& a3

KPB Investments Inc, is a general partner of Summit Associates. Th assets of the corporation arecxplained above. KPB is 2 member of Mariners Pade

LLC.Th only remaining asset is Cash.

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Note #3

Explanation Re:Section VIT Rem # 40 & 44

MS Investments Inc. laa general partner of Summit Associates. The assets of the corporation am explained shove. MS is & member of Marigers Park LLC,

The only remaining 2ssct is Cash.

Note #4

Explanation Re:Section VII Item #' 7,16,29,31,32.33,65,69,72,74,23,84,97,101,103,104,105158,159,179,184,201,205,

The income from investments in I imited partnerships esually contain more than one type of income. For income vahumtion purposes, the various amounts

were combined to determine the amount code in cokumnn B(1)The type of incame in column B(2)is Iabsled “distribution”, to denote more then one category

of income was contzined in schedule K-1 received from the partnership.

Note# 5

Explanation Re:Section VII Item # 144,145,146,147,148,149,150,217

Beginning February 2001, Judge McMahon has served as a Churchwarden of ber parish church. The assets of the parash, which are corporate assets,are

owned in the name of the Rector, Wardens and Vestry of the perish(who are collectively the equivalent of the Board of Directors of the parish, which is

incorporated under the Religious Carparation Lew of the State of New York). Because of this techmicality of ownership, we have elected to list the

financial assets of the parish gs item # 145-150 and 217 on the Disclosure Farm. Jodge McMahon does not sit onthe Investment Cormmittes of the parish

and does not formate recommendations or meke decisions conceming investirants.

Item # 147

The assets contained in the Merrill Lynch brokemge account consists of monsy market fimds. From tire to time, the Church receives contributions in the

form of marketable securities of publically or privately held corporations. The Church maintains & policy (adopted long before Judge McMahon's time)of’

not holding securities and therefore sells arty stock it receives immediately upon receipt. The proceeds are then deposited into the money market fund. We

do not separmely fit these gifts of securities on the disclosure farm. Under the Constitution and Canons of the Episcopal Cinch (USA) the church and the

adjacent parish house are held by the corparation in trast for the Episcopal Dioceses of New York and may not be alienated (including by lease for a period

of more than five years)without the approval of the Bishop and the Standing Committes of the Dioceses of New York. They are not separaety listed on the

disclosure form.

Note # 6

Explanation Re:Section VII em # 250,252,254

These securities were not purchased but were received from tie to tims es io-Eind distribedtions from the various Limited Partherships These securities are

listed 2s a "Distribution" in column D(1). The date in column D(2) i the effective date of the distribation. The Valoe in colums D(3) is the distributecs's

pro nite share of the total acquisition of the sets by the Limited Partharship, as reported by the Gen=al Partner. These securities were donated 30

Foundation # } and sald by the Foundation, upon receipt.

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Note £7

Seplanation RecSection VII Item 11,12,38,4,44

‘The accounts originality listed as Boston Saft were rammed to Mellon Trust of NE daring 2003

Note # 8

Explanation Re:Section VII Item # 260

The gecuriies received were en exempt gift received by the fudg=in 2003. They were exempted from reporting under Section V.