James O. Browning

Corporation — NOTE 1 @ Part vii

Single Member LLC — NOTE 1 @ Part vii

NM Bank & Trust Checking/Savings — None

Rental Property #3, Albuquerque, NM 12006, S663.074) — Reat — Note 2 @ Part VIII

Vacant land #2, Albuquerque, NM (2006, S900.754) — None — Note 2 (@ Part VIII

Rental Property #2, Albuquerque, NM 12005, $611.855) — Rent

Fidelity Municipal Money Market (Tax Exempt) — None

Checking Account at New Mexico Bank & Trust — None

Trust #1 - Vanguard Brokerage Acct - Prime Money Market — Int/Div — Closed

Trust #1 - Treasury Bills — Interest — Closed — Note 3 @ Part VIII

Trust #1 - Savings Bonds — Interest

Trust #1 (Brokerage Account at Fidelity) — NOTE 1 @ Part vi

Fidelity Municipal Money Market — Int/Div — Closed

United States Treasury Bills — Interest — Open — Note 3 @ Part VIII

United States Treasury Bills — Sold (part)

United States Treasury Bills — Sold (part)

United States Treasury Bills — Sold (part)

United States Treasury Bills — Sold (part)

United States Treasury Bills — Redeemed

Cash Management Account — Interest — Open

IRA #1 (Fidelity Brokerage Account) — NOTE 1 (@ Part vii

EMC Common Stock — None — Sold

Microsoft Common Stock — None — Sold

PMC Sierra Common Stock — None — Sold

Charles Schwab Common Stock — None — Sold (part)

Charles Schwab Common Stock — Sold

Tellabs Common Stock — None — Sold

Xilinx Common Stock — None — Sold (part)

Xilinx Common Stock — Sold

Baron Small Cap Fund — None — Sold

Baron Partmers Fund — None — Buy (add'l)

Dodge & Cox Intematl Stock Fund — Int/Div — Buy (add'l)

Meridian Growth Fund — Int/Div — Buy (add'l)

Meridian Growth Fund — Buy (add'l)

Meridian Growth Fund — Buy (add'l)

Rydex Nasdaq 100 Inv Class — None

Vanguard Int'l Growth Portfolio — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Fidelity Cash Reserves — Int/Div

Fidelity Int] Discovery — None — Sold

Vanguard FTSE All WORLD Ex US Ind Inv — Int/Div — Buy

Vanguard FTSE All WORLD Ex US Ind Inv — Buy (add'l)

IRA #2 (Fidelity Brokerage Account) — NOTE 1 (@ Part vi

AllianceBem Global Thematic Gr A (Mutual Fund) — Int/Div — Buy (add'l)

Putnam Multi Cap Growth Cl A — None

Vanguard Total Stock Market — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Fidelity Cash Reserves — Int/Div

Baron Partners Fund — None — Buy (add'l)

Custodial Account £3 — NOTE 1 @ Part vii

Vanguard Total Stock Market — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Fidelity Municipal Money Market — None

Baron Partners Fund — None

Wells Fargo Advisors Scholar's Edge 529 Acct #1 — NOTE @ Part vii

Moderate Portfolio C — None

Wells Fargo Advisors Scholar's Edge 529 Acct #2 — NOTE 1 @ Part vii

Moderate Portfoho C — None — Sold (part)

Checking Account - Wells Fargo Bank — Interest

Custodian, Custodial Account #3

Director/Chairman, Christian Scholarship Fund

Director, Ton of the Courts

Director, Tenth Circuit Historical Society

Liability — New Mexico Bank & Trust — Mortgage on Rental Prop #3, Albuquerque, NM (Part VII, line 4), See Note 2 at Part VIII

Liability — New Mexico Bank & Trust — Mortgage on Vacant Lund #2, Albuquerque, NM (Part VII, line 5). See Note 2 at Part VIII

Liability — Wells Fargo Bank — Credit Card

Spouse's income — 2011 — Sunset Mesa Schools Inc, wages

Spouse's income — 2011 — Self Employed - School Choir Director, income from students’ parents

NOTE 1 - The items listed in Section VII that have the note "See NOTE 1 i@ Part VIII" in Column (5) are headers only. The specific assets held in that

corporation/trust/accounts ure indented and listed individually following the header.

NOTE 2 - The two mortgages payable to New Mexico Bank & Trust listed at Part VI, lines 1 & 2 are in the name of the Single Member LLC (Part VII, line 2)

which is owned by the Corporation (Part VIL, line 1). The mortgages are personally guaranteed 500

NOTE 3 - The Trust 1 - Treasury Bills account (line 10 in Part VII) was closed April 21, 2011 and the Treasury Bills were transferred into the Trust #1 (Brokerage

Account at Fidelity) (line 12 in Part VII) and subsequent transactions are reported starting at line #14 in Part VII,