David E Russell

SMR IRA

3. BPPLC ADS — Int/Div

American Electric Power Co — Int/Div

2. Berkshire Hathaway Inc — None

4. Chico Fas Inc — Int/Div

S Clorox Co De — Int/Div

6. Emerson Electric Co — Int/Div

7. General Mills Inc — Int/Div

8. Hawanan Electric Ind — Int/Div

9. Nestle Spon ADR Reg Shr — Int/Div

10. Pepsico Inc — Int/Div

11. PG&E Corporation — Int/Div

12. Plum Creek Timber — Int/Div

13. Procter & Gamble — Int/Div

14. Target Corp — Int/Div

15. M/S Bank — Interest

DER IRA (see Part VII)

1. M/S Bank — Interest

2. ISHARES Barclays Agg Bd Fd fka Lehmans Aggregate — Int/Div

3. ISHARES Barclays Tips Bd Fd fka Lehmans Tres — Int/Div — Sold

4 ISHARES S&P Midcap 400 Index — Int/Div

S ISHARES S&P Smallcap 600 Index — Int/Div

6. SPDR SERIES TRUST DB INT GVT — Int/Div — Sold

7. PROSHARES SHORT S&P 500 — Buy

KS. PROSHARES SHORT S&P 500 — None — Sold

9. American Euro - pacific Growth Fund — Int/Div — Buy (add'l) — Dividends

10. American GR FD of America Fl — Int/Div — Buy (add'l) — Dividends

11. Columbia Acorn A — Int/Div — Buy (add'l) — Dividends

12. DWS Short Duration Plus A — Int/Div — Buy (add'l) — Dividends

13. First Eagle Global (was Global A) — Int/Div — Buy (add'l) — Class on8/4 Rvst Ds

14. First Eagle Gold (was Gold A) — Int/Div — Buy (add'l) — Class ond/4 Revst Ds

15. Ing Global Real Estate — Int/Div — Buy (add'l) — Dividends

16. Loomis Investment Grade Bd A — Int/Div — Buy (add'l) — Dividends

17. Pimco Real Retum — Int/Div — Buy (add'l) — Dividends

CASH FUNDS

1. American Express Savings — Interest

2. Golden Credit Union — Int/Div

1 Schools Financial Credit Union — Interest

4. Tri Counties Bank — Interest

PRIMARY TRUST

1. 3M Company — Int/Div

2. Abbott Laboratories — Int/Div

3. Altria Group Inc — Int/Div

4. Anadarko Petroleum — Int/Div

S. Analy Capital Mgmnt Inc — Int/Div

6. Arthur J. Gallagher — Int/Div

7. AT&T — Int/Div

8 Atmos Energy — Int/Div

9. Barcap ETN-IPATH DJ-AIG Commodity Tot Ret — None

10. Berkshire Hathaway B — None

11. Blackrock CA Muni Income Trust — Int/Div

12. Catapillar Inc — Int/Div

13. Cincinnaty Financial — Int/Div

14. Conoco Phillips — Int/Div

15. Dow Chemical Company — Int/Div

16. Duke Energy Corp — Int/Div

17. Eh Lilly & Co — Int/Div

18. Frontier Communications Corp — Int/Div

19. Google Inc-Cl A — None — Buy

20. Health Care REIT — Int/Div

21. Home Depot Inc — Int/Div

22. ISHARES MSCI EAFE Fund — Int/Div

23. ISHARES MSC] Emerging Mks Fd — Int/Div

24 Johnson & Johnson — Int/Div

25. Kimberly Clark Corp — Int/Div

26. Kraft Foods Inc — Int/Div

27. Lowes Companies Inc — Int/Div

28. Netgear Inc — None

29. Nextera Energy Inc Com — Int/Div

30. Novartis AG ADR — Int/Div

31. Outer Tail Corp — Int/Div

32. Phizer Inc — Int/Div

33. Phillip Morris Intl Inc — Int/Div

34 SPDR S&P Emerging Asia Pacif — Int/Div

35. Spectra Energy Corp — Int/Div

36. Sysco Corp — Int/Div

37. The Technology Sel Sec SPDR — Int/Div

38. Time Wamer Cable Inc New — Int/Div

39 Tune Wamer Inc New — Int/Div

40. TIX COS Inc New — Int/Div

41. USG Corp New — Buy (add'l)

41. USG Corp New — None — Sold (part)

42 Verizon Communications — Int/Div

43 Waste Connections — None

44. California St Genl Oblig — Interest

45. Columbia Select Smile Cp Val A — Int/Div

46. Franklin CA Tax Free Income Fd — Int/Div

47. Franklin Mutual Global Discovery A — Int/Div

48. Thomburg CA Ltd Term Muni A Fd — Int/Div

S51. M/S Bank & Money Mkt Fds — Interest

SECONDARY TRUST

1. American Express Savings A/c — Interest

2. M/S Bank Alc — Interest

3 Hawanan Electric Ind — Int/Div

4.Wells Fargo & Co New — Int/Div

S. California St Var Purpose Bond — Interest

6. Franklin CA Tax Free Income Fd, Class A — Int/Div

7. Hartford Fortis Masters VA — Interest

RK. Rental Property, San Lorenzo, CA — Rent — Part VII

Trustee Trust. Assets reported in Part VI, The Primary Trust

Trustee of Living Trust . Assets reported in Part VII, The Secondary Trust

Reimbursement — California Bankruptcy Forum — May 19th thru 22nd, 2011 — Squaw Creek, CA — Participation in Bankruptcy Programs for Professionals — Lodgmg and some meals

Part IV. My wife and | attended the annual conference of the Califorma Bankruptcy Forum in Squaw Creek, CA.in May of 2011 for four days. Some of the meals

were complimentary and our lodging expenses were paid. Attendance at the Conference and reimbursement of travel expenses was approved as not in violation

of the 1989 Ethics Reform Act in a letter dated | 1/28/90 from Walter K. Stapleton, the then chair of the Committee on the Codes of Conduct of the Judicial

Conference of the United States to Bankruptey Judge John E. Ryan of the Central District of California, Estimated expenses paid for by the Conference were

approximately $2,500.

Part VII, line 17. The DER IRA 1s managed by our broker. We have no control over the mvestments.

Part VII, line 100. The value was determined by a real estate broker using comparable sales.