Karen A Overstreet

IBM Common Stock — Day

Microsoft Common Stock — Int/Div

USAA Tax Exempt Money Market Fund — Int/Div

Black Rock Global Allocation Fund (formerly Merrill Lynch) — Int/Div

Brandes International Fund — None — Buy (add'l)

Brandes International Fund — Buy (add'l)

Brandes International Fund — Buy (add'l)

AT&T Common Stock — Int/Div

USAA G&I Fund 21 — Int/Div

Gravina Island Partnership — None

USAA G&I Fund #2 — Int/Div

Alaska Power & Telephone Common Stock! Appraisal 12/31/08 — Int/Div

PIMCO Total Return Fund — None — Buy (add'l)

PIMCO Total Return Fund — Buy (add'l)

PIMCO Total Return Fund — Buy (add'l)

Comcast Capital Corp. Common Stock — Int/Div

Cisco Systems Common Stock — None — Sold

Fundamental Investors Fund — None — Buy (add'l)

Fundamental Investors Fund — Buy (add'l)

Fundamental Investors Fund — Buy (add'l)

Payden Short Term Bond Fund — None

Rainier Balanced Institutional Fund — None — Sold

Schwab Stable Value Class 11 — None — Sold

Tamarack FDS Prime (formerly Great Hall,UTS EF Hutton — Int/Div

Tamarack FDS Prime (formerly Great Hall Invst FDR) — Int/Div

Allez PhysiOnix Ltd. Common stock — None

Washington Health Care- Group Health Bonds — Interest

Wash.St GO Motor Vehicle Bonds — Interest — Redeemed

Levelland TX Cons ISD GO Bonds — Interest

Columbia Acorn Select Z fka Calamos Growth Fund — None — Sold

Goldman Sachs Small Cap Valuefund — None — Buy (add'l)

Goldman Sachs Small Cap Valuefund — Buy (add'l)

Goldman Sachs Small Cap Valuefund — Buy (add'l)

Amencan Funds GR Fund of America — None — Sold

T Rowe Price Mid Cap Value — None — Buy (add'l)

T Rowe Price Mid Cap Value — Buy (add'l)

T Rowe Price Mid Cap Value — Buy (add'l)

Clark County Skamania GO — Interest — Redeemed

Spokane WA GO AMBAC — Interest — Redeemed

King County WA Rural GO — Interest

Bristol Myers Squibb — Int/Div — Buy (add'l)

Aston Optimum Mid cap (formerly ABN AMRO Midcap) — Int/Div

Artisan International Fund — Int/Div — Buy (add'l)

Harbor Cap MF — Int/Div

Puget Sound Bank — Interest

Schwab Municipal Money Market Fund — Int/Div

Port of Seattle Revenue Ref Intermediate Lien — Interest

Seattle WA GO Ref & Impt CPN 5% — Interest — Sold

University NCW (Sonata) — Interest — Redeemed

Public Storage Series 1-7.5% — Interest — Sold

Pierce County WA #1 GO — Interest

Remon WA GO — Interest

Cowlitz County WA Pub Utility District #1 — Interest

Alaska Mun Bd Bk AKGO — Interest

Klickitat Cnty WA PUD 2) — Interest

Port Everett Wash Rev — Interest

Snohomish Cnty Wash School Dist GO — Interest

Washington ST GO MBIA Motor Vehicle Fuel — Interest — Redeemed

shares MSCI EAFE Index — Int/Div

North Thurston Public Schools WASH G/O (KO Rollover) — Interest

Snohomish County WA School Distr Everett GO RFDG — Interest

King County School Dist. Bellevue — Interest — Redeemed

Ishares Core S&P ETF (Midcap), formerly Ishares S&P Midcap — Int/Div

Ishares S&P Small Cap — Int/Div — Buy (add'l)

shares S&P TR Dow Jones US Real Estate — Int/Div — Buy (add'l)

Ishares Core S&P ETF (500), frmy Ishares Trust S&P S00 Index — Int/Div

Seattle Wash Wir Sys Water Rev 2003 (DR) — Int/Div

Central Puget Sound GO Regl Trans, Auth (DR) — Interest

Spokane County Wash GO Serv (DR) — Interest — Sold

Wash State Various Purp GO BUS 2009 A (DR) — Interest

Seattle Wash Water Svs Rev REDG (DR) — Interest — Redeemed

Seattle Wash Water Svs Rev RFDG (DR) — Interest

King County Wash Pub Trans Sales Tax Bus 2004 (DR) — Interest

King County Limited Sewer G/O 2009 — Interest

Port of Seattle Rev Ser A Airports 2001 A — Interest — Redeemed

Tacoma WA Solid Waste Water/Sewer W068 — Interest

King County Limited Tax G/O Sewer 2008 (Essential Service) — Interest

Central Puget Sound Regl Sound Transit 207A — Interest

Okanogan Cnty Wash GO UTX (Sonata) — Interest — Redeemed

Bareclay BK Ipath ETN (Sonata) — Int/Div — Sold

IShares EMRG Mkt Fd (Sonata) — Int/Div — Buy (add'l)

IShares Russell 1000 Val (Sonata) — Int/Div

Goldman Sachs GRP Inc Mtn BE due 2024 — Interest

Meck & Co — Int/Div — Buy

Meck & Co — Int/Div — Buy (add'l)

Eh Lilly & Co — Int/Div — Buy

Eh Lilly & Co — Sold

Lockheed Martin Corp — Int/Div — Buy

Lockheed Martin Corp — Sold

Exelon Corp. — Int/Div — Buy

AT&T, Inc — Int/Div — Buy

AT&T, Inc — Buy (add'l)

Altria Group, Inc — Int/Div — Buy

Altria Group, Inc — Int/Div — Buy (add'l)

Verizon Communications, Inc — Int/Div — Buy

Verizon Communications, Inc — Int/Div — Buy (add'l)

Southern Co. — Int/Div — Buy

Southern Co. — Int/Div — Buy (add'l)

American Mutual Fund, Inc — Int/Div — Buy

Capital World Growth & Income Fund Class A — Int/Div — Buy

Euro Pacific Growth Fund — Int/Div — Buy

Fundamental Investors. Inc — Int/Div — Buy

New World Fund Inc — Int/Div — Buy

New Economy Fund SBI — Int/Div — Buy

New Perspective Fund, Inc — Int/Div — Buy

SmallCap World Fund, Inc — Int/Div — Buy

ConocoPhillips-COP (Dain) — Int/Div — Buy

ConocoPhillips-COP (Dain) — Buy (add'l)

EPR Properties/Entertainment Properties Trust-EPR.C — Int/Div — Buy

Kinder Morgan Inc — Int/Div — Buy

Intel Corp. — Int/Div — Buy

Duke Energy Corp — Int/Div — Buy

Westcore Growth Fund (Sonata) — Int/Div — Buy

Westport Fund Class R (Sonata) — Int/Div — Buy

Sound Shore Fund. Inc. (Sonata) — Int/Div — Buy

Mainstay 1Cap Select EQ (Sonata) — Int/Div — Buy

IShares Russell 1000 Growth (Sonata) — Int/Div — Buy

New York, NY GO UTX 3% (Sonata) — Interest — Buy

New York, NY GO UTX 3.75% (Sonata) — Interest — Buy

Austin, TX GO LTX 2% (Sonata) — Interest — Buy

Baron Small Cap Institutional Index (JAR Ret) — None — Buy

Columbia TR Focused Large Cap (JAR Ret) — None — Buy

Columbia TR Focused Large Cap (JAR Ret) — None — Buy (add'l)

Columbia TR Focused Large Cap (JAR Ret) — None — Buy (add'l)

Galhard Retirement Income Fund (JAR Ret) — None — Buy

Galhard Retirement Income Fund (JAR Ret) — Buy (add'l)

Galhard Retirement Income Fund (JAR Ret) — Buy (add'l)

Invesco International Growth Eq TR (JAR Ret) — None — Buy

Vanguard Institutional Index (JAR Ret) — None — Buy

Vanguard Institutional Index (JAR Ret) — Buy (add'l)

Vanguard Institutional Index (JAR Ret) — Buy (add'l)

Ivy Mid Cap Growth (JAR 401K) — None — Buy

Ivy Mid Cap Growth (JAR 401K) — Buy (add'l)

Ivy Mid Cap Growth (JAR 401K) — Buy (add'l)

Judicaal Lunson, CENTS (Consumer Education and Training Services), S01(c)(3) entity

Member, Limited Lubility Company, Le

Reimbursement — Oregon State Bar Association — 4/26-29/12 — Scarttle, WA — Conterence speaker — Registration, meals

Spouse's income — 2012 — Salaried attorney-contract partner -

Alaska Power & Telephone stock was appraised on 12/31/11 at $21.13 per share.

LLC has no reportable assets at this time which are held as investments or for the production of income.

Graving Island Parmership: Karen Overstreet Date: 1/90 Cost: $41

Date: 1/90 Cost: $59