Paul E. Davison

JP Morgan Chase Bank Account — None

HSBC Bank Accounts — None — Closed

Allergan Inc (AGN) — Int/Div

Artio Global High Yield Bond (JHY1X) — Int/Div

Consolidated Edison (ED) — Int/Div

DFA Emerging Markets Core Equity (DFCEX) — Int/Div

DFA Global Real Estate Sec (DFGEX) — Int/Div

DFA Short-Term Extended Quality (DFEQX) — Int/Div — Buy

Disney (DIS) — Int/Div

DWS A Fixed Income (SFXAX) — Int/Div — Buy (add'l)

DWS A Fixed Income (SFXAX) — Sold (part)

DWS A Fixed Income (SFXAX) — Sold (part)

DWS A Money Market (KMMXX) — Int/Div

DWS A S&P S00 Index (SXPAX) — Int./y — Buy (add'l)

DWS A S&P S00 Index (SXPAX) — Buy (add'l)

DWS A S&P S00 Index (SXPAX) — Buy (add'l)

DWS A S&P S00 Index (SXPAX) — Buy (add'l)

DWS A Short Duration Plus (PPIAX) — Int/Div — Sold (part)

DWS A Short Duration Plus (PPIAX) — Sold (part)

Fidelity Cash Reserve (Qual) (FDRXX) — Int/Div

Fidelity Equity Income (FEQIX) — Int/Div — Sold (part)

Fidelity Floating Rate High Income (FFRHX) — Int/Div — Buy (add'l)

Fidelity Floating Rate High Income (FFRHX) — Sold (part)

Fidelity Floating Rate High Income (FFRHX) — Sold

Fidelity Focused High Income (FHIFX) — Int/Div — Sold (part)

Fidelity New York Municipal Money Market (FNYXX) — Int/Div

Fidelity Spartan Intl Index (FSIX) — Int/Div — Sold (part)

Fidelity Spartan Intl Index (FSIX) — Sold

Frunklin R Age High Income (FHIRX) — Int/Div — Buy (add'l)

Frunklin R Age High Income (FHIRX) — Sold (part)

Frunklin R Age High Income (FHIRX) — Buy (add'l)

Glaxosmithkline PLC ADR (GSK) — Int

Mimois Tool Works Inc (1TW) — Int/Div — Sold (part)

iShares Barclays TIPS Bond (TIP) — Int/Div — Sold

iShares iBoxx High Yield Corp Bd (HYG) — Int/Div — Buy

iShares iBoxx High Yield Corp Bd (HYG) — Buy (add'l)

iShares iBoxx High Yield Corp Bd (HYG) — Buy (add'l)

iShares MSC ACW]! ex US Index (ACWX) — None — Buy

iShares MSC ACW]! ex US Index (ACWX) — Sold

iShares MSC] EAFE Small Cap Index (SCZ) — hy — Buy

iShares MSC] EAFE Small Cap Index (SCZ) — Buy (add'l)

iShares MSC] EAFE Small Cap Index (SCZ) — Buy (add'l)

iShares MSC] EAFE Small Cap Index (SCZ) — Buy (add'l)

iShares S&P Global Timber & Forestry Index (WOOD) — Int/Div

Johnson & Johnson (JNJ) — Int/Div — Sold (part)

Payden High Income (PYHRX) — Int/Div — Buy (add'l)

Payden High Income (PYHRX) — Sold (part)

Payden R Emerging Mkts Bond (PYEMX) — Int/Div

SPDR Barclays High Yield Bond (JNK) — Int/Div — Buy

SPDR Dow Jones Industrial Average (DIA) — Int./hv — Sold

SPDR S&P Emerging Markets Small Cap {EWX) — Int/Div — Buy

SPDR Utilities Select Sector (XLU) — Int/Div — Buy

Vanguard Inflation Protected - Adm (VAIPX) — Int/Div — Sold

Vanguard Interm-Term Investment-Grade Ad (VFIDX) — Int/Div

Zimmer Holdings Inc (ZMH) — None

New York 529 Inflation Protected Securities Portfolio — None — Buy (add'l)

TRLST 2)

Call EEM 6-16-12 (@ 40 (short sale) — None — Sold

Call EFA 12-17-11 @ 53 (short sale) — None — Sold

Call EFA 12-17-11 @ 53 (short sale) — Expired

Call EFA 6-16-12 @ 56 (short sale) — None — Sold

Call iShares MSC EAFE 11-19-11 @ 55 (short sale) — None — Sold

Call iShares MSC EAFE 11-19-11 @ 55 (short sale) — Expired

Call iShares Tr 6-18-11 w@ 60 {short sale) — None — Closed

Fidelity Floating Rate High Income (FFRHX) — Int/Div — Sold

Fidelity Focused High Income (FHIFX) — Int/Div

Fidelity New York Municipal Income (FTFMX) — Int/Div

Fidelity New York Municipal Money Market (FNYXX) — Int

Fudehity Spartan 500 Index (FUSEX) — Int/Div — Buy

Fidelity Spartan Extended Mkt Index (FSEMX) — Int/Div

Fidelity Spartan Intl Index (FSX) — Int/Div — Sold

Fidelity Spartan Tax-Free Bond (FTABX) — Int/Div

Fidelity Spartan Total Market Index - Ady (FSTVX) — Int/Div

iShares iBoxx High Yield Corp Bd (HYG) — Int/Div — Buy

iShares MSC EAFE Index (EFA) — Int/Div — Buy (add'l)

iShares MSC EAFE Index (EFA) — Buy (add'l)

iShares MSC EAFE Index (EFA) — Buy (add'l)

iShares MSC EAFE Sm (SCZ) — Int/Div — Buy (add'l)

iShares MSC EAFE Sm (SCZ) — Buy (add'l)

iShares MSC EAFE Sm (SCZ) — Sold

iShares MSCI Emerging Markets Index (EEM) — Int/Div — Buy (add'l)

iShares MSCI Emerging Markets Index (EEM) — Buy (add'l)

iShares MSCI Emerging Markets Index (EEM) — Buy (add'l)

iShares Russell 1000 Index (IWB) — Int/Div — Buy

iShares Russell 1000 Index (IWB) — Buy (add'l)

iShares Russell 1000 Index (IWB) — Buy (add'l)

iShares Russell 1000 Index (IWB) — Buy (add'l)

iShares Russell 1000 Index (IWB) — Sold

iShares S&P 500 Index (IVV) — Int/Div — Buy

iShares S&P 500 Index (IVV) — Sold

iShares S&P Global Timber & Forestry Index (WOOD) — Int/Div

JP Morgan Tax Aware Real Return « Inst (TXRIX) — Int/Div — Sold (part)

MLP & Strategic Equity (MTP) — Int/Div

Nuveen NY Municipal Dividend Advantage (NAN) — Int/Div

Payden High Income (PYHRX) — Int/Div

Plum Creek Timber Co (PCL) — Int/Div

Port Auth NY & NJ Cons Bds 4.25% TV 172026 (73358 1ISFO)Y — Interest — Buy

Potlatch Corp (PCH) — Int/Div

S&P Dep Receipts (SPY) — Int/Div

SPDR Barclays Cptl Shrt Trm Crprt Bnd ETF (SCPB) — Int/Div

SPDR Barclays High Yield Bond (JNK) — Int/Div — Sold (part)

SPDR Barclays High Yield Bond (JNK) — Buy (add'l)

SPDR Dow Jones Industrial Average (DIA) — Int/Div — Sold (part)

SPDR Index Shares (EWX) — Int/Div — Sold

Vanguard FTSE (VSS) — Int/Div

Vanguard Short Term Corp Bond (VUCSH) — Int/Div

WisdomTree Emerging Mkts Small Cap Div (DGS) — Int./y — Buy (add'l)

Interim Char, Schools Committee

Adpunct Professor, New York Law School

Income — 2011 — New York Law School - Salary — S4.500.00

Section 1, Line #1

Trustee position was reported on 2009 report but was inadvertently omitted from 2010 report.

Section VII, Line #2

Closed 1 of 2 HSCB accounts. Remaining account does not meet reporting threshold.