Joan B. Gottschall

Vanguard Wellington Fund* — Int/Div — Buy (add'l) — Pan VIL n.

Vanguard Wellesley Fund* — Int/Div — Buy (add'l) — Pant VIL, n. 2

Vanguard Index Trust — Int/Div

Vanguard Prime Portfolio — Int/Div

Fed Empl Credit Union Acts — Interest

IBM cistock — Int/Div

Intel ¢/stock — Int/Div

Waste Management ¢/stock — Int/Div

Vanguard Tax-Managed Growth & Income Fund® (Admiral Fund) — Int/Div — with line 3) — VIL n. 3

Hewlett-Packard ¢/stock — Int/Div — Sold

CVS Caremark ¢/stock — Int/Div

Vanguard Capital Opportunity Fund — Int/Div

BlackRock Large Cap Value — Int/Div

BlackRock Value Opportunities — Int/Div

Dodge & Cox Fds Intl Stk Fd — Int/Div — Sold (part)

Balanced Fund Inc — Int/Div — Sold

Capital Income Bldr — Int/Div — Sold (part)

Capital World Growth Inc. Fud® — Int/Div — Sold — VIL n. 4

Income Fnd Amer Inc — Int/Div — Sold (part)

Vanguard Fix. Inc. Sec. Fund — Int/Div

Elizabeth Twp PA San Auth pmo — Interest — Redeemed

Wintrust Financial Corp. Accounts® — Interest — VIL n. §

Florida St Brd Ed Pub Ed smo — Interest — Redeemed

Louisiana St Univ & Agri pms — Interest — Redeemed

Washington St He Facs pm — Interest — Redeemed

Fontana CA Umi Sch Dist pm — Interest — Redeemed

Plant City FL Infra pu — Interest — Redeemed

St. Johns Cnty FL Sales mums — Interest — Redeemed

Maryland St Hith & Hehr pm — Interest — Redeemed

New Mexico Fin Ath St mm — Interest — Redeemed

Richmond VA Ser A Pub pom — Interest — Redeemed

Exeter Twp PA pm — Interest — Redeemed

JEA FL Elec Sys Rev sm — Interest — Redeemed

California St Radian mm — Interest — Redeemed

Allegheny Cuty PA Higher mmm [ — Interest — Redeemed

Forsyth Cnty GA Ref Oud pmo — Interest — Redeemed

South Carolina St Pub mm — Interest — Redeemed

Collin Cuty T. sum — Interest — Redeemed

Williamson Caty TX Unrefunded EE — Interest — Redeemed

Fennville MI Pub Schs mmm — Interest — Redeemed

Dover NJ School District pm — Interest — Redeemed

Hanover IN Multi-School Bldg mm [] — Interest — Redeemed

Madisonville KY Wir & Swr mms [ — Interest — Redeemed

Reed City MI Pub Schs TT — Interest — Redeemed

Gateway NJ Reg! High S/D pms [ — Interest — Redeemed

MO St Hith & EFA Health Facs mmm [] — Interest — Redeemed

Clear Creek TX ludpt SD pm — Interest — Redeemed

Louisville & Jefferson Caty K's mmm [ — Interest — Redeemed

Oxford ALA Sch Wis mms — Interest — Redeemed — Pann VIII, n. 6

Dallas Tex Indpt Sch Dist pp — Interest — Redeemed — Number Corrected

Chester Cnty PA Indl Dev mmm — Interest — Redeemed

Breckenridge MN Rev pm — Interest — Redeemed

Maryland St Dept Tras: gm — Interest — Redeemed

Lake County Ind Pub Libr pmo — Interest — Redeemed

New York NY City mm — Interest — Redeemed

Mansfield TX Indpt Sch prom — Interest — Buy

Sam Diego Cuty CA Wir pm — Interest — Buy

Des Peres MO pm — Interest — Buy

Marlboro Twp NJ Mun Util pmo — Interest — Buy

New York, NY Prerefunded mmm [ — Interest — Buy

Western Carolina Regl Swr pum — Interest — Buy

East Brunswick Twp NJ pmo — Interest — Buy

Philadelphia PA Wi mm — Interest — Buy

Califormia St Dept Wir pmo — Interest — Buy

Lamar TX Cons Indpt Sch Summ — Interest — Buy

Peabody MA Mun Purp Lu mame — Interest — Buy

NYE County NV S/D pm — Interest — Buy

Nevada St Open Space-PKS mmm [ — Interest — Buy

University ME Sys Rev mm — Interest — Buy

Jefferson Parish LA Sch sums — Interest — Buy

MC Allen TX Indpt Sch Dist pm [ — Interest — Buy

Portsmouth VA Unrefunded mmm [ — Interest — Buy

University MD Sys Auxiliary mmm [] — Interest — Buy

New York St Dorm Auth pms — Interest — Buy

New York St Twy Auth Hwy [ — Interest — Buy

Pearland Tx Indpt SD Ref pm — Interest — Buy

Chippewa Valley Mi Schs mm — Interest — Buy

Louisiana St Gas & Fuels pms — Interest — Buy

Oregon St Dpt Admin Sves mmm [ — Interest — Buy

Rockville MD pmo — Interest — Buy

Central Puget Sound Wash pm — Interest — Buy

Darien CT G/O Unltd pom — Interest — Buy

Springville AL Wis G/O Ltd ps [ — Interest — Buy

Delaware St Ser-A pm — Interest — Buy

New Jersey Economic Dev pm — Interest — Buy

Berkeley County SC Water mmm — Interest — Buy

Georgetown TX Preref C11 pm [ — Interest — Buy

Henderson County NC pm — Interest — Buy

Louwswana St Gas & Fuels pom — Interest — Buy

Madison Parish LA Sch Dist pms [ — Interest — Buy

Los Angeles CA Wastewater mmm [] — Interest — Buy

Middletown Twp NJ Brd Ed pss [1] — Interest — Buy

Westerly RI G/O Unltd pmo — Interest — Buy

Greenville SC Wirwks pam — Interest — Buy

New York St Dorm Auth St ms [ — Interest — Buy

Washington St Ser E G/O pm — Interest — Buy

Adair Cnty KY Sch Dist pum — Interest — Buy

Greenville SC Wirwks pum — Interest — Buy

Lower CO Riv Auth Tx Rev mmm — Interest — Buy

Broward County FL Wir & Swr pum [1] — Interest — Buy

Larimer Weld & Boulder Cntys [mmm [] — Interest — Buy

Lower CO Riv Tx Auth Rev mms [] — Interest — Buy

Buncombe Cnty NC C1¥S pm — Interest — Buy

Highlands Cnty FL Health Facs mmm [] — Interest — Buy

North Carolina ST Prerefunded mms [1] — Interest — Buy

Woodbridge Twp NJ) pum — Interest — Buy

Arizona Sch Facs Brd pmo — Interest — Buy

Beaufort Cnty Sc mmm — Interest — Buy

Bristol TN Elec Rey Sys mmmmmmm — Interest — Buy

San Antonio 1X Elec & Gas mmm [1] — Interest — Buy

Nampa Idaho pu — Interest — Buy

Sarasota Cnty FL Communications [] — Interest — Buy

Huntington Beach CA pn — None — Buy

Wisconsin St Transn Rev pum — None — Buy

Lowndes County AL Wis mmm — None — Buy

Baytown IX pmo — None — Buy

Montana St Dept Transn pu — Interest — Buy

New York NY for Prior Issues D110 [] — None — Buy

Sylacauga AL HC pm — None — Buy

Westmoreland Cnty PA ps — None — Buy

Sylacauga AL HC mm — None — Buy

Allentown PA Swr pm — None — Buy

Klein TX Indpt Sch Dist mums — None — Buy

Independent Cities CA pm — None — Buy

La Joya TX Indpt Sch mm — None — Buy

Pine County MN Housing mom — None — Buy

MO St Hith & EFA Health pum — Interest — Buy

Plant City FL Infra pmo — Interest — Buy

Connecticut St Hith po — None — Buy

Connecticut St Hith py — None — Buy

Jackshoro TX Indpt Sch Dist pm [1] — None — Buy

La Joya 1X Indpt Sch Dist mm — None — Buy

Mississippi Dev Bank poo — None — Buy

Nevada St Rfdg Natural mommy — None — Buy

Utah Tran Auth Sales Tax pm — Interest — Buy

Altoona PA Area Sch Dist pmo — None — Buy

Oregon Ohio City Sch pm — None — Buy

Indiana Health Fac Fing mms — None — Buy

Sandoval Cnty NM pm — None — Buy

Fairview Park OH City Sch Dist UnRefunded pumas — None — Buy

Fairview Park OH City Sch Dist Prerefunded Emm — None — Buy

Stafford Cnty & Staunton VA mmm [ — None — Buy

Cicero IL Tux Increment mummy — None — Buy — Pan VIII, n. 7

Cicero IL Tax Increment J — None — Sold — VIL nn. 7

Member, Visiting Committee to the Divinity School, Umiversity of Chicago

Member, Board of Directors, Martin Marty Center at the University of Chicago Divinity School

1

. VIL, n 1 - | held this asset in two accounts. Line 1 now represents total holdings, including what was previously reported on line 22.

2

. VII, n 2 = 1 held this asset in two accounts, Line 2 now represents total holdings, including what was previously reported on line 21.

3

. VIII, nn 3 -- Vanguard Tax-Managed Growth & Income Adm Fund merged into 500 Index Fund on 5/16/2104, added to line 4.

4

. VIL, un 4 -- Lines 21 and 22 in the 2013 report have been eliminated since the totals are now reflected in lines 1 and 2 of this report.

5

. VII, 0 § = This is a "sweep" account in both my brokerage and TRA accounts in which money is held pending investment; money is constantly being put into

the account and taken out of the account.

6. VIL 1 6 - The bonds listed on line 77 of the 2013 report were sold together with the bonds listed on line 76 of that report. The aggregate sale of both bonds is

listed in this report on line 49,

7. VII, n 7 -- Despite my instructions to buy NO Illinois bonds, the broker bought this bond but immediately reversed the transaction. No income was realized.

(See lines 143-144.)