Stewart R. Dalzell

Merck & Co — Int/Div

Cape Cod Five Cent Savings — Interest

Bear, Stearns/JP Morgan Fed. Fund — Interest

PNC Bank — Interest

RMA/Smith Barney Tax Free Fund — Int/Div

BRE Properties, Inc — Int/Div

Vangaurd PA Tax Free Money Fund — Int/Div

Prime Fund-Cash Reserve Trust — Int/Div

Pepsico — Int/Div — Buy — add'l shares on NYSE

Cisco System Notes — Interest

General Electric Capital Notes — Interest

Phzer. Inc — Int/Div — Sold (part) — sale on NYSE

Bank America Notes — Interest

General Electric Cap. Notes — Interest

Exxon Mobil — Int/Div — Buy — add'l shares on NYSE

SEI Daily Income Trust — Int/Div

Waste Management — Int/Div — Sold (part) — sale on NYSE

Chevron — Int/Div

Johnson & Johnson — Int/Div — Buy — add'l shares on NYSE

General Mills — Int/Div — Buy — add'l shares on NYSE

SandRidge Energy — None

Seneca Foods — None — Sold — on NASDAQ

Intel — Int/Div

AT&T — Int/Div — Buy (add'l) — add'l shares on NYSE

McDonalds Comp — Int/Div

Powershares E11 — Int/Div

Dommion Resources — Int/Div

Nat'l Rural Utility Notes — Interest — Matured — matured

Diageo PLC — Int/Div — Buy — add'l ADRs on NYSE

Chubb Corp. — Int/Div

Windstream — Int/Div

Vanguard Total Bond ETF — Interest

Conoco Phillips — Int/Div

Int'l Business Machmes — Int/Div — Sold (part) — sale on NYSE

Hewlett-Packard Co — Int/Div — Buy — on NYSE

Fed. Home Loan Bank Bonds — Interest — Sold — on NASDAQ

Federal Farm Credit Bank Notes — Interest

Preferred Apt. Communities — Int/Div — Buy — on Amex

Southwestern Bell Tel. Bonds — Interest

Fairfax Financial Holdings — Int/Div — Sold (part) — sale on Toronto SE

Henderson Global Equity — Int/Div

Plum Creek Timber — Int/Div

Northern Trust Corporate Bonds — Interest — Buy — on NASDAQ

Dow Chemical Notes — Interest — Redeemed — call

IM Co. — Int/Div

Automatic Data Processing — Int/Div

DuPont — Int/Div — Buy — add'l sharees on NYSE

National Fuel Gas — Int/Div

iShares Barclays Age. Bond Fund — Int/Div

Kraft Foods — Int/Div

Emerson Elec. Co. — Int/Div — Buy — add'l shares on NYSE

Caterpillar Financial Notes — Interest

DuPont — Int/Div — Buy — add'l shares on NYSE

Chesapeake Energy — Int/Div

Simon Properties Group — Int/Div

Vanguard Short-Term Corp. Bond Fund — Interest

Secretary of the Vestry, Samt Mark's Church, Philadelphia, PA

Spouse's income — 2011 — « Teaching Fees