Joan Glazer Margolis

J.P. Morgan Chase Bank, New Haven, CT Bank Accts. & IRA Ban — Interest

First Niagara Bank (New Alliance), New Haven, Bank Accounts — Interest

State of Israel, Bonds — Interest — Sold (part)

State of Israel. Bond — Interest — Sold (part)

Connecticut Light & Power Co., Preferred Stock — Int/Div

United lHluminating Co., Common Stock — Int/Div

International Business Machines, Stock — Int/Div

Puerto Rico Zero Coupon Bonds — Interest

132 Temple Street Assoc, Inc., Mortgage — Interest

Western Asset High Inc. Opp. Fund (fka High Inc. Opp. Fund) — Interest — Sold

LP. Morgan Fund (formerly Chase Vista Trust) — Interest

Columbia Seligman Henderson Glob. Tech Fund (fka Seligman) — Int/Div

Microsoft Comp., Stock — Int/Div

Fundamental Investors, Inc — Int/Div — Sold (part)

Growth Fund of America, Inc — Int/Div

Capital World Growth & Income Fund — Int/Div

Small Cap World Fund, Inc — Int/Div — Sold (part)

New World Fund — Int/Div

Euro Pacific Growth Fund — Int/Div

New Economy Fund SBI — Int/Div — Buy

Amencan Mutual Funds, Inc — Int/Div — Buy

Columbia Seligman Comm. & Info. (fka Seligman Comm), Stock — Int/Div — Sold (part)

Kellogg Co., Stock — Int/Div

Xcel Energy, Stock — Int/Div

J.P. Morgan Chase Corp... Stock — Int/Div

Cisco Systems Inc. Stock — Int/Div — Buy (add'l)

Phizer. Inc. Stock — Int/Div

Nippon Telegraph & Telephone Co., Stock — Int/Div

Amgen, Inc., Stock — Int/Div

Qualcomm, Inc.. Stock — Int/Div

Proctor & Gamble Co.. Stock — Int/Div

Ford Motor Co... Stock — Int/Div — Redeemed

Home Depot, Stock — Int/Div

Dell Computer Corp... Stock — Int/Div

Wells Fargo Bank, NA (fka Centennial Money Market Fund) — Interest — Buy (add'l)

General Electric. Stock — Int/Div

AXA Equitable Fund — Interest

Pub. Sve. Enter. Gr. Inc. (fka PSEG). Stock — Int/Div — Buy

Coon. State Higher Ed. Supp. LN Authority — Interest — Sold (part)

Johnson & Johnson. Inc. Stock — Int/Div

First Niagara Financial Group, LLC (fka New Alliance), Stock — Int/Div — Sold (part)

First Niagara Financial Group, LLC (fka New Alliance), Stock — Int/Div — Buy (add'l)

State Bancorp Inc. New York, Stock — Int/Div — Sold

Venzon Commumcations, Stock — Int/Div

Connecticut Housing Finance Authority, Bonds — Interest — Redeemed

Dow Chemical Co., Stock — Int/Div

Prime Money Market Fund (fka Tamarack Investment FDS Prime) — Interest

Bristol Myer Squibb Co., Stock — Int/Div

Intel Corp, Stock — Int/Div

Coun, St. GO CAB's Colleges SWD Plan, Bonds — Interest — Sold (part)

Archer Daniels Midland Co... Stock — Int/Div

Milestone Scientific. Inc. Stock — Int/Div

Hamden, CT, Property (p'ship now LLC) — Rent

Merck & Co. Inc... Stock — Int/Div

Conn ST SPL Tax Obligation R Spl, Bond — Interest — Buy (add'l)

McDonald's, Stock — Int/Div

Shanghai OLED New Haven, LLC, Stock — Int/Div

JM. Smucker & Co. Stock — Int/Div

Bright Directions College Savings Program — Interest

Roval Dutch Shell, PLC — Int/Div — Buy

Statoil ASA — Int/Div — Buy

Thompson Reuter Corp — Int/Div — Buy

Vodafone Group PLC — Int/Div — Buy

NMinots Tool Works Inc — Int/Div — Buy

Petroleo Brasiliero Spon ADR Petrobras — Int/Div — Buy

East Hartford CT RFDG — Int/Div — Buy

East Hartford CT RFDG — Int/Div — Sold

New Bruin CT GO B\E — Int/Div — Buy

New Britain CT C/O B\E — Int/Div — Sold

Connecticut St. Sev C G/O — Int/Div — Buy

Enduro Rovalty Trust — Int/Div — Buy

Enterprise Prodcuts Partners, LP — Int/Div — Buy

Manning & Napier FDNCW Pro Blend Extended Term Serv, Class A — Int/Div — Buy

Promissory Note — Distribution — Open — LLC

Connecticut General Obligation Capital Appreciation Bond — Int/Div — Buy

Connecticut General Obligation Capital Appreciation Bond — Int/Div — Sold

Trustee, Family Philanthropic Funds

Member, Board of Directors, Local Synagogue

Spouse's income — 2011 — Husband, Self-Emploved Attorney, New Haven, Connecticut

Upon the death of several elderly relatives, | became the Trustee of philanthropic funds established by my relatives with a local charity. My role with respect

to these philanthropic funds is quite limited. As Trustee, my sole responsibility is to make recommendations for distributions to other charities, which

recommendations can be followed or ignored by the charitable foundation which administers the funds, This charitable foundation manages millions of dollars

of charitable funds (akin to a little version of the United Way), of which my relatives” philathropic funds are just a small part. 1 have no knowledge of, or

responsibility for, any assets held by this fund; all these decisions ure vested solely in the discretion of the charitable foundation. | explained this in a letter to

CFD, dated July 30, 2004,

In line 2, New Alliance Bank was acquired by First Niagara Bank in mid-April 2011.

In lines 3-4, State of Isrucl Bonds eppears twice, because there were two partial redemptions this year, on 4/1/11 and again on 4/15/11.

Inn lines 41-42, in mid-April 2011, our stock in New Alliance Bank was replaced by stock in First Niagara Financial Group, LLC; two transactions are reflected, a

partial sale on 7/27/11 and an additional purchase on 12/7/11.

In line 53, the small promissory note with respect to the Hamden, CT Property was paid during 2011, so that the asset is now only the property owned throug an

LLC membership mterest.

Lines 66-69 reflect two purchases on 7/5/11 of municipal bonds issued by the Cities of East Hartford, CT and New Britain, CT, made by our stock broker without

my permission. As soon as 1 leamed of these purchases, we instructed the stock broker to sell the bonds, at a small loss, eight days later, on 7/13/11,

During the spring of 2011, we discovered a tux exempt bond in one of our drawers, which had been purchased on 5/6/1996 and which hud matured on 6/3/08; this

bond was sold on 4/28/11, These transactions are reflected in lines 75-76.

Thank you.