Charles B. Kornmann

Common stock. Red Ribbon, Inc — None

Common stock. Aberdeen Tennis. Inc — None

farm land, Hamlin County, SD — Rent

43.84% interest, partner, Ivey & Kommann — Distribution

43.84% interest, 1 partner, [vey & Kornmann — Distribution

SD Retirement System, monthly benefits — Distribution

Interest in Black Hills Eagle I partnership — Interest

Brandywine Fund shares — None

Oakmark Select Shares — Int/Div

Masters Select Equity Fund Shares — None

Vanguard 500 Index Fund (Ivey & Kornman n) — Int/Div

Vanguard GNMA Fund (Ivey & Kornmann) — Int/Div

Vanguard REIT Fund (Ivey & Kornmann) — Int/Div

Russell Invt. Co. Global Infrastructure FD Funds (fam. trust) — Int/Div

Mexican condo (Ivey & Kornmann) — None

Eaton Vance Tax Global Buy Write Fund ( lvey & Kommann) — Int/Div

Cohen & Steers Div. Majors Fund, Inc. (Ive vy and Kornmann) — Int/Div

Ft. Spec Fin & Finl Oppty, Ivey & Komm ann — Int/Div

Anderson Retirement LLC (Ivey & Korn mann) — None

Healthcare Plus Federal Credit Union — Interest

Healthcare Plus Federal Credit Union, Ivey & Kommann — Interest

Twin Homes, Aberdeen, SD — Rent

Wells Fargo Advantage Global (Ivey & Ko mmann) — Int/Div

Wells Fargo Managed Account (IRA) — Distribution — Sold (part)

Wells Fargo Managed Account (IRA) S — Distribution — Sold (part)

AIM Sector FDS — Int/Div

AIM Scctor FDS (S) — Int/Div

Alliance Bernstein Intl — Int/Div

Alliance Bernstein Intl. (S) — Int/Div

Columbia FDS Ser. TR — None

Columbia FDS Ser. TR (S) — None

Europacific Growth FD — Int/Div

Europacific Growth FD (S) — Int/Div

RS Invt. TR — Int/Div

RS Invt Tr (8S) — Int/Div

Gabelli Equity Ser FD — None

Gabelli Equity Ser FD (S) — None

Goldman Sachs Tr. Finl — Int/Div

Goldman Sachs Tr. Finl (S) — None

Growth Fund Amer — Int/Div

Growth Fund Amer. (S) — Int/Div

Harbor Fund Cap — Int/Div

Harbor Fund Cap (S) — Int/Div

Hartford Mut FDS Inc — None

Hartford Mut. FDS Inc (S) — None

Investment Co. Amer — Int/Div

Investment Co. Amer (S) — Int/Div

American FDS Inc. New — Int/Div

American FDS Inc. New (S) — Int/Div

Advisors Innr. Cirl FD — None

Advisors Innr. Cirl FD (S) — None

Pimco FDS Pac Invt — Int/Div

Pimco FDS Pac Invt (S) — Int/Div

T Rowe Price Real Est. Fund Inc — Int/Div

T.Rowe Price Real Est. Fund Inc. (S) — Int/Div

T Rowe Price MD-CP Val. — Int/Div

T Rowe Price MD-CP Val. (S) — Int/Div

Small Cap World Fund Inc. Class F-1 — Int/Div

Small Cap World Fund Inc. Class F-1 (S) — Int/Div

Wash: Mut. Investors Fund Class F-1 — Int/Div

Russell Invt Co. Commodity Strategies — Int/Div

Russell Invt.Co. Global CR Strategies FD — Int/Div

Russell Emerging Mkts. C1 S — Int/Div

Russell Invt.Co. Global Real Est. Secs — Int/Div

Russell GIbl. Eqty — Int/Div

Russell US Core Equity — Int/Div

Russell US Smi Mid Cap Fund — Int/Div

Russell Intl. Devel PD Mkts FD Class S — Int/Div

Russell US Quant Eqty Class S — Int/Div

General partner, Ivey and Kommann, a partnership

Gift — Michael and Barbara Evans — 5 day trip to vacatiion home of Evans in Scotsdale, AZ; lodging and tran sportation — $1,900.00

Agreement — 1197 — Articles of Partnership, Ivey & Kornmann

Liability — Healthcare Plus Federal Credit Union, Aberdeen. S.D. — loan

V. GIFTS

Line 1, Michael and Barbara Evans, long time friends from Aberdeen, SD, invited friends from Aberdeen, S.D. to stay with them for 5 days in a home they own in

Arizona. We flew in a private plane owned by the Evans with three other couples. The Evans supplied most of the meals and beverages.

VII. INVESTMENTS AND TRUSTS (Contd.)

Line 1, Red Ribbon, Inc. owns an unimproved parcel of land in Indiana. It is a Subchapter S corporation and the income and losses arc passed through to the

stockholders. There have been no distributions and the land continues to produce no income.

Line 3, this land is leased on a cash rent basis.

Lines 4 and 6, this partnership owns 2 apartment houses, one in Brown County, S.D., and one in Spink County, S.D.. Liquid investments of the partnership and

income therefrom are reported in Part VII. All interests in the partnership are owned by immediate family members.

Line 7, this partnership receives income (all distributed to partners) as a result of a tax incremental financing note from the City of Lead, South Dakota.

Line 14, these mutual funds are owned by a revocable trust, the trustees being the reporting party and spouse. This is true also of the assets reported on Lines 61

through 69, inclusive. 1 had previously reported (prior to filing an amended report for 2010) all of these mutual funds under the designation of Russell Funds

without listing the individual funds. The individual funds arc now listed.

Line 19, this is a limited partnership interest, a rather small interest as a limited partner; the partnership is operating an assisted care living facility in Anderson,

Indiana.

Line 20, this is money invested in Healthcare Plus Federal Credit Union of Aberdeen, S.D. by the reporting party.

Line 21, this is money invested in Healthcare Plus Federal Credit Union of Aberdeen, S.D. by Ivey and Kornmann.

Line 22, this asset was constructed from scratch by reporting party in 2009 and 2010 and is a real estate investment in Aberdeen, S.D.

Line 24, because of age of reporting party, a partial IRA withdrawal was required by federal law. The distribution came from First Clearing, LLC, acting on behalf

of Wells Fargo

Line 25, because of age of spouse, one partial IRA withdrawal was required by federal law. The distribution came from First Clearing, LLC., acting on behalf of

Wells Fargo.

Lines 26 through 60, inclusive are IRA investments of reporting party and spouse, all managed by Wells Fargo as listed in Line 37. Wells Fargo has been dirrected

to purchase nothing but mutual funds to avoid any possible conflicts of interest. They have at all times followed that directive. In previous reports (before an

amended report was filed for 2010) , I simply reported the managed account by Wells Fargo without listing the individual mutual funds, all of which are now

listed. Assets owned by the reporting party are shown without the "S", the "S" designations showing those assets owned by the spouse.