Michael M. Baylson

Nokia Corp — None

Alcatel Lucent Sponsored ADR — None

Broadwind Energy — None

Citigroup, Inc — None

Columbia Labs Inc — None

Entech Solar Inc — None

Entercom Communications Corp — None

First Niagara Financial Group — None

Intel Corp — None

iShares MSCI Brazil Ind — Int/Div

B LSI Corp — None

MF Global Holdings Ltd — None — Sold

Nortel Network Corporation — None

Oncologix Tech Inc — None

Opko Health Inc — None

Pennsylvania RL Estate Tnvt. Sh Ben — Int/Div

Pep Boys — None

Progenics Pharmaceuticals 21. Prologis — None

B Qualcomm Inc — Int/Div

Qwest Communications, Inc — None — with line 3)

RAIT Financial Trust — None

Rentech Inc — None

Resource Capital Corp — None

Safeguard Scientifics Inc — None

Solar Enertech Corp. — None

Taro Pharmaceutical Inds Ltd — None — Sold

Teva Pharmaceutical Inds Ltd — Int/Div

Unisys Corp — None

Washington Mutual — None — Sold

Frontier Communications Corp — Int/Div

IBM — Int/Div

Verizon Communications — None

Wal-Mart de Mexico ADR — None

Bank Deposit Sweep (Y) — None

Prologis Inc — Int/Div

Cash (Y) — None

AT&T Inc — Int/Div

Bank of America — Int/Div

BP Plc (ADR) — Int/Div

ConocoPhillips — Int/Div

Equifax — Int/Div

Exelon Corporation — Int/Div

49. Fairpoint Communications Inc (X) — None — Sold

Fidelity National Informational Services — Int/Div

General Electric Company — Int/Div

JPMorgan Chase Co. — Int/Div

Lender Processing Services Inc — Int/Div

NCR Corp — None

PNC Financial Services Group — Int/Div

Teradata Corp — None

Wells Fargo Company — Int/Div

Western Digital Corp — None

Franklin Mutal Service Fund — Int/Div

Henderson International Opportunities Fund — None — Sold

Munder Growth Opportunities — Int/Div

Wells Fargo Advantage Emerging Markets Equity — Int/Div — Buy

Bank Deposit Sweep — None

Alcatel - Lucent ADR — None

MHM Svs Inc — None

Contax Participacoes SA (X) — None — Sold

Baron Growth Fund — Int/Div — Sold (part)

BlackRock Low Duration Bond Fund — Int/Div — Buy (add'l)

BlackRock Low Duration Bond Fund — Sold (part)

DFA Emerging Markets Core Equity — Int/Div — Sold (part)

DFA Int'l Value — Int/Div — Sold (part)

DFA One Year Fixed Income — Int/Div — Buy (add'l)

DFA One Year Fixed Income — Sold (part)

DFA One Year Fixed Income — Sold (part)

DFA US Micro Cap — Int/Div — Sold (part)

DFA US Small Cap Value — Int/Div — Sold (part)

First Eagle Overseas — Int/Div — Sold (part)

First Eagle Overseas — Sold (part)

Hotchkis and Wiley Large Cap Value — Int/Div — Sold (part)

Hotchkis and Wiley Mid Cap Value — Int/Div — Buy (add'l)

Hotchkis and Wiley Mid Cap Value — Sold (part)

Janus Fund — Int/Div — Sold (part)

Janus Overseas Fund — Int/Div — Sold (part)

Metropolitan West Total Return Bond — Int/Div — Buy (add'l)

Metropolitan West Total Return Bond — Sold (part)

Morgan Stanley Inst Emerging Markets — Int/Div — Sold (part)

Morgan Stanley Inst International Equity — Int/Div — Sold (part)

Morgan Stanley Inst International Equity — Sold (part)

Morgan Stanley Inst International Equity — Sold (part)

Sound Shore — Int/Div — Sold (part)

Third Avenue Int'l Value Fund — Int/Div — Sold (part)

Thomburg International Value — Int/Div

Turner Large Growth Fund — None — Sold (part)

Turner Large Growth Fund — Sold (part)

Turner Large Growth Fund — Sold (part)

Turner Large Growth Fund — Sold (part)

Westcore Mid-Cap Value — Int/Div — Sold (part)

Westcore Mid-Cap Value — Sold (part)

Westcore Mid-Cap Value — Sold (part)

William Blair International Growth — Int/Div

William Blair Large Cap Growth Fund — Int/Div

Schwab Advisor Cash Reserves — Int/Div

Perkins Mid Cap Value Fund — None — Sold

William Blair International Small Cap Growth — Int/Div — Sold (part)

Royce Value Plus — Int/Div — Sold (part)

DFA Short-Term Gov't Port — Int/Div — Buy (add'l)

DFA Short-Term Gov't Port — Sold (part)

DFA Int'l Small Cap Value — Int/Div — Sold (part)

1m. Brandywine — None — Sold

12. Royce Opportunity Invt — Int/Div — Sold (part)

Adams Harkness Small Cap Growth — None — Sold (part)

Adams Harkness Small Cap Growth — Sold (part)

Adams Harkness Small Cap Growth — Sold (part)

Westcore Midco Growth — Int/Div — Sold (part)

Westcore Midco Growth — Sold (part)

Westcore Midco Growth — Sold (part)

Westcore Int'l Small Cap Fund — Int/Div — Sold (part)

Westcore Int'l Small Cap Fund — Sold (part)

William Blair Mid Cap Growth Fund — Int/Div — Buy (add'l)

William Blair Mid Cap Growth Fund — Sold (part)

William Blair Mid Cap Growth Fund — Sold (part)

DFA US Large Cap Value — Int/Div — Sold (part)

DFA US Large Cap Value — Sold (part)

DFA Global Real Estate Securities — Int/Div — Buy

Ivy Mid Cap Growth — Int/Div — Buy (add'l)

Ivy Mid Cap Growth — Sold (part)

Ivy Mid Cap Growth — Sold (part)

Baron Growth — Int/Div — Sold (part)

BlackRock Low Duration Bond — Int/Div — Buy (add'l)

BlackRock Low Duration Bond — Sold (part)

BlackRock Low Duration Bond — Sold (part)

DFA Emerging Markets Core Equity — Int/Div — Sold (part)

DFA Intl Value — Int/Div — Sold (part)

DFA Intl Value — Sold (part)

DFA One Year Fixed Income — Int/Div — Buy (add'l)

DFA One Year Fixed Income — pact)

DFA One Year Fixed Income — Sold (part)

DFA U.S. Micro Cap — Int/Div — Sold (part)

DFA U.S. Micro Cap — Sold (part)

DFA U.S. Small Cap Value — Int/Div — Sold (part)

Dodge & Cox Stock — Int/Div — Sold (part)

First Eagle Overseas — Int/Div — Sold (part)

Hotchkis and Wiley Large Cap Value — Int/Div — Sold (part)

Hotchkis and Wiley Mid Cap Value — Int/Div — Buy (add'l)

Janus Fund — Int/Div — Sold (part)

Janus Fund — Sold (part)

Janus ( Overseas — Int/Div

Metropolitan ‘West Total Return Bond — Int/Div — Sold (part)

Metropolitan ‘West Total Return Bond — Sold (part)

Morgan Stanley Inst Emerging Mkts — Int/Div

Morgan Stanley Inst International Equity — Int/Div — Sold (part)

Morgan Stanley Inst International Equity — Sold (part)

Third Avenue Intl Value Fund — Int/Div — Sold (part)

Thornburg International Value — Int/Div

Turner Large Growth Fund — None — Sold (part)

Westcore Mid Cap Value — Int/Div — Sold (part)

Westcore Mid Cap Value — Sold (part)

William Blair International Growth — Int/Div — Sold (part)

William Blair International Growth — Sold (part)

William Blair Large Cap Growth Fund — Int/Div — Sold (part)

Schwab Advisor Cash Reserves — Int/Div

Perkins Mid Cap Value Fund — None — Sold

William Blair International Small Cap — Int/Div — Sold (part)

Royce Value Plus — Int/Div — Sold (part)

DFA Short-Term Gov Portfolio — Int/Div — Buy (add'l)

DFA Short-Term Gov Portfolio — Sold (part)

DFA Short-Term Gov Portfolio — Sold (part)

DFA Int'l Small Cap Value — Int/Div — Sold (part)

Brandywine — None — Sold

Royce Opportunity Invt — Int/Div — Sold (part)

Adams Harkness Small Cap Growth — None — Sold (part)

Adams Harkness Small Cap Growth — Sold (part)

Westcore Midco Growth — Int/Div — Sold (part)

Westcore Midco Growth — Sold (part)

Westcore Midco Growth — Sold (part)

Westcore Int'l Small Cap Fund — Int/Div — Sold (part)

Westcore Int'l Small Cap Fund — Sold (part)

William Blair Mid Cap Growth Fund — Int/Div

DFA U.S. Large Cap Value — Int/Div — Sold (part)

DFA U.S. Large Cap Value — Sold (part)

DFA Global Real Estate Securities — Int/Div — Buy

Ivy Mid Cap Growth — Int/Div — Buy

Schwab Advisor Premium Cash Reserve — None

DFA Global Allocation 60/40 — Int/Div — Buy (add'l)

Melior Pharmaceuticals — None — Buy

Government of Israel — Int/Div — Sold

Rental Property - Philadelphia PA — Rent

Greenspan - Baylson Partnership — Interest

BB Partnership — None

Zabecor — None

LLR Equity Partners Parallel III — Interest

Planet Data Acq. — None

Advanced Reproductive Care — None

Baumrin et al Partnership — None

Keystone Property — None

Versa Capital — Interest

Allied Biosciences Services — None — Buy

CMF Money Market Portfolio (Y) — None

Liability — Ameritrade — Margin Loan

2011 Part VII, Line 18 - "Pennsylvania RL Real Estate Invt. Sh Ben" was reported as "Pennsylvania Real Estate Invst" on the 2010 Financial Disclosure Report,

Section VII, Line 17

2011 Part VII, Line 38 - "Bank Deposit Sweep" was a position that was not reported in the 2010 Financial Disclosure Report due to its small position size. It has

been amended in this report with a (Y)

2011 Part VII, Line 41 - "Cash" was a position that was not reported in the 2010 Financial Disclosure Report due to its small position size. It has been amended in

this report with a (Y)

2011 Part VII, Line 49 - "Fairpoint Communications Inc" has been held since 1994, but has not been reported since it is a very small position. It has been amended

with an (X) in column A

2011 Part VII, Line 61 - "Munder Growth Opportunities" changed names from "Munder Funds Inc. Netnet Fund Class C", as reported in 2010 Financial Disclosure

Report, Section VII, Line 64

2011 Part VII, Line 62 - " Wells Fargo Advantage Emerging Markets Equity" was a new purchase in 2011. It has been amended to reflect correctly on the report

2011 Part VII, Line 64 - "Bank Deposit Sweep” was reported as "Command Money Fund" on the 2010 Financial Disclosure Report, Section VII, Line 67

2011 Part VII, Lines 95 & 158 - "Turner Large Growth Fund” changed names from "Turner Core Growth" as reported in 2010 Financial Disclosure Report,

Section VII, Lines 152 & 201

2011 Part VII, Lines 105 & 165 - "Perkins Mid Cap Value Fund" changed names from "Janus Mid Cap Value", as reported in 2010 Financial Disclosure Report,

Section VII, Lines 131 & 190

2011 Part VII, Lines 119 & 179 - "Westcore Int'l Small Cap Fund" changed names from "Wesctcore Int'l Frontier”, as reported in 2010 Financial Disclosure

Report, Section VII, Lines 156 & 203

2010 Part VII, Line 46 - "CMF Money Market Porfolio" was initially not included in the 2011 Financial Dislclosure Report due to its small position size. It has

been added to thhe amended report and indicated with a (Y) in Section VII, Line 206

2010 Part VII, Line 71 - "Keycorp, New" is a position that was sold entirely on 8/23/2006 and has been included in error on the reports since. It will be left off of

the amended 2011 report.

2010 Part VII, Line 174 - "Schwab Value Advantage - IRA #2" was an account heading, and not a reportable asset.