A. Benjamin Goldgar

Janus Fund — Int/Div

Fidelity Cash Reserves Money Market Fund — Int/Div

Traditional IRA-Fidelity (4) — Int/Div

Strategic Advisors Small-Mid Cap Fund — Sold (part)

Fidelity Capital and Income

Fidelity Short-Term Bond — Sold (part)

Fidelity Total Bond — Sold (part)

Pimeo High Yield Administrative Shares — Sold

Pimco Total Return Admunstrative Shares — Sold (part)

Pimco Short Term Administrative Shares

Pimeco Commodity Real Return Strat Admin CL

T Rowe Price High Yield Advisor CL

Fidelity Strategic Advisors Value Fund — Sold (part)

Fidelity Strategic Advisors Value Fund — Sold (part)

Fidelity Strategic Advisors Value Fund — Sold (part)

Strategic Advisors International Fund — Buy (add'l)

Strategic Advisors International Fund — Sold (part)

Strategic Advisors International Fund — Buy (add'l)

Strategic Advisors Core Income Fund — Buy (add'l)

Strategic Advisors Core Income Fund — Buy (add'l)

Franklin Gold and Precious Metals CL A

Templeton Global Bond CL A

Strategic Advisors U.S. Opportunity Fund

Strategic Advisors Core Fund — Buy (add'l)

Strategic Advisors Core Fund — Buy (add'l)

Strategic Advisors Core Fund — Sold (part)

Strategic Advisors Core Fund — Sold (part)

Strategic Advisors Growth Fund — Buy (add'l)

Strategic Advisors Growth Fund — Buy (add'l)

Strategic Advisors Growth Fund — Buy (add'l)

Strategic Advisors Emerging Markets

Strategic Advisors Income Opportunity Fund — Buy (add'l)

FIMM Money Market Port Inst CL

Traditional IRA-Fidelity (3) — Int/Div

Strategic Advisors Small-Mid Cap Fund

Fidelity Capital and Income (Y)

Fidelity Total Bond — Sold (part)

Pimco Total Return Administrative Shares — Sold (part)

Pimco Short Term Administrative Shares

T Rowe Price High Yield Advisor CL

Strategic Advisors International Fund — Buy (add'l)

Strategic Advisors US. US Opp Fund

Fidelity Select Gold

Credit Suisse Commd Return Strategy Com Shr

Fidelity High Income

Metropolitan West Low Duration M

Templeton Global Bond CL A

Strategic Advisors Value Fund

Strategic Advisors Core Fund

Strategic Advisors Growth Fund

Strategic Advisors Emergmg Markets

Strategic Advisors Core Income Fund — Buy (add'l)

Strategic Advisors Core Income Fund — Buy (add'l)

Strategic Advisors Income Opportunity Fund

FIMM Money Market Port Inst CL

Merger Fund

Rollover IRA-Fidelity (3) — Int/Div

Strategic Advisors Small-Mid Cap Fund — Buy (add'l)

Strategic Advisors Small-Mid Cap Fund — Sold (part)

Fidelity Capital and Income — Sold (part)

Fidelity Total Bond — Sold (part)

Pimeo Total Return Admmnstrative Shares — Sold (part)

Pimeco Short Term Administrative Shares — Buy (add'l)

Pimeco Short Term Administrative Shares — Sold (part)

Pimeco Short Term Administrative Shares — Buy (add'l)

TT Rowe Price High Yield Advisor CL — Sold (part)

Strategic Advisors International Fund — Buy (add'l)

Strategic Advisors International Fund — Buy (add'l)

Strategic Advisors US Opportunity Fund — Sold (part)

Strategic Advisors US Opportunity Fund — Buy (add'l)

Strategic Advisors US Opportunity Fund — Sold (part)

Fidelity Select Gold

Credit Suisse Commd Return Strategy Com Shr — Sold (part)

Fidelity High Income — Sold (part)

Metropolitan West Low Duration M — Sold (part)

Templeton Global Bond Class A

Fidelity Money Market

Strategic Advisors Value Fund — Sold (part)

Strategic Advisors Value Fund — Sold (part)

Strategic Advisors Core Fund — Buy (add'l)

Strategic Advisors Core Fund — Sold (part)

Strategic Advisors Growth Fund — Buy (add'l)

Strategic Advisors Growth Fund — Buy (add'l)

Strategic Advisors Emerging Markets — Buy (add'l)

Strategic Advisors Income Opportunity Fund — Buy (add'l)

Strategic Advisors Core Income Fund — Buy (add'l)

Strategic Advisors Core Income Fund — Buy (add'l)

Strategic Advisors Core Income Fund — Buy (add'l)

FIMM Money Market Port Inst CL

Merger Fund

State of Illinois Deferred Compensation Plan - UK) — Int/Div

Vanguard Institutional Index Fund

Fidelity Investment Grade Bond Fund (1) — Int/Div

Fidelity Short Term Bond (1) — Int/Div

Fidelity 529 College Investment Plan (1) — Int/Div

NH Cash Reserves — Buy (add'l)

Fidelity Investment Grade Bond Fund (2) — Int/Div

Fidelity 529 College Investment Plan (2) — Int/Div

NH Cash Reserves — Sold (part)

NH Cash Reserves — Buy (add'l)

Fidelity Short Term Bond (2) — Int/Div

Adirondack Trust Co. stock — Int/Div

Bank of America Growth Money Market Savings — Interest

Fidelity Deferred Annuity

Fidelity VIP Investment Grade Bond Fund — None

Fidelity VIP Strategic Income Fund — None

Vanguard IRA (4) — Int/Div

Vanguard International Value Fund — Sold

Vanguard Total Bond Market Index Fund

Vanguard Diversified Equity Fund — Sold

Vanguard Total International Stock Index Fund — Buy (add'l)

Vanguard Stock Market Index Fund — Buy (add'l)

Fidelity Cash Reserves (1) — Int/Div

Fidelity Cash Reserves (2) — Int/Div

DWS Strategic High Yield Tax Free Fund on — Int/Div — Sold

Fidelity Municipal Income Fund (1) — Int/Div — Buy (add'l)

Fidelity Municipal Income Fund (1) — Sold

Fidelity Short-Intermed. Municipal Income Fund (1) — Int/Div — Sold

T Rowe Tax Free Inc, Fund Ady. Class (1) — Int/Div — Sold

Strategic Advisors International Fund (1) — Int/Div — Sold (part)

Strategic Advisors Value Fund (1) — Int/Div — Sold (part)

Strategic Advisors Small-Mid Cap Fund (1) na

Strategic Advisors LS. Opportunity Fund (ty)

Strategic Advisors Core Fund (1) — Int/Div — Sold (part)

Strategic Advisors Growth Fund (1) — Int/Div — Sold (part)

Strategic Advisors Emerging Markets (1) Yr

FIMM Money Market Port Inst CL (1) — Int/Div — Buy (add'l)

Merger Fund (1)(Y) — Sold

Fidelity Real Estate Income (1) (Y) — Int/Div — Buy

AQR Diversified Arbitrage Class 1 (1) — Int/Div — Buy

Fidelity GNMA Fund (1) — Int/Div — Buy

Fidelity Total Bond Fund (1) — Int/Div — Buy

Strategic Advisors Income Opportunities (1) — Int/Div — Buy

Strategic Advisors Core Income Fund (1) — Int/Div — Buy

Strategic Advisors Core Income Fund (1) — Buy (add'l)

Metropolitan West Low Duration (1) — Int/Div — Buy

Pimco Total Return Administrative Shares on — Int/Div — Buy

Pimco Short Term Administrative Shares (1) — Int/Div — Buy

T. Rowe Price Short Term BD FD ADV (1) — Int/Div — Buy

Templeton Global Bond Class A (1) — Int/Div — Buy

Fidelity Municipal Income (2) — Int/Div — Buy (add'l)

Fidelity Municipal Income (2) — Sold

Fidelity Short-Intermediate Muni Income (2) — Int/Div — Sold

DWS Strategic High Yield Tax Free (2) — Int/Div — Sold

T Rowe Tax Free Inc. Fund Adv. Class (2) — Int/Div — Sold

Strategic Advisors International Fund (2) — Int/Div

Strategic Advisors Value Fund (2) — Int/Div

Strategic Advisors Small-Mid Cap Fund (2) — Int/Div

Strategic Advisors U.S. Opportunity Fund 2 — Int/Div

Strategic Advisors Core Fund (2) — Int/Div

Strategic Advisors Growth Fund (2) — Int/Div

Strategic Advisors Emerging Markets (2) — Int/Div

Fidelity Capital & Income (2)(Y) — Int/Div — Buy

Fidelity High Income (2) (Y) — Int/Div — Buy

Fidelity Total Bond (2) — Int/Div — Buy

Fidelity Total Bond (2) — Buy (add'l)

Strategic Advisors Income Opportunities (2) — Int/Div — Buy

Strategic Advisors Core Income Fund (2) — Int/Div — Buy

Metropolitan West Low Duration (2) — Int/Div — Buy

Pimco Total Return Administrative Shares pd) — Int/Div — Buy

Pimco Short Term Administrative Shares (2) — Int/Div — Buy

T. Rowe Price High Yield Advisor CL (2) iY) — Int/Div — Buy

Templeton Global Bond Class A (2) — Int/Div — Buy

Fidelity Diversified International — Int/Div

Fidelity Short-Intermediate Muni Income — Int/Div — Sold (part)

Fidelity Short-Intermediate Muni Income — Buy (add'l)

Fidelity Short-Intermediate Muni Income — Sold (part)

Fidelity Short-Intermediate Muni Income — Buy (add'l)

Fidelity Municipal Money Market — Int/Div

Cambiar Opportunity Investor CL — Int/Div

Columbia Marsico Focused Eq. CL A — Int/Div — Sold (part)

DWS Managed Municipal Bond CL S — Int/Div — Sold (part)

DWS Managed Municipal Bond CL S — Buy (add'l)

DWS Managed Municipal Bond CL S — Buy (add'l)

DWS Managed Municipal Bond CL S — Sold (part)

Diamond Hill Small Cap Class A — Int/Div

Goldman Sachs Midcap Value Class A — Int/Div

Harbor Capital Appreciation Adm CL — None

Hartford Growth Opportunity Class A — None

Hotchkis & Wiley Mid Cap Value CL A — None

Artio International Equity Fund 11 CL A — Int/Div

RS Value Fund CL A — None

T Rowe Tax Free Inc. Fund Adv. Class — Int/Div — Buy (add'l)

Royce Value Plus Service Class — Int/Div

SSGA Emergmg Markets — Int/Div

Thomburg Value Class A — None — Sold (part)

Spartan Total Market Index FID Advantage CL — Int/Div

GE International Equity Service CL — Int/Div

Oakmark Fund — Int/Div

Manning & Napier World Opp Ser CL A — Int/Div — Sold (part)

Manning & Napier World Opp Ser CL A — Buy (add'l)

T Rowe Price Equity Income Advisor CL — Int/Div — Buy (add'l)

T Rowe Price Equity Income Advisor CL — Sold (part)

T Rowe Price Real Estate Fund Ady CL — Int/Div

Thomburg International Value CL A — Int/Div

Fidelity Municipal Income — Int/Div — Sold (part)

Fidelity Municipal Income — Sold (part)

Fidelity Municipal Income — Buy (add'l)

Black Rock High Yield Bond CL A — Int/Div

Franklin Federal Tax-free CL A — Int/Div — Sold (part)

Pimco Real Retum Adm CL — Int/Div — Sold

Pimco Commodity Real Return Strat Adm CL — Int/Div — Buy (add'l)

Pimco Commodity Real Return Strat Adm CL — Sold (part)

Pimco Commodity Real Return Strat Adm CL — Sold (part)

T Rowe Price High Yield Advisor CL — Int/Div — Sold (part)

T Rowe Price High Yield Advisor CL — Sold (part)

Templeton Global Bond CL A — Int/Div — Buy (add'l)

Templeton Global Bond CL A — Sold (part)

IShares TR S&P 100 Index Fund — Int/Div — Sold (part)

American Europacific Growth Class Fl — Int/Div — Buy (add'l)

JP Morgan U.S. Equity Fund Select Class Conf — Int/Div

MFS International Diversification FD A Conf — Int/Div

Royce Pennsylvania Fund Service Class — Int/Div — Buy (add'l)

Fidelity Dividend Growth — Int/Div — Buy

Fidelity Tax-free Bond — Int/Div — Buy

Allianz NFJ Dividend Value FD CL D — Int/Div — Buy

Causeway International Value Investor — Int/Div — Buy

Credit Suisse Command Return Strategy Com Shr — None — Buy

Credit Suisse Command Return Strategy Com Shr — Sold

Janus Enterprise Fund Class T Shares — None — Buy

Prudential Jennison Midcap Growth CL A — None — Buy

Prudential Jennison Midcap Growth CL A — Sold

Reimbursement — American Bankruptcy Institute — 69/12-6/12/12 — Traverse City, M1 — Central States Bankruptcy Workshop — Transportation (mileage), food, lodging

Notes to Part VII:

Lines 35, 121, 122, 125 -- Each of the invewstments on these lines has a "

" added in parentheses after the name to indicate that the investment declined in value

below $1,000,

Lines 107, 109 -- Unknown whether a gain or a loss. Vanguard tells us that it does not report this information for this IRA account because of when the

investment was purchased.