Lawrence L. Piersol

National Housing Partnership — Int/Div

Farm #1 (Moody Co., SD) — Rent

The Equitable, whole life insurance (Y)

The Equitable, whole life insurance (Y) — Int/Div — Sold

Verizon Communications — Int/Div

Viacom Inc — Int/Div — Sold

American Express Co — Int/Div

Bristol-Myers Squibb — Int/Div — Sold

Ford Mtr. Co. Del — Int/Div — Sold

General Electric Corp. — Int/Div

RJR Nabisco Group — Int/Div — Sold

Safeway — Int/Div — Sold

Associates First Cap — Int/Div — Sold

Charles Schwab Co. Money Market — Interest

Ckg Accts, (2) First Bank & Trust, SxFalls & Bkgs, SD — Interest

Ckg Accts, (2) First Natl Bank, SxFalls, SD — Interest

Mutual Beacon Fund — Int/Div — Sold

Sogen Overseas Fund (now called First Eagle Overseas Fund) — Int/Div — Sold

Commercial Property Parcel (Minnehaha Co. SD) — Reat

Commercial Property Parcel 2 {Minnehaha Co. SD) — Rent

Apartment Interests {Minnehaha Co., SD) — Rent

Franklin Mutual Global Discovery Fund — Int/Div — Sold

Exxon Stock — Int/Div

Vanguard Total Stock Mkt Idx Adm — Int/Div

Farm #2 (Moody Co., SD) — Rent

Proctor & Gamble Co — Int/Div

SBC Communications, Inc — Int/Div — Sold

Dommion Resources — Int/Div — Sold

Excelsior Income Shares — Int/Div — Sold

Johnson — Int/Div — Sold

LG&E Energy Corp — Int/Div — Sold

Merck & Co, Inc — Int/Div — Sold

Microsoft — Int/Div

Visteon Comp. — Int/Div — Sold

Ameriprise Fin. Inc — Int/Div

Zimmer Hids Inc — Int/Div — Sold

Real Property Bare Land #1 (Lake Co., SD) — None

AT&T. Inc — Int/Div

Adams Express Co. — Int/Div

Alliant Energy Corp. — Int/Div — Sold

Ameren Corporation — Int/Div — Sold

Black Hills Corp. — Int/Div — Sold

DNP Select Income Fund — Int/Div — Sold

Energen Corp — Int/Div — Sold

FT Dearborn Inc. Sec Inc — Int/Div — Sold

Fromtier Communications — Int/Div — Sold

The Southern Company — Int/Div — Sold

Xcel Energy Inc — Int/Div — Sold

CBS Corp — Int/Div — Sold

Deere & Co. Stock — Int/Div

BBCP Conductor Inc — None

General Motors — Int/Div — Sold

Coca Cola — Int/Div

AmenGas Partners — Int/Div — Sold

Berkshire Hathaway B (See VIII) — None

Blackstone Group LP — Int/Div

US Treasury 6 month — Interest — Buy

American FD Europacific — None — Buy

Vanguard International Growth — None — Buy

Liability — First Bank and Trust — Note: Line of credit and Cabin

VIL 56. Berkshire Hathaway B

The following are owned by Berkshire Hathaway where Berkshire Hathaway has $% or more ownership in that company:

= American Express Company

= The Coca-Cola Company

- Moody's Corporation

- U.S. Bancorp

= Wells Fargo & Company

= GEICO - wholly owned

- General Re - wholly owned

- Burlington Northern RR - wholly owned

- USG Corporation

« United Continental Holdings Inc.

= Southwest Airlines Co.

= Delta Airlines Inc.

- The Bunk of New York Mellon Corp.

- Bank of America Corp.

= Apple Inc.

- Kraft Heinz

VIL, Line 19, Schwab Money Market, was a duplicate and should not have been there. It was a msituke and has been deleted.