Lawrence L. Piersol

National Housing Partnership — Int/Div

Farm #1 — Rent

The Equitable - (IRA) — Int/Div

Merrill Lynch Latin America Fund (IRA) — Int/Div

The Equitable, IRA — None

Merrill Lynch Latin America Fund IRA — None

IBM — Int/Div

Verizon Communications — Int/Div

Viacom Inc — Int/Div

American Express Co. — Int/Div

Bristol-Myers Squibb — Int/Div

Ford Mtr. Co. Del — Int/Div

General Electric Corp — Int/Div

RJR Nabisco Group — Int/Div

Safeway — Int/Div

Associates First Cap — Int/Div

Charles Schwab Co. Money Market — Interest

Checking Account, First Bank — Interest

Checking Account, (2) Sioux Falls — Interest

Mutual Beacon Fund — Int/Div

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

Schwab Money Market — Interest

Money Market Acct — Interest

Chile Fund — Int/Div — Sell

Capital Guardian Trust (Closed End Mutual Fund) — Int/Div

Merrill Lynch Money Market — Interest

Templeton Dragon Fund — Int/Div

Apartment Interest — Rent

Midas Fund — Int/Div — Sell

Mutual Discovery Fund — Int/Div

Exxon Stock — Int/Div

Vanguard Total Stock Mkt Idx Adm — Int/Div

Vanguard High-Yield Corp Fund Inv — Interest

Mondavi Stock — None — Sell

Farm #2 — Rent

Commercial Property #3 — None

Proctor & Gamble Co. — Int/Div

Proctor & Gamble Co. — Int/Div

SBC Communications, Inc. (X) — Int/Div

Bell South Corp. (X) — Int/Div

Dominion Resources (X) — Int/Div

Excelsior Income Shares (X) — Int/Div

Johnson & Johnson — Int/Div

LG&E Energy Corp. (X) — Int/Div

Merck & Co., Inc. (X) — Int/Div

Excel (Northern States Power) (X) — Int/Div

PG&E Corp. (X) — Int/Div

Public Service Ent.Gp. (X) — Int/Div

Reliant Energy (X) — Int/Div

Lucent Technologies — Int/Div — Sell

Microsoft — Int/Div

Cisco System, Inc. Co. — Int/Div

Berkshire Hathaway B — Int/Div

Visteon Corp. (X) — Int/Div

Intel Corp — Int/Div — Sell

Ameriprise Finl Inc. (X) — Int/Div

Zimmer Hlds Inc. (X) — Int/Div

Director and President, Federal Judges Association

Liability — First Bank And Trust — Note&Mortgage Farm, Commercial Properties

Reimbursement — Arizona State University — Travel expense from Arizona State University to serve as instructor at Tribal Court Skills College, February 24-26, 2005

Reimbursement — Federal Judges Association — Travel expenses reimbursed by the Federal Judges Association for travel as President of the Federal Judges Association. (see VIII)

IV. REIMBURSEMENTS:

Travel expenses as President of Federal Judges Association and reimbursed by that Association:

February 9-10, 2005, March 4-5, 2005, May 14-16, 2005

Travel expense for President of Federal Judges Association and reimbursed by that Association:

July 6-8, 2005