James Block Zagel

M.O.N.Y. Policy Value — Int/Div

Northern Trust Accts — Int/Div

Farm Land Washington/Clinton Counties 111. — Rent

Grant Thomton 401(k) — Int/Div

Northwestern Mut. Life Ins. Policy — Int/Div

New York Life Ins. Pol. — Int/Div

Country Cos. Life Pol. — Int/Div

Transamer. Life Pol. Val. — None

Transamer. Life Pol. Val. — None

Prudential Life Ins — Int/Div

Metropolitan Life Ins — Int/Div

Equitable Life (Now AXA Equitable) — Int/Div

Bear Steams & Co. Acct./Royal Bank of Canada (RBC) — Interest

ING Life Policy — Int/Div

Bear Stcams & Co. Acct./RBC — Interest

TEMFX — Distribution

TEMFX — Distribution

KO — Int/Div

KO — Int/Div

RegionsFin. =RF — Int/Div

SAG Pension Plan — Interest

CP — Int/Div

CP — Int/Div

Fording Inc. - FDG — Int/Div — Sold

Teck Cominco Ltd./TCK — Distribution — from line 24)

Teck Cominco Ltd./TCK — Distribution — from line 24)

Encana - ECA (formerly PCX) — Int/Div

Encana - ECA (formerly PCX) — Int/Div

Dell — None

MK Limited Partners — Distribution

My estimated share is 11%

Bank Accounts: Harris Trust Chk./Int — Interest

Maple Publishing Co — Interest

Bear Stearns SEP/IRA/RBC — Int/Div

Georgia Mun Elec Auth Rev Bond — Interest — Sold

CP — Int/Div

Fording Inc. - FDG — Int/Div — Sold

Teck Cominco Ltd./TCK — Distribution — from line 39)

Citizens PPTY Ins Corp Fla Bond — Interest — Redeemed

Encana- ECA (formerly PCX) — Int/Div

Oracle - ORCL — None

Nassau County NY Bond — Interest — Redeemed

San Diego, CA Pension Bond — Interest — Redeemed

Wisconsin Gen Fund Bond — Interest — Sold

Teck Cominco Ltd./TCK — Distribution — from line 24)

End of IRA

HD — Int/Div

HD — Int/Div

PG — Int/Div

Time Warner — Int/Div

Janus Contrarian Fund — Int/Div

Janus Contrarian Fund — Int/Div

Bear Steams Account — Interest

Pepco Holdings POM — Int/Div

First Energy - FE — Int/Div

Duff & Phelp Fund - DNP — Int/Div

Fund Managed High Income - MHY — Int/Div

Lease of excess Berrien Cty, M1 acreage to Leitz Corp — Rent

AT&T — Int/Div

Comcast - CMCSA — None — Sold

FPLGroup/FPL — Int/Div

Conoco Philips - COP — Int/Div

Bank of America - BAC — Int/Div

Dallas Fort Worth Rev Bonds — Int/Div — Buy

Dallas Fort Worth Rev Bonds — Int/Div — Buy

lll Sports Facs Auth Bond — Int./Dav — Buy

Trustee

Income — 1/1-12/31 — Foundation Press - Book Royalties — $836.00

Income — 1/1-12/31 — EP Talent Services - Actor's Royalties V3 — £148.00

Spouse's income — 1/1-12/31 — Grant Thorton - Partnership Income

1 participate in the Federal Thrift Savings Plan, but it is my understanding that this asset need not be listed.

All individual assets held in brokerage accounts are individually disclosed in report.

The double listing of certain investments is due to the fact that some are in

name. | have not designated which arc (EE assets, but I list them

separately because they are individual holdings which might be sold separately at a future time.

Various investment accounts held at Bear Stearns were, during the calendar year, transferred to RBC's (Royal Bank of Canada) Wealth Management facility in

Chicago. Accordingly, the individual investments are listed under the heading Bear Stearns/RBC. The transition of investments occurred over some weeks. These

are non-discretionary accounts.

In previous years, the Union League Club was listed under "V. Gifts." Based upon further information, and upon the opinion of the Committee on Codes of

Conduct, the monthly fees paid by judges are equal to fees paid by younger members, clergy and military. The fees exceed the overhead costs to the club, and the

privileges accorded are less than those accorded regular members. In the opinion of the Committee on Codes of Conduct, this fee classificiation does not constitute

a "gift" under the Ethics in Government Act.

In Section VII, 1 list llinois Sports Facilities Authority Bond. It was acquired with a series of other state Authority bonds over time. 1 believed it was an Illinois

Development Authority Bond and included its value when reporting those bonds. When the Illinois Development Authority Bonds were redeemed, the Sports

Facility bond remained, and I realized it was a bond issued by a separate state agency, and 1 belatedly list it now.