Stewart R. Dalzell

Cape Cod Five Cent Savings — Interest

Bear, Stearns Cash Account — Interest

Mellon Bank — Interest

PNC Bank — Interest

RMA Tax Free Fund — Int/Div

BRE Properties, Inc. — Int/Div

Vangaurd PA Tax Free Money Fund — Int/Div

Village Super Market — Int/Div

Cash Reserve Trust — Int/Div

U.S. Treasury strips — Interest — sell — sale

Pepsico — Int/Div

American International Group — Int/Div — sell — on NYSE

MBNA Corp. — Int/Div — sell — sale on NYSE

Acco Brands Corp. — None — spin-off — received

J.P. Morgan Bonds — Interest

MBNA Corp. — None — sell — on NYSE

Dow Chemical — Int/Div — buy — additional shares

Weingarten Realty Inv — Int/Div — buy — additional shares

Citigroup — Int/Div — sell — sale on NYSE

Pfizer, Inc. — Int/Div

General Electric — Int/Div

GTE South Inc. Bonds — Interest

Sara Lee Corp. Bonds — Interest

VF Corp. — Int/Div — buy — additional shares

Exxon Mobil — Int/Div — sell — sale on NYSE

SEI Daily Income Trust — Int/Div

Lowes — Int/Div

Chevron Texaco — Int/Div — sell — sale on NYSE

Johnson & Johnson — Int/Div

Goldman Sachs Group Notes — Interest

Fortune Brands — Int/Div

General Dynamics — Int/Div

Vodafone Group — Int/Div — sell — on NYSE

Acco Brands Corp. — None — sell — on NYSE

Intel — Int/Div

SBC Communications/ AT&T — Int/Div — change 11/18

Wells Fargo — Int/Div

DuPont — Int/Div

J.P. Morgan Chase — Int/Div

Dominion Resources — Int/Div

USEC — Int/Div — sell — sale on NYSE

Xerox Credit Notes — Interest

Sherritt Intemational Corp. — Int/Div — sell — sale on Toronto SE

Washington Mutual — Int/Div — sell — on NYSE

Caterpillar — Int/Div — buy — on NYSE

Bank of America — Int/Div — sell — sale on NYSE

Conoco Phillips — Int/Div

Int'l Business Machines — Int/Div — buy — additional shares

Servicemaster — Int/Div

PNM Resources — Int/Div — sell — on NYSE

Utilities SPDR Trust — Int/Div

Korea Electric Power Corp. — Int/Div

Duke Realty Corp. — Int/Div — sell — on NYSE

Verizon Communications — Int/Div — sell — on NYSE

FNMA Bonds — Interest — call — call

USEC — Int/Div — sell — on NYSE

FHLB Bonds — Interest — buy — in offering

Plum Creek Timber — Int/Div — buy — on NYSE

FHLB Bonds (new) — Interest — buy — in offering

Intemational Coal — None — buy — on NYSE

Spouse's income — Posel Partnership — Value of Free Movie Pass

Spouse's income — Drinker Biddle & Reath — Tax Return Preparation