Lowell A. Reed jr

PNC Bank — Interest

Nicholas Fund IRA — Int/Div

Janus Fund IRA — Int/Div

Vanguard PA Tax Free — Int/Div

Vanguard Intermediate Bond Fund — Int/Div

Vanguard Windsor Fund IRA — Int/Div

PP&L Common — Int/Div

IBM Common — Int/Div

Vanguard Prime MM IRA — Interest

Vanguard Wellington IRA — Int/Div

Vanguard PA Tax Free MM — Int/Div

Vanguard Windsor IRA — Int/Div

Index 500 - Vanguard- IRA — Int/Div

Vanguard Index Trust - Extended market IRA — Int/Div

Equity Income Fund - Vanguard IRA — Int/Div

Brokerage #1 IRA

Money Market, Wacovia Bank (partial tra nsfer) — Interest

Banco Bilbao Vizcaoa PR, CD — Interest — Redeemed

World Savings Bank, Houston, TX CD — Interest — Redeemed

World Savings Bank, Houston, TX CD — Interest — Buy

Nara Bank CD — Interest — Redeemed

lmperial Cap Bank CD — Interest — Redeemed

Western Bank, Mayagues, PR CD — Interest — Buy

Doral Bank CD — Interest — Redeemed

E Trade Bank CD (IRA) — Interest — Buy

GMAC Bank CD (IRA) — Interest — Buy

Advanta Bank Corp CD (IRA) — Interest — Buy

GE Capital Fund, Inc. CD (IRA) — Interest — Buy

State Bank of India CD IRA — Interest — Buy

Goldman Sachs Group Bond (IRA) — Interest — Buy

Ex-Cell Energy Common — Int/Div

Wellington - The Vanguard Group — Int/Div

Vanguard Convertible Bond Fund — Int/Div

Vanguard Tax Managed Bal Fund — Int/Div

Agreement — — or A «Q w =! 71 ray

Spouse's income — 1.2/08 — Trustee, Testamentary Trust, Trustees commissions. (See VIII)

Explanation For Section III B:

non-investment income is paid to her as a commission as one of three trustees; she is not a beneficiary of the trust, either as to income or

—

distribution of corpus. This is a private testamentary trust in which Jl) has no property interest now or as a remainder man. The corpus of the trust never was

and never will be derived from the assets, income or activities of the filer (jill The filer cannot expect to derive a benefit from the trust income or corpus.

The service GEE as a trustee, and commissions earned are the sole financial interest and responsibility

Neither the filer nor

has filed

any

tax return with the trust and the filer has no actual knowledge of the property or corpus of the trust.

annual commission is based upon a

formula which includes inter alia, the level of profitability of the trust property.

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