Frederic Block

BANK OF AMERICA SER A PFD — Interest — Buy

BANK OF AMERICA SER 2 PFD — Interest — Sold

BECTON DICKENSON CO — Int/Div — Buy

FIRSTTR TAX ADVANT. PFD INC FD — Int/Div — Sold

BLACKROCK NY MN 1! TR SBI — Int/Div — Buy

EATON VANCEINSNY MUN — Int/Div

CITIGROUP CAP. VIII DEF INT TRUST PFD STK 6.950% 09/15/31 — Interest

EATON VANCE RISK MANGD DIVRS EQINC FD — Int/Div — Buy

ABN AMRO CAP FD TR VII PFD NON CUM 6.08% PERP — Int/Div — Sold

ROYAL BK SCOTGRP PLC 6.35% NONCUM PRF SR-N — Int/Div — Sold

BLACKROCK MUNIYIELD NY INS FD INC — Int/Div

NUVEENNY INV QUAL MUNI — Int/Div

NUVEEN NY QUAL INC MUNI — Int/Div

PIMCO NY MUNINC FD — Int/Div

COHEN & STEERS CLOSED END OPPTY FD(2) — Int/Div

ISHARES DOW JONES US RE INDEX FD — Int/Div — Buy

MERRILL LYNCH BANK USA(2) — Interest — with line 19)

FIA CARD SERVICES NA — Interest

SATURNS-GS 2004-2 SER GS 5.75% 215/33 — Interest

BLACKROCK WORLD INVTTR — Int/Div — Sold

NUVEEN NY PREF PLS MUNI — Int/Div — Buy (add'l)

RESEARCH INMOTIONLTD — None

VERIZON COMM COM — Int/Div — Buy

WESTERN ASST/CLAYMORE US TREAS. INFLATION — Int/Div — Sold

WESTERN ASSET/CLAYMORE INFL.-LNKD OPT & INC FD — Int/Div

IRA -F. BLOCK

ALLIED CAPITAL CORP NEW — Int/Div

ANNALY CAP MGMT INC — Int/Div — Buy (add'l)

ARROW ALTERN. SOLUTIONS FD CL A — Int/Div — Sold

BLACKROCK PFD INC STRAT — Int/Div — Sold

BLACKROCK PFD & CORPINC — Int/Div — Sold

CGM ADVISORTARG.EQ.FDCLC — Int/Div — Sold

EATON VANCE DIVIDEND BLDR FD CLC — Int/Div

EATON VANCE RISK MANAGED DIVRS.EQ. INC FD — Int/Div — Sold

JOHN HANCOCK LG CAPEQFDCLC — Int/Div — Sold

PIMCO TOTAL RETURN FDCLC — Int/Div — Buy (add'l)

MORGAN STANLEY - TR V DEF INT TR PFD 5.75% 7/15/33 — Interest

CBS CORP. 7.25% 06/30/51 — Interest

CITIGROUP CAP VIII DEF INT TR PFD STK 695% 09/15/31 — Interest

VORNADO REALTY TRUST SER F CUM PFD SHS 6.75% PERP — Interest

AMERICAN FUNDM INVT CL CFD — Int/Div — Sold

AMERICAN CAP WLD GRW & INC CL C — Int/Div — Sold

AMERICAN BOND FD OF AMERICA CL C — Int/Div — Buy (add'l)

ARROW DWA BALANCED FDCL A — Int/Div

BLACKROCK EQUITY DIVFDC — Int/Div

BLACKROCK HL SCOPPC — None — Buy

CALAMOS CONV OPP INC FD — Int/Div — Buy

COHEN & STEERS CLOSED END OPPTY FD — Int/Div — Buy (add'l)

IVYASSET STRATEGY FDCL C — None — Buy (add'l)

BLACKROCK ALLOCATION C — Int/Div — Sold

SATURNS-GS 2004-2 SER GS 5.75% 215/33 — Int/Div

THORNBURG INCBUILDERFD CLC — Int/Div

MERRILL LYNCH BANK USA RASP — Interest — with line 59)

FIA CARD SERVICES NA RASP — Interest

USBCAPITAL VI 5.75% 3/9/35 — Int/Div — Buy (add'l)

LOOMIS SAYLES INV GRADE BOND FDCLC — Int/Div — Sold (part)

LOOMIS SAYLES STRATINCFD CLC — Int/Div — Buy (add'l)

MFESUTILITIES FDSERTR VIUTL CLC — Int/Div — Buy

PIMCO ALL ASSETALLAUTHFDCLC — Int/Div — Buy

PIMCOREALRETURNFDCLC — Int/Div — Buy

NUVEEN QUAL PREF INC 2 — Int/Div — Sold

BANK OF SMITHTOWN — None

Officer, Frederic Block, P.C

Reimbursement — UNIVERSITY SCHOOL OF LAW — 412412009 — EDUCATION — FOOD a