George A. O'Toole jr

Same — Int/Div

Same — Int/Div

Alcoa, Inc. — Int/Div

American Intemational Group common — Int/Div

Same — Int/Div

Same — Int/Div

Avery Dennison common — Int/Div

Same — Int/Div — Buy

Bank of America — Int/Div — Merger — Part VII, comment 1.

Same — Sell

Same — Int/Div

BP PLC sponsored ADR — Int/Div — Buy

Bristol Myers Squibb Co. commmon — Int/Div — Sell — (loss)

Cardinal Health Inc.common — Int/Div — Sell

Same — Int/Div — Sell — (loss)

Choicepoint, Inc — None — Buy

Cintas Corp. common — Int/Div

Cisco Systems, Inc. common — None

Same — None

Same — None

Same — None — Sell — (loss)

Same — None — Sell — (loss)

Citigroup, Inc. common — Int/Div

Same — Int/Div

Constellation Brands Cl A — None

CVS Corp. common — Int/Div

Same — Int/Div

Same — Int/Div

Enterprise Bank & Trust Co. common — None

Same — None — Fee

Equitable Resources, Inc. common — Int/Div

Equity Residential SBI — Int/Div

Same — Int/Div

Same — None

Exxon Mobil common — Int/Div

First Data Corp. — Int/Div — Buy

Fleet Bank accounts (aggregated) (Boston, MA) — Interest

FleetBoston Financial common — Int/Div — Merger — Part VIII, comment 1.

Fortune Brands — Int/Div

Same : I — Int/Div — Buy

Same — Int/Div — Buy

General ElectricCo. common — Int/Div

Same — Int/Div — Buy

Home Depot, Inc. common — Int/Div

IBM common — Int/Div

Same — Int/Div

Same — Int/Div

iShares Lehman 7-10 yr. Treas. Bond Fund — Int/Div — Buy

iShares Lehman 1-3 yr Treas. Bond Fund — Int/Div — Buy

iShares Nasdaq Biotech Fund — None

Same — Buy

iShares Russell 2000 Value Index Fund — Int/Div

iShares TIPS Fund — Int/Div — Buy

John Hancock Financial Services common — Int/Div

Johnson & Johnson common — Int/Div

Same — Int/Div

Same — Int/Div

Same — Int/Div

Same — Int/Div

MA St. Wtr Pltn Abtmt Tr Pool 4.5% due 8/1/04 — Interest — Matured

MA St Const Ln Seri¢s B 5.0% due 6/1/07 — Interest

MA St. Health & Educ. 4.2%, due 10/01/2009 — Interest

Ma St. Wir Poll Abatement 4.2% due 8/01/2010 — Interest

Ma St. Wtr Poll Abate 3.0% due 8/1/2010 — Interest

MA Rt 3 North Trans Impt 4/5% due 6/15/06 — Interest

Medtronic Inc. common — Int/Div

Merck & Co. common — Int/Div — Sell — (loss)

Same — Int/Div — Sell — (loss)

Nokia Corp. common — Int/Div — Buy

Same — Int/Div

Pepsico common — Int/Div

Pfizer, Inc. common — Int/Div

Same — Int/Div

Same — Int/Div — Buy

Procter & Gamble Co. common — Int/Div

Same oo — Int/Div

ProLogis SBI — Int/Div

Same — Int/Div

Regency Centers Corp. common — Int/Div

Royal Dutch Petroleum Co. NY reg shrs — Int/Div

Scudder Tax Exempt Cash Inst Shares — Int/Div — Part VIII, comment 2.

Scudder Money Mkt Inst'l Shares — Int/Div

Simon Property Group common — Int/Div

Same — Int/Div

Same — Int/Div

State Street Corp. common — Int/Div

State St. Bank & Trust Federated US Govt. Oblg #5 — Interest

Town of Carlisle MA Bond 5.00% due 6/15/08 — Interest

Veritas Software, Inc. common — None

Same — None

Verizon Communications common — Int/Div

Vodafone Group PLC common — Int/Div

Same — Int/Div

Wells Fargo & Co. common — Int/Div

Same — Int/Div

Same — Int/Div

Zimmer Holdings, Inc. common — None

Agreement — 2004 — Raytheon Company (employment)

Agreement — 2004 — Enterprise Bank, Lowell, MA (director's fees)

Agreement — New York Intellectual Property Law Association — Transportation, lodging and meals; Annual Dinner in Honor of Federal Judiciary, March 26-27, 2004, New York, New York

Agreement — Aspen Institute — Transportation, lodging and meals; Seminar, October 15-17, 2004, Wye Woods, MD

LkdiCale palit Ul Repuit,

vil, AUDI 1I1IUINAL UINCURIVIA LIUIN UN DAF LANA LIUIND

1. As of 4/1/2004, FleetBoston Financial (reported at Part vi, line 35) was merged into Bank of America (Part VII, line 2 and shares of the latter were ©

exchanged for shares of the former.

2. m prior reports, the annual income from the various Scudder accounts has been chido as "income" to reflect that the accounts are essentially

money market accounts. This report designates the annual income as “dividends,” which is thé term used by the funds, "There is no o substantive change in

the investments.