J. Frederick Motz

T. Rowe Price - Value — Int/Div

MSDW Liquid Asset — Interest — Sell

MSDW Liquid Asset (IRA) — Interest — Sell

T. Rowe Price - Capital Opp. (IRA) — Int/Div

T. Rowe Price - New Asia (IRA) — Int/Div

T. Rowe Price - Small - Cap Value (IRA) — Int/Div

T. Rowe Price - Value Fund (IRA) — Int/Div

MSDW Liquid Asset — Interest — Sell

T. Rowe Price - Prime Reserve (IRA) — Int/Div

Merck — note 3

Cisco Systems (IRA) — Int/Div — Sell

MSDW Dividend Growth B (IRA) — Int/Div — Sell

MSDW Aggressive Equity (JRA) — Int/Div — Sell

MSDW Total Market Fund (IRA) — Int/Div — Sell

CVS — Int/Div

John Hancock Tech. (IRA) — Int/Div — Sell

John Hancock Fin. (IRA) — Int/Div — Sell

T. Rowe Price — note 4

Pepsico — Int/Div — note 2

U.S. Treasury Bonds (IRA) — Interest

Baltimore County Bond — Interest

Montgomery County Bond — Interest

Global Dividend Growth-B — Int/Div — Sell

Special Value Fund A — Int/Div — Sell

Charles County Bond — Int/Div

Discover Bank CD (IRA) — Interest — Redeem

Altria — Int/Div

Altria — Int/Div — Sell

Kimberly Clark — Int/Div — Sell

Kraft — Int/Div — Sell

AIG — Int/Div

Black & Decker — Int/Div — Inh — note 2

Constellation Energy — Int/Div

PNC — Int/Div

T. Rowe Price New Honzons Fund — Int/Div

T. Rowe Price Md Tax-Free Bond Fund — Int/Div

T. Rowe Price Blue Chip Growth (GST) } — Int/Div — note 5

T. Rowe Price International Bond (GST) — Int/Div — note 5

T. Rowe Price International Stock (GST) — Int/Div — note 5

T. Rowe Price Prime Reserve (GST) — Int/Div — Sell — note 5

TRP Equity Income (GST) — Int/Div — Buy

TRP Spectrum Growth (GST) — Int/Div — Buy

TRP Equity Income (IRA) — Int/Div — Buy

TRP Growth Stock (IRA) — Int/Div — Buy

TRP Prime Reserve (IRA) — Int/Div — Buy

Exxon Mobil (IRA) — Int/Div — note 6

TRP Growth Stock — Int/Div — Buy

TRP Spectrum Growth — Int/Div — Buy

Summit Cash Reserve — Interest — Buy

Direct TV — Int/Div — inh

Duke Realty — Int/Div — Inh

Macy's — Int/Div — Inh

Praxair — Int/Div — inh

Union Pacific — Int/Div — Inh

Wash. Real Estate Inv. Trust — Int/Div — Inh

Standard & Poors Depository Receipts — Int/Div — Inh

Alleghany Cty. Bond — Interest — Inh

Springfield, Pa Bond — Interest — inh

Univ. of Md. Bond — Interest — Inh

TRP Prime Reserve — Interest — Buy

AgilentTech — Int/Div — Inh

Agilent Tech — Int/Div — Sell

Anadarko Pete — Int/Div — Inh

Anadarko Pete — Int/Div — Sell

Boston Scientific — Int/Div — Inh

Boston Scientific — Int/Div — Sell

Comcast — Int/Div — Inh

Comcast — Int/Div — Sell

Dyconlnd — Int/Div — Inh

Dyconlnd — Int/Div — Sell

Intel — Int/Div — Inh

Intel — Int/Div — Sell

P Morgan Chase — Int/Div — Inh

J P Morgan Chase — Int/Div — Sell

Johnson & Johnson — Int/Div — Inh

Johnson & Johnson — Int/Div — Sell

Matsushita Elec — Int/Div — Inh

Matsushita Elec — Int/Div — Sell

Pfizer — Int/Div — Sell

Proctor & Gamble — Int/Div — Sell

Royal Dutch Shell — Int/Div — Sell

Symantec — Int/Div — Sell

Time Warner — Int/Div — inh

Time Wamer — Int/Div — Sell

Vengy Ltd — Int/Div — Inh

Wachovia — Int/Div — Inh

Wachovia — Int/Div — Sell

Zimmer Holdings — Int/Div — Inh

Zimmer Holdings — Int/Div — Sell

Alexandria, Va Bond — Interest — Inh

Balto. County Bond — Interest — Redeem

Ouk Park. Ill Bond — Interest — Inh

Quk Park, il. Bond — Interest — Redeem

Oak Park. Mich. Bond — Interest — Inh

Pequannock Twp. Bond — Interest — Inh

Pequannock Twp. Bond — Interest — Redeem

Trustee (See note 7), Sheppard & Enoch Pratt Health System

Agreement — Trustee — Generation Skipping Trust for Children

Reimbursement — Brookings Institute — Washington, D.C

Investments -

Note | - Not a mutual fund.

Investments

Note 2 - Some stock in this company has been previously held and previously reported: additional holdings were inherited or purchased

Investments

Note 3 - This entry for Merck merged into previous entry (28) for Merck.

Investments

Note 4 - This entry for T. Rowe Price merged into previous entry (4) for T. Rowe Price.

Investments

Note 5 - "GST" means "Generation Skipping Trust."

Investments -

Note 6 - Reported with other Exxon Mobil holdings in previous entry for Exxon Mobil (1) in previous years.

Positions - Note 7 - Please note that | have reported in Part | that I am a Trustee of the Sheppard & Enoch Pratt Health System which is a non-profit organization in

which | have no financial interest