Robert R. Beezer

Edison International, Connon — None

Azgon, Common — Int/Div

Ft. Dearborn, Common — Int/Div

General Electric, Comman — Int/Div

Dow Chemical, Coonan — Int/Div

Clorax, Common — Int/Div

Int Paper, Common — Int/Div

IBM, Connon — Int/Div

T. Rowe Price, New Horizons — None

NL Industries, Comoram — Int/Div

Bark of Arperica — Interest

U.S. Tezasury Bond 5% (2018) — miesest

Great Northem Iron Cre Trust Certificate — Int/Div

Treasury Direct (No. 1) — inersst — Pars VIII D

Treasury Direct (No. 2 — Interest — Part VIO D

Pisncs Natural Resources, Common — None

Starbucks, Comumen — None

US Bank, Seattle — Intersst

Key Bank, Seattle — Interest

Washington Mutual Savings, Seattle — meenest

Wells Fago Bank Seattle — Interest

Vodafone, Common — Int/Div

Cytec, Coapoon — None

Tesoro, Common — None

U.S. Treasury Bond 8% (2021) — hntezest

Lucent Technology, Common — None

NCR Carp, Corman — None

Gallaher, ADRS — Int/Div

Qwest, Caumon — Nope

Citigroup, Carunon — Int/Div

Hallbweton, Common — Int/Div

U.S. Treasury Bond 6% (2026) — Interest

Avaya Commmuouycatans, Coounan — None

Home Sueet Bank, Seattle — Interest

Washington Federal S&L, Seattle — Interest

Verity Credit Union — Interest

AT&T Wireless, Common — Nene

Agere Systems, Class 3, Conumon — None

IM. Smucker Co, Comunon — Int/Div

Travelers Prop & Cas, Cless A, Conmzos — Int/Div

Travelers Prop & Cas, Class B, Copanan — Int/Div

Comcast, Class A, Comman — None

Treasury Direct No. 3 (X) — otoyest — Buy

Kronos Worldwide 0) — None — Pt VII B

Income — The Rainier Club, Seattle, WA — 2003 Honorary metnbarship*® — RACER A 3

Income — The Hacbor Club, Seattle, WA — 2602 Honorary membershin®*

Income — 3. — *%8ee Part VIO explanation for Part V

Income — I. — ETRE NAA AANA — WEFT NSAL aN Fa

PM. dl dil) Ay

Ye i

nd cle ili didi indiatimes ith Sie aie od

WR vival al Suite Sd Rb.

-

Bxplanation for Part VV: Gills

**These memberships are limited to signing privileges and pent use of club fat lies. They do not have a fixed monetary value but each is estimated to

have a value in excess of $250.00

v

Rxplanawon for Pant VIE Investments and Trusts

A. Dividend reinvestinents resulied in the the recat of additional shares fom the following firms during calendar year 2003 as follows

Evergreen Funds (IRA)

Merrill Lynch Municipal Bond Fund

Tii Continental Corporation

T. Rowe Price, New Era Fund

B. On Novouhe 17,2003, NL Industries effected 2 spinoff under which Kronos Worldwide shares were distributed to the NL shareholders on a 1:2 basis. = =

C. Robert R. Beraer is named as trustee under the terms of a last will and tevement establishing Trust #1. Din 8 2003, the trust received income in an

amount of Income Code E,

a

-

As of December 31, 2003, Trust #1 held assets as follows:

Hem

Value Code

Shares of General Electric, Comraon

U.S. Treasury Bonds 10-5/8 due 2015

M

Shares of SBC Conmunicstions, Inc., Cosmon

Checking account, Union Bank of California, Seattle, WA

Robert R. Beeaer has na inserest, present or future, in the incorne ar assets of Trust #1

D. All trvasury bills were maintained in Treaury Direct Secon and are reported in 2002 as 2 single entry. During 2603, additional principal was added

to these accounts in the following amounts:

Account No. 1 Value Code J

Account No. 2 Value Code J