James Maxwell Moody

One Bank — Interest

Bank of America — Interest

Regions Bank — Interest

Telco Fed. Credit Union — Int/Div

A Very Special Tea Room — None — Note 1, Part VIII

Regions Bank/Morgan Keegan (IRA) — Interest — Note 4, Part VIII

JanusGlobal Tech Fnd — Interest — Note 5, Part VIII

Vanguard Growth Index Fund (IRA) — Interest

BH&M 0il Comm. Stock — Int/Div

Putnam Amer. Growth & Income Fnd — Int/Div

Amer. Funds AMCAP Fnd — Int/Div

Fidelity Eq. Aggr. Growth Fnd — Int/Div

MSDW Competitive Edge Fnd — Int/Div

ACCT 1-1 (Morgan Stanley)

Morgan Stanley Com. Stock — Int/Div

Wal-Mart Stores Com. Stock — Int/Div

MS Spectrum Technical — Interest

MS Spectrum Currency — Interest

US Gov MM Trst Fnds — Interest

ACCT 1-2 (IRA) (Morgan Stanley) — Int/Div — Note 2, Part VIII

ISharesRussell 2000 Value Fund — Partial

ISharesRussell 2000 Value Fund — Partial

IShares Russell 2000 Growth — Partial

IShares Russell 2000 Growth — Buy

IShares Russell 1000 Gr Index — Partial

IShares Russell 1000 Gr Index — Buy

IShares Russell 1000 Value Index — Sell

IShares Russell Midcap V Index Fd — Sell

IShares Russell Midcap G Index Fd — Buy

IShares Russell Midcap G Index Fd — Partial

IShares S&P Midcap 400 Value — Partial

IShares S&P Midcap 400 Value — Partial

IShares S&P Midcap 400 Growth — Partial

IShares S&P Midcap 400 Growth — Buy

IShares S&P 500 Barra Val Index — Sell

IShares S&P 500 Growth Index — Buy

IShares S&P 500 Growth Index — Partial

IShares MSCI Emerging Mkts Fd — Buy

Shares S&P Europe 250 Mkt Fnd — Buy

IShares MSCI Japan Index Fnd — Buy

American Century Ultra Inv — Buy

American Century Ultra Inv — Transfer — to Acct 1-5, Ln 80

Liquid Asset MM Fund — Transfer — fnds fm Ln 81 trnsactn

ACCT 1-3 (Sterne Agee)

NLR AR School Dist. #1 — Interest — Redemption

LR AR School Dist. Ser. B — Interest

Pul Cnty AR Chldm's Hosp. — Interest

Heber Springs School District — Interest

Fed Home Loan Mtge Corp Med Term Note — Interest

General Motors Corp Note — Interest

Muni Cash Trust Fnds — Int/Div

AR StRfdg Water Waste Disp & Pollution Muni Debt — Interest — Buy

ACCT 1-4 (Fam Trust) (Steme Agee) — Int/Div

AR Dev Fin Auth SFMR — Exchange — for Hldg, Ln 59

Greene Cnty AR Housing

Pul Cnty AR Hsp Revs Chldm's Hosp

Union Cnty AR Housing

AR Div Fin Auth SFM Ser B — Rdmp

AR Div Fin Auth SFM Ser B — Exchange — to Hldg, Ln 54

Pul Cnty AR Hlth. Fac. Catholic

UA-Faytvl Var Fac

West Fork AR School Dist — Redemption

Jonesboro AR Res Housing

Drew Cty AR School Dist 5

Rogers AR School Dist

Brookland AR School Dist — Redemption

Springdale AR Sch Dist #50

Booneville AR School Dist

Heber Springs AR School District

Springdale AR SD050

LR AR Hlth Fac Bd Baptist Med Center

Conway AR Pub Fac Bd Cap Impts Rev Ref Hendrix

Paragrould AR Water & Sewer Rev B/E

AR St Rfdg Water Waste Disp & Poll C B/E — Buy

AR St Univ Rev Hsg Sys FGIC B/E — Buy

NLR Hith Fac Bd Hith Care RV Ref Bap Hlth BIE — Buy

ACCT 1-5 (IRA) (Morgan Stanley) — Interest

MS Liquid Asset MM Fnds

Activision, Inc.

American Century Ultra Inv — Transfer — frm Acct 1-2, Ln42

American Century Ultra Inv — Sell

ACCT 1-6.a MEM rust2) (EDI Fin Inc) — Int/Div

First Southwest Prime MM Fnds

ABN AMRO Holding NV

AT&T

AKZO NobrlNV

Albertsons, Inc — Sell

Alcoa, Inc.

BP Amoco

BT Group — Sell

Banco Bilbaovizcaya

Banco Santander Cen

Bank of America Corp (formerly MBNA Corp hidg) — Merger — Ln 136

Baxter Int. Inc

Bayerische

Berkshire Hathaway, Inc

Brasil Telecom — Sell

Bristol Myers Squibb Co

CBS Corp — Buy

CBS Corp — Sell

CIT Group, Inc

Chubb Corp

Clear Channel Communications — Sell

Coca-Cola Co.

Costco

Deutsche Telekom — Sell

Walt Disney Co — Partial

Dow Chemical Co.

Dow Chemical Co. — Buy

DuPont E I DeNemours & Co. — Sell

Federated Dept. Stores

First Data Corp. — Sell — Note 3, Part VIII

Fiserv, Inc

General Motors Corp

GlaxoSmithKline

Hitachi Limited — Sell

IBM Corp.

IBM Corp. — Buy

ING Groep

Intel Corp. — Buy

International Paper Co.

J. Sainsbury

J.P. Morgan Chase & Co.

Johnson & Johnson, Inc

Jones Apparel Group, Inc

Kimberly-Clark Corp.

Koninklijke

Kraft Foods, Inc — Sell

Lafarge S.A

Lexmark Int. Group

Lexmark Int. Group — Buy

Limited Brands, Inc

MBNA (now BAC) — Merger — Ln 96

MGIC Investment Corp

Markel Corp

Matsushita Elec. Ind.

McDonalds Corp. — Partial

Merck & Co., Inc — Sell

Microsoft Corp.

Micron Technology, Inc — Sell

Neenah Paper, Inc

PNC Bank

Petroleo Brasileiro SA

Pfizer, Inc.

Portugal Telecom — Sell

Public Service Ent. Group, Inc

Repsol SA

Scottish Hydro Elec. (formerly Scottish Power) — Merger

Scottish Hydro Elec — Sell

Sumitomo Mitsui

TXU Corp.

Taiwan Semiconductor Mfg,

Telecentro Oeste Celular (now Vivo Participacoes SA) — Merger — Ln 168

Telecom Italia — Sell

Telebras — Sell

Telefonica de Espana SA

Telefonos de Mexico

Teleleste Celular (now Vivo Participacoes SA) — Merger — Ln 168

Telesp Celular (now Vivo Participacoes SA) — Merger — Ln 168

Tim Participacoes

UST, Inc — Sell

Unilever NV

Unisys Corp — Sell

Viacom, Inc — Sell

Vivo Participacoes SA — Merger — Lns 156, 161, 162

Walgreen Co — Sell

Washington Mutual, Inc

Wells Fargo & Co

Western Union — Buy

Willis Group Holdings, Ltd. — Sell

Calamos Growth CL C

Davis NY Venture CL C

ACCT 2-1 (MS)

Money Trust MM Fnds — Interest

Chevron Texaco — Int/Div

Intel — Int/Div — Sell

First Horizon National Corp. — Int/Div

SunTrust Banks — Int/Div

General Electric Co — Int/Div

Pfizer, Inc — Int/Div

Duke Energy Corp — Int/Div — Exchange — to hldg, Ln

Duke Energy Holding Co — Int/Div — Exchange — for hldg, Ln 187

Sotheby's Holding, Inc — None

Spectra Energy Corp — Int/Div — Buy

ACCT 2-2 (IRA) (MS) — Int/Div

Liquid Asset MM funds

Fedex Corp.

Intel — Partial

General Electric

Qualcomm, Inc

Wal-Mart Stores — Int/Div — Sell

Yahoo, Inc

Healthways, Inc. (formerly Amer Healthways) — Change

MS Flexible Income Trust B

Activision Inc — Buy

ACCT 2-3 (Trust) (MS) — Int/Div — Note 4, Part VIII

Cisco — Partial

Dell Computer

General Electric

Microsoft

Carrier]

Morgan Stanley

Dominion Res. — Sell

Lyondell Chemical

Brazos Cnty TX Health Facs.

Harris Cnty TX Health Facs.

Harris Cnty TX Gen Ob — Redeem

Tarrant Cnty TX Health Resources Tacs.

MS Tax Exempt Sec

ACCT 2-4 (IRA) (MS) — Int/Div

Liquid Asset Fund

IShares Russell 2000 Value — Partial

IShares Russell 2000 Value — Sell

IShares Russell 2000 Growth

IShares Russell 2000 Growth — Buy

IShares Russell 2000 Growth — Sell

IShares Russell 1000 Growth

IShares Russell 1000 Growth — Sell

IShares Russell 1000 Value — Sell

IShares Russell Midcap Value — Sell

Ishares S&P Midcap 400 Value — Sell

IShares S&P Midcap 400 Growth

IShares S&P Midcap 400 Growth — Buy

IShares S&P Midcap 400 Growth — Sell

IShares S&P 500 Barra Value — Sell

IShares Russell Midcap G In Fnd — Buy

IShares Russell Midcap G In Fnd — Sell

IShares S&P 500 Gr Ind Fnd — Buy

IShares S&P 500 Gr Ind Fnd — Sell

Spouse's income — 2006 — Tutoring

Note 1

Part VII, Line 5 -- No assets; retain public rights only.

Note 2

Part VII, Line 20 -- CY 2005 Report at Line 20, Col. C(1) erroneously shown as "L" should have been "O".

Note 3

Part VII, Line 115 -- CY 2005 Report at Line 107, Col. D(1) erroneously shown as "sell;" should have been "partial sell."

Note 4

Part V1], Line 6 -- CY 2005 Report at Line 6 erroneously shown as part of asset on Line 7; should have been shown as separate asset; same values as CY

2006.

Note 5

Part VII, Line 7 -- CY 2005 Report at Line 7 erroneously shown as part of asset on Line 6; should have been shown as a separate asset.