James Maxwell Moody

Dow Chemical Co.

Wyeth — Sell

One Bank — Interest

Bank of America — Interest

Regions Bank — Interest

Telco Fed. Credit Union (formerly Ark Cen Fed Cred Union) — Int/Div — Note 1, Part VIII

A Very Special Tea Room — None — Note 2, Part VIII

Regions Bank/Morgan Keegan (IRA) — Interest

Janus Global Tech Fnd

Vanguard Growth Index Fund (IRA) — Interest — Note 3, Part VII

BH&M 01] 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 — None

MS Spectrum Currency — None

US Gov MM Trst Fnds — Interest

ACCT 1-2 (IRA) (Morgan Stanley) — Int/Div

IShares Russell 2000 Value Fund

IShares Russell 2000 Growth

IShares Russell 1000 Gr Index

IShares Russell 1000 Value Index

IShares Russell Midcap Index Fd

IShares S&P Midcap 400 Value

IShares S&P Midcap 400 Growth

IShares S&P 500 Barra Val Index

Liquid Asset MM Fund

ACCT 1-3 (Sterne Agee)

NLR AR School Dist. #1 — Interest

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

ACCT 1-4 Gl Trust) (formerly Acct A) (Sterne Agee) — Interest

AR Dev Fin Auth SFMR

Greene Cnty AR Housing

LR AR Baptist Medical — Redemption

Pul Cnty AR Chldm's Hosp

Union Cnty AR Housing — Rdmp

AR Div Fin Auth SFM Ser B — Rdmp

AR Div Fin Auth SFM Ser B — Rdmp

Pul Cnty AR HIth. Fac. Catholic

UA-Faytvl Var Fac

West Fork AR School Dist

Jonesboro AR Res Housing

Drew Cty AR School Dist 5

Rogers AR School Dist

Brookland AR School Dist

Springdale AR School Dist

Booneville AR School Dist

Heber Springs AR School District

Springdale AR School Dist 050

LR AR Baptist Med Center

Conway AR Pub Fac Bd Cap Impts Rev Ref Hendrix — Buy

Paragrould AR Water & Sewer Rev B/E — Buy

ACCT 1-5 (IRA) (formerly Acct A) (Morgan Stanley) — Interest

MS Liquid Asset MM Fnds

Activision, Inc — Sell

Activision, Inc — Sell

Red River Farm, Van Buren Cnty, AR — None

ACCT 1-6.a (NEI 1rust2) (frmrly 1Acct8) (EDI Fin Inc) — Int/Div

First Southwest Prime MM Fnds — Interest

ABN AMRO Holding NV

Aetna — Sell

AT&T (formerly Southwestern Bell, Inc.) — Merger

AKZO Nobrl NV

Albertsons, Inc

Alcoa, Inc

Alcoa, Inc — Buy

Altria Group, Inc — Sell

AMBAC, Inc — Sell

Am. Int. Group, Inc — Sell

BP Amoco

BT Group

Banco Bilbaovizcaya

Banco Santander Cen

Baxter Int. Inc.

Bayerische

Bell South Corp. — Sell

Bertshire Hathaway, Inc

Office max — Sell

Brasil Telecom

Bristol Myers Squibb Co

CIT Group, Inc

Centrals Elec Brasileiras — Sell

Chubb Corp

Citigroup, Inc.-Sec — Sell

Clear Channel Communications

Coca-Cola Co.

Comcast Corp. — Sell

Conoco Phillips — Sell

Costco

Deutsche Telekom

Walt Disney Co.

Dover Corp. — Sell

DuPont E I DeNemours & Co.

El Paso Corp — Sell

Electronic Data Systems Corp. — Sell

Federated Dept. Stores

First Data Corp. — Sell

Fiserv, Inc

General Motors Corp.

General Motors Corp. — Buy

GlaxoSmithKline

Halliburton Co — Sell

Hewlett Pakcard Co.

Hewlett Pakcard Co. — Buy

Hewlett Pakcard Co. — Sell

Hitachi Limited

IAC Interactive Corp. — Sell

IBM Corp.

ING Groep

International Paper Co.

International Paper Co. — Buy

Intuit, Inc — Sell

J. Sainsbury

J.P. Morgan Chase & Co.

Johnson & Johnson, Inc

Jones Apparel Group, Inc

Kimberly-Clark Corp.

Koninklijke

Kraft Foods, Inc

Kroger Co. — Sell

Lafarge S.A

Lexmark Int. Group

Limited Brands, Inc

MBNA Corp

MGIC Investment Corp.

Markel Corp.

Marks & Spencer — Sell

Matsushita Elec. Ind.

McDonalds Corp.

Merck & Co., Inc

Merrill Lynch & Co — Sell

Microsoft Corp.

Micron Technology, Inc

Micron Technology, Inc — Buy

Mitsubishi Tokyo Fin. Group, Inc — Sell

Mohawk Ind., Inc. — Sell

Neenah Paper, Inc

Nokia Corp. — Sell

Office Max, Inc. — Sell

PNC Bank

Petroleo Brasileiro SA

Pfizer, Inc.

Portugal Telecom

Public Service Ent. Group, Inc

Repsol SA

Roche Holding, Ltd. — Sell

Schering Plough Corp. — Sell

Schlumberger, Ltd. — Sell

Scottish Power

Sumitomo Mitsui

TXU Corp

Taiwan Semiconductor Mfg

Telecentro Oeste Celular

Telecom Italia

Telebras

Telefonica de Espana SA

Telefonos de Mexico

Teleleste Celular

Telesp Celular

Tenet Healthcare Corp. — Sell

Tim Participacoes

Total SA — Sell

UST, Inc.

Unilever NV

Unilever NV — Buy

Unisys Corp.

Viacom, Inc.

Volkswagen AG — Sell

Walgreen Co.

Washington Mutual, Inc

Wells Fargo & Co.

Wells Fargo & Co. — Buy

Xerox Corp. — Sell

Daimler Chrysler AG — Sell

Global Santa Fe Corp. — Sell

Willis Group Holdings, Ltd.

Flextronics Int.. Ltd — Sell

Calamos Growth CL C — Buy

Davis NY Venture CL C — Buy

ACCT 2-1 (formerly 2Acctl) (MS)

Money Trust MM Fnds — Interest

Chevron Texaco — Int/Div

Intel — Int/Div

First Horizon National Corp. — Int/Div

SunTrust Banks — Int/Div — Note 5, Part VIII

General Electric Co. — Int/Div

Pfizer, Inc — Int/Div

Duke Energy Corp. — Int/Div

Sotheby's Holding, Inc — None

ACCT 2-2 (IRA) (formerly 2Acct2) (MS) — Int/Div

Liquid Asset MM funds

Fedex Corp.

Intel

General Electric

Qualcomm, Inc

Wal Mart Stores

Yahoo, Inc

Amer. Healthways

MS Flexible Income Trust B

ACCT 2-3 (Trust) (formerly 2Acct3) MS) — Int/Div — Note 5, Part VIII

215. - Cisco

Dell Computer

General Electric

Microsoft

Carrier I

Morgan Stanley

Dominion Res.

Lyondell Chemical

Brazos Cnty TX Health Facs

Harris Cnty TX Health Facs.

Harris Cnty TX Gen Ob

Tarrant Cnty TX Health Resources Tacs.

MS Tax Exempt Sec

ACCT 2-4 (IRA) (formerly 2Acct4) (MS) — Int/Div

229. - Liquid Asset Fund

IShares Russell 2000 Value

IShares Russell 2000 Growth

IShares Russell 1000 Growth

IShares Russell 1000 Value

IShares Russell Midcap Value

Ishares S&P Midcap 400 Value

Shares S&P Midcap 400 Growth

IShares S&P 500 Barra Value

Trustee

Spouse's income — 2005 — Tutoring

Note 1: Part VII, Line 4 -- Account incorrectly identified in prior report. Correct name formerly was Arkansas Central Federal Credit Union, and name changed

to Telcoe Federal Credit Union.

Note 2

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

Note 3

Part VII, Line 8 -- This account erroneously omitted from previous report.

Note 4:

Part VII, Line 199 -- Transaction for this holding should have reflected "partial sale" on previous report (CY 2004, Line 385).

Note 5

Part VII, Line 213 -- Not a trustee for this account.

Note 6

CY 2004 Report, Part VII, Line 5 -- This cash/money market funds entry has been deleted from CY 2005 report. Each fund is separately listed in

corresponding account on CY 2005 report.

Note 7: CY 2004 Report, Part VII, Line 34 -- There is no record of this holding in the account. It was inherited in 1991 and recall that it was disposed of within

2-3 years, but uncertain of date; erroneously included on report. It has been deleted from CY 2005 report.

Note 8: CY 2004 Report, Part VII, Line 49 -- There is no record of this elding in the account. It was donated to [ several years ago; erroneously included

on report. Ithas been deleted from CY 2005 report.