David Aldrich Nelson

Weyerhaeuser — Buy

Weyerhaeuser — Sell

Brokerage Acct #1

WP Carey & Co. LLC shares — Distribution

Convergys Corp. stock — None — Part

Convergys Corp. stock — Part

Convergys Corp. stock — Rest

Blount Intemational Inc., stock — None

Valeant Pharmaceutical Intl. Stock — Int/Div

Tyco Intl. Stock — Int/Div — Part

Tyco Intl. Stock — sen

Astra Zeneca ADRs — Int/Div — Sell

Helmerich & Payne — Int/Div

MS India Inv. Fund — Int/Div

Tidewater — Int/Div — Sell

I Shares MSCI Aus. IDX Fund — Int/Div

Vanguard World FD Health Care Vipers — Int/Div

BJ Services — Int/Div — Buy

Cimarx Energy — None — Buy

Newfield Exploration — Int/Div — Buy

Pogo Producing — Int/Div — Buy

Commodores Club partnership share — None

Huntington Natl Bank misc-accounts — Int/Div — Part VIII)

IRA #1 — Int/Div — (Note: — Part VII)

IRA #1 — of — Income

IRA #1 — cap — reported

IRA #1 — Interest — include

IRA #1 — capital.)

Adams Express stock — Sell

Archstone Smith REIT shares

Central Securities Corp. stock

New Plan Excel Realty Trust REIT shares %

Ranger Indus. stock

United Dominion Realty Trust REIT shares — Sell

Annaly Mtg Mgmt. REIT shares — More

Annaly Mtg Mgmt. REIT shares — Sell

Equity Resident. REIT shares

Equity Resident. REIT shares — Merger — Part VIII)

LaSalle Hotel Ppty REIT shares — Part

Plum Ck Timber REIT shares

AT&T Sr Notes 7% 5/15/05 — Matured

Lucent Tech. Note 7.25% 7/15/06

Xerox Cap. Europe Note 6.25% 4/24/08 — Redemp

Cinergy Corp. Stock

Conoco Phillips stock

Occidental Petroleum stock

Teco Energy stock

Thomburg Mortgage REIT shares — Part

Thomburg Mortgage REIT shares — More

Thomburg Mortgage REIT shares — Part

T.Rowe Price Intl Bond Fund mutual fund — Part

Abbott Labs — Sell

Amgen Inc — Sell

Anadarko Petrol Co — Sell

Apache Corp — Sell

BP PLC ADRs

Bank of America

Carr America Rlty

Chevron Texaco — More

Consol. Energy Inc — Part

Consol. Energy Inc — Sell

Duke Energy Corp.

El Paso Corp. — More

El Paso Corp. — Sell

74. — Fidelity Natl. Fin'l Inc — Part

Fording Cdn. Coal Trust — More

India Fund, Inc — More

JP Morgan Chase & Co.

Korea Fund stock — Sell

Levi Strauss & Co.

Senior Notes 12.25% due 12/15/12

Marathon Oil Co. — More

Nat'l City Corp. — More

83. -- Peabody Energy Corp. — Part

83. -- Peabody Energy Corp. — Part

Pimco Emg. Mkt. Bond Fund

Weingarten Realty

Alliance Resource Prtnrs — Buy

Allied Cap Corp — Buy

Cemex ADRs — Buy

Corporate Office Pptys — Buy

Delta Airlines Note 8/15/08 — Buy

Enterprise Products Prtors — Buy

Freeport McMoran C&G — Buy

1 Shares NASD Biotech — Buy

Japan Equity Fund — Buy

Norsk Hydro — Buy

Petroleo Brasileriro ADRs — Buy

Petroleo Brasileriro ADRs — More

Pimco Commod Real Rtn Strat. Fd. — Buy

Potlatch — Buy

Rayonier — Buy

Royal Dutch ADRs — Buy

Syngenta ADRs — Buy

TEPPCO Prtors — Buy

Total ADRs — Buy

Vanguard Utilities Vipers — Buy

Weyerhaeuser — Sell

114. -- Park Electrochem — Buy

114. -- Park Electrochem — Sell

IRA #2 — Distribution

117 — cap.gains

Vanguard High-Yield Corp. mutual fund — Part — Part VIII)

Vanguard Wellesley Income Admiral mutual fund — Part — Part VIID

Vanguard Wellesley Income Admiral mutual fund — Part — Part VIII

Vanguard REIT Index mutual fund — part — Part VIII

Vanguard REIT Index mutual fund — Part — Part VII)

Vanguard Emerging Markets stock index mutual fund — Part — Part VIID

Vanguard Emerging Markets stock index mutual fund — Part — Part VIII)

Vanguard Emerging Markets stock index mutual fund — Part — Part VIII)

Vanguard Emerging Markets stock index mutual fund — Part — Part VIII)

Vanguard Health Care Admiral mutual fund — More — Part VII

Converted from Investor shares to Admiral Shares on 5/17) — More — Part VIII)

Vanguard Prime Money Market mutual fund — Part VIII)

Vanguard Prime Money Market mutual fund — Part — Part VII

Vanguard Mid-Cap Index mutual fund — Part — Part VIII)

Vanguard Mid-Cap Index mutual fund — Part — Part VIII)

Vanguard Mid-Cap Index mutual fund — Part — Part VIID

Vanguard Inflation Protected Securities mutual fund — Part — Part VIII

Vanguard Intl. Explorer mutual fund

Vanguard U.S. Value mutual fund — Part VIII)

Vanguard Capital Opportunity mutual fund — Part VIII)

Vanguard Primecap Mutual Fund — Part — Part VIII)

Vanguard Select Value Mutual Fund — Part VIII)

Vanguard Short-Term Investment Grade Mutual Fund — Part VII)

Bought 2/26/04 (value Code K) and inadvertently omitted

from '04 report)

Vanguard Global Equity — Buy — Part VIII)

IRA # 3 (Formerly IRA# 4) — Int/Div — Part VIII)

Vanguard Prime Money Mkt mutual fund — Reinvest

Vanguard Prime Money Mkt mutual fund — dividends

Vanguard Health Care Fund — Reinvest

Vanguard Health Care Fund — dividends

USAA subscriber savings account — Distribution — Part VIII)

Vanguard Money Market Reserves — Int/Div

158. — +cap.gain

Hamilton College Charitable Gift Annuity

160. — Distribution

Vassar College Charitable Gift Annuity — Distribution

Vassar College Charitable Gift Annuity — Plan

Vassar College Charitable Gift Annuity — Part

Vassar College Charitable Gift Annuity — Part

Vassar College Charitable Gift Annuity — Part

Avaya Inc — None — Buy

Commercial Cap Bancorp — Int/Div

Korea Fund — cap gc

Reliant Energy — None

Xerox Corp. — None — More

Lucent Technol. — None

Nvidia Corp — None

Brocade Communications — None — Buy

Cimarex Energy — None — Buy

Options to purchase Cincinnati Bell stock — Part VII)

Vanguard Money Market Reserve — Int/Div

Vanguard Money Market Reserve — Int/Div

184. Convergys Corp. Options

184. Convergys Corp. Options — comp — stock

IRA # 4 (Formerly IRA # 5) — Int/Div

Adams Express stock — Sell

BRE Properties, Inc. REIT shares

Boeing Co. stock (sold 2/24/03 (value code K, gain

code A) and inadvertently retained on '04 report; none held

in '05)

CarrAmerica Reality Corp. REIT shares

J.P. Morgan Chase & Co. stock

code A) and inadvertently retained on '04 report; none held

197. in '05)

Eastrnan Chemical Co. stock — More

Eastrnan Chemical Co. stock — More

Equity Residential Properties Tr REIT shares

Wachovia Corp. stock

U.S. Bancorp stock

Plum Creek Timber Co. REIT shares

Hewlett Packard Co. Stock

International Business Machines stock

Lubrizol Corp. stock

Lunar Corporation stock (Exchanged for GE stock on

8/17/00 (as previously reported) and inadvertently retained

on subsequent reports)

Motorola, Inc. stock — More

RGS Energy Group, Inc. stock (Exchanged for Energy

East sotck on 7/12 /02 (as previously reported) and

mnadvertently retained on subsequent reports)

Ranger Industries, Inc. stock

Sea Containers Ltd.-A stock — Part

Sea Containers Ltd.-A stock — Part

Tyco Intemational Ltd. Stock

TCW Convertible Securities Fd. Inc. stock

Washington Federal, Inc. stock — Part

Washington Real Estate Invt. Tr REIT shares

Weyerhaeuser Co. stock

Schwab Money Market Fund

Carnival Corp. stock

Carnival Corp. stock — Sell

General Electric stock — More

General Electric stock — More

United Parcel Service Class B stock — Sell

Velocity HSI, Inc. stock

Pulte Homes, Inc. stock

Central Securities Corp. stock — Sell

Annaly Mtg Mgmt REIT shares — More

Annaly Mtg Mgmt REIT shares — Sell

Bank of America stock — More

Bank of America stock — More

Center Point Energy stock

Energy East stock

Bristol-Myers Squibb stock — More

Bunge Ltd stock

Cinergy Corp. stock

Medco Health Solutions stock

Texas Genco stock — Sell

Alliance Resource Partners LP — More

Blount Int'l Inc — Sell

Exxon Mobil Corp.

Freescale SemiConductor, Inc. Class B. — Sell

Ingersoll-Rand Co. Cl A

International Rectifier Corp. — More

252. -- Krispy Kreme Dats Corp. — Sell

Lear Corp — Sell

Nat'l City Corp — More

Neenah Paper, Inc — Sell

Piper Jaffray Cos — Sell

Lucent Technol. Warrants

Agilent Techologies — Buy

Conoco Phillips — Buy

Corporate Office Properties — Buy

Teppco Partners — Buy

John Hancock Whole Life — Int/Div

Security Financial Whole Life — Int/Div

Trustee, David A. Nelson Qualified Personal Residence Trust

Spouse's income — 1.12 — Deferred Compensation Plan distribution of shares (See Part VIII)

Section VII

_—

1 are customers of Huntington National Bank, which has offices in Cincinnati and

Cleveland, Ohio. Interest and dividend income from our Huntington accounts is reported to us in

combined statements, and the information provided in Columns B and C of this report is given on

an aggregate basis.

—

Dividends and distributions on most of the securities in IRA #1 were reinvested under a dividend

reinvestment plan.

_

All shares of Gables Residential Trust were cashed out as a result of a merger with Bulldog Properties Trust.

-_

Required minimum distributions based on 12/31/04 values of IRA #1 and IRA #2 were made

automatically, on a monthly basis, by transfer from the Vanguard Prime Money Market Fund

in IRA #2 to one of the Vanguard Money Market Funds held individually.

-—

Gains on mutual fund sales have been estimated.

wi

Certain Vanguard Prime Money Market Funds are linked to certain IRA accounts. Activity in the

latter may be reflected in the former. Income dividends and capital gain distributions on all Vanguard

funds were reinvested.

-—

The IRA identified as IRA #3 in reports for prior years was terminated in 2004. The IRAs identified in prior years' reports as IRA # 4 and IRA # 5 are

therefore designated herein as IRA # 3 and IRA # 4 respectively.

my

IRA # 4 (Formerly IRA # 5) received cash settlement on 5/9, value code B, in Lucent Technol. litigation. As previously reported, the Lucient Technol

shares had been transferred from the IRA to Brokerage Account # 2 in 2004.

wim

Minimum distribution requirements with respect to IRA # 3 and IRA # 4 were

satisfied by cash withdrawals.

-

1 carry liability insurance with USAA, a reciprocal insurance exchange. Pursuant to 16 USC Section

832(f), a portion of USAA's income is allocated to each member's Subscriber's Savings Account. |

also received two cash diswibutions in 2004.

poe

Cincinnati Bell (formerly Broadwing, Inc.) maintains a Deferred Compensation Plan for Outside

Directors, superseding a retirement plan for such directors. "Phantom shares" of Cincinnati Bell

stock are credited to each outside director's account from time to time, and the director's interest in

the account becomes vested after a prescribed period of service on the board. The value of the

account at any given point depends on the market price of Cincinnati Bell stock. On 1/2 certain

"phantom shares" were issued as actual shares, and those shares (value code K) were placed in

Brokerage Acct #2.

pos

All options to purchase Cincinnati Bell stock were underwaterat 12/31. According to a letter of

9/19/02 from the Conunittee, options that are under water at yearend are not reportable.