William J. Rea

3M — Int/Div

BPPLC — Int/Div — Sale — 7/2 AND 10/26

BAXTER INT. INC — Int/Div

BOEING CO — Int/Div

CALIF. WATER SVS GP — Int/Div

CALAMOS STRATEGIC TOTAL RETURN — Int/Div — BUY

CHEVRON TEXACO CORP — Int/Div — SALE — REC I’

CISCO SYSTEMS — None

DOMINION RES. — Int/Div

WALT DISNEY — Int/Div

EATON VANCE TAX GLOBAL FUND — Int/Div — E — ON 6/4

EATON VAN TAX ADVANTAGE GLOBAL DIV FUND — Int/Div — E — DIV SOLD ON 6/4

EATON VANCE TAX ADVANTAGE GLOBAL DIV FUND — Int/Div — E — DIV SOLD ON 6/4

DOW CHEMICAL — Int/Div — SALE — SALE

EIFIST EXCH AT&T — Int/Div

EXXON MOBIL CORP — Int/Div — SALE — PARTIAL

FLORIDA POWER AND LIGHT — Int/Div

GENTEC INC. BR — None

INTEL CORP — Int/Div

IBM — Int/Div

JOHNSON & JOHNSON — Int/Div

KONIKL PHILN — Int/Div

MATTEL, INC — Int/Div — SALE

MERCK & CO — Int/Div — SALE — ON 6/4 AND 10/21

PEOPLE ENERGY CORP — Int/Div

PEPSICO, INC — Int/Div

RAYTHEON CO — Int/Div — BUY

SPRINT CORP PCS SRI — None — GE — PCS - SPRINT CORP

SPRINT CORP COM -SBC — Int/Div

DEAN FOOD CO — Int/Div — 1. — ON 1021 FOR 14K

SBC COMM INC — Int/Div — SALE

PFIZER — Int/Div — SALE — PARTIAL

VERIZON — Int/Div

VIACOM CLB — Int/Div

WALGREEN CO — Int/Div

WALMART — Int/Div — SOLD — SALE

SARA LEE CORP — Int/Div — BUY

LUCENT TECH., INC — None — SALE

JOHN HANCOCK HEALTH SCIENCES CLC — Int/Div

M/L GLOBAL ALLOCATION — Int/Div

M/LHEALTHCAREFD — None

ML MERCURY US SMALL CAP — None

ML CALIFORNIA INSUREDMUNBDC — Interest

M/L. BANKERS DPOSIT PROGRAM - CASH — Interest

CA HEALTH FACILITY — Interest — SALE — PARTIAL

SAN FRANCISCO CITY -CA — Interest

TOLUCA LTD PARTNER — Rent

COCA COLA #1 — Int/Div

BELLSOUTH 's3. SBCCOMMUNICATIONS DUKE ENERGY 60. EXXON MOBIL CORP #1 6. VERIZON#1 — Int/Div — SALE SALE

PFIZER INC DEL — Int/Div — SALE

VODA FONE#1 ‘64. AGERE SYSTEMS "65. MI/L CALIF MUNI BOND A #1 66. US TREASURY BOND 6. M/LBANKUSA#1 68. MIL SMALL CAP #1 NOW CALLED VALUE OPPORT ! JOHN HANCOCK HEALTH #1 — Interest — SALE

MS - LIQUID ASSET FUND — Int/Div

TCW/DW TERM TRUST 2003 - MS — Int/Div

US TREASURY SERIES HH/H -MS — Interest

BENICA CA UNI SCH DIST -MS — None

LAS VIRGENSES CA UNI SCHDIST -MS — None

MONTEBELLO CA UNI SCH DIST - MS — None

PALOS VERDES PENINSULA CA - MS — None

CENTER UNI SCH DIST CA RFDG - MS — None

SAN JOAQUIN HILLS CA TRANSN CORRIDOR MS — None

BERRYESSA CA SCH DIST ELECTION OF 1999 - MS : — None

FOOTHILL DE ANZA CA CMNTY COLLEGE DIST - MS — None

HACIENDA LA PUENTE CA UNI- MS — None

SAN BERNARDINO CA CITY UNI - MS — None

LORD ABBETT BOND FUND #2 — Interest — SALE

LORD ABBETT BOND FUND #1 — Interest — SALE

SAN JUAN CA CTR DIST — Interest

CONOCOPHOILLIPS — Int/Div — SALE — PARTIAL

AMERICAN CAPITAL INCOME BUILDER — Int/Div

NICHOLAS APPEGLATE CONV AND INCOME — Interest — SALE — SOLD 9/9 & 10/21

MUNI INTERMEDIATE DURATION FUND — Interest — SALE — ON 6/4, 6/26 AND 6/30

ML CA INSURANCE MUNIC #1 — Interest

WASHINGTON MUTUAL — Int/Div — SALE

NATIONAL COMMERCE FIN — Int/Div — SALE

S.CA REG WSTWTR — Interest

PFIZER INC — Int/Div — BUY

GML LARGE CAP CORE — Int/Div — BUY

ALLIANCE CAP MGM — Int/Div — BUY

ML CAL INS MUNI BOND — Interest — BUY

PIMCOREV RETURN — Int/Div — BUY

CONSTELLATION ENERGY GROUP — Int/Div — BUY

CONOCOPHILLIPS — Int/Div — BUY

ML LARGE CAP CORE — None — BUY

CALAMOS STRATEGIC — Int/Div — BUY

CALAMOS STRATEGIC — Int/Div — BUY

CALAMOS STRATEGIC — Int/Div — BUY — REINVEST

HSBC HOLDING — Int/Div — E — ON 1221

S&P 500 GEARED FUND — Int/Div — BUY

FLORIDA POWER LIGHT — Int/Div — BUY

GENENTECH INC — Int/Div — BUY

MONSANTO — Int/Div — BUY

EATON VANCE TAX ADV — Int/Div — BUY — REINVESTED

EATON VANCE TAX ADV #1 — Int/Div — E — ON 6/4

CALOMOS STRATEGIC #1 — Int/Div — BUY — DIV REINV

ML LARGE CAP #1 — None — BUY

CALVERT INCOME FUND #1 — Int/Div — BUY

PIMCO#1 — Int/Div — BUY

AMERICAN CAPITAL INCOME BUILDER #1 — Int/Div — BUY

EL RANCHO BOND - MS — None — BUY — HAVE BUY DATE

PALM SPRINGS BOND - MS — None — BUY — HAVE BUY DATE

UBS CASHFUND — Int/Div — BUY

MEN'S ADVISORY COUNCIL, ASSITANCE LEAGUE OF S. CALIFORNIA (NON PROFIT)

Income — 12/31/04 — THE RUTTER GROUP - CO AUTHORSHIP ROYALTIES — fii Wt. JR Ss, 2,500

(Indicate part of Report.) .

PART VII COLUMN B-2 TYPE OF INCOME

LINE 58-60

THESE INVESTMENTS ARE FROM PARTNERSHIP INVESMTENT IN REAL ESTATE