Maxine M. Chesney

Common Stock - Advanced Polymer — None

Mutual Fund - RVS CA Tax - Exempt (formerly AXP) — Interest

Bond - Calipatria CA Redev Agy — Interest

Bond - Sequoia CA Hospital District — Interest

Bank Accts., CDs - Wells Fargo — Interest

Common Stock - Intel — Int/Div

Common Stock - Sun Microsystems — None

Common Stock - Cisco Systems — None

Bond - Fremont CA Pub. Fin. Auth. — Interest

Bond - San Benito Health Care Dist — Interest

IRA - Hoefer & Amett — Int/Div

Common Stock - Amgen

Common Stock - Autozone — Sell

Common Stock - Berkshire Hathaway Hldg Co.CLB

Common Stock - KKR Fin'l

Common Stock - American Express

Common Stock - Ameriprise Fin'l

Common Stock - General Electric — Buy

Bond - N. Inyo Cnty Cal. Local Hosp. — Interest

Bond - Folsom Cal. Spl. Tax Comnty Facs. — Interest

Bond - Cal. Edl. Facs. Rev. — Interest

Bond - El Monte Cal. Pub. Fin. — Interest

Bond - Woodland Cal. Fin. Auth — Interest

Bond - Pomona Cal. Redev. Agy Tax Alloc. — Interest

Common Stock - Walmart Stores — Int/Div

Bond - Placentia CA Redev Agy Hsg — Interest

Bond - LaMirada CA Redev Agy — Interest

Bond - Montclair CA Redev Agy — Interest

Mutual Fund - Nuveen CA Dvd Adv Muni — Int/Div — Sell

Bond - Golden State CA Redev Agy — None — Sell

Bond - Cudahy CA Redev Agy — Interest

Bond - Kern Vy Healthcard Dist CA — Interest

Bond - Bell Comnty Redev Agy CA Tax — Interest

Bond - Muroc CA Jt Unif Sch Dist — Interest

Common Stock - Abbot Labs — Int/Div

Common Stock - Home Depot — Int/Div

Common Stock - Microsoft — Int/Div

Bond - CA Edl Facs — Interest

Bond - Woodland CA Commty Facs — Interest

Bond - Yuba City CA Redev Agy — Interest

Common Stock - Autozone — None — Sell

Common Stock - Reading Int'l — None

Money Market Fund - Hoefer & Arnett General Mny Mkt — Int/Div

U.S. Treasury Securities — Interest

Common Stock - American Express — Int/Div

Common Stock - Ameriprise Fin'l — Int/Div

Common Stock - Amgen — None

Common Stock - Berkshire Hathaway CL A — None

Real Estate Inves't Trust - KKR Fin'l — Int/Div — Buy

Common Stock - West America Bank — Int/Div

Bond - Plumas CA Elem Sch Dist — Int/Div

Bond - Riverside Cnty CA CTFS Partn — Int/Div

Bond - Valley Sanitary Dist CA — Int/Div

Common Stock - Berkshire Hathaway CL B — None — Buy

Corp. Bond - Clear Channel Communications — Interest — Buy

Corp. Bond - Clear Channel Communications — Sell

Common Stock - Farmers & Merchants Bank Long Beach — Int/Div — Buy

U.S. Govt Bond - Fed Home Ln Mtg Corp — None — Buy

U.S. Govt Bond - Fed Home Ln Mtg Corp. — None — Buy

Common Stock - General Electric — Int/Div — Buy

Common Stock - Oracle Corp. — None — Buy

Bond - Bakersfield CA Imp't Bd — Int/Div — Buy

Bond - Blythe CA Redev Agy — None — Buy

Bond - Chula Vista CA Redev Agy — None — Buy

Bond - Hercules CA Imp't Bd — Int/Div — Buy

Bond - Mojave Desert & Mtn CA Waste Mgmt — Int/Div — Buy

Money Market Fund - M.L. Stern CA Tax Free — Int/Div — Open

4., dg ep H= . head a =m =

Agreement — 1.02/26/93 — With SF City & Cty. Employees’ Retirement System for pension payable monthly until death, based on former employment with SF Dist. Atty.

Agreement — 10/29/05 — With State of California Judges' Retirement System for retirement benefits payable monthly until death, based on former employment as SF Superior Court Judge

Reimbursement — JAMS (Judicial Arbitration & Mediation Services) — San Diego, CA, May 4-7, annual meeting (transportation, meals)

Income — 2006 — San Francisco City & County Employees’ Retirement System - Pension — $12,268

Income — 2006 — California Judges' Retirement System - Pension — $92,640

Spouse's income — 2006 — California Judges' Retirement System - Pension

Spouse's income — 2006 — Self-employed (arbitration and mediation)

KKR Financial, listed in Section VII at line 49, is the same investment as listed in last year's report at line 64, and is more properly described as a real estate

investment trust.