Lynn Nettleton Hughes

ang s*sesss — Spice — ee — sks

Tract One, grazing, Colarado County, Texas — Rent — farmer

Tract Two, nice, Colorado & Wharton Counties, Texas — Rent — farmer

Tract Three, store, Colorado County, Texas — None — Vacant

5 RA Ong ***eses — DR — 3 Th 2h

Alliance Bernstein Tech — Diastributi — added Bernstein

Jennison 20/20 Focus — None — ex-Pru

Van Kampen Emergmg Markets — None — ex- Asian

JRA Two *oo054ss — EU, — Ls rH — 1221

Strategic Parthers Oppor. MCV — Distribution

Egquites One **+* — SSeS — 2d: — dich

Sun Micro — Nope

Prosperity Bancshares — Int/Div

Unocal — Int/Div

Wells; Fargo & Co — Int/Div

Equitics Two ****ee+ — i — d dl — ofc]

Wells Fargo & Co — Int/Div

Ea seeees — A tiht — td — sass

UBS Pace Global Income — Distribution — Evioved

UBS High Income — Distribution — Evolved

TXU Corp — Int/Div

UBS Cashfimd — Interest — one

Putnam Global Equity — Distribution — Found — asset

Mi utual Funds One ***%*** — a — Threc**

AM Itemnomal Growth — Distribution

ING Fmancml — Distribution — Pilgnm Bank

Belmar Capital Fund LLC — Distribution

Jennison Equity Opportumity — Distribution

AIM Basic Valve — Distribution

Jennison US Emerging Growth — None — ex-Pru

Pioneer — Distribution

Smith Bamey Aggressive Growth — None

AIM Developing Markets — Distribution

ING Large Cap Growth — None

AIM Asia Pacific — None — Pacific Growth

Bell County, Texas — Interest

Cinco, Texas Mun Util Dist — Interest

Hays, Texas, ISD -2 — Interest

Denver Airport - 2

Illinois Health - 2 — inkTest — Bought — value sale 8/2, no gain,

Hays, Texas ISD — Interest

Idaho Housmg — Interest

Waller, Texas, ISD

Maine 2000 — Interest — Bought

Minerals ¥ee++* — SR — Five**

Mi03 — Royalty — Minerals

Mi-04 — Royalty — Energy

MII) — Royalty — now Prod Gather SJ

Mi-106 — Royalty — Silver now Blue Door

Mi-17 — Royalty — Resonrees

MI-19 — Royalty — now Gensis

Mi=21 — Royalty — Oil

M22 I — Royalty — toergy

MI-30 N — Royalty — Oil Clay

Mi-31 — Royalty — Oil Shier

MI-33 — Rent — LEase — Land Co.

Mi-34 — Royalty — Shut — Kaiser-Francis

Money Market Funds *** — xsi

Wachovia — Interest — One

Bank Accoutts #eeeee* — oJ — SES

Bank of Amenca — Interest

Bank One/JPMorgan-Chase — meres — Merger

Compass Bank - T

Conpass Bank - G — Interest

Conmpass Bank - P oo — Interest — account

WellsFargo — Interest

hadaasad ol" Rage ciad — End w+

bod ¥7' Ranosans — ots — Heike — i &-A0

Tract One, grazing, Colorado County — Rent — farmer

Tract Two, rice, Colorado & Wharton Counties — Rent — farmer

Tract Three, store, Colorado Cowity — None — Vacant

RA Ong **#ss%s — all — 2 = ct] — hihd

Alliance Berus¥an Tech — Distribution — added Bernstein

Jemison 20/20 Focus — None — ex-Pru

Van Kampen Emerging Markets — None — ex- Asian

RA Two *eassiss — std — 13] — ted

Strategic Partners Oppor. MCV — Distribution

Equities One ***++ — se — oC — sted

Sun Micro — None

Prosperity Bancshares — Int/Div

Unocal — Int/Div

Wells Fargo & Co — Int/Div

Equities Two **eser* — eh — lL E

Wells Fargo & Co — Int/Div

Estaig $4058 - — sess — att — ssbdhsh

UBS Puce Global Income — Distribution — Evioved

UBS High Income — Distribution — Evolved

TXUCorp — Int/Div

UBS Cashfund — Interest — one

Putoam Global Equity — Distribution — Found — asset

Mumal Funds One ******* — td lh — Three**

AIM lntermational Growth — Distribution

ING Financial — Distribution — Pilgnm Bank

Belmar Capital Fund LLC — Distribution

Jenmison Equity Opportunity — Distribution

AIM Basic Value — Diastnbuti¢

Jennison US Emerging Growth — None — ex-Pra

Pionesr — Distribution

Stith Bamey Aggressive Growth — None

AIM Developing Markets — Distribution

ING Large Cap Growth — None

AIM Asia Pacific — None — Pacific Growth

Mutual Funds Two **¢+** — Ne

Allianee Banstaan Biotech — Distribution

Delaware US Growth — None

Delaware Imarmabonal Equity — Distribution — Global

Delaware Trend — None

Van Kampen Emargng Markets — None — Latin America

DelawareDecatur G&1 Large Cap Value — Distribution

Delaware Sam Cap Value — Dsmbution

Jennison Equity Opportunity — None

Govament Bonds ***+*%¢ — stds — SE3939¢ — SESS

West University Place, 1996s — Interest — Matured — Pamsl

Copperas Cove, Texas — Interest — Matured

Harris Cousty MUD 151 — Interest

Austin Utilities — Interest

Weld County, Colorado, Schools — Interest

Adams County, Colorado, Schools — Interest

Round Rock, Texas, ISD — Interest

Anaona Student Housing — Interest

Bell County, Texas — Interest

Cinco, Texas Mun Util Dist — Interest

Hays, Texas, ISD -2

Denver Airport -2 — Interest

Illinois Health - 2 — Interest — Bought — value sale 8/2, no gain,

Hays, Texas ISD

idaho Hoasmg

Waller, Texas, ISD

Maine 2000 — Interest — Bought

Migerals hadadans — MHA — 28838380 — Five**

M03 — Royalty — Minerals

Mi-04 — Royalty — Energy

Mi-10 — Royalty — now Prod Gather SJ

Mi-16 — Royalty — Silver gow Blue Door

MI-17 — Royalty — Resources

MI-19 — Royalty — now Gensis

MI-2] — Royalty — Oil

MI-22 — Royalty — Energy

MI-30 — Royalty — Oil Clay

MI-31 — Royalty — Ol Shier

MI-33 — Rant — Lease — Land Co.

MI-34 — Royalty — Shut — Kaiser-Francis

Moncy Market Funds *** — 294%

Wichovia — Interest — One

Bank Accounts ¥*#+++* — sees — sees

Bank of Amenica

Bank One/JPMorgan-Chase — Merger

Compass Bank - T — Interest

Campass Bank - G — Interest

Compass Bank - P — Interest — account

Wells Fargo — Interest

Ladaaaad Ul Rasaas as — End ***

MI-30 — Royalty — Oil Clay

M31 — Royalty — Oil Shier

M31 — Rent — Lease — Land Co.

Mi-34 — Royalty — Shut — Kaser-Francis

Money Market Funds *** — othe

Wachovia — One

Bank Accoufils $ssss¢s — seeks — 21 33

Bank of America

Bank Ope/JPMorgan-Chase — Interest — Merger

Compass Bank - T — Interest

Compass Bank - G — Interest

Compass Bank - P — Interest — account

Wells Fargo

FEEERE Ep] SSVI — Eng **+

Agreement — Geo. Mason Univ. Law & Economics Ceuter — Seminar, Santa Fe, travel, lodging, board, Sept 11-14 ——————————— A ——————————————————————————————"

Liability — Compass Bank — Beds Ria Of

Ca

tees AI OS

Note One: (Cash balances in brokerage accounts bear interest at the broker's money market rate.

Note Two: Capital gains distributions in mutual funds are automatically reinvested.

Note Three; To the extent that the names of mutual funds on this year's report do not match earlier reports, it is only a consequence of a series of confusing

names changes and mergers. Other than the partial excange reported on line 56 last year, these are the funds bought in 1996 and re-allocated in 1999. Although

1 may have been able to vote on the merger or evolution of the fund, I was not able to control the nature or timing of the transactions.

Note Four: The five manicipal bond transactions were the only securities transactions in any account.

Note Five: Operators of mineral interests change by agreement between themselves without control by the royalty owner at ail.