Frederic Block

MONEY MARKETS

ALLIED CAPITAL CORP — Int/Div

FLEETBOSTON FINL CORP — Int/Div — sell

DNP SELECT INCOME FD INC — Int/Div

DOW CHEMICAL — Int/Div — buy

DOW CHEMICAL (1) — Int/Div — buy

NORTHFORK BANCORP (1) — Int/Div

PRUDENTIAL FINANCIAL INC — Int/Div — buy

GENERAL ELECTRIC (1) — Int/Div

CHEVRON CORP.(1) — Int/Div

USA EDUCATION INC.(2) — None — abandoned

HOME DEPOT — Int/Div

ALLIED CAPITAL CORP(1) — Int/Div

FLEETBOSTON FINL. CORP.(1) — Int/Div — sell

DNP SELECT INCOME FD INC.(1) — Int/Div

WAL-MART STORES — Int/Div

PROCTOR & GAMBLE — Int/Div

MICROSOFT CORP. — Int/Div

MUTUAL FUNDS

BLACKROCK INCM TR INC.(1) — Int/Div

VAN KMPN SENIOR TR(1) — Int/Div

BLACKROCKINCM TR INC — Int/Div

BLACKROCK NY MN I TR SBI — Int/Div

VAN KMPN SENIOR INCM TR — Int/Div

CORPORATE BONDS

KIMCO REALTY CORP. DEP SHR REP 1/10 CUM RD 6.65% PFD SHR(I) — Interest — buy

SO.CA.EDISON 7.25 3126 — Interest

CITIGROUP CAPITAL VII DEF INT TRUST PFD STK 6.950% 09/15/31 — Interest

GENERAL MOTORS ACEP CORP.PUBLIC INC NOTES 7.35% 08/08/32 — Interest

GENERAL ELECTRIC CAPTL SENIOR NOTES PFD 5.875% 2/18/33 — Interest — buy

GENERAL ELECTRIC CAPTL SENIOR NOTES PFD 5.875% 2/18/33 (1) — Interest — buy

VIRGINIA POWER CAP TR II GTD TR PFD SECS 7.375% 07/30/42 — Int/Div

BGE CAPITAL TRUST I DEF INT TR 7.160% 6/30/38(1) — Interest — sell

PENN ELEC CAPITAL TRUST DEF INT TR 7.34% SET 01 203%(1) — Interest

CITIGP CAPITAL VIII DEF INT TRUST PFD STK 6.950% 09/15/31(1) — Interest

GENERAL MOTORS ACEP CORP. PUBLIC INC NTS 7.35% 08/08/32(1) — Interest

VIRGINIA POWER CAP TR II GTD TR PFD SECS 7.375% 07/30/42(1) — Int/Div

CONAGARA CAPITAL. LC ADJ RT CUM 7.06% PFD SR B(1) - ~ . — Int/Div — sell

MUNICIPAL BONDS

METRO TRANSIT 5.75 7/13 — Interest

NYC IND DEV 6.0 1/15 — Interest

NYCGO6.005/15 — Interest — sell

NYCNY SER H5.0003/15/29(}) — Interest

NYC GO SER A 6.25 8/19 — Interest — sell

NYC GO SER E 6.00 5/16 — Interest

ANNUITIES

MONEY MARKET

MERRILL LYNCH BANK USA — Interest

MERRILL LYNCH BANK & TRUST — None

ALGER CAPITAL APPRECIATION CL.B (4) — None

SELIGMAN COMM. & INF.FDCL A (4) — None

IRA - F. BLOCK

ALLIED CAPITAL CORP. NEW — Int/Div

DOW CHEMICAL — Int/Div — buy

ENTERGY CORP. NEW — Int/Div — buy

ISHARES TRUST DOW JONES SELECT DIVID INDEX FD — None — buy

GEORGIA PWR CAP TRUST V DEF INT TR PFD 7.125% 03/31/42 — Interest — buy

GENERAL ELECTRIC CAPTL SENIOR NOTES PFD STK 5.875% 2/18/33 — Interest — buy

MORGAN STANLEY CAP TR V DEF INT TR PFD 5.75% 7/15/33 — Interest — buy

NEWSCORP OVERSEAS LTD FFR SHR PFD CUM GTD SER A 8.625% — Interest — buy

AT&T CORP. BONDS — Interest

ENCANA CORP. PFD STK 9.5% — Interest — buy

LEHMAN BROS CAP TRUST I DEF INT TR ORIG PFD 8.00% 03/31/48 — Interest — buy

NM GENERAL MTRS ACCPT BE 11DEC02 15DEC0S — None

HERTZ CORP. NOTES 7.4% 03/0111 — Interest

BEAR STEARNS CO. PRD STK 5.490% — Int/Div

ESPIRITO SANTO OVS LTD. PRD NON CUM SR AB8.5% — Int/Div — sell

FREDDIE MAC PFD NON-CUM STOCK 5.00% — Int/Div

HOUSEHOLD INTL INC. DEP SHR=1/40 SR2001 A 7.5% CUM PFD — Int/Div — sell

BGE CAPITAL TRUST IDEF INT TR ORIG PFD SECS — Interest

INTL PAPER CAP TST Il DEF INT QTR INC CAP SEC 7.875% 12/38 — Interest

SEARS ROEBUCK ACCEP CORP. SR NOTES 6.95% 10/23/38 — Interest — redeem

AETNA INC. SR NOTES 8.5% 08/31/41 — Interest

PENN ELEC CAPITAL TR DEF INT RE ORIG PFD SECS 7.34% 09/01/39 — Interest

ALBERTA ENERGY SR SUB PFD SECURITIES 9.5% 09/30/48 — Interest — sell

VIACOM INC SR RETAIL DEB 7.25% 06/30/51 — Interest

CITIGROUP CAPITAL VIII DEF INT TR PFD STK 6.95% 09/15/31 — Interest

WELLS FARGO TR VI TRUST PFD SEC 6.95% 04/15/32 — Interest

GENERAL MOTORS ACEP CORP. PUBLIC INC NOTES 7.35% 08/08/32 Rr: ou. - — Interest

VIRGINIA POWER CAP TR II GTD TR PFD SECS 7.375% 07/30/42 — Interest

CONAGARA CAPITAL LC ADJ RATE CUM 7.06% PFD SER B — Int/Div — sell

EVERGREEN MANAGED INCOME FUND — Int/Div — buy

HANCOCK JOHNINC. ST SBI — Int/Div

MERRILL LYNCH BANK USA RASP — Interest

MISCELLANEOUS

BANK OF SMITHOWN — Interest

WASHINGTON MUTUAL — Interest

Officer, Frederic Block, P.C. ——— A ————————————————————————————i——————.

Spouse's income — 2003 — NEW YORK TEACHERS' RETIREMENT

PART VII- LINE 59 - Last year line 148, was a partial sell last year, not complete sell.

PART VII-LINE 60 - Last year line 149, was a partial sell last year not complete sell.