James O. Browning

Corporation — NOTE @ Part Vill

Single Member LLC — NOTE! @ Part vil

NM Bank & Trust Checking/Savings — None

Rental Property #3, Albuquerque, NM (2006. $663.074) — Rent — Note 2@ Part VIII

Vacant land #2, Albuquerque, NM (2006, $900,754) — None — Note 2 @ Part VIII

Rental Property #2, Albuquerque, NM (2005, $611,855) — Rent

Fidelity Municipal Money Market (Tax Exempt) — None

Checking Account at New Mexico Bank & Trust — None

Trust #1 - Vanguard Brokerage Acct - Prime Money Market — Int/Div — Closed

Trust #1 - Treasury Bills — Interest — Closed — Note 3@ Part VIII

Trust #1 - Savings Bonds — Interest

Trust #1 (Brokerage Account at Fidelity) — NOTE 1 @ Part vii

Fidelity Municipal Moncy Market — Int/Div — Closed

United States Treasury Bills — Interest — Open — Note 3 @ Part VIII

United States Treasury Bills — Sold (part)

United States Treasury Bills — Sold (part)

United States Treasury Bills — Sold (part)

United States Treasury Bills — Sold (part)

United States Treasury Bills — Redeemed

Cash Management Account — Interest — Open

IRA #1 (Fidelity Brokerage Account) — NOTE I @ Part VI

EMC Common Stock — None — Sold

Microsoft Common Stock — None — Sold

PMC Sierra Common Stock — None — Sold

Charles Schwab Common Stock — None — Sold (part)

Charles Schwab Common Stock — Sold

Tellabs Common Stock — None — Sold

Xilinx Common Stock — None — Sold (part)

Xilinx Common Stock — Sold

Baron Small Cap Fund — None — Sold

Baron Partners Fund — None — Buy (add'l)

Dodge & Cox Intemmatl Stock Fund — Int/Div — Buy (add'l)

Mendian Growth Fund — Int/Div — Buy (add'l)

Mendian Growth Fund — Buy (add'l)

Mendian Growth Fund — Buy (add'l)

Rydex Nasdaq 100 Inv Class — None

Vanguard Int'l Growth Portfolio — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Fidelity Cash Reserves — Int/Div

Fidelity Int'l Discovery — None — Sold

Vanguard FTSE All WORLD Ex US Ind Inv — Int/Div — Buy

Vanguard FTSE All WORLD Ex US Ind Inv — Buy (add'l)

IRA #2 (Fidelity Brokerage Account) — NOTE 1 @ Part vill

AllianccBemn Global Thematic Gr A (Mutual Fund) — Int/Div — Buy (add'l)

Putnam Multi Cap Growth C1 A — None

Vanguard Total Stock Market — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Fidelity Cash Reserves — Int/Div

Baron Partners Fund — None — Buy (add'l)

Custodial Account #3 — NOTE (@ Part vil

Vanguard Total Stock Market — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Fidelity Municipal Money Market — None

Baron Partners Fund — None

Wells Fargo Advisors Scholar's Edge 529 Acct #1 — NOTE @ Part vii

Moderate Portfolio C — None

Wells Fargo Advisors Scholar's Edge 529 Acct #2 — NOTE 1 @ Part vii

Moderate Portfolio C — None — Sold (part)

Checking Account - Wells Fargo Bank — Interest

Custodian, Custodial Account #3

Director/Chairman, Chnstian Scholarship Fund

Director, Inn of the Courts

Director, Tenth Circuit Historical Society

Liability — New Mexico Bank & Trust — Mortgage on Rental Prop #3, Albuquerque, NM (Part VII, line 4). See Note 2 at Part VIII

Liability — New Mexico Bank & Trust — Mortgage on Vacant Land #2, Albuquerque, NM (Part VII, line 5). See Note 2 at Part VIII

Liability — Wells Fargo Bank — Credit Card

Spouse's income — 2011 — Sunset Mesa Schools Inc., wages

Spouse's income — 2011 — Self Employed - School Choir Director, income from students’ parents

NOTE 1 - The items listed in Section VII that have the note "See NOTE 1 @ Part VIII" in Column D(5) are headers only. The specific asscts held in that

corporation/trust/accounts are indented and listed individually following the header.

NOTE 2 - The two mortgages payable to New Mexico Bank & Trust listed at Part VI, lines 1 & 2 are in the name of the Single Member LLC (Part VII, line 2)

which is owned by the Corporation (Part VII, line 1). The mortgages are personally guaranteed

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NOTE 3 - The Trust 1 - Treasury Bills account (line 10 in Part VII) was closed April 21, 2011 and the Treasury Bills were transferred into the Trust #1 (Brokerage

Account at Fidelity) (line 12 in Part VII) and subsequent transactions are reported starting at line #14 in Part VII