David S. Tatel

Chevy Chase Bank- CD — Interest — Matured

ING Bank-savings acct(f) — Interest

ING Bank- CD — Interest

SEI Daily Income Prime Obligation CL B — Int/Div — Sold

Maryland St Dept Transn Cons Transn Rev dtd 9/15/94 5% — Interest

Starbucks Comp — None

Standard & Poors Midcap 400 — Int/Div

Federal Realty Investment Trust — Int/Div — Sale

Avalonbay Communities — Int/Div — Sale

St. Joe Company — Int/Div — Sale

Seeltem 11 — Sold

Archstone-Smith Trust — Int/Div — Sale

See Item 13 — Sold

Harford Cnty MD 4.25% 1/15/09 — Interest

American Century Global Gold Fund — Int/Div

See Item 16 — Purch

Seeltem 16 — Purch.

ISHARES Russell 2000 — Int/Div

ISHARES S&P Europe 350 — Int/Div

ISHARES MSCI Spain — None — Sold

T. Rowe Price New Asia Fund — Int/Div

Seeltem 22 — Purch

Morgan Stanley MTN Var-Cpn due 2/01/11 — Interest

Nexen Inc — Int/Div

Suncor Energy Inc — Int/Div

Eincana Corp. — Int/Div

iShares MSCI Germany — None — Sold

FHLB 5.125% due 6/18/08 — Interest

U.S. Treasury Bill due 4/26/07 — Interest — Matured

SEI Daily Income TR Treas Port CLL B — Int/Div — Purchased

Canadian Oil Sands Trust — Int/Div — Purchased

U.S. Treasury Bill 1/10/08 — None — Purchased

Simplified Employee Pension Plan (SEP-IRA) — Int/Div

Morgan Stanley MTN Var-Cpn 2/1/11

Weingarten Realty Investors Fund

CISCO Systems, Inc

Prologis

Sanofi-Aventis ADR — Sold

Syngenta AG ADR

Veolia Environment ADR

Petroleum & RES Corp

Templeton Dragon Fd Inc

FNMA 5% due 1/15/07 — Matured

U.S. Treasury Note 4.25% due 11/30/07 — Matured

Encana Corp

iShares MSC] EAFE Index Fund

FHLB 5.125% due 6/18/08

Washington Mutual Bank CD 4.8% due 3/1/07 — Maturea

First Federal Bank CD 5.1% due 5/16/07 — Matured

First Reliance Bank CD 5.45% due 7/6/07 — Matured

Spiritbank NA CD 5.15% due 9/7/07 — Matured

Morgan Stanley Bank CD 5.1% due 11/8/07 — Matured

ETFS Agriculture DJ-Aigcism — Purchased

SEI Daily Income TR Treas Port CL B — Purchased

American Int'l Group, Inc — Purchased

Constellation Brands, Inc — Purchased

Eli Lilly & Co. 93, --Diageo PLC ADR 94. --Firstbank PR CD 5.2% due 2/8/08 — Purchased Purchased

Midfirst OK City CD 5.05% due 5/23/08 96. --Central Bk MN CD 4.6% due 6/12/08 97. --Discover Bk DE CD 5.25% due 8/7/08 98. --Capmark Bank CD 5.15% due 9/5/08 99. --Haven Trust Bk CD 5% due 9/19/08 — Purchased Purchased Purchased Purchased

Lehman Coml Bk UT CD 4.8% due 10/17/08 — Purchased

Wright Express CD 4.7% due 11/14/08 — Purchased

Director, Carnegie Foundation for the Advancement of Teaching mere ————e ee ease ————— tease een eee —eeeeeeee eee

Director, Historical Society for the District of Columbia Circuit —

Reimbursement — School of Law, New York, NY

Reimbursement — The Advancement of Teaching, Stanford, CA

Reimbursement — The Advancement of Teaching, Stanford, CA

Reimbursement — The Advancement of Teaching, Stanford, CA

Reimbursement — The Advancement of Teaching, Stanford, CA — pc

Reimbursement — Society for Law & Policy, Washington, D.C

Reimbursement — The Advancement of Teaching, Stanford, CA

Reimbursement — School of Law, Stanford, CA

Reimbursement — The Advancement of Teaching, Stanford, CA — Wash., DC

Spouse's income — 2007 — Self-Employed (education consultant)