Paul D. Borman

Liberty Global continued — Part

Lowe's — Int/Div — Sold

Lyondell Chemical — Int/Div — Sold

Medtronic — Int/Div — More

Merck — Int/Div — Part

Newmont Mining — Int/Div — More

Novartis — Int/Div — More

Pfizer, Inc — Int/Div — Sold

Qualcomm — None — More

Reebok — Int/Div — Sold

Schlumberger — Int/Div

Stryker Corporation — Int/Div

Vodafone — Int/Div — Bought

Vodafone continued — Bought

Vodafone continued — Sold

Weyerhauser — Int/Div — Sold

Yahoo — NIWA — Bought

Yahoo continued — J

Yahoo continued

"100

Saving/Checking Account - Bank One/Chase — Interest

State of Israel Bonds — Interest

Bristol-Myers Squibb Co — Int/Div

Campbell Soup Company — Int/Div

Estee Lauder — Int/Div — Bought

H.J. Heinz Company — Int/Div

Kellogg Company — Int/Div

Merck & Company, Inc — Int/Div

JP Morgan/Chase — Int/Div

Proctor & Gamble Company (P&G) — Int/Div

Pfizer — Int/Div

Pitney Bowes — Int/Div

Northwestern Mutual Life (Retirement Account) — Interest

Teachers Insurance & Annuity Ass'n — Interest

Retirement Acct

IRA Cash Equivalent J P Morgan Bank — Interest

IRA Stock Proctor & Gamble — Int/Div

Equitable Life Ins. Company Retirement Account — Interest

Savings/Checking Account - Bank One/Chase — Interest

Abbott Lab — Int/Div — More

ALCOA — Int/Div

Allergan — Int/Div

Amer. Power Conversion — Bought

Anheuser Busch — Int/Div

Applied Materials — Int/Div — More

Applied Materials continued

Applied Materials continued

Automatic Data Processing — Int/Div — Sold

Baker Hughes — Int/Div

Campbell Soup Company — Int/Div — Part

Caterpillar — Int/Div

Cisco — None

Coca Cola — Int/Div — More

Dominion Res — Int/Div — Sold

Dentsply — Bought

EBAY — None — More

EBAY continued

Fiserv — None — Sold

General Electric — Int/Div — More

General Mills — Int/Div — Sold

Global Santa Fe — Int/Div

Heinz — Int/Div — Sold

INTEL — Int/Div — Sold

International Paper — Int/Div — Sold

IVAX/TEVA (merge) — None — Sold

IVAX/TEVA continued — Sold

Kellogg Company — Int/Div

Lamar Adv — Bought

Lamar Adv. continued — Sold

Liberty Global — Bought

Liberty Global continued — Part

Lowe's — Int/Div — Sold

Lyondell Chemical — Int/Div — Sold

Medtronic — Int/Div — More

Merck — Int/Div — Part

Newmont Mining — Int/Div — More

Novartis — Int/Div — More

Pfizer, Inc — Int/Div — Sold

Qualcomm — None — More

Reebok — Int/Div — Sold

Schlumberger — Int/Div

Stryker Corporation — Int/Div

Vodafone — Int/Div — Bought

Vodafone continued — Bought

Vodafone continued — Sold

Weyerhauser — Int/Div — Sold

Yahoo — Bought

Yahoo continued — Bought

Yahoo continued

Yahoo continued — LLC

American Express — Int/Div

Affiliated Compu Serv — None — Sold

Ameriprise Financial — Int/Div — Sold

Automatic Data — Int/Div — Sold

J P Morgan/Chase — Int/Div

Bristol-Myers Squibb — Int/Div

Boeing — Int/Div

Caterpillar — Int/Div

Cisco — None

Dell — None — Sold

Eastman Chemical — Int/Div — Sold

Fiserv — None — Sold

G.E. — Int/Div

IVAX/TEVA (merge) — None — Sold

INTEL — Int/Div — Sold

International Paper — Int/Div — Sold

Lowes — Int/Div — Sold

Maytag/Whirlpool (merge) — Int/Div — Sold

Mellon Financial — Int/Div — Sold

Merck — Int/Div — Sold

Pepsico — Int/Div — Sold

Quest Diagnostic — Int/Div — Sold

Reebok — Int/Div — Sold

Stryker — Int/Div

Zimmer — None — Sold

NONE (No reportable income, assets, or

I, Paul D. Borman, am one of a class of potential beneficiaries of the Trust. I have never received any distributions from this Trust. The Trust Assets are listed in

category VII, pages 4-5.