Procter Ralph Hug jr

Costco Companies — Int/Div — Sold

Digimark Corporation — Int/Div — Sold

Dupont — Int/Div — Sold

Eastman Kodak — Int/Div — Sold

Llan — Int/Div — Sold

FEI Paso — Int/Div — Sold

Employers Holding — Int/Div — Sold

Encrgy Conv. Devices — Int/Div — Sold

Ford Motor Notes — Interest — Sold

Franklin Unhtics — Interest — Sold

Genentech — Int/Div — Sold

Granite Construction Company — Int/Div — Sold

Hiutacht, Lid — Int/Div — Sold

Ida Corporation — Int/Div — Sold

Intel — Int/Div — Sold

International Game Technology ("IGT") — Int/Div — Sold

International Paper — Int/Div — Sold

Janus Fund — Int/Div — Capntal Gain

Janus Twentieth Century — Int/Div — Capital Gain

Janus Venture — Int/Div — Capital Gain

Leucadia Nat'l — Int/Div — Sold

Linear Technology Corporation — Int/Div — Sold

Macy's — Int/Div — Sold

Merck & Company — Int/Div — Sold

Mercury General Corporation — Int/Div — Sold

Mirant Corp. — Int/Div — Sold

Morgan Stanlcy Asia P — Interest — Sold

NCR Corporation — Int/Div — Sold

Ncuberger Bernian Fund — Int/Div — Sold

Newell Rubbermaid — Int/Div — Sold

Ncwmont Mining Corporation — Int/Div — Sold

Nuveen PFD — Int/Div — Sold

Oppenheimer Rochester Nat'l Mum Fund — Interest — Sold

Owens Corning — Int/Div — Sold

Pall Corporation — Int/Div — Sold

Peets Coffee — Int/Div — Sold

Phser — Int/Div — Sold

Regis Corporation — Int/Div — Sold

Royal Dutch Petroleum — Int/Div — Sold

Sierra Pacific Resources — Int/Div — Sold

Strats-1T. AT&T PFD — Int/Div — Sold

Time Warner — Int/Div — Sold

UAL Corp. — Int/Div — Sold

Waste Management — Int/Div — Sold

Wells Fargo Stock — Int/Div — Sold (part)

Wells Fargo Stock — Int/Div — from line 80)

Wyeth — Int/Div — Sold