John F. Walter

Fredric/cs Fund I — Distribution

Fredncks Fund II — Distribution

Fredricks Fund IV — Distribution

Shares of AT&T — Int/Div

Shares of Bell South — Int/Div

Shares of Lucent — Int/Div

Shares of Crwest Intl. — Int/Div

Shares of SBC Communications, Inc — Int/Div

Shares of VodaFone — Int/Div

Charles Schwab Money Market — Interest

Vanguard Moncey Market — Interest

T. Rowe Price Money Market — Interest

Vanguard GNMA Fund — Interest

Vanguard Cal Insured Fund — Interest

Vanguard 500 Index Fund — Int/Div

Vanguard Intl Growth Fund — Int/Div

Vanguard Total Stock Market Fund — Int/Div

Janus Olympic Fund — Int/Div

Schwab 1000 Fund — Int/Div

IRA - Charles Schwab - Century Business Services — Int/Div

IRA - Charles Schwab - Nasdaq 100 Trust — Int/Div

IRA - Charles Schwab - Schwab 1000 Fund — Int/Div

IRA - Charles Schwab - Schwab Money Market Fund

IRA - Charles Schwab - NASDAQ 100 — Interest

IRA - Charles Schwab - Schwab Money Market Fund — Interest

Walter, Finestone & Richter Profit Sharing Plan — Interest — 0 TA — Rollover Ira

Vanguard Rollover IRA - Prime Money Market Fund — Interest — Xam W?

Northern Trust Bank — rol:

California National Bank — Interest — Closed

Wells Fargo Bank — Interest

Alliance Growth Income — Int/Div — Sold

Baron Small Cap — Int/Div

GMO Growth Fund - Class M — Int/Div

Rydex OTC - Inv — Int/Div

1 Rowe Price European Stock Fund — Int/Div

Tweedy Brown Global Value oo — Int/Div

Black Rock Municipal Fund Cash Reserve Shares — Interest

Strong Ultra Short Term Mumi Inc. Fund — Interest — Sold

Baron Growth Fund — Int/Div

Villa Camanllo, Itd. — Distribution

Villa Camarillo 168 Ltd. — Distribution

AGERE Systems — Int/Div

Comcast Corp. — Int/Div — Buy

Fidelity Advisors Equity Income — Int/Div — Buy

Federared Max. Cap. Investor Class Shares — Int/Div — Buy

Vanguard Total Stock Market Admiral Shares — Int/Div — Buy

1Bond — Interest — Buy

(Indicate part of Repaat)

VIL Investments and Trusts

Fractional Share of AT&T Wireless - deleted from this report. The fractional share

should not have been included on prior reports becanse it was disposed

of in 2001 (line 12 of the 5/12/03 report).

Shares of Avaya - deleted from this report. These shares should not have been included on prior report because shares were disposed of in 2000 (line 5 of

the 5/12/03 report).

Comcast - inadyzienitly omitted from 2002 report (line 45 of the 5/12/03 report).