James Maxwell Moody

One Bank — Interest

JAMES M. MOODY

Bank of America — Interest

Regions Bank — Interest

AR Fed. Credit Union, LR — Interest

Cash/Money Mkt. Funds — Interest

Very Special Tea Room (See Comment 1, Sec. VIII) — None

LIC:

1/2 int. El Dorado Farm — Royalty — Sell

IRA-Regions Bank, LR — Interest

Comprised of 3 mutual funds:

Janus 20 — Sell

Kaufman Funds — Sell

Janus Global Tech

STOCKS:

BH&M Oil Com. Stock — Int/Div

Morgan Stanley Com. Stock — Int/Div

Wal-Mart Stores Com. Stock — Int/Div

MUTUAL FUNDS:

Putmam Amer.Growth & Income — Int/Div

Amer.Funds AMCAP Fund — Int/Div

Fidelity Eq. Aggr. Growth — Int/Div

MSDW Competitive Edge — Int/Div

Van Kampen Comstock A — Int/Div — Sell

IShares Russell 2000 Value Fund — Int/Div

IShares Russell 2000 Growth — Int/Div

IShares Russell 1000 Gr Index — Int/Div

IShares Russell 1000 Value Index — Int/Div

IShares Russell Midcap Index Fd — Int/Div

IShares S&P Midcap 400 Value — Int/Div

IShares S&P Midcap 400 Growth — Int/Div

IShares S&P 500 Barra Val Ind — Int/Div

MUNICIPAL BONDS:

Nuveen Tax Exempt — Interest

NLR, AR School Dist. #1 — Interest

LR, AR School Dist. Ser. B — Interest

Pul. Cnty. Children's Hosp. — Interest

Heber Springs School District — Interest — Buy

GOV. BONDS:

Fed. Home Loan Mtg. Comp — Interest

CORPORATE BONDS:

General Motors — None

MANAGED FUTURES

MS Spectrum Tech — None — Buy

MS Spectrum Currency — None — Buy

ACCT A (See Comment 2, Sec. VIII):

MUNICIPAL BONDS:

Ar Dev Fin Auth SFMR — Interest

AR Zero Coupon — None

Greene Cty, AR Housing — Interest

LR, AR Baptist Medical — Interest

Pul Cnty, AR Children's Hosp. — Interest

Union Cnty, AR Housing — Interest

AR Div Fin Auth SFM SerB — Interest

Pul. AR Hlth. Fac. Catholic — Interest

UA-Fay Var Fac — Interest

AR Div Fin Auth SFM Ser B — Interest — Redeem

Bentonville, AR Schools — Interest — Redeem

West Fork, AR School Dist. — Interest

AR St Dev Fin Auth SFMR — None — Redeem

Jonesboro, AR Res Housing — None

Wynne, AR School Dist 9 — None — Redeem

AR St Dev Fin Auth SFMR — Int/Div

Drew Cty, AR School Dist. 5 — None

Rogers, AR School Dist — Interest

Brookland, AR School Dist — None

Springdale, AR School Dist — Interest

Booneville, AR School Dist — None

Heber Springs AR School District — Buy

Springdale AR School Dist. 050 — Interest — Buy

LR, AR Baptist Med Center — Interest — Buy

ACCT C (See Comment 3, Sec. VIII):

Activision, Inc. — ‘None

1ACCT-LIC:

Red River Farm — None

1ACCTS (See Comment4, Sec. VIII):

Cash/Money Market Funds — Int/Div — T8

Wyeth — Int/Div — T8

Microsoft Corp — None — T8

Fed Home Loan Mortgage — Int/Div — T8

Aetna, Inc — Int/Div — T8

Allstate Corp. — Int/Div — T8

Ambac, Inc — Int/Div — T8

Office Max (formerly Boise Cascade) — Int/Div — T8

BP Amoco (formerly BP PLS ADS) — Int/Div — T8

Bristol Myers Squibb — Int/Div — T8

Chubb — Int/Div — T8

Conoco/Phillips — Int/Div — T8

CVS Corp. — Int/Div — T8

Diamond Offshore Drilling — Int/Div — Sell

Dow Chemical — Int/Div — TS

DuPont E.I. De Nemours — Int/Div — T8

Exelon Corp — Int/Div — Sell

Federated Dept. Stores — Int/Div — T8

Halliburton Co. — Int/Div — T8

Hewlett Packard — Int/Div — T8

Intemational Paper Co — Int/Div — T8

Kroger Co — None — T8

Lexmark Int., Inc — None — T8

Limited, Inc — Int/Div — T8

McDonald's Corp. — Int/Div — T8

Nokia CP — None — T8

Altria Group — None — T8

Sara Lee Corp. — None — Sell

Schering Plough, Inc — Int/Div — T8

Schlumberger Ltd — Int/Div — T8

Scottish PWR — Int/Div — T8

Sprint CP — Int/Div — T8

TXU Corp. oo — Int/Div — T8

Verizon Communications — Int/Div — T8

Walt Disney Co. — Int/Div — T8

Wells Fargo & Co. — Int/Div — T8

Citigroup, Inc — Int/Div — T8

Flextronics — None — T8

Int'l Business Machines — Int/Div — T8

JP Morgan Chase & Co — Int/Div — T8

Kimbery Clark Corp — Int/Div — T8

Merck & Co. — Int/Div — T8

Merrill Lynch & Co. — Int/Div — T8

Public Service Ent — Int/Div — T8

Roche Holdings — Int/Div — T8

Alcoa, Inc — Int/Div — T8

Glaxo Smith Kline — Int/Div — T8

Global Santa Fe Corp. — Int/Div — T8

Jones Apparel Group — Int/Div — T8

Pfizer, Inc — Int/Div — T8

PNC Financial Services — Int/Div — C18

SBC Communications — Int/Div — T8

Unilever — None — T8

Total Fina — Buy

Total Fina (same acct as above) — Int/Div — T8

Clear Channel Comm. — Buy

Clear Channel Comm. (same acct as above) — Int/Div — T8

1ACCT6 (See Comment 4, Sec. VIII):

Johnson & Johnson — Int/Div — T8

Cash/Money Market Funds — Int/Div — T8

Dover Corp. — Int/Div — T8

Freddie Mac — Int/Div — T8

Liberty Media — None — T8

Liz Claiborne — Int/Div — T8

Markel Corp. — None — T8

MBNA Corp. — Int/Div — T8

McDonald's Corp. — Int/Div — T8

Mercury General — Int/Div — Sell

MGIC Investment Corp. — Int/Div — Ts

Morgan Stanley Dean Witter — Int/Div — T8

Pfizer, Inc — Int/Div — T8

Target Corp. — Int/Div — T8

Viacom, Inc — Int/Div — T8

Wells Fargo & Co. — Int/Div — T8

American Int'l Group — Int/Div — T8

Auto Data Processing — Int/Div — Sell

Comcast Corp. — None — T8

Costco Wholesale Corp. — Int/Div — T8

Kraft Foods, Inc — Int/Div — T8

Merck & Co. — Int/Div — T8

Microsoft Corp — Int/Div — T8

Mohawk Industries — None — T8

Waste Management, Inc — Int/Div — T8

Berkshire Hathaway — None — T8

Charter One Financial — None — Sell

First Data Corporation — None — T8

Interactive Corp. BN — None — T8

Nokia — Int/Div — Sell

Walgreen — Int/Div — T8

Willis Group Holdings — Int/Div — T8

Intuit — Int/Div — Buy

Intuit (same acct as above) — Int/Div — T8

Taiwan Semiconductor — None — Buy

Taiwan Semiconductor (same acct as above) — None — T8

Baxter, Int — None — Buy

Baxter, Int. (same acct as above) — None — T8

Fiserv, Inc — None — Buy

Fiserv, Inc. (same acct as above) — None — T8

France Telecom SA — None — Buy

France Telecom SA (same acct as above) — None — T8

Fuji Photo Film Co., Ltd. — None — Buy

Fuji Photo Film Co., Ltd. (same acct as above) — None — T8

1ACCT7 (See Comment 4, Sec. VIII):

Cash/Money Market Funds — Int/Div — T8

ABN AMRO Holdings — None — 18

America Movil — Int/Div — Sell

Archer Daniels Midland — Int/Div — Sell

BAE Systems — Int/Div — T8

Banco Bilbao — Int/Div — T8

Boeing Co. — Int/Div — Sell

Brasil Telecom — Int/Div — T8

BTGPPLC — Int/Div — T8

Deutsche Telekom — None — T8

E.on AG — Int/Div — T8

Goodyear Tire & Rubber — None — T8

Hitachi 10 Com — Int/Div — T8

Loews Corp — Int/Div — T8

Matsushita — Int/Div — T8

Merck & Co. — Int/Div — T8

Mitsubishi Tokyo — Int/Div — T8

MMO02 PLC — None — Sell

Motorola, Inc — Int/Div — Sell

Nippon Telegraph & Telephone — Int/Div — 8

Petroleo Brasileiro — Int/Div — T8

Altria Group — Int/Div — T8

Repsol — Int/Div — T8

SBC Communications — Int/Div — T8

Schering Plough Corp — Int/Div — T8

Telefonos De Mx — Int/Div — T8

ToysRUs — None — T8

Unisys Corp. — None — T8

UST Inc — Int/Div — T8

Verizon Comm. — Int/Div — T8

Waste Management, Inc — Int/Div — Sell

Xerox Corp. — None — T8

Albertson's Inc — Int/Div — T8

Alcatel Ads — None — T8

Bayerische — None — T8

Bellsouth Corp — Int/Div — T8

Centrals Elec Brasileiras (now Centrais Electricas) — Int/Div — T8

Cit Group — Int/Div — T8

Duke Energy Corp. — Int/Div — T8

Electronic Data Systems — Int/Div — T8

GlaxoSmithKline — Int/Div — T8

JP Morgan Chase & Co. — Int/Div — T8

Kroger Co — None — T8

KT Corp. — Int/Div — T8

Lucent Technologies — None — Sell

Micron Technologies — None — T8

Reuters Group — Int/Div — Sell

Safeway, Inc — None — T8

Sumitomo Mitsui — Int/Div — T8

El Paso Corp. — Int/Div — T8

Hypo Real Estate — None — Sell

ING Groep — Int/Div — T8

Koninklijke — Int/Div — T8

Lafarge — Int/Div — T8

Marks & Spencer — Int/Div — T8

Telecentro Oeste Celular — None — T8

Telecom ltalia — Int/Div — T8

Telefonica SA — Int/Div — T8

Tenet Healthcare — None — T8

Volkswagen — None — T8

1ACCT8 (See Comment 5, Sec. VIII):

ABN AMRO Holding NV — Int/Div

Aetna, Inc — Int/Div

AKZO Nobrl NV — Int/Div

Albertsons, Inc — None

Alcatel Ads — None — Sell

Alcoa, Inc — Int/Div

Allstate Corp — Int/Div — Sell

Altria Group, Inc — Int/Div

AMBAC, Inc — Int/Div

Am. Int. Group, Inc — Int/Div

BAE Systems oo — Int/Div — Sell

BP Amoco

BT Group

Banco Bilbaovizcaya — Int/Div

Banco Santander Cen — Merger

Baxter Int, Inc

Bayerische

Bell South Corp — Int/Div

Berkshire Hathaway, Inc

Office Max (formerly Boise Cascade) — Int/Div — Merger

Brasil Telecom

Bristol Myers Squibb Co — Int/Div

CIT Group, Inc — Int/Div

Centrals Elec Brasileiras

Chubb Corp. — Int/Div

Citigroup, Inc.-Sec

Clear Channel Communications

Coca-Cola Co — Int/Div — Buy

Comcast Corp. oo

Conoco Phillips — Int/Div

Costco — Int/Div

CVS Corp — Int/Div — Sell

Deutsche Telekom

Duke Energy Co. — Int/Div — Sell

Walt Disney Co

Dover Corp. — Int/Div

Dow Chemical Co — Int/Div

DuPont E I DeNemours & Co. — Int/Div

E.on AG — Int/Div — Sell

El Paso Corp.

Electronic Data Systems Corp

Fed Home Loan Mortgage — Int/Div — Sell

Federated Dept. Stores

First Data Corp.

Fiserv, Inc

Freddie Mac — Int/Div — Sell

France Telecom SA — ‘None — Sell

Fuji Photo Film Co., Ltd. — None — Sell

General Motors Corp. — Buy

GlaxoSmithKline

Goodyear Tire & Rubber — None — Sell

Halliburton Co. — Int/Div

Hewlett Pakcard Co.

Himchi Limited — Int/Div

IAC Interactive Corp.

IBM Corp. — Int/Div

ING Groep

International Paper Co.

Intuit, Inc.

J. Sainsbury

J.P. Morgan Chase & Co

Johnson & Johnson, Inc — Int/Div

Jones Apparel Group, Inc — Int/Div — Buy

Kimberly-Clark Corp — Int/Div

Koninklijke

Kraft Foods, Inc

Kroger Co — None

KT Corp. — Int/Div — Sell

Lafarge S.A — None

Lexmark Int. Group — None

Liberty Media — None — Sell

Limited Brands, Inc — None

Liz Claiborne — Int/Div — Sell

Loews Corp. — Int/Div — Sell

MBNA Corp — None

MGIC Investment Corp — Int/Div

Markel Corp. — None

Marks & Spencer — None

Matsushita Elec. Ind — Int/Div

McDonalds Corp. — Int/Div

Merck & Co., Inc — None

Merrill Lynch & Co — Int/Div

Microsoft Corp. — Int/Div

Micron Technology, Inc — None

Mitsubishi Tokyo Fin. Group, Inc — None

Morgan Stanley Dean Witter — Int/Div — Sell

Mohawk Ind., Inc — None

Neenah Paper, Inc — None

Nippon Telegraph & Telephone — Int/Div — Sell

Nokia Corp — None

Office Max, Inc

PNC Bank

Petroleo Brasileiro SA

Pfizer, Inc — Int/Div

Portugal Telecom

Public Service Ent. Group, Inc — Int/Div

Repsol SA

Roche Holding, Ltd

Safeway, Inc — None — Sell

SBC Communications, Inc — Int/Div

Schering Plough Corp. — Int/Div

Schlumberger, Ltd.

Scottish Power — Int/Div

Sprint CP — Int/Div — Sell

Sumitomo Mitsui

TXU Corp.

Taiwan Semiconductor Mfg

Target Corporation — Int/Div — Sell

Telecentro Oeste Celular

Telecom Italia

Telebras

Telefonica de Espana SA — Int/Div

Telefonos de Mexico

Teleleste Celular

Telesp Celular

Tenet Healthcare Corp

Tim Participacoes — Merger

Total SA

ToysRUs — ‘None — Sell

UST, Inc

Unilever NV — Int/Div

Unisys Corp.

Verizon Comm. — Int/Div — Sell

Viacom, Inc

Volkswagen AG

Walgreen Co — Int/Div

Washington Mutual, Inc — Int/Div — Buy

Waste Management, Inc — Int/Div — Sell

Wells Fargo & Co — Int/Div

Wyeth — Int/Div

Xerox Corp.

Daimler Chrysler AG

Global Santa Fe Corp

Willis Group Holdings, Ltd.

Flextronics Int., Ltd.

2ACCT1 (See Comment 6, Sec. VIII):

MONEY MARKET:

Money Trust — Int/Div

STOCKS:

Chevron Texaco — Int/Div

Intel — Int/Div

First Horizon National Corp. (formerly First Tenn National) — Int/Div

Sun Trust Banks — Int/Div — Sell

American Intl. GP — Int/Div — Sell

General Electric Co. — Int/Div

Pfizer, Inc — Int/Div

Duke Energy Corp. — Int/Div — Buy

Sotheby's Holding, Inc — None — Buy

MUTUAL FUNDS:

2ACCT2 (See Comment 6, Sec. VII):

MONEY MARKET:

MSDW Liquid Asset — Int/Div

STOCKS:

Fedex Corp. (FDX) — Int/Div

Intel — Int/Div

United Parcel Service — Int/Div — Sell

General Electric — Int/Div

Kraft Foods — Int/Div — Sell

Mattel, Inc — None — Sell

Qualcomm, Inc — Int/Div

Ultra Petro Corp. — None — Sell

Wal Mart Stores — Int/Div

Yahoo, Inc — None

JP Morgan Chase & Co — None — Sell

Amer. Healthways — None — Buy

MUTUAL FUNDS:

MDSW Flexible Income Trust B — Int/Div — Sell

2ACCT3 (See Comment 6, Sec. VIII):

MONEY MARKET

STOCKS:

Oracle Corp. — None — Sell

Cisco — ‘None

Dell Computer — None

General Electric — Int/Div

Microsoft — Int/Div

Carrier — None

Morgan Stanley Dean Witter — Int/Div

Dominion Res. — Int/Div

Lyondell Chemical — Int/Div

MUNICIPAL BONDS

Brazos Cty. Health Facs — Interest

Harris Cty. Health Facs. — Interest

Harris Cty. GO — Interest

Tarrant Cty. Health Resources — Interest

MUTUAL FUNDS

MSDW Tax Exempt — Int/Div

2ACCT4 (See Comment 6, Sec. VIII):

MONEY MARKET

MSDW Liquid Asset Fund — Int/Div

STOCKS:

MUTUAL FUNDS:

IShares Russell 2000 Value — Int/Div

IShares Russell 2000 Growth — Int/Div

IShares Russell 1000 Growth — Int/Div

IShares Russell 1000 Value — Int/Div

IShares Russell Midcap Value — Int/Div

Ishares S&P Midcap 400 Value — Int/Div

Shares S&P Midcap 400 Growth — Int/Div

IShares S&P 500 Barra Value — Int/Div

): Trustee, Residuary Trust

Agreement — #4 dts SLs AAV thao TT Ll on % iT SE

Spouse's income — 1: 2004 — Tutoring

COMMENT 1:

No assets -- retaining public rights only.

COMMENT 2:

ACCT A: Managed by Stearne Agee & Leach.

COMMENT 3:

ACCT C: Managed by Morgan Stanley Dean Witter.

COMMENT 4:

1ACCTS5, 6,7: Managed by Morgan Stanley Dean Witter. Accounts were closed on 8/25/04 and assets transferred into "1ACCT8"

managed by EDI Financial, Inc. NOTE: Under Col. D-1, the legend indicating these transfers is "T8".

COMMENT 5:

1ACCTS:

Managed by EDI Financial, Inc.

COMMENT 6: 2ACCT1,2,3,4: Managed by Morgan Stanley Dean Witter.