Michael M. Baylson

Salix — None — partial

Intel Corp — None

Avaya — None — partial

Bellsouth Corp. — None — sell

Motorola Inc — Int/Div — sell

Qwest Communications Intn. Inc — None — sell

SBC Communications Inc — None — merger

Verizon Communications — Int/Div — partial

Viacom Inc. Class B — None — sell

Israel State 15 Yr Dollar Current Income Bond 7th — Interest

AT&T Corp. — Int/Div

Bank of America — Int/Div

BP Plc Sponsored ADR — Int/Div

Certegy Inc — None — merger

Fidelity National Information Services — None — merger

Choicepoint Inc — None

Comcast Corp. Class A — None

Comcast Corp. Class A Special — None

Conoco Inc. Class B — Int/Div

Delphi Automotive Systems Corp — None

DuPont E.I. DeNemours & Co. — Int/Div — sell

Eastman Chemical Co. — Int/Div — sell

Eastman Kodak Co — Int/Div — sell

Equifax Inc — Int/Div

EAL Inc — None

Freescale Conductor — None — sell

General Electric Co. — Int/Div

General Motors Corp. — Int/Div

Goodyear Tire — None — sell

General Motors Corp. Class H New — None

Hudson United Bancorp. — Int/Div — redemption

International Business Machines — Int/Div

J.P. Morgan Chase & Co. Common New — Int/Div

Keycorp. New — Int/Div — partial

Lucent Technologies Inc — None — merger

Alcatel-Lucent — None — merger

MHM Services Inc — None

Motorola Inc — Int/Div — partial

NCR Corp — None

News Corporation Limited ADR New — None — sell

PNC Financial Services Corp. — Int/Div — partial

Prologis Trust SBI — Int/Div

Tele Norte Leste Participacoes ADR — None — sell

Telefonica De Espana SA Sponsored ADR — None — sell

TPI Enterprise, Inc — None

Wachovia Corp. 2nd — Int/Div

Walmart De Mexico SA Sponsored ADR — None

Western Digital Corp. Del — None

Telecommunicacoes Brasileiras SA Telebras — None — sell

Telecommunicacoes Brasileiras SA Spon ADR — None — sell

Telefonica Data Brasil Holdings Spon ADR — None — sell

Munder Funds Inc. Netnet Fund Class C — None

CMF Money Market Portfolio — None

Bestnet Communications Inc — None — merger

Oncologix Tech Inc — None — merger

Comcast Corp. Class A — None

Comcast Corp. Class A Special — None

Hudson United Bancorp. — None — redemption

Menlo Acquisitions Corp — Int/Div

Bay View Capital Corp — None — merger

Great Lakes Bancorp, Inc — None — merger

Bestnet Communications Corp — None — merger

Oncologix Tech Inc — None — merger

Cisco Systems Inc — None

CBRX — None — partial

Lucent Technologies, Inc — None — merger

Alcatel-Lucent — None — merger

Nokia Corp. ADR — partial

Oracle Corp. — sell

Qualcomm Communications — Int/Div

Rite Aid Corp.

Safeguard Scientifics Inc

Sun Microsystems Inc — partial

Worldcom Inc

Government of Israel — Interest

Advanced Reproductive Care — None

Baumrin et al Partnership — None

BC Partnership — Rent

Vanguard Star Fund — sell

Philadelphia Fertility Institute — Distribution

Pennsylvania Reproductive Assoc. — None

Clinton Endocrine Assoc — None

Fertility Testing Lab — None

Vanguard Prime Money Market Fund — None — sell

Vanguard Prime Money Market Fund — None — sell

Brandywine Mutual Fund — Int/Div — partial

MSDW UGMA Equity — Int/Div

MSDW UGMA Small Cap — Int/Div

MSDW UGMA Mid Cap Growth — Int/Div

IRA #3 - Great Western Account (now Principal) — Int/Div

Honeywell — Int/Div — sell

Washington Mutual — Int/Div

Greenspan-Baylson Partnership — Int/Div — buy/sell

Agere System Inc — None

Nortel — None

Taro — None — buy

Teva — None

BB Partnership — Interest

Zabecor — None

Planet Data Acq — None

MSDW Fixed Income — None — sell

Gabelli Asset Fund — None — sell

Planet Data Acq. Note Receivable — Interest

Schwab Adv Cash Reserve - Brokerage #1 — Int/Div — buy

DFA Emerging Mkts - Brokerage #1 — Int/Div — buy

DFA Intl Small Value - Brokerage #1 — Int/Div — buy

DFA Tax Mgd Intl Value - Brokerage #1 — Int/Div — buy

DFA Tax Mgd US Small - Brokerage #1 — Int/Div — buy

First Eagle Overseas - Brokerage #1 — Int/Div — buy

Hotchkis & Wiley Core Value - Brokerage #1 — Int/Div — buy

Janus Overseas - Brokerage #1 — Int/Div — buy

Royce Value Plus - Brokerage #1 — Int/Div — buy

Thornburg Intl Value - Brokerage #1 — Int/Div — buy

Westcore Intl Frontier - Brokerage #1 — Int/Div — buy

Schwab Value Advantage - IRA #1 — Int/Div — buy

DFA One Year Fixed Income - IRA #1 — Int/Div — buy

Adams Harkness Small Cap Growth - IRA #1 — None — buy

Brandywine Fund - IRA #1 — Int/Div — buy

DFA Emerging Mkts - IRA #1 — Int/Div — buy

DFA Intl Small Value - IRA #1 — Int/Div — buy

DFA Intl Value - IRA #1 — Int/Div — buy

DFA Intl Value - IRA #1 — M — 01/03

DFA Intl Value - IRA #1 — L — 01/03

DFA Intl Value - IRA #1 — L — 01/03

Dodge & Cox Stock - IRA #1 — Int/Div — buy

First Eagle Overseas - IRA #1 — Int/Div — buy

Hotchkis & Wiley Core Value - IRA #1 — Int/Div — buy

Janus Mid Cap Value - IRA #1 — Int/Div — buy

Janus Overseas - IRA #1 — Int/Div — buy

Morgan Stanley Emerging Mkts - IRA #1 — Int/Div — buy

Morgan Stanley Intl Eqty Fund - IRA #1 — Int/Div — buy

NB Fasciano - IRA #1 — Int/Div — buy

Royce Opportunity - IRA #1 — Int/Div — buy

Royce Value Plus - IRA #1 — Int/Div — buy

Thornburg Intl Value - IRA #1 — Int/Div — buy

Vanguard Growth Eqty - IRA #1 — None — buy

Westcore Growth - IRA #1 — Int/Div — buy

Westcore Intl Frontier - IRA #1 — Int/Div — buy

Westcore Mid Cap Value - IRA #1 — Int/Div — buy

Westcore MIDCO Growth - IRA #1 — Int/Div — buy

William Blair Intl Growth - IRA #1 — Int/Div — buy

William Blair Intl Small Cap Growth - IRA #1 — Int/Div — buy

William Blair Large Cap Growth - IRA #1 — None — buy

Schwab Adv Cash Reserve - IRA #2 — Int/Div — buy

Schwab Value Advantage - IRA #2 — Int/Div — buy

DFA One Year Fixed Income - IRA #2 — Int/Div — buy

Adams Harkness Small Cap Growth - IRA #2 — None — buy

Brandywine Fund - IRA #2 — Int/Div — partial

DFA Emerging Mkts - IRA #2 — Int/Div — buy

DFA Intl Small Value - IRA #2 — Int/Div — buy

DFA Intl Value - IRA #2 — Int/Div — buy

DFA US Large Value - IRA #2 — Int/Div — buy

DFA US Small Value - IRA #2 — Int/Div — buy

DFA US Micro - IRA #2 — Int/Div — buy

First Eagle Overseas - IRA #2 — Int/Div — buy

Hotchkis & Wiley Core Value - IRA #2 — Int/Div — buy

Janus Mid Cap Value - IRA #2 — Int/Div — buy

Janus Overseas - IRA #2 — Int/Div — buy

Morgan Stanley Emerging Mkts - IRA #2 — Int/Div — buy

Morgan Stanley Intl Eqty Fund - IRA #2 — Int/Div — buy

Morgan Stanley Trust Value - IRA #2 — Int/Div — partial

NB Fasciano - IRA #2 — Int/Div — buy

Royce Opportunity - IRA #2 — Int/Div — buy

Royce Value Plus - IRA #2 — Int/Div — buy

Thomburg Intl Value - IRA #2 — Int/Div — buy

Vanguard Growth Eqty - IRA #2 — None — buy

Westcore Growth - IRA #2 — Int/Div — buy

Westcore Intl Frontier - IRA #2 — Int/Div — buy

Westcore Mid Cap Value - IRA #2 — Int/Div — buy

Westcore MIDCO Growth - IRA #2 — Int/Div — buy

William Blair Intl Growth - IRA #2 — Int/Div — buy

William Blair Intl Small Cap Growth - IRA #2 — Int/Div — buy

William Blair Large Cap Growth - IRA #2 — None — buy

Pepco Holdings, Inc — Int/Div — sell — Part VIII

CBS Corp. (from Verizon split) — None — split

CBS Corp. (from Verizon split) — None — sell

Idearc Inc — None — spinoff/sell

Hewlett Packard — None — sell — Part VIII

AXA — Int/Div — Part VIII

Director, Conservation Center for Art and Historic Artifacts

Agreement — 2002 — Duane Morris LLP; $80,000 per year for five years, commencing in 2003

Liability — Wachovia Securities — Margin Loan

Reimbursement — Lawyers for Civil Justice — Travel expenses to New York City for Lawyers for Civil Justice Membership Conference

Reimbursement — New York Intellectual Property Law Association — Travel expenses to New York City for Annual Dinner in Honor of the Federal Judiciary

Spouse's income — 2006 — Philadelphia Fertility Institute

I wish to amend my prior reports:

1. The following stocks were acquired in prior years but were not listed due to oversight:

a. Pepco Holdings, Inc. (Part VIL, line 185).

b. Hewlett-Packard (Part VII, line 189).

c. AXA (Part VIL, line 190).