William H. Pauley 3

COMMON STOCKS

EXXON/MOBIL — Int/Div

AXA AMERICAN DEPOSITORY SHARES — Int/Div

PRUDENTIAL FIN'L SRVS — Int/Div

IBM — Int/Div

MUTUAL FUNDS

AIM SM CAP EQUITY FUND CL B (SMEBX) — Int/Div — Conversion

AIM SM CAP EQUITY FUND CL A (SMEAX) — Conversion

AIM SM CAP EQUITY FUND CL A (SMEAX) — Int/Div — Sell

ALGER FD BAL PORTFOLIO (ALGBX) — Int/Div — Conversion

ALGER FD BAL PORTFOLIO CL A (ALBAX) — Int/Div — Conversion

ALLIANCE FOCUSED GROWTH INCOME CL A (ADGAX) — Sell

DAVIS NY VENTURE FUND CL A (NYVTX) — Int/Div

DRYDEN TOTAL RETURN BOND FUND CL A (PDBAX) — Int/Div

DRYDEN ACTIVE ALLOCATION FUND CL A (PIBAX) — Int/Div

DRYDEN INTL EQTY FD CL A (PJRAX) — Int/Div

DRYDEN STOCK INDEX FUND CL A (PSIAX) — Int/Div — Sale

DRYDEN SM CAP CORE EQTY FD CL A (PQVAX) — None

FEDERATED INTERNATIONAL VALUE FUND CL B (FGFBX) — Int/Div — Conversion

FEDERATED INTERNATIONAL VALUE FUND CL A (FGFAX) — Int/Div — Conversion

GOLDMAN SACHS MID CAP VALUE FUND CL B (GCMBX) — Int/Div — Conversion

GOLDMAN SACHS MID CAP VALUE FUND CL A (GCMAX) — Conversion

GOLDMAN SACHS MID CAP VALUE FUND CL A (GCMAX) — Int/Div — Sale

J. HANCOCK US GLOBAL LEADERS GROWTH CL A (USGLX) — Int/Div

JENNISON NATURAL RESOURCES FUND CL A (PGNAX) — Int/Div — Sale

JENNISON FIN SERVS FD CL A (PFSAX) — Int/Div — Sale

JENNISON FIN SERVS FD CL A (PFSAX) — Sell

JD MODERATE ALLOCATION FD CL A (JDTAX) — Buy

JENNISONEQTY OPP CL A (PJIAX) — Int/Div — Sell

JENNISON UTILITY FUND CL A (PRUAX) — Int/Div

JENINSON SMALL CO.FUND CLASS A (PGOAX) — Int/Div

DRYDEN STRATEGIC VALUE FUND CL A (SUVAX) — Int/Div

PUTNAM HEALTH SCI TRUST CL B (PHSBX) — None — Conversion

PUTNAM HEALTH SCI TRUST CL A (PHSTX) — None — Conversion

PUTNAM HEALTH SCI TRUST CL A (PHSTX) — None — Sell

PUTNAM SM CAP VALUE CL A (PSLAX) — Int/Div — Sell

SELIG LASALLE DIVIDEND REAL ESTATE FUND CL B (SREBX) — Int/Div — Conversion

SELIG LASALLE DIVIDEND REAL ESTATE FUND CL A (SREAX) — Conversion

SELIG LASALLEDIVIDEND REAL ESTATE FUND CL A (SREAX) — Int/Div — Sale

SELIG LASALLE DIVIDEND REAL ESTATE FUND CL A (SREAX) — Int/Div — Sell

SELIG INCOMEAND GROWTH CL A (SINFX) — Int/Div — Conversion

SELIG SM CAP VALUEFD CL B (SSCBX) — Int/Div — Conversion

SELIG SM CAP VALUEFD CL A (SSCVX) — Int/Div — Conversion

SELIG FRONTIER FUND CL B (SLFBX) — Int/Div — Conversion

SELIG FRONTIER FUND CL A (SLFRX) — Conversion

ANNUITIES

DISCOVERY PLUS — Interest

CASH AND CASH EQUIVALENTS

JP MORGAN CHASE — Interest

U.S. TREASURY BILLS — Interest — Buy

U.S. SAVINGS BONDS — Interest

AXA FIN'L LIFE INS (Cash Surrender Value) — Int/Div

AXA FIN'L LIFE INS (Cash Surrender Value) — Int/Div

WACHOVIA MONEY MARKET ACCOUNT — Interest

EVERGREEN MUNICIPAL MONEY MARKET FUND — Interest

NEW YORK STATE COLLEGE TUITION SAVINGS FUND PROGRAM — Interest — Buy

NEW YORK STATE COLLEGE TUITION SAVINGS FUND PROGRAM — Sell

BB & TBANK CD — None — Redemption

THIRD FEDERAL S& LCD — None — Redemption

FIFTH THIRD BANK CD — None — Redemption

RETIREMENT ACCOUNTS

401K PLAN - ING — Int/Div

IRA SCUDDER — Interest

ALGER CAPITAL APPRECIATION FD CL B (ACAPX) — None — Conversion

ALGER CAPITAL APPRECIATION FD CL A (ACAAX) — None — Conversion

JENNISON GROWTH CL A (PJFAX) — Int/Div

JENNISON TECH FUND CL A (PTYAX) — None — Conversion

JENNISON MID-CAP GROWTH FUND CL A (PEEAX) — None — Conversion

DAVIS NY VENTURE FUND CL A (NYVTX) — Int/Div

GOLDMAN SACHS TRUST FUND CAP GRWTH PORTFOLIO CL A (GSCGX) — None

JENNISON HLTH SCI FD CL A (PHLAX) — Int/Div

JENNISON SELECT GROWTH FUND CL B (SPFBX) — None — Conversion

JENNISON SELECT GROWTH FUND CL A (SPFAX) — None — Conversion

STRATEGIC PARTNERS NEW ERA GRWTH FD CL B (SNGBX) — None — Conversion

JENNISON MID-CAP GROWTH FUND CL B (PEEBX) — None — Conversion

JENNISON MID-CAP GROWTH FUND CL B (PEEBX) — None — Sell

SELIG COMM & INFO FD CL A (SLMCX) — Int/Div

Member of Board of Visitors, Duke University School of Law

Agreement — 1.1998 — Continuation of payments agreement with former law partner, Franklyn H. Snitow, and his law firm, Snitow Kanfer Holtzer & Millus, LLP.

Reimbursement — Duke University School of Law

Income — 2007 — Snitow & Pauley, a former law partnership winding-down its affairs (continuation of payments agreement described in Part II, line 1) — $0

Spouse's income — 2007 — Self-Employed Licensed Real Estate Sales Person

Spouse's income — 2007 — Self-Employed Floral Designer

None.