John D. Bates

Procter & Gamble - Common — Int/Div

Sempra Energy - Common — Int/Div

Staples - Common — Int/Div

CSX Corp. - Common — Int/Div — Buy

Marriott Vacations World - Common — from linc 26)

United Health - Common — Int/Div — Sold

Verizon Common — Int/Div

Am. Elec. Power - Preferred — Interest — Sold

Dominion Res. - Preferred — Interest

Prudential Fin'l - Preferred — Interest

XCEL Energy - Preferred — Interest — Sold (part)

Morgan Stanley Smith Barney - ~~

AXA Equitable Life Annuity — None

AES Corp. Common — None

Amer. Tower Corp. - Class A — None

Barclays Bank - Preferred — Int/Div

Citibank Money Fund — Interest

Davita Inc. - Common — None

Electronics for Imaging - Common — None

Energy Transfer Ptns LP - Common — Int/Div

UTS Gugg, Zacks Unit Inv. Trust — Int/Div — Buy

Fiserv Inc. Common — None

Duke Energy Corp. - Common — Int/Div

Halliburton Co. I1ldgs. - Common — Int/Div

Howard Cty., MD Bond — Interest

Intuit Inc. -- Common — Int/Div

MD Dept. Housing & Comm. Dev . Bond — Interest

NY Comm. Bancorp - Common — Int/Div — Sold

Prince Georges Cty, MD Bond — Interest

Powershares Ex-Traded Fund Dynamic Biotech & Genome — None

Schwab Chs. Corp. - Common — Int/Div

Time Warner - Common — Int/Div

Unum Group - Common — Int/Div

United Health Common — Int/Div — Sold (part)

Univ. System MD Bond — Interest

Western Union Common — Int/Div

Wash. Sub. San. Dt. MD Bond — Interest

Bristol Myers Squibb - Common — Int/Div — Sold

Morgan Stanley Smith Barney - IRA - J;

AT&T Inc. Common — Int/Div

Cameron Int'l Common — None

Centerpoint Energy Common — Int/Div

Colgate Palmolive Common — Int/Div

Conagra Foods Common — Int/Div — Buy

Dreyfus Money Market Fund — Interest

HCC Ins. Holdings - Common — Int/Div

IShares TR-DJ Transp. Index Fund — Int/Div

ISharcs TR Global Ind. Index Fund — Int/Div — Buy

ISharcs Dow Jones US llealth Care Providers Index Fund — Int/Div

IBM Common — Int/Div

JC Penney Common — Int/Div

Medtronic Common — Int/Div

Powershares Dynamic Semiconductors — Int/Div

Powershares Dynamic Media Portfolio — Int/Div

Select Spector SPDR Energy — Int/Div — Buy

S&P NoAm Tech Software Index Fund — Int/Div

SPDR Index SHS FDS DJ Wilshire Int'l Real Estate — Int/Div

SPDR SER TR KBW CAPMKTS ETF — Int/Div

SPDRSER TR KBW BK ETF — Int/Div

SPDR SER TR KBW INS ETF — Int/Div

United Tech Common — Int/Div

Vanguard Consumer Staples ETF — Int/Div

Vanguard Health Care ETF — Int/Div

Vanguard Info Tech ETF — Int/Div

Vanguard Int'l Equity (European) ETF — Int/Div

TIAA CREF Ret. Acct. -C — None

Wisconsin Energy Holding Common — Int/Div

Reimbursement — Fordham Law School — 3/22/2011 - 3/24/201) — New York, NY — Non-FJC Educational Seminar — Meals, lodging, transportation

Line 102 added, listing Wisconsin Energy Holding Common. This investment was inadvertently omitted from thc prior report