James Block Zagel

M.O.N.Y. Policy Value — Int/Div

Northern Trust Accts. — Int/Div

Farm Land Washington/Clinton Counties Ill. — Rent

Grant Thornton 401 (k) — Int/Div

New York Life Ins. Pol. — Int/Div

Country Cos. Life Pol. — Int/Div

Transamer. Life Pol. Val. — None

Transamer. Life Pol. Val — None

Prudential Life Ins. — Int/Div

Metropolitan Life Ins. — Int/Div

Equitable Life (Now AXA Equitable) — Int/Div

Bear Steams & Co. Acct. — Interest

ING Life Policy — Int/Div

Bear Stearns & Co. Acct. — Interest

TEMFX — Distribution

TEMFX — Distribution

KO — Int/Div

KO — Int/Div

Regions Fin. = RF — Int/Div — Gift

SAG Pension Plan — Interest

CP — Int/Div

CP — Int/Div

Fording Inc. - FDG — Int/Div

Encana - ECA (formerly PCX) — Int/Div

Encana - ECA (formerly PCX) — Int/Div

Dell — None

MK Limited Partners — Distribution

31. My estimated share is 11%

Bank Accounts: Harris Trust Chk./Int — Interest

Bear Steams SEP/IRA — Int/Div

Georgia Mun Elec Auth Rev Bond — Interest

CP — Int/Div

Fording Inc. - FDG — Int/Div

Citizens PPTY Ins Corp Fla Bond — Interest

Encana - ECA (formerly PCX) — Int/Div

Oracle - ORCL — None

Nassau County NY Bond — Interest

San Diego, CA Pension Bond — Interest

Wisconsin Gen Fund Bond — Interest

HD — Int/Div

HD — None — Sell

HD — None — Sell

PG — Int/Div

PG — Int/Div

Ill Hsg Dev Auth Rev Bonds — Interest

Wyeth - WYE (formerly AHP) — Int/Div

Wyeth - WYE (formerly AHP) — Int/Div

General Electric-GE — Int/Div

General Electric-GE — Int/Div

Chicago G/O Park Dist Bond — Interest

Illinois G/O Fin Auth Bond — Interest

Penn Hsg Fin Agy Bond — Interest

Missouri St Facs Bond — Interest

Berks Co Pa Mun Bond — Interest

Kem CoCal College Dist Bond — Interest

Wisconsin Pub Bond — Interest

Univ Wisc Bond — Interest

lowa Fin Auth Bond — Interest

Time Warner — Int/Div

Time Warner — Int/Div

Janus Invt Fund — Int/Div

Janus Invt Fund — Int/Div

Bear Steams Account — Interest

Pepco Holdings POM — Int/Div

First Energy - FE — Int/Div

Duff & Phelp Fund - DNP — Int/Div

Fund Managed High Income - MHY — Int/Div

11 HDA Multibond 93 — None — Redemption

Lease of excess Berrien Cty, MI acreage to Leitz Corp — Rent

Fannie Mae - FNM — Int/Div — Sold

Fannie Mae - FNM — Int/Div — Sold

Ohio Hsg Fin Residential — Interest — Redemption

Ohio Hsg Fin Residential — Interest — Redemption

AT&T — Int/Div

Comcast - CMCSA — None

Nevada St. Bond — Int/Div — Redemption

FPLGroup/FPL — Int/Div — sale

Conoco Philips - COP — Int/Div — Buy

Income — 2 — Foundation Press - Book Royalties — $3742.00

Income — 3. — EP Talent Services - Actor's Royalties — $ 508.00

Spouse's income — Grant Thomton - Partnership Income

I participate in the Federal Thrift Savings Plan, but it is my understanding that this asset need not be listed.

All individual assets held in brokerage accounts are individually disclosed in report.

The double listing of certain investments is due to the fact that some are in fifi name. [ have not designated which are Gl» assets, but I list them

separately because they are individual holdings which might be sold separately at a future time.