James B. Loken

STOCKS (All Common)

Zimmer Holdings, Inc — None

Target Corp — Int/Div

Emerson Electric — Int/Div

Exxon Corp. — Int/Div

Wells Fargo & Co — Int/Div

XCel Energy, Inc — Int/Div

FSI Intemational, Inc — None — Sold (part)

FSI Intemational, Inc — Sold (part)

FSI Intemational, Inc — Sold

Digi Intemational — None — Buy (add'l)

Digi Intemational — Sold (part)

Communications Systems — Int/Div — Sold

Vishay Intertechnology — Int/Div — Sold (part)

Vishay Precision Group — None — from line 15)

ADC Telecommunications — None — Buy (add'l)

ADC Telecommunications — Buy (add'l)

ADC Telecommunications — Buy (add'l)

ADC Telecommunications — Sold

Amkor Technology — None — Buy (add'l)

Oracle Corp — Int/Div

Synovis Life Technologies, Inc — None

Cyberoptics Corp. — None — Buy (add'l)

Cyberoptics Corp. — Buy (add'l)

Microsoft Corp. — Int/Div

Aetrium Inc — None

Dow Chemical — Int/Div

Cemex S.A — Int/Div

Chesapeake Energy — Int/Div

Valero Energy — Int/Div — Buy (add'l)

Metro Health Network — None — Sold (part)

Metro Health Network — Sold (part)

Intel Corp. — Int/Div — Buy (add'l)

Best Buy Co. — Int/Div

Bank of America — Int/Div — Sold

Transocean Ltd. — None — Buy (add'l)

Cardiovascular Systems — None — Buy

Clearfield Inc — None — Buy

Datalink Corp. — None — Buy

Datalink Corp. — Buy (add'l)

LSI Corp. — None — Buy

Medtox Scientific — None — Buy

Medtox Scientific — Buy (add'l)

Dragonwave Inc — None — Buy

MUTUAL FUNDS

Columbia Acom Fund — Int/Div

Fidelity Equity Income Fund II — Int/Div

Fidelity Mn. Tax Free Fund — Int/Div — Buy (add'l)

Fidelity Mn. Tax Free Fund — Sold (part)

Fidelity Emerging Markets Fund — Int/Div

Fidelity Japan Fund — Int/Div

Fidelity Spartan Muni Income Fund — Int/Div

Fidelity Real Estate Fund — Int/Div

Harbor Intemational Fund — Int/Div

Investment Co Amer Fund — Int/Div

Mutual Beacon Fund — Int/Div

New Perspective Fund — Int/Div

Oppenheimer Capital Inc Fund — Int/Div

Oppenheimer Strategic Income — Int/Div

Vanguard Fixed Inc Fund S-T — Int/Div

Vanguard Fixed Inc Fund GNMA — Int/Div — Sold (part)

Washington Mutual Fund — Int/Div

Vanguard Windsor Fund — Int/Div

Vanguard Hi-Yield Corp. Fund — Int/Div

Vanguard Prime MM Fund — Int/Div

Vanguard Short Term Corp. Fund — Int/Div — Sold

Vanguard Long Term Tax Exempt Fund — Int/Div — Sold (part)

Vanguard Wellington Fund — Int/Div

Vanguard Capital Value Fund — Int/Div

Artisan Intemational Fund — Int/Div

Leuthold Core Inv. Fund — Int/Div

Selected American Shares Fund — Int/Div

Amer Century Equity Fund — Int/Div

Chase Growth Fund — None

Dreyfus Minn Muni Fund — Int/Div

Icon Health Care Fund — Int/Div

Muhlenkamp Fund — None

MISC

F&B Building Partnership — None

RBS Prime Money Market Fund — Int/Div

Schwab Advance Cash Reserve Fund — Int/Div — Sold (part)

Wells Fargo Bank — Interest

Past President, Federal Bar Association, Minnesota Chapter

Member, American Law Institute