Procter Ralph Hug jr

Storey County Properties, Storey County, Nevada — Rent — Capital Gain

West Coast Development, Tonopah, Nevada — Rent

Brooktree Partners, Reno, Nevada — Rent

Flowers Escrow Real Estate Mortgage — Interest

UBS M/M Fund — Interest

Wachovia M/M Fund — Interest

Wells Fargo M/M Fund — Interest

Morgan Stanley Dean Witter Liquid Asset — Interest

Bank of America — Interest

Wells Fargo Bank — Interest

N. Las Vegas Revenue Bonds — Interest — redemption

Nevada Housing Bonds — Interest

3M Co. — Int/Div — buy

AT&T Corporation — Int/Div

Advanced Medical Optics — Int/Div

Alcatel-Lucent — Int/Div

Alcoa — Int/Div — buy

Allergan, Inc — Int/Div

Alhanz — Int/Div

Allied Waste Industry — Int/Div

Alvarion — Int/Div

America Funds Investment 23. Archer Daniels Mid. 24. Berkshire Hathoway, Inc. 25. Bob Evans Farms 26. Bowater, Inc. 27. CNH Global NV . 28. Canadian National R.R. — Int/Div — sell

Cheesecake Factory — Int/Div — buy

Conseco — Int/Div — buy

Continental Airlines — Int/Div

Digimark Corporation — Int/Div

Dupont — Int/Div

Eastman Kodak — Int/Div — ouy

Elan — Int/Div

Elkcorp — Int/Div — sell

El Paso — Int/Div

Federal Agricultural Mortgage — Int/Div — sell

Employers Holding — Int/Div — buy

Energy Conv. Devices — Int/Div — buy

Ford Motor Notes — Interest

Franklin Utilities — Interest

Genentech — Int/Div

Granite Construction Company — Int/Div

Hanson PLC — Int/Div — sell

Heinz HJ Company — Int/Div — sell

Hitachi, Ltd. — Int/Div

Home Depot — Int/Div — sell

Ida Corporation — Int/Div

Imperial Chemical — Int/Div — sell

Intel — Int/Div

International Game Technology ("IGT") — Int/Div

Intemational Paper — Int/Div

Janus Fund — Int/Div — Capital Gain

Janus Twentieth Century — Int/Div — Capital Gain

Janus Venture — Int/Div — Capital Gain

Leucadia Nat'l — Int/Div — buy

Linear Technology Corporation — Int/Div

Macy's — Int/Div — buy

Merck & Company — Int/Div

Mercury General Corporation — Int/Div

Microsoft — Int/Div

Mirant Corp. — Int/Div

Morgan Stanley Asia P — Interest

NCR Corporation — Int/Div

Neuberger Bermnian Fund — Int/Div — buy

Newell Rubbermaid — Int/Div

Nuveen PFD — Int/Div

Oppenheimer Rochester Nat'l. Muni Fund — Interest

Owens Corning — Int/Div — buy

Pall Corporation — Int/Div

Peets Coffee — Int/Div

Pfiser — Int/Div

Raytheon Company — Int/Div — sell

Regis Corporation — Int/Div

Royal Dutch Petroleum — Int/Div

Serono SA — Int/Div — sell

Sierra Pacific Resources — Int/Div

Smith & Nephew — Int/Div — sell

Strats-T, AT&T PFD — Int/Div

Time Warner — Int/Div

UAL Corp. — Int/Div

Unilever PLC — Int/Div — sell

Waste Management — Int/Div

Wells Fargo Stock — Int/Div

Wyeth — Int/Div — buy