Lowell A. Reed jr

Nicholas Fund IRA — Int/Div

Vanguard Windsor Fund IRA — Int/Div — Bond Market Index

PP&L Common — Int/Div

IBM Common — Int/Div

Vanguard PA Tax Free MM — Int/Div

Moncy Market, Wachovia now.Wells Fargo — Interest

GMAC Bank CD (IRA) — Interest

Vanguard Convertible Bond Fund — Int/Div

Agreement — 5. — RE AE = AT EE —— So

Spouse's income — 2/09 — Trustee, Testamentary Trust, Trustees commissions. (See VIII).

Explanation For Section HI B:

GT

non-investment income is paid to her as a commission as one of three trustees; she is not a beneficiary of the trust, cither as to income or

distribution of corpus. This 1s a private testamentary trust in which’

hi

as no property interest now or as a remainder man. The corpus of the trust never was

and never will be derived from the assets. income or activities of the filer or

Serres

The filer cannot expect to derive a benefit from the trust income or curpus

The service of

Neither the filer nor

has tiled

us a trustee, and commissions cared are the sole financial interest and responsibility of

any [tax return with the trust and the filer has no actual knowledge of the property or corpus of the trust.

annual commission 1s based upon a

formula which includes inter alia, the level of profitability of the trust property.