James B. Loken

STOCKS (All Common)

Allstate Corp. — Int/Div

Verizon Communications — Int/Div

Bristol-Myers Squibb — Int/Div

Zimmer Holdings, Inc — None

Target Corp — Int/Div

Emerson Electric

Exxon Corp. — Int/Div

Wachovia Corp. — Int/Div

Gabelli Equity Trust — Int/Div

Gabelli Global Multimedia Trust — Int/Div

Gabelli Utility Trust — Int/Div

General Motors — Int/Div

IBM — Int/Div

XCel Energy, Inc — Int/Div

CenterPoint Energy, Inc — Int/Div

AT&T Inc. (formerly SBC Communications) — Int/Div

Pactiv Corp. — None

Tenneco Automotive — None — Sell

Texas Utilities — Int/Div

Consol. Delivery & Logistics — None

Cypress Semicond. Corp. — None

FSI International, Inc — Buy

FSI International, Inc — Buy

FSI International, Inc — Buy

FSI International, Inc — None — Sell

Digi International — Sell

Digi International — Sell

Digi International — None — Buy

31. LSI Logic Corp. — Buy

LSI Logic Corp. — None — Sell

Ascential Software Corp — Buy

Ascential Software Corp. — None — Sell

Hewlett-Packard Co. — Int/Div

Communications Systems — Buy

Communications Systems — Int/Div — Buy

Vishay Intertechnology — None — Buy

ADC Telecommunications — Buy

ADC Telecommunications — Buy

ADC Telecommunications — Buy

ADC Telecommunications — None — Sell

Amkor Technology — None — Buy

Conexant Systems — None

JDS Uniphase — None — Sell

McData Corp. (formerly Computer Network Technology) — None — Sell

Atmel Corp — None

Select Comfort Corp. — Buy

Select Comfort Corp. — None — Buy

Nokia Corp. — Int/Div

Oracle Corp. — None

Skyworks Solutions, Inc — Buy

Skyworks Solutions, Inc — None — Buy

CNS Inc — Int/Div — Sell

Synovis Life Technologies, Inc — None

Cyberoptics Corp. — Buy

Cyberoptics Corp. — None — Buy

Seagate Technology — None

Microsoft Corp. — Int/Div

INNOVEX Inc — None — Sell

Mesa Air Group, Inc. — None — Buy

MUTUAL FUNDS

Columbia Acorn Fund — Int/Div

Colunbia Int'l Stock Fund — None — Sell — Part VIII

Fidelity Equity Income Fund II — Int/Div

Fidelity Mn. Tax Free Fund — Int/Div

Fidelity Emerging Markets Fund — Int/Div

Fidelity Japan Fund — Int/Div

Fidelity Spartan Muni Income Fund — Int/Div

AIM -- Health Sciences — Int/Div — Sell

Gabelli Global Growth Fund — None — Sell

Gabelli Growth Fund — None — Sell

Guardian Park Ave Fund — Int/Div — Sell

Harbor International Fund — Int/Div

Investment Co Amer Fund — Int/Div

Janus Fund — None — Sell

Mutual Beacon Fund — Int/Div

New Perspective Fund — Int/Div

Oppenheimer Capital Inc Fund — Int/Div

Oppenheimer Strategic Income — Int/Div

Putnam Growth Fund — Int/Div — Sell

Vanguard Fixed Inc Fund S-T — Int/Div

Vanguard Fixed Inc Fund GNMA — Int/Div

Delaware Voyageur Mn Ins Fund — Int/Div — Sell

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

Vanguard Long Term Tax Exempt Fund — Int/Div

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 — Buy

Chase Growth Fund — None — Buy

Dreyfus Minn Muni Fund — Int/Div — Buy

Icon Health Care Fund — None — Buy

Matthews Pacific Tiger Fund — Int/Div — Buy

Muhlenkamp Fund — None — Buy

MISC

Wells Fargo Bank IRA — Int/Div

F&B Building Partnership — None

Vanguard Variable Annuity Plan — None

Tamarack Investment Tax Free Fund — Int/Div

Schwab Advance Cash Reserve Fund — Int/Div — Buy

Wells Fargo Bank — Interest

Past President, Federal Bar Association, Minnesota Chapter

Member, American Law Institute

Columbia Newport Tiger Fund merged into Columbia International Stock Fund on October 7, 2005 (Part VII, line 67)