James B. Loken

STOCKS (All Common)

Allstate Corp. — Int/Div

Verizon Communications — Int/Div — Sold

Idearc — None — Sold

Bristol-Myers Squibb — Int/Div — Sold

ZimmerHoldings, Inc — None

Target Corp — Int/Div

Emerson Electric — Int/Div — sold

Exxon Corp. — Int/Div

Wachovia Corp. — Int/Div

Gabelli Equity Trust — Int/Div

Gabelli Global Multimedia Trust — Int/Div

Gabelli Utility Trust — Int/Div

Gabelli Healthcare Trust — Int/Div — Spinoff — Gabelli Equity Trust

General Motors — Int/Div — Sold

General Motors — sold

General Motors — Sold

General Motors — Int/Div — Sold

XCel Energy, Inc — Int/Div

CenterPoint Energy, Inc — Int/Div — Sold

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

Pactiv Corp. — None — Sold

TXU (Texas Utilities) — sold

TXU (Texas Utilities) — Int/Div — Sold

Cypress Semicond. Corp. — sold

Cypress Semicond. Corp. — None — Sold

FSI Intemational, Inc — None

Digi International — Buy

Digi International — Buy

Digi International — None — Buy

Communications Systems — Int/Div

Nektar Therapeutics — None — Sold

Vishay Intertechnology — Buy

Vishay Intertechnology — None — Buy

ADC Telecommunications — Buy

ADC Telecommunications — None — sold

Amkor Technology — sold

Amkor Technology — sold

Amkor Technology — sold

Amkor Technology — Sold

Amkor Technology — None — Buy

Conexant Systems — None — Buy

Select Comfort Corp. — None — Sold

Nokia Corp — None — Sold

Oracle Corp. — None

46. Skyworks Solutions, Inc — None — Sold

Synovis Life Technologies, Inc — Buy

Synovis Life Technologies, Inc — Sold

Synovis Life Technologies, Inc — Sold

Synovis Life Technologies, Inc — None — Sold

Cyberoptics Corp — None

Microsoft Corp. — Int/Div

Rudolph Technology — None

Aetrnum Inc — None — Buy

Dow Chemical — Int/Div

Cemex S.A. — Int/Div — Buy

Chesapeake Energy — Int/Div — Buy

Valero Energy — Int/Div

Metro Health Network — Buy

Metro Health Network — None — Buy

Boston Scientific Corp — None — Sold

Possis Medical, Inc — Buy

Possis Medical, Inc — None — Buy

Intel Corp. — Int/Div — Buy

Best Buy Co. — Buy

BestBuy Co. — Int/Div — Buy

Bank of America — Int/Div — Buy

MUTUAL FUNDS

Columbia Acom Fund — Int/Div

Fidelity Equity Income Fund II — Int/Div

Fidelity Mn. Tax Free Fund — Int/Div — Sold

Fidelity Emerging Markets Fund — Int/Div

Fidelity Japan Fund — Int/Div

Fidelity Spartan Muni Income Fund — Int/Div — Sold

Fidelity Real Estate Fund — Int/Div

Harbor International 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

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

Chase Growth Fund — Int/Div

Dreyfus Minn Muni Fund — Int/Div

Icon Health Care Fund — Int/Div

Matthews Pacific Tiger Fund — Int/Div

Muhlenkamp Fund — Int/Div

MISC

Wells Fargo Bank IRA — Int/Div

F&B Building Partnership — None

Vanguard Variable Annuity Plan — None — Sold

Tamarack Investment Tax Free Fund — Int/Div

Schwab Advance Cash Reserve Fund — Int/Div

Wells Fargo Bank — Interest

Past President, Federal Bar Association, Minnesota Chapter

Member, American Law Institute

Reimbursement — American College of Trial Lawyers