Stewart R. Dalzell

Cape Cod Five Cent Savings — Interest

Bear, Steams/JP Morgan Fed. Fund — Interest

PNC Bank — Interest

RMA/Smith Barney Tax Free Fund — Int/Div

BRE Properties, Inc — Int/Div

Vangaurd PA Tax Free Money Fund — Int/Div

Claude Resources — None — Sold — on Tomoto SE

Prime Fund-Cash Reserve Trust — Int/Div

Pepsico — Int/Div

Merck & Co. — Int/Div — Buy — on NYSE

J.P. Morgan Bonds — Interest — Redeemed — matured

Cisco System Notes — Interest

General Electric Capital Notes — Interest

Pfizer, Inc — Int/Div

Bank America Notes — Interest

General Electric Cap. Notes — Interest — Buy — in offering

Exxon Mobil — Int/Div — Sold (part) — sale on NYSE

SEI Daily Income Trust — Int/Div

Waste Management — Int/Div — Buy — on NYSE

Chevron — Int/Div

Johnson & Johnson — Int/Div

Goldman Sachs Group Notes — Interest — Redeemed — matured

Odyssey Re Holdings — Int/Div — Redeemed — merger

General Dynamics — Int/Div — Sold — on NYSE

Intel — Int/Div

AT&T — Int/Div — Buy (add'l) — on NYSE

McDonalds Corp. — Int/Div — Buy — on NYSE

PowersharesE1r — Int/Div — Buy — on NASDAQ

Natl Rural Utility Notes — Interest — Buy — in offering

Diageo PLC — Int/Div — Buy — ADRs on NYSE

Chubb Corp. — Int/Div — Buy — on NYSE

Windstream — Int/Div

Conoco Phillips — Int/Div

Int'l Business Machines — Int/Div

Bank New York Notes — Interest

Fed. Home Loan Bank Bonds — Interest — Redeemed — call

Federal Farm Credit Bank Notes — Interest — Redeemed — call

Korea Electric Power Corp. — Int/Div

Fairfax Financial Holdings — Int/Div

Helmerich & Payne — Int/Div

Henderson Global Equity — Int/Div

Plum Creek Timber — Int/Div — Sold (part) — sale on NYSE

Chesapeake Energy — Int/Div — Sold — NYSE

BPPlc — Int/Div — Buy — ADRs on NYSE

FFCB Bonds — Interest

FHLB Bonds — Interest

Dow Chemical Notes — Interest

3M Co. — Int/Div — Buy — on NYSE

Automatic Data Processing — Int/Div — Buy — on NYSE

DuPont — Int/Div — Buy — on NYSE

National Fuel Gas — Int/Div — Buy — on NYSE

Goldman Sachs Group Notes — Interest — Buy — in offering

iShares Barclays Agg. Bond Fund — Int/Div — Buy — on market

Kraft Foods — Int/Div — Buy — on NYSE

Simon Properties Group — Int/Div — Buy — on NYSE

Emerson Elec. Co. — Int/Div — Buy — on NYSE

Caterpillar Financial Notes — Interest

Automatic Data Processing — Int/Div — Buy — on NYSE

DuPont — Int/Div — Buy — on NYSE

National Fuel Gas — Int/Div — Buy — on NYSE

Goldman Sachs Group Noles — Interest — Buy — in offering

iShares Barclays Agg. Bond Fund — Interest — Buy — on market

Kraft Foods — Int/Div — Buy — on NYSE

Secretary of the Vestry, Saint Mark's Church, Philadelphia, PA

Reimbursement — AS ASITIN 2 4 MAAS JA LAWN TE SAAS