Karon O. Bowdre

LLC #1- Hwy 280, LLC / Real Estate 1 Birmingham, AL — Distribution

First Commercial Bank Acct — Interest

First Commercial Bank Acct — Interest

American Fund-Fundamental Investors — Int/Div

American Fund-Europacific Growth Fund — Int/Div

American Fund-Capital World Growth and Income — Int/Div

Wachovia Bank Deposit Sweep Account — Int/Div

Compass Bank Common Stock — Int/Div

Janus Investment Fund - Small Cap Value Fund — Int/Div

Fundamental Investors — Int/Div

Fundamental Investors — Int/Div

Growth Fund of America — Int/Div

Citibank Smith Bamey Money Fund — Int/Div

RGBK Common Stock — Int/Div

Legg Mason Value Trust — Int/Div

Microsoft Common Stock — Int/Div

Walmart Stores Common Stock — Int/Div

Alabama 0% Judicial Bldg Bonds — Interest

Fundamental Inves.Fund (IRA) — Int/Div

Growth Fund of America (IRA) — Int/Div

New Perspective Fund (IRA) — Int/Div

Small Cap World Fund-IRA — Int/Div

Wash Mut Inv Fund-IRA — Int/Div — sell

Cap.World Growth&Inc-IRA — Int/Div

Euro Pac Growth-IRA — Int/Div

Invest Co of Amer-IRA — Int/Div

Growth Fund Amer-IRA — Int/Div — sell

Wash Mut. Inv Fund-IRA — Int/Div

Fidelity Disc Equity-IRA — Int/Div

Bank of America Common Stock — Int/Div

Pioneer Fund Inc — Int/Div

Inv. Co of Amer Fund — Int/Div

Putnam Voyager Fund — Int/Div — sell

Inv. Co. of America Fund — Int/Div — sell

1COS Common Stock — Int/Div

ALKS Common Stock — Int/Div

AmSouth Bank Acct — Interest

American New Perspective Fund — Int/Div

American New Perspective Fund — Int/Div

401(k)@ The Principal, See Part VIII — Int/Div — buy

Pioneer Mid-Cap Value Fund Cl A — Int/Div — sell

Putnam Small Cap Value Fund — Int/Div — sell

McDonalds Corp. Common Stock — Int/Div — sell

Disney Common Stock — Int/Div

DisneyCommon Stock — Int/Div

Wachovia Bank Deposit Sweep Account — Interest

Columbia Funds, Intl Value Fd Inv. CL A — Int/Div — sell

Wachovia Cash Sweep Acct — Int/Div

Janus Invt. Fd- Small Cap & Value Fund-IRA — Int/Div

T. Rowe Price Mid-Cap Growth Fund-IRA — Int/Div

General Electric Company Common Stock — Int/Div

Nuveen Select Tax Free Income Port 2 SBI — Int/Div

Growth Fund of America-Class A — Int/Div

New England Financial Permanent Life Insurance — Int/Div

New England Finan.- Variable Ord.Life Mod to Agg Alloc — Int/Div

Metlife Permanent Life Ins, — Int/Div

Van Kampen Equity & Income Fund-Cl B-fka Equity Income — Int/Div

USB Cash Fund — Interest

T. Rowe Price Mid Cap Growth Fund — Int/Div

Eurapacific Growth Fund — Int/Div

Capital World Growth — Int/Div

Capital World Growth — Int/Div

Intermediate Bond Fund of America — Int/Div — buy

Intermediate Bond Fund of America — Int/Div — sell

Intermediate Bond Fund of America — Int/Div — sell

LLC #3 - FBN Properties I, LLC; real estate investment — None

Chico's FAS, Inc — Int/Div

Stern Agee Cash Trust Prime Money Market — Interest

Van Kampen Equity & Income Fd Cl A — Int/Div

Pioneer Short Term Inc. Cl A — Int/Div — buy

Pioneer Short Term Inc. Cl A — Int/Div — sell

Europacific Growth Fund Cl A — Int/Div — buy

Putnam Ltd Gov. Inc. FAC] A — Int/Div — buy

Fundamental Investments Inc. Cl F — Int/Div — buy

Fidelity Funds Cash Reserves *) FA — Int/Div

ING - Life Insurance Policy — Int/Div — buy

LLC #4 - IRIS, LLC; real estate investment; Birmingham, AL — Distribution — buy

Agreement — 2001 — Samford University (Defined Benefit Plan)-vested benefits in plan of former employer

Reimbursement — Peddercine Iniversity — — 10.6. anc .rave. CXXCNSES Or SICASINg engagemen! note. ancrave. expenses for sealing engagemen

Income — 2006 — Juliette Farms fka Kaybee Saddlebreds (Breed, Train & Show American Saddlebred Horses) — $ 6,000.00

Spouse's income — 2006 — Self-Employed Law Practice

EE —

SE ——

401(k): Principal Global Investors Large Cap. Stock Index Fund, Principal Global/Barrow Hanley Fund, American Century Investment Management Large Cap

Growth Fund, Principal Global Investors Diversified International Fund and contributions to the Plan and purchases by the Plan to these preselected funds are

made throughout the year.

Lawfirm Capital Contribution ol in the law sr CD Birmingham, AL.

Trust III owns a life insurance policy issued by Phoenix Mutual Life Insurance Company and stock issued by Phoenix Mutual.

Trust IV owns a life insurance policy issued by Northwestern Mutual Life Insurance Company.

Partial sales in some holdings did not change year-end category listings.

Fundamental Investors purchases in two subaccounts were aggregated in the previous report as a single purchase, but are now segregated on Lines 10 & 11 for

easier tracking,

Dreyfuss Appreciation Fund (Line 11 on 2005 Report) should have been reflected as a "sell" rather than a “partial sell" with C(1) left blank to reflect no value at

the end of the previous reporting period.

A dissolution of LLC#2 (reflected on earlier reports) caused the underlying investment asse QD to be owned outright.

Disney Common Stock (Lines 50 & 51) resulted from Disney's stock acquisition of the previously held investment (Pixar Common Stock).

The asset in Line 63 has been owned for many years and inadvertently was omitted from earlier reports.

Capital World Growth purchases in two subaccounts were aggregated in the previous report as a single purchase, but are now segregated on Lines 68 & 69 for

easier tracking.

An erroneous double entry for an investment in Microsoft Common Stock in the 2005 report Line 76 has been deleted in this report.