Simeon Timothy Lake 3

rental property #1-Houston, TX — Rent

rental property #2-Houston, TX — Rent

rental property #3-Houston, TX — Rent

rental property #4-Houston, TX — Rent

property, Washington Cnty, TX — Rent

J.P. Morgan Chase — Interest

Exxon Common Stock — Int/Div

Wells Fargo Bank Account — Interest

Royalty Interest, Washington County, Texas — Royalty

Merrill Lynch Money Mkt Acct (IRA) — Interest

AT&T Inc. Common Stock (IRA) — Int/Div

Novartis ADR (IRA) — Int/Div

IBM Corp. Common Stock (IRA) — Int/Div

General Electric Common Stock (IRA) — Int/Div

Intel Corp. Common Stock (IRA) — Int/Div

Syngenta AG ADR (IRA) — Int/Div

Palm, Inc. Common Stock (IRA) — None — Sold

3 Com Corp. Common Stock (IRA) — None — Sold

Nestle Corp. ADR (IRA) — Int/Div

Dr. Reddy's Lab ADR (IRA) — Int/Div

Freds, Inc. Common Stock (IRA) — Int/Div

Johnson & Johnson Inc. Common Stock (IRA) — Int/Div

Procter & Gamble Inc. Common Stock (IRA) — Int/Div

Washington Mutual Inc. Common Stock (IRA) — Int/Div

Microsoft Common Stock (IRA) — Int/Div

ABX Air Inc. Common Stock (IRA) — None

McCormick Inc. Non-Voting (IRA) — Int/Div

U.S. Treas. Note (IRA) — Interest — Sold

3M Company (IRA) — Int/Div — Buy

VKM Senior Income Tr. (IRA) — Int/Div — Buy

VKM Senior Income Tr. (IRA) — Sell

Trust #1

AT&T Common Stock — Int/Div

XCEL Energy, Inc. Common Stock — Int/Div

Walgreen Co. Common Stock — Int/Div

Verigy Ltd. Common Stock — None — Sold

Hewlett Packard Co. Common Stock — Int/Div

Merrill Lynch Money Market Acct — Int/Div

Southwest Airlines Common Stock — Int/Div

Apple Computer Inc. Common Stock — None

Agilent Tech., Inc. Common Stock — None

Bristol Myers Squib Co. Inc. Common Stock — Int/Div

Pfizer Inc. Common Stock — Int/Div

Microsoft Common Stock — Int/Div

Johnson & Johnson Co. Common Stock — Int/Div

Starbucks Corp. — None — Buy

Merrill Lynch Money Fund — Int/Div

AT&T Inc. Common Stock — Int/Div

Abbott Labs Common Stock — Int/Div

Trust #2

Exxon Corp. Common Stock — Int/Div

Merrill Lynch Money Fund — Int/Div

Abbott Labs Common Stock — Int/Div

General Electric Common Stock — Int/Div

Pfizer Inc. Common Stock — Int/Div

Nokia Corp. Common Stock — Int/Div

Wachovia Corp. Common Stock — Int/Div

Kellog Co. Common Stock — Int/Div

Hospira Inc. Common Stock — None

Procter & Gamble, Inc — Int/Div

Bank of Texas Account — Interest

Caterpillar Inc — Int/Div

Fidelity Municipal Money Mkt a/c — Interest

shares Dow U.S.-Broker Dealers Index — Int/Div — Sold

shares Global Financials Sector Index — Int/Div

shares S&P Global Telecom Sector Index — Int/Div

Kraft Foods — Int/Div — Buy

1 shares Pacific Ex Japan Index — Int/Div — Buy

I shares FTSE China 25 Index — Int/Div — Buy

1shares Emerging Mkts Index Fd — Int/Div — Buy

1shares S&P Latin Amer 40 Index — Int/Div — Buy

1shares Global Materials Index — Int/Div — Buy

1shares S&P Metals & Mining ETF — Int/Div — Buy

Co-Trustee, Trust #1

Reimbursement — American Bar Association — Washington, D.C

Reimbursement — Texas A&M University — College Station, Texas

SECTION VII

PAGE 4

Line 9 -- The 2006 Report contained duplicate entries for AT&T Inc. Common Stock -- p. 4, line 9 and p. 6, line 48. This year's Report contains only one entry for

AT&T Inc. Common Stock -- p. 6, line 48.

PAGE 5

Lines 29-31 -- 3M Company, VKM Senior Income Tr., and VKM Senior Income (IRA) are new entries.

PAGE 7

Lines 62-63 -- Reversed the order of Fidelity Municipal Money Mkt a/c and Caterpillar Inc. (which were listed as 70 and 71 on 2006 Report).

Lines 67-68 -- Kraft Foods and I shares Pacific Ex Japan are new entries.

PAGE 8

Lines 69-73 -- I shares FTSE China 25, I shares Emerging Mkts Index, I shares S&P Latin Amer, I shares Global Materials, and I shares S&P Metals & Mining are

new entries.