James O. Browning

Corporation — NOTE 1 @ Part VIII

Working Interest-Cercion #6, Lea County, NM — None — Sold — Ridge, LLC

Working Interest-Garza #1, Lea County, NM — None — Sold — Ridge, LLC

Working Interest - Shell State #1, Lea County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Shell State #2, Lea County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Shell State #3, Lea County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Shell State #4, Lea County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Shell State #6, Lea County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Snoddy Federal #1, Lea County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Queen Lake 36 #1 Eddy County NM — Royalty — Sold — Ridge, LLC

Working Interest - Milano St #1, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Milano St #2, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Tirano St, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Hopi Federal, Lea County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Tomcat 16 St #2, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Tomcat 16 St #3, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Tomcat 16 St #4, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Tomcat 16 St #6, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Tomcat 16 St #7, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Tomcat 16 St #8, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Tomcat 16 Fed #13, Eddy County, NM — Royalty — Sold — Ridge, LLC

Willow Lake 35 #1, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - N Scanlon, Eddy County, NM — None — Sold — Ridge, LLC

Working Interest - Forty Niner Ridge Unit 4 — Royalty — Sold — Ridge, LLC

Working Interest - Forty Niner Ridge Unit 6 — Royalty — Sold — Ridge, LLC

Working Interest - Forty Niner Ridge Unit 1 — None — Sold — Ridge, LLC

Working Interest - USP Fee #2, Eddy County, NM — Royalty — Sold — Ridge, LLC

Working Interest - Forty Niner Ridge Unit 9 — Royalty — Sold — Ridge, LLC

Single Member LLC — Note 1, Part VIII

NM Bank & Trust Checking/Savings — None

Rental Property #3, Albuquerque, NM (2006, $663,074) — Rent

Vacant land #2, Albuquerque, NM (2006, $900,754) — None

Rental Property #2, Albuquerque, NM (2005, $611,855) — Rent

Checking Account at New Mexico Bank & Trust — None

Trust #1 - Vanguard Brokerage Acct - Prime Money Market — Int/Div

Trust #1 - Treasury Bills — Interest

Trust #1 - Savings Bonds — Interest — Sold (part)

Trust #1 (Brokerage Account at Fidelity) — NOTE 1 @ Part VIII

Fidelity Municipal Money Market — Int/Div

IRA #1 (Fidelity Brokerage Account) — NOTE 1 @ Part vii

EMC Common Stock — None

Microsoft Common Stock — Int/Div

PMC - Sierra Common Stock — None

Charles Schwab Common Stock — Int/Div

Tellabs Common Stock — Int/Div

Baron Small Cap Fund — None

Baron Partners Fund — None

Meridian Growth Fund — Int/Div — Buy (add'l)

Vanguard Int'l Growth Portfolio — Int/Div — Buy (add'l)

Vanguard Int'l Growth Portfolio — Buy (add'l)

Vanguard Int'l Growth Portfolio — Buy (add'l)

Vanguard Int'l Growth Portfolio — Buy (add'l)

Fidelity Int'l Discovery — Int/Div — Buy (add'l)

Fidelity Int'l Discovery — Buy (add'l)

IRA #2 (Fidelity Brokerage Account) — NOTE @ Part vii

AllianceBern Global Thematic Gr A (Mutual Fund) — Int/Div — Buy (add'l)

Putnam Vista Class A — None — with line 71) — NOTE 2 @ Part VIII

Putnam Multi Cap Growth Cl A — None — NOTE 2 @ Part VIII

Vanguard Total Stock Market — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Fidelity Cash Reserve — Int/Div

Baron Partners Fund — None

Vanguard Total Stock Market — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Baron Partners Fund — None

Oppenheimer Scholar's Edge 529 Acct #1 (Wells Fargo Advsrs) — NOTES 1&3 @ Part VIII

Moderate Portfolio C — None — Sold (part) — NOTE 4 @ Part VI

Oppenheimer Scholar's Edge 529 Acct #2 (Wells Fargo Advsors) — NOTES 1&3 @ Part VIII

Moderate Portfolio C — None — Buy (add'l) — NOTE 4 @ Part VIII

Moderate Portfolio C — Sold (part)

Moderately Aggressive Portfolio A — None — Distributed

Checking Account - Wells Fargo Bank — Interest

Custodian, Custodial Account #3

Director/Vice Chairman, Christian Scholarship Fund

Director/President, Inn of the Courts

Director, Tenth Circuit Historical Society

Liability — New Mexico Bank & Trust — Mortgage on Rental Prop #3, Albuquerque, NM (Part VII, line 38). See Note 5 at Part VIII

Liability — New Mexico Bank & Trust — Mortgage on Vacant Land #2, Albuquerque, NM (Part VII, line 39). See Note 5 at Part VIII

Spouse's income — 2010 — Sunset Mesa Schools Inc., wages

Spouse's income — 2010 — Self Employed - School Choir Director, income from students’ parents

NOTE 1 - The items listed in Section VII that have the note "See NOTE 1 @ Part VIII" in Column D(5) are headers only. The specific assets held in that

corporation/trust/accounts are indented and listed individually following the header.

NOTE 2 - On September 24, 2010 Putnam Vista Class A shares were merged into Putnam Multi Cap Growth Class A shares. No shares were purchased or sold

during the year.

NOTE 3 - The Financial Advisor managing the Oppenheimer Scholar's Edge 529 accounts changed from being associated with A.G. Edwards to Wells Fargo

Advisors in 2010.

NOTE 4 - Almost the entire remaining balance of the Oppenheimer Scholar's Edge 529 Acct #1 was transferred into the Oppenheimer Scholar's Edge Acct #2 on

January 25, 2010.

NOTE § - The two mortgages payable to New Mexico Bank & Trust listed at Part VI, lines 1 & 2 are in the name of the Single Member LLC (Part VII, line 36)

which is owned by the Corporation (Part VII, line 1) and were inadvertently omitted from previous reports. The mortgages are personally guaranteed by filer's