James Howard Jarvis 2

UnimpProp (25%) Townsend, TN $137,800 — Rent — sell

Bonds - Flagship Tennessee and Delaware — Interest

Stock - AT&T & Southwest Bell Telephone — Int/Div

UnimpProp Monroe County, TN $247,500 — None

ImpProp Happy Valley TN $29,500 — None

Colonial Secunties Fund — Int/Div

Vodaphone Airtouch Stock — Int/Div

Bell Atlantic Stock (including NYNEX Corp. and Verizon) — Int/Div

Norfolk Southem Ry Stock — Int/Div

SBC CommunicationsStock — None — sell

CBS Stock (including Viacom) — None — sell

BellSouth Stock — None — sell

Qwest Communications Stock — Int/Div

Ameritec Stock — Int/Div

Ford Motor Company Stock — Int/Div

Wyeth Stock — Int/Div — buy

Ryan's Steakhouse Stock a — Int/Div

Citigroup Stock — Int/Div

UnimpProp Rockford TN ($100,000) — None

Avaya Stock — Int/Div

Comcast Cable Stock — Int/Div

ImpProp Walland, TN ($132,500) — Rent

EMC Corporation Stock — Int/Div

Certificate of Deposit - Union Planters Bank — Interest

Certificate of Deposit - BB&T Banking Corporation — Interest

The Income Fund of America - Class A — Interest

Liberty High Yield Securities Fund - A — Interest

American Balanced Fund - Class C — Interest

Metro Govt Nashville & Davidson Cnty 12/2/03-Bonds — Interest

Abbott Laboratories-Common — None — sell

Air Products & Chemicals-Common — Int/Div

Amsouth Bancorp(Regions Bank)-Common — Int/Div — buy

Automatic Data Processing-Common — Int/Div

BB&T Corp Common — None — sell

Bank of America Corp-Common — Int/Div — buy

Baxter International Inc-Common — None — sell

Bellsouth Corp-Common — None — sell

Caterpillar Tractor-Common — Int/Div — sell

Chevron Texaco-Common — Int/Div

Citigroup Inc-Common — Int/Div — buy

Conagra Foods-Common — None — sell

Conocophillips-Common — Int/Div — sell

Consolidated Edison-Common — Int/Div

Dell-Common — None — sell

Dow Chemical-Common — Int/Div — buy

E IDupont-Common — Int/Div — buy

EMC Corp-Common — Int/Div

Emerson Electric-Common — Int/Div

Exxon Mobil Corp-Common — Int/Div

General Electric Co-Common — Int/Div — buy

H JHeinz Co-Common — Int/Div — buy

JP Morgan Chase & Co-Common — Int/Div — buy

Johnson City TN GO SER B MBIA INS 12/29/04-Bonds — Interest

Kimberly Clark Corp-Common — Int/Div — buy

Kingsport TN GO REF AMBAC INS 3/15/04-Bonds — Interest — sell

Kingsport TN GO WTR & SWR SYS MBIA 12/1/04-Bonds — Interest — sell

Limited Brands Inc-Common — Int/Div

Marathon Oil Corp-Common — Int/Div — sell

Maury Cnty Tenn GO SCH & PUB IMPT INS 11/1/04-Bonds — Interest

Federated Tax Free Obligations-ISS Fund #397-Interest — Interest

Montgomery CO TN GO REF FSA INSD 6/1/03-Bonds — Interest

Newell Rubbermaid Inc-Common — Int/Div

Nisource Inc-Common — None — sell

Pitney Bowes Inc -Common — Int/Div

Putnam CNTY TN GO REF AMBAC INS 12/1/02-Bonds — Interest

Robertson CNTY TN GO-ULT MBIA INS 2/1/04-Bonds — Interest

ST Paul Companies Inc-Common — Int/Div — buy

Sara Lee Corp-Common — None — sell

Southern Company-Common — Int/Div — buy

Wells Fargo & Co-Common — Int/Div — buy

Knoxville Tenn Water Rev Sys Bonds dtd 8/10/05 — Interest

Shelby Cnty Tn GO Ref Ser A bonds dtd 3/10/05 — Interest

Masco Corp-Common — Int/Div — buy

Mylan Laboratories-Common — Int/Div — buy

XCEL Energy Corp-Common — Int/Div

Ingersol Rand Co-Common — Int/Div

Alcoa Inc-common — Int/Div — buy

Duke Energy-common — Int/Div — buy

First Horizon Natl Corp-common — Int/Div — buy

Gannett Company-common — Int/Div — buy

Johnson & Johnson-common — Int/Div — buy

Johnson Controls Inc-common — Int/Div — buy

Nokia Corp-common — Int/Div — buy

Occidental Petroleum Inc-common — Int/Div — buy

Sysco Corp-common — Int/Div — buy

Income — 2006 — Tennessee Consolidated Retirement System — $ 56,308