Michael M. Baylson

AT&T Wireless Service Inc — None — merger

Avaya — None

Bellsouth Corp. — Int/Div

Exxon Mobil Corp. — Int/Div

Motorola Inc — Int/Div

Qwest Communications Intn. Inc — None

SBC Communications Inc — Int/Div

Verizon Communications — Int/Div

Viacom Inc. Class B — None

Israel State 15 Yr Dollar Current Income Bond 7th — None

Command Money Fund — None

AT&T Corp — Int/Div

AT&T Wireless Services, Inc — None — merger

BP Plc Sponsored ADR — Int/Div

Certegy Inc — None

Choicepoint Inc — None

Comcast Corp. Class A — None

Comcast Corp. Class A Special — None

Keycorp. New — Int/Div

Lucent Technologies Inc — Int/Div — Buy

MHM Services Inc — None — Sell

Motorola Inc. — Int/Div

News Corporation Limited ADR New — None

PNC Financial Services Corp. — Int/Div

Prologis Trust SBI — Int/Div

Tele Norte Leste Participacoes ADR — None

Telecommunicacoes De Sao Paulo Sponsored ADR — Int/Div

Telefonica De Espana SA Sponsored ADR — None

TPI Enterprise, Inc — None

Verizon Communications — Int/Div

Wachovia Corp. 2nd — Int/Div

Walmart De Mexico SA Sponsored ADR — None

Western Digital Corp. Del — None

Telecommunicacoes Brasileiras SA Telebras Pr — None

Telecommunicacoes Brasileiras SA Spon ADR — None

Telefonica Data Brasil Holdings Spon ADR — None

Agreement — 2002 — Duane Morris LLP; $80,000 per year for five years, commencing in 2003.

Liability — Wachovia Securities — Margin Loan

(Indicate part of Report.)