Bruce D. Black

Davis NY Vent. Fund Class A — Int/Div — Sold

Wachovia Money Market — Int/Div — Sold

NW Mutual Life Ins — Int/Div

NM Public Empl. Defer. Comp — Int/Div

Vanguard Strategic Eqt. Fd. — note A - Part VIII

Dodgecox Stock Fd — more

Fid Contrafund — Sold

Incin Fnd of America, Inc

Wachovia IRA — Int/Div

Davis NY Venture-A Fund

Davis Growth - B Fund

Davis Growth - A Fund

FPA New Income Inc

Tweedy Browne Global

Bankers Trust Mrkt Index Fund linked — None — Redemption

MSFocus Growth Fund — None — note B - Part VIII

MSDW Dividend Growth B Fund — Int/Div

Evergreen Municipal Money Market Fund — Interest — note C - Part VIII

Oak Assoc. WHT Oak Growth — Int/Div

U.S. Gov't Money MK MSDW — Int/Div

Wells Fargo Bank Accounts — Interest

Rental #1, Santa Fe, NM (2004 212,000) — Rent

Rental #2, Santa Fe, NM (2004 315,000) — Rent — note D - Part VIII

GMAC Smart Note — Interest — Bought

GMAC Smart Note — Redeemed

Boeing — Interest — Bought

New Jersey St. TPK Auth — Interest — Bought

JP Morgan Chase BK CD — Interest — Bought

GMAC Smart Note — Interest — Bought

GMAC Smart Note — Interest — Bought

Member, Board of Trustees, Louisville Presbyterian Theological Seminary

Agreement — it oN cD

Liability — Countrywide Homneloans — Mortgage On Rental Property #1, Santa Fe, Nm (Pt. Vii, Line 22)

Spouse's income — 2006 — Albuquerque Public Schools - Substitute Teacher

VII. A. Ariel Appreciation Fund was exchnged for Vanguard Strategic Eqt. Fund on 8/26/05. THIS WAS INADVERTENTLY OVERLOOKED LAST YEAR.

B. MSDW Opportunities B Fund changed name to MS Focus Growth Fund on 7/3/06.

C. Line 19, Evergreen Municipal Money Market Fund, is one of Wachovia Money Market Funds.

D. Transferred CT)

E. Values and income of assets listed on page 2, lines 18 and 19, of previous 2005 report have declined below reporting value. (Asset on line 18 bankrupt.)