Paul Neeley Brown

STOCKS AND BONDS:

Com. Stk. Quantro — Int/Div — VIII

Dreyfuss Strg. Mun B/F — Int/Div

Debt Strategies Fund II — Int/Div

Victoria, TX Water & Sewer — Interest — Sell

Prudential Financial Corp. — Int/Div

REAL ESTATE

1/3 int. rent prpty No. 1, Sherman, Tx — Rent

Rent prpty No. 2, Sherman, TX — Rent

Farm Prpty. No. 1, Grayson Co., Tx.-see VIII — None

2/3 int, Rent Prpty. #3, Grayson Co., Tx — Rent

173 int., Grayson Co., Tx—See VIII — None

Blagg Svy., Grayson Co., Tx-Prop. No. 4 — None

Farm Prpty No. 2, Grayson County, Tx-See VIII — None

1/3 int in Farm Property—Farm Property No.3 — Rent — Inherited

OTHER PROPERTY

27.5% of 50% int. in vacant lot — None

Cash-American Bank of Sherman, N.A. — Interest

Countrywide Bank of Dallas — Interest

Farm Equipment—See VIII — None

A. G. Edwards — Interest

Cattle, See VIII ] — None

Cash value-life insurance — Interest

PRODUCING OG&M INTERESTS:

3/8 WI, King Svy., Grayson Co., TX (Shankles) — W.IL

ORI&RI, Hall-Mitchell Wells, McAnair Svy-Grayson Co., T — W.L

RI VanAntwerp-Thompson Svys-Grayson Co., TX-AC Brown — Royalty

RI & WI, McAnair Svy-Burton Les-Grayson Co., TX — W.L

2.5% ORI, Calhoun Ls-Grayson Co., ™X — Royalty

2.08% ORR, Elliott-Wright Ls-Grayson Co., TX — Royalty

00177735 RI Yates-Grayson Co., TX — Royalty

000662 RI-Bailey-et al Svys.-Grayson C, TX-Kusch — Royalty

0156250 ORI-EN Fain, Grayson Co, TX — Royalty

RI, Van Antwerp Svy., Grayson Co., TX (AC Brown) — Royalty

008854 RI, Vanderen Svy., Grayson Co., TX, RO Brown — Royalty

0500WI Warner Svy, Grayson Co., Tx. (Willis) — W.L

WI Soule Svy., Grayson Co., TX (Queen B) — W.L

00125 RI Lee-Claybrook- Chiles Sv Grayson Co, TX (Kusch) — Royalty

41.25% of int. (Goble) McAnair S Grayson Co., TX — W.L

NON-PRODUCING OG&M LEASES

1/4 min int, Robardy/Grayson Co, TX — None

1/8 min int, Dunn Prpty-Grayson Co, TX — None

Min int Harmon/Kepler Svys-Grayson Co, TX — None

Kepler Svys-Grayson Co, TX — None

VII. Investments and Trusts: Lines 10, 12, 14, 20, and 22, cattle, farm equipment and farm property, together produced no gain.

VII. Quantro was dissolved in 2004, but the dividends not disbursed until 2005.