Joan B. Gottschall

Vanguard Wellington Fund — Int/Div

Vanguard Wellesley Fund — Int/Div

Vanguard Index Trust — Int/Div

Vanguard Prime Portfolio — Int/Div

Van Kampen Emerging Growth Fund (ren amed Strategic Growth A) — None — Sold — Pt. VIII, n. 4

US Treasury Strip (11-15-09) — None

Fed Empl Credit Union Acts — Interest

IBM common stock — Int/Div

Sr.Hi Inc Port. (renamed BlackRock Sr.Hi.l ne) — Int/Div — Sold — Pt. VIII, n.4

Time Wamer c/stock — Int/Div — Sold

Intel c/stock — Int/Div

Waste Management c/stock — Int/Div

Vanguard Tax-Managed Growth & Income Fund — Int/Div

Hewlett-Packard c/stock — Int/Div

Caremark c/stock (Now CVS Caremark) — Int/Div

MEFS Mid-Cap Growth Fund B — None

Putmam New Value Fund — None — Sold

MFS Value Fund B — Int/Div — Pt. VIII, #3

Vanguard Capital Opportunity Fund — Int/Div

BlackRock Large Cap Value — Int/Div

BlackRock Value Opportunities — Int/Div

I Shares Russell 1000 Growth Index Fd. — Int/Div — Buy — more

Third Avenue Fund — Int/Div — Buy — more

Third Avenue Fund — Int/Div — Sold

I Shares Russell Midcap Index Fd. — Int/Div — Buy — more

I Shares Russell 2000 Growth Index Fd. — Int/Div

Vanguard Intem'l Eq. Idx. Emerg. Mkt. Etf — Int/Div — Buy — more

I Shares Russell 2000 Index Fd — Int/Div

I Shares Russell Midcap Growth Index — Int/Div

JP Morgan Growth Advantage Fd. — None — Buy — more

JP Morgan Intrepid Intem'l Fd — Int/Div — Buy — more

JPMorgan Intrepid Intern] Fd. — Int/Div — Sold (part)

JP Morgan Asia Equity Fd — Int/Div — Buy — more

JPMorgan Asia Equity Fd. — Int/Div — Sold (part)

JP Morgan Tax Aware Short Intrmed Inc — Int/Div

JP Morgan Intermed. Tx. Free Bond — Int/Div — Buy — more

JP Morgan Tax Aware Real Ret. Fd. — Int/Div — Buy — more

JP Morgan Intrepid Growth Fd. — None — Buy — more

JPMorgan Intrepid Growth Fd. — None — Sold

Fidelity Adv. Hi Inc Advantage Fd. — Int/Div — Buy — more

Fidelity Adv. Hi Inc Advantage Fd — Int/Div — Buy — more

Harbor Fd. Intem'l Fd. Instl C1 — Int/Div — Buy — more

JP Morgan US Large Cap Core Plus — Int/Div

JP Morgan US Equity Fd. — Int/Div — Buy — more

JP Morgan Intrepid America Fd. — Int/Div — Buy — more

JPMorgan Intrepid America Fd. — Int/Div — Buy — more

JP Morgan/Chase checking account — Interest — changes

JP Morgan/Chase savings account — Interest — changes

JP Morgan Chase 100% US Treasury MM Fd. (asset acct) — Int/Div — Part VIII, n.2

JP Morgan Chase 100% US Treasury MM Fd. (investment acct) — Int/Div — Part VIII, n.2

JP Morgan Chase 100% US Treasury MM Fd. (retirement account) — Int/Div — Part VIII, n.2

JP Morgan Chase CD — Interest — Matured

JPMorgan Chase CD — Interest — Buy

JPMorgan Chase CD — Interest — Matured

JPMorgan Short Duration Bd. Fd. — Interest — Buy

IShares Tr US Treas. Infln.Prot.Secs. Fd. — Int/Div — Buy — Barclays Tips Bd.

JPMorgan Intem’'l Value Fund — Int/Div — Buy

JPMorgan Highbridge Stat Mkt Neut Fd — Int/Div — Buy

Manning & Napier Fd Inc New Eq Ser — Int/Div — Buy

Spdr Tr Unit Ser 1 — Int/Div — Buy

Eaton Vance Invt Tr Lg Cap Value Fd — Int/Div — Buy

Dodge & Cox Fds Intl Stk Fd — Int/Div — Buy

Member, Visiting Committee to the Divinity School, University of Chicago

Member, Board of Directors, Illinois Humanities Council

Member, Board of Directors, Martin Marty Center at the University of Chicago Divinity School

Income — See Section VIII, note 1 — $0.00

associations.” Memorandum from James C. Duff to Judges, U.S. Courts (Oct. 20

2008)

You inquire whether your acceptance of privileges at the Union League Club

(“Club”) for a monthly fee of $73 violates the honorary club membership

restriction. Information about the Club and your privileges is contained in your

inquiry and in a memorandum that you supplied from another privilege holder who

is a federal district judge in Chicago

The Club offers seventeen membership categories, including “Honorary

Members,” but judges do not participate under any of these membership

categories. Instead, the Club offers judges access to Club facilities and services as

“Judicial Privilege Holders

The Club has similar Privilege Holder categories for

clergy, distinguished artists, elected officials, consuls general, military officers, and

relatives of members. Privilege Holders have restricted rights in the Club; they

may not vote, hold any office in the Club, or serve on a standing committee

Each Judicial Privilege Holder pays a $73 monthly fee, the same fee that is

charged to clergy and military Privilege Holders. Consuls general, distinguished

artists, and elected officials pay no monthly fee. The $73 fee is equal to the fee

charged to the youngest class of Members. Privilege Holders may eat at the Club

host banquets and other meetings, use the barber shop, and stay in the hotel rooms

Privilege Holders pay the same amount for these services as regular Members.

Services available to Privilege Holders do not include the Club’s athletic facilities,

for which an extra monthly fee is required. Members’ fees rise over time (to a high

of $245 a month), but the Club only raises the Privilege Holder/young Member fee

occasionally to cover increased overhead costs. The Club has indicated that the $73

monthly fee more than covers the overhead costs incurred by the Club with respect

to each individual in that dues category.

According to section (a)(1) of the Club Amendment, the term “gift” takes its

meaning from section 109(5) of the Ethics in Government Act, 5 U.S.C. App., and

includes “a payment, advance, forbearance, rendering, or deposit of money, or

anything of value, unless consideration of equal or greater value is received by the

donor.” While the terms “honorary” and

mbership” are not defined, the statute

appears to apply to gifts of special access privileges extended to judges because of

their office and offered at a rate below that paid by individuals who are not judges