John A. Houston

Rental Property(1), Birmingham, AL — Rent — Sell — Brooks

Rental Property (2), San Diego County, CA — Rent

San Diego Gas & Electric (Sempra) — Int/Div

San Diego Gas & Electric (Sempra) — Int/Div

Oppenheimer Capital Appreciation Mutual Fund- IRA — Int/Div

Oppenheimer Capital Appreciation Mutual Fund - IRA — Int/Div

Fidelity Funds - IRA — Int/Div

Fidelity Discovery Fund — Int/Div

Fidelity New Markets Fund — Int/Div

Trust — Int/Div

McDonalds Common Stock — Sold

AT&T (Common Stock) — Sold

Alcoa (Common Stock) — Sold

Merck (Common Stock) — Sold

Coca-Cola (Common Stock) — Sold

Goodyear (Common Stock) — Sold

3M (Common Stock) — Sold

Caterpillar (Common Stock) — Sold

CenterPoint Energy (Formerly Houston Ind) (Common Stock) — Sold

Time Warner (Common Stock) — Sold

Janus Mercury Fund (Mutual Fund) — Sold

Microsoft (Common Stock) — Sold

Leap Wireless Communications (Common Stock)

Home Depot (Common Stock) — Sold

Qualcomm (common stock) — Sold

Nuveen Limited Term Municipal Bond Fund — Interest

MSDW Dividend Growth Securities Fund — Int/Div

MSDW California Tax-Free Income Fund — Interest

AIM Advisor Real Estate Fund — Int/Div

Eaton Vance WW Health Sciences Fund — Int/Div

Eaton Vance Taz Managed Growth Fund — Int/Div

Franklin Calif Trax Free Income Fund — Interest

MFS MidCap Growth Fund — Int/Div

Putnam Rsearch Fund — Int/Div

Putnam Intemational Voyager Fund — Int/Div

Sentinel Small Cap Companies Fund — Int/Div

Reserve Primary Fund Class R — Int/Div

Lord Abbet Mid Cap Val Class C — Distribution

MEFS Val Class B — Int/Div

MEFS Value Class C — Int/Div

American AMCAP Class C — Distribution

John Hancock US Glob Leaders Growth Class C — Int/Div

Putnam Tax Smart Equity Class B — Int/Div

Delaware Tax-Free California Class B — Interest

Sisters Investing N Securi ties(SIS)(Investment Club) — Int/Div — Liquidation

Apple (Common Stock)

Harley Davidson (Common Stock)

Limited, Inc. (Formerly Intimate Brands (Common Stock)

Qualcomm (Common Stock)

Tricon Global (Common Stock)

Leap Wireless (Common Stock)" (X)"

America On Line (Common Stock)

Walt Disney (Common Stock)

Cisco

Microsoft

Putnam Voyager Mutual Fund

Southwest Airlines

General Electric

Phizer, Inc

Amylin Pharmaceutical

Phoenix Mutual Funds- Simple-IRA — Int/Div

Phoenix Strategic Theme Class B

Real Property (3), Birmingham, AL — None — Buy — of America

Co-Trustee, Trust

Liability — Wells Fargo Bank — Mortgage - Investment Real Property

Liability — Pentagon Federal Credit Union — Credit Card

Liability — Citibank — Credit Card

Liability — Chase (Formally Bank One) — Credit Card

Liability — Pentagonfederal Credit Union — Mortgage- Rental Property - Birmingham,Al (Cntd Part 8

Liability — Chase Gold — Credit Card

Spouse's income — Self Employed (consultant/clinical psychologist)

Spouse's income — 3 — Center For Creative Leadership, La Jolla ,CA

Spouse's income — 5. — Alliant International University, San Diego, CA

Partt VII.

Item 1. Columns D(2) and (5): The exact date of sale and the purchaser is unknowmn to me at this time. | have included the name of my real estate agent in

Birmingham, AL who I have not been able to contact.

Note: My personal residence and its contents, including records of this transaction, were totally destroyed in the October 22, 2007 San

Diego wildfires. My recent efforts to obtain thiis data have not been successful.

Item 10 Trust. All assets sold/liquidatd in the fall of 2007, except Nuveen (#48) and Leap Wireless (#23)., the latter reportedly having no value. Items 25

(Phoenix Strategic Equity Opportunity - Class B) and 26 (Phoenix Seneca Strategic

Thene - Class B) are not assets of the trust

but IRA assets.

Items 25 -28, inclusive identified in the 2006 report [Phoenix Strategic Equity Opportunity - Class B, Phoenix Seneca Srategic Theme - Class B, Reynolds

Mutual Fund and Legg Mason Value Focus Mutual Fund, respectively].. Those items have

NOT been included in this report in that thery

are owned and have always been owned by

The assets were derived from his individual income and I do not derive or expect to derive

any benefit from them. While 1

controlled the assets to an extent and provided direction and guidance with respect to the investments when

he was younger, 1 no longer exercise any control over the assets, and have not done so for the last few years. I believe the assets should

have

been deleted fron this disclosure a few years ago and I inadvertently failed to delete them.

Items 25 (Qualcomm) and 26 (Nuveen) in this report, which were items 47 and 48 respectively, in the 2006 report.. These assets were inadvertently separated

from the Trust assets that begin at Item 10 in the 2006 reporting period. I have placed

them under the trust assets in this report.

Item 45 (SIS Investment Club)in this report, which was item 49 in the 2006 report. The investment club was disbanded by mutual agreement and all assets (#

50 - 66) sold in August 2007.

Item 65 (Real Property) was purchased at a foreclosure sale for $45,000. The Wells Fargo loan (Part V1.) is secured by this property. 1am not certain who

the sellar was. My recollection is that the seller was Bank of America. I recall it tooka

couple of months to obtain the deed as there was

confusion by title company as to who needed to sign. The note under item 1 is applicable here.