James O. Browning

Corporation — NOTE I @ Part VIII

Working Interest-Cercion #6, Lea County, NM — None

Working Interest-Cercion #7, Lea County, NM — None

Working Interest-Garza #1, Lea County, N M — None

Working Interest - Shell State #1, Lea C ounty, NM — Royalty

Working Interest - Shell State #2, Lea C ounty, NM — Royalty

Working Interest - Shell State #3, Lea C ounty, NM — None

Working Interest - Shell State #4, Lea C ounty, NM — Royalty

Working Interest - Shell State #6, Lea C ounty, NM — Royalty

Working Interest - Shell State #5, Lea C ounty, NM — None

Working Interest - Snoddy Federal #1, Lea County, NM — Royalty

Working Interest - West Loving #1, Eddy County, NM — Royalty

Working Interest - Queen Lake 36 #1, Edd vy County NM — Royalty

Working Interest - Milano St #1, Eddy C ounty, NM — Royalty

Working Interest - Milano St #2, Eddy Co unty, NM — Royalty

Working Interest - Tirano St, Eddy Count v, NM — Royalty

Working Interest - Hopi Federal, Lea Cou nty, NM — None

Working Interest - Tomcat 16 St #2, Eddy County, NM — Royalty

Working Interest - Tomcat 16 St #3, Eddy County, NM — Royalty

Working Interest - Tomcat 16 St #4, Eddy County, NM — Royalty

Working Interest - Tomcat 16 St #6, Eddy County, NM . — Royalty

Working Interest - Tomcat 16 St #7, Eddy County, NM — Royalty

Working Interest - Tomcat 16 St #8, Eddy County, NM — Royalty

Working Interest - Tomcat 16 St #10, Eddy County, NM — Royalty

Working Interest - Tomcat 16 Fed #13, Ed dy County, NM — Royalty

Working Interest - Oxy Federal #1, Eddy County, NM — Royalty

Willow Lake 35 #1, Eddy County, NM — Royalty

Working Interest - N Scanlon, Eddy Count vy, NM — None

Working Interest - Forty Niner Ridge Unit 3 — Royalty

Working Interest - Forty Niner Ridge Unit 3 — Royalty

Working Interest - Forty Niner Ridge Unit 4 — Royalty

Working Interest - Forty Niner Ridge Unit 6 — Royalty

Working Interest - Forty Niner Ridge Unit i A — None

Working Interest - USP Fee #2, Eddy C ounty, NM — Royalty

Working Interest - Forty Niner Ridge Unit 9 — Royalty — Buy — Production Com pany

Dinero Joint Venture - Roswell, NM — Royalty — Through — Note #2, Part VIII

Dinero Joint Venture - Roswell, NM — Interest — Through — Note #2, Part VIII

Single Member LLC — Note 1, Part VIII

NM Bank & Trust Checking/Savings — None

Rental Property #3, Albuquerque, NM (2 006, $663,074) — Rent

Vacant land #2, Albuquerque, NM (2006, $900,754) — None

Rental Property #2, Albuquerque, NM (2 ! 005, $611.855) — Rent

Fidelity Municipal Money Market (Tax Exempt) — Int/Div

Baron Partners Fund — Int/Div — Sold (part)

Baron Partners Fund — Sold (part)

Baron Partners Fund — Buy (add'l)

Meridian Growth Fund — Sold (part)

Meridian Growth Fund — Sold

Rydex-Nasdaq-100 Inv Formerly known as Rydex OTC Investor — Sold (part)

Rydex-Nasdaq-100 Inv Formerly known as Rydex OTC Investor — Sold (part)

Rydex-Nasdaq-100 Inv Formerly known as Rydex OTC Investor — Sold

Vanguard Total Stock Market — Int/Div — Buy

Checking Account at New Mexico Bank & Trust — None

Trust #1 - Vanguard Brokerage Acct - Prime Money Market — Int/Div

Trust#1 - Treasury Bills — Interest

Trust #1 - Savings Bonds — Interest

Trust #] (Brokerage Account at Fidelity) — NOTE 1 @ Part VIII

Fidelity Municipal Money Market — Int/Div

Travelers Cos Inc Com Common Stock — Sold

IRA #1 (Fidelity Brokerage Account) — NOTE 1 @ Part VIII

Timewamer Common Stock — Int/Div — Sold

EMC Common Stock — None

Proctor & Gamble Common Stock — Int/Div — Sold

Intemational Paper Common Stock — Int/Div — Sold

Microsoft Common Stock — Int/Div

PMC - Sierra Common Stock — None

Pfizer Common Stock — Int/Div — Sold

Charles Schwab Common Stock — Int/Div

Tellabs Common Stock — None

Xilinx Common Stock — Int/Div

Baron Small Cap Fund

Baron Partners Fund — Int/Div

Dodge & Cox Intemtl Stock Fund — Int/Div

Meridian Growth Fund — Int/Div

Rydex Nasdaq 100 Formerly Known As R ydex OTC Inv Class — None

Vanguard Int'l Growth Portfolio — Int/Div

Vanguard Total Stock Market — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Fidelity Cash Reserves — Int/Div

Macys Inc common stock — Int/Div — Sold

Fidelity Int'l Discovery — Int/Div

IRA #2 (Fidelity Brokerage Account) — NOTE I @ Part VIII

AllianceBernstein Global Technology Clas s A (Mutual Fund) — None — Sold (part)

Putnam OTC & Emerging Growth Class A (Mutual Fund) — with line 88)

Putnam Vista Class A — None — from line 87)

Vanguard Total Stock Market — Int/Div — Buy (add'l)

Vanguard Total Stock Market — Buy (add'l)

Fidelity Cash Reserve — Int/Div

Baron Partners Fund — Int/Div

Custodial Account #3 — NOTE @ Part VII

Vanguard Total Stock Market — Int/Div

Fidelity Municipal Money Market — Interest

Baron Partners Fund — Int/Div — Buy

Oppenheimer Scholar's Edge 529 Acct #1 (A. G. Edwards) — None

Oppenheimer Scholar's Edge 529 Acct #2 (A. G. Edwards) — None

Checking Account - Wells Fargo Bank — Interest

Custodian, Custodial Account #3

Director/Vice Chairman, Christian Scholarship Fund

Director/President, Inn of the Courts

Reimbursement — Tulane University Law School — March 8 & 9, 2008 — New Orleans, LA — Preside over Moot Court — Transportation, Lodging & Meals

Spouse's income — 2008 — Self Employed - School Choir Director, income from students’ parents

NOTE 1 - The items listed in Section VII that have the note "See NOTE 1 @ Part VIII" in Column D(5) are headers only. The specific assets held in that

corporation/trust/accounts are indented and listed individually following the header.

NOTE 2 - Dinero Joint Venture (Items #36 and 37, Part VII) sold all of its oil and gas interests during 2006. The Royalty income reported on Item #36 is residual

payments received after December 31, 2006. At December 31, 2008 the only remaining assets in the Joint Venture are cash and treasury securities. The interest

income is reported on Item #37, Part VII. The end-of-year asset value is reported on Item #36, Part VII.