James Robertson Nowlin

DainRauscher, Austin, Texas (transfer from Smith Bamey) — Interest

Affiliated Computer Services, A — None

Cisco Systems — None

Clear Channel Communications — None

General Electric Company — Int/Div

Nokia — None

Pfizer — Int/Div

AT&T (formerly SBC) — Int/Div

Intemational House of Pancakes (IHOP) — Int/Div

Euro Disney S Cl Sh — None — redemption — market

Euro Disney Warrants — None — redemption — market

Caterpillar, Inc. — Int/Div — buy — market

CCE, Inc — None

Income — 2006 — State Employees’ Retirement System of Texas, State Legislative Retirement Income — $39,215.04

Part VII (A):

Re: Items 21 through 31:

Oil/Gas Royalty Interest Payors: No new or additional royalty interests were bought, transferred or sold during this reporting period. Any change or difference

in identity of payors listed herein from prior reports does not reflect or indicate any sale, acquisition or transfer of royalty interests but only reflects changes, if any,

in lease operators or an absence of royalty income from a particular prior listed payor or interest during this reporting period.

Note: Pursuant to Texas law, an oil or gas royalty interest is not an interest in real estate.

Re: Items 26 and 31:

Lease/option/renewal payment for oil and gas royalty interest - no new or additional acquisition of royalty or real estate interests