John Gilpin Heyburn 2

SBC Partners Lid — Int/Div — ion

HILLIARD LYONS TRUSTEE(IRA) — Int/Div

Hilliard-Lyon Gov't Fd.

Berkshire Hathaway-B

Bristol Myers Squibb

Chevron

Cincinnati Fin.

Exxon Mobil

MBIA

Growth Fd. Of America — buy

Lord Abbett Fd — sale — Fd sold

HILLIARD LYONS TRUSTEE (IRA -Hilliard-Lyon Gov't Fd. - — Int/Div

12.2. Growth Fd. of America — wy

Invest Co.of Am.

New Economy Fd — sold — Fd sold

Smalicap Wid.Fd

OTHER INVESTMENTS

Hilliard-Lyon Gov't Fd. — Int/Div

Anheuser Busch — Int/Div

Berkshire Hathaway — Int/Div

Bristol Myers Squibb — Int/Div

Brown Forman Inc. — Int/Div

Chevron Corp. — Int/Div

Cincinnati Fin.Corp. — Int/Div

Clorox Co, — Int/Div

Colgate Palmolive — Int/Div

Disie Co. — Int/Div

Ebay Inc. — Int/Div — buy

Exxon Mobil — Int/Div

General Electric Co. — Int/Div — sale

General Electric Co. — Int/Div — sale

General Electric Co — Int/Div

Glaxco Smith Kline — Int/Div — gut

Growth Fd. Of America — Int/Div — buy

Hilliard Lyons Growth — Int/Div — sale — (paitin)

Home Depot Inc — Int/Div

MBIA Inc. — Int/Div

Merck and Co. — Int/Div — sale — (partial)

Microsoft — Int/Div — sale

Moodys — Int/Div

Nike — None — stock sold 4722003

Proctor & Gambill — Int/Div

RH Bumbey Inv. LLC — Int/Div

Safeguard Scientifics — Int/Div — sale

Sara Lee Corp. — Int/Div

Soleson — Int/Div — sale

Starbucks Comp. — Int/Div — ovy

SY Bank Corp. — Int/Div — buy

US Wireless Online, Inc. — Int/Div

Walgreens — Int/Div

Washington Mut. Inc. — Int/Div — buy

Wyeth, formerly Amer. Home Prod — nvigenc

Zebra Tech. — Int/Div — buy

Zimmer Hidgs — Int/Div

TRUST-A

Blackrock Fd. — Note 1

Gen Elect

PNC Bank — Note 2

SYBank — Nowe 2

JP Morgan Co. — buy

TRUSTE Armanda Money MkLFd — Int/Div — Note 2

Ky. Tax Exempt Money Fd

BPPLC ADR

Coca Cola Co — Note 2

Gannett Co.

Glaxo Wellcome PLC

Honeywell intl — buy

Johnson & Johnson

Anheuser Busch — Int/Div

Berkshire Hathaway — Int/Div

Bnstol Myers Squibb — Int/Div

Brown Forman Inc — Int/Div

Chevron Corp. ®. — Int/Div

Cincinnati Fin Corp. — Int/Div

Clorox Co — Int/Div

Colgate Palmolive — Int/Div

Disney Co. — Int/Div

Ebay Inc — Int/Div — buy

Exxon Mobil — Int/Div

General Electric Co — Int/Div — sale

General Electric Co. — Int/Div — sale

General Electric Co — Int/Div

Glaxco Smith Kline — Int/Div — gift

Growth Fd. Of America — Int/Div — buy

Hilliard Lyons Growth — Int/Div — sale — (partial)

Johnson and Johnson — Int/Div

MBIA Inc — Int/Div

Merck and Co — Int/Div — sale — (partial)

Microsoft — Int/Div — sale

Moodys a. — Int/Div

Nike — None — stock sold 422/03

Proctor & Gambill — Int/Div

RH Bumhey Inv. LLC — Int/Div

Safeguard Scientifics — Int/Div — sale

Sara Lee Corp. — Int/Div

Solectron — Int/Div — sale

Starbucks Corp — Int/Div — buy

SY Bank Corp. — Int/Div — buy

US Wireless Online, Inc — Int/Div

Walgreens — Int/Div

Washington Mut. Inc. — Int/Div — buy

Wyeth, formerly Amer. Home Prod. — Int/Div

Zimmer Hidgs — Int/Div

TRUST -A — Int/Div

Blackrock Fd, — Note

Gen Elect.

National City a

PNC Bank — Note 2

SY Bank — Note 2

JP Morgan Co. — buy

TRUST-S - Armanda Money Mkt. Fd — Int/Div — Note 2

Kv. Tax Exempt Money Fd

BP PLC ADR

Coca Cola Co — Note 2

Gannett Co

Glaxo Wellcome PLC

Honeywell Intl — buy

Johnson & Johnson

Marsh & McLennan

National City Corp.

Nokia Corp — buy

Proctor & Gamble

Schlumberger Lid

Verizon Communications =

CHARITABLE FOUNDATION - H — Int/Div

Hilliard Lyons Growth

Income — FT Ath 1. — oo ted Wl uh

(Jidicale pa of Report}

Note | - The Blackrack Fd is a PNC Money Marke! Fund that | have owned for score time, but gpecilically identified in 2004, Proviously identified as

cash or Cash Equiv. Fd.

Neic 2 - This sock was owned in 2003,

Vi