William H. Steele

AmSouth Bank Account — Interest

Fidelity Puritan — Int/Div

Public Employees Benefit Service Co. — Int/Div — Buy

AG Edwards (IRA) — None

SunAmerica Blue Chip Fund Clase B

Resources Accrued Mortgage Limited Partnership

Putnam International New Opportunities

Grey Wolf Inc

Legg Mason (IRA) — Int/Div

Alliance Bernstein Class A

Alliance Technology

Johm Hancock Regional Bank

Alliance Real Estate Investment Fund

Jemison Blend Fund Class A

AMCAP Fund — Int/Div

Putnam Voyager — Int/Div

Templeton Foreign — Int/Div

John Hancock Financial Industries — Int/Div

Mutual Shares (TESIX) — Int/Div

Alliance Large Capital Growth — None

Hewlett-Packard (previously Compaq Computer Corp.) — Int/Div — Sell

Putnam Allstate Advisor (Annuity) — None

Gulf Coast Federal Credit Union — Interest

Steele Enterprises LLC — None

Putnam FD for Growth & Income — Int/Div

Putnam Mid Cap Value Fund — Int/Div

Putnam Small Cap Growth — Int/Div

Fidelity Adv Emerging Markets Income Fund — Int/Div

PIMCO High Income Fund — Int/Div — Sell

AG Edwards IRA (FBO)

AT&T Corp. — Sell

AT&T Wireless — Merger

CML Group — Sell

Comcast Corp.

Enterasys Networks Inc — Sell

Riverstone Networks Inc — Sell

FT E-Business Portfolio — Redemption

AIM Funds Group-Aggressive

AIM Funds Group-Premier Eq.

Putnam Intl. New Opportunities

Pumam New Opportunities

Pumam Vista Fund

Pumam Voyager Fund

FT Biotechnology Growth — Reorg.

Euro Pacific Growth — None — Buy

Euro Pacific Growth — None — out

Growth Fund of America — None — Buy

Centennia) Money Market — Interest

ADC Telecommunications — None — Sell

Atmel Corp. — None — Sell

Cisco Systems — None — Sell

EMC Corp. — None

Intel Corp. — Int/Div

Nokia Corp. — Int/Div

Sun Microsystems — None — Sell

Tellabs — None — Sell

Time Wamer — Int/Div

Flextronics Intl. Ltd — None — Sell

VK Morgan Stanley High Tech — Int/Div — Sell

AIM Funds Group-Premier Eq. — None — Sell

Putnam Mid Cap Value Fund — None — Sell

Putnam New Opportunities — None — Sell

Campbell Strategic Allocation Fund — None

Europacific Growth Fund — Int/Div — in

Fundamental Investors Inc — Int/Div

Growth Fund of America — Int/Div

New Economy Fund — Int/Div

Smallcap World Fund Inc. — Int/Div — Sell

Liability — Navy Federal Credit Union — Auto Loan

Income — 12/31/05 — Musician Fees — $875

Spouse's income — 12-31-05 — City of Mobile, Alabama - Salary

VII.1 (prior year)- Growt Fund of Amenica. This investment information is now combined with line #66.

VII.3 - Additional shares were purchased in 2005.

VIL6 - Appraisal date 12/31/05.

VII.10 - Name change only from Alliance Premier Growth.

VIL14 - Name change only from Strategic Partners Equity.

VIL20 - Name change only from Alliance Premier Growth.

VII.24- It is not anticipated that any income will be derived from the LLC. Allincome will be realized by the manager.

'VII.28 (prior year) - AOL Time Warner. This investment information is now combined with line #57.

VII.32 - Merged with Cingular. See line 34.

VII37 - Scheduled termination of security.

vie - Reorganization resulted in distribution.

V11.46 - Europacific Growth. Mandatory IRA (FBO) distnibution of stock resulted in transfer of investment to non-1RA account (see line 64)