Stewart R. Dalzell

Cape Cod Five Cent Savings — Interest

Bear, Stearns Fed. Fund — Interest

PNC Bank — Interest

RMA Tax Free Fund — Int/Div

BRE Properties, Inc — Int/Div

Vangaurd PA Tax Free Money Fund — Int/Div

Village Super Market — Int/Div

Prime Fund-Cash Reserve Trust — Int/Div

U.S. Treasury strips — Interest — matured — matured

Compton Petroleum — None — buy — on NYSE

Tronox — None — spin-off — received

JP. Morgan Bonds — Interest

Tronox — None — sell — on NYSE

Dow Chemical — Int/Div — sell — on NYSE

Weingarten Realty Inv — Int/Div

Citigroup — Int/Div — buy — add'l shares on

Pfizer, Inc — Int/Div — sell — sale on NYSE

General Electric — Int/Div

GTE South Inc. Bonds — Interest

Sara Lee Corp. Bonds — Interest — matured — matured

VF Corp. — Int/Div — buy — add'l shares on NYSE

Exxon Mobil — Int/Div

SEI Daily Income Trust — Int/Div

Lowes — Int/Div — sell — sale on NYSE

Chevron Texaco — Int/Div

Johnson & Johnson — Int/Div

Goldman Sachs Group Notes — Interest

Fortune Brands — Int/Div — sell — on NYSE

General Dynamics — Int/Div — sell — sale on NYSE

Kerr-McGee Corp. — sell — on NYSE

Intel — Int/Div — sell — sale on

AT&T — Int/Div

Wells Fargo — Int/Div

DuPont — None — sell — on NYSE

J.P.Morgan Chase — Int/Div

Dominion Resources — Int/Div

Xerox Credit Notes — Interest

Sherritt International Corp — Int/Div

Fed. Farm CreditBank Bonds — Interest — buy — on market

Caterpillar — Int/Div — sell — on NYSE

Bank of America — Int/Div — buy — add'l shares on NYSE

Conoco Phillips — Int/Div — sell — sale on NYSE

Int'l Business Machines — Int/Div

Servicemaster — Int/Div

Fed. Home Loan Bank Bonds — Interest — buy — in market

Utilities SPDR Trust — Int/Div

Korea Electric Power Corp — Int/Div

Fairfax Financial Bonds — None — buy — on Toronto Exch.

Fairfax Financial Holdings — None — buy — on NYSE

Compton Petroleum — None — sell — on NYSE

FHLB Bonds — Interest

Plum Creek Timber — Int/Div — buy — add'l shares on NYSE

FHLB Bonds — Interest — call — call

International Coal — None — sell — on NYSE

FFCB Bonds (new) — Interest — buy — new bonds

FHLB Bonds (new) — None — buy — new bonds

Cape Cod Five Cent Savings — Interest

Bear, Steams Fed. Fund — Interest

PNC Bank — Interest

RMA Tax Free Fund — Int/Div

BRE Properties, Inc — Int/Div

Vangaurd PA Tax Free Money Fund — Int/Div

Village Super Market — Int/Div

Cash Reserve Trust — Int/Div

U.S. Treasury strips — Interest — matured — matured

Pepsico — Int/Div

Compton Petroleum — None — buy — on NYSE

Tronox — None — spin-off — received

J.P. Morgan Bonds — Interest

Tronox — None — sell — on NYSE

Dow Chemical — Int/Div — sell — on NYSE

Weingarten Realty Inv — Int/Div

Citigroup — Int/Div — buy — add'l shares on

Pfizer, Inc — Int/Div — sell — sale on NYSE

General Electric — Int/Div

GTE South Inc. Bonds — Interest

SaraLee Corp. Bonds — Interest — matured — matured

VF Corp. — Int/Div — buy — add'l shares on NYSE

Exxon Mobil — Int/Div

SEI Daily Income Trust — Int/Div

Lowes — Int/Div — sell — sale on NYSE

Chevron Texaco — Int/Div

Johnson & Johnson — Int/Div

Goldman Sachs Group Notes — Interest

Fortune Brands — Int/Div — sell — on NYSE

General Dynamics — Int/Div — sell — sale on NYSE

Kerr-McGee Corp — Int/Div — buy — on NYSE

Kerr-McGee Corp — sell — on NYSE

Intel — Int/Div — sell — sale on

AT&T — Int/Div

Wells Fargo — Int/Div

DuPont — None — sell — on NYSE

J.P. Morgan Chase — Int/Div

Dominion Resources — Int/Div

Xerox Credit Notes — Interest

Sherritt Intemational Corp — Int/Div

Fed. Farm CreditBank Bonds — Interest — buy — on market

Caterpillar — Int/Div — sell — on NYSE

Bank of America — Int/Div — buy — add'l shares on NYSE

Conoco Phillips — Int/Div — sell — sale on NYSE

Int'l Business Machines — Int/Div

Servicemaster — Int/Div

Fed. Home Loan Bank Bonds — Interest — buy — in market

Utilities SPDR Trust — Int/Div

Korea Electric Power Corp — Int/Div

Fairfax Financial Bonds — None — buy — on Toronto Exch.

Fairfax Financial Holdings — None — buy — on NYSE

Compton Petroleum — None — sell — on NYSE

FHLB Bonds — Interest

Plum Creek Timber — Int/Div — buy — add'l shares on NYSE

FHLB Bonds — Interest — call — call

Intemational Coal — None — sell — on NYSE

FFCB Bonds (new) — Interest — buy — new bonds

FHLB Bonds (new) — None — buy — new bonds

Reimbursement — The American Law Institute — Lodging for ALI-ABA Satellite Program

Spouse's income — Posel Partnership — Value of Free Movie Pass

Spouse's income — Drinker Biddle & Reath — Tax Return Preparation