James Carroll Fox

IRA#2 — Int/Div

AMERICAN INTERNATIONAL GROUP INC COMM — Soild

AUTOMATIC DATA PROCESSING INC COMM

MEDTRONIC COMM

MICROSOFT CORP COMM

PFIZER COMM

WACHOVIA CORP COMM — Sold

RESERVE PRIMARY FUND M/M

TREASURY CASH TRUST M/M — Open

IRA #1 — Int/Div

ABBOTT LABROTORIES COMM

MEDTRONIC COMM

BB&T CORPCOMM

BANK OF AMERICA COMM

CREE, INC COMM — Buy

CREE, INC COMM — Sold

TREASURY CASH TRUST M/M — Open

DUKE ENERGY CORP NEW COMM

GENERAL ELECTRIC CO COMM

ELILILLY & COCOMM

MICROSOFT CORP COMM

PROCTER & GAMBLE CO COMM

SUNRISE SENIOR LIVING INC COMM

ROYAL DUTCH PETROLEUM COC OMM

TEXAS INSTRUMENTS INC COMM

THE CHUBB CORP COMM

WYETH COMM

RESERVR PRIMARY FUND MM

PEPSICO INC COMM

GENERAL ELECTRIC CAP CORP NOT E BOND

CITIGROUP GLBL MKTS NOTE BOND

IBM CORP NOTE BOND — Redeemed

SCHERING PLOUGH CORP NOTE BON D ]

BROKERAGE #1

RESERVE PRIMARY FUND M/M — Int/Div

TREASURY CASH TRUST M/M — Int/Div — Open

BROKERAGE #2

RESERVE PRIMARY FUND MM — Int/Div

TREASURY CASH TRUST MM — Int/Div — Open

EATON VANCE FUNDMF #1 — Int/Div

CHESTNUT STREET EXCHANGE FUND MF#1 — Int/Div

FEDERATED CAPITAL APPRECIATION EXCHANGE FUNDMF #1 — Int/Div

EATON VANCE FUNDMF #2 — Int/Div

CHESTNUT STREET EXCHANGE FUND MF#2 — Int/Div

FEDERATED CAPITAL APPRECIATION EXCHANGE FUND MF #2 — Int/Div

TRUST#1 — Int/Div — A

GENERAL ELECTRIC CO COMM — Sold (part)

GENERAL ELECTRIC CO COMM — Sold

3MCOCOMM — Sold

DIAGO PLC COMM — Sold

PROCTER & GAMBLE CO COMM — Sold

LOWES CO COMM — Sold (part)

LOWES CO COMM — Sold

PHARMACEUTICAL PRODUCTS DE VELOPEMENT COMM — Sold (part)

PHARMACEUTICAL PRODUCTS DE VELOPEMENT COMM — Sold (part)

PHARMACEUTICAL PRODUCTS DE VELOPEMENT COMM — Sold (part)

PHARMACEUTICAL PRODUCTS DE VELOPEMENT COMM — Sold (part)

HEWLETT PACKARD CO COMM — Sold (part)

MICROSOFT CORP COMM — Sold

WYETH COMM — Sold

EXXON MOBILE CORP COMM — Sold (part)

EXXON MOBILE CORP COMM — Sold (part)

AT&TINC COMM — Sold

BANK OF AMERICA COMM — Sold

HARTFORD FINL SVCS GRP COMM — Sold

JP MORGAN CHASE & CO COMM — Sold

PRAXAIR INC COMM — Sold

VERIZON COMMUNICATIONS COMM — Sold

ELL INTERNATIONAL PROPERTY CO MM — Sold

GOLDMAN SMALL CORE VALUE FU ND MF — Soild

TOUCHSTONE MID CAP FUND MF — Sold

DODGE & COX INTERNATIONAL MF — Sold

SSGA FUNDS EMERGING MKTS MF — Buy (add'l)

SSGA FUNDS EMERGING MKTS MF — Sold

BARCLAYS BAMK PLC FUND MF — Sold (part)

BARCLAYS BAMK PLC FUND MF — Sold

COHEN & STEER INSTL RLTY FUND MF — Sold

EVERGREEN NC MUNICIPAL BOND F UND MF — Sold

EVERGREEN NC MUNICIPAL BOND F UND MF — Buy

EVERGREEN NC MUNICIPAL BOND F UND MF — Buy (add'l)

NUVEEN FUNDS HIGH YIELD MUNI BOND MF — Sold

NUVEEN FUNDS HIGH YIELD MUNI BOND MF — Buy (add'l)

PIMCO EMERGING MARKETS BOND FUND MF — Sold

PIMCO EMERGING MARKETS BOND FUND MF — Buy

PIMCO EMERGING MARKETS BOND FUND MF — Buy (add'l)

WACHOVIA SHORT TERM INVEST MENT FUND M/M — Closed

FAIRPOINT COMMUNICATIONS INC COMM — from line 72)

FAIRPOINT COMMUNICATIONS INC COMM — Sold (part)

FAIRPOINT COMMUNICATIONS INC COMM — Sold

HARBOR INTNL FUND MF — Buy

HARBOR INTNL FUND MF — Sold

ING REAL ESTATE FUND MF — Buy

ING REAL ESTATE FUND MF — Sold

JOH HANCOCK S/C INTRINSIC FD MF — Buy

JOH HANCOCK S/C INTRINSIC FD MF — Sold

MORGAN STANLEY INSTL FUND MF — Buy

MORGAN STANLEY INSTL FUND MF — Sold

MUNDER MID CAP CORE GROWTH FUND MF — Buy

MUNDER MID CAP CORE GROWTH FUND MF — Sold

JP MORGAN INTREPID EMERG MKT MF — Buy

JP MORGAN INTREPID EMERG MKT MF — Sold

NUVEEN FLAGSHIP MULTISTATE TR NC MUNI BD RMF — Buy

NUVEEN FLAGSHIP MULTISTATE TR NC MUNI BD RMF — Sold

T ROWE PRICE TAX FREE HIGH YLD FD MF — Buy

T ROWE PRICE TAX FREE HIGH YLD FD MF — Sold

ISHARES MSCI EAFE INDEX FUND MF — Buy

IIa. — Buy (add'l)

ING INTNL REAL ESTATE FUND MF — Buy

ISHARES RUSSELL MIDCAP INDEX FUND MF — Buy

ISHARES RUSSELL MIDCAP INDEX FUND MF — Buy (add'l)

ISHARES RUSSELL 2000 INDEX FUND MF — Buy

ISHARES RUSSELL 2000 INDEX FUND MF — Buy (add'l)

SPDR DJ WILSHIRE REIT ETF MF — Buy

VANGUARD EMERGING MARKETS ETF MF — Buy

VANGUARD EMERGING MARKETS ETF MF — Buy (add'l)

GOLDMAN SACHS LARGE CAP VA LUE FD MF — Buy

KARs0R CAPITAL APPRECIATION F — Buy

OPPENHEIMER COMMODITY STRA TEGY FD MF — Buy

FEDERATED PRIME OBLIGATIONS F DMM — Open

TRUST #2 — Int/Div — B

GENERAL ELECTRIC COMM — Sold

UNITED TECHNOLOGIES CORP CO MM — Sold (part)

CARNIVAL CORP COMM — Sold (part)

CARNIVAL CORP COMM — Sold

LOWES COMM — Sold (part)

LOWES COMM — Sold

HEWLETT PACKARD COMM — Sold

IBM CORP COMM — Sold

PROCTER & GAMBLE COMM — Sold

3M CO COMM — Sold

MICROSOFT CORP COMM — Sold

JOHNSON & JOHNSON COMM — Sold (part)

JOHNSON & JOHNSON COMM — Sold

EXXON MOBILE CORP COMM — Sold (part)

EXXON MOBILE CORP COMM — pant)

EXXON MOBILE CORP COMM — Sold

AT&T COMM — Sold

BANK OF AMERICA CORP COMM — Sold

JP MORGAN CHASE & CO COMM — Sold

WACHOVIA CORP COMM — Sold (part)

WACHOVIA CORP COMM — Sold

PRAXAIR INC COMM — Sold

DODGE & COX INTNL FUND MF — Sold

ELL INTNL PROPERTY MF — Sold

GOLDEN SMALL CORE VALUE FUND MF — Sold

SSGA FDS EMERGING MKTS FUND M F — Buy (add'l)

SSGA FDS EMERGING MKTS FUND M F — Sold

TOUCHSTONE MID CAP FUND MF — Sold

COHEN & STEER INSTL RLTY FUND MF — Sold

BARCLAY BANK PLC FUND MF — Sold (part)

BARCLAY BANK PLC FUND MF — Sold

EVERGREEN NC MUNI BOND MF — Sold

NUVEEN FDS HIGH YIELD MUNI BO ND MF — Sold

PIMCO EMERGING MARKETS BOND MF — Sold

WACHOVIA SHORT TERM INVEST FU ND MM — Closed

HARBOR INTNL FUND MF — Buy

HARBOR INTNL FUND MF — Sold (part)

HARBOR INTNL FUND MF — parr)

ING REAL ESTATE FUND MF — Buy

JOHN HANCOCK S/C INTRINSIC FD MF — Buy

JOHN HANCOCK S/C INTRINSIC FD MF — Sold

MORGAN STANLEY INST. FUND MF — Buy

MORGAN STANLEY INST. FUND MF — Sold

MUNDER MID CAP FUND MF — Buy

MUNDER MID CAP FUND MF — Sold

JP MORGAN INTREPID EMERGING M ARKETS FD MF — Buy

JP MORGAN INTREPID EMERGING M ARKETS FD MF — Sold

NUVEEN FLAGSHIP MULTISTATE TR MF — Buy

T ROWE PRICE TAX FREE HIGH YI ELD FD MF — Buy

T ROWE PRICE TAX FREE HIGH YI ELD FD MF — Sold

ING INTNL REAL ESTATE FD MF — Buy

ISHARES MSCI EAFE INDEX FUND MF — Buy

ISHARES RUSSELL MID CAP INDEX FD MF — Buy

ISHARES RUSSELL 2000 INDEX FUND MF — Buy

SPDR DJ WILSHIRE REIT ETF MF — Buy

VANGUARD EMERGING MARKETS ETF MF — Buy

GOLDMAN SACHS LARGE CAP VA LUE FUND MF — Buy

HARBOR CAPITAL APPRECIATION F UND MF — Buy

OPPENHEIMER COMMODITY STRA TEGY FUND MF — Buy

EVERGREEN NC MUNI BOND FUND MF — Buy

EVERGREEN NC MUNI BOND FUND MF — Buy (add'l)

NUVEEN FUNDS HIGH YIELD MUNI BOND MF — Buy

NUVEEN FUNDS HIGH YIELD MUNI BOND MF — Buy (add'l)

PIMCO EMERGING MARKETS BOND FUND MF — Buy

PIMCO EMERGING MARKETS BOND FUND MF — edo

FEDERATED PRIME OBLIGATIONS F DMM — Open

FOUNDATION # 1 — Int/Div — C

WYETH COMM

BB&T CORP COMM

DUKE ENERGY CORP NEW COMM

NUVEEN PREF & CONV INCOME MF

PIEDMONT NATURAL GAS COMM

VERIZON COMMUNICATIONS COMM

IDEARC INC COMM

WACHOVIA CORP COMM

SPECTRA ENERGY CORP COMM

WILLIS LEASE FINANCE CORP COM M

UNION TANK CORP BOND

CONSOLIDATED EDISON BOND

FORD MOTOR CREDIT CORP NOTE

VERIZON MARYLAND BOND

RESERVE PRIMARY FUND M/M

TREASURY CASH TRUST M/M

FAIRPOINT COMMUNICATIONS INC COMM — from line 205)

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NOTE A - Under the distributive provisions of the Tust # 1. the income of said trust, within the sole and absolute discretion of the corporate trustee thereof, may be

distributed in whole or in part to members. The class of potential distributees may be increased by the birth of additional members and by future marriage of

members. The corporate trustee, in its sole discretion, may distribute all or any portion of the corpus of said trust to any one or more such beneficiaries if

neccessary to meet the reasonable needs of such beneficiary. James C. Fox was a co-trustee until his resignation and appointment of a successor trustee on August

16, 2006. James C. Fox has a testamentary limited power of appointment with regard to the corpus of the trust.

NOTE B - Under the distributive provisions of the Tust # 2. the income of said trust, within the sole and absolute discretion of the corporate trustee thereof, may be

distributed in whole or in part to members. The class of potential distributees may be increased by the birth of additional members and by future mamage of

members. The corporate trustee, in its sole discretion, may distribute all or any portion of the corpus of said trust to any one or more such beneficiaries if

neccessary to meet the reasonable needs of such beneficiary. James C. Fox was a co-trustee until his resignation and appointment of a successor trustee on August

16, 2006. James C. Fox has a testamentary limited power of appointinent with regard to the corpus of the trust.

NOTE C - James C. Fox is a co-trustee of the Foundation # 1, a trust created and operated for charitable, religious, scientific and educational purposes. The assets

of the trust approximated $461.025.69 at December 31. 2008.

NOTE D - Abbreviations used in the descriptions of assets, Part VII include the following: "COMM?" designates common stock; "PREF" designates preferred

stock; "M/M" designates a cash equivalent money market account; "BOND" designates a corporate bond; "MUNI" designates a tax exempt bond; and "MF"

designates a mutual find.