David S. Tatel

See Item #20 — Purch

Chevy Chase Bank- checking acct. — Interest

Chevy Chase Bank- CD — Interest

ING Bank So — Interest

SEI Daily Income Prime Obligation Cl. B — Int/Div

Maryland St Dept Transn Cons Transn Rev dtd 9/15/94 5% — Interest

Charles Cnty MD Cons Pub Impt GO dtd 2/15/96 5% — Interest — Redeemed

Starbucks Corp — None

Standard & Poors Midcap 400 — Int/Div

Federal Realty Investment Trust — Int/Div — Sale

Avalonbay Communities — Int/Div

St. Joe Company — Int/Div

Archstone-Smith Trust — Int/Div

Calvert Group Tax-Free Money Market Fund — Int/Div — Sold

Harford Cnty MD 4.25% 1/15/09 — Interest

American Century Global Gold Fund — Int/Div — Sale

See Item #15 — Purch

ISHARES Russell 2000 — Int/Div

ISHARES S&P Europe 350 — Int/Div

ISHARES MSCI Spain — Int/Div

T. Rowe Price New Asia Fund — Int/Div

Morgan Stanley MTN Var-Cpn due 2/01/11 — Interest

Nexen Inc — Int/Div

Suncor Energy Inc — Int/Div

U.S. Treasury Bill Z-Cpn due 2/23/06 — Interest — Matured

U.S. Treasury Bill due 4/27/06 — Interest — Matured

Midfirst Bank CD 4% due 10/5/06 — Interest — Matured

Eincana Corp. — Int/Div — Purchased

iShares MSCI Germany — Int/Div — Purchased

U.S. Treasury Bill duel0/26/06 — Interest — Purchased

See Item 30 — Matured

FHLB 5.125% due 6/18/08 — Interest — Purchased

U.S. Treasury Bill due 6/22/06 — Interest — Purchased

See Item #33 — Matured

Individual Retirement Account — Int/Div

SEI Daily Income Prime Obl C1 B

Avalonbay Communities Inc — Sale

See Item #54 — Sale

Royce Value Trust, Inc — Purch

See Item #56 — Sale

Adams Express Co — Sale

See Item #58 — Sale

Standard & Poors Midcap 400

Cohen & Steers Total Return Realty Fund, Inc.

Franklin Capital Growth Fund

Franklin Equity Income Fund

Ishares MSCI Canada Index Fund, Inc

T. Rowe Price Growth & Income Fund, Inc.

T. Rowe Price Equity Income Fund, Inc

T. Rowe Price International Stock Fund

Third Avenue Value Fund, Inc

St. Joe Co. — Sale

See Item #69 — Sale

American Century Global Gold Fund — Sale

See Item #71 — Purch.

FHLMC MTN 4.5% due 11/15/09

Morgan Stanley MTN Var-Cpn 2/1/11

Weingarten Realty Investors Fund

CISCO Systems, Inc

Prologis

Sanofi-Aventis ADR

Syngenta AG ADR

Veolia Environment ADR

Petroleum & RES Corp. — Sale

Templeton Dragon Fd Inc

U.S. Treasury Bill due 5/25/06 — Matured

FNMA 5% due 1/15/07

U.S. Treasury Note 4.25% due 11/30/07

Broadway Bank CD 3.7% due 6/30/06 — Matured

Midfirst Bank CD 4% due 10/5/06 — Matured

First FED CA CD 4.35% due 11/9/06 — Matured

Lehman Bros Bk CD 4.05% due 9/1/06 — Matured

Encana Corp. — Purchased

iShares MSCI EAFE Index Fund — Purchased

FHLB 5.125% due 6/18/08 — Purchased

Washington Mutual Bank CD 4.8% due 3/1/07 — Purchased

First Federal Bank CD 5.1% due 5/16/07 — Purchased

First Reliance Bank CD 5.45% due 7/6/07 — Purchased

Spiritbank NA CD 5.15% due 9/7/07 — Purchased

Morgan Stanley Bank CD 5.1% due 11/8/07 — Purchased

iShares MSCI Switzerland Index — Purchased

See Item #98 — Purch.

See Item #99 — Sale

ETFS Agriculture DJ-Aigcism — Purchased

Life Insurance- Massachusetts Mutual Life — None

Director, Camegie Foundation for the Advancement of Teaching

Director, Historical Society for the District of Columbia Circuit

Reimbursement — Carnegie Foundation for the Advancement of Teaching, Stanford, CA — Berkeley, CA- 7/13-14, Executive Committee & Board Meetings (airfare, meals, rental car local transportation)

Reimbursement — Carnegie Foundation for the Advancement of Teaching, Stanford, CA — Princeton, NJ- 6/1-2, ETS/Camegie Conference (airfare, train, local transportation)

Reimbursement — University of Chicago Law School, Chicago, IL — Chicago, IL- 5/4, Hinton Moot Court Competition (airfare, hotel, local transportation)

Reimbursement — Camegie Foundation for the Advancement of Teaching, Stanford. CA — Berkeley, CA- 3/23-24, Executive Committee Meeting (airfare, meals, and rental car)

Spouse's income — 2006 — Self-Employed (education consultant)