Arthur J. Gajarsa

UNIVERSAL HEALTH REALTY INCOME TRUST — Int/Div

COIN COLLECTION — None

BANK OF AMERICA — Interest

ROCKYWOLD DEEPHAVEN CAMPS — Int/Div

SCIENTIFIC ATLANTA INC — Int/Div — SALE

ORTEK THERAPEUTICS INC — None

ICOS CORP — None

WALT DISNEY COMPANY — Int/Div — SALE

CENDANT CORP — Int/Div

CORNING INC — None — SALE

MICROSOFT CORP — Int/Div

MOTOROLA INC — Int/Div

NUVEEN SECTOR PORTFOLIO BIOTECHNOLOGY - UIT — None — SELL

VALEANT PHARMACEUTICALS INC — Int/Div — SALE

LSI LOGIC CORP — None — SELL

RITE AID CORP — None

FIRST TRUST #415 -S GENOMETRICS & PROTEOMICS PORT — None

BANK OF AMERICA CORP — None

WACHOVIA CORP 2ND NEW — Int/Div

MASS MUTUAL PARTICIPATION INVS — Int/Div

AIM SELECT REAL ESTATE INCOME FUND — Int/Div

NORTEL NETWORKS CORP — None — SELL

NUVEEN INVESTMENT QUALITY MUNICIPAL FUND INC — Int/Div

NUVEEN SELECT QUALITY MUNICIPAL FUND INC — Int/Div

NUVEEN INSURED MUNICIPAL OPPORTUNITY FUND INC — Int/Div

RUMSON-FAIR HAVEN BK & TRUST CO — None

MARYLAND ST HEALTH & HIGHER EDUCATION — Interest

EVERGREEN INCOME ADVANTAGE FUND — Int/Div

JOHN HANCOCK PREFERRED INCOME FUND — Int/Div

HEALTH CARE REIT INC — Int/Div

LEGG MASON GOVERNMENT MMKT — Int/Div

CONSOLIDATED EDISON — Int/Div

MASSMUTUAL CORPORATE INVESTORS — Int/Div

NSTAR — Int/Div

PEPCO HOLDINGS — Int/Div — SELL

SBC COMMUNICATION INC — Int/Div — SELL

VODAFONE GROUP — Int/Div — SELL

UNITED DOMINION REALTY TRUST — Int/Div

FREESCALE SEMICONDUCTOR INC — None — SALE

NATIONAL INSTRUMENTS CORP — Int/Div

FRIEDMAN BILLINGS RAMSEY GROUP — Int/Div

SWISS HELVETIA FUND INC — Int/Div — SELL

MARINER TOWER LP — None

TGC INDUSTRIES INC — Int/Div — SALE

FIDELITY & TRUST FINANCIAL CORP — None

EASTMAN KODAK CALLS LT OPTION EXP 1/19/08 — None — BUY

CONEXANT SYSTEMS INC — None — BUY

SOHU.COM INC — None — BUY

TIME WARNER INC NEW — Int/Div — BUY

UNOVA INC — None — BUY

BURPEE MATERIALS TECHNOLOGY, LLC — None — BUY

SPECIAL SITUATIONS LIFE SCIENCES FUND LP — None — BUY

PHH CORP — None — SPINOFF/SALE

Board of Trustees, Rensselaer Institute

Board of Directors, Georgetown University

Agreement — 1997 — Joseph, McDermott & Reiner, P.C. - To receive all receivables and out of pocket expenses attributable to Gajarsa clients. Payment made on a monthly basis as DEFER/EED ComdnsANON.

Reimbursement — Harvard University — October 18-19, 2005, Boston, MA, Speaker, (lodging, out of pocket costs)

Reimbursement — National Italian American Foundation — May 8-14, 2005, Rome, Italy, Conference (airfare, lodging, out of pocket costs)

Reimbursement — US Court of Appeals for the Federal Circuit — April 19-21, 2005, Hot Springs, VA, Conference, (out of pocket costs)

Reimbursement — American Bar Association — April 10-13, 2005, Cambridge, MA, Conference, (out of pocket costs)

Reimbursement — Missouri Intellectual Property law Association — March 23-24, 2005, St. Louis, MO, Speaker, (out of pocket costs)

Reimbursement — United Kingdom patent Trademark Office — March 15-17, 2005, London, England, Speaker, (airfare, lodging, out of pocket costs)

PHH CORP WAS A SPIN-OFF FROM CENDANT CORP.