Steven J. McAuliffe

BHP Billiton Ltd ADR

Gilead Sciences Inc.

MEMC Electr. Matls. — Sold — Mkt

Quest Diagnostics

Suntech Power Hldgs

Unilever NV

USG Corp. — Sold — Mkt

Zebra Technologies

CDN Natl Rwy Cao. — Buy — Mkt

CIT Group New — Buy — Mkt

Comp. De Saneo Mento Basico Estado DeSao Pauloads — Buy — Mkt

El Paso Corp. — Buy — Mkt

Harleysville Natl Co. PA — Buy — Mkt

Vestas Wind Syst. — Buy — Mkt

3M Cao. — Buy — Mkt

Bank of America Corp. — None — Sold — Mkt

CVS Caremark Corp — Int/Div

Citizens Commo. Co. — Int/Div — Sold — Mkt

Kinder Morgan Energy LP — Int/Div

Alaska Com Sys Grp Inc — Int/Div — Sold — Mkt

Penn VA Resource Pt. LP — Int/Div

Adobe Systems, Inc — Int/Div — Sold — Mkt

Cisco Systems, Inc — Int/Div

Goodrich Corp. — Int/Div — Sold — Mkt

Mynad Genetics, Inc — Int/Div

Shire PLC ADR — Int/Div — Sold — Mkt

Williams Cos., Inc — Int/Div

Ishares TR Russell 2000 Index Fund — Int/Div

shares TR Russell Midcap Val. Index Fund — Int/Div

Paragon Shipping — Int/Div — Sold — Mkt

Diana Shipping — Int/Div — Sold — Mkt

Norfolk South. Corp — Int/Div

Kraft Foods — Int/Div — Sold — Mkt

American Eagle Outfitters — Int/Div — Sold — Mkt

Altria Group — Int/Div — Sold — Mkt

Lloyds TSB Group — Int/Div — Sold — Mkt

Blackrock ENH Div Tr Com — Int/Div — Sold — Mkt

Eaton Vance Tax Mng Buywrite Inc — Int/Div — Sold — Mkt

Eaton Vance Tax Mng. — Int/Div — Sold — Mkt

Nicholas-Applegate Intnl & Prem — Int/Div

Alpine Dyn. Div. Fund — Int/Div — Sold — Mkt

Blackrock Real Asset Tr — Int/Div

IRA Ishares Russell Mid-cap — Int/Div

IRA Saytem Comp. Svcs. — Int/Div

Royal Bank of Canada — Int/Div — Buy — Mkt

Mindray Medical Intnl Ltd — Int/Div — Buy — Mkt

Ishares Trust Russell Midcap Growth Index Fund — Int/Div — Buy — Mkt

McDonald's Corp — None — Buy — Mkt

American Capital Ltd. — Int/Div — Buy — Mkt

American Capital Ltd. — Int/Div — Sold — Mkt

Apple, Inc — Int/Div — Buy — Mkt

Johnson & Johnson, Inc — Int/Div — Buy — Mkt

Deere & Co. — Int/Div — Buy — Mkt

Coming, Inc — Int/Div — Buy — Mkt

Coming, Inc — Int/Div — Sold — Mkt

Praxair — Int/Div — Buy — Mkt

Express Scripts, Inc — Int/Div — Buy — Mkt

CR Bard, Inc — Int/Div — Buy — Mkt

Colgate-Palmolive Co. — Int/Div — Buy — Mkt

General Electric — Int/Div — Buy — Mkt

IBM Corp. — Int/Div — Buy — Mkt

Ishares S&P 500 Index Fd — Int/Div — Buy — Mkt

Ishares S&P 500 Index Fd — Int/Div — Sold — Mkt

Wachovia Corp. New Pfd. — None — Buy — Mkt

Wachovia Corp. New Pfd — None — Sold — Mkt

S&P 500 Depository Receipt — None — Buy — Mkt

S&P 500 Depository Receipt — None — Sold — Mkt

Powershares QQQ Trust Unit — Int/Div — Buy — Mkt

Federated Prime Obligation Fd (Money Market Fund) — Int/Div — Buy — Mkt

Bank of Am. Corp. C — Int/Div

Lowes Cos.. Inc. "C — Int/Div

BPPLC ADR C — Int/Div

Fed. Prime Obig. MM Fund "C — Int/Div

Wellpoint, Inc. C — Int/Div — Sold — Mkt

Kinder Morgan Energy Ptnrs. LP C — Int/Div

CVS Caremark Corp. C — Int/Div

Cemex S.A. C — Int/Div

Citigroup Inc. 'C — Int/Div — Sold — Mkt

NFJDvdInt& PR FD C — Int/Div

Enterprise Prod Pt C — Int/Div

MES Intnl Div FD C — Int/Div

Chesapeake Energy C — Int/Div

Citizens Commo C’ Name Change: Frontier Comm. Corp. — Int/Div

Joy Global "C — Int/Div — Sold — Mkt

Penn VA Res. Ptnrs. 'C — Int/Div

Alaska Comm. Sys C — Int/Div — Sold — Mkt

Alpine Ser Tr C — Int/Div — Sold — Mkt

Alliance Resource Ptnrs C — Int/Div

Altria Group C — Int/Div — Sold — Mkt

Kraft Foods, Inc. C — Int/Div — Sold — Mkt

Paragon Shipping C — Int/Div — Sold — Mkt

Diana Shipping Inc. 'C — Int/Div — Sold — Mkt

Lloyd's TSB Grp C — Int/Div — Sold — Mkt

Blackrock Real Asset C — Int/Div

Blackrock Cap & Inc Str 'C — Int/Div

Eaton Vance Tax Mng Buywrite Inc. 'C — Int/Div

Eaton Vance Tax Mng C — Int/Div

Nicholas-Applegate Intnl. & Prem. Str. 'C — Int/Div

American Capital Ltd. 'C — Int/Div — Buy — Mkt

American Capital Ltd. C — Int/Div — Sold — Mkt

AIG °C — None — Buy — Mkt

AIG C — None — Sold — Mkt

Johnson & Johnson C — Int/Div — Buy — Mkt

Deere & Co. C — Int/Div — Buy — Mkt

Aflac, Inc. “C — Int/Div — Buy — Mkt

General Electric C — Int/Div — Buy — Mkt

Apple, Inc. C — Int/Div — Buy — Mkt

IBM Corp. C — Int/Div — Buy — Mkt

Ishares S&P 500 Index Fund C — None — Buy — Mkt

Ishares S&P 500 Index Fund C — None — Sold — Mkt

Wachovia Corp. New Pfd C — None — Buy — Mkt

Wachovia Corp. New Pfd C — None — Sold — Mkt

Merrill Lynch Depository Sh. Rep. 'C — Int/Div — Buy — Mkt

Standard & Poor's 500 Depository Receipt ~ — None — Buy — Mkt

Standard & Poor's 500 Depository Receipt ae — None — Sold — Mkt

Powershares QQQ Trust Unit C — Int/Div — Buy — Mkt

Ishares S&P 500 Index Fd "C — None — Buy — Mkt

Ishares S&P 500 Index Fd C — None — Sold — Mkt

McDonald's Corp. C — Int/Div — Buy — Mkt

RMA Tax-Free Fund 'K — Interest

UBS Pace MM Inv Fund Class P 'K — Interest

Am Funds Growth Fund of Am Class F 'K — Int/Div

John Hancock Classic Val Fund Class A K — Int/Div

Oppenheimer Main St, Small Cap Fd A K — Int/Div

RS Value Fund Class A 'K — Int/Div

Thomburg Intnl Value Fund Class A 'K — Int/Div

DWS Core Fixed Income Fund Class A 'K — Int/Div

FT Templeton Global Bond A 'K — Int/Div

Manager's Bond Fund K — Int/Div

PART I. POSITIONS.

Pleasant Lake Air, Inc., LLC, is a corporation formed to own a Cessna 182 Skylane single engine private airplane. I own a one-half interest in the corporation

(and thus the airplane).

PART VI. LIABILITIES.

I own a summer cottage with a former law partner, Edward E. Shumaker, I11, as tenants in common, which property is mortgaged in part. That liability is not

disclosed since it is secured by real property which is a

&

-

PART VIL. INVESTMENTS AND TRUSTS.

Trust #1 assets are listed in Part VII, identified by the designation '[c]."

PART VIL. INVESTMENTS AND TRUSTS.

Line 9. Pinchers' Investment Group Ptnshp Share (specific holdings noted by " - " below) (investment club - aggregated per suggestion of Committee on

Financial Disclosure 6/11/08).

——