Joseph Eron Irenas

M.inneapo’is Associates, Ltc See Comment B — Rent

Middletown Twp. NJ Bd. Ed. T/O Dated 02/15/01; Due 08/01/27 — Interest — Soc

Fice ity IRA; See Comment A — Interest

Tice ity Retirement V oney Maret

deity Mage an

ce ity Contrafunc

Fice'ity OTC Portio’io

Fidelity Overseas

Bristo” Myers Squi’y> (@hem mal: Sce Comment A — vicenc. — Sod

SAIN. fain SNF a — Interest — Recemption

Ban Checking 28 Account

6'4% interest in music pu ising lhusiness ocatec in Zurope — Int/Div

Insurance "rust: See Comment C — Int/Div

Manuife Who'e Lie 0'icy — Int/Div

oo 32 Mass Vutua Woe Life 20icy — Int/Div

Banc of America Savings Certificate — Interest

J.P. Morgan Chase Checking Acct.

A. (Items 20 and 26) McCarter & English maintained a KEOGH Retirement Plan for all partners in the firm. When I withdrew from

the firm, my interest in the plan was segregated into a separate account so that it is managed at my sole discretion distinctly apart from

the firm’s general retirement plan. Effective January 1, 1996, all participants in the plan were required to invest their accounts in one

of ten mutual funds offered by Fidelity Investments, Boston, Massachusetts. Each fund participant was permitted to switch back and

forth between any of these funds, but could not otherwise choose other investments. As with all mutual funds, actual investments are

controlled by fund managers. Effective May 8, 2002, I withdrew from the McCarter & English plan and rolled over my entire account

into an individual IRA where I was permitted to choose investments other than Fidelity funds. However, I made no change in the

particular Fidelity funds in which I have been invested although in 2004 I did transfer Money Market funds into a specific investment

selected by me (No. 26 ). In Part VII, I have listed values for the IRA as a whole and below that I have listed the specific funds or

assets in which I am invested. I am doing that pursuant to the instructions given in correspondence from the Committee dated August

6, 2002. Item No. 20 represents the value for the entire IRA. Items 21-26 represent component parts of the IRA. I gather it is not

required to complete Columns B and C for the individual component parts which are mutual funds where I do not control the

investments. However, I have provided individual information for No. 26, even though this amount is also included in the entire IRA

total in No. 2

B. (Item 18) For many years, I listed as a liability an old investment in a real estate limited partnership investment known as

Minneapolis Associates, Ltd. My account had a substantial negative basis and I had been advised by my accountant that there was a

risk of tax recapture liability. In the year 200 1, I received an offer to purchase my interest in Minneapolis Associates, notwithstanding

its substantial negative basis. I also received in past years two cash distributions. Thus, I have removed Minneapolis Associates as a

liability and listed it as an asset with the appropriate value code. Ihave also reported the income shown on my K-1, even where there

was no actual cash distribution. This year I sold my partnership interest to the general partners. Because of the large negative basis,

both the proceeds and the gain on the sale (for tax purposes) far exceeded the cash actually received (Value Code L). I have reported

the sale on this report using the values I used on my 2007 individual tax return.