James Carroll Fox

IRA#2 — Int/Div

AMERICAN INTERNATIONAL GROUPINC COMM

AUTOMATIC DATA PROCESSING INC COMM

BROADBRIDGE FINANCIAL SOLUTIONS INC. (SPINOFF AUTO DATA) — SPINOFF

BROADBRIDGE FINANCIAL SOLUTIONS INC. (SPINOFF AUTO DATA) — SELL

MEDTRONIC COMM

MICROSOFT CORP COMM

WACHOVIA CORP COMM

RESERVE PRIMARY FUND M/M

IRA #1 — Int/Div

ABBOTT LABORATORIES COMM

MEDTRONIC COMM

AMERICAN EXPRESS COMPANY COMM

BB&T CORP COMM

BANK OF AMERICA (FLEETBOSTON FINANCIAL CORP)

CREE. INC — BUY

CREE. INC — SELL

DUKE ENERGY CORP NEW — BUY

GENERAL ELECTRIC CO COMM

LILLY,ELI & CO COMM

MERRILL LYNCH & CO INC COMM — SELL

MICROSOFT CORP COMM

PROCTER & GAMBLE CO COMM (GILLETTE CO. COMM)

SUNRISE SENIOR LIVING INC — BUY

ROYAL DUTCH PETROLEUM CO COMM

TEXASINSTRUMENTS INC COMM

THE CHUBB CORP COMM

RESERVE PRIMARY FUND MM

PEPSICO INC. COMM

ABN AMRO BANK BOND — REDEMPTION

GENL ELECTRIC CAP CORP NOTE

CITIGROUP GLBL MKTS NOTE

SCHERING PLOUGH CORP NOTE

BROKERAGE #1

RESERVE PRIMARY FUND M/M — Int/Div

BROKERAGE #2

RESERVE PRIMARY FUND M/M — Int/Div

EATON VANCE FUND #1 (CAPITAL EXCHANGE FUND #1) — Int/Div

CHESTNUT ST. EXCHANGE FUND #1 — Int/Div

FEDERATED CAPITAL APPRECIATION EXCHANGE FUND #1 — Int/Div

VK AMERICAN EXCHANGE FUND #1 — Int/Div

EATON VANCE FUND #2 (CAPITAL EXCHANGE FUND #2) — Int/Div

CHESTNUT ST EXCHANGE FUND #2 — Int/Div

FEDERATED CAPITAL APPRECIATION EXCHANGE FUND #2 — Int/Div

VK AMERICAN EXCHANGE FUND #2 — Int/Div

GALLAHER GROUP PLC #2 COMM — Int/Div — SELL

TRUST #1 — Int/Div — A

GENERAL ELECTRIC CO COMM — Sale

DIAGEO PLC COMM — Sale

CVS CORP COMM — SELL

PROCTER & GAMBLE CO COMM

LOWES CO COMM

HEWLETT PACKARD CO COMM

MICROSOFT CORP COMM

WYETH COMM

ZIMMER HOLDINGS INC COMM — SELL

AT&T INC COMM (SBC COMMUNICATIONS INC COMM)

BANK AMERICA COMM

HARTFORD FINL SVCS GRP COMM

JP MORGAN CHASE & CO COMM

PRAXAIR INC COMM

VERIZON COMMUNICATIONS COMM — Sale

IDEARC INC COMM (SPINOFF VERIZON COMMUNICATIONS) — SELL

ELL INTERNATIONAL PROPERTY — BUY

GOLDEN SMALL CORE VALUE FUND — BUY

TOUCHSTONE MID CAP FUNDS — BUY

DODGE & COX INTERNATIONAL — BUY

SSGA FUNDS EMERGING MKTS — BUY

BARCLAYS BANK PLC FUND

COHEN & STEER INSTL RLTY FUND — Sale

EVERGREEN NC MUNICIPAL BOND — Addl Shr

NUVEEN FUNDS HIGH YIELD MUNI BD

PIMCO EMERGING MARKETS BOND

WACHOVIA (FIRST UNION) SHORT-TERM INVESTMENT FUND

TRUST #2 — Int/Div — B

GENERAL ELECTRIC COMM — SELL

UNITED TECHNOLOGIES CORP COMM

CARNIVAL CORP COMM

LOWES COMM

CISCOSYSCOMM — SELL

HEWLETT PACKARD COMM

INTEL CORP COMM — SELL

IBM CORP COMM

PROCTER & GAMBLE COMM

3M CO COMM

MICROSOFT CORP COMM

ABBOTT LABS COMM — SELL

PFIZER INC COMM — SELL

WYETH COMM

EXXON MOBIL CORP COMM — Sale

AT&T COMM (SBC COMMUNICATIONS COMM)

BANK AMERICA CORP COMM — Sale

JP MORGAN CHASE & CO COMM

WACHOVIA CORP COMM

PRAXAIR INC COMM

DODGE & COX INTERNATIONAL STK FD — BUY

ELL INTERNATIONAL PROPERTY — BUY

GOLDEN SMALL CORE VALUEFD — BUY

SSGA FDS EMERGING MKTS FD — BUY

TOUCHSTONE MID CAP FUND — BUY

COHEN & STEER INSTL RLTY FUND — Addl Shr

BARCLAYS BANK PLC FUND

EVERGREEN NC MUNI BOND — Addl Shr

NUVEEN FUNDS HIGH YIELD MUNI BD

PIMCO EMERGING MARKETS BOND

WACHOVIA (FIRST UNION) SHORT-TERM INVESTMENT FUND

FOUNDATION #1 — Int/Div — C

WYETH COMM

BP AMOCO COMM

DUKE ENERGY CORP NEW COMM (MERGER FR DUKE ENERGY CORP)

LILLY, ELI & CO COMM

NUVEEN PREF & CONV INCOME MF

PIEDMONT NATUARAL GAS COMM

VERIZON COMMUNICATIONS COMM

IDEARCINC COMM (SPINOFF FR VERIZON COMMUN.)

WACHOVIA CORP COMM

SPECTRA ENERGY CORP (SPINOFF FR DUKE ENERGY) — SPINOFF

WILLIS LEASE FINANCE CORP — BUY

BLOCK FINANCIAL CORP BOND 04/15/07 — REDEMPTION

UNION TANK CORP BOND 06/01/09

CONSOLIDATED EDISON BOND 05/01/10

FORD MOTOR CREDIT CORP NOTE 10/28/09

VERIZON MARYLAND BOND

RESERVE PRIMARY FUND M/M

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

be distributed in whole or part to 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 necessary 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 theTrust # 2, the income of said trust, within the sole and absolute discretion of the corporate trustee thereof, may be

distributed in whole or 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 of such beneficiaries if

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

16,2006. James C. Fox has a testamentary limited power of appointment in 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 exclusively for charitable, religious, scientific and educational purposes.

The assets of the trust approximated $616,184 at December 31, 2007.

NOTE D - Abbreviations used in the description 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 fund.