Michael M. Baylson

Avaya — None

Bellsouth Corp. — Int/Div

Exxon Mobil Corp. — Int/Div

Motorola Inc — Int/Div

Qwest Communications Intn. Inc — None

SBC Communications Inc. — Int/Div

Verizon Communications — Int/Div

Viacom Inc. Class B — None

Israel State 15 Yr Dollar Current Income Bond 7th — Interest — partial

Command Money Fund — Interest

AT&T Corp. — Int/Div

Bank of America — Int/Div

BP Plc Sponsored ADR — Int/Div

Certegy Inc — Int/Div

Choicepoint Inc — None

Comcast Corp. Class A — None

Comcast Corp. Class A Special — None

Compaq Computer Corp. — Int/Div — sold

Conoco Inc. Class B — Int/Div

Delphi Automotive Systems Corp — Int/Div

DuPont E.I. DeNemours & Co. — Int/Div

Eastman Chemical Co — Int/Div

Eastman Kodak Co

Electronic Data Systems Corp. — None — merger

Equifax Inc — Int/Div

Exelon Corp. — Int/Div

E4L Inc — None

Fleetboston Financial Corp — Int/Div — merger

Freescale Conductor — None

General Electric Co — Int/Div

General Motors Corp. — Int/Div

Goodyear Tire — None

33. General Motors Corp. Class H New — None

Hudson United Bancorp. — Int/Div

Inkine Pharmaceutical Co., Inc — None — merger

International Business Machines — Int/Div

J.P. Morgan Chase & Co. Common New — Int/Div

Keycorp. New — Int/Div

Lucent Technologies Inc — None

MHM Services Inc — None

Motorola Inc — Int/Div

NCR Corp. — None

News Corporation Limited ADR New — None

PNC Financial Services Corp. — Int/Div

Prologis Trust SBI — Int/Div

Tele Norte Leste Participacoes ADR — None

Telecommunicacoes De Sao Paulo Sponsored ADR — Int/Div

Telefonica De Espana SA Sponsored ADR — None

TPI Enterprise, Inc — None

Wachovia Corp. 2nd — Int/Div

Walmart De Mexico SA Sponsored ADR — None

Wester Digital Corp. Del — None

Telecommunicacoes Brasileiras SA Telebras Pr. — None

Telecommunicacoes Brasileiras SA Spon ADR — None

Telefonica Data Brasil Holdings Spon ADR — None

Franklin Mutual Ser Fund Inc — None

Munder Funds Inc. Netnet Fund Class C — None

CMF Money Market Portfolio — None

Bestnet Communications Inc — None

Comcast Corp. Class A — None

Comcast Corp. Class A Special — None

Hudson United Bancorp. — Int/Div

Menlo Acquisitions Corp. — Int/Div

PNC Financial Services Group Inc — Int/Div

Bay View Capital Corp. — None

Cisco Systems Inc — None

CBRX — None

Covad Communications Group — None

Salix — None — merger

Intel Corp. — None

Lucent Technologies, Inc — Int/Div

Nokia Corp. ADR — None

Oracle Corp. — None

Qualcomm Communications — None

Qwest Communications International Inc. — None

Rite Aid Corp. — None

Safeguard Scientifics Inc — None

Sun Microsystems Inc — None

Worldcom Inc — None

Government of Israel — Interest

Advanced Reproductive Care — None

Baumrin et al Partnership — None — partial

BC Partnership — Rent

Vanguard Star Fund — Int/Div — Buy

IRA #1 - Duane Morris Schwab Vanguard Growth Equity — Int/Div

Duane Morris Schwab Institutional Large Cap Value — Int/Div — buy

Duane Morris Schwab Sound Shore — Int/Div — buy

Duane Morris Schwab StoneRidge Small Cap — Int/Div — sell

Duane Morris Schwab First Eagle SoGen Bond Service — Int/Div

Duane Morris Royce Fund — Int/Div — buy

Duane Morris Schwab Marvin & Palmer Global Portfolio — Int/Div

Total IRA #] — Int/Div

Philadelphia Fertility Institute — salary

Pennsylvania Reproductive Assoc — None

Clinton Endocrine Assoc. — None

Fertility Testing Lab — None

IRA #2 - MSDW Equity — None

MSDW Small Cap Value — Int/Div

MSDW Mid Cap Growth — Int/Div — sell

MSDW Int. Eq — Int/Div — buy

MSDW Cash Reserve — Int/Div

MSDW Real Estate — Int/Div — buy

MSDW Ltd Duraton — Int/Div — buy

MSDW Mid Cap Value — Int/Div — sell

Total IRA #2

Vanguard Prime Money Market Fund — Interest — sell

Vanguard Prime Money Market Fund — Interest — sell

Vanguard High Yield Corp. Fund — Interest — sell

Brandywine Mutual Fund — Int/Div

MSDW UGMA Equity — Int/Div

MSDW UGMA Small Cap — Int/Div

MSDW UGMA Mid Cap Growth — Int/Div

IRA #3 - Great Western Account — Int/Div

Honeywell — Int/Div

Washington Mutual — None

Greenspan-Baylson Partnership — Int/Div — Buy

Agere System Inc — None

Nortel — None

Taro — None — Buy

Teva — None

BB Partnership — None

Zabecor — None

Planet Data Acq. — None

MSDW Fixed Income — Int/Div

Gabelli Asset Fund — None

Planet Data Acq. Note Receivable — None

Director, Conservation Center for Art and Historic Artifacts

Agreement — 2002 — Duane Morris LLP; $80,000 per year for five years, commencing in 2003. j¥) Ly oo

Liability — Wachovia Securities — Margin Loan

Reimbursement — New York Intellectual Property Law Association — Travel expenses to New York City for dinner in honor of federal judiciary

Spouse's income — 2005 — Philadelphia Fertility Institute

1 wish to amend my prior reports:

1. The following stocks were acquired as a result of mergers in prior years but were not reported due to oversight:

a

. Bank of America

b

. Freescale Conductor

Cc

. Goodyear Tire

d

. NCR Corp.

2. The following individual funds in the Morgan Stanley Dean Witter ("MSDW") IRA Group #2 were acquired in prior years but were not listed due to oversight:

a. Intemational Equity

b. Real Estate

c. Limited Duration