William B. Shubb

BANK ACCOUNTS

Bank America (Checking) — Interest

Bank America (Maximizer) — Interest

1st Community Credit Union — Interest

ANNUITIES

American Skandia — None

Venture Annuity — None

LIMITED PARTNERSHIPS

Westin Hotels — Int/Div — Sale

Municipal Mortg. & Equity — Int/Div

RAYMOND JAMES IRA

Government Strips — None

Capstead Mortgage — Int/Div

Heritage Cash Trust - [RA — Int/Div

RAYMOND JAMES ACCOUNT #1

Heritage Cash Trust Municipal — Int/Div

Evergreen Strategic Muni Fund prev known asHigh Income Muni — Int/Div

Franklin CA High Yield Muni — Int/Div

Seligman CA Tax Exempt — Int/Div

Van Kampen Hi Y1d Muni — Int/Div — sale

RAYMOND JAMES ACCOUNT #2

Heritage Cash Trust Municipal — Int/Div

Alliance Muni Income Ins'd CA — Int/Div

Franklin Income Fund — Int/Div

Franklin Strategic Income Fund — Int/Div

Highland Capitel Floating Rate — Int/Div

Oppenheimer Senior Fltg Rate — Int/Div

Van Kampen Equity Income Fund — Int/Div

TLI — Int/Div

EVF — Int/Div

VVR — Int/Div

IRA II (Separate)

Equally Weighted S&P Fund — Int/Div

Wachovia - JT prev lnown as MSDW JOINT ACCOUNT

Bank sweep acct. formerly known as Joint Money Mkt. — Int/Div

Boeing — Int/Div

Chevron — Int/Div

Coca Cola — Int/Div

General Electric — Int/Div

Gillette — Int/Div — Merger

Intel — Int/Div

Proctor & Gamble — Int/Div — Merger

IRA'Q)

Bank Deposit Sweep prev.Money Market - Dean Witter Reynolds — Int/Div

Dean Witter Dividend Growth Fund — Int/Div

Apache Corp. — Int/Div

Sempra Energy — Int/Div

IRA/ROLLOVER of HR-10

Bank Sweep acct. formerlyMoney Market - Dean Witter Reynolds — Int/Div

Information Fund — Int/Div — Sale

Equally Weighted S&P 500 — Int/Div

Dividend Growth Fund — Int/Div

Abbot Labs — Int/Div — Buy

American Tel & Tel — Int/Div

Boeing — Int/Div

Bristol Meyers — Int/Div

Chevron — Int/Div — Buy

Cisco — Int/Div

Coca Cola — Int/Div

Comcast — Int/Div

Conoco — Int/Div

Du Pont — Int/Div

General Electric — Int/Div

Gillette Co — Int/Div — Sale

Hewlett Packard — Int/Div

Intel — Int/Div

Intel — Int/Div — Buy

Johnson & Johnson — Int/Div — Buy

Lucent — Int/Div

Microsoft — Int/Div

Sempra Energy — Int/Div

Walt Disney — Int/Div

Yum Brands — Int/Div

Zimmer Holdings — Int/Div

CORTS - BMY Squibb 8-1-97 — Int/Div — Buy — in Part VIII

GE Capital Sr. Notes 2/18/33 (KNR) — Int/Div — in Part VIII

GE Capital PINES 6/28/32 (GED) — Int/Div — in Part VIII

GECC 6.1% PINES 11/15/32 (GEA) — Int/Div — in Part VIII

Georgia Power Sr. Notes 1/15/45 (GAH) — Int/Div — Buy

SATURNS GE 6% Pfd 3/15/32 — Int/Div — in Part VIII

Zero Coupon Bond 11/05 — None — Redeemed

Zero Coupon Bond 11/07 — None

Zero Coupon Bond 11/08 — None

Partners Trust Bank CD 6/9/06 — Interest — Buy

Capital One CD 11/14/06 prev known as Capital One CD — Interest

Reimbursement — George Mason University, Law and Economic Center — April 30 - May 6 - Fairfax, VA, Seminar, Forging of a Nation (Travel, Lodging, and Food)

Notes

Line 75. CORTS - BMY Squibb 8/1/97 renamed from Line 83 Bristol Meyers Pfd in 2004 report.

Line 76. GE Capital Sr. Notes 2/18/33 renamed from Line 81 GE Capital 2/18/33 in 2004 report.

Line 77. GE Capital PINES 6/28/32 renamed from Line 79 GE Capital 6/28/32 in 2004 report.

Line 78. GECC 6.1% PINES 11/15/32 renamed from Line 80 GE Capital 11/15/32 in 2004 report.

Line 80. SATURNS GE 6% Pfd 3/15/32 renamed from Line 78 SAT-GE Capital 3/15/32 in 2004 report.

Line 88. GMAC Automotive Bank CD was puchased 11-11-04 and was erroneously excluded from the 2004 report.