James Aubrey Parker

Delta Petroleum — None

2. General Electric — Int/Div

BankAmerica — Int/Div — Part) — Market

U.S. Treas Notes — Interest

Checking Acct.-(JAP mmm BkAmerica-Albuquerque, NM — Interest

Check Acct Bk.Am. (Undivided 50%) — Interest — Closed

Agency Acct(JAP&BPW) JPMorgan Private Bank, TX — Interest

Parcel #1, Harris Co., TX (Undivided 50%) — None

Parcel #2, Harris Co., TX (Undivided 50%) — None — Sold — Palms Office CondosLLC

Parcel #3, Harris Co., TX (Undivided 50%) — None

Parcel #2, Brazoria Co., TX (Undivided 50%) — None — Sold — Jeremy Miska

Parcel #1, Live Oak Co., TX (Undivided 50%) — Rent

Parcel #1, Bemalillo Co. NM (Undivided 25%) — None

Parcel #2, Bemalillo Co., NM (Undivided 50%) — None

Promissory Note-Receivable (Undivided 20%) — Interest — Off — Land Ltd.

MINERAL ROYALTY PROPERTIES:

LOUISIANA

State leases, St. Beard Parish — None — Destroyed — destroyed by Katrina

Common Leases, Ascension Parish — Royalty

VariousLeases, Placquemine Parish — Royalty

TEXAS

Dobie Ranch, Live Oak Co — Royalty

COLORADO

ORRI &R.I, Weld, Adams, & Arapahoe Cos. — Royalty — part — R. Wallace

MINERAL WORKING INTERESTS.

WWells, Adams Co., CO — Distribution

Well, Arapahoe Co, CO — Distribution

Wells, Washington Co., CO — Distribution

Well Weld Co., CO. — None — plugged

Well, Elbert Co., CO — Distribution

4&8 Wells, Stark Co., N.D. — Distribution

Parcel #1, La Plata Co., CO. (land, cabins, water)(25% int.) — Rent

Cash-F.R.R. Acct.-BkAmerica (25% interest) — Interest

Home Depot — Int/Div

Pfizer, Inc — Int/Div

Emerson Elec — Int/Div

Partnerre Hold — Int/Div

Intel — Int/Div — Part) — Market

Cisco Systems Inc — None — Part) — Market

Tiffany & Co — Int/Div — Sold — Market

Johnson & Johnson — Int/Div

Staples, Inc — Int/Div

Clear Channel Comm., Inc — Int/Div — Sold — Market

Analog Devices,Inc — Int/Div — Sold — Market

St. Paul Co.,Inc — Int/Div — Sold — Market

Transocean Sedco,Inc — Int/Div

Verizon Global Note — Interest

Wells Fargo & Co Note — Interest

Fed Home LN MTG Bank Note — Interest — Matured

Bank of America Certificates of Deposit — Interest

Franklin Global LG Cap Fund — Interest — Addition — Market

Co-Manager, JPFP Family, LLC

During 2006 I made charitable gifts exceeding $1,000.00 in value to University of New Mexico Foundation, Rice University, United Way of Central New Mexico,

St. John's Cathedral, Albuquerque Museum Foundation, University of Texas Law School Foundation, and Church of the Holy Comforter.

During 2006 I made gifts exceeding $1,000.00 in value of interests in our Wil LLC to <I SED nd to cach of SIGN

The securities shown on lines 1-4 and 34-54 of Section VII were held during 2006 by Fiduciary Trust International either in an I.LR.A. account and/or in a managed

account.

The agency account at J.P. Morgan Private Bank (line 7, Section VII) is an account in which Gill I each have an undivided 50% interest. The primary

assets for which J.P. Morgan Private Bank is agent are Louisiana mineral royalty properties (lines 18-20, Section VII). The wells on leases in St. Benard Parish

were destroyed by Hurricane Katrina and did not produce during 2006 and probably will not produce again. The royaltyincomereceivedby the Bank is invested

in money-market funds which eam interest or dividends in the amount stated on line 7, Section VII. The royalty income from and the values of the mineral

properties held in the agency account are stated at lines 18-20 of Section VII.

Value code S was used for the following properties:

Line 8 Parcel #1, Harris Co., TX

$335, 850 (My 50%=$167,925)

Line 10 Parcel #3, Harris Co., TX

$111,300 (My 50%= $55,650)

Line 12 Parcel #I, Live Oak Co., TX

$39,210 (My 50%= $19,605)

Line 13 Parcel #1, Bemalillo Co., NM

$157,800 (My 25%= $39,450)

Line 14 Parcel #2 Bernalillo Co., NM

$63,700 (My 50%= $36,850)

Effective May 1, 2006 JPFP Family, LLC purchased various overriding royalty interests, royalty interests, and leasehold interests in Adams, Weld, and Arapahoe

Counties, Colorado in value code O from John R. Wallace. These interests were added to the overriding royalty interest in Weld County that was shown in prior

reports. (line 24, Section VII)

During 2006 the well in Weld Co., Colorado did not produce and was plugged. (line 29, Section VII)

Sales of the stocks reported on lines 38, 43, 44, and 45 of Section VII resulted in losses, not gains.

During 2006 I received refunds for overpayment of state taxes from New Mexico and Colorado within income code C and from North Dakota within income code

B. JPFP Family, LLC received a refund from Texas within income code B for overpayment of a state franchise tax.

Effective November 2, 2005 JPFP Family, LLC acquired a membership interest in CJS Denver Holdings, LLC in value code O.

(line 55, Section VII) The reporting of this 2005 year end acquisition was overlooked on my 2005 report. This asset produced no income in either 2005 or 2006

and it had the same value at the end of 2005 and the end of 2006.