Lawrence L. Piersol

National Housing Partnership — Int/Div

Farm # pe — Rent

The Equitable, whole life insurance (Y) — None

IBM — Int/Div

Verizon Communications — Int/Div

Viacom Inc — Int/Div

American Express Co — Int/Div

Bristol-Myers Squibb — Int/Div

Ford Mtr. Co. Del — Int/Div

General Electric Corp. — Int/Div

RJR Nabisco Group — Int/Div

Safeway — Int/Div

Associates First Cap — Int/Div

Charles Schwab Co. Money Market — Interest

Ckg Accts, (2) First Bank & Trust, SxFalls & Bkgs, SD — Interest

Ckg Accts, (2) First Natl Bank, SxFalls, SD — Interest

Mutual Beacon Fund — Int/Div

Sogen Overseas Fund (now called First Eagle Overseas Fund) — Int/Div

Schwab Money Market — Interest

Commercial Property Parcel {Minnehaha Co. SD) — Rent

Commercial Property Parcel 2 (Minnehaha Co.. SD) — Rent

Templeton Dragon Fund — None — Distributed

Apartment Interest {Minnehaha Co., SD) — Rent

Franklin Mutual Global Discovery Fund — Int/Div

Exxon Stock — Int/Div

Vanguard Total Stock Mkt Idx Adm — Int/Div

Farm #2 DDR — Rent

Proctor & Gamble Co — Int/Div

SBC Communications. Inc — Int/Div

Domimion Resources — Int/Div

Excelsior Income Shares — Int/Div

Johnson & Johnson — Int/Div

LG&E Energy Corp — Int/Div

Merck & Co. Inc — Int/Div

Microsoft — Int/Div

Visteon Comp. — Int/Div

Ameriprise Fin. Inc — Int/Div

Zimmer HIds Inc — Int/Div

Real Property Bare Land #1 (Lake Co., SD) — None

Real Property #2 (Lake Co., SD) — Reat — Sold

AT&T, Inc — Int/Div

Adams Express Co. — Int/Div

Alliant Energy Corp. — Int/Div

Ameren Corporation — Int/Div

Black Hills Corp. — Int/Div

Centurylnk, Inc — Int/Div

Comcast Corp. New CL A — Int/Div

DNP Select Income Fund — Int/Div

Energen Corp — Int/Div

FT Dearborn Inc. Sec Inc — Int/Div

Fromtier Communications — Int/Div

The Southern Company — Int/Div

Xcel Energy Inc — Int/Div

First Eagle Overseas — Int/Div — Sold

CBS Comp — Int/Div

Deere & Co. Stock — Int/Div

BBCP Conductor Inc — None

General Motors — None

Coca Cola — None

AmenGas Partners — None

Berkshire Hathaway B (See VIII) — Int/Div

Blackstone Group LP — Int/Div — Buy

Liability — First Bank and Trust — Note: Commercial Properties

VIL 61. Berkshire Hathaway B.

The following are owned by Berkshire Hathaway where Berkshire Hathaway has $% or more ownership in that company:

= American Express Company

= Charter Communications, Inc.

- The Coca-Cola Company

- DaVita HealthCae Partners Inc.

« Deere & Company

= International Business Machines Corp.

= Moody's Corporation

- Phillips 66

- U.S. Bancorp

= Wells Fargo & Company

= GEICO - wholly owned

= General Re - wholly owned

- Burlington Northern RR - wholly owned