William B. Shubb

BANK ACCOUNTS

Bank America (Checking) — Interest

Bank America (Maximizer) — Interest

1st Community Credit Union — Interest

ANNUITIES

Amencan Skandia — None

Venture Annuity — None

LIMITED PARTNERSHIPS

Municipal Morte. & Equity — Int/Div

RAYMOND JAMES IRA

RJ Bank Dep — Int/Div

Oppenheimer Senior Fltg Rate Fund — Int/Div

RAYMOND JAMES ACCOUNT #1 ii [

Eagle Tax Free Money Fund — Int/Div

WF Advantage Strategic Muni Bond Fund — Int/Div

Franklin CA High Yield Muni — Int/Div

Columbia CA Tax Exempt, fmrly Seligman CA Hi Yid Muni — Int/Div

Invesco Van Kampen Interm Muni Fund — Int/Div

RAYMOND JAMES ACCOUNT #2

Eagle Tax Free Money Fund — Int/Div

Alliance Muni Income Ins'd CA — Int/Div

Franklin Income Fund — Int/Div

Franklin Strategic Income Fund — Int/Div

Highland Capital Floating Rate — Int/Div — Sold

Oppenheimer Senior Fltg Rate — Int/Div — Buy (add'l)

Invesco Van Kampen Equity Income Fund — Int/Div

WF ADVISORS-IRA (B), fmrly WACHOVIA IRA

Equally Weighted S&P Fund — Int/Div

New Perspective Fund — Int/Div

WF ADVISORS fmrly WACHOVIA

Bank sweep acct — Int/Div

Boeing — Int/Div

Chevron — Int/Div

Coca Cola — Int/Div

General Electric — Int/Div

Intel — Int/Div

Proctor & Gamble — Int/Div

Investment Company of America — Int/Div

New Perspective Fund — Int/Div

IRA.

Bank Deposit Sweep — Int/Div

Diversified Dividend Fund, fmrly Dividend Growth Fund — Int/Div

Apache Corp — Int/Div

Sempra Energy — Int/Div

IRA/ROLLOVER of HR-10

Bunk Deposit Sweep — Int/Div

Franklin Income Fund — Int/Div

Equally Weighted S&P 500 — Int/Div

Diversified Dividend Fund, fmrly Dividend Growth Fund — Int/Div

JPM International Value Fund — Int/Div

Abbott Labs — Int/Div — Buy (add'l)

AT&T — Int/Div

Boeing — Int/Div

Bristol Meyers — Int/Div

Catepillar — Int/Div

Chevron — Int/Div

Cisco — Int/Div

Coca Cola — Int/Div

Comcast — Int/Div — Sold

Conoco — Int/Div

Dow Chemical — Int/Div — Buy

Du Pont — Int/Div — Sold

General Electric — Int/Div

Hewlett Packard — Int/Div — Buy (add'l)

Intel — Int/Div

IBM — Int/Div

Johnson & Johnson — Int/Div — Buy (add'l)

Microsoft — Int/Div

Proctor & Gamble — Int/Div — Buy (add'l)

Sempra Energy — Int/Div

Target — Int/Div

Walt Disney — Int/Div

Yum Brands — Int/Div

Zimmer Holdings — Int/Div — Sold

Aegon 6.375% Pid 6/15/15 — Int/Div — Buy

Commonwealth 7.23% Pid 5/15/16 — Int/Div — Buy

CORTS - BMY Squibb 81-97 (KNR) — Int/Div

Delphi Fine'l 7.376% Pfd 5/1/67 — Int/Div

GE Capital Sr. Notes 2/18/33 (GED) — Int/Div

GE Capital PINES 6/28/32 (GEA) — Int/Div

GECC 6.1% PINES 1111532 (GEC) — Int/Div

Mississipi Pwr 5.625% Pfd 4/15/67 — Int/Div

Morgan Stanley 6.45% Pid 4/15/67 (MSK) — Int/Div

SATURNS GE 6% Pfd 3/15/32 (DKC) — Int/Div — Sold

Wachovia 6.375% Pid 6/1/67 — Int/Div — Sold

Wells Fargo Capital 6.25% 6/15/67 (FWF) — Int/Div — Sold

Adpmunct Professor, University of Califormia, Davis, School of Law

Income — 2011 — Regents of the University of California — S668.10

Lime 14 2010 Report "Government Strips” deleted due to value less than $1,000.