James Block Zagel

MON.Y. Policy Value — Int/Div

Northern Trust Accts. — Int/Div

Farm Land Washington/Clinton Counties 111, — Rent

Grant Thomton 401k — Interest

Northwestern Mut. Life Ins. Policy — Int/Div

New York Life Ins. Pol — Int/Div

Country Cos. Life Pol. — Int/Div

Transamer. Life Pol. Val — None — Expired

Transamer. Life Pol. Val — None

Prudential Life Ins. — Int/Div

Metropolitan Life Ins — Int/Div

Equitable Life (Now AXA Equitable) — Int/Div

Roval Bank of Canada (RBC) — Interest

ING Life Policy — Int/Div

RBC — Interest

TEMFX — Distribution

TEMFX — istrnibution

KO — Int/Div

KO — Int/Div

SAG Pension Plan — Interest

CP — Int/Div

Cr — Int/Div

Teck Cominco Lid /TCK — Int/Div

Teck Cominco Lid /TCK — Int/Div

Encana «- ECA (formerly PCX) — Int/Div

Encana - ECA (formerly PCX) — Int/Div

Cenovius — Int/Div

Cenovius — Int/Div

Dell — None

MK Limited Partners — Distribution

Assess of Trust: Total value of all assets listed

My estimated share is 11%

Bank Accounts: Marrs Trust Chk./Int — Interest

SEP/IRA RBC — Int/Div

Cp — Int/Div

Teck Cominco Lid /TCK — Int/Div

Encana - ECA — Int/Div

Cenovius — Int/Div

Oracle - ORCL — Int/Div

End of IRA

HD — Int/Div

HD — Int/Div

PG — Int/Div

PG — Int/Div

GE — Int/Div

GE — Int/Div

AOL — None

AOL — None

Time Wamer — Int/Div

Time Wamer — Int/Div

Time Wamer Cable — Int/Div

Time Wamer Cable — Int/Div

Janus Contrarian Fund — Int/Div

Janus Contrarian Fund — Int/Div

Pepco Holdings POM — Int/Div

FE — Int/Div

Duff & Phelp Fund - DNP — Int/Div

Fund Managed High Income - MHY — Int/Div

Lease of excess Berrien, Ctr, MI acreage to Leitz Corp. — Rent

AT&T — Int/Div

NEE (formerly FPL) — Int/Div

COP — Int/Div

BAC — Int/Div

FIP Properties — None

Alpine Ultra Short Tax ... Income Fund ATOIX — Interest — Buy

Alpine Ultra Short Tax ... Income Fund ATOIX — Interest — Buy

Trustee

Reimbursement — Fairfax — September — Isle of Guernsey — Biannual Board meeting — Travel and lodging

Income — 1/1112/31 — Foundation Press-Book royalties — S1.E50.00

Income — 211112731 — EP Talent Services « Actor's Rovalues — $55.00

Spouse's income — 1/111231 — Grant Thomton - Partership and Consulting Income

Spouse's income — 1231 — Amerncan Arbitration Association - Arbatrator’s fees

Spouse's income — 8/112/31 — Fairfax Lid. - Director's fees

| participate in the Federal Thrift Savings Plan, but it is my understanding that this asset need not be listed.

All individual assets held in brokerage accounts are individually disclosed in report.

The double listing of certain investments is because some are in|

name. | have not designated which wre [JER 2sscts, but | list them separately

because they are individual holdmgs which might be sold separately at a future time.

In previous years, the Union League Club was listed under "Gifts." Based upon further information, and upon the opinion of the Committee on Codes of Conduct,

the monthly fees paid by judges are equal to fees paid by younger members, clergy and military. The fees exceed the overhead costs to the club, and the privileges

accorded are less thun those accorded regular members. In the opinion of the Committee on Codes of Conduct, this fee classification does not constitute a "gift™

under the Ethics in Government Act.

FIP Partners, LLC was purchased on 5/1/08 for $186,000,

There is a possibility that I list some small number of low value assets that 1 no longer own (as some of my prior notes explain). My practice is not to delist assets

until | have documentation that | no longer own it; it is better to be over-inclusive.

ATOIX is an income fund which is routinely reinvested every month and treated here as a continuation of the original investment. If reinvestment is not made,

then the asset will be reported as sold. If the amount invested is increased, the new funds will be reported as a separate purchase. If the amount invested is

decreased, it will be reported as a partial sale. These change of status events will be reported on the annual Financial Disclosure Report (VII).

After 773 | [EE ccosed to receive partnership income from Grant Thomton. After [Jf] cacased to be partner, [Jf] continued some consulting work as an

independent contractor (111, B.1), As a partner of Grant Thornton,

served as a director of Fairfax Ltd, an insurer domiciled on the Isle of Guernsey

ceased partn

Grant Thomton reimbursed [lf] expenses. After,

[ll retxined Jil] position as a director of Fairfax Ltd, In this capaci

Il received

director fees from Fiarfux, which also reimbursed [Jf] travel and lodging expenses for attendance at the twice yearly meetings in the Isle of Guernsey (111 B and

Vv).