Phyllis A. Kravitch

AT&T — Int/Div

Bank of America — Int/Div

Coca Cola — Int/Div

Comcast — Int/Div

Con Ed. — Int/Div

Eastman Chem — Int/Div

Exxon-Mobil — Int/Div

Fairpoint Commumcations — Int/Div

Franklin Income — Int/Div

Frontier Communication — Int/Div

General Electric — Int/Div

Glaxo Smith-Kline — Int/Div — Buy (add'l)

Home Depot — Int/Div

IBM — Int/Div

Intel — Int/Div

John Hancock — Int/Div

Merck — Int/Div

Nuveen Ins. Municipal Opportunity — Int/Div

Nuveen GA Premium Inc. Municipal — Int/Div

Phazer — Int/Div

Proctor'Gamble — Int/Div

Southern Company — Int/Div

Spectra Energy — Int/Div

Sun Trust Bank — Int/Div

IM (MMM) — Int/Div

Verizon — Int/Div

Vodaphone — Int/Div

GA. State Tollway Auth — Interest

GA State Rd. Twy at Fd. — Interest

Fulton co. GA. Dev. Auth — Interest

Bank of America (accounts) — Interest

Sun Trust Bank (CD) — Interest

Merrill Lynch Money Market — Interest

Morgan Stanley Bank — Interest

US. Treasury Notes — Interest — Redeemed

Equitable Insurance Co. (X) "Whole Life" — Interest

Common Stocks are listed on Lines 1-27

Bonds are listed on Lines 28-30

Funds in Bank are listed on Lines 31-34

Government Sccurities are listed on Line 35

Insurance is listed on Line 36