Joan B. Gottschall

Vanguard Wellington Fund — Int/Div

Vanguard Wellesley Fund — Int/Div

Vanguard Index Trust — Int/Div

Vanguard Prime Portfolio — Int/Div

Fed Empl Credit Union Acts — Interest

IBM cistock — Int/Div

Intel ¢/stock — Int/Div

Waste Management ¢/stock — Int/Div

Vanguard Tax-Managed Growth & Income Fund (Admiral Fund) — Int/Div — Pant VIL n.

Hewlett-Packard ¢/stock — Int/Div

CVS Caremark ¢/stock — Int/Div

Vanguard Capital Opportunity Fund — Int/Div

BlackRock Large Cap Value — Int/Div

BlackRock Value Opportunities — Int/Div

Dodge & Cox Fds Intl Stk Fd — Int/Div

Lancaster Cnty Neb. School Dist 001 Lincoln PS Bond — Interest — Redeemed

Orange City, NC Pub Impt Bond — Interest — Redeemed

Spring Branch Tx School Dist. Bond — Interest — Redeemed

Garland TX G/O Bond — Interest — Redeemed

St. Joseph Cnty Hosp Auth Bond — Interest — Redeemed

Calif. GO Bond — Interest — Redeemed

Monroe Twp NJ Brd Ed/Gloucester Cty Gf O Bond — Interest — Redeemed

Seattle WA Mun Lt & Pwr — Interest — Redeemed

Wausau WI School Dist. Bond — Interest — Redeemed

Denton TX Util Sys Bond — Interest — Redeemed

Tipp City Ohio Bond — Interest — Redeemed

Jackson Cry OR School Dist. Bond — Interest — Redeemed

Arizona St. Trunsprt Brd Hwy Rev Bond — Interest — Redeemed

NJ Ed. Facs Ath Rev. Bond — Interest — Redeemed

Pennsyl. St. Tpk Comm Bond — Interest — Redeemed

Philadelphia PA Gas Wks Bond — Interest — Redeemed

Hopewell Valley NJ Rgl School Dist Bond — Interest — Redeemed

San Antonio TX Indpt Bldg Serv Bond — Interest — Redeemed

San Mateo CA Un High Sch Dist Bond — Interest — Redeemed

Hillsborough Cty FLA Sch Dist Bond — Interest — Redeemed

Tampa FL Sales Tx Rev. Bond — Interest — Redeemed

Virginia College Bldg. Auth Ed Fac Bond — Interest — Redeemed

Jefferson Cty Colo Open Space Sales Tx Bond — Interest — Redeemed

NY NY Ser A GO Bond — Interest — Redeemed

Ohio St. Wir Dev Auth Rev Fresh Water Bond — Interest — Redeemed

Polk Cty WI Crp Purp FGIC B/E Util Bad — Interest — Redeemed

Snohomish Cty WAS Tax G/O Bond — Interest — Redeemed

Balanced Fund Inc — Int/Div

Capital Income Bldr — Int/Div

Capital World Growth Inc. Fad — Int/Div

Income Fud Amer Inc — Int/Div

Bank Deposit Sweep (JP Morgan Chase) — Sec Put Vill. n. 2

Vanguard Fix. Inc. Sec. Fund — Int/Div

Vanguard Wellesley Inc. Fund Investr Cl — Int/Div — Sec Part VIL n.3

Vanguard Wellington Fund Investr Cl — Int./hv — See Part VIL n.3

St. Lous Airpt Rev Bnd — Interest — Buy

St. Louis Airpt Rev Bnd — Interest — Redeemed

Cleve Oh Wir Rev Bd — None — Buy — VIL nn. 7

Mass. Fin Agy Bd — None — Buy

Clark-Pleasant Ind Sch Bd — Interest — Buy

Harford Cnty Md Bd — None — Buy

Cal St G/O Bd — None — Buy

Edison Twp NJ Bd — None — Buy

Montgomery Cty Md Bd. Cons Pub Impt Ser A — None — Buy

Fort Lee NJ B- — None — Buy

TxTech Univ 7th Ser. — None — Buy

NJ Econ Dev Bd — Interest — Buy

Ohio St. Com Schs Bd — Interest — Buy

Fairfax Cnty Va Wir Bd — Interest — Buy

Lowuswana St Ser A Bc — Interest — Buy

Portland Me B/E Bd — None — Buy

University North Tx Bd — Interest — Buy

Dowagiac Mi Sch Dist Bd — Interest — Buy

Huntsville Ala Wis Bd — Interest — Buy

Ca St Dept Wer Bd — Interest — Buy

Mnt San Antonio Ca Cmnty Cllg Bé — Interest — Buy

Tenn St Scho Bd Bd — Interest — Buy

Boome Cnty Ky Sch Dist Bd — Interest — Buy

New York NY Ser O G/O Bd — Interest — Buy

New Hanover Cnty NC Bd — Interest — Buy

Anchorage Alaska Ser B Bd — None — Buy

Norfolk VA Ref Cap Bd — None — Buy

Tmton Falls NJ G/O Bd — Interest — Buy

Hamden CT Prerefunded Ser A G/O Bd — None — Buy

Hamden CT Unrefunded Balance Ser A G/O Bd — None — Buy

North Brunswick Twp NJ Bd — Interest — Buy

Monmouth Cnty NJ Utl Bd — Interest — Buy

Berryessa CA Sch Dist Bd — None — Buy

Raven Hills Tex Higher Ed Bd — None — Buy

Avery Tex Ranch Rd Dist Bd — Interest — Buy

Ector Cnty Tx Indpt S/D Bd — Interest — Buy

University Kans Hosp Bd — None — Buy

Rhode Is St & Prov.Plnts Bd — Interest — Buy

Adams & Arapahoe Cntys Bd — Interest — Buy

Arlington Cty Va Dev Auth Bd — Interest — Redeemed — Part VILL nn. 8

Avon Lk Ohio Ref G/O Bd — Interest — Buy

Avon Lk Ohio Ref G/O Bd — Interest — Redeemed

Member, Visiting Committee to the Divinity School, Umiversity of Chicago

Member, Board of Directors, Martin Marty Center at the University of Chicago Divinity School

Member, Friends of the University of Sussex

1. Part VII, line 9: The company converted all the shares in this fund to shares m its Admiral Fund. Henceforth, this asset will be identified as "Admiral.

2. This asset, set forth on line 78 of my 2010 Report, was listed in error, All my JP Morgan Chase accounts were closed in 2010 and reported closed in 2010. 1

purchased no such asset during 2010, contrary to what is stated on line 78 of the 2010 Report.

3. Part VII, lines 49-50. The data reported last year on these funds was incorrect. The Wellesley Fund (FDR 2010, line 80) should have reported mcome (column

Bl)as B,not D. The value (columns C1 and D3) should have been reported as K, not M, The Wellington Fund (FDR 2010, line £1) had income {column B1)

of A, not B. The value (column C1) was K, not L. 1 believe that

in determining income and value, 1 combined the Vanguard funds reported on lines 1 and 2 with "Investr C1" funds having the same names. This year's report

corrects these entries.

4. The purchase price for many bonds includes “accrued interest.” In purchasing the bond, 1 paid for any interest accrued as of the date of purchase as part of the

purchase price. When |

subsequently received an interest payment, accurate accounting would require the interest accrued as of the date | hought the hond to be

subtracted from the interest payment 1 received. For the sake of clarity, and to make certain that this Report is consistent with my brokerage statements, 1 did not

perform this subtraction. I simply reported the total amount of interest paid.

5. Part VII, line 90: This asset was acquired on 9/23/10 but was accidentally omitted from the 2010 FDR. The mcome during 2010 was A. The purchase price

was category J amd the value method was T,