James Aubrey Parker

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Burleson County, Texas, and 1 well in Elbert County, Colorado (Shown, on lines 30, 31, 32, 34 and 3s, Section

VII, this 2003 Report) from Sovereign Energy LLC for a total value 5 category M.

During 2002 the Bash Unit minerals lease (Shown on Line 29, Section VII, 2002 Report and on wife 26, Section

VII, this 2003 Report) under which we had been receiving royalty payments expired for non-production, so I

wrote this asset off as of January 1, 2003. (Actually it had no values as of the end of 2002).

Our interests in FTI Large Cap Fund and FTI Small Cap Fund (Shown on; lines 56 and 57, Section VII, 2002

Report) were exchanged July 25, 2003 for interests of equal value in Franklin Global LG Cap Fund and Franklin

Global SM Cap Fund (Shown on lines 53 and 54, Section VII, this 2003 Report). My 2002 report stated that our

interests in the FTI Funds had been sold in full on 12/18/02. That was incorrect in that the sales on 12/18/02

were of only part of the FTI Funds. At the end of 2002 the value of our interest in FTI Large Cap Fund was in

category L and the value of our interest in FTI Small Cap Fund also was in category L.