Howard Dawson

Stocks are common shares unless otherwise specified

Bank of America-checking — Interest

Bank of America Savings — Interest

Coca Cola Inc — Int/Div

Kraft Foods Inc — Int/Div

Pembina Pipeline Corp — Int/Div

Telcom Corp. NZ — Int/Div

Keyspan Corp. (now Keycorp) — Int/Div

Duke Energy (formerly Progress Energy) — Int/Div — Buy (add'l)

Reynolds American — Int/Div

Reynolds American — Int/Div

Southern Co — Int/Div — Buy (add'l)

DNP Select Income Fund — Int/Div — Buy (add'l)

Aberdeen Asia Income Fund — Int/Div

Provident Energy Trust — Int/Div

Provident Energy Trust — Int/Div

Philip Morris Intl. Co. — Int/Div

TT. Rowe Price MD Bond Fund — Interest

Atlantic Power Corp. — Int/Div

Dreyfus T.E. Bond Fund — Interest

MD Trans. Auth. Bonds — Interest

MFS Inter. Inc. Trust — Int/Div

No. Eur. Oil Rity Trust — Rovalty

Southern Co — Int/Div

Washmgton Gas (WGL) — Int/Div

BAC Capital Trust Pfd — Int/Div — Sold

Eh Lilly Co — Int/Div — Buy

Pepsico — Int/Div

N.B. Mun. Securities Trust — Interest

Vodafone Group PLC — Int/Div — Buy

Altria Inc — Int/Div

Abbott Labs — Int/Div

Enbndge, Inc — Int/Div

Johnson & Johnson Co — Int/Div

Wachovia Pfd — Int/Div

Exxon-Mobil — Int/Div

Encana Corp — Int/Div

Brstol-Myers-Squibb — Int/Div

Telecom de Sao Paulo Brazil — Int/Div

Fidelity Md. Spartan Bond Fund — Interest

Templeton Emer. Mkt. Income Fund — Int/Div

Verizon Inc — Int/Div — Buy (add'l)

AT&T Inc — Int/Div

HJ. Hemz Co. — Int/Div

DTF Tax Free Income — Int/Div — Buy (add'l)

Dow Chemical — Int/Div

Procter & Gamble — Int/Div

Mondelez Intl. Inc — Int/Div — Buy

Australia & NZ Bank — Int/Div

Annaly Capital — Int/Div

RMA Tax Free Fund (UBS) — Interest

Raytheon Corp. — Int/Div

Felcor Suite Hotels Pid. — Int/Div

Telstra Corp. — Int/Div — Buy (add'l)

Wal-Mart Stores — Int/Div

Microsoft — Int/Div — Buy (add'l)

Transcanada Corp. — Int/Div — Buy (add'l)

ACC Income Fund — Int/Div

United Utilities — Int/Div

Microsoft — Int/Div

Phazer. Inc — Int/Div

Dommion Resource BW — Int/Div — Sold

Bank of America Pfd. Trust — Int/Div — Sold

Roval Dutch Pet. Co. — Int/Div

Penn West Energy Trust — Int/Div

Chorus Lid. — Int/Div — Sold

National Grid PLC — Int/Div — Buy (add'l)

Astra Zeneca — Int/Div — Buy (add'l)

Lonllard, Inc — Int/Div

Pimco Corp. Op. Fund — Int/Div

ING Group (Debt) — Interest

AT&T Inc — Int/Div

Genuine Parts — Int/Div

Pitney Bowes — Int/Div

DuPont — Int/Div

Wells Fargo — Int/Div

Clorox — Int/Div

Enerplus Res. Fund — Int/Div — Sold

AGL Resources — Int/Div

Piedmont Nat, Gas — Int/Div

Canon Inc — Int/Div

Diageo PLC — Int/Div

Sanofi — Int/Div

Nuveen MD Muni Bond Fund — Interest — Buy (add'l)

American MD T. Exempt Fund — Interest

Roval Dutch Pet. Co — Int/Div

Verizon — Int/Div

Windstream Comp. — Int/Div

Nestle — Int/Div

Bank of Nova Scotia — Int/Div

Bank of Nova Scotia — Int/Div

France Telecom — Int/Div

Kimberly Clark — Int/Div

Kimberly Clark — Int/Div

Yanzhou Coal Mining — Int/Div

Cenovus Energy Corp — Int/Div

1 Shares MSC! Brazil — Int/Div

Capital One Bank - Checking — Interest

Novartis — Int/Div

Frontier Comm. Inc — Int/Div

Lime 48. - Mondelez stock was received in a spin-off tax free from Kraft Foods Inc.

Line 66. - Chorus stock was received in a tax free spin-off from Telecom of New Zealand. The

shares having a cost basis

were sold for

resulting in a long-term capital loss of