William Fremming Nielsen

WFNSPWOLF

Cash Richards Merrill Peterson — Interest

Amel Comp. — None

Auto Data Proc. Com — Int/Div

Bank of America — Int/Div — Sold

Berkshire Hath — None

Coca Cola — Int/Div

Com2l Inc — None

Cummins — Int/Div — Buy

Eaton — Int/Div

Flextronics — None — Sold

Home Depot — Int/Div

Honeywell Intl — Int/Div

Minos Tool Wks — Int/Div

Intel Com — Int/Div

Intmtive Surg — None

Johnson & Johnson Com — Int/Div

Medtronic — Int/Div — Sold

Microsoft — Int/Div

St. Jude Med — Int/Div

Safeway — Int/Div

Stryker — Int/Div

WFNSP

Cash<INB& WTB — Interest

NW Venture Assc Fund — None

"nM.

WFNSPS3

Ades — None — Buy

AFLAC — Int/Div

Amer Exp Co — Int/Div

Ameriprise Fine — Int/Div

Bank of America — Int/Div

Baxter Intl — Int/Div

Beckton Dickinsxon — Int/Div

Bed-Bath-B — None

Berk Hathwy Com — None

Caterpillar — Int/Div

Cisco — None

Coca Cola — Int/Div

Colgate Com — Int/Div

Disney Com — Int/Div

Eaton — Int/Div

Home Depot — Int/Div

Intel Corp — Int/Div

Johnson & Johnson — Int/Div

Kenna Metal — Int/Div — Buy

McDonalds Corp — Int/Div

Medtronic — Int/Div — Sold

NW Bancorp — Int/Div

Oracle Corp. — Int/Div

Pfizer — Int/Div

Proctor & Gamble Co — Int/Div

RPC Inc — Int/Div

Safeway — Int/Div

Starbuck's — Int/Div

SW. Airlines Com — Int/Div

Sysco — Int/Div

Target — Int/Div

Telefonica SA — Int/Div

Texas Inst — Int/Div — Sold

Tractor Supply — Int/Div

Walgreen Co — Int/Div

Waters Corp. — None

Wells Fargo & Co. — Int/Div

WFNSPDRSEA

AFLAC — Int/Div — Buy

Amer Intl Grp — None — Sold

Bank of America — istmbution

Bed Bath Bevond — None — Buy

Boeing — Int/Div — Buy

Cash RBC — Interest

Chevron Corp. — Int/Div

Deere & Co. — Int/Div

Emerson Elec — Int/Div

Ericsson Tel Co — Int/Div

Hemz Com — Int/Div

Hewlett Packard — Int/Div — Sold

J. Hancock Bank & Thrift Fund — Int/Div — Sold

LP. Morgan Chase — Int/Div

Magna Intl — Int/Div

Medtronics Inc — Int/Div

Merck — Int/Div

Oracle Corp Com — Int/Div

Paccar — Int/Div — Buy

Proctor & Gamble — Int/Div

Stanley Black Decker — Int/Div — Buy

Starbucks — Int/Div

TEVA — Int/Div

Union Pacific — Int/Div

MSN SP PTNRS-T1

Cash--WTB — Interest

Cash in Partners — Interest

Abbott Lab — Int/Div — Buy

AFLAC — Int/Div

Berkshire Hath — None

Brightpoint — None — Sold

Caterpillar — Int/Div

Cisco — Int/Div

Costco — Int/Div

SX — Int/Div

Dow Chem — Int/Div — Buy

Emerson Elec — Int/Div — Buy

Exxon — Int/Div

Fiserv Inc — None — Sold

Ford — Int/Div — Buy

Home Depot — Int/Div

Income Fund of Amer — Int/Div

Intel Corp. — Int/Div

Johnson-Johnson — Int/Div

JP Morgan — Int/Div

Kimberly Clark — Int/Div — Buy

LSI Logic — None — Sold

McDonalds — Int/Div — Sold

Microsoft — Int/Div

Mondeleze Intl — Int/Div — Buy

Nordstrom — Int/Div

Pepsi Co. — Int/Div

Plum Creek — Int/Div — Buy

Roval Dutch Shell — Int/Div — Buy

Safeway — Int/Div — Buy

Southwest Airlines — Int/Div

Starbucks — Int/Div

Stryker — Int/Div

Stryker — Int/Div — Buy

TEVA Pharm — Int/Div

UPS — Int/Div

Waste Mgmt — Int/Div

Walgreen — Int/Div — Buy

MSN SP PTNRS 22

Amer CAP Income Bldr FD — Int/Div

Bond Fund Amer — Int/Div

Income Fund Amer — Int/Div

Cash--PTNRS — Interest

Bed Bath Bevond — None — Sold

Home Depot — Int/Div

Minois Tool — Int/Div

Potash — Int/Div

1 Mineral Rights, Montrial County, N,D xX) — Rovalty

42 Mineral Rights, Montrial County, N.D XxX) — Rovalty

Board Member, Spokane YMCA Endowment Commuttee

Liability — Merrill Lynch — Margin Loan

None.