is 1 2007 - Foundationcenter

Form 990-PF Return of Private Foundationor Section 4947(a)(1) Nonexempt Charitable Trust

Department of the Treasury Treated as a Private FoundationInternal Revenue Service (77)

Note : The foundation may be able to use a copy of this return to satisfy state report},

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141

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OMB No 1545-0052

is 1 2007For calendar year 2007 , or tax year beginning , and ending

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Use the IRS Name of foundation A Employer identification number

label.Otherwise , Bailey Family Foundation 54-1850780

print Number and street (or P O box number if mail is not delivered to street address) Room/surte

1

B Telephone numberor type . 912 W. Platt Street 200 813-600-5959

See SpecificInstructions

City or town, state, and ZIP code c If exemption application is pending , check here.am a FL 33606-2108 D 1. Foreign organizations, check here

H Check type of organization: ® Section 501(c)(3) exempt private foundation 2. Foreign organizations meeting the 85% test,check here and attach computation

0 Section 4947 (a )( 1 ) nonexem p t charitable trust 0 Other taxable p rivate foundationE If riv t f ndat n tat w t rm n t d

I Fair market value of all assets at end of year J Accounting method: ® Cash Accrualp io ia e ou s us as e a e

under section 507(b)(1)(A), check here

(from Part Il, col. (c), line 16) = Other (specify) F If the foundation is in a 60-month termination10- s 74 , 927 , 33 1 . (Part 1, column (d) must be on cash basis.) under section 507 ( b )( 1 ) B check here 0

Part I Analysis of Revenue and Expenses (a) Revenue and (b ) Net investment (c) Adjusted net ( d) Disbursements(The total of amounts in columns (b), (c), and (d) may notnecessarily equal the amounts in column (a)) expenses per books income income

for charitable purposes(cash basis only)

1 Contributions, gifts, grants, etc., received 1 , 902,4872 Cneac jJ ame foundation is not required to attach Sch B

3Interest

in vestmentss and temporary 44 , 522. 40 , 577. 44 , 522.

4 Dividends and interest from securities 1 , 193 , 724. 1 , 193 , 724. 1 , 193 , 724.5a Gross rents 29 , 975. 29 , 975. 29 , 975. Statement 2b Net rental income or Qoss) 29 , 975.

c, 6a Net gain or (loss) from sale of assets not on line 10 5 , 077 , 020. Statement 13 b Gross sales price for all 44,058,744.assets on line Ba

7 Capital gain net income (from Part IV, line 2 ) 6 , 425 , 384.8 Net short-term capital gain 100 , 268.

9 Income modificationsGross sales less returns

10a and allowances

b Less Cost of goods sold

c Gross profit or (loss)

11 Otherincome 26 , 749. 26 , 749. 26 , 749. Statement 312 Total. Add lines 1 throw h 11 8 , 274 , 477. 7 , 716 , 409. 1 , 395 , 238.13 Compensation of officers , directors, trustees, etc 0 . 0 . 0 . 0

14 Other employee salaries and wages 223 , 876. 0. 0. 223 , 876.15 Pension plans, employee benefits 20 858 . 0. 0. 20 , 858 .

Wy 16a Legal fees Stmt 4 175. 0. 0. 175.IM

b Accounting fees Stmt 5 81 , 857. 43 , 352. 43 , 352. 38 , 505.

RESEe ^tn©Ifees Stmt 6 395 091. 364 441. 364 441. 30 , 650.

Taxe18 u Stmt 7 162 854. 33 , 198. 33 , 198. 129 , 656.=

I II n

19I^Depr ti ic2i2Q&dep eQ 91 , 009. 19 , 850. 19 , 850.ccu anc U) 83 , 945. 0. 0. 83 , 945.

< OG EN el er Ts, and i eetings 12 , 953. 0 . 0 . 12 , 953.22 , 834. 0. 0. 22 , 834.

23 Other expenses Stmt 8 221 , 435. 121 , 046. 121 , 046. 100 , 313.a 24 Total operating and administrative

. expenses . Add lines 13 through 23 1 , 316 , 887. 581 , 887. 581 , 887. 663 , 765.0 25 Contributions, gifts, grants paid 2 , 060 , 332. 2 , 060 , 332.

26 Total expenses and disbursements.

Add lines 24 and 25 3 , 377 , 219. 581 887. 581 887. 2 , 724 , 097.27 Subtract line 26 from line 12:

a Excess of revenue over expenses and disbursements 4 , 897 , 2 5 8.b Net investment income (if negative, enter -0-) 7 13 4 5 2 2 .c Adjusted net income (if negative , enter -0-) 8 13 351. 1

LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions.72350102-20-08

115140723 786335 5041-003 2007.06000 Bailey Family Foundation

Form 990-PF (2007)

5041-041

Form 990-PF (2007) Rai 1 c-tr Wm i 1 v Fnt1n (1a t- inn cd-1 Rcf17R(1 Panel

Balance Sheets "chedschedulesandamountsrnthedescription Beginning of year End of yearPart II column should betor end-of-year amounts only ( a) Book Value ( b) Book Value (c) Fair Market Value

1 Cash - non-interest - bearing

2 Savings and temporary cash investments 3 , 210 , 867. 3 , 225 , 713. 3 , 225 , 713.3 Accounts receivable ►

Less: allowance for doubtful accounts ►4 Pledges receivable ►

Less: allowance for doubtful accounts ►5 Grants receivable

6 Receivables due from officers , directors , trustees, and other

disqualified persons Stmt 9 5 , 202. 90. 90.7 Other notes and loans receivable ►

Less: allowance for doubtful accounts ►8 Inventories for sale or use

U) 9 Prepaid expenses and deferred charges 4 , 270. 4 , 092. 4 , 092.a 10a Investments - U.S. and state government obligations Stmt 10 230 , 099. 230 099 . 227 , 909.

b Investments - corporate stock Stmt 11 28 265 138. 32 743 323. 37 708 466.c Investments - corporate bonds Stmt 12 3 668 821. 2 968 131. 3 031 , 788.

11 Investments - land, buildings , and equipment basis ► 4 812 545.Less accumulated depreciation ► 37 , 546. 1 2 943 924. 4,774 999. 6 , 594 , 995.

12 Investrneriis - morrgage loans

13 Investments - other Stmt 13 21 243 706. 19 685 573. 21 201 730.14 Land , buildings , and equipment basis ► 3 067 , 882 .

Less accumulated depreciation ► 135 , 334. 2 , 024 , 921. 2 , 932 , 548. 2 , 932 , 548.15 Other assets ( describe ► 71 , 284. 0. 0.

16 Total assets to be com p leted by all filers 61 , 668 , 232 . 66 , 564 , 568 . 74 , 927 , 331.17 Accounts payable and accrued expenses

18 Grants payable

19 Deferred revenue

- 20 Loans from officers, directors , trustees , and other disqualified persons

21 Mortgages and other notes payable

22 Other liabilities ( describe ► 922. 0.

23 Total liabilities (add lines 17 throu g h 22 ) 922. 0.

Foundations that follow SFAS 117 , check here ► 0and complete lines 24 through 26 and lines 30 and 31.

24 Unrestricted

25 Temporarily restrictedmm 26 Permanently restricted

r_ Foundations that do not follow SFAS 117, check here ►LL and complete lines 27 through 31.

y 27 Capital stock, trust principal , or current funds 61 , 667 , 310. 66 , 564 , 568.y 28 Paid - In or capital surplus, or land , bldg., and equipment fund 0. 0.

a 29 Retained earnings , accumulated income , endowment, or other funds 0. 0.

Z 30 Total net assets or fund balances 61 , 667 , 310. 66 , 564 , 568.

31 Total liabilities and net assets/fund balances 61 , 668 , 232. 66 , 564 , 568.

PartIII Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30

(must agree with end-of-year figure reported on prior year's return) 1 61 , 667 , 310 .

2 Enter amount from Part I, line 27a 2 4 897 , 258 .3 Other increases not included in line 2 (itemize) ► 3 0 .

4 Add lines 1, 2, and 3 4 66,564,568.5 Decreases not included in line 2 (Itemize) ► 5 0 .

6 Total net assets or fund balances at end of Year (line 4 minus line 5) - Part II, column (b). line 30 s 66.564.568 .

72351102-20-08

Form 990-PF (2007)

215140723 786335 5041-003 2007.06000 Bailey Family Foundation 5041-041

Form990-PF 2007 Bailey Family Foundation 54-1850780 Page3Part IV Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate,2-story brick warehouse; or common stock, 200 shs. MLC Co.)

(b1 How acquired

D - Donation

(c) Date acquired(mo., day, yr.)

(d) Date sold(mo., day, yr.)

la

b See Attached Statementsc

d

e

(e) Gross sales price (f) Depreciation allowed(or allowable)

(g) Cost or other basisplus expense of sale

(h) Gain or (loss)(e) plus (f) minus (g)

a

b

cd

e 44 , 058 , 744. 1 1 37 633 360. 6 , 425 , 384.Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus

(i) F.M.V. as of 12/31/69(j) Adjusted basisas of 12/31/69

(k) Excess of col. (i)over col. (I), if any

col. (k), but not less than -0Losses (from col. (h))

-) or

ab

4

d

e 6 , 425 , 384.

2 Capital gain net income or net capital lossIf gain, also enter in Part I, line 7

( ) I f (loss) enter -0- in Part I line 7) 2 6 , 425 , 384.

3

, ,

Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):If gain, also enter in Part I, line 8, column (c)If (loss), enter -0- in Part I, line 8 3 100 , 268.

Part V I Qualification Under Section 4940 (e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? 0 Yes ® No

If 'Yes, the foundation does not quality under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year, see instructions before making any entries.

Base period yearsCalendar year or tax year be g innin g Adjusted qualifying distributions Net value of nonchantable use assets

Distrib u t io n ratio(col. (b)) div i ded by col. (c))

2006 4 , 393 , 221. 61 956 877. .0709082005 3 , 081 , 802. 56 246 782. .0547912004 2 , 475 , 925

*50 995 784. .048552

2003 1 , 543 , 649. 1 49 647 998. .0310922002 1 , 603 , 339. 1 49 256 585. .032551

2 Total of line 1, column (d) 2 .2378943 Average distribution ratio for the 5-year base period - divide

the foundation has been in existence if less than 5 years

the total on line 2 by 5, or by the number of years

3 . 0 4 7 5 7 9

4 Enter the net value of noncharitable-use assets for 2007 from Part X, line 5 4 70 , 302 , 932.

5 Multiply line4byline3 5 3 , 344 , 943.

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 71 , 345.

7 Add lines 5 and 6 7 3 , 416 , 288.

8 Enter qualifying distributions from Part XII , line 4 8 3 , 702 , 884.

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate.See the Part VI instructions.

723521/02-20-08


Form 990-PF (2007)

5041-041

Form 990-PF (2007) Bailey Family Foundation 54-1850 780 Page4Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)

la Exempt operating foundations described in section 4940(d)(2), check here ► and enter 'N/A' on line 1.

Date of ruling letter: ( attach copy of ruling letter if necessary - see instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ►® and enter 1% 1 71 , 345.of Part I, line 27b

c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0.

3 Add lines 1 and 2 3 71 , 345.4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0.

5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter -0- 5 71 , 345.6 Credits/Payments:

a 2007 estimated tax payments and 2006 overpayment credited to 2007 6a 62 , 523.b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to file (Form 8868) 6c 27 , 500.

d Backup withholding erroneously withheld 6d

7 Total credits and payments. Add lines 6a through 6d 7 90 , 023.

8 Enter any penalty for underpayment of estimated tax. Check here El if Form 2220 is attached 8

9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9

10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10 18 , 678.

11 Enter the amount of line 10 to be: Credited to 2008 estimated tax 00, 18 6 7 8 . 1 Refunded 11 0.Part VII_A Statements dinw^tivi- _•eyar^ Activities

1a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in

any political campaign?

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)?

If the answer is "Yes" to 1 a or 1b, attach a detailed descnption of the activities and copies of any materials published or

distributed by the foundation in connection with the activities.

c Did the foundation file Form 1120-POL for this year?

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. ► $ 0. (2) On foundation managers. ► $

e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation

managers. ► $ 0.

2 Has the foundation engaged in any activities that have not previously been reported to the IRS?

If "Yes," attach a detailed descnption of the activities

3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or

bylaws, or other similar instruments? If "Yes,' attach a conformed copy of the changes

4a Did the foundation have unrelated business gross income of $1,000 or more during the year?

b If "Yes; has it filed a tax return on Form 990-T for this year?

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year?

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

• By language in the governing instrument, or

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law

remain in the governing instrument?

7 Did the foundation have at least $5,000 in assets at any time during the year?

If 'Yes," complete Part Il, col. (c), and Part XV.

8a Enter the states to which the foundation reports or with which it is registered (see instructions) ►VA, FL

b If the answer is 'Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate)

of each state as required by General Instruction G? If "No," attach explanation

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(I)(5) for calendar

year 2007 or the taxable year beginning in 2007 (see instructions for Part XIV)? If 'Yes," complete Part XIV

0 Did any persons become substantial contributors dunnp the tax year? if "reg. " attach a schedule listing their names and addresses

72353102-20-08


No

14aIXI

Form 990-PF (2007)

5041-041

Form 990-PF (2007) Bailey Family Foundation 54-1850780 Page 5Part VII -A Statements Reaardina Activities (continued)

11a At any time during the year , did the foundation , directly or indirectly , own a controlled entity within the meaning of section 512(b)(13)?

If "Yes, attach schedule . ( see instructions) _

b If 'Yes,' did the foundation have a binding written contract in effect on August 17, 2006, covering the interest , rents, royalties, and

annuities described in the attachment for line 1la2 N/A

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract?

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 1 13 1 X

Websiteaddress ► www.bailey-family.org14 The books are in care of ► The Board Telephone no. ► 813 - 2 61- 2 7 41

Located at ► 912 W. Platt Street, Suite 200, Tampa, FL ZIP+4 ►33609-210815 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ►0

Part VII - B Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column , unless an exception applies. Yes No

la During the year did the foundation ( either directly or indirectly):

(1) Engage in the sale or exchange , or leasing of property with a disqualified person2 fl Yes ® No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ® Yes No

(3) Furnish goods , services , or facilities to ( or accept them from) a disqualified person? 0 Yes ® No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ® Yes No(5) Transfer any income or assets to a disq ualified p erson ( or make an y of either available

for the benefit or use of a disqualified person )? = Yes I1 No

(6) Agree to pay money or property to a government officials ( Exception . Check "No*

if the foundation agreed to make a grant to or to employ the official for a period after

termination of government service, if terminating within 90 days. ) L Yes ® No

b If any answer is 'Yes' to la(1)-(6), did any of the acts fail to quality under the exceptions described in Regulations

section 53.4941 ( d)-3 or in a current notice regarding disaster assistance ( see page 22 of the instructions)? _

Organizations relying on a current notice regarding disaster assistance check here ►0c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts , that were not corrected

before the first day of the tax year beginning in 2007?

Taxes on failure to distribute income ( section 4942 ) ( does not apply for years the foundation was a private operating foundation

defined in section 4942 ( I)(3) or 4942 (I)(5)):

a At the end of tax year 2007, did the foundation have any undistributed income ( lines 6d and 6e, Part XIII ) for tax year ( s) beginning

before 2007? 0 Yes ® No

If 'Yes; list the years ►b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942 (a)(2) (relating to incorrect

valuation of assets ) to the year ' s undistributed income? ( If applying section 4942 (a)(2) to all years listed, answer ' No' and attach

statement - see instructions.) N/A

c If the provisions of section 4942 ( a)(2) are being applied to any of the years listed in 2a, list the years here.

► ,

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time

during the year? 0 Yes ® No

b If 'Yes, did it have excess business holdings in 2007 as a result of (1) any purchase by the foundation or disqualified persons after

May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose

of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C,

Form 4720, to determine if the foundation had excess business holdings in 2007.) N/A

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that

X

Form 990-PF (2007)

72354102-20-07


Part VII-B I Statements Regarding Activities for Which Form 4720 May Be Required (continued)

5a During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda , or otherwise attempt to influence legislation ( section 4945 (e))? 0 Yes ® No

(2) Influence the outcome of any specific public election ( see section 4955 ); or to carry on , directly or indirectly,

any voter registration drive? 0 Yes ® No

(3) Provide a grant to an individual for travel , study, or other similar purposes? Yes ® No

(4) Provide a grant to an organization other than a charitable, etc., organization described in section

509(a )( 1), (2), or (3 ), or section 4940(d)(2)? 0 Yes ® No

(5) Provide for any purpose other than religious , charitable, scientific , literary , or educational purposes, or for

the prevention of cruelty to children or animals? 0 Yes ® No

b If any answer is 'Yes' to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations

section 53 . 4945 or in a current notice regarding disaster assistance ( see instructions)' N/A 5b

Organizations relying on a current notice regarding disaster assistance check here ►0c If the answer is 'Yes' to question 5a(4), does the foundation claim exemption from the tax because it maintained

expenditure responsibility for the grant? N/A 0 Yes E] No

If 'Yes,' attach the statement required by Regulations section 53 . 4945-5(d).

6a Did the foundation , during the year, receive any funds, directly or indirectly , to pay premiums on

a personal benefit contract? 0 Yes ® No

b Did the foundation , during the year, pay premiums , directly or indirectly, on a personal benefit contract? 6b X

If you answered " Yes"to 6b , also file Form 8870.

7a At any time during the tax year , was the foundation a party to a prohibited tax shelter transaction ? 0 Yes ® No

h If yes, did the foundation receive an,,, proceeds or have any nCt Income attr ibutabie to the transaction? 1V % A I 7b

Part VIII Information About Officers, Directors, Trustees, Foundation Managers, Highly0 Paid Employees, and Contractors1 List all officers. directors. trustees. foundation managers and their compensation.

(a) Name and address(b) Title, and average

hours per week devotedto p osition

(c) Compensation(If not paid ,enter PO

(diContnbubonstoempoyeebenefitplans

compensation

(e) Expenseaccount otherallowances

Ron K. Bailey resident912 W. Platt Street , Suite 200Tampa , FL 33609 20.00 0. 0. 0.Beverly W. Bailey Director912 W. Platt Street , Suite

-200

Tampa , FL 33609 20.00 0. 0. 0.Ronnie Kyle Bailey Director912 W. Platt Street , Suite 200Tampa , FL 33609 20.00 0. 0. 0.Ryan Kent Bailey Director912 W. Platt Street , Suite 200Tama FL 33609 20.00 0. 0. 0.2 Compensation of five hiahest-paid emolovees (other than those included on line 11. If none- enter "NONE."

(a) Name and address of each employee paid more than $50,000(b) Title and averagehours per week

devoted to p osition(c) Compensation

(d) Contributions to

e p anddeferred ia°5compensation

(e) Expenseaccount otherallowances

Stanley G. Elmore Development O fficer13428 Celtic Lane , Manassas , VA 2011 40.00 67 , 509. 2 , 025. 0.Weicheng Hu h Director of I nformatio n Syste s16006 Boswell Way, Tampa , FL 33647 40.00 83 , 003. 2 , 490. 0.

Total number of other employees paid over $50,000 ► 1 0

Form 990-PF (2007)

72355102-20-08


Form 990-PF (2007) Bailey Family Foundation 54-1850780 Pagel

Part VIII Information About Officers , Directors , Trustees, Foundation Managers, Highly0Paid Employees , and Contractors (continued)

3 Five highest-paid independent contractors for professional services . If none, enter "NONE."

(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation

Kositzka , Wicks and Company5500 Cherokee Avenue , Suite 400 , Alexandria , V Accounting services 81 , 857.The GMMT Team Investment11951 Freedom Drive , Reston , VA 20190 ana ement 58 , 974.UBS Financial Services Inc. InvestmentP.O. Box 3906 , Tampa , FL 33601 manage ent 77 , 002.ACG Advisor Services Inc Investment1640 Huguenot Road , Midlothian , VA 23113 ana ement 147 273.

Total number of others receivin g over $50 ,000 for p rofessional services ► 0Part IX-A Summary of Direct Charitable Activities

List the foundation ' s four largest direct charitable activities during the tax year. Include relevant statistical information such as thenumber of organizations and other beneficiaries served , conferences convened , research papers produced, etc. Expenses

iTo provide financial assistance to qualified individuals forpost secondary education.438 scholarships awarded ranging from $ 126 to $ 7 , 500. 3 , 101 , 007.

2

3

4

Part IX-B I Summary of Proaram -Related InvestmentsDescribe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount

1 N /A

2

All other program-related investments. See instructions.

3

Total. Add lines 1 throug h 3 ► 0.

Form 990-PF (2007)

72356102-20-08


Form 990-PF (2007) Bailey Family Foundation 54-1850780 Page8

Part X Minimum Investment Return (AII domestic foundations must complete this part. Foreign foundations, see instructions)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes:

a Average monthly fair market value of securities la 61 , 7 79 , 650.b Average of monthly cash balances 1b 3 , 326 , 744.c Fair market value of all other assets is 6 267 141.

d Total (add lines la, b, and c) 1d 71 373 535.e Reduction claimed for blockage or other factors reported on lines la and

1c (attach detailed explanation) le 0.

2 Acquisition indebtedness applicable to line 1 assets 2 0.

3 Subtract line 2 from line l d 3 71 , 373 , 535.4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 4 1 , 070 , 603.5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 5 70 , 302 , 932.6 Minimum investment return . Enter 5% of line 5 6 3.515.147.

Part XIDistributable Amount (see instructions) (Section 4942(I)(3) and (I)(5) private operating foundations and certain

foreign organizations check here ► ® and do not complete this part.)

1 Minimum investment return from Part X, line 6 1

2a Tax on investment income for 2007 from Part VI, line 5 2a

b Income tax for 2007. (This does not include the tax from Part VI.) 2b

c Add lines 2a and 2b 2c

3 Distributable amount before adjustments. Suntract line 2c from line 1 3

4 Recoveries of amounts treated as qualifying distributions 4

5 Add lines 3 and 4 5

6 Deduction from distributable amount (see instructions) 6

7 Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7

Part XII Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 la 2 , 724 , 097.b Program-related investments - total from Part IX-B 1b 0.

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2 978 , 787.

3 Amounts set aside for specific charitable projects that satisfy the:

a Suitability test (prior IRS approval required) 3a

b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 3 , 702 , 884.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b 5 71 , 345.6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 3 , 631 , 539.

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section

4940(e) reduction of tax in those years.

Form 990-PF (2007)

72357102-20-oa


Form 990-PF (2007) Bailey Family Foundation 54-1850780 Page9

Part XIII Undistributed Income (see instructions)

(a) (b) (c) (d)Corpus Years prior to 2006 2006 2007

1 Distributable amount for 2007 from Part XI,

line 7 0.

2 Undistributed income, if any , as of the end of 2006

a Enter amount for 2006 only 0.

b Total for prior years:

0.3 Excess distributions carryover, if any, to 2007:

a From 2002

b From 2003

c From 2004

d From 2005

e From 2006

f Total of lines 3a through e 0.

4 Qualifying distributions for 2007 from

Part XII, line 4: ► $ N /A

a Applied to 2006, but not more than line 2a 0.-

b Applied to undistributed income of prior

years (Election required - see instructions) 0.

c Treated as distributions out of corpus

(Election required - see instructions) 0.

d Applied to 2007 distributable amount 0.

e Remaining amount distributed out of corpus 0.

5 Excess distributions carryover applied to 2007 0. 0.Of an amount appears in column (d), the same amountmust be shown in column (a) )

6 Enter the net total of each column asindicated below:

a Corpus Add lines 3f, 4c, and 4e Subtract line 5 0.

b Prior years' undistributed income. Subtract

line 4b from line 2b 0.

c Enter the amount of prior years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed 0 .

d Subtract line 6c from line 6b. Taxable

amount - see instructions 0 .e Undistributed income for 2006. Subtract line

4a from line 2a. Taxable amount - see instr. 0

f Undistributed income for 2007. Subtract

lines 4d and 5 from line 1. This amount must

be distributed in 2008 0

7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

section 170(b)(1)(F) or 4942(g)(3) 0 .

8 Excess distributions carryover from 2002

not applied on tine 5 or line 7 0 .

9 Excess distributions carryover to 2008.

Subtract lines 7 and 8 from line 6a 0 .

10 Analysis of line 9:

a Excess from 2003

b Excess from 2004

c Excess from 2005

d Excess from 2006

e Excess from 2007

Form 990-PF (2007)72358102-20-08


Form 990-PF

instructions and Part VII-A. question 9)

1 a If the foundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling is effective for 2007, enter the date of the ruling ► 1 10 / 07 / 97

b Check box to indicate whether the foundation is a private

2 a Enter the lesser of the adjusted net Tax year

income from Part I or the minimum (a) 2007

investment return from Part X for

each year listed 813 , 351.b 85%ofline2a 691.348.

c Qualifying distributions from Part XII,

line 4 for each year listed 3

d Amounts included in line 2c not

used directly for active conduct of

exempt activities

e Qualifying distributions made directly

for active conduct of exempt activities.

Subtract line 2d from line 2c 3Complete 3a, b, or c for thealternative test relied upon:

a 'Assets' alternative test - enter:(1) Value of all assets

(2) Value of assets qualifyingunder section 4942(j)(3)(B)(i)

b 'Endowment alternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted 2

c 'Support' alternative test - enter:

(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942(I)(3)(B)(ui)

(3) Largest amount of support from

an exempt organization F

2

foundation described in

Prior 3 years

(b) 2006 (c) 2005 (d) 2004

712.2

-1850780 Page 10

4942(j)(5)

(e) Total

57. 3.031.408.

Part XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assetsat any time during the year-see the instructions.)

1 Information Regarding Foundation Managers:

a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any taxyear (but only if they have contributed more than $5,000). (See section 507(d)(2).)

See Statement 14b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or

other entity) of which the foundation has a 10% or greater interest.

2 Information Regarding Contribution , Grant, Gift, Loan , Scholarship , etc., Programs:

Check here ► L1 if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. If

the foundation makes gifts , grants , etc. (see instructions ) to individuals or organizations under other conditions , complete items 2a, b , c, and d.

a The name , address, and telephone number of the person to whom applications should be addressed:

The Bailey Family Foundation, 813-261-2741912 W Platt Street, Tampa , Fl 33606-2218

b The form in which applications should be submitted and information and materials they should include:

See scholarship application attached.c Any submission deadlines:

See scholarship aDDlication attached.d Any restrictions or limitations on awards , such as by geographical areas , charitable fields , kinds of institutions , or other factors:

See scholarship application attached.

723601/02-20-08 Form 990-PF (2007)


Form990-PF(2007) Bailey Family Foundation 54-1850780 Page11Part XV Supplementary Information (continued)

3 Grants and Contributions Paid Durin the Year or Approved for Future Pa ent

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or

f d t status of contribution AmountName and address (home or business) any oun a ion manager

or substantial contributor recipient

a Paid dunng the year

Other charitable Encouragecontributions (see academicattached), See Attached, excellenence,Various, FL 99999 community

rograms, andedical

research 601,877.

See attached, See High School anAttached, Various, FL ollege99999 Scholarships 1411303.

See attached, See HeritageAttached, Various, FL Scholarships99999 47,152.

Total ► 3a 2060332.b Approved for future payment

None

Total _ ► 3b 1 0.723611/02 -20-08 Form 990-PF (2007)


Form 990-PF (2007) Bailey Family Foundation 54-1850780 Page 12

Part XVI-A Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated unreiaie a ousiness Income Exclu ded by section 512 , 513 , or 514 (e).

1 Program service revenue:

(a)Businesscode

(b)Amount

Ex51O"code

(d)Amount

Related or exemptfunction income

a

b

c

d

e

f

g Fees and contracts from government agencies

2 Membership dues and assessments

3 Interest on savings and temporary cashinvestments 44 , 522.

4 Dividends and interest from securities 1 , 193 , 724.5 Net rental income or (loss) from real estate:

a Debt-financed property

b Not debt-financed property 29 , 975.6 Net rental income or (loss) from personal

property

7 Other investment income 26 , 749.8 Gain or (loss) from sales of assets other

than inventory 5 , 077 , 020.9 Net income or (loss) from special events

10 Gross profit or (loss) from sales of inventory

11 Other revenue:

a

b

c

d

e12 Subtotal. Add columns (b), (d), and (e) 0. 0. 6 , 371 , 990.13 Total. Add line 12, columns (b), (d), and (e) 13 6,371 ,990.(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes

Line No .y

Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment ofthe foundation ' s exempt purposes ( other than by providing funds for such purposes).

3 Enables the rewarding of post-secondary educational scholarshi ps.4 Enables the rewarding of post-secondary educational scholarshi ps.8 Enables the rewarding of post-secondary educational scholarshi ps.5b Enables the rewarding of post-secondary educational scholarshi ps.7 Enables the rewarding of post-secondary educational scholarshi ps.

x..4102-20-08 Form 99U-Pi- (2007)


Form 990-PF (2007) Bailey Family Foundation 54-1850780 Pag e 13Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt OrganizationsDid the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No

the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting foundation to a noncharitable exempt organization of.

(1) Cash 1011) X

(2) Other assets 102 11 X

b Other transactions:

(1) Sales of assets to a noncharitable exempt organization 1b 1 X

(2) Purchases of assets from a noncharitable exempt organization M2 111 X

(3) Rental of facilities, equipment, or other assets lb ( 3 )1 X

(4) Reimbursement arrangements lb(4)1 X

(5) Loans or loan guarantees M511 X

(6) Performance of services or membership or fundraising solicitations lb ( 6 ) X

Sharing of facilities, equipment, mailing lists, other assets, or paid employees tc X

If the answer to any of the above is 'Yes," complete the following schedule. Column (b) should always show the fair market value of the goods, other assets,

or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, show in

(a) Name of organization (b) Type of organization (c) Description of relationship

N/A

Under penalties of perjury , I declare t I have ex fined this ret , duding accompanying schedules and statements , and to the best of my knowledge and belief , it is true , correct,

and complete Dec ion o pr other th pa d ary)isbased on all information of which pr parer has any knowledge

Sign ture of officer rus

= Preparer'ssignature

anOy Fum'sname (oryours Kositzfa, Wic*6 and 0M

Pa j if sell-employed), 5500 C erokee Ave uit,address , and ZiPcode

Alexandria, Virginia 22

72382202-20-08

15140723 786335 5(

2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described

in section 501 ( c) of the Code ( other than section 501(c)(3 )) or in section 527? 0 Yes OX No

b If Yes' complete the followlna schedule.

Schedule B(Form 990, 990-EZ,or 990-PF)Department of the TreasuryInternal Revenue Service

Schedule of Contributors

Supplementary Information for

line 1 of Form 990, 990-EZ, and 990-PF (see instructions) 2007Name of organization

Organization type(check one)

Filers of: Section:

Form 990 or 990-EZ 0 501 (c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

0 527 political organization

Form 990-PF ® 501(c)(3) exempt private foundation

0 4947(a)(1) nonexempt charitable trust treated as a private foundation

r___1501(c)(3 ) taxable private foundation

OMB No 1545-0047

Employer identification number

Check if your organization is covered by the General Rule or a Special Rule. (Note : Only a section 501(c)(7), (8), or (10) organization can check boxes

for both the General Rule and a Special Rule-see instructions.)

General Rule-

Ell For organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one

contributor. (Complete Parts I and II.)

Special Rules-

El For a section 501(c)(3) organization filing Form 990 , or Form 990- EZ, that met the 33 1/3% support test of the regulations under

sections 509(a)(1)/1 70(b)(1)(A)(vi), and received from any one contributor , during the year , a contribution of the greater of $5,000 or 2%

of the amount on line 1 of these forms . (Complete Parts I and II.)

0 For a section 501(c)(7),(8), or (10) organization filing Form 990, or Form 990- EZ, that received from any one contributor , during the year,

aggregate contributions or bequests of more than $1,000 for use exclusively for religious , charitable , scientific , literary , or educational

purposes , or the prevention of cruelty to children or animals . (Complete Parts I, II, and III.)

0 For a section 501 (c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year,

some contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did not aggregate to more than

$1,000. (If this box is checked, enter here the total contributions that were received during the year for an exclusively religious,

charitable, etc., purpose. Do not complete any of the Parts unless the General Rule applies to this organization because it received

nonexclusively religious, charitable, etc., contributions of $5,000 or more during the year.) .... . . ► $

Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-Q, or 990-PF), but

they must check the box in the heading of their Form 990, Form 990-Q, or on line 2 of their Form 990-PF, to certify that they do not meet the filing

requirements of Schedule B (Form 990, 990-Q, or 990-PF).

LHA For Paperwork Reduction Act Notice, see the Instructions Schedule B (Form 990 , 990-EZ , or 990 -PF) (2007)

for Form 990, Form 990-EZ, and Form 990-PF.

723451 12-27-07

Schedule 8 (Form 990, 990-EZ, or

Name of organization

Part I Contributors (See Specific Instructions)

of I of Part I


(a)

No.

(b)

Name, address, and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

1 Ron & Beverly Bailey Person El

301 West Platt Street, #391 $ 1,902,487 .

Payroll Q

Noncash Ef]

Tampa, FL 3 3 6 0 6(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)


(c)


(d)


Person

$

Payroll 0

Noncash n

(Complete Part II if thereis a noncash contnbution)

(a)

No.

(b)

Name , address, and ZIP + 4

(c)


(d)


Person

$

Payroll 0

Noncash Q

(Complete Part II if thereis a noncash contribution)

(a)

No.

(b)

Name , address, and ZIP + 4

(c)


(d)


Person 0

$

Payroll Q

Noncash Q

(Complete Part II if thereis a noncash contnbution)

(a)

No.

(b)


(c)


(d)


Person

$

Payroll Q

Noncash Q

(Complete Part II if there

is a noncash contribution.)

(a)

No.

(b)


(c)


(d)


Person LI

$

Payroll Q

Noncash Q

(Complete Part li if there

is a noncash contribution.)

723452 12-27-07 Schedule B (Form 990 . 990-EZ. or 990-PF) (2007)


Name of organization

or

Part II Noncash Property (See Specific Instructions)

of I of Part II


(a)No.

from

Part IDescription of noncash property given

(c)

FMV (or estimate)

(see instructions)Date received

Marketable securities1

$ 1,902,487. 12/21/07

(a)


(C)

FMV (oror estimate )


(a)

No.

from

Part I

(b)Description of noncash property given

(C)

FMV (or estimate)

(see instructions)

(d)Date received

(a)


(c)

FMV (oror estimate)


(a)No.

from

Part I

(b)Description of noncash property given

(c)

FMV (or estimate)

(see instructions)

(d)Date received

No.

from

Part I

Description of noncash property given

(c)FMV (or estimate)


723453 12-2 7-07 Schedule B (Form 990. 990-EZ. or 990 - PF) (2007)


Continuation for 990-PF, Part IVBailey Family Foundation 54-1850780 Page 1 of 4Part IV Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold, e . g., real estate ,2-story brick warehouse; or common stock, 200 shs. MLC Co.

( b How acquiredD - PurchaseD - Donation

Date acquired(mo., day, yr.)

( d) Date sold(mo., day, yr.)

la See Schedule D-1 Pb See Schedule D-1 Pc See Schedule D-2 Pd See Schedule D-3 Pe See Schedule D-3 Pf See Schedule D-4 PSee Schedule D-4 P

h See Schedule D-4 Pi See Schedule D-4 PSee Schedule D-5 P

k See Schedule D-5 PI See Schedule D-5 Pm See Schedule D-5 Pn See Schedule D-6 Po See Schedule D-7 P

(e) Gross sales price ( f) Depreciation allowed(or allowable )

( g) Cost or other basisplus expense of sale

( h) Gain or (loss)( e) plus ( f) minus (g)

a 56 , 882. 58 , 934. <2,052.b 239 776. 127 527. 112 249.c 170 900. 128 421. 42 , 479.d 39 , 116. 27 , 295. 11 , 821.e 7 , 997. 7 , 134. 863.f 403 415. 356 363. 47 , 052.

175 937. 199 392. <23 , 455.h 49 , 988. 42 , 806. 7 , 182.

14 , 344. 14 , 640. <296.1 , 074 , 008. 899 101. 174 907.

k 540 517. 625 085. <84 , 568.1 11 , 316. 10 , 716. 600.m 12. 12.n 3 , 000 , 000. 3 , 000 , 000. 0.o 9 , 386. 8 , 886. 500.

Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (I) Losses (from col. (h))


( k) Excess of col. (i)over col. (1), if any

Gains ( excess of col. (h) gain over col. (k),but not less than'-0-)

a ** <2 052.b 112 249.c 42 , 479.d ** 11 821.e 863.f ** 47 , 052.

** <23 , 455. .h 7 , 182.

<296.:** 174 907.

k ** <84 , 568.1 600.m ** 12.n ** 0.0 500.

2 Capital gain net income or ( net capital loss ) t Ifgain ,

tO^nin Part I, line 7 2

3 Net short -term capital gain or (loss) as defined in sections 1222( 5) and (6):If gain, also enter in Part I, line 8, column (c).If (loss), enter * -0-" in Part I, line 8

Jp3

72359104-27-07 ** (Short-term)

1715140723 786335 5041 - 003 2007.06000 Bailey Family Foundation 5041-041

Continuation for 990-PF, Part IVBailey Family Foundation 54-1850780 Pa e 2 of 4Part IV Ca p ital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold, e.g ., real estate ,2-story brick warehouse ; or common stock, 200 shs. MLC Co.

( b How acquiredPurchase

D Donation

( c Date acquired?mo., day, yr.)







(h) Gain or (loss)( e) plus ( f) minus (g)

a 354 000. 300 000. 54,000.b 144 , 101-4. 151 092. <6 , 178.c 134 556. 134 754. <198.d 175 511. 128 381. 47 , 130.e 135 772. 105 301. 30 , 471.f 99 , 858. 94 , 493. 5 , 365.

214 141. 206 497. 7 , 644.h 309 597. 290 447. 19 , 150.

208 685. 184 307. 24 , 378.1 , 012. 1 , 098. <86.:

k 48 , 616. 42 , 508. 6 , 108.5 , 878 , 263. 5 , 805 , 852. 72 , 411.

m 7 , 205 , 133. 5 , 761 , 417. 1 , 443 716.n 1 , 537 , 787. 1 , 440 , 825. 96 , 962.o 5 , 425 , 431. 1 3 , 802 , 650. 1 , 622 , 781.



(k) Excess of col. (i)over cot . (j), if any

Gains (excess of cot . ( h) gain over cot. (k),but not less than'-0 ')

a 54 , 000.b ** <6 178.c <198.d ** 47 130.e 30 , 471.f 5 , 365.

** 7 , 644.h ** 19 150.

24 , 378.** <86.:

k 6 , 108.** 72 All.

m 1 , 443 , 716.n ** 96 , 962.0 1 , 622 , 781.

2If gain, also enter in Part I, line 7

Capital gain net income or ( net capital loss ) ' If (loss) enter'-0- in Part I line 7 f 2

3

,

Net short-term capital gain or (loss ) as defined in sections 1222 ( 5) and (6):If gain, also enter in Part I, line 8, column (c).If (loss), enter '-0' in Part I, line 8

,

3

72359104-27-07 ** (Short-term)


Continuation for 990-PF, Part IVBailey Family Foundation 54-1850780 Pa e 3 of 4Part IV Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold, e . g., real estate ,2-story brick warehouse ; or common stock, 200 shs. MLC Co.

( b 1 How acquired

D - Donation"Date acquiredNo., day, yr.)

( d) Date sold(mo., day, yr.)




(e) Gross sales price ( f) Depreciation allowed(or allowable)


(h) Gain or (loss)( e) plus (f) minus (g)

a 31 , 647. 34 , 558. <2 , 911.b 319 692. 297 637. 22 , 055.c 3 , 458 , 335. 3 , 375 , 523. 82 , 812.d 257 344. 262 061. <4 , 717. .e 957 763. 761 931. 195 832.f 674 488. 895 845. <221 , .357.

867 492. 591 764. 275 728.h 93 , 177. 78 , 270. 14 , 907.

418 152. 239 561. 178 591.79 , 869. 86 , 687. <6 , 818. .

k 315 204. 255 112. 60 , 092.555 989. 522 143. 33 , 846.

m - 55 -, 361. .--- 45 , 975. 9 , 386.n 453 985. 444 809. 9 , 176.o 1 , 659 , 774. 1 1 , 149 , 326. 510 448.



(k) Excess of col. (i)over col. (j), if any

Gains ( excess of col . (h) gain over col. (k),but not less than'-0 ')

a ** <2 911.:b 22 , 055.c ** 82 812.d ** <4 717.:e 195 832.f ** <221 357.:a 75 , 728.h ** 14 , 907.

178 591.** <6 818.:

k 60 , 092.** 33 , 846.

m 9 , 386.n ** 9 , 176.0 510 448.

2 line 7r in Part 1, line 7

Capital gain net income or ( net capital loss) t If (loss) lenter^t 0 -' in Part I 2

3 Net short-term capital gain or (loss ) as defined in sections 1222 ( 5) and (6):If gain, also enter in Part I, line 8, column (c).If (loss), enter '-0- in Part I , line 8

,

3

72359104-27-07 ** (Short-term)


Continuation for 990-PF, Part IVBaile Family Foundation 54-1850780 Page 4 of 4Part IV Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind (s) of property sold, e . g., real estate,2-story brick warehouse ; or common stock, 200 shs. MLC Co.

(b 1 How acquired

D - Donation

(c) Date acquiredNo., day, yr.)



h See Schedule D-27 PSee Schedule D-27 PSee Schedule D-28 P

k See Schedule D-28 PI See Schedule D-28 Pm Ca ital Gains Dividendsn

0


( g) Cost or other basisplus expense of sale

( h) Gain or (loss)(e) plus (f) minus (g)

a 1 , 553 , 577. 1 , 551 , 193. 2.384.b 1 , 194 , 215. 886 991. 307 224.c 411 270. 371 983. 39 , 287.d 9 , 118. 18 , 695. <9 , 577.e 219 675. 441 605. <221 , 930.f 37 , 147. 35 , 337. 1 , 810.

606 204. 551 492. 54 , 712.h 267 122. 256 151. 10 , 971.

293 949. 321 716. .<27 , 767.137 325. 108 004. 29 , 321.

k 93 , 710. 92 , 680. 1 , 030.393. 389. 4.

m 1 , 369 , 897. 1 , 369 , 897.n

0Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31/69 (I) Losses (from col. (h))


( k) Excess of col. (i)over col. (I), if any

Gains (excess of col . (h) gain over col. (k),but not less than'-0-)

a ** 2 , 384.b 307 224.C ** 39 , 287.d <9 , 577.e ** <221 930.f ** 1 , 810.

54 , 712.h ** 10 971.

** <27 , 767. :** 29 , 321.

k 1 , 030.** 4.

m 1 , 369 , 897.in

0

12 Capital gain net income or ( net capital loss )

If ain, also enter in Part I, line 7( If ?loss) line 7 /enter'-0' in Part I 2 6 4 2 5 3 8 4 .,,

3 Net short -term capital gain or (loss ) as defined in sections 1222 ( 5) and (6):If gain, also enter in Part I, line 8, column (c).If (loss), enter *-0-* in Part I, line 8 3 100 , 268.

72359104-27-07 ** (Short-term)


Bailey Family Foundation 54-1850780

Form 990-PF Gain or (Loss) from Sale of Assets Statement 1

(a)Description of Property

See Schedule D-1

(b) (c)Gross Cost or

Sales Price Other Basis

56,882. 58,93


See Scaledu l e D-1



239,776.


127,527.

See Schedule D-2



Manner Date

(d) (e) (f)Expense of

Sale Deprec. Gain or Loss

0. 0. <2,052.>

Manner Date

(d) (e) (f )Expense of


0. 0. 112,249.

Manner DateAcquired Acquired Date Sold

Purchased



170,900. 128,421. 0. 0. 42,479.

21 Statement(s) 115140723 786335 5041-003 2007.06000 Bailey Family Foundation 5041-041

Bailey Family Foundation


54-1850780

Manner Date

See Schedule D-3 Purchased

(b) (c) (d) (e) (f)Gross Cost or Expense of

Sales Price Other Basis Sale Deprec. Gain or Loss

Manner Date

39,116. 27,295. 0. 0. 11,821.




Sales Price Other Basis Sale Deprec . Gain or Loss

7,997. 7, 134. 0. 0. 863.

(a) Manner DateDescription of Property Acquired Acquired Date Sold




Manner Date

403,415. 356,363. 0. 0. 47,052.





175,937. 199,392. 0. 0. <23,455.>








49,988. 42,806. 0. 0. 7,182.



(b) (c) (d) (e) (f )Gross Cost or Expense of


14,344. 14,640. 0. 0. <296.>





1,074,008. 899,101. 0. 0. 174,907.





540,517. 625,085. 0. 0. <84,568.>

54-1850780




See Schedule D-5



11,316. 10,716.

54-1850780

Manner Date



0. 0. 600.


See Schedule D-5



12.


Manner Date



0. 0. 0. 12.

Manner Date

See Schedule D-6



3,000,000. 3,000,000.


See Schedule D-7



9,386. 8,886.



0. 0. 0.


Purchased



0. 0. 500.




See Schedule D-7



354,000. 300,000.

54-1850780

Manner Date



0. 0. 54,000.


See Schedule D-8


vaie S Pricc Otaier BaSiS

144,914. 151,092.

Manner Date


Sale Deprec . Gain Or Loss

0. 0. <6,178.>


See Schedule D-8



134,556. 134,754.

Manner Date



0. 0. <198.>


See Schedule D-9



Manner Date



175,511. 128,381. 0. 0. 47,130.




See Schedule D-9



135,772. 105,301.

54-1850780


Sale Deprec . Gain or Loss

0. 0. 30,471.


See Schedule D-10



99,858. 94,493.


Purchased



0. 0. 5,365.

Manner Date


See Schedule D-10



214,141. 206,497.

Manner Date



0. 0. 7,644.


See Schedule D-11



Manner Date



309,597. 290,447. 0. 0. 19,150.







208,685.


54-1850780

Manner Date

184,307. 0. 0. 24,378.

Manner Date




1,012. 1,098. 0. 0. <86.>





48,616. 42,508. 0. 0. 6,108.





5,878,263. 5,805,852. 0. 0. 72,411.




See Schedule D-13

(b)Gross

Sales Price

7,205,133.


See Schedule D-14

(b)Gross

Sale s Price

1,537,787.

(c)Cost or

Other Basis

5,761,417. 0. 0. 1,443,716.

Manner Date

(c) (d) (e) (f )Cost or Expense of

Other Basis Sale Deprec. Gain or Loss

1,440,825. 0. 0. 96,962.


See Schedule D-14

(b)Gross

Sales Price

5,425,431.

(c)Cost or

Other Basis

5,151,014.

54-1850780

Manner Date




Purchased



0. 0. 274,417.


See Schedule D-15

(b)Gross

Sales Price

31,647.

(c)Cost or

Other Basis

34,558.


Purchased



0. 0. <2,911.>




See Schedule D-15



319,692. 297,637.



0. 0. 22,055.


See Schedule D-16



3,458 ,335. 3,375,523.

Manner Date



0. 0. 82,812.


See Schedule D-17



257,344. 262,061.

Manner Date



0. 0. <4,717.>

II


See Schedule D-17



957,763. 761,931.


Purchased



0. 0. 195,832.

54-1850780

Manner Date




See Schedule D-18



674,488. 895,845.

54-1850780


Purchased



0. 0. <221,357.>


See Schedule D-18


Cpl ee Dri r.c /l^l^c - Llooi oVÂiGV 111V6.. VVss_s Lµ..iiV

867,492. 591,764. 0. 0. 275,728.


Manner Date





Purchased


C=l c T1cr%rcn r%-P- T.r asJ. VV • VMâa vi iJVVV

93,177. 78,270. 0. 0. 14,907.


Manner Date




418,152. 239,561. 0. 0. 178,591.




See Schedule D-20



79,869. 86,687.


See Schedule D-20


Sales Pr OLj L Z lire %a t. 1161 JJGL.71j

315,204. 255,112. 0. 0. 60,092.


See Schedule D-21



555,989. 522,143.


See Schedule D-21

( b ) ( c )Gross Cost or


55,361. 45,975.

54-1850780

Manner Date



0. 0. <6,818.>


Purchased


4 TOSS


Purchased



0. 0. 33,846.


Purchased



0. 0. 9,386.




See Schedule D-22



453,985. 444,809.

54-1850780

Manner Date

(d) (e)Expense of

Sale Deprec.

0. 0.

0. 0. 2,384.

Manner Date





1,659,774. 1,149,326. 0. 0. 510,448.


See Schedule D-23



1,553,577. 1,551,193.





1,194,215. 886,991. 0. 0. 307,224.



(f)

Gain or Loss

9,176.




See Schedule D-24



411,270. 371,983.


See Schedule D-24



9,118. 18,695.

54-1850780


Purchased



0. 0. 39,287.

Manner Date




See Schedule D-25



219,675. 441,605.


Purchased



0. 0. <9,577.>

0. 0. <221,930.>


See Schedule D-26



37,147. 35,337.

Manner Date



0. 0. 1,810.




See Schedule D-26

(b)Gross

Sales Price

606,204.

(c)Cost or

Other Basis

551,492.


Purchased



0. 0. 54,712.


See Schedule D-27

(b)Gross

Sales Price

267,122.

Manner Date

(c)Cost or

Other Basis

256,151. 0. 0. 10,971.


See Schedule D-27



293,949. 321,716.




Purchased



0. 0. <27,767.>





137,325. 108,004. 0. 0. 29,321.

54-1850780




54-1850780

Manner Date




93,710. 92,680. 0. 0. 1,030.





393. 389. 0. 0. 4.

Capital Gains Dividends from Part IV 1,369,897.

Total to Form 990-PF, Part I, line 6a 5,077,020.

Form 990-PF Rental Income Statement 2

Kind and Location of Property

Wallace BranchJoe Sanchez RoadThree Oaks Road

Total to Form 990-PF, Part I, line 5a

Activity GrossNumber Rental Income

2 15,775.3 12,500.4 1,700.

29,975.

35 Statement(s) 1, 215140723 786335 5041-003 2007.06000 Bailey Family Foundation 5041-041


(a)Revenue

Per Books

15,318.11,431.

Form 990-PF Other Income Statement 3

Description

Miscellaneous incomeCalf Sales

Total to Form 990-PF, Part I, line 11

(b)Net Invest-ment Income

15,318.11,431.

54-1850780

(c)Adjusted

Net Income

15,318.11,431.

26,749. 26,749. 26,749.

Form 990-PF Legal Fees Statement 4

Description

Legal

To Fm 990 -PF, Pg 1, In 16a

0.

175. 0.

(d)CharitablePurposes

0. 175.

0. 175.

Form 990-PF Accounting Fees Statement 5

Description

Accounting

To Form 990-PF, Pg 1, In 16b

(a) (b)Expenses Net Invest-Per Books ment Income

81,857. 43,352.

81,857. 43,352. 43,352. 38,505.

Form 990-PF Other Professional Fees Statement 6

Description

(a) (b) (c)Expenses Net Invest- AdjustedPer Books ment Income Net Income

175.


(c) (d)Adjusted Charitable

Net Income Purposes

43,352. 38,505.

(c)Adjusted

Net Income


Trust 30,650. 0. 0. 30,650.Portfolio management fees 364,141. 364,141. 364,141. 0.Appraisal fees 300. 300. 300. 0.

To Form 990-PF, Pg 1, In 16c 395,091. 364,441. 364,441. 30,650.

36 Statement(s) 3, 4, 5, 615140723 786335 5041-003 2007.06000 Bailey Family Foundation 5041-041


Form 990-PF Taxes Statement 7

Description


(c)Adjusted

Net Income


Payroll taxes 17,140. 0. 0. 17,140.Property tax 41,540. 17,891. 17,891. 23,649.Foreign taxes 15,307. 15,307. 15,307. 0.Tax on investment income 79,663. 0. 0. 79,663.Hope Trust taxes 9,204. 0. 0. 9,204.

To Form 990-PF, Pg 1, In 18 162,854. 33,198. 33,198. 129,656.

Form 990-PF Other Expenses Statement 8

Description

Payroll feesInsuranceOffice supplies andequipmentTelephoneRepairs & maintenanceScholarship researchDues & subscriptionsComputer supportPostage & deliveryAuto expenseRepairs & maintenance oninvestment real estateGeneral & administrativeAdvertisingNet investment loss frompassthrough entities (Seeattached schedule)

To Form 990-PF, Pg 1, In 23

15140723 786335 5041-003

(a) (b) (c) (d)Expenses Net Invest- Adjusted CharitablePer Books ment Income Net Income Purposes

1,822. 0. 0. 1,822.15,264. 3,289. 3,289. 11,975.

10,438. 0. 0. 10,438.13,077. 0. 0. 13,077.5,978. 0. 0. 5,978.

12,218. 0. 0. 12,218.1,452. 0. 0. 1,452.

29,216. 0. 0. 29,216.11,039. 0. 0. 11,039.

112. 0. 0. 112.

105,590. 105,590. 105,590. 0.1,637. 0. 0. 1,637.1,349. 0. 0. 1,349.

12,243. 12,167. 12,167. 0.

221,435. 121,046. 121,046. 100,313.

37 Statement(s) 7, 82007.06000 Bailey Family Foundation 5041-041


Form 990-PF Receivables Due From Officers, Directors, Etc. Statement 9

Borrower's Name and Title

Ron K. Bailey, President

Date of MaturityNote Date Terms of Repayment

Immediately

Security Provided by Borrower

Description of Consideration

Amount was reimbursed in 2008when discovered

Interest OriginalRate Loan Amount

.uue

Purpose of Loan

0.

Personal legal fees of Mr. Bailey wereerroneously paid from the Foundation

FMV ofConsideration Balance Due FMV of Loan

0. 90. 0.

Total To Form 990-PF, Part II, line 6 90. 0.

Form 990-PF U.S. and State/City Government Obligations Statement 10

U.S. Other Fair MarketDescription Gov't Gov't Book Value Value

Aegis SUEF (See schedule L-4) X 106,099. 103,888.Aegis BFF (See schedule L-5) X 124,000. 124,021.

Total U.S. Government Obligations 230,099. 227,909.

Total State and Municipal Government Obligations

Total to Form 990-PF, Part II, line 10a 230,099. 227,909.



Form 990-PF Corporate Stock Statement 11

Fair MarketDescription Book Value Value

UBS Financial (See schedule L-1) 4,354,395. 4,824,987.E*Trade B&E (See schedule L-2) 4,195,127. 5,010,788.Charles Schwab (See schedule L-3) 10,258,074. 11,542,257.Charles Schwab - Unit Trust (See schedule L-3) 2,071,554. 2,418,866.Aegis SUEF (See schedule L-4) 1,556,527. 1,905,825.Aegis BFF (See schedule L-5) 1,958,268. 2,060,022.E*Trade CA (See schedule L-6) 3,429,096. 4,346,188.E*Trade OA (See schedule L-7) 845,710. 1,339,555.Merrill Lynch (See schedule L-8) 2,172,084. 2,382,093.Schwab B (See schedule L-9) 1,902,488. 1,877,885.

Total to Form 990-PF, Part II, line 10b 32,743,323. 37,708,466.

Form 990-PF Corporate Bonds Statement 12

Fair MarketDescription Book Value Value

Aegis SUEF - Other Bonds (See schedule L-4) 277,884. 283,260.Aegis BFF - Other Bonds (See schedule L-5) 296,652. 306,637.Merrill Lynch - Other Bonds (See schedule L-8) 2,393,595. 2,441,891.

Total to Form 990-PF, Part II, line 10c 2,968,131. 3,031,788.

Form 990-PF Other Investments Statement 13

Valuation Fair MarketDescription Method Book Value Value

UBS Unsettled Trades FMV 4,744. 4,744.E*Trade B&E (See schedule L-2) FMV 14,203,358. 15,696,766.Charles Schwab (See schedule L-3) FMV 36,665. 36,940.Charles Schwab (See schedule L-3) FMV 4,420,640. 4,467,077.Charles Schwab Dividends Receivable FMV 22,815. 22,815.ML Unsettled Trades FMV 143,444. 143,444.Aegis SUEF - Real Estate (See FMVschedule L-4) 170,099. 183,898.Aegis BFF - Real Estate (See FMVschedule L-5) 245,400. 199,019.E*Trade CA Unsettled Trades FMV 31,648. 31,648.Buckeye Partners, LP FMV 22,688. 24,606.

39 Statement(s) 11, 12, 1315140723 786335 5041-003 2007.06000 Bailey Family Foundation 5041-041


Enterprise Products Partners, LPPlains All American Pipeline, LPTC Pipelines, LPEnergy Transfer Partners, LPRenaissance Access III, LLCCalumet Specialty ProductsPartners, LPCopano Energy, LLCSunoco Logistics Partners, LP

Total to Form 990-PF , Part II, line 13

54-1850780

FMV 13,298. 15,940.FMV 23,089. 23,556.FMV 35,337. 39,820.FMV 24,096. 24,839.FMV 198,440. 196,688.FMV

26,961. 24,181.FMV 25,223. 32,279.FMV 37,628. 33,470.

19,685,573. 21,201,730.

Form 990-PF Part XV - Line la Statement 14List of Foundation Managers

Name of Manager

Ron K. Bailey

Beverly W. Bailey


Bailey Family Foundation, Inc.

FEIN # 54-1850780

2007 Form 990-PF, Part 1, Line 23

Net Investment Income (Loss) from Passthrough Entities

Partnership's Name Partnership's EIN

(a)Non-

Revenue Per Deductible

Books Expenses

(r J

Net Investment Adjusted Net

Income (Loss ) Income

Buckeye Partners, LP 23-2432497 (1,121) 7 (1,114) (1,114)

Energy Transfer Partners, LP 731493906 229 - 229 229

Enterprise Products Partners, LP 76-0568219 (1,424) 2 (1,422) (1,422)

Plains All American Pipeline, LP 76-0582150 (729) (729) (729)Renaissance Access III 20-8038970 (1,559) 44 (1,515) (1,515)

TC Pipelines, LP 52-2135448 (3,239) 3 (3,236) (3,236)

Calumet Specialty Products Partners, LP 35-1811116 (728) 15 (713) (713)

Copano Energy, LLC 51-0411678 (2,833) (2,833) (2,833)

Sunoco Logistics Partners LP 23-3096839 (839) 5 (834) (834)

Total (12,243) 76 (12,167) (12,167)

Page 1 of I

54-185078001/01/2007 - 12/31 /2007

Sorted : General - Tax Return Attachment

Bailey Family Foundation , Inc. [Bailey Famil]

Depreciation Expense Fe 10TAX Z Cl`1

01/01/2007 - 12/31/2007

511- 1850 80

Fdrm 9q)"PF, f ..r + JI

7/22/20085:37:43PM

System S Description Date In Method / Life Cost / Other Bus./ Inv . % Sec. 179/ Salvage/ Basis Beg. Accum . Current TotalNo. Service Conv. Basis Bonus Adj. Depreciation Depreciation Depreciation

Investments.' - - ------ ---- - ---,-,- - - -- - - , - - -

' I ' - u- - ; - -- _ .

10 Improvements - Excav, 5/18/2000 No Calc / N/A,.

15.0000 5,290.00 100.0000 0.00 0.00 0 00 0.00 0.0011 Building • Plant City, FI 5/18/2000 No Calc / N/A 39.0000 256,735.00 100.0000 0 00 0.00 0.00 0.00 0.0016 Land - Plant City, Floric 5/18/2000 No Calc / N/A 0.0000 138,242.00 100.0000 0.00 0.00 0.00 0.00 0.0012 Improvements • Fence: 7/11/2000 No Calc / N/A 15.0000 2,471.00 100.0000 0.00 0.00 0.00 0.00 0.00

13 Improvements • Survey 10/6/2000 No Calc / N/A 15.0000 2,385.00 100.0000 0.00 0.00 0.00 0.00 0.00

15 Improvements - Fence: 10/27/2000 No Calc / N/A 15.0000 3,656.00 100.0000 0.100 0.00 0 00 0.00 0.0014 Improvements - Lands( 11/5/2000 No Calc / N/A 15.0000 1,850.00 100.0000 0.00 0.00 0.00 0.00 0.00

23 Improvements - Fence 1/5/2001 No Calc / N/A 15.0000 4,010.00 100.0000 0.00 0.00 0.00 0.00 0.00

25 Land - Thonotosassa F 8/24/2001 No Calc / N/A 0.0000 1,055,430.67 100.0000 0.00 0 00 0.00 0.00 0.0024 Improvements • lrrigatik 11/1/2001 No Calc / N/A 15.0000 26,475.00 100.0000 0.00 0.00 0 00 0.00 0 00

26 Improvements • Gate & 11/1/2001 No Calc / N/A 0.0000 7,237.00 100.0000 0.00 0.00 0.00 0.00 0.00

27 Building - Barn 12/6/2001 No Calc / N/A 0.0000 46,986.00 100.0000 0.00 0.00 4,028.00 0.00 4,028.00

30 Improvements • Gate 8 9/12/2002 No Calc / N/A 0.0000 31,893.00 100.0000 0.00 0.00 0 00 0.00 0.00

28 Improvements • Gazeb 10/1/2002 No Calc / N/A 15.0000 2,782.00 100.0000 0.00 0.00 0.00 0.00 0.00

29 Improvements - Paving 10/8/2002 No Calc / N/A 15.0000 18,420.00 100.0000 0.00 0.00 0.00 0.00 0.00

32 Improvements - Irrigatil 2/1/2003 No Calc / N/A 15.0000 325.00 100.0000 0.00 0.00 0.00 0.00 0.00

31 (2) Cows 5/12/2003 No Caic / N/A 7.0000 2,550.00 100.0000 0.00 0.00 0.00 0.00 0.00

34 Improvements - Trees 9/1/2003 No Calc / N/A 0.0000 2,240.00 100.0000 0.00 0.00 0.00 0.00 0.00

33 Improvements - Roof 11/1/2003 No Calc / N/A 39.0000 6,400.00 100.0000 0.00 0.00 0.00 0.00 0.00

36 Land - 2103 Wallace Bi 8/30/2004 No Calc / N/A 0.0000 50,000.00 100.0000 0.00 0.00 0.00 0.00 0.00

55 2006 M8540 Tractor • - 11/2/2004 SL / N/A 7.0000 19,627.46 100.0000 0.00 0.00 6,075.16 2,803.92 8,879.08

38 18 Cows 1/26/2005 No Calc / N/A 7.0000 27,000.00 100.0000 0.00 0.00 0.00 0.00 0.0041 Improvements - fence 1/26/2005 No Calc / N/A 0.0000 7,559.00 100.0000 0.00 0.00 0.00 0 00 0.00

42 Improvements-Gate en 3/1/2005 No Calc / N/A 0.0000 650.00 100.0000 0.0() 0.00 0.00 0.00 0.00

43 Permanent Improveme 3/11/2005 No Calc / N/A 0.0000 4,874.54 100.0000 0.00 0.00 0.00 0.00 0.00

35 Building - 2103 Wallact 1/1/2006 SL / N/A 39.0000 135,000.00 100.0000 0.00 0.00 3,461.54 3,461.54 6,923.08

37 Improvements - Fence 1 /1 /2006 SL / N/A 15.0000 10,566.50 100.0000 0.00 0.00 704.43 704.43 1,408.86

44 New fence 1/1/2006 SL / N/A 15.0000 10,680.50 100.0000 0.00 0.00 712.03 712.03 1,424.06

47 M8540 Cab Tractor 6/6/2006 SL / N/A 7.0000 0.00 100.0000 000, 0.00 0.00 0.00 0.00

56 2006 M8540 Tractor - I 6/6/2006 SL / N/A 7.0000 32,567.00 100.0000 0.00 0.00 2,713.92 4,652.43 7,366.35

51 Cattle Guards 8/1/2006 No Calc / N/A 0.0000 4,092.75 100.0000 0.00 0.00 0.00 0.00 0.00

52 Joe Sanchez Rd - Plan 12/28/2006 No Calc / N/A 0.0000 1,043,623.36 100.0000 0.00 0.00 0 00 0 00 0.00

57 6 Cattle 2/15/2007 No Calc / N/A 7.0000 11,300.00 100.0000 0.00 0.00 0.00 0.00 0.00

74 2006 anderson dump t 4/2/2007 SL / N/A 5.0000 6,088.47 100.0000 0.00 0.00 0.00 913.27 913.27

59 4402 Joe Sanchez Lan 4/27/2007 No Calc / N/A 0.0000 676,456.00 100.0000 0.00 0.00 0.00 0.00 0.00

58 Building improvements 6/19/2007 No Calc / N/A 0.0000 4,484.90 100.0000 0.00 0 00 0.00 0.00 0.00

60 4402 Joe Sanchez Bid, 6/19/2007 No Calc / N/A 0.0000 82,202.37 100.0000 0.00 0.00 0.00 0.00 0.00

61 3802 Joe Sanchez Lan 7/18/2007 No Calc / N/A 0.0000 546,075.00 100.0000 0.00 0.00 0.00 0.00 0.00

62 3802 Joe Sanchez Bid- 7/18/2007 SL / N/A 27.5000 362,474.61 100 0000 0.00 0.00 0.00 5,492.04 5,492.04

63 4205 Three Oaks Land 8/13/2007 No Calc / N/A 0.0000 59,444.00 100.0000 0.00 0.00 0.00 0.00 0.00

64 4205 Three Oaks Bldg 8/13/2007 SL / N/A 27.5000 73,312.47 100.0000 0.00 0.00 0.00 1,110.80 1,110.80

65 Lot 8 Three Oaks 12/18/2007 No Calc / N/A 0.0000 29,088.50 100.0000 0.00 0.00 0.00 0.00 0.00

Subtotal : Investments 4,812,545.10 0.00 0.00 17,695.08 19,850.46 37,545.54

Less dispositions and exchanges : 0.00 0.00 0.00 0.00 0.00 0.00

Net for : Investments 4,81 2,545.10 0.00 0.00 17,695. 08 19,850.46 37,545.54

Page lot 2

54-185078001/01 /2007 - 12/31/2007

Bailey Family Foundation , Inc. [Bailey Famifl ^r0'7FEIN 5q -18 ^0 7/22/2008Depreciation Expense 5:37:43PM

Sorted : General - Tax Return Attachment TAX 2-C7 F?Sryy, 9 J0 - V-T1 - i

01/01 /2007 - 12/31/20

System S Description Date In Method / Ufa Cost / Other Bus ./ Inv. % Sec . 179/ Salvage/ Basis Beg . Accum. Current TotalNo. Service Conv . Basis Bonus Adj. Depreciation Depreciation Depreciation

Lifid,bull n"

g71a, equl men -"r'

1 Computer Equipment 12/1/1997 SL / N/A 5.0000 8 , 352.00 100 .0000 0 .00 0.00 8 ,352.00 0.00 8,352.002 Phone Systems 12/1/1997 SL / N/A 5.0000 5 , 317.00 100.0000 0.00 0.00 5 ,317.00 0 .00 5,317.003 Office Equipment 12/1/1997 SL / N/A 5.0000 2 ,346.00 100 .0000 0 00 0 .00 2,346 .00 0.00 2 ,346.004 Computer Equipment 5/18/1998 SL / N/A 5.0000 1 , 154.00 100 .0000 0 . 00 0.00 1 , 154.00 0 .00 1,154.005 Computer Equipment 11 /20/1998 SL / N/A 5.0000 6,474.00 100 .0000 0 00 0.00 6,474.00 0.00 6,474.006 Computer Equipment 7/6/1999 SL / N/A 5.0000 2 ,320.00 100 .0000 0 00 0 00 2,320 .00 0.00 2 ,320.007 Computer Hardware 9/1/1999 SL / N/A 5.0000 11 ,611.00 100.0000 0 . 00 0.00 11 , 611.00 0 .00 11,611.008 Copier 9/14/1999 SL / N/A 5.0000 1 , 146.00 100 .0000 0 „00 0.00 1 , 146.00 0 . 00 1,146.009 Furniture 9/14/1999 SL / N/A 5.0000 2 , 845.00 100 .0000 0 00 0 .00 2,84500 0.00 2 ,845.0017 Computers - Dell #1 8/1/2001 SL / N/A 5.0000 0 .00 100 .0000 0 . 00 0.00 0.00 0.00 0.0018 Computer - Dell #2 8/1/2001 SL / N/A 5.0000 0.00 100.0000 0 . 00 0.00 0 .00 0.00 0.0019 Dell Mail Server 10/2/2001 SL / N/A 5.0000 0 .00 100 .0000 0 . 00 0.00 0 .00 0.00 0.0020 Computer - Dell (Tamp; 12/1/2001 SL / N/A 5.0000 0 .00 100 .0000 0 00 0.00 0.00 0 .00 0.0053 2006 Pontiac GMC - tr; 11 /18/2004 SL / N/A 5.0000 45 ,332.35 100 .0000 0.00 0.00 18,888 .48 9,066 .47 27,954.9545 New Server 1/1/2005 SL / N/A 5.0000 3 , 599.90 100 .0000 0 . 00 0.00 1,439.96 719.98 2,159.9446 (2) Computers 3/8/2005 SL / N/A 5.0000 2 , 405.54 100 .0000 0 . 00 0.00 882.03 481.11 1 ,363.1454 2006 Pontiac GMC - Bi 9/19/2006 SL / N/A 5.0000 28 ,000.00 100 .0000 0 .00 0.00 1,400.00 5,600.00 7,000.0049 Pontiac GMC 9/19/2006 SL / N/A 5 .0000 0 .00 100 .0000 0.00 0 .00 0.00 0.00 0.0050 912 Platt Street - Land 12/28/2006 No Calc / N/A 0.0000 515 , 194.00 100.0000 0 .00 0.00 0 .00 0.00 0.0048 912 Platt Street - Offic( 12/28/2006 SL / N/A 39 .0000 1 , 452,998 .00 100 .0000 0 .00 0.00 0 .00 37,256.36 37,256.3667 Dell laptop - Kent Baile 3/27/2007 SL / N/A 3.0000 4,253 . 75 100.0000 0 .00 0.00 0 .00 1,063.44 1,063.4468 Power edge 1950 ema 4/5/2007 SL / N/A 3.0000 4,900 . 21 100.0000 0 .00 0.00 0 .00 1,225 .05 1,225.0570 Kyle dell 30 ' wide scre 4/8/2007 SL / N/A 3.0000 1 , 603.93 100 .0000 0.00 0.00 0 .00 400 .98 400.9871 Wes/de" xps M1210 b 4/8/2007 SL / N/A 3.0000 3 ,361.45 100.0000 0.00 0.00 0 . 00 840 .36 840.3672 Kyle/dell xps 210 bund 4/8/2007 SL / N/A 3.0000 3 , 597.40 100 .0000 0 . 00 0.00 0 .00 899.35 899.3569 Kyle office chair 5/17/2007 SL / N/A 7.0000 1 , 327.00 100 .0000 0.00 0.00 0.00 110 . 58 110.5873 52 ' Sony LCD TV 6/19/2007 SL / N/A 3.0000 4,045.00 100 . 0000 0 . 00 0.00 0 .00 674.17 674 1766 Conference furniture 6/27/2007 SL / N/A 7.0000 98 ,967.08 100 .0000 0.00 0.00 0.00 7,069 .08 7,069.0877 Dell/Pi computer & Ker 7/13/2007 SL / N/A 3.0000 2 ,604.36 100 .0000 0 . 00 0.00 0 .00 434 .06 434.0678 Dell/bundle RKB optipl 7/13/2007 SL / N/A 3.0000 2,478.40 100 .0000 0 . 00 0.00 0 .00 413 . 07 413.0775 Kent lounge chair 7/19/2007 SL / N/A 7.0000 1,259.00 100.0000 0 . 00 0.00 0 .00 74.94 74.9476 Dell/UPS main module 7/20/2007 SL / N/A 3.0000 2 , 298.36 100.0000 0 . 00 0.00 0 .00 319 .22 319.2280 Dell XPS M1330 8/21/2007 SL / N/A 3.0000 3 ,345.90 100 .0000 0 . 00 0.00 0 .00 371 .77 371.7779 Furniture 9/11/2007 SL / N/A 7.0000 5 , 803.57 100.0000 0 .00 0.00 0 .00 276.36 276.3681 Staples -Fireproof filing 10/8/2007 SL / N/A 7.0000 2,995.99 100 .0000 0 .00 0.00 0 .00 107 .00 107.0083 Dell computer equipmc 10/23/2007 SL / N/A 3.0000 3 , 105.14 100.0000 0.00 0.00 0 00 172 . 51 172.5184 Building Improvement: 10/23/2007 SL / N/A 39 .0000 831 ,634.05 100 .0000 0 . 100 0.00 0 .00 3,553 .99 3,553.9982 Furniture 11/2/2007 SL / N/A 7.0000 1 , 206.27 100 .0000 0.100 0.00 0 .00 28.72 28.72Subtotal : Land , buildings , equipment 3,067 ,881.65 0.00 0.00 64, 175.47 71,158 .57 135 ,334.04

Less dispositions and exchanges : 0.00 0 . 00 0.00 0 .00 0.00 0.00

Net for : Land , buildings , equipment 3,067 ,881.65 0.00 0.00 64, 175.47 71 , 158.57 135,334.04

Subtotal : 7,880 , 426.75 •, -O,00 0.00 81;870.55 91 ,009.03 172 ,879.58

Less dispositions and 'exchanges : 0.00 0.00 = 400* 0.00 0 .00 ' 0.00Grand Totals : 7,880,426.75 .•',0.00 0.00 81 ,870.55 , 91,009 .03 172 ,879.58

Page 2 of 2

Bailey Family Foundation, Inc.FEIN # 54-1850780

2007 Capital Gains & Losses

Schedule D-1

Gains/(Loss)Date Date Sale Cost

Shares Description Symbol Bought Sold Price Basis Short-Term Long-Term

762.13 DFA US Large Cap Value DFLVX 10/18/07 12/07/07 18,962 .08 19,868 .03 (905.95) -699.30 DFA US Large Co DFLCX 10/18/07 12/07/07 30,950.05 31,658.66 (708.61) -332.23 DFA US Small Cap Port DFSTX 10/18/07 12/07/07 6,970.00 7,407.28 (437.28) -

Total Short-Term Loss 56,882 . 13 58,933.97 (2,051.84) -

3,773.59 DFA Emerging Mkts DFEMX 01/10/05 10/18/07 135,975.00 60,299.25 - 75,675.75685.50 DFA Emerging Mkts DFEMX 01/10/05 12/07/07 24,950.10 10,953.73 - 13,996.37829.49 DFA Five Year Global FI DFGBX 01/10/05 12/07/07 8,970.00 8,726.11 - 243.89577.76 DFA Intl Small Co DFISX 01/10/05 12/07/07 11,970.00 8,173.20 - 3,796.80

1,143.29 DFA Intl Value DFIVX 01/10/05 10/18/07 29,975.00 18,326.22 - 11,648.78659.94 DFA Intl Value DFIVX 01/10/05 12/07/07 16,966.07 10,578.36 - 6,387.71

1,057.69 DFA Two Year Global FI DFGFX 01/10/05 12/07/07 10,970.00 10,470.34 - 499.66

Total Long-Term Gain

TOTAL

239,776.17 127,527.21

296,658.30 186,461.18

- 112,248.96

(2,051.84) 112,248.96

Page 1 of 1


FEIN # 54-1850780


Schedule D-2

Date Date Sale CostShares Description Symbol Bought Sold Price Basis Short-Term Long-Term

1,998.72 DFA Emerging Mkts Value DFEVX 03/24/06 10/18/07 93,975.00 53,332.58 - 40,642.421,669.76 DFA Five Year Global Fl DFGBX 03/24/06 10/18/07 17,975.00 17,095.28 - 879.724,117.65 DFA One Year FI DFIHX 03/24/06 10/18/07 41,975.00 41,786.30 - 188.701,645.69 DFA Two Year Global Fl DFGFX 03/24/06 10/18/07 16,975.00 16,206.55 - 768.45

Total Long-Term Gains 170,900 .00 128,420.71 - 42,479.29

Page 1 of I

Bailey Family FoundationFEIN #: 54-18507802007 Capital Gains & LossesSchedule D - 3 Pg. 1 of I

2007 CAPITAL GAIN AND LOSS TRANSACTIONSDate Acquired Date Liquidated Amortization/Accretion

Security Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Safes Price Cost Basis Gain or (Loss)

SHORT TERM CAPITAL GAINSISHARES MSCI EMERGING 130.0000 03/14/07 10/17/07 20, 397.98 14 , 193.40 6 , 204.58

70.0000 03/14/07 11/02/07 11,200.97 7, 642.59 3,558.3850.0000 03/14/07 11/12/07 7,517.04 5,459.01 2,058.03

Subtotal 39 ,115.99 27,295 .00 11 ,820.99

NET SHORT TERM CAPITAL GAIN (LOSS)

OTHER TRANSACTIONS

11,820.99

TC PIPELINES LP 210.0000 02/23/07 09/06/07 7,996.69 71g^, 67 862-82-

TOTAL

Subtotal 7,996.69

CAPITAL GAINS AND LOSSES 47,112.68 34,14 (2,(83.81

TOTAL REPORTABLE GROSS PROCEEDS 47,112.68DIFFERENCE .00'

Bailey Family FoundationFEIN #: 54-18507802007 Capital Gains & LossesSchedule D - 4 Pg. 1 of 3

THE BAIIEY-FAMILY FOUNDATION2007 ANNUAL STATEMENT SUMMARY

Your Tax Reporting Statement information that follows is a personal summary of your account activity and is not reported to the IRS.The Capital Gain and Loss Transaction section is provided to facilitate your review and may not Include return of capital , sales load deferral, or wash sales adjustments

.RICs (which may includemutual funds and unit investment trusts) may reclassif principal distributions as capital gains . The cost basis for these securities may not have been adjusted on your statement to reflect such

reclassifications . Please refer to information provided by the RIC and discuss with your fax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("DID") obligations includes. the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consistin g of a purchase contract and a debt security subject to a remarketin event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price. The difference between your ori g inal cost and the amount allocable to the d9ebt comonent was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract it was assumed that the unit holder included contract adjustment payments In Income received . In calculating gain (loss), unless otherwise noted} it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated In the following pages for your convenience. Additionally we have Included items such as margin Interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor . For select clients, we have also included a summary of Visa charges and checking activity.

Merrill Lynch is neither a tax return preparer or tax advisor . Please see your tax advisor for more information.


Security Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

SHORT TERM CAPITAL GAINSAPPLEBEES INTL INC 1250.0000 11/14106 07/25/07 30,666.16 29,949.50 716.66

COMPANHIA D SNMNTO BSCO 120.0000 08/28/06 06/05/07 4,699.18 3,184.04 1,515.14

CONTINENTAL AIRLS CL B 800.0000 11/13/06 02/27/07 31,447.03 30,216.00 1,231.03

ISHARES MSCI EMERGING 100.0000 09/18/07 10/17/07 15,690.75 14,201.00 1,489.75300.0000 09/18/07 10/17/07 47,072.28 42,606.00 4,466.28

9.0000 09/18/07 10/17/07 1,412.17 1,282.24 129.9352.0000 09/18/07 10/19/07 7,949,19 7,408.50 540.69

110.0000 09/18/07 11/02/07 17,601.53 15,671.84 1,929.69115.0000 09/18/07 11/12/07 17,289.20 16,384.21 904.99

GOLDCORP INC 216.0000 03/01/07 10/17/07 6,831.41 5,655.85 1,175.56

HOME DEPOT INC 720.0000 07/14/06 05/01/07 27,476.93 24,666.12 2,810.81

MOSAIC CO 300.0000 01/18/07 08/15/07 11,939.81 6,594.00 5,345.81

100.0000 01/18/07 09/10/07 4,220.93 2,197.99 2,022.94

100.0000 01/18/07 09/10/07 4,221.93 2,198.00 2,023.93

Ta".57 %013

mc^Merrill Lynch

THE BAILEY FAMILY FOUNDATION2007 ANNUAL STATEMENT SUMMARY


Security Description Quantity

2007 CAPITAL GAIN AND LOSS TRANSACTIONSDate Acquired Date Liquidated Amortization/AccretionCover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

NRG ENERGY INC 1068.0000 02/26/07 06/07/07 44,812.59 36,585.94 8,226.65524.0000 02/26/07 06/08/07 21,639.92 17,950.40 3,689.52

ST JUDE MEDICAL INC 500.0000 11/21/06 02/26/07 20,194.38 19,030.00 1,164.38

STANCORP FINANCL GRP INC 34.0000 01/30/07 02/26/07 1,666.28 1,607.56 58.72

TRANSOCEAN INC 400.0000 11/06/06 02/14/07 31,175.04 30,284.00 891.04

UNIBANCO-GDR SPSD ADR 200.0000 04/16/07 09/10/07 20,687. 68 19,352.00 1,335.68100.0000 04/16/07 09/10/07 10,345.84 9,676.00 669.84

YAHOOINC 810.0000 10/17/06 03/01/07 24,375.07 19,662.26 4,712.81Subtotal 403,415 .30 356 ,363.45 47,051.85

SHORT TERM CAPITAL LOSSESAMR CORP DEL 900.0000 11/13/06 08/15/07 20,708.68 27,351.00 (6,642.32)

ALLIED WASTE INDS NEW 1900.0000 11/06/06 08/15/07 23,749.63 24,054.00 (304.37)100.0000 11/06/06 08/15/07 1,252.98 1,266.00 (13.02)

1000.0000 12/04/06 08/15/07 12,549.80 12,730.00 (180.20)

GOOGLE INC CL A 100.0000 11/06/06 02/27/07 45,697.60 47,824.99 (2,127.39)

LAMAR ADVERTISING CL A 23.0000 12/04/06 08/15/07 1,162.40 1,407.14 (244.74)100.0000 12/04/06 08/15/07 5,053.93 6,118.00 (1,064.07)77.0000 12/04/06 08/15/07 3,891.52 4,710.86 (819.34)

300.0000 12/04/06 08/15/07 15,161.81 18,353.97 (3,192.16)

NETWORK APPLIANCE INC CA 621.0000 08/22/07 12/18/07 15 , 501.16 16 , 910.45 (1,409.29)

RED HAT INC 865.0000 06/27/07 09/10/07 16 , 287.70 21,113.53 (4,825.83)

T9e, 9- of 3

WMCI,

Merrill Lynch

THE BAILEY FAMILY FOUNDATION


2007 ANNUAL STATEMENT SUMMARY


Security Description Quantity Cover o Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

SAKS INC

STANCORP FINANCL GRP INC


870.0000 01 /11/07 .D/i0/07

34.0000 02 /08/07 01 /30/07(s)SubtbtI

13,319.49 15,944.75 (2,625.26)

1,600.76 1,607.56 6.80175,937 .46 199,392.25 (23, . )

23,597.06

LONG TERM CAPITAL GAINSBOEING COMPANY 240.0000 10/04/06 12/11/07 21,515.83 19,891.20 1,624.63

COMPANHIA D SNMNTO BSCO 26.0000 08/28/06 12/17/07 1,167.75 689.87 477.88

JUNIPER NETWORKS INC 328.0000 11/21/06 12/18/07 10,376.45 6,962.94 3,413.51

XILINX INC 690.0000 09/13/06 10/25/07 16,927.79 15,262.04 1,665.75Subtotal 49,987.82 42,806.05 7 , 181.77

BOEING COMPANY 160.0000 11 /21/06 12/11/07 14 ,343.90 14,640.00 (296.10)Subtotal 14,343.90 14,640.00 (296.10)

NET LONG TERM CAPITAL GAIN (LOSS) 6,885.67

TOTAL CAPITAL GAINS AND LOSSES 643,684 .48 613 ,201.75 30, 482.73

TOTAL REPORTABLE GROSS PROCEEDS 642,083.72

DIFFERENCE 1,600.76'

Note: Capital gains and losses in this statement are not reported to the IRS.

' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not Included in the gain/loss section (e.g., liquidation of

fractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportable

-gross -j5r6Cee-as'3estion (e.g., option premium received).(S) - Short Sale

V0.gG 3 3

Merrill Lynch



Your Tax Reporting Statement Information that follows is a personal summary of your account activity and Is not reported to the IRS.The Capital Gain and Loss Transaction section is provided to facilitate your review and may not Include return of capital, sales load deferral, or wash sales adjustments . RICs (which may Includemutual funds and unit Investment trusts) may reclhssi ry principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided" by the RIC and discuss with your tax advisor. Securities distributed from a retiement account reflect the tx basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations Includes the accretion of OID . For purposes of allocatin original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketi?e event, we assumed the fair market value of the debt secun y on purchasedate was equal to its adjusted issue price . The difference between your original cost and the amount allocable to the bt component was allocated to the purchase contract . in making adj ustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments In Income received. In calculating gain (loss ), unless otherwise noted, It wasassumed that the oldest position was liquidated first, and that an election was In effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience. Additional/y, we have included Items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these Items with your tax advisor . For select clients, we have also lncltfded a summary of Visa charges and checking activity.

Merrill Lynch Is neither a tax return preparer or tax advisor. Please see your tax advisor for more information.


Security Description Quantity Cover of-Short Short Sale Year-to-Date Life -to••Date Sales Price Cost Basis Gain or (Loss)

SHORT TERM CAPITAL GAINSAK STEEL HOLDING CO 736 .0000 01/03/07 02/27/07 15,658.57 12 , 438.40 3 , 220.17

ALASKA CMNCATNS SYS GRP 870.0000 10/03/06 01 /03/07 13,214.89 11,500 4-} .1(.%4 •g

AMN HEALTHCARE SVCS INC 29.0000 10/03/06 01/03/07 801.53 680.92 120.61

AU OPTRONICS CORP ADR 1371.0000 07/09107 10/11/07 26,404 . 36 24,190.50 2,213.86

AES CORP 6.0000 10/03/06 01/03/07 132.41 124 . 26 8.15564.0000 10/03/06 07/09/07 12,670.68 11,680 .44 990.24

240.0000 02/02/07 07 /09/07 5,391.78 4,992.00 399.78

27.0000 04/02/07 07 /09/07 606.57 592.65 13.92

ALLIED WASTE INDS NEW 1013 .0000 01/03/07 07/09/07 14,104.28 12,540.94 1,563.34

392.0000 02/02/07 07/09/07 5,457 . 93 5,001 . 92 456.01

16.0000 04/02/07 07/09 /07 222.77 203.04 19.73

284.0000 04/19/07 07/09/07 3,954 . 22 3,606.80 347.42

TVfW1

mq"Merrill Lynch



2007 CAPITAL GAIN AND LOSS TRANSACTIONS

Security DescriptionDate Acquired Date Liquidated Amortization/AccretUon

Quantity Cover of Short Short Sale Year-to-Date Life to-Date Sales Price Cost Basis Gain or (Loss)

ARCELOR MITTAL CL A 62.0000 01/03/07 04/02/07 3,295.48 2,604.61 690 87233.0000 01/03/07 06/26/07 14,448.03 9,788.34.

4 659 69105.0000• 02/02/07 06/26/07 6,510.92 4,964.40

, .1 546.52

69.0000 04/19/07 06/26/07 4,278.61 3,647.34,631.27

BRASIL TELECOM PAR SPADR 31.0000 07/10/07 10/11/07 2,461.06 2,215.57 245.49

BRITISH AWYS PLC ADR 20.0000 10/03/06 01/03/07 2,126.93 1,656.59 470.34120.0000 10/03/06 07/16/07 10,656.25 9,939.61 716.64

CSX CORP 46.0000 01/03/07 04/02/07 1,839.97 1,586.99 252.98315.0000 01/03/07 07/10/07 14,555.67 10,867.51 3,688.16132.0000 02/02/07 07/10/07 6,099.51 4,990.92 1,108.5939.0000 04/19/07 07/10/07 1,802.14 1,773.33 28.81

COMP SIDER NACL SPNS ADR 415.0000 01/03/07 04/02/07 17,715.08 12,653.35 5,061.73149.0000 02/02/07 04/02/07 6,360.36 4,990.01 1,370.35

CABOT OIL & GAS CORP 531.0000 04/02/07 10/11/07 19,859.25 18,281.91 1,577.3486.0000 04/19/07 10/11/07 3,216.38 2,997.10 219.28

CENTURY ALUMINUM INC 9.0000 01/03/07 04/02/07 422.27 405.62 16.65270.0000 01/03/07 06/07/07 14,590.57 12,168.91 2,421.66111.000C 02/02/07 06/07/07 5,998.35 4,963.64 1,034.7165.000C 04/19/07 06/07/07 3,512.55 3,115.45 397.10

COPEL PARANA ADR PREF B 309.000( 04/02/07 06/26/07 5,061.09 3,626.64 1,434.45938.000( 04/02/07 07/09/07 17,191.21 11,009.02 6,182.19292.000( 04102/07 07/10/07 5,193.40 3,427.12 1,766.28136.000( 04/19/07 07/10/07 2,418.85 1,755.76 663.09

CINCINNATI BELL INC NEW 492.000( 04/02/07 06/26/07 2,907.72 2,296.45 611.273313.0001 04/02/07 10/11/07 16,836.73 15,463.77 1,372.96

CORUS GROUP PLC SPN ADR 770.000, 10/03/06 01/03/07 16,100.20 11,434.50 4,665.70

^0% 2 1 10

,MCI,

WMerriLynch




Security Description Quantity Cover of Short Short Sale Year-to-Date Life -to - Date Sales Price Cost Basis Gain or (Loss)

CHINA UNICOM LTD SPD ADR 345.0000 10/03/06 01/03/07 5,098.94 3,432.74 1,666.20104.0000 10/03/06 06/27/07 1,757.21 1,034.80 722.41731.0000 10/03/06 07/09/07 12,715.40 7,273.46 5,441.94371.0000 02/02/07 07/09/07 6,453.37 4,997.37' 1,456.0058.0000 04/02/07 07/09/07 1,008.88 834.08 174.80

156.0000 04/19/07 07/09/07 2,713.55 2,288.07 425.48

CHINA PETE CHEM SPN ADR 40.0000 01/03/07 06/26/07 4,499.75 3,819.99 679.7631.0000 01/03/07 10/11/07 4,499.58 2,960.50 1,539.08

CHEVRON CORP 170.0000 10/03/06 01/03/07 12,370.52 10,769.50 1,601.02242.0000 04/02/07 07/24/07 22,225.89 18,097.63 4,128.2636.0000 04/19/07 07/24/07 3,306.34 2,778.84 527.50

COMPANHIA D SNMNTO BSCO 380.0000 10103/06 01/03/07 12,938.60 11,253.02 1,685.58

CHINA TELECOM CORP LTD 46.0000 04/02/07 06/27/07 2,787.84 2,277.70 510.14319.0000 04/02/07 07/09/07 20,144.09 15,795.42 4,348.6748.0000 04/19/07 07/09/07 3,031.09 2,438.40 592.69

CONTINENTAL AIRLS CL B 109.0000 10/03/06 01/03/07 4,523.36 3,352.97 1,170.39301.0000 10/03/06 06/26/07 9,920.71 9,259.12 661.59

DEUTSCHE LUFT AG SPN ADR 540.0000 10/03/06 01/03/07 15,254.53 11,529.00 3,725.53

DELHAIZE GROUP SPONS ADR 13.000C 10/03/06 04/02/07 1,195.20 1,102.91 92.29

EMPRESAS ICA SA DE CV 1029.0000 07/16/07 10/11/07 27,999.69 23,939.96 4,059.73

GERDAU SA SPONS ADR 778.0000 01/03/07 04/02/07 14,185.52 12,977.04 1,208.48

295.000C 02/02/07 04/02/07 5,378.83 4,994.35 384.48

GOODYEAR TIRE RUBBER 573.000( 04/02/07 07/10/07 20,819.80 17,939.37 2,880.43

97.000( 04/19/07 07/10/07 3,524.47 3,125.34 399.13

'Wc C 3 1 w

MCI'

Merrill Lynch


Bailey Family FoundationFEIN #: 54-18507802007 Capital Gains & LossesSchedule D- 5 Pg. 4 of l O

2007 ANNUAL STATEMENT SUMMARY


Security Description Quantity Cover of Short Short Sale Year-to-Date Life-Lo-Date Sales Price Cost Basis Gain or (Loss)

HUANENG PWR INTL SP ADR 33.0000 04/02/07 06/26/07 1,513.52 1,177.58 335.94482.0000 04/02/07 07/05/07 22,538.88 17,199.89, 15,338.9915.0000 04/19/07 07/05/07 701.42 597.45 103.97

HELLENIC TELECOM ORG ADR 821.0000, 01/03/07 10/11/07 15,130.96 12,725.50 2,405.46324.0000- 02/02/07 10/11/07 5,971.29 4,986.36 984.93156.0000 04/02/07 10111/07 2,875.07 2,150.66 724.41188.0000 04/19/07 10/11/07 3,464.83 2,710.96 753.87

HUMANA INC 225.0000 01/03/07 04/02/07 13,153.27 12,575.25 578.0287.0000 02/02/07 04/02/07 5,085.94 4,948.56 137.38

ITOCHU CORP ADR 203.0000 07/10/07 10/11/07 25,171.61 24,940.62 230.99

INTL POWER PLC SPON ADR 228.0000 04/02/07 10/11/07 21,565,72 18,095.70 ,3,470.0228.0000 04/19/07 10/11/07 2,648.43 2,340.52' - 307.91

KONINKLIJKE A NV SPD ADR 1523.0000 04/02/07 07/09/07 19,842.40 17,961.96 1,880.44219.0000 04/19/07 07/09/07 2,853.25 2,722.17 131.08

LYONDELL CHEMICAL PV $1 598.0000 07/09/07 07/25/07 27,059.08 23,474.79 3,584.29

MEDIACOM COMMUNCTNS CL A 74.0000 10/03/06 01/03/07 594.20 523.17 71.031546.0000 10/03/06 03/29/07 12,004.66 10,930.23 1,074.43

MARATHON OIL CORP 9.0000 01/03/07 04/02/07 900.16 823.50 76.6666.000C 01/03/07 06/26/07 4,007.23 3,019.49 987.74

MOSAIC CO 134.0000 04/02/07 06/26/07 5,259.56 3,568.28 1,691.28

537.0000 04/02/07 07/16/07 22,381.91 14,299.78 .8,082.13

33.0000 04/19/07 07/16/07 1,375.43 975.81 399.62

NRG ENERGY INC 551.0000 07/10/07 10/11/07 24,545.18 23,891.30 653.88

Q1 4 1 ro

MMerrill Lynch




Security DescriptionDate Acquired Date Liquidated Amortization/Accretion

Quantity Cover of Short Short tale Year-to-pate Life-to- gate Sales Price Cost Basis Gain or (Loss)

NORTHGATE MINERALS CORP 297.0000 10/03/06 01/03/07 1,036.49 864.27 172.223573.0000 10/03/06 03/27/07 12,463.86 10,397.43 2,066.43

3.0000 01/03/07 03/27/07 10.46 10.35 .11

PETROCHINA CO LTD SP ADR 33.0000 04/02/07 06/26/07 4,801.42 3,918.32 883.10120.0000 04/02/07 07/16/07 18,847.63 14,248.47 4,599.1634.0000 04/19/07 07/16/07 5,340.17 3,873.28 1,466.89

PETRLEO BRAS VTG SPD ADR 50.0000 02/02/07 04/02/07 4,989.73 4,934.00 55.7363.0000 07/16/07 10/11/07 5,359.67 4,340.14 1,019.53

POSCO SPN ADR 179.0000 07/09/07 10/11/07 34,408.35 23,870.94 10,537.41

PINNACLE WEST CAP CORP 260.0000 10/03/06 01/03/07 13,142.59 11,936.60 1,205.99

QWEST COMM INTL INC COM 101.0000 10/03/06 04/02/07 903.93 868.60 35.3318.0000 10/03/06 07/09/07 176.75 154.80 21.95

174.0000 01/03/07 10/11/07 1,541.61 1,451.16 90.45606.0000 02/02/07 10/11/07 5,369.08 4,993.44 375.64

REPUBLIC AIRWAYS HLDGS 720.0000 10/03/06 01/03/07 12,200.02 11,186.35 1,013.67

STEEL DYNAMICS INC COM 384.000C 01/03/07 04/02/07 16,359.14 12,599.04 3,760.10100.0000 02/02/07 04/02/07 4,260.19 3,887.00 373.1928.0000 02/02/07 04/02/07 1,192.86 1,088.36 104.50

SIERRA PACIFIC RES NEW 1029.0000 04/02/07 07/10/07 18,306.03 18,050.31 255.72

TELEPHONE&DATA SYS DEL 41.0000 10/03/06 01/03/07 2,268.46 1,764.22 504.2415.0000 10/03/06 04/02/07 900.23 645.45 254.781.0000 10/03/06 07/09/07 67.09 43.03 24.06

ô 6, 5 I to

MCI,

WMerrill Lynch




Security Description Quantity Cover of Short Short Sale Year-to-Date Life-to Date Sales Price Cost Basis Gain or (Loss)

TELUS CORP NON VTG SHS 28.0000 01103/07 04/02/07 1,393.67 1,257.75 135.92251.0000 01/03/07 07/16/07 14,950.18 11,274.93 3,675.25107.0000 02/02/07 07/16/07 6,373.18 4,959.45 1,413.7334.0000 04/19/07 07/16/07 2,025.13 1,853.34 171.79

TXU CORP 180.0000 10/03/06 04/02/07 11,483.64 11,124.00 359.6450.0000 01/03/07 04/02/07 3,189.90 2,737.50 452.4092.0000 02/02/07 04/02/07 5,869.42 4,978.12 891.30

TIMKEN COMPANY 380.0000 10/03/06 01/03/07 11,088.05 10,960.19 127.86

UNITED STS STL CORP NEW 130.0000 01/03/07 02/27/07 11,398.65 9,431.49 1,967.1640.0000• 01/03/07 03/30/07 3,963.11 2,902.01 1,061.1059.0000 02/02/07 03/30/07 5,845.60 4,981.96 863.64

U S AWYS GROUP INC 260.0000. 10/03/06 01/03/07 14,117.56 12,396.80 1,720.76

VISTEON CORP DELAWARE 1440.0000 10/03/06 04102/07 12,488.06 11,304.00 1,184.06607.0000 02/02/07 04/02/07 5,264.07 4,995.61 268.46

VERIZON COMMUNICATNS COM 310.0000 10/03/06 01/03/07 11,764.13 11,210.77 553.36

VOLVO AKTIEBOLAGET ADR 189.0000 10/05/06 01/03/07 13,023.59 11,302.20 1,721.39

XCEL ENERGY INC 550.0000 10/03/06 01/03/07 12,748.60 11,434 .50 1,314.10Subtotal 1,074,008.03 $qq , lap .q,7 i-q-, qo . Q(Q

SHORT TERM CAPITAL LOSSESAMR CORP DEL 412.0000 ' 01/03/07 06/27/07 10,432.53 12,627.80 (2,195.27)

130.0000 02/02/07 06/27/07 3,291.82 4,968.60 (1,676.78)

45.0000 04/02/07 06/27/07 1,139.47 1,345.15 (205.68)

90.0000 04/19/07 06/27/07 2,278.97 2,772.90 (493.93)

Ât to o^ to

mc^Bailey Family FoundationFEIN #: 54-1850780

Merrill Lynch 2007 Capital Gains & LossesSchedule D- 5 Pg. 7 of l O




AK STEEL HOLDING CO 230.0000 02/02/07 02/27/07 4,893.31 4,995.60 (102.29)

AMERICAN AXLE&MFG HLDGS 786.0000 07/10/07 08/22/07 18,382.05 23,650.35 (5,268.30)

ALASKA AIR GROUP INC COM 5.0000 10/03/06 01/03/07 201.24 206.25 (5.01)315.0000 10/03/06 04/02/07 11,808.25 12,993.75 (1,185.50)116.0000 02/02/07 04/02/07 4,348.44 4,990.32 (641.88)

AMN HEALTHCARE SVCS INC 451.0000 10/03/06 06/27/07 9,905.60 10,589.48 (683.88)190.0000 02/02/07 06/27/07 4,173.09 4,989.40 (816.31)150.0000 04/02/07 06/27/07 3,294.55 3,403.83 (109.28)76.0000 04/19/07 06/27/07 1,669.25 1,891.64 (222.39)

AES CORP 119.0000 04/19/07 07/09/07 2,673.44 2,695.35 (21.91)

AERCAP HOLDINGS N.V. SHS 537.0000 07/09/07 10/11/07 15,044.89 17,279.69 (2,234.80)198.0000 07/10/07 10/11/07 5,547.29 6,364.73 (817.44)

BRILLIANCE CHINA SPN ADR 856.0000 07/09/07 10/11/07 22,940.44 23,842.77 (902.33)

BRITISH AWYS PLC ADR 45.0000 02/02/07 07/16/07 3,996.09 4,916.25 (920.16)20.000C 04/02/07 07/16/07 1,776.04 1,978.20 (202.16)24.000G 04/19/07 07/16/07 2,131.26 2,461.92 (330.66)

CENTURY ALUMINUM INC 420.0000• 10/11/07 11/16/07 21,444.62 24,203.72 (2,759.10)

CIA ANONIMA TEL SPON ADR 635.0000 01/03/07 04/02/07 10,962.03 12,877.80 (1,915.77)

CINCINNATI BELL INC NEW 2390.0000 10/03/06 01/03/07 11,033.33 11,458.14 (424.81)

506.0000 04/19/07 10/11/07 2,571.51 2,595.78 (24.27)

COMPANHIA D SNMNTO BSCO 100.0000 07/10/07 09/10/07 4,624.924 625 92

4,889.62624 889

(264.70)70)(263100.0000 07/10/07 09/10/07 , . , . .

293.0000 07/10/07 09/10/07 13,565.69 14,326.59 (760.90)

oaf15to

Bailey Family FoundationFEIN #: 54-1850780

M®!!^^] Lyl1Ch 2007 Capital Gains & LossesSchedule D - 5 Pg. 8 of 10



Security Description Quantity Cover of Short Short Sat - Year-to-Date Life-taDate Sales Price Cost Basis Gain or (Loss)

CONTINENTAL AIRLS CL B 116.0000 02/02/07 06/26/07 3,823.27 4,988.00 (1,164.73)74.0000 04/02/07 06/26/07 2,438.98 2,653.54 (214.56)4.0000 04/19/07 06/26/07 131.84 170.80 (38.96)

CONTINENTAL AG SPNRD ADR 172.0000 10/11/07 12/28/07 21,915.04 24,226.20 (2,311.16)

DEUTSCHE LUFT AG SPN ADR 803.0000 10/11/07 12/28/07 21,117.04 24,730.55 (3,613.51)

R R DONNELLEY SONS 202.0000 10/11/07 12/26/07 7,556.60 7,701.95 (145.35)430.0000 10/11/07 12/27/07 16,292.92 16,395.26 (102.34)

IDEARC INC 15.0000 10/03/06 01/03/07 422.98 426.62 (3.64)

MEDIACOM COMMUNCTNS CL A 2.0000 01/03/07 03/29/07 15.52 15.96 (.44)632.0000 02/02/07 03/29/07 4,907.48 5,005.38 (97.90)

MARUBENI CORP ADR 252.0000 07/17/07 12/28/07 17,646.87 24,575.04 (6,928.17)28.0000 10/11/07 12/28/07 1,960.77 2,546.60 (585.83)

NSTAR COM 362.0000 01/03/07 07/10/07 11,674.28 12,521.58 (847.30)147.0000 02/02/07 07/10/07 4,740.66 4,990.65 (249.99)86.0000 04/19/07 07/10/07 2,773.45 3,111.48 (338.03)

NORTHGATE MINERALS CORP 1408.0000 02/02/07 03127/07 4,911.60 5,012.48 (100.88)

PEUGEOT CITROENS SPN ADR 269.0000 07/24/07 12/28/07 20,407.09 24,573.15 (4,166.06)9.0000 10/11/07 12/28/07 682.77 790.56 (107.79)

PETRLEO BRAS VTG SPD ADR 121.0000 01/03/07 04/02/07 12,075,13 12,495.67 (420.54)

PILGRIMS PRIDE CORP 187.0000 10/11/07 12/26/07 5,343.23 6,367.22 (1,023.99)

518.0000 10/11/07 12/27/07 14,940.03 17,637.54 (2,697.51)

QWEST COMM INTL INC COM 442.0000 04/19/07 10/11/07 3,916.07 4,004.52 (88.45)

^ arc, g I is

MMCI'

1YIsrrill Lynch


Bailey Family FoundationFEIN #: 54-18507802007 Capital Gains & LossesSchedule D- 5 Pg. 9 of l O


Security Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Los)s

RADIOSHACK CORP 1051.0000, 10/03/07 11/26/07 19,118.86 24,190.34 (5,071.48)70.0000 10/11/07 11/26/07 1,273.38 1,512.00 (238.62)

SIERRA PACIFIC RES NEW 177.0000 04/19/07 07/10/07 3,148.86 3,159.45 (10.59)

SUMITOMO CORP SP ADR 1212.0000 07/25/07 10/11/07 23,088.24 23,791.56 (703.32)

TRW AUTOMOTIVE HLDGS CRP 627.0000, 07/10/07 08/01/07 21,154.46 23,983.25 (2,828.79)198.0000, 10/11/07 12/26/07 4,397.41 6,527.94 (2,130.53)535.0000 10/11/07 12/27/07 11,533.35 117,638.63 (6,105.28)

TERNIUM S A 756.0000 07/09/07 10/11/07 24,071.50 24,580.36 (508.86)

TYSON FOODS INC CL A 1299.0000. 10/11/07 12/26/07 20,060.93 24,226.61 (4,165.68)

UNISYS CORP COM 572.0000 10/11/07 12/26/07 2,907.03 4,362.18 (1,455.15)2605.0000 10/11/07 12/27/07 13,175.62 119,866.26 (6,690.64)

VISTEON CORP DELAWARE 28.0000 01/03/07 04/02/07 242.82 243.92 (1.10)

XCEL ENERGY INC 724.0000 04/02/07 06/26/07 14,755.90 18,081.47 (3,325.57)154.0000 04/19/07 06/26/07 3,138.69 3,774.54 (635.85)

Subtotal 540,516.71 625,084.51 (84,567.80)

NET SHORT TERM CAPITAL GAIN (LOSS) 90, 53Q. 2(0

LONG TERM CAPITAL GAINSQWEST COMM INTL INC COM 1191.0000 ' 10/03/06 10/11/07 10,552.09 10,242.60 309.49

TELEPHONE&DATA SYS DEL 11.0000, 10/03/06 10/11/07 763.60 473.33 290.27

Subtotal 11 , 315.69 10,715.93 599.76

NET LONG TERM CAPITAL GAIN (LOSS)599.76

ôrae, q 1 10

M(ZMerrill Lynch




Date Acquired Date Liquidated Amortlzatlon/AccretionSecurity Descrlntion Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

AU OPTRONICS CORP ADR -C rh W UeU .0000 10/09/07 10/09/07 11.89 O.OoSubtotal 11.89

TOTAL CAPITAL GAINS AND LOSSES 1,625 ,852.32 1 ,5gy ,9o I q I

TOTAL REPORTABLE GROSS PROCEEDS 1,625,852.32DIFFERENCE .000

Note: Capital gains and losses In this statement are not reported to the IRS.Difference reflects items that are included In the reportable gross proceeds section of your statement but are not included In the gain/loss section (e.g., liquidation of


gross proceeds section (e.g., option premium received).N/A - Results which cannot be calculated because of insufficient data in the Capital Gain or (Loss) Column and are not Included in the realized capital gain and loss

summary.

II.Sq

9:),qSo.91

ÔLC. 0 e to

MCI'

Merrill Lvnch



Your Tax Reporting Statement information that follows is a personal summary of your account activity and Is not reported to the IRS.The Cap ital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral , or wash sales adljustments . RICs (which may includemutual funds and unit investment trusts) may reclassify principal distributions as capital gains . The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your tax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount (" OID") obligations includes the accretion of OID . For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your orig inal cost and the amount allocable to the debt component was allocated to the purchase contract In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise notedit wasassumed that the oldest position was liquidated first and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these items with your tax advisor . For select clients, we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSJOHN HANCK PREF INCM 16.0000 04/12/06 01/24/07 400,000.00 400,000.00 .00

NICH-APPLEGATE C&I 8.0000 04/12/06 02/28/07 200,000.00 200,000.00 .004.0000 04/12/06 03/07/07 100,000.00 100,000.00 .00

NUVEEN PFRD & CONV I 16.0000 04/12/06 01/24/07 400,000.00 400,000.00 .00

NUVEEN QLTY PFRD INC 16.0000 04/12/06 01/24/07 400,000.00 400,000.00 .00

NUVEEN PFRD & CONV I 16.0000 04/12/06 03/08/07 400,000.00 400,000.00 .00

ADVENT CLAYMORE CONV 16.0000 04/12/06 01/24/07 400,000.00 400,000.00 .00

JOHN HANCK PREF INC 12.0000 04/12/06 01/24/07 300,000.00 300,000.00 .00

CALAMOS CONV OPP&INC 16.0000 04/12/06 01/24/07 400,000.00 400,000.00 .00

Subtotal 3, 000,000.00 3,000 , 000.00 .00

NET SHORT TERM CAPITAL GAIN (LOSS) .00

TOTAL CAPITAL GAINS AND LOSSES 3,000,000.00 3 , 000,000.00 .00

TOTAL REPORTABLE GROSS PROCEEDS 3,000,000.00

^g ^ ^ 1

MMerrill Lynch


Your Tax Reporting Statement Information that follows is a personal summary of your account activity and is not reported to the IRS.


The Cap ital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral , or wash sales adjustments . RICs (which may includemutual Tunds and unit investment trusts) may reclassif principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to Information providedYby the RIC and discuss with your fax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are ava i lable. The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of DID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketin event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your original cost and the amount allocable to the debt component was allocated to the purchase contract. In making ad ustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received. In calculating gain (loss), unless otherwise noted; it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience. Additionally we have Included items such as margin interest and select account fees If applicable . Pleasediscuss the deductibility of these items with your tax advisor. For select clients , we have also included a summary of Visa charges and checking activity.



Security Descriation Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

PROSHARES TR ULTRA S AND 100.0000


LONG TERM CAPITAL GAINS

02/01/07 05/02/07Subtotal

9, 385.85 8,886 .009, 385.85 8,886.00

499.85499.85

499.85

ML&CO ARN IEB 30000.0000 03/30/06 06/06/07 354,000.00 300,000.00 54,000.00Subtotal 354 ,000.00 300 ,000.00 54 ,000.00

NET LONG TERM CAPITAL GAIN (LOSS) 54,000.00

TOTAL CAPITAL GAINS AND LOSSES 363,385 .85 308, 886.00 54,499.85

TOTAL REPORTABLE GROSS PROCEEDS 363,385.85DIFFERENCE .00'

Note: Capital gains and losses in this statement are not reported to the IRS.

' Difference reflects items that are included in the reportable g ross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of


gross proceeds section (e.g., option premium received).

Bailey Family FoundationFEIN: 541-8507802007 Capital Gains & LossesSchedule D-8 Pg. 1 of 7

Estimated 2007 gains and losses for transactions with trade dates through 12131/07 have been Incorporated Into this statement. The oldest security lot Is liquidated first to calculate galnsAosses (first-!n, first-out or FIFOaccounting method) unless you specs ied which lot to dose when you placed your order (a versus purchase or VSP order). An asterisk (") Indicates a UBS Financial Services adjustment to cost basis. The number '1' Indicates costbasis Information has been provided by a source other than UBS Financial Services. See the back of the first page for additional Information. This Information Is provided for Informational purposes only and should not be rolledupon for tax-filing purposes. Rely only on year-end tax forms when preparing your tax return. GainsAosses may not be adjusted for all capital changes. Cost basis for tax-exempt and AMT eligible coupon municipal securities hasbeen adjusted automatically for estimated amortization of bond premiums. Estimates In the 'Unclassified' section cannot be classified as short-term or long-term due to missing Information or the product Is one for which againgoss calculation Is not provided.

Quantity/ Purchase Sale Sale Purchase NetSecurity description Method Face value date date amount amount Loss Gain aalMoss

Short-term capital gains and losses:AMYLIN PHARMAECEUTICALS FIFO 12.000 04/24/06 02/05/07 $ 471.95 $ 562.80 $ -90.85

INC FIFO 18.000 04/24/06 02/01/07 700.38 844 . 20 -143.82

ANADARKO PETROLEUM CORP FIFO 49.000 06/18/07 08/10/07 2,322.13 2,69058 -368.45

APACHE CORP FIFO 31.000 06/15/07 08/08/07 2,506.02 2,716.76 -210.74

APPLE INC FIFO 9.000 05/10/07 09/20/07 1,268.91 968 . 139 ' 300.22

2007 Year-End Summary!

?cL 106 l

RE Bailey Family FoundationFEIN: 54-18507802007 Capital Gains & LossesSchedule D-8 Pg. 2 of 7

2007 Realized gains and losses - continued

Secudty description MethodQuantity/

Face valuePurchase

dateSaladate

Sale Purchase Netamount amount Loss Gain aa/Moss

FIFO 28.000 05/10/07 09/19/07 $ 3,987.74 $ 3,013.70 974 04BAKER HUGHES INC FIFO 31,000 06/15/07 08/09/07 2,487.17 2,713.35 -226.18.

BOEING COMPANY FIFO 21.000 11/08/06 10/22/07 1,956.18 1,796.64 159.54BURLINGTON NTHN SANTA FE FIFO 15.000 09/01/06 08/30/07 1,170.75 999.75 171.00CORP FIFO 17.000 04/24/06 04/23/07 1,600.52 1,475.41 125.11

FIFO 22.000 04/24/06 04/18/07 2,024.86 1,909.36 115.50CISCO SYSTEMS INC FIFO 161.000 08/14/07 12/26/07 4,557.98 4,906.04 -348.06

FIFO 40.000 09/07/07 12/26/07 1,132.42 1,264.67 -132.25FIFO 153.000 09/01/06 05/09/07 4,059.28 3,362.7 1 696.57

CITIGROUP INC FIFO 140.000 12/07/06 05/11/07 7,475.88 7,092.34 383.54FIFO 7.000 12/08/06 05/11/07 373.79 353.136 20.43

COMCAST CORP NEW CL A FIFO .500 04/27/06 02/22/07 13.79 10.15 3.64DEVON ENERGY CORP NEW FIFO 33.000 06/15/07 11/29/07 2,669.66 2,707.8 6 -38.20FANNIE MAE FIFO 74.000 08/21/07 11/15/07 3,184.11 5,036.60 -1,852.49

FIFO 29.000 10/05/07 11/15/07 1,247.83 1,952.915 -705.12

FIFO 27.000 10/12/07 11/15/07 1,161.77 1,783.64 -621.87

FEDERATED DEPT STORES FIFO 17.000 11/14/06 05/15/07 687.15 712.94 -25.79

INC NEW NEW "'NAME FIFO 12.000 11/15/06 05/15/07 485.05 503.46 -18.41

CHANGE 2007*' FIFO 42.000 11/14/06 05/14/07 1,722.34 1,761.38 -39.04

FREEPORT-MCMORAN COPPER FIFO 10.000 04/18/07 11/28/07 910.03 714.12 195.91

& GOLD INC FIFO 31.000 10/03/07 11/28/07 2,821.11 3,337.73 -516.62

FIFO 4.000 04/17/07 11/16/07 400.04 285.86 114.18

FIFO 8.000 04/18/07 11/16/07 800.09 571.30 228.79

FIFO 1.000 04/17/07 11/15/07 101.21 71.46 29.75

FIFO 49.000 04/17/07 11/14/07 5,224.92 3,501.713 1,723.16

GENZYME CORP GEN DIV FIFO 19.000 07/18/06 07/10/07 1,124.27 1,197.03 -72.76

FIFO 11.000 07/27/06 07/10/07 650.89 732.80 -81.91

FIFO 42.000 10/16/06 07/10/07 2,485.23 2,869.09 -383.86

GOLDMAN SACHS GROUP INC FIFO 12.000 04/24/06 03/16/07 2,385.11 1,981.011 404.03

FIFO 13.000 04/24/06 03/16/07 2,600.88 2,146.17 454.71

FIFO 27.000 04/24/06 03/13/07 5,399.33 4,457.43 941.90

JUNIPER NETWORKS INC FIFO 17.000 09/07/07 12/10/07 536.16 587.13_ -50.97

FIFO I 73.000 09/10/07 12/10/07 2,302.33 2,487.30 -184.97

2007 Year-End Summary/'



Security desafptlon MethodQuantify/

Face valuePurchase

datesaledate

sale PurchaseNetamount amount Loss Gain aa/Moss

FIFO 58.000 09/07/07 12/07/07 $ 1,800.64 $ 2,003.16 -202 52KB HOME FIFO 96.000 04/24/06 03/29/07 4,106.81 6,137.28.

-2 030.47KRAFT FOODS INC CL A FIFO 160.000 04/09/07 07/09/07 5,447.56 5 042 37

,

FIFO 35.000 05/14/07 07/09/07 1,191.65

, .

1,137„50405.19

54.15FIFO 1.000 05/15/07 07/09/07 34.05 32.54 1 51

LENNAR CORP FIFO 143.000 04/24/06 03/22/07 6,416.31 7,936.50 -1,520.19

.

*RECLASSIFICATION AS OF

4/03*

MACY'S INC FIFO 30.000 12/05/06 07/18/07 1,286.94 1,238.09 48.85FIFO 21.000 02/28/07 07/18/07 900.86 929.49 -28.63FIFO 25.000 03/08/07 07/18/07 1,072.45 1,116.39 -43.94FIFO 16.000 11/15/06 07/09/07 659.26 671.28 -12.02FIFO 30.000 11/20/06 07/09/07 1,236.11 1,276.94 -40.83FIFO 3.000 12/05/06 07/09/07 123.61 123.81 -.20

MARATHON OIL CORP FIFO 40.000 06/15/07 08/10/07 1,983.41 2,624.58 -641.17MOODYS CORP FIFO 27.000 04/19/07 08/24/07 1,254.05 1,839.75 -585.70

FIFO 16.000 04/16/07 08/22/07 753.52 1,042.34 -288.82FIFO 9.000 04/19/07 08/22/07 423.86 613.25 ' -189.39FIFO 24.000 04/16/07 08/20/07 1,113.51 1,563.50 -449.99

MORGAN STANLEY FIFO 44.000 10/29/07 11/06/07 2,369.79 2,896.84 -527.05FIFO 21.000 10/31/07 11/06/07 1,131.04 1,401.43' -270.39

NORDSTROM INC FIFO 24.000 11/28/06 03/09/07 1,235.24 1,181.89 53.35

FIFO 25.000 11/28/08 03/08/07 1,326.88 1,231.14 95.74

NRG ENERGY INC NEW FIFO 30.000 11/10/06 05/16/07 2,462.98 1,638.47 824.51

FIFO 13.000 11/10/06 05/15/07 1,107.02 710.00_ 397.02

PENNEY J C CO INC (HLDG FIFO 72.000 07/19/07 11/16/07 3,099.44 5,522.156 -2,423.22

CO)PEPSICO INC FIFO 71.000 08/24/06 07/17/07 4,731.00 4,562.52 168.48

PROCTER & GAMBLE CO FIFO 30.000 04/24/06 04/20/07 1,914.67 1,701.30 212.77

PROGRESSIVE CORP OHIO FIFO 56.000 04/24/06 02/27/07 1,271.11 1,510.04 -238.93

FIFO 43.000 04/24/06 02/21/07 993.97 1, 159.50 -165.53

TARGET CORP FIFO 17.000 06/23/06 05/23/07 1,025.42 838.02 187.40

FIFO 40.000 10/13/06 05/23/07 2,412.74 2,388.77 23.97

2007 Year-End Summary/

TO,,3 04 ^

0



Securfty description MethodOuantlty!

Face valuePurchase

dateSaledate

Sale PurchaseNet

TRANSOCEAN INC MERGER Adjustment 23.000 07/24/07 11/27/07

amount amount Loss Gain oa/Moss

NO 11/2007 ORD Adjustment 11.000 07/25/07 11/27/07759.69

363 33804.71

379 10-45.02

Adjustment 12.000 07/27/07 11/27/07.

396.36

.

400.12-15.77

-3.76Adjustment 25.000 09/10/07 11/27/07 825.75 799.23 26 52

TRANSOCEAN INC NEW SHS Adjustment .671 09/10/07 11/27/07 89 86 66 !T4-.

ORD. . 22.92

UNTD TECHNOLOGIES CORP FIFO 30.000 04/24/06 04/09/07 1,950.81 1,941.90 8.91FIFO 28.000 10/13/06 04/09/07 1,820.75 1,858.137 -38.12FIFO 18.000 04/24106 04/04107 1,177.25 1,165.14 12.11FIFO 19.000 04/24/06 04/02/07 1,236.49 1,229.87 6.62FIFO 27.000 04/24/06 03/28/07 1,774.34 1,747.71 26.63FIFO 24.000 04/24/06 03/26/07 1,590.21 1,553.52 36.69

WELLS FARGO & CO NEW FIFO 29.000 06/08/06 05/14/07 1,033.85 993.13 40.72Total $ 144 913.85 $ 151 091.79 $ -15,874.02 $ 9,696.08 $ -6 , 177.94

Long-term capital gains and losses:

AMERICA MOVIL S.A.B. DE FIFO

C.V. SER L SPON ADR

BURLINGTON NTHN SANTA FE FIFO

CORP FIFO

CISCO SYSTEMS INC

COMCAST CORP NEW CL A

FIFO

FIFO

FIFO

FIFO

FIFO

FIFO

FIFO

FIFO

FIFO

FIFO

FIFO

FIFO

FIFO

20.000 04/24/06 10/10/07 $ 1,312.35 $ 709.00

49.000 04/24/06 08/30/07 3,824.46 4,252.66

23.000 04/24/06 08/29/07 1,827.19 1,996.15

40.000 04/24/06 08/28/07 3,170.64 3,471.56,

19.000 04/24/06 08/24/07 1,527.32 1,648.99

20.000 04/24/06 07/19/07 1,847.99 1, 735.78

13.000 10/06/08 12/26/07 368.04 312.3'9'-

40.000 10/23106 12/26/07 1,132.42 984.21

73.000 09/01/06 12/07/07 2,024.36 1,604.43

39.000 09/28/06 12/07/07 1,081.51 906.48

37.000 10/06/06 12/07/07 1,026.05 889.11

87.000 09/01/06 12/06/07 2,405.14 1,912.1 3

10.000 06/16/06 12/12/07 180.08 218.93

21.000 08/01/06 12/12/07 378.17 476.16

49.000 08/02/06 12/12/07 882.40 1,147.71

65.000 08/17/06 12/12/07 1,170.53 1,475.76

-428.20

-168.96

-300.92

-121.67

-38.85

-97.99

-265.31

-305.23

603.35

112.21

55.65

148.21

419.93

175.03

136.94

493.01

2007 Year-End Summary/-

TOU^L A q -1

Bailey Family FoundationFEIN: 54-18507802007 Capital Gains & Losses

Schedule D-8 Pg. of 5 of 72007 Realized gains and losses - continued

Security desalptlon MethodQuantity!

Face valuePurchase

dateSaledate

Sale PurchaseNetamount amount Loss Gain aelMoss

FIFO 10. 000 06/16/06 12/11(07 $ 179.69 $ 218 .93 -39.24FIFO 153 .000 06/16/06 12/10/07 2,815.56 3,349 . 57 -534.01FIFO 1.000 05/02/06 12/07/07 18.51 20.46 -1.95FIFO 51 . 000 05/10/06 12/07/07 943.95 1,094 . 17 -150.22FIFO 30 .000 05/26/06 12/07/07 555.27 641.98 -86.71FIFO 51 . 000 05/31/06 12/07/07 943.95 1,089.36 -145.41FIFO 16.000 06/16/06 12/07/07 296.14 350 . 28 -54.14FIFO 118.000 04/28/06 12/06/07 2,172.87 2,427.55 -254.68FIFO 62 . 000 05/02/06 12!06/07 1,141 .68 1,268 . 81 -127.13FIFO 14.000 04/27/06 09/20/07 333 . 80 284 . 31 49.49FIFO 3.000 04/28/06 09/20/07 71 .53 61.72 9.81FIFO 33.000 04/27/06 09/19/07 816.57 670.16 146.41FIFO 73.000 04/27/06 08/20/07 1,823 . 62 1,482 .47 341.15

FEDEX CORP FIFO 24.000 04/24/06 12/28/07 2,167.39 2,781 . 07 -613.68FIFO 13.000 04/24/06 10/10/07 1,391 .40 1,506 .41 -115.01FIFO 12 .000 04/24/06 10/05/07 1,270.84 1,390 .54 -119.70FIFO 13 . 000 04/24/06 10/04/07 1,362 . 94 1,506.41 -143.47

FIFO 13 .000 04/24/06 09/27/07 1,361.15 1 , 506.41 -145.26

FIFO 20 .000 04/24/06 09/21/07 2 ,085.96 2,317.56 -231.60

FIFO 24.000 04/24/06 09/19/07 2 , 574.21 2,781.07 -206.86

GENENTECH INC FIFO 25.000 04/24/06 06/08/07 1,912.99 1,994 . 25 -81.26

FIFO 2.000 04/24/06 05/31 /07 157. 13 159.5 4 -2.41

GENZYME CORP GEN DIV FIFO 38.000 04/24/06 07/10/07 2,248.54 2,321.80 -73.26

FIFO 9 .000 06/20/06 07/10/07 532.55 563 . 96 -31.41

FIFO 25.000 04/24/06 04/26/07 1,620.18 1,527.50 92.68

GOLDMAN SACHS GROUP INC FIFO 9 .000 04/24/06 12/18/07 1,812.15 1 ,485.8 1 326.34

LEHMAN BROS HOLDINGS INC FIFO 62 .000 04/24/06 08/15/07 3 , 290.48 4,772.49 -1,481.97

FIFO 23.000 04/24/06 06/04/07 1,725.95 1,770.43 -44.48

FIFO 12.000 04/24/06 05/31/07 883.05 923.70 -40.65

FIFO 31.000 04/24/06 05/23/07 2,300.71 2,386 . 23 -85.52

MGM MIRAGE FIFO 33.000 04/24/06 11 /05/07 2,965.97 1,438.80 1,527.17

FIFO 15.000 04/24/06 08/14/07 1,097.60 654 .00 443.60

MONSANTO CO NEW FIFO 18.000 04/24/06 10/16/07 1 , 628.46 787.23 841.23


par 56$ 1

Bailey Family FoundationFEIN: 54-18507802007 Capital Gains & LossesShedule D-8 Pg 6 of 7


Security description MethodQuantity/

Face valuePurchase

dateSaledate

Sale Purchase Net

PROCTER & GAMBLE CO FIFO 84.000 04/24/06 06/18/07

amount

5,215.07

amount

4 765 32

Loss Gain aa/yloss

FIFO 42.000 04/24/06 06/15/07 2,618.94, .

2,382.66449.75

236.28FIFO 60.000 04/24/06 06/14/07 3,737.80 3,403.80 334.00FIFO 17.000 04/24/06 06/07/07 1,060.95 964.41 96.54FIFO 46.000 04/24/06 05/18/07 2,918.21 2,609.58 308.63FIFO 35.000 04/24/06 05/10/07 2,149.26 1,985.55 163.71FIFO 40.000 04/24/06 04/26/07 2,525.11 2,269.20 255.91

SCHLUMBERGER LTD FIFO 41.000 04/24/06 11/01/07 4,005.27 2,812.60 1,192.67NETHERLANDS ANTILLES

STARBUCKS CORP FIFO 135.000 04/24/06 07/05/07 3,577.83 5,231.25 -1,653.42FIFO 41.000 04/24/06 05/16/07 1,166.27 1,588.75 -422.48FIFO 38.000 04/24/06 05/15/07 1,090.17 1,472.5 D -382.33

TARGET CORP FIFO 32.000 04/24/06 05/23/07 1,930.19 1,659.13 271.06FIFO 22.000 04/24/06 05/21/07 1,284.68 1,140.65 144.03FIFO 21.000 04/24/06 05/16/07 1,202.87 1,088.81 114.06FIFO 31.000 04/24/06 05/15/07 1,789.57 1,607.213 182.29

TOYOTA MOTOR CORP NEW FIFO 24.000 04/24/06 12/21/07 2,532.25 2,797.44 -265.19JAPAN SPON ADR

UNION PACIFIC CORP FIFO 9.000 04/24/06 09/20/07 1,017.63 876.45 141.18FIFO 10.000 04/24/06 09/17/07 1,113.98 973.83 140.15FIFO 17.000 04/24/06 07/19/07 2,139.96 1,655.51 484.45

UNITEDHEALTH GROUP INC FIFO 262.000 04/24/06 10/18/07 12,615.10 13,149.78 -534.68

FIFO 5.000 04/24/06 08/08/07 236.51 250.95 -14.44

FIFO 4.000 04/24/06 08/08/07 190.90 200.76 -9.86

FIFO 14.000 04/24/06 08/06/07 677.64 702.66 -25.02

FIFO 18.000 04/24/06 08/03/07 873.84 903.42 -29.58

FIFO 9.000 04/24/06 08/02/07 435.89 451.71 -15.82

FIFO 14.000 04/24/06 08/01/07 671.86 702.66 -30.80

WELLS FARGO & CO NEW FIFO 6.000 07/12/06 11/26/07 181.67 206.78 -25.11

FIFO 32.000 07/14/06 11/26/07 968.88 1,083.15 -114.27

FIFO 11.000 07/19/06 11/26/07 333.05 387.75 - -54.70

FIFO 5.000 06/08/06 11/21/07 150.09 171.23 -21.14

FIFO 27.000 06/09/06 11/21/07 810.98 938.46 -127.48

2007 Year-End Summary,

Pnt 6 y -1


FEIN: 54-1850780

2007 Capital Gains & LossesSchedule D-8 Pg. 7 of 7

2007 Realized gains and losses - continuedQuantity! Purchase sale sale Purchase tyet

Security description Method Face value data date amount amount Loss Gain oalnlloss

FIFO 39.000 06/09/06 11/21/07 $ 1,170.71 $ 1,355.55 -184.84FIFO 32.000 06/14/06 11/21/07 961.16 1,068.10 -106.94FIFO 18.000 07/12/06 11/21/07 540.65 620.33 -79.68

Total $ 134,556.38 $ 134,754.40 $ -10,634.94 $ 10,436.92 $ -198.02

Net capital gains/losses : Tol a t, 9:79 .gÛ A7) aE5 S IGi $ -6,375.96

Short-term gainsllosses: $ -6,177.94

Long-term galnsAosses: $ -198.02

Net year-to-date capital gains/losses : $ -6,375.96


?OL^C, -111

Bailey Family FoundationFEIN : 54-18507802007 Capital Gains & LossesSchedule D-9 Pg. of 1 of 5

Estimated 2007 gains and losses for transactions with trade dates through 12/31/07 have been incorporated Into this statement. The oldest security lot is liquidated first to calculate ga/ns/losses (first-In, tlrst-out or RFU

accounting method) unless you specified which lot to close when you placed your order (a versus purchase or VSP order). An asterisk (') Indicates a UBS Financial Services adjustment to cost basis. The number 'I * Indicates cost

basis Information has been provided by a source other than UBS Financial Services. See the back of the first page for additional Information . This Information Is provided for Informational purposes only and should not be relied

upon for tax-filing purposes. Rely only on year-end tax forms when preparing your tax return . Gains/losses may not be adjusted for all capital changes. Cost basis for tax-exempt and AMT eligible coupon municipal securities has

been adjusted automatically for estimated amortization of bond premiums. Estimates In the 'Unclassified' section cannot be classified as short-term or long-term due to missing Information or the product is one for which a

ga/Moss calculation is not provided.

Quantity/ Purchase Sale Sale Purchase Net

Security description Method Face value date date amount amount Loss Gain galn/loss

Short-term capital gains and losses:

ANGLO AMERN PLC REVERSE FIFO

SPUT NO 7/2007 $PON FIFO

ADR

(373.000 04/12/06 03/07/07 $ 8,674.29 $

1387.000 04/12/06 01/18/07 8,948.90

7,832.93

8,126.92

$ 841.36

821.98


Pad, i q s



Security desalptlon MethodOuantlty/

Face valuePurchase

datesaledate

sale Purchase Netamount amount Loss Gain nalMoss

^K BEMA GOLD CORP Adjustment 427.000 01/04/07 02/27/07 2,090.25 2,086.62 3.63ARRANGEMENT NO 3/2007 Adjustment 328.000 01/25/07 02/27/07 1,896.03 1,89325 2,78CAD -

CLP HOLDINGS LTD SPON FIFO 210.000 04/18/06 03/15/07 1,478.14 1,246.46 231.68ADR FIFO 517.000 04/18/06 01/10/07 3,702.32 3,068.65 633.67COMPANHIA DE SANEAMENTO FIFO 270.000 04/12/06 01/16/07 8,387.26 6,133.46 2,253.80BASICO DO ESTADO DE SAO FIFO 85.000 04/12/06 01/04/07 2,892.10 1,93090 961.20PAULO ADS SPON ADR -

ENEL SPA SPON ADR FIFO 1 82.000 04/18/08 04/03/07 10,027.37 7,492.08 2,535.29ENERGIAS DE PORTUGAL FIFO 39.000 04/18/06 03/20/07 2,102.63 1,57/.14 531.49S.A. SPON ADR FIFO 40.000 04/18/06 03/15/07 1412 04 1 611 42, . , . 529.62

FIFO 50.000 04/18/06 02/28/07 2,739.64 2,014.28 725.36FIFO 76.000 04/18/06 01/29/07 3,781.54 3,061.71 719.83

ENI SPA IT SPON ADR FIFO 133.000 04/12/06 02/23/07 8,340.18 7,726.7 5 613.43FUJI FILM HOLDINGS CORP FIFO 71.000 04/12/06 02/02/07 2,932.22 2,394.62 537.60ADR -

IVANHOE MINES LTD FIFO 204.000 04/12/06 03/22/07 2,378.48 1,862.2 8 516.20J. SAINSBURY PLC SPON FIFO 54.000 04/18/06 03/06/07 2,184.39

_

1,322.95 861.44ADR FIFO 58.000 04/18/06 03102/07 2,358.34 1,420.95 937.39

FIFO 105.000 04/18/06 02/20/07 4,183.19 2,572.41 1,610.78FIFO 92.000 04/18/06 02/06/07 3,718.04 2,253.92 1,464.12

FIFO 93.000 04/18/06 02/02/07 3,719.91 2,278.42 1,441.49

KINROSS GOLD CORP NEW FIFO 85.000 01/04/07,/ 10/18/07 1,445.95 938.43 507.52

FIFO 23.000 01/25/07" 10/18/07 391.26 298.25 93.01

FIFO 104.000 10/10/07 1,631.51 1,148.1 9 483.32

LONMIN PLC NEW SPON ADR FIFO 56.000 04/18/06 04/03/07 3,689.58 2,657.24 1,032.34

MAGNA INTL INC CL A Adjustment 35.000 03/08/07 10/01/07 3,202.50 2,545.96 656.54

SUB VTG CANADA Adjustment 25.000 03/09/07 10/01/07 2,287.50 1,831.511 455.99

Adjustment 11.000 03/12/07 10/01/07 1,006.50 807.61 198.89

MECHEL OAO SPON ADR FIFO 65.000 09/25/06 01/29/07 1,734.60 1,290.98 443.62

FIFO 105.000 09/26/06 01/29/07 2,802.05 2,114.52 687.53

RIO TINTO PLC SPON ADR FIFO 10.000 03/07/07 11/09/07 4,773.97 2,098.94 2,675.03

FIFO 16.000 03/07/07 11/12/07 7,507.24 3,358.30 4,148.94




Securtty desaiptlon MethodQuanilty/

Face valuePurchase

datesaledate

sale Purchase Netamount amount Loss Gain 081n/loss

FIFO 5.000 01/18/07 11/08/07 $ 2,198.76 $ 1,018.01 1,180.75FIFO 10.000 03/07/07 11/08/07 4,397.52 2,098.94 2,298.58FIFO 6.000 01/18/07 10/10/07 2,136.95 1,221.61 915.34FIFO 11.000 01/18/07 10/08/07 3,792.19 2,239.62 1,552.57FIFO 21.000 01/18/07 09/06/07 6,286.57 4,275.64 2,010.93FIFO 17.000 01/18/07 08/28/07 4,490.98 3,461.23 1,029.75FIFO 25.000 01/18/07 05/15/07 6,876.67 5,090.0.4 1,786.63

SHISEIDO CO LTD SPONS FIFO 124.000 04/18/06 03/02/07 2,547.60 2,504.14 43.46ADRJAPAN FIFO 75.000 04/18/06 03/01/07 1,556.09 1,514.60 41.49SK TELECOM CO LTD ADR FIFO 60.000 04/03/07 08/22107 1,641.38 1,399.36 242.02

FIFO 89.000 04/23/07 08/22/07 2,434.71 2,155.83 278.88FIFO 65.000 03/15/07 08/07/07 1,877.04 1,520.10 356.94FIFO 24.000 03/16/07 08/07/07 693.06 559.60 133.46FIFO 37.000 04/03/07 08/07/07 1,068.47 862.94 205.53

VODAFONE GROUP PLC NEW FIFO 219.000 04/12106 01/11/07 6,269.07 5,459.90 809.17SPON ADR -

YANZHOU COAL MINING CO FIFO 48.000 10/25/06 06/21/07 3,452.96 1,714.35 1,738.61LTD SPON ADR FIFO 18.000 10/04/06 06/20/07 1,310.47 608.94 701.53

FIFO 7.000 10/25/06 06/20/07 509.63 250.01 259.62FIFO 25.000 10/03/06 06/01/07 1,679.85 858.50 821.35FIFO 17.000 10/04/06 06/01/07 1,142.30 575.11 567.19

Total $ 175,511.19 $ 128,380.52 $ 47,130.67 $ 47,130.67


ALUMINA LTD SPON ADR FIFO 56.000

FIFO 40.000 _

BARRICK GOLD CORP FIFO 77.000

FIFO 171.000

FIFO 70.000

CHUNGHWA TELECOM CO LTD FIFO 112.000

SPON ADR FIFO .700

CLP HOLDINGS LTD SPON FIFO 259.000

ADR FIFO 435.000

04/18/06 05/18/07 $ 1,379.71 $ 1,282.00 $ 97.71

04/18/06 05/17/07 1,006.80 915.72 91.08

04/12/06 09/28/07 3,150.65 2,226.85 923.80

04/12/06 09/06/07 6,132.70 4,945.34 1,187.36

04/12106 08/03/07 2,325.07 2,024.41 300.66

04/12/06 10/05/07 2,119.39 1,970.75 148.64

04/12/06 09/17/07 12.38 12.32 .06

04/18/06 12/05/07 1,770.75 1,537.29 233.46

04/18/06 09/21/07 2,977.26 2,581.94 395.32


Tct _ 3 1 s


2007 Realized gains and losses - continuedQuantity/ Purchase Sale Sale Purchase NetSecurity description Method Face value date date amount amount Loss Gain oalMoss

FIFO 130.000 04/18/06 09/20/07 $ 891.22 $ 771.62 119.60ENEL SPA SPON ADR FIFO 167.000 04/18/06 09/11/07 8,939.70 6,874.61

_2,065.09

FIFO 70.000 04/18/06 08/31/07 3,627.61 2,881.57 746.04FIFO 79.000 04/18/06 06/08/07 4,351.61 3,252.06 1,099.55FIFO 82.000 04/18/06 05/25/07 4,620.79 3,375.55 1,245.24

ENI SPA IT SPON ADR FIFO 58.000 04/12106 12/13/07 4,165.47 3,369.56 795.91FIFO 87.000 04/12106 10/03/07 6,309.10 5,054.34 1,254.76

FUJI FILM HOLDINGS CORP FIFO 147.000 04/12106 08/02/07 6,367.94 4,957.87 1,410.07

ADR

IMPALA PLATINUM HLDG LTD FIFO 42.000 04/18/06 09/26/07 1,467.20 996.37 470.83

SPON ADR --

IVANHOE MINES LTD FIFO 196.000 04/12/06 06/28/07 2,913.20 1,789.24 1,123.96

KT CORP SPON ADR FIFO 71.000 04/12/06 12/06/07 2,021.33 1,556.32 465.01

LIHIR GOLD LTD SPON ADR FIFO 75.000 04/18/06 10/16/07 2,862.62 1,651.44 1,211.18

FIFO 54.000 04/18/06 09/21/07 1,810.46 1,189.03 621.43

FIFO 67.000 04/18/06 09/12/07 1,875.74 1,475.28 - 400.46

LONMIN PLC NEW SPON ADR FIFO 40.000 04/18/06 05/25/07 3,048.93 1,898.03 1,150.90

MAGNA INTL INC CL A Adjustment 78.000 04/12106 10/01/07 7,137.00 5,840.95 1,296.05

SUB VTG CANADA FIFO 49.000 04/12106 07/05/07 4,548.03 3,669.32 878.71

FIFO 54.000 04/12/06 06/11/07 4,866.49 4,043.74 822.75

FIFO 34.000 04/12106 05/30/07 3,022.82 2,546.06 476.76

NEC ELECTRONICS UNSPON FIFO 1 51.000 04/18/06 09/25/07 2,162.58 2,975.15 -812.57

ADR ADR

NEWCREST MINING LTD SPON FIFO 80.000 06/27/06 10/30/07 2,298.57 1,184.82 1,113.75

AUSTRALIA ADR FIFO 4.000 06/26/06 10/10/07 101.87 58.14 43.73

FIFO 127.000 - 06/27/06 10/10/07 3,234.29 1,880.91 1,353.38

ROYAL DUTCH SHELL PLC-.-

FIFO---

60.000 04/12/06 07/23/07 5,093.81 4,135.20 958.61

ADS REPSTG 2 CL B ORD

SHS

STORA ENSO OYJ REPSTG FIFO 183.000 04/18/06 05/25/07 3,458.55 2,746.65 711.90

SER R SHS SPON ADR FIFO 50.000 04/18/06 05/24/07 964.18 750.45 213.73

SUNCOR INC FIFO 13.000 04/12/06 10/29/07 1,397.59 1,070.21 327.38

TECHNIP SA NEW SPON ADR FIFO 24.000 09/12/06 10/05/07 2,204.32 1,338.51 865.81

2007 Year-End Summary/1

PQ^, 4 ^ 5

Bailey Family FoundationFEIN: 54-18507802007 Capital Gains & LossesSchedule D-9 Pg. of 5 of 5

2007 Realized gains and losses - continuedQuantity/ Purchase Sale Sale Purchase Net

Security description Method Face value date date amount amount Loss Gain galnloss

FIFO 16.000 09/12/06 10/02/07 $ 1 ,528.14 $ 892.34 635.80

TOMKINS PLC SPONSORED FIFO 132.000 04/18/06 04/30/07 2,854.74 3 ,188.33 -333.59ADR `-^"-

UNITED KINGDOM

UNTD UTILITIES PLC SPON FIFO 49.000 04/18/06 12/06/07 1,507.19 1,1 91.32 315.87

ADR

VODAFONE GROUP PLC NEW FIFO 298.000 04/12/06 10/24/07 10,954.22 7,429.46 3,524.76

SPON ADR FIFO 71.000 04/12/06 08/31/07 2,289.82 1,770.1 1 519.71

Total $ 135,771.84 $ 105,301. 1 8 $ -1,146 .16 $ 31 ,616.82 $ 30,470.66

Net capital aalns/losses • 101 a.. 31 I , 503 0, a331 -10 $ 77,601.33

Short-term gainsflosses : $ 47,130.67

Long-term gains/losses : $ 30,470.66

Net year-to-date capital gains/losses: $ 77,601.33


Tok W-1 s o^ s


11

Estimated 2007 gains and losses for transactions with trade dates through 12/31/07 have been Incorporated Into this statement. The oldest security lot Is liquidated first to calculate gains/losses (first-In, first-out or FIFO

accounting method) unless you specified which lot to close when you placed your order (a versus purchase or VSP order). An asterisk (*) Indicates a UBS Financial Services adjustment to cost basis. The number '1' Indicates cost

basis Information has been provided by a source other than UBS Financial Services. See the back of the first page for additional Information. This Information Is provided for Informational purposes only and should not be relied

upon for tax-filing purposes. Rely only on year-end tax forms when preparing your tax return. Galn:Vlosses may not be adjusted for all capital changes. Cast basis for tax-exempt and AMT eligible coupon munldpat securities has

been adjusted automatically for estimated amortization of bond premiums. Estimates In the 'Unclassified' section can not be classified as short-term or long-term due to missing Information or the product is one for which a

galrOoss calculation Is not providedQuantity/ Purchase Sale Sale Purchase Net

Security description Method Face value date date amount amount Loss Gain ca/Moss

Short-term capital gains and losses:

ALBEMARLE CORP FIFO 13.000 02/02/07 12/04/07 $ 581.06 $ 511.907 $ 69.16

FIFO 17.000 02/13/07 12/04/07 759.84 695.22 64.62

FIFO '23.000 02/02/07 10/05/07 1,015.53 905.68 109.85

AMETEK INC (NEW) FIFO 41.000 02/02/07 10/17/07 1,749.20 1,431.95 i 317.25

ANNTAYLOR STORES CORP FIFO 56.000 09/07/06 04/11/07 2,187.26 2,209.00 -21.74


10% 11 4



Security desalpdon MethodQuantity/

Face valuePurchase

dateSaledate

Sale Purchase Netamount amount Loss Gain galMoss

FIFO 25.000 10/26/06 04/11/07 $ 976.45 $ 1,058 .41 -81.96FIFO 61.000 09/07/06 03/19/07 2,359 . 80 2,406.24 -46.44

BRINKER INTL INC FIFO 53.000 07/10/06 06/22/07 1,538.71 1,254.52 284.19C H ROBINSON WORLDWIDE FIFO 29.000 11/29/06 09/19/07 1,554.79 1,282.83, 271.96INC NEW FIFO 16.000 11/29/06 09/05/07 787.80 707.7 80.03

FIFO 13.000 11/29/06 05/10/07 695.24 575.06 120.18CBRL GROUP INC FIFO 19.000 04/12/06 02/27/07 881.47 820.02 61.45

FIFO 40. 000 04/12/06 01/18/07 1,876 . 25 1,726.36 149 89CDW CORP ' Ma01S0^ FIFO 37.000 04/27/07 09/05/07 3,179. 18 2,690.32

.

488.86CASH MERGER A/010/2007 FIFO 16.000 09/07/06 06/29/07 1,357.86 921 .30 436.56

FIFO 30.000 04/27/07 06/29/07 2,545. 9S 2,181 .34 364.65CLEVELAND CLIFFS INC FIFO 28.000 04/27/07 12/04/07 2,528.13 1,955.55 572.58COMMSCOPE INC FIFO 17.000 03/19/07 05/29/07 891 .14 731.87. 159.27COMMUNITY HEALTH SYSTEMS FIFO 46.000 04/12/06 02/02/07 1,647.60 1,670.98 -23.38INC

COUSINS PROPERTIES FIFO 50 .000 07/18/07 11/16/07 1,214.85 1,425 . 56 -210.71

CYTYC CORP CASH & STOCK FIFO 41 .000 10/11/06 09/19/07 1,809.67 957.47 852.20

MERGER AS OF 10/07 FIFO 25.000 08/22/08 08/03/07 1,079.56 587. 52 492.04

HOLOCOI G FIFO 60 .000 08/22/06 05/29/07 2,507.97 1,410.04 1,097.93

FIFO 8 . 000 08/11/06 05/10/07 279 .25 185 .68 93.57

FIFO 18.000 08/22/06 05/10/07 628.31 423.01 205.30

FIFO 28 .000 08/11/06 01/18/07 810.14 649 . 87 160.27

FIFO 63.000 08/11/06 01/04/07 1,809.48 1,462.22- 347.26

DIEBOLD INC FIFO 32.000 11/29/06 05/29/07 1,562 . 37 1,472.44- 89.93

FIFO 29 .000 11 /29/08 05/10/07 1,387.88 1,334.39 53.49

ENERGY EAST CORP FIFO 94 .000 02/02/07 11 /16/07 2 , 581.40 2,296 .91- 284.49

FIFO 51 .000 01/18/07 10/17/07 1,416.40 1,213.49 202.91

FIFO 28.000 02/02/07 10/17/07 777.63 684.19 93.44

FIFO 13 .000 10/26/06 10/05/07 356.60 317.50 39.10

FIFO 55.000 01 /18/07 10/05/07 1 ,508.69 1 ,308.67 200.02

FIFO 26 .000 10/11/06 09/19/07 697 . 15 635 . 94 61.21

FIFO 24 .000 10/26/06 09/19/07 643 . 52 586.16 57.36

FIFO -38 .000 10/11/06 08/03/07 976 . 55 929. 45 47.10


%tt 2 0j q


2007 Realized rains and losses - continued

Security desafption MethodOuandty/

Face valuePurchase

dateSaledate

Saleamount

Purchase Netamount Loss Gain aa/Moss

GAMESTOP CORP NEW FIFO 50.000 02/27/07 07/18/07 2,062.69 1 ,305.72 756.97(HOLDING CO) CL A

GARDNER DENVER INC FIFO 26.000 05/10/07 10/17/07 1,005.81 1,031.16 -25.35GLOBAL INDS LTD FIFO 56.000 08/03/07 12/19/07 1, 218.91 1,414.12 -195.21HARRIS CORP DELA FIFO 19.000 04/12/06 01/18/07 930.66 858 .04 7262

HELMERICH & PAYNE INC

HEWITT ASSOCIATES INC

CL A

HILLENBRAND INDUSTRS INC

HLTH CORP

HOLLY CORP NEW

HUNT J B TRANS SVCS INC

INDYMAC BANCORP INC

INTEGRYS ENERGY GROUP

INC

INTUITIVE SURGICAL INC

NEW

JACOBS ENGINEERING GROUP

INC

FIFO 104.000 04/12/06 01/04/07 5,099.46 4,696.64 402.82FIFO 86.000 04/12/06 02/27/07 2,343.08 2,980.14- -637.06FIFO 35.000 04/12/06 02/13/07 953.83 1,212.85 -259.02FIFO 43.000 09/19/07 12/19/07 1,618.25 1,477.23 141.02

FIFO 24.000 01/04/07 08/03/07 1,529.30 1,355.58 173.72

FIFO 14.000 10/11/06 06/29/07 906.41 804.48 101.93

FIFO 4.000 01/04/07 06/29/07 258.98 225.93, 33.05

FIFO 14.000 10/11/06 06/22/07 912.69 804.48 108.21

FIFO 117.000 08/24/07 12119/07 1,527.70 1,642.42 -114.72

FIFO 19.000 03/19/07 12/19/07 971.79 1,103.89 -132.10

FIFO •26.000 10/26/06 04/27/07 717.70 562.01- 155.69

FIFO 30.000 10/26/06 04/26/07 844.22 648.48 195.74

FIFO 69.000 04/12/06 04/11/07 1,928.46 1,487.57 440.89

FIFO 31.000 04/12/06 03/29/07 819.39 668.33 151.06

FIFO 34.000 04/12106 01/18/07 810.54 733.01 - 77.53

FIFO 49.000 04/12/06 01/04/07 1,119.39 1,056.39) 63.00

FIFO 23.000 12/13/06 09/05/07 509.36 1,033.14, -523.78

FIFO 29.000 04/12/06 02/27/07 1,634.39 1,433.84 200.55

FIFO 27.000 04/12/06 01/18/07 2,531.31 2,874.42 -343.11

FIFO • 12.000 12/13/06 11/16/07 931.33 500.91, 430.42

FIFO 32.000 11/29/06 10/31/07 2,781.74 1,323.43 1,458.31

FIFO 29.000 12/13/06 10/31/07 2,520.95 1,210.54 1,310.41

FIFO 41.000 11/08/06 10/05/07 3,327.51 1,641.75 1,685.76

FIFO 4.000 11/29/06 10/05/07 324.63 165.43 159.20

FIFO 15.000 11/08/06 06/22/07 863.38 600.64 262.74

2007 Year-End Summary/1

?ay 31 9


2007 Realized gains and losses - continuedQuantity/ Purchase Sale Sale Purchase Net

Security description Method Face value date date amount amount Loss GaIn pa/Moss

KNIGHT CAPITAL GROUP INC FIFO 88.000 02/02/07 06/22/07 1,518.92 1,598.8' -79.92CL A FIFO 141.000 01/04/07 05/29/07 2,378.10 2,705.32 •327.22

FIFO 12.000 02/02/07 05/29/07 202.39 218.02 -15.63LEGGETT & PLATT INC FIFO 155.000 04/11/07 11/16/07 3,104.31 3,582.02 -477.71LEUCADIA NATIONAL CORP FIFO 14.000 04/12/06 01/04/07 399.01 423.15 -24.14

FIFO 32.000 07/24/06 01/04/07 912.02 844.40 67.62MACK-CALI REALTY CORP FIFO 42.000 03/19/07 06/29/07 1,817.19 2,049.19 -232.00

MC CORMICK & CO NV FIFO 63.000 06/06/07 10/17/07 2,268.59 2,314.22 -45.63

MENTOR CORP MINN FIFO 30.000 02/27/07 08/24/07 1,304.46 1,451.74 -147.28

FIFO 6.000 02/28/07 08/24/07 260.89 288.6:2 -27.73

FIFO 35.000 02/27/07 08/03/07 1,450.94 1,693.70 ^ -242.76

MENTOR GRAPHICS CORP FIFO 44.000 12/13/06 12/04/07 456.34 786.95- -330.61

FIFO 60.000 11/29/06 09/19/07 890.78 1,005.05 -114.27

FIFO 88.000 11/29/06 07/18/07 1,107.94 1,474.07 -366.13

MILLENNIUM FIFO - 20.000 08/22/06 04/11/07 229.79 209.544, 20.25

PHARMACEUTICALS INC FIFO 144.000 09/07/06 04/11/07 1,654.46 1,524.6,9 129.83

FIFO 180.000 06/23/06 03/29/07 2,018.68 1,788.6S 230.00

FIFO 110.000 07/24/06 03/29/07 1,233.64 1,043.09, 190.55

FIFO 71.000 08/22/06 03/29/07 796.26 743.87 52.39

FIFO 77.000 06/23/06 03/19/07 832.29 765.16 67.13

NATL FUEL GAS CO FIFO -15.000 09/26/06 03/29/07 645.86 547.59 98.27

FIFO 30.000 10/11/06 03/29/07 1,291.72 1,079.45 212.27

FIFO 62.000 04/12/06 02/13/07 2,641.58 1,964.36 677.22

FIFO 15.000 09/26/06 02/13/07 639.09 547.59 91.50

FIFO 54.000 04/12/06 02/02/07 2,206.35 1,710.89 495.46

NBTY INC FIFO • 19.000 12/13/06 09/19/07 813.28 723.29.' 89.99

FIFO 72.000 12/13/06 04/11/07 3,804.74 2,740.871 1,063.87

FIFO 25.000 12/13/06 03/29/07 1,302.84 951.69 351.15

NEW PLAN EXCEL REALTY FIFO ,103.000 04/12/06 03/19/07 3,423.63 2,512.17 911.46

TRUST INCS PLAN OF FIFO 40.000 05/11/06 03/19/07 1,329.57 979.65 349.92

MERGER A/04/2007 FIFO 23.000 04/12/06 02(13/07 692.85 560.97 131.88

NOBLE ENERGY INC FIFO 16.000 05/10/07 12/19/07 1,244.66 942.48 302.18

FIFO 11.000 05/10/07 11/16/07 786.30 647.96 138.34


ToLf A 1 01

Bailey Family FoundationFEIN #: 54-18507802007 Capital Gains & LossesSchedule D - 10 P. 5 of 9


Security desalptlon MethodOuantlty/

Face valuePurchase

datesaledate

sale Purchase Net

ODYSSEY RE HOLDINGS CORP FIFO 29 .000 02/27/07 10/31/07

amount

1 071 51

amount

11

Loss Gain OnIn1toss

OHIO CASUALTY CORP CASH FIFO 46.000 04/12/06 03/19/07, .

1,361 . 24

, 42 . 53

1,447.11-71.02

-85 87MERGER NO 8/2007 bbtATY 1YU700-kIFOC,W P 32.000 04/12/06 01/18/07 930.59 1,006.68

.

-76.09PATTERSON-UTI ENERGY INC FIFO 244.000 04/12/06 02/27/07 5,585 .08 7,79092 -2,205.84PAYLESS SHOESOURCE INC FIFO 63 . 000 04/12/06 04/11/07 2 , 140.99 1 ,370.72 770.27HLDQ CO (DELA) - NAME FIFO 1 14.000 04/12/06 02/02/07 838.14 522.18 315.96CHANGE 2007*"PEPSIAMERICAS INC NEW FIFO 39.000 04/12/06 01/04/07 819 .47 941 .41. -121.94PHARMACEUTICAL PRODUCT FIFO . 36.000 10/11 /06 02/13/07 1,216 . 83 1,274.04• -57.21DEVELOPMENT INC FIFO 67 . 000 04/12/06 02/02/07 2 , 331.11 2,136.56 194.55

FIFO 37 .000 10/11/06 02/02/07 1,287.33 1,309.43 -22.10POGO PRODUCING CO STOCK FIFO 25.000 02/13/07 08/24/07 1,234 . 93 1,279.01- -44.08MERGER NO 11/2007 . pLaths FIFO 16.000 03/29/07 08/24/07 790.36 779.07 11.29

E.XPWIiTiOW FIFO 21.000 04/27/07 08/24/07 1,037 .34 1,032.15 • 5.19RADIAN GROUP INC FIFO 45 .000 09/26/06 09/05/07 893.63 2 , 723.94 -1 , 830.31RAYONIER INC REIT FIFO 25.000 09/26/06 08/24/07 1,075.63 930.59. 145.04

FIFO 18 . 000 04/12/06 01 /18/07 745 . 70 800. 64 -54.94FIFO 128 .000 04/12/06 01/04/07 1,144.83 1 ,245.44 , - 100.61

REALNETWORKS INC FIFO 101.000 12/13/06 03/19/07 783 .56 1,154.26 -370.70RPM INTL INC (DELA) FIFO 62 .000 04/12/06 02/13/07 1,433 . 07 1,169.79_ 263.28

FIFO 43 .000 04/12/06 02/02107 990.90 811.31 179.59FIFO 43 .000 04/12/06 01/18/07 975 .06 811 .31 163.75

RUBYTUESDAYINC FIFO 58.000 06/29/07 10/05/07 1,111.87 1,524.81 -412.94SEALED AIR CORP NEW FIFO 48.000 06/22/07 11 /16/07 1,135.56 1,498 .39. -362.83

SEMTECH CORP FIFO 135.000 06/23/06 03/19/07 1,837 . 55 1,882.74 -45.19

SEPRACOR INC FIFO 33.000 04/11/07 09/05/07 956.72 1,634.13 . -677.41

FIFO 24.000 05/29/07 09/05/07 695.79 1,157.20 , -461.41

FIFO 44 .000 04/11/07 08/03/07 1,342.61 2,178 . 84) -836.23

SOTHEBYS FIFO 22 .000 04/12/06 03/29/07 958.85 627. 44 331.41

T HO INC NEW FIFO 112 .000 02/13/07 10/31/07 2,958.81 3,414.3C, -455.55

TELEPHONE & DATA SYS INC FIFO 36.000 07/18/07 09/19/07 2,313.32 2,613.19- -299.87

FIFO 13 .000 07/18/07 09/05/07 848 .41 943 .65 -95.24

THOMAS & BETTS CORP TENN FIFO 17 .000 04/12/06 03/19/07 844 .91 863.60 -18.69


% t 5 ^ `1



Security description MethodQuantity!

Face valuePurchase

dateSaledate

Saleamount

Purchaseamount Loss

NetGain oe/Nloss

THOR INDUSTRIES INC FIFO 30.000 04/12/06 04/11/07 1,193.63 1,638.30 -444.67TIDEWATER INC FIFO • 15.000 11/29/06 07/18/07 1,153.60 813.63 340.07

FIFO 13 .000 11/29/06 06/29/07 924 .54 705 . 06 219.48FIFO 18 .000 11 /29/06 06/06/07 1,211.08 976.24 234.84

TIMKEN CO FIFO 30.000 04/12/06 03/29/07 907 .00 954 . 16 -47.16TRANSACTION SYSTEMS FIFO 42.000 04/12/06 02/02/07 1,563.72 1,378.86- 184.86ARCHITECTS "NAME FIFO 31.000 04/12/06 01 /18/07 1,100 . 23 1,017.73 82.50CHANGE 2007"" AGI - PJ G

TRINITY INDUSTRIES INC FIFO 6.000 07/24/06 06/22/07 265 .47 200.04 65.43FIFO 1 . 000 07/31/06 06/22/07 44 .25 33 . 31 10.94FIFO 27 .000 11 /08/06 06/22/07 1,194.63 1,019.68 174.95

FIFO 19. 000 07/24/06 05/29/07 878 . 58 633 . 45. 245.13

FIFO 46 .000 07/24/06 04/26/07 2,153.63 1,533.521 620.01

UNIVERSAL HEALTH SVCS FIFO 10.000 04/12/06 03/29/07 567.30 490.20• 77.10

INC CL B FIFO 20.000 08/11/06 03/29/07 1,134.59 1,165 . 82 -31.23

FIFO 39 . 000 04/12/06 02/13/07 2 , 334.63 1,911.78 422.85

FIFO 15.000 04/12/06 01/04/07 829 . 75 735.30 94.45

UTSTARCOM .INC FIFO 23 .000 09/07/06 07/18/07 113 .85 192 .58 -78.73

FIFO 202.000 09/26/06 07/18/07 999.94 1,796 .51, -796.57

FIFO 109.000 10/26/06 07/18/07 539. 57 1,141 .70

'

-602.13

FIFO 102 .000 11/08/06 07/18/07 504 .92 978 . 14 -473.22

FIFO 253.000 09/07/06 03/29/07 2,057.48 2,118.34I -60.86

FIFO 50 .000 09/07/06 02/13/07 481 .33 418 . 6:1) 62.68

WELLCARE HEALTH PLANS FIFO 43 .000 03/29/07 10/29/07 1,364 . 99 3,665 .40 -2,300.41

INC

WESTERN REFNG INC FIFOFIFO

WORTHINGTON INDUST INC FIFO

FIFO

WPS RESOURCES CORP FIFO

-NAME CHANGE 02107"'- INt QY", ene,r(,y Co R

TRAVELCENTERS OF AMER Adjustment

LLC (TA)

42.000 05/29/07 12/04/07 1, 164.23 1 ,830.41 - _ -666.18

29.000 05/29/07 10131107 1,074.41 1,263.86 . -189.45

131.000 04/12/06 02/02/07 2,516.48 2,599.16• - -82.68

72.000 04/12/06 01 /18/07 1,304.71 1,428.54' - 123.83

14.000 04/12/06 02/02/07 747.38 692.20

8.000 02/01/07 02/13/07 299.66 258.72

55.18

40.94


^0.r e I q

Bailey Family FoundationFEIN #: 54-18507802007 Capital Gains & LossesSchedule D -10 Pg. 7 of 9

2007 Realized gains and losses - continuedQuantity/ Purchase sale sale Purchase Net

Security description Method Face value date date amount amount Loss Gain velnfoss

Total $ 214,141.33 $ 206,497.35 $ -19,648.80 $ 27,292.78 $ 7,643.98

Long-term capital gains and losses:ALLIANT TECHSYSTEMS INC FIFO 9.000 04/12/06 05/29/07 $ 890.61 $ 694.69 $ 195.92

FIFO 14.000 04/12/06 05/10/07 1,403 .29 1,080 .63 322.66

AMB PPTY CORP FIFO 43.000 04/24/06 10/17/07 2,736.93 2,186 . 70 550.23

FIFO 14 . 000 04/24/06 05/10/07 840.55 711 . 95 128.60

AMERICAN EAGLE FIFO 33 .000 04/12/06 09/19/07 876.04 638 . 43, 237.61

OUTFITTERS INC NEW FIFO 66.000 04/12/06 08/24/07 1,617 . 12 1,276.8: 340.27

CBRL GROUP INC FIFO 68 .000 04/12/06 06/22/07 2,901.20 2,934.81 -33.61

COW CORP FIFO • 10.000 04/12/06 06/29/07 848 . 66 570.00- 278.66

CASH MERGER NO 10/2007 FIFO 14.000 04/12/06 06(22/07 1 , 190.28 798.00 392.28

FIFO `62 .000 04/12/06 06/06/07 5,269.66 3,534 .00 1,735.66

COMMUNITY HEALTH SYSTEMS FIFO 95 . 000 04/12/06 07/18/07 4,070.21 3,450 . 94 619.27

INC

CYTYC CORP CASH & STOCK FIFO 29.000 10/11/06 10/17/07 1,497.6 677.24 820.44

MERGER AS OF 10/07 FIFO 12 . 000 08/22/06 09/19/07 529 .661 282.01 247.65

FIFO 28.000 09/07/06 09/19/07 1,235 . 87 667.'39, 568.48

HARRIS CORP DELA FIFO 10.000 04/12/06 12/19/07 607.68 451.60- 156.08

FIFO 8.000 10/26/06 12/19/07 486 . 14 347 .09 - 138.15

FIFO 20 . 000 04/12/06 09/05/07 1,202 .47 903 .20 299.27

HELMERICH & PAYNE INC FIFO 69 .000 04/12/06 05/29107 2,245 .45 2,391.C' , -145.60

FIFO 28.000 04/12/06 05/10/07 879 . 60 970.28 -90.68

HUNT J B TRANS SVCS INC FIFO 95 .000 04/12/06 04/26/07 2 , 673.36 2,048.1T, 625.25

INDYMAC BANCORP INC FIFO 39.000 04/12/06 09/05/07 863.70 1,594.71 - -731.01

FIFO 24 . 000 05/11/06 09/05/07 531.51 1,154.43 -622.92

FIFO 37. 000 04/12/06 08/24/07 832.08 1,512.93 -680.85

FIFO 36.000 04/12/06 06/06/07 1,306 . 27 1,472 .04.) -165.77

JOY GLOBAL INC FIFO 91.000 04112106 05/10/07 4,724 . 14 6,011 .74, -1,287.60

FIFO 43 . 000 04/12/06 04/26/07 2 ,239.57 2,840.7 1 X601.14

LAM RESEARCH CORP FIFO 34.000 04/12/06 06/06/07 1 ,799.78 1,515.02 284.76

UNCARE HLDGS INC FIFO 9 .000 04/12/06 12/19/07 322 .81 343.80 -20.99

FIFO 13 . 000 08/22/06 12/19/07 466.27 466.8e -.55


T,tc 7Q^ a



Security desalptlon MethodQuantify/

Face valuePurchase

dateSaledate

Sale Purchase Notamount amount Loss Gain aa/Moss

FIFO 24.000 04/12/06 09/05/07 $ 861.71 $ 916.80 -55.09MENTOR GRAPHICS CORP FIFO 24.000 11/29/06 12)04/07 248.91 402.02 -153.11MICROCHIP TECHNOLOGY INC FIFO 44.000 04/12/06 10/05/07 1,612.55 1,590.60. 21.95

FIFO 77.000 04/12/06 08/03/07 2,883.40 2,78355 99.85FIFO 24.000 04/12/06 07/18/07 911.76 867.60 44.16FIFO 25.000 04/12/06 05/10/07 1,008.84 903.75 105.09

MPS GROUP INC FIFO 66.000 04/12/06 08/03/07 881.70 1 ,050.06 -168.36OHIO CASUALTY CORP CASH FIFO 55.000 04/12/06 06/29/07 2,382.27 1,730.24. 652.03MERGER NO 8/2007 FIFO 20.000 04/12/06 06/22/07 866.38 629.16 ' 237.20ONEOK INC NEW FIFO 32.000 04/12/06 04/26/07 1,502.43 1,030.08 „ 472.35PEPCO HOLDINGS INC FIFO .28.000 06/08/06 12/04/07 793.67 643. M_ 150.40

FIFO 69.000 06/23/06 12/04/07 1,955.83 1,607.81 348.02FIFO 30.000 07/10/06 12/04/07 850.36 711.07 139.29FIFO 78.000 05/11/06 11/16/07 2,084.75 1,788.28 296.47

PIONEER NAT RES CO FIFO 61.000 04/12/06 05/10/07 2,935.95 2,624. 83 311.12POGO PRODUCING CO STOCK FIFO • 38.000 04/12/06 08/24/07 1,877.10 1,961.1& -84.08

MERGER NO 11/2007 FIFO 28.000 04/12/06 08/03/07 1,451.74 1,445.08 _ 1 6.66RADIAN GROUP INC FIFO 39.000 07/24/06 09/05/07 774.48 2,477.78 -1,703.30

FIFO 2.000 07/31/08 09/05/07 39.72 122.45 -82.73

FIFO 40.000 08/22/06 09/05/07 794.34 2,467.42 -1,673.08

RAYONIER INC REIT FIFO 29.000 04/12/06 08/24/07 1,247.73 1289.9. -42.19

FIFO 45.000 04/12/06 08/03/07 1,877.59 2,001.641 -124.01

SEI INVESTMENTS CO FIFO 127.000 04/12/06 11/16/07 833.61 539.06 294.55

FIFO 33.000 04/12/06 10/17/07 932.72 658.85 273.87

STEEL DYNAMICS INC FIFO 12.000 05/11/06 12/04/07 598.47 406.71 191.76

FIFO 44.000 07/10/06 12/04/07 2,194.38 1,385.19' 809.19

FIFO 32.000 07/24/06 12/04/07 1,595.91 884.35 711.56

FIFO 21.000 05/11/06 11/16/07 1,016.63 711.75 304.88

FIFO 18.000 05/11/06 10/31/07 955.55 610.07 345.48

FIFO 63.000 05/11/06 10/05/07 2,849.52 2,135.2 5 714.27

TCF FINANCIAL CORP FIFO 4.000 06/08/06 07/18/07 107.89 108.47 -.58

FIFO 51.000 06/23/06 07/18/07 1,375.54 1,310.27 65.27

FIFO 81.000 06/08/06 06/29/07 2,251.65 2,196.61 - 55.04


`Paly, 9 ^ q

Bailey Family FoundationFEIN #: 54-18507802007 Capital Gains & LossesSchedule D -10 Pg. 9 of 9

2007 Realized eains and losses - continuedQuantity! Purchase Sale Sale Purchase Net

Security desatptlon Method Face value date date amount amount Loss Gain galMoss

THOR INDUSTRIES INC FIFO 3.000 04/24/06 06/22/07 135.00 161.52 -26.52FIFO 22 .000 05/11/06 06/22/07 990.00 1,129.42' -139.42FIFO 20.000 05/25/06 06/22/07 900 .00 991.94 -91.94

FIFO 10.000 06/08/06 06/22/07 450.00 457 .132 -7.82

FIFO 14. 000 04/12/06 04/27/07 574.54 764.54 -190.00

FIFO 37.000 04/24/06 04/27/07 1,518.42 1,992 .06 • -473.64

TIMKEN CO FIFO 30.000 04/12/06 06/22/07 1 ,036.93 954 .-16 82.77

FIFO 27.000 04/12/06 06/06/07 930 .27 858 .75 71.52

FIFO 26.000 04/12/06 04/26/07 857.45 826.94 30.51

VALSPAR CORP FIFO 30.000 04/12/06 04/26/07 821.46 836.40 -14.94

Net

Short-term gains/tosses: $ 7,643.98

Long-teen gains/losses: $ 5,364.97

Net year-to-date capital gains/losses: $ 13,008.95


Tat,e q 1 9


Estimated 2007 gains and losses for transactions with trade dates through 12131/07 have been Incorporated Into this statement The oldest security lot is liquidated first to calculate gains/losses (first-in, first-out or FIFOaccounting method) unless you specified which lot to close when you placed your order (a versus purchase or VSP order). An asterisk (•) Indicates a UBS Financial Services adjustment to cost basis. The number 'I ' indicates costbasis Information has been provided by a source other than UBS Financial Services. Seethe back of the first page for additional Information. This Information Is provided for Informational purposes only and should not be rolledupon for tax-filing purposes. Rely only on year-end tax forms when preparing your tax return. Gainsllosses may not be adjusted for all capital changes. Cost basis for tax-exempt and AMT eligible coupon municipal securities has

been adjusted automatically for estimated amortization of bond premiums. Estimates In the 'Undass/Red' section cannot be classified as short-term or long-term due to missing Information or the product Is one for which agairt/loss calculation Is not provided.

Quantity/ Purchase Sale Sale Purchase Net

Security description Method Face value date date amount amount Loss Gain aalrOoss

Short-term capital gains and losses:ISHARES INC MSCI BRAZIL FIFO 1,000.000 05/15/06 05/10/07 $ 54,984.16 $ • 41,460.00 $ 13,524.16

(FREE) INDEX FD FIFO ' 1,000.000 04/21/06 03/19/07 46,479.28 - 44,358 .50 • 2,120.78

ISHARES S&P GSTI FIFO -. 905.000 04/10/06 03/19/07 55,341.11 59,666.65 -4,325.54

SEMICONDUCTOR FIFO 595.000 07/19/06 03/19/07 36,384.48 31,892.00 4,492.48

VANGUARD INDUSTRIALS ETF FIFO 1,000.000 04/10/06 02/06/07 67,807.91 63,070.00 4,737.91


?I I I -L


2007 Realized gains and losses - continuedQuantity/ Purchase sale sale Purchase Net

Security desalption Method Face value date date amount amount Loss Gain Qaln/loss

• UBS BEAR ROS SEC-PP FIFO 5,000.000 05/24/07 09/21/07 48,600.00 50,000.00 -1,400.00

DOW JONES INDUSTRIAL

7/31/2008

Total $ 309,596.94 $ 290,447.15 $ -5,725.54 $ 24,875.33 $ 19,149.79


• FINANCIAL SECTOR SPDR FIFO 4,285.000 04/10/06 07/10/07 $ 153,700.59 $ 139,948.10 - $ 13,752.49

TRUST SHARES

ISHARES INC MSCI BRAZIL FIFO 1,000.000 04/21/06 05/10/07 54,984.16 44,358.50 - 10,625.66

(FREE) INDEX FD

Total $ 208,684.75 $ 184,306 . 60 $ 24,378.15 $ 24,378.15

Net capital galns/losses : 7cTaL 51S ; , I (q .434 .153 .-A $ 43,527.94

OPIUMShort-term gains/losses: $ 19,149.79

Long-term gainsAosses: $ 24,378.15

Net year-to-date capital gains/losses : $ 43,527.94


Ne 11 2


ODOMEstimated 2007 gains and losses for transactions with trade dates through 12131/07 have been Incorporated Into this statement. The oldest security lot Is liquidated first to calculate galnsAosses (first-In, first-out or FIFOaccounting method) unless you specified which lot to close when you placed your order (a versus purchase or VSP order). An asterisk (`) Indicates a UBS Financial Services adjustment to cost basis. The number • I • Indicates costbasis Information has been provided by a source other than UBS Financial Services. See the back of the first page for additional Information. This information Is provided for Informational purposes only and should not be reliedupon for tax-filing purposes. Rely only on year-end tax forms when preparing your tax return. Ga/nsAosses may not be adjusted for all capital changes. Cost basis for tax-exempt and AMT eligible coupon municipal securities has

been adjusted automatically for estimated amortization of bond premiums. Estimates In the 'Unclasslfed' section can not be classified as short-term or long-term due to missing Information or the product Is one for which again/loss calculation is not provided.

Ouantlty! Purchase sale sale Purchase Net

Security description Method Face value date date amount amount Loss Gain ca/Moss

Short-term capital gains and losses:CVS CAREMARK CORP./ UFO .350 04/04/06 03/27/07 $ 11 .99 $ 10.00 $ 1.99

HSBC HOLDINGS -PLC NEW GB J FIFO 12.000 Earnings 12120/07 999.90 1,087.94 -88.04

SPON ADR

Total $ 1,011 .89 $ 1,097.94 $ -88.04 $ 1.99 $ -86.05


?aT 1 sb 3


2007 Realized gains and losses - continuedQuantity/ Purchase sale sale Purchase NetSeeudty descrtptlon Method Face value date date amount amount Loss Gain pain/loss

Long-term capital gains and losses:COMCAST CORP NEW SPECIAL FIFO .500 01/21/04 02/22/07 $ 13.65 $ 11.48 $ 2.17CL A

CONOCOPHILLIPS FIFO 10.000 07/11/01 08/20/07 797.76 279.00 518.76COVIDIEN LTD Adjustment .749 04/04/06 07/02/07 32.21 24.97 7.24HERSHEY CO FIFO 140.000 09/18/02 02/15/07 7,362.24 4,489.40 2,872.84

HSBC HOLDINGS PLC NEW GB FIFO 5.000 Earnings 12/20/07 416.62 - 321.58 95.04SPON ADR FIFO 10.000 Earnings 12/20/07 833.24 757.35 75.89

FIFO 11.000 Earnings 12/20/07 916.57 901.35 15.22

FIFO 2.000 01/19/06 12/20/07 166.65 164.58 2.07

FIFO 5.000 05/11/06 12/20/07 416.62 426.74 -10.12

FIFO 2.000 07/06/06 12/20/07 166.65 178.58 -11.93

FIFO 2.000 10/04/06 12/20/07 166.65 182.54 -15.89

FIFO 16.000 07/11/01 12/20/07 1,333.19 1,954.130 -621.61

FIFO 48.000 10/02/02 12/20/07 3,999.57 2,539.26 1,460.31

FIFO 32.000 12/04/02 12/20/07 2,666.38 1,683.60 982.78

FIFO -165.000 07/11/01 12/05/07 13,870.46 -20,158.138 -6,288.42

IRON MTN INC NEW FIFO .500 11/19/04 01/03/07 13.82 10.29 3.53

KRAFT FOODS INC CL A FIFO 198.000 07/11/01 05/02/07 6,635.27 3,165.08 3,470.19

FIFO 48.000 10/24/02 05/02/07 1,608.55 719.20 889.35

FIFO 62.000 12/04/02 05/02/07 2,077.71 838.76 1,238.95

FIFO 55.000 04/04/06 05/02/07 1,843.13 1,346.78 496.35

Adjustment .312 07/11/01 04/02/07 9.56 1 5.46 4.10

TRANSOCEAN INC MERGER Adjustment 95.000 05/31/06 11/27/07 3,137.85 2,257.74 880.11

NO 11/2007 ORD

TRANSOCEAN INC NEW SHS Adjustment .462 05/31/06 11/27/07 61.82 36.55 25.27

ORD

TYCO ELECTRONICS LTD Adjustment .750 04/04/06 07/02/07 29.40 22.98 6.42

TYCO INTL LTD BERMUDA Adjustment .750 04/04/06 07/03/07 39.91 30.68 9.23

NEW$ 48 615.48 $ 42,507.63 $ -6,947.97 $ 13,055.82 $ 6,107.85

Total,

T f O I 49 ( Q7 1 c,og11e3 $ 6,021.80Net capital gains/losses: n - .


P0.. 2 ^ 3


Short-term galns/losses : $ -86.05

Long-term gains/osses: $ 6,107.85

Net year-to-date capital galns/losses: $ 6,021.80


?a. 3 0.{ 3n


FEIN: 54-1850780

2007 990 PF: Capital Gains & Losses

Schedule D-13

Gain (Loss)Date Date Sale Cost

Shares Description Symbol Bought Sold Price Basis Short Term Long Term35760.391 American Century Mid Cap Value Inv ACMVX 99/99/9999 09/24/2007 486,333.88 501,621.53 (15,287.65) -1501.076 Astonfl'AMRO Small Cap N ATASX 12/18/2006 08/27/2007 28,700.13 29,436.11 (735.98) -

455.406 Bridgeway Ultra-Small Company Market BRSIX 12/15/2006 01/17/2007 8,893.80 8,866.76 27.04 -

Cash-in-lieu 99/99/9999 99/99/9999 152.90 - 152.90

6292.617 Cohen & Steers Realty Shares CSRSX 99/99/9999 05/09/2007 565,005.44 550,527.76 14,477.68 -

24611.889 Delafield DEFIX 03/07/2007 11/30/2007 658,850.20 649,999.99 8,850.21 -

7702.822 Fidelity Select Consumer Staples FDFAX 99/99/9999 07/09/2007 479,781.45 441,793.10 37,988.35 -

11200 iShares Dow Jones US Home Construction ITB 09/25/2007 11/26/2007 183,107.23 227,573.99 (44,466.76) -

6800 KBW Capital Markets ETF KCE 10/03/2006 04/02/2007 448,881.06 424,855.97 24,025.09 -

3000 MidCap SPDRs MDY 07/09/2007 09/13/2007 471,288.81 499,590.50 (28,301.69) -

19592.801 Schneider Value SCMLX 99/99/9999 09/04/2007 459,228.25 436,801.41 22,426.84 -

3567.824 T. Rowe Price Mid-Cap Value TRMCX 12/21/2006 09/04/2007 94,329.91 89,301.50 5,028.41 -

24431.706 T. Rowe Price Real Estate TRREX 99/99/9999 05/08/2007 624,200.55 578,604.71 45,595.84 -

1920.783 Third Avenue Small-Cap Value TASCX 12/21/2006 09/04/2007 51,398.33 49,671.46 1,726.87 -

8670.933 Value Line Emerging Opportunities VLEOX 99/99/9999 01/16/2007 272,519.07 273,402.27 (883.20) -

6700 Vanguard Utilities ETF VPU 05/10/2007 07/09/2007 560,637.44 589,992.00 (29,354.56) -

20006.696 Wells Fargo SMCDX 99/99/9999 07/09/2007 484,954.91 453,813.40 31,141.51 -

Net Short Term Gains (Losses) 5,878,263.36 5,805,852.46 72,410.90 -

Additional cost of security sold in 2006 99/99/9999 99/99/9999 - 60.14 (60.14)

25866.529 AstonfI'AMR0 Small Cap N ATASX 03/30/2006 08/27/2007 494,560.48 500,000.01 - (5,439.53)

19385.144 Bridgeway Ultra-Small Company Market BRSIX 99/99/9999 01/17/2007 378,580.25 340,552.48 - 38,027.77

5625 iShares Cohen & Steers Realty Majors ICF 04/20/2006 05/08/2007 573,054.60 460,598.35 - 112,456.25

9100 iShares MSCI South Korea Index EWY 07/14/2005 01/16/2007 435,902.64 314,414.99 - 121,487.65

10000 iShares S&P Global Financials IXG 99/99/9999 07/09/2007 934,375.71 573,333.95 - 361,041.76

4800 iShares S&P Midcap 400 Value Index IJJ 06/30/2005 11/29/2007 382,544.16 304,446.26 - 78,097.90

33702.011 T. Rowe Price Mid-Cap Value TRMCX 99/99/9999 09/04/2007 891,049.50 653,543.00 - 237,506.50

13801.079 T. Rowe Price Personal Strat Growth TRSGX 09/14/2005 02/01/2007 3:57,969.02 316,057.13 - 41,911.89

35049.008 Third Avenue Small-Cap Value TASCX 99/99/9999 09/04/2007 937,878.14 833,991.60 - 103,886.54

Page I of 2


FEIN: 54-1850780


Schedule D-13

Gain (Loss)

Date Date Sale Cost

Shares Description Symbol Bought Sold Price Basis Short Term Long Term

8905.109 Value Line Emerging Opportunities VLEOX 09/26/2005 01/16/2007 279,878.99 243,999.99 - 35,879.00

122.56 Value Line Emerging Opportunities VLEOX 12/22/2005 01/16/2007 3,851.94 3,442.72 - 409.22

12716.763 Vanguard Small Cap Growth Index VISGX 10/10/2005 02/02/2007 241,972.58 198,004.93 - 43,967.65

26731.753 Vanguard Strategic Equity VSEQX 03/10/2005 09/12/2007 644,472.73 575,000.01 - 69,472.72

Net Long Term Gains (Losses)

TOTAL

7,205,132.71 5,761,417.26 - 1,443,715.45

13,083,396.07 11,567,269.72 72,410.90 1 ,443,715.45

Page 2 of 2


FEIN: 54-18507802007 990 PF: Capital Gains & Losses

Schedule D-14

Gain (Loss) Cost BasisDate Date Sale Cost Adjusted for

Shares Description Symbol Bought Sold Price Basis Short Term Long Term Donated Stocks

15448.178 Fidelity Leveraged Company Stock FLVCX 99/99/9999 99/99/9999 511,012.37 522,368.21 (11,355.84) - 522,368.216650 iShares MSCI EAFE Index EFA 99/99/9999 99/99/9999 536,445.23 499,816.67 36,628.56 - 499,816.672600 iShares MSCI Spain Index EWP 08/10/2006 06/25/2007 150,274.48 109,204.80 41,069.68 - 109,204.80

1849.234 T. Rowe Price Em Eur & Mediterranean TREMX 99/99/9999 99/99/9999 70,780.21 511,084.44 12,695.77 - 58,084.44590.572 T. Rowe Price Real Estate TRREX 99/99/9999 99/99/9999 15,052.36 14,722.98 329.38 - 14,722.98339.786 T. Rowe Price Real Estate TRREX 99/99/9999 99/99/9999 8,660.39 8,600.00 60.39 - 8,600.00

5115.018 U.S. Global Accolade Eastern Europe EUROX 12/26/2006 05/11/2007 245,562.03 228,027.48 17,534.55 - 228,027.48

Net Short Term Gains (Losses ) 1,537,787.07 1,440,824.58 96,962.49 - 1,440,824.58

6000 iShares Cohen & Steers Realty Majors ICF 11/29/2006 05/10/2007 614,031.70 609,778.57 4,253.13 495,518.562000 iShares FTSE/Xinhua China 25 Index FXI 03/20/2006 06/04/2007 227,586.54 145,326.38 - 82,260.16 145,326.38

50 iShares Morningstar Mid Growth Index JKH 03/30/2006 07/09/2007 4,920.93 4,254.15 666.78 4,254.1550 iShares Morningstar Small Core Index JKJ 03/30/2006 07/09/2007 4,720.44 4,11037 610.07 4,110.37

11700 iShares MSCI Spain Index EWP 99/99/9999 99/99/9999 676,235.15 620,451.00 55,784 15 - 500,684.006050 iShares MSCI Spain Index EWP 03/20/2006 06/25/2007 350,533.20 254,111.17 - 96,422.03 254,111.17

50 iShares S&P SmallCap 600 Growth IJT 04/13/2006 07/09/2007 7,195.90 5,831.36 - 1,364.54 5,831.3639246.24 T. Rowe Price Em Eur & Mediterranean TREMX 99/99/9999 99/99/9999 1,370,511.31 1,253,918.00 - 116,593.31 843,789.004256.815 T. Rowe Price Real Estate TRREX 99/99/9999 99/99/9999 107,729.91 111,485 93 (3,756 02) - 92,301.699538.344 T. Rowe Price Real Estate TRREX 04/20/2006 04/26/2007 249,976.19 249,809.10 - 167.09 206,822.539574.651 T. Rowe Price Real Estate TRREX 04/20/2006 05/10/2007 244,036.41 250,759.98 - (6,723.57) 207,609.787168.379 U.S. Global Accolade Eastern Europe EUROX 09/05/2006 04/18/2007 355,388.59 351.178.89 4,209.70 - 222,534.76

26203.124 U.S. Global Accolade Eastern Europe EUROX 99/99/9999 99/99/9999 1,205,007.02 1,283,691.05 - (78,684 03) 813,448.33100 Vanguard Industrials ETF VIS 03/30/2006 07/09/2007 7,557.97 6,308.25 - 1,249 72 6,308.25

Net Long Term Gains (Losses ) 5,425,431.26 5, 151,014 .19 60,490.96 213,926.11 3,802,65033

TOTAL 6,963,218.33 6,591,838.77 157,453.45 213,926.11 5,243,474.91

Page 1 of I


FEIN: 54-1850780

2007 990 PF: Capital Gains & LossesSchedule D-15

(H) Gain/(Loss)

(C) Date (D) Date (E) Sale (G) Cost

Shares (A) Description Symbol Bought Sold Price Basis Short Term Long Term

1100 DISCOVER FINANCIAL SERVICES DFS 99/99/9999 12/28/2007 16,346.75 23,146.01 (6,799.26) -458 SANDISK CORP SNDK 99/99/9999 12/28/2007 15,300.71 11,412.82 3,887.89 -

Net Short-Term Gains/(Losses) 31,647.46 34,558.83 (2,911.37) -

0 Bank ofNY Mellon Corp BK 08/31/2001 07/01/2007 17.2 1 15.99 - 1.221621 Energy Partners LTD. EPL 09/02/2005 04/30/2007 37,283.00 41,545.58 - (4,262.58)400 Nationwide Financial Services, Inc. NFS 09/06/2001 03/28/2007 21,469.36 18,460.00 - 3,009.36

700 Nationwide Financial Services, Inc. NFS 12/28/2005 03/28/2007 37,571.38 30,648.99 - 6,922.39

600 Nationwide Financial Services, Inc. NFS 12/28/2005 03/28/2007 32,204.04 26,268.00 - 5,936.04

2200 Orthofix International NV OFIX 99/99/9999 06/26/2007 97,558.50 86,637.98 - 10,920.52

200 Wachovia Corp. WB 04/11/2003 08/10/2007 9,358.86 7,008.00 - 2,350.86

200 Wachovia Corp. WB 03/18/2005 08/10/2007 9,358.86 10,544.00 - (1,185.14)

1600 Wachovia Corp. WB 09/23/2005 08/10/2007 74,870.86 76,507.99 - (1,637.13)

Net Long-Term Gains/(Losses) 319,692.07 297,636.53 - 22,055.54

Page 1of I


FEIN # 54-18507802007 Capital Gains & Losses

Schedule D-16

Gain / (Loss)Date Date Sale Cost

Shares Description Bought Sold Price Basis Short Term Long Term

12854.364 Diamond Hill Long Short 05/02/06 01/25/07 235,106.32 231,250.00 3,856.32 -2527.84 Diamond Hill Long Short 05/12/06 01/25/07 46,234.19 45,400.00 834.19 -

11933.796 Diamond Hill Long Short 05/16/06 01/25/07 218,269.13 213,376.28 4,892.85 -100 iShares Cohen & Steers Realty 01/25/07 03/06/07 10,276.89 10,862.84 (585.95) -619 iShares Cohen & Steers Realty 01/25/07 03/06/07 63,613.98 67,241.01 (3,627.03) -543 iShares Cohen & Steers Realty 01/29/07 03/06/07 55,803.55 58,955.10 (3,151.55) -

2153 iShares Cohen & Steers Realty 03/22/07 05/16/07 213,258.65 227,948.06 (14,689.41) -688 iShares Dow Jones Consumer Ser 09/20/06 03/06/07 46,092.22 43,171.61 2,920.61 -367 iShares Dow Jones Consumer Ser 09/20/06 03/06/07 24,587.20 23,029.04 1,558.16 -586 iShares Dow Jones Consumer Ser 01/25/07 03/06/07 39,259.13 40,602.17 (1,343.04) -58 iShares Dow Jones Consumer Ser 01/29/07 03/06/07 3,885.71 4,002.43 (116.72) -

1200 iShares Dow Jones Consumer Ser 01/29/07 03/06/07 80,394.15 82,809.49 (2,415.34) -650 iShares Dow Jones US Energy 07/26/06 01/25/07 64,086.07 64,008.95 77.12 -75 iShares Dow Jones US Energy 09/20/06 01/25/07 7,394.54 6,716.45 678.09 -

1812 iShares Dow Jones Utilities 03/22/07 10/03/07 178,055.29 175,344.14 2,711.15 -670 iShares Dow Jones Utilities 05/17/07 10/03/07 65,837.22 69,596.15 (3,758.93) -15 iShares Dow Jones Utilities 07/06/07 10/03/07 1,473.97 1,456.20 17.77 -

0.346 iShares Dow Jones Utilities 07/06/07 10/05/07 34.24 33.63 0.61 -0.351 iShares Dow Jones Utilities 10/02/07 10/05/07 34.64 34.49 0.15 -

15 iShares Dow Jones Utilities 10/02/07 10/05/07 1,482.81 1,475.85 6.96 -100 iShares FTSE/Xinhua China 25 07/26/06 01/25/07 10,553.83 7,695.85 2,857.98 -81 iShares FTSE/Xinhua China 25 07/26/06 01/25/07 8,550.23 6,233.63 2,316.60 -100 iShares FTSE/Xinhua China 25 07/26/06 01/25/07 10,555.83 7,695.84 2,859.99 -81 iShares FTSE/Xinhua China 25 07/26/06 01/25/07 8,544.56 6,236.87 2,307.69 -

319 iShares FTSE/Xinhua China 25 07/26/06 01/25/07 33,650.77 24,549.74 9,101.03 -499 iShares FTSE/Xinhua China 25 07/26/06 01/25/07 52,648.65 38,422.22 14,226.43 -

I iShares FTSE/Xinhua China 25 09/20/06 01/25/07 105.51 81.54 23.97 -194 iShares FTSE/Xinhua China 25 09/20/06 03/06/07 18,515.59 15,818.96 2,696.63 -151 iShares FTSE/Xinhua China 25 01/29/07 03/06/07 14,411 63 15,636.91 (1,225.28) -601 iShares FTSE/Xinhua China 25 03/22/07 05/16/07 69,579.55 61,418.93 8,160.62 -

I of 3



Schedule D-16



30 iShares Goldman Sachs Software 09/20/06 01/25/07 1,332.87 1,314.29 18.58 -70 iShares Goldman Sachs Software 09/20/06 01/25/07 3,110.02 3,066.68 43.34 -

300 iShares Goldman Sachs Software 09/20/06 01/25/07 13,328.70 13,142.90 185.80 -630 iShares Goldman Sachs Software 09/20/06 01/25/07 27,990.25 27,600.08 390.17 -

2168 iShares MSCI Brazil Index 05/17/07 10/03/07 163,071.23 124,664.33 38,406.90 -110 iShares MSCI Netherlands 01/25/07 03/06/07 2,813.61 2,884.38 (70.77) -60 iShares MSCI Netherlands 01/25/07 03/06/07 1,534.69 1,573.30 (38.61) -169 iShares MSCI Netherlands 01/25/07 03/06/07 4,322.74 4,431.46 (108.72) -400 iShares MSCI Netherlands 01/25/07 03/06/07 10,223.31 10,488.65 (265.34) -40 iShares MSCI Netherlands 01/25/07 03/06/07 1,023.13 1,048.87 (25.74) -525 iShares MSCI Netherlands 01/25/07 03/06/07 13,428.60 13,776.86 (348.26) -1400 iShares MSCI Netherlands 01/25/07 03/06/07 35,809.60 36,752.28 (942.68) -1400 iShares MSCI Netherlands 01/25/07 03/06/07 35,809.60 36,738.29 (928.69) -1979 iShares MSCI Netherlands 01/25/07 03/06/07 50,619.43 51,951.99 (1,332.56) -1456 iShares MSCI Netherlands 01/29/07 03/06/07 37,241.99 38,179.43 (937.44) -3200 iShares MSCI Netherlands 01/29/07 03/06/07 81,850.52 83,910.84 (2,060.32) -3406 iShares MSCI Netherlands 03/22/07 10/03/07 108,734.47 96,433.81 12,300.66 -200 iShares MSCI Sweden 09/20/06 01/25/07 6,401.41 5,476.49 924.92 -330 iShares MSCI Sweden 09/20/06 01/25/07 10,562.33 9,032.91 1,529.42 -

3500 iShares MSCI Sweden 09/20/06 01/25/07 112,024 66 95,873.65 16,151.01 -9496 iShares MSCI Switzerland Index 03/22/07 05/16/07 255,643.14 246,868.63 8,774.51 -2675 iShares MSCI Switzerland Index 03/22/07 10/03/07 72,385.68 69,542.29 2,843.39 -700 iShares MSCI United Kingdom 01/25/07 03/06/07 15,923.38 16,507.64 (584.26) -

6 iShares MSCI United Kingdom 01/25/07 03/06/07 136.49 141.49 (5.00) -994 iShares MSCI United Kingdom 01/25/07 03/06/07 22,611.21 23,441.34 (830.13) -1806 iShares MSCI United Kingdom 01/25/07 03/06/07 41,083.23 42,590.61 (1,507.38) -200 iShares MSCI United Kingdom 01/29/07 03/06/07 4,549.64 4,686.74 (137.10) -700 iShares MSCI United Kingdom 01/29/07 03/06/07 15,923.74 16,403.59 (479.85) -794 iShares MSCI United Kingdom 01/29/07 03/06/07 18,062.07 18,582.53 (520.46) -1000 iShares MSCI United Kingdom 01/29/07 03/06/07 22,747.70 23,433.69 (685.99) -

2 of 3


2007 Capital Gains & LossesSchedule D-16



126 iShares S&P Global Health 01/25/07 03/06/07 7,145.70 7,391.08 (245.38) -701 iShares S&P Global Health 01/25/07 03/06/07 39,755.07 41,120.23 (1,365.16) -234 iShares S&P Global Health 01/25/07 03/06/07 13,268.49 13,726.29 (457.80) -100 iShares S&P Global Health 01/29/07 03/06/07 5,670.30 5,817.22 (146.92) -100 iShares S&P Global Health 01/29/07 03/06/07 5,670.30 5,817.22 (146.92) -114 iShares S&P Global Health 01/29/07 03/06/07 6,464.14 6,631.50 (167.36) -500 iShares S&P Global Health 01/29/07 03/06/07 28,351.46 29,086.11 (734.65) -765 iShares Tr Comex Gold 06/02/06 01/25/07 49,139.94 48,284.75 855.19 -

1105.44 Rydex Dynamic S&P 500 H 05/12/06 03/06/07 50,419.12 45,522.00 4,897.12 -18.214 Rydex Dynamic S&P 500 H 12/20/06 03/06/07 830.74 872.45 (41.71) -

10502.62 Rydex Dynamic S&P 500 H 01/26/07 03/06/07 479,024.50 499,609.64 (20,585.14) -

Total Short-Term Gains (Losses) 3,458,335.25 3,375,522.91 82,812.34 -

3 of 3



Gain / (Loss)Date Date Sales Cost


149 Blackrock Inc 01/25/07 08/15/07 22,200.56 25,352.57 (3,152.01) -5 Fedex Corporation 09/08/06 07/11/07 565.13 501.19 63.94 -

121 Fedex Corporation 09/08/06 08/15/07 13,102.95 12,128.86 974.09 -126 Fedex Corporation 09/08/06 07/26/07 14,054.21 12,630.05 1,424.16 -201 Fedex Corporation 08/01/06 07/06/07 22,244.24 20,651.97 1,592.27 -254 Fedex Corporation 08/01/06 07/11/07 28,708.93 26,097.51 2,611.42 -466 Harley Davidson Inc 09/12/06 08/15/07 25,599.31 27,905.80 (2,306.49) -342 Harley Davidson Inc 09/12/06 07/18/07 20,928.84 20,480.23 448.61 -

3 Las Vegas Sands 12/05/06 09/04/07 307.34 285.84 21.50 -136 Las Vegas Sands 12/05/06 12/05/07 15,262.06 12,958.04 2,304.02 -245 Pepsico Incorporated 09/08/06 07/16/07 16,436.51 15,841.70 594.81 -670 Pepsico Incorporated 07/12/06 07/11/07 44,085.52 41,479.64 2,605.88 -1465 Sprint Nextel 03/10/06 01/16/07 25,299.77 33,879.89 (8,580.12) -495 Sprint Nextel 04/05/06 01/16/07 8,548.39 11,867.43 (3,319.04) -

Net short-Term Gains (Losses) 257,343.76 262,060.72 (4,716.96) -

105 Apple Computer 08/03/05 12/11/07 19,820.60 4,522.47 - 15,298.13127 Genentech Inc New 02/02/05 05/03/07 10,346.40 6,070.60 - 4,275.80177 Genentech Inc New 02/02/05 05/03/07 14,419.80 8,474.76 - 5,945.04323 Genentech Inc New 02/02/05 07/06/07 24,645.62 15,465.24 - 9,180.38232 Intuit 01/31/05 07/16/07 6,966.97 4,543.72 - 2,423.251901 Intuit 02/02/05 07/16/07 57,087.10 36,774.85 - 20,312.25471 Intuit 02/02/05 07/26/07 14,004.16 9,111.49 - 4,892.67468 Intuit 02/02/05 08/15/07 13,128.69 9,053.46 - 4,075.23279 Las Vegas Sands 07/12/06 08/15/07 26,184.66 20,699.57 - 5,485.0942 Las Vegas Sands 07/12/06 09/04/07 4,302.64 3,116.06 - 1,186.58100 Las Vegas Sands 08/01/06 09/04/07 10,244.40 5,944.00 - 4,300.40142 Marriott International 01/31/05 12/05/07 5,236.91 4,543.29 - 693.62

9 Marriott International 02/02/05 12/05/07 331.91 286.29 - 45.62150 Marriott International 02/02/05 12/05/07 5,531.94 4,772.25 - 759.69200 Marriott International 02/02/05 12/05/07 7,375.93 6,361.00 - 1,014.93

Page 1 of 3


FEIN # 54-1850780




600 Marriott International 02/02/05 12/05/07 22,127.78 19,086.00 - 3,041.78791 Marriott International 02/02/05 12/11/07 28,688.73 25,161.71 - 3,527.0292 Metro Goldwyn Mayer Inc. 01/31/05 07/16/07 7,892.94 3,312.46 - 4,580.48

517 Metro Goldwyn Mayer Inc. 02/02/05 07/16/07 44,354.87 19,361.65 - 24,993.22164 Metro Goldwyn Mayer Inc. 02/02/05 08/24/07 13,598.97 6,141.80 - 7,457.17100 Microsoft Corp 01/31/05 08/24/07 2,861.95 2,640.00 - 221.95157 Microsoft Corp 01/31/05 08/24/07 4,493.27 4,144.80 - 348.47274 Microsoft Corp 02/02/05 08/24/07 7,841.76 7,241.55 - 600.21909 Microsoft Corp 02/02/05 09/25/07 26,715.37 24,023.96 - 2,691.4112 Paychex Inc 01/31/05 05/03/07 452.76 366.42 - 86.3438 Paychex Inc 01/31/05 05/03/07 1,433.76 1,151.78 - 281.9862 Paychex Inc 01/31/05 05/03/07 2,339.29 1,887.28 - 452.0162 Paychex Inc 01/31/05 05/03/07 2,339.29 1,886.04 - 453.2567 Paychex Inc 02/02/05 05/03/07 2,527.94 2,010.00 - 517.94100 Paychex Inc 02/02/05 05/03/07 3,773.05 3,000.00 - 773.05133 Paychex Inc 02/02/05 05/03/07 5,018.16 3,990.00 - 1,028.16152 Paychex Inc 02/02/05 05/03/07 5,735.04 4,559.85 - 1,175.19500 Paychex Inc 02/02/05 05/03/07 18,865.27 15,000.00 - 3,865.27518 Paychex Inc 02/02/05 07/26/07 21,837.71 15,539.48 - 6,298.23660 Paychex Inc 02/02/05 08/24/07 28,973.42 19,799.34 - 9,174.08180 Pepsico Incorporated 07/12/06 07/16/07 12,075.79 11,143.78 - 932.01453 Qualcomm Inc 02/02/05 08/15/07 16,950.00 16,511.40 - 438.60578 Sandisk Corp 02/02/05 01/16/07 25,275.22 14,386.42 - 10,888.80768 Schlumberger Ltd 08/03/05 05/03/07 57,100.23 33,216.81 - 23,883.42373 Starbucks Corp 03/17/06 08/15/07 10,060.96 13,618.98 - (3,558.02)1012 Starbucks Corp 03/17/06 09/04/07 27,957.08 36,950.14 - (8,993.06)296 Suncor Energy 07/13/05 12/05/07 29,636.07 15,336.59 - 14,299.48324 Suncor Energy 07/13/05 12/11/07 32,688.40 16,787.35 - 15,901.05130 SuncorEnergy 08/31/05 12/11/07 13,115.72 7,632.81 - 5,482.9155 Walgreen Company 02/02/05 08/24/07 2,465.19 2,409.55 - 55.64

350 Walgreen Company 02/02/05 08/24/07 15,687.56 15,330.00 - 357.56269 Walgreen Company 02/02/05 12/05/07 9,720.00 11,782.20 - (2,062.20)

Page 2 of 3


FEIN # 54-1850780




445 Walgreen Company 02/02/05 12/05/07 16,079.56 19,495.45 - (3,415.89)331 Walgreen Company 02/02/05 12/11/07 12,219.14 14,497.80 - (2,278.66)450 Walgreen Company 04/12/06 12/11/07 16,612.12 19,404.00 - (2,791.88)769 Wellpoint Inc. 02/02/05 04/11/07 62,550.42 47,504.98 - 15,045.44479 Wellpoint Inc. 02/02/05 05/03/07 38,749.73 29,590.22 - 9,159.51106 Whole Foods Market Inc 07/12/06 08/15/07 4,401.05 6,581.88 - (2,180.83)656 Whole Foods Market Inc 07/12/06 09/04/07 29,132.12 40,733.14 - (11,601.02)66 Zimmer Holdings Inc 01/31/05 10/30/07 4,509.10 5,267.46 - (758.36)

289 Zimmer Holdings Inc 02/02/05 10/30/07 19,744.40 25,221.03 - (5,476.63)214 Zimmer Holdings Inc 02/02/05 12/05/07 14,137.43 18,675.78 - (4,538.35)227 Zimmer Holdings Inc 02/02/05 12/11/07 15,396.42 19,810.29 - (4,413.87)

Net Long-Term Gains (Losses) 957,762.77 761,931.23 - 195,831.54

TOTAL 1 ,215,106.53 1,023,991.95 (4,716 .96) 195,831.54

Page 3 of 3



Schedule D-18


Shares (A) Description Bought Sold Price Basis Short Term Long Term

646 A.O. Smith 02/03/06 02/01/07 25,206.27 27,504.16 (2,297.89) -941 AM Castle 02/03/06 02/01/07 23,875.72 26,724.40 (2,848.68) -786 Argo Group 02/03/06 02/01/07 26,409.25 27,257.54 (848.29) -707 Astec Industries 02/03/06 02/01/07 25,783.98 26,850.09 (1,066.11) -

3382 Asyst Technologies 02/03/06 02/01/07 22,703.34 26,987.68 (4,284.34) -1270 Beacon Roofing 02/03/06 02/01/07 26,699.91 27,169.19 (469.28) -4305 Blockbuster Inc Cl A 02/05/07 12/05/07 14,206.28 29,187.90 (14,981.62) -

1233.089 Brightpoint 02/03/06 02/01/07 13,551.35 27,118.33 (13,566.98) -246.911 Brightpoint 05/31/06 02/01/07 2,713.50 5,278.96 (2,565.46) -

808 Brown Shoe Company 02/05/07 11/06/07 14,037.89 29,163.57 (15,125.68) -0.5 Brown Shoe Company 02/05/07 04/03/07 14.70 18.05 (3.35) -

1648 CE Franklin 02/03/06 02/01/07 14,667.07 26,582.24 (11,915.17) -988 Charlotte Russe Holding 02/05/07 09/28/07 14,474.56 29,076.84 (14,602.28) -979 Columbus McKinnon 02/03/06 02/01/07 22,521.98 27,126.72 (4,604.74) -537 CPI Corporation 02/05/07 11/16/07 13,327.65 29,153.57 (15,825.92) -1188 Dress Barn 02/03/06 02/01/07 26,759.94 27,200.75 (440.81) -749 Drew Industries 02/03/06 02/01/07 20,659.93 27,367.64 (6,707.71) -

0.752 Exide Technologies 02/05/07 10/15/07 5.86 5.47 0.39 -611 Foundation Coal Holdings 02/03/06 02/01/07 20,944.43 27,372.80 (6,428.37) -1364 Imergent 02/05/07 12/06/07 13,858.02 29,729.74 (15,871.72) -921 Lamson & Sessions 02/03/06 02/01/07 24,147.87 27,199.99 (3,052.12) -

3863 Level 3 Communications 02/03/06 01/10/07 23,079.94 27,248.97 (4,169.03) -0.709 Level 3 Communications 02/03/06 01/10/07 4.25 5.00 (0.75) -6906 M R V Communications Inc 02/05/07 12/18/07 14,018.96 29,419.56 (15,400.60) -1185 Miller Industries 02/03/06 02/01/07 26,353.95 27,243.15 (889.20) -496 Pantry Inc 02/03/06 02/01/07 24,462.90 27,117.51 (2,654.61) -837 Papa Johns International 02/03/06 02/01/07 23,515.62 26,948.22 (3,432.60) -974 Plexus Corp 02/03/06 02/01/07 16,421.23 27,340.18 (10,918.95) -1818 Qiao Xing Universal Telephone 02/05/07 09/13/07 14,534.32 29,011.64 (14,477.32) -864 Ryerson A 02/03/06 02/01/07 26,739.97 27,211.85 (471.88) -

Page 1 of 3


FEIN # 54-1850780




231 Sequa Corporation 02/05/07 12/04/07 40,425.00 29,218.06 11,206.94 -1850 Standard Motor Products 02/05/07 08/14/07 15,334.60 29,175.61 (13,841.01) -1670 United Retail Group 02/03/06 02/01/07 23,011.89 27,186.43 (4,174.54) -778 Volt Info Sciences 02/05/07 07/02/07 15,234.79 29,104.90 (13,870.11) -390 Watsco Inc 02/03/06 02/01/07 20,688.94 27,522.30 (6,833.36) -519 Zenith National Insurance 02/03/06 02/01/07 24,091.45 28,015.62 (3,924.17) -

Net Short-Term Gains (Losses) 674,487.31 895,844.63 (221,357.32) -

1164 A A R Corporation 02/03/06 02/05/07 34,045.95 27,412.20 - 6,633.751406 Air Methods 02/03/06 02/05/07 37,822.48 27,387.33 - 10,435.15340 Amerco 02/03/06 02/05/07 28,077.69 27,183.00 - 894.691098 Andersons 02/03/06 02/05/07 45,196.13 27,669.38 - 17,526.753098 Aspen Technology 02/03/06 02/05/07 33,085.62 27,230.49 - 5,855.132588 Comfort Systems USA 02/03/06 02/05/07 32,737.97 27,122.24 - 5,615.732937 Companhia Paranaense de Energi 02/03/06 02/05/07 36,543.37 27,549.06 - 8,994.311314 Continental Airlines Cl B 02/03/06 02/05/07 55,751.30 27,144.48 - 28,606.82688 Emcor Group 02/03/06 02/05/07 40,804.57 27,242.74 - 13,561.831107 General Cable Cp De New 02/03/06 02/05/07 48,585.06 27,110.43 - 21,474.63

398 Giant Inds Inc Az 02/02/05 02/05/07 29,658.88 11,955.92 - 17,702.96688 Granite Construction 02/03/06 02/05/07 37,839.24 27,251.68 - 10,587.56

1308 Hub Group Inc Cl A 02/02/05 02/05/07 41,530.34 18,851.55 - 22,678.791101 Insituform Tech Cl A 02/03/06 02/05/07 30,852.37 27,049.48 - 3,802.891092 Ladish Company 02/03/06 02/05/07 47,718.93 27,101.47 - 20,617.46

1018 Natco Group 02/03/06 02/05/07 36,972.82 27,330.55 - 9,642.27

2192 On Assignment 02/03/06 02/05/07 28,385.74 27,102.33 - 1,283.41

677 Oregon Steel Mills 02/02/05 01/19/07 42,820.25 16,214.28 - 26,605.97

1166 Payless Shoesource Inc 02/03/06 02/05/07 39,911.07 27,237.76 - 12,673.31

1032 Perdigao S.A. ADR 02/03/06 02/05/07 25,944.51 27,212.40 - (1,267.89)

2080 Quanta Services Inc 02/03/06 02/05/07 43,533.27 27,012.96 - 16,520.31

Page 2 of 3


FEIN # 54-1850780




912 Team 02/03/06 02/05/07 30,753.88 27,186.72 - 3,567.16

699 Valmont Industries 02/03/06 02/05/07 38,919.82 27,205.08 - 11,714.74

Net Long-Term Gains (Losses)

TOTAL

867,491 .26 591 ,763.53 - 275,727.73

1,541 ,978.57 1,487,608.16 (221 ,357.32) 275,727.73

Page 3 of 3



Gain/(Loss)Date Date Sale Cost


10 DaimlerChrysler AG 01/30/07 06/15/07 911.55 626.40 285.15 -80 DaimlerChrysler AG 09/18/06 06/15/07 7,292.39 3,923.56 3,368.83 -140 DaimlerChrysler AG 01/30/07 06/27/07 12,384.04 8,769.56 3,614.48 -

0.019 HSBC Holdings PLC ADR 02/14/07 10/04/07 1.79 1.67 0.12 -0.326 HSBC Holdings PLC ADR 02/14/07 05/11/07 30.36 29.43 0.93 -0.803 HSBC Holdings PLC ADR 02/14/07 07/09/07 73.95 72.42 1.53 -270 J Sainsbury PLC ADR 01/30/07 06/15/07 12,685.43 9,220.50 3,464.93 -

212.689 PT Multimedia ADR 11/15/07 12/06/07 2,818.99 2,841.53 (22.54) -174.311 PT Multimedia ADR 11/15/07 12/06/07 2,310.31 2,328.79 (18.48) -

0.347 PT Multimedia ADR 11/15/07 11/16/07 4.48 4.64 (0.16) -3470 Royal Dsm N V ADR 03/05/07 09/27/07 46,874.47 36,292.38 10,582.09 -

84.375 Tyco Intl Ltd New 01/30/07 07/24/07 4,171.94 10,580.62 (6,408.68) -0.5 Tyco Intl Ltd New 01/30/07 07/09/07 26.05 24.46 1.59 -

72.625 Tyco Intl Ltd New 01/30/07 07/24/07 3,590.96 3,553.48 37.48 -

Net Short-Term Gains (Losses) 93,176.71 78,269.44 14,907.27 -

106.789 ABN Amro Holding ADR 05/28/04 04/13/07 4,843.43 2,274.73 - 2,568.70253.211 ABN Amro Holding ADR 06/04/04 04/13/07 11,484.37 5,408.58 - 6,075.79

0.84 ABN Amro Holding ADR 06/04/04 06/05/07 40.52 17.94 - 22.58115.949 ABN Amro Holding ADR 06/04/04 08/08/07 5,742.69 2,476.68 - 3,266.0165.589 ABN Amro Holding ADR 09/08/04 08/08/07 3,248.45 1,423.93 - 1,824.52

228.462 ABN Amro Holding ADR 04/06/05 08/08/07 11,315.18 5,719.30 - 5,595.880.398 Aegon NV ADR 09/22/04 09/14/07 7.30 4.43 - 2.87110 Bombardier Inc Cv Cl B 05/28/04 05/31/07 545.14 366.85 - 178.29

3300 Bombardier Inc Cv Cl B 06/10/04 05/31/07 16,354.22 10,362.00 - 5,992.22110 British Sky PLC ADR 12/14/05 10/17/07 6,163.62 3,912.04 - 2,251.5850 British Sky PLC ADR 01/05/06 10/17/07 2,801.65 1,795.41 - 1,006.2490 BT Group PLC ADR 06/04/04 02/02/07 5,498.16 3,122.10 - 2,376.0650 BT Group PLC ADR 06/04/04 07/24/07 3,345.66 1,734.50 - 1,611.16

Page 1 of 3



Schedule D-19



170 BT Group PLC ADR 12/13/04 07/24/07 11,375.23 6,703.05 - 4,672.18200 BT Group PLC ADR 12/13/04 08/21/07 12,237.23 7,885.94 - 4,351.29110 Carrefour Sprmch Sa Ordf 10/20/04 12/04/07 8,657.46 4,840.78 - 3,816.6860 Carrefour Sprmch Sa Ordf 01/03/06 12/04/07 4,722.25 2,903.44 - 1,818.81

2440 Compass Group PLC ADR 10/20/04 03/07/07 14,209.39 10,104.78 - 4,104.610.5 Covidien 03/20/06 06/29/07 21.48 17.19 - 4.29140 DaimlerChryslerAG 03/07/05 05/16/07 12,141.21 6,457.19 - 5,684.0270 Daimler-Chrysler AG 04/18/05 05/16/07 6,070.61 2,789.07 - 3,281.54140 DaimlerChrysler AG 04/18/05 06/15/07 12,761.68 5,578.15 - 7,183.53180 DBS Group Holdings ADR 07/12/04 01/19/07 10,287.90 6,472.84 - 3,815.06240 DBS Group Holdings ADR 07/12/04 05/09/07 14,755.07 8,630.45 - 6,124.62320 France Telecom ADR 06/04/04 11/06/07 11,995.18 7,814.68 - 4,180.50340 France Telecom ADR 10/04/04 11/06/07 12,744.87 8,906.44 - 3,838.4310 Fuji Photo Film ADR 08/03/05 09/28/07 460.37 314.06 - 146.31

180 Fuji Photo Film ADR 09/02/05 09/28/07 8,286.79 5,955.00 - 2,331.79790 J Sainsbury PLC ADR 11/12/04 06/15/07 37,116.63 16,066.86 - 21,049.7760 Marks & Spencer Adrf 05/13/04 01/04/07 5,154.78 1,782.00 - 3,372.7880 Nestle S A Reg B ADR 09/21/04 08/22/07 8,257.87 4,672.80 - 3,585.07150 Nestle S A Reg B ADR 09/21/04 09/14/07 16,540.53 8,761.50 - 7,779.0310 Nestle S A Reg B ADR 09/21/04 11/27/07 1,224.70 584.10 - 640.60

120 Nestle S A Reg B ADR 11/02/04 11/27/07 14,696.42 7,269.45 - 7,426.97910 Royal Ahold ADR 06/04/04 07/18/07 12,201.00 6,972.33 - 5,228.6740 Royal Ahold ADR 08/31/04 07/18/07 536.31 250.19 - 286.12

0.88 Royal Bank Scotland ADR 04/06/05 10/19/07 9.50 74.42 - (64.92)0.326 Telecom Corp New Zealand ADR 12/30/03 09/25/07 5.54 6.41 - (0.87)120 Telefonica S A Sponsored ADR ( 11/11/05 10/12/07 10,943.11 5,329.13 - 5,613.9890 Telefonica S A Sponsored ADR ( 11/11/05 11/06/07 9,149.35 3,996.84 - 5,152.51120 Telefonica S A Sponsored ADR ( 11/11/05 11/20/07 12,154.87 5,329.13 - 6,825.7480 Telefonica S A Sponsored ADR ( 11/11/05 12/06/07 8,033.43 3,552.75 - 4,480.680.5 Tyco Electronics 03/20/06 06/29/07 19.60 15.83 - 3.77

Page 2 of 3



Schedule D-19



135 Tyco Intl Ltd New 03/20/06 07/24/07 6,675.10 14,620.99 - (7,945.89)1690 Unicredito Ital 07/26/05 05/08/07 17,249.66 8,942.30 - 8,307.36180 Unilever Plc ADR New 11/24/04 08/09/07 5,540.40 3,672.65 - 1,867.75300 Unilever Plc ADR New 11/24/04 09/24/07 9,700.86 6,121.09 - 3,579.77320 Unilever Plc ADR New 11/24/04 11/20/07 11,698.03 6,529.15 - 5,168.88160 Wolters Kluwer Spon ADR 05/21/04 01/17/07 4,743.03 2,648.00 - 2,095.03520 Zurich Fin! Svcs ADR 06/04/04 02/12/07 14,384.21 8,372.00 - 6,012.21


TOTAL 511,328.75 317,830.91 14,907.27 178,590.57

Page 3 of 3





25 Affiliated Computer Cl A 04/26/06 01/23/07 1,201.10 1,467.50 (266.40) -75 Applebees Intl Inc 12/11/06 11/29/07 1,912.50 1,732.50 180.00 -135 Citizens Communications 05/10/07 10/19/07 1,784.67 2,100.60 (315.93) -200 Citizens Communications 04/02/07 10/19/07 2,643.96 3,009.60 (365.64) -50 Clear Channel Communications 03/01/06 01/05/07 1,772.44 1,431.89 340.55 -55 Clear Channel Communications 03/01/06 01/30/07 1,990.41 1,575.08 415.33 -35 Compass Bancshares 02/02/07 07/25/07 2,459.41 2,150.05 309.36 -35 Compass Bancshares 01/23/07 07/25/07 2,459.41 2,103.36 356.05 -45 Compass Bancshares 01/23/07 03/16/07 3,026.15 2,704.32 321.83 -10 Everest Re Group 10/24/06 10/02/07 1,104.58 1,003.00 101.58 -50 Federated Department Stores 02/07/06 01/08/07 1,870.01 1,696.50 173.51 -5 Forest City Enerprises 11/28/06 10/03/07 284.46 279.23 5.23 -

125 Istar Financial Inc 11/28/06 10/15/07 4,310.31 5,744.75 (1,434.44) -20 Jabil Circuit Inc 06/29/06 04/17/07 445.24 514.20 (68.96) -45 Jabil Circuit Inc 06/29/06 04/27/07 1,078.18 1,156.95 (78.77) -90 Jabil Circuit Inc 09/22/06 04/27/07 2,156.37 2,483.64 (327.27) -105 Jabil Circuit Inc 06/23/06 04/17/07 2,337.52 2,585.00 (247.48) -30 Legg Mason 05/23/07 12/18/07 2,133.32 3,073.74 (940.42) -70 Liberty Media Common Stock 05/31/07 10/15/07 1,418.73 1,686.30 (267.57) -80 Liberty Media Common Stock 07/06/07 10/15/07 1,621.40 1,798.24 (176.84) -130 Liberty Media Common Stock 03/30/07 10/15/07 2,634.79 3,101.61 (466.82) -50 M B I A Inc 10/19/07 12/20/07 1,030.81 2,927.00 (1,896.19) -5 M G I C Investment Corp 02/27/07 07/05/07 280.10 303.54 (23.44) -

40 M G I C Investment Corp 02/27/07 07/13/07 2,285.40 2,428.30 (142.90) -45 McClatchy 11/06/06 10/25/07 747.08 1,945.80 (1,198.72) -

16.524 Mueller Water Products 03/29/06 02/02/07 238.76 331.13 (92.37) -41.311 Mueller Water Products 05/03/06 02/02/07 596.93 845.87 (248.94) -57.835 Mueller Water Products 04/07/06 02/02/07 835.70 1,220.44 (384.74) -57.835 Mueller Water Products 07/05/06 02/02/07 835.70 976.37 (140.67) -66.097 Mueller Water Products 04/20/06 02/02/07 955.08 1,416.79 (461.71) -

I of 8


FEIN # 54-1850780




90.514 Mueller Water Products 03/23/06 02/02/07 1,307.90 1,789.45 (481.55) -90.884 Mueller Water Products 11/03/06 02/02/07 1,31:1.27 1,212.21 101.06 -

35 Omnicare Inc 05/17/06 05/08/07 1,197.68 1,926.40 (728.72) -45 Omnicare Inc 09/27/06 05/08/07 1,539.88 1,926.00 (386.12) -55 Omnicare Inc 08/07/06 05/08/07 1,882.07 2,530.00 (647.93) -35 Quest Diagnostic Inc 05/02/06 02/05/07 1,848.35 1,926.75 (78.40) -35 Quest Diagnostic Inc 02/07/06 02/05/07 1,848.36 1,760.50 87.86 -15 Safeco Corporation 01/30/06 01/22/07 894.57 803.82 90.75 -60 Safeco Corporation 04/25/06 01/22/07 3,578.29 3,084.60 493.69 -50 Teradata Corp 11/29/06 10/15/07 1,438.34 1,139.38 298.96 -5 Vulcan Materials Co 06/06/06 05/04/07 592.05 386.31 205.74 -5 Vulcan Materials Co 07/13/06 07/06/07 570.29 350.98 219.31 -

15 Vulcan Materials Co 06/06/06 05/15/07 1,686.75 1,158.93 527.82 -55 Walter Industries Inc 03/23/06 02/22/07 1,374.95 1,763.38 (388.43) -55 Walter Industries Inc 11/03/06 08/02/07 1,386.99 1,189.63 197.36 -3 Washington Post Co CI B 03/26/07 12/05/07 2,378.96 2,282.94 96.02 -5 William Wrigley Jr. 06/18/07 10/05/07 329.74 282.89 46.85 -

25 William Wrigley Jr. 04/12/07 10/05/07 1,648.72 1,298.45 350.27 -35 William Wrigley Jr. 04/12/07 09/07/07 2,064.23 1,817.83 246.40 -40 William Wrigley Jr. 06/18/07 11/28/07 2,537.16 2,263.12 274.04 -

Net Short-Term Gains (Losses) 79,869.07 86,686.87 (6,817.80) -

115 Affiliated Computer Cl A 06/03/05 01/23/07 5,525.10 5,754.60 - (229.50)30 Albemarle Corporation 06/03/05 02/15/07 2,500.42 1,117.20 - 1,383.2225 Albemarle Corporation 06/03/05 04/18/07 1,087.48 465.50 - 621.9840 American Electric Power 09/21/05 04/02/07 1,989.16 1,561.60 - 427.5625 American Electric Power 09/21/05 12/12/07 1,203.48 976.00 - 227.4835 American Standard 06/03/05 02/07/07 1,832.05 1,512.70 - 319.3535 American Standard 06/03/05 05/04/07 1,991.47 1,512.70 - 478.77

2of8





40 American Standard 06/03/05 05/11/07 2,287.96 1,728.80 - 559.1625 American Standard 01/04/06 05/11/07 1,429.98 983.25 - 446.7370 American Standard 01/04/06 05/17/07 4,096.75 2,753.10 - 1,343.6525 Ametek Inc New 06/03/05 10/02/07 1,09-9.48 639.67 - 459.81

19.5 Ametek Inc New 06/03/05 12/14/07 903.53 498.94 - 404.5925.5 Ametek Inc New 06/03/05 12/14/07 1,181.55 652.63 - 528.9235 Amphenol Corp C1 A 10/20/05 10/30/07 1,566.57 700.88 - 865.69125 Applebees Intl Inc 06/03/05 03/02/07 3,113.90 3,428.38 - (314.48)10 Applebees Intl Inc 06/03/05 05/31/07 259.50 274.27 - (14.77)40 Applebees Intl Inc 07/07/05 05/31/07 1,037.98 1,002.88 - 35.10105 Applebees Intl Inc 07/07/05 11/12/07 2,636.50 2,632.56 - 3.9485 Applebees Intl Inc 05/03/06 11/29/07 2,167.50 2,000.73 - 166.7710 Assurant 06/03/05 05/31/07 594.59 350.00 - 244.5925 Assurant 06/03/05 05/31/07 1,486.48 874.75 - 611.7340 Assurant 06/03/05 07/17/07 2,072.08 1,399.60 - 672.4830 Assurant 06/03/05 08/01/07 1,509.27 1,049.70 - 459.5735 Assurant 06/03/05 11/27/07 2,302.89 1,224.65 - 1,078.2420 Assurant 06/03/05 12/05/07 1,310.69 699.80 - 610.8915 Autozone Inc 06/03/05 05/15/07 1,972.25 1,383.75 - 588.5020 Autozone Inc 06/03/05 06/27/07 2,716.71 1,845.00 - 871.715 Autozone Inc 06/03/05 07/06/07 699.73 461.25 - 238.48

30 Ball Corporation 06/03/05 02/07/07 1,391.65 1,133.10 - 258.5515 Ball Corporation 06/03/05 09/07/07 781.87 566.55 - 215.3225 Brookfield Properties 06/03/05 02/12/07 1,149.46 669.50 - 479.9635 Brookfield Properties 06/03/05 04/02/07 1,399.31 937.30 - 462.010.5 Brookfield Properties 06/03/05 05/24/07 12.60 8.93 - 3.6790 CentuiytelInc 06/03/05 07/05/07 4,430.72 2,934.90 - 1,495.8225 Centurytel Inc 06/03/05 08/07/07 1,148.08 815.25 - 332.8350 Centurytel Inc 06/03/05 09/11/07 2,313.16 1,630.50 - 682.6655 Clear Channel Communications 03/01/06 11/07/07 1,975.56 1,575.08 - 400.48

3 of 8





75 Clear Channel Communications 03/01/06 11/07/07 2,703.03 2,147.83 - 555.2055 Constellation Brand Cl A 01/04/06 04/02/07 1,146.73 1,448.70 - (301.97)70 Constellation Brand Cl A 01/04/06 12/17/07 1,700.97 1,843.80 - (142.83)20 Coventry Health Care Inc 06/03/05 03/02/07 1,092.76 918.67 - 174.0910 Coventry Health Care Inc 06/03/05 07/06/07 598.69 459.33 - 139.3635 Crane Company 06/03/05 05/08/07 1,470.32 918.75 - 551.5755 Crane Company 06/03/05 07/05/07 2,571.76 1,443.75 - 1,128.0170 Crane Company 06/03/05 10/18/07 3,270.34 1,837.50 - 1,432.8440 Crane Company 06/03/05 11/09/07 1,842.37 1,050.00 - 792.3750 Dean Foods 06/03/05 02/14/07 2,238.51 1,970.50 - 268.0130 Dean Foods 06/03/05 04/11/07 1,047.04 1,182.30 - (135.26)115 Del Monte Foods Co 06/03/05 08/01/07 1,342.02 1,210.95 - 131.0725 Del Monte Foods Co 06/03/05 10/31/07 257.72 263.25 - (5.53)

315 Del Monte Foods Co 07/01/05 10/31/07 3,247.25 3,442.95 - (195.70)25 Devon Energy Corp New 06/03/05 04/02/07 1,758.02 1,172.00 - 586.02110 Energy East Corporation 06/03/05 01/31/07 2,639.92 3,146.00 - (506.08)140 Energy East Corporation 09/02/05 01/31/07 3,359.89 3,718.40 - (358.51)40 Estee Lauder A 06/03/05 02/07/07 1,849.54 1,579.20 - 270.3420 Estee Lauder A 06/27/05 02/07/07 924.77 778.40 - 146.3750 Estee Lauder A 06/27/05 09/07/07 2,048.57 1,946.00 - 102.5765 Estee Lauder A 07/29/05 10/03/07 2,809.25 2,542.15 - 267.1020 E-Trade Group Inc 11/14/05 08/15/07 281.00 385.60 - (104.60)80 E-Trade Group Inc 11/15/05 08/15/07 1,123.98 1,516.80 - (392.82)120 E-Trade Group Inc 11/17/05 08/15/07 1,685.97 2,272.80 - (586.83)90 E-Trade Group Inc 05/24/06 08/15/07 1,264.48 2,056.14 - (791.66)32 Federated Department Stores 01/04/06 01/08/07 1,196.81 1,099.04 - 97.7725 Forest City Enerprises 06/03/05 04/02/07 1,663.15 791.62 - 871.5320 Forest City Enerprises 06/03/05 05/22/07 1,345.57 633.30 - 712.2725 Forest City Enerprises 06/03/05 08/02/07 1,354.77 791.63 - 563.1445 Forest City Enerprises 06/03/05 10/03/07 2,560.16 1,424.92 - 1,135.24

4of8





20 Fortune Brands Inc 06/03/05 08/01/07 1,616.77 1,629.38 - (12.61)15 Fortune Brands Inc 06/03/05 09/07/07 1,2015.60 1,222.03 - (15.43)

130 Harsco Corporation 06/03/05 05/24/07 6,65 5.53 3,784.95 - 2,870.5830 Hilton Hotels Corp 09/21/05 02/07/07 1,111.46 637.50 - 473.9650 Hilton Hotels Corp 09/21/05 02/14/07 1,851.52 1,062.50 - 789.025 Hilton Hotels Corp 09/21/05 10/25/07 237.50 106.25 - 131.25

125 Hilton Hotels Corp 10/31/05 10/25/07 5,937.50 2,408.75 - 3,528.75150 Hilton Hotels Corp 01/04/06 10/25/07 7,125.00 3,633.00 - 3,492.00150 I P C Holdings Ltd Ord 06/03/05 02/23/07 4,435.66 5,720.25 - (1,284.59)220 Interactive Data Corp 06/03/05 02/13/07 5,088.04 4,833.40 - 254.6475 Istar Financial Inc 08/30/05 07/02/07 3,408.69 3,079.50 - 329.195 Istar Financial Inc 08/30/05 10/15/07 172.42 205.30 - (32.88)

65 Istar Financial Inc 10/04/05 10/15/07 2,241.36 2,653.95 - (412.59)125 Kinder Morgan Inc 06/03/05 05/30/07 13,43 7.50 9,852.50 - 3,585.0025 Kinder Morgan Inc 04/27/06 05/30/07 2,687.50 2,203.75 - 483.7540 Limited Brands 08/18/05 07/06/07 1,156.38 889.20 - 267.1830 M G [ C Investment Corp 06/03/05 01/05/07 1,898.99 1,797.30 - 101.6930 M G I C Investment Corp 06/03/05 05/04/07 1,880.38 1,797.30 - 83.0845 M G I C Investment Corp 06/03/05 06/26/07 2,648.02 2,695.95 - (47.93)40 M G I C Investment Corp 12/02/05 07/05/07 2,240.79 2,639.60 - (398.81)30 McClatchy 03/14/06 04/02/07 940.81 1,533.00 - (592.19)20 McClatchy 03/14/06 10/25/07 332.03 1,022.00 - (689.97)40 McClatchy 03/31/06 10/25/07 664.07 1,956.40 - (1,292.33)40 McClatchy 06/29/06 10/25/07 664.07 1,576.00 - (911.93)30 N C R Corp New 10/13/05 03/02/07 1,375.15 966.30 - 408.8520 Norfolk Southern Corporation 10/13/05 04/11/07 1,042.78 779.40 - 263.3830 Norfolk Southern Corporation 10/13/05 05/30/07 1,713.02 1,169.10 - 543.9210 Northern Trust Corp 06/03/05 10/30/07 742.28 457.38 - 284.9015 Northern Trust Corp 06/03/05 11/19/07 1,118.08 686.07 - 432.0110 Northern Trust Corp 06/03/05 12/05/07 780 79 457.38 - 323.41

5of8


FEIN # 54-1850780




5 Northern Trust Corp 09/30/05 12/05/07 390.39 252.67 - 137.7250 Omnicare Inc 06/03/05 03/12/07 1,977.48 1,913.50 - 63.9810 Omnicare Inc 06/03/05 05/08/07 342.19 382.70 - (40.51)

105 Outback Steakhouse Inc 06/03/05 06/14/07 4,320.75 4,568.55 - (247.80)40 Outback Steakhouse Inc 06/28/05 06/14/07 1,646.00 1,802.00 - (156.00)55 Outback Steakhouse Inc 03/06/06 06/14/07 2,263.25 2,324.85 - (61.60)15 P P G Industries Inc 06/03/05 04/02/07 1,057.42 984.75 - 72.6740 PPL Corporation 06/03/05 04/02/07 1,679.73 1,160.00 - 519.7350 PPL Corporation 06/03/05 09/17/07 2,413.39 1,450.00 - 963.3985 PPL Corporation 09/02/05 10/08/07 4,157.28 2,797.35 - 1,359.9365 PPL Corporation 10/05/05 10/08/07 3,179.10 2,123.55 - 1,055.5520 Principal Financial Group 06/03/05 12/05/07 1,278.78 786.80 - 491.9850 Quest Diagnostic Inc 06/03/05 01/30/07 2,627.57 2,664.50 - (36.93)40 Quest Diagnostic Inc 09/30/05 01/30/07 2,102.05 2,019.60 - 82.4515 Quest Diagnostic Inc 09/30/05 02/05/07 792.16 757.35 - 34.8120 Questar Corporation 03/01/06 09/26/07 1,027.13 741.50 - 285.6335 Questar Corporation 03/06/06 09/26/07 1,797.48 1,235.15 - 562.33

30 Questar Corporation 03/06/06 12/05/07 1,659.27 1,058.70 - 600.57

40 Rayonier 06/03/05 11/09/07 1,82:3.65 1,439.20 - 384.45

35 Republic Services Inc 06/03/05 12/05/07 1,161.98 843.73 - 318.25

75 Scana Corporation New 06/03/05 06/27/07 2,86:5.70 3,192.00 - (326.30)

50 Scana Corporation New 06/03/05 07/12/07 1,93:3.97 2,128.00 - (194.03)

35 Scana Corporation New 06/03/05 07/17/07 1,347.13 1,489.60 - (142.47)

45 Scana Corporation New 12/05/05 07/17/07 1,732.02 1,806.30 - (74.28)

30 Schein Henry Inc 02/22/06 08/15/07 1,699.98 1,401.90 - 298.08

25 Schein Henry Inc 02/22/06 10/02/07 1,569.57 1,168.25 - 401.32

40 Sigma-Aldrich 06/03/05 08/06/07 1,896.57 1,197.99 - 698.58

35 Sigma-Aldrich 06/03/05 09/13/07 1,553.97 1,048.25 - 505.72

45 Sigma-Aldrich 06/03/05 12/17/07 2,390.90 1,347.74 - 1,043.16

40 Supervalu 08/17/06 12/05/07 1,612.77 1,079.92 - 532.85

6of8





120 T C F Financial Corp 06/03/05 04/25/07 3,182.51 3,056.40 - 126.1150 T C F Financial Corp 06/03/05 05/22/07 1,369.49 1,273.50 - 95.99110 T C F Financial Corp 10/05/05 05/22/07 3,012.86 2,865.50 - 147.3650 T J X Cos Inc 06/03/05 05/30/07 1,375.77 1,129.50 - 246.2735 T. Rowe Price Group Inc 06/03/05 09/07/07 1,736.32 1,047.95 - 688.3735 T. Rowe Price Group Inc 06/03/05 11/27/07 2,010.99 1,047.95 - 963.0430 Teradata Corp 10/13/05 10/02/07 820.49 513.20 - 307.2935 Teradata Corp 11/14/05 10/02/07 957.23 558.56 - 398.6730 Teradata Corp 11/14/05 10/15/07 870.06 478.77 - 391.2920 Teradata Corp 11/14/05 10/15/07 575.34 319.18 - 256.1645 Teradata Corp 07/05/06 10/15/07 1,294.52 867.45 - 427.0730 Tiffany & Co New 06/03/05 04/11/07 1,454.43 962.10 - 492.3310 Tiffany & Co New 06/03/05 05/31/07 538.94 320.70 - 218.2435 Tiffany & Co New 03/06/06 05/31/07 1,886.30 1,271.90 - 614.4040 Tiffany & Co New 03/06/06 08/01/07 1,915.03 1,453.60 - 462.4310 Tiffany & Co New 04/20/06 08/01/07 479.00 367.70 - 111.30

30 Tiffany & Co New 04/20/06 09/12/07 1,502.25 1,103.10 - 399.1515 Tiffany & Co New 04/20/06 10/30/07 79:3.03 551.55 - 241.48

0.564 Total Systems Services 10/02/06 12/31/07 15.03 19.09 - (4.06)

15 V F Corporation 06/03/05 01/30/07 1,122.56 859.35 - 263.21

15 V F Corporation 06/03/05 02/14/07 1,156.83 859.35 - 297.48

30 V F Corporation 06/03/05 03/16/07 2,423.32 1,718.70 - 704.62

10 V F Corporation 06/03/05 04/11/07 854.38 572.90 - 281.48

10 V F Corporation 06/03/05 05/30/07 930.08 572.90 - 357.18

15 V F Corporation 06/03/05 07/16/07 1,417.53 859.35 - 558.18

20 V F Corporation 06/03/05 09/07/07 1,608.50 1,145.80 - 462.70

15 Vornado Realty Trust 09/22/05 03/15/07 1,824.09 1,277.40 - 546.69

20 Vulcan Materials Co 06/03/05 01/19/07 1,931.34 1,202.60 - 728.74

45 Vulcan Materials Co 06/03/05 02/23/07 5,358.77 2,705.85 - 2,652.92

15 Vulcan Materials Co 06/03/05 03/02/07 1,765.14 901.95 - 863.19

7of8


FEIN # 54-1850780


Schedule D-20



5 Vulcan Materials Co 06/03/05 04/17/07 574.74 300.65 - 274.0910 Vulcan Materials Co 06/03/05 05/04/07 1,184.09 601.30 - 582.795 Vulcan Materials Co 06/06/06 07/06/07 570.29 386.31 - 183.98

10 Walter Industries Inc 03/29/06 06/18/07 310.74 324.96 - (14.22)35 Walter Industries Inc 04/07/06 06/18/07 1,087.59 1,197.71 - (110.12)40 Walter Industries Inc 04/20/06 06/18/07 1,242.98 1,390.40 - (147.42)15 Walter Industries Inc 05/03/06 06/18/07 466.11 498.07 - (31.96)10 Walter Industries Inc 05/03/06 08/02/07 252.19 332.05 - (79.86)35 Walter Industries Inc 07/05/06 08/02/07 882.64 958.18 - (75.54)115 Webster Financial Corp 06/03/05 01/23/07 5,722.22 5,456.75 - 265.47

75 Windstream Corporation 06/03/05 07/06/07 1,113.06 786.92 - 326.1425 Zions Bancorp 01/04/06 10/30/07 1,498.47 1,926.86 - (428.39)

35 Zions Bancorp 01/04/06 11/28/07 1,832.57 2,697.60 - (865.03)


TOTAL

315,203.96

395,073.03

255,111.68

341,798.55

- 60,092.28

(6,817.80) 60,092.28

8 of 8





194 99 Cents Only Stores 01/17/07 01/26/07 2,824.57 2,837.70 (13.13) -27 A A R Corporation 10/17/06 01/26/07 743.03 700.75 42.28 -24 A A R Corporation 09/20/06 01/26/07 660.47 615.84 44.63 -20 A A R Corporation 07/28/06 01/26/07 550.39 478.00 72.39 -36 A A R Corporation 09/25/06 01/26/07 990.70 899.64 91.06 -75 A A R Corporation 07/12/06 01/26/07 2,063.95 1,895.48 168.47 -54 A A R Corporation 07/26/06 01/26/07 1,486.05 1,293.30 192.75 -17 A T M I Inc 10/05/06 01/26/07 568.63 514.90 53.73 -15 ATM 1 Inc 08/31/06 01/26/07 501.73 436.65 65.08 -18 ATM I Inc 08/09/06 01/26/07 602.08 495.49 106.59 -21 A T M I Inc 08/18/06 01/26/07 702.43 586.94 115.49 -45 A T M I Inc 07/27/06 01/04/07 1,346.25 1,174.65 171.60 -29 A T M I Inc 08/08/06 01/26/07 970.02 786.54 183.48 -50 A T M I Inc 07/27/06 01/26/07 1,672.45 1,305.16 367.29 -14 Alaska Air Group 01/11/07 01/26/07 565.58 599.59 (34.01) -

22 Alaska Air Group 01/04/07 01/26/07 888.78 921.04 (32.26) -

8 Alaska Air Group 10/04/06 01/26/07 323.19 333.36 (10.17) -

11 Alaska Air Group 07/28/06 01/26/07 444.39 418.82 25.57 -

18 Alaska Air Group 09/21/06 01/26/07 727.18 699.30 27.88 -

1 l Alaska Air Group 09/13/06 01/26/07 444.39 414.20 30.19 -

10 Alaska Air Group 07/25/06 01/26/07 403.99 373.44 30.55 -

14 Alaska Air Group 07/26/06 01/26/07 565.58 525.10 40.48 -

46 Alaska Air Group 12/13/06 01/26/07 1,858.37 1,814.34 44.03 -

29 Alaska Air Group 07/20/06 01/26/07 1,171.57 1,057.19 114.38 -

6 Alexion Pharma 11/10/06 01/26/07 248.64 252.69 (4.05) -

13 Alexion Pharma 11/06/06 01/26/07 538.73 509.89 28.84 -

71 Alexion Pharma 10/17/06 01/26/07 2,942.29 2,751.38 190.91 -

117 Allis Chalmers Energy 12/08/06 01/11/07 2,039.37 2,779.65 (740.28) -

43 Allis Chalmers Energy 12/19/06 01/11/07 749.50 976.96 (227.46) -

28 Allis Chalmers Energy 12/26/06 01/11/07 488.05 660.52 (172.47) -

I of 20


FEIN # 54-1850780


Gain / (Loss)

Date Date Sale Cost


29 Alpharma Inc Cl A 01/23/07 01/26/07 769.34 772.56 (3.22) -

107 Alpharma Inc Cl A 01/19/07 01/26/07 2,838.62 2,772.79 65.83 -

27 America Oriental Bioengineerin 12/27/06 01/26/07 342.35 312.66 29.69 -

40 America Oriental Bioengineerin 11/01/06 01/12/07 526.62 312.40 214.22 -

108 America Oriental Bioengineerin 11/15/06 01/26/07 1,369.41 1,046.61 322.80 -

209 America Oriental Bioengineerin 11/01/06 01/26/07 2,650.05 1,632.29 1,017.76 -

26 Analogic Corp 01/24/07 01/26/07 1,521.36 1,520.39 0.97 -

13 Analogic Corp 12/29/06 01/26/07 760.69 741.55 19.14 -

10 Analogic Corp 06/09/06 01/26/07 585.14 496.79 88.35 -

9 Analogic Corp 08/10/06 01/26/07 526.62 436.49 90.13 -

17 Analogic Corp 07/21/06 01/26/07 994.74 771.85 222.89 -

19 Analogic Corp 07/31/06 01/26/07 1,111.77 860.03 251.74 -

26 Analogic Corp 06/13/06 01/26/07 1,521.36 1,238.60 282.76 -

85 Andrew Corp 01/24/07 01/26/07 926.64 917.19 9.45 -

48 Andrew Corp 12/22/06 01/26/07 523.28 493.97 29.31 -

69 Andrew Corp 12/11/06 01/26/07 752.22 711.96 40.26 -

66 Andrew Corp 10/25/06 01/26/07 719.51 655.38 64.13 -

97 Andrew Corp 11/22/06 01/26/07 1,057.46 975.82 81.64 -

57 Andrew Corp 10/31/06 01/26/07 621.39 527.76 93.63 -

260 Andrew Corp 10/19/06 01/26/07 2,834.43 2,736.27 98.16 -

78 Andrew Corp 11/07/06 01/26/07 850.33 730.63 119.70 -

46 Applebees Intl Inc 12/28/06 01/26/07 1,135.79 1,155.97 (20.18) -



26 Applebees Intl Inc 01/03/07 01/26/07 641.97 636.74 5.23 -

116 Applebees Intl Inc 12/18/06 01/26/07 2,864.19 2,827.35 36.84 -

18 Arbitron Inc 11/20/06 01/26/07 817.72 814.13 3.59 -

11 Arbitron Inc 11/14/06 01/26/07 499.72 491.04 8.68 -

35 Arbitron Inc 12/18/06 01/26/07 1,590.03 1,556.09 33.94 -

63 Arbitron Inc 11/10/06 01/26/07 2,862.06 2,710.58 151.48 -

2 of 20





46 Armor Holdings 01/12/07 01/26/07 2,748.41 2,787.77 (39.36) -87 Arris Group 03/23/06 01/26/07 1,172.72 1,213.48 (40.76) -39 Arris Group 03/02/06 01/26/07 525.70 522.57 3.13 -36 Arris Group 01/26/07 01/26/07 485.26 480.21 5.05 -69 Arris Group 01/11/07 01/26/07 930.09 923.00 7.09 -71 Arris Group 10/26/06 01/26/07 957.05 943.59 13.46 -151 Arris Group 04/27/06 01/26/07 2,035.43 1,924.95 110.48 -63 Arris Group 06/16/06 01/26/07 849.21 737.72 111.49 -42 Biomed Realty Trust 10/27/06 01/26/07 1,239.39 1,343.90 (104 51) -18 Biomed Realty Trust 05/18/06 01/26/07 531.17 516.03 15.14 -18 BJs Wholesale Club Inc 12/05/06 01/26/07 546.64 582.66 (36.02) -23 BJs Wholesale Club Inc 12/27/06 01/26/07 698.50 732.96 (34.46) -22 BJs Wholesale Club Inc 12/14/06 01/26/07 668.12 693.42 (25.30) -15 BJs Wholesale Club Inc 10/03/06 01/26/07 455.54 442.20 13.34 -71 BJs Wholesale Club Inc 09/28/06 01/04/07 2,138.83 2,097.78 41.05 -65 BJs Wholesale Club Inc 09/28/06 01/26/07 1,974.00 1,920.50 53.50 -40 BJs Wholesale Club Inc 10/12/06 01/26/07 1,214.77 1,150.80 63.97 -23 Bob Evans Farms 05/11/06 01/26/07 765.65 698.97 66.68 -19 Bob Evans Farms 06/06/06 01/26/07 632.49 525.78 106.71 -22 Bob Evans Farms 04/28/06 01/26/07 732.36 625.40 106.96 -22 Bob Evans Farms 09/07/06 01/26/07 732.36 624.08 108.28 -30 Bob Evans Farms 09/14/06 01/26/07 998.66 885.30 113.36 -102 Brightpoint 11/16/06 01/11/07 1,106.67 1,334.56 (227.89) -83 Brightpoint 11/15/06 01/11/07 900.52 1,099.91 (199.39) -54 Brightpoint 12/06/06 01/11/07 585.88 761.69 (175.81) -78 Brightpoint 11/15/06 01/09/07 900.13 1,033.65 (133.52) -48 Brightpoint 11/15/06 01/10/07 507.48 636.09 (128.61) -22 Brush Engineered Materials 09/25/06 01/16/07 708.02 538.56 169.46 -30 Brush Engineered Materials 09/19/06 01/16/07 965.47 792.60 172.87 -27 Brush Engineered Materials 08/21/06 01/16/07 868.93 695.14 173.79 -

3 of 20


FEIN # 54-1850780




33 C A C I Inc CIA 09/25/06 01/18/07 1,522.23 1,803.11 (280.88) -17 C A C I Inc Cl A 10/10/06 01/19/07 786.45 964.57 (178.12) -18 C A C I Inc Cl A 10/04/06 01/19/07 832.71 997.79 (165.08) -14 C A C I Inc CIA 09/28/06 01/19/07 647.66 768.91 (121.25) -2 C A C I Inc Cl A 09/28/06 01/18/07 92.26 109.84 (17.58) -13 C A C I Inc Cl A 09/25/06 01/11/07 737.65 710.32 27.33 -

110 Cabelas 10/11/06 01/26/07 2,558.02 2,709.06 (151.04) -46 Cabelas 12/08/06 01/26/07 1,069.72 1,159.66 (89.94) -28 Cabelas 12/15/06 01/26/07 651.13 714.01 (62.88) -29 Cabelas 11/30/06 01/26/07 674.39 716.79 (42.40) -41 Cabelas 11/03/06 01/26/07 953.45 972.71 (19.26) -94 Carters 10/06/06 01/26/07 2,458.03 2,701.18 (243.15) -30 Carters 10/25/06 01/26/07 784.48 858.60 (74.12) -29 Carters 11/15/06 01/26/07 758.34 832.24 (73.90) -17 CCE Spinco 01/09/07 01/26/07 414.80 397.25 17.55 -30 CCE Spinco 01/04/07 01/26/07 731.99 699.00 32.99 -35 CCE Spinco 12/14/06 01/26/07 853.98 797.65 56.33 -

58 CCE Spinco 12/13/06 01/26/07 1,415.17 1,318.31 96.86 -154 CCE Spinco 12/05/06 01/26/07 3,757.52 3,630.04 127.48 -

58 Central Garden & Pet Inc 12/13/06 01/26/07 2,549.60 2,739.41 (189.81) -

48 Ceradyne 12/28/06 01/26/07 2,517.04 2,820.58 (303.54) -

22 Ceradyne 01/09/07 01/26/07 1,153.64 1,340.81 (187.17) -

21 Ceradyne 01/03/07 01/26/07 1,101.21 1,207.90 (106.69) -

12 Clean Harbors Inc 12/27/06 01/26/07 618.20 576.36 41.84 -





20 Clean Harbors Inc 08/24/06 01/26/07 1,030.33 816.14 214.19 -


4 of 20





18 Clean Harbors Inc 06/14/06 01/26/07 927.29 646.02 281.27 -22 Clean Harbors Inc 06/28/06 01/26/07 1,133.36 842.12 291.24 -23 Clean Harbors Inc 05/30/06 01/26/07 1,184.88 870.09 314.79 -13 Cleveland Cliffs Inc 01/11/07 01/26/07 678.97 635.55 43.42 -13 Cleveland Cliffs Inc 12/11/06 01/26/07 678.97 624.39 54.58 -25 Cleveland Cliffs Inc 12/26/06 01/26/07 1,305.72 1,171.25 134.47 -57 Cleveland Cliffs Inc 11/30/06 01/26/07 2,977.04 2,743.87 233.17 -19 Compass Minerals 11/09/06 01/26/07 589.93 615.41 (25.48) -26 Compass Minerals 11/01/06 01/26/07 807.29 816.56 (9.27) -31 Compass Minerals 10/31/06 01/26/07 962.53 962.98 (0.45) -49 Compass Minerals 10/11/06 01/26/07 1,521.41 1,449.49 71.92 -35 Comstock Res Inc New 04/12/06 01/26/07 1,067.82 1,111.65 (43.83) -14 Comstock Res Inc New 06/16/06 01/26/07 427.13 371.81 55.32 -71 Comstock Res Inc New 03/15/06 01/26/07 2,166.14 2,019.95 146.19 -7 Corporate Office Properties Tr 06/09/06 01/26/07 370.08 293.86 76.22 -

13 Corporate Office Properties Tr 06/06/06 01/26/07 687.29 533.36 153.93 -26 Delphi Financial Group CIA 12/15/06 01/26/07 1,005.66 1,056.09 (50.43) -

10.5 Delphi Financial Group Cl A 05/19/06 01/26/07 406.13 362.67 43.46 -12 Delphi Financial Group CIA 05/25/06 01/26/07 464.15 419.66 44.49 -19 Dominos Pizza Inc 10/05/06 01/26/07 543.00 513.00 30.00 -30 Dominos Pizza Inc 03/14/06 01/26/07 857.38 824.10 33.28 -22 Dominos Pizza Inc 09/28/06 01/26/07 628.74 564.08 64.66 -42 Dominos Pizza Inc 09/14/06 01/26/07 1,200.33 1,071.42 128.91 -55 Dominos Pizza Inc 01/27/06 01/26/07 1,571.88 1,392.86 179.02 -99 E C I Telecom Ltd Ord 12/11/06 01/26/07 903.84 869.38 34.46 -

320 E C I Telecom Ltd Ord 12/06/06 01/26/07 2,921.51 2,824.74 96.77 -24 Efunds Corporation 12/27/06 01/26/07 643.18 673.44 (30.26) -20 Efunds Corporation 12/15/06 01/26/07 535.98 555.93 (19.95) -20 Efunds Corporation 11/13/06 01/26/07 535.98 514.00 21.98 -24 Efunds Corporation 10/11/06 01/26/07 643.18 604.08 39 10 -

5 of 20


FEIN # 54-1850780




28 Efunds Corporation 10/06/06 01/26/07 750.38 706.19 44.19 -24 Efunds Corporation 09/28/06 01/26/07 643.18 585.83 57.35 -36 Efunds Corporation 09/12/06 01/26/07 961.89 884.67 77.22 -32 Efunds Corporation 09/20/06 01/26/07 857.57 777.02 80.55 -71 Efunds Corporation 09/12/06 01/26/07 1,902.75 1,744.78 157.97 -31 El Paso Electric Co New 07/24/06 01/26/07 737.48 688.51 48.97 -36 El Paso Electric Co New 08/09/06 01/26/07 856.42 804.96 51.46 -65 El Paso Electric Co New 01/26/06 01/26/07 1,546.31 1,341.60 204.71 -

19 Emulex Corp New 11/15/06 01/26/07 332.68 395.96 (63.28) -23 Emulex Corp New 10/25/06 01/26/07 402.72 450.57 (47.85) -

15 Emulex Corp New 10/05/06 01/26/07 262.64 284.24 (21.60) -35 Emulex Corp New 09/18/06 01/26/07 612.84 633.85 (21.01) -

35 Emulex Corp New 09/13/06 01/26/07 612.83 629.29 (16.46) -

25 Emulex Corp New 09/07/06 01/26/07 437.74 430.69 7.05 -20 Emulex Corp New 09/07/06 01/25/07 378.59 344.55 34.04 -

131 Emulex Corp New 08/31/06 01/25/07 2,479.72 2,287.26 192.46 -

40 First Midwest Bancorp 03/21/06 01/26/07 1,476.91 1,481.51 (4.60) -

14 First Midwest Bancorp 06/13/06 01/26/07 516.92 507.24 9.68 -



59 First Midwest Bancorp 03/10/06 01/26/07 2,178.44 2,128.88 49.56 -

70 First Potomac Realty Trust 08/29/06 01/26/07 2,090.85 2,137.40 (46.55) -

17 First Potomac Realty Trust 10/23/06 01/26/07 507.78 532.26 (24.48) -



48 Foundry Networks 12/26/06 01/26/07 674.86 708.00 (33.14) -

61 Foundry Networks 11/27/06 01/26/07 857.63 879.13 (21.50) -

30 Foundry Networks 11/16/06 01/26/07 421.79 420.81 0.98 -

99 Foundry Networks 10/09/06 01/26/07 1,391.90 1,351.25 40.65 -

92 Foundry Networks 10/06/06 01/26/07 1,293.48 1,249.35 44.13 -

6 of 20


FEIN # 54-1850780




71 Foundry Networks 10/25/06 01/26/07 998.23 915.96 82.27 -201 Foundry Networks 10/03/06 01/26/07 2,825.97 2,588.06 237.91 -33 FTI Consulting Incorporated 06/12/06 01/26/07 877.44 894.30 (16.86) -16 FTI Consulting Incorporated 06/07/06 01/26/07 425.43 424.90 0.53 -35 FTI Consulting Incorporated 10/17/06 01/26/07 930.62 900.42 30.20 -54 FTI Consulting Incorporated 09/13/06 01/26/07 1,435.81 1,323.89 111.92 -98 Fuller H B Co 01/12/07 01/26/07 2,442.08 2,915.73 (473.65) -37 Gartner 11/13/06 01/26/07 786.59 726.98 59.61 -58 Gartner 09/26/06 01/26/07 1,233.04 1,013.82 219.22 -154 Gartner 09/22/06 01/26/07 3,273.94 2,630.89 643.05 -

4 Genesis Healthcare 10/03/06 01/19/07 244.79 190.02 54.77 -15 Genesis Healthcare 01/11/07 01/24/07 918.77 753.38 165.39 -14 Genesis Healthcare 10/03/06 01/24/07 857.52 665.06 192.46 -16 Genesis Healthcare 10/10/06 01/24/07 980.03 787.19 192.84 -14 Genesis Healthcare 09/01/06 01/17/07 857.75 643.85 213.90 -16 Genesis Healthcare 09/01/06 01/19/07 979.16 735.83 243.33 -20 Genesis Healthcare 08/15/06 01/16/07 1,226.96 905.11 321.85 -27 Genesis Healthcare 09/20/06 01/19/07 1,652.34 1,259.52 392.82 -

36 Genesis Healthcare 08/15/06 01/17/07 2,205.66 1,629.19 576.47 -

19 GFI Group 12/29/06 01/26/07 1,170.27 1,201.51 (31.24) -

17 GFI Group 11/16/06 01/26/07 1,047.09 1,002.96 44.13 -

13 GFI Group 05/17/06 01/26/07 800.72 743.04 57.68 -

10 GFI Group 09/14/06 01/26/07 615.93 536.27 79.66 -

16 GFI Group 09/27/06 01/26/07 985.49 894.31 91.18 -

23 GFI Group 04/19/06 01/26/07 1,416.61 1,297.20 119.41 -

23 GFI Group 02/15/06 01/26/07 1,416.65 1,265.53 151.12 -

21 GFI Group 03/07/06 01/26/07 1,293.46 1,086.31 207.15 -

24 Glatfelter 12/26/06 01/26/07 378.47 367.37 11.10 -

51 Glatfelter 11/16/06 01/26/07 804.25 757.75 46.50 -

107 Glatfelter 10/04/06 01/26/07 1,687.36 1,447.50 239.86 -

7 of 20





182 Glatfelter 08/30/06 01/26/07 2,870.09 2,617.14 252.95 -14 Goodrich Petroleum 01/23/07 01/26/07 498.39 494.19 4.20 -82 Goodrich Petroleum 01/12/07 01/26/07 2,919.15 2,885.24 33.91 -72 Greater Bay Bancorp 05/15/06 01/26/07 1,881.59 2,083.17 (201.58) -24 Greater Bay Bancorp 06/08/06 01/26/07 627.20 709.08 (81.88) -24 Greater Bay Bancorp 05/22/06 01/26/07 627.20 702.68 (75.48) -18 Greater Bay Bancorp 05/31/06 01/26/07 470.39 530.76 (60.37) -16 Greater Bay Bancorp 05/23/06 01/26/07 418.13 464.92 (46.79) -27 Griffon Corp 12/27/06 01/26/07 691.72 698.72 (7.00) -

44 Griffon Corp 03/17/06 01/26/07 1,127.24 1,094.45 32.79 -42 Griffon Corp 02/24/06 01/26/07 1,076.01 988.76 87.25 -14 Haemonetics 02/23/06 01/26/07 680.80 730.80 (50.00) -22 Haemonetics 01/31/06 01/26/07 1,069.83 1,117.93 (48.10) -12 Haemonetics 03/16/06 01/26/07 583.54 630.60 (47.06) -18 Haemonetics 10/09/06 01/26/07 875.31 865.98 9.33 -

193 Harris & Harris 11/30/06 01/26/07 2,147.25 2,813.42 (666.17) -19 Hydril 11/02/06 01/10/07 1,287.82 1,199.90 87.92 -12 Hydril 09/28/06 01/10/07 813.36 684.00 129.36 -13 Hydril 09/28/06 01/04/07 911.74 740.99 170.75 -21 I P C Holdings Ltd Ord 10/06/06 01/26/07 621.66 651.15 (29.49) -42 I P C Holdings Ltd Ord 09/28/06 01/26/07 1,243.33 1,271.49 (28.16) -20 I P C Holdings Ltd Ord 10/03/06 01/26/07 592.06 615.00 (22.94) -

25 I P C Holdings Ltd Ord 11/27/06 01/26/07 740.08 752.00 (11.92) -

16 I P C Holdings Ltd Ord 09/18/06 01/26/07 473.65 473.58 0.07 -

28 I P C Holdings Ltd Ord 09/13/06 01/26/07 828.88 811.99 16.89 -

89 I P C Holdings Ltd Ord 09/11/06 01/26/07 2,634.68 2,585.45 49.23 -

21 International Securities Excha 01/09/07 01/26/07 938.70 971.19 (32.49) -




8 of 20





14 International Securities Excha 08/22/06 01/26/07 625.78 626.36 (0.58) -21 International Securities Excha 04/28/06 01/26/07 938.68 931.32 7.36 -12 International Securities Excha 09/14/06 01/26/07 536.38 522.82 13.56 -9 International Securities Excha 07/27/06 01/26/07 402.29 361.41 40.88 -

15 International Securities Excha 06/19/06 01/26/07 670.48 545.74 124.74 -64 Investment Tech Grp New 12/21/06 01/26/07 2,742.31 2,756.31 (14.00) -30 Investment Tech Grp New 01/10/07 01/26/07 1,285.46 1,292.68 (7.22) -13 Investment Tech Grp New 12/22/06 01/26/07 557.03 561.34 (4.31) -23 Itron Inc New 04/26/06 01/26/07 1,289.72 1,596.04 (306.32) -12 Itron Inc New 04/12/06 01/26/07 672.90 743.62 (70.72) -18 Itron Inc New 08/31/06 01/26/07 1,009.35 995.58 13.77 -8 Itron Inc New 09/07/06 01/26/07 448.61 430.16 18.45 -

16 Itron Inc New 01/09/07 01/26/07 897.20 878.18 19.02 -11 Itron Inc New 08/16/06 01/26/07 616.83 550.89 65.94 -13 Itron Inc New 02/09/06 01/26/07 728.98 649.22 79.76 -24 Jarden Corp 09/07/06 01/26/07 872.85 734.63 138.22 -26 Jarden Corp 08/25/06 01/26/07 945.59 769.86 175.73 -44 Jarden Corp 09/13/06 01/26/07 1,600.23 1,408.73 191.50 -55 Jarden Corp 08/07/06 01/26/07 2,000.30 1,643.73 356.57 -8 Kaydon Corporation 05/18/06 01/26/07 328.71 328.16 0.55 -

22 Kaydon Corporation 08/30/06 01/26/07 903.95 844.84 59.11 -38 Kaydon Corporation 03/13/06 01/26/07 1,561.37 1,416.24 145.13 -34 Kaydon Corporation 03/03/06 01/26/07 1,397.02 1,221.27 175.75 -54 Kaydon Corporation 03/10/06 01/26/07 2,218.79 2,014.20 204.59 -20 Kirby Corporation 11/17/06 01/04/07 677.84 724.19 (46.35) -12 Kirby Corporation 06/15/06 01/04/07 406.71 410.52 (3.81) -16 Kirby Corporation 10/11/06 01/04/07 542.27 525.76 16.51 -18 Kirby Corporation 03/21/06 01/04/07 610.06 589.41 20.65 -38 Kirby Corporation 10/06/06 01/04/07 1,287.90 1,230.82 57.08 -18 Lasalle Hotel Pptys 11/22/06 01/26/07 849.94 810.56 39.38 -

9 of 20





15 Lasalle Hotel Pptys 05/15/06 01/26/07 708.28 649.35 58.93 -57 Lasalle Hotel Pptys 04/21/06 01/26/07 2,691.47 2,477.97 213.50 -48 Lasalle Hotel Pptys 04/13/06 01/26/07 2,266.50 1,996.79 269.71 -56 Ligand Pharm Inc Cl B 10/24/06 01/26/07 676.01 658.00 18.01 -68 Ligand Pharm Inc Cl B 11/09/06 01/26/07 820.87 769.89 50.98 -106 Ligand Pharm Inc Cl B 10/18/06 01/26/07 1,279.59 1,217.89 61.70 -252 Ligand Pharm Inc Cl B 10/16/06 01/26/07 3,042.05 2,751.46 290.59 -54 Lions Gate Entertainment 11/15/06 01/26/07 575.09 582.44 (7.35) -49 Lions Gate Entertainment 10/30/06 01/26/07 521.84 495.17 26.67 -66 Lions Gate Entertainment 11/06/06 01/26/07 702.89 675.77 27.12 -63 Lions Gate Entertainment 11/10/06 01/26/07 670.94 639.45 31.49 -76 Lions Gate Entertainment 10/24/06 01/26/07 809.38 760.75 48.63 -

252 Lions Gate Entertainment 09/25/06 01/26/07 2,683.73 2,597.34 86.39 -18 Longs Drug Stores Cp MD 01/23/07 01/26/07 782.98 778.49 4.49 -66 Longs Drug Stores Cp MD 01/11/07 01/26/07 2,870.95 2,817.76 53.19 -184 M K S Instruments Inc 12/20/06 01/26/07 4,066.26 4,150.06 (83.80) -31 MKS Instruments Inc 01/09/07 01/26/07 685.08 712.83 (27.75) -49 M K S Instruments Inc 01/05/07 01/26/07 1,082.87 1,109.95 (27.08) -20 M K S Instruments Inc 12/28/06 01/26/07 441.99 458.65 (16.66) -17 MKS Instruments Inc 12/26/06 01/26/07 375.69 381.24 (5.55) -27 Macrovision Corp 10/18/06 01/26/07 677.55 726.84 (49.29) -20 Macrovision Corp 11/06/06 01/26/07 501.88 546.96 (45.08) -12 Macrovision Corp 11/14/06 01/26/07 301.13 332.37 (31.24) -37 Macrovision Corp 10/05/06 01/26/07 928.49 925.74 2.75 -25 Macrovision Corp 09/28/06 01/26/07 627.36 600.99 26.37 -42 Macrovision Corp 09/25/06 01/26/07 1,053.96 994.90 59.06 -112 Macrovision Corp 09/22/06 01/26/07 2,810.56 2,624.79 185.77 -48 Mentor Graphics Corp 01/09/07 01/26/07 883.17 899.99 (16.82) -31 Mentor Graphics Corp 12/27/06 01/26/07 570.38 560.79 9.59 -24 Mentor Graphics Corp 11/29/06 01/26/07 441.59 402.66 38.93 -

10 of 20


FEIN # 54-1850780




61 Mentor Graphics Corp 11/17/06 01/26/07 1,122.36 1,068.16 54.20 -161 Mentor Graphics Corp 11/01/06 01/26/07 2,962.31 2,713.41 248.90 -12 Mid America Apartment Communit 08/17/06 01/26/07 715.18 713.87 1.31 -7 Mid America Apartment Communit 06/09/06 01/26/07 417.19 389.48 27.71 -7 Mid America Apartment Communit 06/20/06 01/26/07 417.19 382.13 35.06 -

10 Mid America Apartment Communit 06/06/06 01/26/07 595.99 540.54 55.45 -15 Mid America Apartment Communit 05/11/06 01/26/07 893.98 801.45 92.53 -24 Mid America Apartment Communit 06/02/06 01/26/07 1,430.36 1,278.80 151.56 -23 Neustar 10/12/06 01/26/07 717.82 701.50 16.32 -26 Neustar 09/25/06 01/26/07 811.44 722.27 89.17 -30 Neustar 10/02/06 01/26/07 936.28 829.50 106.78 -96 Neustar 09/22/06 01/26/07 2,996.11 2,762.16 233.95 -19 NICE Systems ADR 11/01/06 01/26/07 618.47 580.44 38.03 -32 NICE Systems ADR 05/18/06 01/26/07 1,041.63 882.54 159.09 -54 NICE Systems ADR 05/11/06 01/26/07 1,757.75 1,521.44 236.31 -100 NICE Systems ADR 04/28/06 01/26/07 3,255.10 2,702.65 552.45 -25 Oil States International 04/19/06 01/26/07 697.49 1,019.88 (322.39) -23 Oil States International 08/03/06 01/26/07 641.68 764.06 (122.38) -33 Oil States International 11/16/06 01/26/07 920.67 1,007.72 (87.05) -70 ON Semiconductor 12/15/06 01/26/07 594.42 545.93 48.49 -60 ON Semiconductor 12/12/06 01/26/07 509.50 452.92 56.58 -105 ON Semiconductor 01/08/07 01/26/07 891.63 829.50 62.13 -97 ON Semiconductor 12/21/06 01/26/07 823.69 720.70 102.99 -

286 ON Semiconductor 12/07/06 01/26/07 2,428.63 2,139.28 289.35 -214 ON Semiconductor 09/13/06 01/26/07 1,817.23 1,312.12 505.11 -415 ON Semiconductor 09/12/06 01/26/07 3,524.09 2,556.40 967.69 -117 Owens &Minor Inc Hldg Co 01/23/07 01/26/07 3,794.21 3,906.96 (112.75) -102 Pan American Silver 01/25/07 01/26/07 2,841.83 2,809.40 32.43 -

7 Petroleum Development 12/14/06 01/26/07 348.69 316.54 32.15 -18 Petroleum Development 11/13/06 01/26/07 896.63 794.59 102.04 -

11 of 20





61 Petroleum Development 10/25/06 01/26/07 3,038.58 2,813.96 224.62 -9 Pinnacle Entertainment 05/25/06 01/26/07 301.31 282.75 18.56 -14 Pinnacle Entertainment 11/15/06 01/26/07 468.71 446.03 22.68 -9 Pinnacle Entertainment 03/10/06 01/26/07 301.31 245.34 55.97 -

25 Pinnacle Entertainment 05/23/06 01/26/07 836.97 766.25 70.72 -39 Pinnacle Entertainment 06/08/06 01/26/07 1,305.70 1,193.23 112.47 -28 Pinnacle Entertainment 09/19/06 01/26/07 937.41 782.05 155.36 -6 Polycom Inc 08/17/06 01/04/07 190.39 143.78 46.61 -

15 Polycom Inc 09/27/06 01/11/07 479.48 376.48 103.00 -16 Polycom Inc 08/31/06 01/11/07 511.45 388.64 122.81 -15 Polycom Inc 08/24/06 01/09/07 469.39 345.60 123.79 -23 Polycom Inc 09/21/06 01/11/07 735.21 563.32 171.89 -30 Polycom Inc 08/31/06 01/09/07 938.79 728.70 210.09 -34 Polycom Inc 09/15/06 01/11/07 1,086.84 839.12 247.72 -41 Polycom Inc 08/24/06 01/04/07 1,301.05 944.64 356.41 -25 Polymedica Corporation 03/17/06 01/26/07 960.47 1,073.95 (113.48) -18 Polymedica Corporation 09/14/06 01/26/07 691.54 753.11 (61.57) -10 Polymedica Corporation 10/09/06 01/26/07 384.19 424.19 (40.00) -12 Polymedica Corporation 08/18/06 01/26/07 461.03 493.12 (32.09) -8 Polymedica Corporation 08/30/06 01/26/07 307.35 323.59 (16.24) -

11 Polymedica Corporation 02/09/06 01/26/07 422.61 437.91 (15.30) -12 Polymedica Corporation 07/27/06 01/26/07 461.03 465.34 (4.31) -28 Polymedica Corporation 06/16/06 01/26/07 1,075.71 1,020.32 55.39 -76 Potlatch Corporation 01/12/07 01/26/07 3,566.59 3,641.80 (75.21) -24 Potlatch Corporation 01/16/07 01/26/07 1,126.28 1,154.40 (28.12) -19 Potlatch Corporation 01/25/07 01/26/07 891.64 903.63 (11.99) -19 Proassurance Corporation 03/02/06 01/26/07 960.42 1,002.98 (42.56) -7 Proassurance Corporation 08/17/06 01/26/07 353.84 357.87 (4.03) -16 Psychiatric Solution New 08/08/06 01/26/07 595.72 501.46 94.26 -26 Psychiatric Solution New 10/30/06 01/26/07 968.05 864.75 103.30 -

12 of 20





10 Ralcorp Holdings Inc New 01/12/07 01/26/07 542.28 531.48 10.80 -16 Ralcorp Holdings Inc New 01/04/07 01/26/07 867.66 819.15 48.51 -16 Ralcorp Holdings Inc New 12/15/06 01/26/07 867.66 810.78 56.88 -28 Ralcorp Holdings Inc New 12/07/06 01/26/07 1,518.40 1,429.18 89.22 -55 Ralcorp Holdings Inc New 12/01/06 01/26/07 2,982.59 2,773.09 209.50 -39 Randgold Resources ADR 06/01/06 01/26/07 899.08 758.16 140.92 -50 Randgold Resources ADR 03/03/06 01/26/07 1,152.66 888.51 264.15 -4 RTI International Metals 10/24/06 01/04/07 293.37 234.76 58.61 -9 RTI International Metals 11/01/06 01/05/07 645.79 558.45 87.34 -

14 RTI International Metals 10/24/06 01/05/07 1,004.56 821.65 182.91 -11 RTI International Metals 10/13/06 01/04/07 806.77 561.55 245.22 -83 Semtech Corp 01/09/07 01/26/07 1,099.05 1,103.88 (4.83) -39 Semtech Corp 12/22/06 01/26/07 516.42 501.32 15.10 -65 Semtech Corp 12/26/06 01/26/07 860.70 841.63 19.07 -117 Semtech Corp 12/07/06 01/26/07 1,549.26 1,501.55 47.71 -213 Semtech Corp 12/01/06 01/26/07 2,820.46 2,754.45 66.01 -47 Silicon Image Inc 10/09/06 01/25/07 575.26 641.55 (66.29) -27 Silicon Image Inc 10/05/06 01/25/07 330.47 361.27 (30.80) -46 Silicon Image Inc 09/15/06 01/25/07 563.02 590.79 (27.77) -55 Silicon Image Inc 09/12/06 01/25/07 673.19 694.47 (21.28) -9 Silicon Image Inc 09/07/06 01/25/07 110.16 109.40 0.76 -

103 Silicon Image Inc 09/25/06 01/25/07 1,260.70 1,232.90 27.80 -87 Silicon Vy Bancshs Inc 11/20/06 01/26/07 4,026.23 4,199.74 (173.51) -34 Silicon Vy Bancshs Inc 12/18/06 01/26/07 1,573.47 1,579.61 (6.14) -23 Sina Corporation 01/03/07 01/26/07 816.08 686.48 129.60 -27 Sina Corporation 12/11/06 01/26/07 958.01 781.34 176.67 -31 Sina Corporation 11/14/06 01/26/07 1,099.95 911.08 188.87 -44 Sina Corporation 11/03/06 01/17/07 1,491.57 1,226.71 264.86 -41 Sina Corporation 11/07/06 01/26/07 1,454.77 1,146.35 308.42 -56 Sina Corporation 11/13/06 01/26/07 1,986.98 1,633.50 353.48 -

13 of 20


FEIN # 54-1850780




50 Sina Corporation 11/03/06 01/26/07 1,774.11 1,393.99 380.12 -15 Sirona Dental Systems 12/08/06 01/26/07 620.86 620.89 (0.03) -10 Sirona Dental Systems 10/25/06 01/26/07 413.91 374.78 39.13 -16 Sirona Dental Systems 11/07/06 01/26/07 662.25 573.73 88.52 -19 Sirona Dental Systems 10/30/06 01/26/07 786.42 697.87 88.55 -90 Sirona Dental Systems 10/25/06 01/26/07 3,725.18 3,366.99 358.19 -

1 Skechers USA A 03/30/06 01/25/07 35.00 24.58 10.42 -11 Skechers USA A 10/04/06 01/26/07 380.37 279.06 101.31 -20 Skechers USA A 05/17/06 01/26/07 691.58 509.00 182.58 -22 Skechers USA A 03/15/06 01/05/07 718.33 470.98 247.35 -19 Skechers USA A 03/15/06 01/25/07 664.97 406.76 258.21 -42 Skechers USA A 04/27/06 01/26/07 1,452.31 1,152.48 299.83 -32 Skechers USA A 09/13/06 01/26/07 1,106.53 787.17 319.36 -81 Skechers USA A 03/30/06 01/26/07 2,800.89 1,990.96 809.93 -78 Strategic Hotel Capital 04/10/06 01/26/07 1,634.85 1,792.44 (157.59) -24 Strategic Hotel Capital 03/09/06 01/26/07 503.02 547.27 (44.25) -26 Strategic Hotel Capital 12/18/06 01/26/07 544.94 562.09 (17.15) -36 Strategic Hotel Capital 06/06/06 01/26/07 754.54 738.59 15.95 -11 Techne Corp Common 01/10/07 01/26/07 660.97 625.24 35.73 -14 Techne Corp Common 09/25/06 01/26/07 841.23 710.18 131.05 -19 Techne Corp Common 10/06/06 01/26/07 1,141.67 1,000.64 141.03 -20 Techne Corp Common 10/09/06 01/26/07 1,201.76 1,055.59 146.17 -16 Techne Corp Common 09/14/06 01/26/07 961.41 813.27 148.14 -25 Techne Corp Common 09/05/06 01/26/07 1,497.20 1,261.62 235.58 -27 Techne Corp Common 09/05/06 01/26/07 1,622.39 1,362.55 259.84 -107 Tekelec 11/20/06 01/26/07 1,622.07 1,736.20 (114.13) -138 Tekelec 11/02/06 01/26/07 2,092.01 2,155.15 (63.14) -37 Tekelec 01/11/07 01/26/07 560.90 574.24 (13.34) -51 Tekelec 10/31/06 01/26/07 773.14 750.21 22.93 -187 Tekelec 10/20/06 01/26/07 2,834.83 2,762.16 72.67 -

14 of 20



Schedule D-21



36 Tenneco 01/24/07 01/26/07 945.70 952.23 (6.53) -33 Tenneco 01/22/07 01/26/07 866.89 860.29 6.60 -33 Tenneco 12/28/06 01/26/07 866.89 834.12 32.77 -31 Tenneco 12/12/06 01/26/07 814.35 777.02 37.33 -24 Tenneco 09/14/06 01/26/07 630.47 573.11 57.36 -22 Tenneco 06/13/06 01/26/07 577.92 518.32 59.60 -38 Tenneco 04/12/06 01/26/07 998.23 909.72 88.51 -29 Tenneco 02/08/06 01/26/07 761.82 627.69 134.13 -35 Tenneco 02/16/06 01/26/07 919.43 775.25 144.18 -24 THQ Inc. 01/11/07 01/26/07 739.90 798.72 (58.82) -21 THQ Inc. 12/26/06 01/26/07 647.41 672.92 (25.51) -18 THQ Inc. 04/18/06 01/26/07 554.92 499.07 55.85 -10 THQ Inc. 05/11/06 01/26/07 308.29 235.40 72.89 -31 THQ Inc. 03/22/06 01/26/07 955.70 795.68 160.02 -29 THQ Inc. 06/21/06 01/26/07 894.04 639.74 254.30 -26 Tower Group 06/05/06 01/10/07 727.56 817.18 (89.62) -16 Tower Group 05/30/06 01/10/07 447.72 506.80 (59.08) -14 Tower Group 09/21/06 01/26/07 458.91 461.33 (2.42) -17 Tower Group 09/14/06 01/26/07 557.24 502.12 55.12 -31 Tower Group 06/29/06 01/26/07 1,016.15 917.58 98.57 -36 Tower Group 08/30/06 01/26/07 1,180.04 1,046.05 133.99 -24 Transaction Systems Cl A 09/26/06 01/26/07 849.33 882.62 (33.29) -20 Transaction Systems CIA 11/17/06 01/26/07 707.78 692.51 15.27 -29 Transaction Systems Cl A 01/11/07 01/26/07 1,026.28 1,005.72 20.56 -30 Transaction Systems Cl A 01/08/07 01/26/07 1,061.67 1,028.53 33.14 -34 Transaction Systems Cl A 11/15/06 01/26/07 1,203.22 1,107.58 95.64 -23 Tween Brands 11/30/06 01/22/07 797.51 970.14 (172.63) -5 Tween Brands 10/09/06 01/22/07 173.37 197.65 (24.28) -7 Tween Brands 04/04/06 01/22/07 242.72 244.44 (1.72) -8 Tween Brands 03/10/06 01/10/07 280.24 256.30 23.94 -

15 of 20





14 Tween Brands 03/10/06 01/22/07 485.44 448.53 36.91 -30 Tween Brands 03/17/06 01/22/07 1,040.24 983.13 57.11 -22 Tween Brands 02/15/06 01/10/07 770.67 681.11 89.56 -15 Unisource Energy 07/25/06 01/26/07 560.53 494.50 66.03 -23 Unisource Energy 06/21/06 01/26/07 859.49 704.92 154.57 -26 Unisource Energy 06/16/06 01/26/07 971.60 802.88 168.72 -83 Unisource Energy 06/14/06 01/26/07 3,101.64 2,515.69 585.95 -22 United Therapeutics Corp 10/24/06 01/26/07 1,243.84 1,367.28 (123.44) -12 United Therapeutics Corp 11/01/06 01/26/07 678.46 728.28 (49.82) -37 United Therapeutics Corp 10/18/06 01/26/07 2,091.91 2,108.60 (16.69) -10 Vail Resorts Inc 03/21/06 01/26/07 450.29 379.89 70.40 -12 Vail Resorts Inc 08/22/06 01/26/07 540.34 448.08 92.26 -20 Vail Resorts Inc 03/21/06 01/19/07 857.38 759.77 97.61 -26 Vail Resorts Inc 04/03/06 01/26/07 1,170.75 1,015.49 155.26 -42 Vail Resorts Inc 05/04/06 01/26/07 1,891.22 1,622.46 268.76 -0.5 Varian Semicon Equipment 01/25/06 01/03/07 22.78 16.93 5.85 -

1 Varian Semicon Equipment 02/17/06 01/08/07 46.12 34.26 11.86 -16 Varian Semicon Equipment 11/08/06 01/08/07 737.95 615.47 122.48 -

12.5 Varian Semicon Equipment 02/17/06 01/04/07 560.29 428.29 132.00 -10 Varian Semicon Equipment 01/06/06 01/03/07 455.62 315.61 140.01 -

22.5 Varian Semicon Equipment 01/09/06 01/03/07 1,025.15 732.42 292.73 -35.5 Varian Semicon Equipment 01/25/06 01/04/07 1,591.22 1,202.12 389.10 -33 Varian Semicon Equipment 04/28/06 01/08/07 1,522.03 1,000.11 521.92 -6 Ventiv Health 03/20/06 01/04/07 207.78 191.17 16.61 -7 Ventiv Health 08/08/06 01/26/07 245.86 210.09 35.77 -14 Ventiv Health 12/06/06 01/26/07 491.72 449.44 42.28 -9 Ventiv Health 06/16/06 01/26/07 316.11 257.17 58.94 -15 Ventiv Health 08/23/06 01/26/07 526.84 461.52 65.32 -21 Ventiv Health 03/15/06 01/04/07 727.25 659.55 67.70 -29 Ventiv Health 11/16/06 01/26/07 1,018.57 911.02 107.55 -

16 of 20





21 Ventiv Health 05/11/06 01/26/07 737.58 617.19 120.39 -36 Ventiv Health 03/30/06 01/26/07 1,264.42 1,140.22 124.20 -22 Ventiv Health 06/19/06 01/26/07 772.71 609.13 163.58 -66 Ventiv Health 03/20/06 01/26/07 2,318.11 2,102.82 215.29 -80 VeraSunEnergy 11/29/06 01/17/07 1,406.32 2,131.29 (724.97) -43 VeraSun Energy 12/06/06 01/17/07 755.90 994.16 (238.26) -22 VeraSun Energy 12/01/06 01/17/07 386.74 533.06 (146.32) -32 Verigy 01/09/07 01/26/07 607.16 615.74 (8.58) -72 Verigy 01/05/07 01/26/07 1,366.12 1,319.00 47.12 -77 Verigy 12/11/06 01/26/07 1,460.99 1,383.38 77.61 -157 Verigy 12/07/06 01/26/07 2,978.91 2,817.98 160.93 -12 W M S Industries Inc 09/21/06 01/26/07 483.71 362.37 121.34 -17 W M S Industries Inc 08/18/06 01/26/07 685.25 461.89 223.36 -18 W M S Industries Inc 07/14/06 01/26/07 725.56 454.11 271.45 -25 W M S Industries Inc 07/31/06 01/26/07 1,007.72 665.25 342.47 -24 W M S Industries Inc 07/21/06 01/26/07 967.41 604.08 363.33 -33 W M S Industries Inc 07/18/06 01/26/07 1,330.19 864.67 465.52 -43 W M S Industries Inc 07/14/06 01/18/07 1,657.86 1,084.82 573.04 -24 Waddell & Reed Finl Cl A 12/27/06 01/26/07 623.02 657.84 (34.82) -42 Waddell & Reed Finl CIA 12/18/06 01/26/07 1,090.30 1,113.41 (23.11) -22 Waddell & Reed Finl CIA 08/22/06 01/26/07 571.10 498.08 73.02 -38 Waddell & Reed Finl Cl A 03/31/06 01/26/07 986.46 884.64 101.82 -36 Waddell & Reed Finl Cl A 02/01/06 01/26/07 934.54 811.08 123.46 -46 Waddell & Reed Finl Cl A 02/17/06 01/26/07 1,194.13 1,019.64 174.49 -16 Washington Grp Intl New 09/05/06 01/26/07 914.48 955.52 (41.04) -8 Washington Grp Intl New 10/12/06 01/26/07 457.25 489.84 (32.59) -9 Washington Grp Intl New 05/11/06 01/26/07 514.39 544.32 (29.93) -3 Washington Grp Intl New 07/07/06 01/26/07 171.46 168.04 3.42 -10 Washington Grp Intl New 06/16/06 01/26/07 571.55 513.50 58.05 -13 Watts Water Technology 12/05/06 01/26/07 549.24 550.54 (1.30) -

17 of 20





24 Watts Water Technology 11/29/06 01/26/07 1,013.98 992.15 21.83 -9 Watts Water Technology 11/01/06 01/26/07 380.24 356.36 23.88 -

21 Watts Water Technology 01/05/07 01/26/07 887.23 835.68 51.55 -19 Watts Water Technology 05/15/06 01/26/07 802.74 719.91 82.83 -18 Watts Water Technology 05/18/06 01/26/07 760.49 647.46 113.03 -50 Watts Water Technology 05/11/06 01/26/07 2,112.44 1,979.50 132.94 -19 Webex Communications Inc 10/09/06 01/26/07 685.31 733.97 (48.66) -16 Webex Communications Inc 08/25/06 01/26/07 577.10 586.05 (8.95) -7 Webex Communications Inc 08/16/06 01/26/07 252.48 246.65 5.83 -7 Webex Communications Inc 03/03/06 01/03/07 232.74 217.72 15.02 -5 Webex Communications Inc 03/03/06 01/26/07 180.34 155.51 24.83 -

15 Webex Communications Inc 05/18/06 01/26/07 541.03 515.43 25.60 -37 Webex Communications Inc 04/19/06 01/26/07 1,334.56 1,284.32 50.24 -33 Webex Communications Inc 03/03/06 01/04/07 1,094.29 1,026.39 67.90 -23 Webex Communications Inc 02/17/06 01/03/07 764.72 664.24 100.48 -19 Wolverine World Wide 09/12/06 01/26/07 524.00 513.31 10.69 -23 Wolverine World Wide 08/15/06 01/26/07 634.32 595.70 38.62 -

20 Wolverine World Wide 08/23/06 01/26/07 551.58 511.80 39.78 -19 Wolverine World Wide 08/07/06 01/26/07 524.00 482.20 41.80 -

50 Wolverine World Wide 07/25/06 01/26/07 1,378.96 1,263.26 115.70 -

86 Wolverine World Wide 07/18/06 01/26/07 2,371.83 2,173.49 198.34 -


38 Biomed Realty Trust 08/31/05 01/09/07 1,028.94 918.23 - 110.71

11 Biomed Realty Trust 08/31/05 01/26/07 324.60 265.80 - 58.80

37 Biomed Realty Trust 09/23/05 01/26/07 1,091.84 895.74 - 196.10

45 Biomed Realty Trust 10/05/05 01/26/07 1,327.91 1,107.47 - 220.44

41 Comstock Res Inc New 08/31/05 01/26/07 1,250.87 1,179.16 - 71.71

50 Comstock Res Inc New 09/19/05 01/26/07 1,525.45 1,568.07 - (42.62)

18 of 20





27 Corporate Office Properties Tr 06/09/05 01/26/07 1,427.45 780.16 - 647.2937 Corporate Office Properties Tr 09/16/05 01/26/07 1,956.15 1,284.03 - 672.1237 Delphi Financial Group Cl A 08/03/05 01/26/07 1,431.12 1,214.34 - 216.7842 Delphi Financial Group Cl A 09/01/05 01/26/07 1,624.50 1,327.54 - 296.96

25.5 Delphi Financial Group Cl A 10/07/05 01/26/07 986.32 777.42 - 208.9027 Delphi Financial Group Cl A 11/15/05 01/26/07 1,044.34 855.51 - 188.8312 Dominos Pizza Inc 10/27/05 01/26/07 342.95 291.51 - 51.4447 Dominos Pizza Inc 11/11/05 01/26/07 1,343.23 1,126.12 - 217.1124 El Paso Electric Co New 11/15/05 01/26/07 570.94 504.07 - 66.8737 El Paso Electric Co New 11/29/05 01/26/07 880.21 799.20 - 81.0111 FTI Consulting Incorporated 11/22/05 01/26/07 292.48 324.51 - (32.03)

36 FTI Consulting Incorporated 12/07/05 01/26/07 957.21 1,063.80 - (106.59)21 Griffon Corp 11/09/05 01/26/07 538.00 523.20 - 14.8040 Griffon Corp 12/06/05 01/26/07 1,024.77 975.92 - 48.85

16 Haemonetics 10/27/05 01/26/07 778.06 763.95 - 14.1131 Haemonetics 12/02/05 01/26/07 1,507.48 1,618.18 - (110.70)

19 Haemonetics 12/06/05 01/26/07 923.94 983.38 - (59.44)

13 Hydril 12/08/05 01/04/07 911.75 882.38 - 29.37

17 Oil States International 08/30/05 01/03/07 530.05 559.64 - (29.59)





8 Proassurance Corporation 03/31/05 01/26/07 404.39 315.36 - 89.03

27 Proassurance Corporation 06/15/05 01/26/07 1,364.80 1,094.15 - 270.65



20 Proassurance Corporation 01/09/06 01/26/07 1,010.97 1,021.01 - (10.04)

31 Psychiatric Solution New 03/31/05 01/26/07 1,154.21 708.28 - 445.93

70 Psychiatric Solution New 07/29/05 01/26/07 2,606.31 1,680.27 - 926.04

19 of 20





26 Psychiatric Solution New 08/10/05 01/26/07 968.05 606.96 - 361.0934 Psychiatric Solution New 09/08/05 01/26/07 1,265.92 841.48 - 424.4415 Randgold Resources ADR 11/01/05 01/26/07 345.80 200.77 - 145.03

55 Randgold Resources ADR 11/17/05 01/26/07 1,267.93 871.01 - 396.92

82 Randgold Resources ADR 11/23/05 01/26/07 1,890.36 1,317.43 - 572.93

18 Strategic Hotel Capital 11/14/05 01/26/07 377.27 317.46 - 59.81



9 THQ Inc. 10/28/05 01/26/07 277.46 198.89 - 78.57

57 THQ Inc. 11/28/05 01/26/07 1,757.26 1,255.56 - 501.70

43 Transaction Systems Cl A 12/16/04 01/26/07 1,521.72 905.43 - 616.29

43 Transaction Systems Cl A 04/01/05 01/26/07 1,521.72 987.85 - 533.87

8 Waddell & Reed Fin] Cl A 12/05/05 01/26/07 207.67 174.16 - 33.51

41 Waddell & Reed Fin] Cl A 01/25/06 01/26/07 1,064.34 932.73 - 131.61

17 Washington Grp Intl New 01/13/05 01/26/07 971.64 679.40 - 292.24

20 Washington Grp Intl New 01/14/05 01/26/07 1,143.10 804.53 - 338.57



27 Washington Grp Intl New 01/09/06 01/26/07 1,543.20 1,517.22 - 25.98


TOTAL 611,349.53 568,117.31 33,845.84 9,386.38

20 of 20


FEIN # 54-1850780


Gain / (Loss)

Date Date Sale Cost


610 A A R Corporation 03/21/07 04/18/07 18,508.33 19,339.01 (830.68) -185 Aaron Rents 03/01/07 04/18/07 4,971.43 4,964.81 6.62 -

740 Aaron Rents 06/19/06 04/18/07 19,885.71 19,136.70 749.01 -

1045 Allied Waste Industries 05/03/06 04/18/07 13,156.35 13,603.91 (447.56) -

447 Asset Acceptance Cap Cp 05/05/06 04/18/07 7,250.94 9,008.39 (1,757.45) -

392 Asset Acceptance Cap Cp 05/04/06 04/18/07 6,358.77 7,839.96 (1,481.19) -

288 Asset Acceptance Cap Cp 05/09/06 04/18/07 4,671.75 5,537.00 (865.25) -

148 Asset Acceptance Cap Cp 05/08/06 04/18/07 2,400.76 2,996.53 (595.77) -

874 Benchmark Electronics 11/08/06 04/18/07 19,202.71 23,316.66 (4,113.95) -

256 Benchmark Electronics 11/09/06 04/18/07 5,624.59 6,945.51 (1,320.92) -

690 Calamos Asset Management 03/08/07 04/18/07 16,623.22 16,844.69 (221.47) -

610 Cash America Intl Inc 01/26/07 04/18/07 26,387.15 24,442.21 1,944.94 -

970 Centene Corp 10/17/06 04/18/07 23,321.35 16,676.63 6,644.72 -

84 Checkpoint Systems 08/21/06 04/18/07 1,978.86 1,443.96 534.90 -

206 Checkpoint Systems 08/18/06 04/18/07 4,852.91 3,528.94 1,323.97 -

115 Covance Inc 05/09/06 04/18/07 7,040.87 6,624.00 416.87 -

67.5 Delphi Financial Group Cl A 05/09/06 04/18/07 2,801.20 2,406.60 394.60 -

170 Flir Systems Inc 05/09/06 04/18/07 6,691.07 4,268.70 2,422.37 -

80 Global Payments Inc 03/28/07 04/18/07 3,102.35 3,140.36 (38.01) -

265 Headwaters Inc 05/03/06 04/18/07 6,039.66 9,442.51 (3,402.85) -

75 Headwaters Inc 08/18/06 04/18/07 1,709.33 1,697.70 11.63 -

1325 Hexcel Corp New 05/15/06 04/18/07 26,266.27 30,007.41 (3,741.14) -

285 Hexcel Corp New 03/28/07 04/18/07 5,649.72 5,687.75 (38.03) -

460 HexcelCorpNew 08/18/06 04/18/07 9,118.85 7,186.63 1,932.22 -

640 Itron Inc New 11/29/06 04/18/07 44,739.15 30,769.54 13,969.61 -

65 Meritage Corporation 08/18/06 04/18/07 2,189.92 2,660.40 (470.48) -

835 Moneygram International 06/09/06 04/18/07 23,198.28 28,421.15 (5,222.87) -

265 Moneygrarn International 03/28/07 04/18/07 7,362.33 7,450.40 (88.07) -

140 Pacific Cap Bancorp New 03/28/07 04/18/07 3,789.45 4,526.72 (737.27) -

80 Pacific Cap Bancorp New 10/20/06 04/18/07 2,165.40 2,221.10 (55.70) -

120 Prim Resources Inc 03/28/07 04/18/07 3,985.14 3,903.08 82.06 -

I of 13





205 Protective Life Corp 08/18/06 04/18/07 9,393.57 9,233.41 160.16 -120 Protective Life Corp 03/28/07 04/18/07 5,498.67 5,334.59 164.08 -130 Raymond James Financial 05/03/06 04/18/07 4,061.14 3,916.19 144.95 -170 Raymond James Financial 03/28/07 04/18/07 5,310.72 5,060.36 250.36 -135 Scotts Co Cl A 10/20/06 04/18/07 6,226.30 6,113.21 113.09 -110 Scotts Co Cl A 03/28/07 04/18/07 5,07.3.29 4,803.34 269.95 -395 Sonic Corp 03/01/07 04/18/07 9,140.18 8,547.80 592.38 -140 Standard Pac Corp New 08/18/06 04/18/07 3,070.36 3,340.71 (270.35) -805 State Auto Financial 11/03/06 04/18/07 27,012.88 25,588.13 1,424.75 -85 Sterling Financial 10/20/06 04/18/07 2,625.69 2,929.87 (304.18) -

195 Sterling Financial 03/28/07 04/18/07 6,023.64 6,120.58 (96.94) -35 Student Loan Corp 03/12/07 04/18/07 6,894.77 6,537.47 357.30 -30 Sunrise Assisted Living 05/09/06 04/18/07 1,221.57 973.80 247.77 -55 Teledyne Technologies 04/12/07 04/18/07 2,177.44 2,093.67 83.77 -164 Teledyne Technologies 04/11/07 04/18/07 6,492.73 6,227.62 265.11 -321 Teledyne Technologies 04/10/07 04/18/07 12,708.32 12,239.15 469.17 -145 Timken Company 03/28/07 04/18/07 4,505.08 4,353.07 152.01 -125 U R S Corp New 03/28/07 04/18/07 5,505.07 5,356.95 148.12 -

Net Short-Term Gains (Losses ) 453,985.24 444,808.88 9,176.36 -

120 Accredited Home Lenders 05/21/04 04/16/07 1,189.72 3,429.60 - (2,239.88)110 Accredited Home Lenders 05/28/04 04/16/07 1,090.58 3,291.99 - (2,201.41)120 Accredited Home Lenders 06/04/04 04/16/07 1,189.72 3,542.40 - (2,352.68)110 Accredited Home Lenders 06/14/04 04/16/07 1,090.58 3,181.20 - (2,090.62)100 Administaff Inc 07/02/04 02/26/07 3,739.20 1,636.80 - 2,102.40360 Administaff Inc 07/02/04 04/18/07 13,084.89 5,892.48 - 7,192.4110 Allied Waste Industries 12/15/03 04/18/07 125.90 125.00 - 0.9020 Allied Waste Industries 12/24/03 04/18/07 251.80 274.40 - (22.60)50 Allied Waste Industries 12/30/03 04/18/07 629.49 693.00 - (63.51)150 Allied Waste Industries 04/02/04 04/18/07 1,888.47 2,020.50 - (132.03)

2of13





130 Allied Waste Industries 05/13/04 04/18/07 1,636.67 1,615.56 - 21.11300 Allied Waste Industries 05/21/04 04/18/07 3,776.94 3,801.00 - (24.06)240 Allied Waste Industries 05/28/04 04/18/07 3,021.55 3,182.40 - (160.85)230 Allied Waste Industries 06/04/04 04/18/07 2,895.66 3,109.60 - (213.94)240 Allied Waste Industries 06/14/04 04/18/07 3,021.55 3,229.54 - (207.99)625 Amerigroup Corp 08/30/04 04/18/07 20,118.43 15,745.03 - 4,373.4050 Amerigroup Corp 09/22/05 04/18/07 1,609.48 1,668.67 - (59.19)

290 Amerigroup Corp 02/16/06 04/18/07 9,334.96 6,153.13 - 3,181.8325 Astoria Financial Corp 05/13/04 04/18/07 676.30 583.33 - 92.97105 Astoria Financial Corp 05/21/04 04/18/07 2,840.45 2,565.50 - 274.9575 Astoria Financial Corp 05/28/04 04/18/07 2,028.89 1,908.50 - 120.3990 Astoria Financial Corp 06/04/04 04/18/07 2,434.67 2,283.60 - 151.07105 Astoria Financial Corp 06/14/04 04/18/07 2,840.45 2,593.62 - 246.83345 Astoria Financial Corp 06/29/04 04/18/07 9,332.89 8,352.93 - 979.96560 Astoria Financial Corp 04/15/05 04/18/07 15,149.05 13,935.32 - 1,213.73115 Bankunited Fin[ Corp A 05/28/04 04/18/07 2,644.96 3,010.70 - (365.74)160 Bankunited Finl Corp A 06/04/04 04/18/07 3,679.94 4,265.60 - (585.66)240 Bankunited Finl Corp A 06/14/04 04/18/07 5,519.91 6,003.12 - (483.21)410 Barr Laboratories Inc 09/28/04 04/18/07 20,107.12 17,095.44 - 3,011.6845 Brinker Intl Inc 11/18/03 04/18/07 1,491.28 958.50 - 532.7845 Brinker Intl Inc 11/24/03 04/18/07 1,491.28 936.00 - 555.2830 Brinker Intl Inc 12/09/03 04/18/07 994.18 632.20 - 361.9830 Brinker Intl Inc 12/15/03 04/18/07 994.18 637.20 - 356.9830 Brinker Intl Inc 12/24/03 04/18/07 994.18 644.60 - 349.5830 Brinker Intl Inc 12/30/03 04/18/07 994.18 663.00 - 331.1830 Brinker Intl Inc 04/02/04 04/18/07 994.18 774.20 - 219.9860 Brinker Intl Inc 05/13/04 04/18/07 1,988.37 1,424.00 - 564.37165 Brinker Intl Inc 05/21/04 04/18/07 5,468.02 3,921.50 - 1,546.52180 Brinker Intl Inc 05/28/04 04/18/07 5,965.11 4,362.00 - 1,603.11180 Brinker Intl Inc 06/04/04 04/18/07 5,965.12 4,220.40 - 1,744.72120 Brinker Intl Inc 06/14/04 04/18/07 3,976.74 2,840.80 - 1,135.94

3of13





79.5 Bucyrus Intl Inc 04/04/05 04/18/07 4,522.76 1,980.72 - 2,542.04180 Bucyrus Intl Inc 04/05/05 04/18/07 10,240.22 4,594.48 - 5,645.74

427.5 Bucyrus Intl Inc 09/20/05 04/18/07 24,320.54 12,813.32 - 11,507.2235 Cabot Oil & Gas CIA 08/20/04 03/08/07 2,357.81 933.84 - 1,423.97

2274 Cabot Oil & Gas Cl A 08/20/04 04/18/07 79,611.52 30,336.45 - 49,275.07355 Checkpoint Systems 11/12/04 04/18/07 8,36:3.04 6,420.50 - 1,942.54129 Checkpoint Systems 12/23/04 04/18/07 3,038.96 2,330.93 - 708.03320 Checkpoint Systems 01/06/05 04/18/07 7,538.50 5,311.01 - 2,227.4925 Cooper Companies New 10/22/03 02/15/07 1,154.23 1,024.25 - 129.9820 Cooper Companies New 11/04/03 02/15/07 923.38 872.60 - 50.7830 Cooper Companies New 11/11/03 02/15/07 1,385.08 1,254.60 - 130.4820 Cooper Companies New 11/18/03 02/15/07 923.38 869.60 - 53.7820 Cooper Companies New 11/24/03 02/15/07 923.38 874.20 - 49.1820 Cooper Companies New 12/02/03 02/15/07 923.38 923.20 - 0.1820 Cooper Companies New 12/09/03 02/15/07 923.38 917.80 - 5.5830 Cooper Companies New 12/15/03 02/15/07 1,385.08 1,357.43 - 27.6520 Cooper Companies New 12/24/03 02/15/07 923.38 934.00 - (10.62)10 Cooper Companies New 12/30/03 02/15/07 461.70 480.70 - (19.00)30 Cooper Companies New 04/02/04 02/15/07 1,385.08 1,607.40 - (222.32)20 Cooper Companies New 05/13/04 02/15/07 923.38 1,094.40 - (171.02)110 Cooper Companies New 05/21/04 02/15/07 5,078.61 5,993.90 - (915.29)100 Cooper Companies New 05/28/04 02/15/07 4,616.92 5,509.00 - (892.08)90 Cooper Companies New 06/04/04 02/15/07 4,155.22 4,988.02 - (832.80)80 Cooper Companies New 06/14/04 02/15/07 3,693.54 4,447.20 - (753.66)70 Covance Inc 10/22/03 04/18/07 4,285.74 1,742.30 - 2,543.4430 Covance Inc 11/04/03 04/18/07 1,836.75 784.69 - 1,052.0620 Covance Inc 11/11/03 04/18/07 1,224.50 523.00 - 701.5030 Covance Inc 11/18/03 04/18/07 1,836.75 776.40 - 1,060.3530 Covance Inc 11/24/03 04/18/07 1,836.75 770.40 - 1,066.3530 Covance Inc 12/02/03 04/18/07 1,836.75 814.50 - 1,022.2520 Covance Inc 12/09/03 04/18/07 1,224.50 541.20 - 683.30

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FEIN # 54-18507802007 990 PF: Capital Gains & Losses

Schedule D-22



30 Covance Inc 12/15/03 04/18/07 1,836.75 809.27 - 1,027.4830 Covance Inc 12/24/03 04/18/07 1,836.75 807.30 - 1,029.4520 Covance Inc 12/30/03 04/18/07 1,224.50 548.80 - 675.7010 Covance Inc 04/02/04 04/18/07 612.25 343.50 - 268.7520 Covance Inc 05/13/04 04/18/07 1,224.50 684.60 - 539.90100 Covance Inc 05/21/04 04/18/07 6,122.50 3,561.00 - 2,561.50110 Covance Inc 05/28/04 04/18/07 6,734.75 3,991.90 - 2,742.8590 Covance Inc 06/04/04 04/18/07 5,510.24 3,314.70 - 2,195.5470 Covance Inc 06/14/04 04/18/07 4,285.74 2,639.00 - 1,646.74

284.5 Delphi Financial Group CIA 05/21/04 04/18/07 11,806.55 7,481.04 - 4,325.51

135 Delphi Financial Group Cl A 05/28/04 04/18/07 5,602.40 3,631.50 - 1,970.90

90 Delphi Financial Group Cl A 06/04/04 04/18/07 3,734.93 2,424.00 - 1,310.9360 Delphi Financial Group Cl A 06/14/04 04/18/07 2,489.95 1,627.20 - 862.7515 Eaton Vance Cp Non Vtg 12/24/03 04/18/07 566.26 271.65 - 294.6160 Eaton Vance Cp Non Vtg 12/30/03 04/18/07 2,265.05 1,104.90 - 1,160.15100 Eaton Vance Cp Non Vtg 04/02/04 04/18/07 3,775.09 1,930.50 - 1,844.59100 Eaton Vance Cp Non Vtg 05/13/04 04/18/07 3,775.09 1,749.64 - 2,025.45

280 Eaton Vance Cp Non Vtg 05/21/04 04/18/07 10,570.27 4,984.00 - 5,586.27240 Eaton Vance Cp Non Vtg 05/28/04 04/18/07 9,060.22 4,417.20 - 4,643.02

200 Eaton Vance Cp Non Vtg 06/04/04 04/18/07 7,550.18 3,738.25 - 3,811.93200 Eaton Vance Cp Non Vtg 06/14/04 04/18/07 7,550.18 3,747.50 - 3,802.68

50 Flir Systems Inc 10/22/03 04/18/07 1,967.96 658.75 - 1,309.21

40 Flir Systems Inc 11/04/03 04/18/07 1,574.37 638.00 - 936.37

60 Flir Systems Inc 11/11/03 04/18/07 2,361.55 922.49 - 1,439.0640 Flir Systems Inc 11/18/03 04/18/07 1,574.37 660.40 - 913.97

40 Flir Systems Inc 11/24/03 04/18/07 1,574.37 673.80 - 900.57

60 Flir Systems Inc 12/02/03 04/18/07 2,361.55 1,053.00 - 1,308.55

40 Flir Systems Inc 12/09/03 04/18/07 1,574.37 708.80 - 865.57

40 Flir Systems Inc 12/15/03 04/18/07 1,574.37 707.00 - 867.37

60 Flir Systems Inc 12/24/03 04/18/07 2,361.55 1,071.30 - 1,290.25

40 Flir Systems Inc 12/30/03 04/18/07 1,574 37 732.40 - 841.97

5of13


FEIN # 54-1850780




100 Flir Systems Inc 04/02/04 04/18/07 3,935.92 1,971.50 - 1,964.4220 Flir Systems Inc 05/13/04 04/18/07 787.19 450.90 - 336.29120 Flir Systems Inc 05/21/04 04/18/07 4,723.11 2,818.20 - 1,904.91

180 Flir Systems Inc 05/28/04 04/18/07 7,084.65 4,408.20 - 2,676.4580 Flir Systems Inc 06/04/04 04/18/07 3,148.73 2,128.40 - 1,020.33

260 Flir Systems Inc 06/14/04 04/18/07 10,233.37 6,454.50 - 3,778.8720 Global Payments Inc 11/11/03 04/18/07 775.59 416.80 - 358.7920 Global Payments Inc 11/18/03 04/18/07 775.59 449.00 - 326.5920 Global Payments Inc 11/24/03 04/18/07 775.59 441.70 - 333.8940 Global Payments Inc 12/02/03 04/18/07 1,551.18 929.20 - 621.9820 Global Payments Inc 12/09/03 04/18/07 775.59 460.90 - 314.69

20 Global Payments Inc 12/15/03 04/18/07 775.59 477.90 - 297.69

40 Global Payments Inc 12/24/03 04/18/07 1,551.18 938.60 - 612.58

20 Global Payments Inc 12/30/03 04/18/07 775.59 477.80 - 297.79

80 Global Payments Inc 04/02/04 04/18/07 3,102.35 1,906.25 - 1,196.10

40 Global Payments Inc 05/13/04 04/18/07 1,551.18 925.60 - 625.58





25 Harman Intl Inds Inc 04/02/04 04/18/07 2,548.90 2,021.25 - 527.65

50 Harman Intl Inds Inc 05/13/04 04/18/07 5,097.80 3,629.00 - 1,468.80





870 Harsco Corporation 06/23/05 04/18/07 41,693.68 24,424.90 - 17,268.78

695 Headwaters Inc 03/22/05 04/18/07 15,839 84 23,524.98 - (7,685.14)

405 Healthways 12/03/04 04/18/07 18,051.38 12,354.16 - 5,697.22

375 Healthways 01/27/05 04/18/07 16,714.24 11,546.18 - 5,168.06

540 Houston Exploration Co 10/18/05 02/08/07 28,442.59 31,804.87 - (3,362.28)

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40 Hovnanian Enterprs Cl A 05/21/04 04/18/07 1,000.44 1,316.00 - (315.56)210 Hovnanian Enterprs CIA 05/28/04 04/18/07 5,252.34 7,401.45 - (2,149.11)240 Hovnanian Enterprs Cl A 06/04/04 04/18/07 6,002.67 8,465.66 - (2,462.99)300 Hovnanian Enterprs CIA 06/14/04 04/18/07 7,503.33 10,055.25 - (2,551.92)90 Jefferies Group Inc New 04/02/04 04/18/07 2,708.06 1,610.86 - 1,097.20120 Jefferies Group Inc New 05/13/04 04/18/07 3,610.74 1,956.16 - 1,654.58360 Jefferies Group Inc New 05/21/04 04/18/07 10,832.23 5,754.60 - 5,077.63300 Jefferies Group Inc New 05/28/04 04/18/07 9,026.86 4,895.45 - 4,131.41340 Jefferies Group Inc New 06/04/04 04/18/07 10,230.44 5,421.30 - 4,809.14400 Jefferies Group Inc New 06/14/04 04/18/07 12,035.82 6,018.00 - 6,017.82932 Joy Global Inc 02/15/05 04/18/07 44,599.24 18,061.54 - 26,537.70110 Meritage Corporation 01/12/04 04/18/07 3,706.00 3,451.69 - 254.3140 Meritage Corporation 05/13/04 04/18/07 1,347.64 1,230.00 - 117.64120 Meritage Corporation 05/21/04 04/18/07 4,042.91 3,786.60 - 256.3180 Meritage Corporation 05/28/04 04/18/07 2,695.28 2,746.00 - (50.72)100 Meritage Corporation 06/04/04 04/18/07 3,369.10 3,384.50 - (15.40)100 Meritage Corporation 06/14/04 04/18/07 3,369.10 3,242.57 - 126.5334.5 Moog Incorporated Cl A 04/02/04 04/18/07 1,486.53 808.45 - 678.0845 Moog Incorporated Cl A 05/13/04 04/18/07 1,938.94 969.00 - 969.94120 Moog Incorporated Cl A 05/21/04 04/18/07 5,170.52 2,539.20 - 2,631.32105 Moog Incorporated CIA 05/28/04 04/18/07 4,524.20 2,207.10 - 2,317.10120 Moog Incorporated Cl A 06/04/04 04/18/07 5,170.52 2,469.60 - 2,700.92105 Moog Incorporated Cl A 06/14/04 04/18/07 4,524.20 2,156.00 - 2,368.20

262.5 Moog Incorporated CIA 01/07/05 04/18/07 11,310.49 7,149.24 - 4,161.251100 Oceaneering International 09/26/05 04/18/07 49,631.24 27,817.13 - 21,814.1120 Oneok Inc New 12/24/03 04/18/07 930.79 432.80 - 497.9920 Oneok Inc New 12/30/03 04/18/07 930.79 443.00 - 487.7960 Oneok Inc New 04/02/04 04/18/07 2,792.36 1,360.20 - 1,432.1680 Oneok Inc New 05/13/04 04/18/07 3,72:3.14 1,595.20 - 2,127.94140 Oneok Inc New 05/21/04 04/18/07 6,515.48 2,912.00 - 3,603.48130 Oneok Inc New 05/28/04 04/18/07 6,050.11 2,756.00 - 3,294.11

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130 Oneok Inc New 06/04/04 04/18/07 6,050.11 2,758.60 - 3,291.51130 Oneok Inc New 06/14/04 04/18/07 6,050.11 2,764.33 - 3,285.78400 Oriental Financial Grp 01/28/05 04/18/07 4,644.52 11,250.56 - (6,606.04)52 Pacific Cap Bancorp New 09/30/05 04/18/07 1,407.51 1,723.38 - (315.87)

315 Pacific Cap Bancorp New 10/03/05 04/18/07 8,526.25 10,520.28 - (1,994.03)271 Pacific Cap Bancorp New 10/04/05 04/18/07 7,33:5.29 9,243.08 - (1,907.79)130 Pacific Cap Bancorp New 10/05/05 04/18/07 3,518.78 4,280.73 - (761.95)

5 Pharmaceutical Prod Dev 12/15/03 03/13/07 157.81 63.65 - 94.1640 Pharmaceutical Prod Dev 12/24/03 03/13/07 1,262.44 532.20 - 730.24100 Pharmaceutical Prod Dev 12/30/03 03/13/07 3,156.09 1,359.50 - 1,796.5980 Pharmaceutical Prod Dev 04/02/04 03/13/07 2,524.87 1,187.43 - 1,337.4440 Pharmaceutical Prod Dev 04/02/04 04/18/07 1,400.89 593.71 - 807.18100 Pharmaceutical Prod Dev 05/13/04 04/18/07 3,502.22 1,487.76 - 2,014.46360 Pharmaceutical Prod Dev 05/21/04 04/18/07 12,607.98 5,409.00 - 7,198.98400 Pharmaceutical Prod Dev 05/28/04 04/18/07 14,008.84 6,068.70 - 7,940.14380 Pharmaceutical Prod Dev 06/04/04 04/18/07 13,308.43 5,738.46 - 7,569.97280 Pharmaceutical Prod Dev 06/14/04 04/18/07 9,806.21 4,279.66 - 5,526.5510 Philadelphia Cons Hldg 05/13/04 04/18/07 460.11 184.32 - 275.79

300 Philadelphia Cons Hldg 05/21/04 04/18/07 13,80:3.23 5,519.00 - 8,284.23240 Philadelphia Cons Hldg 05/28/04 04/18/07 11,04:2.59 4,533.20 - 6,509.39270 Philadelphia Cons Hldg 06/04/04 04/18/07 12,42:2.92 5,026.83 - 7,396.09240 Philadelphia Cons Hldg 06/14/04 04/18/07 11,04:2.59 4,473.70 - 6,568.8940 Phillips-Van Heusen Corp 12/09/03 04/18/07 2,292.85 704.80 - 1,588.0540 Phillips-Van Heusen Corp 12/15/03 04/18/07 2,292.85 704.80 - 1,588.0530 Phillips-Van Heusen Corp 12/24/03 04/18/07 1,719.64 538.50 - 1,181.1440 Phillips-Van Heusen Corp 12/30/03 04/18/07 2,292.85 718.95 - 1,573.9080 Phillips-Van Heusen Corp 04/02/04 04/18/07 4,585.71 1,520.00 - 3,065.7190 Phillips-Van Heusen Corp 05/13/04 04/18/07 5,15-8.92 1,541.04 - 3,617.88180 Phillips-Van Heusen Corp 05/21/04 04/18/07 10,317.84 3,258.00 - 7,059.84160 Phillips-Van Heusen Corp 05/28/04 04/18/07 9,171.41 3,002.67 - 6,168.74180 Phillips-Van Heusen Corp 06/04/04 04/18/07 10,317.84 3,353.40 - 6,964.44

8 of 13





160 Phillips-Van Heusen Corp 06/14/04 04/18/07 9,171.41 2,984.00 - 6,187.4125 Pnm Resources Inc 12/24/03 04/18/07 830.24 466.33 - 363.9130 Pnm Resources Inc 12/30/03 04/18/07 996.28 568.20 - 428.0860 Pnm Resources Inc 04/02/04 04/18/07 1,992.57 1,225.60 - 766.9760 Prim Resources Inc 05/13/04 04/18/07 1,992.57 1,142.66 - 849.91165 Pnm Resources Inc 05/21/04 04/18/07 5,479.57 3,221.90 - 2,257.67150 Prim Resources Inc 05/28/04 04/18/07 4,981.42 3,014.00 - 1,967.42150 Pnm Resources Inc 06/04/04 04/18/07 4,981.42 3,025.00 - 1,956.42130 Pnm Resources Inc 06/14/04 04/18/07 4,317.23 2,607.63 - 1,709.6025 Protective Life Corp 05/13/04 04/18/07 1,145.56 896.25 - 249.3170 Protective Life Corp 05/21/04 04/18/07 3,207.56 2,542.40 - 665.1660 Protective Life Corp 05/28/04 04/18/07 2,749.34 2,217.00 - 532.3470 Protective Life Corp 06/04/04 04/18/07 3,207.56 2,585.10 - 622.4670 Protective Life Corp 06/14/04 04/18/07 3,207.56 2,528.16 - 679.4037 Raymond James Financial 12/09/03 04/18/07 1,155.86 615.68 - 540.1845 Raymond James Financial 12/15/03 04/18/07 1,405.78 744.00 - 661.7845 Raymond James Financial 12/24/03 04/18/07 1,405.78 735.80 - 669.9845 Raymond James Financial 12/30/03 04/18/07 1,405.78 760.00 - 645.78120 Raymond James Financial 04/02/04 04/18/07 3,748.74 2,033.48 - 1,715.2675 Raymond James Financial 05/13/04 04/18/07 2,342.96 1,238.00 - 1,104.96

210 Raymond James Financial 05/21/04 04/18/07 6,560.30 3,588.20 - 2,972.10210 Raymond James Financial 05/28/04 04/18/07 6,560.30 3,645.60 - 2,914.70210 Raymond James Financial 06/04/04 04/18/07 6,560.30 3,662.40 - 2,897.90225 Raymond James Financial 06/14/04 04/18/07 7,028.89 3,856.50 - 3,172.3910 S L Green Realty Corp 11/24/03 03/09/07 1,419.38 375.70 - 1,043.6810 S L Green Realty Corp 12/02/03 04/18/07 1,403.17 386.50 - 1,016.6720 S L Green Realty Corp 12/09/03 04/18/07 2,806.35 761.60 - 2,044.7510 S L Green Realty Corp 12/24/03 04/18/07 1,403.17 407.10 - 996.0720 S L Green Realty Corp 12/30/03 04/18/07 2,806.35 820.20 - 1,986.1510 S L Green Realty Corp 04/02/04 04/18/07 1,403.17 480.90 - 922.2720 S L Green Realty Corp 05/13/04 04/18/07 2,806.35 825.60 - 1,980.75

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60 S L Green Realty Corp 05/21/04 04/18/07 8,419.05 2,617.20 - 5,801.8550 S L Green Realty Corp 05/28/04 04/18/07 7,015.87 2,239.50 - 4,776.3750 S L Green Realty Corp 06/04/04 04/18/07 7,015.87 2,245.00 - 4,770.8770 S L Green Realty Corp 06/14/04 04/18/07 9,822.23 2,993.90 - 6,828.3350 Sanmina Corp 11/11/03 04/18/07 185.50 547.00 - (361.50)50 Sanmina Corp 11/18/03 04/18/07 185.50 555.00 - (369.50)50 Sanmina Corp 11/24/03 04/18/07 185.50 569.50 - (384.00)100 Sanmina Corp 12/02/03 04/18/07 370.99 1,206.00 - (835.01)80 Sanmina Corp 12/09/03 04/18/07 296.80 918.40 - (621.60)50 Sanmina Corp 12/15/03 04/18/07 185.50 582.00 - (396.50)40 Sanmina Corp 12/24/03 04/18/07 148.40 493.20 - (344.80)50 Sanmina Corp 12/30/03 04/18/07 185.50 628.50 - (443.00)

230 Sanmina Corp 04/02/04 04/18/07 853.29 2,647.30 - (1,794.01)180 Sanmina Corp 05/13/04 04/18/07 667.79 1,866.60 - (1,198.81)430 Sanmina Corp 05/21/04 04/18/07 1,595.28 4,398.90 - (2,803.62)360 Sanmina Corp 05/28/04 04/18/07 1,335.58 3,812.40 - (2,476.82)370 Sanmina Corp 06/04/04 04/18/07 1,372.68 3,844.30 - (2,471.62)600 Sanmina Corp 06/14/04 04/18/07 2,225.97 5,646.00 - (3,420.03)

3235 Sanmina Corp 06/07/05 04/18/07 12,001.63 17,296.57 - (5,294.94)145 School Specialty Inc 09/17/04 04/18/07 5,242.54 5,372.31 - (129.77)395 School Specialty Inc 01/14/05 04/18/07 14,281.40 15,139.36 - (857.96)

5 Scotts Co Cl A 12/15/03 04/18/07 230.61 147.07 - 83.5440 Scotts Co Cl A 12/24/03 04/18/07 1,844.83 1,181.40 - 663.4320 Scotts Co Cl A 12/30/03 04/18/07 922.42 595.60 - 326.8220 Scotts Co Cl A 04/02/04 04/18/07 922.42 673.60 - 248.8240 Scotts Co CIA 05/13/04 04/18/07 1,844.83 1,251.80 - 593.03100 Scotts Co CIA 05/21/04 04/18/07 4,612.08 3,169.50 - 1,442.58100 Scotts Co Cl A 05/28/04 04/18/07 4,612.08 3,225.00 - 1,387.08100 Scotts Co Cl A 06/04/04 04/18/07 4,612.08 3,295.00 - 1,317.0880 Scotts Co Cl A 06/14/04 04/18/07 3,689.66 2,652.40 - 1,037.2610 Snap On Inc 12/24/03 04/18/07 480.59 318.70 - 161.89

10 of 13





10 Snap On Inc 12/30/03 04/18/07 480.59 323.20 - 157.39140 Snap On Inc 02/23/04 04/18/07 6,728.29 4,465.64 - 2,262.6540 Snap On Inc 04/02/04 04/18/07 1,922.37 1,313.69 - 608.6830 Snap On Inc 05/13/04 04/18/07 1,441.78 978.30 - 463.48100 Snap On Inc 05/21/04 04/18/07 4,805.93 3,320.00 - 1,485.93100 Snap On Inc 05/28/04 04/18/07 4,805.93 3,351.00 - 1,454.93110 Snap On Inc 06/04/04 04/18/07 5,28:6.52 3,639.90 - 1,646.6290 Snap On Inc 06/14/04 04/18/07 4,325.33 2,984.40 - 1,340.93

27.5 Sonic Corp 11/11/03 04/18/07 636.34 341.12 - 295.2222.5 Sonic Corp 11/18/03 04/18/07 520.64 300.90 - 219.7422.5 Sonic Corp 11/24/03 04/18/07 520.64 305.40 - 215.2445 Sonic Corp 12/02/03 04/18/07 1,041.28 630.20 - 411.08

22.5 Sonic Corp 12/09/03 04/18/07 520.64 310.00 - 210.6422.5 Sonic Corp 12/15/03 04/18/07 520.64 312.20 - 208.4445 Sonic Corp 12/24/03 04/18/07 1,041.28 595.40 - 445.8845 Sonic Corp 12/30/03 04/18/07 1,041.28 615.00 - 426.2845 Sonic Corp 04/02/04 04/18/07 1,041.28 697.00 - 344.2845 Sonic Corp 05/13/04 04/18/07 1,041.28 626.80 - 414.48

202.5 Sonic Corp 05/21/04 04/18/07 4,685.78 2,770.20 - 1,915.58120 Sonic Corp 05/28/04 04/18/07 2,776.76 1,755.20 - 1,021.56135 Sonic Corp 06/04/04 04/18/07 3,12.3.85 2,007.00 - 1,116.85120 Sonic Corp 06/14/04 04/18/07 2,776.76 1,795.20 - 981.56185 Standard Pac Corp New 05/04/04 04/18/07 4,057.27 4,691.87 - (634.60)80 Standard Pac Corp New 05/13/04 04/18/07 1,754.49 1,820.41 - (65.92)

200 Standard Pac Corp New 05/21/04 04/18/07 4,386.23 4,752.00 - (365.77)120 Standard Pac Corp New 05/28/04 04/18/07 2,631.74 3,022.80 - (391.06)200 Standard Pac Corp New 06/04/04 04/18/07 4,386.23 4,930.00 - (543.77)240 Standard Pac Corp New 06/14/04 04/18/07 5,263.48 5,566.27 - (302.79)595 Stein Mart Inc 11/30/04 04/18/07 10,180.28 9,936.50 - 243.7885 Stein Mart Inc 12/02/04 04/18/07 1,454.33 1,402.65 - 51.6886 Stein Mart Inc 09/19/05 04/18/07 1,471.44 2,000.13 - (528.69)

11 of 13





309 Stein Mart Inc 09/20/05 04/18/07 5,286.91 7,269.94 - (1,983.03)595 Sterling Financial 01/25/06 04/18/07 18,379.79 15,322.03 - 3,057.76

5 Student Loan Corp 12/09/03 04/18/07 984.96 703.75 - 281.2110 Student Loan Corp 12/30/03 04/18/07 1,969.94 1,459.90 - 510.0410 Student Loan Corp 05/13/04 04/18/07 1,969.94 1,385.00 - 584.9410 Student Loan Corp 05/21/04 04/18/07 1,969.94 1,460.00 - 509.9420 Student Loan Corp 05/28/04 04/18/07 3,939.87 2,866.80 - 1,073.0710 Student Loan Corp 06/04/04 04/18/07 1,969.94 1,442.20 - 527.7420 Student Loan Corp 06/14/04 04/18/07 3,939.87 2,813.60 - 1,126.2750 Student Loan Corp 12/23/04 04/18/07 9,849.66 8,998.18 - 851.48

610 Sunrise Assisted Living 05/23/05 04/18/07 24,838.70 15,856.86 - 8,981.84106 Sunrise Assisted Living 10/24/05 04/18/07 4,316.23 3,441.82 - 874.41294 Sunrise Assisted Living 10/25/05 04/18/07 11,971.44 9,546.62 - 2,424.82645 Swift Energy Company 08/11/04 04/18/07 27,192.78 12,208.11 - 14,984.671020 Timken Company 10/06/05 04/18/07 31,690.91 28,684.24 - 3,006.67

89 U R S Corp New 01/12/06 04/18/07 3,919.62 3,607.07 - 312.55506 U R S Corp New 01/13/06 04/18/07 22,284.56 20,610.65 - 1,673.9170 U R S Corp New 01/17/06 04/18/07 3,082.84 2,840.81 - 242.03

344 United Fire & Casualty Co 09/13/05 04/18/07 12,487.90 13,818.55 - (1,330.65)131 United Fire & Casualty Co 09/14/05 04/18/07 4,755.57 5,369.22 - (613.65)25 Valspar Corporation 04/02/04 04/18/07 684.49 628.62 - 55.8740 Valspar Corporation 05/13/04 04/18/07 1,095.18 972.80 - 122.38120 Valspar Corporation 05/21/04 04/18/07 3,285.54 2,848.20 - 437.34100 Valspar Corporation 05/28/04 04/18/07 2,737.96 2,389.00 - 348.9680 Valspar Corporation 06/04/04 04/18/07 2,190.37 1,967.20 - 223.17100 Valspar Corporation 06/14/04 04/18/07 2,737.96 2,442.50 - 295.46

5 Watsco Inc 12/24/03 04/18/07 244.90 114.50 - 130.4020 Watsco Inc 12/30/03 04/18/07 979 58 462.60 - 516.9840 Watsco Inc 05/13/04 04/18/07 1,959.17 1,062.40 - 896.77110 Watsco Inc 05/21/04 04/18/07 5,387.72 2,877.60 - 2,510.12100 Watsco Inc 05/28/04 04/18/07 4,897 92 2,625.00 - 2,272.92

12 of 13


FEIN # 54-1850780




90 Watsco Inc 06/04/04 04/18/07 4,408.13 2,351.70 - 2,056.43

70 Watsco Inc 06/14/04 04/18/07 3,42 8.55 1,864 .28 - 1,564.27

20 Winnebago Industries Inc 12/30/03 04/18/07 675.84 700.00 - (24.16)20 Winnebago Industries Inc 04/02/04 04/18/07 675.84 668 .80 - 7.0450 Winnebago Industries Inc 05/13/04 04/18/07 1,689.59 1,328.50 - 361.0990 Winnebago Industries Inc 05/21/04 04/18/07 3,041.25 2,362.50 - 678.7540 Winnebago Industries Inc 05/28/04 04/18/07 1,351.68 1,143 .60 - 208.08

50 Winnebago Industries Inc 06/04/04 04/18/07 1,689.59 1,456.00 - 233.59

40 Winnebago Industries Inc 06/14/04 04/18/07 1,351.68 1,201.43 - 150.25


TOTAL

1,659,773.49 1, 149,325.92 - 510,447.57

2,113,758.73 1,594,134.80 9,176.36 510,447.57

13 of 13


FEIN # 54-18507802007 990 PF: Capital Gains & Losses

Schedule D-23



26269.702 Heartland Select Value 05/03/06 01/25/07 740,280.20 750,000.00 (9,719.80) -134.939 Heartland Select Value 12/27/06 01/25/07 3,802.58 3,802.57 0.01 -

1637.358 Heartland Select Value 12/27/06 01/25/07 46,140.75 46,140.74 0.01 -52.632 Munder Mid Cap Core Growth 09/27/06 01/25/07 1,334.75 1,250.00 84.75 -

30048.077 Munder Mid Cap Core Growth 05/03/06 01/25/07 762,019.23 750,000.00 12,019.23 -

Net Short-Term Gains (Losses) 1,553,577.51 1,551,193.31 2,384.20 -

4935.834 Euro Pac Growth Fund 05/03/06 06/13/07 250,000.00 230,947.66 - 19,052.34300 iShares MSCI Emerging Market F 03/08/05 06/13/07 37,975.66 22,070.39 - 15,905.27832 iShares MSCI Emerging Market F 03/08/05 06/13/07 105,319.17 61,208.56 - 44,110.611308 iShares MSCI Emerging Market F 03/08/05 06/13/07 165,573.88 96,226.91 - 69,346.971500 iShares MSCI Emerging Market F 03/08/05 06/13/07 189,878.30 110,351.96 - 79,526.344869 Rydex ETF Trust 12/27/04 06/13/07 249,863.30 188,403.59 - 61,459.71

71 Rydex ETF Trust 12/27/04 08/31/07 3,460.74 2,747.31 - 713.431400 Rydex ETF Trust 05/02/06 08/31/07 68,239.88 62,163.53 - 6,076.352542 Rydex ETF Trust 05/02/06 08/31/07 123,904.13 112,871.22 - 11,032.91

Net Long-Term Gains (Losses) 1,194,215.06 886,991.13 - 307,223.93

TOTAL 2,747,792. 57 2,438,184.44 2,384.20 307,223.93

1of I





51 American Home Mortgage Investor 11/28/06 04/12/07 1,073.23 1,762.05 (688.82) -100 American Home Mortgage Investor 11/28/06 04/12/07 2,104.37 3,456.00 (1,351.63) -100 American Home Mortgage Investor 11/28/06 04/12/07 2,104.37 3,456.00 (1,351.63) -109 American Home Mortgage Investor 11/28/06 04/12/07 2,293.75 3,765.95 (1,472.20) -272 Aquantive 11/28/06 05/21/07 17,296.48 6,233.70 11,062.78 -28 Aquantive 11/28/06 07/05/07 1,816.33 641.70 1,174.63 -100 Aquantive 11/28/06 07/05/07 6,486.90 2,291.80 4,195.10 -100 Aquantive 11/28/06 07/05/07 6,486.90 2,291.80 4,195.10 -131 Banco Bilbao Argen ADR 11/28/06 09/12/07 9,398.47 7,448.14 1,950.33 -0.2 Banco Bilbao Argen ADR 11/28/06 09/17/07 4.31 4.06 0.25 -249 Banco Bilbao Argen ADR 11/28/06 10/11/07 6,125.80 5,056.12 1,069.68 -24 Blackrock Inc 11/28/06 11/13/07 4,679.92 3,469.44 1,210.48 -90 Ceradyne 11/28/06 04/05/07 5,164.12 4,703.40 460.72 -6 Chicago Mercantile Exchange 11/28/06 11/13/07 3,840.36 3,216.00 624.36 -

24 Cognizant Tech Sol Cl A 11/28/06 03/08/07 2,182.73 1,884.41 298.32 -100 Constellation Brand Cl A 11/28/06 01/10/07 2,496.92 2,791.00 (294.08) -200 Constellation Brand Cl A 11/28/06 01/10/07 4,993.85 5,582.00 (588.15) -270 Constellation Brand CIA 11/28/06 01/10/07 6,741.69 7,535.30 (793.61) -0.75 Crown Castle International Cor 11/28/06 01/17/07 27.20 30.18 (2.98) -60 Emcor Group 11/28/06 02/15/07 3,586.08 3,528.96 57.12 -

320 Emcor Group 11/28/06 10/12/07 10,168.64 9,410.56 758.08 -35 Entergy Corp New 11/28/06 02/15/07 3,479.59 3,132.29 347.30 -175 Euronet Worldwide Inc 11/28/06 02/15/07 4,763.70 5,757.15 (993.45) -270 Gamestop Corporation 11/28/06 09/26/07 15,818.38 7,401.92 8,416.46 -74 Graco Incorporated 11/28/06 03/08/07 2,894.05 2,986.34 (92.29) -176 Graco Incorporated 11/28/06 04/05/07 6,947.31 7,102.66 (155.35) -90 Helmerich & Payne Inc 11/28/06 01/10/07 2,085.23 2,288.70 (203.47) -100 Helmerich & Payne Inc 11/28/06 01/10/07 2,316.93 2,543.00 (226.07) -100 Helmerich & Payne Inc 11/28/06 01/10/07 2,316.93 2,543.00 (226.07) -136 Hologic 11/28/06 05/31/07 7,354.76 6,550.03 804.73 -

I of 4





0.8 Hologic 11/28/06 10/24/07 52.39 40.06 12.33 -1 Itron Inc New 01/10/07 10/19/07 101.15 55.32 45.83 -

71 Itron Inc New 01/10/07 10/19/07 7,175.86 3,927.72 3,248.14 -100 Jarden Corp 11/28/06 08/09/07 3,329.94 3,586.00 (256.06) -10 Jarden Corp 11/28/06 08/09/07 332.99 358.60 (25.61) -

200 Jarden Corp 11/28/06 08/09/07 6,659.90 7,172.00 (512.10) -85 Joseph A Bank Clothiers 11/28/06 02/15/07 2,692.71 2,505.29 187.42 -128 Joseph A Bank Clothiers 11/28/06 10/12/07 4,286.91 3,772.67 514.24 -227 Joseph A Bank Clothiers 11/28/06 11/01/07 6,503.45 6,690.60 (187.15) -190 KB Home 11/28/06 05/03/07 8,570.95 9,113.73 (542.78) -56 L-3 Communications Hldgs 11/28/06 03/08/07 4,787.85 4,512.23 275.62 -8 Lamar Advertising Co A 02/15/07 06/07/07 514.47 527.42 (12.95) -

70 Mcdermott Intl Inc 11/28/06 06/21/07 5,695.81 3,465.70 2,230.11 -95 Mcdermott Intl Inc 11/28/06 10/24/07 5,402.94 2,351.73 3,051.21 -100 Mcdermott Intl Inc 11/28/06 10/24/07 5,686.91 2,475.50 3,211.41 -340 Mobile Mini 11/28/06 10/26/07 5,766.30 9,531.56 (3,765.26) -10 Mobile Mini 12/06/06 10/26/07 169.60 290.10 (120.50) -25 Mobile Mini 12/06/06 10/26/07 424.24 725.25 (301.01) -75 Mobile Mini 12/06/06 10/26/07 1,272.73 2,175.75 (903.02) -24 Mobile Mini 12/06/06 10/26/07 407.03 696.24 (289.21) -

1 Mobile Mini 12/06/06 10/26/07 16.96 29.01 (12.05) -5 National Oilwell Inc 11/28/06 09/19/07 680.08 318.15 361.93 -

15 National Oilwell Inc 11/28/06 09/19/07 2,040.26 954.45 1,085.81 -30 National Oilwell Inc 11/28/06 09/19/07 4,080.53 1,908.90 2,171.63 -100 National Oilwell Inc 11/28/06 10/19/07 7,313.88 3,181.50 4,132.38 -100 National Oilwell Inc 11/28/06 10/19/07 7,314.88 3,181.50 4,133.38 -200 National Oilwell Inc 11/28/06 10/19/07 14,629.77 6,363.00 8,266.77 -100 National Oilwell Inc 11/28/06 10/19/07 7,313.88 3,181.50 4,132.38 -120 Nektar Therapeutics 11/28/06 04/12/07 1,525.35 1,896.00 (370.65) -100 New Jersey Resources 11/28/06 03/29/07 5,015.92 5,115.50 (99.58) -

2of4





140 New Jersey Resources 11/28/06 03/29/07 7,022.29 7,161.70 (139.41) -10 Noble Drilling Corp 11/28/06 03/16/07 742.00 744.80 (2.80) -

100 Noble Drilling Corp 11/28/06 03/16/07 7,419.96 7,448.00 (28.04) -120 Northeast Utilities 11/28/06 02/15/07 3,490.81 3,325.08 165.73 -380 Old Dominion Freight Lines 11/28/06 10/24/07 8,629.28 10,358.80 (1,729.52) -15 P M I Group Inc 11/28/06 09/26/07 484.34 647.40 (163.06) -25 P M I Group Inc 11/28/06 09/26/07 807.24 1,079.00 (271.76) -100 P M I Group Inc 11/28/06 09/26/07 3,228.95 4,316.00 (1,087.05) -200 P M I Group Inc 11/28/06 09/26/07 6,455.90 8,632.00 (2,176.10) -70 Phelps Dodge Corporation 11/28/06 02/15/07 8,688.83 8,439.80 249.03 -100 Phelps Dodge Corporation 11/28/06 02/15/07 12,412.62 12,057.00 355.62 -360 Precision Drilling Cl Af 11/28/06 02/15/07 7,977.71 8,862.48 (884.77) -360 Pulte Homes Inc 11/28/06 04/05/07 9,727.77 11,058.66 (1,330.89) -100 RAIT Financial Trust 06/07/07 08/07/07 746.19 2,840.00 (2,093.81) -100 RAIT Financial Trust 06/07/07 08/07/07 746.19 2,840.00 (2,093.81) -104 RAIT Financial Trust 06/07/07 08/07/07 776.03 2,953.60 (2,177.57) -130 ResMed 11/28/06 04/20/07 6,292.10 6,463.34 (171.24) -4 Service Corp Intl 12/06/06 06/07/07 53.55 41.00 12.55 -

388 Service Corp Intl 12/06/06 11/05/07 5,412.51 3,976.81 1,435.70 -39 SRA International 11/28/06 03/20/07 895.03 1,123.51 (228.48) -41 SRA International 11/28/06 03/20/07 940.93 1,181.13 (240.20) -59 SRA International 11/28/06 03/20/07 1,353.61 1,699.67 (346.06) -

231 SRA International 11/28/06 03/20/07 5,299.05 6,654.65 (1,355.60) -140 Stericycle 11/28/06 07/10/07 6,101.66 5,048.54 1,053.12 -15 Stericycle 11/28/06 10/24/07 802.33 540.92 261.41 -60 Stericycle 11/28/06 10/24/07 3,209.35 2,163.66 1,045.69 -

280 Tetra Technologies 01/10/07 08/16/07 4,988.40 6,322.12 (1,333.72) -100 Tractor Supply Company 11/28/06 02/15/07 4,865.85 4,655.00 210.85 -40 Tractor Supply Company 11/28/06 02/15/07 1,946.34 1,862.40 83.94 -100 Tractor Supply Company 11/28/06 02/15/07 4,865.85 4,656.00 209.85 -

3 of 4





358 Veeco Instruments 11/28/06 08/16/07 5,692.11 6,730.40 (1,038.29) -2 Veeco Instruments 11/28/06 08/16/07 31.80 37.60 (5.80) -

98 Veeco Instruments 04/12/07 08/16/07 1,558.17 1,901.89 (343.72) -100 Veeco Instruments 04/12/07 08/16/07 1,589.97 1,940.70 (350.73) -70 Weatherford International 11/28/06 03/08/07 3,011.30 2,921.70 89.60 -25 Zions Bancorp 05/03/07 11/20/07 1,237.92 2,066.15 (828.23) -100 Zions Bancorp 05/03/07 11/20/07 4,951.67 8,265.00 (3,313.33) -


540 American Commercial Lines 11/28/06 11/29/07 9,093.46 18,675.90 - (9,582.44)

0.5 XTO Energy 11/28/06 12/14/07 24.29 19.17 - 5.12

Net Long-Term Gains (Losses) 9,117.75 18,695.07 - (9,577.32)

TOTAL 420,388.30 390,678.22 39,287.40 (9,577.32)

4 of 4





0.784 AbitibiBowater Canada 04/24/07 11/07/07 20.24 34.56 (14.32) -908 AbitibiBowater Canada 04/24/07 11/12/07 19,587.26 40,026.84 (20,439.58) -

2753 Accuride Corporation 04/24/07 11/08/07 19,582.06 40,079.55 (20,497.49) -2113 Aventine Renewable Energy Hold 04/24/07 10/04/07 18,748.99 40,098.40 (21,349.41) -1825 Bankunited Finl Corp A 04/24/07 10/19/07 19,226.08 40,073.72 (20,847.64) -758 Bon-Ton Stores 04/24/07 08/01/07 18,756.72 39,994.81 (21,238.09) -

2336 Builders FirstSource 04/24/07 10/31/07 17,082.90 40,343.42 (23,260.52) -3967 Delta Financial 04/24/07 08/10/07 16,131.16 40,262.67 (24,131.51) -1622 Esmark, Inc. 04/24/07 12/13/07 18,409.90 40,216.03 (21,806.13) -

17805 Gateway Inc 04/24/07 11/21/07 33,829.50 40,239.30 (6,409.80) -2461 Irwin Financial 04/24/07 12/19/07 18,932.18 40,097.81 (21,165.63) -1494 Volt Info Sciences 04/24/07 11/21/07 19,367.92 40,137.51 (20,769.59) -

Total Short-Term Gains (Losses) 219,674.91 441,604.62 (221,929.71) -

Iof !





0.25 Broadridge Financial Solutions 01/30/07 04/03/07 4.94 4.58 0.36 -176 Broadridge Financial Solutions 01/30/07 05/07/07 3,683.78 3,223.51 460.27 -620 SLM Corporation 09/13/06 04/24/07 33,458.59 32,109.12 1,349.47 -

Net Short-Term Gains (Losses) 37,147.31 35,337.21 1 ,810.10 -

555 Affiliated Computer Cl A 02/02/05 01/25/07 27,400.73 29,714.70 - (2,313.97)770 Affiliated Computer Cl A 05/17/05 01/25/07 38,015.43 36,798.30 - 1,217.13

223.425 Bank Of America Corp. 06/04/04 07/26/07 10,535.07 11,499.09 - (964.02)598.575 Bank Of America Corp. 02/02/05 07/26/07 28,224.34 32,085.75 - (3,861.41)

845 Bed Bath & Beyond 05/17/05 09/17/07 27,788.49 32,270.55 - (4,482.06)877 Canon ADR 02/21/06 10/04/07 48,485.95 35,810.30 - 12,675.65555 Citigroup Inc 02/02/05 11/07/07 18,941.58 27,461.40 - (8,519.82)135 Citigroup Inc 05/17/05 11/07/07 4,607.41 6,335.55 - (1,728.14)840 Constellation Brand Cl A 06/22/04 02/14/07 20,575.33 15,254.40 - 5,320.93490 Constellation Brand Cl A 02/02/05 02/14/07 12,002.28 13,097.70 - (1,095.42)600 Constellation Brand Cl A 02/02/05 02/14/07 14,696.67 16,038.00 - (1,341.33)100 Dollar Tree Stores 06/22/04 02/12/07 3,289.89 2,746.90 - 542.99165 Dollar Tree Stores 06/22/04 02/12/07 5,428.33 4,532.38 - 895.95200 Dollar Tree Stores 06/22/04 02/12/07 6,579.79 5,493.80 - 1,085.9920 Dollar Tree Stores 06/22/04 02/12/07 657.98 549.38 - 108.60

775 Dollar Tree Stores 02/02/05 02/12/07 25,496.71 21,335.75 - 4,160.96100 Dollar Tree Stores 02/02/05 02/12/07 3,289.89 2,753.00 - 536.89445 Factset Research Systems 10/19/05 03/27/07 28,016.68 14,997.83 - 13,018.8580 General Dynamics Corp 05/24/04 06/05/07 6,321.67 3,746.80 - 2,574.87

230 General Dynamics Corp 02/02/05 06/05/07 18,174.80 11,958.85 - 6,215.95195 Harley Davidson Inc 10/12/04 03/12/07 12,158.17 11,657.00 - 501.17520 Harley Davidson Inc 02/02/05 03/12/07 32,421.78 31,855.20 - 566.5860 Johnson Controls 02/02/05 05/04/07 6,469.12 3,582.60 - 2,886.52120 Kinder Morgan Inc 05/28/04 05/30/07 12,900.00 7,178.40 - 5,721.60

I of 2


FEIN # 54-1850780




460 Kinder Morgan Inc 02/02/05 05/30/07 49,450.00 35,098 .00 - 14,352.00

265 Kinder Morgan Inc 05/17/05 05/30/07 28,487.50 19,795.50 - 8,692.00

1190 Lowes Companies Inc 05/17/05 07/20/07 35,389.69 33,212.90 - 2,176.79

990 Nabors Industries 11/29/06 12/11/07 27,874.01 33,526.25 - (5,652.24)

181 Pfizer Incorporated 02/02/05 02/12/07 4,774.90 4,353 .05 - 421.85

1810 Pfizer Incorporated 03/18/05 02/12/07 47,749.05 46,752.30 - 996.75

Net Long-Term Gains (Losses) 606,203 .24 551 ,491.63 - 54,711.61

TOTAL 643,350.55 586,828.84 1,810.10 54,711.61

2 of 2

ACI'

6ZMerrill Lynch



Your Tax Reporting Statement information that follows is a personal summary of your account activity and Is not reported to the IRS.

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral, or wash sales adjustments. RICs (which may includemutual 'funds and unit investment trusts) may reclassl fy principal distributions as capital gains . The cost basis for these securities may not have been ad 'I uste on your statement to reflect suchreclassifications. Please refer to information provided' by the RIC and discuss with your Pax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations Includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketin event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your original cost and the amount allocable to the debt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in Income received. In calculating gain (loss), unless otherwise noted-, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have Included items such as margin Interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor. For select clients , we have also included a summary of Visa charges and checking activity.

Merrill Lynch Is neither a tax return preparer or tax advisor. Please see your tax advisor for more Information.



SHORT TERM CAPITAL GAINSACORN INTERNATL INC ADR 200.0000 05/02/07 09/20107 3,287.94 3,100.00 187.94-

200.0000 05/02/07 09/20/07 3,291.94 3,100.00 191.94100.0000 05/02/07 09/20/07 1,648.97 1,550.00 98.97

PROSHARES TR ULTRA S AND 200.0000 02/15/07 04/18/07 18,241.71 18,074.00 167.71400.0000 02115/07 04/18/07 36,483.45 36,156.00 327.45200.0000 02/15/07 04/26/07 18,821.71 18,077.99 743.72600.0000 02/15/07 05/14/07 56,945.12 54,234.00 2,711.12400.0000 02/15/07 05/18/07 38,887.40 36,156.00 2,731.40100.0000 02/15/07 05/18/07 9,722.85 9,039.00 683.85200.0000 02/15/07 05/30/07 19,315.70 18,078.01 1,237.69200.0000 02/15/07 05/30/07 19,315.70 18,086.00 1,229.70

VENTAS INC 1000.0000 05/17/07 09/20/07 41,159.37 40,500.00 659.37

Subtotal 267,121.86 256,151.00 10,970.86

?arIq 3

Merrill Lynch



2007 CAPITAL GAIN AND LOSS TRANSACTIONSDate Acquired Date Liquidated Amortization/Accrel.lon

Security Description Quantity Cover of Short Short Sal Year-to-Date Life to-Date Sales Price Cost Basis - Gain or (Loss)

SHORT TERM CAPITAL LOSSESALLEGIANT TRAVEL CO 619.0000 05/23/07 09/20/07 18,414,96 19,653.25 (1,238.29)

100.0000 05/23/07 09/20/07 2,976.95 3,174.99 (198.04)100.0000 05/23/07 09120/07 2,977.95 3,175.00 (197.05)28.0000 05/23/07 09/20/07 835.50 889.00 (53.50)53.0000 05/23/07 09/20/07 1,581.49 1,682.75 (101.26)

100.0000 05/23/07 09/20/07 2,983.95 3,175.01 (191.06)

AMICUS THERAPEUTICS INC

FTD GROUP INC

PROSHARES TR ULTRA S AND

HOSPITALITY PPTYS TRUST

KAYNE ANDERSON MLP

ML&CO ARN NKY

SYNTAX BRILLIAN CORP

SUPERIOR OFFSHORE INTL


50.0000 05/30/07 09/13/07100.0000 05/30/07 09/13/07100.0000 05/30/07 09/13/07

500.0000 03/07/07

1200.0000 02/15/07

300.0000 02/13/07300.0000 02/13/07

400.00001000.0000100.0000

5000.0000

3700.0000500.0000800.0000

04/17/0704/17/0704/17/07

03/01/07

05/24/0705/24/0705/24/07

100.0000400.0000

09/20/07

03/26/07

05/30/0705/30/07

06/25/0706/25/0706/25/07

09/26/07

09/13/0709/13/0709/13/07

04/19/07 09/13/0704/19/07 09/13/07

Subtotal

618.491,243.981,243.98

7,569.88

104,398.40

13, 292.7913, 295.79

13,283.7933,219.493,322.94

46,699.28

14,873.772,009.963,215.95

1,177.984,711.92

293,949.19

750.001,500.001,500.00

8,750.00

108,444.00

14,301.0014,IQ2Dq

14,679.9935`CISC1

3,670.00

50,000.00

21,275.002,874.994,600.01

1,500.006,000.00

%21,71&

(131.51)(256.02)(256.02)

(1,180.12)

(4,045.60)

(1,008.21)(82c^ . BO)

(1,396.20)C2.77q.12)

(347.06)

(3,300.72)

(6,401.23)(865.03)

(1,384.06)

(322.02)(1,288.08)

(2'r,1c. .50)

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l errill Lynch 2007 Capital Gains & LossesSchedule D - 27 Pg. 3 of 3




TOTAL CAPITAL GAINS AND LOSSESTOTAL REPORTABLE GROSS PROCEEDSDIFFERENCE

561,071 .05 57^ , 8(Q-4 (i(, ,'IgS.^y561,071.05

.000

Note: Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation offractional shares and the proceeds from certain tender offers). It also reflects items that are Included In the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).

REALIZED CAPITAL GAIN AND LOSS SUMMARY

SHORT TERM GAINS SHORT TERM LOSSES LONG TERM GAINS LONG TERM LOSSES

TOTAL 10,970.86 .00 .00

Ta5C 3 i^ 3


11

Estimated 2007 gains and losses for transactions with trade dates through 12/31/07 have been incorporated Into this statement. The oldest security lot Is liquidated first to calculate gains/losses (first-in, first-out or FIFOaccounting method) unless you spec/ led which lot to close when you placed your order (a versus purchase or VSP order). An asterisk (`) indicates a UBS Financial Services adjustment to cost basis. The number ' 1' Indicates costbasis Information has been provided by a source other than UBS Financial Services. See the back of the first page for additional Information. This Information is provided for informational purposes only and should not be reliedupon for tax-filing purposes. Rely only on year-end tax forms when preparing your tax return. Gains/losses may not be adjusted for all capital changes. Cost basis for tax-exempt and AMT eligible coupon municipal securities hasbeen adjusted automatically for estimated amortization of bond premiums. Estimates in the 'Unclasslfed' section cannot be classified as short-term or long-term due to missing Information or the product is one for which again/loss calculation is not provided.

Quantity/ Purchase Sale Sale Pu,chase NetSecurity description Method Face value date date amount amount Loss Gain gaiMoss

Short-term capital gains and losses:DEERE AND CO FIFO 25.000 11/03/06 06/15/07 $ 3,042.09 $ 2,167.57 $ 874.52

FIFO 20.000 10/24/06 06/12/07 2,341.08 1,715.99 625.09

FIFO 5.000 11103/06 06/12/07 585.27 433. 51 151.76

FIFO 15.000 09/01/06 06/06/07 1,760.14 1,169.53 590.61

FIFO 10.000 10/24/06 06/06/07 1,173.43 857.99 315.44


T'Qr3, \ ^ !5-



Security desalption MethodQuantity/

Face valuePurchase

dateSaledate

Sale Purchase Netamount amount Loss Gain oaln/loss

FIFO 35 .000 08/25/06 05/30/07 $ 4,036.79 $ 2,582.15 1,454.64FIFO 15 . 000 09/01/06 05/30/07 1,730.05 1_169.53 560 52DTE ENERGY CO FIFO 40 .000 04/24/06 02/27/07 1,905.03 1,63-9.85

.

265.18FIFO 20 .000 04/24/06 02/26/07 957 .90 819.93 137.97FIFO 60.000 04/24/06 02/06/07 2,834 . 60 2,459.78 374.82FIFO 50 .000 04/24/06 01 /26/07 2,301.18 2,049.82 251.36FIFO 70.000 04/24/06 01/19(07 3,212 . 16 2,869.74 342.42

GLOBALSANTAFE CORP Adjustment 40.000 05/04/07 11/27/07 3,444. 73 2,619.00 825.73MERGER AIO 11/2007 Adjustment 50.000 05/14/07 11/27/07 4,305.91 3,325 .59 980.32L-Trt0,n5ocx Cu- IriG Adjustment 45.000 05/18/07 11/27/07 3,875 .32 3,019 . 63 855.69

(Pi(,Adjustment 30.000 05/29/07 11 /27/07 2 ,583.55 2,026. 73 556.82Adjustment 10.000 05/30/07 11/27/07 861 . 18 -695-q2- 164.26

HEINZ H J CO FIFO 65.000 12/05/06 05/25/07 3,054.25 2,924 .41 129.84FIFO 55.000 11/17/06 05(10(07 2,543.52 2,413.42 130.10FIFO 55 .000 11/09/06 05/02/07 2,570 . 69 2,357.59 213.10FIFO 5.000 11/17/06 05/02/07 233 .70 219.40 14.30FIFO 65.000 10/30/06 04/23/07 3,113.59 2,729.19 384.40

INTL BUSINESS MACH FIFO 25.000 10/02/06 09/28/07 2,944.43 2,048 .56 895.87FIFO 5.000 10/02/06 09/24/07 583.76 409 . 71 174.05

KRAFT FOODS INC CL A Adjustment .883 04/24/06 04/02/07 27 . 02 21.66 5.36LYONDELL CHEMICAL CO FIFO 90 .000 04/24/06 03(22/07 2,839.81

_

1 ,987.07 852.74CASH MERGER NO 12/07 FIFO 85.000 04/24/06 03/12/07 2,682.91 1,876 . 67 806.24

FIFO 85 .000 04/24/06 02120/07 2,742.87 1,876.67 866.20FIFO 180 .000 04/24/06 02105/07 5,551 . 90 3,974 . 13 1,577.77

MARATHON OIL CORP FIFO 25 .000 04/24/06 04/18/07 2,515.14 2,108.25 406.89

FIFO 25.000 04/24/06 04/13/07 2,540 . 28 2,108.25 432.03

FIFO 25.000 04/24/06 04/04/07 2,554.54 2,108 .25 446.29

FIFO 35 .000 04/24/06 03130/07 3 ,547.00 2,951 .55 595.45

MASCO CORP FIFO 100.000 04/24/06 03/30/07 2,743 . 14 3,241.00 -497.86

FIFO 90.000 04/24/06 03/23/07 2,535.42 2,916 . 90 -381.48

FIFO 95.000 04/24/06 03/14/07 2,667 . 66 3,078.95 -411.29

FIFO 15 .000 04/24/06 03/07/07 430 . 11 486.15 -56.04

PETROLEO BRASILEIRO SA FIFO 45.000 04/04/07 12/21/07 5,079 . 78 2,283.23 2,796.55


145C, 2 e6 S


2007 Realized gains and losses - continuedQuantity/ Purchase sale sale Purchase NetSecuritydesalption Method Face value date date amount amount Loss Gain neln/loss

FIFO 5.000 04/12/07 12/21/07 $ 564.42 $ .259.95 304.47FIFO 60.000 03/29/07 12/13/07 6,481.67 2,986.86 3,494.81FIFO 5.000 04/04/07 12/13/07 540.14 .153.69 286.45

SUPERVALU INC FIFO 65.000 06/22/06 06/14/07 3,049.54 1,945.46 1,104.08FIFO 60.000 06/14/06 06/05/07 2,906.40 1,769.96 1,136.44FIFO 30.000 05/25/06 05/22/07 1,404.36 696.48 507.88FIFO 35.000 06/14/06 05/22/07 1,638.42 1,032.48 605.94FIFO 30.000 05/24/06 05/14/07 1,402.53 877.49 525.04FIFO 5.000 05/25/06 05/14/07 233.75 1 49.41 84.34

TRANSOCEAN INC NEW SHS FIFO 12.000 05/29/07 12/31/07 1,717.77 1,636.93 80.84ORD FIFO 6.000 05/30/07 12/31/07 858.89 611.37 247.52

FIFO 18.000 05/18/07 12/24/07 2,613.95 2,455.39 158.58

FIFO 2.000 05/29/07 12/24/07 290.44 272.82 17.62

FIFO 19.000 05/04/07 12/19/07 2,582.371 2,546.33 36.04

FIFO 23.000 05/14/07 12/19/07 3,126.02 3,182.91 -56.89

FIFO 3.000 05/18/07 12/19/07 407.74 409.23 -1.49

Adjustment .247 05/30/07 11/27/07 33.12 25.21 7.91

TXU CORP''CASH MERGER FIFO 45.000 02/23/07 09/06/07 3,027.52 2,666.79 360.73

EFF 10/07*"' FIFO 40.000 02/06/07 09/05/07 2,672.99 2,250.76 422.23

FIFO 35.000 01/25/07 08/31/07 2,363.93 1,900.92 463.01

FIFO 10.000 02106/07 08/31/07 675.41 562.69 112.72

FIFO 50.000 01/12/07 08/27/07 3,293.77 2,752.08 541.69

FIFO 15.000 01/25/07 08/27/07 988.13 814 .68 173.45

Total $ 137,325.21 $ 108,004.16 _ $ -1,405.05 $ 30,726.10 $ 29,321.05

Long-term capital gains and losses,

FREDDIE MAC FIFO 35.000 04/24/06 12/11/07 $ 1,165.50 $ 2,103.85 $ -938.35

FIFO 15.000 04/24/06 12/06/07 539.00 901.65 -362.65

FIFO 60.000 04/24/06 12/03/07 2,003.70 3,606.60 11,602.90

FIFO 50.000 04/24/06 11/28/07 1,456.36 3,005.50 -1,549.14

INTL BUSINESS MACH FIFO 20.000 09/14/06 09/24/07 2,335.03 1,650.40 684.63

FIFO 10.000 08/29/06 09/20/07 1,166.70 813 44 353.26

FIFO 15.000 09/14/06 09/20/07 1,750.04 1,237.80 512.24


lak^, 31 5



Ouantty! Purchase Sale Sale Purchase NotSeaur*y desalpdon Method Face value date date amount amount Loss Gain galn4oss

FIFO 40 . 000 08/18/06 09/17/07 $ 4,581.30 $ 3, 192.24 1 ,389.06FIFO 10 .000 08129/08 09/17/07 1,145.33 813.44 331.89

KEYSPAN CORP CASH MERGER FIFO 70 .000 04/24/06 08/13/07 2,905.17 2,811.20 93.97

NO 8/2007 FIFO 65.000 04/24/06 08/03/07 2 ,721.67 2 ,610.40 111.27

FIFO 35 .000 04/24/08 07/27107 1 ,456.17 1,405 .60 50.57

MERCK & CO FIFO 45 . 000 04/24/08 11/19107 2,621.49 1,548.45 1,073.04

FIFO 55.000 04/24/06 11 /13/07 3,134.13 1,892.55 1,241.58

FIFO 50.000 04/24/06 11/09/07 2 , 793.95 1,720.50 1,073.45

FIFO 20 . 000 04/24/06 11/05/07 1,124.63 688.20 436.43

FIFO 60.000 04/24/06 11/02/07 3,350 . 08 2,064 . 60 1,285.46

MORGAN STANLEY FIFO 35.000 04/24/06 07/05/07 2,539.1 { 6%. Iq 040.q}

FIFO 35 .000 04/24/06 06/28/07 2,994.77 2,287.25 707.52

FIFO 30 .000 04/24/06 06/25/07 2 ,535.13 1,960.50 574.63

FIFO 50 .000 04/24/06 06/20/07 4 ,369.1 3,267.50 -4,101.65

PETROCHINA CO LTD SPON FIFO 20.000 04/24/06 09/18/07 2,943.55 2 ,280.60 662.95

ADR FIFO 20 . 000 04/24/06 09/12/07 2,898.69 2,280.60 618.09

FIFO 20.000 04/24/06 09/05/07 2 , 858.07 2 ,280.60 577.47

FIFO 25.000 04/24/06 08/31/07 3 ,626.44 2 ,850.75 775.69

STANLEY WORKS FIFO 55.000 04/24/08 12/18/07 2 ,617.90 2 ,946.35 -328.45

FIFO 50 .000 04/24/06 12/03/07 2 ,574.80 2,678.50 - 103.70

FIFO 50 .000 04/24106 11/16/07 2,585 .60 2,678 .50 -92.90

FIFO 10.000 04/24/08 11 /08/07 527.71 535. 70 -7.99

FIFO 15.000 04/24/06 11/07/07 789.59 803.55 -13.96

SUPERVALU INC FIFO 90 .000 05/11/06 05/14/07 4,207.58 2,601.59 1,605.99

WASH MUTUAL INC FIFO 165 .000 04/24/06 12/18/07 2,462.72 7 ,337.55 -4,874.83

FIFO 115.000 04/24/08 12113/07 1,735 .39 5,114 .05 -3 ,378.66

FIFO 60.000 04/24/06 12105/07 1,135 .27 2,668 . 20 -1,532.93

FIFO 95 .000 04/24/06 12/04107 1,761 . 29 4,224 .65 -2,463.36

WHIRLPOOL CORP FIFO 25 .000 04/24/06 05130/07 2,777. 87 2,254. 25 523.82

FIFO 25.000 04/24/06 05/21/07 2,834.09 2 , 254.25 579.84

FIFO 25.000 04/24/06 05/14/07 2 , 794.96 2,254.25 540.71

FIFO 35.000 04/24/06 05/07/07 3,890.37 3.,155.9L 734.42

$ 103 -3B$ 93710 .33 $ Q $ -1724982 $ 182 O•40

Total


Tv, 4 1 s


2007 Realized gains and losses - continuedOuantlty/ Purchase Sale Sale Purchase Net

Security description Method Face value date date amount amount toss Gain 081n/loss

Net capital galns/losses : $ 29,962.57

Gains!Losses not calculated:DISCOVER FINANCIAL 18.000 08/14/07 $ 393.31 '5189. C:(o

SERVICES (MOt c ?...) spitJO^ )Total $ 393.31

4 25

11111,10 M, I 1w 10 1 111

Short-term gains/losses: $ 2Q , 325. 30

Long-term gainsflosses: 1. 030 . T

Net year-to-date capital galns/losses excluding transactions for which galns/losses are not calculated : 30, ; 5 Ob


P^ s ^ s

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AbatmSdKhFMNO OnmerWouI p [enModOs

High School Scholarship Program

The Bailey Family Foundation desires to rewardhigh school seniors, who have demonstratedscholastic achievement, balanced with communityservice or other extra curricular activities, with aneducational scholarship to continue their postsecondary education.

Criteria:

• Possess a minimum cumulativeGrade Point Average of 2.5

• Demonstrate financial need• Be a graduating senior from a

participating high school listed onthe application.

• Applicants must be US residents• Applicants must be pursuing their

undergraduate degree• If selected , information WILL be

verified

• Note:High School scholarship applications areaccepted during Jan-Mar scholarship

period only

w^ FAO (, wi agmR-WedLagh

College Scholarship Program

The Bailey Family Foundation wants toencourage students to continue theireducation by awarding scholarships tostudents who have demonstrated scholasticachievement and financial need.

Criteria:

• Possess a minimum cumulative GradePoint Average of 2.5

• Demonstrate financial need• Applicants must be enrolled or accepted to

one of the participating schools listed onthe scholarship application

• Applicants must be US residents• Applicants must be pursuing their

undergraduate degree• If selected , information WILL be verified

• Note:College scholarship applications are accepteddunng Jan-Mar and Jul-Sep scholarship periods

To apply: • Complete the scholarship application, which includes writing an essay of no more than 300 words acquainting the

Foundation with your goals and describing the community service or other activities that have influenced your life

For essay guidelines, please click here.DEADLINE for application acceptance Scholarship period starts on July 1st. 2008 and ends on September 15th, 2008

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The Bailey Family Foundation

Form 990-PF - 2007

EIN: 54-1850780Part XV: Scholarship Application

HIGHSCHOOL APPLICATION

G' Required for submission

Foster

How did you hearGuidance Counselor or other school faculty memberFriend or Parent

about us ? Internet Search (Yahoo, Google, Lycos, etc )Link from another Websde

HighSchoo l Annandale Figh School - Annandale, Virginia

Attending :

College/ University i REASESELECT A COLLEGEPlanning to Attend l0'.

Manual CollegeEntry:

GPA: F-aFirst Name : -0

MI :

Last Name :

SSN (123-45-6789): 0

Address :

City : _ 0

AlabamaAlaska

State ArizonaArkansasCalifornia J 0

Zip Code : F-o

January 1 1920February 2 1921

Birthdate : I iNbrch 3 1922April 4 1923Ntay 5 j J1924 j

Gender:ALEMALE

Home Phone(123-456-1234): 0

Page,z-x'6 7

The Bailey Family FoundationForm 990-PF - 2007EIN: 54-1850780Part XV: Scholarship Application

Daytime Phone :

E-mail Address:

January , 2008Anticipated February 2009

College Nbrch 2010

Graduation Date : April 2011May 2012 J Q_ZJ

Degree ProgramYou Are Pursuing:

(Students PursuingGraduate Degrees orGraduate Certificates

Are Not Eligible)

CertificateDplomaAssociate'sBachelor's 0

Major:Accounting

Business Administration

Computer Information Systems

Computer Netw orkng

Computer Science Q

Other (if unlistedmajor):

FamilySize:(Number of

household members Flisted on your/your

parents US taxreturn.)

Annual FamilyIncome : (Grossincome amount

filed on your/yourparents

US tax return.)

Other anticipatedsources offunding:

Less than $20,000$20,001 - $30,000$30,001 - $40,000$40,001 - $50,000$50,001 - $60,000 ,J Q

Use the space below to write an essay acquainting the Foundation with yourgoals, and describing the community service or other activities that haveinfluenced your life (no more than 300 words).

Need help ?

f 3. o 7

The Bailey Family FoundationForm 990-PF - 2007EIN: 54-1850780Part XV : Scholarship Application

cow aEAg

welcome to the Bailey Family Foundation

The Bailey Family Foundation^ba°^^ A Form 990-PF - 2007

EIN: 54-1850780Part XV : Scholarship Applicatio

Page 1 of 3

Nes FMI ^^ CrAn^LOONLeglin

Required for submission

PosterGuidance Counselor or other school faculty member

How did you hear about us? Friend or ParentInternet Search (Yahoo, Google, Lycos, etc.)Link from another Website

CollegelUniversity AttendingArt Institute of Tampa - Tampa, Florida

0

GPA: 0

First Name: Q

MI: F

Last Name

SSN (123 -45-6789): Q

Address : 0

City. 0

AlabamaAlaska

State ArizonaArkansas

D California V 0

https://www.bailey-family.org/index.cfm?fuseaction=home.CollegeApplication 7/8/2008

welcome to the Bailey Family Foundation

Zip Code : I 0

January 1 . 1920 ,February 2 1921

Birthdate : March 3 1922AprilMay

45

19231924

Gender:FEMALEMALE 0

Home Phone ( 123-456-1234): ^- 0

Daytime Phone :

E-mail Address: 0

January .,, 2008February 2009

Anticipated College Graduation Date : March 2010April 2011May ' 2012

Degree Program You Are Pursuing :Certificate

(Students Pursuing Graduate Degrees orDiploma

Graduate Certificates Are Not Eligible)Associate'sBachelor's 0

Major : AccountingBusiness AdministrationComputer Information SystemsComputer NetworkngComputer Science

Other (if unlisted major):

4J Family Size:(Number of household members

listed on your/yourparents US tax return )

Annual Family Income : (Gross income amountfiled on your/your parents

US tax return.)

V, 0

httns://www.bailev-familv.ora/index.cfm?fuseaction=home.ColleqeApplication

The Bailey Family FoundationPage 2 of 3

Form 990-PF - 2007EJN: 54-1850780Part XV: Scholarship Application

7/8/2008

welcome to the Bailey Family FoundationThe Bailey Family FoundationForm 990-PF - 2007

Less than $20,000 EIN: 54-1850780$20,001 - $30,000 Part' V: Scholarship Application$30,001 - $40,000$40,001 - $50,000$50,001 - $60,000 ''Y 0

Other anticipated sources of funding: __;

Use the space below to write an essay acquainting the Foundation with your goals, and describingthe community service or other activities that have influenced your life (no more than 300 words).

Need help?

CONTINUE CLEAR

• If selected, information WILL be verified

Page 3 of 3

httnc-//vwvw hailev-familv.ora/index.cfm?fuseaction=home. ColleaeAnalication 7/8/2008

Bailey Family Foundation, Inc.FEIN: 54-17507802007 990PF: Part XV Supplementary Information

Scholarship Recipients

LName r ,' FName , ss3` °S,•.`ri. r • ,x Add re _ City ^ a " ZipcodeState Purpose r Amount

Adive Symin_

5694 Cabells Mill Ct. Centreville_ _VA 20120 Educational 5,000.00

Aguilar Andy 605 Kings Crest Drive Stafford VA 22554 Educational 2,694.97

Ahmadi Asia 12345 Woodlawn Court Woodbridge VA 22192 Educational 2,385.66

Ahmed Omar 7309 Bonniemill Lane Springfield VA 22150 Educational 1,476.11

Ahn Jungin 1117 A Reservoir st. Harrisonburg VA 22801 Educational 5,000.00

Alabastro Gwendolyn 1865 Bee Gee Ct. Woodbridge VA 22192 Educational 2,113.50

Alaca Ceyda 20219 grazing way Mongtomery Village MD 20886 Educational 1,355.00Allen Sparkle 134 Woodridge Drive Atlanta GA 30339 Educational 5,000.00Amini Karishma 7113 Kinsdale Court Springfield VA 22150 Educational 3,212.71

Anderson Bradley 5600 81 Ave N Pinellas Park FL 33781 Educational 980.88

Anderson Thanayi 106 Early Ave Sandston VA 23150 Educational 5,000.00Anspach Nicole 35429 Chambers Rd. Zephrhills FL 33541 Educational 1,836.24

Arain Imad 13938 Rockland Village Dr #203 Chantilly VA 99999 Educational 5,000.00

Atalig Dana 5708 S. Manhattan Ave Tampa FL 33616 Educational 1,163.92

Avary Ada 5415 Fremont Street Springfield VA 22151 Educational 2,500.00

Awad Christina 2210 Stone Wheel Drive #E Reston VA 20191 Educational 5,000.00

Bachman Ashleigh 835 E Gulf Blvd A Indian Rocks Beach FL 33785 Educational 2,928.44

Banks-Bond Gena 404 Knollwood Ct Stafford VA 22554 Educational 1,562.94

Baughman Kimberly 8554 Manassas Rd. Tampa FL 33635 Educational 5,000.00

Bean Katherine 318 Palmola St. Lakeland FL 33803 Educational 5,000.00

Begab Judah 5109 Dahlgreen Place Burke VA 22015 Educational 2,410.00

Beitel Jillian 2915 Timber Wood Way Herndon VA 20171 Educational 5,000.00

Benjamin Andrew 268 Stevenson Square South Alexandria VA 22304 Educational 2,500.00

Bennett Adam 826 W Russell Dr Plant City FL 33563 Educational 1,496.32

Bent Kaleesha 3377 West Hidden Haven Court Tampa FL 33607 Educational 5,000.00

Bias Harrison Jasanya 57 N. Monastery Ave. Baltimore MD 21229 Educational 2,500.00

Blankenship Laura 417 Collinwood Drive Oak Hill WV 25901 Educational 2,296.00

Boles Cassie 2522 Crews Lake Hills Loop, Sout Lakeland FL 33813 Educational 5,000 00

Bonnain Joshua 6112 39th Avnue North Saint Petersburg FL 33709 Educational 2,692.04

Borum Alexandra 7413 Fairchild Dr. Alexandria VA 22306 Educational 5,000 00

Bosse Jennifer 3207 Kilmer Dr. Plant City FL 33566 Educational 1,336.92

Bouldin Correy 220 West Meadow Road Eden NC 27288 Educational 5,000.00

Bowers Amanda 15- Tam 0 Shanter Lane Boca Raton FL 33431 Educational 5,000.00

Brachowicz Maria 725 Westbrook Ave Brandon FL 33511 Educational 4,648.86

Page 1 of 13



LName ''• ^^ ^` F ame=. h '^ -Address ;« ^= - f .• `_ City _ _ _State, _ipcod e. . - urpose Amount

Brakefield Tiffany 12213 Kelly Ln Thonotosassa FL 33592 Educational 323.34

Brickley Darlene 403 Shenandoah Ct Winder GA 30680 Educational 5,000.00

Bridges-Taylor Antoinette 5943 Schering Road Baltimore MD 99999 Educational 1,355.00

Brown Michelle 837 79th place south Birmingham AL 35206 Educational 2,500.00

Brown Antoinetta 4302 Bubbling Brook Ct Charlotte NC 28278 Educational 2,710.00

Brown Jonathan 11835 Hazel Circle Drive Bristow VA 20136 Educational 5,000.00

Brown-Craig Lindsay 6401 Magnolia Lane Lakeland FL 33810 Educational 1,286.11

Bruzzo Claudia 5408 Roanoke Ave Apt 252 Alexandria VA 22311 Educational (528.00)

Bryant Sebonya 2225 E 131 Avenue Tampa FL 99999 Educational (920.52)

Buckland Vera 549 Quiet Oak Street Beaver WV 25813 Educational 3,895.00

Buffone Kimberly 118 Midgley St Jamestown NY 14701 Educational 5,000.00Burgos Victor 3701 S. George Mason Dr. Falls Church VA 22041 Educational 5,000.00

Burnham Sharon 12137 Maidenhair Drive Gainesville VA 20155 Educational 2,500.00

Byler Karrie 826 Cedar Knoll Dr. S Lakeland FL 33809 Educational 5,000.00

Caddeo Courtney 558 Patricia Avenue Dunedin FL 34698 Educational 940.97

Caracci Kari 1459 Poplar St. Pittsburgh PA 15205 Educational 5,000.00

Casey Shannon 3505 Sharon Chapel Rd Alexandria VA 22310 Educational 5,000.00

Castillo Jorge 2727 West Fletcher ave apt.39-D Tampaf FL 99999 Educational 1,275.57

Castillo Aleyna 3A Virginia Lane Middleburg VA 20117 Educational 5,000.00Castro Jennifer 4309 Meadowview Drive Lakeland FL 33810 Educational 5,000.00

Catalano Krystal 2263 Andover Circle Palm Harbor FL 34683 Educational 839.09

Cavanaugh Jefferson 27 Pine Oak Drive Plant City FL 33565 Educational 5,000.00Chacko Sharon 18014 Royal Forest Drive Tampa FL 33647 Educational 3,488.68

Chamale Carmen 3815 Twilight Dr. Mulberry FL 33860 Educational 2,004.23Chen Po-Han 11490 Heritage Commons Way Reston VA 20194 Educational 5,000.00

Chen Fang 2923 Peyton Randolph Dr. #102 Falls Church VA 22044 Educational 5,000.00

Chery Godefroy 333 Sterling Dr Winter Haven FL 33884 Educational 5,000.00

Chiarello Barbara 367 Hampshire Ave Spring Hill FL 34606 Educational 4,024.02

Chiu Sai 8011 Deerwood Circle Tampa FL 33610 Educational 341.23

Choi Hayeong 9302 Kite Street Burke VA 22015 Educational 5,000.00

Chung Jaeeun 9102 Wax Myrtle Ct Burke VA 22015 Educational 5,000.00

Chung Hae-shil 11165 Lucasville Road Manassas VA 20112 Educational 5,000.00

Clark Jeremy 48 W. Elizabeth Bethlehem PA 18018 Educational 5,000.00

Claros Mirtha 7600 Mayfield Ct. Annandale VA 22003 Educational 1,302.45

Page 2 of 13


FEIN: 54-1750780

2007 990PF: Part XV Supplementary Information


LName rr FName _ ? t A ;Address_ City -_T ? State : Zipcode ' Purpose > • . Amo_unt°+^

Clenney Brittany 4001 W, Sam Allen Rd. Plant City FL 33565 Educational 1,603.20

Clenney Kayla 4001 W. Sam Allen Road Plant City FL 33565 Educational 2,090.70

Cohoon Christopher 7005 Webb Road Tampa FL 33615 Educational 1,713.25

Collier Taylor 6560 Virginia Hills Ave. Alexandria VA 22310 Educational 1,075.75

Conway Sandra 9821 Bethesda Church Road #204 Damascus MD 20872 Educational 2,710.00

Cortes Daniel 1315 Henley St. Naples FL 99999 Educational 7,500.00Covington Amanda 201 Rosier Rd. Brandon FL 33510 Educational 557.52

Cox Tirea 2068 Balfour Circle Tampa FL 33619 Educational 3,412.61

Croy Laura RR 03 Box 316 B Princeton WV 24740 Educational 4,414.00

Currie Jerry 11516 Meredyth St Tampa FL 99999 Educational 5,000.00

Dal Pra Maria 656 Magnolia Lane Nashville TN 37211 Educational 4,065.00

Davis Chung-ha 3606 Oak Bark Lane Brandon FL 33511 Educational 5,000.00

De Grarcia Alan 6719 Barrett Road Falls Church VA 22042 Educational 5,000.00

De Guzman Janille 7527 Republic Ct. #202 Alexandria VA 22306 Educational 5,655.00

Deegan Alexis 5625 Rocky Run Dr. Centreville VA 20120 Educational 5,000.00

DeLise Niccole 5536 Stag Thicket Ln Palm Harbor FL 34685 Educational 766.87

Der Erica 3114 N. Chitty Rd. Plant City FL 33565 Educational 2,375.01

Dillman Blaise 100 Alexander Estates Drive. Auburndale FL 33823 Educational 1,578.64Donovan Meaghan 3221 Oakellar Ave. Tampa FL 33611 Educational 3,988.94

Donovan Michael 1032 Hinton Street Princeton WV 24740 Educational 1,568.00

Donovan Michael 3309 S San Miguel St Tampa FL 33629 Educational 1,628.25

Dougherty Melissa 2320 Timbercreek Loop West Lakeland FL 33805 Educational 5,000.00

Dowe Andrew 15812 Countrybrook St. Tampa FL 33624 Educational 5,000.00

Downey Michael 3309 Prosperiy Ave Fairfax VA 22031 Educational 5,000.00

Drayton Kimberly 9282 59th Street North Pinellas Park FL 33782 Educational 1,343.00

Drissi Hicham A7-201 Orlando FL 99999 Educational 2,500.00

Duclos Ashley 11030 Peppersong Dr Riverview FL 33569 Educational 4,203.82

Dukes Katherine 43961 Choptank Terrace Ashburn VA 99999 Educational 1,041.66

Dyer Julie 4116 Sideburn Road Fairfax VA 22030 Educational 5,000.00

Easterly Danielle 9200 Santayana Dr. Fairfax VA 22031 Educational 5,000.00

Einwechter Alyson 115 Stanley Dr. Palmyra PA 17078 Educational 6,243.72

Ellingsworth Teresa 5236 West State Road 246 Lewis IN 47858 Educational 5,000.00

Engel Kevin 321 Princewood Ave. Dayton OH 45429 Educational 5,000.00

Escobar Lourdes 6071 Beliview Dr. Apt. J-3 Falls Church VA 22041 Educational 5,000.00

Page 3 of 13


FEIN: 54-1750780

2007 990PF : Part XV Supplementary Information


L ame ^^ ^R ^. ,i+f FName - w Address. ' ° Y ^'^ ' City? _ State Zipco e.: Purpose Amount

Etlin Natalie 1921 Wilson Ln. No.202 McLean VA 22102 Educational 5,000.00

Etti Miezan 2232 Blue spruce way Tampa FL 33604 Educational 766.59

Euson John 3611 Shirleys Hill Rd Partlow VA 22534 Educational 2,430.00

Fakhari Shawn 731 Forest Park Road Great Falls VA 22066 Educational 5,000.00

Farmer Leslie Rt.2 Box 229 Princeton WV 24740 Educational 1,992.00

Fattori Nicole 15501 Pepper Pine Court Land 0 Lakes FL 34638 Educational 5,000.00

Felten Danielle 1630 Ranchero Lane Plant City FL 33567 Educational 448.56

Ferris Angelina 206 Somerset Dr Raeford NC 28376 Educational 5,000.00

Firth Robyn 15501 Bruce B Downs Blvd Tampa FL 99999 Educational 1,565.62

Francis Kadeen 150 Riverbridge Cir Oviedo FL 32765 Educational 3,671.96

Frazier Gabrielle 508 Lady Diana dr. Davenport FL 33837 Educational 2,513.63

Freeman Noreen 2525 South Adams Street Arlington VA 99999 Educational 2,710.00

Freeman Jasmin 4052 4th Ave N St. Petersburg FL 33713 Educational 1,302.60

Fres Luis 3705 Mckinley ct Apt/C Tampa FL 33614 Educational 990.66

Froede Michelle 6612 Degen Dr Burke VA 22015 Educational 5,000.00

Frost Julie 6209 Lavell Court Virginia VA 22152 Educational 1,992.64

Gallardo Aldo 10330 Chadbourne Dr. Tampa FL 33624 Educational 5,000.00

Garcia Giancarlo 55 Station Landing Apt #225 Medford MA 99999 Educational 5,000.00

Garcia Maxine 51 Clark Patton Rd Fredericksburg VA 22406 Educational 1,041.96

Garcia III Daniel 47A 8th Avenue Key West FL 33040 Educational (2,500.00)

Gentry Chaunel 203 2nd St. N Apt 3 Bradenton beach FL 34217 Educational 5,000.00

Gerhold Patrick 2313 Sprucewood Ln Plant City FL 33563 Educational 3,931.98

Glass James 911 East McBerry St. Tampa FL 33603 Educational 5,000.00

Glazier Keri 3016 Hickory Road Auburndale FL 33823 Educational 1,411.15

Glenn Katharine 6211 Bridgevista Drive Lithia FL 33547 Educational 5,000.00

Glisson Christopher 3011 Spring Hammock Dr. Plant City FL 33566 Educational 3,546.48

Goodwin Brian 700 S Courthose Rd Apt#112 Arlington VA 22204 Educational 2,113.50

Gray Sarah 2500 Goins Ln. Richmond VA 23235 Educational 2,500.00

Gray James 392 Cedar Lane Follansbee WV 26037 Educational 5,000.00

Grazier Hayley 4711 W. Tambay Avenue Tampa FL 33611 Educational 4,133.41

Greenough Candace 2610 Cedar View Court Clearwater FL 33761 Educational 3,180.44

Greenwood Alyce 18130 Leafwood Circle Lutz FL 33558 Educational 3,441.13

Gregory Veronica 4240 Portsmouth Blvd. Chespeake VA 23321 Educational 2,710.00

Griffin April 4028 Mahogany Run SE Winter Haven FL 33884 Educational 672.83

Page 4 of 13



LName r. ^'. FName }` ° Address • x , .c ^. • »,t" , .City_ _ - -w= ,'_^ 0'. J4 ' State ` Ipcode_'^ '^ Purpo 'se'; r : Amount

Guess Daniel 2911 Cedaridge Dr. Tampa FL 33618 Educational 627.21

Gunter Connie 375 South Reynolds Apt#1 005 Alexandria VA 22304 Educational 2,500.00

Gurney Darci 12702 litewood dr. Hudson FL 34669 Educational 5,000.00

Guydan Amanda 300 Duchess Lane Elizabeth City NC 27909 Educational 5,000.00

Hackett Patricia 810 Glen Terrace Chester PA 19013 Educational 1,272.00Hafiz Shiekh 5021 Marshall Crown Rd Centreville VA 20120 Educational 5,000.00

Hammond Rebekah 1091 Virginia Street Dunedin FL 34698 Educational 1,453.79Han Jenny 1817 Westwind Way McLean VA 22102 Educational 5,000.00

Hanlon Timothy 2112 Sycamore Lane Plant City FL 33563 Educational 5,000.00

Hardges Linda 504 N. Robinson Street Baltimore MD 21205 Educational 5,000.00

Harrell Shanda 7307 Hwy 17N Po Box 464 Awendaw SC 29429 Educational 5,000.00

Hartman Catherine 2135 Haycock Rd Falls Church VA 99999 Educational 5,000.00

Heckathorn Janna P.O. Box 224 Dundee FL 33838 Educational 925.05

Heinz Lucy 6001 Louise Cove Drive Windermere FL 34786 Educational 5,000.00

Helenek Monica 6401 Brook Hollow Ct. Tampa FL 33634 Educational 4,322.97

Henderson Teia 208 Lawrence Rd. Cary NC 27511 Educational 5,000.00

Henderson Elexine P.O. Box6024 Alexandria VA 22306 Educational 2,430.00

Herbert Melissa 4738 Sutton Terrace Orlando FL 32811 Educational 4,158.00

Hickson Elizabeth 2517 N Florida Ave Lakeland FL 33805 Educational 466.22

Hixson Jason 836 Walkerton Road Walkerton VA 23177 Educational 2,557.65

Hollingsworth Tyler 7310 Signal Hill Rd Manassas VA 20111 Educational 5,000.00

Holloway Christina 1718 C Azalea Court Oldsmar FL 34677 Educational 2,825.92

33511-

Holmes Shalonda 946 Summit Ridge Dr. Brandon FL 5511 Educational 3,355.79

Hood Sarah 11419 Wellman Drive Riverview FL 33569 Educational 4,438.23

Hosford Jessica 11302 Andy Drive Riverview FL 33569 Educational 1,712.56

Hudson Brandice 9 Jane Court Stafford VA 22554 Educational 5,000.00

Huggins Kyle 13591 Bethel Road Manassas VA 20112 Educational 5,000.00

Hughes Nicole 2424 Columbia Highway North Aiken SC 29805 Educational 3,840.00

Hughes Dana 1908 E. Clinton St. Tampa FL 33610 Educational 1,847.24

Hurston Cynthia 5569 Fan Palm Ave Cocoa FL 32927 Educational 5,000.00

Hussain Aisha 3002 Akron Street Woodbridge VA 22193 Educational 5,000.00

Hutton Gardette 7385 Bent Grass Drive Winter Haven FL 33884 Educational 1,424.64

Huynh Victoria 3188 Shoreline Drive Clearwater FL 33760 Educational 485.20

Page 5 of 13



LName ' • :`' F ame ,< - ^, -r,Address:- X ^ ti^^ ^^ „q ° « , •^^' - City a :i4 ^State ^^^Zipcode'-, ' Y = Purpose ^,^ .Amount yInglis Donna 17858 Jamestown Way Lutz FL 33558 Educational 5,000.00Island Randolph 602 North Brunnell Parkway Lakeland FL 33815 Educational 292.22Jackson Antoine 1406 E. Tennessee St. Plant City FL 33563 Educational 3,030.07Jaimes Ruby 7334 Swindon Rd Tampa FL 33615 Educational 1,225.51Jimenez Anita 507 4th Ave. SW Ruskin FL 33570 Educational 4,274.81Johnson Kelly 4508 Old Orchard Drive Tampa FL 33618 Educational 3,017.69Johnson Shana 600 S Boling St Clayton NC 27520 Educational 616.00Johnston Tracie 218 Brick Store Landing Rd Smyrna DE 19977 Educational 5,000.00Jones Sara 2312 Lydia Street Lake Wales FL 33898 Educational 2,449.06Jones Ashley 603 Revolutionary Rd. Apt. # 13 Louisville KY 40214 Educational 2,710.00Jordan Allison 6057 North 6th Street Arlington VA 22203 Educational 5,000.00Kaffa Mohamed 1224 South 52ND Street Philadelphia PA 19143 Educational 5,000.00Kamara Zainabu 7106 Fairchild Dr. Apt. 10 Alexandria VA 99999 Educational 1,675.64Kane Cassandra 8110 Gale St Annandale VA 22003 Educational 5,000.00Karim Khalila 5608 Terra Ceia Dr. Tampa FL 33619 Educational 3,184.26Karimi Sarah 10672 myrtle oak ct Burke VA 99999 Educational 5,000.00Karimi Nida 8617 Janet Lane Vienna VA 22180 Educational 5,000.00Kelinsky Lia Camp Friendship Palmyra VA 22963 Educational 5,000.00Kelly Melissa 290 North Lake Patrick Rd. Babson Park FL 33827 Educational 5,000.00Kelly Joseph 3225 South MacDill Avenue Tampa FL 33629 Educational 5,000.00Kenfack Josephine 20152 Bar Harbor Terrace Ashburn VA 20147 Educational 2,500.00Kenney Matthew 10711 Cup Drive San Antonio FL 33576 Educational 1,820.00Kettenton Joshua 19135 US HWY 19 N Clearwater FL 33764 Educational 5,000.00Keys Alyssia 7540 Hunters Greene Circle Lakeland FL 33810 Educational 5,000.00Khan Irene 4110 Wynnwood Drive Annandale VA 22003 Educational 5,000.00Khan Anum 5520 Gunn Hwy Apt 605 Tampa FL 99999 Educational 918.32Khan Mhehvish 7405 Aspen Park Rd. Lorton VA 22079 Educational 5,000.00Khan Muhaimeinul 11323 Bright Pond Lane Reston VA 20194 Educational 2,257.58

Kim Jennifer 10139 Oakwood Chase Ct. Oakton VA 22124 Educational 5,000.00

Kim Jung 6124 South Barros ct Centreville VA 20120 Educational 5,000.00Kim Ashley 2520 Flint Hill Road Vienna VA 22181 Educational 5,000.00King Syntia P.O. Box 360 Davenport FL 33836 Educational 453.04

Kirk Amanda 5918 Doc Thompson RD Plant City FL 33565 Educational 2,901.38

Kirven Megan 578 Terranova Circle Winter Haven FL 33884 Educational 2,157.87

Page 6 of 13



LName >'. ^, FName • r _Add ress''" Y_ qi x e `^ _ ` State_ ^ pcode: r, urpose -^ Amoun't=;` '

Kiss_

Amanda_ _

13268 Center Ave. Largo FL__

33773 Educational 1,085.35

Kleve Catherine 6660 SE 5th Street #22 Des Moines IA 50315 Educational 2,500.00

Kodes Shawn 110-50 71st Road Forest Hills, NY NY 11375 Educational 5,000.00

Kolan Jerin 152 Patrick Street SE Vienna VA 99999 Educational 520.98

Kregl Julie P.O. Box 3426 Lake Wales FL 33853 Educational 1,416.72

Krijestarac Denina 8240 144th Ln. North Seminole FL 33776 Educational 836.28

Kuechenberg Chanelle 1023 E. Hamilton Ave. Tampa FL 33604 Educational 433.76Kulak Christopher 912 Carlton Rd. Tarpon Springs FL 34689 Educational 1,380.00La Cahapelle Rita 2714 Jeffrey Dr. Palm Harbor FL 34684 Educational 2,500.00Lamp Laura 3785 Persimmon Cir Fairfax VA 22031 Educational 5,000.00

Land Justin 134 Hawthorne Rd Auburndale FL 33823 Educational 1,378.50

Lara Cristina 5305 Edina S.t. Wimaima FL 33598 Educational 1,339.11

Larcom Richard 7002 Shamrock Road Tampa FL 33616 Educational 4,380.95

Larcom Audrey 7002 Shamrock Road Tampa FL 33616 Educational 3,636.87

Lares Sofia 10196 Ashbrooke Ct C Oakton VA 22124 Educational 5,000.00

Laws Tania 608 Hillandale St. Concord NC 28025 Educational 5,000.00

Leclair William 11231 Coralbean Drive Bradenton FL 34202 Educational 5,000.00

Lee Charles 9885 Burke Pond Court Burke VA 22015 Educational 5,000.00

Leon Alma 128 Domino Dr.S Ruskin FL 33570 Educational 937.97

Levitt Stephanie 10567 Greensprings Drive Tampa FL 33626 Educational 4,814.40

Lewis Tomise 508 Oakleaf Dr. Apt.4 Lakeland FL 33801 Educational 1,398.66

Lockhart Brandy 17623 Esprit Drive Tampa FL 33647 Educational 4,510.67

Logan Tiffany 607 Wanamaker Ave. Fort Meade FL 33841 Educational 3,078.08

Lombardo Lauren 10512 Greensprings Drive Tampa FL 33626 Educational 1,578.62

Lu Xiaoxi 1644 Waters Edge Lane Reston VA 20190 Educational 5,000.00

Luizaga Blanca 600 Roosevelt Blvd. #412 Falls Church VA 22044 Educational 5,000.00

Luna Melissa 8719 N. Edison Ave Tampa FL 33604 Educational 4,352.13

Lwin Eithu 21861 Regents Park Circle Sterling VA 20166 Educational 5,000.00

Ly Phung 2910 kings chapel rd apt#3 Falls church VA 22042 Educational 5,000.00

Macasieb Rachel 21356 Shady Wood Terrace Broadlands VA 20148 Educational 5,000.00

Madero Andrew 6606 Twelve Oaks Blvd. Tampa FL 33634 Educational 7,500.00

Maharaj Maniekha 1204 Rinkfield pl Brandon FL 33511 Educational 1,669.56

Mahoney Kelsey 8813 Lorfax Drive Lorton VA 22079 Educational 2,500.00

Mai Ken 1520 Rolling Meadows Dr. McDonough GA 30253 Educational 5,000.00

Page 7 of 13



LName ; ,ti . F_Name ° •'"s '_-_ r Address ° _• tir : -_ - = ° City ='_ y° r „,. _'State _Zipc_ode `Purpose ^. ^ '*Amou_nt

Maliska Nicholas 412 N. Madison Ave. Clearwater FL 33755 Educational 5,000.00

Marotta Jacquelyn 11500 N. Dale Mabry Hwy Tampa FL 33618 Educational 5,000.00

Martin Whitney 14433 Chamberry Cir Haymarket VA 20169 Educational 5,000.00

Matos Stephanie 16529 Brigadoon Drive Tampa FL 33618 Educational 820.51

Matthews Johanna 2752 Quarters Quantico VA 22134 Educational 3,333.32

Mauras Maria 1323 Kepler Road Pottstown PA 19464 Educational 5,000.00

Mayol Lesley 12411 Rustic View Ct Tampa FL 33635 Educational 5,000.00

McCleary Lauren Rodriguez 201 S Orchard Drive Purcellville VA 20132 Educational 5,000.00

Mcclelland Angel 1835 58th St. S St. Petersburg FL 33707 Educational 1,404.27

McConnell Sarah 222 Ross Branch Rd. Princeton WV 24740 Educational 2,209.00

McDonald Theresa 9847 Hagel Circle Lorton VA 22079 Educational 2,792.50

Mendoza Louie 3105 Belle Shadow Ln Tampa FL 99999 Educational 1,219.40

Milanese Megan 6900 Ulmerton Rd. #223 Largo FL 33771 Educational 1,698.25

Miller Melissa 4312 John Moore Road Brandon FL 33511 Educational 3,016.02

Minchak Christine 12812 Flagship Ave Herndon VA 20170 Educational 5,000.00

Minder Jessica 8720 58th street north Pinellas Park FL 33782 Educational 580.72

Mingo Kendra 13928 Rockland Village Dr. Chantilly VA 20151 Educational 6,919.49

Mitchell Dominique 2417 Buckhorn Run Drive Valrico FL 33594 Educational 3,655.63

Mitchell Leya 5842 Lake Breeze Avenue Lakeland FL 33809 Educational 3,840.00

Mohammadi Shabnam 3171 Ranger Rd #203 Fairfax VA 22031 Educational 3,199.46

Mohamud Shamis 4029 Justine drive Annandale VA 22003 Educational 5,000.00Moore Cynthia 551 Huntington Place Roswell GA 30076 Educational 5,000.00

Morales Joshua 1401 Moss Laden Ct. Brandon FL 33511 Educational 925.97

Morantin Leonardo 4502 Viewridge Way Tampa FL 33624 Educational 2,036.62

Moreland Christa 9883 88th Way North Seminole FL 33777 Educational 916.80

Morgan Ashley PO Box 4561 Milton FL 32572 Educational 1,488.89

Morton Sheila 4216 Loudoun Avenue The Plains VA 20198 Educational 260.49

Morton LaWanda 11514 River Meadows Way Fredericksburg VA 22408 Educational 5,000.00

Mytnick Stacy 13501 Del Prado Dr. S. Largo FL 33774 Educational 1,158.78

Nadeau David The Salvation Army Tampa FL 99999 Educational 5,000.00

Neary Patrick 620 Superior Ave Tampa FL 33606 Educational 5,000.00

Nesby Tiarra 62 Confederate Way Stafford VA 22554 Educational 570.12

Neumeier Mary 3409 24th Ave. Tampa FL 33605 Educational 5,000.00

Newton Kevin 544 Aztec Tr. Frankfort KY 40601 Educational 2,710.00

Page 8 of 13


FEIN: 54-1750780



, Name R°. 2•'A_dd ress _ rya"tt `Y ''' r = -

_City ^ ' ,=F7-^Zipcode,: -! PurposeOWs l>,-

wÂmount-

Ngang Peter 21 Circle Drive Camp Hill PA 17011 Educational 5,000.00

Nguyen Catherine 2660 Hillsman Street Falls Church VA 22043 Educational 5,000.00

Noe Dana 1145 Keystone Ln Pleasant Hill IA 50327 Educational 2,500.00

Numa Moises 10755 Village Lake Club Circle N Saint Petersburg FL 33716 Educational 1,580.72

Orlando Julian 3112 15th Street South Arlington VA 22204 Educational 5,000.00

Orozco Jodie 7320 Exter Way Tampa FL 33615 Educational 4,048.74

Orrison Mallary 39867 Thomas Mill Rd Leesburg VA 20175 Educational 5,000.00

Ortiz Raphael 2361 Orangeside Rd Palm Harbor FL 34683 Educational 925.97

Owusu Mercy 3426 Buckman Rd #103 Alexandria VA 22309 Educational 4,985.00

Paleveda William 3405 Hawthorne Road Tampa FL 33611 Educational 2,281.90

Parker Shallon 307 Midland Court Waterford NY 99999 Educational 441.00

Parker Allison 7288 Larrup Court Alexandria VA 22315 Educational 2,500.00

Parks Angela 1070 Tatum St. Memphis TN 99999 Educational 5,000.00

Parrott Stephanie 4914 Indian Springs Ct Plant City FL 99999 Educational 1,121.10

Patrician Molly 4229 S. 36th St. Arlington VA 22206 Educational 2,500.00

Peden Rebecca 213 Hillside Church Road Fountain Inn SC 29644 Educational 5,000.00

Pemberton Kenisha 9802 North 46TH Street Tampa FL 33617 Educational 5,000.00

Pemberton Orville 9802 North 46th Street Tampa FL 33617 Educational 1,718.25

Perkins Katherine 2506 Appian Ct Alexandria VA 22306 Educational 4,582.00

Pierson Melissa 400 Falkirk Court Fredericksburg VA 22406 Educational 1,128.79

Pin Virakchit 3918 Tedrich BLVD Fairfax VA 22031 Educational 5,000.00

Pittman LeKeisha 9065 Dixiana Villa Cr Tampa FL 33635 Educational 624.30

Pittman Anita 8324 Endive Ave Tampa FL 33619 Educational 3,626.08

Pittman Chenita 1707 Gainesville Street SE Washington DC 20020 Educational 2,430.00

Porter Erika 15172 Briar Crest Ct Draper UT 84020 Educational 3,555.00

Portillo Yanira 2504 Byrd Lane Alexandria VA 22303 Educational 1,601.27

Poston Katrina 5818 Good Hope Ave Temple Hills MD 20748 Educational 1,499.00

Potter Kerry 7766 Asterella Court Springfield VA 22152 Educational 5,000.00

Prazak Caitlyn 2010 Nancy Ave Lutz FL 33548 Educational 1,780.80

Prigmore Crystal 8911 Union Farm Road Alexandria VA 22309 Educational 5,000.00

Puentes Monica 5617 E. 122nd Ave. Apt. B1 Tampa FL 33617 Educational 4,882.43

Quigley Caitlin 5690 Wheelwright Way Haymarket VA 20169 Educational 5,000.00

Racey Claire 9750 Hamlin Blvd Apt 708 Seminole FL 33776 Educational 3,231.45

Raminez Leonel 15412 Michigan Road Woodbridge VA 22191 Educational 1,128.79

Page 9 of 13



LName ; -' '^ FName _ ^. ;Address^ w r ^ i • City _ ^. s. ^ fit; State _ Zipcode>$ Purpose r _ AmourifRandolph LaShonda 1433 Connestee Rd Tampa FL 33805 Educational 627.21Rankin Emily 1603 Powder Ridge Drive Valrico FL 33594 Educational 5,000.00Ranscht Rachel 16145 Ravendale dr. Tampa FL 33618 Educational 851.28Rashid Ernestine 2990 Hogan Road SW Atlanta GA 30331 Educational 5,000.00Rawlings Nathan 14837 Glenkirk Rd Nokesville VA 20181 Educational 1,302.45Raymer Katlyn 301 Old Angleton Rd Lake Jackson TX 77566 Educational 2,500.00Raymer Sarah 301 Old Angleton Rd Lake Jackson TX 77566 Educational 5,000.00Razzaq Tahreem 9677 Dutchman Dr. Lorton VA 22079 Educational 5,000.00Reeves Nicole 1705 West Barclay Rd Tampa FL 33612 Educational 4,512.34Renelus Naomi 2012 Avenue D SW Winter Haven FL 33880 Educational 739.16Reynard Monique 1909 Chestnutwood Dr. Valrico FL 33594 Educational 7,500.00Reynoso Edward Sanchez 5902 Noyes CT Fairfax VA 22032 Educational 868.30Rhodes Bryan 8601 Verona ct Tampa FL 33634 Educational 1,411.15

Ringera Lucy 9308 All Saints Road Laurel MD 20723 Educational 5,000.00Rios Alex 6714 George Rd Tampa FL 33634 Educational 4,370.76

Rios Hilda 13656 Wildflower In Clifton VA 20124 Educational 5,000.00Ripperger Sabrina 20699 Southwind Terrace Ashburn VA 20147 Educational 2,510.00

Rivera Jennifer 1237 E. Grove Avenue Lake Wales FL 33853 Educational 936.18

Rodriquez Dora 11201 N. 22nd St # 77 Tampa FL 33612 Educational 5,000.00Rogers Audra 1348 Sunnydell Farm Lane Lakeland FL 33809 Educational 5,000.00

Rollins Mandy 4723 Little Denise Ct Valrico FL 33594 Educational 2,469.46

Roser Sarah 13812 Laurel Rock Court Clifton VA 20124 Educational 3,420.00

Ruby Julie 125 Moss Spring Hollow Road Centerville TN 37033 Educational 2,430.00Rumanes Alexandra 13132 Bradley Farm Dr. Herndon VA 20171 Educational 4,354.50

Saavedra Maria 5102 Bernard Circle Apt. 214 Tampa FL 33617 Educational 4,368.26

Sakprayoonpong Attaphon 500 Roosevelt Blvd. #220 Falls Church VA 22044 Educational 5,000.00

Salinger Elissa 16309 Turnbridge Ct Tampa FL 33647 Educational 3,231.45Sanford Matthew 13601 Buford Lane Nokesville VA 20181 Educational 3,209.00Sarpas Gulalai 330 S Whitnig St. Alexandria VA 22304 Educational 2,604.90Sarsour Hanean 10725 Greatfalls Lane Tampa FL 33647 Educational 2,355.39Savko Tasha 3 Edgewater Road Russell PA 16345 Educational 5,000.00Sawyer Tracy HC 74 Box 48 Hinton WV 25951 Educational 3,107.20

Schamus Laura 20867 Blythwood Ct Ashburn VA 20147 Educational 2,500.00

Schick Julianne PO Box 1227 Guerneville CA 95446 Educational 5,000.00

Page 10 of 13



LName '"l^r ^. Y'° ^ ame ,r r" '' Address ' s _:^°3A City,`` 'State.,.Zipco e ..=: t• Purpose ,1P,Amount

Schiller Alyssa 11325 Maybrook Ave. Riverview FL 33569 Educational 3,387.35Schultz David 13426 Copper Head Drive Riverview FL 33569 Educational 5,000.00Schwartz Benjamin 108 Powder House Blve Somerville MA 2144 Educational 5,000.00

Schwartz Austin 4145 Saltwater Blvd Tampa FL 33615 Educational 5,000.00

Scott Whitney 1325 W. Lincoln Highway Dekalb IL 99999 Educational 715.00

Scott Shannon 5227 Chowan Ave Virginia VA 22312 Educational 2,241.00

Shaw Erin 4440 Woods Edge Ct. Chantilly VA 20151 Educational 2,500.00

Shepherd Kari 4106 Drawdy Rd. Plant City FL 33567 Educational 1,292.60

Simmons Alissa Lannazzo 1712 Hickory Gate Dr. n. Dunedin FL 34698 Educational 5,000.00

Singh Rishi 9143 Wood Pointe Way Fairfax Station VA 22039 Educational 5,000.00

Sink Rocky 6416 W. Thonotosassa Rd Plant City FL 33565 Educational 125.50

Smith Dannielle 5130 Ellendale Ave Tampa FL 33625 Educational 3,981.28

Smith Torrey 5408 Galley Ct. Fairfax VA 22032 Educational 5,000.00

Smith Sawyer 305 Knoll St. NW Vienna VA 99999 Educational 5,000.00

Smith Lauren 1674 Heritage Oak Ct. Tarpon FL 99999 Educational 3,231.45

Smith Angie P.O.BOx 2048 St Petersburg FL 33731 Educational 364.75

Sobie Shana 200 78th ave N #210 Saint Petersburg FL 33702 Educational 1,012.21

Soderquist Michelle 2225 Princess Anne Lane Woodbridge VA 22191 Educational 2,500 00

Spencer Abigail 46460 Danforth Place Sterling VA 20165 Educational 5,000.00

Sperling Jackey 18712 Mills Bay Dr. Eagle River AK 99577 Educational 1,500.00

Stanley Amy 1219 GoldFinch Dr. Apt. 9 Plant City FL 33563 Educational 781.59

Starkey Michelle 11200 Pope Head Road Fairfax VA 22030 Educational 1,302.45

Stein Chan-Tel 2820 S Pines Dr. Largo FL 33771 Educational 1,725.02

Steinmetz Amy 6902 W. Thonotosassa Rd. Plant City FL 33565 Educational 3,440.57

Sterlacci Molly 8228 Toll House Road Annandale VA 22003 Educational 755.00

Stewart Tera 5775 4th Street South St. Petersburg FL 33705 Educational 2,305.50

Stewart Tisha 512 Spring St SW Concord NC 28025 Educational 5,000.00

Stokes Anne 231 North Street, N.E. Leesburg VA 20176 Educational 5,000.00

Stutzman Maggie 10514 McIntosh Rd. Thonotosassa FL 33592 Educational 5,000.00

Suarez Jessica 1000 Longfellow Blvd Lakeland FL 33801 Educational 5,000.00

Suggs Alisa 730 Parkdale Memphis TN 38116 Educational 1,740.00

Talcott Stephanie 21378 County Route 47 Carthage NY 13619 Educational 5,000.00

Taylor-Hodge Kenyaita 12251 Cherrywood Drive Woodbridge VA 22192 Educational 2,500.00

Terza Kaylee 6221 Interbay Blvd Tampa FL 33611 Educational 2,697.87

Page 11 of 13


FEIN: 54-1750780



LName Address'- ':: 1City = ; .: 7 State ;.Zipcode - Purpose iTk { 9RAmount =_

Texas Amanda- - - -

140 Samuel St.- - - -Davenport

- --FL 99999 Educational

--- -3,011.33

Thomas Misty Rt 1 box 236 Matoaka WV 24736 Educational 4,414.00

Thompson Toniesha 3028 Hickory Grove Ct. Fairfax VA 99999 Educational 3,374.00

Thompson Davina Martin 432 Garcia Drive Virginia Beach VA 23454 Educational 5,000.00

Tortorello Anthony 12306 Cloverstone Dr. Tampa FL 33624 Educational 5,000.00

Touchard Charline 9056 Town and Country Blvd Ellicott City MD 21043 Educational 3,760.00

Travis Jessica 12208 Quails Bluff Circle Lake Wales FL 33853 Educational 2,993.26

Tu Nhu-Y 5110 8th Rd. S. #311 Arlington VA 99999 Educational 5,000.00

Tucker Kristina 4918 Escalante Dr. North Port FL 99999 Educational 4,619.22

Tunru Aurelia 521 Florida Ave Herndon VA 20170 Educational 2,500.00

Turcheck Megan 25901 Rickmansworth lane South Riding VA 20152 Educational 2,500.00

Upshur Raquel 6476 Colonial Village Loop Manassas VA 20112 Educational 5,000.00

Valencia Julian 6411 old scoffs ct Springfield VA 22152 Educational 5,000.00

Van Camp Samantha 1233 Merlyn St. Lakeland FL 33813 Educational 5,000.00

Vazquez Louis 1423 Shell Flower Dr. Brandon FL 33511 Educational 1,628.25

Vicinus Jordyn 5408 Honey Brook Court Fairfax VA 99999 Educational 5,305.00

Vinalon Conrad 12014 Misty Brook Ct Tampa FL 33635 Educational 7,500.00

Vista Lori PO Box 72 Spencer OH 44275 Educational 3,840.00

Wacek Stephanie 4618 Guinea Road Fairfax VA 22032 Educational 5,000.00

Wagner Matthew 1910 Blue Sage Court Brandon FL 33511 Educational 1,230.13

Waldo Austin 3205 Grenada Way Tampa FL 33618 Educational 2,030.72

Walker Jessica P.O. Box 148 Eaton Park FL 99999 Educational 163.38

Page 12 of 13



LName` - •Wardell

FName .. .,`^ ^^LaNece

Address_ "' :1-^ _ _ ''^Y^`840 Forrest Drive

_ City " '." "î^!^= _'Bartow

StateFL

_ }'Z_ipcode33830

PurposeÈducational

_ . •Amou_n_t _1,337.61

Warren Remonica PO Box 16492 St. Petersburg FL 33733 Educational 443.69

Weedon Michelle 2704 Herndon St. Valrico FL 33594 Educational 1,341.96

Weir Myranda 5911 18th Street Fort Belvoir VA 22060 Educational 5,000.00

Welchons Kali 3732 Murray Dale Drive Valrico FL 33594 Educational 2,898.62

Wells Arielle 7501 Castle Road Manassas VA 20109 Educational 5,000.00

West Jennifer 6217 Tyner St. Springfield VA 22152 Educational 5,000.00

Wharton Ali 1846 Suzanne Lane Lakeland FL 99999 Educational 2,595.25

Wiggins Crystal 2602 Karen Drive Plant City FL 33563 Educational 1,292.60

Williams Caress 11506 Sperrin Circle Apt 203 Fairfax VA 22030 Educational 3,150.11

WILLIAMS Gail 2612 E. 111Th Avenue Tampa FL 33612 Educational 2,774.15

Williams Brenda 614 West Williams Street Lakeland FL 33805 Educational 512.83

Williams Regina 461 H St., NW Washington DC 99999 Educational 3,840.00

Wilson Caitlin 12407 Marjory Ave Tampa FL 33612 Educational 1,411.65

Wolff Caitlin 2965 Mother Well Ct. Oak Hill VA 20171 Educational 5,000.00

Wolford Krystal 1117 Ritchie St. Princeton WV 24740 Educational 2,207.00

Wong Tsz 1759 65th Street Brooklyn NY 11204 Educational 5,000.00

Woods Michelle 9025 Fox Lair dr Burke VA 22015 Educational 5,000.00

Woodward Blair 2737 12th Street North St. Petersburg FL 33704 Educational 307.83

Woolsey Jaclyn 3630 Great Laurel Lane Fairfax VA 22033 Educational 6,855.00

Wu Letitia 1200 Windrock Dr. McLean VA 22102 Educational 4,582.00

Wymard Kristin 13444 Lake Shore Dr. Herndon VA 20171 Educational 5,000.00

Xu Jiao 900 Ellison Street #712 Falls Church VA 22046 Educational 1,616.00

Yousaf Aqsa 16574 Reservoir Loop #P Dumfries VA 99999 Educational 655.84

Zakeri Maria 2018 Westwood Terrace Vienna VA 22182 Educational 3,000.00

Total 1,401 ,302.68

USF Medical Student ScholarshipsBlasick Elizabeth 135 Danube Ave Tampa FL 33606 Educational 5,000.00

Toomey Paul 2807 W Estrella St. Tampa FL 33629 Educational 5,000.00

Grand Total 1,411,302.68

Note : Negative amounts represent refunds of prior year payments

Page 13 of 13

Bailey Family Foundation, Inc.FEIN: 54-1750780


Heritage Scholarships Recipients

NAME Address Purpose Amount

Adkins, Shonna Nichole Rt. 3 Box 302 Grundy Va 24614 Educational 5,000.00Bailey, Cristina Michelle 22518 Remington Dr. Abingdon Va 24211 Educational 3,538.50Bailey, Jeremy J. 4747 Oberlin Ave B-5 Lorain OH 44053 Educational 2,100.00

Bailey, Joshua 193 Westwood MHP Amherst OH 44001 Educational 3,333.00

Bailey, Kelly Marie 193 Westwoods Amherst OH 44001 Educational 1,666.00Bailey, Meri Elizabeth 204 Westwoods Amherst OH 44001 Educational 1,090.00

Bailey, Sarah Anna 4747 Oberlin Ave B-5 Lorain OH 44053 Educational 2,100.00

Belcher, Robin L. 118 Golden Ln. Princeton WV 24740 Educational 1,800.00

Blankenship, Jeanne Marie 37 Center Rd., PO Box 402 Valley City OH 44280 Educational 4,620.00

Drol, Mathew Roney 215 North Lake St. Amherst OH 44001 Educational 1,199.90Hess, Alicia Gayle 6901 Shelly Dr. Madison OH 44057 Educational 1,706.00Houchins, David PO Box 6 New Salem MA 1355 Educational 2,785.00

Lusk, Amy Michelle HC 71 Box 397F Princeton WV 24740 Educational 3,728.00Midkiff, Sara M. 2184 Blacks Rd. Hebron OH 43025 Educational 3,776.00

Shrewsbury, Wendell Brian RR1 Box 195A Matoaka WV 24736 Educational 2,040.00Wilson, Ashley 1800 Hunters Ridge Grapevine TX 76051 Educational 6,669.42

$ 47,151.82

Page 1 of 1

Bailey Family Foundation, Inc.FEIN 54-18507802007 990PF: Part XV Supplementary Information

Name Address Purpose of Grant or Contribution Amount

Academy of the Holy Names 3319 Bayshore Boulevard, Tampa, FL 33629 Encourage academic excellence 1,50000Adventure Cycling Association P.O Box 8308, Missoula, MT 59807 Social services and community programs 500 00Americans for Prosperity Foundation 230 AlA N, Ponte Vedra Beach, FL 32082 Social services and community programs 10,000 00Angel of Hope PO Box 1662, Lutz, FL 33548 Social services and community programs 1,50000

AOPA Air Safety Foundation 421 Aviation Way, Frederick, MD 21701 Social services and community programs 1,00000

Bay Area Legal Services, Inc 829 W Dr. M L King Jr Blvd , Ste 200, Tampa, FL 33603 Social services and community programs 1,500 00

Big Brothers Big Sisters of Tampa Bay 711 S. Dale Mabry Hwy, Ste. 300, Tampa, FL 33609 Social services and community programs 25,000 00Bill of Rights Institute 200 North Glebe Road, Ste 200, Arlington, VA 22203 Social services and community programs 1,500 00Boys and Girls Clubs of Tampa Bay, Inc 201 N. Armenia Ave, Tampa, FL 33609 Social services and community programs 5,000 00

Brandon Care Pregnancy Center 122 N. Moon Avenue, Brandon, FL 33510-9979 Medical research and services 1,000.00

Central Penn College Education Found Campus on College Hill & Valley Rds, Summerdale, PA 17093-0309 Encourage academic excellence 25,000 00Central Pennsylvania College Campus on College Hill & Valley Rds, Summerdale, PA 17093-0309 Social services and community programs 650 00

Child Abuse Council, Inc 3108 W Azeele St, Tampa, FL 33609 Social services and community programs 100 00

Cord Blood Donor Foundation 1200 Bayhill Dr, 3rd Floor, San Bruno, CA 94066-9804 Medical research and services 1,00000

Florida Blood Services Foundation 10100 Dr. Martin Luther King Jr Street N, St Petersburg, FL 33716-3806 Medical research and services 1,500.00Flonda FFA Foundation, Inc 5000 Firetower Road, Haines City, FL 33844 Social services and community programs 1,00000Florida Orchestra Inc PO Box 23688, Tampa, FL 33623-3688 Social services and community programs 166,667 00Friends of Joshua House Foundation, Inc P.O Box 1769, Tampa, FL 33601 Social services and community programs 500 00Friends of the Gallery 401 W Kennedy Boulevard, Tampa, FL 33606 Social services and community programs 1,000 00GBS-CIDP Foundation International 12508 Maverick Court, Tampa, FL 33626 Social services and community programs 1,000.00

Gonzmart Family Foundation Inc PO Box 5027, Tampa, FL 33675-5027 Social services and community programs 500 00Harbour Island Athletic Club 900 S Harbour Island Blvd , Tampa, FL 33602 Social services and community programs 3,000 00H Lee Moffitt Cancer Center & Rsch Instit PO Box 550985, Tampa, FL 33655-9949 Medical research and services 1,000 00Henry B Plant Museum Society Inc 5139 Nichol Street, Tampa, FL 33611 Social services and community programs 500 00Hillsborough Education Foundation 2010 E Hillsborough Avenue, Suite # 212, Tampa, FL 33610-8255 Encourage academic excellence 1,50000Homeless Coalition of Hillsborough Cty PO Box 360181, Tampa, FL 33673-0181 Social services and community programs 1,000.00

Hospice Foundation of the FL Suncoast 5771 Roosevelt Blvd , Clearwater, FL 33760 Medical research and services 1.500 00

Joshua House PO Box 1769, Tampa, FL 33601 Social services and community programs 1,00000

Junior League of Tampa, Inc. 84 Columbia Drive, Tampa, FL 33606 Social services and community programs 1,00000Karen Academy Found for African Educ Inc 6819 Laurel St , NW, Washington, DC 20012 Encourage academic excellence 1,50000

Kids Chanty of Tampa Bay, Inc 4115 W. Spruce St, Tampa, FL 33607 Social services and community programs 3,000 00

Lifepath Hospice and Palliative Care Inc 12973 Telecom Pkwy, Ste 100, Temple Terrace, FL 33637 Medical research and services 1,50000Lightning Foundation 401 Channelside Dr, Tampa, FL 33602 Social services and community programs 2,000 00

Lockhart Elementary School OM 3719 N 17th St, Tampa, FL 33610 Social services and community programs 1,00000

Lowry Park Zoo Endowment Foundation Inc 1101 W Sligh Avenue, Tampa, FL 33604 Social services and community programs 140 00

Metropolitan Ministries, Inc 2002 N Florida Avenue, Tampa, FL 33602-9985 Social services and community programs 5,000 00Morningstar Church Inc PO Box 341523, Tampa, FL 33694 Social services and community programs 1,00000Nonprofit Leadership Ctr of Tampa Bay Inc 1111 North Westshore Blvd , Suite #215, Tampa, FL 33607-4711 Social services and community programs 1,500 00Phi Delta Theta Educational Foundation 2 South Campus Avenue, Oxford, OH 45056-1872 Encourage academic excellence 1,50000Plant City Cornerstone Community Center PO Box 2273, Plant City, FL 33564-2273 Social services and community programs 500 00

Rails-to-Trails Conservancy 1100 Seventeenth Street, NW, PO Box 96014, Washington, DC 20077-7560 Social services and community programs 150.00

Schaaral Zedek Preschool 3303 W Swann Avenue, Tampa, FL 33609 Encourage academic excellence 1,500 00

Search & Rescue Charitable Foundation 901 SE 17th St , Ste. 205, Fort Lauderdale, FL 33316-2955 Social services and community programs 1,500.00

So Tampa Auxil of the Children's Home Inc 3431 Henderson Blvd , Tampa, FL 33609 Social services and community programs 1,000 00

19e- I J z-

Bailey Family Foundation, Inc.FEIN 54 -18507802007 990PF : Part XV Supplementary Information

Name

Southcoast Hospitals Group, IncSPC Foundation, Inc.St John Presbyterian Church Community CtrSt. Joseph's Hospital, Inc.StandUp for KidsSusan G Komen for the CureTampa AlphaTampa Bay History Center IncTampa Bay Performing Arts Center, IncTampa General Hospital Foundation, IncTampa Lighthouse for the Blind Inc.The Centre For Women IncThe Foundation Fighting Blindness, Inc.The Salvation ArmyThe Salvation Army "Tree of Lights"The USOUniversity of Tampa Alumni AssociationUSOVan Dyke United Methodist ChurchVietnam Veterans of America Inc.

Address Purpose of Grant or Contribution Amount

43 High Street, Wareham, MA 02571 Medical research and services 1,500.00P.O. Box 13489, St. Petersburg, FL 33733-3489 Social services and community programs 1,500004120 N MacDill Avenue, Tampa, FL 33607 Social services and community programs 1,500.003001 W Dr. Martin Luther King Jr Blvd., Tampa, FL 33609 Medical research and services 1,000 0011947 North Freeway, Suite 520, Houston, TX 77060 Social services and community programs 1,500005005 LBJ Freeway, Suite 250, Dallas, TX 75244 Medical research and services 1,000 00401 W Kennedy Blvd, Box 85F, Tampa, FL 33606-1490 Social services and community programs 600 00225 S. Franklin St., Tampa, FL 33602 Social services and community programs 200,000 00PO Box 518, Tampa, FL 33601-0518 Encourage academic excellence 5,500.00P 0 Box 1289, Tampa, FL 33601 Medical research and services 60,570 001106 W Platt St , Tampa, FL 33606-9904 Medical research and services 1.50000305 S. Hyde Park Avenue, Tampa, FL 33606 Social services and community programs 1,000 005310 NW 33rd Ave, Suite 219, Ft. Lauderdale, FL 33309 Medical research and services 10,000 00PO Box 2839, Tampa, FL 33601 Social services and community programs 5,50000PO Box 2839, Tampa, FL 33601 Social services and community programs 25,000.00PO Box 96860, Washington , DC 20077-7677401 W Kennedy Blvd, Box 85F , Tampa , FL 33606PO Box 96860 , Washington , DC 20077-7677PO Box 340424 , Tampa , FL 33694PO Box 5295, 850 Mercer Street , Princeton, WV 24740

Social services and community programs 400 00Encourage academic excellence 500.00Social services and community programs 100 00Social services and community programs 1,500.00Social services and community programs 1,000.00

601,87700

BS Financial Services Inc.

.0. BOX 3906

TAMPA, FL 33601-3906

December 2007


FEIN #: 54-1850780

2007 Part II Balance Sheet

(c) Fair Market Value,

Schedule L - I Pg. 1 of 44

This graph provides values and/or percentages by asset class. Insurance products, 529 Plans, Private investments, accrued Interest

and pending return ofprincipal are not Included In the asset classification

I

q CashCash alternatives

Equities

Fixed Income

Balanced

® Alternative strategies

® Other

Total

Total asset value % of total

$ 60,715.43 6.64%.00 0.00%

853,127.44 93.36%

.00 0.00%

.00 0.00%

.00 0.00%

.00 0.00%

$ 913,842.87 100.00%

PREN11111,1111, 18 MISSThis graph Includes credits, debits and changes In market value. It does not Include Insurance products, 529 Plans,

Private Investments, accrued Interest and pending return of principal.

(n $ Thousands)

$1,000

$500

$0

Business Services Account


NWQ

PO BOX 803

NEWINGTON VA 22122-0803

Account Instructions

Your ACCESS account Is managed by

NWQ INTERNATIONAL

Bulletin boardAccess UBS' top economists, strategists, and

research analysts via Interactive conference

calls about the market, Including Q&A. Ask

your UBS Financial Advisor about these caitsi

RESOURCEUNE 1-800-BSA-0140: ACCOUNT #: 048054487

VISIT OUR WEB SITE AT WWW.UBS.COM.

Member SIPC Page I 9j yci December 071 TM 54487 35

YE06 1Q07 2007 3Q07 0007 Nov07 Dec07

Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair' Market ValueSchedule L - 1 Pg. 2 of49

Common stock

Business Services Account P^-\®

Statement Period : December 2007

Est annual Income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis Aalr loss period

ACOM CO LTD SPON ADR 1,070.000 5.113 5,470.91 04/18/06 14.465 15,477.98 -10,007.07 LT

Symbol: ACMUY Exchange: OTC 405.000 5.113 2,070.76 05/12/06 14.849 6,014.13 -3,943.37 LT

390.000 5.113 1,994.07 09/26/06 9.849 3,841.11 -1,847.04 LT

Security total 1,865.000 9,535.74 257 / 2.70% 25,333.22 -15,797.48

AEGON NV ADR N Y SHS 495.000 17.530 8,677.35 349 / 4.02 % 06/13/06 15.358 7,602.66 1,074.69 LT

NETHERLANDS

Symbol: AEG Exchange: NYSE

ALCATEL-LUCENT SPON ADR 361.000 7.320 2,642.52 03/28/ 11.918 4,302.43 -1,659.91 ST

Symbol: ALU Exchange: NYSE 371.000 7.320 2,715.72 04/02/07 11.818 4,384.48 -1,668.76 ST

251.000 7.320 1,837.32 05/02/07 13.347 3,350.30 -1,512.98 ST

1,048.000 7.320 7,671.36 07/25/07 13.598 14,251.23 -6,579.87 ST

385.000 7.320 2,818.20 09/14/07 9.049 3,483.90 -665.70 ST

595.000 7.320 4,355.40 09/19/07 8.960 5,331.68 -976.28 ST

Security total 3,011.000 22,040.52 1,060 / 4.81 % 35,104.02 -13,063.50

ALUMINA LTD SPON ADR 599.000 22.090 13,231.91 04/18/06 22.892 13,712.85 -480.94 LT

Symbol: AWC Exchange: NYSE 110.000 22.090 2,429.90 08/07/06 19.629 2,159.21 270.69 LT

153.000 22.090 3,379.77 11/20/07 23.513 3,597.61 -217.84 ST

Security total 862.000 19,041.58 647 / 3.40% 19,469.67 -428.09

ANGLOGOLD ASHANTI LTD NEW SPON 400.000 42.810 17,124.00 04/12/06 50.815 20,326.16 -3,202.16 LT

ADR 60.000 42.810 2,568.60 06/09/06 42.424 2,545.46 23.14 LT

Symbol: AU Exchange: NYSE 45.000 42.810 1,926.45 10/23/06 39.912 1,796.04 130.41 LT

138.000 42.810 5,907.78 10/03/07 43.676 6,027.29 -119.51 ST

Security total 643.000 27,526.83 288 / 1.05% 30,694.95 -3,168.12

ASTRAZENECA PLC SPON ADR 139.000 42.820 5,951.98 09/14/07 47.768 6,639.75 -687.77 ST

Symbol: AZN Exchange: NYSE 145.000 42.820 6,208.90 10/25/07 49.434 7,167.99 -959.09 ST

H

Continued on page 5 Page 1 (0j 09 December 07/ TM 54487 35

O Bailey Family Foundation Business Services Account B, - \FEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value State ment Period: December 2007Schedule L - 1 Pg. 3 of !{q

Common stock - continuedEst. annual Income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis 9aM1loss period

Security total 284.000 12,160.88 497 1 4.09 % 13,807.74 -1,646.86

BARRICK GOLD CORP 817.000 42.050 34,354.85 04/12106 28.920 23,627.72 10,727.13 LT

Symbol: ABX Exchange: NYSE 85.000 42.050 3,574.25 11/14/06 29.188 2,481.01 1,093.24 LT

122.000 42.050 5,130.10 11/15/06 29.167 3,558.40 1,571.70 LT

Security total 1,024.000 43,059.20 307 / .71 % 29,667.13 13,392.07

BP PLC SPON ADR 142.000 73.170 10,390.14 02/23/07 63.104 8,960.82 1,429.32 ST

Symbol: BP Exchange: NYSE 127.000 73.170 9,292.59 02/26/07 64.228 8,157.04 1,135.55 ST

135.000 73.170 9,877.95 06/04/07 68.153 9,200.67 677.28 ST

Security total 404.000 29,560.68 1,025 / 3.47 % 26,318.53 3,242.15

CENTRAIS ELETRICAS BRAS SA 65.000 13.444 873.86 02/01/07 12.030 781.95 91.91 ST

SPON ADR REP 50 COM 110.000 13.444 1,478.84 02/05/07 11.917 1,310.97 167.87 ST

(ELETROBRAS) 6.000 13.444 80.66 02/06/07 11.839 71.03 9.63 ST

Symbol: CAIFY Exchange: OTC 218.000 13.444 2,930.79 3/05/07) 9.980 2,175.64 755.15 ST

97.000 13.444 1,304.07 12/07 13.173 1,277.78 26.29 ST

169.000 13.444 2,272.04 08/06/07 12.756 2,155.80 116.24 ST

Security total 665.000 8,940.26 7,773.17 1,167.09

CENTRAIS ELETRICAS BRAS SA 35.000 12.893 451.25 01/23/07 10.819 378.69 72.56 ST

SPON ADR REP 50 PREF CL B ADR 115.000 12.893 1,482.69 01/24/07 11.052 1,271.05 211.64 ST

Symbol: CAIGY Exchange: OTC 200.000 12.893 2,578.60 06/06/07 12.575 2,515.08 63.52 ST

176.000 12.893 2,269.17 12/18/07 12.768 2,247.31 21.86 ST

Security total 526.000 6,781.71 6,412.13 369.58

CHUNGHWATELECOM CO LTD SPON 1,716.000 18.340 31,471.44 04/12/06 17.595 30,194.71 1,276.73 LT

AOR 126.000 18.340 2,310.84 08/21/06 15.346 1,933.61 377.23 LT

EXCHANGE: OTC

Security total 1,842.000 33 ,782.28 1,418 / 4.20 % 32,128.32 1,653.96

CLP HOLDINGS LTD SPON ADR 1,044 . 000 6 . 829 7 , 129.47 265 / 3.72% 04/18106 5 .935 6 , 196.66 932.81 LT

Symbol : CLPHY Exchange: OTC

H

Continued on page 6 Page 3 p. in December 07/ TM 54487 35

O Bailey Family Foundation Business Services Account 8" NOFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value

Statement Period: December 2007Schedule L - 1 Pg. 4 of *A

Common stock - continued

Description Total shares Price Current valueEst. annual Income/

Current yieldTradedate

Purchaseprice Cost basis

Unrealizedpaln/loss

Holdingperiod

DAIWA HOUSE INDUSTRY LTD 38.000 129.168 4,908.38 56 / 1.14% 11/08/07 122.488 4,654.57 253.81 STADRJAPAN

Symbol: DWAHY Exchange: OTC

ENI SPA IT SPON ADR 132.000 72.430 9,560.76 333 / 3.48% 04/12/06 58.095 7,668.66 1,892.10 LT

Symbol: E Exchange: NYSE

FUJI FILM HOLDINGS CORP ADR 632.000 41.540 26,253.28 123 / .47% 04/12/06 33.727 21,315.46 4,937.82 LT

Symbol: FUJI Exchange: OTC

GOLD FIELDS LTD SPON ADR 256.000 14.200 3,635.20 02/08/07 16.759 4,290.46 -655.26 ST

Symbol: GFI Exchange: NYSE 115.000 14.200 1,633.00 '=5/07 16.424 1,888.82 -255.82 ST

Security total

IMPALA PLATINUM HLDG LTD SPON

ADR

Symbol: IMPUY Exchange: OTC

IVANHOE MINES LTD

Symbol: IVN Exchange: AMEX

Security total

KINROSS GOLD CORP NEW

Symbol: KGC Exchange: NYSE

Security total

KIRIN HOLDINGS LTD SPON ADR

Symbol: KNBWY Exchange: OTC

Security total

136.000 14.200 1,931.20 05/10/07 17.681 2,404.70 -473.50 ST

267.000 14.200 3,791.40 05/22/07 17.354 4,633.52 -842.12 ST

156.000 14.200 2,215.20 11/12/07 18.091 2,822.24 -607.04 ST

930.000 13,206.00 239 / 1.81 % 16,039.74 -2,833.74

208.000 34.714 7,220.51 276 / 3.82% 04/18/06 23.723 4,934.42 2,286.09 LT

180.000 10.730 1,931.40 04/12/06 9.128 1,643.18 288.22 LT

190.000 10.730 2,038.70 05/16/06 6.959 1,322.31 716.39 LT

30.000 10.730 321.90 05/18/06 6.993 209.81 112.09 LT

100.000 10.730 1,073.00 05/19/06 6.816 681.64 391.36 LT

230.000 10.730 2,467.90 05/22/06 6.730 1,547.90 920.00 LT

730.000 7,832.90 5,404.84 2,428.06

123.000 18.400 2.263.20 01/25/07 12.967 595.0 668.20 ST

231.000 18.400 4,250.40 08/16/07 10.274 2,373.46 1,876.94 ST

354.000 6,513.60 3,968.46 2,545.14

1,470.000 14.689 21,592.83 04/18/06 14.341 21,082.15 510.68 LT

406.000 14.689 5,963.73 11/15/06 13.259 5,383.28 580.45 LT

1,876.000 27,556.56 216 / .78% 26,465.43 1,091.13

H

Continued on page 7 Page of 4C December 07/ TM 54487 35

Bailey Family Foundation Business Services Account B^®FEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period: December 2007Schedule L - 1 Pg. 5 of 49





Unrealizedgalnfoss

Holdingperiod

KOREA ELECTRIC POWER CRP 605.000 20.850 12,614.25 04/12/06 22.994 13,911.55 -1,297.30 LT

SPONSORED ADR 205.000 20 850 4,274.25 10/11/06 19.441 3,985.51 288.74 LT

SHSSymbol: KEP Exchange: NYSE

Security total 810.000 16,888.50 316 / 1.87% 17,897.06 -1,008.56

KT CORP SPON ADR 1,179.000 25.800 30,418.20 908 / 2.99% 04/12/06 21.920 25,843.68 4,574.52 LT

Symbol: KTC Exchange: NYSE

L M ERICSSON TELEFON CO SEK 10 179.000 23.350 4,179.65 11/20/07 25.332 4,534.52 -354.87 ST

NEW 2002 ADR 211.000 23.350 4,926.85 11/21/07 23.764 5,014.39 -87.54 ST

Symbol: ERIC Exchange: OTC

Security total 390.000 9,106.50 201 / 2.21 % 9,548.91 -442.41

LIHIR GOLD LTD SPON ADR 184.000 31.190 5,738.96 04/18/06 22.019 4,051.53 1,687.43 LT

Symbol: LIHR Exchange: OTC

LONMIN PLC NEW SPON ADR 229.000 61.569 14,099.30 04/18/06 47.450 10,866.23 3,233.07 LT

Symbol: LNMIY Exchange: OTC 27.000 61.569 1,662.36 09/26/07 66.034 1,782.93 -120.57 ST

Security total 256.000 15,761.66 271 / 1.72% 12,649.16 3,112.50

MATSUSHITA ELEC IND ADR JAPAN 241.000 20.440 4,926.04 07/27/07 18.124 4,368.03 558.01 ST

Symbol: MC Exchange: NYSE 244.000 20.440 4,987.36 08/17/07 17.693 4,317.09 670.27 ST

283.000 20.440 5,784.52 09/12/07 17.499 4,952.44 832.08 ST

Security total

MITSUI SUMITOMO INSURANCE LTD

JAPAN ADR

Symbol: MTSQY Exchange: OTC

Security total

NEC ELECTRONICS UNSPON ADR ADR

Symbol: NELTY Exchange: OTC

Continued on page 8

768.000 15,697.92 195 / 1.24% 13,637.56 2,060.36

30.000 97.391 2,921.73 11/09/07 108.804 3,264.14 -342.41 ST

14.000 97.391 1,363.47 11/12/07 107.257 1,501.60 -138.13 ST

38.000 97.391 3,700.86 11/21/07 110.589 4,202.38 -501.52 ST

46.000 97.391 4,479.98 12/05/07 108.442 4,988.34 -508.36 ST

128.000 12,466.04 145 / 1.16% 13,956.46 -1,490.42

669.000 11.928 7,979.83 04/18/06 19.703 13,181.31 -5,201.48 LT

Page 5 &149December 07/ TM 54487 35

H

Bailey Family Foundation Business Services Account B^®FEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value

Statement Period : December 2007Schedule L -1 Pg. 6 of 49


Description Total shares Price Current valueEst annual Income/



Unrealizedgalnl7oss

Holdingperiod

NEWCREST MINING LTD SPON 43.000 29.063 1,249.71 06/27/06 14.810 636.84 612.87 LT

AUSTRALIAADR 205.000 29.063 5,957.91 09/12/06 15.395 3,156.00 2,801.91 LT

Symbol: NCMGY Exchange: OTC

Security total 248.000 7,207.62 10 / .14% 3,792.84 3,414.78

NEWMONT MINING CORP (HOLDING 231.000 48.830 11,279.73 05/23/07 39.453 9,113.78 2,165.95 ST

CO) 225.000 48.830 10,986.75 05/31/07 40.222 9,049.97 1,936.78 ST

Symbol: NEM Exchange: NYSE 199.000 48.830 9,717.17 06/05/07 41.271 8,212.99 1,504.18 ST

Security total 655.000 31,983.65 262 / .82% 26,376.74 5,606.91

NEXEN INC 151.000 32.270 4,872.77 09/24/07 30.254 4,568.43 304.34 ST

Symbol: NXY Exchange: NYSE 151.000 32.270 4,872.77 10/02/07 30.435 4,595.75 277.02 ST

Security total

NIPPON TELEG & TEL CORP SPON

ADR

Symbol: NTT Exchange: NYSE

Security total

NOVAGOLD RESOURCES INC NEW

Symbol: NG Exchange: AMEX

Security total

PETRO-CANADA COM STOCK

Symbol: PCZ Exchange: NYSE

PROMISE CO LTD UNSPON ADR

Symbol: PMSEY Exchange: OTC

Security total

155.000 32.270 5,001.85 10/10/07 30.744 4,765.40 236.45 ST

457.000 14,747.39 47 / .32% 13,929.58 817.81

1,125.000 24.660 27,742.50 04/12/06 21.270 23,928.75 3,813.75 LT

232.000 24.660 5,721.12 05/31/07 23.369 5,421.77 299.35 ST

242.000 24.660 5,967.72 06/18/07 22.722 5,498.72 469.00 ST

211.000 24.660 5,203.26 10/01/07 23.374 4,932.10 271.16 ST

1,810.000 44,634.60 601 / 1.35% 39,781.34 4,853.26

132.000 8.160 1,077.12 01/11/07 15.839 2,090.81 -1,013.69 ST

60.000 8.160 489.60 02/12/07 16.464 987.86 -498.26 ST

50.000 8.160 408.00 02/16/07 16.497 824.89 -416.89 ST

242.000 1,974.72 3,903.56 -1,928.84

98.000 53.620 5,254.76 53 / 1.01 % 12/05/07 48.614 4,764.17 490.59 ST

505.000 12.442 6,283.21 04/18/06 30.215 15,258.98 -8,975.77 LT

199.000 12.442 2,475.96 04/25/06 29.487 5,868.01 -3,392.05 LT

170.000 12.442 2,115.14 09/21/06 20.128 3,421.78 -1,306.64 LT

50.000 12.442 622.10 09/22/06 19.688 984.42 -362.32 LT

175.000 12.442 2,177.35 11/09/06 17.337 3,034.06 -856.71 LT

1,099.000 13,673.75 276 / 2.02% 28,567.25 -14,893.49

H

Continued on page 9 Page & &t qq December 07/ TM 54487 35

Bailey Family Foundation Business Services Account F"` O HFEIN #: 54-1850780 -'2007 Part 11 Balance Sheet(c) Fair Market Value Statement Period : December 2007

Schedule L - 1 Pg. 7 of41Common stock - continued

Est annual Income! Trade Purchase Unrealized HoldingDescrtptlon Total shares Price Current value Current yield date price Cost basis ga/Moss period

ROYAL DUTCH SHELL PLC ADS 290.000 83.000 24,070.00 04/12/06 68 . 920 19,986.80 4,083.20 LT

REPSTG 2 CL B ORD SHS 44.000 83.000 3,652 .00 02/27/07 67.229 2,958.08 693.92 ST

Symbol : RDSB Exchange: NYSE

Security total 334.000 27,722 .00 740 / 2.67% 22,944.88 4,777.12

SANOFI-AVENTIS SA SPON ADR 163 .000 45.530 7,421.39 09/25/07 42 . 577 6 ,940.15 481.24 ST

Symbol : SNY Exchange : NYSE 165.000 45.530 7,512.45 10/03/07 42.500 7 ,012.63 499.82 ST

Security total 328.000 14,933.84 325 / 2.18% 13,952.78 981.06

SEGA SAMMY HLDG INC SPON ADR 475.000 3 .117 1,480.57 12/21/06 6 . 543 3 , 108.07 -1,627.50 LT

Symbol: SGAMY Exchange : OTC 186.000 3 .117 579.76 12/22/06 6.510 1 , 210.97 -631.21 LT

671.000 3 . 117 2,091.51 ,03 55/07) 6.192 4,155 .23 -2,063.72 ST

467.000 3 . 117 1,455.64 05115707 4.800 2,241 .60 -785.96 ST

Security total 1,799 . 000 5 ,607.48 182 / 3.25% 10 , 715.87 -5,108.39

SEKISUI HOUSE LTD SPON ADR 385. 000 10 .813 4,163.00 04/18/06 15.524 5,977.01 -1,814.01 LT

Symbol : SKHSY Exchange : OTC 112.000 10.813 1 ,211.06 09/06/07 12 . 118 1,357.29 -146.23 ST

233.000 10.813 2 ,519.43 09/13/07 11.710 2,728.64 -209.21 ST

180.000 10 . 813 1,946 .34 10/04/07 12.299 2,213.93 -267.59 ST

224.000 10.813 2 ,422.11 10/09/07 12.104 2,711.43 -289.32 ST

Security total 1 , 134.000 12,261.94 188 / 1.53% 14 , 988.30 -2,726.36

SHISEIDO CO LTD SPONS 601.000 23.676 14,229.27 138 / .97% 04/18/06 20.194 12,137.01 2,092.26 LT

ADRJAPAN

Symbol: SSDOY Exchange: OTC

STORA ENSO OYJ REPSTG SER R 1,407.000 14.700 20,682.90 618 / 2.99% 04/18/06 15.009 21,117.66 -434.76 LT

SHS SPON ADR

Symbol: SEOAY Exchange: OTC

SUNCOR INC 132.000 108.730 14,352.36 54 / .38% 04/12/06 82.323 10,866.74 3,485.62 LT

Symbol: SU Exchange: NYSE

SWISSCOM AG SPON ADR 740.000 39.041 28,890.34 881 / 3.05% 04/18/06 32.697 24,196.45 4,693.89 LT

Symbol: SCMWY Exchange: OTC

Continued on page 10 Page , ,401 December 07/ TM 54487 35

Bailey Family Foundation Business Services Account 8"'\®FEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Stat ement Period: December 2007Schedule L - 1 Pg. 8 of "





Unrealizedcaln,4oss

Holdingperiod

TECHNIP SA NEW SPON ADR 100.000 79.682 7,968.20 104 / 1.31% 09/12/06 55.771 5,577.13 2,391.07 LT

Symbol: TKPPY Exchange: OTC

TELECOM ITALIA SPA NEW REPSTG 1,230.000 23.500 28,905.00 2,209 / 7.64% 04/18/06 26.086 32,086.64 -3,181.64 LT

10 SAVINGS SHS SPON ADR

Symbol: TIA Exchange: NYSE

TOMKINS PLC SPONSORED ADR 548.000 13.950 7,644.60 04/18/06 24.154 13,236.39 -5,591.79 LT

UNITED KINGDOM 180.000 13.950 2,511.00 09/08/06 18.442 3,319.70 -808.70 LT

Symbol: TKS Exchange: NYSE

Security total 728.000 10,155.60 785 / 7.73% 16,556.09 -6,400.49

TOPPAN PRINTING LTD ADR 365.000 49.188 17,953.61 04/18/06 65.862 24,039.81 -6,08620 LT

Symbol: TONPY Exchange: OTC 116.000 49.188 5,705.81 12/06/06 53.757 6,235.90 -530.09 LT

Security total 481.000 23,659.42 359 / 1.52% 30,275.71 -6,616.29

TOTAL S.A. FRANCE SPON ADR 240.000 82.600 19,824.00 573 / 2.89 % 04/12/06 65.466 15,711.92 4,112.08 LT

Symbol: TOT Exchange: NYSE

UNTD UTILITIES PLC SPON ADR 536.000 30.098 16,132.52 979 / 6.07% 04/18/06 24.312 13,031.61 3,100.91 LT

Symbol: UUPLY Exchange: OTC

UPM KYMMENE CORP SPON ADR 221.000 20.206 4,465.53 12/11/07 21.227 4,691.34 -225.81 ST

Symbol: UPMKY Exchange: OTC 236.000 20.206 4,768.62 12/18/07 19.627 4,632.16 136.46 ST

Security total 457.000 9,234.14 329 / 3.56% 9,323.50 -89.35

VODAFONE GROUP PLC NEW SPON 63.000 37.320 2,351.16 04/12/06 24.931 1,570.66 780.50 LT

ADR 298.000 37.320 11,121.36 05/26/06 25.396 7,568.06 3,553.30 LT

Symbol: VOD Exchange: NYSE 145.000 37.320 5,411.40 08/03/06 21.879 3,172.51 2,238.89 LT

Security total 506.000 18,883.92 717 / 3.80% 12,311.23 6,572.69

WACOAL HOLDINGS CORP ADR 120.000 64.060 7,687.20 04/18/06 68.037 8,164.51 -477.31 LT

Symbol: WACLY Exchange: OTC 25.000 64.060 1,601.50 05/10/07 63.176 1,579.41 22.09 ST

25.000 64.060 1,601 . 50 06/01/07 63.983 1 ,599.59 1.91 ST

62.000 64.060 3,971.72 11/07/07 60.465 3 , 748.84 222.88 ST

Security total 232.000 14 ,861.92 190 / 1.28 % 15,092.35 -230.43

Continued on page i 1 Page g Vj q q December 07/ TM 54487 35

H

O Bailey Family Foundation Business Services Account R'\®FEIN #: 54-1850780

2007 Part II Balance Sheet(c) Fair Market Value Statement Period : December 2007

Schedule L - 1 Pg. 9 of49


Description Total shares price Current value Current yield date price Cost basis galn/loss period

Total 37,543.000 853,127.44.1 20,012 843,726.80 9,400.66

H

Its q ^ 41

BS Financial Services Inc.

.0. BOX 3906

TAMPA, FL 33601-3906

December 2007


FEIN #: 54-1850780


(c) Fair Market Value

Schedule L - 1 Pg. 10 of 4q

This graph provides values and/or percentages by asset class. Insurance products, 529 Plans, Private Investments, accrued Interest

and pending return of prtndpal are not Included In the asset classification


Equities

Fixed income

Balanced

Alternative strategies

Other

Total


$ 72,450.81 8.44%.00 0.00%

785,801.03 91.56%

.00 0.00%

.00 0.00%

.00 0.00%

.00 0.00%

$ 858,251.84 100.00%

This graph Includes credits, debits and changes in market value. It does not Include Insurance products, 529 Plans,

Private Investments, accrued Interest and pending return of prindpal.

(in $ Thousands)

$900

$450

$0

Investment Account

BAILEY FAMILY

DAVIS

PO BOX 803

NEhWINGTON

FOUNDATION

VA 22122-0803

Account InstructionsYour ACCESS account Is managed by

DAVIS CORE EQ.

Bulletin boardAccess UBS' top economists, strategists, and


calls about the market, Including Q&A Ask

Your IIBS Financial Advisor about these callsl


N

Member SIPC Page ID 1 401 December 07/ TM 43398 35

YE04 YE05 YE06 1Q07 2Q07 3007 Oct07 Nov07 Dec07

Bailey Family FoundationFEIN # : 54-1850780 }2007 Part II Balance Sheet(c) Fair Market ValueSchedule L -1 Pg. 11 of 401

Current period Year-to-date

Realized capital gains/losses $ -4,404.70 $ 6,021.80

ME=

-- ill,MMillill I=Earnings are for the current calendar year. All prior year entries are summarized separately. This Information should not be usedfor tax oumoses. Refer to the disclosure on the back of the first pave.


UBS Money fund dividends $ 207.51 $ 2,477.26

Other dividends 1,273.11 16,494.06

Total current year security earnings $ 1,480.62 $ 18,971.32

Prior year(s) entries and adjustments .00 67.27

Net security earnings $ 1,480.62 $ 19, 038.59

Investment Account


The following return objective and risk profile(s) describe overall goals forthis account. For each account held, you choose one return objective andone primary risk profile, and If applicable, a secondary risk profile. A fulldescription of the alternatives is Included on the back of the first page. Thereturn objective and risk profile listed should be consistent with those reflectedon your managed account documents. The risk profile is based on ouranalysis of several answers to your managed profile questionnaire. litheinformation below does not correctly reflect the Information you provided or Nyou have any questions regarding these objectives, disagree with or wish tochangs them, please notify your Financial Advisor or Branch Manager at yourbranch office, in writing or by telephone.

Return objective : Current Income & capital appreciation

Risk profile : Primary: Moderate

Secondary: None selected

When available, prices, Income and current values maybe approximate and thus galnVosses may not be accurately reflected An asterisk (*) Indicates the calculation of unrealized gainsllosses based upon a UBS Financial Services

adjustment to cost basis. The number ' 1' Indicates cost basis Information has been provided by a source other than UBS Financial Services. See the back of the first page for additional information. Galnsllosses are not calculated

for zero coupon investments. 'Pending adjustment' or 'P/A' indicates cost basis has not yet been allocated as a result of a spin -off or taxable exchange.

Cash and money fundsDays in

Description Opening balance Closing balance Closing share price Average rate Dividend period period

RMA MONEY MKT. PORTFOLIO 59,422 .56 72 , 450.81 1.00 4.18% 11 /26 - 12/23 28

Common stockEst. annual income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis valn/loss period

ALTRIA GROUP INC 285 .000 75 . 580 21 ,540.30 07/11/01 35 .323 10 ,067.06 11 ,473.24 LT

Symbol : MO Exchange : NYSE 70.000 75 . 580 5,290.60 10/24/02 33.124 2 ,318.71 2 ,971.89 LT

90.000 75.580 6 , 802.20 12/04/02 29 .908 2 ,691.72 4,110.48 LT

80.000 75.580 6,046.40 04/04/06 54.134 4,330.76 1,715.64 LT

H

Continued on page 4 Page 11 141December 07/ TM 43398 35

0Bailey Family Foundation Investment Account HFEIN #: 54-18507802007 Part II Balance Sheet(c ) Fair Market Value Statement Period: December 2007

Schedule L - 1 Pg. 12 of49Common stock - continued

Est. annual Income! Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis gain/toss period

Security total 525.000 39 , 679.50 1,575 / 3.97 % 19 ,408.25. 20,271.25

AMER EXPRESS CO 610 .000 52 .020 31,732 . 20 07/11/01 32.298 19 , 702.13 12,030.07 LT

Symbol : AXP Exchange: NYSE 150.000 52.020 7 , 803.00 04/04/06 53 . 030 7, 954.50 -151.50 LT

Security total 760.000,j 39,535 . 20,/ 547 / 1.38% 27 ,656.63 C. IS) 11,878.57

AMER INTL GROUP INC 230 .000 58.300 13 ,409.00 07/11/01 83.400 19 , 182.00 -5 ,773.00 LT

Symbol . AIG Exchange: NYSE 125.000 58 .300 7 ,287.50 07/25/02 53.918 6,739.86 547.64 LT

30.000 58 .300 1 ,749.00 12/04/02 62 . 790 1,883.70 -134.70 LT

45.000 58.300 2,623.50 02/04/03 50.486 2,271.89 351.61 LT

30.000 58 . 300 1 ,749.00 03/23/05 56 .350 1,690 . 51 58.49 LT

120.000 58.300 6,996.00 04/04/06 65.950 7 ,914.00 -918.00 LT

Security total 580.000 33,814 .00,i 464 / 1.37% 39 , 681.96 2 9C,) -5 ,867.96

AMERIPRISE FINANCIAL INC 122 .000 55 . 110 6 , 723.42 07/11/01 23.007 2,806.87 3 , 916.55 LT

Symbol : AMP Exchange : NYSE 55.000 55.110 3 ,031.05 11 /10/05 38.085 2,094.71 936.34 LT

55.000 55 . 110 3,031.05 04/04/06 44 . 960 2,472.80 558.25 LT

Security total 232.000,-/ 12,785.52 ,/ 139 / 1.09% 7,374.38 C i 5e) 5,411.14

AON CORP 65 .000 47 .690 3,099 .85 10/05/01 42 . 617 2 ,770.13 329.72 LT

Symbol : AOC Exchange : NYSE 90 . 000 47 . 690 4,292.10 10/24/02 21 094 1,898.52 2,393.58 LT

Security total 155.000 ,/ 7,391 .95 93 / 1.26% 4,668.65 C B-1) 2,723.30

BANK OF NEW YORK MELLON CORP 190.000 v 48.760 9,264.40 3 182 / 1.96% 02/27/07 44.201 8,398.19 866.21 ST

Symbol: BK Exchange: NYSE

BERKSHIRE HATHAWAY INC CL B 5000 4,736 .000 23 ,680.00 07/11/01 2 , 347.000 11,735 00 11 , 945.00 LT

Symbol : BRKB Exchange : NYSE 4 .000 4,736.000 18,944.00 03/16/05 2 ,899.626 11 , 598.50 7,345.50 LT

Security total 9.0003 42,624.00) 23,333.50 C • SO) 19,290.50

CANADIAN NATURAL 210.000 73. 140 15,359.401/ 75 / .49% 12/18/07 68 . 594 14 ,404.85 954.55 ST

RESOURCES LTD

Symbol: CNO Exchange: NYSE

CARDINAL HEALTH INC 110.000 57.750 6 ,352.50 07/27/04 43 . 893 4 , 828.25 1 , 524.25 LT

Symbol : CAH Exchange : NYSE 5.000 57.750 288.75 07/29/04 44.300 221.50 67.25 LT

30.000 57 .750 1 , 732.50 04/04/06 74 . 980 2 , 249.40 -516.90 LT

a e 5ed onntiCPage 12 1 (,l9 December 07/ TM 43398 35

gpo nu

Bailey Family Foundation Investment AccountFEIN #: 54-18507802007 Part II Balance Sheet

`- (c) Fair Market ValueSchedule L - I Pg. 13 of 4



Description Total shares Price Current valueEst. annuallncome/


Purchaseprice

UnrealizedCost basis gainposs

Holdingperiod

Security total 145 . 000 8,373.75 .I 70 / .84% 7,299.15 (.16) 1,074.60

CITIGROUP INC 265 . 000 29.440 7, 801.60 07/11/01 45 . 036 11,934.55 -4 , 132.95 ' LT

Symbol : C Exchange: NYSE 95.000 29.440 2,796 .80 10/10/02 27.620 2,623 .90 172.90 LT

45.000 29.440 1,324 . 80 04/04/06 48.360 2 , 176.20 -851.40 LT

Security total 405.000,/ 11,923.20 875 / 7.34% 16 , 734.65 (1 s-i) -4 ,811.45

COMCAST CORP NEW SPECIAL CL A 225 . 000 18 . 120 4,077.00 01 /21/04 22.960 5 , 166.00 - 1,089.00 LT

Symbol : CMCSK Exchange : OTC 232.000 18 . 120 4 , 203.84 02/19/04 20 .003 4,640.78 -436.94 LT

202.000 18.120 3,660 . 24 04/21/04 19 . 184 3,875.20 -214.96 LT

390.000 18.120 7,066.80 03/09/05 22.117 8,625.86 -1,559.06 LT

173.000 18.120 3 , 134.76 04/04/06 17.542 3 ,034.85 99.91 LT

Security total 1,222.000 Stick Spl4 22, 142.64 3 25,342 .69 (9 32) -3,200.05

CONOCOPHILLIPS 125.000 88.300 11,037.50 07/11/01 27.900 3 ,487.50 7,550.00 LT

Symbol : COP Exchange : NYSE 100.000 88.300 8 , 830.00 12/24/01 29.645 2,964.57 5,865.43 LT

100.000 88.300 8,830 . 00 10/10/02 22.598 2,259.89 6,570.11 LT

130.000 88.300 11,479.00 04/04/06 65 . 260 8,483.80 2 ,995.20 LT

90.000 88.300 7,947.00 09/14/06 58.793 5,291.38 2,655.62 LT

Security total 545.000 48,123 .50 v 894 / 1.86% 22 ,487.14 0 4(,) 25,636.36

COSTCO WHOLESALE CORP 395.000 69.760 27,555.20 07/11/01 41.920 16,558.40 10 ,996.80 LT

Symbol : COST Exchange: OTC 70.000 69 . 760 4 , 883.20 12/18/02 27.644 1,935.09 2 , 948.11 LT

215.000 69.760 14,998 .40 04/04/06 54.770 11,775 .55 3,222.85 LT

Security total 680.000 47,436 .80,J 394 / .83% 30 , 269.04 (.89) 17,167.76

in • c TYCO)COVIDIEN LTD (S 56.000 44.290 2,480 .24 07/11/01 64 .421 3,607 .59 -1,127.35 LTp

Symbol : COV Exchange : NYSE 23.000 44.290 1 , 018.67 01/16/02 62.759 1,443.47 -424.80 LT

29.000 44.290 1,284 .41 07/26/02 15.131 438.82 845.59 LT

74.000 44 . 290 3 ,277.46 12/04/02 22 . 267 1,647 . 83 1,629.63 LT

151.000 44.290 6,687.79 04/04/06 33 . 288 5,026.56 1,661.23 LT

Security total 333.0006 14,748.57/ 213 / 1.44% 12,164.27 .( a3) 2,584.30

CVS CAREMARK CORP (c0ci: s YLi1 ) 208.000 39 . 750 8 , 268.00 11/28/05 30 . 047 6,249.94 2 ,018.06 LT

Symbol : CVS Exchange : NYSE 134 000 39 . 750 5 ,326.50 04/04/06 28 . 582 3 , 830.00 1 ,496.50 LT

Continued on page 6 Page 1,3 q 4q December 07/ TM 43398 35

H

0Bailey Family Foundation Investment AccountFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period : December 2007

Schedule L - I Pg. 14 of4Common stock - continued

Description Total shares Price Current valueEst. annual Income,'


Purchaseprice cost basis

Unrealizedgala loss

Holdingperiod

Security total 342 . 000 13 ,594.50 • 82 / .60 % 10,079.94 (. 4) 3,514.56

DELL INC 200.000 24.510 4 ,902.00 12/07/05 31 .671 6,334.26 -1,432.26 LT

Symbol : DELL Exchange : OTC 150.000 24 . 510 3,676 . 50 11 /21/07 25.926 3 , 888.92 -212.42 ST

Security total 350.000 • 8,578.50 • 10 , 223.18 (.A(.) -1,644.68

DEVON ENERGY CORP NEW 185.000 88.910 16,448 . 35 07/11/01 24.950 4 , 615.75 11,832.60 LT

Symbol : DVN Exchange : NYSE 120.000 88.910 10,669 . 20 12/27/01 19.551 2,346.20 8 ,323.00 LT

Security total 305.000- 27,117 . 55- 171 / .63% 6,961 .95 J 20, 155.60

DIAGEO PLC NEW GB SPON ADR 160.000 85.830 13,732 . 80 03/07/02 49 . 043 7,846.91 5,885.89 LT

Symbol : DEO Exchange : NYSE 30.000 85 . 830 2,574.90 12/04/02 42 .850 1,285.50 1 ,289.40 LT

Security total 190.000 - 16,307 .70- 499 / 3.06% 9,132.41 (241D 7,175.29

DUN & BRADSTREET CORP NEW 105.000 , 88.630 9 , 306.15 • 126 / 1.35 % 07/11/01 27 .350 2,871.75 ,/ 6,434.40 LT

Symbol : DNB Exchange: NYSE

EOG RESOURCES INC 260 . 000- 89.250 23,205.00 • 94 / .41 % 01/09/02 18 . 724 4 , 868.29 ( °'1) 18,336.71 LT

Symbol : EOG Exchange: NYSE

H & R BLOCK INC 170 .000 18.570 3 , 156.90 08/07/03 21 . 174 3,599 . 58 -442.68 LT

Symbol : HRB Exchange : NYSE 140.000 18 .570 2 ,599.80 05/20/04 23 . 350 3,269.06 -669.26 LT

150.000 18.570 2,785.50 04/04/06 21.670 3 ,250.50 -465.00 LT

Security total 460.000 • 8,542.20 • 262 / 3.07% 10 , 119.14 (--G4) -1,576.94

HARLEY DAVIDSON INC 105.000 46.710 4,904 . 55 06/08/05 48.945 5,139.26 -234.71 LT

Symbol: HOG Exchange : NYSE 75.000 46.710 3 ,503.25 10/18/05 48.656 3 ,649.25 -146.00 LT

100.000 46.710 4 ,671.00 04/04/06 51.430 5,143.00 -472.00 LT

Security total 280.000 13,078.80 • 336 / 2.57% 13 ,931.51 (. S l) -852.71

IRON MTN INC NEW 217 .000 37.020 8,033.34 11/19/04 20.586 4,467.31 3,566.03 LT

Symbol : IRM Exchange : NYSE 180.000 37.020 6 , 663.60 02/01/05 18.782 3,380.88 3,282.72 LT

Security total 397.000 3'• 2 S'Ck Sp 6-t 14,69694 - 7,848.19 (,0 4Q)) 6, 848.75

JPMORGAN CHASE & CO 230 .000 43 .650 10 ,039.50 07/11/01 26.478 6,090.00 3,949.50 LT

Symbol: JPM Exchange : NYSE 32 . 000 43 . 650 1,396 . 80 12/27/01 30 . 525 976 . 81 419.99 LT

145.000 43.650 6 ,329.25 09/30/02 28 . 020 4,063.03 2 , 266.22 LT

Continued on page 7 Page 14 01 a i December 07/ TM 43398 35

H


FEIN #: 54-1850780 Investment Account2007 Part II Balance Sheet(c) Fair Market ValueSchedule L - I Pg. 15 of4o Statement Period: December 2007

Common stock - continuedEst. annuallncomel Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis ualn1loss period

134.000 43 .650 5 , 849.10 01/02/03 28.007 3 , 752.99 2,096.11 LT

60.000 43.650 2 ,619.00 02/03/05 37.448 2,246.88 372.12 LT

235.000 43.650 10 , 257.75 04/04/06 42.380 9,959.30 298.45 LT

Security total 836.000 - 36,491 . 40. 1,271 / 3.48 % 27,089.01 (2-61) 9,402.39

LOEWS CORP 60.000 50.340 3,020 .40 07/11/01 20 . 130 1,207.80 1,812.60 LT

Symbol : LTR Exchange : NYSE 195 000 50 .340 9 ,816.30 01/04/02 18 .744 3,655.26 6,161.04 LT

225.000 50 .340 11 ,326.50 06/23/03 15.613 3,513.10 7,813.40 LT

Security total 480.0004 24,163.20 • 120 / .50% 8,376 . 16 (.(s(-) 15 , 787.04

MICROSOFT CORP 210 .000 35 .600 7 ,476.00 07/30/02 23.978 5 ,035.52 2,440.48 LT

Symbol : MSFT Exchange : OTC 100 .000 35. 600 3,560.00 08/03/05 27 . 262 2,726.25 833.75 LT

160.000 35.600 5,696.00 03/30/06 27 . 177 4,348.42 1,347.58 LT

170.000 35.600 6 ,052.00 04/04/06 27 .680 4 , 705.60 1,346.40 LT

Security total 640.000, 22,784.00 282 / 1.24 % 16,815.79 . (,T4^ 5,968.21

MOODYS CORP 190.000 • 35 . 700 6 ,783.00. 76 / 1.12% 07/11/01 16 . 180 3,074.20 C. 4) 3,708.80 LT

Symbol : MCO Exchange: NYSE

NEWS CORP INC DELA CL A 455 . 000 20 . 490 9 ,322.95 04/04/06 16.790 7,639.45 1 ,683.50 LT

Symbol: NWSA Exchange : NYSE 260.000 20 . 490 5 ,327.40 09/12/06 18 .696 4,861.17 466.23 LT

Security total 715 000. 14,650 .35 • 86 / .59% 12 ,500.62. 2,149.73

OCCIDENTAL PETROLEUM CRP 310 . 000 76 .990 23,866.90 09/12/03 17.465 5,414.15 18 ,452.75 LT

Symbol : OXY Exchange: NYSE 90 .000 76.990 6,929.10 08/18/04 24 .992 2,249.28 4,679.82 LT

Security total 400.000, 30 ,796.00- 400 / 1.30% 7,663.43 C-43) 23,132.57

PROCTER & GAMBLE CO 140 .000, 73 . 420 10 ,278.800 196 / 1.91% 05/05/06 55.749 7,804.93 , 2,473.87 LT

Symbol : PG Exchange: NYSE

PROGRESSIVE CORP OHIO 540 . 000 19 . 160 10,346.40 07/11/01 10.584 5 ,715.45 4,630.95 LT

Symbol : PGR Exchange : NYSE 120 . 000 19 . 160 2 ,299.20 12/04/02 13 . 762 1,651.50 647.70 LT

220.000 19.160 4,215 . 20 04/04/06 25.937 5 , 706.25 - 1,491.05 LT

Security total 880 .000 a 16 ,860.80. 31 / .18% 13,073 .20 (. QS ) 3,787.60

SEALED AIR CORP NEW 560.000 23.140 12 , 958.40 07/11/01 18.725 10,486.00 2,472.40 LT

Symbol : SEE Exchange : NYSE 110.000 23 . 140 2 , 545.40 12/04/02 18 080 1 ,988.80 556.60 LT

e 8adi Page is 1 41Decembe r 07/ TM 43398 35

on p gnueCont

H

Bailey Family Foundation Investment AccountFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period : December 2007

Schedule L -1 Pg. 16 of 4q


Description Total shares Price Current value Current yield date price Cost basis galnlloss period

Security total 670.000 15,503.80 - 268 / 1 .73% 12,474.80 (•'5G) 3,029.00

SPRINT NEXTEL CORP SERIES 1 250.000 13.130 3,282.50, 03/30/06 23.387 5,846.97 -2,564.47 LT

COMMON STOCK 260.000 13.130 3,413 . 80 08/01/06 19.480 5,064.83 -1,651.03 LT

Symbol : S Exchange: NYSE

Security total 510.000. 6,696 .30 51 / .76% 10,911.80. -4,215.50

TRANSATLANTIC HLDGS INC 140 .000 72 .670 10 , 173.80 07/11/01 63.220 8,850.87 1,322.93 LT

Symbol: TRH Exchange : NYSE 31.000 72 .670 2 ,252.77 12/04/02 56 . 217 1,742.75 510.02 LT

Security total 171.000 , 12 ,426.57 109 / .88% 10,593 .62 CI 42) 1,832.95

TRANSOCEAN INC NEW SHS ORD C .i r9er) 66.000. 143.150 9,447.90. 05/31/06 79.113 5 , 221.48 4,226.42 LT

Symbol : RIG Exchange: NYSE

r)_Q TYCO) 56.000TYCO ELECTRONICS LTD (SPI 37.130 2 ,079.28 07/11/01 59 .308 3,321.26 - 1,241.98 LT.

Symbol : TEL Exchange : NYSE 23.000 37.130 853.99 01/16/02 57.778 1,328.90 -474.91 LT

S pLrj -ln Could i e.n LId 29.000 37 . 130 1,076.77 07/26/02 13.930 403.99 672.78 LT

-to Two be:unvda- ,jau,74000 37.130 2,747.62 12/04/02 20 . 500 1,517.04 1,230.58 LT

%151.000 37.130 5 ,606.63 04/04/06 30.646 4,627.60 979.03 LT

Security total 333.000 q s}ock S pt 12,364.29 • 186 / 1.50% 11,198.79 C-22.) 1 ,165.50

TYCO INTL LTD BERMUDA NEW 56.000 39 . 650 2 , 220.40 07/11/01 79.172 4,433 .65 -2,213.25 LT

Symbol : TYC Exchange : NYSE 23.000 39.650 911.95 01/16/02 77.129 1,773.98 -862.03 LT

29.000 39.650 1,149.85 07/26/02 18.596 539 . 29 610.56 LT

74.000 39.650 2 ,934.10 12/04/02 27.366 2 ,025.13 908.97 LT

151.000 39.650 5,987.15 04/04/06 40.910 6,177.51 -190.36 LT

Security total 333.000% 13 ,203.45- 200 / 1 .51% 14,949 .564 -1,746.11

UNITEDHEALTH GROUP INC 160 .000- 58 . 200 9,312.00. 5 / .05% 10/20/06 50 . 824 8,131.95 - 1 ,180.05 LT

Symbol : UNH Exchange: NYSE

VULCAN MATERIALS CO NEW 75.000 79.090 5 ,931.75 • 138 / 2.33% 07/11/01 51.810 3,885.75 (. c 5^ 2,046.00 LT

(HOLDING COMPANY)

Symbol : VMC Exchange: NYSE

WACHOVIACORP 173.000 38 .030 6 , 579.19 07/11/01 30.248 5,232 .98 1,346.21 LT

Symbol : WB Exchange : NYSE 73.000 38.030 2 ,776.19 12/04/02 33 .048 2 , 412.55 363.64 LT

Continued on page 9 Page 140 bi 41December 07/ TM 43398 35

a

Bailey Family Foundation ^-,FEIN #: 54-1850780 Investment Account

2007 Part II Balance Sheet(c) Fair Market ValueSchedule L - I Pg. 17 ofA9 Statement Period: December 2007

Common stock - continuedEst annual Income/ Trade Purchase Unrealized HoldingDescription Total shares Price Current value Current yield date price Cost basis palrOoss period

74.000 38.030 2 , 814.22 04/04/06 55 . 795 4 , 128.83 -1,314.61 LTSecurity total 320 .000. 12,169.60 , 819 / 6.73 % 11,774.36. 395.24

WAL MART STORES INC 120.000 47 .530 5 ,703.60 07/12/05 49.853 5,982.47 -278.87 LTSymbol : WMT Exchange : NYSE 60 .000 47.530 2 , 851.80 08/30/05 44.950 2,697.00 154.80 LT

75.000 47.530 3,564.75 12/20/05 48 .618 3 ,646.40 -81.65 LT100.000 47.530 4,753.00 04/04/06 46 .500 4,650.00 103.00 LT

Security total 355.000 16 , 873.15- 312 / 1.85% 16 ,975.87 (. $^ ) -102.72

WELLS FARGO & CO NEW 520.000 30. 190 15 , 698.80 07/11/01 22.620 11,762 .40 3,936.40 LTSymbol : WFC Exchange: NYSE 100.000 30.190 3 ,019.00 12/04/02 23.215 2,321.50 697.50 LT

90.000 30. 190 2 , 717.10 04/04/06 32 .605 2 ,934.45 -217.35 LTSecurity total 710.000 21,434.90 880 / 4.11% 17,018.35 (..co) 4,416.55

Total 16,664 .000,/ 785,801.031 12,521 554 , T B 231,007.65

H

Vo^, f1 &I q 6)

,BS Financial Services Inc.

P.O. BOX 3906

TAMPA, FL 33601-3906

December 2007

Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market ValueSchedule L - I Pg. 18 of4Q

UBS Strategic Advisor

This graph provides values and/or percentages by asset class. Insurance products, 529 Plans, Private Investments, accrued interest

and pending return of principal are not Included In the asset classfcatlon


Equities

Fixed Income

Balanced


Other

Total


$ 483,100 .67 21.70%.00 0.00%

1,743,425.30 78.30%

.00 0.00%

.00 0.00%

.00 0.00%

.00 0.00%

$ 2,226 ,525.97 100.00%

This graph includes credits, debits and changes In market value. It does not Include insurance products, 529 Plans,


On $ Thousands)

$2,400

$1,200

$0

BAILEY FAMILY FOUNDATION

PO BOX 803


B

Bulletin boardAccess UBS' top economists , strategists, and


calls about the market , Including QBA. Ask

your IJBS Financial Advisor about these callsi

RESOURCELINE 1-800-BSA-0140: ACCOUNT #: 048046938


Member SIPC Page It 4 4 cl December 07/ TM 46938 35

YE04 YE05 YE06 1Q07 2007 3Q07 Oct07 Nov07 Dec07

Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market ValueSchedule L -1 Pg. 19 of 49

UBS Strategic Advisor


Realized capital gains/losses

Current period

.00

Year-to-date

43,527.94

The following return objective and risk profile(s) describe overall goals for thisaccount. For each account held, you must provide one return objective, one primaryrisk profile and, If applicable, a secondary risk profile. A full description of thealternatives is Included on the back of the first page. If you have questionsregarding these objectives, disagree with or wish to change them, please notify yourFinancial Advisor or Branch Manacer at your branch office. In wrttino or by telephone.mm,-OMEN

Eamings are or the current calendar year. All prior year entries are summarized separately. This information should not be used

for tax purposes. Refer to the disclosure on the back of the first page.


UBS Money fund dividends $ 1,527 .98 $ 18 ,612.98

Other dividends 6,683.77 19,324.07

Total current year security earnings $ 8,211 .75 $ 37,937.05

Prior year (s) entries and adjustments .00 258.02

Net security earnings $ 8,211.75 $ 38,195.07

Return objective : Capital appreciation

Risk profile : Primary: Moderate


When available, prices, Income and current values may be approximate and thus gainsllosses may not be accurately reflected. An asterisk (') Indicates the calculation of unrealized gains/losses based upon a UBS Financial Servic

adjustment to cost basis. The number '1' Indicates cost basis information has been provided by a source other than UBS Financial Services. See the back of the first page for additional Information. Galnsllosses are not calculated

for zero coupon Investments. 'Pending adjustment or'P/A' indicates cost basis has not yet been allocated as a result of a spin-off or taxable exchange.



RMA MONEY MKT. PORTFOLIO 474,888.92 483,100.67 1.00 4.18% 11/26 - 12/23 28

Closed end mutual fundsEst. annual income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis gaiMoss period

CONSUMERS STAPLES SECTOR SPDR 3,410.000 , 28.800 98,208.00. 2,008 / 2.04 % 04/10/06 23.432 79,904.30. 18,303.70 LT

TRUST SHS

Symbol: XLP Exchange: AMEX

H

Continued on page 4 Page I q 4 4(1 December 07/ TM 46938 35

OBailey Family Foundation UBS Strategic Advisor HFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market ValueSchedule L -1 Pg. 20 of 49

Statement Period: December 2007

Closed end mutual funds - continuedEst annual income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis galnposs period

ISHARES TRUST RUSSELL 1000 2,000.000. 79.600 159,200.00. 2,838 / 1.78 % 08/23/06 70.150 140,300.00 • 18,900.00 LT

INDEX

Symbol: IWB Exchange: AMEX

ISHARES TRUST RUSSELL 2000 2,000.000 75.920 151,840.00 05/01/06 76.490 152,980.00 .1,140.00 LT

INDEX FUND 1,000.000 75.920 75,920.00 07/19/06 68.640 68,640.00 7,280.00 LT

Symbol: IWM Exchange: AMEX

Security total 3,000.000, 227,760.00 3,207 / 1.41 % 221,620.00 • 6,140.00

ISHARES TRUST DOW JONES U.S 800.000 94.140 75,312.00 04/28/06 108.550 86,840.00 -11,528.00 LT

FINCL SECTOR INDEX FUND 500.000 94.140 47,070.00 03119/07 114.120 57,060.00 -9,990.00 ST

Symbol: IYF Exchange: NYSE 700.000 94.140 65,898.00 _08/16/07 102.270 71,589.00 -5,691.00 ST

Security total 2,000.000 188,280.00 6,248 / 3.32 % 215,489.00 . -27,209.00

ISHARES MSCI EAFE INDEX FUND 4,000.000. 78.500 314,000.00 6,132 / 1.95 % 05/01/06 68.700 274,800.00. 39,200.00 LT

Symbol: EFA Exchange: NYSE

KBW BANK ETF 370.000 43.550 16,113.50 04/10/06 53.630 19,843.10 -3,729.60 LT

Symbol: KBE Exchange: AMEX 230.000 43.550 10,016.50 03L19LQ7- 56.318 12,953.26 -2,936.76 ST

400.000 43.550. 17,420.00 0816107 50.435 20,174.32 -2,754.32 ST

Security total 1,000.0000 43,550.00 2,061 / 4.73 % 52,970.68 • -9,420 68

KBW INSURANCE ETF 390.000- 52.760 20,576.40 541 / 2.63% 04/10/06 50.890 19,847.10 729.30 LT

Symbol: KIE Exchange: AMEX

RYDEX ETF TRUST S&P 500 EQUAL 4,000.000 • 47.180 188,720.00 3,136 / 1.66 % 04/18/06 44.165 176,660.00 • 12,060.00 LT

WEIGHTED INDEX FUND INC

Symbol: RSP Exchange: AMEX

VANGUARD SECTOR INDEX FD 2,375.0004 53.180 126,302.50 1,093 / .87% 04/10/06 54.786 130,118.00. -3,815.50 LT

VANGUARD CONSUMER DISCRE ETF

Symbol: VCR Exchange: AMEX

VANGUARD SECTOR INDEX FD 1,000.000 52.649 52,649.00 1,656 / 3.15 % 11/08/07 53.600 53,600.00- -951.00 ST

VANGUARD FINANCIALS ETF

Symbol: VFH Exchange: AMEX

e 5n adtiCPage aQ I 4 q December 07/ TM 46938 35

p gnue oon

Bailey Family Foundation UBS Strategic Advisor HFEIN #: 54-18507802007 Part II Balance Sheet

r4rr-(c) Fair Market ValueSchedule L - 1 Pg. 21 of461


Closed end mutual funds - continuedEst. annuallncome/ Trade Purchase Unrealized Holding

Description Total shares price Current value Current yield date price Cost basis caiMoss period

VANGUARD SECTOR INDEX FD 2,055.000 60.620 124,574.10 1,685 / 1.35 % 04/10/06 53.450 109,839.75 14,734.35 LT

VANGUARD HEALTH CARE ETF

Symbol: VHT Exchange: AMEX

VANGUARD SECTOR INDEX FD 150.000 87.940 13,191.00 04/10/06 66.580 9,987.00 3,204.00 LT

VANGUARD MATERIALS ETF 150.000 87.940 13,191.00 07/19/06 61.910 9,286.50 3,904.50 LT

Symbol: VAW Exchange: AMEX

Security total 300.000. 26,382.00 383 / 1.45% 19,273.50. 7,108.50

VANGUARD INDUSTRIALS ETF 1,370.000 73.090 100,133.30 04/10/06 63.070 86,405.90 13,727.40 LT

Symbol: VIS Exchange: AMEX 1,000.000 73.090 73,090.00 05/01/06 64.680 64,680.00 8,410.00 LT

Security total 2,370.000 173,223.30 2,325 / 1.34 % 151,085.90 22,137.40

Total 27,900.000 1,743,425.30 33,313 1,645,508.23 97,917.07

908L 21 ej 49

1BS Financial Services Inc.

-,.- P.O. BOX 3906

TAMPA, FL 33601-3906

December 2007

Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market ValueSchedule L - I Pg. 22 of 4

This graph provides values and/or percentages by asset class. Insurance products, 529 Plans, Private Investments, accrued Interest

and pending return of principal are not Included In the asset classification

4D

q CashQ Cash alternatives

Equities

Fixed Income

Balanced


Other

Total


$ 9,041.14 2.20%.00 0.00%

401,085.53 97.80%

.00 0.00%

.00 0.00%

.00 0.00%

.00 0.00%

$ 410,126.67 100.00%

This graph includes credits, debits and changes in market value. It does not Include Insurance products, 529 Plans,


Qn $ Thousands)

$500

$250

$0

Business Services Account


FRANKLIN

P0 BOX 803

N13WINGTON VA 22122-0803

Account InstructionsYour ACCESS account is managed by

FRANKLIN PORT. ASSOC. MID.



calls about the market, including Q&A Ask

your UBS Financial Advisor about these calls)

RESOURCELINE 1-800-BSA-0140: ACCOUNT # : 048054486


H

Member SIPC Page Z,2 of 14 0 December 07/ TM 54486 35

YE06 1007 2Q07 3Q07 Oct07 Nov07 Dec07


T J^ 2007 Part II Balance Sheet(c ) Fair Market ValueSchedule L - I Pg. 23 of4,01

FORM - to: a sW-ENCurrent period Year-to-date

Realized capital gains/losses $ 2,180.54 $ 13,008.95

Earnings are for the current calendar year. All prior year entries are summarized separately. This Information should not be usedfor tax purposes. Refer to the disclosure on the back of the first page.


UBS Money fund dividends $ 28.81 $ 361.44

Other dividends 506.24 5,154.31

Total current year security earnings $ 535.05 $ 5,515.75

Prior year(s) entries and adjustments .00 12.08

Net security earnings $ 535.05 $ 5,527.83

Business Services Account EDO


The following return objective and risk profile(s) describe overall goals forthis account. For each account held, you choose one return objective andone primary risk profile, and if applicable, a secondary risk profile. A fulldescription of the alternatives is Included on the back of the first page. Thereturn objective and risk profile listed should be consistent with those reflectedon your managed account documents. The risk profile is based on ouranalysis of several answers to your managed profile questionnaire. If theInformation below does not correctly reflect the Information you provided or If

you have any questions regarding these objectives, disagree with or wish tochange them, please notify your Financial Advisor or Branch Manager at yourbranch office, in writing or by telephone.

Return objective: Capital appreciation

Risk profile: Primary: Aggressive/Speculative


011,11* "IllsWhen available, prices, Income and current values may be approximate and thus gains/losses may not be accurately reflected. An asterisk (') Indicates the calculation of unrealized gains/losses based upon a UBS Financial Servicesadjustment to cost basis. The number '1' Indicates cost basis Information has been provided by a source other than UBS Financial Services. See the back of the first page for additional information. Gains4osses are not calculatedfor zero coupon Investments. 'Pending adjustment' or 'P/A' Indicates cost basis has not yet been allocated as a result of a spin-off or taxable exchange.



RMA MONEY MILT. PORTFOLIO 8,889.99 9,041.14 1.00 4.18% 11/26 -12/23 28

Common stock

Description Total shares Price Current valueEst. annual Income/ Trade

Current yield daterPurchase

price Cost basisUnrealizedgalMoss

Holding

period

• ADC TELECOMMUNICATIONS INC NEW 7,4.000": 15.550 1,150.70 10/05/07 20.171 1,492.67 -341.97 ST

Symbol: ADCT Exchange: OTC

ADVENT SOFTWARE INC 59.000 54.100 3,191.90 04/12/06 28.069 1,656.07 1,535.83 LT

Symbol: ADVS Exchange: OTC ;12.0007ij 54.100 649.20 / QO7e 34.127 409.53 239.67 ST

H

Continued on page 4 Page 23 1 1H December 07/ TM 54486 35

Bailey Family Foundation Business Services Account ®R

HFEIN #: 54-1850780 j,

2007 Part II Balance Sheet(c) Fair Market Value

Schedule L - 1 Pg. 24 of41Statement Period : December 2007


Descrlptton Total shares Price Current value Current yield date price Cost basis ga/ntloss period

Security total 71.000 3 , 841.10 2 , 065.60 1,775.50

AEROPOSTALE INC 3 : 2 $40ck SPIT t 249.000 26.500 6 , 598.50 10/26/06 19.763 4,921.00 1,677.50 LT

Symbol : ARO Exchange: NYSE

AGL RESOURCES INC 44 .000 37 .640 1,656 . 16 04/12/06 34.854 1 , 533.59 122.57 LT

Symbol : ATG Exchange : NYSE 34 . 000 37.640 1,279 . 76 04/24/06 35.113 1 , 193.85 85.91 LT

Security total

• AK STEEL HOLDING CORP

Symbol : AKS Exchange: NYSE

• ALBEMARLECORP 2 I S1oC14 SPLIT

Symbol : ALB Exchange. NYSE

Oc kd A &ll . QO 1o C13

Security total

ALLIANT ENERGY CORP

Symbol: LNT Exchange: NYSE

Security total

ALLIANT TECHSYSTEMS INC

Symbol : ATK Exchange: NYSE

• ALLIED WASTE INDS INC

COM PAR NEW $0.01

Symbol : AW Exchange: NYSE

Security total

AMER GREETINGS A

Symbol: AM Exchange: NYSE

Security total

26.000 37.640 978.64 05/11/06 35.706 928.38 50.26 LT

730.000? 37.640 1,129.20 08/24%07 39.534 1,186.02 -56.82 ST

134.000 5,043.76 220 / 4.36% 4,841.84 C-04) 201.92

50 46.240 2,728.16 10/05/07, 43.175 2,547.33 180.83 ST

.000 41.250 123.75 0 1 & 40.895 122.69 1.06 ST

107.000* 41.250 4,413.75 03/29107c 41.712 4,463.23 -49.48 ST

43.00 41.250 1,773.75 ^04/27/07i 42.250 1,816.75 -43.00 ST

153.000 6,311.25 64 / 1.01 % 6,402.67 -91.42

1"N.,000- 40.690 2,400.71 06/ 7^r 38.484 2,270.57 130.14 ST

21.000 40.690 854.49 06/29/07; 38.608 810.77 43.72 ST

80.000 3,255.20 102 / 3.13% 3,081.34 173.86

44.000 113.760 5,005.44 04/12/06 77.188 3,396.27 1,609.17 LT

278.000 11.020 3,063.56 10t/18/07'-: 12.644 3,515.06 -451.50 ST

428.000 11.020 4,716.56 `02/13/07 12.530 5,362.84 -646.28 ST

706.000 7,780.12 8,877.90 -1,097.78

,65:0Q0? 20.300 1,319.50 26.746 1,738.49 -418.99 ST

'62.000: 20.300 1,258.60 •,10/31)07 26.296 1,630.36 -371.76 ST

'38.000 ? 20.300 771.40 12/19/07 24.149 917.66 -146.26 ST

165.000 3,349.50 66 / 1.97% 4,286.51 -937.01

Continued on page 5 Page -L!} I{ q q December 07/ TM 54486 35

Bailey Family Foundation Business Services Account H

FEIN #: 54-18507802007 Part II Balance Sheet

(c) Fair Market Value Statement Period: December 2007

Schedule L - I Pg. 25 of


Description Total shares Price Current value Current yield date price Cost basis yalMoss period

AMERICAN EAGLE OUTFITTERS INC 175.000 20.770 3,634.75 70 / 1.93% 04/12/06 19.346 3,385.60 249.15 LT

NEW

Symbol: AEO Exchange: NYSE

AMERICREDIT CORP 203.000 12.790 2,596.37 04/12/06 30.230 6,136.69 -3,540.32 LTo

Symbol: ACF Exchange: NYSE 65.000 12.790 831.35 09/26/06 24.800 1,612.00 -780.65 LT

Security total 268.000 3,427.72 7,748.69 -4,320.97

AMERIGROUP CORP 96.000

`

36.450 3,499.20 12/13/06,.

1

35.830 3,439.76

17922

59.44

10 92

LT

STSymbol: AGP Exchange: NYSE ' 25.000 r 36.450 911.25 r 02/02/07 36.886 . - .

Security total 121.000 4,410.45 4,361.93 48.52

• APRIA HEALTHCARE GROUP INC 71.000\ 21.570 1,531.47 [06722/07' 29.094 2,065.71 -534.24 ST

Symbol: AHG Exchange: NYSE x,101.000' 21.570 2,178.57 08/03/07, 26.641 2,690.76 -512.19 ST

Security total 172.000 3,710.04 4,756.47 -1,046.43

• ASSOC BANC CORP WISC 128.000 27.090 3,467.52 159 / 4.59% 04/12/06 33.919 4,341.63 -874.11 LT

Symbol: ASBC Exchange: OTC

AVNETINC "101-000" ' 34.970 3,531.97 4/27/07 41.575 4,199.15 -667.18 ST

Symbol: AVT Exchange: NYSE

;

118.000 34.970 4,126.46 ('05/10/07 e 42.692 5,037.70 -911.24 ST

Security total

BELO CORP CL A

Symbol: BLC Exchange: NYSE

Security total

BERKLEY W R CORP

Symbol: BER Exchange: NYSE

Security total

, 67.000- 34.970 2,342.99 05/ /b7 40.896 2,740.07 -397.08 ST

35.000 34.970 1,223.95 08/03/07J 37.249 1,303.73 -79.78 ST

321.000 11,225.37 13,280.65 -2,055.28

176.000 17.440 3,069.44 04/12/06 19.510 3,433.76 -364.32 LT

X42;000' 17.440 732.48 x01718107 18.305 768.82 -36.34 ST

163.000 17.440 1,098.72 i05/29J07,'% 21.617 1,361.90 -263.18 ST

164.000 17.440 2,860.16 08//24/074 17.866 2,930.07 -69.91 ST

445.000 7,760.80 223 / 2.87% 8,494.55 -733.75

109.000 29.810 3,249.29 04/12/06 39.580 4,314.22 -1,064.93 LT

32.000 29.810 953.92 04/24/06 40.324 1,290.39 -336.47 LT

66.000 29.810 1,967.46 05/25/06 34.319 2,265.08 -297.62 LT

207.000 6,170.67 41 / .66% 7,869.69 -1,699.02

Continued on page 6 Page Z5 I (A December 07/ TM 54486 35

Bailey Family Foundation Business Services Account H

FEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period: December 2007

Schedule L - 1 Pg. 26 ofIfCommon stock - continued

Est. annual income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price cost basis galnfoss period

BRINKER INTL INC 97 .000 19 . 560 1 ,897.32 07/10/06 23 .670 2,296.00 -398.68 LT

Symbol : EAT Exchange : NYSE 55.000 19.560 1,075.80 07/24/06 22.497 1 , 237.36 -161.56 LT

10.000 19 . 560 195.60 07/31/06 22.600 226.00 -30.40 LT

26.000 19.560 508.56 08/22/06 24.335 632.73 -124.17 LT

,31.0 19.560 606 .36 02/077x, 32 .085 994.65 -388.29 ST

,58.000,- 19.560 1,134 . 48 100,11071 32.984 1,913 .07 -778.59 ST

Security total 277.000. 5,418.12 122 / 2.25% 7 , 299.81 • -1,881.69

BROADRIDGE FINANCIAL SOLUTIONS 62.000?, 22.430 1,390.66 15 / 1.08% 1211P/Q7 ; 22.724 1,408.91- -18.25 ST

INC

Symbol : BR Exchange: NYSE

CF INDUSTRIES HOLDINGS INC ',2-4:000, , 110.060 2,641 .44 M/t6/07n 85.196 2,044.72 596.72 ST

Symbol: CF Exchange : NYSE 7000' 110.060 770.42 12/04/07/ 95 .466 668.27 102.15 ST

Security total 31.000. 3,411.86 2 / .06% 2,712.99 • 698.87

COMMSCOPE INC :78:000- 49 . 210 3,838 .38 (,03/1 9767!1 43.051 3 ,357.99 480.39 ST

Symbol : CTV Exchange : NYSE t5 '606L 49.210 2,657.34 ^ 03/29/07; 42.815 2,312.02 345.32 ST

53:000 49 . 210 2,608 . 13 '04/11 '/07, 43 .653 2 ,313.65 294.48 ST

Security total 185.000 • 9,103.85 7 ,983.66 1 , 120.19

CON-WAY INC " 52.000- 41.540 2,160.08 fJ 07 47.274 2,458.29 -298.21 ST

Symbol : CNW Exchange: NYSE '-68.000 41.540 2,824.72 19/07: 48 .969 3,329.95 -505.23 ST

Security total 120.000 - 4,984.80 48 / .96 % 5,788 . 24 . -803.44

DENTSPLY INTL INC 101 .000 45.020 4 ,547.02 {07/04/07.7 30.061 3 ,036.17 1,510.85 ST

Symbol : XRAY Exchange : OTC 112 . 000.1:' 45.020 5,042 . 24 ',01/18/07 31.659 3,545.81 1,496.43 ST

Security total 213.000, 9,589.26 38 / .40% 6,581 . 98 3,007.28

DOLLAR TREE STORES INC `-52.0007, 25.920 1 ,347.84 j^,°1016/OT/ 26.698 1,388.31 -40.47 ST

Symbol : DLTR Exchange: OTC

DUN & BRADSTREET CORP NEW 39.000 88 . 630 3,456.57 08/11/06 67.736 2,641.72 814.85 LT

Symbol : DNB Exchange : NYSE 40 000 88 . 630 3,545.20 08/22/06 69.992 2,799.70 745.50 LT

23:000_ 88.630 2,038 . 49 +06^'/06/07, ,7, 101.953 2 , 344.92 -306.43 ST

2$ 000 88.630 2,481.64 d6/22/07 101.111 2 , 831.13 -349.49 ST

Continued on page 7 Page 1 l} q December 07/ TM 54486 35

Bailey Family Foundation Business Services AccountFEIN #: 54-1850780

R, 2007 Part II Balance Sheet(c) Fair Market Value Statement Period: December 2007

Schedule L - 1 Pg. 27 of 49Common stock - continued

Est. annual income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis gain/loss period

Security total 130 .000. 11,521 . 90 156 / 1.35% 10,617.47 904.43

EDWARDS LIFESCIENCES CORPr--- -

31.000 45.990 1,425 .69 (09/^19%071l 48.719 1,510.31 -84.62 ST

Symbol : EW Exchange: NYSE

FIRSTMERIT CORPORATION 76.0000 20.010 1,520. 76 88 / 5.79 % 09/50 19.261 1 , 463.89 56.87 ST

Symbol : FMER Exchange: OTC

FMC TECHNOLOGIES INC 70.000 56.700 3 ,969.00 -71'2/19/07 54.679 3,827.54 141.46 ST

Symbol : FTI Exchange: NYSE

GAMESTOP CORP NEW (HOLDING CO) 120.000. 62.110 7,453 . 20 f027/07 ' 26 . 114 3,133.73 4,319.47 ST

CL A - 4.W' 62.110 248 . 44 028/07? 25. 857 103 . 43 145.01 ST

Symbol : GME Exchange: NYSE

Security total 124.000 7,701 .64 3,237.16 4,464.48

GARDNER DENVER INC 13.000 33.000 429.00 510/07 39 .660 515.58 -86.58 ST

Symbol : GDI Exchange : NYSE x26.000 33.000 858 . 00 S08/03/071 41.768 1 ,085.97 -227.97 ST

Security total 39.000 1,287.00 1,601.55 -314.55

GATX CORP 8-6.00 t 36 .680 3 , 117.80 82 / 2.63 % 1'6/07 ? 37.260 3,167.13 -49.33 ST

Symbol : GMT Exchange: NYSE

HARRIS CORP DELA 3.000 62 . 680 188.04 10/26/06 43.498 130.50 57.54 LT

Symbol : HRS Exchange: NYSE 108 . 000 62 . 680 6,769.44 11/08/06 41.843 4 ,519.11 2,250.33 LT

113106` 62.680 940.20 tw7 50.440 756.61

Security total 126.000 7 , 897.68 76 / .96% 5,406.22

HCC INSURANCE HLDGS INC 39 .000 28 .680 1,118.52 06/08/06 30.225 1 , 178.81

Symbol : HCC Exchange : NYSE 44 . 000 28 . 680 1 , 261.92 07/10/06 29.931 1,316.98

23.000 28.680 659 .64 10/26/06 34 .739 799.02

55.000 28.680 1,577.40 11/08/06 33 .026 1 , 816.46

6!i 006'' 28.680 1,892 .88 02/^0V7 31.585 2,084.66

41.000 28.680 1,175.88 10/17/07' 30 .075 1,233.10

Security total 268 000 7,686.24 118 / 1.54% 8,429.03

183.59 ST

2,491.46

-60.29 LT

-55.06 LT

-139.38 LT

-239.06 LT

-191.78 ST

-57.22 ST

-742.79

H

Continued on page 8 Page 2i 141 December 07/ TM 54486 35

Bailey Family Foundation Business Services AccountFEIN #: 54-18507802007 Part 11 Balance Sheet

(c) Fair Market Value Statement Period : December 2007

Schedule L - I Pg. 28 of 4q

Common stock - continuedEst. annual income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis gain/toss period

HENRY JACK & ASSOC INC 153.000 24.340 3,724.02 04/12106 23.010 3,520.53 203.49 LT

Symbol: JKHY Exchange: OTC -Y2 +' 24.340 535.48 0 27/0 23.611 519.46 16.02 ST

Security total 175.000 4,259.50 46 / 1.08% 4,039.99 219.51

HERMAN MILLER INC 109.000 32.390 3,530.51 38 / 1.08% 04/12/06 30.960 3,374.64 155.87 LT

Symbol: MLHR Exchange: OTC

HNI CORP 36.0w, 35.060 1,262.16 "0=9107;" 40.954 1,474.35 -212.19 ST

Symbol: HNI Exchange: NYSE 30.000 35.060 1,051.80 07/18/07 41.596 1,247.89 -196.09 ST

3000 35 060 1,227.10 1003 7 41.778 1,462.24 -235.14 ST

28.000 35.060 981.68 .16/9-576r, 36.985 1,035.59 -53.91 ST

Security total 129.000 4,522.74 101 / 2.23% 5,220.07 -697.33

HOLLY CORP NEW 25:000 50.890 1,272.25 r3191b7' 58.099 1,452.48 -180.23 ST

Symbol: HOC Exchange: NYSE 13.000 50.890 661.57 ' 09/05107f

67.430 876.60 -215.03 ST

13.000 • 50.890 661.57..09/19/07 65.611 852.94 -191.37 ST

12.000 50.890 610.68 110/05/07 63.189 758.27 -147.59 ST

Security total 63.000 3,206.07 30 / .94 % 3,940.29 -734.22

HOSPITALITY PROPERTIES TRUST 49.000 32.220 1,578.78 04/12/06 42.042 2,060.06 -481.28 LT

Symbol: HPT Exchange: NYSE 31.000 32.220 998.82 09/26/06 47.435 1,470.50 -471.68 LT

47:000' 32.220 1,514.34 j05/10/07 45.117 2,120.52 -606.18 ST

'31.00T 32.220 998.82 05/2 /U 44.003 1,364.09 -365.27 ST

;57.0OD; 32.220 1,836.54 x06/06/07 44.001 2,508.08 -671.54 ST

54.000 32.220 1,739.88 06/22/07•' 41.746 2,254.31 -514.43 ST

28.000 32.220 902.16 06/29/07 41.629 1,165.64 -263.48 ST

Security total 297.000 9,569.34 915 / 9.56% 12,943.20 3,373.86

INTUITIVE SURGICAL INC NEW 9.0 323.000 2,907.00 ,10131/07,. 324.403 2,919.63 -12.63 ST

Symbol: ISRG Exchange: OTC 8.000. 323.000 2,584.00 1/16%07, 283.041 2,264.33 319.67 ST

14.000 323.000 4,522.00 12/04/07 326.462 4,570.48 -48.48 ST

4.000 323.000 1,292.00 •12/19/07 312.961 1,251.85 40.15 ST

Security total 35.000 11,305.00 11,006.29 298.71

INVITROGEN CORP 19.0'00 93.410 1,774.79 _09/0507•' 79.681 1,513.94 260.85 ST

Symbol: IVGN Exchange: OTC 1,2.000 93.410 1,12092 09/19/07 82.400 988.80 132.12 ST

Continued on page 9 Page 2 4 qq December 07/ TM 54486 35

Bailey Family Foundation Business Services Account H54-1850780FEIN # :



Schedule L -1 Pg. 29 of 40ICommon stock • continued

Est. annual income/ Trade Purchase Unrealized HoldingDescription Total shares Price Current value Current yield date price Cost basis gaingoss period

,30. 110 93.410 2,802.30 10/5007 83 .917 2 ,517.53 284.77 ST

:25.000 • 93.410 2 , 335.25 10/31/07 89.834 2,245.86 89.39 ST

132.000 93.410 2,989.12 04/07 95 .953 3 , 070.52 -81.40 ST

Security total 118.000 11,022 . 38 10,336.65 685.73

JACOBS ENGINEERING GROUP INC 37 .000 95 .610 3,537 . 57 12/13/06 41.742 1 ,544.48 1,993.09 LT

Symbol: JEC Exchange: NYSE

JEFFERIES GROUP INC NEW 132.000 23.050 3,042.60 06/08/06 27.147 3,583.44 -540.84 LT

Symbol : JEF Exchange : NYSE 44.600 23.050 1,014.20 ,01/04/07, 27.349 1,203.38 -189.18 ST

Security total 176.000 4,056.80 88 / 2.17% 4,786 .82 -730.02

JONES LANG LASALLE INC .2'8,000 71.160 1,992.48 28 / 1.41 % 1%6/07, 80 . 493 2 , 253.82 -261.34 ST

Symbol : JLL Exchange: NYSE

LAM RESEARCH CORP 130.000 43 .230 5 ,619.90 04/12/06 44 .559 5,792.74 -172.84 LT

Symbol : LRCX Exchange : OTC i 17.000 43 .230 734.91 fOMT2-4/0-7-^ 53.937 916.94 -182.03 ST

Security total 147.000 6,354 . 81 6,709 .68 -354.87

LINCARE HLDGS INC 22. 000 35.160 773. 52 08/22/06 35.909 790.00 -16.48 LT

Symbol : LNCR Exchange : OTC 37.000 35.160 1 ,300.92 10/11/06 34 . 137 1,263.08 37.84 LT

22.000- 35.160 773.52 004127/07; 39.409 867.01 -93.49 ST

22.000 ' 35.160 773.52 05/10/07 38.335 84339 -69.87 ST

102.000 35.160 3,586.32r07/18/07 40 . 284 4,109.00 -522.68 ST

'67.000 35.160 2 , 355.72 ^08/03707 ' 36.274 2,430.39 -74.67 ST

Security total 272.000 9 ,563.52 10,302.87 -739.35

MACK-CALI REALTY CORP ` 44.000 34.000 1,496.00 113 / 7.55 % ,12704/07""^ 34.389 1 ,513.14 -17.14 ST

Symbol: CLI Exchange : NYSE

MANPOWER INC WIS 22.000 56.900 1,251.80 05/11/06 68.652 1 , 510.35 -258.55 LT

Symbol : MAN Exchange : NYSE 26 . 000 56 . 900 1,479 . 40 05/25/06 65 .928 1 ,714.13 -234.73 LT

18.000 56 . 900 1 , 024.20 06/08/06 62 . 117 1 , 118.11 -93.91 LT12.000 56.900 682 . 80 07/10/06 63.620 763.44 -80.64 LT22.000 56.900 1,251.80 07/24/06 59 . 485 1 , 308.68 -56.88 LT12.000 56 . 900 682.80 08/11/06 55 .960 671.52 11.28 LT

Continued on page 10 Page 2q 9- q 61 December 07/ TM 54486 35

Bailey Family Foundation Business Services AccountFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period : December 2007

Schedule L - 1 Pg. 30 ofA'

Common stock - continuedEst. annuallncome/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis galnposs period

'11.000 56.900 625.90 2/070 74 .050 814.56 -188.66 ST

Security total 123.000 6,998 .70 J 91 / 1 .30% 7,900.79 -902.09

MENTOR GRAPHICS CORP 79.000 10.780 851.62 12/13/06 17.885 1,412.94 -561.32 LT

Symbol : MENT Exchange : OTC ,53.00 10.780 571.34 01/04/07L- 18.508 980.92 -409.58 ST

167.000 10.780 722.26 8/07 '01 /1 ' 18.559 1,243.50 -521.24 ST

Security total 199.000 2,145.22. 3,637.36 - 1,492.14

MPS GROUP INC 166 .000 10 . 940 1,816.04 04/12/06 15 . 910 2 ,641.06 -825.02 LT

Symbol: MPS Exchange: NYSE 68.000 10.940 74392 09/07/06 13.919 946 . 52 -202.60 LT

Security total 234.000 2,559.96 3 ,587.58 -1,027.62

NBTY INC 21 .000 27 .400 575.40 12/13/06 38.067 799 . 42 -224.02 LT

Symbol : NTY Exchange : NYSE 57:6 27.400 1,561 .80 /07 41.825 2,384.06 -822.26 ST

20.000" 27.400 548.00 06/22/07.... 40.688 813 . 77 -265.77 ST

80.000 27 .400 2 , 192.00 ^06429407 . 43.043 3,443 . 46 -1,251.46 ST

56.000 27.400 1,534.40 07/02/07- • 43.137 2,415 . 69 -881.29 ST

Security total 234.000 6,411 .60 v 9 ,856.40 -3,444.80

NOBLE ENERGY INC 9.000' 79.520 715.68 1)5/ 0/07' 58.905 530.15 185.53 ST

Symbol : NBL Exchange : NYSE 1 '4.000 79 . 520 1 , 113.28 05/29/07 62.689 877.65 235.63 ST

-14.000 • 79.520 1,113 . 28 06/06/07 63.966 895.54 217.74 ST

25.000 79 . 520 1 ,988.00 06/22/07, 63 .837 1,595.93 392.07 ST

15.000 79 .520 1,192 . 80 06/29/07,; 62.387 935 .81 256.99 ST

..46.000 79.520 3,657.92 08/24/07' ' 60.898 2,801.33 856.59 ST

16.000 79.520 1 , 272.32 59%05%07 62.269 996.31 276.01 ST

Security total 139 .000 11,053.28,/ 67 / . 61 % 8,632.72 2,420.56

ODYSSEY RE HOLDINGS CORP 14.000 36 . 710 513.94 '02727107- 39.397 551.57 -37.63 ST,,

Symbol : ORH Exchange : NYSE 21.000 36.710 770.91 03/19/07 •" 38.762 814.01 -43.10 ST

26.000 36 .710 954 . 465f16M6/0* 43.162 1 , 122.22 -167.76 ST

Security total 61.000 2 , 239.31,/ 15 / .67 % 2,487. 80 -248.49

OGE ENERGY CORP 106.000 36.290 3,846.74 04/12/06 28 .625 3 ,034.28 812.46 LT

Symbol : OGE Exchange : NYSE 16.000 36.290 580.64 07/10/06 35.805 572.89 7.75 LT

20.000. 36.290 725.80 01%18 38.360 767.21 -41.41 ST

H

Continued on page 11 Page 30 Iq 4 c December 07/ TM 54486 35

Bailey Family Foundation Business Services AccountFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period : December 2007

Schedule L -1 Pg. 31 ofA

Common stock - continuedEst annual Income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price cost basis Aaln/loss period

Security total 142.000 5,153.18 1/ 197 / 3.82% 4,374 .38 778.80

ONEOK INC NEW 109 .000 44.770 4 , 879.93 04/12/06 32 . 190 3 ,508.71 1 ,371.22 LT

Symbol : OKE Exchange : NYSE 44 .000 44 . 770 1,969 . 88 05/25/06 31.594 1 ,390.17 579.71 LT

31.000 44.770 1 ,387.87 103/1907'' 45.624 1,414.36 -26.49 ST

Security total 184.000 8,237.68 265 / 3.22% 6,313.24 1,924.44

PACKAGING CORP OF AMERICA 78.000 28 . 200 2,199.60 09/26/06 23.046 1,797.64 401.96 LT

Symbol : PKG Exchange: NYSE 83 . 000 28.200 2,340.60 10/11/06 23 . 411 1,943 . 18 397.42 LT

41.000 1, 28.200 1,156.20 %04%07 22.526 923.57 232.63 ST

Security total 202.000 5,696.40 1/ 242 / 4 .25% 4,664.39 1,032.01

PENTAIR INC +43.000; 34.810 1 , 496.83 3 26 / 1.74% 107/7f 35.235 1,515.12 -18.29 ST

Symbol : PNR Exchange: NYSE

PEPSIAMERICAS INC NEW 85 . 000 33 . 320 2 ,832.20 04/12/06 24.138 2,051 .79 780.41 LT

Symbol : PAS Exchange: NYSE 47 . 000 33 . 320 1,566.04 Of/18707' 24.387 1,146.20 419.84 ST

Security total 132.000 4,398.24 3 69 / 1.57%^Ld It

3,197.99 1 , 200.25

SEI INVESTMENTS CO a: I S4vc.k 5^- 170.000 32 . 170 5 ,468.90 04/12/06 19 . 965 3,394.05 2 ,074.85 LT

Symbol : SEIC Exchange : OTC 78 . 000, 32 . 170 2 ,509.26 OS%OJ/077- 26 . 760 2 ,087.31 421.95 ST

36.000 32 . 170 965 . 10 09/05/07 . 25.598 767.96 197.14 ST

Security total 278.000 8,943.26,/ 39 / .44% 6,249 .32 2,693.94

SENSIENT TECHNOLOGIES CORP 92 .000 28 .280 2,601.76 66 / 2 .54% 04/12/06 17 . 850 1 , 642.20 959.56 LT

Symbol : SXT Exchange: NYSE

SIERRA PAC RESOURCES NEW 83.000 16.980 1,409 .34 105[10707:, 18.446 1,531.03 -121.69 ST

Symbol : SRP Exchange : NYSE 111.000 16 . 980 1,884 . 784...r gyn . ,

11,06/22/07 17.487 1,941.06 -56.28 ST

78.000 16 . 980 1 ,324.44 06%29/07 • 17.529 1,367.30 -42.86 ST

120.000 16 . 980 2,037.60 97/18/07 17 . 514 2,101.73 -64.13 ST

Security total 392.000 6,656.16./ 125 / 1.88% 6 , 941.12 -284.96

SOTHEBYS 133.000 38 . 100 5,067.30 04/12/06 28.520 3,793.16 1,274.14 LT

Symbol : BID Exchange : NYSE 22.000 38 . 100 838 . 20 08/11/06 29 . 218 642.80 195.40 LT

36.000 ' 38.100 1,371.60 `b5 1aR71 ' 50.646 1,823.28 -451.68 ST

36.000 38 . 100 1 ,371.60 '05/29/07, 45.854 1,650.75 -279.15 ST

Continued on page 12 Page51

of 4C' December 07/ TM 54486 35

H

Bailey Family Foundation Business Services Account ® HFEIN #: 54-18507802007 Part II Balance Sheet

(c) Fair Market Value Statement Period: December 2007

Schedule L - I Pg. 32 of 4

Common stock - continuedEst annual income/ Trade Purchase Unrealized Holding

Description Total shares price Current value Current yield date price Cost basis Cain/loss period

18.000 38.100 685.80 09/05707 41.993 755.88 -70.08 ST

Security total 245 .000 9 ,334.50 3 147 / 1.57 % 8,665.87 668.63

SPX CORPORATION 16.000 102.850 1 ,645.60-1/

16 / .97 % 09165'-/OP 89.986 1 ,439.79 205.81 ST

Symbol : SPW Exchange: NYSE

STANCORP FINANCIAL GROUP INC 62 . 000 50 . 380 3 , 123.56 45 / 1.44% 04/12/06 53 . 490 3,316.38 -192.82 LTv

Symbol : SFG Exchange: NYSE

STEEL DYNAMICS INC 6.000 59.570 357.42 07/31/06 28 . 180 169.08 188.34 LT

Symbol : STLD Exchange : OTC 54.000 59 . 570 3 , 216.78 10/11/06 27.600 1,490 .40 1,726.38 LT

37.00 59.570 2,204.09 c03/2970 42.344 1,566.74 637.35 ST

Security total 97.000 5,778.29 1/ 39 / .67% 3,226.22 2,552.07

STERIS CORP '"59:000;' 28.840 1 ,701.56 oafls/071 27.282 1,609.67 91.89 ST

Symbol : STE Exchange : NYSE ^ 29.000 28 . 840 836.36 -10/05/07-,, 29.283 849.21 -12.85 ST

Security total 88.000 2,537.92.) 21 / .83% 2,458.88 79.04

SUPERIOR ENERGY SERVICES INC 41.000 34 420 1,411 . 22 Z9-/l9/0% 37.363 1,531.92 -120.70 ST

Symbol : SPN Exchange : NYSE 27.000 34.420 929 . 34 110/31/07 - 36.313 980.47 -51.13 ST

Security total 68.000 2,340 .56,/ 2,512.39 -171.83

TECH DATA CORP W066 37.720 1 ,395.64,/ +12/04/07! 37.990 1,405.66 -10.02 ST

Symbol : TECD Exchange: OTC

TECHNE CORP MINN 24A00 66.050 1 ,585.20 r824107 62 . 155 1,491.72 93.48 ST

Symbol : TECH Exchange : OTC 11.000 66 .050 726 . 55 09/05/07 65 .085 715 .94 10.61 ST

Security total 35.000 2 , 311.75 ,) 2,207.66 104.09

TELEFLEX INC 20.000 -, 63.010 1,260.20 13/1'7/07 T 73.437 1,468.75 -208.55 ST

Symbol: TFX Exchange : NYSE 12.000 63 .010 756. 12 10%18/07 73 .604 883 .25 -127.13 ST

Security total 32.000 2,016.32 %( 41 / 2 .03% 2,352.00 -335.68

TELEPHONE & DATA SYS INC 41.600 62 . 600 2 ,566.60 3 16 / .62% .711/` 63 .405 2,599.61 -33.01 ST

Symbol : TDS Exchange: AMEX

TERRA IND INC t42.000 ,, 47.760 6,781 . 92 '10/31/07,

,'

36.436 5 , 174.00 1 , 607.92 ST

Symbol : TRA Exchange: NYSE 69.000 47.760 3 ,295.44 i2/04,/0 38.988 2 , 690.21 605.23 ST

Continued on page 13 Page 3291

December 07/ TM 54486 35

Bailey Family Foundation Business Services Account ® HFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period: December 2007

Schedule L -1 Pg. 33 of 4qCommon stock - continued

Est. annual Income/ Trade Purchase Unrealized Holding

Description Total shares Price current value Current yield date price Cost basis ga/Nloss period

32.000 ' 47.760 1,528.32 12/19/07 39.093 1,250.99 277.33 ST

Security total 243.000 11,605.68,/ 9,115.20 2,490.48

THOMAS & BETTS CORP TENN 81.000 49.040 3,972.24 04/12/06 50.800 4,114.80 -142.56 LT

Symbol: TNB Exchange: NYSE 16.000 49.040 784.64 05/25/06 56.143 898.30 -113.66 LT

31.00-6' 49.040 1,520.24 62%02/07 49.280 1,527.68 -7.44 ST

28.00' 49040 1,373.12 f08/24/07r 55.862 1,564.14 -191.02 ST

17.006 49.040 833.68 6%05/0'% ' 60.073 1,021.25 -187.57 ST

33.000 49.040 1,618.32 10/'(7/07' 58.276 1,923.13 -304.81 ST

Security total 206.000 10,102.24,/ 11,049.30 -947.06

TIDEWATER INC 66.000 54.860 3,620.76 40 / 1.10% 11/29/06 54.235 3,579.54 41.22 LT

Symbol: TDW Exchange: NYSE

TIMKEN CO 9.000 32.850 295.65 04/12/06 31.805 286.25 9.40 LT

Symbol: TKR Exchange: NYSE 60.000 32.850 1,971.00 08/11/06 32.457 1,947.46 23.54 LT

Security total 69.000 2,266.65,/ 47 / 2.07% 2,233.71 32.94

VALSPAR CORP 89.000 22.540 2,006.06 04/12/06 27.880 2,481.32 -475.26 LT

Symbol: VAL Exchange: NYSE 56.000 22.540 1,262.24 05/25/06 27.342 1,531.18 -268.94 LT

Security total 145.000 3,268.30.i 81 if 2.48% 4,012.50 -744.20

WARNACO GROUP INC NEW 44.000 34.800 1,531.20 ;15J/0^707 33.160 1,459.07 72.13 ST

Symbol: WRNC Exchange: OTC 24:000 34.800 835.20 1109/107' 40.229 965.51 -130.31 ST

38.000 34.800 1,322.40 10/05/07r ' 41.645 1,582.52 -260.12 ST

Security total 106.000 3,688.801 4,007.10 -318.30

WSTN DIGITAL CORP 324.000 30.210 9,788.04 04/12/06 19.850 6,431.40 3,356.64 LT

Symbol: WDC Exchange: NYSE '86:000 30.210 2,598.06 -03/1910,7 17.762 1,527.57 1,070.49 ST

'61.000 30.210 1,842.81 17.133 1,045.13 797.68 ST

Security total 471.000 14,228.91 .r 9,004.10 5,224.81

Total 11,573.000 401,085.53,/ 4,744 390,734.80,/ 10,350.73

Page 3 3 0 (] 01 December 07/ TM 54486 35

O

1BS Financial Services Inc.

P.O. BOX 3906

TAMPA, FL 33601.3906

December 2007


FEIN #: 54-1850780

2007 Part II Balance Sheet(c) Fair Market ValueSchedule L - 1 Pg. 34 ofQ

Business Services Account F'--'No

Account Number: TM 54488 35

Account Type: ACCESS

it'll HIRE. 11; 110

This graph provides values and/or percentages by asset class. Insurance products, 529 Plans, Prtvate Investments, accrued Interestand pending return of prlnGpal are not Included In the asset classification

0 Cash® Cash akematfves

Equities

Fixed Income

A Balanced


A Other

Total

rots/ asset value % of total

$ 50,327 . 44 8.76%.00 0.00%

Al ,9al.lg 91.24%

.00 0.00%

.00 0.00%

.00 0.00%

.00 0.00%

$ b72 , 2uq. 1-^ 100.00%

11 01 MENThis graph Includes credits, debits and changes In market value. It does not Include Insurance products, 529 Plans,Prtvate Investments, accrued Interest and pending return o1prfnclpal.

pn $ Thousands)

$700

$350

$0


NPS

PO BOX 803

NE`WINGTON VA 22122-0803

Account InstructionsYour ACCESS account is managed by

NFJ LARGE CAP VALUE.



calls about the market , Including QBA. Ask

Your UBS Financial Advisor about these calls)

RESOIJRCELINE 1.800-BSA-0140 : ACCOUNT #: 048054488


Member SIPC Page 3t 1 49 December 07/ TM 54488 35

H

YE06 1Q07 2007 3Q07 Oct07 Nov07 Dec07

n Bailey Family Foundation Business Services Account P' A6^J FEIN #: 54-1850780

2007 Part II Balance Sheet(c) Fair Market Value Statement Period: December 2007Schedule L - 1 Pg. 35 of 4'

When ava! able, prices, Income and current values may be approximate and thus gains/losses may not be accurately reflected. An asterisk (') Indicates the calculation of unrealized gains/osses based upon a UBS Financial Servicesadjustment to cost basis. The number '1' Indicates cost basis Information has been provided by a source other than UBS Financial Services. See the back of the first page for additional Information. Gainsgosses are not calculatedfor zero coupon Investments. 'Pending adjustment' or 'P/A' indicates cost basis has not yet been allocated as a result of a spin-off or taxable exchange



Cash .00 -67.62

RMA MONEY MKT. PORTFOLIO 43,434. 86 50,395.06 1 . 00 4.18% 11/26 - 12/23 28

Total 43,434.86 50,327.44

7ii

Common stock

Description Total shares PriceEst annual Income!

Current value Current yieldTradedate


UnrealizedCalrOoss

Holdingperiod

ALCOA INC 85.000 36.550 3 , 106.75 09/14/07 35.428 3,011.40 95.35 ST

Symbol: AA Exchange: NYSE 70.000 36.550 2,558.50 09/20/07 37.323 2,612.63 -54.13 ST

80.000 36.550 2,924.00 09/24/07 37.000 2,960.07 -36.07 ST

65.000 36.550 2,375.75 09/28/07 39.070 2,539.60 -163.85 ST

10.000 36 . 550 365.50 10/15/07 37.897 378.98 -13.48 ST

Security total 310.000 11,330.50 211 / 1.86% 11,502.68 -172.18

ALLSTATE CORP 175.000 52 230 9,140.25 266 / 2.91% 04/24/06 55.850 9,773.75 -633.50 LT

Symbol: ALL Exchange: NYSE

ALTRIA GROUP INC 140. 000 75.580 10 , 581.20 04/24/06 54.203 7,588.43 2,992.77 LT

Symbol: MO Exchange : NYSE 25.000 75.580 1, 889.50 04/25/07 70.358 1 ,758.96 130.54 ST

Security total 165 000 12,470.70 495 / 3.97% 9,347. 39 3,123.31

H

Continued on page 5 Page W, 4q December 07/ TM 54488 35

Bailey Family Foundation Business Services Account r'-X®FEIN #: 54-18507802007 Part II Balance Sheet

(c ) Fair Market ValueSchedule L -1 Pg. 36 of

statement Period : December 2007

Common stock - continuedEst. annuallncomel Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis gaiMoss period

AMEREN CORP 50.000 54.210 2 , 710.50 08/29/07 50 . 200 2,510.01 200.49 STSymbol : AEE Exchange : NYSE 10.000 54.210 542.10 08/30/07 50.600 506.00 36.10 ST

50.000 54.210 2,710.50 09/13/07 51.599 2 , 579.98 130.52 ST

40.000 54.210 2 , 168.40 09/28/07 ' 52.722 2,108.89 59.51 ST15.000 54.210 813 . 15 10/01/07 53 .094 796.42 16.73 ST

20 000 54 .210 1 ,084.20 10/17/07 53 .855 1,077.12 7.08 ST

35.000 54.210 1,897 .35 10/18/07 53.948 1,888.19 9.16 ST

Security total 220 . 000 11,926.20 559 / 4 .69% 11,466.61 459.59

ANADARKO PETROLEUM CORP 170.000 65.690 11,167 .30 61 / .55 % 04/24/06 55.865 9,497.05 1,670.25 LT

Symbol : APC Exchange: NYSE

ANHEUSER BUSCH COS INC

Symbol : BUD Exchange: NYSE

AT&T INC

Symbol : T Exchange: NYSE

BANK OF AMER CORP

Symbol: BAC Exchange: NYSE

BLACK & DECKER CORP

Symbol : BDK Exchange: NYSE

230.000

385.000

210.000

30.000

35.000

35.000

25.000

125.000

40.000

35.000

40.000

35.000

150.000

95.000

80.000

95.000

60.000

52.340 12,038.20 304 / 2.53 % 04/24/06 43.035

41.560 16,000.60 616 / 3.85% 04/24/06 25.470

9,898.07 2,140.13 LT

LT

LT

Security total

CATERPILLAR INC

Symbol: CAT Exchange: NYSE

Security total

CBS CORP NEW CL B

Symbol: CBS Exchange: NYSE

9,805.95 6,194.65

41.260 8 , 664.60 538 / 6.21 % 04/24/06 47.130 9,897.30 -1,232.70

69.650 2,089 .50 07/12/07 94.995 2,849 .87 -760.37

69.650 2,437.75 07/31/07 86.746 3,036.13 -598.38

69.650 2,437.75 08/03/07 88.757 3,106.50 -668.75

69.650 1,741.25 08/14/07 88.013 2,200.34 -459.09

8,706 . 25 210 / 2.41 % 11,192 .84 -2,486.59

72.560 2,902.40 11/28/07 70.752 2,830.10 72.30

72.560 2,539 .60 12/03/07 72.396 2,533.88 5.72

72.560 2,902 .40 12/06/07 72.955 2 ,918.21 -15.81

72.560 2,539.60 12/11/07 74.646 2 ,612.61 -73.01

10,884.00 216 / 1.98% 10 , 894.80 -10.80

27.250 2,588.75 06/01/06 26 . 526 2 , 520.00 68.75

27.250 2 , 180.00 06/08/06 26.801 2,144.14 35.86

27.250 2 , 588.75 06/27/06 26.432 2,511.07 77.68

27.250 1, 635.00 06/29/06 26.951 1,617.07 17.93

ST

ST

ST

ST

ST

ST

ST

ST

LT

LT

LT

LT

Continued on page 6 Page 36 4 qvi December 07/ TM 54488 35

0

Bailey Family Foundation Business Services Account F''1® HFEIN #: 54-1 8507802007 Part II Balance Sheet(c) Fair Market Value

Statement Period: December 2007Schedule L - 1 Pg. 37 of j1

Common stock - continuedEst annuallncomel Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis galntloss period

25.000 27.250 681.25 06/30/06 27 . 199 679.99 1.26 LTSecurity total 355.000 9 ,673.75 355 / 3.67% 9,472.27 201.48

CHEVRON CORP 160.000 93 . 330 14 ,932.80 371 / 2.48% 04/24/06 61.240 9 , 798.40 5,134.40 LTSymbol: CVX Exchange: NYSE

COCA COLA CO COM 235.000 61.370 14,421.95 320 / 2.22% 04/24/06 41.580 9 , 771.30 4,650.65 LTSymbol : KO Exchange: NYSE

CONOCOPHILLIPS 135.000 88.300 11,920.50 221 / 1.85% 04/24/06 70 .280 9 , 487.80 2,432.70 LTSymbol : COP Exchange: NYSE

DIAMOND OFFSHORE DRILLING INC 20 .000 142.000 2,840 . 00 10 / .35% 12/20/07 131 .881 2 , 637.63 202.37 STSymbol : DO Exchange: NYSE

DONNELLEY (R.R.) & SONS CO 150 . 000 37.740 5 , 661.00 04/24/06 32.870 4,930.50 730.50 LT

Symbol : RRD Exchange : NYSE 35.000 37.740 1,320.90 04/27/06 33 .074 1,157.60 163.30 LT

40.000 37 .740 1,509 .60 05/05/06 33.663 1,346.55 163.05 LT

10.000 37 .740 377 . 40 05/16/06 33.309 333 . 09 44.31 LT

15.000 37 .740 566.10 05/17/06 33.228 498 . 42 67.68 LT

25.000 37.740 943.50 06/07/06 31.346 783 . 67 159.83 LT

25.000 37.740 943 . 50 06/09/06 30.818 770.46 173.04 LT

Security total 300 .000 11,322.00 312 / 2 .76% 9,820 . 29 1,501.71

DOW CHEMICAL 235.000 39.420 9 ,263.70 04/24/06 41.160 9,672.60 -408.90 LT

Symbol : DOW Exchange : NYSE 95.000 39 420 3,744.90 02/05/07 41 767 3,967.92 -223.02 ST

65.000 39.420 2 ,562.30 02/14/07 43 . 012 2,795 . 81 -233.51 ST

60.000 39.420 2,365.20 03/08/07 42.713 2,562.80 - 197.60 ST

40.000 39.420 1,576.80 03/23/07 45.371 1 ,814.85 -238.05 ST

Security total 495 .000 19 , 512.90 832 / 4.26% 20,813.98 - 1,301.08

DUKE REALTY CORP NEW REITS 270.000 26 . 080 7 ,041.60 518 / 7 .36% 04/24/06 35.735 9,648.67 -2,607.07 LT

Symbol : DRE Exchange: NYSE

GANNETT CO 50.000 39.000 1,950 . 00 05/14/07 58.133 2,906.69 -956.69 ST

Symbol : GCI Exchange : NYSE 40.000 39.000 1,560 . 00 05/24/07 58.149 2,325.96 -765.96 ST

10.000 39.000 390 . 00 05/25/07 58.318 583.18 -193.18 ST

Continued on page 7 Page 31 December 07/ TM 54488 35

Bailey Family Foundation Business Services Account ì®FEIN #: 54-18507802007 Part II Balance Sheet(c ) Fair Market Value Stat ement Period: December 2007Schedule L - 1 Pg. 38 of 41


Description Total shares price Current valueEst. annual income/

Current vleldTradedate


Unrealizedpalnposs

Holdingperiod

50.000 39.000 1,950.00 06/05/07 59.485 2,974.25 -1,024.25 ST55.000 39.000 2,145.00 06/13/07 57.694 3,173.22 -1,028.22 ST

Security total 205.000 7,995.00 328 / 4.10 % 11,963.30 -3,968.30

GLAXO SMITHKLINE PLC ADR 185.000 50.390 9,322.15 04/24/06 52.890 9,784.65 -462.50 LTSymbol: GSK Exchange: NYSE 100.000 50.390 5,039.00 05/30/07 51.061 5,106.18 -67.18 ST

60.000 50.390 3,023.40 06/06/07 50.975 3,058.55 -35.15 ST55.000 50.390 2,771.45 06/12/07 52.117 2,866.45 -95.00 ST55.000 50.390 2,771.45 06/18/07 52.511 2,888.12 -116.67 ST

Security total 455.000 22,927.45 937 / 4.09% 23,703.95 -776.50

HOME DEPOT INC 95:000' 26.940 2,559.30 11/05/07 29.586 2,810.73 -251.43 STSymbol: HD Exchange: NYSE 95.000 26.940 2,559.30 11/14/07 29.458 2,798.58 -239.28 ST

105.000 26.940 2,828.70 12/03/07 28.868 3,031.23 -202.53 ST130.000 26.940 3,502.20 12/18/07 26.038 3,385.04 117.16 ST

Security total 425.000 11,449.50 383 / 3.35% 12,025.58 -576.08

JPMORGAN CHASE & CO 230.000 43.650 10,039 50 350 / 3.49% 04/24/06 42 770 9,837.10 202.40 LTSymbol: JPM Exchange: NYSE

KEYCORP NEW

Symbol: KEY Exchange: NYSE

KIMBERLY CLARK CORP

Symbol: KMB Exchange: NYSE

KRAFT FOODS INC CL A

Symbol: KFT Exchange: NYSE

Security total

LINCOLN NATL CORP IND

Symbol: LNC Exchange: NYSE

285.000 23.450 6,683.25 428 / 6.40% 04/24/06 36.360 10 ,362.60 -3 ,679.35 LT

170.000 69.340 11,787.80 360 / 3.05 % 04/24/06 58.720 9,982.40 1,805.40 LT

96.000 32.630 3 , 132.48 04/24/06 24.517 2,353 .71 778.77 LT75.000 32 . 630 2 , 447.25 04/23/07 33 . 164 2,487.35 -40.10 ST85.000 32.630 2,773 .55 05/02/07 33 .517 2,849.02 -75.47 ST

105.000 32 . 630 3 ,426.15 05/10/07' 32.664 3,429.80 -3.65 ST

5.000 32.630 163.15 05/15/07' 32 . 580 162 .90 .25 ST

366.000 11 ,942.58 395 / 3 . 31 % 11,282.78 659.80

170.000 58.220 9,897.40 282 / 2.85% 04/24/06 56.890 9,671.30 226.10 LT

H

Continued on page 8 Page Y 119 December 07/ TM 54488 35

0

Bailey Family Foundation Business Services Account PV HFEIN #: 54- 18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period: December 2007

Schedule L - I Pg. 39 of4°lCommon stock - continued

Est annuallncomel Trade Purchase Unrealized HoldingDescription Total shares Price Current value Current yield date price Cost basis Aaln/loss period

MARATHON OIL CORP 'j-.1 S1 o(41 PUT 230.000 60.860 13,997.80 221 / 1.58% 04/24/06 42 . 165 9,697.95 4,299.85 LT

Symbol : MRO Exchange: NYSE

MATTEL INC 555.000 19 . 040 10,567.20 416 / 3.94% 04/24/06 16 .930 9,396.15 1,171.05 LT

Symbol : MAT Exchange: NYSE

MERRILL LYNCH & CO 35.000 53 . 680 1,878.80 06/21 /07 86.423 3,024.82 -1,146.02 ST

Symbol: MER Exchange: NYSE 35.000 53.680 1 , 878.80 06/25/07 83.964 2,938.76 - 1,059.96 ST

30.000 53.680 1 ,610.40 06/28/07 86 . 234 2,587.03 -976.63 ST

40.000 53.680 2,147 . 20 07/05/07 84.224 3,368.99 -1 , 221.79 ST

Security total 140.000 7,515. 20 196 / 2.61 % 11 , 919.60 -4,404.40

NORFOLK STHN CORP 60 . 000 50 .440 3,026.40 03/07/07 47.929 2,875.76 150.64 ST

Symbol : NSC Exchange : NYSE 50.000 50 . 440 2 , 522.00 03/14/07 46 . 295 2,314.80 207.20 ST

60.000 50.440 3 ,026.40 03/22107 49.436 2,966.16 60.24 ST

55.000 50.440 2,774.20 03/30/07 50.755 2,791 .54 -17.34 ST

Security total 225.000 11,349.00 234 / 2.06 % 10,948.26 400.74

OCCIDENTAL PETROLEUM CRP 180 . 000 76 .990 13,858.20 180 / 1.30% 04/24/06 52.730 9 , 491.40 4 ,366.80 LT

Symbol : OXY Exchange: NYSE

PETROLEO BRASILEIRO SA 45 .000 115 .240 5 , 185.80 04/12/07- 51 . 989 2 ,339.51 2,846.29 ST

Symbol : PBR Exchange : NYSE 60.000 115.240 6,914.40 04/18/07 52 . 297 3,137.87 3 , 776.53 ST

Security total a . , S Io ck S p U t 105 .000 12 , 100.20 61 / .50% 5,477.38 6,622.82

PFIZER INC 485.000 22 . 730 11,024.05 04/24/06 24 . 790 12 ,023.15 -999.10 LT

Symbol : PFE Exchange . NYSE 100.000 22 . 730 2 ,273.00 04/27/06 25 . 152 2,515.21 -242.21 LT

90.000 22 . 730 2 ,045.70 05/01/06 25.308 2,277.79 -232.09 LT

105.000 22.730 2,386.65 05/03/06 25 . 436 2 ,670.87 - 284.22 LT

Security total 780.000 17 , 729.40 998 / 5.63% 19,487.02 -1,757.62

REGIONS FINANCIAL CORP 545 . 000 23 . 650 12 , 889.25 828 / 6 .42% 04/24/06 35.785 19,502.83 -6,613.58 LT

Symbol : RF Exchange: NYSE

REYNOLDS AMERN INC (HOLDING 180.000 65.960 11,872 .80 612 1 5.15% 04(24/06 54 870 9,876.60 1,996.20 LT

CO)Symbol : RAI Exchange: NYSE

Continued on page 9 Page ^p 4O1 December 07/ TM 54488 35

Bailey Family Foundation Business Services Account P'`\® H-FEIN #: 54-18507802007 Part II Balance Sheet(c ) Fair Market Value Statement Period : December 2007


Est. annual Income/ Trade Purchase Unrealized HoldingDescription Total shares Price Current value Current yield date price Cost basis oaln/loss period

ROYAL DUTCH SHELL PLC CL A 35 .000 84 .200 2,947.00 09/06/07 80.571 2,819.99 127.01 STSPON ADR 35.000 84.200 2 ,947.00 09/25/07 83 . 617 2,926.60 20.40 ST

Symbol : RDSA Exchange : NYSE 35.000 84.200 2 ,947.00 10/02/07 83.170 2 , 910.96 36.04 ST40.000 84 . 200 3 , 368.00 10/05/07 80.115 3 , 204.60 163.40 ST

Security total 145 . 000 12 ,209.00 322 / 2.64% 11 ,862.15 346.85

SEAGATE TECHNOLOGY 390.000 25 . 500 9 ,945.00 156 / 1.57% 04/24/06 24.880 9,703.20 241.80 LTSymbol : STX Exchange: NYSE

SEMPRA ENERGY 210.000 61 . 880 12 ,994.80 260 / 2.00% 04/24/06 46.170 9,695.70 3,299.10 LT

Symbol : SRE Exchange: NYSE

TOTAL S .A. FRANCE SPON ADR 35.000 82.600 2,891.00 12/13/07 83 . 121 2,909.24 -18.24 ST

Symbol : TOT Exchange : NYSE 35.000 82.600 2,891 .00 12/21/07 80.368 2,812.90 78.10 ST

Security total 70.000 5,782 .00 167 / 2.89% 5 , 722.14 59.86

TRANSOCEAN INC NEW SHS ORD 12.000 143 . 150 1,717 . 80 05/29/07 136 .410 1,636 .93 80.87 ST

Symbol : RIG Exchange : NYSE 6.000 143.150 858.90 05/30/07 101 .893 611.37 247.53 ST

Security total 18.000 2 ,576.70 2,248.30') 328.40

TRAVELERS COS INC/THE 230 .000 53 . 800 12,374 . 00 267 / 2.16% 04/24/06 43 .000 9 , 890.00 2 ,484.00 LT

Symbol : TRV Exchange: NYSE

VERIZON COMMUNICATIONS 300.000 43 . 690 13,107 . 00 516 / 3.94% 04/24/06 31 .091 9,327.57 3 ,779.43 LT

Symbol : VZ Exchange: NYSE

VF CORP 155.000 68 660 10 ,642.30 360 / 338% 04/24/06 63 000 9,765 . 00 877.30 LT

Symbol : VFC Exchange: NYSE

WACHOVIA CORP 50.000 38 . 030 1,901.50 10/18/06 55 . 164 2,758.22 -856.72 LT

Symbol : WB Exchange : NYSE 45 .000 38 .030 1,711.35 10/24/06 55 . 835 2,512.60 -801.25 LT

40.000 38.030 1,521.20 10/31 /06 55.781 2,231.26 -710.06 LT

10.000 38.030 380 .30 11/03/06 54.318 543 . 18 -162.88 LT

45.000 38.030 1,711 .35 11/13/06 55 . 600 2 , 502.00 -790.65 LT

Security total 190 000 7,225 . 70 486 / 673% 10 ,547.26 -3 ,321.56

IContinued on page 10 Page

q0I"

December 07/ TM 54488 35

Bailey Family Foundation Business Services Account V-V HFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period: December 2007

PP2C265863-X156

Schedule L - 1 Pg. 41 of 449°'4662. °°°°88


Description Total shares price Current valueEst. annual Income/



Unrealizedgalnfoss

Holdingperiod

WHIRLPOOL CORP 35.000 81 .630 2 ,857.05 12/06/07 84.416 2 ,954.58 -97.53 STSymbol : WHR Exchange : NYSE 30.000 81 .630 2 ,448.90 12/13/07 83 .229 2,496.88 -47.98 ST

40.000 81.630 3,265.20 12/19/07 80.784 3,231.36 33.84 STSecurity total 105 .000 8 ,571.15 181 I 2.11 % 8,682.82 -111.67

WINDSTREAM CORP 160 .000 13 .020 2 ,083.20 04/24/06 11 . 183 1 , 789.29 293.91 LTSymbol : WIN Exchange : NYSE 35.000 13 .020 455.70 08/04/06 13.050 456.77 -1.07 LT

195.000 13 .020 2,538.90 08/09/06 12.915 2,518 .54 20.36 LT145.000 13 .020 1,887.90 08/21/06 13 .046 1,891.70 -3.80 LT60.000 13 .020 781 . 20 08/25/06 12.977 778.67 2.53 LT180.000 13.020 2,343.60 08/31/06 13 . 142 2,365.67 -22.07 LT

Security total 775.000 10 ,090.50 775 / 7.68% 9,800.64 289.86

WYETH

Symbol : WYE Exchange: NYSE

Security total

Total

60.000 44.190

55.00GJ 44.190

70.000. 44.190

50.000 44.190

235.000

12,179.000

2,651.40

2,430.45

3,093.30

2,209.50

10,384.65

524,498.41,

( 25,1G.30),

h21,gQI -73

11/05/07 47.727 2,863.64

11/09/07 45 .251 2 ,488.84

11/14/07 47. 211 3,304.79

11/19/07 46.821 2,341.07

263 / 2.53% 10 ,998.34

17,377 497,59 -1

4g6.34• ea

-212.24 ST

-58.39 ST

-211.49 ST

-131.57 ST

-613.69

T6,8t 41 ej 4 1

•'}1BS Financial Services Inc.

`,_,-/P.O. BOX 3906

TAMPA, FL 33601-3906

December 2007

Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet


Schedule L - I Pg. 42 ofuq

-Business Services Account

oxThis graph provides values and/or percentages by asset class. Insurance products, 529 Plans, Private Investments, accrued Interestandpending return of principal are not Included in the asset classification

0 CashCash alternatives

Equities

Fixed Income

Balanced


Other

Total


$ 32,222 .36 5.82%.00 0.00%

Jq.(o2(-•C)8 94.18%

.00 0.00%

.00 0.00%

.00 0.00%

.00 0.00%

$ 591 848 44 100.00%

1 ;1 11 111111 ^ I I 111 1111;111 ^ 1111;; 1-1 11 111, Jill 11111This graph includes credits, debits and changes In market value. it does not include Insurance products, 529 Plans,Private investments, accrued Interest and pending return ofprindpal.

Qn $ Thousands)

$600

$300

$0


MARSICO

PO BOX 803


Account Instructions

Your ACCESS account Is managed by

MARSICO LARGE CAP GROWTH.


research analysts via interactive conference

calls about the market, Including Q&A. Ask

our (JI BS Financial Advisor about these calls)

RESOURCELINE 1-800-BSA-0140: ACCOUNT #: 048054489


H

Member SIPC Page q 2.. Of49 December 07/ TM 5448935

YE06 1007 2Q07 3Q07 Oct07 Nov07 Dec07

Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet


Schedule L -1 Pg. 43 of 49

Business Services Account B


Common stockEst. annual Income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis galMoss period

AIR PROD & CHEMICAL INC 33.000 98.630 3,254.79 06/12/07 78.845 2,601.91 652.88 ST

Symbol: APD Exchange: NYSE 9.000 98.630 887.67 12/10/07 102.701 924.31 -36.64 ST

12.000 98.630 1,183.56 12/12/07 102.538 1,230.46 -46.90 ST

Security total 54.000 5,326.02 82 / 1.54% 4,756.68 569.34

AMERICA MOVIL S.A.B. DE C.V. 120.000 61.390 7,366.80 04/24/06 35.450 4,254.00 3,112.80 LT

SER L SPON ADR 55.000 61.390 3,376.45 08/03/06 35.282 1,940.55 1,435.90 LT

Symbol: AMX Exchange: NYSE

Security total 175.000 10,743.25 64 / .60% 6,194.55 4,548.70

AMYLIN PHARMAECEUTICALS INC 94.000 37.000 3,478.00 04/24/06 46.900 4,408.60 -930.60 LT

Symbol: AMLN Exchange: OTC

APPLE INC 11.000 198.080 2,178.88 05/10/07 107.632 1,183.95 994.93 ST

Symbol: AAPL Exchange: OTC 46.000 198.080 9,111.68 05/11/07 108.887 5,008.82 4,102.86 ST

23.000 198.080 4,555.84 07/25/07 136.352 3,136.11 1,419.73 ST

37.000 198.080 7,328.96 07/26/07 144.213 5,335.90 1,993.06 ST

Security total 117.000 23,175.36 14,664.78 8,510.58

AT&T INC 33.000 41.560 1,371.48 03/21/07 38.581 1,273.19 98.29 ST

Symbol: T Exchange: NYSE 98.000 41.560 4,072.88 03/22/07 39.299 3,851.38 221.50 ST

124.000 41.560 5,153.44 07/02/07 41.855 5,190.08 -36.64 ST

41.000 41.560 1,703.96 07/10/07 39.831 1,633.09 70.87 ST

102.000 41.560 4,239.12 07/25/07 40.579 4,139.09 100.03 ST

Security total 398.000 16,540.88 637 / 3.85% 16,086.83 454.05

BOEING COMPANY 36.000 87.460 3,148.56 11/08/06 85.554 3,079.95 68.61 LT

Symbol: BA Exchange: NYSE 27.000 87.460 2,361.42 11/16/06 88.925 2,400.98 -39.56 LT

25.000 87.460 2,186.50 11/21/06 89.905 2,247.65 -61.15 LT

20.000 87.460 1,749.20 12/07/07 92.884 1,857.70 -108.50 ST

if

Continued on page 5 Page 43 61 q61 December 07/ TM 54489 35

Bailey Family Foundation Bu isiness Services Account n HFEIN #: 54-1850780

2007 Part II Balance Sheet(c) Fair Market Value Staternent Period: December 2007

Schedule L - I Pg. 44 of 49Common stock - continued

Est. annual Income/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis oalnposs period

Security total 108.000 9,445.68 173 / 1.83% 9,586.28 -140.60

CAMERON INTL CORP 76.000 48.130 3,657.88 04/18/07 32.757 2,489 .54 1,168.34 ST

Symbol: CAM Exchange: NYSE

CHINA MOBILE LTD SPON ADR 45.000 86.870 3,909.15 11/01/06 41.032 1,846 . 47 2,062.68 LT

Symbol : CHL Exchange : NYSE 76.000 86.870 6 , 602.12 11/02/06 41 . 144 3,126.94 3,475.18 LT

90.000 86 . 870 7,818.30 12/06/06 41 . 242 3,711.79 4,106.51 LT

Security total 211.000 18 ,329.57 216 / 1 . 18% 8,685.20 9,644.37

COCA COLA CO COM 46 . 000 61 .370 2 , 823.02 10/30/07 61.790 2,842.36 - 19.34 ST

Symbol : KO Exchange : NYSE 23.000 61 .370 1,411 .51 10/31/07 61.594 1,416.68 -5.17 ST

17.000 61 . 370 1,043.29 11/20/07 62 .287 1 ,058.89 - 15.60 ST

Security total 86.000 5 ,277.82 117 / 2.22% 5,317.93 -40.11

CVS CAREMARK CORP 202.000 39.750 8,029.50 48 / .60% 05/25/07 38 .739 7,825.40 204.10 ST

Symbol : CVS Exchange: NYSE

FEDEX CORP 30.000 89 . 170 2,675.10 04/24/06 115.878 3,476.34 -801.24 LT

Symbol : FDX Exchange : NYSE 24 .000 89 . 170 2 , 140.08 lG 04/24/06 115.878 12,781 .07(0 -640.99 LT

Security total 54.000 4 ,815.18 22 / .46% 6,257 .41 -1,442.23

GENENTECH INC 275.000 67 .070 18,444.25 04/24/06 79.770 21 ,936.75 -3,492.50 LT

Symbol : DNA Exchange: NYSE

GENL DYNAMICS CORP 176.000 88.990 15,662 . 24 04/24/06 68.620 12,077.24 3,585.00 LT

Symbol : GD Exchange : NYSE 22.000 88.990 1,957 .78 07/20/06 68.656 1,510.45 447.33 LT

Security total 198.000 17 , 620.02 230 / 1 . 31 % 13,587 . 69 4,032.33

GOLDMAN SACHS GROUP INC 63 . 000 215.050 13,548.15 04/24/06 165 . 090 10,400.67 3,147.48 LT

Symbol : GS Exchange : NYSE 26.000 215.050 5 ,591.30 08/23/06 154 . 038 4 ,004.99 1,586.31 LT

4.000 215.050 860.20 09/07/07 180.882 723.53 136.67 ST

9.000 215 .050 1,935 . 45 09/24/07 213 . 444 1,921.00 14.45 ST

7.000 215.050 1 ,505.35 10/03/07 228 .666 1,600.67 -95.32 ST

Security total 109.000 23 , 440.45 153 / .65% 18 , 650.86 4,789.59

Continued on page 6 Page 44 vf qvi December 07/ TM 54489 35

Bailey Family Foundation Business Services Account T ® HFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period: December 2007


Est. annual Incomel Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis qa/Moss period

GOOGLE INC CL A 11.000 691.480 7 ,606.28 03/26/07 461 . 749 5,079.24 2,527.04 ST

Symbol : GOOG Exchange : OTC 8.000 691 . 480 5,531.84 10/02/07 584.141 4,673.13 858.71 ST

6.000 691.480 4,148 . 88 10/24/07 669.325 4 ,015.95 132.93 ST

Security total 25.000 17,287.00 13,768.32 3,518.68

HEWLETT PACKARD CO 57.000 50 480 2 , 877.36 07/16/07 47.355 2,699.26 178.10 ST

Symbol : HPO Exchange : NYSE 47.000 50.480 2,372.56 08/14/07 48.074 2,259 . 48 113.08 ST

54.000 50 . 480 2 , 725.92 09/04/07 49.900 2,694.60 31.32 ST

Security total 158.000 7 , 975.84 51 / .64% 7,653 .34 322.50

INTEL CORP 111.000 26.660 2 ,959.26 11/15/06 21 . 866 2,427.20 532.06 LT

Symbol: INTC Exchange : OTC 107. 000 26 .660 2 , 852.62 11/16/06 22 .230 2,378.66 473.96 LT

85.000 26 . 660 2 , 266.10 02/09/07 21.400 1,819.04 447.06 ST

64.000 26 . 660 1,706.24 02/20/07 21 . 184 1,355.78 350.46 ST

124.000 26.660 3 ,305.84 04/11/07 20.578 2,551.73 754.11 ST

Security total 491 . 000 13,090 . 06 221 / 1.69% 10,532.41 2,557.65

LAS VEGAS SANDS CORP 146 000 103.050 15,045.30 04/24/06 63 . 870 9 ,325.02 5,72028 LT

Symbol : LVS Exchange: NYSE 42 . 000 103.050 4 , 328.10 10/19/06 77.040 3,235.68 1,092.42 LT

3.000 103 .050 309.15 08/09/07 104 . 655 313.97 -4.82 ST

Security total 191 . 000 19 , 682.55 12 , 874.67 6,807.88

LEHMAN BROS HOLDINGS INC 80.000 65 . 440 5 , 235.20 04/24/06 76 .975 6 , 158.00 -922.80 LT

Symbol: LEH Exchange: NYSE 104 . 000 65 . 440 6 ,805.76 10/17/06 77.138 8,022 . 42 -1,216.66 LT

39.000 65.440 2 , 552.16 12/07/07 64 . 219 2,504.58 47.58 ST

Security total 223.000 14 ,593.12 134 / .92 % 16,685.00 -2,091.88

LOCKHEED MARTIN CORP 107.000 105 . 260 11,262 .82 04/24/06 77.910 8,336 .37 2,926.45 LT

Symbol : LMT Exchange : NYSE 4.000 105 . 260 421 .04 08/10/06 81.499 326.00 95.04 LT

28.000 105 . 260 2 ,947.28 09/01/06 83.633 2,341.73 605.55 LT

25.000 105 . 260 2 ,631.50 09/08/06 83 .704 2,092.61 538.89 LT

4.000 105 . 260 421.04 10/02/07 109.834 439 .34 -18.30 ST

Security total 168.000 17 , 683.68 282 / 1.59% 13,536.05 4,147.63

LOWES COMPANIES INC 420.000 22 620 9,500 .40 134 / 1.41% 04/24/06 31 .475 13,219.50 -3,719.10 LTSymbol . LOW Exchange: NYSE

Continued on page 7 Page '# qq December 07/ TM 54489 35

Bailey Family Foundation Business Services AccountFEIN #: 54-18507802007 Part II Balance Sheet



Description Total shares Price Current valueEst. annual income! Trade

Current yield datePurchase

price Cost basisUnrealizedcaln4oss

Holdingperiod

MASTERCARD INC CL A 24.000 215.200 5,164.80 02/15/07 107.724 2,585.38 2,579.42 ST

Symbol: MA Exchange: NYSE 12.000 215.200 2,582.40 02/28/07 103.309 1,239.72 1,342.68 ST

12.000 215.200 2,582.40 03/13/07 102.975 1,235.71 1,346.69 ST

17.000 215.200 3,658.40 08/14/07 133.282 2,265.80 1,392.60 ST

18.000 215.200 3,873.60 10/02/07 154.202 2,775.65 1,097.95 ST

Security total 83.000 17,861.60 50 / .28% 10,102.26 7,759.34

MCDONALDS CORP 53.000 58.910 3,122.23 04/18/07 48.741 2,583.32 538.91 ST

Symbol: MCD Exchange: NYSE 23.000 58.910 1,354.93 05/14/07 50.682 1,165.69 189.24 ST

50.000 58.910 2,945.50 05/15/07 51.389 2,569.48 376.02 ST

48.000 58.910 2,827.68 05/16/07 51.376 2,466.05 361.63 ST

23.000 58.910 1,354.93 05/18/07 51.980 1,195.55 159.38 ST

50.000 58.910 2,945.50 05/21/07 52.071 2,603.58 341.92 ST

50.000 58.910 2,945.50 05/22/07 52.522 2,626.11 319.39 ST

33.000 58.910 1,944.03 06/26/07 51.697 1,706.03 238.00 ST

31.000 58.910 1,826.21 07/02/07 51.251 1,588.79 237.42 ST

10.000 58.910 589.10 10/04/07 56.063 560.63 28.47 ST

27.000 58.910 1,590.57 10/05/07 56.044 1,513.20 77.37 ST

Security total 398.000 23,446.18 597 / 2.55% 20,578.43 2,867.75

MERCK & CO 50.000 58.110 2,905.50 10/30/07 57.942 2,897.11 8.39 ST

Symbol: MRK Exchange: NYSE 24.000 58.110 1,394.64 11/02/07 56.585 1,358.06 36.58 ST

24.000 58.110 1,394.64 11/21/07 56.882 1,365.17 29.47 ST

19.000 58.110 1,104.09 11/21/07 56.864 1,080.43 23.66 ST

23.000 58.110 1,336.53 11/26/07 57.619 1,325.24 11.29 ST

20.000 58.110 1,162.20 11/27/07 58.732 1,174.65 -12.45 ST

21.000 58.110 1,220.31 11/28/07 59.293 1,245.16 -24.85 ST

26.000 58.110 1,510.86 11/30/07 59.180 1,538.70 -27.84 ST

49.000 58.110 2,847.39 12/03/07 58.773 2,879.88 -32.49 ST

27.000 58.110 1,568.97 12/26/07 59.494 1,606.35 -37.38 ST

Security total 283.000 16,445.13 430 / 2.61 % 16,470.75 -25.62

MGM MIRAGE 136.000 84.020 11,426.72 04/24/06 43.600 5,929.60 5,497.12 LT

Symbol: MGM Exchange: NYSE 49.000 84.020 4,116.98 01/10/07 63.366 3,104.96 1,012.02 ST

H

Continued on page 8 Page 46 Of 401 December 07/ TM 54489 35

Bailey Family Foundation Business Services Account B, ® H

FEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period: December 2007


Est. annuallncome/ Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis as/Moss period

Security total 185.000 15,543 .70 9,034.56 6,509.14

MICROSOFT CORP 157.000 35 .600 5 , 589.20 11 /01/07 36.642 5,752.84 - 163.64 ST

Symbol : MSFT Exchange : OTC 38.000 35.600 1,352 . 80 11/07/07 36 .034 1,369.30 -16.50 ST

157.000 35 .600 5 ,589.20 11 /21/07 34.544 5,423.46 165.74 ST

122.000 35.600 4,343 . 20 11 /26/07 34 . 186 4,170.77 172.43 ST

Security total 474.000 16 ,874.40 209 / 1.24% 16,716.37 158.03

MONSANTO CO NEW 42.000 111 .690 4 , 690.98 04/24/06 43 . 735 1 , 836.87 2,854.11 LT

Symbol : MON Exchange : NYSE 16.000 111 .690 1,787 . 04 08/04/06 45.941 735.07 1,051.97 LT

25.000 111.690 2,792 . 25 08/07/06 45.611 1,140 .30 1,651.95 LT

21.000 111 . 690 2 ,345.49 08/22/06 47.011 987. 24 1,358.25 LT

23.000 111.690 2,568.87 08/24/06 46.982 1,080 .60 1,488.27 LT

24.000 111 . 690 2 , 680.56 09/01/06 47 . 798 1 ,147.17 1,533.39 LT

25.000 111.690 2,792.25 09/06/06 47.765 1, 194.13 1,598.12 LT

49.000 111.690 5 ,472.81 10/13/06 45 .800 2 , 244.24 3 , 228.57 LT

Security total 225.000 25,130.25 158 / .63% 10 , 365.62 14,764.63

PETROLEO BRASILEIRO SA 39 . 000 115 . 240 4,494.36 07/13/07 68.486 2 ,670.97 1 , 823.39 ST

Symbol : PBR Exchange : NYSE 45 . 000 115 240 5,185.80 09/04/07 63.583 2,861 . 26 2,324.54 ST

30.000 115 . 240 3 , 457.20 12/21/07 112 . 632 3 ,378.97 78.23 ST

Security total 114 000 13 , 137.36 66 / .50% 8,911.20 4,226.16

PRAXAIR INC 19.000 88.710 1 ,685.49 11 /14/06 62.481 1,187.16 498.33 LT

Symbol: PX Exchange : NYSE 20 000 88.710 1,774.20 11/16/06 63.236 1 , 264.74 509.46 LT

36.000 88.710 3,193.56 05/18/07 69.008 2,484.30 709.26 ST

27.000 88.710 2,395.17 07/25/07 75.803 2 ,046.71 348.46 ST

Security total 102.000 9,048 .42 122 / 1.35% 6,982.91 2 ,065.51

QUALCOMM INC 64 .000 39.350 2,518.40 11 /20/07 41.304 2,643.48 -125.08 ST

Symbol: QCOM Exchange : OTC 34.000 39 . 350 1 ,337.90 11/21/07 41.412 1, 408.03 -70.13 ST

Security total 98 . 000 3 , 856.30 55 / 1.43% 4,051.51 -195.21

SCHERING PLOUGH CORP 91 .000 26 . 640 2 , 424.24 04/17/07 28 . 084 2,555.68 -131.44 ST

Symbol : SGP Exchange : NYSE 90.000 26 . 640 2 ,397.60 04/19/07 30.977 2, 787.96 -390.36 ST

Continued on page 9 Page q- of 49 December 07/ TM 5448935

Bailey Family Foundation Business Services Account HFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period : December 2007


Est. annuallncomel Trade Purchase Unrealized Holding

Description Total shares Price Current value Current yield date price Cost basis galMoss period

Security total 181 . 000 4 , 821.84 47 / .97% 5,343.64 -521.80

SCHLUMBERGER LTD NETHERLANDS 190.000 98 .370 18,690.30 04/24/06 68.600 13,034.00 5,656.30 LT

ANTILLES 9.000 98.370 885.33 07/18/07. 90 . 836 817.52 67.81 ST

Symbol : SLB Exchange : NYSE 26 .000 98.370 2 ,557.62 09/07/07 97.772 2 , 542.09 15.53 ST

Security total 225.000 22,133 . 25 158 / .71 % 16 , 393.61 5 ,739.64

TOYOTA MOTOR CORP NEW JAPAN 14.000 106 . 170 1,486 .38 04/24/06 116 . 560 1 ,631.84 -145.46 LT

SPON ADR 50 .000 106 . 170 5,308 . 50 08/03/06 106.213 5 , 310.69 -2.19 LT

Symbol: TM Exchange : NYSE 39.000 106.170 4 , 140.63 10/20/06 116.094 4,527.67 -387.04 LT

Security total 103 . 000 10,935.51 223 / 2.04% 11 ,470.20 -534.69

TRANSOCEAN INC NEW SHS ORD 16.000 143.150 2,290.40 07/24/07 117.130 1,874.08 416.32 ST

Symbol : RIG Exchange : NYSE 7.000 143 . 150 1,002 . 05 07/25/07 126.127 882.89 119.16 ST

8.000 143.150 1,145.20 07/27/07 116.481 931.85 213.35 ST

18.000 143.150 2,576.70 09/10/07 99 .687 1,794.38 782.32 ST

16.000 143 . 150 2 , 290.40 12/06/07 131.962 2 , 111.40 179.00 ST

9.000 143.150 1,288.35 12/07/07 133.493 1,201.44 86.91 ST

8.000 143.150 1,145.20 12/12/07 139.177 1,113.42 31.78 ST

5.000 143150 715 . 75 12/24/07 145 . 376 726.88 -11.13 ST

Security total 87.000 12 ,454.05 10 ,636.34 1,817.71

UNION PACIFIC CORP 110.000 125.620 13,818.20 194 / 1.40% 04/24/06 97.382 10 , 712.11 3,106.09 LT

Symbol: UNP Exchange: NYSE

UNITEDHEALTH GROUP INC 254.000 58.200 14 ,782.80 04/24/06 50 . 190 12,748 .26 2,034.54 LT

Symbol : UNH Exchange: NYSE 29.000 58 . 200 1,687.80 05/03/06 46 . 999 1 ,363.00 324.80 LT

11.000 58 . 200 640 . 20 05/04/06 46.610 512 .71 127.49 LT

57.000 58.200 3,317.40 10/19/06 50 .516 2,879.45 437.95 LT

48.000 58.200 2,793.60 12/21-/07 58.660 2,815.72 -22.12 ST

Security total 399.000 23 ,221.80 12 / .05% 20 ,319.14 2,902.66

WELLS FARGO & CO NEW 25.000 30. 190 754.75 07/19/06 35.250 881.26 -126.51 LT

Symbol : WFC Exchange : NYSE 32.000 30 . 190 966.08 07/21/06 35 . 578 1 , 138.51 -172.43 LT

39.000 30 . 190 1 , 177.41 08/17/06 35 . 257 1,375.04 -197.63 LT

35.000 30.190 1 ,056.65 09/01/06 34.696 1 , 214.39 -157.74 LT

Continued on page 10 Page(fr q (/9 December 07/ TM 54489 35

Business Services Account HBailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value Statement Period : December 2007


Est. annual Income/ Trade Pur ase Unrealized HoldingDescription Total shares price Current value Current Yield date price Cost basis gafn/loss period

34.000 30. 190 1,026.46 09/06/06 34 .740 1,181.18 -154.72 LT28.000 30.190 845 .32 09/11/06 34.947 978 .54 -133.22 LT69.000 30.190 2 , 083.11 10/19/06 36 .393 2 ,511.17 -428.06 LT

Security total 262.000 7 ,909.78 325 / 4.11 % 9,280.09 -1,370.31

YUMI BRANDS INC 444.000 38.270 16 ,991.88 266 / 1 .57% 04/24/06 24 .760 10 ,993.44 5,998.44 LTSymbol: YUM Exchange: NYSE

Total 7,606.000 521 .766.16 , 5,476exCo,f'-iSb-er-iv. __

427,079.97 ,

-yS!as g 1 e -% i94,686.19

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Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market ValueSchedule L - 2 Pg. 1 of 5

Statement Period : December 1, 2007 - December 31, 2007

Direct your service and Investment questions to,JOHN LABRADOR

Platinum Client Group

800-503-9260

ACCOUNT OVERVIEW

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:t'•, , .'.:1^, :e,. n- ,,•,•^. '}i:i

Last Statement Date : November 30, 2007

Beginning Account Value (On 11/30/07): $ 20,868,813.55Ending Account Value (On 12/31/07): $Net Change: $

For current rates, please visit www.ehade.com/rates.

The advice you want. The way you want it. Visit www.etrede.com/advice to learn more.

ASSET ALLOCATION (AS OF 12/31/07)

N'(ia,7^-0F,` 's:tR^ ^^rk^.' Iv,i 3S' t, ts^$ 1fi,.'•.' ,,-t' ,^ ,,t.; $ ^..^£ttab

'F ^ ^_3vj ]f ^ ,t. 1` 4 A ^4• t4'` t'i ^ J ^ P,- t^+ I •h, ^'e?I

0.10% - Cash a Equivalents24.17% - Stocks , Options & ETF (Long)

.73% - Mutual Funds

E'TRADE Clearing LLC (ETC). member NYSE/FINRA /SIPC. carries your account and

acts as your custodian for funds and securities deposited with us directly

by you, through E 'TRADE Securities or as a result of transactions we process for your

account . Any Inquiry regarding positions and balances only may be

directed to ETC at 201 -308.4985 . All other Inquiries regarding your account or the actMty

therein should be directed to E•TRAOE Securities LLC at 1-800-503-9260.

ACCOUNT VALUE SUMMARY

11 ,S f 0 ' r 1 1. •^ • ._ Y r« 41 =i".r !'°.

Cash & Equivalents $ 19,705.87 $ 2, 293.49 759.21%Total Cash/Margln Debt $ 19,705 .87, $ 2,293.49 759.21%

Stocks, Options & ETF (Long ) $5,010,780 00 $4,560,659.30 9.87%Mutual Funds $15,696,765.72 $16,305,860.76 -3.74%Total Value of Securities $20,707 ,493.22 $20,866,520.06 -0.76%

Net Account Value $20,727 , Zq . 5q $20,868 ,813.55 -0.68%

E•TRADE Securities LLC • PO Box 1542, Merrifield , VA 22116 • www.etrade .com • 1-800-503-9260 • Member FINRA /SIPC PAGE I I S

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in 2007 Part II Balance SheetTred kv/esfir Berikln •,, 9 9 9 to !,, g:•'r,l. +, ^.r'^f:.;^' -;t,^7r .y' .n.a^'w'^' rr, ay„RV r• h:t-' „^ ' .. ,. ,i' ''^^vir^;>^.^•r,:,1+, .,tip A .1}+'r'a

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- c ) Fair Market ValueSchedule L- 2 Pg. 2 of 5


NET ACCOUNT VALUE BY MONTH END3, ;^.•a : :^'tiP +,,, ,^ r.:R!,1:; , ,''7"^°S. ' ^>sw'ai+cr•^g

$30,000,00

$27,000,00

$24,000,00

521,000,00

$18,000,00

$16,000,00

$12,000,00

$9,000,000

$8,000,000

$3,000,000

$0

ACCOUNT TRANSACTION SUMMARY

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Securities Purchased $ -1,028,074.92 $ - 13,169,525.66Securities Sold $ 1,041 ,404.42 $ 13,083,396.07

Interest Received5.35%

326% -0.39% .. 5.80% g .5.02% .068% Taxable

j^ V rIG fr, '

a e t ` ^ ' '4•i' a r '

DEC46 JAN.07 FEB-07 MAR-07 APR-07 MAY-07 JUN.07 JUL•07 AUG-07 SEP-07 OCr-07 NOV-07 DEC47

TOP ACCOUNT HOLDINGS (AS OF 12/31/07)

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3.03% - NMANX

3.05% -tWIRX3.15% - PZD

3.17% - VISGX

3.41 % - VWAW"NPX

3.61% -LCORX 11^&

3.96% - TAVFX

5.62% - MACSX

5.93% - TREMX 55.07% - OTHER

$ 0.00 $ 60.70

Dividends Received

Taxable $ 810,373.60 $ 1,091,318.91Tax Exempt $ 25.62 $ 1,039.53

E•TRADE Securities LLC • PO Box 1542, Merrifield, VA 22116 • www.etrede.com • 1-800-503-9260 • Member FINRA/SIPC PAGE eZ of S

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F I NA N C UA L• " "? ^^ `' ^' ` - `'r Ê'TRADE Platinum FEIN # : 54-1850780rM

' Investment -Account 2007 Part II BalanceTrading lnVesting Saak(n Landing'°

Sheet

(c) Fair Market ValueSchedule L - 2 Pg. 3 of 5


ACCOUNT HOLDINGS

CASH & CASH EQUIVALENTS (0.10% of Holdings)

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ALANE t•. (tr•^^rti Elr"-, (^ :Ali 'I*_`,. ts`BALAFIC

CASH BALANCE_

0.00

..;.. _

352.55 0.00JPMORGAN GEN MUNI - E•TRADE CL 2,293 .49 19,353 .32 0.09 12,953.70TOTAL CASH & CASH EQUIVALENTS $2,293.49, $19,705.87 0.10%

STOCKS , OPTIONS & EXCHANGE-TRADED FUNDS (24.17 % of Holdings)

D C I S BOt ,z i 5 PIC GA -

r i`z^'r, K W , RICE OTA4 ^+

: " ',{' 'tiPORTFOLI , '" î ES ANNUAL EST' ANNU

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•••BARCLAYS BK PLC INP Cash 5,000 j 97.7900 488,950.00) 2.36IPATH ETNS LKD MSCI INDIATOTAL RETURN INDEXISHARES INC EWA Cash 21,200 ,/ 28.8200 610 ,984.00 J 2.95 23,320.00 3.82%MSCI AUSTRALIA INDEX FD(BOOK ENTRY)ISHARES INC EZU Cash 2,900 3 119.3200 346,028.00 1.67 5,371 .00 1.55%MSCI EMU INDEX FDISHARES INC EPP Cash 1 ,950 .j 154. 2800 300,846.00 1.45 10,134 . 00 3.37%MSCI PACIFIC EX-JAPAN INDEXFDISHARES INC EWP Cash 7,390 V 63.6500 470,373.50 2 . 27 2,830.00 0.60%MSCI SPAIN INDEX FD(BOOK ENTRY)ISHARES TR FXI Cash 3,200 170.4500 545,440 .00 2.63 4, 176.00 0.77%FTSE XINHUA HK CHINA 25INDEXFUNDISHARES TRUST IXG Cash 3,700 / 79.8100 295,297.00 1.42 4,484.00 1.52%S&P GLOBAL FINLS SECTORINDEXFUND(SHARES IGE Cash 1 ,950 / 134.3800 262,041.00 1.26 2, 213.00 0.84%S&P GSSI NATURAL RESOURCESINDEX FUNDISHARES TRUST EFA Cash 5 ,900 78.5000 463,150 .00 2.23 9,045.00 1.95%MSCI EAFE INDEX FUND(SHARES TRUST IJJ Cash 79.5600 0.00 0.00S&P MIDCAP 400 VALUE INDEXFUNDPOWERSHARES PZD Cash 18 ,300 3 35.7000 653 ,310.00 3.15EXCHANGE-TRADED FDTR CLEANTECH PORTFOLIO

E•TRADE Securities LLC • PO Box 1542, Merrifield , VA 22116 • www.etrade.com • 1-800-503-9260 • Member FINRA/SIPC PAGE 3 O, 5

i y Family F61 , , : , << Bailey FoundationA;

F IFEIN #: 54-1850780

A NC I A'L^ E-iiRADE " PlatinF5m'_lnvestnienttAccount, , 2007 Part II Balance Sheet

Trading , - nesting + anking ' Lending

' (c) Fair Market ValueSchedule L - 2 Pg. 4 of 5


STOCKS, OPTIONS & EXCHANGE-TRADED FUNDS (Continued)

t.., .•, ,r^.Y`-'E:--• '"• si+ .r'.•,If+, CUSIP,:' °x"`" "a'^'°t<! `^P,7 *'' 4,,,^,,'k,._,, .,^.. ;g.TYPE l.' s,..•,Z ..

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POWERSHARES PPA Cash-

25,200 22.7900_

574,308.00 2.77_

1,411.00

D

0.25%EXCHANGE-TRADEDFUND TRUST AEROSPACE &DEFENSE PORTFOLIO (0114TOTAL STOCKS, OPTIONS & ETF $1 3 24.17% $62,984 .00 1.26%

MUTUAL FUNDS (75.73% of Holdings ) 5,oio,7QB

R P,- r T`4"•,-TOW .i'r^

,3 5 ACT ANTITY^'.yil2J

C'` ," `T T

DES t1FiL^1Gr,.:i

'y' _,

CUSIP -PE V (r^s, Ci ,INCOME _`•i

"BARON GROWTH FUND BGRFX Cash 9,956 . 308 50.6700 504,486.13 2.43-

"COLUMBIA ACORN TR ACTWX Cash 22,113 .77 , 28.4100 628 , 252.21 3.03SELECT CL Z••DELAFIELD FUND INC DEFIX Cash 24.3200 0 .00 0.00''DODGE & COX FUNDS DODFX Cash 11,407.712,,/ 46.0000 524,754.75 2.53 6,445.00INTERNATIONAL STOCK FUND"EXCELSIOR FUNDS INC UMBIX Cash 8,293 .035 , 56.8200 471,210.25 2.27 5,598.00VALUE & RESTRUCTURING FUND•"FBR FOCUS FUND FBRVX Cash 8,085.03 s/ 54.4500 440,229.88 2.12"FIDELITY ADVISOR SER VIII FADCX Cash 22, 521.469,/ 20.9300 471,374.35 2.27 1,329.00DIVERSIFIED INTL FD-CL C

FIDELITY LOW PRICED STOCK FLPSX Cash 8,514.176 / 41.1300 350,188.06 1 . 69 4,853.00FUND•*FIDELITY LEVERAGED FLVCX Cash 18,618 .312,/ 32.3300 601,930.03 2.90 7,261.00COMPANYSTOCK FUND"GUINNESS ATKINSON FDS IWIRX Cash 29,174.664] 21.6800 632;506.72 3.05 3,122.00GLOBAL INNOVATORS FD"'ICON FUNDS ICENX Cash 15,485 . 516,/ 33 . 6400 520,932.76 2.51 1,719.00ENERGY FUND••JANUS FUNDAMENTAL JAEIX Cash 17,470.068 26 . 5000 462,956.80 2.23 12,526.00EQUITYFUND RETAIL"KINETICS MUTUAL FOS INC WWNPX Cash 22,815 .896 j 30.9900 707,064.62 3.41 2,898.00THE PARADIGM FUND•"LEUTHOLD CORE INVESTMENT LCORX Cash 41,376.523 j 18.0600 747,260.01 3.61 15,516.00FUND•"MARSICO 21ST CENTURY MXXIX Cash 34,240.158 17.4400 597, 148.36 2.88FUND"•MATTHEWS ASIAN GROWTH & MACSX Cash 58 ,920.587,/ 19.7800 1,165,449.21 5 . 62 53, 264.00INCOME FUND"NEUBERGER BERMAN MID NMANX Cash 57,250 .471 10.9800 628,610.17 3.03

CAP

GROWTH FUNDOR INVESTOR CL

E•TRADE Securities LLC • PO Box 1542, Merrifield, VA 22116 • www.etrade .com • 1-800-503-9260 • Member FINRA/SIPC PAGE 9 5'

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F 1 N A N C l"A;L_r''. TRADE Piitin;um FEIN #: 54-1850780^?rlnv'e"" -ibntAcCOUn F, {

ing banking"^ L^riding 't 2007 Part II Balance SheetTrading Infest

7

10 '.. (c) Fair Market ValueSchedule L - 2 Pg. 5 of 5


MUTUAL FUNDS (Continued)tRl .-' 4

„ :$`

CI^SIPAC A

-'•" S ^ÌTYFEF' : , ' F 7 `hRICE A KI , '' PO OL O ;3+ ,F 3 ST: A AÛAL z ' ° =^n Ja4 .. ^, Gh. :nr y° ('•' •x#f i •y '^.â^ ^f3 ,_ _ ,\ c

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"'T ROWE PRICE MEDIA 6 PRMTX Cash 10,709 .476 3 48 .4700 519,088 .30 2.50 2,999.00TELECOMMUNICATIONS FUNDINC*'T ROWE PRICE INTL FUNDS PRASX Cash 18,221 . 832 J 21 . 5800 393 , 227.13 1.90 3,462.00INC'NEW ASIA FUND•*T ROWE PRICE INTL FDS INC TREMX Cash 32-,888.851 37.3600 1 ,228,727 . 47' 5.93EMERGING EUROPEMEDITERRANEAN•'T ROWE PRICE PERSONAL TRSGX Cash 7,337 .17 j 24.4400 179,320 .43 0.87 2 ,935.00STRATEGY GROWTH FUND**ROYCE FUND RYVPX Cash 42,637 . 112, / 13.8100 588,818.52 2.84 7,206.00VALUE PLUS FUND SERVICE CL

,

•'SSGA FUNDS SSAIX Cash 33,726.35 3 14.1200 476 , 216.0E 2.30 10,691.00INTL STK SELECTION FUND*•THIRD AVENUE VALUE FUND TAVFX Cash 13,506.906 60.7500 820 , 544.541 3.96 22 ,057.00INC"*VANGUARD EQUITY INCOME VEIPX Cash 15,607 .969 24.4200 381 , 146.60 1.84 10 ,816.00FUNDINC**VANGUARD HORIZON FD INC VHGEX Cash 16,202.621,/ 23.7100 384,164 . 141 1.85GLOBAL EQUITY PORTFOLIO"VANGUARD INDEX TRUST VISGX Cash 32,813 .89 ,, 20 .0100 656 ,605.94 3.17 3,085.00SMALL CAPITLZATION GROWTH"WASATCH FUNDS INC WAGTX Cash 40,272 .102 J 15.2600 614 , 552.28 2.96

GLOBAL TECHNOLOGY FUND

TOTAL MUTUAL FUNDS $15,696,765.72 75.73% $177,782.00

TOTAL PRICED PORTFOLIO HOLDINGS (ON 12/31/07) $20,727, 199.09

TOTAL ESTIMATED ACCOUNT HOLDINGS ANNUAL INCOME $240,766.00

TRANSACTION HISTORY

SECURITIES PURCHASED OR SOLD (MUTUAL FUND ACTIVITY LISTED IN SEPARATE SECTION),r, SE D , ^ O

"EY, BOUT NS^1 T10N ";"1; ,xhlC!? ,^:,. 1^°" "aiP ICfi , ^'= a ^•1' oc "û;OUANTI kAMOU^1.i.r t :IS rJ„w . ; a s' :v^' g.. t f r •

-OUA

^„ ti;^ , t

'•DATE' ' 1

f , t`. ,CHASEDCUSIP YPE r. i. : a_ • . ' . :" 7 ^ SbLI)"=eirt.

11/29/07, f1

12/04/07 ISHARES TRUST

_, __.. .IJJ Sold -4,800 79.7000 382 , 544.15

10:18 S&P MIDCAP 400 VALUE INDEXFUND

E"TRADE Securities LLC • PO Box 1542 , Merrifield , VA 22116 • www.etrade .com • 1-800-503 -9260 • Member FINRA/SIPC PAGE' S 7 s

O Bailey Family FoundationFEIN #: 54- 1850780

April 11, 2008 2007 Part II Balance Sheet


Schedule L - 3 Pg. 1 of 16

Portfolio StatementAs of 12/31/2007

Bailey Family Foundation Total Portfolio Acct #: 003

Original Cost Unit Current CurrentDescription Symbol Trade Date Quantity Basis Cost Value Price

Bailey Family Foundation 21881767 KB-ACG Brandes

EquitiesAcorn Adr ACMUY 05/24/2006 5,280 $52,555.15 $9.954 $26,998.75 $5.113AegonNVADR AEG 09/22/2004 2,899 $45,867.31 $15.822 $50,819.47 $17.530Akzo Nobel NV Sponsored ADR AKZOY 10/27/2004 330 $12,244.09 $37.103 $26,435.11 $80.106Alcatel-Lucent ADR ALU 09/02/2004 6,410 $80,189.38 $12.510 $46,921.20 $7.320Astrazeneca PLC ADR AZN 05/04/2007 1,560 $80,628.35 $51.685 $66,799.20 $42.820Barclays Bank PLC ADR BCS 12/13/2007 210 $9,091.43 $43.293 $8,477.70 $40.370British Sky PLC ADR BSY 01/05/2006 680 $26,889.72 $39.544 $33,265.60 $48.920Carrefour Sprmch Sa Ordf CRERF 01/03/2006 660 $36,516.79 $55.328 $51,422.45 $77.913Centrais Eletricas Brasileiras Sponsored ADR CAIFY 03/16/2007 1,750 $18,637.15 $10.650 $23,526.65 $13.444Covidien COV 03/20/2006 292 $10,651.49 $36.478 $12,932.68 $44.290Dai Nippon Printing ADR DNPCF 01/31/2007 2,000 $30,397.50 $15.199 $29,414.00 $14.707Dai Nippon Printing ADR DNPLY 12/28/2004 1,060 $16,630.76 $15.689 $15,589.42 $14.707Daiichi Sankyo DSKYF 03/03/2006 700 $14,363.65 $20.520 $21,554.82 $30.793Deutsche Post Ag Ord DPSTF 01/31/2007 800 $24,172.00 $30.215 $27,498.48 $34.373Deutsche Telekom AG ADR DT 04/25/2005 4,840 $84,306.90 $17.419 $104,882.80 $21.670Ericsson Tel ADR ERICD 03/14/2007 2,000 $59,497.78 $29.749 $46,700.00 $23.350

France Telecom ADR FTE 10/04/2004 1,430 $35,306.49 $24.690 $50,950.90 $35.630

France Telecom Sa Ord FNCTF 06/27/2007 480 $13,132.14 $27.463 $17,277.94 $35.996

Fuji Heavy Inds Ltd ADR FUJHY 01/30/2007 460 $24,265.00 $52.750 $21,493.96 $46.726

Fuji Photo Film ADR FUJIY 09/02/2005 550 $18,370.90 $33.402 $22,847.00 $41.540

GlaxoSmithKline PLC ADR GSK 06/14/2004 1,510 $76,949.82 $50.960 $76,088.90 $50.390

Hitachi ADR HIT 06/14/2004 730 $46,473.57 $63.662 $53,392.20 $73.140

HSBC Holdings PLC ADR HBC 02/14/2007 425 $38,379.33 $90.304 $35,576.75 $83.710Infineon Technologies ADR IFX 01/20/2006 1,570 $14,993.50 $9.550 $18,274.80 $11.640

Intesa Sanpaolo Ord T55067101 06/01/2004 4,833 $28,093.72 $5.813 $38,227.58 $7.910

ITV Plc Ord 3892664 12/12/2005 23,320 $45,319.20 $1.943 $39,690.64 $1.702

Kingfisher PLC ADR KGFHY 07/02/2007 7,930 $62,049.74 $7.825 $45,967 04 $5 797

Korea Electric Power ADR KEP 06/14/2004 1,560 $24,148.61 $15.480 $32,526.00 $20.850

KT Corporation ADR KTC 05/21/2004 1,600 $32,6116.30 $20.385 $41,280.00 525.800

Magna International MGA 11/21/2006 310 $23,682.11 $76.394 $24,933.30 $80 430

Marks&SpencerAdrf 570991133 05/13/2004 450 $19,155.50 $42.568 $30,097.85 $66.884

Millea Holdings ADR MLEA 02/14/2005 1,355 $44,365.70 $32.742 $45,726.51 $33.747

Mitsubishi UFJ Financial ADR MTU 04/06/2005 7,100 $80,708.32 $11.367 $66,243.00 $9.330

lip

O Bailey Family FoundationFEIN #: 54-1850780

April 11, 2008 2007 Part II Balance Sheet Page 2(c) Fair Market ValueSchedule L - 3 Pg. 2 of 16




EquitiesMitsui Sumitomo ADR MTSQY 12/04/2006 570Mizuho Financial Group ADR MFG 04/27/2007 6,000N E C Corp ADR NIPNY 01/30/2007 9,800Natexis NTXFF 09/11/2007 1,190Nestle S A Reg B ADR NSRGY 11/02/2004 310Nippon Tele & Tel ADR NTT 09/22/2004 3,530Nortel Networks Cp New NT 07/20/2005 1,698Portugal Telecom ADR PT 09/21/2005 2,750Promise Company ADR PMSEY 04/21/2006 3,380Royal Ahold ADR AHO 08/31/2004 4,032Royal Bank Of Scotland ADR RBSPF 11/14/2007 3,810Royal Bank Scotland ADR RBS 04/06/2005 230S K Telecom Ltd ADR SKM 12/20/2005 2,070Sanofi Aventis ADR SNY 02/28/2005 1,918Seiko Epson Corp ADR SEKEY 11/01/2007 2,190Sony Corp ADR SNE 10/19/2005 190Stmicroelectronics STM 05/04/2005 1,560Sumitomo Mitsui Fin ADR SMFJY 05/01/2007 7,250Swiss Reinsurance ADR SWCEY 07/14/2006 430Swisscom Ag ADR SCM 10/21/2003 1,390T D K Corporation ADR TDK 03/07/2007 530Telecom Corp New Zealand ADR NZT 12/30/2003 469Telecom Italiz Spa Sp ADR TI 11/23/2005 2,745Telefon De Mex L ADR TMX 05/21/2004 580Telefonica S A Sponsored ADR (Spain) TEF 11/11/2005 303Thomson ADR TMS 07/07/2006 1,900Toppan Printing ADR TONPY 03/07/2007 470Tyco Electronics TEL 03/20/2006 292Unilever N V Ny Shs Newf UN 09/22/2004 1,440Unilever Plc ADR New UL 11/24/2004 190Wm Morrison Supermarket MRWSF 09/09/2004 8,480Wolters Kluwer Spon ADR WTKWY 05/21/2004 755

$66,681.43 $116.985 $55,512.64 $97.391$70,240.36 $11.707 $57,300.00 $9.550$49,063.88 $5.007 $45,177.02 $4.610$24,851.90 $20.884 $22,861.57 $19.211$23,215.09 $74.887 $35,596.90 $114.829$79,553.93 $22.537 $87,049.80 $24.660$46,030.11 $27.108 $25,622.82 $15.090$30,304.23 $11.020 $35,805.00 $13.020$63,237.76 $18 709 $42,054 97 $12.442$42,409.48 $10.518 $56,179.47 $13 933$35,421.21 $9.297 $33,673.92 $8.838$22,816.46 S99202 $2,058 50 $8.950$46,134.60 $22.287 $61,768.80 $29.840$81,527.61 $42.507 $87,326.54 $45.530$25,474.96 $11.632 $23,769.17 $10.854$6,302.19 $33.169 $10,317.00 $54.300

$24,573.84 $15.752 $22,308.00 $14.300$61,324.53 $8.459 $54,318.45 $7.492$33,918.68 $78. 881 $30,556.36 $71.061$44,298.37 $31.869 $54,267.96 $39.042$40,557.50 $76.524 $39,304.80 $74.160$9,207.19 $19.632 $7,790.09 $16.610

$77,996.31 528.414 $84,655.80 $30.840$9,677.50 $16.685 $21,367.20 $36.840

$13,902.03 $45.881 $29,569.77 $97.590$32,876.88 $17.304 $26,638.00 $14.020$24,160.26 $51.405 $23,118.17 $49.188$9,806.57 $33.584 $10,841.96 $37.130

$28,175.62 $19.566 $52,502.40 $36460$3,876.69 $20.404 $7,109.80 $37.420

$29,665.38 $3.498 $54,270.30 $6.400$13,484.65 $17.860 $24,814.66 $32.867

$2,401,466 .60 G) $2,479,340 54 'P

Tab e, 21 Ib

0 Bailey Family FoundationApril 11, 2008 FEIN #: 54-1850780 Page 3

2007 Part II Balance Sheet(c) Fair Market ValueSchedule L - 3 Pg. 3 of 16




Cash and Money FundsSchwab Money Market Fund MMF $17,315.76 $17,315.76

X2,41$;18 36 ' $2;496,756.30

n

Bailey Family Foundation 71392638 KB-ACG Funding

Mutual FundsEuro Pac Growth Fund AEGFX 05/03/2006 5,895.048 $277,613.03 $47.093 $298,584.18 $50.650Lazard Emerging Markets LZEMX 05/03/2006 20,627.235 $439,549.75 $21.309 $492,578.37 $23.880Oppenheimer Developing ODMAX 03/06/2006 7,257.87 $317,833.67 $43.792 $353,095.38 $48.650Oppenheimer International OSMAX 05/02/2006 61,488.15 $1,823,217.09 $29.652 $1,657,105.64 $26.950

$2,858,213.540 $2,801,363.57 'D

Unit TrustsiShares MSCI Emerging Market Fund EEM 03/08/2005 3,738 $277,770.08 $74.310 $561,821.40 $150.300Par 0.00iShares Russell MidCap IWR 02/01/2007 5,405 $560,724.65 $103.742 $559,633.70 $103.540Par 0.00iShares S&P 100 Index OEF 08/31/2007 2,833 $195,360.31 $68.959 $194,910.40 $68.800Par 0.00

$1,033,855.04) $1,316,365.50 11

Cash and Money FundsSchwab Money Market Fund MMF $10,643.87(1 $10,643.87

,. ,. - :• 93:902,712.45 $4,128;372-.94

Bailey Family Foundation 91522419 KB-ACG Foothills

EquitiesA F L A C Inc AFL 06/09/2006 1,310 $61,974.92 $47.309 $82,045.30 $62.630

Aetna Inc New AET 09/04/2007 675 $34,468.88 $51.065 $38,967.75 $57.730

American Intl Group Inc AIG 05/10/2007 970 $69,647.07 $71.801 $56,551.00 $58.300

' Bailey Family Foundation

April 11, 2008 FEIN #: 54-1850780 Page 42007 Part II Balance Sheet(c) Fair Market ValueSchedule L - 3 Pg. 4 of 16




EquitiesAnadarko Petroleum Corp APC 02/02/2005 705Auto Data Processing ADP 01/30/2007 705Chubb Corporation CB 06/04/2004 1,570Citigroup Inc C 05/17/2005 685Conocophillips COP 02/02/2005 540CVS/Caremark CVS 03/18/2005 1,970Factset Research Systems FDS 10/19/2005 530General Dynamics Corp GD 02/02/2005 890General Electric Company GE 01/05/2005 1,770International Business Machines IBM 01/31/2007 340Johnson & Johnson JNJ 05/17/2005 1,050Johnson Controls JCI 02/02/2005 1,005Medtronic Inc MDT 02/08/2006 645Microsoft Corp MSFT 11/28/2007 990O'reilly Automotive Inc ORLY 09/19/2007 1,020Oshkosh Truck Corp OSK 07/25/2007 560Qualcomm Inc QCOM 10/26/2006 1,765Smith International Inc SII 04/11/2007 670Stryker Corp SYK 01/03/2007 985Sysco Corporation SYY 02/16/2007 1,970Teva Pharm Inds Ltd Adrf TEVA 12/12/2007 790

Torchmark Corporation TMK 01/25/2005 770United Technologies Corp UTX 05/28/2004 1,250Unitedhealth Group Inc UNH 01/05/2005 1,325Wachovia Corp New WB 01/25/2005 1,240

Unit TrustsiShares MSCI EAFE Fund EFA 09/24/2007 875Par 0.00Vanguard Emerging Market VWO 10/11/2007 327

Par 0.00

$23,836.05$30,154.44$60,365.30$32,147.05$25,644.60$51,811.00$17,1162.59$46,624.30

S63,918.00

$33,463.92

$70,399.60$20,002.85

$35,539.50$33,1153.52$36,289.25$32,168.02$65,630.82$33,977.17$58,457.73$68,506.55$35,757.45$42,383.60$62,626.15$60,061.55

$66,419.10

$33.810 $46,311.45$42.772 $31,393.65$38.449 $85,690.60$46.930 $20,166 40$47.490 $47,682.00$26.300 $78,307.50$33.703 $29,521.00$52.387 $79,201.10$36.112 $65,613.90$98.423 $36,754.00$67.047 $70,035.00$19.903 $36,220.20$55.100 $32,424.15$33.488 $35,244.00$35.578 $33,078.60$57.443 $26,465.60$37.185 $69,452.75$50.712 $49,479.50$59.348 $73,599.20$34.775 $61,483.70$45.263 $36,719.20$55.044 $46,608.10

$50.101 $95,675.00$45.329 $77,115.00$53.564 $47,157.20

$65.690$44.530$54.580$29.440

$88.300$39.750$55.700$88.990$37.070

$108.100

$66.700$36.040$50.270535.600$32.430$47.260$39.350$73.850$74.720$31.210$46.480$60.530$76.540$58.200$38.030

T46t, q ot

$1,273,2 90.98

$70,971.25

$36,261.39

$107,232 .64 ti:)

10

$1,488,962.85 G

$81.110 $68,687.50 $78.500

$110.891 $34 , 106.10 $104.300

$102,793.60 CLI







4 ., •, z - -=- ,;;•r,•-.,.-' i"' ^'.•;L., w:' ^. 2 ~^ •^f^.-^^^_i '' ,-i^ d,;ii,l; '^. ^^^^5;841:53~ •`"- 1 `l.-^ rr• -••r-• ---,

Bailey Family Foundation 21794746 KB-ACG O'Shaughnessy

Equities1st Consulting Group FCGI 02/05/2007 2,206 $29,208.98 $13.241 $28,523.58 $12.930Amerigroup Corp AGP 02/05/2007 783 $29,049.30 $37.100 $28,540.35 $36.450Amerisafe AMSF 02/05/2007 1,696 $29,238.19 $17.239 $26,304.96 $15.510Amkor Technology Inc AMKR 02/05/2007 2,561 $29,195.14 $11.400 $21,845.33 $8.530Azz Incorporated AZZ 02/05/2007 1,430 $29,242.64 $20.449 $40,540.50 $28.350Belden CDT BDC 02/05/2007 653 $29,123.54 $44.600 $29,058.50 $44.500Cal Maine Foods CALM 02/05/2007 2,385 $29,954.17 $12.559 $63,274.05 526.530Calumet Specialty Products Partners CLMT 02/05/2007 653 $29,294.89 (e) $44.862 $24,180.59(T $37 030Cenveo CVO 02/05/2007 1,212 $29,122.54 $24.028 $21,173.64 $17.470Charter One Financial CF 02/05/2007 920 $29,154.71 $31.690 $101,255.20 $110.060Clean Harbors Inc CLHB 02/05/2007 540 $29,103.84 $53.896 $27,918.00 $51.700Emergency Medical Services EMS 02/05/2007 1,134 $29,393.96 $25.921 $33,203.52 $29.280Exide Technologies RIDE 02/05/2007 4,944 $35,330 01 $7.146 $39,552.00 $8.000FTD Group FTD 02/05/2007 1,567 $29,238.18 $18.659 $20,182.96 $12.880G III Apparel Group GM 02/05/2007 1,290 $29,532.10 $22.893 $19,053.30 $14.770GenTek GETI 02/05/2007 769 $29,222.69 $38.001 $22,508.63 $29.270Geo Group GEO 02/05/2007 1,344 $29,105.06 $21.656 $37,632.00 $28.000Gilat Satellite Networks GILT 02/05/2007 3,042 $29,263.43 $9.620 $31,302.18 $10.290Horizon Lines HRZ 02/05/2007 975 $29,162.15 $29.910 $18,174.00 $18.640Ingles Markets IMKTA 02/05/2007 729 $29,086.30 $39.899 $18,509.31 $25.390Landec LNDC 02/05/2007 2,383 $29,191.75 $12.250 $31,932.20 $13.400Loral Space & Communication LORL 02/05/2007 618 $29,279.60 $47.378 $21,166.50 $34.250

M & F Worldwide MFW 02/05/2007 807 $29,178.46 $36.157 $43,456.95 $53.850Markwest Hydrocarbon MWP 02/05/2007 581 $29,137.15 $50.150 $36,399.65 $62.650

Matrix Service MTRX 02/05/2007 1,534 $29,144.62 $18.999 $33,471.88 $21.820

Movado Group MOV 02/05/2007 981 $29,210.16 $29.776 $24,809.49 $25.290

P C Connection PCCC 02/05/2007 1,657 $29,275.38 $17.668 $18,806.95 $11.350Partners Communications Company PTNR 02/05/2007 2,141 $29,117.60 $13.600 $47,273.28 $22.080

Powell Industries POWL 02/05/2007 877 $29,418.61 $33.545 $38,649 39 $44.070


2007 Part 11 Balance Sheet(c) Fair Market Value





EquitiesProcentury Corporation PROS 02/05/2007 1,456 $29,249.12 $20.020 $22,349.60 $15.350Robbins & Meyers RBN 02/05/2007 668 $29,084.65 $43.540 $50,520.84 $75.630Rock-Tenn Co RKT 02/05/2007 876 $29,162.04 $33.290 $22,259.16 $25.410Sauer Danfoss SHS 02/05/2007 792 $29,259.89 $36.944 $19,839.60 $25.050Skechers USA A SKX 02/05/2007 800 $29,167.60 $36.460 $15,608.00 $19.510Spartan Motors SPAR 02/05/2007 2,559 $29,052.84 $11.353 $19,550.76 $7.640Standard Parking STAN 02/05/2007 776 $29,149.74 $37.564 $37,628.24 $48.490Systemax SYX 02/05/2007 1,202 $29,592.76 $24.620 $24,424.64 $20.320Tredegar Corporation TG 02/05/2007 1,255 $29,258.69 $23.314 $20,180.40 $16.080Universal Stain & Alloy USAP 02/05/2007 652 $29,060.29 $44.571 $23,191.64 $35.570

User-Defined - InueS P.ri4Copano Energy CPNO 02/05/2007

Cash and Money FundsSchwab Money Market Fund MMF

Bailey Family Foundation 21785746 KB-ACG Transamerica

EquitiesAllergan IncAmerican Express CompanyAmerican Intl Group IncAmeriprise FinancialApple ComputerAT&TBoeing Co

Caterpillar Inc

Chicago Mercantile Exchange

DaimlerChrysler AGEcolab Inc

I,tl^;^^^^ i,^BoAî Ig L)

888 $29,2.37.40 0i $32.925 $32,278 .80@]) $36.350

$204,417 . 75 U $204,417.75

41f,"D11";

AGN 02/02/2005 978 $37,887 . 72 $38 . 740 $62,826 . 72 $64.240AXP 08/24/2005 1,365 $67,065 . 01 $49.132 $71,007 . 30 $52.020AIG 05/03/2007 1,229 $84, 371.84 $68 . 651 $71,650 . 70 $58.300AMP 08/24/2005 1,413 $55,312.77 $39.146 $77,870 .43 $55.110AAPL 08/03 /2005 1,154 $62, 228.48 $53.924 $228,584.32 $ 198.080T 03/28/2007 1,508 $60,095.28 $39. 851 $62 ,672.48 $41.560

BA 07/ 11/2007 686 $67,821 . 17 $98.865 $59 , 997.56 $87.460CAT 08/ 10/2005 1 , 030 $56,557.30 $54 .910 $74,736.80 $72.560

CME 01 /31/2005 258 $50,530.20 $195.853 $176 ,988.00 $686.000

DCX 07/ 1112007 889 $81,339.67 $91.496 $85,015.07 $95.630

ECL 12/05/2007 594 $29,750 . 94 $50 .086 $30,418.74 $51.210

0 Bailey Family FoundationApril 11, Zoos FEIN #: 54-1850780 Page 7

2007 Part II Balance Sheet(c ) Fair Market ValueSchedule L - 3 Pg. 7 of 16



Bailey Family Foundation 21785746 KB-ACG Transamerica

EquitiesElectronic Arts ERTS 05/03/2007 1,616 $85,040.21 $52.624 $94,390.56 $58.410Expeditors International of Washington EXPD 02/02/2005 1,806 $51,082.71 $28.285 $80,692.08 $44.680General Electric Company GE 08/10/2005 2,428 $84,989.64 $35.004 $90,005.96 $37.070Gilead Sciences Inc GILD 05/03/2007 1,760 $76,727.76 $43.595 $80,977.60 $46.010Google Inc Class A GOOG 07/12/2006 199 $114,193.36 $573.836 $137,604.52 $691.480Jacobs Engineering Group JEC 06/29/2005 1,770 $64,549.22 $36.468 $169,229.70 $95.610Johnson Controls JCI 07/16/2007 2,480 $95,846.77 $38.648 $89,379.20 $36.040Mcgraw-Hill Cos MHP 08/24/2005 2,286 $117,400.21 $51.356 $100,149.66 $43.810Metro Goldwyn Mayer Inc. MGM 02/02/2005 820 $43,277.55 $52.778 $68,896.40 $84.020Microsoft Corp MSFT 02/02/2005 1,952 $51,589.41 $26.429 $69,491.20 $35.600Nordstrom Inc JWN 08/01/2006 1,565 $53,375.44 $34.106 $57,482.45 $36.730Paccar Inc PCAR 05/03/2007 1,573 $92,476.29 $58.790 $85,697.04 $54.480Praxair Inc PX 01/31/2005 1,613 $69,863.60 $43.313 $143,089.23 $88.710Qualcomm Inc QCOM 02/02/2005 1,487 $54,367.70 $36.562 $58,513.45 $39.350Raytheon Company New RTN 09/19/2007 1,179 $73,880.90 $62.664 $71,565.30 $60.700Research In Motion Ltd RIMM 11/17/2006 1,016 $52,618.68 $51.790 $115,214.40 $113.400Schlumberger Ltd SLB 08/03/2005 712 $31,603.72 $44.387 $70,039.44 $98.370Sigma-Aldrich SIAL 12/11/2007 557 $29,870.46 $53.627 $30,412 20 $54.600State Street Corp STT 08/15/2007 1,121 $71,335.78 $63.636 $91,025.20 $81.200Tyco Electronics TEL 07/06/2007 2,400 $90,795.71 $37.832 $89,112.00 $37.130Varian Medical Systems VAR 02/06/2007 1,203 $58,524.83 $48.649 $62,748.48 $52.160

$2,116,370 33 ( $2,857,484.19 !,

Cash and Money FundsSchwab Money Market Fund MMF $107,692 .94 Q $107,692.94

- -- mss- ...' • :'i: „r ;d ^' 92;224,01)x.27

Bailey Family Foundation 61537207 KB-ACG JP Morgan

EquitiesAffiliated Managers Grp AMG 04/09/2007 45 $5,074.98 $112.777

Albemarle Corporation ALB 06/03/2005 310 $7,081.43 $22.843

Alliant Techsystems Inc ATK 02/13/2007 100 $9,767.74 $97.677

' $2,96 ,177:13 T`' ' ,

$5,285.70 $117.460$12,787.50 $41.250

$11,376.00 $113.760

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0 Bailey Family FoundationApril 11, 2008 FEIN #: 54- 1850780 Page 8





EquitiesAmerican Electric Power AEP 09/21/2005 380 $16,093.24 $42.351 $17,692.80 546.560Ametek Inc New AME 06/03/2005 222 $6,028.82 $27.157 $10,398.48 $46.840Amphenol Corp CIA APH 10/20/2005 185 $3,686.62 $19.928 $8,578.45 546.370Arrow Electrs Incorporated ARW 09/29/2006 330 $10,348.55 $31.359 $12,962.40 $39.280Assurant AIZ 06/03/2005 300 $11,532.50 $38.442 $20,070.00 $66.900AutoNation Inc AN 06/03/2005 393 $7,845.51 $19.963 $6,154.38 $15.660Autozone Inc AZO 06/03/2005 100 $9,225.00 $92.250 $11,991.00 $119.910Ball Corporation BLL 06/03/2005 265 $10,125.35 $38.209 $11,925.00 $45.000Berkley W R Corporation BER 10/20/2006 325 $11,255.44 $34.632 $9,688.25 $29.810Brookfield Properties BPO 06/03/2005 442 $8,602.67 $19.463 $8,508.50 $19.250Brown Forman Corp Cl B BFB 11/06/2006 255 $17,346.22 $68.024 $18,898.05 $74.110Burger King Holdings BKC 02/22/2007 265 $6,197.39 $23.386 $7,555.15 $28.510Cablevision Systems CVC 01/04/2006 360 $9,749.76 $27.083 $8,820.00 $24.500Carlisle Companies Inc CSL 06/03/2005 240 $8,340.00 $34.750 $8,887.20 $37.030Carpenter Technology CRS 10/18/2007 40 $2,530.85 $63.271 $3,006.80 $75.170Centurytel Inc CTL 06/03/2005 185 $6,107.10 $33.011 $7,670.10 $41.460Cincinnati Financial Cp CINF 06/03/2005 480 $19,674.00 $40.988 $18,979.20 $39.540Clear Channel Communications CCU 03/01/2006 220 $7,325.94 $33.300 $7,594.40 $34.520Clear Channel Outdoor Holdings CCO 01/04/2006 225 $4,851.79 $21.564 $6,223.50 $27.660Clorox Company CLX 06/03/2005 170 $9,518.90 $55.994 $11,078.90 $65.170CMS Energy CMS 06/27/2007 725 $12,451.52 $17.175 $12,600.50 $17.380Columbia Sportswear Co COLM 06/03/2005 180 $8,204.31 $45.580 $7,936.20 $44.090Community Health Systems CYH 01/25/2006 280 $9,870.79 $35.253 $10,320.80 $36.860Constellation Brand Cl A STZ 01/04/2006 305 $7,703.59 $25.258 $7,210.20 $23.640Coventry Health Care Inc CVH 06/03/2005 397 $18,952.19 $47.739 $23,522.25 $59.250Cullen Frost Bankers CFR 06/03/2005 145 $7,027.55 $48.466 $7,345.70 $50.660CVR Energy CVI 11/28/2007 110 $2,3155.00 $21.500 $2,743.40 $24.940Dean Foods DF 06/03/2005 145 $5,491.57 $37.873 $3,749.70 $25.860

Devon Energy Corp New DVN 06/03/2005 205 $10,418.85 $50.824 $18,226.55 $88.910

Dover Corporation DOV 07/20/2006 365 $17,393.11 $47.652 $16,822.85 $46.090

Energen Corporation EGN 06/03/2005 230 $7,554.70 $32.847 $14,772.90 $64.230

Everest Re Group RE 10/24/2006 120 $11,799.40 $98.328 $12,048.00 $100 400

Firstenergy Corp FE 01/04/2006 240 $13,344.00 $55.600 $17,361.60 $72.340

Forest City Enerprises FCEA 11/28/2006 35 $1,954.62 $55.846 $1,555.40 $44.440Fortune Brands Inc FO 06/03/2005 215 $16,837.59 $78.314 $15,557.40 $72.360Genuine Parts Co GPC 06/03/2005 335 $14,539.79 $43.402 $15,510.50 $46.300

^46t,

0 Bailey Family Foundation

April 11 , 2008 FEIN #: 54- 1850780 Page 9





EquitiesHelix Energy HELX 10/19/2006 245 $8,554.84 $34.918 $10,167.50 $41.500Henry Jack & Assoc Inc JKHY 11/01/2007 210 $5,647.94 $26.895 $5,111.40 $24.340Jarden Corp JAH 11/09/2006 205 $7,157.21 $34.913 $4,840.05 $23.610Kinder Morgan Management KMR 10/22/2007 101.769 $5,035.89 $49.484 $5,387.63 $52.940Lamar Advertising Co A LAMR 10/15/2007 75 $3,991.91 $53.225 $3,605.25 $48.070Legg Mason LM 06/01/2007 20 $2,032.60 $101.630 $1,463.00 $73.150Lincare Holdings Inc LNCR 06/26/2007 250 $9,578.35 $38.313 $8,790.00 $35.160M & T Bank Corporation MTB 06/03/2005 190 $19,960.09 $105.053 $15,498.30 $81.570Marriott International MAR 11/01/2007 200 $7,618.13 $38.091 $6,836.00 $34.180NCR Corp New NCR 10/13/2005 295 $5,477.23 $18.567 $7,404.50 $25.100Norfolk Southern Corporation NSC 12/02/2005 135 $6,287.20 $46.572 $6,809.40 $50.440

Northern Trust Corp NTRS 09/30/2005 100 $5,235.55 $52.356 $7,658.00 $76.580Old Republic International ORI 06/03/2005 988 $18,757.66 $18.985 $15,225.08 $15.410Omnicom Group Inc OMC 10/15/2007 125 $6,374.57 $50.997 $5,941.25 $47.530One Beacon Insurance OB 11/16/2006 365 $9,318.89 $25.531 $7,847.50 $21.500Oneok Inc New OKE 04/25/2007 160 $7,822.02 $48.888 $7,163.20 $44.770Oshkosh Truck Corp OSK 02/06/2007 220 $11,424.12 $51.928 $10,397.20 $47.260Owens Corning OC 05/18/2007 155 $5,511.25 $35.556 $3,134.10 $20.220P G & E Corp PCG 09/27/2005 360 $14,752.64 $40.980 $15,512.40 $43.090P P G Industries Inc PPG 06/03/2005 165 $10,605.75 $64.277 $11,587.95 $70.230Peoples United Financial PBCT 04/18/2007 575 $10,945.81 $19.036 $10,235.00 $17.800

Plum Creek Timber Co PCL 11/29/2006 125 $4,729.85 $37 839 $5,755.00 $46 040

Principal Financial Group PFG 06/03/2005 195 $9,757.09 $50.036 $13,423.80 $68.840

Questar Corporation STR 03/06/2006 185 $6,763.10 $36.557 $10,008 50 $54.100

Republic Services Inc RSG 06/03/2005 370 $9,338.32 $25.239 $11,599.50 531.350

Safeway Inc SWY 10/25/2007 230 $7,553.15 $32.840 $7,868.30 $34.210

Schein Henry Inc HSIC 02/22/2006 15 $700.95 $46.730 $921.00 $61.400

Sigma-Aldrich SIAL 11/07/2005 180 $6,050.72 $33.615 $9,828.00 $54.600

Staples Inc SPLS 06/12/2007 470 $11,167.80 $23.761 $10,842.90 $23.070

Supervalu SVU 08/17/2006 405 $13,467.11 $33.252 $15,195.60 $37.520

Synovus Financial Corp SNV 10/02/2006 960 $12,084.14 $12.588 $23,116.80 $24.080

T J X Cos Inc TJX 06/03/2005 450 $11,159.79 524.800 $12,928.50 $28.730

T. Rowe Price Group Inc TROW 06/03/2005 130 $5,512.67 542.405 $7,914 40 $60.880

Teekay Shipping Cp M I TK 01/25/2007 185 $9,434.32 $50.996 $9,843.85 $53.210

Telephone & Data Systems TDSS 06/03/2005 210 $8,378.50 $39.898 $12,096.00 $57.600

Tiffany & Co New TIF 05/02/2006 170 $5,499.59 $32.351 $7,825.10 $46.030

J ,PaO,G °I p^ ^b






EquitiesTotal Systems Services TSS 10/02/2006 464 $15,355.31 $33.093 $12,992 00 $28.000U G I Corporation New UGI 06/03/2005 300 $7,757.40 $25.858 $8,175.00 $27.250V F Corporation VFC 06/03/2005 200 S12,320.45 $61.602 $13,732.00 $68.660Vulcan Materials Co VMC 07/13/2006 75 $5,767.44 $76.899 $5,931.75 $79.090Wabco Holdings WBC 08/03/2007 155 $7,325.00 $47.258 $7,763.95 $50.090Warner Chilcott WCRX 09/28/2006 565 $8,338.91 $14.759 $10,017.45 $17.730Washington Post Co Cl B WPO 03/26/2007 14 $10,653.72 $760.980 $11,080.02 5791.430Westar Energy Inc WR 06/03/2005 455 $10,738.75 $23.602 $11,802.70 $25.940Western Union Company WU 08/14/2007 260 $4,982.02 $19.162 $6,312.80 $24.280William Wrigley Jr. WWY 06/18/2007 60 $3,330.42 $55.507 $3,513.00 $58.550Williams Companies WMB 01/31/2006 610 $14,831.60 $24.314 $21,825.80 $35.780Wilmington Trust WL 04/13/2006 225 $9,810.19 $43.601 $7,920.00 $35.200Windstream Corporation WIN 06/03/2005 844 $10,4172.49 $12.408 $10,988.88 $13.020Xcel Energy Inc XEL 02/08/2007 480 $11,4175.22 $23.907 $10,833.60 $22.570Zions Bancorp ZION 01/04/2006 65 $5,148.55 $79.208 $3,034.85 $46.690

$816,212.60 ( $909,121.47

User-Defined - Rf_aLLimited Brands 532SPC995 08/18/2005 340 $7,947.47 $23.375 $6,436.20 $18.930Public Storage PSA 05/21/2007 135 $10,678.06 $79.097 $9,910.35 $73.410Rayonier RYN 06/03/2005 287 $11,426.31 $39.813 $13,557.88 $47.240Vornado Realty Trust VNO 09/22/2005 80 $6,613.30 $82.666 $7,036.00 $87.950

$36,665.14 $36,940.43 (7)

Cash and Money FundsSchwab Money Market Fund MMF $41,121.51 CD $41,121.51

$87,1g341

'â9 ^, to 1 ^b

0 Bailey Family FoundationApril 11, 2008 FEIN #: 54- 1850780 Page 11




Bailey Family Foundation 11939696 1B-ACG Strategic Account

Mutual FundsDiamond Hill Long Short DIAMX 05/16/2006 31,178.106 $540,860.02 $17.347 $573,365.37 $18.390Rydex Dynamic S&P 500 H RYTNX 03/13/2007 11,726.706 $534,077.18 $45.544 $558,543.01 $47.630Rydex Sector Rotation RYSRX 05/12/2006 33,657.336 $487,488.84 $14.484 $533,805.35 $15.860

$1,562,426.04 U'^ $1,665,713.73 ,,

Unit TrustsiShares FTSE/Xinhua China 25 FXI 10/03/2007 1,693 $302,310.17 $178.565 $288,571.85 $170.450Par 0.00iShares MSCI Brazil Index EWZ 05/17/2007 2,816 $161,925.62 $57.502 $227,251.20 $80.700

Par 0.00iShares MSCI Germany EWG 05/17/2007 5,831 $191,003.48 $32.757 $206,650.64 $35.440

Par 0.00iShares MSCI Korea Index EWY 05/17/2007 2,149 $133,568.84 $62.154 $139,040.30 $64.700Par 0.00iShares S&P Global Materials MXI 10/03/2007 1,782 $141,657.57 $79.494 $138,193.92 $77.550

Par 0.00

$930,4465.68 $999,707.91

Cash and Money FundsSchwab Money Market Fund MMF $20,740.83 D $20,740.83

$2,686,142.47

Bailey Family Foundation 81133331 KB-ACG Munder

EquitiesAffiliated Managers Grp AMG 11/28/2006 190 $19,282.34 $101.486 $22,317.40 $117.460

Airgas ARG 11/28/2006 380 $15,963.80 $42.010 $19,801.80 $52.110

Akamai Technologies AKAM 11/28/2006 220 $10,385.54 $47.207 $7,612.00 $34.600

Ameritrade Hldg Corp New AMTD 11/28/2006 956 $16,837.42 $17612 $19,177.36 $20.060

Assurant AIZ 10/31/2007 216 $12,624.66 $58.448 $14,450 40 $66.900

Atlas America ATLS 10/24/2007 115 $6,094.80 $52.998 $6,805.70 $59.180

Axis Capital Holdings AXS 02/15/2007 480 $16,585.14 $34.552 $18,705.60 $38.970

-!J

Bailey Family FoundationoApril 11, 2008 FEIN #: 54-1850780 Page 12





EquitiesBelden CDT BDC 11/02/2007 275 $15,413.75 $56.050 $12,237.50 $44.500Biomarin Pharmaceutical BMIRN 07/31/2007 670 $13,491.72 $20.137 $23,718.00 $35.400Blackbaud BLKB 11/28/2006 630 $16,227.54 $25.758 $17,665.20 $28.040Blackrock Inc BLK 11/28/2006 71 $10,320.76 $145.363 $15,392.80 $216.800Carpenter Technology CRS 04/05/2007 220 $13,428.58 $61.039 $16,537.40 $75.170Central Euro Distributn CEDC 09/24/2007 286 $14,153.96 $49.489 $16,610.88 $58.080Chesapeake Energy Corp CHK 11/28/2006 410 $13,480.19 $32.879 $16,072.00 $39.200Chicago Mercantile Exchange CME 11/28/2006 24 $12,864.00 $536.000 $16,464.00 $686.000Cognizant Tech Sol CIA CTSH 11/28/2006 402 $15,781 91 $39.258 $13,643.88 $33.940Commscope Inc CTV 11/28/2006 450 $13,836.60 $30.748 $22,144.50 $49210Core Laboratories CLB 02/15/2007 65 $5,135.00 $79.000 $8,106.80 $124.720Corrections Corp of America CXW 05/21/2007 480 $14,639.90 $30.500 S14,164.80 $29.510Crown Castle International Corp CCI 11/28/2006 648 $24,631.57 $38.012 $26,956.80 $41.600Davita Inc DVA 11/28/2006 170 $8,839.83 $51.999 $9,579.50 $56.350Dicks Sporting Goods Inc DKS 11/28/2006 720 $19,180.08 $26.639 $19,987.20 $27.760Eaton Vance Cp Non Vtg EV 04/20/2007 299 $12,502.53 $41.814 $13,577.59 $45.410EmcorGroup EME 11/28/2006 400 $11,763.20 $29.408 $9,452.00 $23.630EntergyCorpNew ETR 11/28/2006 97 $9,021.39 $93.004 $11,593.44 $119.520Equitable Resources Inc EQT 11/28/2006 520 $22,374.56 $43.028 $27,705.60 $53.280Express Scripts Inc ESRX 04/20/2007 150 $6,639.00 $44 260 $10,950.00 $73.000FMC Corp New FMC 02/15/2007 396 $15,858.00 $40.045 $21,601.80 $54.550Fidelity National Information Services FIS 04/05/2007 190 $9,089.41 $47.839 $7,902.10 $41.590

Flowers Industries Inc FLO 11/28/2006 825 $14,682.80 517.797 $19,313.25 $23.410

FMC Technologies FTI 10/19/2007 300 $17,765.05 $59.217 $17,010.00 $56.700FormFactor FORM 11/28/2006 240 $8,649.60 $36.040 $7,944.00 $33.100

Gamestop Corporation GME 11/28/2006 450 $12,336.52 $27.414 $27,949.50 $62.110

General Cable Cp De New BGC 11/28/2006 375 $17,345.93 $46.256 $27,480.00 $73.280Gildan Activewear GIL 11/02/2007 285 $12,539.15 $43.997 $11,730.60 541.160HDFC Bank Limited ADR HDB 11/28/2006 170 $12,473.58 $73.374 $22,176.50 $130.450

Hologic HOLX 11/28/2006 370 $18,159.97 $49.081 $25,396.80 $68.640111-IS Inc. IHS 07/25/2007 240 $11,964.00 $49.850 $14,534.40 $60.560

Interface Inc Cl A IFSIA 11/07/2007 346 $6,159.18 $17.830 $5,646.72 $16.320Istar Financial Inc SFI 11/28/2006 210 $9,619.68 $45.808 $5,470.50 $26.050

ITC Holdings Corp ITC 11/28/2006 358 $14,3156.89 $40.131 $20,198.36 $56.420

Itron Inc New ITRI 01/10/2007 173 $10,998.39 $63.575 $16,602.81 $95.970

J2 Global Commun New JCOM 11/28/2006 620 S 17,129.60 $27.628 $13,125.40 $21.170

yI

C7

Tag,G 121 ib

0 Bailey Family Foundation

April 11 , 2008 FEIN #: 54-1850780Page 13





EquitiesJones Lang Lasalle Inc JLL 11/28/2006 150 $13,459.95 $89.733 $10,674.00 $71.160L-3 Communications Hldgs LLL 11/28/2006 274 $22,077.69 580.576 $29,027.56 $105.940Lab Cp Of Amer Hldg New LH 11/28/2006 180 $12,493.80 $69.410 $13,595.40 $75.530Lamar Advertising Co A LAMB 02/15/2007 162 $10,680.17 565.927 $7,787.34 $48.070LKQ LKQX 10/05/2007 946 $16,873.66 $17.837 $19,884.92 $21.020Logitech International SA ADR LOGI 02/15/2007 320 $9,289.12 $29.029 $11,724.80 $36.640Mcdermott Intl Inc MDR 11/28/2006 545 $13,491.47 $24.755 $32,171.35 $59.030Microchip Technology Inc MCHP 11/28/2006 260 $8,974.26 $34.516 $8,169.20 $31.420N I I Holdings Inc New NIHD 11/28/2006 120 $7,640.52 $63.671 $5,798.40 548.320Navteq Corporation NVT 11/28/2006 160 $5,428.80 $33.930 $12,096.00 $75.600New Oriental Education& Technology ADR EDU 12/07/2007 72 $6,163.92 $85.610 $5,802.48 $80.590Northeast Utilities NU 11/28/2006 754 $22,817.69 $30.262 $23,607.74 531.310Oil States International oIS 11/28/2006 230 $7,014.31 $30.497 $7,847.60 $34.120Oshkosh Truck Corp OSK 11/28/2006 430 $20,299.87 $47.209 $20,321.80 $47.260

Penn National Gaming PENN 11/28/2006 530 $20,230.10 $38.170 $31,561.50 $59.550Penske Automotive Group PAG 11/28/2006 430 $10,160.53 $23.629 $7,507.80 $17.460Polo Ralph Lauren Cl A RL 05/03/2007 125 $11,313.75 $90.510 $7,723.75 $61.790PraxairInc PX 11/28/2006 180 $11,152.53 $61.959 $15,967.80 $88.710Proassurance Corporation PRA 11/28/2006 280 $14,248.92 $50.889 $15,377.60 $54.920

Psychiatric Solution New PSYS 11/28/2006 250 $9,318.62 $37.274 $8,125.00 $32.500

ResMed RMD 11/28/2006 290 $14,418.22 $49.718 $15,233.70 $52.530Ritchie Brothers Auctioneers RBA 02/15/2007 60 $3,619.80 $60.330 $4,962.00 $82.700Service Corp Intl SCI 12/06/2006 658 $6,744.17 $10.249 $9,244.90 $14.050Sothebys Holdings BID 11/28/2006 310 $10,515.14 $33.920 $11,811.00 $38.100Stericycle SRCL 11/28/2006 385 $13,883.48 $36.061 $22,869.00 $59.400Superior Energy Services SPN 11/28/2006 420 $13,947.66 $33.209 $14,456.40 $34.420

Syngenta Ag ADR SYT 11/28/2006 210 $7,200.48 $34.288 $10,638.60 $50.660

Techne Corp Common TECH 11/28/2006 40 $2,160.00 $54.000 $2,642.00 $66.050

Tempur Pedic TPX 12/18/2007 450 $12,132.45 $26.961 $11,686.50 $25.970

Tiffany & Co New TIF 11/28/2006 270 $9,709.20 $35.960 $12,428.10 546.030

United Natural Foods UNFI 11/28/2006 365 $12,844.75 535.191 $11,577.80 $31.720

V C A Antech Inc WOOF 11/28/2006 590 $18,614.50 $31.550 $26,095.70 $44.230

Vasco Data Security International VDSI 08/16/2007 502 $13,351.22 $26.596 $14,015.84 $27.920

VeriFone Holdings PAY 10/19/2007 254 $11,774.81 $46.358 $5,905.50 $23.250

Vertex Pharmaceuticals VRTX 11/28/2006 120 $5,233.20 $43.610 $2,787.60 $23.230

Weatherford International WFT 11/28/2006 110 $4,591.23 $41.738 $7,546.00 $68.600

Tap 1^ ^ Ib




DescriptionOriginal

Symbol Trade DateCost

Quantity BasisUnitCost

CurrentValue

CurrentPrice


EquitiesWest Pharm Srvc Inc WST 12/ 18/2007 156 $5,974 . 02 $38 . 295 $6,332.04 $40.590Wright Express WXS 11/28/2006 500 $ 15,084 . 50 $30 . 169 $17,745 . 00 $35.490XTO Energy XTO 11/28 /2006 437 $16,752 . 31 $38.335 $22 ,444.32 $51.360

$1,032,328 . 34 $1,220,706 . 93

Cash and Money FundsSchwab Money Market Fund MMF $46,888 . 01 Q $46,888.01

$1,07 ., 11 5 _ .. 1,267,94,94 '- .,.


EquitiesAgilysis AGYS 04/24/2007 1,814 $40,453 . 47 $22.301 $27,427.68 $15.120Amerisafe AMSF 04/24/2007 2,094 $39,945.14 $19 .076 $32 , 477.94 $15.510Asbury Automotive Group ABG 04/24/2007 1,428 $40,097.24 $28 .079 $21,491.40 $ 15.050Blockbuster Inc CIA BBI 04/24/2007 6, 493 $40,117 . 00 $6.178 $25,322 . 70 $3.900Brasil Telecom ADR BTM 04/24/2007 2,263 $40,063 . 70 $17.704 $68 , 682.05 $30.350Brightpoint CELL 04/24/2007 2,985 $40, 375.11 $13.526 $45,849.60 $ 15.360Companhia Paranaense de Energia ELP 04/24/2007 3 , 113 $40,033.18 $12.860 $46,975 . 17 $15.090Core Mark Holding CORE 04/24/2007 1,095 $40,077.00 $36.600 $31,448.40 $28.720Cowen Group COWN 04/24/2007 2, 279 $40,110.40 $17.600 $21,673 . 29 59.510Delek US Holdings DK 04/24/2007 2, 088 $40, 188.78 $19.248 $42,240.24 $20.230Emergency Medical Services EMS 04/24/2007 1,251 $40 ,063.90 $32.025 $36,629 . 28 $29.280FirstService 33761N208 04/24/2007 277 $4,720 . 65 $17.042 $5,429.20 $19.600FirstService FSRV 04/24/2007 1,388 $35 , 554.57 $25.616 $42,375.64 $30.530Freds Inc Class A FRED 04/24/2007 2,807 $40, 269.22 $14.346 $27,031.41 $9.630Group I Automotive Inc GPI 04/24/2007 958 $40,072.18 $41 . 829 $22,752.50 $23.750Harleysville Group HGIC 04/24/2007 1,240 $40,152.56 $32.381 $43,871 . 20 $35.380Insight Enterprises Inc NSIT 04/24/2007 2,076 $40,187.21 $19.358 $37,866.24 $18.240Kelly Services Inc CIA KELYA 04/24/2007 1,357 $40,050.50 $29.514 $25,321 . 62 $18.660Midland Company MLAN 04/24/2007 899 $40,33 :5.79 $44 . 867 $58 , 156.31 $64.690Molina Healthcare Inc MOH 04/24/2007 1,184 $40,098.53 $33.867 $45,820 . 80 $38.700MWI Veterinary Supply MWIV 04/24/2007 1,080 $40,249.98 $37.269 $43 , 200.00 $40.000

4l

'â e9 l T °i 'k

0 Bailey Family FoundationApril 11 , 2008 FEIN #: 54-1850780 Page 15





Equities

Nu Horizons Electronics NUHC 04/24/2007 3,567 $40,404.48 $11.327 $24,790.65 $6.950P C Connection PCCC 04/24/2007 2,792 $40,194.47 $14.396 $31,689.20 $11.350P M A Capital Corp Cl A PMACA 04/24/2007 4,262 $40,647.55 $9.537 $35,033.64 $8.220Performance Food Group PFGC 04/24/2007 1,261 $40,259.95 $31.927 $33,883.07 $26.870Polyone POL 04/24/2007 6,430 $40,202.93 $6.252 $42,309.40 $6.580Potlatch Corporation PCH 04/24/2007 893 $40,047.03 $44.845 $39,684.92 $44.440Rehabcare Group Inc RHB 04/24/2007 2,387 $40,241.72 $16.859 $53,850.72 $22.560Rush Enterprises A RUSHA 04/24/2007 2,817 $40,296.62 $14.305 $51,213.06 518.180Safety Insurance Group SAFT 04/24/2007 976 $40,176.26 $41.164 $35,741.12 $36.620Scansource Inc SCSC 04/24/2007 1,338 $40,177.20 $30.028 $43,284.30 $32.350Southwest Gas Corporation SWX 04/24/2007 1,028 $40,005 .55 $38 .916 $30,603.56 $29.770Spartan Stores Inc SPTN 04/24/2007 1,517 $40,149.07 $26.466 $34,663.45 $22.850Spherion SFN 04/24/2007 4,388 $40,062.44 $9.130 $31,944.64 $7.280Stoneridge SRI 04/24/2007 3,433 $40,241.97 $11.722 $27,601.32 $8.040Superior Essex SPSX 04/24/2007 1,125 $40,211.55 $35.744 $27,000.00 $24.000Synnex Corporation SNX 04/24/2007 1,895 $40,027.90 $21.123 $37,142.00 $19.600Systemax SYX 04/24/2007 2,359 $40,123.52 $17.009 $47,934.88 $20.320World Fuel Services INT 04/24/2007 901 $40,049.45 $44.450 $26,156.03 $29.030

$1,526,735.77 $1,406,568.63

User-DefinedSunoco Logistics LP SXL 04/24/2007 667 $40,142.73 $60.184 $33,470.06 $50.180


c' . 79 $19,431,748.17.

Bailey Family FoundationApril 11, 2008 FEIN #: 54-1850780 Page 16




$17,787,233.79 $19,431,748.17 (mom

C0*1L IS ^1Y^ )f -Ctj UYIQ)i,^ CL E 87G, C 8 I^

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Any benchmark returns used in this report are calculated using data provided by Morningstar Principia Pro Performance reports do not include any holdings where a daily closing price is not

available ACG receives daily account information from your account custodian No representation is made as to the accuracy ofthe data receivedfrom the account custodian Cost basis is

tracked internally when an account isfunded with cash To the extent that an account isfunded with securities, it is the responsibility ofthe client to provide ACG with cost basis. Ifcost basis is not

supplied, the closing market value ofthe security on the first day that ACG receives a closing price download will be used as the cost basis. The first in first out method ofcalculating gains and

losses is used with all transactions involved in the sell ofsecurities.

Please contact us ifyour investment objectives have changed or rfpersonal orfinancial information initially provided in your application has changed

11

Ta9e, lb 1 10

0 Bailey Family FoundationFEIN #: 54- 1850780

c&r _SCH' ' •2007 Part II Balance Sheet

. ' (c) Fair Market Valuet Schedule L - 4 Pg . I of 3 Cuetolltal bnttbhbkM9e eet to a provided by CUenee Seftweb

-------- --- -

A Ce4tna MembarStPC.

'Schwab- One® Account : ; , lfage ate ,

Account of BAILEY FAMILY FOUNDATION, INC. Statement Period : December 1, 2007 through December 31, 2007Account Number: 9148-1117

Portfolio Composition Change in Account Value

Amount % This Period Year to Date

Cash & Money Market Funds (MMFs): 12101107 to 12131107 01/01/07 to 12131107Money Market Fund (Sweep) $ 113,691.83 4% Starting Account Value $ 2,777,124.18 $ 2,781,932.97

Bond Funds 387,148.12 15%Deposits $ 0.00 $ 0.00

Equity FundsTotal Account Value

2,089 723.23 81%

18 100%I X90 563Withdrawals (154,996.32) (260,564.07) -_

. . Investments Received-In 0.00 0.00

Investments Delivered-Out 0.00 0.00

Fees & Charges (25.00) (18,657.00)?=

Other Credits/Debits 0.00 0.00

Total Contributions/(Withdrawals ) I $ (155,02132) $ (279,221.07)

Dividends $17,055.30 $ 59,763.29

Interest and Misc. Income 0.00 0.00

Capital Gain Distributions 93,687.50 93,687.50

Income Reinvested (268.79) (3,249.59)

Change in Value of Investments $ (142,013 .69) $ (62,349.92) -_

Ending Account Value $ 2,590,563.18 $ 2,590,563,181

Portfolio Composition

Equity Funds 81% MMFs (Sweep) 4%Bond Funds 15%

Noted for Your Account

Income during this period was $110,742.80 c

N

!k'VAEGIS' V1keth Meant wtLLC

CSCA2008-0O5 112 1152618

Schwab Insotutlonata is a division of Charles Schwab & Co , Inc . (-Schwab-) and provides back-office brokerage and related services to investment advisors and retirement plan providers. This statement Is furnished solely for your account

at Schwab. 'Except as noted In this statement 's Terms and Conditions, Investment advisors or retirement plan providers whose names appear In this statement tire not affiliated with Schwab Please see Terms and Conditions

0 Bailey Family FoundationFEIN #: 54-1850780

^^ 2007 Part II Balance Sheet

„ S*CHI^•ItsWAB (c) Fair Market Value

Schedule L - 4 Pg . 2 of 3 oustotltet and tirolterage sarAcas provtded by manse srliweb 6 cn.,tno. MemberSroc,

Schwab dtt& Account Page z of 8

(1^

Account of BAILEY FAMILY FOUNDATION, INC. Statement Period : December 1, 2007 through December 31, 2007

Account Number: 9148-1117

Investment Detail

Cash and Money Market Funds (Sweep)

Quote Quantity Total

Description Symbol Long/Short Latest Price Market Value

SCHWAB MONEY MARKET FUND SWMXX 113,691.8300 L $ 1 $ 113,691.83

Total Market Value of Cash and Money Market Funds (Sweep) E $113,691.83

Investment HoldinBond Funds

DFA FIVE YEAR GLOBAL DFGBX 9,256.1400 L/

$ 10.7100 $ 99,133.260

FIXED INCOME PORTFOLIO

6 260 L 10 3300 103 888 050DFA FIVE YEAR GOVT PORT .9 'DFFGX 10,05 . , .

2(.0

9 ( ) N'DFA ONE YEAR FIXED DFIHX 8,349.7050 L 10.1700 ,84,916.500

INCOME PORTFOLIO

DFA TWO YEAR GLOBAL DFGFX 9,660.2050 L j 10.2700 99,210.31


Total Market Value of Bond Funds C $ 387, 148.12

Equity Funds

DFA EMERGING MKTS PORT DFEMX 6,185 .8790 L,/ $ 33.5300 $ 207,412.52

DFA INTL SMALL CAP VALUE DISVX 5,595 .7870 L j 19.5600 109,453.59

PORTFOLIO

DFA INTL SMALL COMPANY DFISX 5,437.8140 L,/ 18 . 8000 102,230.90

PORTFOLIO FUND

N(L 2 et 3CSCA2008-005112 1152619

Schwab Insttt Ulonal® Is a dMslon of Charles Schwab & Co, Inc rSchwabj and provides back -office brokerage and related services to investment advisors and retirement plan providers . This statement Is fu nished solely for your account

at Schwab. 'Except as noted In this statement's Terms and Conditions , Investment advisors or retirement plan providers whose names appear In this statement are not affiliated with Schwab Please see Tenor and Conditions

0 Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet .

c&r SCHWAB(c) Fair Market Value` L Schedule L - 4 Pg. 3 of 3 Custotltal rnd brokerage sewroes proMded by Chatles Sobvveb A co., trit- Methbsr $fPC.

--------- - ------ - ------ ----------- -- - ------ - ------- ---- ---- ----

Schwab Ones Account Page 3 of 8

Account of BAILEY FAMILY FOUNDATION, INC. Statement Period: December 1, 2007 through December 31, 2007


Investment Detail (continued)

Investment Holdings


Description Symbol LonglShort Latest Price Market Value

DFA INTL VALUE PORTFOLIO DFIVX 8,808.5040 L V $ 24.3200 $ 214,222.82©

DFA REAL ESTATE DFREX 7,852.1940 LV 23.4200 183,898.38@)

SECURITIES PORTFOLIO

DFA U.S. LARGE CAP VALUE DFLVX 18,207.1910 L 23.2000 422,406.83

PORTFOLIO

DFA U.S. SMALL CAP PORT DFSTX 10,746.0030 L 19.3700 208, 150.08

DFA U.S. SMALL CAP VALUE DFSVX 8,483.4380 L 23.8400 202,245.16

PORTFOLIO

DFA US LARGE CO PORT DFLCX 10,220.8960 L 43.0200 439,702.95

089 723.23 k/E $ 2Total Market Value of Equity Funds , ,

Total Account Value $ 2,590,563.18

G)

^q?- 3 of 3

tJO

ci

.yo5, 825

fSCA20D8-005112 1152620Schwab Institutlonal® Is a division of Charles Schwab & Co., Inc. ('Schwab) and provides back-office brokerage and related services to investment advisors and retirement plan providers This statement Is furnished solely for your account

at Schwab, 'Except as noted In this statements Terms and Conditions. i nestment advisors or retirement plan providers whose names appear In this statement are not affiliated with Schwab Please see Terms and Conditions


^^^^^,^^ 2007 Part II Balance Sheet

INSTWAt (c) Fair Market ValueSchedule L - 5 Pg. 1 of 3 Cwodistt,ndbrokerageeeMdesprovidedbyChatlasSchwabACo., nc. MemberSIPC.

Schwab Ones Account Page 1 of S

0

Account of BAILEY FAMILY FOUNDATION


Amount %

Cash & Money Market Funds (MMFs):

Money Market Fund (Sweep)

Bond Funds

Equity FundsTotal Account Value

$ 150.047.85 C-&Q 5%

430,657.71 15%

2,259,040. 68 80%

$ 2,839,746.24 100%

C-6ct


Equity Funds 80% MMFs (Sweep) 5%

-(:!! 7

Bond Funds 15%

Statement Period : December 1, 2007 through December 31, 2007Account Number: 6195-6941

Change in Account Value

This Period Year to Date

12101107 to 12131107 01/01/07 to 12131107

Starting Account Value $ 2,874,057.94 $ 2,768,059.84

Deposits $ 0.00 $ 0.00

Withdrawals 0.00 0.00

Investments Received-In 0.00 0.00

Investments Delivered-Out 0.00 0.00

Fees & Charges 0.00 (18,904:9 Uo-^

Other Credits/Debits 0.00 0.00

Total Contributions /(Withdrawals) $ 0.00 $ (18 904.00

Dividends $19,327.08 $ 65,276.34

Interest and Misc . Income 0.00 0.00

Capital Gain Distributions 94,513.44 94,513.44

Income Reinvested (365.80) (4,928.76)

Change in Value of Investments $ (147,786.42) $ (64,270.62)

Ending Account Value $2,839,746.2 $ 2,839,746.24

Noted for Your Account

Income during this period was $113,840.52

Vi

N

w

TC^f

S

to% 3 YÎAEGISW VIt,f ,e tLLCCSCA200&OO5112 1152610

-^- Schwab InstlhMonal a is a division of Charles Schwab & Co, Inc rSchwabl and provides back-office brokerage and related services to Investment advisors and retirement plan providers This statement Is furnished solely for your account

at Schwab -Except as noted In this statement's Terms and Conditions, Investment advisors or retirement plan providers whose names appear In this statement are not affiliated with Schwab Please see Terms and conditions

0 Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet .

c&rl&sc}rw B (c) Fair Market ValueIST NAL Schedule L - 5 Pg . 2 of 3 Cuatotllal and Lrok.t a aau teas pfo $datf y Chailea Schwab A Co., tnc. MemberSIPC.

------------

Schwab' Ong Account Page a of 6

Account of BAILEY FAMILY FOUNDATION

10,441.7760 L\/

12,005.9110 LV

8,101.3870 L,/

10,945.8730 L,,

Investment Detail

Cash and Money Market Funds (Sweep)


Description Symbol Long/Short Latest Price Market Value

SCHWAB MONEY MARKET FUND SWMXX 150,047.8500 L $ 1 $ 150,047.85

Total Market Value of Cash and Money Market Funds (Sweep)

Statement Period: December 1, 2007 through December 31, 2007


E $ 150,047.85

Investment HoldingsBond Funds

DFA FIVE YEAR GLOBAL DFGBX


DFA FIVE YEAR GOVT PORT DFFGX

DFA ONE YEAR FIXED DFIHX

INCOME PORTFOLIO

DFA TWO YEAR GLOBAL DFGFX


Total Market Value of Bond Funds

Equity Funds

DFA EMERGING MARKETS DFEVX

VALUE PORTFOLIO

DFA INTL SMALL CAP VALUE DISVX

PORTFOLIO

DFA INTL SMALL COMPANY DFISX

PORTFOLIO FUND

$ 10.7100 $ 111,831.42

10.3300

10.1700

124,021.06 Q

82,391.11

112,414.12 _

$ 430,657.71

10.2700

5,436.6340 L,/ $ 44.4900

5,007.6300 L,/ 19.5600

5,524.0250 L.1 18.8000

Tate 2 13

$ 241,875.85

97,949.24

103,851.67 -

CSCA2008-005112 1152611

Schwab Instttutional® Is a division of Charles Schwab & Co. Inc rschwabl and provides back-olflee brokerage and related services to Investment advisors and retirement plan providers This statement Is furnished solely for your account

at Schwab, 'Except as noted In this statements Terms and Conditions. Investment advisors or retirement plan providers whose names appear In this statement are not affiliated with Schwab Please see Terms and Conditions

n Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet

i^hdrksSCHWAB (c) Fair Market ValueINSTmvTIONAI4 Schedule L - 5 Pg. of 3g• Cuetetltal And ixoketage seMeae provtdaa by Cbariee Schwab a Ca,ina Member SIPC.

Schwab Ones Account Page 3 of 6

Account of BAILEY FAMILY FOUNDATION Statement Period: December 1, 2007 through December 31, 2007


Investment Detail (continued)

Investment Holdings

Quote Quantity TotalDescription Symbol Long/Short Latest Price Market Value

DFA INTL VALUE PORTFOLIO DFIVX 9,836 .3590 L $ 24.3200 $ 239,220.25 U

DFA REAL ESTATE DFREX 8,497.8120 L 23.4200 199,018.76

SECURITIES PORTFOLIO

DFA U.S. LARGE CAP VALUE DFLVX 19,674.8830 L 23.2000 456,457.29 iJPORTFOLIO

DFA U.S. SMALL CAP PORT DFSTX 11,514.7490 L 19.3700 223,040.69

DFA U.S. SMALL CAP VALUE DFSVX 8,829.1470 L 23.8400 210,486.86

PORTFOLIO

DFA US LARGE CO PORT DFLCX 11,323.5720 L , 43.0200 487,140.07

Total Market Value of Equity Funds E $ 2,259,040.68

Total Account Value $ 2,839,746.24

C)

8

a

p s 0$TW

09 O(,O , 022

CSCA2008-M 112 1152612

Schwab Ins1Mlonsi Is a division of Charles Schwab & Co. Inc ('Schwab') and provides backoffee brokerage and related services to Investment advisors and retirement plan providers This statement Is furnished solely for your account

at Schwab -Except as noted In this statement's Terms and Conditions, investment advisors or retirement plan providers whose names appear In this statement are not affiliated with Schwab Please see Terms and Conditions

EEO Bailey Family Foundation

11, ' 4, `•"IN- 1

'FEIN 54-18507802007 Part II Balance Sheet

; ' t! (c) Fair Market ValueSchedule L - 6 Pg. 1 of 4


Direct your service and Investment questions to:

JOHN LABRADOR


800-503-9260

ACCOUNT OVERVIEW

^•^'/ r.•br.•: r . ^rA0 '. ^ ;.^`"` ra^2j ^ ,^ Y^ ii ^+'•3 r i

y Ct", au. 'a `.•;4 ^ L•^:uu-_. 7+, rr .e'^$`Jr•. ^r .i.r+. it 't..i• .l, Sr1.

Last Statement Date: November 30, 2007

Beginning Account Value (On 11/30/07): $ 5.111.993.62Ending Account Value (On 12/31/07): $Net Change: $

For current rates, please visit www.etrade.com/rates

The advice you want . The way you want it. Visit www.etrede.com/advice to learn more.


•h7 s 1' i1 -V,t,°, ^!1 t . u •b IP ?44" .k^, - . a4fin {

u.7 - r, 1. .,d f2Ht±1 fi n ;

14.48% - Cash & Equivalents

85.52% - Stocks , Options & ETF (Long)


Cash & Equivalents $ 740,992.11 4o • 4 $ 851,967.48 -13.03%Total Cash/Margin Debt $ 740,992.11 $ 851 ,967.48 - 13.03%

Stocks, Options & ETF (Long) $ 92 $4,260,026.14 2.77%Total Value of Securities $ I9-1 q2 $4,260,026.14 2.77%

Net Account Value ^j 7e7 ,leo. O3- $ 5,111 ,993.62 0.14%

C,

E*TRADE Clearing LLC (ETC), member NYSE/FINRA /SIPC, carries your account and

acts as your custodian for funds and securities deposited with us directly

by you, through E*TRADE Securities or as a result of transactions we process for your

account . Any inquiry regarding positions and balances only may be

directed to ETC at 201-308-4985. All other Inquiries regarding your account or the activity

therein should be directed to E*TRADE Securities LLC of 1-800-503-9260.

E*TRADE Securities LLC • PO Box 1542 , Merrifield , VA 22116 • www.etrade .com • 1-800-503-9260 • Member FINRA/SIPC PAGE è4

h '•fw1.•rm - ,,....•rC°w'^"'rmwi Lt^'_ •.'--,rt _ _ '; ^.?'_-'.'-_'•T.-• . - .. i"^.9!`r; z^ , ny .•,3;:-r

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ZVI RAD Bailey Family FoundationFEIN #. 54-1850780 'EÊ 6E Platinuim 'S.

FIN _A N :;I A$,. , , • :., . < z : ^^

2007 Part II Balance Sheet In stlmi:nt ;AccountTrading , Investing' 9anking Ler^

. r•^ y L •lu .1.^ ^ 1 •-•^r^^•• ( c ) Fair Market Value

Schedule L - 6 Pg.2 of 4

III


NET ACCOUNT VALUE BY MONTH END

$6,000,000

$5A00,000

$4,800,000

$4,200,000

$3,600,000

$3,000,000

$2,400,000

$1,800,000

$1,200,000

$600,000

$0


3.52% -JNJ3.54% - CSCO

3.65% - DVN

3.67% - AFL

4.14% -COP

4.73% - TMO

4.74% - CVD

5.98% - MCD

14.48% - CASH EOUIV

51.55% -OTHER


ION ' 4;DESCRIP TH S P IODi ^" ' ` "r R 71 ^1T ' r^

' 4/aSecurities Purchased $ - 124,860.00 $ -441,025.96Securities Sold $ 0 . 00 $ 282,391.86

Interest Received

Taxable $ 697 .13 $ 8,128.61 40 4

Dividends Received

Taxable $ 13,187 . 50 $ 55,476.30 4r-, - -

E•TRADE Securities LLC • PO Box 1542, Merrifield , VA 22116 • www.etrade.com • 1-800-503-9260 • Member FINRA/SIPC PAGE Z1

y

DEC-06 JAN-07 FED47 MAR-07 APR-07 MAY-07 JUN-07 JUL-07 AUG-07 SEP-07 OCT-07 NOV-07 DEC-07

r+Rw.+rr _ :L^ v ..^.'^.--^.YNX,^.:°__,"-.w•tiCl G•^`: tCi"^.^ •:.er x•.I•n'

Bailey FamilyFoundation--_ ;^^,^^h T 9IF'7:^,l 9^;wy '-,••.^;-"yri +-' +w+, _`

141

FEIN 54-1850780F 1 N A;N C"I i4 T E'ÊTRADE ,`Platinum ..'ti_' ' ' `2007 Part II Balance SheetIT di Ves i ig B ki Lehdi

;Investment Account ' ; . -+` • - ^ "' 'r`

` .° •' rrra n r ng •ng t an ,, ,; , .

• (c) Fair Market Value

Schedule L - 6 Pg.3 of 4


ACCOUNT HOLDINGS

CASH & CASH EQUIVALENTS ( 14.48% of Holdings)'rcn u' OLOSIIVG POR OI1 "ro "' ;,ArAVG..D CAI kt ' s. I y ti s OPENING r i ,cx;, .• M •; ^. < s ' f,, P LA , ,x^w-aw re .° 1• . - ,1• ^_ S' 9A^111ê: r: „iVBALANC_E jd/akt '{ ri B NC

SWEEP DEPOSIT ACCOUNT 851,967.48 740 ,992.11 14 .48 852,405.99

Sweep Deposit account is a bank deposit account with E'TRADE Bank, a Federal savings bank, Member FDIC . Sweep Deposit Accounts are FDIC-insured up to $100 ,000.00.

TOTAL CASH & CASH EQUIVALENTS $851 ,967.48 $740,992.11 14.48%

STOCKS, OPTIONS & EXCHANGE-TRADED FUNDS (85.52 % of

^' 'r` ' * ^'r" ccsq'r < ^Ni cusip' •^ - - ' -

' =F' '.TYPEw- - - - - '

Y utw.- - 'ti;. _ 4- _ . . . ' r. ?;^"^,'- -

wVAL'UE ,^- ^' 9'° ) - • ^-"-- ' - • -LD 19!.)

- •NC ME '^ t I ELD_

AFI-ACINC AFL Cash 3,000 62 .6300 187,890 . 3.67 2,460.00 1.31%ABBOTT LABORATORIES ABT Cash 3, 200 56 . 1500 179 ,680.00 3.51 4 , 160.00 2.32%AMERICAN INTERNATIONAL AIG Cash 2,200 58.3000 128,260.00 2.51 1,760 . 00 1.37%

GROUPINCAMGEN INC AMGN Cash 1,300 46.4400 60,372.00 1.18APACHE CORP APA Cash 1 ,600 107 . 5400 172,064.00 3.36 960.00 0.56%BANK NEW YORK MELLON CORP BK Cash 660 48.7600 32,181.60 0 . 63 634 . 00 1.97%

C H ROBINSON WORLDWIDE INC CHRW Cash 600 54 . 1200 32 ,472.00-NEWCISCO SYSTEMS INC CSCO Cash 6,700 27.0699 181,368.33 3.54CITIGROUP INC C Cash 2,400 29 .4400 70,656.00 1.38 5,184 . 00 7.34%

CONOCOPHILLIPS COP Cash 2,400 88.3000 211,920 .00 4.14 3 ,936.00 1.86%CORNING INC GLW Cash 5,000 23 .9900 119,950.00 2.34 1 ,000.00 0.83%

COVANCE INC CVD Cash 2,800 86.6200 242,536.00 4.74

DEVON ENERGY CORPORATION DVN Cash 2,100 88.9100 186 ,711.00 3.65 1,176 . 00 0.63%NEWDISCOVER FINANCIAL SERVICES DFS Cash 1 , 100 15 .0800 16,588.00( 0.32 132 .00 0.80%

EMC CORP-MASS EMC Cash 6,300 18 . 5300 116,739 .00 2.28

ENERGY PARTNERS LTD EPL Cash 5,279 _ 11.8100 _"

__ 62,344 .99.__._

1.22___ -FAMILY DOLLAR STORES INC FDO Cash 5,400 19.2300 103,842.00 2.03 2,484.00 2.39%

FISERV INC FISV Cash 2,600 55.4900 144,274.00 2.82

GENERAL ELECTRIC CO GE Cash 2 ,700 37.0700 100 ,089.00 1.96 3,348.00 3.35%

HEWLETT PACKARD CO HPQ Cash 3,000 50 .4800 151 ,440.00 2.96 960.00 0.63%

JOHNSON 8 JOHNSON JNJ Cash 2,700 66.7000 180,090.00 3 . 52 4,482 . 00 2.49%

L-3 COMMUNICATIONS LLL Cash 1 , 200 105 .9400 127,128.00 2.48 1 ,200.00 0.94%

HOLDINGSINCLOWES COMPANIES INC LOW Cash 3 ,000 22 . 6200 67,860 .00 1.33 960.00 1.41%

MACYS INC M Cash 3,600 25.8700 93,132.00 1.82 1,872 .00 2.01%

MCDONALDS CORP MCD Cash 5,200 58.9100 306,332 . 00 5.98 7,800.00 2.55%

MICROSOFT CORP MSFT Cash 3 ,400 35.6000 121,040 .00 2.36 1,496.00 1.24%

MORGAN STANLEY MS Cash 2,200 53.1100 116,842.00 2.28 2,376.00 2.03%

ORACLE CORP ORCL Cash 6 ,000 22 . 5800 135,480 .00 2.65

PEPSICOINC PEP Cash 2 , 100 75.9000 159,390.00 3.11 3,150 . 00 1.98%

ì E°TRADE Securities LLC • PO Box 1542 , Merrifield, VA 22116 • www.etrade .com • 1-800-503-9260 • Member FINRA /SIPC PAGE' 3

ti

7 ^ ^r d ^ r - _ • ^••rr^.±:,Y^rlt^n^ • t:7n`^'7'^ -.^n.r.leu^,

Bailey Family Foundation'-^,^',,:. x^^. •_ k, ,}^:sh,,:^^.^ ^y ,"^k FEIN #: 54-1850780

2007 Part II Balance Sheet"^^.. *.i..î. 7?;a ,^ a,:,;;^^Tretlii}g'•^ 0'ês{lit ' 8 t1 ^d'gy,^L'Hnd(n( c ) Fair Market ValueSchedule L - 6 Pg. 4 of 4


STOCKS, OPTIONS & EXCHANGE-TRADED FUNDS (Continued)

ûf 8 5 (, T, {C 5r^,

»^..r.Y4 ' . ^`; . y. .i, w.. v of .h . ,Pftt1Y .l:. .' 'SGLIri,P .W ^,.

' ay1.#

>il^.+l I 'JIJ '

f JJ i.y ±a^^ I a t

^ S F Y4iS ;7:Ji ' K ' 3 3^ : t^d

o^Y ,Mp.K1T :'i ,i / s•yN^

P 116005^ ' ^\'

STVANkU $^ t ^j^ A 1'^ ^tS Ih co

. .

QUEST SOFTWARE INC OSFT Cash... _

7,200. .¢ 4S .. t.

18 .4400, s, , .. 1

132 ,768.00.h 4 l.'„'•..:JI^ a,tl'

2.59

CL1J,13lJ.1, ti{ t. rL:.

SANDISK CORP SNDK Cash 458 33. 1700 15,191.86 O 0.30^RERMO FISHER SCIENTIFIC INC TMO Cash 4,200 57 .6800 242,256.00 4.73WALGREEN CO WAG Cash 2,800 38.0800 106 ,624.00 2.08 1 ,064.00 1.00%WELLS FARGO & CO WFC Cash 2,400 30.1900 72,456.00 1.42 2 ,976.00 4.11%TOTAL STOCKS, OPTIONS & ETF $4,377,967.78 85 .52% $56,098.00 1.28%

eC-L. 'r;^KcS sulclt Moe 1 sl A C 51,77q 43(,^TMv 434(p,18•11g2

TOTAL PRICED PORTFOLIO HOLDINGS (ON 12/31/07) $5,118 ,959.89 -TOTAL ESTIMATED ACCOUNT HOLDINGS ANNUAL INCOME $56,098.00

Pce/41q

-E

t T^ { ,. ^T...++r-^ySYC.^'s1'^rr ._fr+ ^ F5•.. ,. ^ e.>,. êy^.^^ ^'..T_ ?.^^77_"^/w.F:^LT^'!-M"+^r1

v s f ^` ^^v ^/`^. rnx,.. r ^:t •.i

RADE

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r^• ' w ; ; ,^ •,:,. iR" 1 ';; "': = ' = , _ .. Bailey Family FoundationE ',* ; PIat,nuiriiInvestment Accoiin 't ' - FEIN #: 54-1850780

Trading Investing Banking Lending +14 r .I"'. , 2007 Part II Balance Sheet21

(c) Fair Market ValueSchedule L - 7 Pg. 1 of 3


Direct your service and Investment questions to:JOHN LABRADOR


800-503-9260

ACCOUNT OVERVIEW

Last Statement Date: November 30, 2007

Beginning Account Value (On 11/30/07): $ 1,633,800.09Ending Account Value (On 12/31/07): $ 1,504,134.12Net Change: $ -129,665.97

For current rates, please visit www.etrade.com/rates

The advice you want. The way you want it. Visit www. etrade.com/advice to learn more.


±y -'i :-. . .._...._,.'-F^• -'^,-.. ^^.l. ^'`f^^.y' r ^.ST^ ^ ^ "..^t^ ...^ ^' , ' ^ 4z., .. .^.>^ yl`^^y^' - ^.î

10.94% - Cash & Equivalents


89.06% - Stocks, Options & ETF (Long)

Cash & Equivalents $ 164,579.12 C -„3 $ 176.99 - -Total Cash/Margin Debt $ 164,579.12 $ 176.99 - -

Stocks, Options & ETF (Long) $1,339,555.00 $1 ,472,254.00 -9.01%Mutual Funds $ 0.00 $ 161 , 369.10 -100.00%Total Value of Securities $1,339,555.00 $1 ,633,623.10 -18.00%

Net Account Value $1,504,1 34.12 L -3 $ 1,633,800.09 -7.940/0

E*TRADE Clearing LLC (ETC), member NYSE/FINRA /SIPC, carries your account andacts as your custodian for funds and securities deposited with us directly

by you, through E *TRADE Securities or as a result of transactions we process for youraccount . Any Inquiry regarding positions and balances only may be

directed to ETC at 201-308-4985 . All other Inquiries regarding your account or the activitytherein should be directed to E*TRADE Securities LLC at 1-800-503-9260.

1)J

-t E*TRADE Securities LLC • PO Box 1542, Merrifield, VA 22116 • www.etrade.com • 1-800-503-9260 • Member FINRAISIPC PAGE 1 3

n`

ur, ^~.,. ^^'' .,^. ^, 3,r- e _ ^ ^,^{r ifs".•t ti'^• '.+^Se T1{^y't!'•lut^

,1rAdin -,Inv, in


NET ACCOUNT VALUE BY MONTH END

FiATM ' awwD Ef;^,q1 r 5 l' irk 3 ^ l" .tea t,• y , :I ti/,ll^la} " . •l r;rb _iî rY,' "]_

IS

$10,000,00

$9,000,000

$8,000,000

$7,000,000

$8,000,000

$5,000,000 -18.72%48%

sa,ooo,ooo

$3,000,000

$2,000,000.2831 -7.94%

$1,000,000

toDEC-06 JAN47 FE9-07 MM-07 APR-07 MAY-07 JUN-07 Jlll-07 AUG.07 SEP-07 OC -07 NOV-07 DEC-07


r l5 17,+ 4

? ^" ^.^r^k.;ta r "!1

w;y ` r, { ',.'

10.94% - CASH EQUIV

33.53% - EWA

777,777477 T

'a^'^;;:'^^^,;',^l^:^';., T . _ ' • : to

Securities Purchased $ 0.00 $ -1,489,496.66Securities Sold $ 164,381.40 $ 6,963,301.92

Interest Received

Taxable $ 0.00 $ 361.96

Statement Period : December 1, 2007 - December 31, 2007 Account Type : BUSINESS


55.53% - FXI

Dividends Received

TaxableTax Exempt

r Baile Famil F ndy y FoundationRi_['^^Lj____iiulr'r FEIN #: 54-1850780

2007 Part II Balance Sheet• f "n '' ' ' (c) Fair Market Value


$ 2,000.24 $ 35,360.54-$ 20.73 $ 2,905.02,

Margin Interest $ 0.00 $ -26.91

E•TRADE Securities LLC • PO Box 1542 , Merrifield , VA 22116 • www.etrade .com • 1 -800-503 -9260 • Member FINRA/SIPC PAGE 213

Irr'^'•

Account Number : 6055-6640

ACCOUNT HOLDINGS

CASH & CASH EQUIVALENTS ( 10.94% of Holdings)

JPMORGAN GEN MUNI - E*TRADE CL

TOTAL CASH & CASH EQUIVALENTS


176.99

$176.99


Account Type: BUSINESS

164,579.12 10.94 9,510.32$164,579.12 10.94%

STOCKS, OPTIONS & EXCHANGE-TRADED FUNDS (89.06 % of Holdings)

011A

a' ;fiAQ

EmaG

^

O^ I

Â 'k

,LI

JIM

t A' X111^ fi

E NNUALY E I^p • ,

ISHARES INC EWA Margin_

17,500i, . r •^ ^. t

28.8200sr, :^504,350..00

'33.53

r19,250.00

•

3.82%MSCI AUSTRALIA INDEX FD(BOOK ENTRY)(SHARES TR FXI Margin 4,900 170.4500 835,205.00 55.53 6,395.00 0.77%FTSE XINHUA HK CHINA 25INDEXFUNDTOTAL STOCKS, OPTIONS & ETF X, 2 doO SÎS $1,339,555 .00 89 .06% $25,645.00 1.91%

,. -Sat rn,al-•..•.•ww-.w. www,-^. ... ^....®.e..-r. ,...

10Jc.c, 313

0Bailey Family Foundation




THE BAILEY FAMILY FOUNDATIONINC.6551 LOISDALE CT STE 160

SPRINGFIELD VA 22150.1820

n Alt InvestmentsASSETS

December-31- . November 30

Cash/Money Accounts 6,415 .08 6,396.92

Fixed Income

EquitiesMutual FundsOptionsOther -Alternative Investments 613,630 .29 624,415.87

Subtotal (Long Portfolio) 620,045.37 630,812.79

TOTAL ASSETS $620,045.37 $630,812.79

LIABILITIESDebit Balance

Short Market Value

TOTAL LIABILITIES -

NET PORTFOLIO VALUE $620,045.37 $630,812.79

004

TOTAL MERRILL

Net Portfolio Value : $620,045.37Your Financial Advisor:

THE GMMT TEAM

11951 FREEDOM DRIVERESTON VA 20190(703) 464.8819

December 01, 2007 • December 31, 2007

CASH FLOWThis Statement Year to Date

Opening Cash/Money Accounts $6,396.92

CREDITS

Funds ReceivedElectronic Transfers

Other Credits 400,000.00 YI2,,Subtotal 400,000.00

DEBITSElectronic TransfersMargin Interest Charged

Other Debits (1,647,825.47)

Visa Purchases (debits)

ATM/Cash Advances

Checks Written/Bill Payment

Subtota l - (1,647,825.47)

Net Cash Flow ($1 ,247,825.47)

Dividends/Interest Income 18.16 21,917.05

Security Purchases/Debits - (2,695,938.04)

Security Sales/Credits 3,600,000.00

Closing Cash/Money Accounts $6,415.08

Securities You Transferred In/Out (1,819,999.96)

0044 ?I V,,Oj 19

nBailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market Value


YOUR EMA BANK DEPOSIT INTEREST SUMMARY December 01, 2007 - December 31, 2007

Average Current Interest on ClosingMoney Account Description Opening Balance Deposit Balance Yield% Deposits Balance------------------ --Merrill Lynch Bank USA

-------- --------6,379

---------------- ----6,379

-----------3.40

-------------------18.11

-----------6,398

Merrill Lynch Bk & Tr FSB 16 16 3.40 0.05 16

TOTAL ML Bank Deposit Program 6,395 18.16 6,414

YOUR EMA ASSETSCASH/MONEY ACCOUNTS Total Estimated Estimated Estimated Est. AnnualDescription Quantity Cost Basis Market Price Market Value Annual Income Yield%

CASH 1.08 1 1.08ML Bank Deposit Program 6,414.00 6,414 1.0000 6,414.00 218 3.40

TOTAL 6,415 6,415.08 218 3.40

ALTERNATIVE INVESTMENTSDescription Acquired Quantity

UnitCost Basis

TotalCost Basis

EstimatedMarket Price

EstimatedMarket Value

Unrealized Estimated CurrentGain/(Loss) Annual Income Yield%

MARINER 2X ACCESS LTD f- 03/01/07 188,770 1.0594 199,999 1.0191 192,375 .50-V (7,623)CLASS A (H)RENAISSANCE ACCESS III 03/01/07 196,354 1.0185 199,999 LP 1.0017 196,607.80 (3,311)LLC CLASS AYORK TOTAL ACCESS LTD 03/01/07 173,518 1.1526 199,999 1.2942 224,566.99 V 24,567

CL A

TOTAL 558 , G412 3 '598,99& - 613,030QQ9-- 13,633

7ora L g q i 41(Q ,qt r2

004 0044?,QJL 2 o^j 11

0Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet



THE BAILEY FAMILY FOUNDATIONINC.

6551 LOISDALE CT STE 160SPRINGFIELD VA 22150.1820

Net Portfolio Value:Your Financial Advisor.THE GMMT TEAM11951 FREEDOM DRIVERESTON VA 20190(703) 464-8819

TOTAL MERRILE

$2,614,078.81

n Diversified InvstThis account is enrolled In the Merrill Lynch Personal Advisor6"' Program December 01, 2007 - December 31, 2007

ASSETS CASH FLOWDecember 31 November 30

Cash/Money Accounts 16,670.83 2,431.93

Fixed Income - -Equities 676,420.00 701,730.00Mutual Funds 1,920,987.98 1,935,132.24OptionsOther -

Subtotal (Long Portfolio) 2,614,078.81 2,639,294.17

TOTAL ASSETS $2,614,078.81 $2,639,294.17


Short Market Value

TOTAL LIABILITIES

NET PORTFOLIO VALUE $2,614,078.81 $2,639,294.17

This Statement Year to Date


CREDITS

Funds Received -Electronic TransfersOther Credits - 680,000.00

Subtotal - 680,000.00

DEBITS

Electronic Transfers - -Margin Interest ChargedOther Debits (14,189.12)Visa Purchases (debits) -

ATM/Cash AdvancesChecks Written/Bill Payment

Subtotal - (1 4,1 89. 1 2)

Net Cash Flow - $665,8 1 0.88

Dividends/Interest Income 57,300.60 86,721.65Dividend Reinvestments (43,061 .70) (69,247.55)

Security Purchases/Debits - (1,030,000.00)Security Sales/Credits - 363,385.85


Securities You Transferred In/Out 110.23 1 ,820,211.99

004 00443119

Bailey Family FoundationFEIN #: 54- 18507802007 Part II Balance Sheet(c) Fair Market ValueSchedule L - 8 Pg. 4 of 19

YOUR EMA BANK DEPOSIT INTEREST SUMMARY

CumulativeInvestment Total Estimated Estimated

Return Cost Basis Market Price Market Value

17,375 425,QGP ;c22.5300 417,368.25

Average Current Interest on ClosingMoney Account Description Opening Balance Deposit Balance Yi eld% Deposits BalanceMerrill Lynch Bank USA 2, 420 2 , 420 3.40 6.87 16,658Merrill Lynch Bk & Tr FSB 11 11 3.40 0.03 11

TOTAL ML Bank Deposit Program 2,4 31 6.90 16,669

YOUR EMA ASSETS

CASH/MONEY ACCOUNTS Total Estimated Estimated Estimated Est. AnnualDescription Quantity Cost Basis Market Price Market Value Annual Income Yield%

CASH 1 .83 1 1.83ML Bank Deposit Program 16 ,669.00 16,669 1 .0000 16,669 .00 566 3.40

TOTAL 16,670 16,670.83 566 3.40

EQUITIES Unit Total Estimated Estimated Unrealized Estimated CurrentDescription Symbol Acquired Quantity Cost Basis Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

ML&C0. ARN IEIB MLSUD 05/31 /07 35,000 10.0000 350,000 10.1000 353,500.00 3.500ARN DUE AUGUST 08, 2008SV=100 LKD INT'L EQUITYPROSHARES TR ULTRAS AND SSO 02/01/07 900 88.8600 79,974 82.8000 74,520.00 (5,454) 1,321 1.77P500PROSHARES 02/01 /07 1,000 88.8400 88,840 82 .8000 82,800 .00 (6,040) 1,467 1.77

02/02/07 1,000 89 .3000 89,300 82 .8000 82,800 .00 (6,500) 1,467 1.7702/06/07 1,000 88 .9400 88,940 82 .8000 82,800 .00 (6,140) 1,467 1.77

Subtotal 3, 900 347, 054 322,920.00 (24,134) 5,725 1.77

TOTAL 697,054) 676,420.00 (20,634) 5,725 .85

MUTUAL FUNDS/CLOSED END FUNDS/UlT Total Client

Description Quantity Investment

ALLIANCE BERNSTEIN INTL 18,525 399,992

VALUE ADV CL

(4850 FRACTIONAL SHARE)

004

December 01, 2007 - December 31, 2007

Unrealized Estimated CurrentGain/(Loss) Annual Income Yield%

,890)

N/A 22.5300 10.92 N/A

0044

7,554 1.81

1 81


FEIN #: 54- 18507802007 Part II Balance Sheet TOTAL MERRILL



YOUR EMA ASSETS December 01, 2007 - December 31, 2007

CumulativeMUTUAL FUNDS/CLOSED END FUNDS/UIT (continued) Total Client Investment Total Estimated Estimated Unrealized Estimated CurrentDescription Quantity Investment Return Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

SYMBOL: ABIYX Initial Purchase: 02/01 /07

COLUMBIA MARSICO FOCUSED 16,236 369,977 28,778 374,Ic'3.43 24.5600 398,756.16 24,667

EQUITY CL A(6590 FRACTIONAL SHARE) N/A 24.5600 16.18 N/A

SYMBOL: NFEAX Initial Purchase: 02/01/07

DAVIS NEW YORK VENTURE 9,432 369,993 11,531 375,0(x3 .Co5 40.4500 381,524.40 6,492 5,131 1.34

FO CL V(7740 FRACTIONAL SHARE) N/A 40.4500 31.30 N/A 1.34

SYMBOL: DNVVX Initial Purchase: 02/01/07

Subtotal (Equity Funds) 57,684 1,197,707.21 23,269 12,686 1.06

LOOMIS SAYLES STRATEGIC 23,852 339,994 18,024 358,70. 5 15.0100 358,018.52 (687) 20,727 5.78

INC FD CL Y( 1900 FRACTIONAL SHARE) N/A 15.0100 2.85 N/A 5.78

SYMBOL: NEZYX Initial Purchase: 02/23/07

PIMCO TOTAL RETURN FD 34,168 339,996 25,259 ^1j(, lob 5(, 10.6900 365,255.92 10,512 16,571 4.53

CL A

(3260 FRACTIONAL SHARE) N/A 10.6900 3.48 N/A 4.53

SYMBOL: PTTAX Initial Purchase: 02/23/07

Subtotal (Fixed Income Funds) 43,283 723,280.77 9,825 37,299 5.16

7e13^ coST 1.%P, 2L{7 . -5y

0040044

I'Ct3C,5 Î



6551 LOISDALE CT STE 160


n GMMT AccessThis account Is enrolled in the Merrill Lynch Personal Advisors"'

ASSETS

TOTAL MERRILL-

Net Portfolio Value:Your Financial Advisor:THE GMMT TEAM11951 FREEDOM DRIVERESTON VA 20190(703) 464-8819

$839, 790.98




CREDITS

Funds ReceivedElectronic Transfers

Other Credits 481,600.00Subtotal 481, 600.00

DEBITSElectronic Transfers •Margin Interest Charged - -

Other Debits - (427,249.32)Visa Purchases (debits) -

ATM/Cash Advances -Checks Written/Bill Payment -

Subtotal (427,249.32)

December 31 November 30

Cash/Money Accounts 86,974 .48 86,033.41

Fixed Income -Equities 648,856.50 632,907.00

Mutual Funds 44,010 .00 42 , 405.00

Options -Other - -

Alternative Investments 59,950 .00 58 , 200.00

Subtotal (Long Portfolio) 839,790. 98 819,545.41

TOTAL ASSETS $839,790.98 $819,545.41


Short Market Value

TOTAL LIABILITIES -


004

Net Cash Flow $54,350.68


Security Purchases/Debits (1,208,348.00)

Security Sales/Credits - 561,071.05

Closing Cash/Money Ac:counts $86,974.48

Securities You Transferred In/Out

0044 ?Cte 6 119 ^






Average Current Interest on ClosingMoney Account Description Opening Balance Deposit Balance Vield% Deposits Balance

Merrill Lynch Bank USA ---- --- 12,069 - - - 12,128 3.40 - --- 34.44 ----- 12,171

Merrill Lynch Bk & Tr FSB 73,963 73,963 3.40 210.03 74,173


ITEMS FOR ATTENTION

Security

AECOM TECH CORP

Message Date Security

Opinion Upgraded

YOUR EMA ASSETS

Date

CASH/MONEY ACCOUNTS Total Estimated Estimated Estimated Est. Annual

Description Quantity Cost Basis Market Price Market Value Annual Income Yield%

CASH 630.48 630 630.48

ML Bank Deposit Program 86,344.00 86,344 1.0000 86,344.00 2,935 3.40

TOTAL 86,974 86,974.48 2,935 3.40

EQUITIESDescription

T AECOM TECH CORP

ANNALY CAP MGMT INC

ARES CAPITAL CORP

CONTINENTAL RESOURCES

INC

FREEPRT-MCMRAN CPR & GLD

INSULET CORP

ISHARES MSCI BRAZIL FREE

INDEX FUND

004

Unit Total Estimated Estimated Unrealized Estimated Current

Symbol Acquired Quantity Cost Basis Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

ACM 05/09/07 850 20.0000 17,000 28.5700 24,284 .50 7,284

NLY 03/07/07 5,000 13.5000 67,500 18.1800 90,900.00 23,400 6,799 7.48

ARCC 03/29/07 1,500 17.9700 26,955 14.6300 21,945 .00 (5,010) 2,520 11.48

CLR 05/14/07 1,500 15.0000 22,500 26.1300 39,195 .00 16,695

FCX 03/22/07 1,500 61.2500 91,875 102.4400 153,660.00 61,785 2,624 1.70

PODD 05/14/07 300 15.0000 4,500 23.4800 7,044.00 2,544

EWZ 04/13/07 450 52.3800 23,571 80.7000 36,315 .00 12,744 1,082 2.98

Message

0044


FEIN #: 54-18507802007 Part II Balance Sheet TOTAL MERRILL(c) Fair Market Value



EQUITIES (continued) Unit Total Estimated Estimated Unrealized Estimated CurrentDescription Symbol Acquired Quantity Cost Basis Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

METROPCS COMM INC PCS--

04/18/07 1,000-- -----

23--.0000

- - - ------ ----- ---,000

--1--9.4500

-----23

- ------ ---------,450.00

------,550)

---------

ML&CO ARN HGX BPH 03/28/07 5,000 10.0000 50,000 12.5200 62,600.00 12,600

SV=218.80 LK PHLX HSGDUE APRIL 18 2008

ML&CO ARN NDX MLSUZ 09/26/07 5,000 10.0000 50,000 9.5700 47,850.00 (2,150)NASDAQ 100 ARNSV=2088 38 DEC 03 2008

ML&CO ARN XAU GGW 09/26/07 7,500 10.0000 75,000 10.2600 76,950.00 1,950LKOTOPHLXGOLD&SILVESV=165.01 DEC 03 2008ML&C0. ARN RLG GOC 09/27/07 2,500 10.0000 25,000 9.5100 23,775.00 (1,225)RUSSELL 1000 GROWTHSV=619.66 DEC 4 2008NAVIOS MARITIME HLDGS IN NM 05/23/07 1,000 10.0000 10,000 12.2500 12,250.00 2,250 266 2.17SEASPAN CORP SSW 04/19/07 1,000 29.4500 29,450 24.4900 24,490.00 (4,960) 1,785 7.28TOMOTHERAPY INC TTPY 05/08/07 200 19.0000 3,800 19.5600 3,912.00 112TRIMAS CORP TRS 05/17/07 400 11.0000 4,400 10.5900 4,236.00 (164)

TOTAL 3 524,551 Q 648,856.50 124,305 15,078 2.32

Tco40A CocA B , <Q (o2c) (DOI 01RESEARCH RATINGS

ML Independent Independent Jaywalk Consensus RatingSecurity Symbol Rating Research Provider Research Provider SELL HOLD BUY

ANNALY CAP MGMT INC NLY B-1-7 Hold -Morningstar Hold -Thomas White International 1.48

ARES CAPITAL CORP ARCC C-2-7 Buy -Morningstar Sell -Market Edge Research 2.08

AECOM TECH CORP ACM C-1.9 No Coverage Buy -Argus Fundamental Research 1.90

CONTINENTAL RESOURCES CLR C-1-9 No Coverage Buy -IPOrinanciai.com 1.50

FREEPRT-MCMRAN CPR & GLD FCX B-2-7 Under Review - Morningstar Buy -Weiss Ratings, Inc. 1.48

INSULET CORP PODD C-1.9 No Coverage Sell -IPOfinancial.com 2.17

METROPCS COMM INC PCS C-2-9 Buy -Morningstar Buy -Argus Fundamental Research 2.00

SEASPAN CORP SSW C-1-7 Buy -Morningstar Buy -1POrinancial.com 2.38

004 0044

Tit, 1119



RESEARCH RATINGS (continued)

ML Independent Independent Jaywalk Consensus RatingSecurity Symbol Rating Research Provider Research Provider SELL HOLD BUYTOMOTHERAPY INC TTPY C-1-9 Hold -Morningstar Buy -IPOfinancial.com 2.17TRIMAS CORP TRS C-1.9 No Coverage Hold -IPOfinancial.com 2.00

PLEASE REFER TO THE BACK OF YOUR STATEMENT FOR A GUIDE TO YOUR MERRILL LYNCH AND INDEPENDENT RESEARCH RATINGS

CumulativeMUTUAL FONDS/tLOSEIi END Ft1NDS7U1T Total Client InvestmentDescription Quantity Investment Return

KAYNE ANDERSON MLP 1,500 55,050 (11,040)

SYMBOL: KYN Initial Purchase: 04/17/07

Subtotal (Equity Funds) (11, 040)

TOTAL (11,040)

Total Client Investment: Cost of shares directly purchased and still held . Does not includeshares purchased through reinvestment.Cumulative Investment Return : Estimated Market Value minus Total Client Investment.Cumulative Investment Return is the capital appreciation (depreciation) of all shares purchased,including shares purchased through reinvestment.

Total Estimated Estimated Unrealized Estimated CurrentCost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

55,050 29.3400 44,010.00 (11,040) 2,970 6.74

55,050 44,010.00 (11,040) 2,970 6.75

55,050 Q 44,01 0.00 (11 ,040) 2,970 6.75

Unrealized Gain or (Loss): Estimated Market Value minus Total Cost Basis (totalcost of shares directly purchased and still held, as well as cost of shares acquiredthrough reinvestment). Provided for Tax Planning purposes only and is notapplicable to retirement accounts.Initial Purchase : Date of your initial Investment in this fund.

Market Timing: Merrill Lynch's policies prohibit mutual fund market timing, which Involves the purchase and sale of mutual fund shares within short periods of time with the Intention ofcapturing short-term profits resulting from market volatility. Market timing may result in lower returns for long-term fund shareholders because market timers capture short-term gains thatwould otherwise pass to all shareholders and due to increased transaction costs and fewer assets for investment due to the need to retain cash to satisfy redemptions.

dL1PRNATNE INVtSTMENTS ' Unit Total Estimated Estimated Unrealized Estimated CurrentDescription Acquired Quantity Cost Basis Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yleld%

----ML&CO. ARN MLCXER

--------------------------------------------------------------------03/01 /07 5,000 10 .0000 50,000 11 .9900

------59,950.00

--- --------- -------9,950

ACCLRATED RT NT 5/7/2008SV=467 . 3738 LKD ML COMM

TOTAL 50,000 () 59,950.00 9,950

Z(D I05 ,C5000•7oII. tIp RcG

Toi L Cosh. Io4,348-(d

004 (M'51 Oa L /UfieR)0044

0



INC.6551 LOISDALE CT STE 160


TOTAL MERRILL

Net Portfolio Value : $679,844.11Your Financial Advisor.THE GMMT TEAM11951 FREEDOM DRIVERESTON VA 20190(703) 464.8819

n GMMT World WideThis account is enrolled in the Personal Investment Advisory Program December 01, 2007 - December 31, 2007


Cash/Money Accounts 50;826.27 72,953.41Fixed IncomeEquities 629,017.84 606,804.10

Mutual Funds -Options -Other -

Subtotal (Long Portfolio) 679,844.11 679, 757.51

TOTAL ASSETS $679,844.11 $679,757.51


Short Market Value -

TOTAL LIABILITIES




CREDITS

Funds Received

Electronic Transfers

Other Credits - 255,011.89Subtotal 255, 011.89

DEBITSElectronic TransfersMargin Interest ChargedOther Debits (126.71 ) (30,395.06)Visa Purchases (debits)

ATM/Cash AdvancesChecks Written/Bill Payment - -

Subtotal (126.71) (30,395.06)

Net Cash Flow ($126.71) $224,6 1 6.83

Dividends/interest Income 3,377.77 13,882.65

Security Purchases/Debits (65,643 .40) (1,727,101.31)

Security Sales/Credits 40,265 .20 1,518,678.82



004 0044?V 11) 1161

Bailey Family FoundationFEIN #: 54-18507802007 Part 11 Balance Sheet(c) Fair Market ValueSchedule L - 8 Pg. 11 of 19

YOUR EMA BANK DEPOSIT INTERESTSUMMARY

EstimatedMarket Value

Average Current Interest on ClosingMoney Account Description Opening Balance Deposit Balance Yield% Deposits Balance

Merrill Lynch Bank USA 51,560 38,440 4.73 151.14 10,502Merrill Lynch Bk & Tr FSB 21,295 14,425 4.73 56.70 57


YOUR EMA ASSETS

CASH/MONEY ACCOUNTS Total Estimated Estimated Estimated Est. AnnualDescription Quantity Cost Basis Market Price Market Value Annual Income Yield%

CASH 40,267.27 40,267 40,267.27ML Bank Deposit Program 10,559.00 10,559 1.0000 10,559 .00 499 4.73

TOTAL 50,826 50,826.27 499 4.73

EQUITIESDescription Symbol Acquired

BRASIL TELECOM PAR SPADR BRP 07/10/07

CHEVRON CORP CVX 10/11/07

CHINA PETE CHEM SPN ADR SNP 01/03/0702/02/0704/02/0704/19/07

Subtotal

CIA TELEC CHLE SPDADR NW CTC 10/11/07

CONTINENTAL AG SPNRD ADR CTTAY 10/11/07

DELHAIZE GROUP SPONS ADR DEG 10/03/0601/03/0702/02/0704/19/0710/11/07

Subtotal

004

Unit Total EstimatedQuantity Cost Basis Cost Basis Market Price

364-'--7-1 .4'7-02 21,726----- -7-4-.5-8-0--0-

262 91 .9722 24 ,096 93.330063 95.5001 6 ,016 148.200060 82 . 2300 4,933 148.2000

18 85 .6272 1,541 148.2000

28 86 .4900 2 , 421 148.2000

169 14,9132,644 9 . 1754 24 , 260 7.4600172 140.8500 (j) 24, 226 128.2500

127 84 .8400 10,774 86.6000

9 85.0500 765 86.6000

59 84 . 4300 4,981 86.6000

27 96 .4000 2,602 86.6000

20 99.6100 1,992 86.6000

242 21,116

0044

22,672.32

24,452.46

9,336.60

8,892.00

2,667.60

4,149.60

25,045.80

19,724.24

22,059.00

10,998.20

779.40

5,109.40

2,338.20

1,732.00

20,957.20

December 01, 2007 • December 31, 2007

UnrealizedGain/(Loss)

945355

3,320

3,958

1,126

1,727

10,131

(4,535)

(2,167)

22313

128(264)

(260)

(160)

Estimated CurrentAnnual Income Yield%

79

607

129

123

37

57

347

1,38553616811

78

35

26

320

.34

2.48

1.38

1.38

1.38

1.38

1.38

7.02

2.43

1.53

1.53

1.53

1.53

1.53

1.53

iq1:? 11 et

JBailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market ValueSchedule L - 8 Pg. 12 of 19

YOUR EMA ASSETS

EQUITIES (continued) Unit Total EstimatedDescription Symbol Acquired Quantity Cost Basis Cost Basis Market Price

DEUTSCHE LUFT AG SPN ADR DLAKY 10/11/07 (D 803 30.7976 Q 24,730 26.7500

EDISON INTL CALIF EIX 10/11/07 419 57.6437 24,152 53.3700FREEPRT-MCMRAN CPR & GILD FCX 10/11/07 203 118.2700 24,008 102.4400

GERDAU SA SPONS ADR GOB 10/11/07 796 30.3900 24,190 29.0100

GOODYEAR TIRE RUBBER GT 10/11/07 786 30.9946 24,361 28.2200

LG PHILIPS LCD CO LTD LPL 07/09/07 1,001 23.6586 23,682 25.9800

SPO ADR 10/11/07 5 23.9900 119 25.9800

Subtotal 1,006 23,802

MARATHON OIL CORP MRO 01/03/07 186 45.7500 8,509 60.8600

02/02/07 110 44.7500 4,922 60.8600

04/19/07 66 50.0450 3,302 60.8600

07/10/07 12 63.9883 767 60.8600

10/11/07 30 58.9253 1,767 60.8600

Subtotal 404 19,270

MARUBENI CORP ADR MARUY 07/17/07 252 97.5200 24,575 70.5000

10/11/07 28 90.9500 2,546 70.5000

Subtotal 280 0 27,121

NOBLE ENERGY INC NBL 10/11/07 320 75.4279 24,136 79.5200

,/PETRLEO BRAS VTG SPD ADR PBR 07/16/07 285 68.8912 19,634 115.2400

PEUGEOT CITROENS SPN ADR PEUGY 07/24/07 269 91.3500 24,573 75.5000

10/11/07 9 87.8400 790 75.5000

Subtotal (D 278 0 25,363

PILGRIMS PRIDE CORP PPC 10/11/07 518 34.0493 2) 17,637 28.9500

PROSHARES TR SHORT S&P SH 12/18/07 1,057 62.1035 65,643 60.7700

500 PROSHARESPTINDOSATTBKADR IIT 10/11 /07 520 46 .3776 24,116

R R DONNELLEY SONS RRD 10/11 /07 ) 430 38.1285 J 16,395

R.H DONNELLEY CORP NEW RHO 10/11 /07 378 63.3969 23,964

TOTAL MERRILL:


Estimated UnrealizedMarket Value Gain/(Loss)

21,480.25 (3,250)22,362.03 (1.790)20,795 .32 (3,213)

23,091.96 (1,098)

22,180.92 (2,180)26,005.98 2,323

129.90 926,135.88 2,33211,319.96 2,8106,694.60 1,7724,016.76 713730.32 (37)

1,825.80 5824,587.44 5,316

17,766.00 (6.809)1,974.00 (572)

19,740.00 (7,381)25,446.40 1,30932,843 .40 13,20920,309.50 (4,263)

679.50 (111)

20,989.00 (4,374)

) 14,996.10 (2,641)

64,233.89 (1,409)

46.6400 24,252.80 136

37.7400 Q,) 16,228.20 (167)

36.4800 13,789.44 (10,174)

679 2.80

447 2.75

Estimated CurrentAnnual Income Yield%

004 0044

12, q I'l

970 4.51

511 2.28

355 1.70

244 1.05

178 1.57105 1.5763 1.57

11 1.57

28 1.57

387 1.57

239 1.34

26 1.34

266 1.34

153 .60

105 .32

365 1.79

12 1.79

377 1.79

46 .31

2,385 3.71

YOUR EMA ASSETS December 01, 2007 • December 31, 2007


TELECOMUNICACS DE SP ADR TSP 07/09/07 269 34 . 7253 9,341 25 .4500 6 ,846.05 (2,495 ) 736 10.7507/10/07 410 35.5395 14,571 25 . 4500 10,434 . 50 (4,136) 1,122 10.75

10/11 /07 16 34 .6300 554 25.4500 407 . 20 (146) 43 10.75

Subtotal 695 24, 466 17,687.75 (6,777) 1,902 10.75

TELENORTE LES PART SPADR THE 07 /16/07 1 ,098 21.6898 23 ,815 19.2800 21,169 .44

/(2,646)V

TELEPHONE&DATA SYS DEL TDS 10/03/06 202 43.0300 8 ,692 62 .6000 12,645.20 3 ,953 78 .62

02/02/07 86 57 . 4900 4 ,944 62 .6000 5 , 383.60 439 33 .6204/19/07 59 59.7500 3,525 62 .6000 3 ,693.40 168 23 .62

Subtotal 347 17,161 / 21,722.20 4,560 135 .62

TRW AUTOMOTIVE IHCDGS CRP TRW 10/11/07 535 32 .9694 (, 17,638 "/ 20.9000 ( 11,181.50 (6,457)

UNISYS CORP COM UIS 10/11/07 2,605 7.6262 E 19,866 4.7300 J_ 12,321 .65 (7,544)

VALEO SPONSORED ADR VLEEY 10/11 /07 625 29.1786 24 ,072 20.4500 16,871 .25 (7,201) 438 2.60

TOTAL 118 AR ( 665,890 629,017.84 (36,871 ) 12,684 2.02

LONG PORTFOLIO Adjusted/Total Estimated Unrealized Estimated Estimated CurrentCost Basis Market Value Gain/(Loss) Accrued Interest Annual Income Yield%

TOTAL 716,716 679,844 . 11 (36 , 871) 13,184 1.94

KI L25S Dec Sa,Le S L o'1 Coal Dec GI M L.OS S )

YOUR EMA TRANSACTIONS 2 (5,(°2') r (fl2,919 7g)to C is ,QQ5 10)

3 1' U 4 s ^^^h 4 ^^ ,%O m C 4(3a ,910 91


Ta3C13&I1



6551 LOISDALE CT STE 160


n GMMT Multi CapThis account Is enrolled In the Personal Investment Advisory Program

ASSETSDecember 3 1


Fixed Income - -

Equities 495,244 .54 501,354.35

Mutual Funds

Options -Other -


TOTAL ASSETS $643,385 .78 $610,251.69


Short Market Value

TOTAL LIABILITIES

NET PORTFOLIO VALUE $643 , 385.78 $610,251.69

004

TOTAL MERRILL

Net Portfolio Vallue : $643,385.78Your Financial Advisor:THE GMMT TEAM11951 FREEDOM DRIVERESTON VA 20190(703) 464.8819




CREDITS

Funds ReceivedElectronic TransfersOther Credits 75,000.00

Subtotal 75,000.00

DEBITSElectronic Transfers

Margin Interest Charged

Other Debits (1.33) (74,473.05)

Visa Purchases (debits)

ATM/Cash Advances

Checks Written/Bill Payment

Subtotal (1.33) (74, 473.05)

Net Cash Flow ($1 .33) $526.95

Dividends/Interest Income 1,256 .19 10,453.05

Security Purchases/Debits (24,916 .05) (557.482.32)

Security Sales/Credits 62,905 .09 642,083.72


November 30


0044 Se" 14 1iq

Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet(c ) Fair Market ValueSchedule L - 8 Pg. 15 of 19

YOUR EMA BANK DEPOSIT INTEREST SUMMARY December 01, 2007 • December 31 , 2007Average Current Interest on Closing

Money Account Description Opening Balance Deposit Balance Yield% Deposits Balance

Merrill Lynch Bank USA 98,878 93,873 4.73 369.40 98,868Merrill Lynch Bk & Tr FSB 10,018 22,417 4.73 88.26 49,217


YOUR EMA ASSETS


Description Quantity Cost Basis Market Price Market Value Annual Income Yieid%

CASH 56.24 56 56.24

ML Bank Deposit Program 148,085.00 148,085 1.0000 148,085 .00 7,004 4.73

TOTAL 148,141 148, 141 .24 7,004 4.73

EQUITIES Unit Total Estimated Estimated Unrealized Estimated CurrentDescription Symbol Acquired Quantity Cost Basis Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

ANADARKO PETE CORP APC 04/16/07 600 46.3300 27,798 65.6900 39,414.00 11,616 215 .54

COMPANHIA D SNMNTO BSCO SBS 08/28/06 155 26.5337 4,112 47.0000 7,285.00 3,172

D ESTDO SAO PAULO ADR 08/29/06 259 27.0313 7,001 47.0000 12,173.00 5,171

Subtotal 414 11,113 19,458.00 8,343

GOLDCORP INC GG 03/01/07 590 26.1845 15,448 33.9300 20,018.70 4,569 106 .53

HESS CORP HES 12/14/07 152 84.1411 12,789 100.8600 15,330.72 2,541 60 .39

JUNIPER NETWORKS INC JNPR 11/21/06 672 21.2285 14,265 33.2000 22,310.40 8,044

LEHMAN BROTHRS HLDGS COM LEH 09/18/07 100 62.8600 6,286 65.4400 6,544.00 258 60 .91

09/18/07 300 62.8700 18,861 65.4400 19,632.00 771 180 .91

09/18/07 100 62.9000 6,290 65.4400 6,544.00 254 60 .91

Subtotal 500 31,437 32,720.00 1,283 300 .91

MILLIPORE CORP MIL 09/12/07 272 75.4440 20,520 73.1800 19,904.96 (615)

MOSAIC CO MOS 01/18/07 700 21.9800 15,386 94.3400 66,038.00 50,651

MYLANINC MYL 11/27/07 1,281 13.9551 17,876 14.0600 18,010.86 134 307 1.70

NRG ENERGY INC NRG 02/26/07 276 34.2565 9,454 43.3400 11,961 .84 2,507

004 0044

Tq3---

b-4

11

0

Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet TOTAL MERRILL:(c) Fair Market ValueSchedule L - 8 Pg. 16 of 19


EQUITIES (continued) Unit Total Estimated Estimated Unrealized Estimated CurrentDescription Symbol Acquired Quantity Cost Basis Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yleld%OSI PHARMACEUTICALS INC OSIP 11/30/07 259 46 . 8208 12,126 48.5100 12,564.09 437POWERSHARES QQQ TR UNITS QQQQ 09/18/07 1,000 49 . 8599 49,859 51.2200 51,220.00 1,360 213 .41SER 1

PROSHARES TR SHORT S&P SH 11 /27/07 961 63 .6806 61,197 60.7700 58,399.97 (2,797 ) 2,168 3.71500 PROSHARES

SALESFORCE COM INC CRM 04/16/07 700 43 . 2100 30,247 62 .6900 43,883 .00 13,636ST JUDE MEDICAL INC STJ 11 /21/06 100 38.0700 3 , 807 40.6400 4 ,064.00 257

11/21 /06 100 38 .0800 3 , 808 40.6400 4,064.00 25611/21 /06 300 38 . 1000 11,430 40 .6400 12,192.00 762

Subtotal 500 19,045 20,320.00 1,275VERIZON COMMUNICATNS COM VZ 11/21/06 1,000 35 . 1600 35 , 160 43 .6900 43,690.00 8,530 1,719 3.93

TOTAL 383,726 495,244 .54 111,514 5,092 1.03

Trode i n - ^`tancorp Corr cJion t 43^

5a? 20 IS

k-" I ILL

QBailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet TOTAL MERRILL



THE BAILEY FAMILY FOUNDATION Net Portfolio Vallue : $260,211.55INC.

6551 LOISDALE CT STE 160 Your Financial Advisor:

SPRINGFIELD VA 22150-1820THE GMMT TEAM11951 FREEDOM DRIVERESTON VA 20190

(703) 464-8819

n MLP Emerg MktsThis account is enrolled In the Personal Investment Advisory Program December 01, 2007 - December 31, 2007



Fixed Income -Equities 200,310.86 201,623.77

Mutual FundsOptions -Other -


TOTAL ASSETS $260,211 .55 $261,289.85


Short Market Value

TOTAL LIABILITIES

NET PORTFOLIO VALUE

004

$260,211 .55 $261,289.85



CREDITS

Funds Received -

Electronic Transfers

Other Credits 746,600.00

Subtotal 746, 600.00

DEBITSElectronic Transfers -

Margin Interest ChargedOther Debits (503,693.33)Visa Purchases (debits) -

ATM/Cash Advances -

Checks Written/Bill Payment -

Subtotal (503,693.33)

Net Cash Flow $242,906.67


Security Purchases/Debits (239,694.89)

Security Sales/Credits 47,112.68



0044 T, (/ e 111 1q-

0Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet(c) Fair Market ValueSchedule L - 8 Pg. 18 of 19


Average Current Interest on ClosingMoney Account Description Opening Balance Deposit Balance Yield% Deposits Balance

Merrill Lynch Bank USA --- ----^-- --_ -- 59,141 --- ----------59,513--- 4.73--^---- 234.17 ^------ 59,787Merrill Lynch Bk & Tr FSB 113 113 4.73 0.44 113


YOUR EMA ASSETS


Description Quantity Cost Basis Market Price Market Value Annual Income Yield%

CASH 0.69 0 .69

ML Bank Deposit Program 59,900.00 59,900 1.0000 59,900.00 2,833 4.73

TOTAL 59,900 59,900 .69 2,833 4.73

EQUITIES Unit Total Estimated Estimated Unrealized Estimated CurrentDescription Symbol Acquired Quantity Cost Basis Cost Basis Market Price Market Value Gain/(toss) Annual Income Yield%

BUCKEYE PARTNERS L P . BPL 02/23/07 198 50. 2300 9 ,945 49 . 4100 9 , 783.18 (162) 653 6.67

02/23/07 200 50.2500 10,050 49.4100 9,882.00 (168) 660 6.67

02/23/07 ( 1 50.2800 5 ,028 49.4.190,, 4 ,94 1 .00 (87) 330 6.67

Subtotal 498 25,0230 -'-^_

606.18T (417) 1,643 6.67

ENERGY TRANSFER PTNRS LP'> ETP 02/23/07 361 54 . 1900 19,562 53 .8800 19450 .68 (111 ) 1,218 6.26

02/23/07 100 54.2000 5,420 53 . 8800 5 , 388.00 (32) 337 6.26

Subtotal 461 24,9820 24,838.680 (143) 1,555 6.26

ENTERPRISE PRDTS PRTN LP,.^ EPD 03/14/07 400 30.8900 12 , 356 31 .8800 12,752 .00 396 784 6.14

L P 03/ 14/07 100 30.9000 3,090 31 .8800 3,188.00 98 196 6.14

Subtotal 500 15,44) 15,940.00& 494 980 6.14

ISHARES MSCI SINGAPORE EWS 02/23/07 3 ,000 12 . 4700 37 ,410 13.7900 41,370.00 3,960 927 2.24

INDEX FUND

004 0044 ?If, ^ I I C1

0

Bailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet TOTAL MERRILL-(c) Fair Market ValueSchedule L - 8 Pg. 19 of 19



PLAINS ALL AMERN PIPL LP J PAA 02/23/07 153 55.0300 8 , 419 i i 52 .0000 7,956 .00 (463) 514 6.4602/23/07 200 55 .0700 11 ,014 52 .0000 10,400.00 (614) 672 6.4602/23/07 100 55.1000 5 , 510 52.0000 5,200.00 (310) 336 6.46

Subtotal 453 24,9433 23,556.000 (1,387) 1,522 6.46TC PIPELINES LP TCLP 02/23/07 466 36.9899 17 , 237 36.2000 16,869.20 (368) 1 ,230 7.29

03/29/07 634 36.5000 23,141 36.2000 22,950.80 (190) 1,673 7.29Subtotal 1,100 40,37 39,820.00w (558) 2,904 7.29

TEEKAY OFFSHORE PARTNERS TOO 03/14/07 500 31 . 2800 15 ,640 25.1500 12,575 .00 (3,065) 567 4.51L P 03/29/07 100 29 .6400 2,964 25 . 1500 2,515.00 (449) 113 4.51

03/29/07 200 29.7000 5 ,940 25.1500 5,030.00 (910) 227 4.5103/29/07 400 29.7600 11,904 25 .1500 10,060.00 (1,844) 454 4.51

Subtotal 1,200 36, 448 30, 180.00v (6,268) 1,362 4.57

TOTAL 204,632 200,310.86 (4,319) 10,894 5.44

2 ® (130,732 )

csUl 'iles cos - 73, Quo 1=MV 71,5So

4 I II11(1111111U 1111111111111114114 L414I 111144444 I^44144111 ^^4^^ 4444 4 Bailey Family Foundationj

charèsscHWABFEIN #: 54-18507802007 Part II Balance Sheet

Schwab One® Account of (c) Fair Market ValueBAILEY FAMILY FOUNDATION , INC. Schedule L - 9 Pg. 1 of 2

Investment Detail - Other AssetsAccounting MethodOther Assets : First In First Out (FIFO)

,M 4T "EllMW .m

% ofAccount Unrealized

Quantity Market Price Market Value Assets Gain or (Loss)

Other Assets Cost Basis

ISHARES MSCI BRAZIL INDX 6,000.0000 80.7000 484,200.00 26% 227,810.05BRAZIL FREE INDEX FUND 256,389.95SYMBOL: EWZ

ISHARES MSCI EMRG MKT FD 0 1,930 .0000 150.3000 290,079.00 15% 96,226.13EMERGING MARKETS INDX FD 193,852.87SYMBOL: EEM

ISHARES TRUST INDEX FUND 0 6,474.6589 170.4500 1,103 ,605.61 591% 594,548.25

FTSE XINHUA HK CHINA 25 509,057.36SYMBOL: FXI

Schwab has provided accurate gain and loss Information wherever possible for most Investments. Cost basis data may be Incomplete or unavailable for some of your holdings.Page S ,L

41Please see "Endnotes for Your Account" section for an explanation of the endnote codes and symbols on this statement.

CTC04807-007163 589447

1 0 2007 Charles Sdiwab & Co.. Inc . Ail rights reserved Member SIPC. (0004.12883 . 2002-240) STP25264R1 FsW

charlesscHvnsBailey Family FoundationFEIN #: 54-18507802007 Part II Balance Sheet

Schwab one® Account of ( c ) Fair market ValueBAILEY FAMILY FOUNDATION, INC. Schedule L - 9 Pg. 2 of 2

Change in Account Value This Period Year to Date Account Value ($) Over Last 12 Months [in Thousands]

Starting Value $ 0.00 $ 0.00Cash Value of Purchase & Sal 0 00s es . 0.00 2100Investments Purchased/Sold 000 0 00. . nsoDeposits & Withdrawals 0.00 0.00 1400Dividends & Interest 0.00 0.00 1050Fees & Charges 0.00 0.00 700Transfers 1,902,488.19 1,902,488.19 3WIncome Reinvested 0.00 0.00 0Change In Value of Investments (24,603.58) (24,603.58), 1107 2/07 3/07 4/07 5/07 6107 7/07 8/07 9/07 10/07 11 /07 12/07

Ending Value on 12/31/2007 $ 1,877,884.61 $ 1 ,877,884.61

Asset Composition Market Value % of Account Assets

Other Assets $ 1,877,884.61 100%

Total Assets Long $1 ,877,884.61

Gain or (Loss) SummaRealized Gain or (Loss) This PeriodComplete realized gain/loss Information may beunavailable for this statement period. This Informationwill be reported beginning with your next statement.

Unrealized Gain or (Loss)

All Investments $918,584.43Values may not reflect all of your galnsAosses.

Schwab has provided accurate gain and loss Information wherever possible for most Investments . Cost basis data may be Incomplete or unavailable for some of your holdings .Page

2

Please see " Endnotes for Your Account" section for an explanation of the endnote codes and symbols on this statement.

CTC04807-087163 569448

0 2007 Chanel Sdiwab & Co.. Inc. AS netts reserved Member SIPC. (0004.12863.2002 -240) STP2s284R1 FsW

is 1 2007 - Foundationcenter

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