| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1400M WELLS FARGO COMPANY | 1,413,034 | 1,604,288 |
| 1600M GE CAPITAL INTERNOTES | 1,600,005 | 1,716,976 |
| 500M AT&T, INC. | 509,495 | 571,390 |
| 1865M PFIZER, INC. | 1,951,684 | 2,212,822 |
| 500M MERRILL LYNCH & CO., INC. | 517,184 | 600,555 |
| 250M GENL ELECTRIC CAP CORP NOTE | 259,685 | 311,250 |
| 500M GOLDMAN SACHS GROUP INC | 477,784 | 533,715 |
| 500M VALERO ENERGY CORP NOTES | 574,692 | 643,765 |