| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1400M WELLS FARGO COMPANY | 0 | 0 |
| 1600M GE CAPITAL INTERNOTES | 1,600,005 | 1,644,592 |
| 500M AT&T, INC. | 507,642 | 568,480 |
| 1865M PFIZER, INC. | 1,935,032 | 2,182,871 |
| 500M MERRILL LYNCH & CO., INC. | 513,657 | 583,920 |
| 250M GENL ELECTRIC CAP CORP NOTE | 259,153 | 342,130 |
| 500M GOLDMAN SACHS GROUP INC | 479,488 | 572,845 |
| 500M VALERO ENERGY CORP NOTES | 570,153 | 680,460 |