| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1600M GE CAPITAL INTERNOTES | 0 | 0 |
| 500M AT&T, INC. | 505,789 | 551,510 |
| 1865M PFIZER, INC. | 1,918,380 | 2,100,363 |
| 500M MERRILL LYNCH & CO., INC. | 510,130 | 561,635 |
| 250M GENL ELECTRIC CAP CORP NOTE | 258,621 | 326,117 |
| 500M GOLDMAN SACHS GROUP INC | 481,192 | 559,295 |
| 500M VALERO ENERGY CORP NOTES | 565,614 | 647,645 |