| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VANGUARD SHORT-TERM FEDERAL FUND | AT COST | 3,937,660 | 3,905,245 |
| PERSHING | AT COST | 2,642,086 | 3,472,278 |
| MORGAN STANLEY | AT COST | 6,927,723 | 7,380,924 |
| SECURITIES - CATFISH | AT COST | 0 | 0 |