| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| JP Morgan Equity Inc A | AT COST | 250,000 | 406,072 |
| AFLAC Inc-5.5%,9/15/52 | AT COST | ||
| Comcast Corp-5%,12/15/61 | AT COST | ||
| Entergy Arkansas-4.9%,12/1/52 | AT COST | 289,273 | 302,641 |
| GE Capital Corp-4.875%,10/15/52 | AT COST | 150,000 | 149,400 |
| Nextera-5.125%,11/15/72 | AT COST | 251,569 | 249,700 |
| Stanley Blacker Ser I-5.7%,7/25/52 | AT COST | 125,000 | 126,100 |
| Duke Energy Corp-5.125%,1/15/73 | AT COST | 125,000 | 126,750 |
| Entergy Arkansas-4.75%,6/1/63 | AT COST | 125,000 | 124,650 |
| Entergy Louisiana LLC-4.7%,6/1/63 | AT COST | 125,000 | 124,100 |
| GE Capital Corp-4.7%,5/16/53 | AT COST | 125,000 | 124,800 |
| GE Capital Corp-4.875%,1/29/53 | AT COST | 125,000 | 125,300 |
| Nextera Energy Cap-5%,1/15/73 | AT COST | 100,000 | 99,840 |
| Prudential Fin'l-5.7%,3/15/53 | AT COST | 125,000 | 126,450 |
| Qwest Corp-6.125%,6/1/53 | AT COST | 178,393 | 154,000 |
| WR Berkley Corp-5.625%,4/30/53 | AT COST | 257,376 | 252,200 |
| Zions Bancorp-6.95%,9/15/28 | AT COST | 252,834 | 301,500 |
| Qwest Corp-6.875%,10/1/54 | AT COST | 125,000 | 117,700 |
| Verizon Communications-5.9%,2/15/54 | AT COST | 125,000 | 131,900 |
| Ishares Select Div ETF | AT COST | 325,632 | 394,240 |
| Southern Co-6.25%,10/15/75 | AT COST | 125,000 | 134,950 |
| BOK Financial-5.375%,6/30/56 | AT COST | 50,000 | 51,220 |
| Entergy Arkansas-4.875%,9/1/66 | AT COST | 483,727 | 513,557 |
| Entergy Louisiana LLC-4.875%,9/1/66 | AT COST | 391,737 | 397,120 |
| Entergy Mississippi-4.9%,10/1/66 | AT COST | 615,885 | 628,750 |
| Legg Mason Inc-5.45%,9/15/56 | AT COST | 125,000 | 126,300 |
| Nextera Energy Cap-K-5.25%,6/1/76 | AT COST | 675,552 | 690,390 |
| Southern Co-6.25%,-A,10/1/54 | AT COST | 625,239 | 642,500 |
| AT&T Inc-5.35%,11/1/66 | AT COST | 250,000 | 260,900 |
| Georgia Power Co-5%,10/1/77 | AT COST | 255,602 | 256,100 |
| Southern Co-5.25%,12/1/77 | AT COST | 200,712 | 203,600 |
| Stifel Fin'l-5.2%,10/15/47 | AT COST | 50,000 | 49,860 |
| Industrial Sel Sec SPDR Fd | AT COST | 113,600 | 113,505 |
| SPRD S&P 500EFT Trust | AT COST | 253,547 | 266,860 |