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        <EOYBookValue>50000</EOYBookValue>
        <EOYFMV>50120</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4,000 SHS BAC CAPITAL TRUST 6.25% PFD</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,000 SHS BAC CAPITAL TRUST XII</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>12,000 SHS BARCLAYS BANK PLC 6.5/8% PFD</NameOfStock>
        <EOYBookValue>300000</EOYBookValue>
        <EOYFMV>300000</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,000 SHS CITIZENS FUNDING TR I</NameOfStock>
        <EOYBookValue>62584</EOYBookValue>
        <EOYFMV>61240</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,000 SHS COMCAST CORP</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,000 SHS COUNTRYWIDE CAPITAL V 7% PFD</NameOfStock>
        <EOYBookValue>50000</EOYBookValue>
        <EOYFMV>50380</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,000 SHS MORGAN STANLEY CAP TRST VI 6.6% PFD</NameOfStock>
        <EOYBookValue>50000</EOYBookValue>
        <EOYFMV>50400</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,000 SHS USB CAPITAL X 6.5% PFD</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1,000 SHS 6.45% MORGAN STANLEY CAP TRUST</NameOfStock>
        <EOYBookValue>25000</EOYBookValue>
        <EOYFMV>24890</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,000 SHS CITIGRP CAPITAL XIX</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,000 SHS AT&amp;T INC 6.375%</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>737 SHS FRONTIER COMMUNICATIONS</NameOfStock>
        <EOYBookValue>3668</EOYBookValue>
        <EOYFMV>3154</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2000 UNITS ROYAL BK SCOTLAND</NameOfStock>
        <EOYBookValue>31000</EOYBookValue>
        <EOYFMV>45040</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>955 EXPRESS SCRIPTS</NameOfStock>
        <EOYBookValue>13969</EOYBookValue>
        <EOYFMV>51570</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>FEDERAL TAX ON INVESTMENT INCOME</Category>
        <Amount>3000</Amount>
        <NetInvestmentIncome>3000</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>