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        <DateAcquired>2009-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-01</DateSold>
        <GrossSalesPrice>20000</GrossSalesPrice>
        <Basis>20006</Basis>
        <TotalNet>-6</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>25M NOTES - NAT'L. CITY CORP.</Name>
        <DateAcquired>2009-04</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-02</DateSold>
        <GrossSalesPrice>25000</GrossSalesPrice>
        <Basis>23693</Basis>
        <TotalNet>1307</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>25M - ROYAL BANK OF CANADA (3/31/14)</Name>
        <DateAcquired>2009-03</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-02</DateSold>
        <GrossSalesPrice>30519</GrossSalesPrice>
        <Basis>25000</Basis>
        <TotalNet>5519</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>75M BONDS - FREEPORT MCMORAN COOPER</Name>
        <DateAcquired>2009-03</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-04</DateSold>
        <GrossSalesPrice>78094</GrossSalesPrice>
        <Basis>69178</Basis>
        <TotalNet>8916</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>50M BONDS - FORD MOTOR CREDIT CO</Name>
        <DateAcquired>2010-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-04</DateSold>
        <GrossSalesPrice>50000</GrossSalesPrice>
        <Basis>48633</Basis>
        <TotalNet>1367</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>20M - ROYAL BANK OF CANADA (4/25/11)</Name>
        <DateAcquired>2008-04</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-04</DateSold>
        <GrossSalesPrice>20000</GrossSalesPrice>
        <Basis>20000</Basis>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>60M BOND - GEORGIA PACIFIC CORP.</Name>
        <DateAcquired>2005-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-05</DateSold>
        <GrossSalesPrice>60000</GrossSalesPrice>
        <Basis>60000</Basis>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>25M BOND - ALLIED WASTE NORTH AMER</Name>
        <DateAcquired>2009-10</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-05</DateSold>
        <GrossSalesPrice>25892</GrossSalesPrice>
        <Basis>25892</Basis>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>25M NOTES - DOW CHEMICAL CO.</Name>
        <DateAcquired>2010-05</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-06</DateSold>
        <GrossSalesPrice>25000</GrossSalesPrice>
        <Basis>25003</Basis>
        <TotalNet>-3</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>75 UNITS - UIT CLAYMORE GUGGENHEIM</Name>
        <DateAcquired>2009-10</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-04</DateSold>
        <GrossSalesPrice>4358</GrossSalesPrice>
        <Basis>4358</Basis>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>FIRST HORIZON ALTERNATIVE MTG SECS</Name>
        <DateAcquired>2010-02</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-01</DateSold>
        <GrossSalesPrice>284</GrossSalesPrice>
        <Basis>273</Basis>
        <TotalNet>11</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>BANC AMER FDG CORP SERIES 2005-8</Name>
        <DateAcquired>2009-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-02</DateSold>
        <GrossSalesPrice>2778</GrossSalesPrice>
        <Basis>3557</Basis>
        <TotalNet>-779</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>FIRST HORIZON ALTERNATIVE MTG SECS</Name>
        <DateAcquired>2010-02</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-02</DateSold>
        <GrossSalesPrice>1154</GrossSalesPrice>
        <Basis>1277</Basis>
        <TotalNet>-123</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>BANC AMER FDG CORP SERIES 2005-8</Name>
        <DateAcquired>2009-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-07</DateSold>
        <GrossSalesPrice>205</GrossSalesPrice>
        <Basis>199</Basis>
        <TotalNet>6</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>FIRST HORIZON ALTERNATIVE MTG SECS</Name>
        <DateAcquired>2010-02</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-07</DateSold>
        <GrossSalesPrice>161</GrossSalesPrice>
        <Basis>155</Basis>
        <TotalNet>6</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>BANC AMER FDG CORP SERIES 2005-8</Name>
        <DateAcquired>2009-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-10</DateSold>
        <GrossSalesPrice>764</GrossSalesPrice>
        <Basis>742</Basis>
        <TotalNet>22</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>FIRST HORIZON ALTERNATIVE MTG SECS</Name>
        <DateAcquired>2010-02</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-10</DateSold>
        <GrossSalesPrice>384</GrossSalesPrice>
        <Basis>369</Basis>
        <TotalNet>15</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>BANC AMER FDG CORP SERIES 2005-8</Name>
        <DateAcquired>2009-12</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-11</DateSold>
        <GrossSalesPrice>579</GrossSalesPrice>
        <Basis>563</Basis>
        <TotalNet>16</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>FIRST HORIZON ALTERNATIVE MTG SECS</Name>
        <DateAcquired>2010-02</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2010-11</DateSold>
        <GrossSalesPrice>446</GrossSalesPrice>
        <Basis>429</Basis>
        <TotalNet>17</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="RetDoc5">
      <InvestmentsCorpBonds>
        <NameOfBond>TAXABLE FIXED INCOME SECURITIES</NameOfBond>
        <EOYBookValue>1663217</EOYBookValue>
        <EOYFMV>1702280</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>MIXED ASSETS SECURITIES</NameOfBond>
        <EOYBookValue>17464</EOYBookValue>
        <EOYFMV>19216</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc6">
      <InvestmentsCorpStock>
        <NameOfStock>US EQUITIES</NameOfStock>
        <EOYBookValue>192391</EOYBookValue>
        <EOYFMV>183371</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>INTERNATIONAL EQUITIES</NameOfStock>
        <EOYBookValue>304</EOYBookValue>
        <EOYFMV>166</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc7">
      <StateLocalSecuritiesEOYBookVal>46428</StateLocalSecuritiesEOYBookVal>
      <StateLocalSecuritiesEOYFMV>48744</StateLocalSecuritiesEOYFMV>
    </InvestmentsGovtObligationsSch>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpenses>
        <Description>EXPENSES</Description>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BANK CHARGES</Description>
        <RevenueAndExpensesPerBooks>179</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>179</NetInvestmentIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc9">
      <Taxes>
        <Category>EXCISE TAX</Category>
        <Amount>2250</Amount>
      </Taxes>
      <Taxes>
        <Category>NJ ANNUAL REPORT</Category>
        <Amount>25</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>