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INVESTMENT PORTFOLIO: 11/30107 <br />411A GENERAL In iAM Did. _M:il i, <br />$577.000 GE COMMERCIAL PAPER 4626% 0924107 0321108 $563.65928 <br />$219000 GE COMMERCIAL PAPER 4660% 10/18107 02/15108 $215.554.40 <br />$220,000 GE COMMERCIAL PAPER 4.542% 1121107 04115108 $216.074.22 <br />$995,28790 <br />GAIN. RAUSCHER- GENERAL <br />DEAN WITTER <br />GNMA POOL 23364 <br />9001A <br />09/0106 <br />09/15/06 <br />5122.16 <br />GNMA POOL 23356 <br />900% <br />1110108 <br />11115108 <br />$17544 <br />5100.000 STATESANKINDIA-CHICAGO.ILCIO <br />5.150% <br />09/14107 <br />03/14/08 <br />$100,00000 <br />5100000 GMAC BAN MIDVALE, UT CID <br />5.500% <br />09/19107 <br />12/19107 <br />5100,00000 <br />$47,000 WASHINGTON MUTUAL BANK NEVADA CN <br />5.100% <br />10/12/07 <br />01/17/08 <br />$47.000.00 <br />5100.000 BANK OF BARODAY NEW YORK C/O <br />5,150% <br />10/12/02 <br />02/12/08 <br />$100.00000 <br />$100,000 UNITED CENTRAL BANK GARLAND CID <br />5000% <br />10/11102 <br />04/30108 <br />5100,00000 <br />$25.000 COLONIAL BANK MONTGOMERY AL CID <br />4650% <br />1128102 <br />0520/08 <br />$25.000.00 <br />$100.000 COUNTRYWIDE BANK ALEXANDRIA VA CID <br />4,750% <br />1128102 <br />0528108 <br />5100,00000 <br />$100000 ETRADE BANK ARLINGTON VA CID <br />4700% <br />11130/02 <br />05/30108 <br />$100,00000 <br />$614000 GENERAL ELECTRIC COMM PAPER <br />5286% <br />08/07102 <br />12105/07 <br />5603,51604 <br />5100.000 FNMA MEDIUM TERM NOTE <br />600% <br />0728102 <br />0725/22 <br />$100,000.00 <br />5100,000 FARM MEDIUM TERM NOTE <br />$00% <br />0324/04 <br />04/0120 <br />5100,00000 <br />$100.000 FEDERAL HOME LOAN MORTGAGE 6.00% <br />600% <br />1125/05 <br />11/1520 <br />$10000000 <br />$100,000 FNMA MEDIUM TERM NOTE <br />6.207% <br />11/18/05 <br />102225 <br />$100,00000 <br />$100000 FRAM MEDIUM TERM NOTE <br />6.202% <br />11118/05 <br />1027/25 <br />5100,00000 <br />FED NATIONAL MORTGAGE ASSOCIATION <br />5.125 $fePUP <br />04/01105 <br />03/3021 <br />$1.225,81444 <br />4/M ARMY -WATER FILTRATION <br />FED NATIONAL MORTGAGE ASSOCIATION <br />533% <br />06114/05 <br />02/25115 <br />$ 100000 FEDERAL HOME LOAN MORTGAGE <br />5.00`,'0 <br />04/26/04 <br />04123114 <br />$100,00000 <br />S 100, 000 FEDERAL NATIONAL MORTGAGE ASSOCIATION/STEPUP <br />400-2.00% <br />09/15/04 <br />09115114 <br />5100.00000 <br />S 100,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION/STEP.UP <br />500700% <br />09116/04 <br />09/16116 <br />$100.00000 <br />$200000 FEDERAL NATIONAL MORTGAGE CORP <br />5.00% <br />01/20/05 <br />10/10113 <br />$200,00000 <br />S 130,000 FEDERAL HOME LOAN BANK <br />550%+ <br />01/31/05 <br />04/12119 <br />5130.00000 <br />$ 100,000 FEDERAL HOME LOAN BANK - STEPUP <br />450.700% <br />0228105 <br />02117112 <br />$100,00000 <br />5100000 FEDERAL HOME LOAN BANK-STEPUP <br />4.125./50% <br />05102105 <br />10/07116 <br />$100,000.00 <br />S 120.000 FEDERAL HOME LOAN BANK <br />550% <br />1125100 <br />112822 <br />$170000.00 <br />5 25,000 COWLITZ BANK LONGVIEW CID <br />5.200% <br />03/15107 <br />03/15/10 <br />$75,000.00 <br />5930,000 FED HOME LOAN MIG. ZERO COUPON <br />6050% <br />021111(15 <br />062323 <br />$121423.40 <br />724% <br />0420/93 <br />032523 <br />54.776.87 <br />$1.246,473,40 <br />GAIN RAUSCHER- HONEYWELL <br />03/18104 <br />04/12/19 <br />$100.000.00 <br />$175000- FNMACOUPON. 5520% <br />$100000 LASELLE BANK , ZERO COUPON BOND <br />6.25% <br />02119/03 <br />02/19/23 <br />$29,170.00 <br />5100.000 STANDARD FEDERALZEROCOUPON BOND <br />625% <br />02119/03 <br />0211923 <br />$29,12000 <br />5100,000 LASELLE BANK ZERO COUPON BOND <br />6.10% <br />03/30105 <br />0313025 <br />$3004192 <br />$100000 STANDARD FEDERAL . ZERO COUPON BOND <br />6.10% <br />03/30/05 <br />0313025 <br />$30.041.92 <br />$ 95, 000 CITIZENS NATIONAL BANK CID <br />5250% <br />0023/07 <br />0228111 <br />$9500000 <br />S 26.000 REPUBLIC BANK LOUISVILLE KY CID <br />4.950% <br />12/05/07 <br />03109100 <br />$26.00000 <br />$15000 FEDERAL HOME LOAN MORTGAGE <br />5.50% <br />03/15/04 <br />12115115 <br />$1500000 <br />$100000 FEDERAL HOME LOAN MORTGAGE <br />5.00% <br />0423/04 <br />07109/18 <br />$94,25000 <br />5100,000 FEDERAL HOME LOAN MORTGAGE <br />504% <br />04/23/04 <br />06,18116 <br />$94.62500 <br />$100,000 FED NATIONAL MORTGAGE ASSOCIATION <br />6.00°% <br />0227/04 <br />02/12/24 <br />$100.00000 <br />$100.000 FEDERAL HOME LOAN MORTGAGE <br />600% <br />11105/05 <br />1110800 <br />510000000 <br />595.000 FEDERAL 11016E LOAN MORTGAGE <br />6.25% <br />02/02/06 <br />11/1521 <br />$95.00000 <br />$ 12.000 FEDERAL HOME LOAN MORTGAGE <br />6.25% <br />02/0/06 <br />12115M <br />512,00000 <br />$100.000 FED NATIONAL MORTGAGE ASSOCIATION <br />6265% <br />03/02/06 <br />02IM26 <br />$99.82241 <br />5100000 FED NATIONAL MORTGAGE ASSOCIATION <br />6.265% <br />03/02/06 <br />0210626 <br />$99.82241 <br />$ 50.000 FEDERAL HOME LOAN MORTGAGE <br />6.10% <br />0222/02 <br />0111522 <br />549.96438 <br />$999,928.14 <br />5969,276.67 <br />TOTAL BOOK VALUE 50,352,37160 <br />Tiin¢121132007 MONTI'ILY INVESTMENT REPORT NOV 2007INVESTI <br />DEAN WITTER <br />$520.000 <br />MERRILL LYNCH ZERO COUPON BOND <br />600.4 <br />0924/02 <br />09/15/16 <br />$19947.00 <br />5210.000 <br />GE COMMERCIAL PAPER <br />4.500%e <br />1121107 <br />02MICS <br />$202,585.00 <br />$60.000 <br />DISCOVER BANK GREENWOOD CID <br />530% <br />OV14107 <br />05/14/08 <br />$60,00000 <br />S10ORNO <br />MIDFIRST BANK OKLAHOMA CID <br />550% <br />06114/02 <br />12114112 <br />$10000000 <br />550000 <br />BANCO SANTANDER CID <br />5.50% <br />02/18107 <br />1129/12 <br />550,00000 <br />$100000 <br />NATIONAL BANK SOUTH CAROLINA <br />4,WK4 <br />11/30/07 <br />05/30/08 <br />510000000 <br />$200000 <br />FED HOME LOAN BANK MED TERM NOTE <br />5.976% <br />1022/02 <br />1022/27 <br />5200,00000 <br />5100000 <br />FED HOME LOAN BANK MED TERM NOTE <br />6.00% <br />1126/02 <br />102227 <br />$10000000 <br />5200000 <br />FNMA MEDIUM TERM NOTE <br />5.00°G <br />03/10/04 <br />09/12/13 <br />5200.00000 <br />$200.000 <br />FNMA MEDIUM TERM NOTE <br />5.00% <br />03/10/04 <br />03119114 <br />$20000000 <br />550,000 <br />FNMA MEDIUM TERM NOTE <br />5.54% <br />03/19/04 <br />03111119 <br />$50.00000 <br />$100000 <br />FED NATIONAL MORTGAGE ASSOCIATION <br />5.65% <br />11117/04 <br />ID28119 <br />$100,00000 <br />$100.000 <br />FED NATIONAL MORTGAGE ASSOCIATION <br />565% <br />0120/05 <br />1028119 <br />$100.00000 <br />5100,000 <br />FED NATIONAL MORTGAGE ASSOCIATION <br />5.125 $fePUP <br />04/01105 <br />03/3021 <br />$100.00000 <br />$200000 <br />FED NATIONAL MORTGAGE ASSOCIATION <br />533% <br />06114/05 <br />02/25115 <br />$200,00000 <br />$100000 <br />FED NATIONAL MORTGAGE ASSOCIATION <br />6250.825% <br />0622105 <br />04/13/15 <br />$100.12500 <br />$100.000 <br />FED HOME LOAN BANK <br />4250% <br />0826/05 <br />06/09/08 <br />$100.000.00 <br />5100000 <br />FED HOME LOAN BANK <br />475% <br />0820/05 <br />10/19/10 <br />$100,000.00 <br />$100,000 <br />FED HOME LOAN BANK <br />525% <br />09101,05 <br />02/17/15 <br />$100.00000 <br />$90,000 <br />FED NATIONAL MORTGAGE ASSOCIATION <br />533% <br />11130,05 <br />04/04/13 <br />$90000.00 <br />5199.904 <br />FED HOME LOAN BANK LIED TERM NOTE <br />5.225% <br />10/11105 <br />1 I 9112 <br />$199.903.05 <br />$206509065 <br />RAIN RAUCHER-. REAL <br />$200000 -FNMA -9334 PA) <br />724% <br />0420/93 <br />032523 <br />54.776.87 <br />$100.000- FHLMC MEDIUM TERM NOTE - STEPUP <br />4.00650% <br />03/18104 <br />04/12/19 <br />$100.000.00 <br />$175000- FNMACOUPON. 5520% <br />5.520% <br />03130/04 <br />04112/19 <br />5125,000.00 <br />$200.000 ERMA COUPON - STEPUP <br />400 600% <br />03101104 <br />02110112 <br />$200000.00 <br />5100000- BANCOISANTANDER. STEP UP <br />Silo% <br />08117/05 <br />02/11111 <br />$100.000.00 <br />$90,000 FNMA. <br />STEP UP 4.50% 550`6 <br />4.50.5.50% <br />10105107 <br />10,01,10 <br />$90.000.00 <br />5969,276.67 <br />TOTAL BOOK VALUE 50,352,37160 <br />Tiin¢121132007 MONTI'ILY INVESTMENT REPORT NOV 2007INVESTI <br />