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2008 CASH AND INVESTMENT ACTIVITY <br />PRINTED 02/20/2008 <br />BV <br />STATED <br />PRIN <br />SOLD/ <br />PRIN <br />CITY <br />MAT <br />SECURITY <br />BAL <br />PURCH <br />MATURE <br />BAL <br />INVEST# <br />DATE BROKER <br />DESCRIP <br />CUSIP <br />01/01/2008 <br />2008 <br />2007 <br />12/31/2008 <br />PAR <br />YTM <br />031030A <br />11/25/2018 UBS <br />FNR 2003 -113KA <br />31393T2P0 <br />116,449.85 <br />0.21 <br />116,449.64 <br />197,000 <br />4.50 <br />040430 <br />04/25/2019 UBS <br />FNR- 2004 -31 -DA <br />31393YAJ4 <br />258,815.99 <br />4.92 <br />258,811.07 <br />500,000 <br />4.50 <br />040730A <br />07/15/2019 UBS <br />FHR 2822 DB <br />31395C3S8 <br />350,396.00 <br />4.38 <br />350,391.62 <br />500,000 <br />5.00 <br />040730B <br />07/15/2019 UBS <br />FHR 2822 DQ - <br />31395C3U3 <br />254,408.17 <br />4.93 <br />254,403.24 <br />500,000 - <br />5.00% <br />040830 <br />08252019 UBS <br />FNR 2004 68 BT <br />31394AYU4 <br />142,575.04 <br />0.00 <br />142,575.04 <br />500,000 <br />970625 <br />02252021 UBS <br />FNMA FNR- 1991 -7 B <br />31358FZW2 <br />4,000.00 <br />0.00 <br />4,000.00 <br />129,000 <br />7.84% <br />000417 <br />08/152021 UBS <br />FHLMC REMIC 18le <br />312904AU9C <br />6,817.07 <br />399.21 <br />6,417.86 <br />88,604 <br />7.00% <br />970917B <br />09/152021 UBS <br />FHLMC REMIC SERL <br />312904GT6C <br />12,561.65 <br />310.73 <br />12,250.92 <br />255,714 <br />7.21% <br />030930B <br />01/152022 UBS <br />FHR 2681 PG <br />31394J6P7 <br />107,052.71 <br />0.00 <br />107,052.71 <br />500,000 <br />4.23% <br />001127 <br />07252022 UBS <br />FNR G92 -35 <br />31358PHV2C <br />6,278.36 <br />62.14 <br />6,216.22 <br />75,215 <br />7.49% <br />0210004 <br />08/252022 UBS <br />FNR 1992 -125L <br />31358PS40C <br />7,708.70 <br />57.21 <br />7,651.49 <br />52,000 <br />7.00% <br />020826 <br />10/152022 UBS <br />FHR 1391D <br />312912LUO <br />6,778.98 <br />124.18 <br />6,654.80 <br />59,990 <br />6.00 <br />011130 <br />05/1512023 UBS <br />FHR 1630 PJ <br />3133T2CP3C <br />12,462.14 <br />811.92 <br />11,650.22 <br />.50,000_ <br />6.00 <br />010328 <br />06252023 UBS <br />FHG14A <br />312916PDSR <br />24,000.00 <br />0.00 <br />24,000.00- <br />152,000 <br />- 6.00% <br />020816C <br />07252023 UBS <br />FNR 1994 -30J <br />31359GB54 <br />9,500.00 <br />813.13 <br />8,686.87 <br />90,000 <br />6.50% <br />031030C <br />10/152023 UBS <br />FHR 2687 DA <br />31394K5D2 <br />201,994.39 <br />0.00 <br />201,994.39 <br />500,000 <br />4.52% <br />031030D <br />10/252023 UBS <br />FNR 2003-115A <br />31393TW36 <br />93,160.56 <br />0.00 <br />93,160.56 <br />300,000 <br />4.50% <br />040130 <br />01/25/2024 UBS <br />FNR 2004 -2JA <br />31393U3X9 <br />83,634.49 <br />2.98 <br />83,631.51 <br />300,000. <br />4.55% <br />020816B <br />01/252024 UBS <br />FNR G94 -213 <br />31359GR40 <br />5,080.73 <br />132.70 <br />4,948.03 <br />46,221 <br />6.45% <br />030829 <br />0525/2033 UBS <br />FNR 2003 -93 KE <br />31393EXU8C <br />(0.08) <br />0.00 <br />-0.08 <br />500,000.00 <br />5.50% <br />030730D <br />08252033 UBS <br />FNR 2003 -74-KX <br />31393ECT4C <br />181,837.04 <br />0.00 <br />181,837.04 <br />500,000.00 <br />3.90% <br />'040712A <br />06/152034 UBS <br />FHR 2804 XM <br />31395ARHO <br />104,385.09 <br />1,729.50 <br />102,655.59 <br />350,000 <br />4.75% <br />6,064,454.49 <br />Money Mkt <br />0.00 <br />0.00 <br />_ <br />TOTAL INVESTMENTS <br />48,871,629.23 <br />6,267,000.00 <br />10,905,760.19 <br />44,232,869.04 <br />Unamortized Premiums <br />678,912.43 <br />5,000.00 <br />683,912.43 <br />Unamortized Discounts <br />(2,170,181.50) <br />- 29,619.84 <br />- 2,199,801.34 <br />Bank of the West Checking <br />0.00 <br />Village Bank Checking <br />4,279,381.64 <br />11,916,343.49 <br />9,042,176.28 <br />7,153,548.85 <br />- <br />Money Market Accounts <br />629,591.45 <br />2,373.77 <br />631,965.22 <br />Net Cash and Investments <br />52,289,333.25 <br />18,161,097.42 <br />19,947,936.47 <br />50,502,494.20 <br />PRINTED 02/20/2008 <br />