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12-07-09
a8~o,43~ ~~ COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION SARAH MCCREA CHAPMAN JONES CHARITABLE REMAINDER TRUST UNDER WILL DATED 9/8/76, CODICIL DATED 10/6/77 F/B/0 ALFRED MCCREA CHAPMAN FIRST AND PARTIAL ACCOUNT OF Manufacturers and Traders Trust Company, Successor to Keystone Financial Bank, N.A., Successor to Financial Trust Services Company, Successor Farmers Trust Company and John McCrea, III, Co-Trustees Date of Death: Sarah McCrea Chapman Jones July 28, 1978 Date of Trustee's First Receipt of Funds: October 16, 1985 Accounting for the Period: October 16, 1985 to November 12, 2009 Purpose of Account: The Co-Trustees offer this Account to acquaint interested parties with the transactions that have occurred during the administration of the Trust. It is important that the Account be carefully examined. Requests for additional information, questions or objections can be discussed with: David C. Gority Manufacturers and Traders Trust Company 1 West High Street Carlisle, PA 17013 (717) 240-4505 w ~ ~;;- © _ 1~ ! °.. f'*'1 r.r ~...,:~ v ~ "j ~~ ~~.~~ _.. ,. ~ PRINCIPAL RECEIPTS RECEIVED FROM ESTATE OF SARAH M. CHAPMAN JONES: Common Stocks 1,500 Shs. Dart & Kraft Incorporated 489 Shs. Du Pont E I De Nemours & Company 1,600 Shs. Exxon Corporation 400 Shs. General Electric Company 1,000 Shs. GTE Corporation 500 Shs. ITT Corporation 1,000 Shs. Pennsylvania Power & Light Company 1,000 Shs. Riggs National Corporation Washington DC 19, 152.50 36,800.00 10,712.50 33,806.25 15,062.50 21,250.00 18,625.00 Principal Cash _S__UBSEQUENT RECEIPTS CASH: 01/16/86 Received from Estate of Sarah M. Chapman Jones - Principal Cash $ 2,553.32 01/02/87 Received Balance from Trust under Will f/b/o Elizabeth McCrea - Principal Cash 9,333.07 01/30/90 Transfer from Income - Undistributed Income for Tax Year 1989 1,090.42 02/05/91 Transfer from Income - Undistributed Income for 1990 5,995.31 FORWARD $ 23,562.50 $ 178,971.25 218,799.66 $ 397,770.91 18,972.12 $ 397,770.91 - 3 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS GAIN LOSS 11/24/86 John McCrea III Note - Partial Payment Net Proceeds 1,428.53 Acquisition Value 1,428.53 12/11/86 375 Shs. Premark International Incorporated Net Proceeds 7,256.00 Acquisition Value 1,968.34 $ 5,287.66 09/30/87 1,000 Shs. Whirlpool Corporation Net Proceeds 36,559.79 Acquisition Value 32,685.00 3,874.79 09/19/88 500 Shs. GTE Corporation Net Proceeds 21,069.29 Acquisition Value 11,268.75 9,800.54 09/19/88 500 Shs. ITT Corporation Net Proceeds 24,429.17 Acquisition Value 15,062.50 9,366.67 09/19/88 500 Shs. Kraft Incorporated Net Proceeds ~ 28,784.03 Acquisition Value 7,198.05 21,585.98 09/19/88 500 Shs. Riggs National Corporation Washington DC Net Proceeds 10,015.00 Acquisition Value 4,656.25 5,358.75 09/19/88 1,200 Shs. Exxon Corporation Net Proceeds 53,434.21 Acquisition Value 13,800.00 39,634.21 10/31/88 1,000 Shs. Kraft Incorporated Net Proceeds 102,271.58 Acquisition Value 14,396.11 87,875.47 02/24/89 500 Shs. Riggs National Corporation Washington DC Net Proceeds 12,119.08 Acquisition Value _ 4,656.25 7,462.83 FORWARD $ 190,246.90 - 5 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS (cont'd) FORWARD 11/19/91 $50,000 Federal National Mortgage Assn 9.55% due 11/12/91 Net Proceeds 50,000.00 Acquisition Value 50,000.00 02/05/92 500 Shs. Aluminum Company of America Net Proceeds 33,887.87 Acquisition Value 34,114.16 02/18/92 $50,000 US Treasury Note 9.1250 due 2/15/92 Net Proceeds 50,000.00 Acquisition Value 49,765.62 03/20/92 $50,000 Republic National Bank NY Notes 10.40 due 3/15/94 Net Proceeds 50,000.00 Acquisition Value 49,906.00 03/25/92 $50,000 Federal Home Loan Banks 6.550 due 3/25/92 Net Proceeds 50,000.00 Acquisition Value 50,000.00 04/06/93 $50,000 Federal Home Loan Banks 6.48s due 4/3/95 Net Proceeds 50,000.00 Acquisition Value 50,000.00 12/31/93 1,000 Shs. Westinghouse Electric Corporation Net Proceeds 13,888.22 Acquisition Value 32,797.75 02/25/94 $25,000 Federal Home Loan Banks 9.6% due 2/25/94 Net Proceeds 25,000.00 Acquisition Value 25,000.00 GAIN LOSS $ 272,991.63 $ 4,288.07 226.29 234.38 94.00 18,909.53 FORWARD $ 273,320.01 $ 23,423.89 - 7 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS (cont'd) FORWARD 10/21/96 1,000 Shs. Airtouch Communications Net Proceeds 25,024.16 Acquisition Value 9,321.46 01/29/97 600 Shs. General Electric Company Net Proceeds 61,379.13 Acquisition Value 4,017.19 04/04/97 800 Shs. Raytheon Company Net Proceeds 35,234.82 Acquisition Value 26,744.64 04/15/97 0.45 Shs. SBC Communications Incorporated Net Proceeds 23.05 Acquisition Value 8.67 05/14/97 $25,000 SLMA Med Term Notes 5.750 due 8/1/98 Net Proceeds 24,820.32 Acquisition Value 24,875.00 08/13/97 400 Shs. Nationsbank Corporation Net Proceeds 26,739.10 Acquisition Value 8,044.67 08/13/97 500 Shs. General Electric Company Net Proceeds 33,855.12 Acquisition Value 1,673.83 08/15/97 $50,000 Federal Home Loan Mortgage Corporation 6.525% due 7/21/00 Net Proceeds 50,000.00 Acquisition Value 50,000.00 10/30/97 $50,000 US Treasury Notes 5.75 due 1/31/98 Net Proceeds 50,000.00 Acquisition Value 48,984.37 FORWARD GAIN $ 301, 887.92 $ 15,702.70 57,361.94 8,490.18 14.38 23,423.89 54.68 18,694.43 32,181.29 1, 015.63 $ 435,348.47 $ 23,478.57 LOSS - 9 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS (cont'd) GAIN LOSS FORWARD $ 463,537.60 $ 23,478.57 04/15/99 $50,000 US Treasury Notes 7% due 4/15/99 Net Proceeds 50,000.00 Acquisition Value 49,875.00 125.00 07/15/99 $50,000 US Treasury Notes 6.375% due 7/15/99 Net Proceeds 50,000.00 Acquisition Value 50,000.00 12/16/99 300 Shs. Exxon Mobil Corporation Net Proceeds 24,587.93 Acquisition Value 1,725.00 22,862.93 12/16/99 500 Shs. General Electric Company Net Proceeds 74,391.26 Acquisition Value 1,673.83 72,717.43 01/31/00 $50,000 US Treasury Notes 7 .750 due 1/31/00 Net Proceeds 50,000.00 Acquisition Value 49,922.57 77.43 04/24/00 $50,000 Federal Farm Credit Bank 5.650 due 4/24/00 Net Proceeds 50,000.00 Acquisition Value 50,000.00 06/06/00 1,000 Shs. General Electric Company Net Proceeds 51,773.27 Acquisition Value 1,115.88 50,657.39 06/06/00 500 Shs. Goodyear Tire & Rubber Net Proceeds 13 Acquisition Value 21 08/02/00 0.933 Shs. Visteon Corporation Net Proceeds Acquisition Value FORWARD Company ,080.81 ,612.50 8,531.69 12.57 4.70 7.87 $ 609, 985.65 $ 32, 010.26 - 11 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS (cont'd) FORWARD 12/04/03 1,748 Shs. Ford Motor Company Net Proceeds 22,845.28 Acquisition Value 16,123.86 12/04/03 130 Shs. Visteon Corporation Net Proceeds 1,158.24 Acquisition Value 654.96 03/08/04 $50,000 Federal Home Loan Banks 7.50 due 3/8/07 Net Proceeds 50,000.00 Acquisition Value 50,000.00 04/07/04 1,000 Shs. Exxon Mobil Corporation Net Proceeds 41,830.42 Acquisition Value 2,875.00 07/15/04 $50,000 Wells Fargo & Company 6.6250 due 7/15/04 Net Proceeds 50,000.00 Acquisition Value 49,972.50 08/13/04 $50,000 Federal Home Loan Banks 6.250 due 8/13/04 Net Proceeds 50,000.00 Acquisition Value 50,000.00 12/16/04 0.1515 Shs. Neenah Paper Incorporated Net Proceeds 4.59 Acquisition Value 4.16 12/27/04 15 Shs. Neenah Paper Incorporated Net Proceeds 480.73 Acquisition Value 412.17 02/15/05 $50,000 Federal National Mortgage Assn 7.1250 due 2/15/05 Net Proceeds 50,000.00 Acquisition Value 50,000.00 GAIN LOSS $ 610,279.99 $ 32,010.26 6, 721.42 503.28 38,955.42 27.50 .43 68.56 FORWARD $ 656,556.60 $ 32,010.26 - 13 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS (cont'd) FORWARD 02/16/06 220 Shs. Verizon Communications Net Proceeds 7,239.97 Acquisition Value 2,032.07 03/27/06 1,000 Shs. AT&T Incorporated Net Proceeds 26,749.17 Acquisition Value 9,629.87 05/12/06 $50,000 Federal Home Loan Banks 5.83% due 5/12/06 Net Proceeds 50,000.00 Acquisition Value 49,520.00 12/15/06 Long Term Capital Gain Distribution on Boston Company International Small Cap Fund Net Proceeds 2,521.85 Acquisition Value .00 12/15/06 Long Term Capital Gain Distribution on Bridgeway Ultra Small Co. Mkt Fd Net Proceeds 516.61 Acquisition Value .00 12/19/06 Long Term Capital Gain Distribution on CRM Mid Cap Value Fd-Instl #32 Net Proceeds 1,012.50 Acquisition Value .00 12/20/06 Long Term Capital Gain Distribution on Harbor International Fund #11 Net Proceeds 1,291.30 Acquisition Value .00 04/16/07 0.2144 Shs. Kraft Foods Incorporated CL A Net Proceeds 6.75 Acquisition Value 3.09 07/30/07 50 Shs. Idearc Incorporated Net Proceeds 1,815.47 Acquisition Value 350.98 FORWARD $ GAIN LOSS $ 772,939.88 $ 33,048.02 5,207.90 17,119.30 480.00 2, 521.85 516.61 1, 012.50 1, 291.30 3.66 1,464.49 802,557.49 $ 33,048.02 - 15 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS (cont'd) FORWARD 12/29/08 18 Shs. Fairpoint Communications Incorporated Net Proceeds 54.89 Acquisition Value 36.50 TOTALS NET GAIN TRANSFERRED TO SUMMARY GAIN LOSS $ 812,532.68 $ 33,048.02 18.39 $ 812,551.07 $ 33,048.02 $ 779,503.05 --------------- --------------- - 17 - DISBURSEMENTS OF PRINCIPAL FIDUCIARY FEES Bank Management Fee 11/26/01 12/17/01 01/15/02 02/15/02 03/15/02 04/15/02 05/15/02 06/17/02 07/15/02 08/15/02 09/16/02 10/15/02 11/15/02 12/16/02 01/15/03 02/18/03 03/17/03 04/15/03 05/15/03 06/16/03 07/15/03 08/15/03 09/15/03 10/15/03 11/17/03 12/15/03 01/15/04 02/17/04 03/15/04 04/15/04 05/17/04 06/15/04 07/15/04 08/16/04 09/15/04 10/15/04 11/15/04 12/15/04 01/18/05 02/15/05 03/15/05 04/15/05 05/16/05 06/15/05 07/15/05 610.91 408.92 411.55 409.72 406.43 399.74 400.09 396.32 389.12 388.29 381.44 375.90 382.57 385.45 389.97 378.76 377.34 370.19 376.69 383.54 384.60 382.42 413.58 412.39 398.05 398.47 422.05 424.34 410.98 401.54 396.20 398.24 399.39 373.58 383.07 378.85 387.25 389.67 391.03 398.47 388.64 381.04 375.17 382.58 380.97 FORWARD $ 17,875.51 - 19 - DISBURSEMENTS OF PRINCIPAL (cont'd) FORWARD $ 13,089.57 $ 25,527.09 FIDUCIARY FEES (cont'd) Manufacturers and Traders Trust Compan Trustee Fee (cont'd) 05/14/01 827.16 06/14/01 827 39 07/13/01 822 88 08/14/01 832.18 09/14/01 819.89 10/16/01 814.22 09/15/06 713.90 10/16/06 718.44 11/15/06 733.36 12/15/06 741.15 01/16/07 737.43 02/15/07 745.93 03/15/07 732.40 04/16/07 740.35 05/15/07 753.06 06/15/07 751.62 07/16/07 754.18 08/15/07 736.55 09/17/07 753.51 10/15/07 764.29 11/15/07 750.71 12/17/07 751.60 01/15/08 745.05 02/15/08 725.54 03/17/08 717.27 04/15/08 720.42 05/15/08 728.88 06/16/08 714.71 07/15/08 687.38 08/15/08 695.74 09/15/08 694.91 10/15/08 610.18 11/17/08 578.73 12/15/08 589.70 01/15/09 573.83 02/17/09 562.91 03/16/09 538.34 04/13/09 557.20 05/15/09 574.63 06/15/09 592.15 07/15/09 574.64 08/17/09 606.77 FORWARD $ 42,700.75 $ 25,527.09 - 21 - DISBURSEMENTS OF PRINCIPAL (cont' d) FIDUCIARY FEES (cont'd) Market Value Fee (cont'd) 01/18/05 02/15/05 03/15/05 04/15/05 05/16/05 06/15/05 07/15/05 08/15/05 09/15/05 10/17/05 11/15/05 12/15/05 01/17/06 02/15/06 03/15/06 04/17/06 05/15/06 06/15/06 07/17/06 08/15/06 FEDERAL STATE & LOCAL TAXES Pennsylvania Department of Revenue State Fiduciary Income Tax 04/08/98 1st Quarter Estimated 04/09/98 1997 Balance Due 07/09/99 1998 Refund 03/27/00 1999 Balance Due 06/12/00 2nd Quarter Estimated 09/12/00 3rd Quarter Estimated 12/29/00 4th Quarter Estimated 07/12/01 2000 Refund 04/13/05 2004 Balance Due 12/28/05 4th Quarter Estimated 04/04/06 2005 Balance Due 04/12/06 1st Quarter Estimated 06/13/06 2nd Quarter Estimated 09/12/06 3rd Quarter Estimated 12/27/06 4th Quarter Estimated 04/12/07 2006 Balance Due 05/16/08 2007 Refund FORWARD $ 14,739.53 $ 69,466.06 402.69 409.11 410.35 403.25 400.96 404.98 402.05 399.95 401.05 394.65 398.30 401.36 398.98 397.27 399.54 394.98 397.96 393.24 394.20 398.90 22,743.30 $ $ 706.00 2,822.00 -309.00 2, 158.00 1, 180.00 590.00 590.00 -2,360.00 902.00 902.00 942.00 462.00 462.00 462.00 462.00 495.00 -185.00 FORWARD $ 10,281.00 92,209.36 $ 92,209.36 - 23 - DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES 1992 Unitrust Pavouts Alfred McCrea Chapman - Remaining 1991 Unitrust Amount 01/24/92 $ 3,329.26 1997 Unitrust Pavouts Alfred McCrea Chapman - Remaining 1996 Unitrust Amount 01/24/97 19,763.30 1999 Unitrust Pavouts Alfred McCrea Chapman - Remaining 1997 Unitrust Amount 01/29/99 Alfred McCrea Chapman - Remaining 1998 Unitrust Amount 01/29/99 2002 Unitrust Pavouts Alfred McCrea Chapman - Remaining 2001 Unitrust Amount 02/28/02 2006 Unitrust Pavouts Alfred McCrea Chapman 06/20/06 $ 15,490.67 09/20/06 15,490.67 12/20/06 15,490.67 2007 Unitrust Pavouts Alfred McCrea Chapman 03/20/07 $ 16,607.39 06/20/07 16,607.39 09/20/07 16,607.39 12/20/07 16,607.39 $ 27,132.74 32,073.55 59,206.29 22,133.41 46,472.01 66,429.56 FORWARD $ 217,333.83 - 25 - PRINCIPAL BALANCE ON HAND Common Stocks 200 Shs. Allstate Corporation 600 Shs. Altria Group Incorporated 1,500 Shs. Bank of America Corporation 500 Shs. Chevron Corporation 600 Shs. Citigroup Incorporated 500 Shs. Colgate Palmolive Company 1,500 Shs. Du Pont E I De Nemours & Company 1,000 Shs. Exxon Mobil Corporation 1,000 Shs. FPL Group Incorporated 1,500 Shs. General Electric Company 300 Shs. International Business Machines Corporation 500 Shs. Kimberly Clark Corporation 415 Shs. Kraft Foods Incorporated CL A 500 Shs. Merck & Company Incorporated 500 Shs. Pepsico Incorporated 600 Shs. Philip Morris International Incorporated 1,000 Shs. Verizon Communications FORWARD VALUE AT 11/12/2009 FIDUCIARY ACQUISITION VALUE $ 5,872.00 $ 11,010.00 11,382.00 5,809.61 24,645.00 15,083.77 39,255.00 32,165.00 2, 496.00 26, 694.00 40,860.00 25,710.00 51,165.00 11,754.91 72,910.00 2,875.00 51,270.00 15,257.77 23,745.00 1,673.83 38, 157.00 26, 016.00 32,005.00 25,563.67 11,130.30 5,984.56 16,610.00 25,330.00 31,300.00 27,155.00 29, 610.00 13, 318 .74 30,360.00 8,847.46 $ 512,772.30 $ 280,249.32 - 27 - PRINCIPAL INVESTMENTS MADE 03/10/86 $100,000 GMAC Notes 8.So due 3/1/91 $ 100,625.00 03/10/86 500 Shs. FPL Group Incorporated 15,257.77 03/10/86 500 Shs. K-Mart Corporation 20,049.75 03/10/86 500 Shs. Whirlpool Corporation 32,685.00 03/10/86 300 Shs. Pacific Telesis Group 26,289.00 04/27/87 $25,000 Federal Home Loan Banks 8.5% due 4/25/94 25,000.00 10/14/87 $50,000 Federal National Mortgage Assn 9.550 due 11/12/91 50,000.00 09/19/88 111 Shs. Du Pont E I De Nemours & Company 9,059.27 09/19/88 300 Shs. Pacific Telesis Group 8,824.50 09/19/88 1,000 Sh s. Boston Bank Corporation 27,940.00 09/19/88 500 Shs. Ford Motor Company Delaware 25,275.00 09/20/88 $50,000 RJR Nabisco 8.8750 due 1/15/95 49,106.00 02/15/89 $50,000 US Treasury Note 9.125° due 2/15/92 49,765.62 02/27/89 $25,000 Federal Home Loan Banks 9.6% due 2/25/94 25,000.00 03/27/89 $50,000 Federal Home Loan Banks 9.80 due 3/25/96 50,000.00 03/28/89 $50,000 Republic National Bank NY Notes 10.40 du e 3/15/94 49,906.00 07/21/89 300 Shs. Atlantic Richfield Company 28,767.82 07/21/89 500 Shs. Aluminum Company of America 34,114.16 07/21/89 500 Shs. Westinghouse Electric Corporation 32,797.75 07/21/89 600 Shs. Sovran Financial Corporation 24,431.26 FORWARD $ 684,893.90 - 29 - PRINCIPAL INVESTMENTS MADE (cont'd) FORWARD $ 1,283,724.64 05/24/95 $50,000 US Treasury Notes 6.375% due 7/15/99 50,000.00 07/28/95 $50,000 Federal Home Loan Mortgage Corporation 6.525% due 7/21/00 50,000.00 04/01/96 $50,000 Dupont Debentures 6% due 12/1/01 49,406.00 09/09/96 $50,000 Federal National Mortgage Assoc 8% due 4/13/05 50,000.00 02/18/97 $50,000 Federal Home Loan Banks 7.08% due 2/18/04 50,000.00 04/22/97 $50,000 Federal National Mortgage Assoc 7.06% due 4/24/02 50,000.00 09/29/97 $50,000 Federal Home Loan Banks 7% due 9/29/05 49, 937.50 10/20/97 $50,000 Federal Home Loan Banks 6.45% due 10/20/04 50,000.00 02/25/98 $50,000 Federal Home Loan Mortgage Corporation 6.183% due 1/29/03 49,875.00 04/09/98 $50,000 Federal National Mortgage Assn 5.875% due 2/2/06 49,984.38 07/07/98 $50,000 Federal Home Loan Mortgage Corporation 6% due 7/7/03 50,000.00 05/17/99 $50,000 Federal Home Loan Banks 5.83% due 5/12/06 49,520.00 07/28/99 $50,000 Wells Fargo & Company 6.625% due 7/15/04 49,972.50 09/30/99 $50,000 Federal Home Loan Banks 6.25% due 8/13/04 50,000.00 09/30/99 $50,000 Federal Farm Credit Bank M/T/N 6.3% due 8/8/07 49,086.50 FORWARD $ 2, 031, 506.52 - 31 - PRINCIPAL INVESTMENTS MADE (cont'd) FORWARD $ 2,740,681.02 12/22/04 5,186.723 Shs. MTB Short Duration Government Bond Inst I Fund #120 50,000.00 12/23/04 2,096.436 Shs. Vanguard Long-Term Corporate Fd #28 20,000.00 09/29/05 500 Shs. Pepsico Incorporated 27,155.00 09/29/05 500 Shs. Chevron Corporation 32,165.00 09/29/05 500 Shs. Colgate Palmolive Company 25,710.00 01/18/06 200 Shs. Allstate Corporation 11,010.00 02/14/06 9,578.544 Shs. Pimco Total Return Fund I #35 100,000.00 02/14/06 681.818 Shs. MTB US Government Bond Inst I Fund #822 6,300.00 02/14/06 673.077 Shs. Vanguard Long-Term Corporate Fd #28 6,300.00 02/14/06 644.831 Shs. MTB Intermediate Term Bond-Inst I Fund #220 6,300.00 02/15/06 5,051.23 Shs. MTB Intermediate Term Bond-Inst I Fund #220 49,300.00 02/17/06 449.035 Shs. Boston Company International Small Cap Fund 10,000.00 02/17/06 472.054 Shs. Harbor International Fund #11 25,000.00 02/17/06 529.662 Shs. CRM Mid Cap Value Fd-Instl #32 15,000.00 02/17/06 768.443 Shs. Bridgeway Ultra Small Co. Mkt Fd 15,000.00 04/24/06 610.649 Shs. Bridgeway Ultra Small Co. Mkt Fd 12,500.00 FORWARD $ 3, 152, 421.02 - 33 - CHANGES IN PRINCIPAL HOLDINGS Allstate Corp oration 01/18/06 200 Shs. Purchased Altria Group Incor porated 09/08/03 600 Shs. Purchased 04/05/07 0 Shs. Reduce book value from spin-off of 415.2144 shares Kraft Foods Incorporated Class A 600 Shs. 04/02/08 0 Shs. Reduce book value from spin-off of 600 shares Philip Morris International Incorporated 600 -------------- Shs. ----- ------------------- Kraft Foods Incorporated CL A 04/05/07 415.2144 Shs. Received in spin-off from Altria Group Incorporated at a rate of 0.692024 shares 04/16/07 0.2144 Shs. Sold 415 Shs. ACCOUNT VALUE $ 11,010.00 $ 25,116.00 -5, 987.65 $ 19,128.35 -13,318.74 $ 5, 809.61 $ 5, 987.65 -3.09 $ 5, 984.56 - 35 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Boston Company International Small Cap Fund 02/17/06 449.035 Shs. Purchased $ 10,000.00 04/24/06 495.442 Shs. Purchased 12,500.00 944.477 Shs. $ 22,500.00 12/15/06 105.754 Shs. Reinvested Capital Gain 2,572.99 1, 050.231 Shs . $ 25, 072.99 12/15/06 Long Term Capital Gain Distribution 0.00 1,050.231 Shs. $ 25,072.99 08/14/07 1,050.231 Shs. Sold -25,072.99 0.0 -------------- -------------- Shs. ----- ----- $ 0.00 BridQeway Ultra Small Co. Mkt Fd ----- ----- ------------- ------------- 02/17/06 768.443 Shs. Purchased $ 15,000.00 04/24/06 610.649 Shs. Purchased 12,500.00 1,379.092 Shs. $ 27,500.00 12/15/06 26.534 Shs. Reinvested Capital Gain 516.61 1,405.626 Shs. $ 28,016.61 12/15/06 Long Term Capital Gain Distribution 0.00 1,405.626 Shs. $ 28,016.61 12/19/07 52.291 Shs. Reinvested Capital Gain 908.81 1,457.917 Shs. $ 28,925.42 12/19/07 Long Term Capital Gain Distribution 0.00 1,457.917 Shs. $ 28,925.42 12/17/08 137.905 Shs. Reinvested Capital Gain 1,303.20 1,595.822 Shs. $ 30,228.62 12/17/08 Long Term Capital Gain Distribution 0.00 1,595.822 Shs. $ 30,228.62 - 37 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Dart & Kraft Incor porated 1,500 Shs. Received $ 23,562.50 11/25/86 1,500 Shs. Name changed to Kraft Incorporated -21,594.16 0 Shs. $ 1,968.34 11/25/86 0 Shs. Reduce book value from spin-off of Premark International Incorporated -1,968.34 0 Shs. $ 0.00 Premark International Incorporated 11/25/86 375 Shs. Received in spin-off from Dart & Kraft Incorporated $ 1,968.34 12/11/86 375 Shs. Sold -1,968.34 0 Shs. $ 0.00 Kraft Incorpo 11/25/86 1,500 09/19/88 500 1, 000 10/31/88 1,000 0 rated Shs. Name changed from Dart & Kraft Incorporated $ 21,594.16 Shs. Sold -7,198.05 Shs. $ 14,396.11 Shs. Sold -14,396.11 Shs. $ 0.00 - 39 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Exxon Corporation 1,600 Shs. Received $ 36,800.00 09/16/87 1,600 Shs. Received in 2 for 1 stock split 0.00 3,200 Shs. $ 36,800.00 09/19/88 1,200 Shs. Sold -13,800.00 2,000 Shs. $ 23,000.00 07/21/89 1,000 Shs. Sold -11,500.00 1,000 Shs. $ 11,500.00 04/15/97 1,000 Shs. Received in 2 for 1 stock split 0.00 2,000 Shs. $ 11,500.00 01/28/98 200 Shs. Sold -1,150.00 1,800 Shs. $ 10,350.00 12/06/99 1,800 Shs. Name changed to Exxon Mobil Corporation -10,350.00 0 Shs. $ 0.00 Exxon Mobil Corporation 12/06/99 1,800 Shs. Name changed from Exxon Corporation $ 10,350.00 12/16/99 300 Shs. Sold -1,725.00 1,500 Shs. $ 8,625.00 07/23/01 1,500 Shs. Received in 2 for 1 stock split 0.00 3,000 Shs. $ 8,625.00 04/07/04 1,000 Shs. Sold -2,875.00 2,000 Shs. $ 5,750.00 09/20/05 1,000 Shs. Sold -2,875.00 1,000 Shs. $ 2,875.00 - 41 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) Federal Home Loan Banks 6.450 due 10/20/04 10/20/97 $50,000 Purchased 04/23/01 $50,000 Complete Call $0 ------------------- ------------------- Federal Home Loan Banks 6.48 due 4/3/95 04/03/92 $50,000 Purchased 04/06/93 $50,000 Redeemed $0 ------------------- ------------------- Federal Home Loan Banks 6.55% due 3/25/92 03/27/91 $50,000 Purchased 03/25/92 $50,000 Matured $0 ------------------- ------------------- Federal Home Loan Banks 6.750 due 2/15/02 02/14/00 $50,000 Purchased 02/15/02 $50,000 Matured $0 ------------------- ------------------- ACCOUNT VALUE $ 50,000.00 -50,000.00 $ 0.00 $ 50,000.00 -50,000.00 $ 0.00 ------------------ ------------------ $ 50,000.00 -50,000.00 $ 0.00 $ 50,000.00 -50,000.00 $ 0.00 ------------------ ------------------ - 43 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) Federal Home Loan Banks 8~ due 7/25/96 03/08/91 $50,000 Purchased 07/25/96 $50,000 Matured $0 ------------------ ------------------ Federal Home Loan Banks 8.5°s du_e 4/25/94 04/27/87 $25,000 Purchased 04/25/94 $25,000 Matured $0 ------------------- ------------------- Federal Home Loan Banks 9.6% due 2/25/94 02/27/89 $25,000 Purchased 02/25/94 $25,000 Matured $0 ------------------- ------------------- Federal Home Loan Banks 9.8% due 3/25/96 03/27/89 $50,000 Purchased 03/25/96 $50,000 Matured $0 ACCOUNT VALUE $ 50, 000.00 -50,000.00 $ 0.00 $ 25,000.00 -25,000.00 $ 0.00 $ 25,000.00 -25,000.00 $ 0.00 $ 50,000.00 -50,000.00 $ 0.00 - 45 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) Federal National Mortgage Assn 6.2% due 1/10/97 01/10/92 $50,000 Purchased 07/07/95 $50,000 Redeemed $0 ------------------- ------------------- Federal National Mortgage Assn 7.1250 due 2/15/05 02/14/00 $50,000 Purchased 02/15/05 $50,000 Matured $0 ------------------- ------------------- Federal National Mortgage Assn 9.550 due 11/12/91 10/14/87 $50,000 Purchased 11/19/91 $50,000 Matured $0 ------------------- ------------------- Federal National Mortgage Assoc 7.060 due 4/24/02 04/22/97 $50,000 Purchased 10/30/00 $50,000 Complete Call $0 ------------------- ------------------- ACCOUNT VALUE $ 49, 968.75 -49,968.75 $ 0.00 $ 50,000.00 -50,000.00 $ 0.00 $ 50,000.00 -50,000.00 $ 0.00 $ 50,000.00 -50,000.00 $ 0.00 - 47 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Associates First Capital Corporation Class A 04/09/98 262.085 Shs. Received in spin-off from Ford Motor Company at a rate of 0.262085 shares $ 8,489.87 05/11/98 0.085 Shs. Sold 0.00 262.0 Shs. $ 8,489.87 12/28/98 262.0 Shs. Received in 2 for 1 stock split 0.00 524.0 Shs. $ 8,489.87 03/23/99 524.0 Shs. Sold -8,489.87 0.0 Shs. $ 0.00 Visteon Corpo 07/03/00 130.933 08/02/00 0.933 130.0 12/04/03 130.0 0.0 ratio Shs. Shs. Shs. Shs. Shs. n Received in spin-off from Ford Motor Company Sold Sold Ford Motor Credit Company 6.1250 due 1/9 06 07/18/01 $50,000 Purchased 01/09/06 $50,000 Matured $0 $ 659.66 -4.70 $ 654.96 -654.96 $ 0.00 $ 4 9, 904.00 -49,904.00 $ 0.00 - 49 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) General Elect 05/11/00 2,000 3, 000 06/06/00 1,000 2, 000 02/16/06 500 1, 500 ric Company (cont'd) Shs. Received in 3 for 1 stock split Shs. Shs. Sold Shs. Shs. Sold Shs. General Motors Acceptance Corporation 6.75% due 3/15/03 10/19/99 $50,000 Purchased 03/17/03 $50,000 Matured $0 GMAC Notes 8.5% due 3/1/91 03/10/86 $100,000 Purchased 03/04/91 $100,000 Matured $0 Goodyear Tire & Rubber Company 03/31/94 500 Shs. Purchased 06/06/00 500 Shs. Sold 0 Shs. ACCOUNT VALUE 0.00 $ 3, 347.65 -1,115.88 $ 2,231.77 -557.94 $ 1, 673.83 $ 49,771.00 -49,771.00 $ 0.00 $ 100,625.00 -100,625.00 $ 0.00 $ 21, 612.50 -21,612.50 $ 0.00 - 51 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Idearc Incorporated 11/24/06 50 Shs. Received in spin-off from Verizon Communications at a rate of 0.05 shares $ 350.98 07/30/07 50 Shs. Sold -350.98 0 Shs. $ 0.00 Fairpoint Communications Incorporated 04/02/08 18.8592 Shs. Received in spin-off from Verizon Communications at a rate of 0.01885921 shares $ 38.24 04/18/08 0.8592 Shs. Sold -1.74 18 Shs. $ 36.50 12/29/08 18 Shs. Sold -36.50 0 Shs. $ 0.00 Harbor International Fund #11 02/17/06 472.054 Shs. Purchased $ 25,000.00 04/24/06 213.092 Shs. Purchased 12,500.00 685.146 Shs. $ 37,500.00 12/20/06 21.155 Shs. Reinvested Capital Gain 1,291.30 706.301 Shs. $ 38,791.30 12/20/06 Long Term Capital Gain Distribution 0.00 706.301 Shs. $ 38,791.30 08/16/07 414.008 Shs. Purchased 26,600.00 1,120.309 Shs. $ 65,391.30 12/20/07 49.035 Shs. Reinvested Capital Gain 3,385.38 1,169.344 Shs. $ 68 776 68 12/20/07 1, 169.344 Shs. Long Term Capital Gain Distribution 0.00 $ 68, 776.68 - 53 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) Kimberly Clark Corporation 09/08/03 500 Shs. Purchased 12/06/04 0 Shs. Reduce book value from spin-off of 15.1515 shares Neenah Paper Incorporated 500 Shs. ------------------- ------------------- Neenah Paper Incorporated 12/06/04 15.1515 Shs. Received in spin-off from Kimberly Clark Corporation at a rate of 0.03030303 shares 12/16/04 0.1515 Shs. Sold 15 Shs. 12/27/04 15 Shs. Sold 0 Shs. ------------------- ------------------- Merck & Company Incorporated 09/08/03 500 Shs. Purchased ------------------- ------------------- MTB Intermediate Term Bond-Inst I Fund #220 12/22/04 4,950.495 Shs. Purchased 02/14/06 644.831 Shs. Purchased 5,595.326 Shs. 02/15/06 5,051.23 Shs. Purchased 10, 646.556 Shs. ------------------- ------------------- ACCOUNT VALUE $ 25,980.00 -416.33 $ 25,563.67 $ 416.33 -4.16 $ 412.17 -412.17 $ 0.00 ------------------ ------------------ $ 25,330.00 $ 50,000.00 6, 300.00 $ 56, 300.00 49,300.00 $ 105, 600.00 - 55 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Pacific Telesis Group (cont'd) 04/29/94 0 Shs. Reduce book value from spin-off of 1,000 shares Airtouch Communications 04/08/97 1, 000 Shs . 1,000 Shs. Exchanged for 731.45 shares SBC Communications Incorporated 0 Shs. $ -9,321.46 $ 14,087.54 -14,087.54 $ 0.00 ------------------- ------------------- Airtouch Communications ----- ----- ------------- ------------- 04/29/94 1,000 Shs. Received in spin-off from Pacific Telesis Group $ 9,321.46 10/21/96 _ 1,000 Shs. Sold -9,321.46 0 -------------- -------------- Shs. ----- ----- $ --- 0.00 SBC Communications Incorporated -- ----- ------------- ------------- 04/08/97 731.45 Shs. Received in exchange of 1,000 shares Pacific Teles is Group $ 14,087.54 04/15/97 0.45 Shs. Sold -8.67 731.00 Shs. $ 14,078.87 03/20/98 731.00 Shs. Received in 2 for 1 stock split 0.00 1,462.00 Shs. $ 14,078.87 11/21/05 1,462.00 Shs. Name changed to AT&T Incorporated -14,078.87 0.00 --------------- Shs. ---- $ 0.00 - 57 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Pimco Total Return Fund I #35 02/14/06 9,578.544 Shs. Purchased $ 100,000.00 12/14/06 34.523 Shs. Reinvested Capital Gain 361.11 9, 613. 067 Shs . $ 100, 361.11 12/13/07 61.561 Shs. Reinvested Capital Gain 653.78 9, 674.628 Shs. $ 101, 014.89 12/11/08 481.22 Shs. Reinvested Capital Gain 4,764.08 10,155.848 Shs. $ 105 778 97 12/11/08 10,155.848 Shs. Raytheon Comp 03/31/94 250 09/14/94 150 400 10/25/95 400 800 04/04/97 800 0 Long Term Capital Gain Distribution 0.00 $ 105,778.97 a~ Shs. Purchased Shs. Purchased Shs. Shs. Received in 2 for 1 stock split Shs. Shs. Sold Shs. Republic National Bank NY Notes 10.40 due 3/15/94 03/28/89 $50,000 Purchased 03/20/92 $50,000 Redeemed $0 $ 16, 587.50 10,157.14 $ 26,744.64 0.00 $ 26,744.64 -26,744.64 $ 0.00 $ 49, 906.00 -49,906.00 $ 0.00 - 59 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Sovran Financial Corporation 07/21/89 600 Shs. Purchased $ 24,431.26 10/02/90 600 Shs. Exchanged for 738 shares C&S/Sovran Corporation -24,431.26 0 Shs. $ 0.00 C&S/Sovran Corporation 10/02/90 738 Shs. Received in exchange of 600 shares Sovran Financial Corporation $ 24,431.26 02/18/92 738 Shs. Exchanged for 619.92 shares Nationsbank Corporation -24,431.26 0 Shs. $ 0.00 Nationsbank Corporation 02/18/92 619.92 Shs. Received in exchange of 738 shares C&S/Sovran Corporation $ 24,431.26 02/19/92 0.08 Shs. Purchased 3.24 620.00 Shs. $ 24,434.50 07/29/92 80.00 Shs. Purchased 3,721.86 700.00 Shs. $ 28,156.36 03/03/97 700.00 Shs. Received in 2 for 1 stock split 0.00 1, 400.00 Shs . $ 28, 156.36 08/13/97 400.00 Shs. Sold -8,044.67 1,000.00 Shs. $ 20,111.69 10/08/98 1,000.00 Shs. Name changed to BankAmerica Corporation -20,111.69 0.00 Shs. $ 0.00 - 61 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) US Treasury Notes 5.5% due 2/15/95 02/18/92 $50,000 Purchased 02/15/95 $50,000 Matured $0 US Treasury Notes 5.6250 due 1/31/98 05/06/94 $50,000 Purchased 02/02/98 $50,000 Matured $0 US Treasury Notes 5.750 due 1/31/98 05/06/94 $50,000 Purchased 10/30/97 $50,000 Matured $0 US Treasury Notes 6.3750 due 7/15/99 05/24/95 $50,000 Purchased 07/15/99 $50,000 Matured $0 ACCOUNT VALUE $ 49,718.75 -49,718.75 $ 0.00 $ 48,570.30 -48,570.30 $ 0.00 $ 48,984.37 -48,984.37 $ 0.00 $ 50,000.00 -50,000.00 $ 0.00 - 63 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) Wells Fargo & Company 6.6250 due 7/15/04 07/28/99 $50,000 Purchased 07/15/04 $50,000 Matured $0 Westinghouse 07/21/89 500 05/24/90 500 1, 000 12/31/93 1,000 0 Electric Corporation Shs. Purchased Shs. Received in 2 for 1 stock split Shs. Shs. Sold Shs. Whirlpool Corporation 03/10/86 500 Shs. Purchased 12/05/86 500 Shs. Received in 2 for 1 stock split 1,000 Shs. 09/30/87 1,000 Shs. Sold 0 Shs. ACCOUNT VALUE $ 4 9, 972.50 -4 9, 972.50 $ 0.00 $ 32,797.75 0.00 $ 32,797.75 -32,797.75 $ 0.00 $ 32,685.00 0.00 $ 32,685.00 -32,685.00 $ 0.00 - 65 - RECEIPTS OF INCOME (cont' d) FORWARD Boston Bank Corporation Dividend 1,000 Shs. from 11/09/88 to 07/31/89 Boston Company International Small Cap Fund Dividend 944.477 Shs. from 06/30/06 to 12/15/06 12/15/06 Short Term Capital Gain Distribution 06/29/07 Dividend 1,050.231 Shs. Bridgeway Ultra Small Co. Mkt Fd 12/15/06 Dividend 1,379.092 Shs. 12/19/07 Dividend 1,405.626 Shs. 12/17/08 Dividend 1,457.917 Shs. C&S/Sovran Corporation Dividend 738 Shs. from 12/24/90 to 12/30/91 Cash 01/16/86 Received from Estate of Sarah M. Chapman Jones - Income Cash Chevron Corporation Dividend 500 Shs. from 12/12/05 to 09/10/09 Citigroup Incorporated Dividend 600 Shs. from 11/26/03 to 02/27/09 Colcrate Palmolive Company Dividend 500 Shs. from 11/15/05 to 08/14/09 FORWARD $ 51,087.66 1,200.00 165.54 51.14 157.53 374.21 $ 114.19 59.12 312.58 485.89 1, 380.06 1,740.81 4, 615.00 5, 376.00 2,890.00 $ 69,149.63 - 67 - RECEIPTS OF INCOME (cont'd) FORWARD $ 21,700.00 $ 141,181.56 Exxon Corporation (cont'd) Dividend 1,000 Shs. from 09/14/89 to 03/10/97 21,884.44 Dividend 2,000 Shs. from 06/10/97 to 12/10/97 2,460.00 Dividend 1,800 Shs. from 03/10/98 to 12/10/99 5,958.00 52,002.44 Exxon Mobil Corporation Dividend 1,500 Shs. from 03/10/00 to 07/11/01 $ 3,990.00 Dividend 3,000 Shs. from 09/10/01 to 03/10/04 7,830.00 Dividend 2,000 Shs. from 06/10/04 to 09/09/05 3,320.00 Dividend 1,000 Shs. from 12/09/05 to 09/10/09 5,730.00 20,870.00 Fairpoint Communications Incorporated Dividend 18 Shs. from 07/18/08 to 10/17/08 9.28 Federal Farm Credit Bank 5.650 due 4/24 00 Interest $50,000 from 07/21/93 to 01/21/00 $ 19,060.91 04/24/00 Sale of interest accrued to 04/24/2000 737.64 19,798.55 Federal Farm Credit Bank M/T/N 6.3% due 8/8/07 09/30/99 Purchase of inte rest accrued to 09/30/1999 $ -455.00 Interest $50,000 from 02/08/00 to 02/08/07 23,625.00 08/08/07 Sale of interest accrued to 08/08/2007 1,575.00 24,745.00 FORWARD $ 258,606.83 - 69 - RECEIPTS OF INCOME (cont' d) FORWARD $ 318,732.04 Federal Home Loan Banks 7% due 9/29/05 Interest $50,000 from 03/31/98 to 09/29/00 $ 10,500.00 03/30/01 Sale of interest accrued to 03/30/2001 1,750.00 12,250.00 Federal Home Loan Banks 7.08% due 2/18/04 Interest $50, 000 from 08/18/97 to 08/19/98 $ 5,310.00 02/19/99 Sale of interest accrued to 02/19/1999 1,770.00 7,080.00 Federal Home Loan Banks 7.35% due 11/10/10 Interest $50,000 from 05/10/01 to 05/12/03 $ 9,187.50 11/10/03 Sale of interest accrued to 11/10/2003 1,837.50 11,025.00 Federal Home Loan Banks 7.5% due 3/8/07 Interest $50,000 from 09/11/00 to 09/08/03 $ 13,125.00 03/08/04 Sale of interest accrued to 03/08/2004 1,875.00 15,000.00 Federal Home Loan Banks 8%_due 7/25/96 03/08/91 Purchase of interest accrued to 03/08/1991 $ -477,78 Interest $50, 000 from 08/02/91 to 01/23/96 20,000.00 07/25/96 Sale of interest accrued to 07/25/1996 2,000.00 21,522.22 Federal Home Loan Banks 8.5% due 4/25/94 Interest $25,000 from 10/29/87 to 10/26/93 $ 13,800.69 04/25/94 Sale of interest accrued to 04/25/1994 1,062.50 14,863.19 Federal Home Loan Banks 9.6% due 2/25/94 Interest $25,000 from 08/30/89 to 08/26/93 $ 10,786.67 02/25/94 Sale of interest accrued to 02/25/1994 1,200.00 11,986.67 FORWARD $ 412,459.12 - 71 - RECEIPTS OF INCOME (cont'd) FORWARD Federal National Mortgage Assn 7.1250 due 2/15/05 Interest $50, 000 from 08/15/00 to 08/16/04 02/15/05 Sale of interest accrued to 02/15/2005 Federal National Mortgage Assn 9.550 due 11/12/91 Interest $50,000 from 05/16/88 to 05/16/91 11/19/91 Sale of interest accrued to 11/19/1991 Federal National Mortgage Assoc 7.060 due 4/24/02 Interest $50,000 from 10/27/97 to 10/24/00 10/30/00 Sale of interest accrued to 10/30/2000 Federal National Mortgage Assoc 8% due 4/13/05 09/09/96 Purchase of interest accrued to 09/09/1996 Interest $50,000 from 10/15/96 to 10/15/97 04/14/98 Sale of interest accrued to 04/14/1998 Federated Fund Interest from 11/08/85 to 12/04/95 Ford Motor Company Dividend 1,000 Shs. from 03/02/98 to 06/01/00 Dividend 1,748 Shs. from 09/01/00 to 12/01/03 Ford Motor Company Delaware FORWARD $ 16,041.15 1,781.25 $ 17,097.16 2,387.50 $ 12,374.61 29.42 $ -1,622.22 6, 000.00 2, 000.00 $ 4, 600.00 4,258.20 $ 505,048.02 17,822.40 19,484.66 12,404.03 6, 377.78 19,556.22 8,858.20 $ 589,551.31 - 73 - RECEIPTS OF INCOME (cont' d) FORWARD $ 25,590.00 $ General Electric Company (cont'd) Dividend 1,000 Shs. from 01/25/00 to 04/25/00 Dividend 2,000 Shs. from 07/25/00 to 01/25/06 Dividend 1,500 Shs. from 04/25/06 to 10/26/09 General Motors Acceptance Corporation 6.750 due 3/15/03 10/19/99 Purchase of interest accrued to 10/19/1999 Interest $50, 000 from 03/15/00 to 09/16/02 03/17/03 Sale of interest accrued to 03/17/2003 GMAC Notes 8.5o due 3/1/91 03/10/86 Purchase of interest accrued to 03/10/1986 Interest $100,000 from 09/02/86 to 09/04/90 03/04/91 Sale of interest accrued to 03/04/1991 Goodyear Tire & Rubber Companv Dividend 500 Shs. from 06/16/94 to 06/15/00 Governor Prime Money Market Fund Interest from 03/01/99 to 02/01/01 GTE Corporation Dividend 1,000 Shs. from 01/03/86 to 01/06/87 Dividend 1,500 Shs. from 04/01/87 to 07/01/88 Dividend 1,000 Shs. from 10/03/88 to 07/03/89 FORWARD 820.00 8, 646.68 5,895.00 $ -318.75 10, 125.00 1, 687.50 $ -212.50 38,250.00 4,250.00 $ 4,095.00 5, 610.00 3, 015.00 658,274.75 40,951.68 11,493.75 42,287.50 3,360.00 16,524.62 $ 12,720.00 $ 772,892.30 - 75 - RECEIPTS OF INCOME (cont' d) FORWARD Kimberly Clark Corporation Dividend 500 Shs. from 01/05/04 to 10/02/09 Kraft Foods Incorporated CL A Dividend 415 Shs. from 07/06/07 to 10/14/09 Kraft Incorporated Dividend 1,500 Shs. from 12/12/86 to 09/19/88 Merck & Company Incorporated Dividend 500 Shs. from 01/02/04 to 10/01/09 MTB Intermediate Term Bond-Inst I Fund #220 Dividend 4,950.495 Shs. from 01/03/05 to 02/01/06 $ 2,297.04 Dividend 10,646.556 Shs. from 03/01/06 to 11/02/09 17,171.34 MTB Prime Money Market-Inst I Fund #142 Interest from 09/02/03 to 11/02/09 MTB Short Duration Government Bond Inst I Fund #120 Dividend 5,186.723 Shs. from 01/03/05 to 03/01/06 MTB US Government Bond Inst I Fund #822 Dividend 10,482.18 Shs. from 01/03/05 to 02/01/06 $ 4,310.37 Dividend 11,163.998 Shs. from 03/01/06 to 11/02/09 16,627.32 FORWARD $ 822, 629.12 5, 970.00 1,153.70 5,790.00 4,545.00 19,468.38 15,303.79 1, 980.52 20,937.69 $ 897,778.20 _ 77 _ RECEIPTS OF INCOME (cont'd) FORWARD $ 954,723.87 Philip Morris International Incorporated (cont' d) Dividend 600 Shs. from 07/10/08 to 10/09/09 1,920.00 Pimco Total Return Fund I #35 Dividend 9,578.544 Shs. from 03/01/06 to 12/01/06 $ 3,743.31 12/14/06 Short Term Capital Gain Distribution 361.11 Dividend 9,613.067 Shs. from 01/02/07 to 12/03/07 5,135.88 12/13/07 Short Term Capital Gain Distribution 653.78 Dividend 9,674.628 Shs. from 01/03/08 to 12/01/08 5,220.02 12/11/08 Short Term Capital Gain Distribution 3,035.22 Dividend 10,155.848 Shs. from 01/02/09 to 11/03/09 5,790.78 23,940.10 Provident Fed Fund Interest from 01/03/96 to 02/01/99 8,922.84 Provident Temp Fund Interest from 01/03/96 to 02/01/99 2,517.54 Raytheon Company Dividend 250 Shs. from 05/03/94 to 08/02/94 $ 181.25 Dividend 400 Shs. from 11/01/94 to 08/01/95 600.00 Dividend 800 Shs. from 10/31/95 to 01/27/97 940.00 1,721.25 Republic National Bank NY Notes 10.40 due 3/15/94 Interest $50,000 from 09/18/89 to 09/19/91 $ 12,812.23 03/20/92 Sale of interest accrued to 03/20/1992 2,600.00 15,412.23 FORWARD $ 1,009,157.83 _ 79 _ RECEIPTS OF INCOME (cont'd) FORWARD $ 1,078,360.39 Transfer from Principal 04/02/96 $ 4,300.00 06/25/03 To Make Quarterly Uni-Trust Payments 10,000.00 06/21/04 To Cover Quarterly Uni-Trust Distributions 6,782.26 12/20/04 For Quarterly Distribution 8,039.65 To Cover Quarterly Distribution from 03/22/05 to 03/20/06 17,145.86 46,267.77 US Treasury Note 9.1250 due 2/15/92 Interest $50,000 from 08/18/89 to 08/19/91 $ 11,406.25 02/18/92 Sale of interest accrued to 02/18/1992 2,281.25 13,687.50 US Treasury Notes 5.5_0_due 2/15/95 Interest $50,000 from 08/18/92 to 08/16/94 $ 6,852.34 02/15/95 Sale of interest accrued to 02/15/1995 1,375.00 8,227.34 US Treasury Notes 5.6250 due 1/31/98 05/06/94 Purchase of interest accrued to 05/06/1994 $ -738.10 Interest $50,000 from 08/02/94 to 07/31/97 9,843.79 02/02/98 Sale of interest accrued to 02/02/1998 1,406.25 10,511.94 US Treasury Notes 5.75% due 1/31/98 05/06/94 Purchase of interest accrued to 05/06/1994 $ -46.88 Interest $50,000 from 11/01/94 to 04/30/97 8,625.00 10/30/97 Sale of interest accrued to 10/30/1997 1,437.50 10,015.62 US Treasury Notes 6.375 due 7/15/99 05/24/95 Purchase of interest accrued to 05/24/1995 $ -1,135.88 Interest $50,000 from 07/18/95 to 01/15/99 12,750.01 07/15/99 Sale of interest accrued to 07/15/1999 _ 1,593.75 13,207.88 FORWARD $ 1,180,278.44 - 81 - RECEIPTS OF INCOME (cont' d) FORWARD $ Wells Fargo & Company 6.625° due 7/15/04 (cont'd) 07/15/04 Sale of interest accrued to 07/15/2004 14,786.63 $ 1,283,404.49 1,656.25 16,442.88 Westinghouse Electric Corporation Dividend 500 Shs. from 09/06/89 to 03/05/90 Dividend 1,000 Shs. from 06/13/90 to 12/02/93 Whirlpool Corporation Dividend 500 Shs. from 06/16/86 to 09/16/86 Dividend 1,000 Shs. from 01/06/87 to 09/17/87 TOTAL RECEIPTS OF INCOME $ 900.00 575.00 4,475.00 $ 500.00 1, 100.00 1, 600.00 $ 1, 305, 922.37 --------------- --------------- - 83 - DISBURSEMENTS OF INCOME (cont' d) FORWARD $ 9,012.31 Bank Management Fee (cont'd) 07/15/05 196.25 08/15/05 193.45 09/15/05 193.90 10/17/05 193.80 11/15/05 197.28 12/15/05 199.41 01/17/06 189.12 02/15/06 198.34 03/15/06 191.43 04/17/06 185.00 05/15/06 187.70 06/15/06 182.37 07/17/06 185.52 08/15/06 189.63 $ 11,695.51 Financial Trust Companv Services Trustee Fee 10/08/86 $ 3,809.19 10/06/87 4,461.74 10/04/88 4,004.04 10/04/89 4,536.59 10/04/90 4,343.55 10/09/91 4,582.70 10/07/92 5,642.22 10/06/93 5,833.09 10/05/94 5,538.07 10/06/95 6,110.31 10/08/96 6,463.53 10/20/97 7,220.16 10/14/98 7,490.15 70,035.34 John McCrea III - Co-Trustee Fee 01/21/04 2003 $ 400.00 09/26/08 2007 and 2008 700.00 10/26/09 2009 1,450.00 2,550.00 Keystone Financial Bank, N.A - Trustee Fee 10/14/99 $ 7,621.41 11/12/99 421.89 12/14/99 414.69 8,457.99 FORWARD $ 92,738.84 - 85 - DISBURSEMENTS OF INCOME (cont' d) FORWARD Manufacturers and Traders Trust Company Trustee Fee (cont'd) 04/15/08 05/15/08 06/16/08 07/15/08 08/15/08 09/15/08 10/15/08 11/17/08 12/15/08 01/15/09 02/17/09 03/16/09 04/13/09 05/15/09 06/15/09 07/15/09 08/17/09 09/15/09 10/15/09 Market Value Fee 11/26/01 12/17/01 01/15/02 02/15/02 03/15/02 04/15/02 05/15/02 06/17/02 07/15/02 08/15/02 09/16/02 10/15/02 11/15/02 12/16/02 01/15/03 02/18/03 03/17/03 04/15/03 05/15/03 FORWARD $ 16,536.22 $ 92,738.84 371.12 375.49 368.19 354.11 358.41 357.99 314.33 298.13 303.79 295.61 289.99 277.33 287.04 296.02 305.05 296.03 312.58 317.85 320.03 22,635.31 $ 304.76 204.82 204.77 204.51 206.58 202.66 203.16 201.74 197.67 197.74 195.82 192.27 195.20 196.33 196.78 192.85 192.99 193.52 196.46 $ 3,880.63 $ 115,374.15 _ 87 _ DISBURSEMENTS OF INCOME (cont'd) FORWARD $ 127,090.43 Pennsylvania Department of Revenue State Fiduciary Income Tax 04/12/07 1st Quarter Estimated $ 185.00 04/10/08 1st Quarter Estimated 190.00 04/13/09 1st Quarter Estimated 180.00 555.00 Financial Trust Services Company - Tax Preparation Fee 02/26/86 1985 $ 35.00 02/08/88 1987 60.00 02/28/89 1988 40.00 03/13/90 1989 50.00 03/08/91 1990 50.00 02/27/92 1991 75.00 02/26/93 1992 75.00 02/25/94 1993 75.00 02/27/95 1994 75.00 02/27/96 1995 75.00 02/28/97 1996 75.00 685.00 Transfer to Principal 01/30/90 Undistributed Income for Tax Year 1989 $ 1,090.42 02/05/91 Undistributed Income for 1990 5,995.31 06/20/06 10,780.72 09/20/06 11,381.23 12/20/06 11,114.69 03/20/07 12,351.30 06/20/07 9,765.47 09/20/07 11,796.62 12/20/07 13,120.61 03/20/08 11,889.34 06/20/08 9,641.14 09/22/08 9,928.75 12/22/08 12,932.85 03/20/09 10,322.97 06/22/09 8,903.02 09/21/09 8,902.94 159,917.38 TOTAL DISBURSEMENTS OF INCOME $ --- --- 288,247.81 ----------- ----------- _ gg _ DISTRIBUTIONS OF INCOME TO BENEFICIARIES (cont'd) FORWARD $ 195,304.02 1991 Unitrust Payouts Alfred McCrea Chapman 03/29/91 $ 9,600.00 06/28/91 9, 600.00 09/30/91 9,600.00 12/31/91 9,600.00 $ 38,400.00 Alfred McCrea Chapman - Remaining 1990 Unitrust Amount 02/05/91 12,970.90 51,370.90 1992 Unitrust Pavouts Alfred McCrea Chapman 03/31/92 $ 9,600.00 06/30/92 9,600.00 09/30/92 9,600.00 12/31/92 9,600.00 $ 38,400.00 Alfred McCrea Chapman - Remaining 1991 Unitrust Amount 01/24/92 15,000.00 53,400.00 1993 Unitrust Payouts Alfred McCrea Chapman 03/31/93 $ 9,600.00 06/30/93 9,600.00 09/30/93 9, 600.00 12/31/93 9,600.00 $ 38,400.00 Alfred McCrea Chapman - Remaining 1992 Unitrust Amount 02/18/93 7,581.08 45,981.08 FORWARD $ 346,056.00 - 91 - DISTRIBUTIONS OF INCOME TO BENEFICIARIES (cont'd) FORWARD $ 491,619.72 1997 Unitrust Pavouts Alfred McCrea Chapman 03/31/97 $ 9, 600.00 06/30/97 9,600.00 09/30/97 9, 600.00 12/31/97 9,600.00 38,400.00 1998 Unitrust Pavouts Alfred McCrea Chapman 03/31/98 $ 9,600.00 06/30/98 9,600.00 09/30/98 9,600.00 12/31/98 9,600.00 38,400.00 1999 Unitrust Pavouts Alfred McCrea Chapman 03/31/99 $ 9,600.00 06/30/99 9,600.00 09/30/99 9,600.00 12/31/99 9,600.00 $ 38,400.00 Alfred McCrea Chapman - Additional Payment 09/14/99 10,000.00 48,400.00 2000 Unitrust Pavouts Alfred McCrea Chapman 03/31/00 $ 9,600.00 06/30/00 9,600.00 09/30/00 9,600.00 12/29/00 9,600.00 $ 38,400.00 Alfred McCrea Chapman - Remaining 1997 Unitrust Amount 03/06/00 640.54 FORWARD $ 39,040.54 $ 616,819.72 - 93 - DISTRIBUTIONS OF INCOME TO BENEFICIARIES (cont'd) FORWARD $ 870,692.98 2004 Unitrust Pavouts Alfred McCrea Chapman 03/22/04 $ 15,790.62 06/21/04 15,790.62 09/20/04 15,790.62 12/20/04 15,790.62 63,162.48 2005 Unitrust Pavouts Alfred McCrea Chapman 03/20/05 $ 16,133.13 06/20/05 16,133.13 09/20/05 16,133.13 12/20/05 16,133.13 64,532.52 2006 Unitrust Pavouts Alfred McCrea Chapman 03/20/06 15,490.67 TOTAL DISTRIBUTIONS OF INCOME TO BENEFICIARIES $ 1,013,878.65 --------------- --------------- - 95 - UNITRUST STATEMENT Fair Market Value as of 12/31/1985 MARKET VALUE Common Stocks 1,500 Shs. Dart & Kraft Incorporated $ 62,250.00 489 Shs. Du Pont E I De Nemours & Company 33,190.88 1,600 Shs. Exxon Corporation 88 200.00 400 Shs. General Electric Company 29,100.00 1,000 Shs. GTE Corporation 46 000.00 500 Shs. ITT Corporation 15,062.50 1,000 Shs. Pennsylvania Power & Light Company 28,750.00 1,000 Shs. Riggs National Corporation Washington DC 62,000.00 $ 364,553.38 Cash Principal Cash 220,961.66 Income Cash 4,568.00 Fair Market Value $ 590,083.04 Payout Rate 5.0000 1985 Unitrust Payout $ 29,504.15 Number of Payments per Year 1 Installment Amount $ 29,504.15 - 97 - UNITRUST STATEMENT (cont'd) FORWARD Payout Rate 1986 Unitrust Payout Number of Payments per Year Installment Amount $ 679, 952.47 5.OOOOo $ 37,834.50 1 $ 37,834.50 _ gg _ Cash Principal Cash Income Cash UNITRUST STATEMENT (cont'd) FORWARD Fair Market Value Payout Rate 1987 Unitrust Payout Number of Payments per Year Installment Amount $ 660, 626.10 13,363.59 18,342.50 $ 692,332.19 5.OOOOo $ 34,616.61 1 $ 34,616.61 - .101 - UNITRUST STATEMENT (cont'd) FORWARD Promissory Notes John McCrea III Note Cash Principal Cash Income Cash Fair Market Value Payout Rate 1988 Unitrust Payout Number of Payments per Year Installment Amount $ 644,575.75 1,071.47 $ 645,647.22 134,800.88 8,458.73 $ 788,906.83 5.OOOOo $ 39,445.34 1 $ 39,445.34 - 103 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks (cont'd) 500 Shs. GTE Corporation 750 Shs. K-Mart Corporation 1,000 Shs. Pacific Telesis Group 1,000 Shs. Riggs National Corporation Washington DC 600 Shs. Sovran Financial Corporation 500 Shs. Westinghouse Electric Corporation Promissory Notes John McCrea III Note Cash Principal Cash Income Cash Fair Market Value Payout Rate 1989 Unitrust Payout Number of Payments per Year Installment Amount $ 690,117.75 35,000.00 26,250.00 50,375.00 21,250.00 22,800.00 37,000.00 1,071.47 $ 883,864.22 1, 326.44 6, 036.01 $ 891, 226.67 5.0000% $ 44,561.33 1 $ 44,561.33 - 105 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks (cont'd) 800 Shs. General Electric Company 1,000 Shs. GTE Corporation 750 Shs. K-Mart Corporation 1,000 Shs. Pacific Telesis Group 1,000 Shs. Riggs National Corporation Washington DC 1,000 Shs. Westinghouse Electric Corporation Promissory Notes John McCrea III Note Cash Principal Cash Income Cash Fair Market Value Payout Rate 1990 Unitrust Payout Number of Payments per Year Installment Amount $ 662, 949. O1 51,600.00 35,000.00 26,250.00 50,375.00 21,250.00 37,000.00 1,071.47 $ 885,495.48 2, 416.86 17,675.62 $ 905,587.96 5.OOOOo $ 45,279.40 1 $ 45,279.40 - 107 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks (cont'd) 800 Shs. General Electric Company 1,000 Shs. GTE Corporation 750 Shs. K-Mart Corporation 1,000 Shs. Pacific Telesis Group 1,000 Shs. Westinghouse Electric Corporation Promissory Notes John McCrea III Note Cash Principal Cash Income Cash Fair Market Value Payout Rate 1991 Unitrust Payout Number of Payments per Year Installment Amount $ 564,130.25 45,900.00 29,250.00 21,281.25 45,250.00 28,500.00 1,071.47 $ 735,382.97 76, 992.93 12,943.22 $ 825,319.12 5.0000 $ 41,265.96 1 $ 41,265.96 - 109 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks ( cont' d) 500 Shs. Ford Motor Company Delaware 500 Shs. FPL Group Incorporated 800 Shs. General Electric Company 1,000 Shs. GTE Corporation 1,500 Shs. K-Mart Corporation 700 Shs. Nationsbank Corporation 1,000 Shs. Pacific Telesis Group 1,000 Shs. Westinghouse Electric Corporation Promissory Notes John McCrea III Note Cash Principal Cash Income Cash Fair Market Value Payout Rate 1992 Unitrust Payout Number of Payments per Year Installment Amount $ 635,397.50 21,437.50 18,125.00 68,400.00 34,625.00 36,750.00 35, 962.50 44,375.00 13, 375.00 1,071.47 $ 909,518.97 4,555.18 5,547.51 $ 919, 621.66 5.OOOOo $ 45,981.08 1 $ 45,981.08 - 111 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks (cont'd) 500 Shs. Ford Motor Company Delaware 500 Shs. FPL Group Incorporated 800 Shs. General Electric Company 1,000 Shs. GTE Corporation 1,500 Shs. K-Mart Corporation 700 Shs. Nationsbank Corporation 1,000 Shs. Pacific Telesis Group Promissory Notes John McCrea III Note Cash Principal Cash Income Cash Fair Market Value Payout Rate 1993 Unitrust Payout Number of Payments per Year Installment Amount $ 637,876.25 32,250.00 19, 562.50 83,900.00 35,000.00 32,250.00 34,300.00 54,250.00 1,071.47 $ 930,460.22 18,443.40 5,217.02 $ 954,120.64 5.OOOOo $ 47,706.03 1 $ 47,706.03 - 113 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks ( cont' d) 1,000 Shs. Ford Motor Company Delaware 500 Shs. FPL Group Incorporated 1,600 Shs. General Electric Company 500 Shs. Goodyear Tire & Rubber Company 1,000 Shs. GTE Corporation 700 Shs. Nationsbank Corporation 1,000 Shs. Pacific Telesis Group 400 Shs. Raytheon Company Promissory Notes John McCrea III Note Cash Principal Cash Income Cash Fair Market Value Payout Rate 1994 Unitrust Payout Number of Payments per Year Installment Amount $ 631, 310.50 27,875.00 17 , 5'6 2. 5 0 81,600.00 16,812.50 30, 375.00 31,587.50 28,500.00 25,550.00 1, 071.47 $ 892,244.47 6, 547.17 2,292.41 $ 901,084.05 5.000Oo $ 45,054.20 1 $ 45,054.20 - 115 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks ( cont' d) 1,000 Shs. Exxon Corporation 1,000 Shs. Ford Motor Company Delaware 500 Shs. FPL Group Incorporated 1,600 Shs. General Electric Company 500 Shs. Goodyear Tire & Rubber Company 1,000 Shs. GTE Corporation 700 Shs. Nationsbank Corporation 1,000 Shs. Pacific Telesis Group 800 Shs. Raytheon Company Promissory Notes John McCrea III Note Cash Principal Cash Income Cash Fair Market Value Payout Rate 1995 Unitrust Payout Number of Payments per Year Installment Amount $ 611,383.00 80,500.00 28,875.00 23,187.50 115,200.00 22,687.50 43,875.00 48,737.50 33, 500.00 37,800.00 1,071.47 $ 1, 04 6, 816.97 6, 624.60 2, 628.12 $ 1, 056, 069.69 5.OOOOo $ 52,803.48 1 $ 52,803.48 - 117 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks (cont'd) 500 Shs. FPL Group Incorporated 1,600 Shs. General Electric Company 500 Shs. Goodyear Tire & Rubber Company 1,000 Shs. GTE Corporation 700 Shs. Nationsbank Corporation 1,000 Shs. Pacific Telesis Group 800 Shs. Raytheon Company Cash Principal Cash Income Cash Fair Market Value Payout Rate 1996 Unitrust Payout Number of Payments per Year Installment Amount $ 727,310.25 23,000.00 158,200.00 25,687.50 45,375.00 68,425.00 36,750.00 38,500.00 $ 1, 123, 247.75 39, 685.03 333.23 $ 1, 163, 266. O1 5.OOOOa $ 58,163.30 1 $ 58,163.30 - 119 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks (cont'd) 2,000 Shs. Exxon Corporation 1,000 Shs. Ford Motor Company 500 Shs. FPL Group Incorporated 1,500 Shs. General Electric Company 500 Shs. Goodyear Tire & Rubber Company 1,000 Shs. GTE Corporation 1,000 Shs. Nationsbank Corporation 731 Shs. SBC Communications Incorporated Cash Principal Cash Income Cash Fair Market Value Payout Rate 1997 Unitrust Payout Number of Payments per Year Installment Amount $ 700,975.25 122,376.00 48,563.00 29,594.00 110, 062 .50 31,812.50 52,250.00 60,813.00 53,545.75 $ 1, 209, 992.00 90,293.50 10,369.22 $ 1, 310, 654.72 5.0000% $ 65,532.74 1 $ 65,532.74 - 121 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks (cont'd) 2,000 Shs. Du Pont E I De Nemours & Company 1,800 Shs. Exxon Corporation 1,000 Shs. Ford Motor Company 500 Shs. FPL Group Incorporated 1,500 Shs. General Electric Company 500 Shs. Goodyear Tire & Rubber Company 1,000 Shs. GTE Corporation 1,462 Shs. SBC Communications Incorporated Cash Principal Cash Income Cash Fair Market Value Payout Rate 1998 Unitrust Payout Number of Payments per Year Installment Amount $ 640,524.50 106,126.00 131,625.00 58,688.00 30,812.50 153, 000.00 25, 219.00 65, 000.00 78,399.75 $ 1, 289, 394 .75 137,482.29 23,413.96 $ 1, 450, 291.00 5.0000° $ 72,514.55 1 $ 72,514.55 - 123 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks 1,000 Shs. Bank of America Corporation 2,000 Shs. Du Pont E I De Nemours & Company 1,500 Shs. Exxon Mobil Corporation 1,000 Shs. Ford Motor Company 500 Shs. FPL Group Incorporated 1,000 Shs. General Electric Company 500 Shs. Goodyear Tire & Rubber Company 1,000 Shs. GTE Corporation 1,462 Shs. SBC Communications Incorporated Cash Principal Cash Income Cash Fair Market Value Payout Rate 1999 Unitrust Payout Number of Payments per Year Installment Amount $ 583, 305.50 50,188.00 131,750.00 120,844.50 53, 313.00 21,406.50 154,750.00 14,031.50 70,563.00 71,272.50 $ 1, 271, 424.50 152,248.85 23,008.61 $ 1, 446, 681.96 5.0000% $ 72,334.10 1 $ 72,334.10 - 125 - UNITRUST STATEMENT (cont' d) FORWARD Common Stocks 1,000 Shs. Bank of America Corporation 2,000 Shs. Du Pont E I De Nemours & Company 1,500 Shs. Exxon Mobil Corporation 1,748 Shs. Ford Motor Company 500 Shs. FPL Group Incorporated 2,000 Shs. General Electric Company 1,462 Shs. SBC Communications Incorporated 1,220 Shs. Verizon Communications 130 Shs. Visteon Corporation Cash Principal Cash Income Cash Fair Market Value Payout Rate 2000 Unitrust Payout Number of Payments per Year Installment Amount $ 659, 976.75 45,875.00 96, 626.00 130,407.00 40, 969.62 35,875.00 95,876.00 69,810.50 61, 152.50 1,495.00 $ 1,238,063.37 152,794.04 18,518.54 $ 1, 409, 375.95 5.OOOOo $ 70,468.80 1 $ 70,468.80 - 127 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks 1,000 Shs. Bank of America Corporation 2,000 Shs. Du Pont E I De Nemours & Company 3,000 Shs. Exxon Mobil Corporation 1,748 Shs. Ford Motor Company 500 Shs. FPL Group Incorporated 2,000 Shs. General Electric Company 1,462 Shs. SBC Communications Incorporated 1,220 Shs. Verizon Communications 130 Shs. Visteon Corporation Cash Principal Cash Income Cash Fair Market Value Payout Rate 2001 Unitrust Payout Number of Payments per Year Installment Amount $ 677,426.50 62,950.00 85,020.00 117,900.00 27,478.56 28,200.00 80,160.00 57,266.54 57,901.20 1, 955.20 $ 1, 196, 258.00 134,038.74 16,512.06 $ 1, 346, 808.80 5.OOOOo $ 67,340.44 1 $ 67,340.44 - 129 - UNITRUST STATEMENT (cont' d) FORWARD Common Stocks 1,000 Shs. Bank of America Corporation 2,000 Shs. Du Pont E I De Nemours & Company 3,000 Shs. Exxon Mobil Corporation 1,748 Shs. Ford Motor Company 500 Shs. FPL Group Incorporated 2,000 Shs. General Electric Company 1,462 .Shs. SBC Communications Incorporated 1,220 Shs. Verizon Communications 130 Shs. Visteon Corporation Cash Principal Cash Income Cash Fair Market Value Payout Rate 2002 Unitrust Payout Number of Payments per Year Installment Amount $ 637,483.50 69, 570.00 84,800.00 104,820.00 16,256.40 30,065.00 48,700.00 39, 634.82 47,275.00 904.80 $ 1, 079, 509.52 148,415.65 2,420.60 $ 1,230,345.77 5.0000 $ 61, 517 .2 9 1 $ 61, 517 .29 - 131 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks (cont'd) 500 Shs. FPL Group Incorporated 2,000 Shs. General Electric Company 300 Shs. International Business Machines Corporation 500 Shs. Kimberly Clark Corporation 500 Shs. Merck & Company Incorporated 1,462 Shs. SBC Communications Incorporated 1,220 Shs. Verizon Communications Mutual Funds 8,574.53 Shs. Vanguard Long-Term Corporate Fd #28 Cash Principal Cash Income Cash Fair Market Value Payout Rate 2003 Unitrust Payout Number of Payments per Year Installment Amount $ 831, 616.50 32,710.00 61,960.00 27,804.00 29,545.00 23,100.00 38,114.34 42,797.60 79,485.89 $ 1,167,133.33 94, 342.67 1,773.49 $ 1, 263, 249.49 5.0000% $ 63,162.47 1 $ 63,162.47 - 133 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks (cont'd) 500 Shs. Merck & Company Incorporated 1,462 Shs. SBC Communications Incorporated 1,220 Shs. Verizon Communications Mutual Funds 4,950.495 Shs. MTB Intermediate Term Bond-Inst I Fund #220 5,186.723 Shs. MTB Short Duration Government Bond Inst I Fund #120 10,482.18 Shs. MTB US Government Bond Inst I Fund #822 10,670.966 Shs. Vanguard Long-Term Corporate Fd #28 Cash Principal Cash Income Cash Fair Market Value Payout Rate 2004 Unitrust Payout Number of Payments per Year Installment Amount $ 842,679.50 16,070.00 37,675.74 49,422.20 4 9, 900.99 49, 948.14 99,895.18 101,907.73 $ 1,247,499.48 42,251.26 900.00 $ 1, 290, 650.74 5.OOOOa $ 64,532.54 1 $ 64,532.54 - 135 - UNITRUST STATEMENT (cont'd) FORWARD Common Stocks (cont'd) 300 Shs. International Business Machines Corporation 500 Shs. Kimberly Clark Corporation 500 Shs. Merck & Company Incorporated 500 Shs. Pepsico Incorporated 1,220 Shs. Verizon Communications Mutual Funds 4,950.495 Shs. MTB Intermediate Term Bond-Inst I Fund #220 5,186.723 Shs. MTB Short Duration Government Bond Inst I Fund #120 10,482.18 Shs. MTB US Government Bond Inst I Fund #822 10,670.966 Shs. Vanguard Long-Term Corporate Fd #28 Cash Principal Cash Income Cash Fair Market Value Payout Rate 2005 Unitrust Payout Number of Payments per Year Installment Amount $ 761,864.88 24,660.00 29,825.00 15,905.00 29,540.00 36,746.40 48,712.87 49,481.34 97, 589.10 101,587.60 $ 1, 195, 912.19 42,341.15 1,000.00 $ 1, 239, 253.34 5.0000 $ 61, 962.67 1 $ 61,962.67 - 137 - UNITRUST STATEMENT (cont'd) FORWARD Mutual Funds 1,050.231 Shs. Boston Company International Small Cap Fund 1,405.626 Shs. Bridgeway Ultra Small Co. Mkt Fd 1,005.643 Shs. CRM Mid Cap Value Fd-Instl #32 706.301 Shs. Harbor International Fund #11 10,646.556 Shs. MTB Intermediate Term Bond-Inst I Fund #220 11,163.998 Shs. MTB US Government Bond Inst I Fund #822 9,613.067 Shs. Pimco Total Return Fund I #35 11,344.043 Shs. Vanguard Long-Term Corporate Fd #28 Cash Principal Cash Income Cash Fair Market Value Payout Rate 2006 Unitrust Payout Number of Payments per Year Installment Amount - 139 - $ 712,502.50 25,783.17 27,465.93 30,008.39 43,818.91 104,229.78 103,155.34 99,783.64 104,932.40 $ 1, 251, 680.06 75,070.52 1,840.95 $ 1, 328, 591.53 5.OOOOo $ 66, 429.58 1 $ 66,429.58 UNITRUST STATEMENT (cont'd) FORWARD Mutual Funds (cont'd 1,110.851 Shs. CRM Mid Cap Value Fd-Instl #32 1,169.344 Shs. Harbor International Fund #11 10,646.556 Shs. MTB Intermediate Term Bond-Inst I Fund #220 11,163.998 Shs. MTB US Government Bond Inst I Fund #822 9,674.628 Shs. Pimco Total Return Fund I #35 11,344.043 Shs. Vanguard Long-Term Corporate Fd #28 Cash Principal Cash Income Cash Fair Market Value Payout Rate 2007 Unitrust Payout Number of Payments per Year Installment Amount - 141 - $ 721,461.21 32,892.30 83,444.39 105,400.90 105,388.14 103,421.77 102,777.03 $ 1,254,785.74 95,446.01 2,528.31 $ 1,352,760.06 5.OOOOo $ 67,638.00 1 $ 67,638.00 UNITRUST STATEMENT (cont'd) FORWARD Mutual Funds 1,595.822 Shs. Bridgeway Ultra Small Co. Mkt Fd 1,110.851 Shs. CRM Mid Cap Value Fd-Instl #32 1,169.344 Shs. Harbor International Fund #11 10,646.556 Shs. MTB Intermediate Term Bond-Inst I Fund #220 11,163.998 Shs. MTB US Government Bond Inst I Fund #822 10,155.848 Shs. Pimco Total Return Fund I #35 11,344.043 Shs. Vanguard Long-Term Corporate Fd #28 Cash Principal Cash Income Cash Fair Market Value Payout Rate 2008 Unitrust Payout Number of Payments per Year Installment Amount - 143 - $ 469,750.75 15,367.77 21,050.63 46,914.08 105,507.37 108,514.06 102,980.30 98,920.05 $ 969, 005 . O1 60, 002.81 1,388.99 $ 1, 030, 396.81 5.0000% $ 51,519.84 1 $ 51,519.84 VERIFICATION (cont'd) Manufacturers and Traders Trust Company, Successor to Keystone Financial Bank, N.A., Successor to Financial Trust Services Company, Successor Farmers Trust Company and John McCrea, III, Co-Trustees under the Will of SARAH MCCREA CHAPMAN JONES, deceased, hereby declare under oath that they have fully and faithfully discharged the duties of their offices; that the foregoing Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Trust have been paid in full; that, to their knowledge, there are no claims now outstanding against the Trust; and that all taxes presently due from the Trust have been paid. This statement is made subject to the penalties of 18 PA. C.S.A. Section 4904 relating to unsworn falsification to authorities. ~ ~., ~~~~ John c rea, III Dated: DEC 0 7 2009 - 145 - TRUST Cumberland COURT OF COMMON PLEAS OF COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NAME OF TRUST (TRUST UNDER WILL OF Sarah McCrea Chapman Jones or TRUST UNDER DEED OF DATED No. PETITION FOR ADJUDICATION / STATEMENT OF PROPOSED DISTRIBUTION PURSUANT TO Pa. O.C. Rule 6.9 a n°n t-~ ~rl This form may be used in all cases involving the Audit of Trust Accounts. If space is insufficient, riders may be attached. INCL UDE ATTACHMENTS AT THE BACK OF THIS FORM. Name of Counsel: No V. Otto III, Esquire Supreme Court I.D. No.: 27763 Name of Law Firm: Martson Law Offices Address: 10 East High Street, Carlisle, PA 17013 Telephone: 717-243-3341 Fax: 717-243-1850 _~, a^,,} ~~. ~ ~ r~- .~-~ ~r ~_4 ~ 1w f~ Ni {'"''~~..~~ -.A~.~ ~~..I .Y'~N .-., ,~1 jr! ~ ~ { /7 Lf~ Form OC-02 rev 10.13.06 Page 1 of 10 Name of Trust: Sarah McCrea Chapman Jones 1. Name(s) and address(es) of Petitioner(s): Petitioner: Name: M & T Bank, Trustee Andress: 1 West High Street Carlisle, PA 17013 Petitioner: John McCrea III, Trustee 221 Doubling Gap Raod Newville, PA 17241 2. Check if any of the following issues are involved in this case: A. Appointment of Trustee ........................................... B. Interpretation ................................................... C. Discharge of Trustee ............................................. D. Transfer of Situs ................................................. E. Appointment of Ad Litem .......................................... F. Minor, Unborn or Unascertained Beneficiary(ies) ...................... G. Principal Distribution ............................................. H. Partial/Full Termination of Trust .................................... I. Missing Beneficiary(ies) .......................................... J. Cy Pres ........................................................ K. WilliamsonIssue* ............................................... L. Other Issues .................................................... List: Directed by Orphan's Court of Philadelphia Please note: A detailed explanation of issues checked should be set forth at item 13 below. '~ See Williamson Estate, 368 Pa. 343, 82 A.2d 49 (1951), if Trustee was also Executor of the settlor/decedent's estate and received commissions in such capacity. Form OC-02 rev 10.13.06 Page 2 of 10 Name of Trust: Sarah McCrea Chapman Jones 3. Testamentary Trust: Decedent's date of death: July 28, 1978 Date of Decedent's Will: September 8, 1976 Date(s) of Codicil(s): October 6, 1977 Date of probate: August 16, 1978 or Inter Vivos Trust: Date of Trust: Date(s) of Amendment(s): 4. A. If any other Court has taken jurisdiction of any matter relating to this Trust, explain: Filing requested by J. Lazarus, Philadelphia Orphan's Court judge in the matter of Alfred McCrea Chapman, an incapacitated person who is the income beneficiary. B. Identify all prior accountings and provide dates of adjudication. None 5. A. State how each Trustee was appointed: Last Will and Testament B. If a Petitioner is not a Trustee, explain: Form OC-02 rev 10.13.06 Page 3 of 10 Name of Trust: Sarah McCrea Chapman Jones 6. State how and when the present fund was awarded to Trustee(s): Funded October l6, 1985 7. 8. Period covered by accounting: 10/16/85 to 11/12/09 Current fair market value of the Trust principal is $ 1,111,126.00 of Account.) 9. State concisely the dispositive provisions of the Trust: 10% to Dickinson College 30% to Brown University 10% to National Trust for Scotland 30% to Episcopal Diocese of Central Pennsylvania 20% to Dickinson School of Law . (See page 10. Explain the reason for filing this Account (if filed because of the death of a party, state name of person, relationship to Trust and date of death): See Item # 4 above Form OC-02 rev 10.13.06 Page 4 of 10 Name of Trust: Sarah McCrea Chapman Jones 11. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this Audit (see Pa. O.C. Rule 12.4): Not applicable 12. A. State the amount of Pennsylvania Transfer Inheritance Tax and Pennsylvania Estate Tax paid (including postponed tax on remainder interests), the dates of payment and the interests upon which such amounts were paid: Date None Payment Interest B. If any such taxes remain unpaid or are in dispute, explain: None 13. Describe any questions requiring Adjudication and state the position of Petitioner(s) and give details of any issues identified in item 2: None Form OC-02 rev 10.13.06 Page 5 of 10 Name of Trust: Sarah McCrea Chapman Jones 14. Written notice of the Audit as required by Pa. O.C. Rules 6.3, 6.7 and 6.8 has been or will be given to all parties in interest listed in item 15 below. In addition, notice of any questions requiring Adjudication as discussed in item 13 above has been or will be given to all persons affected thereby. A. If Notice has been given, attach a copy of the Notice as well as a list of the names and addresses of the parties receiving such notice. B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice shall be submitted at the Audit together with a statement executed by Petitioner(s) or counsel certifying that such Notice has been given. C. If any such party in interest is not sui juris (e.g., minors or incapacitated persons), Notice of the Audit has been or will be given to the appropriate representative on such party's behalf as required by Pa. O.C. Rule 5.2. D. If any charitable interest is involved, Notice of the Audit has been or will also be given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition, the Attorney General's clearance certificate (or proof of service of Notice and a copy of such Notice) must be submitted herewith or at the Audit. 15. List all parties of whom Petitioner(s) has/have notice or knowledge, having or claiming any interest in the Trust, whether such interest is vested or contingent, charitable or non-charitable. This list shall: A. State each party's relationship to the Settlor/Decedent and the nature of each party's interest(s); Form OC-02 rev 10.13.06 Page 6 of 10 Name of Trust: Sarah McCrea Chapman Jones B. Identify each party who is not sui juris (e.g., minors or incapacitated persons). For each such party, give date of birth, the name of each Guardian and how each Guardian was appointed. If no Guardian has been appointed, identify the next of kin of such party, giving the name, address and relationship of each; and Alfred McCrea Chapman DOB 1936, an incapacited person Henry L. Chapman, Guardian by appointment 9/24/09 C. If distribution is to be made to the personal representative of a deceased party, state date of death, date and place of grant of Letters and type of Letters granted. N/A 16. If Petitioner(s) has/have knowledge that a Trust share has been assigned or attached, provide a copy of the assignment or attachment, together with any relevant supporting documentation. 17. If a trustee's principal commission is claimed: A. If based on a written agreement, attach a copy thereof. Form OC-02 rev 10.13.06 Page 7 of 10 Name of Trust: Sarah McCrea Chapman Jones B. If a principal commission is claimed, state amount. None C. If a principal commission is claimed, state the amounts and dates of any principal commissions previously paid in prior accounting periods. Amount Date Paid 18. If a reserve is requested, state amount and purpose. Amount: Purpose: If a reserve is requested for counsel fees, has notice of the amount of fees to be paid from the reserve been given to the parties in interest? ........................................ ~ Yes ~No If so, attach a copy of the notice. 19. Is the Court being asked to direct the filing of a Schedule of Distribution? .......................... 0 Yes ~No Form OC-02 rev 10.13.06 Page 8 of 10 Name of Trust: Sarah McCrea Chapman Jones Wherefore, your Petitioner(s) ask(s) that distribution be awarded to the parties entitled and suggest(s) that the distributive shares of income and principal (residuary shares being stated in proportions, not amounts) are as follows: A. Income: Proposed Distributee(s) Amount/Proportion none B. Principal: Proposed Distributee(s) Amount/Proportion none Submitted By: (All petitioners must sign. Add additional lines if necessary): ~~ Nam of Petitioner: M & Bank, Trustee ''~ C~.~ Name of et' Toner: John McCrea III, Trustee Form OC-02 rev 10.13.06 Page 9 of 10 Name of Trust: Sarah McCrea Chapman Jones Verification of Petitioner (Verification must be by at least one petitioner.) The undersigned hereby verifies * [that he~she he is rule Vice President of the above-named name ojcorporation M & T Bank and] that the facts set forth in the foregoing Petition for Adjudication /Statement of Proposed Distribution which are within the personal knowledge of the Petitioner are true, and as to facts based on the information of others, the Petitioner, after diligent inquiry, believes them to be true; and that any false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 (relating to unsworn falsification to authorities). ~~~ Sig afore of Petitio er * Corporate petitioners must complete bracketed information. Certification of Counsel The undersigned counsel hereby certifies that the foregoing Petition for Adjudication / Statement of Proposed Distribution is a true and accurate reproduction of the form Petition authorized by the Supreme Court, and that no changes to the form have been made beyond the responses herein. Signature of Counsel for Petitioner Form OC-02 rev 14.13.06 Page 10 of 10 Sarah McCrea Chapman Jones Trust Beneficiaries Alfred McCrea Chapman, an incapacitated person Income Beneficiary Henry L. Chapman, Guardian Son of Testatrix 355 Lonely Goose Circle Harleysville, PA 19438 Dickinson College Remainder Beneficiary P.O. Box 1773 Carlisle, PA 17013 Brown University Remainder Beneficiary Providence, RI 02912 National Trust for Scotland Remainder Beneficiary Wemyss House, 28 Charlotte Square Edinburgh, Scotland WK EH2 4ET Episcopal Diocese of Central Pennsylvania Remainder Beneficiary 101 Pine Street Harrisburg, PA 17101 Dickinson School of Law Remainder Beneficiary 1170 Harrisburg Pike Carlisle, PA 17013