OMBNo 1545-0052 2006 - Foundation Center990s.foundationcenter.org/990pf_pdf_archive/113/113161054/... · cc 8 Net short-term capital gain ... 21 Mortgagesand other notes payable

Form 990-PF turn of Private Foundation*or Section 4947(a)(1) Nonexempt Charitable Trust

Department of the Treasury Treated as a Private FoundationInternal Revenue servic e Note : The foundation may be able to use a copy of this return to satisfy state report,

OMB No 1545-0052

2006For calenda r year 2006 , or tax year beginning , and endingr_ rti û Cr r ^^ hr ^1 l r r,1 .o+ Î c, ^l .or F^ n.no. to + r at ^^ F^ n^rlâco rh x a F^ th., a rhs ,tee

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Use the IRSName of foundation A Employer identification number

label.Otherwise , HE JOAN MITCHELL FOUNDATION INC. 11-3161054

print Number and street (or P O box number if mail Is not delivered to street address ) Room/swte B Telephone numberortype. 545 WEST 25TH STREET 15TH FLOOR 212-524-0100

See SpecificInstructions

City or town, state, and ZIP code C If exemption application is pending , check here.NEW YORK NY 10001 D 1. Foreign organizations, check here

H Check type of organization: Section 501(c)(3) exempt private foundationmeetin2 .

checForei gn

here aanizationsnd attach cmpcation

5% test,

Section 4947(a)(1) nonexempt charitable trust Q Other taxable private foundationrivate foundation status was terminatedE If

I Fair market value of all assets at end of year J Accounting method: ® Cash Accrualp

under section 507(b)(1)(A), check here ►(from Part 11, col. (c), line 16) 0 Other (specify) F If the foundation is in a 60-month termination1104 133 , 044 , 841 . (Part 1, column (d) must be on cash basis.) under section 507 ( b )( 1 ) B), check here op^

Part I Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements(The total of amounts in columns (b), (c), and (d) may notnecessarily equal the amounts in column (a)) expenses per books income income for charitable purposes

(cash basis only)

1 Contributions, gifts, grants, etc., received 49 , 163 . N /A2 Check ►= if the foundation is not required to attach Sch B

3 Interest on savings and temporarycash investments

4 Dividends and interest from securities 377 , 222. 377 , 222. STATEMENT 1

5a Gross rents

b Net rental income or (loss)

6a Net gain or (loss) from sale of assets not on line 10 7 , 465 , 756. STATEMENT 23 b Gross sales price for all 16,410 , 664.assets on line 6a

y 7 Capital gain net income (from Part IV, line 2) 562 , 966 .

cc 8 Net short-term capital gain

9 Income modificationsGross sales less returns

10a and allowances

b Less Cost of goods sold

11 OthRIEGEIVED12 7 , 892 141. 940 , 188 .

19 Com o f ^ ecto tees, etc 125 , 988. 12 , 539 . 96 , 848.R Other employe saiarieessand s 164 , 904. 0. 164 904.15 34 , 862. 1 , 798. 24 973.

y 16a L6j DEN (JT TMT 3 206 569. 0. 156 091.,b Accounting ees TMT 4 4 , 720. 944. 3 , 776.

CLW c Other professional fees $TMT 5 113 634. 113 , 634. 0.

i 17 Interest

= b 18 Taxes $TMT 6 28 , 746. 5 , 642. 17 , 621.19 Depreciation and depletion 8 245 . 0.

E 20 Occupancy 11 618. 0. 11 618.a 21 Travel, conferences, and meetings 7 315 . 0 . 3 133 .

a 22 Printing and publications 1 817 . 0 . 1 817 .

I 23 Other expenses STMT 7 819 816. 611. 563 , 566.v 24 Total operating and administrative

a expenses . Add lines 13 through 23 1 528 234. 135 168. 1 044 , 347.-0 25 Contributions, gifts, grants paid 1 351 100 . 1 3 51 10 0 .

26 Total expenses and disbursements.

Add lines 24 and 25 2 , 879 , 334. 135 168. 2 , 395 , 447.27 Subtract line 26 from line 12:

a Excess of revenue over expenses and disbursements 5 0 12 807.

b Net investment income (if negative, enter -0-) 805 , 020.

c Adjusted net income (if negative, enter -0-) N /A

LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions . Form 990PF (2006)

623501

115231115 135625 1900.01 2006.07000 THE JOAN MITCHELL FOUNDATIO 1900011

Form 99n-PF f9onm mLTV .-MAW MTOWLIT.T_ VnrrhmamTr%WT TATC' • 11 _11 Gn nrn os„o1)

rt II Balance Sheets Attached schedules and amounts in the descriptionpBeginning of year End o f year V v -a

column should be for end-of-year amounts only ( a) Book Value (b) Book Valu e (c) Fair Market Value

1 Cash - non-Interest - bearing 604 , 742. 121 , 107o 121 , 107.2 Savings and temporary cash investments 658 , 553. 4 , 106 , 414 . 4 , 106 , 414.3 Accounts receivable ►

Less: allowance for doubtful accounts ►4 Pledges receivable ►

Less: allowance for doubtful accounts ►5 Grants receivable

6 Receivables due from officers , directors, trustees, and other

disqualified persons

7 Other notes and loans receivable ►

Less: allowance for doubtful accounts ►8 Inventories for sale or use

9 Prepaid expenses and deferred charges

10a Investments - U.S. and state government obligations STMT 9 1 , 925 , 396. 2 , 260 , 672. 2 , 228 , 414.b Investments - corporate stock STMT 10 4 , 373 , 167. 7 , 212 , 153. 7 , 838 , 357.c Investments - corporate bonds $TMT 11 400 , 745. 557 , 101. 558 , 946.

11 Investments-land, buildings and equipment basis ►

Less accumulated depreciation ►

12 Investments - mortgage loans

13 Investments - other $TMT 12 681 , 321. 1 834 , 291. 1 864 , 922.14 Land , buildings, and equipment : basis ► 648 , 404 .

Less accumulated depreciation STMT 13 ► 16 , 947. 34 303. 631 , 457. 631 , 457.15 Other assets ( describe ► STATEMENT 14) 52 , 346 : 477. 49 , 729 , 597. 115 , 695 , 224.

16 Total assets to be com p leted by all filers 61 , 024 , 704. 66 452 , 792. 133 , 044 , 841.17 Accounts payable and accrued expenses

18 Grants payable 312 , 500. 312 , 500.o 19 Deferred revenue

20 Loans from officers , directors . trustees, and other disqualified persons

21 Mortgages and other notes payable

J 22 Other liabilities ( describe ► DUE TO BROKER 0. 415 , 281.

23 Total liabilities ( add l ines 17 throu g h 22 ) 312 , 500. 727 , 781.

Foundations that follow SFAS 117 , check here ► 0and complete lines 24 through 26 and lines 30 and 31.

U)24 Unrestricted

25 Temporarily restrictedism 26 Permanently restrictedv

Foundations that do not follow SFAS 117 , check here ►LLLL and complete lines 27 through 31.0

27 Capital stock , trust principal, or current funds 0. 0.

28 Paid - in or capital surplus , or land , bldg., and equipment fund 0. 0.

29 Retained earnings, accumulated income , endowment , or other funds 60 , 712 , 204. 65 , 725 , 011.Z 30 Total net assets or fund balances 60 , 7 2 2 0 4. . 65 , 725 , 011.

31 Total liabilities and net assets /fund balances 61 , 024 , 704. 1 66 , 452 , 792.

Part III Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column ( a), line 30

(must agree with end - of-year figure reported on prior year ' s return ) 1 60 , 712 , 204 .

2 Enter amount from Part I, line 27a 2 5 , 012 , 807 .

3 Other increases not included in line 2 ( itemize) ► 3 0

4 Add lines 1, 2, and 3 4 .65 , 725 , 0115 Decreases not included in line 2 ( itemize) ► 5 0

6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column ( b ) , line 30 6 65 , 7 2 5 , 011.

Form 990-PF (2006)62351103-08-01


Form 990-PF • 11-Part IV I Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind ( s) of property sold (e . g., real estate ,2-story brick warehouse ; or common stock , 200 shs. MLC Co . )

( b How acquired^ - Purchase0 - Donation

( c) Date acquired( mo., day, yr .)

(d) Date sold( mo., day, yr.)

la SCHEDULED LONG Pb SCHEDULED SHORT Pc SCHEDULED LONG ACCT04016 Pd SCHEDULED SHORT ACCT04016 Pe CAPITAL GAINS DIVIDENDS

(e) Gross sales price (f) Depreciation allowed(or allowable)

( g) Cost or other basisplus expense of sale

( h) Gain or (loss)( e) plus ( f) minus (g)

a 144 893. 144 893.b 367 639. 367 639.c 7 , 201.d 38 , 801.e 4 432. 4 , 432.

Complete only for assets showing gain in column ( h) and owned by the foundation on 12/31 /69 (I) Gains (Col. (h) gain minus -

(i) F.M.V. as of 12/31/69(j) Adjusted basisas of 12/31/69

(k) Excess of col. (i)over col . ( I), if any

c ol. (k), but not less than -0-) orLosses ( from col. (h))

a 144 893.b 367 639.c 7 , 201.d 38 , 801.e 4 , 432.

2 Capital gain net income or net capital loss) .If gain, also enter in Part I, line 7

1enter -0- in Part I line 7( If (loss ) 2 562 , 966.

3

,,

Net short- term capital gain or ( loss) as defined in sections 1222(5) and (6):If gain, also enter in Part I , line 8, column (c).If (loss), enter -0 - in Part I , line 8 3 N /A

Part V Qualification Under Section 4940(e) Tor Reduced 7 ax on Net investment income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base periods Yes ® No

If "Yes," the foundation does not qualify under section 4940 ( e). Do not complete this part.

1 Enter the aoorooriate amount in each column for each year: see instructions before making any entries.

aBase period years

Calendar year ( or tax y ear be g innin g m Adjusted quali fy ing distributions Net value of nonchcantable use assets

dDistribution ratio

(col. (b) divided by col. (c))

2005 1 , 398 , 396. 39 695 256. .0352282004 686 693. 19 322 628. .0355382003 684 201. 578 676. 1.1823562002 435 918. 1 , 217 , 082. .3581662001 526 966. 1 , 821 , 061. .289373

2 Total of line 1, column (d) 2 1.900661

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5,

the foundation has been in existence if less than 5 years

or by the number of years

3 . 380132

4 Enter the net value of noncharitable-use assets for 2006 from Part X, line 5 4 60 , 254 , 667.

5 Multiply line 4 by line 3 5 22 , 904 , 727.

6 Enter 1% of net investment income (1% of Part I, line 27b) 6 8 , 050.

7 Add lines 5 and 6 7 22 , 912 , 777.

8 Enter qualifying distributions from Part XI I, line 4 8 2 , 395 , 447.If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate.See the Part VI instructions.

623521/01-29-07 Form 990-PF (2006)

315231115 135625 1900.01 2006.07000 THE JOAN MITCHELL FOUNDATIO 1900_011_

Form 990-PF (2006) THE JOAN MITCHELL FOUNDATION INC . • 11-3161054 Page 4Part VI Excise Tax Based on Investment Income (Section 4940(a), 4940 (b), 4940(e), or 4948 - see instructions)

1a Exempt operating foundations described in section 4940(d)(2), check here ►Q and enter "N/A" on line 1.

Date of ruling letter: ( attach copy of ruling letter if necessary -see instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ►Q and enter 1% 1 16 , 100.

of Part I, line 27b

c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0.

3 Add lines 1 and 2 3 16 , 100.

4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0.

5 Tax based on Investment income . Subtract line 4 from line 3. If zero or less, enter -0- 5 16 , 100.

6 Credits/Payments:

a 2006 estimated tax payments and 2005 overpayment credited to 2006 6a 1 , 186.

b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to file (Form 8868) 6c 33 , 500.

d Backup withholding erroneously withheld 6d

7 Total credits and payments. Add lines 6a through 6d 7 34 , 686.

8 Enter any penalty for underpayment of estimated tax. Check here Q if Form 2220 is attached 8 27.

9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed ► 9

10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10 18 , 559 .

11 Enter the amount of line 10 to be: Credited to 2007 estimated tax jo^ 18 5 5 9 . 1 Refunded 11 0.

Part VII-A Statements Regarding Activities

did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene inla During the tax year Yes No,

any political campaign? is X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? lb X

If the answer is "Yes" to la or 1b, attach a detailed description of the activities and copies of any materials published or

distributed by the foundation in connection with the activities.

c Did the foundation file Form 1120-POL for this year? 1c X

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. ► $ 0. (2) On foundation managers. ► $ 0.

e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation

managers. ► $ 0.2 Has the foundation engaged in any activities that have not previously been reported to the IRS? 2 X

If "Yes, " attach a detailed description of the activities.

3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or

or other similar instruments? If "Yes, " attach a conformed copy of the changesbylaws 3 X,

4a Did the foundation have unrelated business gross income of $1,000 or more during the year? 4a X

b If "Yes; has it filed a tax return on Form 990 -T for this year? N/A 4b

dissolution, or substantial contraction during the year?termination5 Was there a liquidation 5 X, ,

If "Yes, " attach the statement required by General Instruction T.

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

• By language in the governing instrument, or

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law

remain in the governing instrument? 6 X,

000 in assets at any time during the year?7 Did the foundation have at least $5 7 X,

If "Yes," complete Part 11, col. (c), and Part XV.

8a Enter the states to which the foundation reports or with which it is registered (see instructions) ►

b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate)

of each state as required by General Instruction G? If "No, " attach explanation 8b X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942( j)(5) for calendar

year 2006 or the taxable year beginning in 2006 (see instructions for Part XIV)? If "Yes, " complete Part XIV 9 X

0 Did any persons become substantial contributors during the tax year? it "Yes , " attach a schedule listin g their names and addresses 10 X

Form 990-PF (2006)

62353101-29-07

415231115 135625 1900 . 01 2006.07000 THE JOAN MITCHELL FOUNDATIO 1900011

Form 990-PF (2006) THE JOAN M1HELL FOUNDATION INC. • 11-3161054 Page 5

Part VII -A I Statements Regarding Activities Continued

1 Is At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?

If "Yes, attach schedule. (see instructions)

b If "Yes," did the foundation have a binding written contract in effect on August 17, 2006, covering the interest, rents, royalties, and

annuities described in the attachment for line 1 la? N/A

12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract?

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application ? 1 13 1 X IWeb site address ► HTTP: //FDNCENTER.ORG/GRANTMAKER/JOANMITCHELLFDN/

14 The books are in care of ► CAROLYN SOMERS Telephone no. ► 212 - 5 2 4 - 010 0located at ► JOAN MITCHELL FDTN, 545 WEST 215TH ST. 15TH FLOOR ZIP+4 ►10 0 01

15 Section 4947( a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ►0and enter the amount of tax -exempt interest received or accrued during the year ► 1 15 I N/A

File Form 4720 if any item is checked in the "Yes " column , unless an exception applies.

la During the year did the foundation ( either directly or indirectly):

(1) Engage in the sale or exchange , or leasing of property with a disqualified person? Yes ® No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? Yes No

(3) Furnish goods , services , or facilities to ( or accept them from) a disqualified person? Yes No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes ® No

(5) Transfer any income or assets to a disqualified person ( or make any of either available

for the benefit or use of a disqualified person )? =Yes No

(6) Agree to pay money or property to a government official? ( Exception. Check "No'

if the foundation agreed to make a grant to or to employ the official for a period after

termination of government service, if terminating within 90 days .) Yes ® No

b If any answer is "Yes" to la(1)-(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941 (d)-3 or in a current notice regarding disaster assistance ( see page 22 of the instructions)? N/A lb

Organizations relying on a current notice regarding disaster assistance check here ►

c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts , that were not corrected

before the first day of the tax year beginning in 2006' tc

Taxes on failure to distribute income ( section 4942 ) ( does not apply for years the foundation was a private operating foundation

defined in section 4942 ( l)(3) or 4942 ( j)(5)):

a At the end of tax year 2006 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII ) for tax year(s) beginning

before 2006' Yes ® No

If "Yes," list the years ►b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942 ( a)(2) (relating to incorrect

valuation of assets ) to the year's undistributed income? ( If applying section 4942(a)(2) to all years listed, answer " No" and attach

statement - see instructions.) N/A 2b

c If the provisions of section 4942 ( a)(2) are being applied to any of the years listed in 2a, list the years here.

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time

during the year? =Yes ® No

b If "Yes," did it have excess business holdings in 2006 as a result of (1) any purchase by the foundation or disqualified persons after

May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose

of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C,

Form 4720, to determine if the foundation had excess business holdings in 2006.) N/A 3b

4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a

b Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that

had not been removed from ieopardv before the first day of the tax year beginning in 2006? 4b

Yes l No

Form 990-PF (2006)

62354101-29-07


THE JOAN M HELL FOUNDATION INC. 11-3161054 Pae6Part VII-B Statements Regarding Ivities for Which Form 4720 May Be Re Ired continued5a During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda , or otherwise attempt to influence legislation ( section 4945(e))7 LI Yes No

(2) Influenc3 the outcome of any specific public election ( see section 4955 ); or to carry on , directly or indirectly,

any voter registration drive? LI Yes ® No

(3) Provide a grant to an individual for travel , study , or other similar purposes? LI Yes ® No

(4) Provide a grant to an organization other than a charitable , etc., organization described in section

509(a )( 1), (2), or (3 ), or section 4940(d)(2)? 0 Yes ® No

(5) Provide for any purpose other than religious , charitable , scientific, literary , or educational purposes, or for

the prevention of cruelty to children or animals? 0 Yes ® No

b If any answer is "Yes ' to 5a(1)-(5 ), did any of the transactions fail to quality under the exceptions described in Regulations

section 53 . 4945 or in a current notice regarding disaster assistance ( see instructions )? N/A 5b

Organizations relying on a current notice regarding disaster assistance check here 1 LI

c If the answer is "Yes' to question 5a(4), does the foundation claim exemption from the tax because it maintained

expenditure responsibility for the grant? N/A LI Yes Q No

If "Yes," attach the statement required by Regulations section 53.4945-5(d).

6a Did the foundation , during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? LI Yes ® No

b Did the foundation , during the year, pay premiums , directly or indirectly , on a personal benefit contract? 6b X

If you answered " Yes" to 6b, also file Form 8870.

7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction ? 0 Yes ® No

b If yes , did the foundation receive any p roceeds or have an y net income attributable to the transaction2 N /A 7b

Part VIII Information About Officers , Directors , Trustees, Foundation Managers , HighlyaI Paid Employees , and Contractors1 List all officers - directors - trustees - foundation manaaers and their comnensation.

(a) Name and address(b) Title, and average

hours erweek devotedto p osition

( c) Compensationp aid ,

(Ifenternot

-0

(d) Gontnbutionstoempand plans

comdeferredn

( e) Ex p enseaccount, otherallowances

SEE STATEMENT 15 125 988. 0. 0.

2 Comnensatinn of five hinhest-nail emnlnvees lnther than those included on line 11. If none. enter "NONE."

(a) Name and address of each employee paid more than $50,000(b) Title and average

hours per weekdevoted to p osition

( C) Compensation(d), Contributions toemp a nd benefit plansoyee

compensatio

n

(e) Expenseaccount, otherallowances

JENNIFER DOHNEJOAN MITCHELL FDT 545 W 25TH ST , 15FL 40.00 57 , 005.LAURA MCLELLANDJOAN MITCHELL FDT 545 W 25TH ST , 15FL 40.00 56 , 374.ALLISON HAWKINSJOAN MITCHELL FDT 545 W 25TH ST , 15F 40.00 51 , 525.

Total number of other employees paid over $50,000 1 0Form 990-PF (2006)

62355101-29-07


Form 990-PF (2006) THE JOAN MI HELL FOTTNnATTON TN(- • 1 1 - Page 7

Part VIII Information About Officers , Directors , Trustees, Foundation Managers, HighlyPaid Employees, and Contractors Continued

3 Five highest paid independent contractors for professional services . If none, enter "NONE."

(a) Name and address of each person paid more than $50,000 ( b) Type of service (c) Compensation

DERFNER & GILLETT , LLP600 THIRD AVENUE , NEW YORK , NY 10016 LEGAL SERVICES 96 , 792.MERRILL LYNCH153 EAST 53RD STREET , NEW YORK , NY 10022 INVESTMENT ADVISORY 113 634.

Total number of others receiving over $50,000 for p rofessional services ► 0

Part IX-A Summary of Direct Charitable Activities

List the foundation ' s four largest direct charitable activities during the tax year. Include relevant statistical information such as thenumber of organizations and other beneficiaries served , conferences convened, research papers produced, etc. Expenses

1SEE FOOTNOTE FOR ALL DIRECT SUPPORT TO INDIVIDUAL ARTISTS

1 , 154 , 600.2THE FOUNDATION'S ART EDUCATION PROGRAM PROVIDES FREE ARTCLASSES TO MIDDLE AND HIGH SCHOOL STUDENTS AT COMMUNITYCENTERS IN NEW YORK CITY. 274 570.

3ARTIST IN RESIDENCY PROGRAMS

100 000.4SUPPORT OF THE NYFA SOURCE , AN ONLINE AND PHONE RESOURCEFOR VISUAL ARTISTS. WWW.NYFA.ORG ( 800 ) 232-278 , ANDCOLLABORATIVE WORKSHOPS , WITH CUE , "MEETING ARTISTS NEEDS. " 35 , 000.

[Part IX-B Summary of Program-Related InvestmentsDescribe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount

iN A

2

All other program - related investments . See instructions.

3

Total . Add lines 1 through 3 ► 0.

Form 990-PF (2006)

62356101-29-07


Form 990-PF (2006) THE JOAN MI'IrCHELL FOUNDATION INC . • 11- 3161054 Page 8

Part X Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions)

1

a

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes:

Average monthly fair market value of securities la 10 , 763 , 465.b Average of monthly cash balances lb 1 , 948 , 594 .c Fair market value of all other assets 1c 48 , 460 192 .d Total (add lines la, b, and c) 1d 61 , 172 251 .

e

2

Reduction claimed for blockage or other factors reported on lines la and

1c (attach detailed explanation) le 20 ,

Acquisition indebtedness applicable to line 1 assets

768 , 654.2 0 .

3 Subtract line 2 from line 1d 3 61 , 172 251 .

4 Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see instructions) 4 917 584 .

5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 5 60 , 254 667 .

6 Minimum investment return Enter 5% of line 5 6 3 012 733 .

Part XIDistributable Amount (see instructions) (Section 4942(1)(3) and (1)(5) private operating foundations and certain

foreign organizations check here ► = and do not complete this part.)

1 Minimum investment return from Part X, line 6 1 3 012 733 .

2a

b

c

Tax on investment income for 2006 from Part VI, line 5 2a

Income tax for 2006. (This does not include the tax from Part VI.) 2b

Add lines 2a and 2b

16 , 100.

2c 16 100 .

3 Distributable amount before adjustments. Subtract line 2c from line 1 3 2 9 9 6 633 .

4 Recoveries of amounts treated as qualifying distributions 4 0 .

5 Add lines 3 and 4 5 2 , 996 633.

6 Deduction from distributable amount (see instructions) 6 0 .

7 Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7 2 9 9 6 633 .

PartXII Qualifying Distributions (see instructions)

1

a

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

etc. - total from Part I, column (d), line 26contributions giftsExpenses la 2 , 395 , 447.

b

,,,

Program-related investments - total from Part IX-B 1b 0.

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes 2

3

a

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required) 3a

b Cash distribution test (attach the required schedule) 3b

4 Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4Qualifying distributions 4 2 , 395 , 447. -

5

.

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

Enter 1% of Part I line 27bincome 5 0

6

,.

Adjusted qualifying distributions . Subtract line 5 from line 4 6 2 , 395 , 447.

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the

4940(e) reduction of tax in those years.

foundation qualifies for the section

Form 990-PF (2006)

62357101-29-07


Form 990-PF (2006) THE JOAN MITCHELL FOUNDATION INC . • 11-3161054 Page 9

Part XIII Undistributed Income (see instructions)

(a) (b) (c) (d)Corpus Years prior to 2005 2005 2006

1 DlstrlbOtable amount for 2006 from Part XI,

line? 2 996 633.2 Undistributed income , if any, as of the end of 2005

a Enter amount for 2005 only 0

b Total for prior years:

0.3 Excess distributions ca rryover, if any, to 2006:

aFrom 2001 198 638.bFrom2002 377 932.c From 2003 655 , 529.d From 2004

e From 2005

f Total of lines 3a throug h e 1 , 232 , 099.4 Qualifying distributions for 2006 from

Part XI I, line 4:10, $ 2 , 395 , 447.

a Applied to 2005, but not more than line 2a 0

b Applied to undistributed income of prior

years (Election required - see instructions) 0

c Treated as distributions out of corpus

(Election required - see instructions) 0.

d Applied to 2006 distributable amount 2 , 395 , 447.e Remaining amount distributed out of corpus 0.

5 Excess distributions carryover applied to 2006 601 , 186. 601 , 186.(if an amount appears in column (d), the same amountmust be shown in column (a) )

6 Enter the net total of each column asindicated below:

a Corpus Add lines 3f , 4c, and 4e Subtract line 5 630 , 913.b Prior years' undistributed income. Subtract

line 4b from line 2b 0

c Enter the amount of prior years'undistributed income for which a notice ofdeficiency has been issued, or on whichthe section 4942(a) tax has been previouslyassessed 0 .

d Subtract line 6c from line 6b. Taxable

amount - see instructions 0 .e Undistributed income for 2005. Subtract line

4a from line 2a. Taxable amount - see instr. 0

f Undistributed income for 2006. Subtract

lines 4d and 5 from line 1. This amount must

be distributed in 2007 0

7 Amounts treated as distributions out of

corpus to satisfy requirements imposed by

section 170(b)(1)(E) or 4942(g)(3) 0 .

8 Excess distributions carryover from 2001

not applied on line 5 or line 7 0 .

9 Excess distributions carryover to 2007.

Subtract lines 7 and 8 from line 6a 630 , 913.10 Analysis of line 9:

a Excess from 2002

b Excess from 2003 630 , 913.

c Excess from 2004

d Excess from 2005

e Excess from 2006

Form 990-PF (2006)62358101-29-07

15231115 135625 1900.019

2006.07000 THE JOAN MITCHELL FOUNDATIO 1900011

Form

S (see instructions and Part VII-A, question 9)

1 a If the foundation has received a ruling or determination letter that it is a private operating

foundation, and the ruling is effective for 2006, enter the date of the ruling

b Check box to indicate whether the foundation is a P rivate o eratm foundation described in section

2 a Enter the lesser of the adjusted net

income from Part I or the minimum

investment return from Part X for

each year listed

b 85% of line 2a

c Qualifying distributions from Part XII,

line 4 for each year listed

d Amounts included in line 2c not

used directly for active conduct of

exempt activities

e Qualifying distributions made directly

for active conduct of exempt activities.

Subtract line 2d from line 2cComplete 3a, b, or c for thealternative test relied upon:

a "Assets" alternative test - enter:(1) Value of all assets

(2) Value of assets qualifyingunder section 4942(j)(3)(B)(i)

b "Endowment' alternative test - enter2/3 of minimum investment returnshown in Part X, line 6 for each yearlisted

c "Support" alternative test - enter:

(1) Total support other than grossinvestment income (interest,dividends, rents, payments onsecurities loans (section512(a)(5)), or royalties)

(2) Support from general publicand 5 or more exemptorganizations as provided insection 4942(1)(3)(B)(ui)

(3) Largest amount of support from

an exempt organization

( 4 ) Gross investment income

Part XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assetsat any time during the year-see page 28 of the instructions.)

1 Information Regarding Foundation Managers:

a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any taxyear (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or

other entity) of which the foundation has a 10% or greater interest.

NONE

2 Information Regarding Contribution , Grant, Gift, Loan, Scholarship , etc., Programs:

Check here ► if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. If

the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d.

a The name, address , and telephone number of the person to whom applications should be addressed:

N/A - GRANTS MADE BY NOMINATION PROCESS ONLY.

b The form in which applications should be submitted and information and materials they should include:

c Any submission deadlines:

d Any restrictions or limitations on awards , such as by geographical areas , charitable fields , kinds of institutions, or other factors:

N/A

623601/01-29-07 Form 990-PF (2006)

110.

• 11-3161054 Page lo

N/A

4942(1)(3) or 0 4942(1)(5)

Tax year Prior 3 years

(a) 2006 (b) 2005 (c) 2004 (d) 2003 (e) Total


Form 990-PF (2006) THE JOAN MIRHELL FOUNDATION INC . • 11-3161054 Page 11Part XV SuiDlementarv Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment I

Recipient If recipient is an individual,show any relationship to Foundation Purpose of grant or

f d t status of contribution AmountName and address (home or business ) ounany a ion manager

or substantial contributor recipient

a Paid dung the year

SEE STATEMENT 16Total ► 3a 1351100.

b Approved for future payment

SEE SCHEDULE ONE /A 312,500.

Total ► 3b 1 312,500.623611/01-29-07 Form 990-PF (2006)

1115231115 135625 1900.01 2006.07000 THE JOAN MITCHELL FOUNDATIO 1900_011

Form 990-PF (2006) THE JOAN MI'ITCHELL FOUNDATION INC . • 11-3161054 Page 12

Part XVI -A Analysis of Income-Producing Activities

Enter

1 Pro

a

b

c

d

e

f

9

2 Me

3 Int

inv

4 Div

5 Net

a

b

6 Ne tpro

7 Ot

8 Gal

tha

9 Net

10 Gr

11 Ot

a

b

c

d

e

12 Su

oss amounts unless otherwise indicated Unrelate d business income Excluded by section 512 , 513 , or 514 (e).b

gram service revenue:

(a)Businesscode

(b)Amount

Exc u_Sioncode

(d)Amount

Related or exemptfunction income

Fees and contracts from government agencies

mbership dues and assessments

rest on savings and temporary cash

estments

idends and interest from securities 14 377 , 222.rental income or (loss) from real estate:

Debt-financed property

Not debt-financed property

rental income or (loss) from personal

perty

er investment income

n or (loss) from sales of assets other

n inventory 14 7 , 465 , 756.income or (loss) from special events

ss profit or (loss) from sales of inventory

er revenue:

btotal. Add columns (b), (d), and (e) 0. 7 , 842 , 978.

B

t

t

o

h

t

o

h

0.

13 Total . Add line 12, columns (b), (d), and (e) 13 7,842,978.

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes


01-29-07 . -„" --- . - ,--1

Form 990-PF (2006) THE JOAN ACHELL FOUNDATION INC. • 11-3161054 Pa e 13LPart XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes No

the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting foundation to a noncharitable exempt organization of.

(1) Cash 1aM X

(2) Other assets la ( 2 )

b Other transactions:

(1) Sales of assets to a noncharitable exempt organization lb ( l ) X

(2) Purchases of assets from a noncharitable exempt organization lb ( 2 )1 X

(3) Rental of facilities, equipment, or other assets 1b ( 3 ) X

(4) Reimbursement arrangements lb ( 4 ) X

(5) Loans or loan guarantees lb (5 ) X

(6) Performance of services or membership or fundraising solicitations _1Y16 X

Sharing of facilities, equipment, mailing lists, other assets, or paid employees is X

If the answer to any of the above is 'Yes; complete the following schedule. Column (b) should always show the fair market value of the goods, other assets,

or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, show in

(a) Name of organization (b) Type of organization (c) Description of relationship

N /A

Under penalties of perjury. I declare that I have examined this return, including accompanying schedules and statements , and to the best of my knowledge and belief, it is true , correct,

and complete D claration of pre er (other than t or or fiduciary) is based on all information^f which preparer has any knowledge

o Signature of officer or tru e

= Preparerssignature

a a^ Firm's name (oryours COOP SMI H SIMON & VOG00

dself employed), 50 CHARLES LINDBERGH BL'

address , and ZIP code UNIONDALE NY 11553

623622811-29-07

15231115 135625 1900 . 01 2006.07000

2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax -exempt organizations described

in section 501 ( c) of the Code ( other than section 501(c)(3)) or in section 527? Yes 0 No

b If 'Yes , " comp lete the followin g

Schedule B .Schedule of Contributors • OMB No 1545-0047(Form 990, 990-EZ,or 990-PF) Supplementary Information for ôo^Department of the Treasury line 1 of Form 990, 990- EZ, and 990- PF (see instructions)Internal Revenue Service

Name of organization Employer identification number

'PTTV .T(IhMT MTmrwT2T.T. T.'r1TTATF 'PT(1TT TTTP` 11 -141 r.1 0c.d

Organization type (check one)

Filers of: Section:

Form 990 or 990-EZ 0 501 (c)( ) (enter number) organization

Q 4947(a)(1) nonexempt charitable trust not treated as a private foundation

LI 527 political organization

Form 990-PF ® 501(c)(3) exempt private foundation

Q 4947(a)(1) nonexempt charitable trust treated as a private foundation

LI 501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule. (Note : Only a section 501(c)(7), (8), or (10) organization can check boxes

for both the General Rule and a Special Rule-see Instructions)

General Rule-

For organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one

contributor. (Complete Parts I and II.)

Special Rules-

For a section 501 (c)(3) organization filing Form 990, or Form 990 - EZ, that met the 33 1 /3% support test of the regulations under

sections 509 (a)(1)/170(b)(1)(A)(vl), and received from any one contributor , during the year , a contribution of the greater of $5,000 or 2%

of the amount on line 1 of these forms (Complete Parts I and II.)

Q For a section 501 (c)(7),(8), or ( 10) organization filing Form 990 , or Form 990-EZ, that received from any one contributor, during the year,

aggregate contributions or bequests of more than $ 1,000 for use exclusively for religious , charitable , scientific , literary , or educational

purposes , or the prevention of cruelty to children or animals (Complete Parts I, II, and III.)

LI For a section 501 (c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year,

some contributions for use exclusively for religious, charitable, etc , purposes, but these contributions did not aggregate to more than

$1,000. (If this box is checked, enter here the total contributions that were received during the year for an exclusively religious,

charitable, etc , purpose. Do not complete any of the Parts unless the General Rule applies to this organization because it received

nonexclusively religious, charitable, etc , contributions of $5,000 or more during the year) 110$

Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF), but

they must check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form 990-PF, to certify that they do not meet the filing

requirements of Schedule B (Form 990, 990-EZ, or 990-PF).

LHA For Paperwork Reduction Act Notice , see the Instructions Schedule B (Form 990, 990 - EZ, or 990-PF ) ( 2006)

for Form 990, Form 990-EZ, and Form 990-PF.

623451 03-19-07


Schedule B (Form 990. 990-EZ, or

Name of organization

• •of 1 of Pert 1

ION I

Part I , Contributors (See Specific Instructions)

Employer identification number

(a)

No.

(b)

Name , address, and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

1BEQUEST FROM ESTATE OF JOAN MITCHELL,JOHN SOMERS EXECUTOR Person

89 REYNOLD STREET $ 49 ,163 .

PayrollNoncash 0

CITY ISLAND, NY 10464(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)

Name, address, and ZIP + 4

(c)


(d)


Person

$

Payroll

Noncash

(Complete Part II if there

is a noncash contribution.)

(a)

No.

(b)


(c)


(d)


Person

$

Payroll

Noncash


is a noncash contribution )

(a)

No.

(b)


(c)


(d)


Person

$

Payroll

Noncash


is a noncash contribution.)

(a)

No.

(b)


(c)


(d)


Person

$

Payroll

Noncash

(Complete Part II if thereis a noncash contribution)

(a)

No.

(b)


(c)


(d)


Person

$

Payroll

Noncash


is a noncash contribution ;

623452 01-18- 07 Schedule B (Form 990, 990-EZ, or 990-PF) (2006)


2006 DEPRECIATION AND AMORTIZATION REPORT

FORM 990-PF PAGE 1 990-PF

AssetN. Description

DateAcquired Method Life

LineNo

UnadjustedCost Or Basis

Bus %Excl

Reduction InBasis

Basis ForDepreciation

AccumulatedDepreciation

CurrentSec 179

Current YearDeduction

1 BOOKCASE 04 01 98 SL 5.00 16 352. 352. 352. 0.

2 IMAC COMPUTER 05 01 01 SL 5.00 16 1,752. 1,752. 1,575. 117.

3 HP COPIER 09 01 0 L 5.00 16 531. 531. 477. 54.

4 ANSWERING MACHING 08 01 02 SL 5.00 16 97. 97. 67. 19.

5 IRCONDITIONER 11 01 02 SL 5.00 16 341. 341. 238. 68.

6 FFICE EQUIPMENT 06 30 03 SL 5.00 16 4,414. 4,414. 2,207. 883.

7 APPLIANCES 11 17 04 SL 5.00 16 2,008. 2,008. 435. 402.

8 FFICE EQUIPMENT 06 30 05 SL 5.00 16 33,510. 33,510. 3,351. 6,702.* TOTAL 990-PF PG 1EPR 43,005. 0. 43,005. 8,702. 0. 8,245.

62810207-28-06 (D) • Asset disposed * ITC, Section 179, Salvage, Bonus, Commercial Revitalization Deduction , GO Zone

D

16

THE JOAN MITCHELL FOUNDA0N INC. • 11-3161054

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 1

SOURCE

MERRILL LYNCHMERRILL LYNCH-04016

TOTAL TO FM 990-PF, PART I, LN 4

GROSS AMOUNTCAPITAL GAINS COLUMN (A)DIVIDENDS AMOUNT

368,284. 0.13,370. 4,432.

381,654. 4,432.

368,284.8,938.

377,222.

17 STATEMENT(S) 1

15231115 135625 1900 . 01 2006.07000 THE JOAN MITCHELL FOUNDATIO 1900_011

THE JOAN MITCHELL FOUNDA,N INC. •

FORM 990-PF GAIN OR (LOSS) FROM SALE OF ASSETS

11-3161054

STATEMENT 2

(A)DESCRIPTION OF PROPERTY

SCHEDULED LONG

(B) (C) (D)GROSS COST OR EXPENSE OF

SALES PRICE OTHER BASIS SALE

144,893. 0. 0.


SCHEDULED SHORT



367,639.


SCHEDULED LONG_ACCT04016

(B) (C)GROSS COST OR

SALES PRICE OTHER BASIS

0.

0. 0.

(D)EXPENSE OF

SALE

MANNER DATEACQUIRED ACQUIRED DATE SOLD

PURCHASED

(E) (F)

DEPREC. GAIN OR LOSS

0. 144,893.


PURCHASED

(E) (F)


0. 367,639.


PURCHASED

(E) (F)


0. 0. 0. 7,201.

18 STATEMENT(S) 2-


THE JOAN MITCHELL FOUNDA•N INC.


SCHEDULED SHORT_ACCT04016



0. 0. 0.

• 11-3161054

MANNER DATE

(E) (F)


0. 38,801.


SALE OF ARTWORK



15,829,000. 8,945,500.


SALE OF PRINTS



(D)EXPENSE OF

SALE

0.

(D)EXPENSE OF

SALE

64,700. 45,410. 0.

NET GAIN OR LOSS FROM SALE OF ASSETS

CAPITAL GAINS DIVIDENDS FROM PART IV

TOTAL TO FORM 990-PF, PART I, LINE 6A

MANNER DATE

(E) (F)


0. 6,883,500.


DONATED

(E) (F)


0. 19,290.

7,461,324.

4,432.

7,465,756.

19 STATEMENT(S) 2


THE JOAN MITCHELL FOUNDAON INC. • 11-3161054

FORM 990-PF

DESCRIPTION

DERFNER & GILLETTMARSH & VALENTINEMARK BEIGELMAN PCJOHN SOMERSTHOMAS HERBECQ & ASSOCJANET LAZARBEIGELMAN AND ASSOCIATES PCSTEVEN D. FARER

TO FM 990-PF, PG 1, LN 16A

LEGAL FEES

(A) (B) (C)EXPENSES NET INVEST- ADJUSTEDPER BOOKS MENT INCOME NET INCOME

96,792. 0.31,466. 0.3,130. 0.

29,200. 0.12,728. 0.30,000. 0.2,375. 0.

878. 0.

206,569.

STATEMENT 3

(D)CHARITABLEPURPOSES

0.

62,915.31,466.2,035.

18,980.8,273.

30,000.1,544.

878.

156,091.

FORM 990-PF ACCOUNTING FEES STATEMENT 4

(A) (B) (C) (D)EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

COOPERSMITH SIMON & VOGELPC 4,720. 944. 3,776.

TO FORM 990-PF, PG 1, LN 16B 4,720. 944. 3,776.

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 5



MERRILL LYNCH 113,634. 113,634. 0.

TO FORM 990-PF, PG 1, LN 16C 113,634. 113,634. 0..

20 STATEMENT (S) 3, 4, 515231115 135625 1900.01 2006.07000 THE JOAN MITCHELL FOUNDATIO 1900011

THE JOAN MITCHELL FOUNDP,0N INC. • 11-3161054

FORM 990-PF TAXES STATEMENT 6



PAYROLL 21,878. 774. 17,621.FOREIGN TAXES 4,868. 4,868. 0.EXCISE TAX 2,000. 0. 0.

TO FORM 990-PF, PG 1, LN 18 28,746. 5,642. 17,621.

FORM 990-PF OTHER EXPENSES STATEMENT 7



MFA JUROR EXPENSE 6,750. 0. 6,750.

MFA CONFERENCE & SUPPORT 1,579. 0. 1,579.PAINTERS & SCULPTORSNOMINATOR FEES 11,250. 0. 11,250.

PAYROLL COSTS 9,633. 96. 5,202.INTERNET & TECH SUPPORT 974. 0. 974.

POSTAGE & DELIVERY 3,557. 0. 3,557.

BANK CHARGES 480. 330. 150.TELEPHONE 4,130. 41. 4,089.

ARTIST/TEACHER FEES 206,122. 0. 206,122.

ART MATERIALS AND SUPPLIES 65,343. 0. 65,343.ART EDUCATION CONSULTANT 3,105. 0. 3,105.PAINTERS & SCULPTORS JURYPANEL EXPENSE 4,085. 0. 4,085.

ARTWORK HANDLING ANDDELIVERY 28,431. 0. 12,083.STORAGE OF ARTWORK 152,330. 0. 64,740.

ARTWORK INSURANCE 121,684. 0. 51,716.ARTWORK CONSERVATION ANDFRAMING 132,971. 0. 56,513.ARTWORK SECURITY 5,340. 0. 5,340.

OFFICE SUPPLIES 6,557. 86. 6,471.

ADMINISTRATIVE SUPPORT 2,245. 0. 2,245.

LOCAL TRANSPORTAION 1,270. 0. 1,270.

TRANSLATOR FEES 1,943. 0. 1,263.DUES AND MEMBERSHIPS 2,571. 0. 2,571.

MISCELLANEOUS 26. 0. 26..

GENERAL INSURANCE 1,335. 58. 1,017.CUE/MFA EXHIBITION 2006 32,794. 0. 32,794.LIABILITY INSURANCE 11,811. 0. 11,811.FILING FEE 1,500. 0. 1,500.

TO FORM 990-PF, PG 1, LN 23 819,816. 611. 563,566.

21 STATEMENT(S) 6, 7


THE JOAN MITCHELL FOUNDA•N INC. 11-3161054

FOOTNOTES STATEMENT 8

PART IX-A, LINE 1:

THE FOUNDATION MAKES GRANTS TO FURTHER THE CAREERSOF PAINTERS AND SCULPTORS. INDEPENDENT NOMINATORSSELECT CANDIDATES WHOSE MATERIALS ARE REVIEWED BYAN INDEPENDENT JURY PANEL. GRANT RECIPIENTS ARESELECTED BY THE JURY AND APPROVED BY THE BOARD.

PART X, LINE 1E-REDUCTION FOR BLOCKAGE:THE AMOUNT ON LINE 1E REPRESENTS A BLOCKAGE DISCOUNT ON THE

FAIR MARKET VALUE OF ARTWORK.

22 STATEMENT(S) 8


THE JOAN MITCHELL FOUNDA•N INC. • 11-3161054

FORM 990-PF U.S. AND STATE/CITY GOVERNMENT OBLIGATIONS STATEMENT 9

U.S. OTHER FAIR MARKETDESCRIPTION GOV'T GOV'T BOOK VALUE VALUE

SCHEDULED X 2,260,672. 2,228,414.

TOTAL U.S. GOVERNMENT OBLIGATIONS 2,260,672. 2,228,414.

TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS

TOTAL TO FORM 990-PF, PART II, LINE 10A 2,260,672. 2,228,414.

FORM 990-PF CORPORATE STOCK STATEMENT 10

FAIR MARKET

DESCRIPTION BOOK VALUE VALUE

SCHEDULED 7,212,153. 7,838,357.

TOTAL TO FORM 990-PF, PART II, LINE 10B 7,212,153. 7,838,357.

FORM 990-PF CORPORATE BONDS STATEMENT 11

FAIR MARKET


SCHEDULED 557,101. 558,946.

TOTAL TO FORM 990-PF, PART II, LINE 10C 557,101. 558,946.

FORM 990-PF OTHER INVESTMENTS STATEMENT 12

VALUATION FAIR MARKET

DESCRIPTION METHOD BOOK VALUE VALUE

SCHEDULED COST 1,254,250. 1,193,861.SCHEDULED COST 580,041. 671,061.

TOTAL TO FORM 990-PF, PART II, LINE 13 1,834,291. 1,864,922.

23 STATEMENT(S) 9, 10, 11, 12



FORM 990-PF DEPRECIATION OF ASSETS NOT HELD FOR INVESTMENT STATEMENT 13

COST OR ACCUMULATEDDESCRIPTION OTHER BASIS DEPRECIATION BOOK VALUE

BOOKCASE 352. 352. 0.IMAC COMPUTER 1,752. 1,692. 60.HP COPIER 531. 531. 0.ANSWERING MACHING 97. 86. 11.AIRCONDITIONER 341. 306. 35.OFFICE EQUIPMENT 4,414. 3,090. 1,324.APPLIANCES 2,008. 837. 1,171.OFFICE EQUIPMENT 33,510. 10,053. 23,457.

TOTAL TO FM 990-PF, PART II, LN 14 43,005. 16,947. 26,058.

FORM 990-PF OTHER ASSETS STATEMENT 14

FAIR MARKET


25,586.27,774,488.19,806,850.2,112,320.

6,900.681.

2,772.

25,586.65,318,365.48,228,600.2,112,320.

6,900.681.

2,772.

ACCRUED INTEREST RECEIVABLEARTWORKCORE VALUE ARTWORK COLLECTIONRECEIVABLE ON SALE OF ARTWORKMISCELLANEOUS RECEIVABLEDIVIDENDS RECEIVABLEDUE FROM BROKER

TOTAL TO FORM 990-PF, PART II, LINE 15 49,729,597. 115,695,224.

24 STATEMENT ( S) 13, 14



FORM 990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 15TRUSTEES AND FOUNDATION MANAGERS

NAME AND ADDRESS

ALEJANDRO ANREUSJOAN MITCHELL FOUNDATION 545 W25TH ST 15TH FLNEW YORK, NY 10001

DAN BERGMANJOAN MITCHELL FOUNDATION 545 W25TH ST 15TH FLNEW YORK, NY 10001

ADRIANE GAINESJOAN MITCHELL FOUNDATION 545 W25TH ST 15TH FLNEW YORK, NY 10001

GRACE HARTIGANJOAN MITCHELL FOUNDATION 545 W25TH ST 15TH FLNEW YORK, NY 10001

JOHN KOOSJOAN MITCHELL FOUNDATION 545 W25TH ST 15TH FLNEW YORK, NY 10001

YOLANDA SHASHATYJOAN MITCHELL FOUNDATION 545 W25TH ST 15TH FLNEW YORK, NY 10001

CAROLYN SOMERSJOAN MITCHELL FOUNDATION 545 W25TH ST 15TH FLNEW YORK, NY 10001

0.

0.

0.

TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII 125,988. 0. 0.

TITLE ANDAVRG HRS/WK

DIRECTOR

2.00

DIRECTOR

2.00

PRESIDENT

2.00

DIRECTOR

2.00

DIRECTOR

2.00

DIRECTOR

2.00

EMPLOYEECOMPEN- BEN PLAN EXPENSESATION CONTRIB ACCOUNT

0. 0.

200. 0.

0.

0.

0. 0. 0..

0. 0. 0.

200. 0.

200. 0.

EXECUTIVE DIRECTOR

40.00 125, 388. 0.

25 STATEMENT(S) 1515231115 135625 1900.01 2006.07000 THE JOAN MITCHELL FOUNDATIO 1900011


FORM 990-PF GRANTS AND CONTRIBUTIONS STATEMENT 16PAID DURING THE YEAR

RECIPIENT NAME AND ADDRESS

VERMONT STUDIO CENTER

SANTA FE ART INSTITUTE

RECIPIENT RELATIONSHIP RECIPIENTAND PURPOSE OF GRANT STATUS

NONE 501C(3)SUPPORT ARTISTS ATTENDANCE ATRESIDENCY PROGRAM

NONE 501C(3)SUPPORT ARTISTS ATTENDANCE ATRESIDENCY PROGRAM

INTERNATIONAL STUDIO & CURATORIAL NONE 501C(3)

PROGRAMSUPPORT ARTISTS ATTENDANCE ATRESIDENCY PROGRAM

25,000.

25,000.

25,000.

MFA GRANTS-SCHEDULED NONE N/A 110,000.SEE PART IX-A LN 1 FOOTNOTE

NEW YORK FOUNDATION FOR THE ARTS NONE 501C(3) 20,000.SUPPORT NYFA SOURCE ONLINE DATABASEFOR ARTISTS

NEW YORK FOUNDATION FOR THE ARTS NONE 501C(3)SUPPORT PROFESSIONAL DEVELOPMENTFOR ARTISTS

PAINTERS & SCULPTORSGRANTS-SCHEDULED

NONE N/A

SEE PART IX-A LN 1 FOOTNOTE

EMERGENCY SUPPORT-GULF COASTARTISTS

CAREER OPPORTUNITY GRANTS

NONE N/A

TO AID GULF COAST ARTISTS AFTERKATRINA

NONE N/ASEE PART IX-A LN 1 FOOTNOTE

AMOUNT

15,000.

625,000.

361,000.

56,150.

26 STATEMENT(S) 16


THE JOAN MITCHELL FOUNDAON INC. 11-3161054

ATLANTIC CENTER FOR THE ARTS NONE 501C(3) 25,000.SUPPORT ARTISTS ATTENDANCE ATRESIDENCY PROGRAM

CUE ART FOUNDATION NONE 501C(3) 15,000.SUPPORT PROFESSIONAL DEVELOPMENTFOR ARTISTS

DUMBO ARTS CENTER NONE 501C(3) 15,000.SUPPORT PROFESSIONAL DEVELOPMENTFOR ARTISTS

CAREER OPPORTUNITY GRANT NONE N/A 2,450.SEE PART IX-A LN 1 FOOTNOTE

JACOB RIIS SETTLEMENT HOUSE NONE 501C(3) 1,500.SUPPORT ART PROGRAM FOR STUDENTS

OXBOW SCHOOL NONE 501C(3) 15,000.GULF COAST STUDENT SEMESTER

DES MOINES ART CENTER NONE 501C(3) 10,000.

TO PRODUCE A CATALOGUE

ALJIRA CENTER FOR CONTEMPORARY NONE 501C(3)ART 5,000.

TO PRODUCE A CATALOGUE

TOTAL TO FORM 990-PF, PART XV, LINE 3A 1,351,100.

27 STATEMENT(S) 16


• •

THE JOAN MITCHELL FOUNDATION, INCEIN 11 -3161054 FORMS 990PF

INVESTMENT ACCOUNT SUMMARY-2006

BOOK VALUE Corporate REIT's &Total Government Bonds Equities Money Funds

A/C # E49 10,868,895 2,260,672 557,101 6,796,872 1,254,250

A/C # 016 582,624 582,624

Trade date purchases 415,281 415,281

Trade date sales (2,584) (2,584)

Total Position 11,864,216 2,260,672 557,101 7,212,153 1,834,290

MARKET VALUE Corporate REIT's &

Total Government Bonds Equities Money Funds

A/C # E49 11,404,297 2,228,414 558,946 7,423,076 1,193,861

A/C # 016 671,061 671,061

Trade date purchases 415,281 415,281

Trade date sales (2,584) (2,584)

Total Position 12,488,055 2,228,414 558,946 7,838,357 1,862,338

Fiscal Statement Link Service

Total Relationship Value As Of 12/31/06 $15,498,227.31

THE JOAN MITCHELLFOUNDATION INCC/O CAROLYN SOMERS155 AVENUE OF THE AMERICAS6 FLOORNEW YORK NY 10013

YOUR FINANCIAL ADVISOR:KURTZMAN SULA & CARRFA # 7040(800) 333-9701

Your Merrill Lynch Office:153 EAST 53RD STREET 46TH FLNEW YORK NEW YORK 10022

•ACTIVITY SUMMARY

For Client Service Questions Call:1-800-MERRILL (1-800-637-7455)

ANNUAL PORTFOLIO SUMMARY

•

CurrentFiscal Year Portfolio Unrealized

Value 12/31 /06 Cost Basis Gains/(Losses)Cash /Money Accounts 4,151 , 077.94 4 , 151,077.94 0.00CD's/Equivalents 0.00 0 .00 0.00Government Securities 2,228 , 414.36 2,260,671.71 (33,092.00)Corporate Bonds 558,946.22 557,100.69 1,857.00Municipal Bonds 0.00 0.00 0.00Equities 7,423,076.08 6,796 , 871.86 626 , 014.00Mut Funds/Def Assets 1 , 193,861.27 1,254 , 250.28 (60,389.00)0ptions 0 . 00 0.00 0.00Other 0.00 0.00 0.00Long Market Value 15 555,375 .87 15,019,972.48 534,390.00Debit Balance (82,735 .01 ) 0.00 0.00Short Market Value 0 . 00 0.00 0.00Estimated Accrued Int 25 586.45 0.00 0.00N et Port fo l io Va l ue 15,498,ZZI.31 15,019,972.48 534,390.00

INCOME SUMMARY PLEASE NOTE:

CurrentYear(12/06)

Interest 176,517.46Dividends 179,505.23

Total 356,022.69

Accrued Interest Earned 0.00Accrued Interest Paid 15,795 54

o This fiscal year end statement is for informationpurposes and should be used in conjunction with yourmonthly statements. This statement does not reflectany pending trades or dividend reclassifications.Please consult your tax advisor regarding any taxplanning and reporting requirements.

TOTAL MERRILL

Online at: vwvw. mlol.ml.com

THE JOAN MITCHELL FOUNDATION

155 AVE OF AMERICAS 6TH FLOOR

C/O CAROLYN SOMERS

NEW YORK NY 10025

n HEITMANYour Consults® Investment Manager is HEITMAN REITS December 01, 2006 - December 29, 2006

ASSETS

0Debit Balance

December 29 November 30

Cash/Money Accounts 38,071.27 3,901.61

Fixed Income

Equities 671,060.64 689,904.57

Mutual Funds

OptionsOther

Subtotal (Long Portfolio) 709,131.91 693,806.18

TOTAL ASSETS $709,131.91 $693,806.18

LIABILITIES

Short Market Value

TOTAL LIABILITIES

NET PORTFOLIO VALUE $709,131.91 $693,806.18

Net Portfolio Value: $709,131.91

Your Financial Advisor:KURTZMAN SULA & CARRIELLO

153 EAST 53RD STREET 46TH FL

NEW YORK NEW YORK 10022

(800) 333-9701

001

47

Fi al` Stat :nt`Li.nm k4 er iSsc ; ue ,t cee :

YOUR FINANCIAL ADVISOR: Office Serving Your Account:THE JOAN MITCHELL KURTZMAN'SULA & CARR 153 EAST 53RD STREET 46TH FL

o FOUNDATION INC FA # 7040 NEW YORK NEW YORK 10022o _ C/O CAROLYN SOMERS (800) 333-9701

155 AVENUE OF THE AMERICAS6 FLOOR For Client Service Questions.,Call:NEW YORK NY 10013 1-800-MERRILL-(i-800-637-7455)

-' r

Relationship Value, as;of,December 31, 2006$1.5;49'8;2'2<7.31

Asset Allocation Summary

Fixed Income25 %

=_==== == == Equities

Cash47 %

28 %

not reflect all holdings

Realized Capital Gain and Loss Summary*

Current PriorFiscal Year Fiscal Year

( 12/06 ) ( 12/05)

Short Term 367,639 04 (4,297.30)Long Term 144,892.62 34,751.24

" - Excludes transactions for which we have insufficient data

PLEASE SEE REVERSE SIDEPage Statement Period

x1

00205923 SUMMARY 1 Year Ending 12/31/06

Unrealized Capital Gain and Loss Summary*

Current PriorFiscal Year Fiscal Year

(12/06) (12/05)

Short Term 568,678.00 307,059.00Long Term (34,288.00) 21,920.00

" - Excludes transactions for which we have insufficient dara

Merrill 16ynch

IHE JOAN MITCHELL

REALIZED CAPITAL GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition Date, of Liquidation Sale Price Cost Basis Gain or (Loss

130.0000 ADVNCD MICRO D INC 12/02/05 01/18/06 4,293.14 3,626.18 666.96 ST211.0000 ABB LTD SPON ADR - 03/01/04 01/09/06 2,299.80 1,322.17 977.63 LT70.0000 ABB LTD SPON ADR 03/12/04 01/09/06 •762:96 395.39 367.57 LT199.0000 ABB LTD SPON ADR 04/05/04 "'01/09/06 - 2;169:02 1,201.66 967.36 LT390.0000 AMERITRADE HLDG CORP 01/25/06 01/30/06 •N%A 7,501.77 N/C•75.0000 APPLE COMPUTER INC 04/27/05 .01/11/06 6,252.86 2,706.01 3,546.85 ST25.0000 APPLE COMPUTER INC 06/17,/,05, 01%11/06 2,084.28 953.50 1,130.78 ST8.0000 APPLE COMPUTER INC 06/27/05 01/11/06 666.98 295.51 371.47 ST

470.0000 CORNING INC 05/0005 ."--=01/20/06 11,376.84 7,137.70 4,239.14 ST200.0000 CORNING INC 05/1'2 05 01/20/06 4,841.22 3,103.55 1,737.67 ST60.0000 DIAGEO PLC SPSD ADR NEW 02/04/04 01/04/06 3,589.77 3,232.80 356.97 LT96.0000 DIAGEO PLC SPSD ADR NEW 12/20/04 01/04/06 5,743:65 5,524.80 218.85 LT64.0000 DIAGEO PLC SPSD ADR NEW 12/23/04 01/0,4/06 3,829.10 3,64299 186.11 LT3.0000 DIAGEO PLC SPSD ADR NEV 12/23/04 01'/25/06 179.74 170.77 8.97 LT

160.0000 DIAGEO PLC SPSD ADR NEW 12/28/04 01/25/06 9,586.50 9,233.70 352.80 LT60000 DIAGEO PLC SPSD ADRJJW 12/29/04 01/25/06 359.49 344.10 15.39 LT7.0000 DIAGEO PLC SPSD ADR, NE1N 04/01/05 01/25/06 419.41 402.99 16.42 ST4.0000 DIAGEO PLC SPSD ADR•.NEW 04/27/05 01/25/06 239.67 239.19 0.48 ST

78.0000 ENGELHARD CORP 02/04/04 01/03/.06 2,990.37 2,109.91 880.46 LT47.0000 ENGELHARD CORP 12/20/04 01/63/06 1,801.89 1,360.65 441.24 LT35.0000 ENGELHARD CORP 12/23/04 01/03/06 • • 1,341.83 1,04685 294.98 LT52.0000 ENGELHARD CORP 12/29/04 01'/03/06 1;993.58 1,585.62 407.96 LT3.0000 ENGELHARD CORP 04/01/05 01/03/06 101 90.09 24.92 ST

38.0000 ENGELHARD CORP 04/27/05 01/03/06 1,456:85 1,102.00 354.85 ST21.0000 ENGELHARD CORP 06/17/05 01/03/06 805.10 613.62 191 48 ST

• 50.0000 ENGELHARD CORP 06/27/05 01/03/06 - - 1,916:91 1,404.50 512.41 ST31.0000 ENGELHARD CORP 08/05/05 01/03/06 1,188.48 883 81 304 67 ST65.0000 ENGELHARD CORP 08/18/05. 01/03/06 2,491 99 1,831.79 660.20 ST95.0000 ENGELHARD CORP 08/18/05 01/05/06 3,611.35 2,677.25 934.10 ST90.0000 ENGELHARD CORP 08/.3.1/05 01/05/06 3,421.28 2,545.58 875.70 ST50.0000 ENGELHARD CORP 09/09/05 01/05/06 1,900.71 1,441.05 459.66 ST48.0000 ENGELHARD CORP 09/23/05 01/05/06 1,824.68 1,331.52 493 16 ST15.0000 ENGELHARD CORP 10/12/05 01/05/06 570 21 410 55 159.66 ST

120 0000 ENGELHARD CORP 12/05/05 01/05/06 4,561.72 3,578.58 983.14 ST2.0000 FLOWSERVE CORP 06/17/05 01/19/06 87.67 61.59 26.08 ST

48.0000 FLOWSERVE CORP 06/27/05 01/19/06 2,104:20 1,430.87 673 33 ST114.0000 GENERAL ELECTRIC 12/29/04 01/20/06 3,807.50 4,163.28 (355.78) LT160.0000, GENERAL ELECTRIC 01/28/05 01/20/06 5,343.86 5,705.71 (361.85) ST19 0000 GENERAL ELECTRIC 04/01/05 01/20/06 634 58 679.44 (44 86) ST


00206230 308 of 365 Year Ending 12/31/06

6060D 01, 1

O

Merrill lynch

THE JOAN MITCHELL

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Quantity Security Description - Date of Acq uisition Date ofaLiquidation Sale Price Cost Basis Gain or (Loss

80.0000 GENERAL ELECTRIC 0411"5/0'5 01/20/06 2;671.94 2,897.47 (225.53) ST107.0000 GENERAL ELECTRIC 04/27/05 .01/20/06 3,573:72 3,888 38 (314.66) ST35.0000 GENERAL ELECTRIC 04/27/05 •01/25/06 1,148 88 1,271.90 (123.02) ST81.0000 GENERAL ELECTRIC 06/17/05 01/25/06 2,658.84 2,958.12 (299.28) ST192.0000 GENERAL ELECTRIC 06/27/05 '01/25/06 6,362. 3 6,662.40 (359.97) ST75.0000 GENERAL ELECTRIC 08/05'/05 01/25/06 2,461.89 2,544.00 (82.11) ST

•121.0000 GENERAL ELECTRIC 09/23/05 '04/25/06 3,971.85 4,053.50 (81.65) ST21.0000 GENERAL ELECTRIC 10/1'2/05 '0:1725/06 689.32 707.07 (17.75) ST36.0000 GENERAL ELECTRIC 01/23706 01/25/06 1,181.71 1,202.40 (20.69) ST56.0000 GENERAL ELECTRIC 01/24/06 01/25/06 _ 1,838.22 1,848.00 (9.78) ST2.0000 GOOGLE INC CL A 12/2904 01/11/06 944.59 385.43 559.16 LT13.0000 GOOGLE INC CL A 02/02/05 01/11/06 6,139.91 2,757.14 3,382.77 ST17.0000 GOOGLE INC CL A 02102/05 01/20/06 6,893.81 3,605.50 3,288.31 ST16.0000 GOOGLE INC CL A 02/11/05 01/20/06 6,488.30 3,038.36 3,449.94 ST

460.0000 HEWLETT PACKARD CO DEL 03/03/05 01/05/06 13,516.82 9,509.63 4,007.19 ST12.0000 HEWLETT PACKARD CO DEL 04/01/05 01/19/06 383.13 261.96 121.17 ST

250.0000 HEWLETT PACKARD CO -15EL 04/14/05 01/19/06 7,982.00 5,432.50 2,549.50 ST280.0000 HEWLETT PACKARD CO DEL 04/20/05 01/19/06 8,939.85 5,772.37 3,167.48 ST

8.0000 HEWLETT PACKARD CO-'',DE'L 04/27/05 01/1.9/06 255.43 160.63 94.80 ST469.0000 INTEL CORP - 06/13/05 01/1,8106 10,672.65 12,626.66 (1,954.01) ST148.0000 INTEL CORP - 06/17/05 01/118/06 3,367.92 4,026.93 (659.01) ST65.0000 INTEL CORP 06/27/05 01/18/06 1,479.16 1,684.80 (205.64) ST

900.0000 JUNIPER NETWORKS INC 11/03/05 01/05/06 19,417.89 21,749.31 (2,331.42) ST100.0000 KONINKL PHIL E NY SW-NEW 02/04/04 01/05/06 3,229.08 3,009.86 219.22 LT105.0000 MPS GROUP INC FLA "COM 02/04/04 01/09/06 1,529.01 1,067.36 461.65 LT

0 62.000047.0000

MPS GROUP INC FLA 'COMMPS GROUP INC FLA COM

12/20/0412/23/04

01/09/0601/09/06

902.85684.41

712.38577.16

190.47 LT107.25 LT

71.0000 MPS GROUP INC FLA COM 12/29/04 01/09/06 1,033.91 868.33 165.58 LT4.0000 MPS GROUP INC FLA COM 04/01705 01/09/06 58.24 41.64 16.60 ST

21.0000 MPS GROUP INC FLA COM 04/27/05 01/09/06 305 82 198.24 107.58 ST27.0000 MPS GROUP INC FLA COM 04/27/05 01/11/06 390.62 254.88 135.74 ST29.0000 MPS GROUP INC FLA COM 06/17/05 01/11/06 419.56 282.17 137.39 ST66.0000 MPS GROUP INC FLA COM 06/27/05 01/11/06 954 86 594.66 360.20 ST39.0000 MPS GROUP INC FLA COM 08/05/05 01/11/06 564.23 458.25 105 98 ST74 0000 MPS GROUP INC FLA COM 09/23/05 01/11/06 1,070.60 848 04 222 56 ST12 0000 MPS GROUP INC FLA COM 10/12/05 01/11/06 173.62 124.68 48.94 ST

261.0000 MASCO CORP 02/04/04 01/09/06 7,939.45 6,846.03 1,09342 LT

166.0000 MASCO CORP 12/20/04 01/09/06 5,049.61 5,951.10 (901.49) LT116 0000 MASCO CORP 12/23/04 01/09/06 3,528 65 4,204 62 (675.97) LT

7.0000 MASCO CORP 12/29/04 01/09/06 212 94 257.37 (44.43) LT

PLEASE SEE REVERSE SIDEPa g e

00206231 309 of365 YearteEndinge112 31/06 I IIIIIII III) VIII VIII VIII VIII VIII VIII IIII

INf(^ r^,0,

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IHE JOAN MITCHELL

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Quantity Security Description Date of Acquisition Dafeof.Liquidation Sale Price Cost Basis Gain or (Loss)

260.0000 MASCO CORP 12/29/04 01/24106 7,738.6 9,559.79 (1,820 43) LT225.0000 MEDTRONIC INC COM 09/21/05 6,1^Y25/06 12,835.48 12,563.25 372.23 ST600.0000 MOTOROLA INC CON1 05/18/05 4420/06 13,662.78 10,109.99 3,552.79 ST72.0000 NOKIA CORP SPON ADR 12/20/04 61/20/06 1,311.74 1,103.05 208.69 LT106.0000 NOKIA CORP SPON ADR 12/23/04 01/20/06 1,93;1:1;8 1,684.34 246.84 LT159.0000 NOKIA CORP SPON ADR 12/29/04 ;01/20/06 2,896.78 2,512.20 384.58 LT•

3.0000 NOKIA CORP SPON AD,R 04/011/05 11J20/06 54.65 46 32 8.33 ST56.0000 NOKIA CORP SPON ADR 04/27105 `dW/20/06 1,020.25 904.40 115 85 ST33.0000 NOKIA CORP SPON ADR 06/1.7/05 01/20/06 601.22 569.58 31.64 ST77.0000 NOKIA CORP SPON ADR 06/27%05 01/20/06 1,402.85 1,298.99 103.86 ST41.0000 NOKIA CORP SPON ADR 08/05/05 01/20/06 746.97 653.13 93.84 ST83.0000 NOKIA CORP SPON ADR 09/23/05 01/20/06 1,5,12.16 1,352.90 159.26 ST13.0000 NOKIA CORP SPON ADR 10/12/05 61%20/06 236:85 219.05 17.80 ST

160.0000 SANDISK CORP INC 12/16/05 01/03/06 10,402.54 9,263.85 1,138.69 ST280.0000 SANDISK CORP INC 12/16/05 0`,11/18/,06 19,767.14 16,211.75 3,555.39 ST84.0000 SIGNET GP PLC ADR NEW 02/04/04 01725706 1,522.16 1,498.00 24.16 LT48.0000 SIGNET GP PLC ADR NEW 12/20/04 01%25/06 869.81 1,016.64 (146.83) LT37.0000 SIGNET GP PLC ADR NEW 12/23/04 01 670.47 784.40 (113.93) LT54.0000 SIGNET GP PLC ADR NEV 12/29/04 01/25%06+ 978.53 1,147.50 (168.97) LT3.0000 SIGNET GP PLC ADR NEW 04/01/05 01/25/,_06 54.36 62.10 (7.74) ST

37.0000 SIGNET GP PLC ADR NEW 04/27/05 01`125%06 670.48 721.13 (50.65) ST22.0000 SIGNET GP PLC ADR NEW 06/17/05 61?'%25/06 398 . 66 432.96 (34.30) ST53.0000 SIGNET GP PLC ADR NEW 06/27/05 Oil"'/25/06 960Y41`` 1,023.96 (63.55) ST27 0000 SIGNET GP PLC ADR NEW 08/05/05 A/25/06 48.27 550.80 (61.53) ST54.0000 SIGNET GP PLC ADR NEW 09/23/05 01/25/06 978.54 1,00926 (30.72) ST10.0000 SIGNET GP PLC ADR NEW 10/12/05 01/25/06 181:2;1 177 20 4.01 ST

10210.0000 SIGNET GP PLC ADR NEW 12/07/05 01/25/06 3,805:43- 3,830.76 (25.33) ST90.0000 SIGNET GP PLC ADR NEW 12/16/05 01/25/06 1,63091' 1,76493 (134.02) ST

236.0000 URBAN OUTFITTERS INC 08/29/05 01/06/06 5,835.81 6,623 51 (787.70) ST92.0000 URBAN OUTFITTERS INC 09/23/05 01/06/06 2,274.97 2,546.10 (271.13) ST2900000 URBAN OUTFITTERS INC 10/05/05 01/06/06 7,171.13 8,670.94 (1,499.81) ST29.0000 URBAN OUTFITTERS INC 10/12/05 01/06/06; 717.12 829 98 (112 86) ST29 0000 UNILEVER NV NY REG SHS 02/04/04 '0'1%23/06` 1,988 64 1,971.72 16 92 LT17 0000 UNILEVER NV NY REG SHS 12/20/04 01/23/006 1,165.75 1,10704 58.71 LT120000 UNILEVER NV NY REG SHS 12/23/04 01/23/06 822.89 79404 28.85 LT19 0000 UNILEVER NV NY REG SHS 12/29/04 01/23/06 1,302:91 1,268 06 34 85 LT1.0000 UNILEVER NV NY REG SHS 04/01/05 01/23/06 68?57 67.49 1.08 ST

13.0000 UNILEVER NV NY REG SHS 04/27/05 01/23/06 89;,1 46 _ 851 24 40.22 ST8 00011 UNILEVER NV NY REG SHS 06/17/05 01/23/9,6 548:59 531 68 16 91 ST18.0000 UNILEVER NV NY REG SHS 06/27/05 01/23/06 1,234.34 1,171 80 62 54 ST


X 00206232 310 of 365 Year Ending 12/31/06

6060D t:-0t

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Quantity Security Description Date of Acquisition Datedf4Liquidation Sale Price Cost Basis Gain or (Loss

9.0000 UNILEVER NV NY REG SHS 08/05 /05 01/23 /06 617.17 625 .95 (8.78) ST19.0000 UNILEVER NV NY REG SHS 09/23 /.05 01/23 /06 1,302 . 91 1,349 . 76 (46.85) ST3.0000 UNILEVER NV NY REG SHS 10/12/05 0.1/23/06 205.73 209 . 79 (4 06) ST

36.0000 WHOLE FOODS MKT INC COM 12/29/04 12 /30/05 2 , 797.80 1,709.26 1,088.54 LT38.0000 WHOLE FOODS MKT INC COM 04/27/05 12/30/05 2 , 953.24 1,853.45 1,099.79 ST16.0000 WHOLE FOODS MKT INC COM

'05/05/05 12 /30/05 1 , 243:48 874 79 368.69 ST

•380.0000 ADOBE SYS DEL PV$ 0.001 10 /25/05 02/10/06 14,458.59 12 , 081.68 2,376.91 ST390.0000 ADVNCD MICRO D INC 12/02/05 02/17/06 15 , 657.74 10,878.54 4,779.20 ST30.0000 AMERIPRISE FINL INC 03/30/05 02/03/06 1,274.97 957.47 317.50 ST6.0000 AMERIPRISE FINL INC 04/27/05 02/03/06 254.99 214 . 80 40.19 ST3.0000 AMERIPRISE FINL INC 06/17/05 02/03/06 127 .49 102 . 69 24.80 ST7.0000 AMERIPRISE FINL INC 06 /27/05 02/03/06 297.49 240.08 57.41 ST4.0000 AMERIPRISE FINL INC 08/05/05 02/03/06 169.99 139 . 31 30 68 ST

86.0000 AMERIPRISE FINL INC 09 /22/05 02/03/06 3,654.94 3,034.69 620 25 ST27.0000 AMERIPRISE FINL INC 09 /23/05 02 /03/06 1,147.48 944.35 203.13 ST5.0000 AMERIPRISE FINL INC 10 / 12/05 02 /03/06 212.49 164.20 48.29 ST14.0000 AMERIPRISE FINL INC 01 /23/06 02/03/06 594 99 612.78 ( 17 79) ST17.0000 AMERIPRISE FINL INC 01 /24/06 02 /03/06 722 . 51 735 . 76 (13.25) ST1.0000 BALL CORP COM 02/04/04 02 / 1'5/06 41 . 68 31.82 9.86 LT

24.0000 BALL CORP COM 12/20/04 02115/06 -1,000 .47 1,056 . 48 (56.01) LT19.0000 BALL CORP COM 12/23/04 02/15/06 792.03 840 . 18 (48.15) LT27.0000 BALL CORP COM 12/29/04 02/15/06 1,125.53 1,192.86 (67.33) LT20.0000 BALL CORP COM 01/14/05 02 /15/06 833 . 72 849 . 94 (16.22) LT16.0000 BALL CORP COM 04/27/05 02/15/06 666.98 636 48 30.50 ST9.0000 BALL CORP COM 06/17/05 02/15/06 375 .1 7 345 . 15 30.02 ST

21.0000• 12.0000

BALL CORP COMBALL CORP COM

06 /27/0508/05/05

02 / 15/0602/15/06

875.41500 . 23

764 . 19455 04

111 22 ST45 19 ST

23 0000 BALL CORP COM 09/23/05 02/ 15/06 958.79 831 . 45 127.34 ST4.0000 BALL CORP COM 10/ 12/05 02/ 15/06 166 . 74 144 . 76 21 98 ST12 0000 BALL CORP COM 01 /23/06 02 / 15/06 500.24 490 32 9 92 ST22.0000 BALL CORP COM 01 /24/06 02/ 15/06 917.12 903.32 13 80 ST

494.0000 BJ SERVICES CO 01/04/06 02 / 15/06 16,483.37 19 ,493 29 (3,009.92) ST19.0000 BJ SERVICES CO 01/23 /06 02/ 15/06 633.97 811.30 (177 33) ST37.0000 BJ SERVICES CO 01/24/06 02 / 15/06 1,234 . 60 1,549 . 19 (314 59) ST15 0000 COMCAST CRP NEW CL A SPL 12/28/04 02 /23/06 397.58 486 19 (88 61) LT50000 COMCAST CRP NEW CL A SPL 12/29/04 02 /23/06 132.52 162 40 (29.88) LT

19 0000 COMCAST CRP NEW CL A SPL 04/01/05 02/23/06 503 . 60 637.83 (134.23) ST135.0000 COMCAST CRP NEW CL A SPL 04/27/05 02 /23/06 3,578 . 25 4,244 . 82 (666 57) ST44.0000 COMCAST CRP NEW CL A SPL 06 / 17/05 02 /23/06 1,166.24 1,34596 (179 72) ST168.0000 COMCAST CRP NEW CL A SPL 06/27/05 02/23 /06 4,452.94 5,12568 (672 74) ST

PLEASE SEE REVERSE SIDEPage

e lX 00206233 365 Year Eding311 231 /061 I IIIIIII IIII VIII VIII V III VIII IIII I I

I III IIII I II

,

4 î

Merrill Lynch

HE JOAN MITCHELL

REALIZED CAPITAL,-GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition 'Dat&.of;Llquidation Sale Price Cost Basis Gain or (Loss)

70.0000 COMCAST CRP NEW CL A,- L 08 /,0 -.02/23/06 1,855.39- 2,158.09 (302.70) ST48.0000 COMCAST CRP NEW CL A,SPL

,09/23/05:- 02/23/06 1,272'.26 1,365.12 (92.86) ST

320.0000 COMCAST CRP NEW CL A SPL 10/12/05 02/23/06 8,481.80 8,838.37 (356.57) ST37.0000 COMCAST CRP NEW CL A SPL 01/23/06 02/23/06 .980:70 1,017.50 (36.80) ST110.0000 COMCAST CRP NEW CL A SPL 01/24/•06 ,. , . 02/23/06 2,915.63 2,990.89 (75.26) ST28.0000 CHICAGO MERCANTILE EXCFI

- , ,06/06X05 - 02/07/06 11,280:53 6,894.85 4,385.68 ST•

1.0000 CHICAGO MERCANTILE EXCH 06/117/05 -02/07/06 402.88 253.94 148.94 ST70.0000 COGNIZANT TECH SOLUTNS A 01/Q3'/0r5 6 09/06 3,864.47 2,915.19 949.28 LT20.0000 COGNIZANT TECH SOLUTNS A 02/2410'5 02/09/06 1,104.14 908.71 195.43 ST92.0000 COGNIZANT TECH SOLUTNS A• 02/24/05 02/10/06 5,066.76 4,180.08 886.68 ST167.0000 CAREMARK RX INC 01/051,05 02/22/06 8,229.57 6,748.42 1,481.15 LT131.0000 COACH INC _ 12/2;0%04 62/22/06 4;7:84.68 3,622.15 1,162.53 LT31.0000 COACH INC - 12%20/04 •02722/06 1,133:54 857.15 276 39 LT26.0000 COACH INC 12/20/04 02/23/06 949.71 718.91 230.80 LT24.0000 COACH INC 12/23/04 02/23/06 876.66 665.40 211.26 LT60.0000 DIAGEO PLC SPSD ADR NEW 04/27/05 02/46%06 3,632.54 3,588.00 44.54 ST26.0000 ENTERCOM COMMCTNS^CE)RP A 05/24/04 02/23/06 744.90 1,058.99 (314.09) LT20.0000 ENTERCOM COMMCTNS/C6RP A 06/10/04 02/238'/06 573.00 793.97 (220.97) LT20.0000 ENTERCOM COMMCTNSYCO:RP_Â 10/12/04 02/2(1%06 573.00 643.45 (7045) LT20.0000 ENTERCOM COMMCTNS;GORPA 10/19/04 02/23/06 573.00 626.04 (53.04) LT47.0000 ENTERCOM COMMCTNS CORP A 12/20/04 02/23706 1,346.55 1,631.37 (284.82) LT37.0000 ENTERCOM COMMCTNS'CORP A 12/23/04 02/23/06 1,060.05 1,310.54 (250.49) LT55.0000 ENTERCOM COMMCTNS^CORP A 12/29/04 Q2'/23/06 1,;57,5;75 1,959.10 (383.35) LT90.0000 ENTERCOM COMMCTN9:,2ORPA 01/21/05 •62/23/06 2,578;50 2,870.07 (291.57) LT9.0000 ENTERCOM COMMCTNS'C-OO RP A 04/01/05 02/23/06 257,:85 318.51 (60 66) ST

20.0000 ENTERCOM COMMCTNSCORP A 04/13/05 •. 02/23/06 573100 690.14 (117.14) ST• 70.0000 ENTERCOM COMMCTNS CORPA 04/27/05,' 02/23/06 2,00550 2,290.04 (284.54) ST

70.0000 ENTERCOM COMMCTNS GO'RR A 05/31'/05 ' 02/23/06 2,005.-50 2,326.15 (320 65) ST38.0000 ENTERCOM COMMCTNSICORP A 06/17.-%05 02/23/06 1,08870 1,258.56 (169.86) ST96.0000 ENTERCOM COMMCTNS:CORP A 06/27!%05 02/23/06 2,750.40 3,086.40 (336.00) ST30.0000 ENTERCOM COMMCTNS`CÔRP A 07/41•/05 02/23/06 859.50 1,00454 (145.04) ST55.0000 ENTERCOM COMMCTNS CARP A 08/05/05 02/23/06 1,575.75 1,727.55 (151.80) ST150.0000 ENTERCOM COMMCTNS CORP A 09/30/05 02/23706 4,297.50 4,738.56 (441 06) ST55.0000 ENTERCOM COMMCTNS CORP A 10/12/05 02/23/0,6 1,575.75 1,633.50 (57 75) ST57.0000 ENTERCOM COMMCTNS CORP A 01/23/06 02/23/06 1,633.05 1,724.82 (91.77) ST118.0000 ENTERCOM COMMCTNS CORP A 01/24/,06 02/23/06 3,380.71 3,540.00 (159 29) ST90.0000 FURNITURE BRANDS INTL 02/04/64 02/22/06 2,219:26 2,80997 (590.71) LT50.0000 FURNITURE BRANDS INTL 06/08/04 02/22/06: 1,232.92 1,211 79 21.13 LT20.0000, FURNITURE BRANDS INTL 12/03/04 02/22/06 483.17 483.79 9.38 LT96.0000 FURNITURE BRANDS INTL 12/20/04 02/22/_06 2,367.23 2,301.12 66 11 LT

PLEASE SEE REVERSE SIDE

-

Page Statement Period100206234Fx 312 of 365 Year Ending 12/31/06

6060( 1 Ot

Merrill Lynch

THE JOAN MITCHELL

^car r,, ^M^• .,ems -^S 2S -C -^

W= _^;r^î'=:: ,r r.•'.^' r - ssl' ^ ^ ^ Y . "k'- i^ .TL' '?^ x •: ^ ' '. ^'N' ^ F^F`-.`Y •.

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Quantity Security Description Date of Acquisition Date_of,,Liquidation Sale Price Cost Basis Gain or (Loss

33.0000 FURNITURE BRANDS INTL 127,23/04 02/22/06 813.74 810 80 2.94 LT39 0000 FURNITURE BRANDS INTL 12/23/04 02123/06 971.17 958.24 12.93 LT106.0000 FURNITURE BRANDS INTL- 12/29/04 02/23/06 2,639.59 2,648.70 (9.11) LT

6.0000 FURNITURE BRANDS INTL 04/01/05 02/23/06 149.41 129.69 19.72 ST77.0000 FURNITURE BRANDS INTL 04/27/05 02/23/06 1,91.7.44 1,525.37 392.07 ST40.0000 FURNITURE BRANDS INTL 06/13/05 02/23/06 996.07 818.43 177.64 ST•49.0000 FURNITURE BRANDS INTL 06/17/05 02/23/06 1,220.19 1,018.71 201.48 ST110.0000 FURNITURE BRANDS INTL 06/27/05 -02/23/06 2,739.20 2,299.44 439.76 ST71.0000 FURNITURE BRANDS INTL 08/05/05 02/23/06 - 1,768.03 1,385.92 382.11 ST30.0000 FURNITURE BRANDS INTL 08/22705 02/23/06 , -- 747.05 590.98 156.07 ST40.0000 FURNITURE BRANDS INTL 09/2W05 02/23/06 996.07 743.70 252.37 ST133.0000 FURNITURE BRANDS INTL 09/23/05 02/23/06 3,311.95 2,354.10 957.85 ST30.0000 FURNITURE BRANDS INTL 09/26/05 02/23/06 747.05 530.95 216.10 ST176 0000 FURNITURE BRANDS INTL 10/12/05 02/23/06 4,382.73 2,912.80 1,469.93 ST54.0000 FURNITURE BRANDS INTL 01/24/06 02/23/06 1,344.71 1,166.94 177.77 ST36.0000 FLOWSERVE CORP 06/27/05 02/15106 1,720.19 1,073.17 647.02 ST26.0000 FLOWSERVE CORP 08/05/05 02/15%06 1,242.36 875.94 366.42 ST57.0000 FLOWSERVE CORP 09/23/05 02/1;5/06 2,723.64 1,995.00 728.64 ST9.0000 FLOWSERVE CORP 10/12/05 02/15/06 430.06 300.96 129.10 ST

244.0000 FRANKLIN RES INC 07/12/05 02/09/06 23,111.64 20,529.11 2,582.53 ST16.0000 FRANKLIN RES INC 08/05/05 02/09/06 1,515.52 1,288.32 227.20 ST40.0000 FRANKLIN RES INC 09/20/05 02/09/06 3,788.80 3,288.98 499.82 ST140.0000 GETTY IMAGES INC 01/31/05 04127/06 11,551.24 9,755.44 1,795.80 ST19.0000 GETTY IMAGES INC 04/27/05 01/27/06 1,567:66 1,40562 162.04 ST9.0000 GETTY IMAGES INC 06/17/05 01/27/06 742.59 665.00 77.59 ST

196.0000 GAP INC DELAWARE 02/04/04 01/27/06 3,384:40 3,749.49 (365.09) LT• 180 0000 GAP INC DELAWARE 07/30/04 01/27/06 3,108:13 4,071.33 (963.20) LT

83.0000 GENENTECH INC NEW 04/26/05 02/15/06 6,908.97 6,134.60 774.37 ST14.0000 GOOGLE INC CL A 02/11/05 02/01/06 5,511.94 2,658.57 2,853.37 ST20 0000 GOOGLE INC CL A 04/22/05 02/01/06 7,874.21 4,356 51 3,517.70 ST29 0000 GOOGLE INC CL A 04/27/05 02/01/06 11,417.61 6,39305 5,024.56 ST11.0000 GOOGLE INC CL A 06/17/05 02/01/06 4,330.81 3,053.38 1,277.43 ST14 0000 GOOGLE INC CL A 06/27/05 02/0106 5,511.96 4,150.44 1,361.52 ST96.0000 GILEAD SCIENCES INC COM 10/11/05 02/21/06 5,792.83 4,599 99 1,192.84 ST85 0000 KEANE INC 02/04/04 02/15/06 910.56 1,25290 (342.34) LT51 0000 KEANE INC 12/20/04 02/15/06 546.34 753 50 (207.16) LT38.0000 KEANE INC 12/23/04 02/15/06 407.07 567.34 (160.27) LT57 0000 KEANE INC 12/29/04 02/15/06 610.61 837.90 (227.29) LT3 0000 KEANE INC 04/01/05 02/15/06 32.13 38 88 (6.75) ST

41 0000 KEANE INC 04/27/05 02/15/06 439.21 503 48 (64.27) ST

PLEASE SEE REVERSE SIDEe

x I 00206235 313aof 365 YearEndinge1231/06 I IÎIÎ^ III VIII VIII ÎIII 111II II II III ^^ N

IIII III

Merrill i yeech

rHE JOAN MITCHELL

t.• it7 at i:•

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Quantity Security De script ion Date of Acquisition Date of Liquidation Sale Price Cost Basis Gain or (Loss

22 0000 KEANE INC 06/41}]705 02/15/06 `235.67 300.96 (65.29) ST55.0000 KEANE INC 06%27%05 02/15/06 589.20 753.50 (164.30) ST29 0000 KEANE INC 08/05/05 02/15/06 310.66 354.96 (44.30) ST61.0000 KEANE INC 09/23/05 02/15/06 653,.48 699.67 (46.19) ST10.0000

• 22.0000KEANE INCKEANE INC

10/12/05.01/23%06

02/15/0602/15/06

1074.223568

105.90244 64

1.22 ST(8 96) ST

67 0000 KEANE INC 01/24/06 02/15/06 717.77.

747.05.

(29.28) ST10.0000 LEGG MASON INC 10/21_/04 02/15/06 1,330.65 588 41 742.24 LT30.0000 LEGG MASON INC

_12/15%04

`02/15/06 3,991.97 2,101.85 1,890.12 LT

46.0000 LEGG MASON INC 12/20/04 02/15/06 - 6,121.04 3,254.03 2,867.01 LT250.0000 LOWE'S COMPANIES INC 09,0%05 02/10/06 15,625.25 16,372.35 (747.10) ST580.0000 MICROSOFT CORP 11/16/05 02/16/06 15;488.05 16,012.81 (514.76) ST105.0000 MUELLER INDUSTRIES INC 02/04/04 02/17/06 3,105.25 3,275.78 (170.53) LT85.0000 MUELLER INDUSTRIES INC 12/20/04 02797/06 2,513.78 2,754.00 (240.22) LT54.0000 MUELLER INDUSTRIES INC 12/23/04 02%1*7/06 1,596.99 1,752.30 (155.31) LT79.0000 MUELLER INDUSTRIES INC 12/29/04 02/i7r'06 2,336.33 2,556.44 (220.11) LT4.0000 MUELLER INDUSTRIES IN'C 04/01/05 02/1,72i06 118.29 112.12 6.17 ST

57.0000 MUELLER INDUSTRIES-INC 04/27/05 02/W/06 1,685.71 1,482.15 203.56 ST32.0000 MUELLER INDUSTRIES INFO 06/17/05 02/17//06 946.36 903.36 43.00 ST75.0000 MUELLER INDUSTRIES;1NC 06/27/05 02/1'7/06 2,218.04 2,018.25 199.79 ST29.0000 MUELLER INDUSTRIES'INC 08/05/05 02717/06 857.64 810.55 47.09 ST99.0000 MUELLER INDUSTRIES"IN,C 09/23/05 0217/06 2,927.82 2,721.51 206.31 ST14.0000 MUELLER INDUSTRIES'''INC 10/12/05 :02/17/06 X41:3' 350.84 63 19 ST38.0000 MUELLER INDUSTRIES.INC 01/23/06 02/17/06 1,.ir23.'81 1,074.64

.49.17 ST

84 0000 MUELLER INDUSTRIES'INC 01/24/06 02/17/06 2,48'4123 2,384.76 99 47 ST20.0000 NBTY INC 09/14/04 02/09/06 426:99 492.75

.(65.76) LT

10.0000 NBTY INC 09/22/04 02/09/06 21350 228.98 (15.48) LT30.0000 NBTY INC 11/12%04 02/09/06 640.51' 779.84 (139 33) LT30 0000 PRICE T ROWE GROUP INC 12/23/04 02/13/06 2,226.18 1,88848 337.70 LT8.0000 PRICE T ROWE GROUP INC 12/297,04 02/13/06 593.66 495.59 98 07 LT

41 0000 PRICE T ROWE GROUP INC 12/29'/04 02/14/06 3,060.30 2,539 94.

520.36 LT2.0000 PRICE T ROWE GROUP INC 04101/05 02/14/06 149.28 118 68 30.60 ST

34.0000 PRICE T ROWE GROUP INC 04/27/05 02/14/06 2,537.81 1,912 13 625.68 ST19 0000 PRICE T ROWE GROUP INC 06/17/05 02/14/06 1,418.19 1,162.80 255 39 ST45 0000 PRICE T ROWE GROUP INC 06/27/05 02/14/06 3;358.87 2,741.40 617.47 ST23 0000 PRICE T ROWE GROUP INC 08/05/05 02/14/06 1,716.75 1,50420 212.55 ST49.0000 PRICE T ROWE GROUP INC 09/23/05 02/14/06 3;657-.44 3,091.90 565 54 ST8.0000 PRICE T ROWE GROUP INC 10/12/05 02/14/06 597.1.3 486.96 110.17 ST

15 0000 PRICE T ROWE GROUP INC 01/23/06 02/14/06 1,149:62 1,14795 (28 33) ST31'0000 PRICE T ROWE GROUP INC 01/24/06 02/14/06 2,313.91 2,380 49 (66 58) ST


x 00206236 314 of 365 Year Ending 12/31/06

6060D t 1 01

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Merrill Lynch

HE JOAN MITCHELL

'^^ r^'- ^.r1.^^,^ti Y,,^•:. ^.k;' f;^;_ ^'.:ts+^-4:,:-^';s^'`; r, c^.1':•=^;-"srè=c=r'- v^î.:

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Quantity Security Description ' Date of Acquisition 'DatetofLiquidation Sale Price Cost Basis Gain or (Loss

225.0000 PAYCHEX INC 10/04/05 02/22/06 8;449403 8,408.45 40 58 ST80.0000 YAHOO INC 04/20'/,05 02/01/06 2,765:66 2,784.98 (19.32) ST80.0000 YAHOO INC 04/22/05 02/01/06 2,765.66 2,792.25 (26.59) ST82.0000 YAHOO INC 04/27/05 02/01/06 2,834.80 2,880.66 (45.86) ST140.0000 YAHOO INC 05/26/05 02/01/06 4,839:92 5,185.29 (345.37) ST45.0000 YAHOO INC 06/17/05 02/01/06 1,555•.68 1,640.66 (84.98) ST

10114.0000 YAHOO INC 06/27'/05 02/01/06 3,941.08 4,024.20 (83.12) ST62.0000 YAHOO INC 08/05/05 02/01/06 2,143.39 2,086.24 57.15 ST86.0000 YAHOOINC 09/23105 02/01/06 2,973.10 2,748.55 224.55 ST11.0000 YAHOO INC 10/12705 02/01/06 380.29 375.98 4 31 ST5.0000 YAHOO INC 10/12105 02/13/06 160.07 170.90 (10.83) ST

285.0000 YAHOO INC 10/19%05 02/13/06 9,124.16 10,067.96 (943.80) ST16.0000 WELLPOINT INC 12/20/04 02/13/06 1,238.15 915.29 322 86 LT54.0000 WELLPOINT INC 12/23/04 02/13/06 4,178.77 3,096.36 1,082.41 LT41.0000 WELLPOINT INC 12/29/04 02/13/06 3,172.77 2,352.66 820.11 LT41.0000 WELLPOINT INC 12/29/04 02/21/06 3,170.51 2,352.66 817 85 LT4.0000 WELLPOINT INC 04/01/05 02/21/06 309.31 250.26 59.05 ST

56.0000 WELLPOINT INC 04/27/05 02/21/06 4,330.47 3,446.80 883.67 ST31.0000 WELLPOINT INC 06/17/05 02/21/06 2,397.23 2,141 79 255.44 ST170.0000 ADVNCD MICRO D INC 12/02/05 03/13/06 5,804.53 4,741.93 1,062.60 ST

5.0000 ADVNCD MICRO D INC- 01/23/06 03/13/06 170.73 177.35 (6.62) ST27.0000 ADVNCD MICRO D INC 01/23/06 03/13/06 916.62 957.69 (41.07) ST55.0000 ADVNCD MICRO D INC 01/24/06 03/13/06 1,867.20 1,958.06 (90 86) ST

425.0000 ADVNCD MICRO D INC 01/24/06 03/14/06 14,326.23 15,130.52 (804 29) ST21.0000 ABB LTD SPON ADR 04/05/04 03/06/06 255.73 126.81 128.92 LT70.0000 ABB LTD SPON ADR 09/23/04 03/06/06 852.45 426 34 426.11 LT

S336.0000 ABB LTD SPON ADR 12/20/04 03/06/06 4,091.78 1,854.15 2,237.63 LT252.0000 ABB LTD SPON ADR 12/23/04 03/06/06 3,068184 1,418.76 1,650.08 LT21.0000 ABB LTD SPON ADR 12/29/04 03/06/06 255.74 118 44 137.30 LT

357.0000 ABB LTD SPON ADR 12/29/94 03/24/06 4,242.81 2,013.48 2,229.33 LT14.0000 ABB LTD SPON ADR 04/01/05 03/24/06 166.38 86.38 80 00 ST

149.0000 ABB LTD SPON ADR 04/27/05 03/24/06 1,770.82 907.40 863.42 ST52.0000 AJINOMOTO CO LTD ADR 01/23/06 03/24/06 5,479.55 5,638.75 (159 20) ST

156.0000 AXA ADR 02/04/04 03/28/06 5,338 23 3,50549 1,832 74 LT14 0000 AXA ADR 12/23/04 03/28/06 479.08 345 04 134 04 LT57.0000 ALCAN INC 05/19/05 03/28/06 2,582.95 1,769.97 812 98 ST87.0000 ABN-AMRO HOLDING NV ADR 02/04/04 03/24/06 2,671.69 2,056.68 615 01 LT30.0000 ABN-AMRO HOLDING NV ADR 05/27/04 03/24/06 921.27 641 37 279 90 LT68.0000 ABN-AMRO HOLDING NV ADR 12/20/04 03/24/06 2,088.22 1,759 16 329 06 LT52-0000 ABN-AMRO HOLDING NV ADR 12/23/04 03/24/06 1,596.87 1,37426 222 61 LT

PLEASE SEE REVERSE SIDEPage

x aozoszai 315 of 365 YeartEndinge12 31/06 III II^ ÎÎ I Ill II ll II{I IIIII `^Î^ ^^ 1 4I III{ IIIyL

Merrill Lynch

IHE JOAN MITCHELL

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REALIZED CARITA4L GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition Date of,,.Liquidation Sal e Pri ce Cost Basis G a in or (Loss

63 0000 ABN-AMRO HOLDING NVbADR 12%29/,04' :03'/24/06 1;9a4:69 1,671 39 263.30 LT57.0000 BNP PARIBAS SPONSORD:ADR 02%04/.0'4, 03/28/06 2',557.88 1,806.90 750.98 LT34.0000 BNP PARIBAS SPONSORD.ADR 12/20/04 03128/06 1,525.75 1,208.70 317 05 LT25.0000 BNP PARIBAS SPONSORD AD,R 12/23/04 03/28/06 1;1.21.88 905.00 216 88 LT37 0000 BNP PARIBAS SPONSORD A=D,R 12/29/,04• "03/28/06 1;660.38 1,354.20 306.18 LT2.0000 BNP PARIBAS SPONSORD,A'DR<

,04/01'/05 - 03/28/06 - 89.-75 70.80 18.95 ST

• 26.0000 BNP PARIBAS SPONSORD•AtDR 04/27:/05 `03128/06 1,166.75 877.50 289 25 ST60.0000 BNP PARIBAS SPONSORD ADR 05/i'45; '031'28/06 = 2,692.52 2,051.92 640.60 ST21.0000 BNP PARIBAS SPONSORD ADR 06/17/05• 03/28/06 942.39 735.00 207.39 ST29.0000 COPART INC COM

,02/014/0',4 02/27/06 . 782.39 477.51 304.88 LT

60.0000 COPART INC COM 06%Ot8'/,Os4 02/27/06 1,618.75 1,473.63 145.12 LT96.0000 COPART INC COM 12/20%04 •02/27/06 2;590:00 2,467.20 122.80 LT71.0000 COPART INC COM 12/23/04 02/27/06 1,91'5.52 1,853.81 61.71 LT105.0000 COPART INC COM 12/29/04 02/,27/06 2,832.81 2,767.80 65.01 LT

7.0000 COPART INC COM 04/01/05 02%2,7/06 188.85 163.30 25.55 ST76.0000 COPART INC COMI' 04/27/05 02%27!/06 2,050.41 1,670.48 379.93 ST50.0000 COPART INC COM- 05/20/05 02/27/06 1,348.96 1,263.40 85.56 ST60.0000 COPART INC COM; 06/17/05 02/27i/06; 1,618 75 1,480.74 138.01 ST114.0000 COPART INC COM 06/27/05 02/27,/,0,6-,, 3,075.63 2,746.25 329.38 ST51.0000 COPART INC CONI' 08/05/05 02/27//.06 1,375.94 1,235.22 140.72 ST131.0000 COPART INC COtvl 09/23/05 02%27!%06 3,534.27 2,960.47 573.80 ST19.0000 COPART INC COM 10/12/05 02(1217/06 - 512.60 436.81 75.79 ST46.0000 COPART INC COM 01/23/06 ;02/27/06 1-,24,1:04 1,123.73 117.31 ST123.0000 COPART INC COM 01/24/06 .02/27/06 3;318.46 3,038.10 280.36 ST27.0000 CAMBREX CORP COM 02/04/04 ; -; '02/27/06 520.97 732.52 (211.55) LT30.0000

• 34.0000CAMBREX CORP COMCAMBREX CORP COM

08/04/0412/20/04_

02/27/06 _02/27/06

57,8:86656.04

651.50859.86

(72.64) LT(203.82) LT

26.0000 CAMBREX CORP COM 12/23104', 02/27/06 501.68 690.04 (188 36) LT38.0000 CAMBREX CORP COM 12/29/04: 02/27/06 - 733.23 1,026.00 (292.77) LT20000 CAMBREX CORP COM 04/01/05 -02/27/06 38.59 41.40 (2.81) ST

27.0000 CAMBREX CORP COM 0,4/27'/05 02/27/06 520.98 507.06 13.92 ST16.0000 CAMBREX CORP COM 06/17/05 -,02/27406 308 73 284 00 24 73 ST35.0000 CAMBREX CORP COM 06/27/05 02/27%06 675.34 621 60 53.74 ST60.0000 CAMBREX CORP COM 07/18/05 02/27/>06 1,157.74 1,21888 (61.14) ST28 0000 CAMBREX CORP COM 08/05/05 02/27/06 540.27 532.28 7 99 ST65.0000 CAMBREX CORP COM 09/21/05 02/27/06 1,254.23 1,27699 (22 76) ST36 0000 CAMBREX CORP COM 09/21/05 02/28/06 669 44 707 26 (37.82) ST93.0000 CAMBREX CORP COM 09/23/05 02/28/06- 1,729.39 1,788.39 (59 00) ST11 0000 CAMBREX CORP COM 10/12/05 02/28/,3; 20,455 209.77 (5 22) ST70,0000 CAMBREX CORP COM 11/29/05 02/28'%06 1,301 69 1,247.66 54 03 ST

PLEASE SEE REVERSE SIDE.Page Statement Period

00206239 316 of 365 Year Ending 12/31/06

ao,oo t 1 010

Merrill 16ynch

THE JOAN MITCHELL

ua

46.000085.000092.0000

222.000065.0000

• 69.00006.00004.0000

91.000054.000041.000061.000060.000060.00006.0000

60.000030.000076.000040.000049.000092.000010.0000

205.0000164.0000123.0000

•183.000012.0000

119.000067.0000159.000072.000090.0000196 000031 000066.0000

207 000057.0000100 000030 000030.0000

00206239L

. f y;s ^c i•

^+^' .. « s.`,; .`'4a:tt4?h^t,^^^,-, :: • ^ ^,^^^ . ;J 4 , ^G^^y ,y`;+a as .`1F.

S^tate;meat 4 , -m Yr• ;it}.^Y .SJti.;^•L J .y,p^yy + =S^°Li-Y'Sf-^^y- _ - _ ^^^+-^.'Y• ty^ ^J•lG.°

_ ^r :$:?'yY^•'•j'23''?iYS^^` tYî',,r'j.. :f _ :°iSSi=Y^k.:C - i;°^ ,^ '


Security Description Date of Acquisition _Dafe::of;;LIquidation Sale Price Cost Basis Gain or (Loss

CAMBREX CORP COM 01123/06 ,02/28/06 -855.-39CAMBREX CORP COM 01124/06 02128/06 1,580:64CB RICHARD ELLIS GR INC 10/07/05 03/23/06 6,905.69CEPHALON INC COM 02/23/06 "03/27/06 13;728.27CEPHALON INC COM 02/27/06 03/27/06 4;01'9:54CEPHALON INC COM

,03/01'/06 ••03/27/06 4;266:8x0

CEPHALON INC COM- 03002%06 '- :03/27/06 371.04CEPHALON INC COM 03/1=4'/,06- ',03/27/06 247.36FEDERAL SIGNAL CORP 02/041,04" 03/01/06 1,684.44FEDERAL SIGNAL CORP 12/20/40, 03/01/06 999.56FEDERAL SIGNAL CORP 12/,23'/04 103/01/06 758.92FEDERAL SIGNAL CORP 12/29/04 -03/01/06 1129.13FEDERAL SIGNAL CORP 01/20/05 03/01/06 1,110.62FEDERAL SIGNAL CORP 02/04/05 '03%01/06 1,110:63FEDERAL SIGNAL CORP 04/01/05 03101/06 111.06FEDERAL SIGNAL CORP 04/11/05 03%0:1'/06 1,110.63FEDERAL SIGNAL CORP 04/14/05 03411/Q6 555.31FEDERAL SIGNAL CORP 04/27/05 0310^1J/06 1,406.80FEDERAL SIGNAL CORP 05/31/05 03/01'/.06 740.42FEDERAL SIGNAL CORP 06/17/05 03/01706 907.01FEDERAL SIGNAL CORP 06/27/05 03101706 1,702.98FEDERAL SIGNAL CORP 06/27/05 03%02/06 182.06GARTNER INC 02/04/04 -03/06/06 2;853.22GARTNER INC 12/20/04 03/06/06 2',•-282.58GARTNER INC 12/23/04 03/06/06 1,711.93GARTNER INC 12/29/04 03/06/06 2,'5",4,7:02GARTNER INC 04/01/05 03/06/06 167:01GARTNER INC 04/27/05 03/06/06 1,656.26GARTNER INC 06/17/05 03/06/06 932.51GARTNER INC 06/27/0'5 03/06/06 2,212.99GARTNER INC 08/05/05 03/06/06 1,002.11GARTNER INC 08/08/05 03/06/06 1,252.63GARTNER INC 09/23/05 03/06/06 2,727.97GARTNER INC 10/12/05 03/06/06 431 46GARTNER INC 01/23/06 03/06/06 918.60GARTNER INC 01/24/06 03/06/06 2,881.09HERCULES INC 02/04/04 03/07/06 678.46HERCULES INC 03/12/04 03/07/06 1,190.28HERCULES INC 05/03/04 03/07/06 357.08HERCULES INC 09/07/04 03/07/06 357.08


317 of 365 Year Ending 12/31/06

978.421,802.854,334.4616,837.175,183.635,527.42488.13326.40

1,678.05944.46722.01

1,077.871,030.49980.0390.24

902.73440.12

1,079.20624.96792.33

1,391.04151.20

2,305.462,002.141,519.632,332.68113.94

1,026.97741.02

1,671 09746.64947.85

2,14620347 82880.44

2,790 36630 42

1,099.83333 09429 68

(123.03) ST(222.21) ST

2,571.23 ST(3,108.90) ST(1,164.09) ST(1,260.52) ST(117.09) ST(79.04) ST6.39 LT

55.10 LT36.91 LT51.26 LT80.13 LT

130.60 LT20.82 ST

207.90 ST115.19 ST327.60 ST115.46 ST114.68 ST311.94 ST30.86 ST

547.76 LT280.44 LT192.30 LT214.34 LT53.07 ST

629.29 ST191.49 ST541.90 ST25547 ST304 78 ST581.77 ST83.64 ST38.16 ST90.73 ST48 04 LT90 45 LT23 99 LT(72.60) LT

Ps r,q^

Merrill 16ynch

IHE JOAN MITCHELL

,^ p F l-• 1-t^t o to . Tt• -L: ._L

^_ y^,s-7^-• -zi•.Y•. .P:,• r'••. •i.h.n'^^ 'fii^^^ ' fir, i +`^T'. J^:. t. -a ^ ,}^"^' l^;, ^,4 k..

^:t'^,^,'':^ `-1 t,'^y''^."•k'` r ^,.r ..F

âk^ ^P ^T i.i+ ,•d•"._? •='.°*^` ^,I;^rf° `'' P`ì'^^,1^' ^ ^.^ y =^1 ^L,r^

5.`^; 'Ja `v^,wi _..^';^,. ., ^,^ , ^_`^>•.L, ^^ ^. •a^ e,me^nt<,:^^_;^-:-^=•^:-^^r°,_.,,^4 `^_.

' .:4.a Fa ,. 't'^ âv 7 : e^:'._..:yet : 5?- ^N•

- - ..^^•L-t ^ . ,^y. .^' -t^^`'^`._, .:î.,,, tai


Quantity Security Description Date of Acquisition Date-of'Liquidation Sale Price Cost Basis Gain or (Loss)

128.0000 HERCULES INC 1-2%2Q/,0`.4 03/07/06 1,523.56 1,880.32 (356.76) LT97.0000 HERCULES INC 1=2%23/04' 03/07/06 1,154.57 1,455.00 (300.43) LT144.0000 HERCULES INC 12/29/04 03/07/06 1,714.01 2,156.13 (442.12) LT80.0000 HERCULES INC 03/24/05 03/07/06 952.22 1,120.00 (167.78) ST13.0000

•117.0000HERCULES INCHERCULES INC

04/01/05,04/27%05

03/07/0603/07/06

1'54.733921 63

187.985581 44

(33.25) ST(165 81 ST, . , . . )

60.0000 HERCULES INC 06/0'/05 03/07/06 714.17 839.29 (125.12) ST74.0000 HERCULES INC 06/47105, 03707/06 880.81 1,061.16 (180.35) ST168.0000 HERCULES INC 06/27105' 03/07/06 1,999.68 2,341.92 (342.24) ST170 0000 HERCULES INC 07/06705 03/07/06 2,023.48 2,413.01 (389.53) ST96.0000 HERCULES INC 08/05705 03/07/06 1,142.67 1,293.12 (150.45) ST90.0000 HERCULES INC 09/20/05 03/07/06 1,071:25 1,130.46 (59.21) ST

229.0000 HERCULES INC 09/23/05 03/07/06 21'725.7,6 2,802.96 (77.20) ST39.0000 HERCULES INC 10/12/05 03%07/06 464.21 435.63 28.58 ST160.0000 HERCULES INC 11/03/05 03707/06 1,904.46 1,625.46 279 00 ST105.0000 HERCULES INC 01/23/06 03%07./06 1,249.80 1,167.60

.82.20 ST

249.0000 HERCULES INC 01/24/06 03/07/06 2,96383 2,811.21 152.62 ST56.0000 KOHLS CORP WISC PV 1CT 02/04/04 02/2406' 2,629.78 2,520.01 109.77 LT124 0000 KOHLS CORP WISC PV.,,ICT 12/20/04 02/24/06 5,823.10 5,687.60 135.50 LT40.0000 MEDTRONIC INC &(jM 09/21/05 03/0;11/06 2,154.47 2,233.47 (79.00) ST50.0000 MEDTRONIC INC COM 09/21/05 03%04/06 2,690.00 2,791.84 (101.84) ST156.0000 MEDTRONIC INC COM 09/22/05 031,01/06 8,392.84 8,707.54 (314.70) ST30.0000 MEDTRONIC INC COM 09/22/05 103/02/06 1;605;88• 1,674.53 (68.65) ST73.0000 MEDTRONIC INC COIVI 09/23/05 03/02/06 3,90;7:67 4,069.36 (161.69) ST7.0000 MEDTRONIC INC 0ONI. 09/23/05 03/16/06 3170:98 390.22 (19.24) ST

•260.0000 MEDTRONIC INC COIv1 10/12/05 03/16/06 13,7'79'.57 14,247 40 (467.83) ST48.0000 MEDTRONIC INC CONI 01/23/06- 03/16/06 2,543±92 2,825.28 (281.36) ST95.0000 MEDTRONIC INC COt4 01/24,06= 03/16/06 5,034.85 5,603.10 (568.25) ST5.0000 MEDTRONIC INC COI4 03/1'4/06•` 03/16/06 265.00 266.70 (1.70) ST

690.0000 MICROSOFT CORP 11,,%x1!6%,05 03/22/06 18,658.19 19,049.73 (391 54) ST61.0000 MICROSOFT CORP 01x/23706 03/22/06 1,649.49 1,609.18 40 31 ST143.0000 MICROSOFT CORP 01124/06 03/22/06 3,866 85 3,765 19

.101 66 ST

22 0000 MICROSOFT CORP 014/06 03/22/06 594.90 599 50 (4.60) ST43 0000 PROQUEST COMPANY 02/04/04 03/03/06 905.35 1,354.93 (449.58) LT30 0000 PROQUEST COMPANY 12/20/04 03/03/06 631.64 899.40 (267 76) LT20.0000 PROQUEST COMPANY 12/23/04 03/03/06 421.09 602 00 (180.91) LT30.0000 PROQUEST COMPANY 12/29/0`4 03/03/06 63,1.64 897 00 (265 36) LT1.0000 PROQUEST COMPANY 04/01/65 03/03/06 2,1.05 36.30 (15 25) ST

220000, PROQUEST COMPANY 04/27/05 03/03/06 463 20 790.46 (327.26) ST12:0000 PROQUEST COMPANY 06/17/05 03/03/06 252.66 396 60 (143 94) ST


x 00206240 318 of 365 Year Ending 12/31/06

6060D 11 01

Merrill Lynch

THE JOAN MITCHELL

y''j .rf=rye' tmu'' * _ -_ .tr i^ 'y^ - a^r•i'Y i. -w

3-caE ,,p7'^.i: i • ^`- l,n, ^ ^+ _ • `^s ^^, ]^ ^ F ^1

A

1'OIG.^-^^S-1Y=, .- .r {-•^".r_L:.^.,"'•vk t+ i^ +` -., y. J 'v •.,r• ^=+5` - c•.^ v^ a,=-Y-. Kr^^r; a.?iati•;^ t

F-Ii^gth - tâtrn:e^nt;y;N, a' 1 y ej

vnr_, ?r. 3'r^ :`s

"j r'^,'- -:^r -Y"î' ^} ^.^'f 5^ !'^}•`;.;•^r r" r T 11"N..=,•t^Vt;^-S_ - a^:" ^^,;?^-•`.c-;:, -c;ti';^v^;flkti,^`..!.J't`^;â,:^k_,r°`crr'yr;^:,^^•i°'°^ •.-i


Quantity Security Description Date of Acquisition Uate,iof Liquidation Sale Price Cost Basis Gain or (Loss)

29.0000 PROQUEST COMPANY 06/27'/.05 03/03/06 610:59 916.40 (305.81) ST50.0000 PROQUEST COMPANY 07/11105 03/03/06 1,052.75 1,671.86 (619.11) ST17.0000 PROQUEST COMPANY 08/05/05 03/03/06 357.93 566.44 (208.51) ST43.0000 PROQUEST COMPANY 09/23/05 03/03/06 905.36 1,518.33 (612.97) ST7.0000 PROQUEST COMPANY 10/12/05 03/03/06 1.47.38 238.77 (91.39) ST

30.0000 PROQUEST COMPANY 10/1'41,05 03/03/06 631.65 1,031.62 (399.97) ST• 22.0000 PROQUEST COMPANY 01/23'/06 03/03/06 463 21 636.24 (173.03) ST

46.0000 PROQUEST COMPANY 01/2'4/,06 03/03/06 968.55 1,335.38 (366.83) ST192.0000 PAYCHEX INC 10/04/05 02/24/06 7,202.17 7,175.22 26.95 ST11.0000 PAYCHEX INC 10%1-2/05 02/24/06 - 412.62 407.11 5.51 ST23.0000 PAYCHEX INC 01/23106 02/24/06 862.76 852.61 10.15 ST55.0000 PAYCHEX INC 01/24/06 02/24/06 2,063.13 2,072.40 (9.27) ST44.0000 SONOCO PRODUCTS CO 02/04/04 03/02/06 1,433.34 1,046.37 386.97 LT30.0000 SONOCO PRODUCTS CO 03/23/04 03102/06 977.27 692.67 284.60 LT44.0000 SONOCO PRODUCTS CO 12/20/04 03/02/06 1,433.34 1,257.96 175.38 LT33.0000 SONOCO PRODUCTS CO 12/23/04 03/02/06 1,075.00 970.53 104.47 LT50.0000 SONOCO PRODUCTS CO 12/29/04 03/02/06 1,628.80 1,471.65 157.15 LT3.0000 SONOCO PRODUCTS CO 04/01/05 03/02/06 97.72 86.04 11.68 ST

35.0000 SONOCO PRODUCTS CO 04/27/05 03/02/06 1,140.16 951.30 188.86 ST30.0000 SONOCO PRODUCTS CO 06/13/05 03/02/06 977.28 823.22 154.06 ST18.0000 SONOCO PRODUCTS CO 06/17/05 03/02106 586.36 498.24 88.12 ST53.0000 SONOCO PRODUCTS CO 06/27/05 03/02/06 1,726.53 1,377.47 349.06 ST36.0000 SONOCO PRODUCTS CO 08/05/05 03/02/06 1,172.74 1,014.84 157.90 ST52.0000 SONOCO PRODUCTS CO 09/23/05 03/02/06 1,693.96 1,402.44 291 52 ST10.0000 SONOCO PRODUCTS CO 10/12/05 03/02/06 325.76 257.90 67.86 ST

•28.000057.0000

SONOCO PRODUCTS COSONOCO PRODUCTS CO

01/23/0601/24/06

03/02/0603/02/06

912.131,856.85

837.481,729.95

74 65 ST126.90 ST

121.0000 SOUTHWESTERN ENERGY CO 10/03/05 03/08/06 3,576.44 4,919.03 (1,342 59) ST79.0000 SOUTHWESTERN ENERGY CO 10/03705 03/08/06 2,365.64 3,211.60 (845 96) ST43.0000 SOUTHWESTERN ENERGY CO 10/03/05 03/09/06 1,298 78 1,748.08 (449 30) ST102.0000 SOUTHWESTERN ENERGY CO 10/03/05 03/09/06 3,061.61 4,146.62 (1,085 01) ST41.0000 SOUTHWESTERN ENERGY CO 10/03/05 03/10/06 1,210.83 1,666.79 (455 96) ST100.0000 SOUTHWESTERN ENERGY CO 10/06/05 03/10/06 2,95326 3,600.28 (647.02) ST14.0000 SOUTHWESTERN ENERGY CO 10/12/05 03/10/06 413 46 466.90 (53 44) ST13.0000 SOUTHWESTERN ENERGY CO 01/20/06 03/10/06 383.93 563 03 (179 10) ST

137.0000 SOUTHWESTERN ENERGY CO 01/20/06 03/13/06 4,125.64 5,933.49 (1,807 85) ST20.0000 SOUTHWESTERN ENERGY CO 01/23/06 03/13/06 602.28 862.67 (260.39) ST80 0000 SOUTHWESTERN ENERGY CO 01/24/06 03/13/06 2,409.14 3,449.60 (1,040.46) ST10.0000 SYMBOL TECHNOLOGIES DELA 06/29/05 02/27/06 113.84 97.02 16 82 ST

240 0000 SYMBOL TECHNOLOGIES DELA 08/01/05 02/27/06 2,732 17 2,494.56 237 61 ST


x 00206241 319 o 365 Year Ending e1231/06 I IIIJIII ff 1 VIII 11ff VIII VIII VIII VIII IIII IIII *,,`j am

Merrill Lynch

THE JOAN MITCHELL

'i:,^7. .: ^• 0.t ,_ + "^^^'^. . ,`-:.. .r-"^.Y^''sf '.t , E,,;%f.^ , ^ • ^, is^+G^F4 '" Y•Tvi .^.ti ^^ --^ ^xî^ .'' i • i^^^ .;,^,,;b.: '. s..- -.- ern ^^•

'iscl State,mrentti'r:*4 - =rt,a { `-; i^" 44j^y-,Jsi^, ••^M1 P' Xti'f_•^ tit`t,._^'.7,i

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' a. .3^ i • ,^` wit=. ^ ^^n I

^;"i.';:3^^v's.îw.^^,+'^ -•'a^.`!_1.. ,Y •r;î.^^ 'e+T^:v ^^'i4^1,^,.- .'}F+`+: ^ :'^'^*°".''1'y'}â^ aj^^. î^^ ^^bfi^^•^•k^^4. , ^s

REALIZED CAPITAL- GAIN AND LOSS SUMMARY

Quantity Security Description • Date of Acquisition Date'of4Liquidation Sale Price Cost Basis Gain or (Loss)

57.0000 SYMBOL TECH NOLOGIES:D'ELA 08%05/05 02/27/06 648.89 539 22 109.67 ST240.0000 SYMBOL TECH NOLOGIES.DELA 0842%05 0027/06 2,7321`7 2,138.26 593.91 ST180.0000 SYMBOL TECH NOLOGIES'DEI;A 08/24/05 02127/06 2,049.13 1,556.42 492.71 ST140.0000 SYMBOL TECHNOLOGIES DELA• 08/30/05 '62/27106 1;593,176 1,254.04 339.72 ST174.0000 SYMBOL TECHNOLOGIES DEl_A 09/23/,05 02/27/06 11,980:82 1,726.08 254.74 ST230.0000 SYMBOL TECHNOLOGIES DELA 10/12/05 02/27/06 2,61' 1,972.76 645.58 ST

• 62.0000 SYMBOL TECHNOLOGIES D,EL'A 01/23`%06 ''62127/06 705.81 757.02 (51.21) ST182.0000 SYMBOL TECH NOLOGI ES-DELA 01%24/06. 02727/06 2,071.91 2,204.02 (132.11) ST220.0000 TARGET CORP COM 10/20/05• 03/22/06 11,787.82 12,456.73 (668.91) ST230.0000 TARGET CORP COM 11/02%05

'-_03/22/06 12,323.64 13,027.22 (703.58) ST

22.0000 TARGET CORP COM 01/23/;96 03/22/06 1,178.78 1,161.38 17.40 ST66.0000 TARGET CORP COM 01/24/06 03/22/06 3,536.36. 3,570.60 (34.24) ST8.0000 TARGET CORP COM 03714/06 03/22/06 428:65 434.88 (6.23) ST

85.0000 YAHOO INC 10/19/05 02%28/06 2,722.15 3,002.73 (280.58) ST320.0000 YAHOO INC 11/16/05 02928/06 10,248.13 12,694.08 (2,445.95) ST60.0000 YAHOO INC 01/23/06 02/.28%06 1,921.52 2,044.80 (123.28) ST192.0000 YAHOO INC 01/24/06 02%28%06 6,148.89 6,695.02 (546.13) ST

2.0000 WELLPOINT INC 06/17/05 03/011706 152.93 138.18 14.75 ST33.0000 WELLPOINT INC - 06/27/05 03/01f/.0'6L 2,523.47 2,233.44 290.03 ST43.0000 WELLPOINT INC 06/27/05 03/02706 3,269.22 2,910.24 358.98 ST38.0000 WELLPOINT INC 08/05/05 03%02`%06 2,889.08 2,706.74 182.34 ST66.0000 WELLPOINT INC 09/23/05 03//02/06 5,017.89 - ' 4,971.12 46.77 ST16.0000 WELLPOINT INC 09/23/05 03/,03/06 1;21;9?07- 1,205.12 13.95 ST23.0000 WELLPOINT INC 01/23/06 - ,,3/03/06 1,752`42 1,665.89 86.53 ST62.0000 WELLPOINT INC 01/24/06 - 03/03/06 4,723c95 4,564.44 159.51 ST50.0000

• 50.0000ADTRAN INC COMADTRAN INC COM

03/14/0504/14/05

04/05/0604/05/06

1,2$0:,181 283:18-

920.67901 13

362.51 LT382 05 ST

28.0000 ADTRAN INC COM 04/27/05_ 04/05/06,718.58

.593.54

.125.04 ST

14.0000 ADTRAN INC COM 06/17%05 04/05/06 359.29 357.14 2.15 ST33.0000 ADTRAN INC COM 06/27/05 04/05/06 846.90 799.26 47.64 ST17.0000 ADTRAN INC COM 08/05/05 04/05/06 436.28 439.11 (2.83) ST34 0000 ADTRAN INC COM' - 09/23/05

7-04105/06 _

"872.57 1,057.74 (185.17) ST

6.0000 ADTRAN INC COM 1 0/12/05 04/05%06 153 98 184 08 (30.10) ST20.0000 ADTRAN INC COM 01/23/06 04/05'406 513 28 631.00 (117 72) ST24 0000 ADTRAN INC COM 01/24/06 04/05/06 615.94 647.04 (31.10) ST12 0000 ADTRAN INC COM 03/14/06 04/05/06 307.97 327 84 (19.87) ST60.0000 APPLERA CP-APPL BIOSYS G 03/04/05 04/20/06 1,645.1'4 1,24274 402.40 LT26.0000 APPLERA CP-APPL BIOSYS G 04/27/05 04/20/06? 712.89 533 00 179 89 ST16 0000

'APPLERA CP-APPL BIOSYS G 06/17/05 04/20/0,6, 438.70 339 52 99.18 ST

39.0000 APPLERA CP-APPL BIOSYS G 06/27/05 04/20/06 1,069.34 781 95 287 39 ST


© 00206247 320 of 365 Year Ending 12/31/06

6060D 11 Ot

SO

Merrill Lynch

THE JOAN MITCHELL

•a ir f*` y'FYr

â e;ti; ,• ^ t •s.,^ i

S"

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_ ^-•,^?x^ .^. `^°^.^"^ ^1Z F ••3^^y. yet - `-^•.":'_ --


Quantity Security Description Date of Acquisition Date''of Liquidation Sale Price Cost Basis Gain or (Loss)

23.0000 APPLERA CP-APPL BIOSYS'"G 08/05/05 X04/20/06 = 630.64 483.00 147 64 ST40.0000 APPLERA CP-APPL BIOSYSpG 08/2245' '04'/20/06 1,096:77 846.24

.250 53 ST

49.0000 APPLERA CP-APPL BIOSYS"zG 09/23/05 04/20/06 1,343.54 1 110.83.

232 71 ST9.0000 APPLERA CP-APPL BIOSYSSGt 10/12/05 64/20/06 246:77

,205.74

.41 03 ST

• 19.000039 0000

APPLERA CP-APPL BIOSYS?(G,APPLERA CP-APPL BIOSYS^G

01/23/0601/24%06

04/20/0604/20/06

:520.90 9:

522.31.

(1.35) ST. , 1; 6 36 1,080.69 (11.33) ST

13.0000 APPLERA CP-APPL BIOSYS'G 03/14/06 • ;Q4/20/06'

356.46 362.05 (5.59) ST88.0000 AJINOMOTO CO LTD ADR 01/23/06 •04'/120/ 06 10,898 .46 9,542.51 1 355.95 ST30.0000 AJINOMOTO CO LTD ADR 01/25/,06 04/20/06 3,715.38 3,267.54

,447.84 ST

4.0000 AJINOMOTO CO LTD ADR 03/14'106 04/20/06 495.39 434.00 61.39 ST118.0000 ATMI INC 03/29196 04/20/06 -3,856.47 3,509.01 347.46 ST240.0000 AETNA INC NEW 02/11"/05 04/06/06 1-1,4,12.84 8,065.08 3473 76 LT220.0000 ALLIANT TECHSYSTEMS INC 03/29/06 04/20/06 17:850:25 17,233 24

, .617.01 ST

34.0000 ALLIED WASTE INDS NEW., 12/20/04 04/20/06 456.46 303.96 152.50 LT113.0000 ALLIED WASTE INDS NEW' 12/23/04 0,4/20/06 1,517.08 1,010.22 506.86 LT167.0000 ALLIED WASTE INDS NEW• 12/29/04 04%20%06 2,242.05 1,511.35 730.70 LT

9.0000 ALLIED WASTE INDS NEW-' 04/01/05 04/20706 120.82 65.88 54 94 LT121.0000 ALLIED WASTE INDS NEW. 04/27/05 04/20/06 1,624.48 948.64

.67584 ST

68.0000 ALLIED WASTE INDS NEW" 06/17/05 04/20/06 912.93 556.92 356 01 ST160.0000 ALLIED WASTE INDS NEW 06/27/05 04/20/06 2,148.08 1,267.20

.880 88 ST

57.0000 ALLIED WASTE INDS NEW 08/05/05 04120106 765.25 480.51.

284 74 ST111.0000 ALLIED WASTE INDS NEW 09/23/05 04120/06 1,490.23 912.42

.577.81 ST

21.0000 ALLIED WASTE INDS NEW 10/12/05 -04'/20/06 &11.1'93 164.64 117.29 ST360.0000 ALLIED WASTE INDS NEW 11/04/05 04/20/06 4,833.18 3,085.24 747.941 ST360.0000

• 78.0000ALLIED WASTE INDS NEWALLIED WASTE INDS NEW

12/05/0501/23/06

04/20/0604/20/06

4;833.180471 9

3,244.006 7 3

,1,589.18 ST

, :4 .9 2 349.87 ST228.0000 ALLIED WASTE INDS NEW 01/24/06 04/20/06 3,061:02 2,058.84 002.181 ST80.0000 ALLIED WASTE INDS NEW 03/14/06 04/20/06 1,074:05 880.80

,193 25 ST

31.0000 AMER EXPRESS COMPANY 09/22/05 04/20/06 1,629.92 1,535.68.

94.24 ST133.0000 AMER EXPRESS COMPANY 09/23/05 04/20/06 6,992 92 6,628.66 364 26 ST186.0000 AMER EXPRESS COMPANY 10/07/05 04/20/06 9,779.59 9,284.33

.495.26 ST

50.0000 AMGEN INC COM PV $0.0001 07/08/05 04/20/06 3,431.44 3,436.82 (5.38) ST53.0000 APPLE COMPUTER INC 06/27/05 04/20/06 3,558.84 1,957.83 1 601.01 ST

270.0000 APPLE COMPUTER INC 07/14/05 04/20/06 18,129 97 11,138.96,

6 991.01 ST76 0000 APPLE COMPUTER INC 08/05/05 04/20/06 5,103.25 3,271 03

,1,832.22 ST

51.0000 APPLE COMPUTER INC 09/23/05 04/20/06 3,424:56 2,708.56 716.00 ST80000 APTARGROUP INC 12/29/04 04/20/06 427.34 425.36 1.98 LT

20.0000 APTARGROUP INC 01/11/05 04/20/06 1,068.36 99000 78.36 LT40000 APTARGROUP INC 04/01/05 04/20/06 2'13:67 210 00 3 67 LT18.0000 APTARGROUP INC 04/27/05 04/20706 961.53 879 84 81 69 ST

PLEASE SEE REVERSE SIDE00206243 321 g 365 Year 31/06 f llllII 11 lII lIffi 1 1111 llll I I I I I I I I I (I 1 1 1 1 1 1 1 ^^^.. }..

Merrill 16ynch

HE JOAN MITCHELL

^ . t^ •-fie . .:: • r+^j n`.rF s ' ^SS.t ^Fx. ) ka i ' •43 14 •ti: ti . J

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{;I' ;^'. 'Y?`t; sa' ^^:. ^^ -^.5^43^.{a:;-, :^_ sr%tif.•:y^ ^^.,.^" 4'st.`t+'+s? Av,Ci^'.'- ^'a.s-'

'"5:•.A: . "5'!C'1'^ '-T^^.ra^ *.^. y;M"' ^.. X• Vt, se4^. :rti+i5: ^ i.,^5^'eo -,.^


Quantity Security Description Date of Acquisition Date of.Liquidation Sale Price Cost Basis Gain or (Loss

10.0000 APTARGROUP INC 067t17/Q5 04/20/06 -534.) 8 500.00 34.18 ST24.0000 APTARGROUP INC 06127/05 04/20/06 1,282.04 1,181.52 100.52 ST14.0000 APTARGROUP INC 08/05/05 04/20/06 747.86 702.94 44.92 ST27.0000 APTARGROUP INC 09/23/05 04/20/06 1;442,30 1 289.79 152 51 ST•5 0000 APTARGROUP INC 10/12/05 04/20/06 :-267.09

,250.05

.17.04 ST

5.0000 APTARGROUP INC 01/23706 04/20/06 267.09 270.45 (3.36) ST21.0000 APTARGROUP INC 01%24'%b6 04/20/06 1,121.79 1,14408 (22.29) ST6.0000 APTARGROUP INC 03/44%06` 04120/06 320 52 323.94 (3.42) ST

570.0000 BANCO SANT CTL HISP ADR 03/1.1-%05 04/20/06 8,322.31 7,320.40 1,001.91 LT8.0000 BANCO SANT CTL HISP ADR 04/01y/05 04/20/06 116.80 96.64 20 16 LT

97.0000 BANCO SANT CTL HISP ADR 04/27/15 04/20/06 1,416.25 1,135.87.

280.38 ST56.0000 BANCO SANT CTL HISP ADR 06/17105 04/20/06 817.63 654.64 162.99 ST133.0000 BANCO SANT CTL HISP ADR 06/27/05 04/20/06 1,941:87 1,518.86 423.01 ST68.0000 BANCO SANT CTL HISP ADR 08/05/05 04720/06 992.83 841.84 150 99 ST141.0000 BANCO SANT CTL HISP A0R 09/23/05 04/20/06 2,058.68 1 773.78

.284 90 ST

23.0000 BANCO SANT CTL HISP Ab'R 10/12/05 0,00Y06 335.81,296.24

.39 57 ST

51.0000 BANCO SANT CTL HISP AtI4 01/23/06 04/20/.06 744.63 689.52.

55.11 ST146.0000 BANCO SANT CTL HISP9KDR 01/24/06 04/20/06 2,131.69 1 989.98 141 71 ST58.0000 BANCO SANT CTL HISF°'"A?DR 03/14/06 04/20'/06 846.84

,848.54

.(1.70) ST

327.0000 BRITISH SKY BDCT SPD:ADR 12/16/05 04/20106 11,975.15 11,758.95 216 20 ST120 0000 BRITISH SKY BDCT SPD.ADR 01/23/06 04/20/06 4,394.55 4,237.81

.156.74 ST

62.0000 BRITISH SKY BDCT SPD`"ADR 01/24/06 0,4/20/06 2,27.0.52 2 188.60 81 92 ST23.0000 BRITISH SKY BDCT SPD ADR 03/14/06 0-4/20/06 `;.842.30

,842 26

.0.04 ST

561.0000 BROADCOM CORP CALIF CL A 01/05/06 04/20/06 25;9j7.45 18,621.01 296.447 ST30.0000 BROADCOM CORP CALÌF'ACL A 01/23/06 04/20/06 '1;3'85,96 1,140.20

,245 76 ST

75.0000 BROADCOM CORP CALIFCL•A 01/24/06 04/20/06 3,464:90 2,888.00.

576.90 ST271.0000 BROADCOM CORP CALIF CL'A 01/27/06 04/20/06 12,519.84. 12,655.85 (136,01) ST114.0000 BROADCOM CORP CALIF 02/10/06 04/20/06 5,266.65 5,195.89 70.76 ST137 0000 BROADCOM CORP CALIF?CL,A 02/14/66 04/20/06 6,329 22 5,990.97 338.25 ST34.0000 BROADCOM CORP CALIFCL A 03/1:4/06 04/20/06 1,570.76 1,534.76 36 00 ST

390.0000 BANCO BRADESCO S A ÂDR 03`/2$/06 04/20/06 15,143.23 13,901 78.

241.451 ST114 0000 BK YOKOHAMA LTD JAPN'ADR 0.6/27/05 04/20/06 8,891.72 6,595 22

,2 296.50 ST

69 0000 BK YOKOHAMA LTD JAPN ADR 07/29/05 - 04/20/06 5,381.83 3,93867,

1 443 16 ST20 0000 BK YOKOHAMA LTD JAPN ADR 08/05/05 04/20/06 1,559.95 1,124.00

,435 95 ST

31.0000 BK YOKOHAMA LTD JAPN ADR 09/23/05 04/20/06 2,417.92 2,23200 185 92 ST50000 BK YOKOHAMA LTD JAPN ADR 10/12/05 04/20/06 389 98 375 00 14 98 ST

12 0000 BK YOKOHAMA LTD JAPN ADR 01/23'%0,6 04/20/06 ' :935:97 912 00 23 97 ST31 0000 BK YOKOHAMA LTD JAPN ADR 01/24/06 04/20/06 2,417•:9`4 2,37925 38 69 ST12 0000 BK YOKOHAMA LTD JAPN AbR 03/14/06 04/20/06 935:98 930 00 5 98 ST

104 0000 BP PLC SPON ADR 09/02/05 04/20/06 7,783.28 7,322.68 460 60 ST


x 00206244 322 of 365 Year Ending 12/31/06

(AM

6^ Merrill lynch

HE JOAN MITCHELL

rt. 11


Quantity Security Description D ate o f Acquisition Date,of,^Liquidatio n Sale Price Cost Basis Gain or (Loss

90.0000 BP PLC SPON ADR 09/:19/05 04/20/06 6,735'53 6,471.76 263.77 ST27 0000 BP PLC SPON ADR 09/23/05 04'/20/06 2,020:66 1,904.85 115.81 ST4.0000 BP PLC SPON ADR 10/12/05 04/20/06 299.35 265.20 34.15 ST13.0000 BP PLC SPON ADR 01/23/06 04/20/06 •972.91 920 66 52.25 ST28.0000 BP PLC SPON ADR 01/24/06 04/20/06 2;095:5'1 1,981.84 113.67 ST

• 11.0000 BP PLC SPON ADR 03/114/06 04/20/06 823:24 754.38 68.86 ST39.0000 BAXTER INTERNTL INC 0546/04 04/20/06 1,505.74 1,271.35 234.39 LT50.0000 BAXTER INTERNTL INC 05/27/04 04/20/06 1,930.44 1,564.02 366.42 LT80.0000 BAXTER INTERNTL INC 09/204 04/20/06 3,088.70 2,545.22 543.48 LT

108.0000 BAXTER INTERNTL INC 12/26/04 04/20/06 4,169.75 3,586.68 583.07 LT76.0000 BAXTER INTERNTL INC 12/23/04 04/20/06 2,934.27 2,628.08 306.19 LT

237.0000 BAXTER INTERNTL INC 12/29/04 04/20/06 9,150.29 8,176.50 973.79 LT144.0000 BAXTER INTERNTL INC 04/01/05 04/20/06 5,559.67 4,867.46 692.21 LT126.0000 BAXTER INTERNTL INC 04/27/05 04/20/06 4,864.71 4,666.41 198.30 ST73.0000 BAXTER INTERNTL INC 06/17/05 04/20/06 2,818.44 2,703.19 115.25 ST181.0000 BAXTER INTERNTL INC 06/27/05 04/20/06 6,988.20 6,736.82 251 38 ST80.0000 BAXTER INTERNTL INC 08/05/05 04/20/06 3,088.70 3,14640 (57.70) ST35.0000 BAXTER INTERNTL INC 03/14/06 04/20/0,6 1,351.32 1,342.60 8.72 ST

505.0000 BEST BUY CO INC 04/04/06 04/20/06 29,259.66 28,428.27 831.39 ST22.0000 BRITISH AWYS PLC ADR 02/04/04 04/20/06 1,331.39 1,163.12 168.27 LT19.0000 BRITISH AWYS PLC ADR 12/20/04 04/20106 1,149.84 821.75 328 09 LT12.0000 BRITISH AWYS PLC ADR 12/23/04 04/20/06 726.21 541.20 185.01 LT17 0000 BRITISH AWYS PLC ADR 12/29/04 04/20/06 1,028.8-1 763.30 265.51 LT1.0000 BRITISH AWYS PLC ADR 04/01/05 04/20/06 60.51 50.22 10.29 LT

12.00006.0000

BRITISH AWYS PLC ADRBRITISH AWYS PLC ADR

04/27/0506/17/05

04/20/0604/20/06

726.22363 11

557.64304 20

168.5858 91

STST

17 0000 BRITISH AWYS PLC ADR 06/27/05 04/20/06.

1,028.81 814 98.

213.83 ST8.0000 BRITISH AWYS PLC ADR 08/05/05 04/20/06 484 14 406.40 77.74 ST

18.0000 BRITISH AWYS PLC ADR 09/23/05 04/20/06 1,089.33 922 50 166.83 ST2.0000 BRITISH AWYS PLC ADR 10/12/05 04/20/06 121.03 107 60 13.43 ST5.0000 BRITISH AWYS PLC ADR 01/23/06 04/20/06 302 59 281.70 2089 ST

20 0000 BRITISH AWYS PLC ADR 01/24/06 04/20/06 1,210.38 1,140 60 69.78 ST7.0000 BRITISH AWYS PLC ADR 03/14/06 04/20/06 423.64 407.40 16 24 ST

50.0000 CYTEC INDUSTRIES INC 06/20/05 04/20/06 3,089 90 2,094.23 995.67 ST14 0000 CYTEC INDUSTRIES INC 06/27/05 04/20/06 865.17 558.74 306.43 ST30 0000 CYTEC INDUSTRIES INC 07/21/05 04/20/06 1,853.94 1,323 86 530 08 ST20.0000 CYTEC INDUSTRIES INC 08/02/05 04/20/06 1,235.96 935 51 300 45 ST14 0000 CYTEC INDUSTRIES INC 08/05/05 04/20/06 865.17 642 88 222 29 ST70 0000 CYTEC INDUSTRIES INC 09/26/05 04/20/06 _ 4,32587 2,93285 1,39302 ST7 0000 CYTEC INDUSTRIES INC 10/12/05 04/20/06 432.58 291 48 141 10 ST


x 00206245 323aof 365 Year Endinge1231/06

I I IIIII(Ilil IIIII IIIII IIIII IIIII 11111111 11 ^,;,

6^ Merrill hynch

HE JOAN MITCHELL

`^ r}1^ '^^ •^' -=^C^3e. , tai ;_i. +... .. ^

y5r8': +q^•t ±'`' ^ ^'

,,, ;tom;, ^,^^_-^3^..1}- r:fa•' s ter. s^,2^^,^. ^l p4.,t.. ^,^r^",,;^'P'^+.îw ^^ lyr, .^ ^ '.»^,

} )j 'rF^'sc. 'ail St►a^te;men:EN'N:mm:,;

1^ 4' ^'."â:t'^ *n`-:i •ri'q ^1.^ ^


Quantity Se curity Description - Date of Acquisition Date'of-,Liquidation Sale Price Cost Basis Gain or (Loss

67.0000 CYTEC INDUSTRIES INC 12/05/05 04/20/06 - 4,140.47 3,094.84 1,045.63 ST30.0000 CYTEC INDUSTRIES INC 12728/05 04/20/06 1,853:94 1,426.11 427.83 ST71.0000 CYTEC INDUSTRIES INC 01/05/06 04/20/06 4,38767 3,487.20 900.47 ST17.0000 CYTEC INDUSTRIES INC 01/23/06 04/20/06 . 1,050.57 781 66 268.91 ST

• 53.0000 CYTEC INDUSTRIES INC 01/24/06 04/20/06 3,275.31 2,450.72 824.59 ST19.0000 CYTEC INDUSTRIES INC 03/1'4/,06 04/20/06 1,174.17 1,050.32 123.85 ST4.0000 CHICAGO MERCANTILE EXCH 06/17/05 04'/20/06 1,976.33 1,015.76 960.57 ST10.0000 CHICAGO MERCANTILE Ekk 06/27,:/05 04/20/06 4,940.84 2,535.90 2,404.94 ST5.0000 CHICAGO MERCANTILE EXCH 08/05/.05 04/20/06 2,470.42 1,469.75 1,000.67 ST

11.0000 CHICAGO MERCANTILE EXCH 09/23%05 04/20/06 5,434.93 3,608.00 1,826.93 ST2.0000 CHICAGO MERCANTILE EXCH 10/12/05 04/20/06 988.17 640.92 347.25 ST

26.0000 CHICAGO MERCANTILE EXCH 10/13%65 04/20/06 12,846.21 7,779.42 5,066.79 ST5.0000 CHICAGO MERCANTILE EXCH, 01/23/06 04/20/06 2,470.42 1,921.25 549.17 ST15.0000 CHICAGO MERCANTILE EXCH 01/24/06 04/,20/06 7,411.28 6,039.75 1,371.53 ST2.0000 CHICAGO MERCANTILE EXC'H 03/14/06 047'20/06 988.18 860.98 127.20 ST8.0000 COGNIZANT TECH SOLU11NS1A 02/24/05 0420%06 513.34 363.49 149.85 LT1.0000 COGNIZANT TECH SOLUTNS A 04/01/05 04/20%06, 64.16 45.66 18.50 LT

34.0000 COGNIZANT TECH SOLUTNS•A 04/27/05 0460%,0.6:= 2,181.71 1,398.42 783.29 ST19.0000 COGNIZANT TECH SOLUTNS'A 06/17/05 04/20%06'" 1,219.19 946.77 272 42 ST43.0000 COGNIZANT TECH SOL•U1NS A 06/27/05 04/20706' 2,759.23 1,972.84

.786.39 ST

20.0000 COGNIZANT TECH SOLUTNS A 08/05/05 04'/'20`%06 - , 1,283.36 952.40 330.96 ST48.0000 COGNIZANT TECH SOLUTNS A 09/23/05 04/26106 R•= 3,080.07 2,116.80 963.27 ST9.0000 COGNIZANT TECH SOLUTNS A 10/12/05 64120/06 577.51 400.41 177.10 ST

120.0000 COGNIZANT TECH SOLUTNS A 10/17/05 0'`4/20/06 7,700.19 5,323.09 2,377.10 ST16.0000 COGNIZANT TECH SOLUTNS A 01/23/06 04/20/06 1,026.69 796.64 230.05 ST

• 69.0000 COGNIZANT TECH SOLUTN9,A 01/24/06 04/20/06 - - 4,427.61 3,482.36 945 25 ST14.0000 COGNIZANT TECH SOLUTNS-A 03/14/06 04/20/06 898:36 797.30 101.06 ST83.0000 CAREMARK RX INC 01/05/65 04/04/06 3,989.22 3,354.01 635.21 LT89.0000 CAREMARK RX INC 03/28'/05 04/04/06 _ 4,277.61 3,490.49 787.12 LT51.0000 CAREMARK RX INC 03/28705 04/06/06 - 2,387.82 2,000.17 387.65 LT11.0000 CAREMARK RX INC 04/01/05 04/06/06 51502 440.22 74.80 LT69.0000 CAREMARK RX INC 04/27/05 04/,06/06. 3,230 58 2,758.62 471 96 ST39.0000 CAREMARK RX INC 06/17/05 04/06/06 1,82598 1,737.06 88.92 ST40.0000 CAREMARK RX INC 06/27/05 04/06%06 1,872.81 1,738.20 134.61 ST50.0000 CAREMARK RX INC 06/27/05 04/20/06 2,313.56 2,172.76 140.80 ST49.0000 CAREMARK RX INC 08/05/05 04/20/06 2,267.29 2,278.99 (11.70) ST95.0000 CAREMARK RX INC 09/23/05 04/20/06,;: 4,395 78 4,699 65 (303.87) ST16.0000 CAREMARK RX INC 10/12/05 04/20/06, 740.34 766 24 (25.90) ST

289 0000 CAREMARK RX INC 10/28/05 04/20/0.6' - ' 13,372.43 15,022 60 (1,650.17) ST47 0000 CAREMARK RX INC 01/23/06 04/20/06 2,174.75 2,34295 (168.20) ST


00206246 324 of 365 Year Ending 12/31/06

6060D I t 01 w r

It

Merrill Lynch

tHE JOAN MITCHELL

t1' r`Y -,-^• h ^ ? a^ .iRt f'1î;Yi.',"t'"-.•` - `' '1`^ 1'^ s', :` i R^. y l^ ~ • ^ xr' +.y:zBy

^^ ì r' SM r;'^^s.6Y .:.• tc ^•1 't` Y :"; } Tt,,q,^< .^''.^ J,^ a^Y,- ^ ,^^+

y`v c ,,i .^; ••' ^^ '' ;. - per ^..'tC ^ t' •'^^ ^ S-^^: ^- ^^^J,.y^'.i'C 71^^. if

Y^^..^ -

,^Fî;sca;IState^_rne•nt^^^:^^:Y^:c%^'' L"4 {s^'1`" aC ^ ^' ^ w;{4^' ' ^: •^`XJ ; . ^y^^ 'r:i' •S'^,w^^ ^ ^,:..^

REALIZED CAPITrA`L GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition 0Date,of:Liquidation Sale Price Cost Basis Gain or (Loss

133.0000 CAREMARK RX INC 0:17,24'/06 04/20/06 6;1:54:10 6,743.10 (589.00) ST26.0000 CAREMARK RX INC 03'/14!06 •04/20/06 1,-203:06 1,292.98 (89.92) ST51.0000 CARNIVAL CORP PAIRED`SHS 02/04/04 04/20/06 2,434.15 2,205.76 228.39 LT37.0000 CARNIVAL CORP PAIRED SI 12/20/04 04/20/06 -1;765.95 2,103.45 (337.50) LT24.0000 `"^'CARNIVAL CORP PAIRED SHSc 12/23/04-

'04/20/06 1,145148 1,393.20 (247.72) LT

• 37.0000 CARNIVAL CORP PAIRED SH 12/29%04 04/20/06 1,79M 2,155.99 (390.04) LT2.0000 CARNIVAL CORP PAIREDJS)iS} 04/,0.1%05 04/20/06 95.45 102.32 (6.87) LT

150.0000 CARNIVAL CORP PAIRED-SAS 04/,05 04,/20/06 7,159.28 7,286.91 (127.63) ST60.0000 CARNIVAL CORP PAIRED SHS• 04/27%Q5 04/20/06 2,863.71 2,823.60 40.11 ST31.0000 CARNIVAL CORP PAIRED SHS" 06/,17%05 04/20/06 1,479.58 1,707.79 (228.21) ST70.0000 CARNIVAL CORP PAIRED SHS= 06/27/.95 04/20/06 3,340.99 3,831.10 (490.11) ST39.0000 CARNIVAL CORP PAIRED SHS' 08/05/05 0.4/20/06 1,86:1•.41 2,017.08 (155.67) ST

430.0000 CARNIVAL CORP PAIRED SHS- 08130/05 04/20/06 20;523.29 21,107.02 (583.73) ST173.0000 CARNIVAL CORP PAIRED SHS 09/23/05 04/20/06 8,257 04 8,605.02 (347 98) ST

3.0000 CARNIVAL CORP PAIRED,SHS 10/12/05 04120/06 143.18 139.11 4.07 ST87.0000 CARNIVAL CORP PAIREDSHS 01/23/06 04'60/06 4,152.39 4,638.84 (486.45) ST140.0000 CARNIVAL CORP PAIRED;SHS 01/24/06 04%20/06 6,682.00 7,397.60 (715.60) ST85.0000 CARNIVAL CORP PAIREDSHS 03/14/06 04/20/06 4,056.94 4,309.50 (252.56) ST180.0000 CIBA SPECLTY CHEM AIYR 07/11/05 04/26106 5,565.42 5,233.95 331.47 ST170.0000 CIBA SPECLTY CHEM ADR 08/05/05 04/20706 5,256.23 5,347.49 (91.26) ST88.0000 CIBA SPECLTY CHEM AIR 09/23/05 04/20/06 2,720.88 2,552.00 168.88 ST9.0000 CIBA SPECLTY CHEM ADR 10/12/05 04/20/06 278.27 262.44 15.83 ST

21.0000 CIBA SPECLTY CHEM PER 01/23/06 04/20/06 649:30 689.64 (40.34) ST59.0000 CIBA SPECLTY CHEM ADR 01/24/06 .04/20/06 1;824'23 1,947.00 (122.77) ST24 0000 CIBA SPECLTY CHEM ADR 03/14/06 04/20/06 74206 752.88 (10.82) ST

•300.0000 CELESTICA SUB VTG SHS 04/22/05 04/20/06 335 3,547.50 (266 15) ST49.0000 CELESTICA SUB VTG SHS 04/27/05 04/20/06 535:95 573.30 (37.35) ST170.0000 CELESTICA SUB VTG SHS 05/12/05 04/20/06 1,859:43 1,993.61 (134.18) ST51.0000 CELESTICA SUB VTG SHS 06/17/05 04/20/06 557.83 674.22 (116.39) ST105.0000 CELESTICA SUB VTG SHS 06/27/05 04/20/06 1,148.47 1,340.85 (192.38) ST54.0000 CELESTICA SUB VTG SHS 08/05/05 04/20/06 590.64 619 38 (28.74) ST

110.0000 CELESTICA SUB VTG SHS 09/23/05 04/20/06 1,203.16 1,260.60 (57 44) ST17.0000 CELESTICA SUB VTG SHS 10/12/05 04/20/06 185.94 179.18 6 76 ST

690 0000 CELESTICA SUB VTG SHS 12/09/05 04/20/06 7,547 15 7,374.93 172 22 ST25.0000 CELESTICA SUB VTG SHS 01/23/06 04/20/06 273.44 260.75 12 69 ST

202 0000 CELESTICA SUB VTG SHS 01/24/06 04/20/06 2,209.46 2,102 82 106 64 ST79 0000 CELESTICA SUB VTG SHS 03/14/06 04/20/06 864.0 867.42 (3 32) ST35 0000 CITIGROUP INC 12/23/04 04/20/06 1,693:24 1,70940 (16.16) LT

144.0000' CITIGROUP INC 12/29/04 04/20/06 6,966:50 6,914 88 51 62 LT90"0000 CITIGROUP INC 03/09/05 04/20/06 4,354.06 4,319.70 34 36 LT


E.1 00206247 325 o 365 YeartEndinge1^231/06 I IIIIIII IIII 11111 VIII VIII VIII VIII VIII I I I I II fir`

F tdn"y^

Merrill Lynch

HE JOAN MITCHELL

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Quantity Security Description Date of Acquisition D'ateofLiquidation Sale Price Cost Basis Gain or (Loss)

2,0000 CITIGROUP INC 04/01'/05 0;4/20/06 =96.75 89 94 6.81 LT340 0000 CITIGROUP INC 04!1 '5%05 -04%20/06 16 , 448.70 15,709.67 739.03 LT170.0000 CITIGROUP INC 04 /27/05 04/20/06 8 ,224.35 8,005.30 219.05 ST66.0000 CITIGROUP INC 06 / 17/05 04/20/06 3; 1;92 98 3 , 134 34 58.64 ST156.0000 CITIGROUP INC 06/27/05 : 04/20 /06 41547.05 7,286.76 26029 ST

• 80.0000 CITIGROUP INC 08/05'/05 .' 04/20 /06 3,870.28 3,492 .00 378.28 ST185.0000 CITIGROUP INC 09 /23105, ;':04/20 /06 8,950.03 8,376 . 80 573 23 ST

9.0000 CITIGROUP INC 10%12/,, ` •''"'-'04120 /06 435.40 401 . 13 34.27 ST100.0000 CITIGROUP INC 01/23/06 . 04/20/06 4,837.85 4 , 582.00 255.85 ST182.0000 CITIGROUP INC 01/24/.06 04/20/06 8,804.90 8 , 386.56 418.34 ST73.0000 CITIGROUP INC 03%14(06 0 .4/20/06 3,531.64 3,450.71 80.93 ST

230.0000 CB RICHARD ELLIS GR INCx

10/07705 04/20/06 19;70:1:19 10 , 836.18 8,86501 ST21.0000 CB RICHARD ELLIS GR INC 10/12/05 04/20/06 1;798';$0 987 . 00 811.80 ST100.0000 CB RICHARD ELLIS GR INC 11/02/05 04720/06 8 , 565.73 5,423.58 3,142.15 ST22.0000 CB RICHARD ELLIS GR IN - ' 01/23/06 0420/06 1,884 .46 1,376.10 508.36 ST56.0000

,CB RICHARD ELLIS GR INC,- 01/24/06 04/20706 4,796 . 81 3,577.84 1,218.97 ST

166.0000 CB RICHARD ELLIS GR iN,C. 02/03/06 04/•20106 14 , 219.13 11,345 . 98 2,873 15 ST23 0000 CB RICHARD ELLIS GR;IaO`r. 03/14/06 04/20/,06 1 , 970.13 1 , 681.07 289.06 ST

470.0000,

CHECK POINT SOFTF2ETEGH 03/29 /06 04/20/.06 8 , 882.77 9 , 429.28 ( 546.51) ST144.0000 COSTCO WHOLESALE ,CRP-JIDEL 02/04/04 04/05'/06 7,901.16 5 , 387.20 2 , 513.96 LT91.0000 COSTCO WHOLESALE CRP DEL 12 /20/04 04/,05706 4 , 993.10 4,329.70 663 40 LT64,0000 COSTCO WHOLESALE ;C12P DEL 12 /23/04 04/05/06 3 , 511.63 3,047.56 464.07 LT100.0000 COSTCO WHOLESALE 'CRP DEL 12/29/04 04/05/06 5;486`.92 4 , 886.82 600.10 LT

5.0000 COSTCO WHOLESALE CRP,DEL 04 /01/05 04/05/06 n27'4 . 34 218 90 55.44 LT70.0000 COSTCO WHOLESALE CR1,'DEL 04 /27/05 - 04/05/06 3;840 . 84 2,906.40 934.44 ST

• 40.0000 COSTCO WHOLESALE CRPDSEL 06/ 17/05 -. ' 04/05/06 2 ;1;9`4!'77 1 , 840.36 354.41 ST94.0000 COSTCO WHOLESALE CRI',4D!EL 06 /27/05 04 /05/06 5 , 157:71 4,192.31 965 40 ST50.0000

,COSTCO WHOLESALE CR;-, DEL 08 /05/0, 04 /05/06 2,743.46 2,189.50 553.96 ST

72.0000 COSTCO WHOLESALE CI 1 bEL 09/23/05 04 /05/06 3,950 . 60 3,106 . 79 843.81 ST39 0000 COSTCO WHOLESALE CRP'DEL 09 /2370'5 04/06/06 2,187.32 1,682.85 504 47 ST4.0000 COSTCO WHOLESALE CRP.-DEL 10/12705 04 /06/06 224 . 34 181.52 42.82 ST

58.0000 COSTCO WHOLESALE CRP" DEL 01/23/06 ' 04/06/06 3 ,252.95 2 , 862.29 390 66 ST117 0000 COSTCO WHOLESALE CRP'DEL 01 %24/06 04/06/06 6 , 561.99 5,79489 767 10 ST43 0000 COSTCO WHOLESALE CRP DEL 03 / 14/06 04 /06/06 2,411 68 2,371.02 40 66 ST9.0000 CARLISLE COS INC 02/04/04 04/20/06 "'' 753.09 513.79 239 30 LT10.0000 CARLISLE COS INC 09 /30/04 04 /20/06 836.77 640 . 41 196 36 LT29 0000 CARLISLE COS INC 12 %20%04 04/20/06 2;42664 1 , 817.43 609 21 LT22 0009 CARLISLE COS INC 12/23/04 04/20/06 1,840 : 90 1,408.22 432 68 LT32 0000 CARLISLE COS INC 12 /29/04 04 /20/06 2,677.68 2,067 . 20 610 48 LT2 0000 CARLISLE COS INC 04 /01/05 04 /20/06 167.35 139 22 28 13 LT


x 00206248 326 of 365 Year Ending 12/31/06

5060D '1 0' 614,

Merrill Lynch

THE JOAN MITCHELL

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Quantity Security Description , _ • Date of Acquisition pafeof,-Liquidation Sale Price Cost Basis Gain or (Loss

23.0000 CARLISLE COS INC 04/27/05 04/20/06 1,924'58 1,654.39 270 19 ST13.0000 CARLISLE COS INC 06%17/05 04/20/06 1,087:80 927.55 160.25 ST31.0000 CARLISLE COS INC 06/27/05 '04/20/06 2,594.00 2,127.53 466.47 ST11.0000 CARLISLE COS INC 08/05/05 04/20/06 920,45 712.58 207.87 ST31.0000 CARLISLE COS INC 08/25/05 04/20/06 2;594:00 1,860.00 734.00 ST

• 35.0000 CARLISLE COS INC 09/23/05 `04/20/06 2,928.72 2,162.65 766.07 ST5.0000 CARLISLE COS INC 10/12/05 04/20/06 418.38 305.15 113.23 ST14.0000 CARLISLE COS INC 01/23/06 -04/20/06 1,171.49 952.98 218.51 ST35.0000 CARLISLE COS INC 01/24/06 04/20/06 2,928.72 2,379.30 549.42 ST13.0000 CARLISLE COS INC 03/14/06 04/20/06 1,087.82 1,028.82 59.00 ST

128.0000 COACH INC 12/23/04 04/20/06 4,497.78 3,548.80 948.98 LT230.0000 COACH INC 12/29/04 04/20/06 8,081.95 6,569.95 1,512.00 LT61.0000 COACH INC 06/17/05 04/20/06 2,143.47 1,994.70 148.77 ST

141.0000 COACH INC 06/27/05 04/20/06 4,954:58 4,506.36 448.22 ST54.0000 COACH INC 08/05/05 04/20/06 1,897.50 1,829.52 67.98 ST127.0000 COACH INC 09/23/05 04/20/06 4,462.64 4,133.85 328.79 ST20.0000 COACH INC 10/12/05 04/20/06 702.77 575.40 127.37 ST

390.0000 COACH INC 10/14/05 04/20/06, 13,704.19 11,723.01 1,981.18 ST78.0000 COACH INC 01/23/06 04/20/06 2,740.83 2,489.76 251.07 ST

295.0000 COACH INC 01/24/06 04/20/06 10,366.00 10,313.20 52.80 ST21.0000 COACH INC 03/14/06 04/20'/06 737.92 775 95 (38.03) ST

450.0000 CATERPILLAR INC D EL 03/17/06 04/20/06 35,233.91 34,057.08 1,176.83 ST136.0000 CATERPILLAR INC D EL 03/23/06 04/20/06 10,648.47 10,395.11 253.36 ST100.0000 CATERPILLAR INC DEL 04/05/06 04/20/06 7,829.77 7,539.95 289.82 ST630.0000 CHEMTURA CORP 10/12/05 04/05/06 7,389.66 6,629 99 751 67 ST

• 36.0000 CHEMTURA CORP 01/23/06 04/05/06 421.81 435 24 (13 43) ST85.0000 CHEMTURA CORP 01/24/06 04/05/06 995.94 1,030.20 (34.26) ST34.0000 CHEMTURA CORP 03/14/06 04/05/06 398.38 364 82 33.56 ST54.0000 CBS CORP NEW CL B 12/20/04 04/20/06 1,325.11 1,53081 (205.70) LT50.0000 CBS CORP NEW CL B 12/23/04 04/20/06 1,226.96 1,45467 (227.71) LT77.0000 CBS CORP NEW CL B 12/29/04 04/20/06 1,889 52 2,215.18 (325.66) LT110.0000 CBS CORP NEW CL B 03/17/05 04/20/06 2,699.31 3,273.64 (574 33) LT61.0000 CBS CORP NEW CL B 04/01/05 04/20/06 1,496 89 1,67864 (181.75) LT83.0000 CBS CORP NEW CL B 04/27/05 04/20/06 2,036 75 2,319.92 (283 17) ST37 0000 CBS CORP NEW CL B 06/17/05 04/20/06 907.95 985 55 (77 60) ST80.0000 CBS CORP NEW CL B 06/27/05 04/20/06 1,963.14 2,05366 (90.52) ST52.0000 CBS CORP NEW CL B 08/05/05 04/20/06 1,276.04 1,395.46 (119 42) ST102.0000 CBS CORP NEW CL B 09/23/05 04/20/06 2,503.00 2,705 89 (202 89) ST21.0000 CBS CORP NEW CL B 10/12/05 04/20/06 515.32 522 09 (6 77) ST54 0000 CBS CORP NEW CL B 01/23/06 04/20/06 1,325.12 1,37808 (52 96) ST


X 00206249 327 0 365 YeatrePeriod

Ending 1231/06 I IIIIIII 1111 VIII VIII VIII VIII I II I II '^F iy

I III III I I TA^

^-11Merrill Lynch

HE JOAN MITCHELL


Qu antity Security Description Date of Acquisition Date of;Liquidation Sale Price Cost Basis Gain or (Loss

114.0000 CBS CORP NEW CL B 01?/24/06 04120/06 2 , 797.48 3 , 018.72 (221.24) ST14.0000 CBS CORP NEW CL B 03%149- 04/20/06 343.55 336 . 28 7.27 ST

390.0000 CBS CORP NEW CL B' 03/30 /06 04/20/06 9 , 570.34 9 , 519.86 50.48 ST72.0000 CHICOS FAS INC COM 12/29/04 04 /06/06 2,847 . 31 1,659 . 16 1,188.15 LT4 0000 CHICOS FAS INC COM 04/01/05 04/06/06 1 '58:1,8 112 . 32 45.86 LT

• 78.0000 CHICOS FAS INC COM 04/2.7/0'5 04/06/06 3,084.59 2,090 .40 994.19 ST156.0000 CHICOS FAS INC COM 05106%05 04/06/06 6,169.20 4, 558.50 1,610.70 ST14.0000 CHICOS FAS INC COM 05/0610'5' 04/20/06 492 . 68 409 . 10 83.58 ST55.0000 CHICOS FAS INC COM 06/1705 04/20/06 1 , 935.56 1 , 912.35 23.21 ST115 0000 CHICOS FAS INC COM 06/27/Q5 04/20/06 4 , 047.09 3 , 750.15 296.94 ST54.0000 CHICOS FAS INC COM 08/05'/'05 04/20/06 1,900.37 2 , 064.96 (164.59) ST82.0000 CHICOS FAS INC COM 09/23/05 04/20/06 2 ; 885.75 2 , 816.70 69.05 ST13.0000 CHICOS FAS INC COM 10/12/05 04/20/06 457.49 472.03 (14.54) ST33.0000 CHICOS FAS INC COM 01/23/06 04/20/06 1,161.34 1,407.12 (245.78) ST80.0000 CHICOS FAS INC COM 01/24/06 04/20/06 2 , 815.37 - 3,419.20 (603.83) ST

400 0000 CHICOS FAS INC COM 02/15/06 04'/20/06'

14 , 076.87 19,439 . 36 (5,362.49) ST15.0000 CHICOS FAS INC COM 03/14/06 04/20_:06 . 527.89 - 601.20 ( 73.31) ST

450.0000 CISCO SYSTEMS INC COM 02/09/06 04/2'0;/06 9,436 . 21 8,806.40 629.81 ST80.0000 CORNING INC 05/ 12/05 04/20'/,06 2,238.33 1,241.43 996.90 ST86.0000 CORNING INC 06/17/05 04/2,006 2,406.20 1,420 72 985.48 ST149.0000 CORNING INC 06 /27/05 0 ,440/06 4,168.89 2,421.25 1 , 747.64 ST87.0000 CORNING INC 08 /05/05 04/26/06 2,434.18 1 , 712.16 722.02 ST149.0000 CORNING INC 09 /23/05 04/20/06 4,1688,9 2 , 808.65 1,360.24 ST399.0000 CORNING INC 10/06/05 04/20/06 11,163.69 7 ,442.82 3 , 720.87 ST40.0000

• 10.0000CRANE CO DELAWARECRANE CO DELAWARE

10/22/0410/28/04

04/20/0604/20/06

1,702,43425160

1 , 197.20277 . 86

505.23 LT147.74 LT

20.0000 CRANE CO DELAWARE 12/17/04 04/20/06 851:2'1 553 . 15 298.06 LT70 0000 CRANE CO DELAWARE 12/20/04 04/20 /06 2,979.25 1,990 . 72 988.53 LT40 0000 CRANE CO DELAWARE 12/23'/04 04/20/06 1,702.43 1 , 137.20 565.23 LT58 0000 CRANE CO DELAWARE 12/29/04 04/20/06 2,468.52 1,669.82 798.70 LT4.0000 CRANE CO DELAWARE 04/01/05 04/20/06 170.24 112.96 57.28 LT

75.0000 CRANE CO DELAWARE 04/27/05 04/20/06 3 , 192.06 1 , 944 19 1 247.87 ST46.0000 CRANE CO DELAWARE 06/27/05 04 /20%06 1 , 957.79 1 , 204 74

,753.05 ST

140 0000 CRANE CO DELAWARE 07/06 /05 04/20/06 5 , 95852 3,77640 2,182.12 ST31.0000 CRANE CO DELAWARE 08/05/05 04/20/06 1 , 319.38 922.25 397 13 ST97 0000 CRANE CO DELAWARE 09/23 /05 04/20/06 4 , 128.41 2 , 786.81 1,341.60 ST14.0000 CRANE CO DELAWARE 10/92%05 04/20/06 595.85 396 06 199.79 ST42 0000 CRANE CO DELAWARE 01/23/06 04 /20/06 1 , 787.55 1 , 530.48 257 07 ST83 0000 ' CRANE CO DELAWARE 01/24/06 04/20/06 3,532.56 3,129.10 403.46 ST33'0000 CRANE CO DELAWARE 03/14/06 04/20/06 1,40452 1,283.04 121.48 ST


00206250 328 of 365 Year Ending 12/31/06

6060D 11 01

IOL.t %

Z7Merri ll Lynch

HE JOAN MITCHELL

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REALIZED CAPITrA'L GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition • Date.of Liquidation Sale Price Cost Basis Gain or (Loss)

51.0000 DBS GROUP HLDGS SPNÂDR 1.2123/04 0';4/20/06 2;16488 2,022.15 142.73 LT78.0000 DBS GROUP HLDGS SPN#ADR 12/29'/,04 •'04'/20/06 3;310:99 3,049.80 261.19 LT4.0000 DBS GROUP HLDGS SPN ADR 04/01/65- 04/20/06 169.79 145.00 24.79 LT

37.0000 DBS GROUP HLDGS SPN A. 04/27/05 04/20/06 1,5,7060 1,309.80 260.80 ST18.0000

• 35.0000DBS GROUP HLDGS SPN ADJDBS GROUP HLDGS SPN ADR,

06/17/0506/27/.05

04/20/06.04/20/06

7.64x071;485:.20

616.501,198.75

147.57 ST286.95 ST

18.0000 DBS GROUP HLDGS SPN A13'R • 08/05/05 04,/20/06 764.07 717.30 46.77 ST36.0000

,DBS GROUP HLDGS SPNî4DR 09/23/05 ','0420/06 1,528.16 1,354.50 173.66 ST

6.0000 DBS GROUP HLDGS SPN ADR- 10/1'2%05 04/20/06 254.69 234.00 20.69 ST19.0000 DBS GROUP HLDGS SPN ADR 01/2'3i96 04/20/06 806.53 760.95 45.58 ST32.0000

,DBS GROUP HLDGS SPN ADR 01/24/06 04/20/06 1,358.37 1,283.20 75.17 ST

14.0000 DBS GROUP HLDGS SPN ADR 03%14706 04/20/06 59.4.29 563.50 30.79 ST10.0000 DIAGEO PLC SPSD ADR NEW; 04/27/05 04/20/06 657:97 598.01 59.96 ST40.0000 DIAGEO PLC SPSD ADR NEW 06/17/05 04/20/06 2,631.92 2,376.00 255.92 ST93.0000 DIAGEO PLC SPSD ADR NEW 06/27/05 04/,20/06 6,119.21 5,518.62 600.59 ST49.0000 DIAGEO PLC SPSD ADR NEW 08/05/05 04/20/06 3,224.10 2,726.85 497.25 ST113.0000 DIAGEO PLC SPSD ADRINEW 09/23/05 04/20/06 7,435.17 6,620.67 814.50 ST

2.0000 DIAGEO PLC SPSD ADR'NEW 10/12/05 04/20/06 131.59 115.00 16.59 ST36.0000 DIAGEO PLC SPSD ADR NE\ 01/23/06 04/26/06 2,368.73 2,125.80 242.93 ST80.0000

,DIAGEO PLC SPSD AD,RrNEW° 01/24/06 04/20/06 5,263.85 4,788.80 475.05 ST

7.0000 DIAGEO PLC SPSD AD`Rr'NEW 03/14/06 04'/20/06 460.59 450 24 10.35 ST1,410.0000 DELL INC 12/08/05 04120/06 39,619.78 44,505.38 (4,885.60) ST330.0000 DELL INC 01/06/06 04120/06 9,272.71 10,083.65 (810.94) ST120.0000 DELL INC •' 01/23/06 04/20/06 3,371:89 3,633.48 (261.59) ST189.0000 DELL INC 01/24/06 04/20/06 5;310.74 5,654.88 (344.14) ST10.0000 DELL INC 02/07/06 04/20/06 8,7'10.74 9,181.52 (470.78) ST

121.0000 DELL INC 03/14/06 04/20/06 3,4003000 3,585.22 (185.22) ST484.0000 DAVITA INC 01/30/0,6 04/20/06 27,469.39 26,617.43 851.96 ST16.0000 DAVITA INC 03/14/06 04/20/06 908.08 944.00 (35.92) ST10.0000 DEUTSCHE BANK AG REG 12/09/04 04/20/06 1,182.86 856.45 326.41 LT23.0000 DEUTSCHE BANK AG REG 12/20704 04/20/06 2,720.58 1,975.24 745.34 LT17.0000 DEUTSCHE BANK AG REG 12/23/04 04/20/06 2,01087 1,481.72 529.15 LT

102.0000 DIRECTV GROUP INC 12729/04 04/20/06 1,72374 1,683.01 40.73 LT18.0000 DIRECTV GROUP INC 04/01/05 04/20/06 304.19 264 42 39.77 LT

198.0000 DIRECTV GROUP INC 04/27/05 04/20/06 3,346.09 2,772.00 574.09 ST115.0000 DIRECTV GROUP INC 06/17/05 04/20/06 1,943.44 1,736.50 206 94 ST273.0000 DIRECTV GROUP INC 06/27/05 04/20/06 4;613:56 4,231.50 382 06 ST138.0000 DIRECTV GROUP INC 08/05/05 04/20/06 2,332.12 2,16936 162.76 ST324 0000' DIRECTV GROUP INC 09/23/05 04/20/06 5,475:43 4,756 32 719.11 ST

510000 DIRECTV GROUP INC 10/12/05 04/20/06 8449 7220 1229 ST

PLEASE SEE REVERSE SIDEPeriod

00206251 Ending329 0 365 Year 1231/06 I IIIIIII IIII VIII VIII VIII VIII VIII VIII IIII I I I 'h

546

6^ Merrill Lynch

HE JOAN MITCHELL

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Quantity Security Description Date of Acquisition Date of'Liquidation Sale Price Cost Basis Gain or (Loss

911.0000 DIRECTV GROUP INC 01J2$/06 -04/20/06 15,395.44 12,981.75 2,413.69 ST251.0000 DIRECTV GROUP INC 01/24%06 "04/20/06 4,241.78 3,516.51 725.27 ST150.0000 DIRECTV GROUP INC 03/14/06 04/20/06 2,534.93 2,346.00 188.93 ST219.0000 DISNEY (WALT) CO COM STK 02/04/04 04/20/06 5,97;6.32 5,093.95 882.37 LT80.0000 DISNEY (WALT) CO COM STK 09/09/04 04/20/06 2,1;833 1,832.33 350.80 LT

•190 0000 DISNEY (WALT) CO COM STK 12/20/04 04/20/06 5,184.94 5,207.65 (22 71) LT134.0000 DISNEY (WALT) CO COM STK 12/23/04 '04120/06 3,656.74 3,704.95 (48.21) LT350 0000 DISNEY (WALT) CO COM STK 12/28104 :04720/06 9,551.20 9,766.65 (215.45) LT

1.0000 DISNEY (WALT) CO COM STK 04/09_/05 04/20/06 27.28 28.67 (1.39) LT167.0000 DISNEY (WALT) CO COM STK 04/27Y05 -04/20/06 4,557.29 4,458.90 98.39 ST95.0000 DISNEY (WALT) CO COM STK 06/•17/,05 04/20/06 2,592.47 2,552.65 39.82 ST

207.0000 DISNEY (WALT) CO COM STK 06/27/05 04/20/06 5,648.86 5,292.99 355 87 ST139.0000 DISNEY (WALT) CO COM ST,•K 08/05/05 04/20/06 3,793:19 3,536.16 257.03 ST271.0000 DISNEY (WALT) CO COM STK 09/23/05 04/20/06 7,395.36 6,28720 1,108.16 ST490.0000 DISNEY (WALT) CO COM STK 10/10/05 04/20/06 13,371.70 11,739.42 1,632.28 ST

6.0000 DISNEY (WALT) CO COM SiTK 10/12/05 04/20'/,06 163.73 140.64 23.09 ST151.0000 DISNEY (WALT) CO COM-ST.K 01/23/06 04/24%06 4,120.67 3,841.44 279.23 ST414.0000 DISNEY (WALT) CO CO4,STK 01/24/06 04/20/06, 11,297.73 10,772.28 525.45 ST90.0000 DISNEY (WALT) CO COM`STK 03/14/06 04/2046' 2,456.03 2,575.80 (119.77) ST

279.0000 EXPRESS SCRIPTS INC' COtvi 12/05/05 04/20/06 24,107.69 24,464.28 (356.59) ST60 0000 EXPRESS SCRIPTS INC-"COM 12/19/05 04120706 5,184.45 5,25706 (72 61) ST18.0000 EXPRESS SCRIPTS INC-COM 01/23/06 04/20/06 1,555.33 1,554.48 0.85 ST43.0000 EXPRESS SCRIPTS INC COM 01/24/06 0;4/20/06 3,7,;1"'5:53 3,764.22 (48.69) ST12 0000 EXPRESS SCRIPTS INC- COM 03/14/06 04/20/06 1;036.90 1,072.56 (35.66) ST70.000040 0000

ENI S P A SPONSORED49RENI S P A SPONSORED ADR

02/04/0412/20/04

04/20/0604/20/06

4,232:762,418:?73

2,628.921,966.56

1,60384 LT452.17 LT

32.0000 ENI S P A SPONSORED ADR 12/23/04 04/20/06 1,934.9.8 1,638.26 296.72 LT8.0000 ENI S PA SPONSORED ADR 12/29/04 04/20/06 483:75 403.16 80.59 LT

250 0000 EBAY INC COM 07/21105 04/20/06 9,214.71[ 10,307 82 (1,093.11) ST81 0000 E.ON AG ADR 02/04/04 04/20/06 3,185.98 1,809.00 1,376 98 LT48.0000 E.ON AG ADR 12720/04 04/20/06 1,887.98 1,412.80 475.18 LT36 0000 E.ON AG ADR 12/23/04 - •-04/20/06 1,415.99 1,081.56 334.43 LT51 0000 E.ON AG ADR 12/29/04 04/20%06 2,005.98 1,544.96 461 02 LT4.0000 EON AG ADR 04/01/05 04/20/06 157.33 114 44 42 89 LT

37 0000 E.ON AG ADR 04/27/05 04/20/06 1,455.32 1,070.78 384.54 ST20 0000 EON AG ADR 06/17/05 04/20/06 7$6.66 587 80 198.86 ST51 0000 E.ON AG ADR 06/27/05 04/20/06 2,0015.99 1,496 85 509.14 ST26 0000 E.ON AG ADR 08/05/05 04/20/06 1,022:66 795 08 227 58 ST53 0000 E.ON AG ADR 09/23/05 04/20406 2,084:66 1,623.92 460 74 ST160000 E.ON AG ADR 10/12/05 04/20/06 393 33 298 60 94 73 ST


0 00206252 330 of 365 Year Ending 12/31/06

'G060D 11 01

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THE JOAN MITCHELL

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Quantity Security Description -

REALIZED CAF-ITVA;L GAIN AND LOSS SUMMARY

Date of Acquisition V•Date ,6i Liquidation Sale Price Cost Basis Gain or (Loss)

25.0000 E . ON AG ADR 0 .1/23%06 ; 0,4/20/06 983`,33 895.50 87.83 ST49.0000 E. ON AG ADR 01/24/06 :04/20/06 1 ; 927.33 1,756.65 170.68 ST22.0000 E .ON AG ADR 03/ 14/06 ;04/20/06 865 .34 817.52 47.82 ST

200.0000 EMERSON ELEC CO 02/ 13/06 `04/20/06 17051 .47 16,594.86 556.61 ST55.0000 FMC CORP COM NEW , 02/04/04 -04 /05/06 3;37x7;39 1,846 . 52 1,530.87 LT

• 33.0000 FMC CORP COM NEW' 12/207,04 04/05/06 2 ;026:43 1 , 584.00 442.43 LT25.0000 FMC CORP COM NEW 12/23/04 04/05/06 1,535.17 1,227.00 308.17 LT36.0000 FMC CORP COM NEW 12/2970,4 0.4 '1.05/06 2 , 210.65 1,746 . 72 463.93 LT2.0000 FMC CORP COM NEW 04/01,/,05 04/05/06 122 . 81 105.98 16.83 LT

26.0000 FMC CORP COM NEW 04/2'7 /.05 04 /05/06 1,596.58 1 , 265.94 330.64 ST15.0000 FMC CORP COM NEW 06/.1-7/45 '04/05/06 921 . 10 862 . 95 58.15 ST35.0000 FMC CORP COM NEW 06/27/05 04 /05/06 20,49.25 1 , 954.05 195.20 ST50.0000 FMC CORP COM NEW 07/05/05 04/05/06 3 , 070.36 2,841.66 228.70 ST21.0000 FMC CORP COM NEW 08/05/05 04 /05/06 1,289.55 1,281.42 8.13 ST46.0000 FMC CORP COM NEW 09/23/05 09%05/06 2 , 824.73 2 , 571.86 252.87 ST7.0000 FMC CORP COM NEt : 10/12/05 04/05/06 429 . 85 354 . 06 75 79 ST

24.0000 FMC CORP COM NEW 01/23/06 04/05/06 1 , 473.77 1 , 266.72.

207.05 ST45.0000 FMC CORP COM NEW 01/24/06 04/05/06 2 , 763.33 2,393.10 370.23 ST17.0000 FMC CORP COM NEW- 03/14/06 04/05/06 1 , 043.93 1 , 043.12 0.81 ST

240.0000 FREEPRT-MCMRAN CPR&GLD B 04 /20/06 04/25/06 15 , 921.25 16,296.00 (374.75) ST47.0000 FORTUNE BRANDS INC 02/04 /04 04120/06 3 ,745.49 3 , 098.13 647.36 LT61.0000 FORTUNE BRANDS INC 12/20/04 04/20/06 4 , 861.17 4 , 350.05 511 12 LT44.0000 FORTUNE BRANDS INC 12/23/04 04/20/06 3 ,506:42 3,158.65 347.77 LT66.0000 FORTUNE BRANDS INC 12/29/04 04/20/06 5, 259:63 4, 732.66 526.97 LT

• 4.000038.0000

FORTUNE BRANDS INCFORTUNE BRANDS INC

04/01/0504/27/05

04/20/0604 /20/06

318.763 , 028:27

311 . 823,062.35

6.94 LT(34.08) ST

21.0000 FORTUNE BRANDS INC 06/17/05 04 /20/06 1 , 67152 1 , 774.05 ( 100.53) ST49.0000 FORTUNE BRANDS INC 06/27 /05 04 /20/06 3 , 904:88 4 , 027.10 ( 122 22) ST30.0000 FORTUNE BRANDS INC 08/05/05 04/20/06 2 , 390.74 2 , 586.24 ( 195.50) ST62.0000 FORTUNE BRANDS INC 09/23 /05 04 /20/06 4 , 940.88 5,111.28 (170.40) ST2.0000 FORTUNE BRANDS INC 10/12/05 04/20/06 159 . 38 152.76 6.62 ST

32.0000 FORTUNE BRANDS INC 01/23/06 04 /20/06 2,550 13 2 , 477.12 73 01 ST63.0000 FORTUNE BRANDS INC 01/24/06 04 /20/06 5,020.57 4 , 919.04 101 53 ST23.0000 FORTUNE BRANDS INC 03/14/06 04 /20/06 1,83292 1,83632 ( 3.40) ST

200.0000 FRANCE TELECOM ADR 09/02 /05 04/20/06 4,447. 86 6,047 94 (1,600 08) ST26.0000 FRANCE TELECOM ADR 09/23/05 04 /20/06 578.22 752.70 (174 48) ST5.0000 FRANCE TELECOM ADR 10/12/05 04/20/06 111.19 140 55 (29.36) ST

150.0000 FRANCE TELECOM ADR 12/07/05 04 /20/06 3,335.90 3,803 06 (467 16) ST220 0000 FRANCE TELECOM ADR 12/16/05 04 /20/06 4,892 . 65 5,567.14 (674 49) ST21.0000 FRANCE TELECOM ADR 01/23/06 04/20106 467.02 485 52 (18.50) ST


e 'x 00206253 331 of 365 Year Ending 1231 /06 I IIIIIII IIII VIII VIII VIII VIII III I

II VIII IIII ^^

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HE JOAN MITCHELL

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Quantity Security Description Date of Acquisition Date'ofiLlquidation Sale Price Cost Basis Gain or (Loss

87.0000 FRANCE TELECOM ADR 01/24/,06 ;04/20/06 1,934:82 1,998.39 (63.57) ST170.0000 FRANCE TELECOM ADR 03/07706 64^/20/06 3,780.69 3,741.90 38.79 ST12.0000 FRANCE TELECOM ADR 03/14/06 04/20/06 266.88 271.92 (5.04) ST13.0000 FEDERAL SIGNAL CORP 06/27/05 04/20/06 250.24 196.56 53.68 ST

•190.000083.0000

FEDERAL SIGNAL CORPFEDERAL SIGNAL CORP -

07/05/0508/05/0'5

04/20/0604/20/06 •

3,657.381,597.70

3,070 841,446.69

586.54 ST151.01 ST

30.0000 FEDERAL SIGNAL CORP 09/20/05 ='40411,20/06 577.48 525.12 52.36 ST170.0000 FEDERAL SIGNAL CORP 09%23/05; 0'_4'/20/06 3,272.40 2,924.00 348.40 ST28.0000 FEDERAL SIGNAL CORP 10/1;x/•05 04/20/06 - 538.98 431.76 107.22 ST74.0000 FEDERAL SIGNAL CORP 01/23'!06 -04/20/06 1,424.46 1,231.36 193.10 ST167.0000 FEDERAL SIGNAL CORP 01/24/Q6 0,4/20/06 3,214.66 2,845.68 368.98 ST

4.0000 FEDERAL SIGNAL CORP 03/1406 -0A/20/06 77.00 71.00 6.00 ST151.0000 FOOT LOCKER INC N.Y. COM 02/04/04 04420/06 3,525.74 3,757.60 (231.86) LT30.0000 FOOT LOCKER INC N.Y. COM 05/07/04 0/0604 700.47 678.47 22.00 LT20.0000 FOOT LOCKER INC N.Y. COM 05/12/04 /.204'//20/06 466.98 422.70 44.28 LT120.0000 FOOT LOCKER INC N.Y. GQlv1 12/20/04 04%20106 2 ,801.91 3 ,164.40 (362.49) LT90.0000 FOOT LOCKER INC N.Y. GOM 12/23/04 04/20"/.06 2,101.43 2,402.85 (301.42) LT134.0000 FOOT LOCKER INC N.Y.^GOM 12/29/04 04/20106• 3,128.80 3,629.50 (500.70) LT

7.0000-

FOOT LOCKER INC N.Y!'C 1 04/01/05 04/20%06£' 163.44 202.30 (38.86) LT10.0000 FOOT LOCKER INC N.Y.-C(DM 04/27/05 04/20`/,06" 233.49 270.00 (36.51) ST

113.0000 FOOT LOCKER INC N.Y.,GOM 06/17/05 04'i20v/06 2,638.47 2,891.67 (253.20) ST123.0000 FOOT LOCKER INC N.Y..QOM 06/27/05 0;4'/,20/06 2,871.96 3,212.76 (340.80) ST73.0000 FOOT LOCKER INC N.Y.;COM 08/05/05 :04%220/06 - 1,704.50 1,664.40 40.10 ST100.0000 FOOT LOCKER INC N.Y.6-OM 08/23/05 20/06 2,334.93 2,182.85 152.08 ST31,0000 FOOT LOCKER INC N.Y. CQM 09/20/05 04/20/06 700.48 667.02 33.46 ST0162.0000 FOOT LOCKER INC N.Y. COM 09/23/05 04/20/06 3,782:59 3,434.40 348.19 ST26.0000 FOOT LOCKER INC N.Y. COM 10/12/05' 04/20/06 - 607.08, 524.94 82.14 ST40.0000 FOOT LOCKER INC N.Y. COtj1 10/14/05 04/20/06 933.97 798.61 135.36 ST50.0000 FOOT LOCKER INC N.Y. COM 10/19/05 04/20/06 - 1,167.46 1,000.92 166.54 ST95.0000 FOOT LOCKER INC N.Y. COM 01/23`/06 04/20/06 2,218 19 2,15687 61.32 ST150.0000 FOOT LOCKER INC N.Y. COM 01124/06 - 04/20/06 3,502.40 3,41838 84 02 ST64.0000 FOOT LOCKER INC N.Y. COM 03/14/06 04/20/06;

^1,494.37 1,534.72 (40.35) ST

77.0000 FRANKLIN RES INC 09/20/05 O6=031 0 7,310.64 6,331 30 979.34 ST65 0000 FRANKLIN RES INC 09/20/05 04/20/06 6,340.13 5,344.62 995 51 ST66.0000 FRANKLIN RES INC 09/23/05 04/20/06 6,437.68 5,392.86 1,044.82 ST11 0000 FRANKLIN RES INC 10/12/05 04/20/06 1,072.94 870.98 201.96 ST

123.0000 FRANKLIN RES INC 10/27105 04/20/06 11,997.50 11,096.38 901 12 ST32.0000 FRANKLIN RES INC 01/23/06 04/20/06 3,121.30 3,132.48 (11 18) ST74 0000 FRANKLIN RES INC 01/24/06 04/20/06: 7,218.01 7,210 56 7 45 ST12 0000 FRANKLIN RES INC 03/14/06 04/20/0,6- 1,170.49 1,198.20 (27 71) ST


00206254 332 of 365 Year Ending 12/31/06A

50600. 0:

Merrill Lynch

THE JOAN MITCHELL

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Quantity Security Description

REALIZED CAP-ITA;L- GAIN AND LOSS SUMMARY,h}

Date of Acquisition 15_afe:of-Liquidation Sale Price Cost Basis Gain or (Loss)

4.0000 GETTY IMAGES INC .04/20/06 304 :1b1 295.57 8.54 ST30.0000 GETTY IMAGES INC 0'6/27/05 _ 0',4/20/06 2,280 :82 2,303.70 (22.88) ST68.0000 GETTY IMAGES INC 07/27/05 04/20/06 5 , 169.88 5,398.55 ( 228.67) ST24.0000 GETTY IMAGES INC 08/05/05 04/20/06 1,824.66, 1,962.24 (137.58) ST42.0000 GETTY IMAGES INC 09 /23/05 -'04/20 /06 3„1'93t6. 3,508.26 (315.10) ST•7.0000 GETTY IMAGES INC 10/12%05 _ ;04/20/06 532 :1"9 550.34 (18.15) ST

55.0000 GETTY IMAGES INC 01!235/06 44/20/06 4 , 181.52 4,701.95 (520.43) ST58.0000 GETTY IMAGES INC 01%24/06 ..04/20/06 4 , 409.62 5,120.82 (711.20) ST10.0000 GETTY IMAGES INC 03/ 1;4/,046 - 04/20/06 760.28 762.80 (2.52) ST

149.0000 GOLDMAN SACHS GROUP INC 09/21/06 04/20/06 25,161.10 17,382 . 21 7,778.89 ST22.0000 GOLDMAN SACHS GROUP INC 00/23/•05 04/20/06 3,715.06 2,628.78 1,086.28 ST4.0000 GOLDMAN SACHS GROUP IN C 10 / 12/051 04/20/06 675.46 455.20 220.26 ST

104.0000 GOLDMAN SACHS GROUP -INC 1,0 / 19/05 04/20/06 17,562.12 12 , 478.98 5,083.14 ST11.0000 GOLDMAN SACHS GROUPINC 01/23/06 04/20/06 1,857.53 1,469.82 387.71 ST32.0000 GOLDMAN SACHS GROUP.. INC 01/24/06 04/20/06 5,403 . 73 4,271 . 68 1,132.05 ST147.0000 GOLDMAN SACHS GROUP-INC 03/14/06 04120/06 24,823.39 21 , 618.89 3,204.50 ST15.0000 GENENTECH INC NEW 04/27/05 04/20706 1,206.71 1,079.25 127.46 ST64.0000 GENENTECH INC NEW - 05/24/05 04/20106 5 , 148.63 5 , 061.07 87.56 ST12.0000 GENENTECH INC NEW 06/17/05 04/20/06 965 . 37 996 .48 (31.11) ST32.0000 GENENTECH INC NEW 06/27/05 04/20/06 2,574 . 32 2,564 . 48 9.84 ST15.0000 GENENTECH INC NEW 08 /05/05 04'/20/06 1 , 206.71 1,328.40 ( 121.69) ST12.0000 GENENTECH INC NEW 09/23/05 04/20/06 965.38 1,025 . 76 (60.38) ST12.0000 GOGGLE INC CL A 06/27/05 04/20/06 4, 935:1,3 3 , 557.52 1,377.61 ST14.0000 GOOGLE INC CL A 08 /05/05 04/20/06 5 ,757.65 4,110.68 1,646.97 ST26.0000 GOOGLE INC CL A - 09/23/05 04/20/06 10,692.78 8,198.84 2,493.94 ST5.0000 GOOGLE INC CL A 10/12/05 04/20/06 2 , 056.30 1,505.00 551.30 ST11.0000 GOOGLE INC CL A 01/23/06 04 /20/06 4,523.87 4 , 590.74 (66.87) ST21.0000 GOOGLE INC CL A 01 /24/0-6 04/20/06 8 , 636.48 9,197.16 (560.68) ST2.0000 GOOGLE INC CL A 03/ 14/06 04/20/06 822 52 694.74 127.78 ST

20.0000 GOOGLE INC CL A 04/05106 04 /20/06 8 , 225.24 8 , 175.26 49.98 ST234.0000 GILEAD SCIENCES INC COM 10/ 11/05 04/20/06 15 , 267.86 11 ,21249 4 , 055.37 ST

9.0000 GILEAD SCIENCES INC COM 10 / 12/05 04 /201.06 587 22 414.81 172.41 ST170 0000 GILEAD SCIENCES INC COM 11/11/05 04'/20/06 11 , 092.04 9 , 010.12 2 , 081 92 ST15.0000 GILEAD SCIENCES INC COM 01 /23/06 04/20/06 978.71 84690 131.81 ST71.0000 GILEAD SCIENCES INC COM 01 /24/06 04/20106 4 , 632.56 4 , 10501 527.55 ST12.0000 GILEAD SCIENCES INC COM 03 / 14/06 04/20/06 782.96 748 . 68 34.28 ST

195.0000 GILEAD SCIENCES INC COM 04/04/06 04 /20/06 12 ,723.24 12, 560.94 162.30 ST11.0000 HSBC HLDG PLC SP ADR 12 /20/04 04/20 /06 952 .46 93544 17.02 LT22.0000' HSBC HLDG PLC SP ADR 12/23/04 04 /20/06 1,904.92 1 ,874.18 30 74 LT341D000 HSBC HLDG PLC SP ADR 12 /29/04 04/20 /06 2,943 96 2,901.90 42 06 LT

PLEASE SEE REVERSE SIDEPa g e Pe riod

00205255 Ending333 of 365 Year 12/31 /06 I II IIII IIII VIII VII VIII VIII VII IIII^ IIII I^^ gl,I I I I `'D

Merri l l 16ynch

HE JOAN MITCHELL

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Quantity Security Description I Date of Acquisition Date of;Liquidation Sale Price Cost Basis Gain or (Loss

13.0000 HSBC HLDG PLC SP ADR 04/27/,05}

04120/06 1,125.63 1,03857 87.06 ST2.0000 HSBC HLDG PLC SP ADR 06%17'%0 5 04/20/06 173.17 160 76 12.41 ST15.0000 HSBC HLDG PLC SP ADR 06/27/05 04/20/06 1, 298.81 1 ,211 85 86.96 ST8.0000 HSBC HLDG PLC SP A612• 08/05/05 04/20/06 692,70 655.76 36.94 ST16.0000 HSBC HLDG PLC SP ADR 09/23/05 04/20/06 15.'10 1,293.60 91.80 ST•3.0000 HSBC HLDG PLC SP ADR 10/12/65 04/20/06 2506 235.14 24.62 ST7.0000 HSBC HLDG PLC SP ADR 01/23%06 '0"4'/20/06 606 .11 580.51 25.60 ST

14.0000 HSBC HLDG PLC SP ADR 01/24/06 ;04/20106 1,212.23 1,156.40 55.83 ST7.0000 HSBC HLDG PLC SP ADR 03/ti4%Ofi 04/20/06 606.12 603.19 2.93 ST

24.0000 HARLEY DAVIDSON INC WIS 02/04/04 04/20/06 1,230.20 1,205.35 24.85 LT30.0000 HARLEY DAVIDSON INC WIS 1'07-1.3164 " 04/20/06 1,537.75 1,755.33 (217.58) LT10.0000 HARLEY DAVIDSON INC WIS• 12/06104 64/20/06 512:58 592.62 (80.04) LT47.0000 HARLEY DAVIDSON INC WIS 12/20/04 04/20/06 2,409.1.'4 2,766.42 (357.28) LT30.0000 HARLEY DAVIDSON INC WIS 12/23/04 04'/20/06 1,537.75 1,814 10 (276.35) LT47 0000 HARLEY DAVIDSON INC WIS 12/29/04 04%20%06 2,409.14 2,854.31 (445.17) LT61.0000 HARLEY DAVIDSON INC VIlIS 04/01/05 04'%2;006 3,126.76 3,492.25 (365.49) LT150.0000 HARLEY DAVIDSON INC-,WIS 04/27/05 04/20/06 7,688.76 6,948.60 740.16 ST80.0000 HARLEY DAVIDSON INCcV11.IS 05/27/05 04/20%06 4,100.67 3,996 82 103.85 ST100.0000 HARLEY DAVIDSON INCtWIS 06/17/05 04/2046' 5,125.84 4,960.00 165.84 ST105.0000 HARLEY DAVIDSON INC-,WIS 06/27/05 04/20/.06 5,382.14 5,290.95 91.19 ST57.0000 HARLEY DAVIDSON INC;WIS 08/05/05 04'/20'/06 2,921.73 2,956.02 (34.29) ST127 0000 HARLEY DAVIDSON INC•WIS 09/23/05 04720/06 6,509.83 6,244.59 265 24 ST

6.0000 HARLEY DAVIDSON INC WIS 10/12/05 04/20/06 07155 277.62 29.93 ST73.0000 HARLEY DAVIDSON INC WIS 01/23/06 •04/20/06 3,7,41:57 3,920.83 (178.96) ST100.0000 HARLEY DAVIDSON INC WIS 01/24/06 04/20/06 5,125.85 5,30833 (182.48) ST

• 69.0000 HARLEY DAVIDSON INC WIS 03/14/06 04/20/06 3,53684 3,450.00 86.84 ST153.0000 HEWLETT PACKARD CO DEL 04/27/05 04/20/06 5,16917=-1. 3,072.25 2,097.46 ST99.0000 HEWLETT PACKARD CO DEL 06/17/05 04/20/06 3,345-1-0 2,36808 977.02 ST215 0000 HEWLETT PACKARD CO DEL 06/27/05 04/20/06 7,264.62 5,031 00 2,23362 ST540.0000 HEWLETT PACKARD CO DEL 0747,/05 04/20/06 18,246 04 12,878 46 5,367.58 ST195 0000 HEWLETT PACKARD CO DEL 08/,05/05 04/20/06 6,588.84 4,773.60 1,815.24 ST880.0000 HEWLETT PACKARD CO DEL - 08/17/05 04/20/06 29,734.29 23,110.38 6,62391 ST514.0000 HEWLETT PACKARD CO DEL 09723/05 04/20106 17,367.53 14,633.58 2,733.95 ST27 0000 HEWLETT PACKARD CO DEL 10/12/05 04/20/.06 912 30 737 37 174 93 ST127.0000 HEWLETT PACKARD CO DEL 11/18/05 04/20/06 4,291.21 3,765 92 525.29 ST226 0000 HOME DEPOT INC 12/20/04 04/20/06 9,249.89 9,442.29 (192 40) LT174.0000 HOME DEPOT INC 12/23104 04/20/06 7,121:60 7,408.92 (287 32) LT2690000, HOME DEPOT INC 12/29/04 04/20/06' 11,009:83 11,519.66 (509.83) LT

9,0000 HOME DEPOT INC 04/01/05 04/20/06 368;35 342 09 26 26 LT117 0000 HOME DEPOT INC 04/27/05 04/20/06 4,788 66 4,26231 526 35 ST


x 00206256 334 of 365 Year Ending 12/31/06

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THE JOAN MITCHELL

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Quantity Security Description Date of Acquisition Date;91,4Liquidation Sale Price Cost Basis Gain or (Loss)

67.0000 HOME DEPOT INC 06/17/05 04/20/06 2,742:22 2,69072 51.50 ST169.0000 HOME DEPOT INC 06/27/05 •04720/06 6,916.95 6,504 81 412.14 ST72.0000 HOME DEPOT INC 08/05/05 04/20/06 2,946.87 2,934.00 12.87 ST

189.0000 HOME DEPOT INC 09/23/05 .04/20/06 _ 7,735.53 7,342.65 392.88 ST8.0000 HOME DEPOT INC 10/12/05 04/20/06 327.43 301.92 25.51 ST

1089.0000 HOME DEPOT INC 01/23/06 04/20/06 3,642:66 3,551.10 91.56 ST

207 0000 HOME DEPOT INC 01/24/06 -04/20/06 8,472.25 8,286.21 186.04 ST520.0000 HOME DEPOT INC 02/23/06 04720/06 21,282.96 21,800.06 (517.10) ST65.0000 HOME DEPOT INC 03/14/06 04/20/06 2,660.37 2,739.10 (78.73) ST12.0000 HOME DEPOT INC 03/14/06 04/20/06 491.14 505.44 (14.30) ST

503.0000 HOME DEPOT INC 03/22/06 04/20/06 20,587.18 21,680.41 (1,093.23) ST417.0000 HUMANA INC 01/04/06 04/20/06 20,157.15 23,686.48 (3,529.33) ST80 0000 HUMANA INC 01/19/06 04/20/06 3,867.08 4,572.39 (705.31) ST9.0000 HUMANA INC 01/23/06 04/20/06 435.04 483.57 (48.53) ST

62.0000 HUMANA INC 01/24/06 04/20/06 2,997.00 3,383 96 (386.96) ST17.0000 HUMANA INC 03/14/06 04/20/06 821.76 832.49 (10.73) ST29.0000 HUTCHISN WHAMPOA ADR 12/20/04 04120%06 1,384.70 1,332.55 52.15 LT39.0000 HUTCHISN WHAMPOA A'DR. 12/23/04 04/207,06 1,862.19 1,790.10 72.09 LT58.0000 HUTCHISN WHAMPOA ADR 12/29/04 04/20706 2,769.41 2,714.40 55.01 LT3.0000 HUTCHISN WHAMPOA ADR 04/01/05 041,20406 143.24 129.30 13.94 LT

39.0000 HUTCHISN WHAMPOA ADR 04/27/05 04%20%06 1,862.19 1,741.35 120.84 ST11.0000 HUTCHISN WHAMPOA ADR 06/17/05 04/20/06 525.23 492.80 32.43 ST33.0000 HUTCHISN WHAMPOA ADR 06/27/05 04120/06 1,575.770 1,49985 75.85 ST17.0000 HUTCH!SN WHAMPOA ADR 08/05/05 04/20/06 811.72 848.30 (36.58) ST35.00006.0000

HUTCHISN WHAMPOA ADHUTCHISN WHAMPOA ADR

09/23/0510/12/05

04/20/0604/20/06

1,671.20286.49

1,781.26291.60

(110.06) ST(5.11) ST

18.0000 HUTCHISN WHAMPOA ADR. 01/23/06 04/20/06 859:48 909 90 (50.42) ST30.0000 HUTCHISN WHAMPOA ADR 01/24/06 04/20/06 1,432 47 1,524.00 (91.53) ST13.0000 HUTCHISN WHAMPOA ADR 03/14/06 04/20/06 620.74 603 20 17.54 ST22.0000 ITT EDUCATIONAL SVCES 12/29/04 04/20/06 1,341.66 1,038 41 303.25 LT20.0000 ITT EDUCATIONAL SVCES 01/19/05 04/20/06 1,219.69 924.54 295.15 LT5.0000 ITT EDUCATIONAL SVCES 04/01/05 04/20/06 304.92 242 90 62.02 LT

36.0000 ITT EDUCATIONAL SVCES 04/27/05 04/20106 2,195 45 1,748 52 446.93 ST20 0000 ITT EDUCATIONAL SVCES 06/17/05 04/20/06 1,219 69 947.80 271.89 ST49.0000 ITT EDUCATIONAL SVCES 06/27/05 04/20/06 2,988.25 2,504 39 483 86 ST21 0000 ITT EDUCATIONAL SVCES 08/05/05 04/20/06 1,280.68 1,084.86 195 82 ST30 0000 ITT EDUCATIONAL SVCES 09/23/05 04/20/06 1,829.54 1,424 10 405.44 ST4 0000 ITT EDUCATIONAL SVCES 10/12/05 04/20/06 243.93 196 36 47 57 ST

13 0000W ITT EDUCATIONAL SVCES 01/23/06 04/20/06 792.80 743.86 48.94 ST27.0000 ITT EDUCATIONAL SVCES 01/24/06 04/20/0,6 1,646 60 1,54224 104 36 ST

PLEASE SEE REVERSE SIDEPage Statement

X 00206257 335 of 365 YearPeriod

rr Ending 1231/06 I IIIIIII III1111 VIII VIII VIII Îi VIII I I IIII

DDS Merri ll Lynch

THE JOAN MITCHELL


Quantity Security Description - - Date of Acquisition Date;dfr,Li quidation Sale Price Cost Basis Gain or (Loss

11.0000 ITT EDUCATIONAL SVCES;;_;. 03/•14106 - 04/20/06 '670:8'.4 683.54 (12.70) ST160.0000 INVESTORS FINL SVCS CORP 07125)05 04120/06 7,761.36 5,468.75 2,292.61 ST15.0000 INVESTORS FINL SVCS CORP. 08/05/05 04/20/06 727.62 513.75 213.87 ST30.0000 INVESTORS FINL SVCS Cd 2•P- 09/23/05 0`4/20/06 1,;455.25 972.90 482.35 ST5.0000 INVESTORS FINL SVCS CORK,'', 10/12/05 '04/20/06 - 2154 •

'154.35 88 19 ST

170.0000 INVESTORS FINL SVCS Co- -,-- 10/20/06 04/20/06 8,246:45 6,046.12 2,200 33 ST16.0000

,INVESTORS FINL SVCS CORP. 01/238/06 •004/20/06 776.13 604.80 171.33 ST

55.0000 INVESTORS FINL SVCS CORP 01/24/06" 04/20/06 2,667.98 2,078.96 589.02 ST19.0000 INVESTORS FINL SVCS CORP 03/14106 04/20/06 921.67 863.74 57.93 ST

2,227.0000 ISHARES RUSSELL 2000 03/02706 ' •94/05/06 166,082.55 160,993.84 5,088.71 ST410.0000 ISHARES RUSSELL 2000 03/031,,06 -0,4/05/06 30,576.49 29,578.63 997.86 ST83.0000 ISHARES RUSSELL 2000 03/14/06 64/05/06 6,189;88 5,999.24 190.64 ST

100.0000 INVITROGEN COM 10/28/05 04420/06 61394:79 6,301.83 97.96 ST60.0000 INVITROGEN COM , •: 11/18/05 04/20/06 3,839.88 3,911.31 (71.43) ST10.0000 INVITROGEN COM.,: 01/23/06 04/20/06 639.98 679.40 (39.42) ST21 0000 INVITROGEN COW- '- 01/24/06 04'/20'/06 1,343.96 1,410.15 (66.19) ST8.0000 INVITROGEN COIv - 03/14/06 04/200/06 511.99 568.08 (56 09) ST

163.0000 INTUITIVE SURGICAL INC:. 02/14/06 04/20706 17,631.95 16,641.49 990.46 ST7.0000

-INTUITIVE SURGICAL INCF`.. 03/14/06 04/207,06 757.21 664.30 92.91 ST

276.0000 INTEL CORP 06/27/05 04/20/.06 5,379.07 7,153.92 (1,774 85) ST260.0000 INTEL CORP 06/28/05 04'%20%06 5,067.24 6,813.87 (1,746.63) ST191.0000 INTEL CORP 08/05/05 04);20/06 3,722.47 5,113.05 (1,390.58) ST880.0000 INTEL CORP 09/12/05 -04%20/06 17;150',67. 22,017.42 (4,866.75) ST530.0000 INTEL CORP 09/23/05 X04/20/06 1.0;329:38 12,953.15 (2,623.77) ST

•380.000030 0000

INTEL CORPINTEL CORP

10/10/0510/12/05

- 04/20/06" 04/20/06

7;405:97581!68

8,997.26689.10

(1,591.29) ST(104.42) ST.

128.0000 INTEL CORP 01/23/06' 04/20/06 2,494x6,4, 2,718.72 (224 08) ST943.0000 INTEL CORP - 01/24106- 04/20/06 18,3785'1• 20,180.20 (1,801.69) ST168.0000 INTEL CORP 03/14406 04/20/06 3,274.22 3,331.44 (57.22) ST530.0000 INTEL CORP 03/22/06 04/20/06 10,329.40 10,457.32 (127.92) ST190.0000 INTL RECTIFIER CORP 10/1-1/05 04/20/06 8,297.04 6,529.41 1,767.63 ST

4 0000 INTL RECTIFIER CORP 10/12/05 .04/20/06 174.67 137.88 36 79 ST500000 INTL RECTIFIER CORP 10/28/05 0420706 2,183.43 1,388.00 79543 ST

110 0000 INTL RECTIFIER CORP 11/01/05 04/20%06 4,803.55 3,206 53 1,597 02 ST150000 INTL RECTIFIER CORP 01/23/06 04/20/06 655.03 524.40 130.63 ST51 0000 INTL RECTIFIER CORP 01/24/06 04/20/06 2,227.11 1,819 68 407.43 ST18 0000 INTL RECTIFIER CORP 03/14/06 - 04/20/06 786.0.4 722 52 63 52 ST30.0000 IPSCO INC 04/20/06 04/21/06 322'8:37 3,213.30 15 07 ST60 0000' IPSCO INC 04/20/06 04/24/06 6,332 86 6,426.59 (93 73) ST30 '0000 IPSCO INC 04/20/06 04/25/06 3;108.02 3,213 30 (105 28) ST


x 00206258 336 of 365 Year Ending 12/31/06 _ f

50500 ' 1 0 .^

Mefrill lynch

THE JOAN MITCHELL

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REALIZED CAPITAtL GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition Daf of:Liquidation Sale Price Cost Basis Gain or (Loss

34 0000 ING GP NV SPSD ADR ^• ^_ 1:2120/04 {,04720/06 1353, 987.70 365.45 LT62.0000 ING GP NV SPSD ADR 1.2'/23'%04 F04/20/06 2;467:52• 1,861 24 606.28 LT93.0000 ING GP NV SPSD ADR 12/29/64 - 04/20/06 3,701.28 2,806.74 894.54 LT5.0000 ING GP NV SPSD ADR 04/01/05 A/20/06 _, - 198.99;- 149.15 49.84 LT

64.0000 ING GP NV SPSD ADR 04/27/05 <04/20/06 2;547s1i2;`M p . y

'1,765.12 782.00 ST

36.0000•

ING GP NV SPSD ADR 06/17/05 - , '04/20/06 1,432x75 1,022.76 409.99 ST90.0000 ING GP NV SPSD ADR 06/27/05 0',4/20/06

'3,581.89 2,502.00 1,079.89 ST

33.0000 ING GP NV SPSD ADR 08%05/05 Q4%20/06' 1,313.36 997.92 315.44 ST62.0000 ING GP NV SPSD ADR 09/23/05 04/20/06 2,467.53 1,782.50 685.03 ST11.0000 ING GP NV SPSD ADR 10/.12165 04/20/06 - 437.78 314.38 123.40 ST25.0000 ING GP NV SPSD ADR 01/23706 04/20/06 994.97 851.00 143.97 ST62.0000 ING GP NV SPSD ADR _-'• 01/24/06 0:4/20/06 2467.54 2,119.16 348.38 ST26.0000 ING GP NV SPSD ADR 03/14/06 04/20/06 1,034?78- 997.62 37.16 ST75.0000 JPMORGAN CHASE & CO - - 07/23/04 04/20/06 3,188.1'5 2,749.55 438.60 LT70.0000 JPMORGAN CHASE & CO - 08/09/04 04/20/06 2,975.60 2,524.63 450.97 LT40.0000 JPMORGAN CHASE & CO 110/20/04 04%40106 1,700.34 1,479.56 220.78 LT80.0000 JPMORGAN CHASE & CO"; - 12/01/04 04/20%96 3,400.69 3 05430 346 39 LT159.0000 JPMORGAN CHASE & CO,'- 12/20/04 04/20706 6,758.88

,6,145.35

.613.53 LT

115.0000 JPMORGAN CHASE & COQ 12/23/04 04%20Y0^6 4,888.50 4,513.75 374.75 LT179.0000 JPMORGAN CHASE & CO'' 12/29/04 04/20%06 7,609.06 6,986.37 622.69 LT50.0000 JPMORGAN CHASE & CO- 03/09/05 04`/20%06 2,125.43 1,827.23 298.20 LT111.0000 JPMORGAN CHASE & CO 04/01/05 04/20/06 4,718.46 3,818.40 900.06 LT150.0000 JPMORGAN CHASE & CO 04/27/05 04720/06 6,37611 5,351.76 1 024.55 ST87.0000 JPMORGAN CHASE & CO 06/17/05 ---04/20/06 3;69'826 3,12591

,572 35 ST

134.0000 JPMORGAN CHASE & CO 06/27/05 `04/20/06 5,69'6:.18 4 77843.

917 75 ST409.0000

10

JOY GLOBAL INC DEL COM 02/02/06 04/20/06 28,69;$?64,

21,882.20.

6 816.44 ST139.0000 JOY GLOBAL INC DEL CC), 03/01/06 04/20/06 9,75333 7,936.51

,1,816.82 ST

16.0000 JOY GLOBAL INC DEL COI51 03/14/06 04/20/06 1,12Z69' 907.46 215 23 ST64.0000 JOHNSON AND JOHNSON, COM 06/27/05 04/20/06 3,729.80 4,203.53

.(473.73) ST

86.0000 JOHNSON AND JOHNSON COM 08/05/05 04/20/06 5,011.93 5,479.05 (467.12) ST75.0000 JONES APPAREL GP INC COM 02/04/04 04/20/06 2,588.26 2,592 01 (3 75) LT44.0000 JONES APPAREL GP INC COM 12/20/04 04/20/06„ 1,518.44 1,56860 (50.16) LT34.0000 JONES APPAREL GP INC COM 12/23/04 04/20/06 1,173.34 1,203 26 (29.92) LT50.0000 JONES APPAREL GP INC COM 12/29/04 04/20%06 1,725.50 1,809 14 (83.64) LT2.0000 JONES APPAREL GP INC COM 04/01/05 04/20/06 69.02 66 04 2.98 LT

36.0000 JONES APPAREL GP INC COM 04/27/05 04/20/06 1,242.36 1,14732 95.04 ST30.0000 JONES APPAREL GP INC COM 06/06/05 04/20/06 1,035.30 959.13 76.17 ST25 0000 JONES APPAREL GP INC COM 06/17/05 04/20/06 862x75 798 00 64 75 ST54.0000• JONES APPAREL GP INC COM 06/27/05 04/20/06; 1,863:.55 1,66266 200.89 ST27.0000 JONES APPAREL GP INC COM 08/05/05 04/20/06 931.77 787 32 144.45 ST


E.- 00206259 337 of 365 Year Ending 12/31/06 I ÎII^Î II^^ ÎIII IIII^ 11W

IIhlllIl Il1Ii iIi

Merrill Lynch

HE JOAN MITCHELL

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Quantity Security Description Date of Acquisition Date, of„Liquidation Sale Price Cost Basis Gain or (Loss)

50.0000 JONES APPAREL GP INC CJ 1 08/,08/05 04/20/06 1,725.51 1,456.93 268.58 ST90.0000 JONES APPAREL GP INC COM 0971'5/05 04/20/06 3,105.92 2,516.63 589.29 ST98.0000 JONES APPAREL GP INC CQM 09/23/05 04/20/06 3,382.00 2,742.04 639.96 ST14.0000 JONES APPAREL GP INC CO,W1 10/12/05 04/20/06 483.14 377.16 105.98 ST40.0000 JONES APPAREL GP INC CQlv1' 01/23106- 04/20/06 1,380.41 1,240.40 140.01 ST

• 81.0000 JONES APPAREL GP INC CONI 01/24'/06` 04/20/06 2,79'533 2,505.33 290.00 ST32.0000 JONES APPAREL GP INC CQM 03/•4/06 •04/20/06 1,104.33 958.72 145.61 ST72.0000 JOHNSON ELEC HLDG SPNADR 03/29/05 03/29/06 689.57 643.59 45.98 ST24.0000 JOHNSON ELEC HLDG SPNADR 04/6,1405 03/29/06 229.85 218.40 11.45 ST

225.0000 JOHNSON ELEC HLDG SPNADR 0.4/27/05 03/29/06 1 2,154.91 2,058.75 96.16 ST99 0000 JOHNSON ELEC HLDG SPNAD,R 06717/05 03/29/06 948.17 905.84 42.33 ST30.0000 JOHNSON ELEC HLDG SPNADR 06/17/05 04/20/06 269.99 274.51 (4.52) ST

315 0000 JOHNSON ELEC HLDG SPNA^DR 06/227/05 04/20/06 2,834.9'1 2,929.50 (94.59) ST158.0000 JOHNSON ELEC HLDG SPNADR 08/05/05 04/20/06 1,421.95 1,516.80 (94.85) ST115.0000 JOHNSON ELEC HLDG SPIJADR 09/23/05 04120/06 1,034.96 1,058 00 (23.04) ST21.0000 JOHNSON ELEC HLDG SP.NADR 10/12/05 04/,20%6 188.99 195.30 (6.31) ST88.0000 JOHNSON ELEC HLDG S}I DR 01/23/06 04/20/0,6 791.98 871.20 (79.22) ST

106.0000 JOHNSON ELEC HLDG SPNADR 01/24/06 04/20/06 953 98 1,044.10 (90.12) ST53.0000 JOHNSON ELEC HLDG SFNADR 03/14/06 04/20/06, 476.99 506.15 (29.16) ST

113.0000 KAWASAKI HVY INDS SPDADR 04/27/05 04/20/,06 1,581.95 870.10 711.85 ST92.0000 KAWASAKI HVY INDS SPDADR 06/17/05 04/20%06 1,287.95 713.00 574.95 ST

224.0000 KAWASAKI HVY INDS SPDADR 06/27/05 04/20/06 3,135.90 1,680.00 1,455.90 ST113.0000 KAWASAKI HVY INDS SFDADR 08/05/05 04/20/06 1,581.95 881.40 700.55 ST233.0000 KAWASAKI HVY INDS'S'PDADR 09/23/05 04/20/06 3,261.90 2,166.90 1 095.00 ST41.0000 KAWASAKI HVY INDS SFDADR 10/12/05 04/20/06 573:98 412.05

,161.93 ST

• 77.0000 KAWASAKI HVY INDS SPDADR 01/23/06 04/20/06 1,07,7t97 1,089.55 (11.58) ST75.0000 KAWASAKI HVY INDS SPDADR 01/24/06 04/20/06 1,049:97 1,057.50 (7 53) ST42 0000 KAWASAKI HVY INDS SPDADR 03/14/06 04/20/06 587.99 567.00 20.99 ST131.0000 KINGFISHER PLC SP ADR 02/04%04 03/29/06 1,09646 1,37550 (279.04) LT80.0000 KINGFISHER PLC SP ADR 09/23'04 03/29/06 669 59 896.77 (227 18) LT124 0000 KINGFISHER PLC SP AD'R 12'20%04 03/29/06 1,037 87 1,519.00 (481.13) LT94.0000 KINGFISHER PLC SP ADR 12/23/04 03/29/06, 786.77 1,142 10 (355 33) LT140 0000 KINGFISHER PLC SP ADR 12%29/04 03/29706 1,171 79 1,708.00 (536.21) LT

6 0000 KINGFISHER PLC SP ADR 04/01/05 03/29/06 50 22 66 60 (16.38) ST45 0000 KINGFISHER PLC SP ADR 04/27/05 03/29/06 376 66 44550 (68 84) ST51 0000 KINGFISHER PLC SPADR 04/27/05 04/20/06 418.18 504 90 (86.72) ST54.0000 KINGFISHER PLC SP ADR 06%17%05 04/20/06 442.78 499 50 (56 72) ST134 0000 KINGFISHER PLC SP ADR 06/27/05 04/20/06 1,098.76 1,23280 (134 04) ST350 0000 KINGFISHER PLC SP ADR 08/05/05 04/20/06 2,869.91 3,201 31 (331 40) ST295 0000 KINGFISHER PLC SP ADR 09/23/05 04/20/06• 2,418.92 2,38230 36 62 ST

PLEASE SEE REVERSE SIDE- Page Statement Period

x 00206260 338 of 365 Year Ending 12/31/06

130900 t; at ultfi,^,-,x

Merrill Lynch

IHE JOAN MITCHELL

t-. bl to

K1'a4", :t.Sr it.1. : .7`''u..,..^` ^. . 't•'nt ^.;^;.4

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^^^Fî:s•cal S^tâtea ^ ^•ê.nt:^^:_^^.^ - ^^:,.-^^^=^^:-^^1 .? ^l '' ^ i t i ,'^ kr ., .. ^ t1 ^£-^{y,`, `"$` ^ ^ "-• ^[, ;Il,è 1_^ ;^J,61ti 'w4 tttt^ Y ^ .

^ iS j^,. .,1•i ;,^îeti7 î -. ^'ti •Yn, +l ^-^_. °,^^ ...i,.:^ ,^^+'rwi ..^Ck. '."y ^_^ 1.^:..1^ ib1•<d:'... ^zi •a. •. ,7+, '-k'_l,'5=^.

REALIZED CAP-ITA'L GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition "D'at'e,of,Liquidation Sale Price Cost Basis Gain or (Loss)

32.0000 KINGFISHER PLC SP ADR 10/.12/05 '04/20/06 '262:39 241.60 20 79 ST410.0000 KINGFISHER PLC SP ADR" 11/08/05 .04/20/06 3,361790 3,258.27 103.63 ST460.0000 KINGFISHER PLC SP AD'IR 12/07/05 -04/20/06 3,771.89 3,611.32 160.57 ST30.0000 KINGFISHER PLC SP ADR 01/23/06 04/20/06 245.99• 258.00 (12.01) ST

•311.0000124.0000

KINGFISHER PLC SP ADRKINGFISHER PLC SP ADR,

01/24/0603/14706

04/20/0604/20/06

2;55p 1.31,016.78

2,674.601,122.20

(124.47)(105.42)

STST

16.0000 KONINKL PHIL E NY SH NEW 02/04/04 :0,4/20/06 545.33 481.58 63.75 LT68.0000 KONINKL PHIL E NY SH NEW 12/20/04 ;04/20/06 2,317.68 1,757.12 560.56 LT51.0000 KONINKL PHIL E NY SH NEW 12/23/4 04/20/06 1,738.26 1,335.18 403.08 LT77.0000 KONINKL PHIL E NY SH NEW 12/29/04 04/20/06 2,624.43 2,036.65 587.78 LT3.0000 KONINKL PHIL E NY SH NEW 04/01-'%05 04/20/06 102.25 80.49 21.76 LT

52.0000 KONINKL PHIL E NY SH NEW 04/27/05 04/20/06 1;772.34 1,293.24 479.10 ST31.0000 KONINKL PHIL E NY SH NEW 06/17/05 04/20/06 1,056.59 807.86 248.73 ST73.0000 KONINKL PHIL E NY SH NEW 06/27/05 04/20/06 2,488.10 1,851 28 636.82 ST37.0000 KONINKL PHIL E NY SH NEW 08/05/05 04/20/06 1,261.09 991.60 269.49 ST77.0000 KONINKL PHIL E NY SH NEW 09/23/05 04/20/06 2,624.44 2,025.10 599.34 ST12.0000 KONINKL PHIL E NY SH NEW 10/12/05 04/20/06 409.00 304.56 104.44 ST9.0000 KONINKL PHIL E NY SH NEW 01/23/06 04/2U/.06 306.75 285.57 21.18 ST

77.0000 KONINKL PHIL E NY SHg'NEW 01/24/06,

04/20/,06 2,624.44 2,470.16 154.28 ST25.0000 KONINKL PHIL E NY SH' NEW- 03/14/06 04/20106 852.10 798.50 53.60 ST6.0000 KOHLS CORP WISC PV.1CT 12/20/04 041,20/06 322.96 275.21 47.75 LT

84.0000 KOHLS CORP WISC PVICT 12/23/04 0420/06 4,521.58 3,942.12 579.46 LT123 0000 KOHLS CORP WISC PV''1CT 12/29/04 04/20/06 61620.88 5,942.13 678.75 LT

7.0000 KOHLS CORP WISC PV'1'CT 04/01/05 04/20/06 376.79 360.15 16.64 LT17.0000 KOHLS CORP WISC PV •1CT 06/27/05 04/20/06 9115.08 939.59 (24 51) ST

• 89 0000 KOHLS CORP WISC PV 16T 08/05/05 04/20/06 4,790:7,2 4,869.19 (78.47) ST86 0000 KOHLS CORP WISC PV 1CT 09/23/05 04/20/06 4,629:24 4,273.34 355 90 ST7.0000 KOHLS CORP WISC PV 1CT 10/12/05 04/20/06 376.79 320.60 56.19 ST

34.0000 KOHLS CORP WISC PV 10T 01/23/0,6 04/20/06 1,830.17 1,471.86 358.31 ST96.0000 KOHLS CORP WISC PV 1CT 01/24/06 04/20/06 5,167.54 4,151.04 1,016.50 ST8.0000 KOHLS CORP WISC PV 1CT 03/t4/06 04/20/06 430.63 414.32 16.31 ST

947.0000 LSI LOGIC CORP 04/05/06 04/20/06 9,592.81 10,954.42 (1,361.61) ST32 0000 LEHMAN BROTHRS HLDGS COM 04/27/05 04/20/06 4,960.40 2,985.60 1,974.80 ST15 0000 LEHMAN BROTHRS HLDGS COM 06/17/05 04/20/06 2,325.19 1,443.00 882.19 ST35.0000 LEHMAN BROTHRS HLDGS COM 06/27/05 04/20/06 5,425.44 3,414 95 2,010.49 ST17.0000 LEHMAN BROTHRS HLDGS COM 08/05/05 04/20/06 2,635.21 1,753.55 881.66 ST38 0000 LEHMAN BROTHRS HLDGS COM 09/23/05 04/20/06 5;890.48 4,356.32 1,534 16 ST7.0000 LEHMAN BROTHRS HLDGS COM 10/12/05 04/20/06 1,085.08 749.35 335 73 ST

1340000' LEHMAN BROTHRS HLDGS COM 01/12/06 04/20/06 20,771.71 18,195.12 2,57659 ST15 0000 LEHMAN BROTHRS HLDGS COM 01/23/06 04/20/06 2,325.19 2,05425 270 94 ST

PLEASE SEE REVERSE SIDEPa ge

X 00206261 339 of 365 YearPeriod

Ending 1231/06 I IIIIIII IIII VIII IIIII VIII VIII VIII IIIÎ III II1 r{/

ILA,

6^ Merrill Lynch

HE JOAN MITCHELL

REALIZED CAR,IYTAL GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition Datb.6f^Liquidation Sale Price Cost Basis Gain or (Loss)

31.0000 LEHMAN BROTHRS HLD66C01M 01/24/06c 04/20/06 4;805:39' 4,24235 563.04 ST146.0000 LEHMAN BROTHRS HLDGSCOM 02/15/Q6: 04/20/06 2'2;631':89 20,934 94 1,696.95 ST

6.0000 LEHMAN BROTHRS HLDGSr-GOM 03/14/06 Q4/20/06 930.08 870.78 59.30 ST69.0000 LIBERTY MEDIA CORP A " 06/25/03 .04/20/06 580.2.7; 566.77 13.50 LT

872.0000•140.0000

LIBERTY MEDIA CORP ALIBERTY MEDIA CORP A

02/04/0.4,06/25/04'

;04/20/06,04/20/06

7,383:291,17.7:36

6,935.561,081.61

397.73 LT95.75 LT

686.0000 LIBERTY MEDIA CORP A .' ` 12/20104 . • -04/20/06 5,769.08 6,295.61 (526 53) LT482.0000 LIBERTY MEDIA CORP A 12/23/,64° _ .44/20/06 4,053.49 4,485.16 (431.67) LT746.0000 LIBERTY MEDIA CORP A 12/29t04• 04/20/06 6,273.66 7,005.46 (731.80) LT47.0000 LIBERTY MEDIA CORP A 04/01'/.65 ' 04/20/06 395.25 417.68 (22.43) LT

523.0000 LIBERTY MEDIA CORP A 04/27-%05 = 04/20/06 4,398.29 4,531.82 (133.53) ST299.0000 LIBERTY MEDIA CORP A 06/171/05 04/20/06 2;5.14:51 2,626.58 (112.07) ST718.0000 LIBERTY MEDIA CORP A 06/27/05 04120/06 6;038°20 6,248.17 (209.97) ST361.0000 LIBERTY MEDIA CORP A 08/05/05 04120/06 3,035.92' 3,104.60 (68 68) ST853.0000 LIBERTY MEDIA CORP A 09/23/05 0.4720/06 7,173.51 6,909.30 264.21 ST167.0000 LIBERTY MEDIA CORP 10/12/05 04'(20/06 1,404.42 1,339.34 65.08 ST310.0000 LIBERTY MEDIA CORP A}:,, 01/23/06 04/20/06 2,607.02 2,514.10 92.92 ST872.0000 LIBERTY MEDIA CORP 01/24/06 04/20/06 7,333.31 7,106.80 226.51 ST300.0000 LIBERTY MEDIA CORP 03/14/06 04/20106 2,522.94 2,442.00 80.94 ST10.0000 LEGG MASON INC 12/20/04 04/20/06 1,260.96 707.41 553.55 LT45.0000 LEGG MASON INC 12/23/04 04/2606 5,674.32 3,210.75 2,463.57 LT70.0000 LEGG MASON INC '• :! 12/29/04 04/20/06 8,826.72 5,091.80 3,734.92 LT2.0000 LEGG MASON INC

A04/01/05 0'4'/20/06 =252;1;9' 154.08 98.11 LT

49.0000 LEGG MASON INC : 04/27/05 :',.04/20/06 6;178.71 3,60248 2,576.23 ST26.0000 LEGG MASON INC 06/17/05 04/20/06 3,278'50 2,231.84 1,046.66 ST

• 64.0000 LEGG MASON INC 06/27/05 04/20/06 8,0701i5 6,303 36 1,766.79 ST29.0000 LEGG MASON INC 08/05/05, 04/20/06 3,656:];8' 2,964.38 692.40 ST72.0000 LEGG MASON INC 09/23/05-- 04/20/06 9,078.92; 7,841.52 1,237.40 ST11.0000 LEGG MASON INC 10/1-2/05' 04/20/06 1,387.05 1,103.85 283.20 ST27.0000 LEGG MASON INC •;.,- 01/23/06 04/20/06 3,404.59 3,533.49 (128.90) ST55.0000 LEGG MASON INC 01/24/06 04/20/06 6,935.29 7,195.10 (259.81) ST88.0000 LEGG MASON INC 03/10/06 -04/20/06 11,096.48 11,025.96 70 52 ST16 0000 LEGG MASON INC 03/14/06 •04/20106 2,017.55 2,02448 (6 93) ST

190.0000 LOWE'S COMPANIES INC 08/10/05 04/20/06 12;079 55 12,442 99 (363.44) ST124.0000 LOWE'S COMPANIES INC 09/22/05 04/20/06 -7883.50 7,965.93 (82.43) ST81.0000 LOWE'S COMPANIES INC 09/23/05 04/20/06 5149.70 5,346 81 (197.11) ST13 0000 LOWE'S COMPANIES INC 10/12/05 04/20/06 ^ 826:49 790.79 35 70 ST35.0000 LOWE'S COMPANIES INC 01/23/06 04/20/06 2,225:48 2,215.85 9.33 ST79.0000 LOWE'S COMPANIES INC 01/24/06 04/20/06 5,022.57 5,01097 11 60 ST11 0000 LOWE'S COMPANIES INC 03/14/06 04/20/06 699.35 742.28 (42 93) ST


00206262 340 of 365 Year Ending 12/31/06

6060D ' 101VAi^1 1

Merril[ n h

HE JOAN MITCHELL

Wx K ,e. t ^}y

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^ y,kê . _- ' 1^:t,.-?t-. ;t•93y je ^'^ 1 ^°a3- ::. `^^^. 1!' _ _ _^>' '^+yS.^ ,;^ ^y`t,


Date of Acquisition D"atecofb,Liquidation Sale Price Cost Basis Gain or ( Lo

16.0000 MARTIN MARIETTA MATLS,, 02/04/04 -'IOz4 /20/06 1,78842 709.92 1,078.5039.0000 MARTIN MARIETTA MATLS^_ 12/20/04 04'/20 /06 4;358c'2'8'' - 2,011 . 23 2,348.0530.0000 MARTIN MARIETTA MAT66'• 12/23/04 64/20/06 3,353.29 1,574 . 70 1,778.5943.0000 MARTIN MARIETTA MAT1S:- 12/29/04 04/20/06 4;806,39 2,298.78 2,507.613.0000 MARTIN MARIETTA MATLS=• 04/01/05 04/20 /06 '385:32r 168 .90 166.42

• 31.0000.

MARTIN MARIETTA MATLS '. 04/27 /05 04/20/06'''

3;465/07 1 , 744.68 1 , 720.3918.0000 MARTIN MARIETTA MATT=S< 06/•1.7'/05 /20/06 2,011.98 1,217.34 794.6442.0000 MARTIN MARIETTA MATLS 06/27/05 =x'04/20/06 4,694.62 2 , 846.34 1,848.2814.0000 MARTIN MARIETTA MATLS 08/05/65 04/20/06 1,564.87 966 . 14 598.7346.0000 MARTIN MARIETTA MATLS 09/23/65 04/20/06 5,141.73 3 , 334.08 1,807.656.0000 MARTIN MARIETTA MATLS 10112/05 04/20/06 670.66 429.42 241.24

20.0000 MARTIN MARIETTA MATLS 01/23/06 04/20/06 2;235 . 53 1,613.80 621.7336.0000 MARTIN MARIETTA MAILS 01/24/06 64/20/06 4,023,9'6 2,956.68 1,067.2815.0000 MARTIN MARIETTA MATLS• 03/14/06 04%20/06 1,676:6'6- 1,468 . 05 208.6162.0000 MOODY'S CORP 12/20/04 04720/06 4 ,417.98 2,627.87 1,790.1150.0000 MOODY'S CORP 12/23/04 04%2O/06 3 ,562.89 - 2,135.00 1,427.8978.0000 MOODY'S CORP 12 /29/04 0420/06 5, 558.10 3 , 371.55 2,186.552.0000 MOODY'S CORP 04/01/05 04120106 142.51 80 92 61.59

56.0000 MOODY'S CORP 04/27/05 04/20/06- 3 , 990.43 2 , 332.40 1,658.03184.0000 MOODY'S CORP 05/06/05 04/207166 . 13,111.44 7,793.03 5 , 318.4131.0000 MOODY'S CORP 06/17/05 04/20/06 2 , 208.99 1,425.38 783.61104.0000 MOODY'S CORP 06/27/05 04/20/06 7,410.81 4,647.76 2,763.0559.0000 MOODY'S CORP 08 /05/05 0'4/20/06 4,204: 2'1- 2,783 . 62 1,420.59107.0000 MOODY'S CORP 09/23/05 - 04/20/06 7;624f59 5,298 64 2 , 325.9518.0000 MOODY'S CORP 10/ 12/05 ' 04/20/06 1,282;64 888.84 393.8025.0000 MOODY'S CORP 01/23/06 04/20/06 1,78x1:44 1 , 576.50 204.9492.0000 MOODY'S CORP 01 /24/06 04/20/06 6,555:73 5,875.12 680.6129.0000 MOODY'S CORP 03/ 14/06 04/20/06 2 ,066 49 2 , 002.45 64.04

240.0000 MORGAN STANLEY 05/23/05 04/20/06 15 , 681.11 11,969 . 66 3,711.4517 0000 MORGAN STANLEY 06/17/05 04/20/06 1 , 110.74 876.86 233.8843 0000 MORGAN STANLEY 06/27/05 •04/20 /06 2,809 . 53 2,247.61 561.92

380.0000 MORGAN STANLEY 07 /06/05 04 /20/06 24,828.44 - " 20,342 77 4,485 67220.0000 MORGAN STANLEY 07/28/05 '04%20 /06 14,374 .37 11,751. 47 2,62290580.0000 MONSTER WORLDWIDE INC 11/22 /05 04/20/06 30,879.75 22,481.84 8,397.9111 0000 MONSTER WORLDWIDE INC 01/23/06 04/2006 585.65 452 54 133.1192.0000 MONSTER WORLDWIDE INC 01/24/06 04 /20/06 4,898.16 3,96428 933 88

274 0000 MONSTER WORLDWIDE INC 02 /03/06 04/20/06 14,588-.03 12,925 35 1 , 662.6823.0000 MONSTER WORLDWIDE INC 03 / 14/06 04 /20/06 1,224:5,5 1,11987 104.68

237.0000 ' METTLER-TOLEDO INTL INC 04/05/06 04/20 1,06- 15,045?66 14,543 98 501 6836 0000 MGIC INVT CORP WIS 02/04 /04 04/20106 2 , 53636 2 ,465 28 74 08


^XI 00206263 341 of 365 Year Ending 12/31/06 I IIIIIII IIII VIII VIII VIII VI II VIII VIII IIII IIII J=` `f`

Merrill Lynch

-HE JOAN MITCHELL

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Quantity Security Description Date of Acquisition Date of.Liquidation Sale Price Cost Basis Gain or (Loss

39.0000 MARUBENI CORP ADR 037,181,05 04/20/06 2,164.43 1 , 31230 852.13 LT3.0000 MARUBENI CORP ADR 04/01/05 04/20/06 166 . 49 97 . 95 68.54 LT

25.0000 MARUBENI CORP ADR 04/27/05 04/20/06 1 , 387.45 833.75 553.70 ST70.0000 MARUBENI CORP ADR 05/ 13/05 04 /20/06 3 , 884:88 2 , 235.77 1 , 649.11 ST22.0000 MARUBENI CORP ADR 06/ 17/05 64/20/06 1;220196 763 .40 457.56 ST

• 49.0000 MARUBENI CORP ADR 06/27/05 04 /20/06 2 , 719.41 1,685 . 60 1,033.81 ST25.0000 MARUBENI CORP A6R' 08/0005 04/20/06 1,38746 922 . 50 464.96 ST52.0000 MARUBENI CORP ADR 09 1237Q5 04/20/06 2 , 885.91 2,327.00 558.91 ST9.0000 MARUBENI CORP ADR 10/{:2%05' 04/20/06 499 . 48 417 . 15 82.33 ST

20.0000 MARUBENI CORP ADR 01 /23/0'6 04 /20/06 1 , 109.97 1 , 042.00 67.97 ST31.0000 MARUBENI CORP ADR 01%24/06 04/20/06 1 , 720.45 1,618.20 102.25 ST15.0000 MARUBENI CORP ADR 03/14/d6 04 /20/06 832 .49 741.00 91.49 ST11.0000 MASCO CORP 1272'9/04 03 /29/06 353.50 404.46 (50.96) LT13.0000 MASCO CORP 04 /01/05 03/29/06 417 . 77 448.63 (30.86) ST

142.0000 MASCO CORP 04/27/05 03/29/06 4,563.41 4,604.61 (41.20) ST83.0000 MASCO CORP 06 / 17/05 03/29/06 2 , 667.35 2,799.59 (132.24) ST91.0000 MASCO CORP 06/27/05 03/29706 2,924.45 2 , 916.54 7.91 ST

331.0000 MCDONALDS CORP 'COM 02 /04/04 04 /20/06 11,570.84 8 , 731.62 2 839.22 LT210.0000 MCDONALDS CORP COM 12/20/04 04/20/06 7 , 341.01 6,770.04

,570.97 LT

147.0000 MCDONALDS CORP COM 12/23/04 04/20706 5 , 138.71 4,736.34 402.37 LT230.0000 MCDONALDS CORP OM 12/29/04 04/20/06 - 8,040 . 16 7,454.30 585 86 LT13.0000 MCDONALDS CORP '-0COM 04/01/05 04 120/06 454.44 405 73

.48.71 LT

160.0000 MCDONALDS CORP , COM 04/27/05 04/20/06 5,593:16 4,841.60 751.56 ST92.0000 MCDONALDS CORP COM 06/ 17/05 04/20/06 3,21.606 2 , 669.84 546.22 ST

219.0000 MCDONALDS CORP ,COM 06/27/05 04/20/06 7;655.64 6,180.18 1,475.46 ST• 98.0000 MCDONALDS CORP COM 06/29/05 04 /20/06 3 , 425:'82 2 , 740.88 684 94 ST

28.0000 MINERALS TECHNOLOGIES 12/20/0 .4`. 04/20 /06 1,675:46 1,827 00.

( 151.54) LT22.0000 MINERALS TECHNOLOGIES 12/23/04 04/20/06 1 , 31644 1 ,478.84 ( 162 40) LT33.0000 MINERALS TECHNOLOGIES , 12/29/04. 04/20/06 1,974 66 2,214.63 (239.97) LT2.0000 MINERALS TECHNOLOGIES 04/,011/.05 04 /20/06 119.67 130.44 (10.77) LT

23 0000 MINERALS TECHNOLOGIES 0027705 04/20/06 1,376.27 1 , 504.89 (128.62) ST10.0000 MINERALS TECHNOLOGIES 067-17 /05 04 /20/06 - 598 38 627 90 (29.52) ST23 0000 MINERALS TECHNOLOGIES 06'%27 /05 04/20706 1,37628 1,37724 (0 96) ST8.0000 MINERALS TECHNOLOGIES 08/05/0.5 04/20/06 478 70 482 08 ( 3.38) ST

25.0000 MINERALS TECHNOLOGIES 09/23/05 04/20/06 1 , 495.96 1,45000 45.96 ST4.0000 MINERALS TECHNOLOGIES 10/1;2/05 04/20/06 239.35 212 .40 26 95 ST13.0000 MINERALS TECHNOLOGIES 01/23706 04 /20/06 777 . 90 749 . 97

.27.93 ST

21 0000 MINERALS TECHNOLOGIES 01/24%06 04/20 /06 1,256.61 1 , 204 35 52 26 ST9.0000 MINERALS TECHNOLOGIES 03/14/06 04 /20/06 538.55 505 44 33 11 ST

110.0000 MOTOROLA INC COM 05 / 18/05 04 /20/06 2,478 22 1,85351 624 71 ST


x 00206264 342 of 365 Year Ending 12/31/06

30600 1' 01 V^+^

FA7Merrill Lynch

THE JOAN MITCHELL

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Quantity Security Description Date of Acquisition Rate,of:Liquidation Sale Price Cost Basis Gain or (Loss)

90.0000 MOTOROLA INC COM 0'6708%05 04/20/06 2027:64 1.65291 374 73 ST260.0000 NAVISTAR INTL CORP NEW 12/22/05 04/20/06 7;282.37 7,302.28

.(19.91) ST

11.0000 NAVISTAR INTL CORP NEW 01/23/06 04/20/06 308.10 282 59 25.51 ST36.0000 NAVISTAR INTL CORP NEW- 01/24/06 04/20/06 1,00+8.33- 935.64 72 69 ST12.0000 NAVISTAR INTL CORP NEW 03/14/06 04/20/06 -336:1,1 344.04 (7.93) ST

200.0000 NISSAN MTR LTD SPN ADR 05/20/05 04/20/06 4,863:87 3,975.82 888.05 ST24.0000 NISSAN MTR LTD SPN ADR 06/17/05 04/20/06 583.66 489.12 94.54 ST41.0000 NISSAN MTR LTD SPN ADR 06/27-/05 04/20/06 997.09 812.62 184.47 ST

185.0000 NISSAN MTR LTD SPN ADR 07/29/05 04/20/06 4,499.09 3,880.06 619.03 ST860 0000 NINTENDO LTD ADR 10%06105 04/20/06 15,952.50 12,677.17 3,275.33 ST

8.0000 NINTENDO LTD ADR 10/12/05 04/20/06 148.39 114.00 34.39 ST170.0000 NINTENDO LTD ADR 11/08/05 04/20/06 3,153.40 2,348.38 805.02 ST320.0000 NINTENDO LTD ADR 12/07/05 04/20/06 5,935.82 4,647.20 1,288.62 ST64.0000 NINTENDO LTD ADR 01/23/06 04/20/06 1,187.16 1,136.00 51.16 ST135.0000 NINTENDO LTD ADR 01/24/06 04/20/06 2,504.18 2,409.75 9443 ST70.0000 NINTENDO LTD ADR 03/14/06 04/20/06 1,298.47 1,272.60 25 87 ST20.0000 NBTY INC 11/12/04 04/20/06 444.26 519.90 (75.64) LT40.0000 NBTY INC 12/15/04 04/6/06 888.53 935.04 (46 51) LT83 0000 NBTY INC 12/20/04 04/20/06 1,843.70 1,866.67 (22.97) LT63.0000 NBTY INC 12/23/04 04/20/06 1,399.44 1,470.42 (70.98) LT93.0000 NBTY INC 12/29/04 04/20/06 2,065.84 2,206.89 (141.05) LT6.0000 NBTY INC 04/01/05 04/20/06 133.28 149.10 (15.82) LT

66.0000 NBTY INC 04/27/05 04/20/06 1;466:08 1,426.92 39.16 ST37.0000 NBTY INC 06/17/05 04/20/06 '82.1:89 977.91 (156.02) ST89.0000 NBTY INC 06/27/05 04/20/06 1;976.98 2,241.02 (264.04) ST

• 150.0000 NBTY INC 09/20/05 04/20/06 3,332:00 3,042.92 289.08 ST116.0000 NBTY INC 09/23/05 04/20/06 2,576:-75 2,325.80 250.95 ST19.0000 NBTY INC 10/12/05 04/20/06 422:05 420.66 1 39 ST35 0000 NBTY INC 03/14/06 04/20/06 777.48 777 00 0.48 ST

520 0000 NETWORK APPLIANCE INC CA 02/16/06 04/20/06 19,697.35 17,542.15 2,15520 ST290 0000 NETWORK APPLIANCE INC CA 02/17/06 04/20/06 10,985.06 9,603.41 1,381.65 ST29 0000 NETWORK APPLIANCE INC CA 03/14/06 04/20/06 1,098.50 976.43 122 07 ST190 0000 NETWORK APPLIANCE INC CA 03/23/06 04/20/06 7,197.13 6,673.45 523.68 ST290 0000 NATIONAL-OILWELL VARCO 01/05/06 04/20/06 20,287.77 19,781 68 506 09 ST

9 0000 NATIONAL-OILWELL VARCO 01/23/06 04/20/06 629.62 672 84 (43 22) ST33 0000 NATIONAL-OILWELL VARCO 01/24/06 04/20/06 2,308.61 2,451 57 (142 96) ST94 0000 NEWELL RUBBERMAID INC 02/04/04 04/20/06 2,395.98 2,29240 103 58 LT30 0000 NEWELL RUBBERMAID INC 03/18/04 04/20/06 764.67 685.26 79 41 LT200000- NEWELL RUBBERMAID INC 12/02/04 04/20/06 509.78 461 00 48 78 LT84-0000 NEWELL RUBBERMAID INC 12/20/04 04/20/06 2,141.09 1,911.84 229 25 LT


x 00206265 343 of 365 Yearr Ending 12/31/06I ÎIIIII I II VIII Î I

IIII II

III I II

111111111111 1 1

II I • ,^}^ti [ j

Merril l Lynch

IHE JOAN MITCHELL

,_: ^,° y^+.^,^n . c^â ^.z,^^;--e "ew y^ .. ME^rF .^^rs'•^^y•t^'^^

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REALIZED CAPITAL.GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition Date ='df.Liquidation Sale Price Cost Basis Gain or (Loss)

64.0000'

NEWELL RUBBERMAID INC 12/23 /04 0;4720/06.Y•

' 11,631:3;1' 1,527.68 103.63 LT95.0000 NEWELL RUBBERMAID INC•;. 12/29 /04 04)20/06 2,421.47 2 , 27905 142.42 LT50000 NEWELL RUBBERMAID INC' 04/01/05 .04%20/06 - 127.44 109 . 65 17.79 LT

68.0000 NEWELL RUBBERMAID INC.! 04/27/05 0'.4/20/06 1,733.26, 1,452.48 280.78 ST50.0000

• 46.0000NEWELL RUBBERMAID INC, ..NEWELL RUBBERMAID INCA

05/20/0506 / 17/65

164/20 /06 '.,04/20/06

1;274:46'1 , 172:50

1,132.931,086.06

141.5386.44

STST

102.0000 NEWELL RUBBERMAID ING 06 /27/05 .', 04/20/06 2,599 . 90 2,391.90 208.00 ST55.0000 NEWELL RUBBERMAID INC 08 /05/05 '041/p20/06 1,401 . 91 1,361 25 40.66 ST195.0000 NEWELL RUBBERMAID INC 10/ 12/05- 04 /20/06 4 , 970.41 4,260 . 75 709.66 ST54.0000 NEWELL RUBBERMAID INC 01/23 /06 '-04/20/06 1,376.42 1 , 299.24 77.18 ST122.0000 NEWELL RUBBERMAID INC 01/24/06 1'04 /20/06 3 , 109.69 2 , 923.12 186.57 ST45.0000 NEWELL RUBBERMAID INC 03 / 14/06 '.,04/20/06 1 '; 147:03 1 , 154.70 (7.67) ST

450 0000 NOMURA HLDGS INC ADR 08/12/05 04'•/20/06 1 6-,`1'8313 6 , 019.42 4 , 163.76 ST350.0000 NEC CORP ADR 02 /04/04 04%20/06 2,572.41 2 , 555.00 17.41 LT40.0000 NEC CORP ADR 12/02/04 04/2b/06 293 . 99 236.51 57.48 LT

209.0000 NEC CORP ADR 12/20/04 0604/12 1 , 536.10 1 ,272.81 263.29 LT168.0000 NEC CORP ADRi. , 12/23/04 0%04/2"0/.6 1 , 234.76 1 , 018.08 216.68 LT249.0000 NEC CORP ADR 12/29/04 04/20'/0;6 1,830.09 1,513.92 316.17 LT11.0000 NEC CORP ADR,3-" 04/01/05 04/20 06 ' 80.84 66 .11 14.73 LT

171.0000 NEC CORP ADR ' 04/27/05 04 /20'/.06 1,256.81 945 . 63 311.18 ST97.0000 NEC CORP ADR 7 06/17/05 04/20/06 712 92 546.11 166.81 ST

240.0000 NEC CORP ADR 06/27 /05 0420/06 1 , 763.95 1 , 310.40 453.55 ST120.0000 NEC CORP ADR-' 08/05/05 .020/06 881;9x7: 608 .40 273.57 ST251.0000 NEC CORP 09/23 /05 44/20/06 1,844:8'0 1,385 . 52 459.28 ST41.0000 NEC CORP ADR=' rP;• 10/12/05 -04/20 /06 30.1 '. 34 226 . 32 75.02 ST

•130.0000 NEC CORP ADR•:;•,-_ 01 /23/06 04/20/06 955'4_7-

83460 120.87 ST219.0000 NEC CORP ADR '.^ • 01/24 /06 04/20/06 1 , 629Y6 .1 1,401.60 208.01 ST98.0000 NEC CORP ADR . 03/14/06 04/20/06 720:29 593 . 88 126 41 ST

770.0000 NORDSTROM INC . 02/06/06 04/20/06 30 , 170.75 ' 31,876 .46 (1,705.71) ST28 0000 NORDSTROM INC 03 / 14/06 04/20/06 1 , 097.12 1 , 150.52 (53.40) ST

530.0000 PULTE HOMES INC COATI 02/13/06 04/20/06 21 , 156.94 19,868 75 1,288.19 ST13.0000 PULTE HOMES INC COO: 03/14/06 • '64/20/06, ' 518.95 493 . 61 25.34 ST46 0000 PRUDENTIAL FINANCIAL INC 12/29/04 ''04'/20/06'' 3,513 . 83 2,539 . 66 974.17 LT2.0000 PRUDENTIAL FINANCIAL INC 04/01/05 04/20/06 152 . 77 115.12 37.65 LT

40.0000 PRUDENTIAL FINANCIAL INC 04/27 /05 04 /2066 3 , 055.50 2 , 224.40 831.10 ST21.0000 PRUDENTIAL FINANCIAL INC 06/17/05 04/20/06 1 , 604.14 1 , 34568 258.46 ST51.0000 PRUDENTIAL FINANCIAL INC 06/27 /05 04/20/06 3,895.77 3,34509 550.68 ST26.0000 PRUDENTIAL FINANCIAL INC 08/05/05 04/20/06 1,986:07 1 , 692.60 293.47 ST56 0000 PRUDENTIAL FINANCIAL INC 09/23 /05 04 /20/06 4 ,277.71 3 ,692 08 585.63 ST10 0000 PRUDENTIAL FINANCIAL INC 10/12/05 04/20/06 763 . 87 639 90 123 97 ST


00206266 344 of 365 Year Ending 12 / 31 /06 r, '

6060D 11-01

Merritt Lynch

THE JOAN MITCHELL

4•J

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Quantity

z;2

Security Description -YJ

REALIZED CARIlAL GAIN AND LOSS SUMMARY

Date of Acquisition " Date?ofiiLiquidation Sale Price Cost Basis Gain or (Loss)

250 0000 PRUDENTIAL FINANCIALiINC 01720/06 !04/20/06 19;096193 18,403.23 693.70 ST.25.0000 PRUDENTIAL FINANCIAL-INC '0.1423/06 `0'4%20/06 09049 1,857.00 52.69 ST59.0000 PRUDENTIAL FINANCIAL MG 01/24/06 04/20/06 4,506.88 4,416.15 90.73 ST23.0000 PRUDENTIAL FINANCIAL 196- 03/14/06 04/20/06 1;756:92 1,753.52 3.40 ST

•312.0000283.0000

PEPSICO INCPRECISION CASTPARTS

10/06/05.04/04' 6`

04/04/06-;04/20/06

180262''18,3E613

18,033.2816,839.38

(10.66)1,526.75

STST

40.0000 OUALCOMM INC 12/2'0/04. .--_-,0.4/20/06 2,067.93 1,723.60 344.33 LT71.0000 QUALCOMM INC 12/23%04 : ;4 `04/20/06 3,670.58 3,180 .03 490.55 LT109.0000 QUALCOMM INC 12/2970;4 04/20/06 5,635.12 4,650.93 984.19 LT

3.0000 QUALCOMM INC 04/0;11d5 - 04/20/06 155.09 107.28 47.81 LT38.0000 QUALCOMM INC '/,27/,050 -04/20/06 1,964.54 1,344.82 619.72 ST21.0000 QUALCOMM INC 406%17/05 04/20/06 1;085:66 737.94 347.72 ST51.0000 QUALCOMM INC 06/27/05 04/20/06 2,636T62 1,714.61 922.01 ST29.0000 QUALCOMM INC 08/05/05 04/20/06 1,499.25 1,141.15 358.10 ST

240.0000 QUALCOMM INC 09/09/05 0420/06 12,407.63 10, 189.03 2 ,218.60 ST148.0000 QUALCOMM INC 09/20/05 04`/20/06 7,651.38 6,513.68 1,137.70 ST180.0000 REUTERS GROUP PLC ADR 01/06/06 006466i 7,480.20 8,519.17 (1,038.97) ST90.0000 REUTERS GROUP PLC ADR 01/23/06 04/2Q%06 3,740.10 4,075.24 (335.14) ST36.0000 REUTERS GROUP PLC ADR 01/24/06 04/20/Q6 1,496.04 1,621.80 (125.76) ST139.0000 REUTERS GROUP PLC'ADR 03/07/06 04/,20%06 5,776.39 5,658.30 118.09 ST10.0000 REUTERS GROUP PLC+A,DR 03/14/06 04/20/06 415.57 414.60 0.97 ST40.0000 RAYTHEON CO DELAWARE NEW 03/09/04 04/20/06 1,835.17 1,243.05 592.12 LT90.0000 RAYTHEON CO DELAWARE NEW 03/16/04 04/20/06 4 1,291:4 2,700.06 1,429.08 LT70.0000 RAYTHEON CO DELAWARE NEW 03/18/04 04/20/06

,3;2.1+1`.'55 2,097.31 1,114.24 LT

127.0000 RAYTHEON CO DELAWARE-NEW 12/20/04 04/20/06 5,826:68 4,900.93 925.75 LT89 0000 RAYTHEON CO DELAWARE NEW 12/23/04 04/20/06 411683:26

'3,471.00 612.26 LT

139.0000 RAYTHEON CO DELAWARE-NEW 12/29/04 04/20/06 6,3717 23 5,427.95 949.28 LT8.0000 RAYTHEON CO DELAWARE4NEW 04/01/05 04/20/06 367x03 311 20 55.83 LT

96.0000 RAYTHEON CO DELAWARE'NEW 04/27'/05 04/20/06 4,404.42 3,552.96 851.46 ST56.0000 RAYTHEON CO DELAWARE NEW 06/1+7.105 04/20/06 2,569.24 2,218.16 351.08 ST136.0000 RAYTHEON CO DELAWARE NEW 06/27/05 04/20/06 6,239.60 5,284.51 955.09 ST64 0000 RAYTHEON CO DELAWARE-NEW 08/05/05 04/20/06 2,936.28 2,509.44 426 84 ST157 0000 RAYTHEON CO DELAWARE NEW 09/23/05 04`/20`/06 7,203.07 5,838.83 1,36424 ST32.0000 RAYTHEON CO DELAWARE NEW 10/12/05 04/20/06 1,468.14 1,162.88 305.26 ST650000 RAYTHEON CO DELAWARE NEW 01/23/06 04/20/06 2,982.16 2,626.65 355.51 ST

157 0000 RAYTHEON CO DELAWARE NEW 01/24/06 04/20/06 7,203 08 6,396.18 806 90 ST52 0000 RAYTHEON CO DELAWARE NEW 03/14/06 04/20/06 2,38534 2,337 92 47 82 ST53 0000 RADIOSHACK CORP 12/29/04 04/20/06 953.44 1,726.21 (772 77) LT3 0000' RADIOSHACK CORP 04/01/05 04/20/06 53:96 73 50 (19.54) LT

170'0000 RADIOSHACK CORP 04/25/05 04/20/06 3,058.20 4,19341 (1,135 21) ST

PLEASE SEE REVERSE SIDEPeriodPage

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Quantity Security Description D ate of Acquis ition Date of.Liquidation Sale Price Cost Basis Gain or (Loss

77.0000 RADIOSHACK CORP 04/27/05 04/20/06 1,385.1',8 1,926.54 (541.36) ST26.0000 RADIOSHACK CORP 06117/05 04/20/06 467.72 638.04 (170.32) ST60.0000 RADIOSHACK CORP 06/27/05 04/20/06 1,079.36 1,390.20 (310.84) ST32.0000 RADIOSHACK CORP 08/05/05 .04/20/06 575.66 809.60 (233.94) ST40.0000

•RADIOSHACK CORP 08/08/05• 04/20/06 71,9.58 1,026.16 (306.58) ST

30.0000 RADIOSHACK CORP 09/12/65 04/20/06 539.68 774.14 (234.46) ST83.0000 RADIOSHACK CORP 09/23%05 04120/06 1,493.12 2,020 22 (527.10) ST13.0000 RADIOSHACK CORP 10/12%05 04/20/06 233.86 305.76 (71.90) ST

100.0000 RADIOSHACK CORP 11/17'/25 04/20/06 1,798.95 2,257.93 (458.98) ST70.0000 RADIOSHACK CORP 01/05/06 04/20/06 1,259.27 1,517.66 (258.39) ST41.0000 RADIOSHACK CORP 01/23/06 04/20/06 737.57 919.22 (181.65) ST108.0000 RADIOSHACK CORP 01/24/06 04/20/06 1,942.87 2,424.60 (481.73) ST38.0000 RADIOSHACK CORP 03/14/06 04/•20/06 683.61 718.20 (34.59) ST30.0000 REGIS CORP MINN 11/17/04 04/06/06 996.10 1,396.65 (400.55) LT14.0000 REGIS CORP MINN 12/20/04 04/06/06 464.84 628.18 (163.34) LT12.0000 REGIS CORP MINN 12/23/04 04706/06 398 44 549.12 (150.68) LT19.0000 REGIS CORP MINN 12/29/04 04/061,06 630.86 885.59 (254.73) LT50.0000 REGIS CORP MINN 01/05/05 04/06/,06 1,660.17 2,046.21 (386.04) LT4.0000 REGIS CORP MINN 04/01/05 04/06f06' 132.81 161.88 (29.07) LT

23.0000 REGIS CORP MINN 04/27/05 04/06%06 763.67 835.59 (71.92) ST20.0000 REGIS CORP MINN 06/06/05 04706/06 664 06 778.48 (114.42) ST18.0000 REGIS CORP MINN 06/17/05 04106/06

'597.66 701.10 (103.44) ST

35.0000 REGIS CORP MINN 06/27/05 /06/060:4 1,1:62:12 1,342.25 (180.13) ST30.0000 REGIS CORP MINN 07/18/05 _ 04/06/06 996 10 1,225.55 (229.45) ST16.0000 REGIS CORP MINN 08/05/05 - - 04/06/06 531.25 640.32 (109.07) ST

• 45.0000 REGIS CORP MINN 09/23/05 04/06/06 1,494.1'6 1,758.60 (264.44) ST7.0000 REGIS CORP MINN 10/12/05 04/06/06 232:42 252 07 (19.65) ST

23.0000 REGIS CORP MINN 01/23•%06 04/06/06 763.68 931 27 (167.59) ST40 0000 REGIS CORP MINN 01/24/06

`04/06/06 1,328 15 1,633.20 (305.05) ST

16 0000 REGIS CORP MINN 03/14/06 04/06/06 531 27 608.96 (77.69) ST60.0000 REYNOLDS&REYNOLDS A 12/20/04 04/05/06 1,71537 1,45554 259 83 LT25 0000 REYNOLDS&REYNOLDS A 12/23/04 04/05/06 714 75 609 99

.104.76 LT

53 0000 REYNOLDS&REYNOLD5 A 12/23/04 04/20/06 1,60849 1,29321 315 28 LT117 0000 REYNOLDS&REYNOLDS A 12/29/04 04/20/06 3,550 82 3,08215 468.67 LT

6 0000 REYNOLDS&REYNOLDS A 04/01/05 04/20/06 182 09 161.58 20.51 LT83.0000 REYNOLDS&REYNOLDS A 04/27/05 04/20/06 2,518.96 2,207 13 311 83 ST48 0000 REYNOLDS&REYNOLDS A 06/17/05 04/20/06 1,456.75 1,30848 148 27 ST111-0000, REYNOLDS&REYNOLDS A 06/27/65 04/20/06 3,368.74 2,983 68 385 06 ST52.0000 REYNOLDS&REYNOLDS A 08/05/05 04/20/06 1,578.14 1,476 80 101.34 ST87 0000 REYNOLDS&REYNOLDS A 09/23/05 04/20/06 2,640 36 2,355 09 285 27 ST


x 00206268 346 of 365 Year Ending 12/31/06

Faeoo i i ')L

6^S Merril l synch

THE JOAN MITCHELL

[ 1^ ^y

, ','. t: ^

.7RY,^ ^`N i

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REALIZED CAFITAL,GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition Date> i Liquidation Sale Price Cost Basis Gain or (Loss)

13.0000 REYNOLDS&REYNOLDS A 110%1'2%05 04/20/06 394 . 53 343 . 07 51.46 ST38.0000 REYNOLDS&REYNOLDS A 011%23%06 04/20/06 1 , 15326 1 , 096.30 56.96 ST90.0000 REYNOLDS&REYNOLDS A 01/24 /06 04 /20/06 2 , 731.42 2 , 581.20 150.22 ST33.0000 REYNOLDS&REYNOLDS A 03/14 /06 04/20/06 1,001.53 908.16 93.37 ST

•78.000046.0000

SUEZ ADRSUEZ ADR

02/04/0412 /20'/04

04/20/0604 /20/06

3 , 016.161 778:76

1,602 . 331541 23

1,413 83 LT624 53 LT

35.0000 SUEZ ADR,

12 /23'/04 •04/20/06,

1,353.40, .906.71

.446.69 LT

51.0000 SUEZ ADR 12/29%04 04 /20/06 1 , 972.11 1,326.10 646.01 LT3.0000 SUEZ ADR 04/0j'1W/05 04 /20/06 116.00 79.00 37.00 LT

35.0000 SUEZ ADR 04/27!/.05 04/20/06 1,353.41 920 . 57 432.84 ST20.0000 SUEZ ADR 06/47'/.95 04 /20/06 773.37 533 . 04 240.33 ST49.0000 SUEZ ADR 06/27!05 04/20/06 1,894.77 1 , 278.51 616.26 ST25.0000 SUEZ ADR 08 /05/05 04/20/06 966 .72 667.80 298.92 ST52.0000 SUEZ ADR 09/23/05 04 /20/06 2 , 010.78 1 ,471.70 539 08 ST8.0000 SUEZ ADR 10/ 12/05 04/20/06 309.35 226.96 82.39 ST

18.0000 SUEZ ADR 01 /23/06 04/26/06 696 . 04 636.48 59.56 ST540000 SUEZ ADR 01 /24/06 04/20/06 2 , 088.13 1 , 906.74 181.39 ST21.0000 SUEZ ADR 03/ 14/06 04/2016 812 . 06 898.38 (86.32) ST160.0000 ST JUDE MEDICAL INC 04 /20/05 04 /04106 6 , 612.29 6 , 346.38 265.91 ST83.0000 ST JUDE MEDICAL INC 04/22/05 04/04706 3 , 430.13 3 , 338.50 91.63 ST47.0000 ST JUDE MEDICAL INC 04/22/05 04/05706 1,692.42 1,89049 ( 198 07) ST43.0000 ST JUDE MEDICAL INC 04/27/05 04 /05/06 1 , 548.38 1 , 677.25 ( 128.87) ST130.0000 ST JUDE MEDICAL INC 05/25/05 04/05/06 4,681.16 5 , 338.94 (657.78) ST40.0000 ST JUDE MEDICAL INC 06 /17/05 04/05/06 1,440.36 1,598.40 ( 158.04) ST

0 89.000056.0000

ST JUDE MEDICAL INCST JUDE MEDICAL INC

06 /27/0508/05/05

04 /05/0604/05/06

3 ,204.802 , 016;50

3,827.892 , 604.00

(623 09) ST(587.50) ST

87.0000 ST JUDE MEDICAL INC 09 /23/05 04 /05/06 3,132:78 4,023.75 ( 890.97) ST15.0000 ST JUDE MEDICAL INC 10/12/.05 04 /05/06 540 . 1 '3 661.20 (121.07) ST41.0000 ST JUDE MEDICAL INC 01/23/06 04/05/06 1,476.37 2 , 173.82 ( 697.45) ST95.0000 ST JUDE MEDICAL INC 01/24/06 04 /05/06 3 , 420.87 5 , 137.60 (1,716 73) ST27.0000 ST JUDE MEDICAL INC 03 1 1"4/06 04/05/06 972.25 1,22040 ( 248 15) ST

390.0000 SANDISK CORP INC 04 /05/06 04/20/06 25 ,454.55 23 ,451.60 2,002.95 ST410 0000 STMICROELECTRONICS NY SH 06/03/05 04 /20/06 7,851 25 6 , 513.63 1 ,33762 ST33 0000 STMICROELECTRONICS NY SH 06 / 17/05 04 /20/06 631 93 539 55 92.38 ST83.0000 STMICROELECTRONICS NY SH 06 /27/05 04/20/06 1 , 589.40 1 , 30227 287.13 ST40.0000 STMICROELECTRONICS NY SH 08/05/05 04 /20/06 765.97 680 80 85.17 ST87.0000 STMICROELECTRONICS NY SH 09/23/05 04/20/06 1,666 . 00 1,441 59 22441 ST12.0000 STMICROELECTRONICS NY SH 10/12/05 04 /20/06 229.79 195 12 34 67 ST

180.0000 ' STMICROELECTRONICS NY SH 12/07/05 04/20/06 3 , 446.90 3 , 31301 133 89 ST47'0000 STMICROELECTRONICS NY SH 01 /23/06 04/20/06 900 02 894 41 5.61 ST


t lex oozaszss 347 0 365 Year Ending l 231/06 I IIIIIII IIII VIII VIII VIII VIII VIII VIII III I^^ I

4

Merrill Lynch

IRE JOAN MITCHELL

Descr

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REALIZED CAPFTA$"GAIN AND LOSS SUMMARY

Date of idation Sale Price Cost Basis Gain o r (Louisition

131.0000 STMICROELECTRONICS N.YSH43.0000 STMICROELECTRONICS N)(.SH98.0000 SUMITOMO TR & BKG SPDADR

500.0000 SUMITOMO TR & BKG SPDADR594.0000 SUMITOMO TR & BKG SPDADR

•364.0000 SUMITOMO TR & BKG SPDXDR206.0000 SUMITOMO TR & BKG SP6A•DR509.0000 SUMITOMO TR & BKG SPDADR255.0000 SUMITOMO TR & BKG SPDADR534.0000 SUMITOMO TR & BKG SPDADR84.0000 SUMITOMO TR & BKG SPDADR

229.0000 SUMITOMO TR & BKG SPDADR284.0000 SUMITOMO TR & BKG SPDAIR160.0000 SUMITOMO TR & BKG SPDADR23.0000 SCHERING AG ADR.10.0000 SCHERING AG ADR,27.0000 SCHERING AG ADR'17.0000 SCHERING AG AMR25.0000 SCHERING AG ADR'31.0000 SCHERING AG ADR•22.0000 SCHERING AG AE13.0000 SCHERING AG ADR31.0000 SCHERING AG ADR15.0000 SCHERING AG APR33.0000 SCHERING AG ADR5.0000 SCHERING AG ADR

11.0000 SCHERING AG ADR34.0000 SCHERING AG ADR14.0000 SCHERING AG ADR

320.0000 SERONO S A. SPONSORD•ADR160.0000 SERONO S.A. SPONSORD;ADR117.0000 SERONO S A. SPONSORD ADR14 0000 SERONO S A. SPONSORD ADR32.0000 SERONO S A. SPONSORD ADR77.0000 SERONO S A SPONSORD ADR33.0000 SERONO S.A. SPONSORD ADR

600.0000 SUMITOMO CORP SP ADR41.0000, SUMITOMO CORP SP ADR61.0000 SUMITOMO CORP SP ADR31 0000 SUMITOMO CORP SP ADR


x1 00206270 348 of 365 Year Ending 12/31/06

01/24/06 Y04/20/06 2,508:58 2,521.75 (13.17) ST03/1.4/06 0,4'/20/06 823:43 745.62 77.81 ST12/29/04 "•,04/20/06 1,077.96 700.70 377.26 LT02/14/05 04/20/06 5,499:83-, 3,470.45 2,029.38 LT04/01/05 =04/20/06 6;53380; , 3,950.10 2,583.70 LT04/27%/05 04/20/06 4,d03ti87 2,275.00 1,728.87 ST06/171/05 .-` 04/20/06 2,265.93 1,297.80 968.13 ST06/27'%0'5, •,,;I04%20/06 5,598.83 3,155 80 2,443.03 ST08/05/Q'S • 04/20/06 2,804.91 1,606.50 1,198.41 ST09/23%05 04/20/06 5,873.82 4,085.10 1,788.72 ST10/12/05 - .04/20/06 923.97 676.20 247.77 ST01/23/06 64/20/06 25148.92 2,164.05 354.87 ST01/24/06 0,4/20/06 3,123:91- 2,825.80 298.11 ST03/14/06 04'/20/06 1,759.96 1,672.00 87.96 ST04/23/04 04/20/06 2,407.33 1,126.09 1,281.24 LT10/27/04 04(20'/,06 1,046.66 - 642.17 404.49 LT12/20/04 04/20106 2,826.00 2,000.70 825.30 LT12/23/04 04/20%06- 1,779.33 1,260.55 518.78 LT12/29/04 04/2 2,616.67 1,876.00 740.67 LT04/01/05 04/20%06 3,244.67 2,073.90 1,170.77 LT04/27/05 047,20106 2,302.67 1,471 80 830 87 ST06/17/05 046/06 1,360.66 832 00 528.66 ST06/27/05 0.'4'/20/06 3,24t4_e67; 1,928 20 1,316.47 ST08/05/05 04/20/06 1;570:00 960.00 610.00 ST09/23/05 -04/20/06 3;454601 2,031.48 1,422.53 ST10/12/05 - ' 04/20/06 523:`33 306.05 217.28 ST01/23/06 04/20/06 1,151k34' 753.17 398 17 ST01/24/Q6 04/20/06 3,558:68= 2,332 06

.1,226 62 ST

03/14/06 04/20/06 1,465.35 1,412.46 52.89 ST07/11/05 04/20/06 5,232.06 5,216.38 15.68 ST08/05/05 '04/20/06 2,616.03 2,71445 (98.42) ST09/23/05 04/20/06 1,91297 1,895 40 17.57 ST10/12/05 04/20/06 228.90 229 60 (0 70) ST01/23/06 04/20/06 523.20 678 72 (155 52) ST01/24/06 04/20/06 1,258.97 1,48071 (221.74) ST03/14/06 04/20/06 539.57 598 29 (58.72) ST12/16/05 04/20/06 9,029:72 7,801.14 1,228.58 ST01/23/06 04/20/06 61;7:03 522 75 94.28 ST01/24/06 04/20/06 91;8.02 789.95 128 07 ST03/14/06 04/20/06 46654 420 05 46 49 ST

6060D 11 01

^Me rril l LynchfHE JOAN MITCHELL

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Quantity Security Description Date of Acquisition Uat'e:4f3Liquidation Sale Price Cost Basis Gain or (Loss)

27.0000 SONY CORP ADR NEW 12/29/04 _'/20/06 1,368 .3:1 1 035.99 332 32 LT80.0000 SONY CORP ADR NEW 03/28!05- • 04/20/06 4;0542'7

,3,240.05

.814 22 LT

6.0000 SONY CORP ADR NEW 04/01/05 04/20/06 - 304.07 237.60 66.47 LT49.0000 SONY CORP ADR NEW 04/27/05 04/20/06 2,483.24 1,801.24 682.00 ST28.0000

• 68.0000SONY CORP ADR NEW -SONY CORP ADR NEW

06/17/0506/27/0{5

-04/20/06 - :- .A4/20/06

1;4''118.993 446':13

1,013.043722 52

405.95 ST.

`, , . 1,073.61 ST

34.0000 SONY CORP ADR NEW 08%05/05'

- 04}20/06 1,723.07 1,127.44 595.63 ST47.0000 SONY CORP ADR NEW 09/23/,05 ,' 04/20/06 2,381.89 1,586.72 795.17 ST7.0000 SONY CORP ADR NEW 10/1;2/5Q5 04/20/06 354.75 228.76 125.99 ST10.0000 SONY CORP ADR NEW 01/2370.6 04/20/06 506.78 436.60 70 18 ST52.0000 SONY CORP ADR NEW 0,1/234'(06 ,04/20/06 2,635.29 2,279.16 356.13 ST18.0000 SONY CORP ADR NEW 03%14%06 04/20/06 -912.22 843.30 68.92 ST

312.0000 STARBUCKS CORP 10/06/05 04/20/06 12,164:53 8,044.63 4,119.90 ST26.0000 STARBUCKS CORP 10/12/05 04/20/06 1,013.71 658.19 355.52 ST

570.0000 STARBUCKS CORP 10/13/05 0'.4'/20/06 22,223.67 14,884.07 7,339.60 ST34.0000 STARBUCKS CORP 01/23/06 04/.20%06 1,325.62 1,029.52 296.10 ST107.0000 STARBUCKS CORP 01/24/06 0420%06 4,171.81 3,256.97 914 84 ST370.0000 STARBUCKS CORP 02/02/06 04/2006 14,425.90 12,508.70

.1,917 20 ST

23.0000 STARBUCKS CORP - 03/14/06 04/20/06 896.74 833.52 63.22 ST260.0000 STARBUCKS CORP 03/28/06 04120/06 10,137.13 9,564.31 572 82 ST35.0000 STERIS CORP 09/15/04 0420%06 841.23 822.91 18.32 LT20.0000 STERIS CORP 10/22/04 04`/;20/06 480.70 408.05 72.65 LT35.0000 STERIS CORP 12/20/04 0„4/20/06 84,1.23 823.55 17.68 LT24.0000 STERIS CORP 12/23/04 04/20/06 576.85 574.32 2.53 LT37.00003.0000

STERIS CORPSTERIS CORP

12/29/0404/01/05

04/20/0604/20/06

889.3172 10

852.4873 35

36.83 LT1 25 LT. . ( . )

26.0000 STERIS CORP 04/27/05 04/20/06 624;92 635.96 (11.04) ST30.0000 STERIS CORP 06/06/05 04/20/06 721 06 750.61 (29 55) ST26.0000 STERIS CORP 06/17/05 04/20/06 624.92 669.50 (44.58) ST43.0000 STERIS CORP 06/21/05 04/20/06 1,033.52 1,082.74 (49.22) ST23.0000 STERIS CORP 08/05/05 04/20/06 552.81 616.40 (63.59) ST50 0000 STERIS CORP 09/23/05 04/20/06• 1,201.77 1,245.00 (43.23) ST9.0000 STERIS CORP 10/12/05 0472006 216 32 202 41 13.91 ST12.0000 STERIS CORP 01123/06 04/20/06 288 42 299 88 (11.46) ST57.0000 STERIS CORP 01/24/06 04/20/06 1,370.04 1,45008 (80 04) ST17.0000 STERIS CORP 03/14/06 04/20/06 408.61 420.92 (12 31) ST

1,900.0000 SUN MICROSYSTEMS INC COM 02/28/05 04/20/06 9,594.70 7,979.81 1,614 89 LT39 0000

•SUN MICROSYSTEMS INC COM 04/01/05 04/20/06 196.94 157.56 39 38 LT

333.0000`

SUN MICROSYSTEMS INC COM 04/27/05 04/20/06• 1,681 59 1,172.16 509 43 ST1,375 0000 SUN MICROSYSTEMS INC COM 04/28/05 04/20/06 6,943.53 4,79806 2,14547 ST

PLEASE SEE REVERSE SIDEPage Statement Period ! !J l

^x^ 00206271 349 of 365 Year Ending 12/31/06I ÎIIII^ I ^ III I

II I V III llÎ 11111111111111 III

'

I II I xlÎ I

1KW-'

^Merrill lynch

THE JOAN MITCHELL

t. y W` t `c. ev y ^.7't f• _ 11...-J lti ^5 ^!4, .^ - . ar. •rmay. ,^,, ,,.. ^, ,s," , ^,•^,r

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Quantity Security Description Date of Acquisition Date of liquidation Sale Price Cost Basis Gain or (Loss)

274 0000 SUN MICROSYSTEMS INC COM 06%17(05 04/20/06 1,383:65 1,065.86 317.79 ST756.0000 SUN MICROSYSTEMS INC'COM 06/27/05 04/20/06 3,817.68 2,804.68 1,013 00 ST335.0000 SUN MICROSYSTEMS INC'' QM 08/05/05 64/20/06 1,691.70 1,252.87 438.83 ST856.0000 SUN MICROSYSTEMS INC COlul 09/23/05 04/20/06 4;322:67 3,338.40 984.27 ST178.0000

10SUN MICROSYSTEMS INC Cowl 10/12/05- 04/20/06 89,8:87- 699.52 199.35 ST

205.0000 SUN MICROSYSTEMS INC-COM 01/23/06 04/20/06 1,035:21 904 05 131.16 ST944.0000 SUN MICROSYSTEMS INC'60M 01%24106 04/20/06 4,767.06 4,163.04 604.02 ST

1,890.0000 SUN MICROSYSTEMS INC'COM 02/t1'Q/06 04/20/06 9,544.23 8,216.02 1,328.21 ST30.0000 SUN MICROSYSTEMS INC COM 02/13%Q6 04/20/06 151.49 130.19 21.30 ST

469 0000 SUN MICROSYSTEMS INC COM 03/'14'/06 04/20/06 2,368.39 2,180.85 187.54 ST30.0000 TOTAL S.A. SP ADR 02/6Ak/,0'4 04/20/06 4,138.96 2,672.26 1,466.70 LT17.0000 TOTAL S.A. SP ADR 12/20704 04/20/06 2,345.42 1,807.78 537.64 LT3.0000 TOTAL S A. SP ADR 12/23/04 04/20/06 413.90 327.50 86.40 LT

120.0000 TEXAS INSTRUMENTS 04/22/05 04/20/06 4,284.58 2,927.04 1,357.54 ST229 0000 TEXAS INSTRUMENTS 04/27/05 04/20/06 8,176.42 5,654.31 2,522.11 ST125.0000 TEXAS INSTRUMENTS - 06/17/05 04/20/06 4,463.11 3,426.25 1,03686 ST285.0000 TEXAS INSTRUMENTS 06/27/05 04/20106 10,175.89 7,842.54 2,333.35 ST163.0000 TEXAS INSTRUMENTS 08/05/05 04/2070,6 5,819.89 5,116.57 703.32 ST342.0000 TEXAS INSTRUMENTS - 09/23/05 04/20196 12,211.08 11,428.79 782.29 ST63.0000 TEXAS INSTRUMENTS - 10/12/05 04/20/06 2,249.40 1,868.58 38082 ST57.0000 TEXAS INSTRUMENTS- 01/23/06 04/20/06 2,035.18 1,78809 247.09 ST160.0000 TEXAS INSTRUMENTS - 01/24/06 04/20/06 5,712,78 4,907.20 805.58 ST920.0000 TEXAS INSTRUMENTS 03/01/06 - 04/20/06 32;848:53 29,449.84 3,398.69 ST114.0000 TEXAS INSTRUMENTS 03/14/06 64/20/06 41070.36 3,556.80 513 56 ST16.0000

•TEXAS INSTRUMENTS 03/14/06 04/20/06 -;571'.27 499.04 72.23 ST

300.0000 TEXAS INSTRUMENTS 03/30/06 04/20/06 10,7.1149 9,906.15 80534 ST490.0000 TYCO INTL LTD NEW COM 06/02/05 04/20/06 12,823?v1!0

'14,139 20 (1,316.10) ST

46.0000 TYCO INTL LTD NEW COP - 06/17;/05 04/20/06 1,203t '0 1,425.54 (221 74) ST99.0000 TYCO INTL LTD NEW COM 06/27/05, 04/20/06 2,590.78 2,955 38 (364 60) ST

590 0000 TYCO INTL LTD NEW COM 07/07%05 04/20/06 15,440.06 17,304 23 (1,864.17) ST510.0000 TYCO INTL LTD NEW COM 08'/03%05 04/20/06 13,346.49 14,124.30 (777 81) ST192.0000 TYCO INTL LTD NEW CO(v1 08/05/05 04/20/06 5,024.56 5,212.80 (188 24) ST328.0000 TYCO INTL LTD NEW COM 09/23/05 04/20/06 8,583.63 9,459 52 (875 89) ST69.0000 TYCO INTL LTD NEW COM 10/12/05 04/20/06 1,805.70 1,861 62 (55.92) ST121.0000 TYCO INTL LTD NEW COM 01/23/06 04/20/06 3;166.52 3,212.55 (46 03) ST490 0000 TYCO INTL LTD NEW COM 01/24/06 04/20/06 12 823.11 12,980.59 (157 48) ST145.0000 TYCO INTL LTD NEW COM 03/14/06 04/20/06 3;794:60 3,846 85 (52 25) ST9490000, TRIARC COMPANIES INC 04/05/06 04/20/06 15,850`75 16,507 48 (656 73) ST

9,0000 TIME WARNER INC NEW 10/29/03 04/20/06 152.18 137 65 14 53 LT62 0000 TIME WARNER INC NEW 11 /06/03 04/20/06 1,048 38 963 69 84 69 LT


x 00206212 350 of 365 Year Ending 12/31/06

00600 t 1 01 Y

Merrell Lynch

THE JOAN MITCHELL

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;^ • ok, ^ ^3 , x,ir.i t r e•k^ c^".^,'î•,., r„ ;,3^ ^^?g^d*r"y2,". e. ^ r^^ y,^mg S.

^,:^ ..a Ry'^ ^ :^ °'}•:t_^.s...^. s,a ^r ^'^, cZj,^t..v ^`t:''^^^^:.:.r^F'<;

,4.'^, t^zf "î^ î',,`^.• ',^ ^C.Y^^ T',y°`^? k^-.kkr d -x.^f;it.3..'^^.. '^`r.7. ^^ ^^^vt%rYy,^r^• _ :i'^T'-1._'c• 3^'i'S^, ;'r°w 'î,'fT.t. `r^_-s, ^• ^.-t•aor e^h"^^'ti'ed.^`-^s_°.-+.:^.ix`^^:\.^',F'er^•'i ?.alkr`îli `4.2^"'^:,i•.'• 'd


Quantity Security Description Date of Acquisition Dateyofh;Liquidation Sale Price Cost Basis Gain or (Loss

43.0000 TIME WARNER INC NEW 1,2403/03 04/20/06 727:11'0 716 87 10.23 LT2.0000 TIME WARNER INC NEW 12705/03 '04/20/06 33,811 32.72 1.09 LT

42.0000 TIME WARNER INC NEW 12/18/63 04/20/06 710.19 750.57 (40.38) LT48.0000 TIME WARNER INC NEW 12/19/03 04/20/06 81,1;65• 870.55 (58.90) LT

S

336.0000343.0000

TIME WARNER INC NEWTIME WARNER INC NEW

02/04/Q412/20704

04/20/0604/20/06

5;68.1:585;799°95

5,761.806476 34

(80.22) LT., (847.39) LT

243.0000 TIME WARNER INC NEW 12/23%04 0.4/20/06 4,109.00 4,651.02 (542.02) LT580.0000 TIME WARNER INC NEW 12/-29/0.4 041,20/06 9,807.50 11,305.53 (1,498.03) LT15.0000 TIME WARNER INC NEW 04/01-705 04/20/06 253.64 264.00 (10.36) LT

297.0000 TIME WARNER INC NEW 04/27/05 04/20/06 5,022.12 5,117.31 (95.19) ST169.0000 TIME WARNER INC NEW 06/17/05 04/20/06 2,857.70 2,837.51 20.19 ST376.0000 TIME WARNER INC NEW 06/27/05 04/20/06 6,357.97 6,331.84 26.13 ST3190000 TIME WARNER INC NEW 08/01/05 04/20/06 5,394:13 5,454.90 (60.77) ST277.0000 TIME WARNER INC NEW 08/05/05 04/20/06 4,683.93 4,999.85 (315.92) ST543.0000 TIME WARNER INC NEW 09/23/05 04/20/06 9, 181.85 9 ,725.13 (543.28) ST109.0000 TIME WARNER INC NEW 10/12/05 04/20/06 1,843.13 1,897.69 (54.56) ST174.0000 TIME WARNER INC NEW 01/23/06 04/20/06 2,942.25 2,961 48 (19.23) ST592.0000 TIME WARNER INC NEW 01/24/06 04/20%06 10,010.43 10,271.20 (260.77) ST186.0000 TIME WARNER INC NEW 03/14/06 04/20706 3,145.18 3,214.38 (69.20) ST63.0000 TELEFONICA MOVIES SA ADR 12/23/04 04/20/06 810.78 801.50 9.28 LT

226 0000 TELEFONICA MOVIES SA-ADR 12/29/04 0420706 2,908.53 2,888.28 20.25 LT3.0000 TELEFONICA MOVIES SAADR 04/01/05 0,4/,20/06 38.60 35.88 2.72 LT

47.0000 TELEFONICA MOVIES SA ADR 04/27/05 04/20/06 60,4:8x7 542.25 62.62 ST30.0000 TELEFONICA MOVIES SA ADR 06/17/05 04/20/06 386.08 326.10 59.98 ST

•66.000034.0000

TELEFONICA MOVIES S9•ADRTELEFONICA MOVIES SA ADR

06/27/0508/05/05

04/20/0604/20/06

849.3943x757

689.04371 62

160.35 ST5

72.0000 TELEFONICA MOVIES SA ADR 09/23/05 04/20/06.

92'6:61.

813 60.95 ST6

113 01 ST10.0000 TELEFONICA MOVIES SA ADR 10/12/05 04/20/06 128}69 108.30

.20.39 ST

18 0000 TELEFONICA MOVIES SA ADR 01/23/06 04/20/06 231.65 200.70 30.95 ST82.0000 TELEFONICA MOVIES SA ADR 01,/24/06 04/20/06 1,055.33 904 46 150.87 ST29 0000 TELEFONICA MOVIES SA ADR 03/14/06 04/20/06 373.23 352 64 20.59 ST870.0000 TD AMERITRADE HLDG CORP 08%17/05 04/20/06 18,904.60 17,745 91 1,158.69 ST145 0000 TD AMERITRADE HLDG CORP 06/23/05 04/20/06 3,150.76 3,053.69 97.07 ST20 0000 TD AMERITRADE HLDG CORP 10/12/05 04/20/06 434.58 386.20 48 38 ST56 0000 TD AMERITRADE HLDG CORP 01/23/06 04/20/06 1,216.84 1,45040 (233 56) ST

127 0000 TD AMERITRADE HLDG CORP 01/24/06 04/20/06 2,759.64 3,317.23 (557 59) ST3900000 TD AMERITRADE HLDG CORP 01/31/06 04/20/06 8,47`,4:49 N/A N/C62 0000 TD AMERITRADE HLDG CORP 03/14/06 04/20/06 1,347:22 1,30070 46 52 ST

260 0000.

TD AMERITRADE HLDG CORP 03/29/06 04/20/06 5,649.67 5,492 97 156 70 ST97 0000 THERMO ELECTRON CORP 02/04/04 04/20106 3,626.48 2,732 74 893 74 LT


ePeriod

tX 00206273 351 of 365 Yea r Ending 1231/06 IIIIIII IIII ÎIII IIII! ÎI II ^ÎII IÎII IIII

I III I Î,

.I^-^

;^_

Merrill Lynch

"HE JOAN MITCHELL


Quant ity Security Description Date of Acquisition Date of liquidation Sale Price Cost Basis Gain or (Loss

20.0000 THERMO ELECTRON CORK 07/28/04 04/20/06 747:72 492.14 255.58 LT106.0000 THERMO ELECTRON CORP 12120704_ 04720/06 3,962.96 3,222.61 740.35 LT79 0000 THERMO ELECTRON CORP^, 12/23/04 04'/20/06 2,953.53 2,428.59 524.94 LT118.0000 THERMO ELECTRON CORP 12/29/04 04/20/06 4;411.60 3,582.48 829.12 LT

7.0000 THERMO ELECTRON CORP 04/01/05 04/20/06 2611.70 175.42 86.28 LT• 84 0000 THERMO ELECTRON CORP. • 04/27w^b5- 04/20/06 3,140'46 2,065.56 1,074.90 ST

48.0000 THERMO ELECTRON CORD 06/1=7/05 04/20/06 1,794.55 1,293.60 500.95 ST112.0000 THERMO ELECTRON CORP 06/27%05: 0`,4'720/06 4,187.28 2,963.52 1,223.76 ST60.0000 THERMO ELECTRON CORP 07/1,11/05 04/20/06 2,243.18 1,639.73 603.45 ST64.0000 THERMO ELECTRON CORP 08/05/05 04/20/06 2,392.73 1,858.56 534.17 ST138.0000 THERMO ELECTRON CORP 09,0/05 04/20/06 5,159.34 4,202.10 957.24 ST22.0000 THERMO ELECTRON CORP 10/12/05 0,4/20/06 822.50 650.76 171.74 ST60.0000 THERMO ELECTRON CORP 01/23/06 04/20/06 2,•243.19 1,938 00 305.19 ST126.0000 THERMO ELECTRON CORP. 01/24/06 041,20/06 4,710.71 4,154.22 556.49 ST47.0000 THERMO ELECTRON CORE; 03/14/06 04'%20/06 1,757.17 1,667.56 89.61 ST26.0000 UNITEDHEALTH GROUP INC 02/04/04 04104`/06 1,436.87 779.69 657 18 LT96.0000 UNITEDHEALTH GROUP INC 12/20/04 04/04706 5,305.37 4,080.96 1,224.41 LT78.0000 UNITEDHEALTH GROUP ING 12/23/04 04/04/06 4,310.61 3,326.70 983.91 LT82.0000 UNITEDHEALTH GROUP.iIN'C 12/29/04 04/Q4'06 4,531.68 3,585.44 946.24 LT34.0000 UNITEDHEALTH GROUP°INC 12/29/04 04/20'106 1,693.48 1,486.66 206.82 LT4.0000 UNITEDHEALTH GROUT'=1NC 04/01/05 04%20/06 199.23 191.34 7.89 LT

58.0000 UNITEDHEALTH GROUPINC 04/27/05 04/20/06 2,888.89 2,676.98 211.91 ST31.0000 UNITEDHEALTH GROU0.INC 06/17/05 04%20/06 1;54410.6 1,605.18 (61.12) ST73.0000 UNITEDHEALTH GROUP II1C 06/27/05 04/20/06 3;636:02 3,746.36 (110.34) ST38.0000 UNITEDHEALTH GROUP{1NC 08/05/05 04/20/06 1;892:72 1,982.08 (89.36) ST

• 77.0000 UNITEDHEALTH GROUP'INC 09/23/05 04/20/06 3,835,25 4,215.75 (380.50) ST12.0000 UNITEDHEALTH GROUP IN'C' 10/12/0.5- 04/20/06 597-:70• 662.28 (64.58) ST

123.0000 UNITEDHEALTH GROUP IN'- 10/26105 04/20/06 6,126.46 6,889.59 (763.13) ST379.0000 UNIVERSAL COMPRSSN HLDGS 04/05/06. 04/20/06 20,867.09 19,546.36 1,32073 ST25 0000 US BANCORP (NEW) - 02/04/.04 04/20/06 763.47 700 01 63.46 LT162.0000 US BANCORP (NEW) 12/20704 04/20/06 4,94732 4,832.46 114.86 LT114.0000 US BANCORP (NEW) 12/23/04 04/20/06 3,481.45 3,58055 (99.10) LT176.0000 US BANCORP (NEW) 12/29/04 04%20%06 5,374.87 5,485 92 (111.05) LT10.0000 US BANCORP (NEW) 04/01/05 04/20/06 305.39 287.50 17.89 LT

130 0000 US BANCORP (NEW) 06/17/05 04/20/06 3,970.08 3,825.90 144.18 ST120 0000 US BANCORP (NEW) 06/27/05 04/20/06 3,664.69 3,522 00 142.69 ST51.0000 US BANCORP (NEW) 08/05/05 04/20/06 1,557.49 1,514 19 43.30 ST136.0000 US BANCORP (NEW) 09/23/05 04/20/06 4,153.31 3,961.68 191.63 ST26 0000 US BANCORP (NEW) 10/12/05 04/20/06 794.01 720.20 73.81 ST55 0000 US BANCORP (NEW) 01/23/06 04/20/06 1,67965 1,602 15 77 50 ST


00206274 352 of 365 Year Ending 12/31/06 .f'

6060D 01u

Merrill 16yeech

THE JOAN MITCHELL

C h .Sy Y;,n N ^t Y

.I.r ^T t

.,,.^• Ll.

n, ^^^.î: ^ ^ _t^C'•• --f] rJ CIF ,^-Fi ^-' ':a .^fi.$^:4t

r?f .^^.

'-°t^j^^`l Cyj7. @;y C ;4^•i' 3]'.; r' ,3< j•^ ' - -^'» ^yÎ.w (, 1 t

'p^ ^ ; `- .^1 •'

_^.t ^^^ i'y HL -'l '^_ i.4I^ ..i,A^^^ ^^ k ` Yi^^S'^ -

^1^4V/J^^-!^',. Ya-^R: •;i.'3% ti:^.i^=^Rt-e.r_; ^..^^!-.?îi% +^^^' ^.i;._ r,._?};l .ty^^ ^^w?^^

REALIZED CA

Security De on Date of Acquisition

126.000058.0000

237.000039.0000100.0000

• 25.000069.000014.000028.000063.000029.000074.000056.000020.000089.000066.000099.00005.0000

68.000039.000095.000048.0000100.000016.000022.0000

• 116.000042.0000190.0000132.0000

8.0000130.000031.000023.000064.000027.000054.000050 000077.0000110 000061'0000

I 00206275

US BANCORP (NEW)US BANCORP (NEW)UNION PACIFIC CORPUNION PACIFIC CORPUNION PACIFIC CORPUNION PACIFIC CORPUNION PACIFIC CORPUNION PACIFIC CORPUNION PACIFIC CORPUNION PACIFIC CORPUNION PACIFIC CORPVODAFONE GRP PLC SPN ADRVODAFONE GRP PLC SPN ADRVODAFONE GRP PLC SPN ADRVODAFONE GRP PLC SPN,ADRVODAFONE GRP PLC SPNrADRVODAFONE GRP PLC SP,N•ADRVODAFONE GRP PLC SPN;ADRVODAFONE GRP PLC S'Pk'ADRVODAFONE GRP PLC SPN :AD'RVODAFONE GRP PLC SPNADRVODAFONE GRP PLC S;PN ADRVODAFONE GRP PLC SRN ADRVODAFONE GRP PLC SP•N'.ADRVODAFONE GRP PLC SiPIJADRVODAFONE GRP PLC SI''YADRVODAFONE GRP PLC SPN'ADRVIVENDI UNIVERSAL AYRVIVENDI UNIVERSAL ADRVIVENDI UNIVERSAL ADRVIVENDI UNIVERSAL ADRVIVENDI UNIVERSAL ADRVIVENDI UNIVERSAL ADRVIVENDI UNIVERSAL ADRVIVENDI UNIVERSAL ADRVIACOM INC NEW CL BVIACOM INC NEW CL BVIACOM INC NEW CL BVIACOM INC NEW CL BVIACOM INC NEW CL B


353 of 365 Year Ending 12/31/06

GAIN AND LOSS SUMMARY

on Sale Price Cost Basis Gain or i

0:1/24/06 04/20/06 3;847-:9'3'

3,669.12 178.81 ST03%14 '0;4/20/06 ;^77i1>281 1,78872 (17.44) ST06/22/05 04/20/06 22,362.77 15,627.54 6,735.23 ST06/27/05 }04/20/06 3;679.95 2,456.22 1,223.73 ST07/05/05- ^04/20/06 6,47447 2,961.30 ST0805%05 04/20/06 2;3589°4 1,743.50 615.44 ST09/23/05 .: 04/20/06 6,510.68 4,816.89 1 ,693.79 ST107x1:2/05 04'/20/06 1,321.00 967.40 353.60 ST01j'23q/,06 04/20/06 2,642.01 2,379.16 262.85 ST01124'/Q6 - 04/20/06 5,944.54 5,403.51 541.03 ST03/M1%06 --04/20/06 2,736.39 2,469.93 266.46 ST02/202 04/20/06 1;676.04 1,356.42 319.62 LT02/0,4/04 04/20/06 1,268'.36 1,388.40 (120.04) LT09/23/04 044/20/06 452:98 479.00 (26.02) LT12/20/04 04%20/06 2,015.78 2,400.33 (384.55) LT12/23/04 04/20106 1,494.85 1,782.00 (287.15) LT12/29/04 04/20%06 2,242.28 2,692.80 (450.52) LT04101/05 04/20/06 113.24 132.65 (19.41) LT04/27/05 04%2046 1,540.15 1,763.92 (223.77) ST06/17/05 04/ Q/06 - 883.32 975.00 (91.68) ST06/27/05 0420706 2,151.69 2,319.90 (168.21) ST08/05/05 04120/06 1,087.17 1,240.80 (153.63) ST09/23/05 04%20/06 2;264:93 2,671 00 (406.07) ST10/12/05 04/20/06 362:39 415 20 (52.81) ST01/23/06 04/20/06 498.28 471.68 26.60 ST01/24/06 04/20/06 2,627.34 2,444.12 183.22 ST03/14/06 04/20/06 95.1:28 942.48 8.80 ST09/20/05 04/20/06 6,664:99 6,109 24 555.75 ST09/23/05 04/20/06 4,630 41 4,167.24 463.17 ST10/,12%05 04/20/06 280.63 254.00 26.63 ST12%07/05 04/20/06 4,560 26 3,833 18 727.08 ST12/15/05 04/20%06 1,087.44 978.17 109.27 ST01/23/06 04/20/06 806.81 712.77 94 04 ST01/24/06 04/20/06 2,245.06 2,001 28 243.78 ST03/14/06 04/20/06 947.14 895 59 51.55 ST12/20/04 04/20/06 2,088.65 2,332.31 (243 66) LT12/23/0,4 04/20/06 1,93394 2,216.32 (282.38) LT

12/29/04 04/20/06 2,978.26 3,37501 (396.75) LT03/17/05 04/20/06 4,254.67 4,987 66 (732 99) LT04/01/05 04/20/06 - 2,359 40 2,557 56 (198.16) LT

I II I II IIII I II I II II III II IIII III III I I II I III I I I II II I ^MA

Merrill 16ynch

HE JOAN MITCHELL

'1s• .et

;- v:h!^='^.^-Ti`:':^r'^î :, f4_ ^' ```^^? Ît4_;

'rl^ : .t r:^..i^• ^ .,il4^r. ^k^r.- t7.^^,,^ i .1•ti,^,

f ^^^^^ slip

cra, l S^trast t ^.; }^ ;Y R4 ^:.e m'e^nt^: , ^r.t^}t ^S.1L`'. ^'t''u. ^.FL ,.s:^ / / ^Kn. '..^ n^.. •, ,yam., 4 , 'i4kî 3,;;,-r f_ ' _ . `'Y rf^1'^,„ 'r,aiiayii - toy ^^. . ^.>^•'ti•.:1+

t^^,`^ Y?^,r,£Â Y`n'.ti -.tv'. \^^y i^• y^rt . ^ fir,. 7 ^ 'yx z?^Yt4 ;•! ^_ , ^•ii+;s,^ S;;•^p§y-.J ^^ :^`t

s.11 .,4 t?'•Y `^l ^.^. i. '3';r,.'T};•^ :i -.^-n tM ^4 t^- +.^r.:tt,T^^:, ^s '^;^, i'i' ',_.n: rw ..sir ^S•c

-

REALIZED

r.


Quantity Security Description Date of Acquisition Date , of_Liquidation Sale Price Cost Basis Gain or (Loss)

83.0000 VIACOM INC NEW CL 13--

04/,2Z/05 o4/20/06 3 210 34 3,534.59 (324.25) ST37.0000 VIACOM INC NEW CL B 061-17!05 04%20/06 1,431.11 1,501.58 (70.47) ST80.0000 VIACOM INC NEW CL B 06/27/05 04/20/06 3,094 31 3,128.92 (34.61) ST52.0000 VIACOM INC NEW CL B 08/05/05 04/20/06 2;01;1:30 2,126.10 (114.80) ST

•102.0000 VIACOM INC NEW CL B 09/23/05 04/20/06 3,945:24 4,122.65 (177.41) ST21.0000 VIACOM INC NEW CL B 10/1.2/05- 04/20/06 812.25 795.44 16 81 ST38.0000 VIACOM INC NEW CL B 01/23`/06 - 0{,4'/.20/06 1,469.80 1,629.44

.(159.64) ST

100.0000 VIACOM INC NEW CL B 01/241 6 04%20/06 3,867.89 4,326.00 (458.11) ST43.0000 VIACOM INC NEW CL B 03/1f4/06 04/20/06 1,663.20 1,680.87 (17.67) ST182.0000 ZIMMER HOLDINGS INC COM 12/02%05 04/04/06 12,295.36 12,665.99 (370.63) ST238.0000 ZIMMER HOLDINGS INC COM 12%02/.05 04/20/06 15,783.14 16,563.24 (780.10) ST23.0000 ZIMMER HOLDINGS INC COM 01/23 06 0'.4/20/06 1,525.26 1,586.54 (61.28) ST34.0000 ZIMMER HOLDINGS INC COM 01/24/06 04120/06 2,254.7,3 2,278.34 (23.61) ST36.0000 ZIMMER HOLDINGS INC COM 03/14/06 04/20/06 2,387.38 2,469.60 (82 22) ST120.0000 XTO ENERGY INC 02/11/05 04/20/06 5,629.02 3,450.15 2,178 87 LT13.0000 XTO ENERGY INC 04/01/05 04/20706 609.81 442.26 167.55 LT78.0000 XTO ENERGY INC 04/27/05 04/20706 3,658.86 2,459.14 1 199.72 ST33 0000 XTO ENERGY INC 06/17/05 04/201/06 1,547.98 1,113.42

,434 56 ST

59.0000 XTO ENERGY INC 06/27/05 04/20706 2,767.60 2,044.35 723.25 ST25.0000 XTO ENERGY INC 08/05/05 04/20!06 1,172.71 899.25 27346 ST65.0000 XTO ENERGY INC 09/23/05 04%20/06 3,049.06 2,746.25 302 81 ST10.0000 XTO ENERGY INC 10/12/05 04/20/06 469.08 410.40 58 68 ST24.0000 XTO ENERGY INC 01/23/06 047,20/06 1,125?8=1 1,156 56 (30.75) ST52.0000 XTO ENERGY INC 01/24/06 - 04/20/06 ;439.26 2,548 00 (108.74) ST14.0000 XTO ENERGY INC 03/14/06 - 04/20/06 'd56.73 591.92 64.81 ST•49.0000 WAL-MART STORES INC 05/24/04 04/20/06 2,268:'85

'2,692.13 (423 28) LT

30.0000 WAL-MART STORES INC 10/08/04 04/20/06 1,389: 09, 1,595.79 (206 70) LT46.0000 WAL-MART STORES INC 12/20/04 04/20/06 2,129'94 2,401.66 (271.72) LT34 0000 WAL-MART STORES INC 12/23'/04 04/20/06 1,574.30 1,794.18 (219.88) LT53.0000 WAL-MART STORES INC 12/29/04 '04/20/06 2,454.06 2,833.38 (379 32) LT90.0000 WAL-MART STORES INC 01/12/05 04/20/06 4,167.27 4,816.20 (648 93) LT4.0000 WAL-MART STORES INC 04/01/05 ;04/20/06 18521 196.92 (11.71) LT

53.0000 WAL-MART STORES INC 64/27/05 04/20/06 2,454.06 2,506.90 (52.84) ST30 0000 WAL-MART STORES INC 06/17/05 04/20/06 1,38909 1,46730 (78 21) ST75.0000 WAL-MART STORES INC 06/27/05 04/20706 3,472.73 3,569.25 (96 52) ST33.0000 WAL-MART STORES INC 08/05/05 04/20/06 1,528.00 1,627 23 (99 23) ST

560 0000 WAL-MART STORES INC 09/16/05 04/20/06 25;929:73 24,668 90 1,260 83 ST170.0000 WAL-MART STORES INC 09/23/05 04/20/06 7,871'.53 7,403 50 468 03 ST37.0000 WAL-MART STORES INC 10/12/05 04/20/06 1,713:21 1,659.82 53 39 ST57 0000 WAL-MART STORES INC 01/23/06 04/20/06 2,639'27 2,554.17 85 10 ST


X 00206276 354 of 365 Year Ending 12/31/06

60600 1 1 0

Merrill 16ynch

THE JOAN MITCHELL

w 11..^, YY--'M 1.4• - Ct î t.X^F 5'

S G 1 b .tti _ Pa '1•ti

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►

^<^^^-^r^^^Fi^s, ca^l ^Stâ^fie;m.eint^^^, •'.' ^.;ty "-^^^1.^^,^ d ^'.- •^7. wt^ ^'€•^- -- - ;; s'. c \'.'iS i^ 4`y .. 1.:,, '^C '^^

,, -y ^^. , - "`;4 j r 'hSc,Y,.À^* ' + fi _a`=t`-^.;7 ;'••F ,ô,a` .i '^ >ax,.^^'>' : ^' 't^t+, -41 „^'^'a,,^+t).^;^^c :#.:,' riJ VS,`., ;

{y.°li:.k ^•.r•^'^ j.,-^' L '!^,>'`':'-^^t•`' A^:.i. , Èl b--• ^.•• `'I"^ . c.•', a 'n•,i. _ ^.trl;.. '^1,^


Quantity Security Description Date of Acquisition 9atQZTP,,Liquidation Sale Price Cost Basis Gain or (Loss)

197.0000 WAL-MART STORES INC 0.1/24/06 x0 ,4/20/06 6x1,2172 8,999.47 122.25 ST61.0000 WAL-MART STORES INC 03 /.14/06 04/20/06 2 , 82'4''50 2 , 774.89 49 61 ST70.0000 WESTPAC BANKING ADR 07/11/05 • 0'4/20 /06 6,327.10 5,027 . 67 1,299.43 ST8.0000 WESTPAC BANKING ADR 08/05/05 ,04/20/06 723 ,09. 599 . 20 123.89 ST

11.0000 WESTPAC BANKING ADR 09/23 /,05 04/20/06 4:26,9 866.14 128.12 ST

02.0000 WESTPAC BANKING ADR•

,10/12/05 ;04/20 /06 9"180:7.7 156.48 24.29 ST

40.0000 WESTPAC BANKING ADR 11/08/05 ;04/20 /06 3,615 .49 3,171.89 443.60 ST13.0000 WESTPAC BANKING ADR 01/23/06 04//20/06 1,175.03 1,111.50 63.53 ST17.0000 WESTPAC BANKING ADR 01/24%0 6 04/20/06 1,536 . 59 1,452 . 48 84.11 ST7.0000 WESTPAC BANKING ADR 03/14/06 04/20/06 632 . 72 618.80 13 92 ST

110.0000 WHOLE FOODS MKT INC COM 05/05/05 04/20/06 7 , 171.78 6 , 014.24 1 ,157.54 ST30.0000 WHOLE FOODS MKT INC COM 06 / 17/05 `04/20/06 1;9,55.94 1 , 791.00 164.94 ST78.0000 WHOLE FOODS MKT INC COM 06/27/05 04/20/06 5,085 .45 4,602.35 483.10 ST42.0000 WHOLE FOODS MKT INC COM 08/05/05 04 /20/06 2,738.32 2 , 835.00 ( 96.68) ST82.0000 WHOLE FOODS MKT INC COM 09 /23/05 04/20/06 5 , 346.24 5,327 54 18.70 ST14.0000 WHOLE FOODS MKT INC-COM 10 / 12/05 04/207.06 912 .77 877 .45 35.32 ST1.0000 WHOLE FOODS MKT INC COM 01/23/06 04/20/06 65.19 73.05 ( 7.86) ST

37.0000 WHOLE FOODS MKT INC COM 01/24/06 04/20/06 2 ,412.33 2,701.37 (289.04) ST68.0000 WHOLE FOODS MKT INC COM 03/01/06 04/20%06 4 ,433.47 4 , 340 90 92.57 ST141.0000 WHOLE FOODS MKT INC COM 03 /03/06 04/20/,06 9,192.95 8,989.05 203.90 ST19.0000 WHOLE FOODS MKT INC COM 03 / 14/06 04 /,20/06 1 , 238.77 1,139.62 99.15 ST

340.0000 YRC WORLDWIDE INC 09 /29/05 04/20/06 13,001.19 13 , 521.15 (519.96) ST3.0000 YRC WORLDWIDE INC 10 / 12/05 -0 '•4/20/06 -1.1„4,',71 120 .48 (5.77) ST

14.0000 YRC WORLDWIDE INC 01/23 /06 .04/20/06 535'.34 652.26 (116 92) ST52.000018.0000

YRC WORLDWIDE INCYRC WORLDWIDE INC

01/24/0603 / 14/06

04/20/0604/20/06

1 ,98'8.42688 ? 311

2,534.48833 . 94

(546 06) ST(145.63) ST

210.0000 ZEBRA TECHNOLOGIES CRP A 07 /27/05 04/20/06 9 , 059:33 8,091.43 967.90 ST13.0000 ZEBRA TECHNOLOGIES CRP A 08/05/05 04/20/06 560`."8.1 491 27 69.54 ST60.0000 ZEBRA TECHNOLOGIES CRP A 08 /26/05 04/20/06 2 , 588.38 2 ,111.17 477.21 ST47.0000 ZEBRA TECHNOLOGIES CRP A 09 /23/05 04 /20/06 2 , 027.56 1,748.40 279.16 ST8.0000 ZEBRA TECHNOLOGIES CRP A 10/12/05 04/20/06 345 . 11 299.76 45.35 ST15.0000 ZEBRA TECHNOLOGIES CRP A 01/23/06 04/20/06 647 . 09 656 55 (9 46) ST50 0000 ZEBRA TECHNOLOGIES CRP A 01 /24/06 04 /20/06 2,157.00 2 , 180.00 (23.00) ST17.0000 ZEBRA TECHNOLOGIES CRP A 03/14/06 04/20/06 733 . 38 755.48 (22.10) ST

339.0000 WESTAR ENERGY INC 04/05/06 04/20/06 7,173.01 7 ,30765 (134.64) ST51.0000 AMGEN INC COM PV $0 0001 07 /08/05 05 / 10/06 3 ,448.69 3,50556 (56 87) ST130.0000 AMGEN INC COM PV $0. 0001 07/20/05 05/10/06 8 ;790:7,9 10,251 16 (1,460.37) ST45.0000 AMGEN INC COM PV $0. 0001 08 /05/05 05/ 10/06 3,042.96 3 , 68640 (643.44) ST63.0000 AMGEN INC COM PV $0. 0001 09 /23/05 05/10/06 4,260"15 5,269 . 95 (1,009 80) ST110000 AMGEN INC COM PV $0 0001 10 /12/05 05/10%06 383 821 37 (77.54) ST

PLEASE SEE REVERSE SIDEPage Pe riod

x 00206277 355 of 365 Year Ending 1231/06 I IIIIIÎ IIII VIII IIÎI I ÎII IIÎ^ IÎII IÎII IIII I^^ I . ^^,

1J- }; }•

Merrill 16ynch

1HE JOAN MITCHELL

IXJ L

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Quantity Security Description Date of Acquisition Date of liquidation Sale Price Cost Basis Gain or (Loss)

18 0000 AMGEN INC COM PV $0.00.01 01237106, 05/10/06 1,21.7.19 1,332.18 (114.99) ST41 0000 AMGEN INC COM PV $0.0001 01/24/06' 05/10/06 2,772.48 3,070.90 (298 42) ST122.0000 AMGEN INC COM PV $0.000'1 02/01/06 65/10/06 - 8,249.85 9,480.03 (1,230.18) ST11.0000 AMGEN INC COM PV $0.0001 03/14/06 05/10/06 743.84 824 23 (80 39) ST

100.0000 COOPER INDSTRS LTD CL A 04/20/,Q 6, 05/19/06 8,783':52' 9,255.00 (471.48) ST•275 0000 CISCO SYSTEMS INC COM 02/09/,06' 05/08/06 5,98065 5,381.69 598.96 ST

175.0000 DANAHER CORP DEL COM 04/20`/06 0,5/18/06 11,005.66 11,624.07 (618.41) ST310.0000 EBAY INC COM 07%2.1105 05/09/06 9,891.01 12,781.71 (2,890.70) ST64.0000 EBAY INC COM 08/05'1,,05 05/09/06 2,042.01 2,796.80 (754.79) ST82.0000 EBAY INC COM 09/23765 05/09/06 2,616.33 3,167.66 (551.33) ST15.0000 EBAY INC COM ^2y051^07.1 05/09/06 478.59 592.80 (114 21) ST

200.0000 EBAY INC COM^

/19'/0; 05/09/06 6,381.31 9,331.26 (2,949.95) ST82.0000 EBAY INC COM 101%23/06 05%09/06 2,616.34 3,585.86 (969.52) ST118.0000 EBAY INC COM 01/24/06 05709/06 3,764.97 5,188.45 (1,423.48) ST38.0000 EBAY INC COM 03/14/06 05%09/06 1,212.46 1,484.28 (271.82) ST35.0000 FREEPRT-MCMRAN CPR&GLD B 04/20/06 04/26/06 2,346.73 - ' 2,376.49 (29.76) ST

325.0000 FREEPRT-MCMRAN CPR&GLD B 04/20/06 04/29/06 21,270.49 22,067.51 (797.02) ST425.0000 GENERAL ELECTRIC 04/20/06 05/1.8/0`^6 14,570.97 14,458.32 112 65 ST112 0000 HONEYWELL INTL INC DEL' 02/04/04 05/118706. 4,694.18 3,881.93 812.25 LT72.0000 HONEYWELL INTL INC DEL 12/20/04 0511'87,06 3,017.69 2,560.32 457.37 LT49.0000 HONEYWELL INTL INC DEL 12/23/04 057-1,8706 2,053 71 1,752.73 300.98 LT78.0000 HONEYWELL INTL INC DEL 12/29/04 05/1`8/06 3,269.17 2,780.70 488.47 LT5.0000 HONEYWELL INTL INC DEL 04/01/05 05'/18/06 209:561 186.45 23.11 LT

34 0000 HONEYWELL INTL INC DEL 04/27/05 05/18/06 1;425.63 1,238.96 186.07 LT•223.0000

136.0000HEWLETT PACKARD Cc'--:DELHEWLETT PACKARD CO ' DEL

11/18/0501/23/06

- 05/17/0605/17/06

7;201.244,39'1.71 9

6,612.604,277.20

588.64 ST114.59 ST

44.0000 HEWLETT PACKARD CO DEL 01/23/06,,'' 05/17/06 1,420:87' 1,383.80 37.07 ST110.0000 HEWLETT PACKARD CO DEL 01/24/06' 05/17/06 3,552.18 3,468.30 83.88 ST330.0000 HEWLETT PACKARD CO DEL 01/24/06- 05/17/06 10,656.57 10,418 10 238.47 ST43 0000 HEWLETT PACKARD CO DEL 03/:14'/06 05/17/06 1,38858 1,440.93 (52.35) ST114 0000 HEWLETT PACKARD CO DEL 03/.14/06 05/17/06 3,681.36 3,819.00 (137.64) ST100.0000 HEWLETT PACKARD CO DEL 04'/28/06 05/17/06 3.22927 3,271.00 (41.73) ST130 0000 IPSCO INC 04/20/06 04/26/06 13,391.30 13,924.30 (533 00) ST

1,650 0000 MICROSOFT CORP 04/20/06 04/28/06 40,021.67 44,665 50 (4,643 83) ST270 0000 MOTOROLA INC COM 06/08/05 05/12/06 5,829.12 4,958.74 870.38 ST92.0000 MOTOROLA INC COM 06/17/05 05/12/06 1,986.21 1,662.44 323 77 ST

208 0000 MOTOROLA INC COM 06/27%65 05/12/06 4,490.58 3,771 04 719 54 ST94 0000 MOTOROLA INC COM 08/05/05' 05/12/06 2,029 39 2,018.18 11 21 ST

235.0000 MOTOROLA INC COM 09/23/05 05/12/06 5,073.49 5,256 95 (183 46) ST36 0000 MOTOROLA INC COM 10/12/05 05/12/06 777 21 706 32 70 89 ST


El 00206278 356 of 365 Year Ending 12/31/06

G060D 11 01 0,14

Merrill Lynch

THE JOAN MITCHELL

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REALIZED CA•PITÂ; GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition DAe' of-Liquidation Sale Price Cost Basis Gain or (Loss)

64.0000 MOTOROLA INC CO*Iv1. 01%23%06 05/ 12/06 , - ;1;3;81:72 1 , 427.84 (46.12) ST154.0000 MOTOROLA INC COM; 0129%06 05/ 12/06

:1:3,324.76 3,494 . 26 (169.50) ST

35.0000 MOTOROLA INC C(AA 03/14/06 Q5/12/06 755.62 751 . 10 4.52 ST300.0000 MOTOROLA INC COMA 04/06 /06 0.5/12/06 '6 ;476.83 7,113.90 (637.07) ST50.0000 PETRLEO BRAS VTG SPD 19)R, 04/20/06.,,, 05/08 /06 `;5;2x1 °0+72 4,844.48 366.24 ST

0400.0000 PEABODY ENERGY CORP ;CM 04/2070.6 05/23/06 23;347 8 23,716 .00 (368.32) ST505.0000 SHINSEI BANK LTD TOKYQs=- 04/20/06 '05/02/06 , 7,083 . 01 7,398 .25 (315.24) ST790.0000 SHINSEI BANK LTD TOKYO" 04120'I 05/,08/06 11,174.52 11,573.49 (398.97) ST

5.0000 SHINSEI BANK LTD TOKYO 04/20 106 05/08/06 72.49 73.26 (0.77) ST175.0000 UNITED PARCEL SVC CL B 04 /20%06 05/ 18/06 13 , 949.00 14,358 . 75 (409.75) ST157.0000 UNITEDHEALTH GROUP INC 10%26 /05 04/26/06 7,711 68 8,794 .05 (1,082.37) ST171.0000 UNITEDHEALTH GROUP INC 11/02105 '04/26/06 8' 399.34 10 , 170.53 ( 1,771.19) ST52.0000 UNITEDHEALTH GROUP INC ` 01%23 /06 014 /26/06 2, 554.18 3 , 009.76 (455.58) ST130.0000 UNITEDHEALTH GROUP Ik^ 01 /24/06 04126/06 6,385.48 7,605.00 (1,219.52) ST46.0000 UNITEDHEALTH GROUP INC 03/ 14/06 04%ti26/06 2 , 259.48 2 , 611.42 (351.94) ST40.0000 VALMONT INDUSTRIES 04/20/06 05/,05/,06 2 , 280.58 1,936.13 34445 ST35.0000 VALMONT INDUSTRIES 04/20/06 05/08'/.06 1,977 . 77 1,694 . 11 283.66 ST40.0000 VALMONT INDUSTRIES - 04/20/06 05/Q9106 2 , 259.42 1,936.13 323.29 ST65.0000 VALMONT INDUSTRIES- 04/20/06 05/40'/06 ' - 3,656.45 3,146 . 21 510.24 ST45.0000 VALMONT INDUSTRIES .,-' 04/20/06 05/-liar/06 2,484 . 79 2,178 . 15 306 64 ST50.0000 VALMONT INDUSTRIES 04/20 /06 05/1,2/06 2 , 610.91 2 ,420.16 190.75 ST100.0000 VULCAN MATERIALS CO, 04/20/06 04'%26/06 8,817.21 9 , 321.00 (503.79) ST230.0000 ACCENTURE LTD OL;A 04/20/06 06'/07/06 - 6,240 . 94 6,961.75 (720.81) ST770.0000 ACCENTURE LTD GL* 04/20/06 06/08/06 20 ;576.07 23,306.75 (2,730.68) ST

•150.0000450.0000

ACCENTURE LTD CL A;ARCELOR SA-SP ADR

05/22 /0604 /20/06

06/08/0606 /27/06

4;008.3321 , 145.08

4 , 003.5018 ,607.50

4.83 ST2,537.58 ST

1.0000 ARKEMA ADR - 12 /29/04' 06/01/06 35 :89 31.35 4.54 LT1.0000 ARKEMA ADR - , 04/27/0'5 06/01/06 35 . 90 23 . 62 12 28 LT1 0000 ARKEMA ADR 06 /27I/gQ5 06/01/06 35 . 90 33 . 63 2.27 ST1.0000 ARKEMA ADR 09/23/05 06/01/06 35 . 89 40.02 (4.13) ST1.0000 ARKEMA ADR 10%1,2105 06 /01/06 35 . 90 5.75 30.15 ST1.0000 ARKEMA ADR 01 /24/06 06 /,01/06. 35 . 91 36.36 ( 045) ST

42.0000 APPLE COMPUTER INC 09/23/05 06 /21/66 2 , 438.67 2 , 230 58 208 09 ST16.0000 APPLE COMPUTER INC 10/12/05 06/21/06 929 02 785.12 143.90 ST

117.0000 APPLE COMPUTER INC 10/13 /05 06 /21/06 6 , 793.47 6 , 053.42 740.05 ST575.0000 ELECTRONIC ARTS INC DEL 04/27/06 06 / 14/06 23 , 395.23 32 , 795 53 (9,400 30) ST825.0000 HILTON HOTEL CORP 04/20 /06 06/07/06 22,165 41 22,101 75 63 66 ST425.0000 HILTON HOTEL CORP 04/20 /06 06 /08/06 11 , 059.81 11 , 385.75 (325 94) ST150.0000 HILTON HOTEL CORP 05/22/06 06/08/06 3,903 .47 4,111.50 (208.03) ST65'.0000 LIMITED BRANDS INC 03/25/04 05/30/06 1 , 73070 1 , 267.50 463.20 LT

PLEASE SEE REVERSE SIDEPe riod

(J 00206279 357 0 365 Year Ending 1231/06 I ) II II II Ill ' V II I 1 1 W VII I VI II I II lI VI II I IF IlI I aI I I I II I

;J^#^ O t^^^^^

Merrill Lynch

THE JOAN MITCHELL

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Quantity Security Description Date of Acquisi tio n Date of;Liqu idati on Sale Price Cost Basis Gain or (Loss

71.0000 LIMITED BRANDS INC 03/25/04 05/31/06 1;822.46 1,38450 537.96 LT114.0000 LIMITED BRANDS INC 04/20/06 0'5/31/06 3,086.79 2,86596 220.83 ST650.0000 LIMITED BRANDS INC 04/20/06 06/01/06 17,796.00 16,341.00 1,455.00 ST310.0000 LIMITED BRANDS INC 04/20/06 06/09/06 8;31;1:;80 7,793.40 518.40 ST

•170.0000306 0000

LIMITED BRANDS INCLIMITED BRANDS INC

04/20/0604/20/06

66/12/066/13/06

4;366:91•91: 5

4,27380 93.11 ST. Q 7,7 3 7,692 84 98.51 ST

525.0000 Nil HLDGS INC CL B 05/1-0706 06/.14/06'

24,622.84 34,845 14 (10,222.30) ST130.0000 PETRLEO BRAS VTG SPDADR 04/20i06 0 6%07/06 10,828.22 12,595.64 (1,767.42) ST70.0000 PETRLEO BRAS VTG SPD ADR - 04/20/06 06/08/06 5,526.45 6,782.27 (1,255.82) ST

210.0000 PETRLEO BRAS VTG SPD ADR 04120%06 06/26/06 17,157.42 20,346.82 (3,189.40) ST82.0000 QUALCOMM INC 09/20/05 06/13/06 3,441.98 3,60894 (166.96) ST122.0000 OUALCOMM INC 09/23/05 06/13/06 5,120':99 5,441 20 (320.21) ST21.0000 QUALCOMM INC 10/12/05 06/13/06 881.48 888.09 (6.61) ST53.0000 QUALCOMM INC 01/23/06 06713/06 2,224.69 2,473.78 (249.09) ST133.0000 OUALCOMM INC 01/24/06 06%43/06 5,582.73 6,349.39 (766.66) ST232.0000 QUALCOMM INC

-03/08/06 00,t3'706 9,738.31 11,375 03 (1,636.72) ST

38.0000 QUALCOMM INC 03/14/06 06/13/,66, 1,595.07 1,871.50 (276.43) ST1,050 0000 TEVA PHARMACTCL INDSADR

U04/20/06 06/2+V6,6: 33,608.40 41,705.90 (8,097.50) ST

100.0000 TEVA PHARMACTCL INDSA R 05/22/06 06/21//Î6,' 3,200.81 3,633.99 (433.18) ST700.0000 TARGET CORP COM' - 04/20/06 06//06'/406 33,284.04 36,074.64 (2,790.60) ST170.0000 VULCAN MATERIALS CO.. 04/20/06 06/1`5706 12,527.66 15,845 70 (3,318.04) ST230.0000 VULCAN MATERIALS CO,

-04/20/06 06,1'6/06 16,753.65 21,438.30 (4,684.65) ST

465.0000 WIENERBERGER BAUSTSPADR ' 04/20/06 06%26/06 4;182 55- 4,998.75 (816.20) ST155.0000 WIENERBERGER BAUST SPADR V 04/20/06 66/27/06 1,382.13 1,666.25 (284.12) ST200 0000

• 700 0000WYETHWYETH

04/20/0604/20/06

06/21/06 -06/22/06

8,,7115:>'79;5

9,445.99 (730.20) ST. 30,2;115 5 33,061.01 (2,845.46) ST

450.0000 BOEING COMPANY 04/20/06 07/05/06 36,020;62 38,601.00 (2,580.38) ST50.0000 BOEING COMPANY 05/22/06 07/05/06 - 4,002.30V 4,239.50 (237.20) ST

300.0000 COOPER INDSTRS LTD CL•A 04/20/06 07/18/06 25,810.69 27,765.00 (1,954.31) ST50 0000 COOPER INDSTRS LTD CL A 04/28/06 07/18/06 4,301.79 4,55400 (252 21) ST

550.0000 DIAGNOSTIC PRODS CORP 04/20/06 07/28/06 32,175 00 27,412 77 4,76223 ST20.0000 HONEYWELL INTL INC DEL 04/27/05 07/10/,06 780.95 728.80 52.15 LT31.0000 HONEYWELL INTL INC DEL 06/17/05 07/10%0;6- 1,210.48 1,17335 37.13 LT68 0000 HONEYWELL INTL INC DEL 06/27/05 07/10106 2,655.25 2,46568 189 57 LT45.0000 HONEYWELL INTL INC DEL 08/05/05 07/10/06 1,757.15 1,726 20 30 95 ST87 0000 HONEYWELL INTL INC DEL 09/23/05 07/10/06 3,397.17 3,277 29 119 88 ST7.0000 HONEYWELL INTL INC DEL 10/12/05 07/10/06, 273.33 249 20 24.13 ST

45 0000 HONEYWELL INTL INC DEL 01/23/06 07/10/06 1,757J5 1,62945 127 70 ST89,0000 HONEYWELL INTL INC DEL 01/24/06 07/10/6; 3,475:27 3,24405 231 22 ST31 0000 HONEYWELL INTL INC DEL 03/14/06 07/10%06. 1-1 1,210.48 1,315.64 (105 16) ST


x 00206280 358 of 365 Year Ending 12/31/06

60600 11-01vl^

Merrill hynch

THE JOAN MITCHELL

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Quantity Security Description Date of Acquisition ":D•,ate?oipLiquidation Sale Price Cost Basis Gain or (Loss)

97.0000 HONEYWELL INTL INC DEL; 047x20'/.06 107/10 /06 " 3;787967 4,288 . 37 (500.70) ST153.0000 HONEYWELL INTL INC DEL 04%20706 Q7/11/06 5;958:68 6 , 764.13 (80544) ST100.0000 HONEYWELL INTL INC DEL -. 04/28 /06 07/11/06 3,894 . 57 4,259 . 00 (364.43) ST600.0000 MEDTRONIC INC CONI, ' 04/20/06 07 / 13/06 28;5;13;94 . 29,808 . 00 (1,294.06) ST845.0000 TELLABS INC DEL PV 1CT 06/07/0 07/12/06 1td 2@,5-'^W 13,189.61 (2,984.44) ST

•,155.0000 TELLABS INC DEL PV 1CT .' -,

06/08!,06 07 / 12/06 13,919'08 17 , 526.32 (3,577.24) ST375.0000 UNITED PARCEL SVC CL B 04/20106 .07/25/06 25,592.96 30 , 768.75 (5,175.79) ST55.0000 VALMONT INDUSTRIES 04/20%06 0;71/20/06 2 , 748.24 2 , 662.18 86.06 ST95.0000 VALMONT INDUSTRIES 04%20/0,6 07/21/06 4,557.94 4,598 . 32 (40.38) ST125.0000 VALMONT INDUSTRIES 04/20'/,06 07 /24/06 6,001 . 00 6,050.43 (49.43) ST275.0000 WIENERBERGER BAUST SPADR 04/20106 06/28/06 2,461.50 2,956.25 (494.75) ST

5.0000 WIENERBERGER BAUST SPADR 04/20%06 06/28/06 -.'_4 ,4.49 53 . 75 (9.26) ST25.0000 AXA ADR 12123 /04 08 /08/06 8 8^19.4 600.56 283.38 LT19.0000 AXA ADR 12/23/04 08/09/06 681.74 456 .44 225.30 LT70.0000 AXA ADR 12/29/04 08 /09/06 2 , 511.69 1,691 . 72 819.97 LT3.0000 AXA ADR 04/01/05 08700/06 107 . 64 78 . 02 29 62 LT13.0000 AXA ADR 04/27/05 0810.9%06 466.47 311.05 155.42 LT35.0000 AXA ADR 04/27/05 08/28`/,06 1 , 253.88 837.45 416.43 LT27.0000 AXA ADR 06/17/05 08 /28/,06 967.28 655 . 74 311.54 LT67.0000 AXA ADR 06/27/05 ' 08/28706 2,400.28 1,625.91 774 37 LT34.0000 AXA ADR = -' 08 /05/05 08/28'06 1 , 218.06 902.62 315 44 LT22.0000 AXA ADR = 09 /23/05 0'8128 /06 788 . 16 567 .76 220.40 ST95.0000 ALLTEL CORP DEL 04 /20/06 -Q8/09/0B 5; 54;66 5,032 . 72 121.94 ST175.0000 ALLTEL CORP DEL 04/20/06

_08 / 10/06 :49;47569 9,270 . 80 204.99 ST

• 340.000090.0000

ALLTEL CORP DELALLTEL CORP DEL

04/20/0604/20/06

- 08/18/0608 /24/06

1', 21•_244,929T69

18,011.854 767 84

809.39 ST161 85 ST

49.0000 BNP PARIBAS SPONSORDrADR 06/27/05 08 / 14/06 2 , 52387, .

1 , 666.00.

857.87 LT24.0000 BNP PARIBAS SPONSORD ,.AI R 08 /05/05 08 / 14/06 1,236:118 89520 340.98 LT37.0000 BNP PARIBAS SPONSORD PbR 09/23705 08 / 14/06 1,905.79 1,340 . 20 565.59 ST55.0000 CREDIT SUISSE GP SP ADR 01 / 11/05 08/ 14/06 2,961.19 2,26093 700.26 LT

375.0000 CEMEX SA DE CV SPND,;ADR 04 /20/06 08 /08/06 10,768.16 12 , 55500 (1,786 84) ST175.0000 CEMEX SAB DE CV SPND •ADR 01 /20/06 08 / 15/06 4,905.65 5 , 859.00 ( 953 35) ST150.0000 CEMEX SAB DE CV SPND ADR 04/20/06 08716%06 4,281.91 5,02200 (740.09) ST80.0000 CEMEX SAB DE CV SPND ADR 05/23/06 08 / 16/06 2 , 283.69 2 ,440 00 ( 156 31) ST140.0000 CEMEX SAB DE CV SPND ADR 06/21/06 08 / 16/06 3,996.45 3,852.47 143.98 ST18.0000 CEMEX SAB DE CV SPND ADR 06/27/06 08 / 16/06 513.84 519 42 ( 5 58) ST

975.0000 CISCO SYSTEMS INC COM 02 /09/06 08 /04/06 16 ;7-Q5,1 19 , 080.56 (2,281 05) ST675.0000 FIRST DATA CORPORATION 06/08/06 07 /27/06 27 , 860?43 30,724.45 (2,864.02) ST225.0000 FIRST DATA CORPORATION 06/16/06 07 /27/06 9 , 286.82 10 ,438 00 ( 1,151.18) ST140 0000 FORTIS ( NL)-SPONS ADR 04/20 /06 08 /09706 5;04. 84 5 , 074.99 (28.15) ST

PLEASE SEE REVERSE SIDE = ^•Page Statement Period

X 00206281 359 of 365 Year Ending 12/31 /06 I II II II I ! III V III VI II V II I ! III

I I

!II I ! II I

I I II)

!II I 4 y^t,^

Merrill Lynch

FHE JOAN MITCHELL


Quantity Security Description Date of Acquisition Date ;of-Liq iid ation Sale Price Cost Basis Gain or (Loss

210.0000 FORTIS (NL)-SPONS ADR. 04/•20%06 08/10/06 7628:64 7,612.50 16 14 ST310 0000 MITSUBISHI UFJ FINL GRP•; 04/20'T06 08/01/06 4;136.85 4,841.79 (704.94) ST145.0000

,NTT DOCOMO INC SPD ADR' 04/20/06 09/03/06 2,099.95 2,122.40 (22.45) ST

595.0000 NTT DOCOMO INC SPD ADR 04/20/06 08/04/06 8;59.1;1'7 8,709.19 (118.02) ST5.0000 NTT DOCOMO INC SPD ADR' 04/20/06, 08/04/06 `;73:22 73.18 0.04 ST

• 50.0000 PETRLEO BRAS VTG SPD AE1R 04/20/06 07/27/06 4,534Y62 4,844.48 (309.86) ST85.0000 SIEMENS AG ADR- - 04/-2Q%06 08128/06 7,120.60 8,127.69 (1,007.09) ST

200.0000 SHIZUOKA BANK LTD ADR; 04/28%06- `07/28/06 22,339.30 21,400 00 939.30 ST40.0000 SHIZUOKA BANK LTD ADR 04/28/QB 07/28/06 4,467.87 4,280.00 187.87 ST20.0000 TOTAL S.A. SP ADR 12/23%0,4 08/17/06 1,354.58 1,075.33 279.25 LT38.0000 TOTAL S.A. SP ADR 12729/04 08/17/06 2,573.70 2,059.21 514.49 LT2.0000 TOTAL S.A. SP ADR 04/01%05 08/17/06 -'1:35.45 115.56 19.89 LT

28.0000 TOTAL S.A. SP ADR 04/27/05 0'8117/06 1,896 41 1,551.23 345.18 LT14.0000 TOTAL S.A. SP ADR 06/17/05 08'/.17/06 948.20 819.81 128.39 LT38.0000 TOTAL S.A. SP ADR 06/27/05 08/;1.7/06 2,573.71 2,208.37 365.34 LT18.0000 TOTAL S.A. SP ADR• 08/05/05 0819,7/06 1,219.12 1,122.66 96 46 LT40.0000 TOTAL S.A. SP ADR- 09/23/05 08/17706 2,709.17 2,627 98 81.19 ST6.0000 TOTAL S.A. SP ADR : -. 10/12/05 08/1*7r'/06• 406.37 377.70 28.67 ST18.0000

„,TOTAL S.A. SP ADF:- 01/23/06 08/10/0'6 1,219.13 1,197.12 22.01 ST

36.0000 TOTAL S.A. SP AD,R ` 01/24/06 08/17/06 2,438.26 2,387.87 50.39 ST16.0000 TOTAL S.A. SP ADRV 03/14/06 0871"7'/06 1,083.68 1,020.85 62.83 ST

760.0000 TESCO PLC SPNRD AD;R 04/20/06 07/•28/06 - 15,376,30 13,639.56 1,736.74 ST575.0000 CAREMARK RX INC -f 07/20/06 ;09125/06 31;280:,76 30,774.58 506.18 ST700.0000 CITIGROUP INC 05/08/06 409/13/06 34;56`8'85 35,198 66 (629.81) ST150.0000 CITIGROUP INC = 07/03/06 ` 09/13/06 2;497:62 7,298.22 109.40 ST

• 60.0000 FRESH DEL MONTE PROD"INC 04/20/06 09/26/06 1,053311 1,237.19 (183.88) ST315 0000 GENERAL MILLS 06/14/06'- 09/14/06 16,49113. 16,169.04 322.09 ST210.0000 GENERAL MILLS 06/14/,06 09/15/06 10,921.` 6 10,779.37 141.99 ST175.0000 GENERAL MILLS 06/15'/,0§- 09/15/06 9,101.14 8,813.37 287.77 ST400 0000 MEDIASET S P A ADR-' 04/20%06 09/19/06 12,901.04 15,160.00 (2,258.96) ST135.0000 MEDIASET S P A ADR" 07/03/06 '09/19/06 4,354 10 4,722.98 (368 88) ST25 0000 MEDIASET S P A ADR^ 08/09/06 •09/19/06 806.31 852 16 (45.85) ST185 0000 MEDIASET S P A ADR 08/10/06

_-.09/19/06 5,966.74 6,310.40 (343.66) ST

50000 MEDIASET S P A ADR 08/10/06 09/19/06 160.74 170 56 (9.82) ST725.0000 MERCK&CO INC 04/20/06 08/31/06 29;374.79 25,428 79 3,946.00 ST175 0000 MERCK&CO INC 04/20/06 09/01/06 7,090.78 6,137 98 952 80 ST

30 0000 NISSAN MTR LTD SPN ADR 07/29/05 09/07/06 '675:7_1 629 20 46.51 LT35 0000 NISSAN MTR LTD SPN ADR 07/29/05 09/14/06 790:22 734 07 56 15 LT39.0000 NISSAN MTR LTD SPN ADR 08/05/05 09/14/06 880:54 795 60 84.94 LT84.0000 NISSAN MTR LTD SPN ADR 09/23/05 09/14/06 1,696.55 1,85556 40 99 ST


El 00206282 360 of 365 Year Ending 12/31/06

60600 1 010

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Merrill Lynch

THE JOAN MITCHELL

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REALIZED CARITA&L GAIN AND LOSS SUMMARY

Quantity Security Description Date of Acquisition D"ateiof^Liquidation Sale Price Cost Basis Gain or (Loss)

14.0000 NISSAN MTR LTD SPN AE R. 1;0J.1`2/,05 09/14/06 316.09 311.64 4.45 ST180.0000 NISSAN MTR LTD SPN AE1. 0;1'/2346 '014/06 4;064104 3,912.39 151.65 ST165.0000 NISSAN MTR LTD SPN ADE2: 01/24/06 09/14/06 3,725.38 3,595.33 130.05 ST38.0000 NISSAN MTR LTD SPN ADI - 03/14/06 09/14/06 .85797,t . 890.33 (32.36) ST5.0000 NISSAN MTR LTD SPN ADR°:= - 03/14/06 -,09/14/06

- . • ..117.16 (4.32) ST

130.0000•

PETRLEO BRAS VTG SPD ADR 04120%06 09/05/06 11, 76575 12,595.65 (829.90) ST165.0000 PROGRESS ENERGY INC 041,20/06 -'09/05/06 7,255.41 7,021.97 233.44 ST60.0000 PROGRESS ENERGY INC 04%20/06, ';006/06 2,618.45 2,553.44 65.01 ST95.0000 PROGRESS ENERGY INC 04/207.06 , 09/07/06 4,136.76 4,042.95 93.81 ST95.0000 PROGRESS ENERGY INC 04/2p^/,06 09/08/06 - 4,146.83 4,042.95 103.88 ST110.0000 PROGRESS ENERGY INC O'4'G20706 09/11/06 4,810.71 4,681.31 129.40 ST135.0000 PROGRESS ENERGY INC 04/20%06 09/19/06 5,821.22 5,745.25 75.97 ST120.0000 PROGRESS ENERGY INC 0'4/20/06 09/20/06 5,207.96 5,106.89 101.07 ST30.0000 PROGRESS ENERGY INC 04/20/06 09121/06 1,299.58 1,276.72 22.86 ST140.0000 PROGRESS ENERGY INC 04/20/06 09722/06 6,096.52 5,958.04 138.48 ST50.0000 PROGRESS ENERGY INC 04/20/06 09725406 2,194.82 2,127.88 66.94 ST50.0000 PROGRESS ENERGY INC 05/23/06 091.25%06 2,194.83 2,070.00 124.83 ST

400.0000 PEABODY ENERGY CORP COM 04/20/06 09/1.1'/,06 14,509.35 23,716.00 (9,206.65) ST150.0000 PEABODY ENERGY CORP COM 04/28/06 09/16/0- 5,441.01 9,453.00 (4,011.99) ST200.0000 PROCTER & GAMBLE CO 04/20/06 09/26%06 - 12,468.15 11,296.00 1,172.15 ST250.0000 SCHLUMBERGER LTD 04/20/06 0025%06 14,040.86 16,859.55 (2,818.69) ST350.0000 YAHOO INC 04/20/06 09/;19/06 - 8,832.15 11,693.46 (2,861.31) ST900.0000 YAHOO INC 04/20/06 09120/06 23;019:84 30,068.92 (7,049.08) ST150.0000 YAHOO INC 04/28/06 •09/20/06 3,836.64 4,982.99 (1,146.35) ST175.0000 YAHOO INC 07/27/06 09/20/06 4,47.6.09 4,744.85 (268.76) ST

• 815.0000 CVS CORP DELAWARE COM 07/12/06 10/06/06 23,345.68 26,193.04 (2,847.36) ST110.0000 CVS CORP DELAWARE COft1 07/13/06 10/06/06 3,150:9;6 3,497.87 (346.91) ST

7.0000 CANON INC ADR REP5SH - 12/20104 10/12/06 383:50 260.21 123.29 LT51.0000 CANON INC ADR REP5SH- 12/23104 10/12/06 2,794.14 1,78670 1,007.44 LT27.0000 CANON INC ADR REP5SH 12/29/04 10/12/06 1,479.26 949.32 529.94 LT51 0000 CANON INC ADR REP5SH 12/29/04 10/13/06 2,741.71 1,793.16 948.55 LT4.0000 CANON INC ADR REP5SH 04/01/05 10/13/06 215 03 160 35 54 68 LT

52 0000 CANON INC ADR REP5SH 04/27/05 10/13/06' 2,795.48 1,837.50 957.98 LT3.0000 CANON INC ADR REP5SH 06/17/05 10/13/06 161 28 110.57 50.71 LT

28 0000 CANON INC ADR REP5SH 06/17/05 10/16/06 1,506.43 1,032.04 474.39 LT47 0000 CANON INC ADR REP5SH 06/27/05 10/16/06 2,528 66 1,691 28 837 38 LT150 0000 DANAHER CORP DEL COM 04/20/06 10/06/06 10,294.81 9,96349 331.32 ST175.0000 EOG RESOURCES INC 01/24/06 10/03/0.6 10,864.24 14,718.98 (3,854.74) ST60 0000 FRESH DEL MONTE PROD INC 04/20/06 09/27/06 1,066.49 1,237.20 (170.71) ST25 0000 FRESH DEL MONTE PROD INC 04/20/06 09/28/06 439 55 515.50 (75 95) ST


1 a en 00206283 of 365 Ye rEnding 1231/0636 I IIIIIII IIII VIII VII I VIII VIII

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Merrill Lynch

FHE JOAN MITCHELL

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Quantity Security Description Date of Acquisition Date of-,,Liquidation S ale Price Cos t Basis Gain or (Loss

480.0000 FRESH DEL MONTE PROD INC 04/20/06 10/13/06 7,798.99 9,897.60 (2,098 61) ST60.0000 FRESH DEL MONTE PROD INC 04%'20/06 10/16/06 9`68-96 1,237 20 (268.24) ST50.0000 FRESH DEL MONTE PROD INC 04/20/06 1.0/17/06 803.12 1,031.00 (227.88) ST35.0000 FRESH DEL MONTE PROD INC 04/20/06 10/18/06 562.66 721.70 (159.04) ST35.0000

_FRESH DEL MONTE PROD INC - 04/20(06 10/25/06 - 561:8.7 721.70 (159.83) ST

55.0000 FRESH DEL MONTE PROD INC 04/20706 10/26/06 886:08 1,134.10 (248.02) ST41.0000 GENENTECH INC NEW 01/2706 1'0'/.5/06 3,352.10 3,495.25 (143.15) ST12.0000 GENENTECH INC NEW 03/+14-'%06 - =1'0/05/06 981.11 998.16 (17.05) ST

170.0000 KEYCORP NEW COM 04/20/06 10/23/06 - 6,433.21 6,201.59 231.62 ST160.0000 KEYCORP NEW COM 04(20/06 10/26/06 6,017.04 5,836.80 180.24 ST50.0000 LOCKHEED MARTIN CORP 04/20/06 -1.0/26/06 4,254 55 3,844.60 409.95 ST

200.0000 MARRIOTT INTL INC NEW A 04/20706 1;0/04/06 7,683.90 7,340.22 343.68 ST90.0000 METLIFE INC COM 04/20/06 10712/06 5,084.40 4,507.20 577.20 ST

495.0000 METLIFE INC COM 04/20/06 10/13/06 28,038.75 24,789.60 3,249.15 ST215 0000 METLIFE INC COM 04/20/06 10/;1;6/06 12,207.00 10,767.20 1,439.80 ST625.0000 MERCK&CO INC 04/20/06 10%2370.6 28,380.81 21,921.37 6,45944 ST135.0000 PETRO CANADA 04/20/06 10/.1;2'/.06, 5,368.94 6,697.39 (1,328 45) ST170.0000 PETRO CANADA 04/20/06 10/):3i6 6;• 6,861.81 8,433.75 (1,571.94) ST45.0000 PETRO CANADA 04/20/06 1,842.30 2,232.47 (390.17) ST100.0000 PETRO CANADA 05/22/06 10/1:6%06' 4,094.03 4,052.00 42.03 ST45.0000 SENSIENT TECHNOLGY CORP 04/20/06 10/25%06 1,036.10 868.42 167.68 ST80.0000 SENSIENT TECHNOLGY CORP 04/20/06 10%26/06 - 1,843.52 1,543.86 299.66 ST

310.0000 SLM CORP 04/20/06 TO711/06 15;697:0;1' 16,606.69 (909.68) ST475,1101) SLM CORP 04/20/06 1`0/12/06 23768`.46 25,445.75 (1,677.29) ST065.0000 SLM CORP 04/20/06 10/13/06 3;1x43.91 3,48206 (338.15) ST100.0000 SLM CORP 04/28/06 10/13/06 4,836H81 5,279.00 (442.19) ST500.0000 AMERUS GROUP CO IOWA COM 04/20/06 11/16/06 34,500:00 28,998.65 5,501.35 ST380.0000 CADBURY SCHWEPPES ADR 04/20106 11/07/06 15,232 82 15,422.98 (190.16) ST370 0000 CADBURY SCHWEPPES ADR 04/20/06 11/08/06 14,819.56 15,017 12 (197 56) ST100.0000 CADBURY SCHWEPPES ADR 05/22/06 11/08/06 4,005.29 3,89490 110.39 ST26.0000 CANON INC ADR REP5SH 06/27/05 11/03/06 1,381.05 935.61 44544 LT19.0000 CANON INC ADR REP5SH 08/05/05 11/03,06' 1,009.24 632 26 376 98 LT18.0000 CANON INC ADR REP5SH 08/05/05 11/06'/06' 955.18 598 99 356.19 LT52 0000 CANON INC ADR REP5SH 09/23/05 11/06/,06 2,759 41 1,831 90 927.51 LT9.0000 CANON INC ADR REP5SH 10/12/05 11/06/06 477.59 321.60 155.99 LT

18 0000 CANON INC ADR REP5SH 01/23/06 11/06/06 95518 732 36 222 82 ST33 0000 CANON INC ADR REP5SH 01/24106 11/06/06 1,751.1'8 1,367 12 384 06 ST750000 CONAGRA FOODS INC 04/20/06 11/06/06 1,905`92 1,624.47 281 45 ST3450000 CONAGRA FOODS INC 04/20/06 11/071,06: 8,834,79 7,472 59 1,362 20 ST580 0000 CONAGRA FOODS INC - 04/20/06 11/0846 14,752.77 12,562 63 2,190 14 ST


x 00206284 362 of 365 Year Ending 12/31/06

6060D t 1 01

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HE JOAN MITCHELL

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Quantity Security Description

REALIZED CAPtIT;AFLGAIN AND LOSS SUMMARY

Date of Acquisition f liquidation Sale Price Cost Basis Gain or (Loss)

465 0000 CONAGRA FOODS INC 04/20/06 11121/06 11;686 : 02 10,071 , 76 1 614.26 ST290.0000 CONAGRA FOODS INC 04/20706 11 •/22/06 7 , 30846 6 , 281.32

,1 027.64 ST

195"0000 CONAGRA FOODS INC 04 /20/06 11 /24/06 4,886.89 4,223.65,663 24 ST155.0000 FRESH DEL MONTE PROD,INC 04 /20/06 10/27/06 2 , 520.73 3,196.10

.(675.37) ST

90.0000 FRESH DEL MONTE PROD (NC 04/20/06 10/30/06 1,47.9•;36 1,855.80 ( 376.44) ST•130 0000 FORTIS ( NL)-SPONS ADR 04/20'/.06 • 11/08/06 5,48935 4,712.50 776 85 ST

120.0000 FORTIS ( NL)-SPONS ADR , 04120`106 - • 11/09 /06 5,014.86 4,350 . 00.

664 86 ST25.0000 FORTIS ( NL)-SPONS ADR 04/20106 • -1',1714/06 1,049 . 96 906.25

.143.71 ST50.0000 FORTIS (NL)-SPONS ADR 04/20'/06 11/15/06 2 , 099.93 1,812.50 287.43 ST170.0000 KEYCORP NEW COM 04/20%06 10/27/06 6,346.16 6,201.60 144 56 ST

60.0000 KEYCORP NEW COM 04/20/06 11 /01/06 2,236.81 2 , 188.80.

48 01 ST210.0000 KEYCORP NEW COM 04/20/06 11 /02/06 7,7.67.14 7 , 660.80

.106.34 ST

155.0000 KEYCORP NEW COM 04 /20/06 11/03/06 5,705:25 5 , 654.40 50.85 ST200.0000 KEYCORP NEW COM 04 /20/06 11:106 /06 7,381 . 29 7,296 . 00 85 29 ST400.0000 LOCKHEED MARTIN CORP 04/20/06 10/27/06 33,765.56 30,756.89.

3 008.67 ST50.0000 LOCKHEED MARTIN CORD 04/28 /06 10/27/06 4,220 . 69 3,773.50,447 19 ST50.0000 LOCKHEED MARTIN CORP 09/26 /06 10/27/06 4,220 . 70 4,286 .34

.(65.64) ST100.0000 PHELPS DODGEPV6 25 05/24/06 11 /,21/06 11,825 . 72 8,298 .42 3 527.30 ST65.0000 SIEMENS AG ADR 04/20/06 11 /21'%06 6 , 334.51 6 , 215.30

,119 21 ST35.0000 SIEMENS AG ADR 04/20/06 11/22/•06 3 , 433.27 3,346.70 86 57 ST555 0000 TAIWAN S MANUFCTRING ADR 04/20/06 11/:1'5/06 5 , 504.43 5,876.65

.( 372.22) ST1,430.0000 ASML HLDNG NV NY REG SHS 04/20/06 12720 /06 34,889.20 30 887.85 4 001 35 ST270.0000 ASML HLDNG NV NY REG SHS 04/20/06 -12/21/06 6;526;50

,831.985

, .694 52 ST200.0000 ASML HLDNG NV NY REG,SHS 04/28/06 - 12/21/06 4;83445

,4,229.98

.604 47 ST86.0000

• 200.0000ASML HLDNG NV NY REG,SHSASML HLDNG NV NY REG SHS

12 /06/0612/12/06

12/21/0612/21/06

2 , 0,718.814;83 %4

2,155.15.

(76.34) ST4 6 5 , 002.00 (167.54) ST175 0000 APPLE COMPUTER INC 10/13/05 12/07/06 15,40"4:37 9,054.28 6 350.09 LT73.0000 APPLE COMPUTER INC 10/13 /05 12/13/06 6,47635 3,776 . 93

,2 699.42 LT2.0000 APPLE COMPUTER INC 01/23 /06 12/13/06 177 .44 156.18

,21 26 ST35.0000 CANADIAN NATL RAILWAY CO 04/20/06 12 / 15/06 1,571 71 1 , 673.60

.( 101.89) ST90.0000 CANADIAN NAIL RAILWAY •CO 04/20/06 12/18/06 4,038.57 4,303.56 (264 99) ST10 0000 DASSAULT SYS SA SPN ADR 04/20/06 12 / 18/06 537 , 29 553 70 (16.41) ST240.0000 DASSAULT SYS SA SPN ADR 04/20/06 12/19106 12 , 627.26 13,288.80 (661 54) ST450 0000 FEDRTD DPT STORS DEL NEW 09 / 14/06 12/ 11/06 17,791 . 51 18,735.57 (944 06) ST20 0000 FRESH DEL MONTE PROD INC 04 /20/06 12 / 13/06 300.42 412.40 (111 98) ST75 0000 FRESH DEL MONTE PROD INC 04 /20/06 12/14/06 1,130.27 1 , 54650 (416 23) ST150 0000 FRESH DEL MONTE PROD INC 04/20/06 12/15/06 2 ,304;97 3,09301 (788 04) ST155.0000 FRESH DEL MONTE PROD INC 04 /28/06 12 / 15/06 2 , 381-'82 2,921.75 ( 539 93) ST45 0000

'FRESH DEL MONTE PROD INC 04/28/06 12 /18/06 703.87 848.25 (144 38) ST145 0000 FRESH DEL MONTE PROD INC 05/23/06 12 / 18/06 2 , 268.03 2,475 15 ( 207.12) ST

PLEASE SEE REVERSE SIDE- Page Statement Period

X 00206285 363 of 365 Year Ending 12/31/06I Î(I ^^^ IIII IÎII IIII I

II I I

Î VIII VI I VIII IÎ^ (IIIi I I r ,? ^;,^

Merri ll Lynch

HE JOAN MITCHELL

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Quantity Security Description . Date of Acquisition Date of-Liquidation Sale Price Cost Basis Gain or (Loss

5.0000 FRESH DEL MONTE PROD INC 05/23/,06 1-2/21/06 76.99 85.35 (8.36) ST1,000.0000 GENERAL ELECTRIC 04120106, 1/2/11/06 '- • 35;231.41 34,019.60 1,211.81 ST

25.0000 GOOGLE INC CL A 09/15/06 11'728/06 ' - . 12,093.79 10,207.49 1,886.30 ST205.0000 GENZYME CORPORATION 05/18/06 12/13/06 12;337.85 12,102.75 235.10 ST420.0000 GENZYME CORPORATION ----- - ---- 05/181,06 ---12/14/06 944.78 24,795.88 1,148.90 ST• 21.0000 GENZYME CORPORATION 12/06206 12/14/06 1,297.24 1,318.80 (21.56) ST

65.0000 IDEARC INC - 0420/06 - 1,2101/06 1,805.26 1,555.08 250.18 ST5.0000 IDEARC INC 05/2`31,06-: 1'2701/06 138.87 113.27 25.60 ST

49.0000 NOVARTIS ADR 02164164 12/04/06 2,809.02 2,258.90 550.12 LT30.0000 NOVARTIS ADR 12/2070;4 12/04/06 1,719.81 1,476.90 242.91 LT21.0000 NOVARTIS ADR 1.2/23%0`4 12/04/06 1,203.87 1,043.07 160.80 LT33.0000 NOVARTIS ADR .12/29704 1.2/04/06 1,891.80 1,663.20 228.60 LT1.0000 NOVARTIS ADR 04/01/05 1.2/04/06 57.32 46.52 10.80 LT

16.0000 NOVARTIS ADR 04/27/05 12/04/06 917.25 764.31 152.94 LT20.0000 NTT DOCOMO INC SPD AIR 04/20/06 12708/06

'307.07 292.74 14.33 ST

935.0000 NTT DOCOMO INC SPD ADR 04/20/06 12/'1 1/,06 14,074 58 13,685.90 388.68 ST100.0000 RWE AG SPONSORED AD12- 04/20/06 12/08%06 11,670.09 9,005.00 2,665.09 ST100.0000 RWE AG SPONSORED AM 04/20/06 12/13106= 11,624.64 9,005.00 2,619.64 ST25.0000 RWE AG SPONSORED ADR• 04/20/06 12/20/06' 2,852.41 - 2,251.25 601.16 ST175.0000 ROCHE HLDG LTD SP.4`•ADR 04/20/06 12/19706' 15,684.55 12,906.25 2,778.30 ST400.0000 3M COMPANY - V 04/20/06 12101/06 31,975.93 33,148.00 (1,172.07) ST50.0000 3M COMPANY 05/22/06 1,2/01/06 3,997.00 4,140.00 (143.00) ST

900.0000 WAL-MART STORES INC. 09/11/06 11730/06 41-648.74 41,857.74 (209.00) ST

•


El00206286 364 of 365 Year Ending 12/31/06

;iMD t 1 0 f

MerrillTaxpayer No PageLynch 11-3161054 8 of 36

THE JOAN MITCHELL FOUNDATION2006 ANNUAL STATEMENT SUMMARY

Your Tax Reporting Statement information that follows is a personal summary of your account activity and is not reported to the IRS.

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy ppprincipal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassilications . Please refer to information provideby the RIC and discuss with your tax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss ) are available . The cost basis for most Original Issue Discount (" DID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event , we assumed the fair market value of the debt security on purchasedate was eq ual to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract . In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted; it wasassumed that the oldest position was liquidated first , and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience. Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor. For select clients, we have also included a summary of Visa charges and checking activity.

•errillLynch is neither a tax return preparer or tax advisor. Please see your tax advisor for more information.

2006 CAPITAL GAIN AND LOSS TRANSACTIONS

Date Acquired Date Liquidated Amortization/AccretionSecurity Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

SHORT TERM CAPITAL GAINSABBOTT LABS 35.0000 01/23/06 04/19/06 1,440.33 1,410.50 29.83

65.0000 01/24/06 04/19/06 2,674.89 2,608.45 66.44

ADOBE SYS DEL PV$ 0.001 10.0000 10/25/05 04/19/06 373.08 317.94 55.14260.0000 10/26/05 04/19/06 9,700.32 8,683.61 1,016.71230.0000 11/02/05 04/19/06 8,581.06 7,554.24 1,026.82

AFFILIATED MANAGERS GRP 178.0000 03/28/06 04/19/06 18,413.53 18,410.81 2.72

^BB LTD SPON ADR 111.0000 04/27/05 04/19/06 1,489.57 676.00 813 57148.0000 06/17/05 04/19/06 1,986.09 1,028.60 957.49361.0000 06/27/05 04/19/06 4,844.47 2,476.46 2,368.01183.0000 08/05/05 04/19/06 2,455.78 1,295.64 1,160.14377.0000 09/23/05 04/19/06 5,059.18 2,71440 2,344.7864.0000 10/12/05 04/19/06 858.85 467 84 391.01

190.0000 01/23/06 04/19/06 2,549.72 2,05200 497.72315.0000 01/24/06 04/19/06 4,227.18 3,291 75 935 4351 0000 03/14/06 04/19/06 684 41 633 42 50 99

n

Merrill1,vnch


Taxpayer No.11-3161054

2006 ANNUAL STATEMENT SUMMARY

Page9of3&

Security Description Quantity


Date Acquired Date Liquidated Amortization/AccretionCover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

AIRGAS INC COM 216.0000 03/28/06 04/19/06 8,810.36 8,402.75 407.61

67.0000 03/28/06 04/19/06 2,732.84 2,606.41 126.4370.0000 03/29/06 04/19/06 2,855.22 2,749.69 105.53

CAN INC 73 .0000 05/19/05 04/19/06 3,814.05 2,266.82 1,547.2310.0000 06/17/05 04/19/06 522.47 318.60 203.8726.0000 06/27/05 04/19/06 1,358.43 795.60 562.8390.0000 07/08/05 04/19/06 4,702.26 2,790.32 1,911.94

21.0000 08/05/05 04/19/06 1,097.19 694.47 402.7242.0000 09/23/05 04/19/06 2,194.39 1,307.88 886.517.0000 10/12/05 04/19/06 365.73 220.99 144.74

80.0000 11/08/05 04/19/06 4,179.80 2,806.86 1,372.9421.0000 01/23/06 04/19/06 1,097.19 898.38 198.8154.0000 01/24/06 04/19/06 2,821.37 2,334.96 486.4121 0000 03/14/06 04/19/06 1,097.21 920 01 177.20

ACXIOM CORP COM 29.0000 04/27/05 04/19/06 768.18 550.42 217.76

110.0000 05/12/05 04/19/06 2,913.81 1,851.73 1,062.0827.0000 06/17/05 04/19/06 715.21 563.49 151.7261.0000 06/27/05 04/19/06 1,615.84 1,249.28 366.5638.0000 08/05/05 04/19/06 1,006.59 745.94 260.6520.0000 08/22/05 04/19/06 529.78 395.27 134 5175.0000 09/23/05 04/19/06 1,986.70 1,424.24 562.46•12.0000 10/12/05 04/19/06 317.87 227.28 90.5940.0000 01/23/06 04/19/06 1,059.57 941 16 118.4165.0000 01/24/06 04/19/06 1,721.81 1,537 24 184.5727.0000 03/14/06 04/19/06 715.22 710.64 4 58

AFLAC INC COM 66.0000 04/27/05 04/19/06 3,037.22 2,597.10 440.1238.0000 06/17/05 04/19/06 1,748.70 1,66136 87.34

95.0000 06/27/05 04/19/06 4,371.77 4,12015 251 62

42.0000 08/05/05 04/19/06 1,932.78 1,83540 97 38106.0000 09/23/05 04/19/06 4,877.98 4,754 10 123 88

2 0000 10/12/05 04/19/06 92.03 88 92 3.11

Merrill nch Taxpayer No. PageLy 11-3161054 10 of 36




ACADIA REALTY TRUST 35.0000 04/20/06 10/19/06 928.29 784.00 144.2937.0000 04/20/06 11/03/06 926.08 828.79 97.2941.0000 04/20/06 11/22/06 1,087.50 918.40 169.10

• 53.00007.0000

04/20/0604/20/06

12/01/0612/04/06

1,356.75182.28

1,187.20156.81

169.5525.47

48.0000 04/25/06 12/04/06 1,249.92 1,062.72 187.2018.0000 04/25/06 12/05/06 465.86 398.52 67.3425.0000 04/28/06 12/05/06 647.04 565.36 81.683.0000 04/28/06 12/06/06 75.98 67.85 8.13

48.0000 05/05/06 12/06/06 1,215.81 1,098.72 117.0930.0000 05/05/06 12/07/06 763.14 686.70 76.4428.0000 05/12/06 12/07/06 712.27 610.40 101.87

AMERICAN FINL RLTY TR 50.0000 06/01/06 06/30/06 504.68 495.49 9.19

ASTRAZENECA PLC SPND ADR

•AETNA INC NEW

22.0000 04/27/05 04/19/06 1,161.34 960.52 200.8213.0000 06/17/05 04/19/06 686.25 540.80 145.4531.0000 06/27/05 04/19/06 1,636.44 1,266.66 369.7815.0000 08/05/05 04/19/06 791.82 696.75 95.0733.0000 09/23/05 04/19/06 1,742.02 1,549.35 192.675.0000 10/12/05 04/19/06 263.94 237.10 26.84

15.0000 01/23/06 04/19/06 791.83 706.95 84.8831.0000 01/24/06 04/19/06 1,636.44 1,443.67 192.7714.0000 03/14/06 04/19/06 739 05 711.62 27.43

80.0000 04/27/05 04/19/06 3,598.89 2,860.80 738.0944.0000 06/17/05 04/19/06 1,979.39 1,827.32 152.07

104.0000 06/27/05 04/19/06 4,678.57 4,278 56 400.0166.0000 08/05/05 04/19/06 2,969.09 2,532.75 436.34100.0000 09/23/05 04/19/06 4,498.62 4,130.00 368 6218.0000 10/12/05 04/19/06 809.75 733.68 76.0746.0000 01/23/06 04/19/06 2,069 37 2,046.54 22 83110.0000 01/24/06 04/19/06 4,94849 4,94395 4.54

,l.C`CMerrill nch

Taxpayer No. Page)Tvt74] y 11-3161054 11 of 36




ABN-AMRO HOLDING NV ADR 52.0000 04/27/05 04/19/06 1,571.39 1,244.88 326.51

30.0000 06/17/05 04/19/06 906.57 739.20 167.37

74.0000 06/27/05 04/19/06 2,236.21 1,79894 437.27•37.0000 08/05/05 04/19/06 1,118.10 898.73 219.37

77.0000 09/23/05 04/19/06 2,326.87 1,822.59 504 28

13.0000 10/12/05 04/19/06 392.84 303.81 89.03

30.0000 01/23/06 04/19/06 906.57 795.60 110.97

78.0000 01/24/06 04/19/06 2,357.10 2,071.68 285.42

31.0000 03/14/06 04/19/06 936.81 926.28 10.53

BROOKFIELD PPTYS CRP COM 27.0000 04/20/06 07/28/06 907.47 869.39 38.08

14.0000 04/20/06 08/03/06 474.69 450.80 23.8912.0000 04/20/06 08/04/06 411.44 386.40 25.0498.0000 04/20/06 08/16/06 3,276.70 3,155.60 121.10132.0000 04/20/06 08/28/06 4,404.00 4,250.40 153.6032.0000 04/20/06 08/29/06 1,077.86 1,030.40 47.46

21.0000 04/20/06 09/14/06 769.15 676.21 92.941.0000 04/25/06 09/14/06 36.63 31.61 5.02

29.0000 04/25/06 09/15/06 1,069.77 916.80 152.97

66.0000 04/25/06 09/20/06 2,404.39 2,086.52 317.87

16.0000 04/25/06 09/21/06 575.98 505.82 70.1615.0000 04/25/06 09/26/06 543.69 474.22 69.47

17.0000 04/28/06 09/26/06 616.19 540.29 75.90•35 0000 04/28/06 10/02/06 1,233.30 1,112.38 120.92

15.0000 05/05/06 10/02/06 528.57 485 09 43.4887.0000 05/05/06 10/10/06 3,136.61 2,813.58 323.03

29.0000 05/05/06 10/11/06 1,056.87 937.86 119.01

22.0000 05/05/06 10/17/06 808.51 711.48 97.0320 0000 05/05/06 10/19/06 736.25 646 81 89.4437.0000 05/12/06 10/19/06 1,362.09 1,149.22 212 87

9.0000 05/12/06 10/23/06 334.89 279 54 55 35

BOSTON PPTYS INC 14.0000 04/20/06 10/18/06 1,467.38 1,248.37 219.01

11 0000 04/20/06 10/20/06 1,14875 980 87 167 88

NJ

Merrillnch Taxpayer No . Page

11-3161054 12 of 36




BIOMED REALTY TR INC 49.0000 04/20/06 07/28/06 1,449.57 1,364.65 84.9244.0000 04/20/06 08/10/06 1,273.54 1,225.40 48.1437.0000 04/20/06 10/18/06 1,163.82 1,030.45 133.37

• 33.000080.0000

04/20/0604/20/06

10/19/0610/24/06

1,038.582,505.38

919.052,228 02

119.53277.36

27.0000 04/20/06 11/20/06 815.07 751 96 63.1135.0000 04/25/06 11/20/06 1,056.58 963.60 92.9869.0000 04/25/06 11/21/06 2,087.71 1,899.68 188.0339.0000 04/28/06 11/21/06 1,180.01 1,083.55 96.46

129.0000 05/05/06 11/21/06 3,903.12 3,719.07 184.0536.0000 05/12/06 11/21/06 1,089.25 1,019.37 69.88

CAMDEN PPTY TR COM SBI 12.0000 04/20/06 07/17/06 875.07 815.82 59.2530.0000 04/20/06 07/18/06 2,206.57 2,039 56 167.0111.0000 04/20/06 07/19/06 826 61 747.84 78.7738.0000 04/20/06 12/28/06 2,771.63 2,583.45 188.18

CORP OFFICE PPTYS TRUST 35.0000 05/31/06 11/30/06 1,742.94 1,371.28 371.6632.0000 06/06/06 11/30/06 1,593.55 1,310.63 282.9230.0000 06/19/06 11/30/06 1,493.96 1,235.88 258.081.0000 06/20/06 11/30/06 49.80 41.07 8.73

COLUMBIA EQUITY TR INC 76.0000 04/20/06 11/08/06 1,428.77 1,265.40 163.3730.0000 04/25/06 11/08/06 563.99 480.30 83.69•12.0000 04/28/06 11/08/06 225.59 192 60 32.9938.0000 05/05/06 11/08/06 714.40 613.70 100.703.0000 05/05/06 11/09/06 56.37 48.45 7.92

11.0000 05/12/06 11/09/06 206.71 161.08 45.6345.0000 05/25/06 11/09/06 845.66 666 80 178.8641 0000 05/25/06 11/10/06 770.77 607.52 163 2539.0000 05/25/06 11/13/06 733.22 577.89 155.3329.0000 05/25/06 11/16/06 545.18 429 72 115 4635 0000 05/25/06 11/17/06 657 97 518 63 139.34

DOUGLAS EMMETT INC 36 0000 10/24/06 11/01/06 858 61 847 33 11 28

Merrill L nchTaxpayer No. PageY 11-3161054 13 of 36




EQUITY RESIDENTIAL 25.0000 04/20/06 09/26/06 1,234.84 1,113.74 121.1055.0000 04/20/06 09/29/06 2,780.36 2,450.25 330.1138.0000 04/20/06 10/04/06 1,954.63 1,692.90 261.73

•UITY OFFICE PPTYS SBI 85.0000 11/08/06 11/28/06 4,088.61 3,522.69 565.923.0000 11/08/06 12/07/06 144.55 124.34 20.21

65.0000 11/09/06 12/07/06 3,132.00 2,731.35 400.6556.0000 11/15/06 12/07/06 2,698.35 2,447.66 250.6916.0000 11/15/06 12/08/06 771.19 699.34 71.854.0000 11/17/06 12/08/06 192.80 178.43 14.37

33.0000 11/17/06 12/11/06 1,591.98 1,472.06 119.9033.0000 11/17/06 12/12/06 1,591.38 1,472.09 119.29

GENERAL GRWTH PPTYS INC 30.0000 04/20/06 11/02/06 1,512.76 1,403.40 109.3674.0000 04/20/06 11/08/06 3,50904 3,461.71 47.3366.0000 04/20/06 11/15/06 3,141.10 3,087.48 53.6229.0000 04/20/06 11/16/06 1,392.10 1,356.63 35.4750.0000 04/25/06 11/16/06 2,400.18 2,320.00 80.1827.0000 04/25/06 11/20/06 1,380.56 1,252.80 127.7631.0000 04/28/06 11/20/06 1,585.10 1,460.72 124.3823.0000 05/05/06 11/20/06 1,176.05 1,090.19 85.8668.0000 05/05/06 11/21/06 3,524.51 3,223.21 301.30

IWH COMMUNITI

47.0000 05/12/06 11/21/06

/2 /0

2,436.06 2,133.48 302.58

ES TR 56 0000 04/20/06 10 7 6 780.41 690.30 90.11

HERSHA HOSPTLTY TR A SBI 54.0000 04/25/06 09/22/06 527.93 486.02 41.9126.0000 05/05/06 09/22/06 254 20 244 92 9.28

HIGHLAND HOSPITALITY 27 0000 04/20/06 08/02/06 366 11 333.45 32.6631 0000 04/20/06 08/03/06 424 32 382.85 41.4744 0000 04/20/06 08/04/06 611 24 543.40 67.8466.0000 04/20/06 08/07/06 910.77 815.10 95.6744 0000 04/25/06 08/07/06 607 18 553.33 53 8519 0000 04/25/06 08/08/06 262 32 238 95 23 37

Merrill L, nchTaxpayer No. Page11-3161054 14 of 36




HIGHLAND HOSPITALITY 24.0000 04/28/06 08/08/06 331.36 309.60 21.762.0000 05/05/06 08/08/06 27.62 26.45 1.17

83.0000 05/05/06 08/14/06 1,103.85 1,098.10 5.75

Q

20.0000 05/12/06 08/14/06 266.00 247.20 18.80

IMCO REALTY CORP MD COM 18.0000 04/20/06 10/19/06 805 86 672.17 133.6942.0000 04/20/06 10/30/06 1,853.57 1,568.39 285.1811.0000 04/20/06 10/31/06 486.00 410.77 75.23

LIBERTY PPTY TR SBI 25.0000 04/20/06 07/12/06 1,121.26 1,115.31 5.9565.0000 04/25/06 07/14/06 2,871.27 2,857.40 13.8749.0000 05/05/06 07/19/06 2,184.63 2,177.56 7.0720.0000 05/12/06 07/19/06 891.69 872.40 19.29

MACK CALI REALTY CORP 36.0000 04/20/06 06/06/06 1,627 23 1,621.44 5.7933.0000 04/20/06 10/18/06 1,725.13 1,486.32 238.8126.0000 04/20/06 10/24/06 1,352.44 1,171.04 181.40

PUBLIC STORAGE INC $0.10 61.0000 04/20/06 07/05/06 4,746.47 4,728.72 17.75

PAN PACIFIC RETAIL PPTYS 39.0000 04/20/06 07/20/06 2,688.99 2,653.94 35.0537.0000 04/20/06 07/24/06 2,550.33 2,517.86 32.477.0000 04/25/06 07/24/06 482.50 469.13 13.37

23.0000 04/25/06 07/25/06 1,58696 1,541.47 45.49•13.0000 04/28/06 07/25/06 896 97 873.60 23.375.0000 05/05/06 07/25/06 345.00 337.75 7.25

14.0000 05/05/06 07/28/06 967 06 945.70 21.3618.0000 05/05/06 08/07/06 1,246.67 1,215.90 30.7710.0000 05/12/06 08/07/06 692.61 669.00 23.61

STARWOOD HOTELS AND 32.0000 04/20/06 09/05/06 1,772 70 1,762.23 10.4715.0000 04/20/06 09/12/06 892.86 826 05 66 8147.0000 04/20/06 10/05/06 2,841 70 2,588 30 253.4032 0000 04/25/06 11/22/06 2,09398 1,687 35 406 63

6^S Merrill Lynch


Taxpayer No.

11-3161054

2006 ANNUAL STATEMENT SUMMARY


Page

15 of 36


SPIRIT FIN CORP

is

TANGER FACTORY OUTLT CEN

U-STORE-IT TR

SHORT TERM CAPITAL LOSSES

76.0000 04/25/06 10/16/06 885.66 860.82 24.8436.0000 04/25/06 10/19/06 412.97 407.77 5.2039.0000 04/28/06 10/30/06 449.40 448.90 .50

142.0000 05/05/06 10/30/06 1,636.31 1,625.90 10.4124.0000 05/12/06 10/30/06 276.57 274 32 2.25

40.0000 04/20/06 09/06/06 1,414.39 1,338.48 75.9140.0000 04/20/06 09/07/06 1,401.89 1,338.48 63.4119.0000 04/20/06 09/12/06 676.32 635.78 40.5436.0000 04/25/06 09/12/06 1,281.46 1,199.52 81.9421.0000 04/28/06 09/13/06 750.70 688.92 61.7814.0000 05/05/06 09/13/06 500.47 468.68 31.7930.0000 05/05/06 09/18/06 1,067.55 1,004.33 63.2216.0000 05/12/06 09/18/06 569.37 508.48 60.89

47.0000 04/20/06 09/08/06 962.06 853.05 109.0152.0000 04/20/06 09/12/06 1,060.51 943.79 116.727.0000 04/20/06 10/18/06 156.83 127.06 29.77

29 0000 04/25/06 10/18/06 649.73 536.49 113.2412.0000 04/25/06 10/19/06 267.29 222.01 45.2820.0000 04/28/06 10/19/06 445.48 365.40 80.086.0000 05/05/06 10/19/06 133.65 107.91 25.74

Subtotal 357,812.52 312,808.27 45,004.25

ABBOTT LABS 137.0000 04/27/05 04/19/06 5,637.84 6,618.85 (981.01)71.0000 06/17/05 04/19/06 2,921.80 3,49391 (572.11)

166.0000 06/27/05 04/19/06 6,831.25 8,125.70 (1,294.45)28.0000 08/05/05 04/19/06 1,152.26 1,307 60 (155.34)69.0000 09/23/05 04/19/06 2,839.49 3,059 46 (219 97)30000 10/12/05 04/19/06 123 45 126 06 (2.61)

31 0000 03/14/06 04/19/06 1,275 73 1,398 72 (122 99)

3

Merrill nch Taxpayer No. PageY 11-3161054 16 of 36




ADOBE SYS DEL PV$ 0.001 40.0000 01/23/06 04/19/06 1,492.36 1,539.96 (47.60)114.0000 01/24/06 04/19/06 4,253.22 4,409.51 (156.29)20.0000 03/14/06 04/19/06 746.19 748.38 (2.19)

•FLAC INC COM 60.0000 01/23/06 04/19/06 2,761 12 2,835.60 (74.48)99.0000 01/24/06 04/19/06 4,555.85 4,656.96 (101.11)49.0000 03/14/06 04/19/06 2,254.93 2,265.76 (10.83)

AMERICAN FINL RLTY TR 105.0000 04/20/06 06/28/06 1,028.96 1,211.64 (182.68)95.0000 04/20/06 06/29/06 942.44 1,096.26 (153.82)24.0000 04/20/06 06/30/06 242.24 276.95 (34.71)87.0000 04/25/06 06/30/06 878.14 981.36 (103.22)39.0000 04/28/06 06/30/06 393.65 441.48 (47.83)97.0000 06/01/06 07/11/06 950.55 961.28 (10.73)

AETNA INC NEW 35.0000 03/14/06 04/19/06 1,574.53 1,783.60 (209.07)

DIGITAL RLTY TR INC 55.0000 04/20/06 06/06/06 1,382.73 1,607.32 (224.59)

EQUITY ONE 70.0000 04/20/06 06/08/06 1,569.16 1,630.30 (61.14)47 0000 04/20/06 06/23/06 964.66 1,094.63 (129.97)4.0000 04/25/06 06/23/06 82.10 91.34 (9.24)

40.0000 04/25/06 06/26/06 825.50 913.43 (87.93)20 0000 04/28/06 06/26/06 412.76 460.00 (47 24)•5.0000 05/05/06 06/26/06 10319 114.24 (11.05)

25.0000 05/05/06 06/28/06 511.69 571.25 (59 56)13.0000 05/05/06 06/29/06 269.31 297.05 (27 74)13 0000 05/05/06 06/30/06 269.38 297.06 (27.68)18.0000 05/12/06 06/30/06 373.01 389.70 (16.69)

Merrill h nch Taxpayer No . Page

Y 11-3161054 17 of 36




LIBERTY PPTY TR SBI 14.0000 04/20/06 05/31/06 598.43 624.57 (26.14)32.0000 04/20/06 06/01/06 1,370.56 1,427.60 (57.04)74.0000 04/20/06 07/07/06 3,291.11 3,301.32 (10.21)19.0000 04/20/06 07/14/06 839.29 847.65 (8.36)•11.0000 04/28/06 07/14/06 485.91 492 69 (6.78)

9.0000 04/28/06 07/17/06 394.98 403.11 (8.13)35.0000 05/05/06 07/17/06 1,536.06 1,555.40 (19.34)

LASALLE HOTEL PPTYS BN I 33.0000 04/20/06 10/18/06 1,388.26 1,440.11 (51.85)25.0000 04/20/06 10/19/06 1,063.79 1,091.00 (27.21)34.0000 04/20/06 10/27/06 1,436.45 1,483.76 (47.31)

MACK CALI REALTY CORP 54.0000 04/20/06 05/25/06 2,335.41 2,432.15 (96.74)25.0000 04/20/06 06/02/06 1,094.92 1,126.00 (31.08)

PUBLIC STORAGE INC $0.10 15.0000 04/20/06 06/27/06 1,093.56 1,162.79 (69.23)15.0000 04/20/06 06/28/06 1,093.81 1,162.80 (68.99)

29.0000 04/20/06 07/03/06 2,226.81 2,248.08 (21.27)

REPUBLIC PPTY TR 94.0000 04/20/06 05/26/06 963.46 1,143.98 (180.52)10.0000 04/25/06 05/26/06 102.50 117.34 (14.84)25.0000 04/25/06 07/18/06 253.73 293.35 (39.62)19.0000 04/28/06 07/18/06 192.84 217.91 (25.07)•31.0000 05/05/06 07/18/06 314.65 360.53 (45 88)16.0000 05/05/06 07/19/06 162 39 186.08 (23.69)18.0000 05/12/06 07/19/06 182.69 184.50 (1.81)

SPIRIT FIN CORP 40.0000 04/20/06 06/08/06 462.46 475 25 (12.79)110.0000 04/20/06 06/29/06 1,232.58 1,306.95 (74 37)40.0000 04/20/06 10/12/06 456.14 475 25 (1911)91.0000 04/20/06 10/13/06 1,052.88 1,081 21 (28 33)

7 0000 04/20/06 10/16/06 81.57 83 18 (1 61)

Merrillnch Taxpayer No . Page

IWTD9911 li y 11-3161054 18 of 36




SPIRIT FIN CORP 7.0000 04/28/06 10/ 19/06 80 . 30 80 .56 (.26)Subtotal 75 , 407.03 81 , 610.48 (6,203.45)

•ET SHORT TERM CAPITAL GAIN (LOSS) 38,800.80

LONG TERM CAPITAL GAINSACXIOM CORP COM 42.0000 02/04/04 04/19/06 1,112.54 780.19 332.35

20.0000 09/28/04 04/19/06 529.78 458.37 71.4136.0000 12/20/04 04/19/06 953.61 933.12 20.4928.0000 12/23/04 04/19/06 741.69 735.28 6.4141.0000 12/29/04 04/19/06 1,086.05 1,084.45 1.602.0000 04/01/05 04/19/06 52.97 41.08 11.89

AFLAC INC COM 136 0000 02/04/04 04/19/06 6,258.52 5,267.56 990.9687.0000 12/20/04 04/19/06 4,003.61 3,452.16 551.45

61.0000 12/23/04 04/19/06 2,807.13 2,452.20 354.93

94.0000 12/29/04 04/19/06 4,325.74 3,777.86 547.886.0000 04/01/05 04/19/06 276.11 224.76 51.35

ASTRAZENECA PLC SPND ADR 100.0000 01/27/05 04/19/06 5,278.83 3,766.30 1,512.5334.0000 04/01/05 04/19/06 1,794.80 1,346.74 448.06

ETNA INC NEW 200 0000 02/23/05 04/19/06 8,997.24 6,943.91 2,053 33

022.0000 04/01/05 04/19/06 989 69 817.19 172.50

ABN-AMRO HOLDING NV ADR 14.0000 12/29/04 04/19/06 423 06 371.42 51.644 0000 04/01/05 04/19/06 120.87 98 84 22.03

Subtotal 39,752.24 32,551.43 7,200.81

NET LONG TERM CAPITAL GAIN (LOSS) 7,200.81

TOTAL CAPITAL GAINS AND LOSSES 472,971.79 426,970.18 46,001.61

TOTAL REPORTABLE GROSS PROCEEDS 472,971.79

DIFFERENCE .00

• THE JOAN MITCHELL FOUNDATION,C.EIN 11 -3161054 /TAX YEAR 2006t

SCHEDULE OF ARTWORK SALES

SELLINGINVENTORY # PRICE

COST PLUSEXPENSE GAIN /OF SALE (LOSS)

MITC 1549 1,620,000 1,046,000 574,000MITC 410 1,250,000 830,000 420,000MITC 1499 180,000 71,500 108,500MITC 1489 135,000 82,500 52,500MITC 406 1,260,000 819,000 441,000MITC 1495 175,000 77,000 98,000MITC 603 864,000 531,000 333,000MITC 1475 1,000,000 510,000 490,000MITC 650 250,000 138,000 112,000MITC 649 250,000 138,000 112,000MITC 351 2,250,000 1,355,000 895,000MJTC 616 1,260,000 819,000 441,000MITC 755 150,000 80,000 70,000MITC 777 95,000 53,000 42,000MITC 41 1,650,000 660,000 990,000MITC 1355 2,400,000 1,175,000 1,225,000MITC 595 850,000 465,000 385,000MITC 1080 55,000 30,500 24,500

MITC 776 135,000 65,000 70,000

15,829,000.00 8,945,500 6,883,500

SCHEDULE OF PRINT SALES

J M 81-534 7,650 4,460 3,190JM 51-533 4,050 3,370 680M ITC 1266 3,150 2,100 1,050MITC 1266 3,150 2,100 1,050JM 91-2013 4,950 3,730 1,220J M 91-2020 3,600 2,840 760JM 91-2018 3,600 2,490 1,110JM 91-2013 4,950 3,730 1,220JM 91-2011 10,800 7,820 2,980JM 81-533 8,000 4,950 3,050JM 91-2008 10,800 7,820 2,980

64,700 45,410 19,290

• •

THE JOAN MITCHELL FOUNDATION, INC.EIN 11 -3161054

FORM 990PF , TAX YEAR DECEMBER 31, 2006PART XV-LINE 3a-GRANTS PAID

Paid in2,006

2005 GRANTSRay AbeytaManuel AcevedoSachiko AkiyamaChris BallantyneWillie BirchRosalyn BodycombSteven DeoMark DionWei DongStephen EllisLonnie HolleyMei-Ling HomShih-Chieh HuangYoko InoueKristen MorginRebecca PurdumJoe Ramiro GarciaSean RussellPaul SmithDan SteinhilberFred StonehouseRenee StoutMarie WattYunko YamaguchiSunkoo Yuh

2006 GRANTSBrian AlfredJohn BisbeeMaria BritoEinar and Jamex de la TorreXiomara De OliverLilian Garcia-RoigSeonna Hong

Brad Kahlhamer

Rajkamal Kahlon

Pak-Hing Kan

Jean-Pierre Larocque

Lise Lemeland

Ati Maier

David McGee

Mark Messersmith

Elemore Morgan Jr.

Ivan Navarro

Clare Rojas

Melquiades Rosario Sastre

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,500

12,50012,500

12,500

12,500

12,50012,500

12,500

12,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,500

Payable in2007

12,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,50012,500

• •

Katherine Sherwood 12,500 12,500Akio Takamori 12,500 12,500Kevin Teare 12,500 12,500William Villalongo 12,500 12,500Charles Yuen 12,500 12,500Carlos Dzine Rolon 12,500 12,500

TOTAL PAINTERS & SCULTPTORS 625,000 312,500

Shalini M. Bhat 10,000Emmeline Cho 10,000William Cravis 10,000Regan Golden McNerney 10,000Joseph Gottlieb Kopfler III 10,000Maya Onoda 10,000Tivon Rice 10,000Andrew Ross 10,000Brian Shaw 10,000Jared Steffensen 10,000

Lynn Richardson 10,000

TOTAL MFA GRANTS 110,000

Robert Nadeau 5,000

John Crowe 5,000

Tory Fair 5,000

Eric Schnell 5,000

Jasmin Sian 2,000

Jenny Hager 2,650

Ridley Howard 5,000

Ambreen Butt 5,000

Thomas Tucker 5,000

SungHa No 5,000

Jenny Hager 1,500

Karen Dow 5,000

Suzanne Walters 5,000

TOTAL CAREER OPPORTUNITY GRANTS 56,150

Form 8868 Applicion for Extension of Time Toile an(Rev. Decerl 2006) Exempt Organization Return OMB No. 1545.1709Depytment of the TreasuryInternal Revenue Service ► File a separate application for each return.

• If you are filing for an Automatic 3-Month Extension , complete only Part I and check this box ► FX1• If you are filing for an Additional ( not automatic) 3-Month Extension , complete only Part II (on page 2 of this form)

Do not complete Part II unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.

Part 1 Automatic 3-Month Extension of Time. Only submit onginal (no copies needed).

Section 501 (c)(3) corporations required to file Form 990-T and requesting an automatic 6-month extension - check this box

and complete Part I only ► Q

All other corporations (including 1120-C filers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of timeto file income tax returns.

Electronic Filing (e-file). Generally, you can electronically file Form 8868 if you want a 3-month automatic extension of time to file one of the returnsnoted below (6 months for section 501 (c)(3) corporations required to file Form 990-T). However, you cannot file Form 8868 electronically if (1) you wantthe additional (not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870, group returns, or a composite or consolidated Form990-T. Instead, you must submit the fully completed and signed page 2 (Part II) of Form 8868. For more details on the electronic filing of this form,visit www irs ov/efile and click on e-file for Chanties & Nonprofits.

Type or Name of Exempt Organization Employer identification number

print

THE JOAN MITCHELL FOUNDATION INC. 11-3161054File by the

due date for Number, street, and room or suite no. If a P.O box, see instructions.

filing your 155 AVENUE OF THE AMERICAS , 6TH FLreturn Seeinstructions City, town or post office, state, and ZIP code. For a foreign address , see instructions.

NEW YORK, NY 10013

Check type of return to be filed(file a separate application for each return),

0 Form 990 [] Form 990-T (corporation ) [l Form 4720

Form 990- BL [] Form 990-T (sec. 401(a) or 408 (a) trust) [] Form 5227

0 Form 990-EZ 0 Form 990-T (trust other than above) El Form 6069

® Form 990-PF El Form 1041-A 0 Form 8870

• The books are in the care of ► CAROLYN SOMERS

Telephone No. Pop- 212 - 524-0100 FAX No. ►• If the organization does not have an office or place of business in the United States , check this box - , ► 0• If this is for a Group Return , enter the organization 's four digit Group Exemption Number (GEN) . If this is for the whole group , check this

box ► El If it is for part of the group , check this box ►0 and attach a list with the names and EINs of all members the extension will cover.

1 I request an automatic 3-month (6-months for a section 501 (c)(3) corporation required to file Form 990-T) extension of time until

AUGUST 15, 2007 , to file the exempt organization return for the organization named above . The extension

is for the organization 's return for:

►® calendar year 2 0 0 6 or

►0 tax year beginning , and ending

2 If this tax year is for less than 12 months , check reason : 0 Initial return El Final return 0 Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any

cred

b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated

tax

Balance Due. Subtract line 3b from line 3a Include your payment with this form , or, if required,

deposit with FTD coupon or, if required , by using EFTPS (Electronic Federal Tax Payment System).

34.686.

186.

Caution . If you are going to make an electronic fund withdrawal with this Form 8868 , see Form 8453-EO and Form 8879-EO for payment instructions.

LHA For Privacy Act and Paperwork Reduction Act Notice , see instructions . Form 8868 (Rev. 12-2006)

62383102-07-07

:7- Pa

If you are filing for an Additional (not automatic) 3-Month Extension , complete only Part II and check this box ►ote. Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868If you are filing for an Automatic 3-Month Extensio n , complete only Part I (on page 1).

Part II Additional (not automatic) 3-Month Extension of Time. You must file original and one copy .

Type orName of Exempt Organization Employer identification number

printHE JOAN MITCHELL FOUNDATION INC. 11-3161054

File by the

extended Number, street , and room or suite no . If a P.O . box, see instructions For IRS use onlydue date for

155 AVENUE OF THE AMERICAS , 6TH FLfiling the

return see City, town or post office , state, and ZIP code. For a foreign address, see instructionsinstructions

EW YORK. NY 10 013

Check type of return to be filed (File a separate application for each return):

Form 990 Form 990-EZ Form 990-T (sec 401(a) or 408 (a) trust) Form 1041-A Form 5227 Form 8870

Form 990-BL ® Form 990-PF Form 990-T (trust other than above) Form 4720 Form 6069

STOP! Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868.

• The books are in the care of ► CAROLYN SOMERS

Telephone No 212 - 5 2 4 - 010 0 FAX No. ►• If the organization does not have an office or place of business in the United States , check this box ► Q• If this is for a Group Return , enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group, check this

box ► = . If it is for part of the group , check this box ►0 and attach a list with the names and EINs of all members the extension is for

4 I request an additional 3-month extension of time until NOVEMBER 15, 2007

5 For calendar year 2 0 0 6 , or other tax year beginning , and ending

6 If this tax year is for less than 12 months , check reason : = Initial return Final return Change in accounting period

7 State in detail why you need the extension

ADDITIONAL INFORMATION IS REQUIRED TO FILE A COMPLETE AND

ACCURATE RETURN.

8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any

If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated

tax payments made. Include any prior year overpayment allowed as a credit and any amount paid

with Form 8868

c Balance Due. Subtract line 8b from line 8a . Include your payment with this form , or, if required , deposit

with FTD coupon or , if required , by using EFTPS (Electronic Federal Tax Payment System). See instructions 8c $ 0

Signature and Verification

Under penalties of erlury, I declare that I have examined this form , including accompanying schedules and statements, and to the best of my knowledge and belief,it is true, correct , nd complete , a d t a am thorized to prepare this form.

Si g nal re C,,-J4 Title lp^ 4eto J^r r 4-N Date?-F-0 7

Notice to Applicant . (To Be Completed by the IRS)

We have approved this application Please attach this form to the organization ' s return.

We have not approves this application However, we have granted a 10-day grace period from the later of the date shown below or the due

date of the organization ' s return (including any prior extensions ). This grace period is considered to be a valid extension of time for elections

otherwise required to be made on a timely return. Please attach this form to the organization 's return

D We have not approved this application . After considering the reasons stated in item 7, we cannot grant your request for an extension of time to

file We are not granting a 10-day grace period.

We cannot consider this application because it was filed after the extended due date of the return for which an extension was requested.

Q Other

DirectorBy:

Date

Alternate Mailing Address. Enter the address if you want the copy of this application for an additional 3-month extension returned to an address

different than the one entered above.

Name COPY OF WITHINCOOPERSMITH SIMON & VOGEL P.C.Type or Number and street ( include suite , room , or apt . no.) or a P.O. box numberprint 50 CHARLES LINDBERGH BLVD. , SUITE 605 AIM 1--n 2n

City or town , province or state , and country (including postal or ZIP code)a-zu

05-0;07 UNIONDALE, NY 11553 IYSOFFICEOFTUC ^,.. .-_-clCHARITIE9ÂcW

Documents

OMBNo 1545-0052 2006 - Foundation Center990s.foundationcenter.org/990pf_pdf_archive/113/113161054/... · cc 8 Net short-term capital gain ... 21 Mortgagesand other notes payable