[. . A0-10

-

___________ _ Date ____ _

NAME OF QRQANlZATIONIENT!TY POSWON

ANDT!lRMS

-

0

Report Required by the Ethics FINANCIAL DISCLOSURE REPORT in Government Act ofl978 Rev.112004

Calendar Year 2003 (5 U.S.C. app. §§ 101-lll)

L Person Reporting (Last name, First r.ame, Middle initial)

Amo!d, Morris S

4. Title (Arti£le HI Judges indicate active Or senior status; magistratejudges indicate fuU- orpart..tJffie)

Judge-Active

7. Chambers orOffice Address P.O.Box2060

Uttle !lock, AR 72203·2060

2. Court or Organization

8th U S Cireuit Ct of Appeals

S. ReportType (clieok appropriate type)

Nomination. Date

3. Date ofRepon

51512004

6. 'Reporting Period

0 Initial @Annual Q Final

11112003 "'

1213112003

8. On the basis ofthe infoonation contained in this Report and any modifications pertaining thC:reto. it is, in my opinion, incompJiancewith applicable laws and regulati.ons.

Reviewing Officer

IMPORTANT NOTES: The lnstnictions a<companying this fonn -be followed. Complete all parts, checking the NONE box for each part

whew you have no reportable information. Sign on last page.

L POSmONS. (Reporting individual cnl; see pp. 9·!3 offiling inllttllctioos)'

D NONE . (No reportable positions.)

L Member Board of Trustees of James Madison Memoris! Foundation

2.

Il. AGREEMENTS. (Reporting individual only; seep . 14-16 of filmg instructions)

li2J NONE - (No reportable agreements.)

PARTIES

I.

1:::1 ....

Cl>('J ,... "" o-{/',) :;i:: ;::,:: )>.. ::c 2: ;rro 0:;;;;: ::;:: r-<;.";> ,,.,

lit= -

-

""

._

r....., .....O"I

:::sz

:;? -

::0 m 0 m -

< m

SOURCE AND TYPE GROSS

SOURCE

SQURCE DESCRIPTION

F{NANCIAL DISCLOSURE REPORT Name of Person Reporting Date ofRepil!t

Arnold, Morris S S/5/2004

fil NON· Th'VESTJMENT Il'j' COME. (Reporting individual and spouse; see pp. 17-24 offlling ins!ructions)

A. Flier's Non-Investment Inrom

0 NONE · (Nor<ponablewm-investmentinwme.)

INCOME {yours, ot spmiWs)

I. 2003 Univecsityof Arkansas-author's royalties 1199

B. Spouse's Son-Investment Income(lfycu wcoo matried during ony portion of the n::perting year, please oomp!et1' this seotion. (dollaramoont not required except for honoraria)

NONE - (No r<portablenon-investmentin<Ome.)

AND TYPE

l.

IV. REIMBlJRSEMENTS ttansporta<ion, lodging, food, entertainment.-

{Includes those to spouse and dependent children. See pp.25 27 of instructions.}

D NONE (No such roportab!e reimbUt>omenls.) ·

l. Universtiy ofVirJinia Charlottesville, VA, Feb 5-6. Speech I<> Federalist Society. Airfare, hotel, taxis, and paricing fees.

2. Notre Dame Soufu Bend, IN, Feb 21-23. Speecl> to Federalist Society. Airfare, hotel, meals, and pa!Xing fees.

3. James Madison Memorial Fourutmon Wasbingt1'n, DC, July 8-9; 8""'11 meeting. Airfare, hotel, and parking fees.

4.

SOURCE DESCRIPTION

CREDITOR VALUE COPE

FINANCIAL DISCLOSlJRE REPORT Name of Person Reporting Date of Report

Arnold, Morris S 5/5/2004

V.. GIFTS. (Includes those to spouse .and dependent children. See pp. 28-31 of instrnctl6ns.)

0 NONE · (No such reportable gifis.)

VALUE

I. Don Smith Use of house at Gulfport. AL fu>m May Tl to June I $!,250

VL LIABILTI1F.S. (Includes those of spouse and dependent children. See pp. 32·34 of instru<>'.i-Ons.)

li2i NO:\"E (No reportable liabilrnes.) ·

I.

ll.

..,,....g period

{2)

int.)

.. A

c.

(l) (2) (l) disclosure

(2) (3) (4) (l)

.

-

ld2/ll3

c

!

P.

"POrtiOJJ period . Gross w!ue:atcnd of

FINAt'lCIAL DISCLOSURE REPORT Date of Report };ame of Person Reportfag Pagel of 5 Arnold. Morris S 51512004

VIl. INVES1MENTS and TRUSTS - income, value, tro:1scations {includes those or the spouse and dependent chllC:ren. See pp. 34-57 of filing iost:ro.ctfotis.)

A. n. lncnme during l'mrr.mctions during reporting period

Description of Assets (including trustassets)

(l)

Ptm:e .. {Xt afiet each asset exempt Amount Type {e.g.fromprior disclosii.\": COO.I div. rent. or (A·H)

D NOI'i.'E (No repor..able income. assets, or tni.ns®tions}

!. Delta Trust andBank A In-

2. m!lUnlvof Arkansas al Little !Wok bonds A Inl<rcst

3.

4. MINERAL !N'TERESTS-V ARJOUS LANDS IN TEXAS:

5. Southland Champion Mineral. Morgan Keegan, D RoyaltyWlkin. TX

6. GraybuTJl Mineml AccOunt, Morg11n K- Lufkin c RoyaltyTX

7.

Ii. SECURITIES HELD BY DELTA TRUST lN'VESTMEt.'TS--Acrount I

9. Prime C.Sb Series Money Market Fund A Dividend

10. Alll<l:Ila.sold 2103 A llivideod

ll. BankAmerica Oltp: 1d 21-03 None

l2. Norfolk Southern A Dividend

13.

14. SECURITIES HELD BY DELTA TRUST !NVESTMENTS--Acoount II

15. Trust Sc:ri<s Prime Cash MM Fund A 1-·

16. Alltel Cerp Cenv 7.750% A DMdend

17. Dominion Reso Inc Upper O¢cs None

18. Motorola Inc Equity Unils A Dividend

lncome/Gam Codes: ee Sl,000 o; less =SIIJDl-SZ,:SOO

lfnot exempt from

Valm: Value Type (•.g. Date: Value Gain ldenrlty of Code 2 Meth;xl buy, sen., Month C00.2 C-Ode buyer/seller(l·P) .Code3 merger. Doy (.l-P) l (A- (if private

(Q-W) red=ption) .... tran on)

J T

1 T

L w

K w

J T FormerlyPremier MM

L T Partial sell 2/-03 ] B

Soll 2/1)3 K D

L T

Opened 4,1;!8 New acct with Deltll lnvost

1 T Buy 4128 J

J T Buy 4128 j

J T Buy 412£ j

1 T Buy 4128 I

Sl,S-Ol·Sl,000 D ""S5,001-Sl5,.000

{See Colurr.ns BI arn:3 04} f "'$5:1,0Gi-SIOOJKI') G ""$ l00,0{) !-$1,000,000 Hl =$!,()(•0,001-$5,00<J,OOr:- H2 "" More than $5,000,00D

2. V:-ih.1e Codes; = $15,000 er less K ""$! 5,001-$50,000 L "'$50,001- 100.000 M eeS!tlO,OC:l-$25--0,000

(See Columns C'l aruJ D3! N = S2$0,0-0l)-S500,000 0 ""$SOO,oo;-s:,ooo,ooo Pl = $ l,OOO,at:i:. ·S5,000,000 P2 = S5,000,00i-S25,.000,000

= $25.000.001-150.000,000 N "".$More tllim 550,CGO,;,>.JQ

J. V.alu f.ietf':.xl Cocie<; () "'Apnrnisa: R '°' Cos1. {Re:il E.s!ate Onlyl ""A5set.sm pt

(Se-: Co:um71 C:.tp u = Bool; Valu \' "'Otncr v: "'Estmmted

.

(2)

Amount

mt.)

c.

(1) (2) (1) lt

(2) (3) (4) (5)

. -

---------------------------------------------------------------------- -- ..

FL"i'A.NCIAL DISCLOSURE REPORT Name of Person Reporting Date of Report

Page 2of5 Arnold, Morris S 5151W04

VII. INVESTMENTS and 'IRUS'IS - income, value, traoscations (.includes those ;>t'the $j>OU$C and dependent children. See pp.34-57 of filing instm;;tions.)

19.

20.

21.

22.

23.

24.

2S.

26.

27.

28.

29.

30.

l 1.

32.

33.

H.

35.

36.

(indudfng trust assets.)

Ptacc "(Xr after each asset exempt from ptiotdisclosure

SECURITIES HELD BY MORGAN STANLEY

Morgan Stanley Active Ass<lsMoney Trust

CocaC-Ola

Kimberly Clrl Corp

Mo!Jll!n Stanley (name change: funnerly MS Dean Witter)

Wyeth

Z-Tel Technologies

- ' -· Units VK Focus Portfolio Select I 0 Industrial 2002-4

Units VK Focus Portfolio Select l 0 Industrial 2003-4

TAX EXEM."T BOh'DS HELD BY MORGAN STAh'LEY

Arkansas State Developnient Fin Authority Bonds

Puerto Rico Building Bonds

SECURITIES HELD BY DELTA TRUST INVESTMENTS B:C-!RA

Dillard's

W•cb.-Ovia <Arp 2nd New

MFS Tr vn Cap Opp Fund Class B

(!)

Type (e.g. Code I div. mitor (A·H) .

A Dividend

A Dividend

A Dividend

A Dividend

A Dividend

None

A Dividend

A Dividend

A lnt=st

A Interest

B Dividmd

not exempt from disclosure

ValiM v.rue Type (e.g. Date: Value Gair. Idtnti:.y o Code1 Metlmd buy, sett, Month w Co<le 2 Code buyer/sc:t-er O·P) . Cod:: S nqer, Dny (J.P) I (A· (if private

(Q-W) redemption) fn tra..'lSaCtion}

J T

J T

J T

K T Name change

J T

J T

Sell 8112 l A

1 T Buy 8112 l

Sell 411 I A

J T

J T

J T

J T ----

!!

i

I

A.

Description of Assets

-I. lncome!Gain Codes: A ""Sl,000 or less B

iSee (;(l'h;m.1B Bl and D4) F = S5C-,00i -SID0,000 G

2, Value Codes; $!5,000ork:s!> K

(See C'.o: rrms ( l anC D>} N S.15U.000-tSOO,OOO 0

PJ S25,000.00 I -SS0.000.000

J_ \'aJue :.{e:hoC (our.:;: Q Apprais

(SeeC:c:um:< c::, Li Book \laiue

B. Income during

reporting ,mod

=Sl.00l-S2,500

= SI00,00l-S1,000.COO

= Sl5 00l-$50,C-OO

""li:S!lO,ODl-Sl,{JIJ0,000

Gross va!ne tit end of rting period

C "'$2.501-SS.OOO

H! "'S!,000,00l,..S5,000.000

Pl = St,06Q,00l -SS,000,00C

P4 = SMore th;m $50,000.0 C

D. Tumsactior.s during: repor:ir.g pt'riod

D ""'S5,00:-s:5.000 E = s1s,oot.s;so.ono

H2 "'M:xefr:a.c.55,000.00£'

?2 $5,QO".J,OC.1-S.2:1,000,00U

46.

. . -

.

(!) (l)

Code l

.

(2) (l) fromdiscl

(l) (3) (4) (5)

J

Premier MM

'

FINANCIAL DISCLOSURE REPORT Date of Report Name ofPerson Reporting Page3 ofS Arnold, Morris S 51512004

VII. INVESTMENTS and TRUSTS - inoome, value, trnnscatlons (includes iliose of the and dependent children. See pp. 34 5? of fifing instruc1fons.)

37.

38.

39.

40.

41.

42.

43.

44.

45.

47.

48.

49.

50.

51.

52.

S3.

S4.

A.

Description of AS$eU. (including trust assets)

Place (X)"nfter-each asset exempt ftom prior di"SckttitlfC

Mate!

Oza1k Capital Trust

Prime Cash Series Money Market Fund

G.ibelli Equity Trust lne.

Liberty All Star Equity Fuud

;

SECl.)RJTIES HELD BY MORGAN STANLEY-IRA

MS Liquid Asset Fuud

Chevron Texaco

Cisco Systems

Eastman Kodak

ExxonMobil

General Electric

Gillette

Intel

Kimberly Oaric

NokiaCpAdr

Pepsico lnc.

B. Income during

reporting period

Amount Type (c-.g, div. rent or

(A·HJ inL)..

B Dividend

c. D. Gross value at end of 'rransactions during re;ionl:ngperiod reportingp«iod

(1) tfnot exe:npt

Value Value Tw- (e.g. Dale: Value Gain Identity of Code2 Method buy. sell, Month- Code2 Code bu}'Cn"$e£Ier (J·P) Code 3 merge:". °"" (l·l') l (A- (if private-

(Q·l'I) redemption) ITT transaction)

T

J T

I T FOJ!)leDy

J T

I T

FormerlyM S Dean Witter

1 T

J T

1 T

J T

1 T

J T

1 T

1 T

1 T

1 T

1 T

L lnoomei'Gain Codes: A ""S 1,rn:m or le!iS B ,,,. $1,001-$2.500 (' =S2.Si.i:-ss,ooo D ""'$5,001.$15.000 E -SJ5,00l·$50,000

!SeeCfflumnsB1.arurD4J F "" SSG,OO ! ·SJ:)G,000 G = SHXl.0G1-Sl;OOC,{l(){; ff! "" Si,000,001-SS,OOO,OOO H2 ""'More than S5.000,DOO

2. Value Codes: = $ I $,ODO or lei;s K -- s1s.oc1;- sDJ•no L ""SSO,OOJ S!00,000 M ""'$10;),(IGl-$250,000

iSee Co'.umF>. Cl ,;mri D3) N "'i 5C,ODiJ..S500,000 0 .,, $50::'.,0t!l-Sl,OOG,iYJC Pl :::0$.J,OOO,O\H·SS,000,000 P2 = SS.000,00!-$25,000, 000

PJ. .,,. ZS ,000.00l ·SSO,OO<J,GQ:J ?4 $More th.an $50,000,000

Q Appra1M! R '"°Cos; (Real Estate Oriyj S = Assess:nent

u "" Bool: Val:Jt V "'Orner

A.

•

A

PJ

(l) (2)

inl}

B c

HI

"

c.

{l) (2) u v.um t:lim:lo-sure

(2) (3}

(J.l'}

D

(4)

- -

FINANCIAL DISCLOSURE REPORT Oat() of Report Name ofPerson Reporting

Page4 ofS AmoJd, Morris S S/S/2004

VIL INVES�"'ITS and TRUSTS - income, value, lranseatioris (includes those of the spouse aOO dependent chltdren. See pp. 34-$7 of filing instrui;:tions.)

55.

56.

51.

58.

59.

60.

61.

62.

63.

64.

65.

66.

67.

68.

69.

7!.

72.

Oeseriptioo of Assets {including truSt tsSets)

Piace "'{X)" after each asset exempt frompriordisclosure

Southwest Airlines

USA Truck Inc

Wal Mart Stores

Walmart De Mexico SaV Ord

Walmart De Mexico SA C Ord

ING Group -- -·

.

Morgan Stm Cap II 7250 •31JL3 l 7.250%

Morgan Stanley !II Cum 6250 '33MHOI 6.250%

v;:ginia Power Cap 7.375%

\l'K Focus Biotech & Phann Serles 12A

VK Foeus Portfolios Select !O Ind! 2002-l SPS

VK Focus Portfulw Select Tenlndl 2002-2 SPS

· VK Focus Purtfolw Select !O lnduSlrial 2003-2

Prt Statcg FUD<!

HELD BY LOCUST ST. SECURITIES, INC.

lNG Technology Fund Class A

B. Income during

reporting period

Amoont T;pc (<-g. COO. I div. rent. or

(A-Hi

A: Dividend

D. Gross vnlue at end of Transactions during reporting period reporting period

{I) not exempt

Vi:dl.-e Value 1)'pe (e.g. Date: V:alue Code2 Melhod buy, sell, Month Code2 (J-P) _C.ode J

(Q-W) ""'l!<"' redemption)

Day

J T

J T

J T

J T

J T

J T

J T

J T Buy 2121 J

J T

1 T

Sell 2127 I

Sell 4129 J

J T Buy 4129 J

J T

Closed 10/01

J T Sold 8/22 J

Gain coo. l (A-"'

A

A

A

{5) Identity of buyer/seller (if private tra.1.Saetion)

Acct closed I0/01

Name chg fr "Global Comm"

I. ln;:ome'Gafn Codes: = $!,000 or less = $1.001-.$2,500 ""S:!.50 ! -SS,000 ,,,. S5,00J ·SI5,000 E "m,001 .s;o,ooo

\See C-0lurr ...i:S B ! .un1! 04} f "" $50,QIJ I ..S l 00,000 G = s too_.:x;-;.s 1.w.JC,O(}:: = Sl,000.!X.ll ·55,000,000 H2 More than $5,000,000

2. Va:ue Codes: = $15,DOO or lcsi> K ""s: 5.CD1-:;so,VG-O SSO.OOl-SiOC.300 M "sioo.001-mo.ooo

{St ·Col::mtu C! and D3) N ""'S:'.:50JJ00-S50J,030 0 = 55,)·).Gf:- -S !,li}G,000 Pl ""'"s (JJ•Xt,001-$5,000.000 Pl "$5,000.00 l-S45,000.000

$25,000.\lD l-$50.00C.OO P4 = s:-.tore than f.;50,000: 0!)

.1·. \la:.1ue MethoC Codes Q ""'Apprmsa! " = C.os; {Rez· Esta!e (,':'11y; s =Assessment T "'Ctisht'Markct

(See C1..1lumr. C2J L Boo!'. \'a m:: \' =Ot w = Es1ima1e-O

13. c Interest

.

A B - c

c

11

(3)

0 T

D

(4) (5)

- . -

E

FINANCIAL DISCLOSURE REPORT Date of Report Name of Person Reporting Page 5of5 51512004Arnold, Morris S

Vll. INVESTMENTS and TRUSTS - ir:.come, value, transc.•Uions(ir.C:ucles ;hose of!he spow:e ar.d dependent cltitdren. Sec pp. 34-Si of filing ir. lruetio.-is.)

A. II. focome during

.Description ofAssets reporting riod (including trust asseu)

(l) (2)

P:lac<: "(X)" after each asset exempt AmQunt Type {e"g.from prior discrosure Code l div. rent.-or

(/\ ·H) ittt.)

Teachers lnsuraru:e & Annuity Assn Colleg<> Retirement Eq Flmd

74.

75. TIAA.cREF (Rerirernent) A lnt=st

76.

77. ING Golden SelecctPrem Plus Defemld Variable A Int°""" Annuily

78. -·

79.

!}, Gross value llli end of l'mnsactl:tms during nil:rg perit;;C reporting period

(l) (2) (I) not exempt from disclosure

(2) Valoe Value Type (e.g. Date; Value-Codel M-ethod b:uy.seU, Month- Coile 2 (l·P) ,Code3 """11"· Day {J·P)

{Q-W) rcdemptioo)

I T

J T

Gain Coile I (/\· HI

ldenlityof lmyer/seUcr{irim-transaction)

.

I. lncome/Gai::l Codes: ""S 1.000 or less "'S2.50 !-$5.tiOO ""$5,00J.Sl5,000 ""$15,001-550,000

(See Cchmms Bl-aOC 04) p ""lSC,Ot>l.SIOO,OOG G = S 100.00 J-S l,000,000 Hl == $1,{l(IQ,OO; $5,000,000 H2 = More tMn S5.DDG.OOO

2. Value Codes· "" SI $,000 oc less K = i L5.-00l .S50,!)'.)() L .,_ $..50,{H.ll.$l00,000 M ""$100,(r'.11..$2:50,000

(See Columns Ci and D3f N ""S25QJ}00-1500,000 0 "" S5CG.t}'.J l·S I ,0(}),000 Pl "'51,000,Q(H·$5,.0UO,OOO P1 = ss.000,001-s2s.:x.•:::.0co

P3 ""S25,ooo,001.sso.oo:::.000 P< "'-),Mere ttum $50,000.000

·' Varne Method Cos::::s Q -"'AP!ll'.r.tisal E "' C"..(ls; (Reo1 Esta Or.ly) s ""Asse.ssmen1 T = Cash·-.:.{arkel

(So:: :ohiT-" C2) ;__• = Boo . Value ""0(be- w ""Estim.:ned

5/512004

Name of Perwn Reporting Dare of Report FINANCIAL DISCLOSURE REPORT

Arnold, Monis S

(Ir.dicate pan ofRepon.} VIlL ADDIDONAL INFORMATION OR EXPLANATIONS

S/S/2004

Name<>fl'etlron Repor.ing Date of ReportFL'IANCIAL DISCLOSURE REPORT

Arnold, Morris S

IX. CERTIFICATION.

I certify that all information given above (including information pertaining to my spouse and minor or dependent children, ifany) is accurate, true, and complete to the best of my knowledge and belief, and that any information not reported was

withheld because it met applicable statutory provisions permitting non-disclosure.

I further certify that earned income from outside employment and honoraria and the acceptance of gifts which have been reported are in compliance with the provisions of 5 u.s.c. § 501 et. seq., 5 u.s.c: § 7353, and Judicial Conference regulations.

Signature

NOTE: ANY INDIVIDUAL WHO KNOWINGLY AND WIT.FULLY FALSIFIES OR FAILS TO FILE THIS REPORT MAY BE SUBJECT TO CIVIL AND CRIMINAL SANCTIONS (5 U.S.C. app. § 104)

FILING INSTRUCTIONS

Mail signed original and 3 additional copies to:

Committee on Financial Disclosure Administrative Office of the United States Courts Suite2-301 One Columbus Circle, N.E. Washington, D.C. 20544