pf omb no 1saoos2 with the srs return of private...

FLETHISCOPY OMB No 1saoos2 PF WITH THE SRS Return of Private Foundation

pepartmenc of the treasury or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation 200 Internal Revenue Service Note : The organization may be able to use a copy of this return to satisfy state reporting requirements.

2003, and ending 06 30 2004 Amended return Address change Name chant

q Employer Identification number

For calendar ear 2003 or tax ear begin G Check all that apply : Initial return

Name of organization

Use the IRS label. MEN=L FOUNDATION INC .

Otherwise, Number and street (or P.O. box number H mail is not delivered to street address) print

or type. See Specific 1519 BRANARD Instructions. City or town, state, and ZIP code

HOUSTON TX 77006 1 Check type of organization : X Section 501(c)Q) exempt private foundation

713 525-9480 C if exemption application is

pending, check here

p 7 . Foreign organizations. check here , 1

2. Foreign organizations meeting the 85% Desk cheek here and attach . computaGOn . . . .

,CCLIOf14Y4/ 8 l nonexempt Cflafll0DleifUSl vulcl aaAav~c 14vaLc OvUIwauvII E it private foundation staauvrasbermlna0ed

Fair market value of all assets at end Accounting method : Cash X Accrual under .ecbw so7cbx+xN. Check here " ~ . . . . . . . . . . . .... . . p M the foundation Is in a 60-month termination of year (from Part ll, coL (c), line f 1 Other (specify) __

16) " $ 505 470 643 . (Part l, column (d) must be on cash basis.) under section 5o7(bx+xB).check Mm , 0- 0

Analysts of Revenue and Expenses (d) Disbursements (The total of amounts In columns (b), (c), and I (a) Revenue and ( (b) Net investm(c) Adjusted net for charitable (d) may not necessarily equal the amounts !n expenses per income -"T income purposes column (a) (see page 10 of the lnstructions) .) books cash basis on

4

13 Compensation of officers, directors, trustees, etc , ,

d 14 Other employee salaries and wages . . . . .

e 16 Pension plans, employee benefits ,

x 16a Legal fees (attach schedule) , , ~rMi ;

W b Accounting tees (attach schedule) f'f* v c Other professional fees (attach ,STMT. `f,

X 17 Interest , . . . . , . . . . . . . ~J~ S s Taxes (attach schedule) (we

19 Depreciation (attach schedule) STS ,-4 20 Occupancy . , , . , , . . . . . . . . . . .

+a 21 Travel, conferences, and meetings , , , , , ,

Cd!'n 22 Printing and publications . . . . 23 Other expenses (attach schedule) ,sr~.' a, 24 Total operating and administrative expenses.

Add lines 13 through 23 , . . 26 Contributions, gifts, grants paid ,$T= . $ .

Q 27 Subtract line 26 from line 12 : U i Excess of revenue over expenses and disbursements , 2 4 07 9

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

c Adjusted net income if n afive, enter-0- . . JSA For Paperwork Reduction Act Notice, see the instructions . 3E74102000

22POlA P184 02/28/2005 09 :28 :34 V03-8

Form 990-PF (2003) 4

74-6045327 Room /suite B Telephone number (seepage 10 of

the instructions)

1 Contribued" . oft' grants, ex , received (amdi scladub) . I I H the foundation Is not required to

Check 1 LJ attach Sch . B 2 Distributions from split-interest trusts , , , ,

3 Interest on savings and temporary cash Investments

4 Dividends and interest from securities , , , ,

5 a Gross rents . . . . . . . . . . . . . . . . .

b (Net rental income a (loss) -8 .131;

c 6 a Net gain or (loss) from sale of assets riot on line 10 b Gross sales price to all

d assets on line 6a 7 Capital gain net income (from Part N, line 2) .

c lain . . . . . . . . .

'1 v a c;ross saes Hess rec and allowances

c° IIAAR~ OAS ~pI L

c Gross pr fR or (I t1~,L ttach schedule) , , ~4co aeh chedufe) ;Sr/~1~ f ,

8,805 . 1 048 805 .

9 4 086 . 2, 524 , 815 .

5 679 . 180 183 .

6 , 325 . 8 1 156 , 558 . . 8\-809 . 168 809 . 126 , 812

7 , 630 . 557 . 63 0 . 3 879 556 .

3 , 397 . 123 397 . 839 641 . . 9 . 604 . 29 604 . 40 , 200 . 2 , 215 . 32 , 215 . 32 , 064 . 2 , 609 . 52 , 609 . 253 , 702 . 3 .898 . 3 898 . 3 , 967

5 , 645i.-- 375 645 . 793 565 .

0 , 234 . 130 234 . . 6 , 762 . 36 , 762 . 684 , 713 . 1 , 030 . 31 , 030 . 306 , 757

362 . 362 . 224 . 773-

9 , 538 . 1,299 .538 . 1 , 866 , 406 .

. 1 , 733 . 2 9 841 , 733 . 9 , 052 , 156 141 632 .

1 733 . 2 841 733 . 9,193,788 .

4 .592 .

Value Book Value

3

96

-* 26

-- 17 Accounts payable and accrued expenses , , , , , , , , , 18 Grants payable � � � � � � . � . . . . . . ,

19 Deferred revenue

20 Loans from oKcers, directors, trustees, and other disqualfied persons 21 Mortgages and other notes payable (attach .fTAlT /,3A , 22 Other liabilities (describe 1 ...................

24,079,907 .

JSA ~ S~F ,jT/~ 1: / 3E1420 7 000

7 22POlA P184 02/28/2005 09 :28 :34 V03-8 5

Attached schedules and amounts in the Beginning of yep Balance Sheets description column should be for end-of-ear amounts onN (See instructions 1 (a) Book Value

1 Cash - non-interest-bearing , , , , , , , , , , , , . , . , 2 Savings and temporary cash investments , , , , , , , , , , , 3 Accounts receivable " - 1,449,258 .

Less: allowance for doubtful accounts " _ _ _-_ _ 251000 4 Pledges receivable "-_--___-__-__13~538~236_

Less : allowance for doubtful accounts b Grants receivable 6 Receivables due from officers, directors, trustees, and other

disqualified persons (attach schedule) (see page 15 of the instructions) 7 Other notes and loans receivable (attach schedule) 1 _ _

Less : allowance for doubtful accounts 1 8 Inventories for sale or use , , , , , , , 9 Prepaid expenses and deterred charges , 10a Investments - U S aid state government obligations I,

b Investments - corporate stock (attach schedule) ,cS~~1f /O. c Investments - corporate bonds (attach schedule) STA, ,

11 Investments-land, buildings, -- L850 X272 and equipment basis 1 - - - - - - - 12

_G_ _31883850 . (attach schedule) ~ ~ ~~ _ 12 Investments - mortgage loans , , , , , , , , , , , , , , 13 Investments - other (attach schedule) , , , , , , ~/.~. " 14 land, buildings, and '

equipment basis --- ----- - 58,111 .664 . Less :

aul~ejd~°"~Sf~G_ 20~369~343_ 16 Other assets (describe " _ _ _ _ _ _ S TMT_ / 3 16 Total assets (to be completed by all filers - see page 16 of

2

OVV IIIIGA 1/ NIIV '14, G 131 OVV . 1 X47 Organizations that follow SFAS 117, check here " U and complete floes 24 through 26 and lines 30 and 31 .

n X 24 Unrestricted, . , , , , , , , , , , , , , , , , , , , , , , 279 291 627 . 292 139 W 26 Temporarily restricted . . . , . . , , , , , , , , , , , , , 23 , 735 , 213 . 42 , 649 op 26 Permanently restricted " " " " " " " " " " " " " " " . . . . 163 849 165 . 167 , 258 ,

Organizations that do not follow SFAS 11T, check here and complete lines 27 through 31 . 1 Q

`0 27 Capital stock, trust principal, or current funds . , , , . . , , 28 Paid-in or capital surplus, a land, bldg , and equipment fund , , ,

p 29 Retained earnings, accumulated income, endowment, or other funds , , r 80 Total net assets or fund balances (see page 17 of the z instructions), , , , , , , , , , , , , , , , , , , , . . . , 466 876 005 . 502 , 047

31 Total liabilities and net assets fund balances (see page 17 of the instructions 469 , 007 , 805 . 503 , 596 ,

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 years return) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

2 Enter amount from Part I, line 27a , , , , , , , , , , , . , . . . . . , . . . . . . , , . . . . . . . . , 3 Other increases not included in line 2 (itemize) t SEE STATEMENT /,~------------------ 4 Add lines 1, 2, and 3 . . . . . . . . . . . . . . . . .

----'* . . . . . . . . . . . . . . .

5 Decreases not included in lire 2 (itemize) ii.___-______-____-__-_________ 6 Total net assets or fund balances at end of Year (line 4 minus line 5) - Part II . column lbl line 30 . . . . . 502,047,017 .

Form 990-PF (soos)

(e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (or allowable) plus expense of sale

8 r IW " ~ % ~~v b c d e J Com plete only for assets showing gain in column h and owned b the foundation on 12

(i) F.M.V. as of 12/31/69 (A Adjusted basis (k) Excess of ed. (i) as of 12/31/69 over cd. Q), if any

(I) Gains (Col . (h) gain minus col . (k), but not less than -0-) or

Losses (from col. (h))

Was the organization liable for the section 4942 tax on the distributable amount of any year in the base period?. . . . 0 Yes ERNo If "Yes," the organization does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 17 of the instructions before making any entries . a

Ba~ perb~d years Calendar year - - (b) (c) -

or tax ear inns in Adjusted quatdylng distributions Net value d rwnchantable~se assets Distribution ratio

(Col b divided col c

.2ooa. 7/a/ot 1o G/3o%3 11,941 .403 . 150 . 476 ,, 348 . 0 . 07935734193

0.07613385375 0.06327056903 0.05372576655 0.06628320590

0.33877073716

0.06775414743

163,986,289

11,110,751

92,746

11 .203,497

96,9 741 . 546,915

2 Total of line 1, column (d) . . . . . . . . . . , . . . . , . . . . . . , , . , , , , , , . . . . , 2 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by

the number of years the foundation has been in existence if less than 5 years , , , , , , , , , 3

4 Enter the net value of noncharitable-use assets for 2003 from Part X, fine s , , , , , , , , . . 4

5 Multiply line 4byline 3 �� , b

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

7 Addlines 5and6 . . . . . . . . � ., . . ., . . . ., . �� 7

Form X90-PF

Capital Gains and Losses for Tax on Investment In, (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.)

1a SEE �,SEMI / b c d

3

(c) Date I (d) Date sold P~~ura,ase acquired Imo., day, Y~~) n_n_x_ (mo., day, Yr~)

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

If gain, also enter in Part I, One 7 2 Capital gain net income or (net capital loss) " " " " " { If (loss), enter-0-in Part I, line 7 } 2 6 , 659 , 086 . 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) (see pages 13 and 17 of the instructions) . 1 ~JI~ ~G If loss enter -0- in Part I One 8 , ~ S 2, 524 , 815 .

Qualification Under Section 4940(e) for Reduced Tax~on~Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net vestment income.)

If section 4940(d)(2) applies, leave this part blank ~E~ STMT

78 164 .576 .

988 .

8 Enter qualifying distributions from Part XII, line 4 . . . . . . . . . . . . . . . . . . . . . . . . . 1 8 1 ' 18,349,822 . I( line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a 1 % tax rate. See the Part VI instructions on page 17

JSA Form 990-PF (2003) 3 E t 430 1 .000

22POlA P184 02/28/2005 ~Y~`~C f},v,Vuq.c./stE~ 6

rV11I1 7~v-r~ NvJ /9~OVY70G/

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see pa 1 a Exempt operating foundations described in section 4940(d)(2), check here Do- and enter "N/A" on line 1 .

Date of ruling letter: _ - - _ - - _ _ _ (attach copy of ruling letter if necessary - see instructions) , , , , , , , , b Domestic or anizations that meet the section 4940(e) requirements in Part V, check

here " X and enter 1 % of Part I, line 27b , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , c All other domestic organizations enter 2°b 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-) , , , , , , , 3 Addlines land2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter-0-), , , , , , , S Tax based on investment income. Subtract line 4 from line 3 . If zero or less, enter -0- , , , , , , , , , , , , , , , , 6 Credits/Payments: a 2003 estimated tax payments and 2002 overpayment credited to 2003 , , , , , , , 6a 179 045 . b Exempt foreign organizations - tax withheld at source , , , , , , , , , , , , , , , , 6 b NONE c Tax paid with application for extension of time to file (Foam 8868) , , , , , , , , , , 6c BONE d Backup withholding erroneously withheld , , , , , , , , , , , , , , , , , , , , , , 6d

7 Total credits and payments . Add lines 6a through 6d . . . . . . . , , , . , , , , , , , , , , , , , . . . . 8 Enter any penalty for underpayment of estimated tax. Check here a if Form 2220 is attached , , , , , , , , , , 9 Tax due . If the total of fines 5 and 8 Is more than fine 7, enter amount owed , , , , , , , , , , , , , , , , , , , ,

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

e 17 of the to

1 a During the tax year, did the organization attempt to influence any national, state, or local legislation or did Yes No it participate or intervene in any political campaign? , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1 a X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 18 of the instructions for definition)? , , , , , , , , , , , , , , , , , , , , , , . , , , . , , , , , , , , , , , , , , , , , , , , 1 b X

It the answer is "Yes' to 1 a or 1b, attach a detailed description o/ the activities and copies of any materials published or distributed by the organization in connection with the activities.

c Did the organization file Form 1120-POL for this year? , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1 c X d Enter the amount (it any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the organization . 1 a NONE (2) On organization managers. " $ NONE e Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed

on organization managers . 1 $ NONE 2 Has the organization engaged In any activities that have not previously been reported to the IRS? , , , , , , , , , , , , , , , , , , , 2 X

If 'Yes,' attach a detailed description of the activities. 8 Has the organization made any changes, not previously reported to the IRS, in its governing Instrument, articles

of Incorporation, or bylaws, or other similar Instruments? If 'Yes,' attach a confomred copy of the changes , , , , , , , , , , , , , , 3 X 4 a Did the organization have unrelated business gross income of $1,000 w more during the year? , , , , , , , , , , , , , . . , . . . 4a X b If "Yes," has it filed a tax return on Form 990-T for this yeah , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 4 b N ~A

6 Was there a liquidation, termination, dissolution, or substantial contraction during the year? , , , , , , , , , , , , , , , , . , , . , 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 w

" 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

7 Did the organization have at least $5,000 in assets at any time during the year? K 'Yes,' complete Part ll, cot. (c), and Part XV. , , , , 7 X 8 a Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) hTEXAS ------------------------------------------------------------------------b If the answer is "Yes" to line 7, has the organization famished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? It 'No, ' attach explanation , , , , , , , , , , . . . . . . 8 b X 9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2003 or the taxable year beginning in 2003 (see instructions for Part XIV on page 25)1 H 'Yes,"complete Part XIV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 X

10 Did any persons become substantial contributors during the tax year? Il'Yes,' attach a schedule listing their names and addresses. , , 10 X 11 Did the organization comply with the public inspection requirements for its annual returns and exemption application? . . . . . . . . 11 X

Web site address " WWW .MENIL .ORG 12 The books are incare of t_SHARON_MCGAUGHEX-------------------------- Telephone no . 1713=525-9484

Located at jo. 1519 BRP.NARD --- HODS TON~_ TEXAS _ ZJP+4 77006 - ------------13 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 -Check here , , , . . . . .

" " N'

f+ /~.. . , , . ,

and enter the amount of tax-exempt interest received or accrued during the year . . " I 13 ~

JSA Form 990-PF (2003) 3E1440 1 000

22POlA P184 02/28/2005 09 :28 :34 V03-8 7

5 Statements Reqardinq Activities for Which Form 4720 May Be

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

1 a During the year did the organization (either directly or indirectly) : (1) Engage in the sale or exchange, or leasing of property with a disqualified person? . . . . . . . . a Yes a No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes X No

(3) Furnish goods, services, or facilities to (or accept them from) a disqualifed,~° n? . . Yes X No

(4) Pay compensation to, or pay or reimburse the : gC.4,SoWAAt.-E C,.o/~j.JJA7ia~, , X Yes No

(6) Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? . . . . . . . . . . . . . . . . . . . . . . . . . a yes X No

(6) Agree to pay money or property to a government official? (Exception . Check "No" if the organization agreed to make a grant to or to employ the official for a period after termination of government service, if terminating within 90 days .) . . . . . . . . " " . . . a yes a No

b If any answer is "Yes" to 1a(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 19 of the instructions)? . . . ~ Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . " " . ~ "LJ

c Did the organization engage in a prior year in any of the acts described in 1 a, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2003? . . . . . . . . . . . . . . . . . . . .

2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation defined in section 4942Q)(3) w 4942Q)(5)) :

a At the end of tax year 2003, did the organization have any undistributed income (lines 6d and 6e, Part XI II) for tax year(s) beginning before 2003? . . . . . . . . . . . . . . . . . . . N/A a Yes ~ No If 'Yes," list the years " ----------' ---------~ --------~ --------

b Are there any years listed in 2a for which the organization is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the years undistributed income? (If applying section 4942(a)(2) to all years listed, answer "No" and attach statement - see page 19 of the instructions.) . . . . . . . . . " " " " " " " " " . " " 2 b

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

1----------'---------'--------'-------- 3 a Did the organization hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year? , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , a Yes E ] No

b If "Yes," did it have excess business holdings in 2003 as a result of (1) any purchase by the organization 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 ; a (3) the lapse of the 10-, 15-, or 20-year first phase holding periods (Use Schedule C, Form 4720, to determine ~ t9 if the organization had excess business holdings in 2003.) . . . . . . . . . . . . . . . " " " " " " " " " +-~1~f' " ~ a " . 3 b

4 a Did the organization Invest during the year any amount in a manner that would jeopardize its charitable purposes? . . . . . . 4 a

b Did the organization make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2003? . . . . . . . . . . . 4 b

6 a During the year did the organization pay or Incur any amount to : (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? , , , , , , a Yes a No (2) Influence the outcome of any specific public election (see section 4955) ; or to carry

on, directly or indirectly, any voter registration drive? , , , , , , , , , , , , , , , , , , , , , : e yes eX No (3) Provide a grant to an individual for travel, study, or other similar purposes? , , , , , , , , , , Yes X 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)? , , , , , , , , , , , , , , , , , , , , , Yes ~X 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? , , , , , , , , , , a Yes a No

b If any answer is "Yes" to 5a(1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 20 of the instructions)? " " " " Sb

Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . " " " 1 0 c If the answer is "Yes" to question 5a(4), does the organization claim exemption from the

tax because it maintained expenditure responsibility for the grant? . . . . . . . . . . . . . . N/a E ]Yes E ] No

If 'Yes,' attach the statement required by Regulations section 53.494r5(d). 6 a Did the organization, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract? , , , , , , , , , , , , , , , , , , , , , , , . . . , . , Yes a No 6 Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? , , , , , , , , , , , 6 b

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

Form 990-PF (2003)

JSA

3E1450 1 000

22POlA P184 02/28/2005 09 :28 :34 V03-8

. . 74-6045327 Form 990-PF (2003) Page s

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation see page 20 of the Instructions) :

a Name and address (b) Title and average (e) Compensation (d) Contributions to (e) Expense account, 1 hours per week (If not paid, enter employee benefit plans other allowances

devoted to lion -0- and deferred compensation

SEE:- STATEMENT- 19 ------------------------------------ 291, 750. 3 871 . 11 386 .

--------------------------------------

-------------------------------------

2 Compensation of five highest-paid employees (other than those Included on line 1 - see page 20 of the instructions). If none, enter "NONE."

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

c Compensation (employee~benefd (e) Expense account, hours per week ( ) 1 plans and defamed other allowances

devoted to position compensation

RALPH ELLIS ___-___--_____-__________ MGR, REAL ; 2927 ELLA LEE LANE Ooo r 40 123 425 . 3 . 647 . 7 , 7

MARGARET ELSIAN COZENS SPEC . EVEN 2233 UNIVERSITY v u o ~~t 40 101 796 . 3,009 . WILLIAM L TAYLOR DIR PLANNING 1013 BARKDULL ST co tr '7 40 201 458 . 5 , 565 . MATTHEW DRUTT CHIEF CUBA R 1511 BRANARD flOdJtoiJ T 40 152 167 . 4 088 . THOMAS J MADONNA MGR-FINANCE 8218 FOREST GATE DR SVL R ~.h~Ja %~ 40 103 500 . 250 . Total number of other employees paid over $50,000 . " 21 3 Five highest-paid Independent contractors for professional services - (see page 20 of the Instructions) . If none, enter

"NONE." (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation

GIBSON'S LANDSCAPE CONTRACTORS

1713 OJEMAN HOUSTON TX LANDSCAPING 117 854 .

PLUS- TWO- INTERIORS

PIE 406-7941 KATY FRWY HOUSTON TX INTERIOR DESIGN 90 , 043 .

STERN & BUCER

4902 TRAVIS ST HOUSTON TX ARCHITECTS 76 , 572 .

FULBRIGHT &_ JAWORSKI,_ LLP

. 1301 MCKINNEY X5100 HOUSTON TX LEGAL 61 , 297

-----------------------------------------------------

Total number of others receiving over $50,000 for professional services , , " 0

Summary of Direct Charitable Activities

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

1 ----------------------------------------------------------------------------

----------------------------------------------------------------------------

2

SEE STATEMENT 21

7 , 154 , 262 . 3

----------------------------------------------------------------------------

4

----------------------------------------------------------------------------

Forrr, 990-PF (zoos)

JSA 3E1460 2 000

22POlA P184 02/28/2005 09 :28 :34 V03-8 9

Form 990-PF (2003) 74-6045' Summary of Program-Related Investments see page 21 of e instructions

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2

7

Amount

1 NONE

---------------------------------------------------------------------------

----------------------------------------- ------------------------ --------------------------------------------

NONE

---------------------------------------------------------------------------

lines 1 through 3 Minimum Investment Return (All domestic foundations must complete this part . Foreign see page 21 of the instructions .)

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 . . . . , , . . , . . , , . . . . . , . . . , , , . . . . . 1 a Average of monthly cash balances . . . . . . . . . . . . . . . . . . . . . . . . 1 b Fair market value of all other assets (see page 22 of the instructions) . . . , . . . . . . . . , , , , , , , 1 c Total (add lines 1 a, b, and c) . , . . . . . . , , . . . . . . , , . , . . . . . . . . 1 d Reduction claimed for blockage or other factors reported on lines 1a and 1 c (attach detailed explanation) .

~ , . . . . . . . , , 1 e

Acquisition indebtedness applicable to line 1 assets 2 Subtract line 2 from line 1d 3 Cash deemed held for charitable acUvities . Enter 1 1/2 °~ of line 3 (for greater amount, see page 23 of the instructions) 4 Net value of noncharitable-use assets. Subtract~line 4 from line 3. Enter here and on Part V, line 4 . . 5 Minimum Investment return . Enter 5°k of line 5 , 6 -

a b c d e

340

2

49 5 6

Distributable Amount (see page 23 of the InstfuCfions) (Section 49420(3) and 0)(5) private operating foundations and certain foreign organizations check here ii.. FKI and do not complete th is part.)

1 Minimum investment return from Part X, line 6 . . . . , . . . . , , , , .

, , "

, , , , . , , , , . . . . . 2a Tax on investment income for 2003 from Part VI, line 5 . . . . . . . . 2a NOW b Income tax for 2003 . (This does not include the tax from Part VI.) . . . 2b c Add lines 2a and 2b

3 Distributable amount before adjustments. Subtract line 2c from line 1 . . , . . . . . . . . . . . . . . . 4a Recoveries of amounts treated as qualifying distributions , , , , , , , ~ 4a ~ NOW b Income distributions from section 4947(a)(2) trusts . . . , , . . , . . 4 b c Add lines 4a and 4b

5 Add lines 3 and 4c 6 Deduction from distributable amount (see page 23 of the instructions) , . . . . . , 7 Distributable amount as adjusted . Subtract line 6 from line 5. Enter here and on Part XI II, line 1 .

[~ Qualifying Distributions (see page 23 of the instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: a Expenses, contributions, gifts, etc. - total from Part I, column (d), line 26 . . . . . . . . . . . , , , , , , b Program-related investments - Total from Part IX-B

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

1

2c

4c

9,193,788 .

2

All other program-related investments See page 21 of the instructions

1

2 3 4

purposes . . . , . . . . . . . . . _ . . . . . . . . . . 2 9 , 156 , 034 . 3 Amounts set aside for specific charitable projects that satisfy the: a Suitability test (prior IRS approval required) . _ , , . . . , . . , . , . . . . . . . . . . . . . 3a NONE b Cash distribution test (attach the required schedule) . . . . . . . . . . . , . . . . . . . . . . . . . , 3 b NONE -

4 Qualifying distributions . Add lines 1 a through 3b Enter here and on Part V, line 8, and Part All, line 4 , , , , , 4 18 , 349 , 822 . 5 Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment

income . Enter 1°k of Part I, line 27b (see page 24 of the instructions) . . . , . . . . . . . . . . , , , , 5 92 , 746 . 6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 18 257 076 .

Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction of tax in those years.

Form 990-PF (2003) JSA 3E1470 7 000

22POlA P184 02/28/2005 09 :28 :34 V03-8 10

Form 990-PF (2003) 74-6045327

Undistributed Income (see page 24 of the instructions)

(a) (b) (c) (d) 1 Distributable amount for 2003 from Part XI, Corpus Years prior to 2002 2002 2003

line 7

2 Undistributed income, if any, as of the end of 2002 a Enter amount for 2002 only , , , , , , , , ,

b Total for prior years

3 Excess distributions carryover, if any, to 2003 : a From 1998 , , , , , , NO b From 1999 , , , , , NO c From 2000 , , , , , , NO

A~Jk,'^" A; d From 2001 , , , , , NO T e From 2002 � � � NO f Total of lines 3a through e , , , , , , , , , ,

4 Qualifying distributions for 2003 from Part XII, line 4:110- $

a Applied to 2002, but not more than line 2a , ,

b Applied to undistributed income of error years (Election required - see page 24 of the instructions)

c Treated as distributions out of corpus (Election required - see page 24 of the instructions) , ,

d Applied to 2003 distributable amount, , , , , , e Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 2003 (If an amount appears in column (d), the same amount must be shown in column (a).)

6 Enter the net total of each column as indicated below:

a Corpus. Add lines 3f, 4c, and 4e . Subtract line 5

b Prior years' undistributed Income. Subtract line 4b from line 2b

c Enter the amount of prior years' undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed , , , , , , ,

d Subtract line 6c from line 6b. Taxable amount - see page 24 of the instructions , , , ,

e Undistributed income for 2002 Subtract line 4a from line 2a Taxable amount - see page 24 of the instructions

t Undistributed Income for 2003 . Subtract lines 4d and 5 from line 1 . This amount must be distributed in 2004

7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(E) or 4942(8)(3) (see page 25 of the instructions) , , , , , , ,

8 Excess distributions carryover from 1998 not applied on line 5 or line 7 (see page 25 of the instructions) . . . . . . . , , , , , , , ,

9 Excess distributions carryover to 2004. Subtract lines 7 and 8 from line 6a . . . . . . .

10 Analysis of line 9 : a Excess from 1999 . . b Excess from 2000 . . c Excess from 2001 . . d Excess from 2002 . . e Excess from 2003 .

Form 990-PF (2003)

JSA 3E1480 1 000

22POlA P184 02/28/2005 09 :28 :34 V03-8 11

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

Jsn 3 E 14 90 1 000

22POlA P184 02/28/2005 09 :28 :34 V03-8 Form 990-PF (2003)

12

i Form 990-PF (2003) 74-6045327 Private Operating Foundations (see page 25 of the 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 2003, enter the date of the ruling . . . . . . . . , . , . " 02 / 14 / 1972

b Check box to indicate whether the organization is a private operating foundation described in section X 4942Q)(3) or 4942(j)(5) 2 a Enter the lesser or the Tax year Prior 3 years

adjusted net income from (a) 2003 (b) 2002 (c) 2001 (d) 200 ~ (e) Total Part I or the minimum a~ ~ o /~ OT 7/,/0-;- !~ ~O 3 7 ~ investment return from Part 1 / l 3 f ~°i "-/ G a "2- X

'A/6' ~O 413-1-1 toreacnyearlisted . . , 5 , 314 , 825 . 2 1 924 , 898 . 3 527 337. 1 1 846 , 225. 13 613 285 .

b 85% of line 2a , , . , , 4 , 517 , 601 . 2 , 486 , 163 . 2 , 998 : 236. 1 1 569, 291 . 11 : 571 , 291 . C Qualifying distributions from Part

x11,line atoreach year listed , 18 , 349 , 822 . 11 941 403. 12 724 783 . 1 , 569 , 291 . 44 585 299. C1 Amounts included in line 2c not

used directly for active conduct or exempt activities , , , , 141 , 632 . 147 , 624 . 103 , 448 . 28 , 331 . 421 035 .

e Qualifying distributions made directly for active conduct of exempt actNfts Subtract line 2dfrom line 2c . . . . . 18 208 190 . 11 793 779 . 12 621 335 . 1 , 540 , 960 . 44 164 264 .

3 Complete 33 b, or c for the

alternative test relied upon 8 "Assets, alternative test - enter

Value W all assets (2) value of assets qualifying

under sedan "9d2UH3xBKI) . . .

b 'Enaowmenr alternative test-Enter 2l3 of minimum investment return shown in Part %, line 6 for each year listed , , , , , , , , , , 5 , 466 , 209 . 5 1 015 , 878 . 5 1 571 , 233. 3 178 104 . 19 231 424.

C "Support'alternative test -enter (1) Total support other than

gross investment income (interest dividends, rents, payments on securities loans (section 512(ax5)), or royalties) . , , , , ,

(2) Support from general public and 5 or more exempt organizations as provided in secbon <s<zox3xexuQ . . . .

(3) Largest amount of support from an exempt oryanlzatan

Gross investment income ,

FT.rl[ M, Supplementary Information (Complete this part only if the organization had $5,000 or more in assets at any time during the year - see page 25 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 tax year (but only if they have contributed more than $5,000) . (See section 507(d)(2) .)

MS . LOUISA STUDE SAROFIM

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°b or greater interest .

NONE

2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs : Check here 1 [i] if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds

If the organization makes gifts , grants etc (see page 25 of the 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:

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

c Any submission deadlines :

74-6045327 Form 990-PF (2003)

Supplementary Information (continued)

JSA Form 990-PF (2003)

3E 1491 2 000

22POlA P184 02/28/2005 09 :28 :39 V03-8 1 3

JSA 3E7492 1 000

1A 22POlA P184 02/28/2005 09 :28 :34 V03-8

Form 990-PF (2003) 74-6045327

EVITM Analysis of Income-Producin Activities Enter gross amounts unless otherwise indicated . Unrelated business income Excluded by section 512, 513, or 514 g Related or exempt

a function income ___ (b) - ~C) ~C) .__ (d) ISPe Inane 26 of

1 Program service revenue : code Amount code Amount < IV, 11 IOU -IVI .0 I

a ROYALTIES 5 , 679 .

b REIMBURSM'TS/ MISC 33 , 445 .

c BOOKSTORE INCOME 141 059 .

d e

f

g Fees and contracts from government agendas

2 Membership dues and assessments , , , , , 3 Interest on sarongs and temporary cash investments 14 16 , 728 .

4 Dividends and interest from securities , , , , 14 5 ,548 ~168 .

S Net rental Income or (loss) from real estate : a Debt-financed property , , , , , , , , , 30

b Not debt-financed property , , , , , , , 16 -8 , 131.

6 Net rental income or (loss) from personal property

7 Other Investment Income , , , , , , , , , , 8 Gain or (loss) from sales of assets other than mveMory 18 6 564 147 .

9 Net Income or (loss) from special events , , ,

10 Gross profit or (loss) from sales of inventory . . 11 Other revenue: a

b c d e

12 Subtotal . Add columns (b), (d), and (e) , , , , ~ ~ 12,120,912 .1 180,183 . -13 Total . Add line 12, columns (b), (d), and (e) , , , , , , , , , , , , , . . , . . . . . . . . . . . . . . . . . . . 1 3 12,301,095 .

See worksheet in line 13 instructions on page 26 to ve ' calculation. Relationship of Activities to the Accomplishment of Exempt Purposes

" I Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to Line No. the accomplishment of the organization's exempt purposes (other than by providing funds for such purposes). (See

page 26 of the instructions .)

Form 990-PF (2003)

2 a Is the organization 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? , , , , , , , , , , , , , , , , , , ~X Yes [:] No

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

RICHMONT CORPORATION 501 C 2 CORP . MENIL FOUNDATION OWNS 100 OF

THE STOCK OF THIS CORP .

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, orrect, and complete Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge

N 2 e

L 2~ Prepares :s 1!

' 0 signature

a v a Firm's name (or yours if ' W. P . SC OENFIELD d M

self-employed), address, 3411 RICHMOND AVE and ZIP code

JSA 3E1493 7 000

22POlA P184 02/28/2005 09 :28 :34 V03-8

Form 90-PF 2003 74-6045327 Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

1 Did the organization directly or indirectly engage in any of the following with any other organization described in section Yes No 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

a Transfers from the reporting organization to a noncharitable exempt organization of: (1) Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a1 X (2) Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . la (2 ) X

b Other transactions: (1) Sales of assets to a noncharitable exempt organization , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1 b0 ) X (2) Purchases of assets from a noncharitable exempt organization , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1 b(2) X (3) Rental of facilities, equipment, or other assets , , , , , , , , , , , , , , , , , , , , , , , . , , , , , , , , , , , , , 1 b( 3 ) X (4) Reimbursement arrangements , , , , , , , , , , , , , , , , , , , , , . . . . . . . . . . . . . . . . , . . . , , , , 1 b 4 X (5) Loans or loan guarantees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 b (6) X (6) Performance of services or membership or fundraising solicitations , , , , , , , , , , , , , , , , , , , , , , , , , , , , 1 b 6 X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees , , , , , , , , , , , , , , , , , , , , , , , , , 1 c X d 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 organization. If the organization received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services

3/1'r/aS Sign lure of officer or trustee

OMB No 1545-0047

2003 Employer identification number

74-6045327

Schedule B Schedule of Contributors (Form 990, 990-EZ, or 990-PF) Supplementary Information for Department of the Treasury

Internal Revenue Sennce line 1 of Form 990, 990-EZ, and 990-PF (see instructions) Name of organization

MENIL FOUNDATION, INC .

Section:

501(c)( ) (enter number) organization

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

527 political organization

501(c)(3) exempt private foundation

0 4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Form 990-PF

JSA 3E1251 7 000

16 22POlA P184 02/15/2005 10 :09 :31 V03-8

Organization type (check one) :

Filers of:

Form 990 or 990-EZ

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 -

D 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 -

D 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)(vi) 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 )

0 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 .)

D 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 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " $

Caution: Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule 8 (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 1 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).

For Paperwork Reduction Act Notice, see the Instructions Schedule B (Form 890, 890-EZ, or 990-PF) (2003) for Form 890 and Form 890-F2 .

Schedule B (Forth 990, 990-EZ, or 990-PF) (2004) Name of organization

Menil Foundation, Inc .

Contributions (See Specific Instructions)

(a) (b) No . Name address and ZIP + 4

1 Mrs. Dons Fondren Allday ----------------------------------------------------------------------------------------

P. O.-Box- 27407

Houston,--TX- 77227

(a) (b) No. Name address and ZIP + 4

2 Mr. and Mrs. Eddie Allen ------------------------------------------

1922 Albans Road ----------------------------------

Houston,--TX- 77005

(c) (d) A re ate contributions Type of contribution

Person OX Payroll

$ 5,000 Noncash 0 (Complete Part II if there is a noncash contribution )

(c) (d) A re ate contributions Type of contribution

Person OX Payroll 0

$ 10,000 Noncash (Complete Part II if there is a noncash contribution .)

(a) (b) (c) (d) No . Name address and ZIP + 4 A re ate contributions Typo of contribution

3 Carol C. Ballad Person OX -------------------------------------------------------

Payroll

5030 Green Tree Road $ _________________5,000 Noncash []

Houston,--TX- 77056 (Complete Part 11 if there is

)

(a) (b) (c) (d) No. Name, address and ZIP + 4 Aggregate contributions T of contribution

4 AOL Time Warner Inc. Person X~ -------------------------------------------------------

Payroll 0 75 Rockefeller Plaza ------------------------------------------------------- $ --------------- - 10,000 Noncash

(Complete Part II if there is New-York, - NY - 1-0019 ------------------------------ a noncash contribution )

(a) (b) (c) (d) No . Name, address and ZIP + 4 Aggregate contributions Type of contribution

5 The Brown Foundation, Inc. . Person XO -------------------------------------------------------

Payroll D P. O . -Box --130646 ---------------------------------------------------- $ -------------- 120-----,----000 - Noncash

Houston,_ TX 77219 _ (Complete Part It if there is

(a) (b) (c) (d) No. Name, address and ZIP + 4 Aggregate contributions Type of contribution

6 Ms. Nancy C. Allen Person X~ -------------------------------------------------------

Payroll 0 5130 Green Tree ------------------------------------------------------- $ ----------------- 5--,----000 - Noncash o

(Complete Part It if there is a Houston, _ TX 77056 noncash contribution.)

EIN. 74945327 Schedule S (Form 990, 990-EZ, or 990-PF) (2004) UGA

Page 1 to 15 of P art

Employer Identification Number

74 -" 6045327

Schedule B Form 990, 990-EZ, or 990-PF 2004 Pa 2 to 15 of Part 1 Name of organization Employer Identification Number

Menil Foundation Inc. 1 74 -1 6045327



7 Toni and Jeffery Beauchamp Person OX -------------------------------------------------------

Payroll 0 9 Pinehill Lane $ 5,000 Noncash

Houston,--TX- 77019 (Complete Part 11 if there is


8 The Cullen Foundation Person OX -------------------------------------------------------

Payroll a 601-Jefferson,--40th Floor $ ______ 100,000 Noncash 0

(Complete Part II if there is Houston, TX 77251 a noncash contribution .)


9 Art Mentor Foundation Lucerne Person X -----

--- Payroll Murbacherstrasse 3 $ 158,504 Noncash 0

(Complete Part II if there is CH-6003 Luzem, Switzerland a noncasn contribution.)


10 D & DF Foundation Person [X

Payroll 1 Maritime Plz: Suite 1400 ------------------------- $ ----------------- 5,000 Noncash

(Complete Part 11 if there is San Francisco, CA 94111-3504 a noncash contribution.)


11 Leslie Elkins and Shannon B. Sasser Person OX Payroll 0

2111 Chilton Road ___ $ 5,000 Noncash 0

c there is

HouStOn, TX 77019 a nonash contribution.)


12 Eric and Karen Pulask Philanthropic Fund Person OX -------- Payroll 0

8726 Stablecrest Boulevard $ ____________-__ 10,000 Noncash

Houston, TX 77024 (Complete Part 11 if there is a

EIN . 74-6045327 Schedule B (Form 990, 990-EZ, or 990~PF) (2004) UGA

Schedule B Forth 990, 990-EZ, or 990-PF 2004 Pa 3 to 15 of Part 1 Name of organization Employer Identification Number

Menil Foundation Inc. 1 74 -~ 6045327


No. Name, address and ZIP + 4 Aggregate contributions Type of contribution

13 Mr. Edwin A. Eubanks ------

Person X Payroll

3202 Aroonne Street $ ----------------- 5,000 Noncash

HOUSton, TX 77024 (Complete

contribution j is


14 Mr. Jesse H Jones II Person OX ------- Payroll

2208 SalisburyLane------------------------------- - $ ----------------- 5,000 Noncash

Houston,--TX- 77019 (Complete Part 11 If there


15 Fayez Sarofim & Co. Person X Payroll 0

909 Fannin_Suite 2907 Two Houston Center) __ $ ________-_---_225,000 Noncash _

Houston, TX 77010-1083 a noncash contribution there is


16 H. Fort Flowers Foundation, Inc. Person X -------------------------------------------------------

Payroll D 1210 River Oaks Bank Tower, 2001 Kirby Drive_ $ _________________5,000 Noncash

Houston, TX 77019 (Complete Part 11 if there is


17 Mr . William B. Jordan Person OX Payroll 1-1

3601 Turtle Creek Blvd_ #704______________________ $ 5,000 Noncash

Dallas, TX 75219-5553 aCnoncash Pan 11 if there is

(a) (b) (c) (d) No. Name, address and ZIP + 4 Aggregate contributions T of contribution

18 The Gailo Trust Person X ----- Payroll 0

3617 Olympia Drive ___-__-___ $ ______,_-______ 10,000 Noncash 0 (Complete Part II if there is

Houston,- TX 77019-3027 a noncash contribution.)

EIN " 74045327 Schedule B (Forth 890, 990-EZ, or 990-PF) (2004) UGA

to 15 of Part

Employee Identification Number Name of organization Menil Foundation, Inc.


(a) (b) No. Name, address and ZIP + 4

19 George and Mary Josephine Hamman Foundation

3336 Richmond, Suite 310 -------------------------

Houston,--TX- 77098


20 The Greentree Fund -------------------------------------------------------

5130 Green Tree

Houston,--TX- 77056


21 Mr . and Mrs. David Grimes ---------------------------------------------

2476 Bolsover Street

Houston, TX 77005-2518

(a) (b) No . Name, address and ZIP + 4

22 H . E. Butt Store Property Company No. One

P. O. -Box- 839955

San Antonio, TX 78283-3955


23 The Hobby Family Foundation -----------------------------------

2131 San Feliee------------------------------------

Houston,--TX- 77019

(d) )e of contribution

(c) Aggregate contributions

$ 16,000


$ --------------- 10,000


$ 10,000


$ 10,000


$ ---------------- 20,000


$ -------------- 100,000

Type of contribution

Person ~X

Payroll

Noncash (Complete Part II if there is a noncash contribution .)

(d) Type of contribution

Person OX

Payroll

Noncash 1-1 (Complete Part II if there is a noncash contribution .)


Person OX

Payroll

Noncash 0

(Complete Part 11 if there is a noncash contribution .)


Person OX

Payroll 0

Noncash 0

(Complete Part II if there is ) a noncash contribution


Person X Payroll 0

Noncash

(Complete Part II if there is a noncash contribution.)


24 Houston Endowment Inc.

600 Travis, Suite 6400


EIN 74f045327

UGA Schedule B (Form 990, 990-E2, or 890-PF) (2004)

Person 0 Payroll 0 Noncash


Name of organization Menil Foundation, Inc .



25 Houston Museum District Association -------------------------------------------------

1020 B Holcombe Boulevard, Suite 1300



26 Mathew Marks Inc

523-West-24th Street --------------------------

New-York, - NY- 1001 -------------

Identification Number

(c) (d) Aggregate contributions Type of contribution

Person ~X

Payroll []

$ 199,925 Noncash 0

(Complete Part II if there is a noncash contribution .)


Person ~X

-- Payroll 0

$ 5,000 Noncash []

(Complete Part II ff there is a noncash contribution .)

(a) (b) No . Name, address and 21P + 4

27 John P. McGovern Foundation -------------------------------------------

2211 -Norfolk,-Suite 900

Houston, 7X 77098-4044 -----------------------------------


28 Mr. and Mrs . William K. McGee Jr .

5957 Crab Orchard

Houston, TX 77057


29 Mr. John Franklin Fort, III

1323 North Boulevard

Houston, TX 77006


30 Frances R. Dittmer Family Foundation

P. O.-Box- 2219

A-Ps en,_ CO_ 81611 -- - - - ----------------------------------------EIN 74045327

UGA

(c) I (d) contributions Type of contribution

Person X Payroll 0 Noncash 0


$ -----------------5,000

(a) I (d) contributions Type of contribution

Person ~X Payroll Noncash 0


-----------------5,000

(c) I

(d) contributions Type of contribution

Person X Payroll Noncash


$ --------------- 10,000




$ --------------- 20,000

Schedule B (Form 990, 990-EZ, or 990-PF) (2004)

Name of organization _ Menil Foundation, Inc.



31 Ms. Karol Kreymer and Dr. Robert J. Card ------------------- -------------------

1-0-South- Briar Hollow Lane, No. 68

Houston, TX 77027


32 Ms. Janie C. Lee - -----------------------------------------

1209 Berthea

Houston, TX 77006


33 Mr. and Mrs. John L. Marion -------------------------------------------------------

1400 Shady Lane

Fort Worth, TX 76107


34 Mary Kathryn Lynch Kurtz Charitable Trust

2701 Kirby Drive (Northern Trust Bank) .......... -----------------------

Houston, TX 77098


35 Gulf Investment Management Inc.

840 Gessner, Suite #500

Houston, TX 77024


36 Mrs. Nancy 8. Negley

2121 Kirby Drive_#24NE

Houston, TX 77019

EIN 74-8045327 UGA


r4 -~ 6045327

(d) pe of contribution

(c)

Person ~X Payroll Noncash []


$ --------------- 10.000

(c) I

(d) contributions Type of contribution

Person X Payroll Noncash 0


$ 10,000

(C) contributions Type of contribution

Person []X

Payroll Noncash 0


$ -----------------5,000


Person OX

Payroll 0

$ _____--________ 96,143 Noncash (Complete Part N if there is a noncash contribution .)


Person x Payroll Noncash



Person ~X Payroll 0 Noncash


$ --------------- 10,000


$ -----------------5,000

(c) contributions

Employer Identification Number Name of organization




37 Nightingale Code Foundation

1001 McKinney,_Suite 1900 ------------------------

Houston,--TX- 77002-6418


38 Mr. and Mrs. Roy L. Nolen - - - --------------------------

3059 Reba Drive

Houston,--TX- 77019


39 Ms. Floranz Pew

5555 Del Monte #2105 -----------------------------

Houston,--TX- 77056

(d) go of contribution


$ --------------- 50,000

(c) I Aggregate contributions

$ 5,000


$ -----------------5,000


$ 10,000


$ -----------------5,000


$ --------------- 20,000

Person ~X

Payroll 0 Noncash

(Complete Part II if there is a noncash contribution )

(d) De of contribution

Person OX Payroll Noncash 0

(Complete Part II if there Is a noncash contribution .)


Person X Payroll 0 Noncash 0

(Complete Part II if there Is a noncash contribution .)


Person ~X Payroll Noncash 1-1



Person X[] Payroll 0 Noncash 0



Person OX Payroll 0 Noncash



42 Georges Pompidou Art and Culture Foundation

1515 Branard

Houston, TX 77006

EIN 74045327

UGA Schedule B (Form 990, 990-EZ, or 890-PF) (2004)


40 Ms. Mary L. Porter

Two Houston Center, Suite 2907 --------------------------------------------------

Houston, TX 77010 -------------------------------


41 Mr . Charles A. Perlitz III -------------------------------------------------------

P. O. -Box- 234

Danby,_ VT_05739

to 15 of Part Employer Identification Number

74 -~ 6045327 Name of organization




43 ,loann and Gifford Phillips - ----------------------------------------

3881 Old Santa Fe Trail ----------------------

Santa-Fe,--NM 87505


44 Allison Sarofim 1990 Management Trust

Two-Houston-Center,-Suite 2907



45 Merkley Newman Harty

200 Varick Street

New-York,-NY - 1-0014

No. Name, address and ZIP + 4

46 Mrs. Samuel Nash Sprunt - --------------------------------

3702 Knollwood

Houston,--TX- 77019


$ 5,000


$ --------------- 85,000


$ --------------- 20,000


$ --------------- 10,000


$ -----------------5,000

(c) Aaaresrate contributions














47 Mr. Roy H. Trice, Jr. and Ms. Elizabeth Howard

9 Shadder Way-------------------------------------

Houston,--TX- 77019



Person X Payroll

Noncash

(Complete Part II if these is a noncash contribution .)




48 Gerald D . Hines ------------------------------

2800 Post Oak Boulevard


EIN : 74f045327

UGA

-------- 1 $ --------------- 30,000


to 15 of Part 1


DIM Contributions (See Specific Instructions)


49 Mr. Herbert C. Wells - - -----------------------------------

3711 San Feliee,_#3-H

Houston,--TX- 77027


50 Hoisington Investment) Management Cielo Center, Building 3, Suite 600 1250 S. Capital of Texas Highway .. . . . . . .. . . . . .. .

Austin, TX 78746-6643


51 Mr. and Mrs. Wallace S. Wilson - ----------------------------------

910 Travis, Suite 1980

Houston,--TX- 77002


52 Mrs. Wilhelmina R. Smith -------------------------------------------------------

2121 Kirby Drive_#36 ------------------------------

Houston,--TX- 77019




$ -----------------5,000



(Complete Part II If there is a noncash contribution.)

$ -----------------5,000


Person OX Payroll 0 Noncash 0

(Complete Part II H there is a noncash contribution.)

$ 10,000




$ -----------------5.000


53 The Wortham Foundation -------------------------------------------------------

2727 Allen Parkway,_Suite 1570 -------------------

Houston,--TX- 77019


54 James Kelly Contemporary, Inc. - --------------------

1601 Paseo de Peralta

Santa Fe, NM 87501-3723




$ -------------- 200,000

(a) L (d) contributions Type of contribution



-----------------5,000

Schedule B (Form 990, 990-EZ, or 980-PF) (2004) EIN 74 .6045327

UGA

(c) contributions

(c) contributions

(c) contributions

Schedule B (Form 990, 990-E2, or 990-PF) (2004) Name of organization

Menil Foundation, Inc.


No . Name, address and ZIP + 4

55 JP Morgan Chase Foundation

270 Park-Avenue,- 33rd-Floor _____-_---_-__-__-____ $

New York, NY 10017


56 Olive McCollum Jenney

Page 10 to 15 of Part 1 Employer Identification Number

74 -~ 6045327


Person X

Payroll 0 Noncash 0


10,000

contributions (d)

Type of contribution



2304 Westoate ------------------------------------- $ -----------------5,000 Houston, TX 77019


57 Mr. and Mrs. Michael L. Klein -------------------------------------------------------

526 West Friar Tuck -------------------------------- $

Houston, TX 77024


58 Lazard Freres & Co, LLC - - - --------------------------------

(c) (d) contributions Type of contribution

Person X Payroll

7,100 Noncash 0 (Complete Part II if there is a noncash contribution .)

(c) contributions


Person OX Payroll Noncash


30 Rockefeller Plaza -------------------------------- $ --------------- - 10,000

New York, NY 10020


59 Mr. and Mrs. Meredith J. Long

3722 Knollwood $

Houston, TX 77019


60 Ms. Marley Lott


Person X Payroll 0 Noncash

(Complete Part II if there is a noncash contribution)

_____ 70,000


(c) contributions



1928 South-Boulevard ________--_______---__________ $ 5,000

Houston, TX 77098

EIN 74f045327

UGA Schedule B (Form 890, 880-EZ, or 880-PF) (2004)





61 Mr . and Mrs . Thomas I . O'Connor, III --------------------------------

5 Rock Ride Lane ---------------------------------

San Antonio, TX 78209


62 Ms. Sylvia A. Pacholder - ---------------------------------

4899 Montrose Blvd_,_Spt_#1005________________

Houston, TX 77006

(a)-- (b) No. Name, address and ZIP + 4

63 Pricewaterhousecoopers ----------------------------------

1201 Louisiana, Suite 2900

Houston, TX 77002 -----------------------------------



Person X

Payroll $ 10,000 Noncash 0



Person OX Payroll [] Noncash

(Complete Part II N there is a noncash contribution .)


Person X~

Payroll Noncash []

(Complete Part 11 if there is a noncash contribution )

$ -----------------5,000


$ --------------- 30,000


64 Raymond & Susan Brochstein Foundation - -------------------------------

11530-Main- Street -------------------

Houston,_-TX_ 77025

(b) No. Name, address and ZIP + 4

65 Scaler Foundation, Inc.

2200 Post Oak Boulevard_ Suite 707



66 Mr. and Mrs. Keith Spickelmier

#2 Pinehill

Houston, TX 77019

EIN 74f045327

UGA


Person ~X

Payroll 0

$ 9,380 Noncash 0


M Aggregate contributions Type of contribution

Person []X

Payroll

$ -------------- 500,000 Noncash

(Complete Part IL if there is a noncash contribution .)

(c) (d) Aggregate contributions T of contribution

Person []X

Payroll 0

$ ______________- 10,000 Noncash 0


Schedule 8 (Forth 990, 990fZ, or 990-PF) (2004)

to 15 of Part 1


74 -: 1 8045327 Menil Foundation, Inc.



67 Sysco Corporation - ---------------------------------------

1390 Enclave Parkway _-_-__---_




Person []X Payroll Noncash []


$ --------------- 25,000


68 Taub Foundation - -----------------------------------------------

333 West Loop North, -4th- Floor_(Texan Building) $

Houston, TX 77024


Person OX Payroll [] Noncash


5,000

(c) contributions


Person X[] Payroll Noncash


69 Eugene V. Thaw ---------------------------------------------------

P . O . -Box - 2422

Santa Fe, NM 87504-2422


70 The Andy Wafiol Foundation for The Visual Arts, -------------------------------------------------

65 Bleecker Street, 7th Floor ----------------------

New-York, - NY- 1-0012


71 Tha Barnett & Annalee Newman Foundation ----------------------------------------------

145 East 57 Street ----------------------------------

New-York, - NY - 1-0022


72 The Evelyn Sharp Foundation -----------------------------------

545 Madison Avenue

New York, NY 10022

EIN 74-6045327

UGA

$ -----------------5,000


$ --------------- 75,000


$ --------------203,000


Person XD Payroll 0 Noncash

(Complete Part 11 if there is a noncash contribution.)


Person XD Payroll Noncasfi



Person XD Payroll

$ 10,000 Noncash 0


Schedule B (Form 990, 890fZ, or 990-PF) (2004)

Schedule B (Form 990, 990-E Name of organization

(c) contributions

W 15 of Part 1

Employee Identification Number Name of organization



73 The Margaret and James A. Elkins, Jr . Foundation 1166 First City Tower 1001 Fannin Street

Houston, TX 77002


74 The Peninsula Foundation -------------------------------------------------------

517 Broadway,-3rd- Floor

East Liverpool, OH 43920 -------------------------------------------


75 The Peter Jay Sharp Foundation -----------------------

545 Madison Avenue

New York, NY 10022


76 The RR Family Foundation - ---------------------------------

2001 Kirby Drive=Suite 610

Houston, TX 77019


77 The Search Foundation

800 Gessner=Suite 1260-

Houston, TX 77024 -----------------------------------


78 Mr . and Mrs. Benhamin D. Wilcox

2904 Femdale

Houston, TX 77098

EIN 74f045327

UGA


$ 150,000


$ 9,000


$ 100,000


$ -----------------5,000


$ -------------- 500,000


-----------------5,000


Person ~X Payroll Noncash



Person XO Payroll 0 Noncash 0




Person X Payroll 0 Noncash

(Complete Part II If there is a noncash contribution .)




Person XO Payroll Noncash 0



Person X~ Payroll Noncash

(Complete Part II If there is a noncash contribution.)


to 15 of Part 1 Employer Identification Number

74 -~ 6045327

Schedule B (Forth 990, 990-EZ, or 990-PF) (2004)





79 Winifred T. Carter Trust --------------------------------------------------------

1001_ Fannin, Suite 700

_Houston, TX 77002 ---------------------------------------------------------


Person ~X Payroll 0

Noncash (Complete Part II if there is a noncash contribution.)

$ ----------------50,000


80 Ms. Marilyn Oshman ----------------------------------------

2004 River Oaks Blvd. ---------------

-Houston, --TX- 77019


$ ----------------- 8,149

---------------- 18,836_


Person X~ Payroll

Noncash ~X

(Complete Part II if these is a noncash contribution )


81 Mr. Harry C . Pinson - ----------------------------------------------------

3311 Del Monte --------------------------------------

-Houston, --TX- 77019

(e) (b) No. Name, address and ZIP + 4

82 Mr . William F. Stem -------------------------------------------

1202 Milford ------------------------------------------

-Houston,--TX- 77006

(a) - -

(b) No. Name, address and ZIP + 4

83 Mr. and Mrs. Ira Jackson -------------------------------------------------

_10926 Long Shadow Lane --------------------------



84 Mrs . Eliza Lovett Randall ---------------------------------------------------------

50 Briar Hollow #305 East --------------------------


EIN 74-6045327


$ ----------------- 9_772_


$ ----------------- 5,113


$ ----------------- 5=043_


$ ----------------- 5=083_


Person Payroll 0

Noncash X (Complete Part II if there Is a noncash contribution )


Person Payroll

Noncash X~



Person 0 Payroll 0 Noncash X



Person 0 Payroll Noncash XO



to 15 of Part 1


Menil Foundation, Inc.



85 Mr . and Mrs. Richard J . Schnieders -------------------------------------------------------

2121 Kirby_Dr ., #109

Houston, TX 77019


86 Caroline Wiess Law 1960 Trust 2001 Kirby Dr ., --------------------------------------713-River-Oaks Bank Tower

Houston, TX 77019


87 Ms. Louisa Stude Sarofim -------------------------------------------------------

First City Tower, 1001 Fannin, Suite 4700

Houston, TX 77002


88 Mr . and Mrs. Charles B. Wright, III --------------------------------------------

1938 Fairview Avenue East

Seattle, WA 98102


89 Mr . and Mrs. Christophe de Menil ------------------------------------------------------

18 East 81st Street ---------------------------------

New-York, - NY- 1-0028



Person 0

Payroll 0

$ ----------------- 6,401_ Noncash X



Person

Payroll 0

$ --- - -------- 4,399,136 Noncash X[]



Person []

Payroll

$ ------------ 7,003,000 Noncash X (Complete Part II if there is a noncash contribution


Person 0

Payroll 0

$ 15,179 Noncash OX



Person

Payroll 0 $ ------ ------ --- 24=000 Noncash OX



Person 0 -------------------------------------------------------

Payroll a ------------ $ ------------------------ Noncash C7 -------------------------------------------

(Complete Part II if there is ------------------------------------------------------- a noncash contribution .)

EIN 74045327 Schedule B (Form 990, 990-EZ, or 990-PF) (2004)

UGA

Schedule B Form 990, 990-EZ, or 990-PF 2004 Page 1 to 4 of Part II

Name of organization Employer Identification Number

Menil Foundation Inc. 7 4 - 6 0 4 5 3 2 7

Noncash Property (See Specific Instructions)

(a) No . (b) (c) (d) from Description of noncash property given FMV (or estimate) Date received Part I (see instructions)

------------------------------------------------------------ ---------------------- ------- -------- -------300-shares of Sports Auth_Mc. stocks _ _-------------- --------------------- $ ------------ 8--,-1-1-5----- ----- 8- / ---- - 7/2003 - -100 shares of Sports Auth_Inc . stocks $ -- ---------- 3,757 ___ 10- / 16/2003

200 shares of Sports Auth-Inc . stocks $ _-----___-__6,964 _----6 /_____ 2_/ _2004

(b) (c) (d) Description of noncash property given FMV (or estimate) Date received

(see instructions)

------------------------------------------------------------ ------------------------------------------------------------100 shares of Procter & Gamble Co . stocks

$ 9,772 12/ 22/2003

(b) (c) (d) Description of noncash property given FMV (or estimate) Date received

see instructions)

------------------------------------------------------------------------------------------------------------------52 shares of Procter & Gamble Co . stocks

$ 5,113---

(b) (c) Description of noncash property given FMV (or estimate)

(see instructions)

121 23 ! 2003

(d) Date received

(a), IN o. from Part I

80

(a) No. from Part I

81

(a) No . from Part f

82

------------------------------------------------------------ -------------------------------------------------------------

83 125 shares of Exxon Mobil Core- stocks ------------------- $ 5,043 12 / ----29 - / 2003


------------------------------------------------------------ -------------------------------------------------------------

84 137 shares of Pfizer Inc. stocks

$ 5,083 2 / 2-/ 2004

(a) No. (b) (c) (d) from Description of noncash property given FMV (or estimate) Date received Part I (see instructions)

------------------------------------------------------------ ------------------------------------------------------------

85 174 shares of Sysco Corp-stocks -------------------------

------------------------------------- $ 6,401 5 /----24-/ 2004

EIN 7a-6oa5327 Schedule B (Form 890, 990-EZ, or 980-PF) (2004) UGA

Schedule B Form 990, 990-EZ, or 990-PF 2004 Pag e 2 to 4 of Part II Name of organization Employee Identification Number

Menil Foundation Inc . 7 4 - :6045327

Noncash Propert; (See Specific Instructions)


20,823.62 shares of Sei Inst Tax-Free Fund #21 stocks $ 20,824 4- / 30 / _2004 10,500 shares ofAltria Group Inc- -stocks ------------------ $ -___-_ 581,490 -_- 4_/---- 30/2004

86 -32-shares-of American Ecology-Corp_ stocks -------------- $ -------------- 326 ---- ---_ 4_/___ 30/2004

1,000 shares of American Express Co- stocks------_-----_ $ ---------- 48,950 ----- 4_/---- 30/2004 5,350 shares of American -1 n- 61 Grou Inc . stocks $ 383,328 4 / 30 / 2004


4,000 shares of Anheuser Busch Co . Inc . stocks $ 204,960 4 - / 30/2004 750 shares of Chevrontexaco CorQ-stocks-----___--_-__-- $ ,---------- 68,625 ---- _-__ 4_/_ 30 / _2004

86 4,560 shares of Citigroup Inc-stocks---_____----___-_----_ $ ___----- 219,290__-- _--_ 4_/_ 30/2004

6,600 shares of Coca Cola Co . stocks $ 333,762 4 / 30 / _2004 1,200 shares of Col ate Palmolive Co . stocks $ 34,728 4 / 30 / 2004


194 shares of Curtiss Wright Corp-CI-B stocks ------------- $ 8,693 _--- 4_/---- 30 / _2004 1,000 shares of Emerson Electric Co . stocks $ 60,220 4- / 30/2004

86 1,500 shares of Fannie Mae FKA Federal Nat'I stocks--- $ __------ 103,080__-- _--- 4_/- - - - 30/2004

700 shares of Federal Home Loan Mortgage stocks $ _40=880 4/ 30/ 2004 14,880 shares of General Electric Co . stocks -------- ------ $

--------- 445,656

---- ---- -

--_ 30 / 2004


1,300 shares of Gillette Co stocks $ 53,196 4 / 30 /2004 4_500 shares of Intel Corp_stocks_--------____-----__----_ . $ _-_-----_ 115,785 --- ___- 4_/---- 30 / _2004

86 2,600 shares of Johnson & Johnson stocks $ 140,478 4- / 30/2004

1,800 shares of KelloggCo-stocks ------------- ------------ $ ---------- 77,220 --- 4 - f 30/2004 1,175 shares of Marsh & McLennan Cos Inc . stocks $ 52,993 4 / 30 / 2004


1,000 shares of McGraw-Hill Co. Inc. stocks $ 78,860 4- / 30 / _2004 362 shares of Medco Health Solutions Inc . stocks $ 12,815 4- / 30 / 2004

86 3,000 shares-of -Merck & Co . Inc . stocks $ 141,000 4- / 30/2004

1,000 shares of Nestle SA Sponsored ADR stocks $ ----------- 63,242---- ---- 4_/_ 30/2004 2,500 shares of Pe sico lnc . stocks $ 136,225 4 / 30 1 2004


13,320 shares of-Pfizer -Inc .-stocks $ 476,323 4- / 30 / _2004 2,000 shares of Procter & Gamble Co . stocks $ 211,500 4- / 30/2004

86 1,250 shares of Target-Corp. stocks ----------------------- $ .____------54,213 ---- 4_l ___ 30 / 2004

1,500 shares of Unitrin Inc . stocks $ 59,475 -----4-/ 30/2004 - - 3 ,000 shares of Wa1-Mart Stores Inc. stocks $ 171000 4 / 30 / 2004

EIN 74-6045327 Schedule B (Form 990,990-EZ, or 990"PF) (2004) UGA

Schedule B Form 990, 990-EZ, or 990-PF 2004 Page 3 to 4 of Part II Name of organization Employer Identification Number

Menil Foundation Inc . 7 4 - 6 0 4 5 3 2 7



------------------------------------------------------------- Works of-Art-#2003-05-01 Ellsworth Kelly's Tablet,-

87 1948-1973, 1-88-framed-works-containi ng-81-9-sketches

in oil, pencil and collage- 20% ownershp interest ---------- $ 1,128,000 ___ 10_/_ 20/2003 _


------------------------------------------------------------- Works of-Art-#2001-009 .- 1-5 Mark Rothko Drawings

87 -1-5 -from- Five Studies for Harvard Murals, ca-1958-60 . ---- Tempera-on-colored paper----------- ----------------------- $ _____--- 250,000-__- ____ 6_l--- - 21_ / 2004


--------------------------------------------------------------

------------------------------------------------------------- 87 Works of-Art-#2001 -001 Robert Rauschenberg ,-----__--

Shirtboards, 1952 Morocco/Italy/ Set of 28 prints .- _ $ ----------- 50,000---- ---- -6-/ --_ 21_ / 2004


-------------------------------------------------------------- --------------------------------------------------------------

87 Works of-Art-#2003-02 Mark Rothko='Untitled", 1957 .

Oil on canvas . -25% ownership -interest interest- $ _-----_ 2-750 _000---- ---- 4_/---- 17/2004 ------------------- ~----------


------------------------------------------------------------- Works of-Art-#2003-02 Mark Rothko-"Untitled", 1957 .

87 Oil on canvas . FMV adjustment of prior year lift for--___--

qualified appraisal dated-6/21/04 ---___------___--_-__----- $ _-----_ 2-125,000- -___ 6_/_ 21/2004


------------------------------------------------------------- -------------------------------------------------------------

87 -Works-of-Art-#2003-04- Hans Hoffmann, "Ignotium per---_

Ignotius"-1963 . Oil-on- canvas, 25% ownership interest-- $ ___-----_ 375,000 ---- 5 - / 29/2004

EIN 74-6045327 Schedule B (Form 880, 990-EZ, or 990-Pf) (2004) UGA

i

Schedule B Form 990, 990-EZ, or 990-PF 2004 Page 4 to 4 of Part II Name of organization Employee Identification Number

Menil Foundation Inc . 7 4 - 6 0 4 5 3 2 7



-Works-of-Art-#2003-04- Hans Hoffmann, "Ignotium per---_ I9notius",_ 1963 . Oil-on- canvas . 25% ownership interest.

87 FMV adjustment of prior year gift for qualified appraisal--_

dated 6/21/04 . $ 187,500 6_ / 21/2004

(a) No. (b) (c) (d) from Description of noncash property given FMV (or estimate) Date received Part 1 (see instructions)

------------------------------------------------------------- -------------------------------------------------------------

87 Work of Art-#2003-03 Gober-"Untitled- -------------------- -1999-2000-Plaster. 25/0 ownership-interest interest--------------- $ __------ 137,500 ---- ---- 5_ ___ _29 2004 ---------------------- ~ ---------- - - -------

(a) No. (b) (c) (d) from Description of noncash property given FMV (or estimate) Date received Part 1 (see instructions)

------------------------------------------------------------- -------------------------------------------------------------

88 207 shares of Eli LiIIY & Co_stocks

$ 15,179 12/ 19/ 2003


------------------------------------------------------------- --------------------------------------------------------------

89 Work of Art-2002-09 Charles James-Infants Cocktail Dress,

Late 1946 $ 24,000 -----8 - / 8/2003


------------------------------------------------------------- -------------------------------------------------------------- -------------------------------------------------------------

$ / /


--------------------------------------------------------------------------------------------------------------------------

- --------------------------------------------------------------

ElN 74-6045327 Schedule B (Forth 890,990-EZ, or 990-PF) (2004)

UGA

Form 222 0

Department of the Treasury Internal Revenue Service

Underpayment of Estimated Tax by Corporations OMB No 1545-014

t See separate instructions . " 2003 Attach to the corporation's tax return .

Employer identification number Name

!M1V1L r-VVIVLAT1ViV . 11V1: . I /4-OV4DJG/

Note : In most cases, the corporation aloes not need to file Form 2220. (See Part I below for exceptions.) The IRS will figure any penalty owed and bill the corporation If the corporation does not need to file Form 2220, it may still use it to figure the penalty Enter the amount from line 36 on the estimated tax penalty line of the corporation's income fax return, but do not attach Form 2220.

LiM Reasons for Filing - Check the boxes below that apply. If any boxes are checked, the corporation must file Form 2220, even if it does not owe the penalty . If the box on line 1 or line 2 applies, the corporation may be able to lower or eliminate the penalty .

1 The corporation is using the adjusted seasonal installment method 2 ~ The corporation is using the annualized income installment method 3 I X I The corporation is a "large corporation" flouring its first required installment based on the Prior years tax.

the

92 .746

c Credit for Federal tax paid on fuels (see instructions) , , , , , , , , , , , , , , Sc d Total. Add lines 5a through 5c , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , 64

6 Subtract line 5d from line 4 . If the result is less than $500, do not complete or file this form The corporation does not owe thepenalty �� , 6

7 Enter the tax shown on the corporation's 2002 income tax return (see instructions) . Caution : ffriie taxis zero or ripe tax year was for less than 1? months, skip this line and enter the amount irvm line 6 on line 8 , , , , , , , 7 54,041 .

30

30 5 16 If the amount on line 15 is zero, subtract line

13 from line 14 Otherwise, enter-0- , , , , , 16

17 Underpayment If line 15 is less than or equal to line 10, subtract line 15 from line 10 Then go to line 12 of the next column Otherwise, go to line 18 . . . . . . . . . . . . . . 17

18 Overpayment If line 10 is less than line 15, subtract line 10 from line 15 Then go to line

JSA 3X8006 2 000

29 22POlA P184 02/28/2005 09 :28 :34 V03-8

4 Total tax (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 a Personal holding company tax (Schedule PH (Form 1120), line 26) included on line 4 , , , 5a

b Look-back interest included on line 4 under section 460(b)(2) for completed long-term contracts or section 167(8) fog depreciation under the income forecast method , , , , , ,

746

e Enter the smaller of line 6 or line 7 . If the

9 Installment due dates. Enter m columns (a) through (d) the 15th day of the 4th (Fam 990,PFfllers: Use 5th month), 6th, 9th, and 12th months of the corporation's tax year . . . 8 11 /15/20 Exception. If one of your installment due dates is September 15, 2003, or September 15, 2004, see the instructions

10 Required Installments. If the box on line 1 and/or line 2 above is checked, enter the amounts from Schedule A, line 38 If the box on line 3 (but not 1 or 2) is checked, see instructions for the amounts to enter If none of these boxes are checked, enter 25°k of line 8 above in each column . . . . . . . . . . 10 13 . 51

11 Estimated tax paid or credited for each period (see instructions) For column (a) only, enter the amount from line 11 on line 15 , , , , , , , Complete lines 12 through f8 of one column 6elae going to the next column.

12 Enter amount, if any, from line 18 of the preceding column . . . . . . . . . . . . .

13 Add lines 11 and 12 . . . . . . 14 Add amounts on lines 16 and 17 of we preceding

column . . . . . . . . . . . . .

15 Subtract line 74 from line 13 If zero or less, enter-0. .

. . .1s1 54,04

2/15/2003103/15/2004106/15/2004

8

Complete Part /it on page 2 to figure the penalty. If there are no entries on line 17, no penalty is owed. For Paperwork Reduction Act Notice, see separate Instructions . Form 2220 (2oos)

Form 2220 (2003) Page 2

Figuring the Penalty

JSA

3X8007 4 000

22POlA P184 02/28/2005 09 :28 :34 V03-8 30

1 9 Enter the date of payment or the 15th day of the 3rd mom after the close of the tax year, whichever K earlier (see Instructions) (Form 89o-PF and Form 990-T titers : Use 5th month instead of 3b month ) ,

2 0 Number of days from due date of installment on line 9 to

the date shown on line 79 ,

21 Number of days on line 20 after 4/15/2003 and before

1011/2003

Z Z Underpayment on line 17 M Number o1 days on Ane 21 r 5%

365

3 Number of days on line ZO after o/70/2007 and before 1/1/700

2 4 Underpayment on line 17 : Number of days on Fe 23 w 4%

365

Z b Number of days on line ZO after 12/71/2007 end before 4/1/2001

6 Underpayment on line 17 w Number of days on line 25 :176

366

7 Number of days on line ZO after 7/1/2004 and before 7/1/2004

28 Underpayment on line 17 s Number of days on 6e 27 x'16 ,

366

29 Number of days on lint 20 deer 6/70/4004 and before 1011/4004

30 Underpayment on Xne 17 Y Number o1 days on ire 29 s "% , ,

366

1 Number of days on line 20 after G/30/2004 and before 1/1/2005

2 Underpayment on he 17 X Number of days m In ]1 s

366

33 Number of days on line 20 after 14/77170W and before 211612005

$ 4 Underpayment on fine 17 x Number of days on line 33 x -%

365

35 Add lines 22, 24, 26, 28, 30, 32, and 34 ,

36 Penalty. Add columns (a) through (e) of line 35 . Enter the total here and on Form 1120, line 33 ; Form 1120-A, line 29, or the comparable line for other income tax returns , . 136 1 35 .

*For underpayments paid after March 31, 2004 : For lines 28, 30, 32, and 34, use the penalty interest rate for each calendar quarter, which the IRS will determine during the first month in the preceding quarter . These rates are published quarterly in an IRS News Release and in a revenue ruling in the Internal Revenue Bulletin . To obtain this information on the Internet, access the IRS website at www.lrs.gov. You can also call 1-800-829-1040 to get interest rate information.

Forth 2220 (2003)

'MENTL FOUNDATION, INC . 7,4-6045327

PENALTY COMPUTATION DETAIL - FORM 2220

35 . TOTAL UNDERPAYMENT PENALTY

R1Ta~,yMEaT -Tb 6Rm .zaao STATEMENT 1

31 22POlA P184 02/28/2005 09 :28 :34 V03-8

DATE PD UNDERPAYMENT BEG.DATE END DATE DAYS $ ------- ------------ -------- -------- ---- --

QUARTER 2, RATE PERIOD 1 (12/15/2003 - 12/31/2003)

2,328 . 12/15/2003 12/31/2003 16 6

TOTAL FOR QUARTER 2, RATE PERIOD 1

QUARTER 2, RATE PERIOD 2 (12/31/2003 - 03/31/2004)

03/15/2004 2,328 . 12/31/2003 03/15/2004 75 6

TOTAL FOR QUARTER 2, RATE PERIOD 2

PENALTY

6 .

6 .

29 .

29 .

Form 8868(12-2000) Page 2

" If you are fling for an Additional (not automatic) 3-Month Extension, complete only Part II and check this box , , , , , , , , t U Note: 06 dy complete Part N H you have already been granted an automatic 3-month extension on a previously filed Form 8868. * If you are filing for an Automatic 3-Month Extension, complete only Part I (on page 1

Additional (not automatic) 3-Month Extension of Time - Must File Original and One Copy. Employer identification number

74-6045327 " ' For IRS use only

Type or Name of Exempt Organization

print MENIL FOUNDATION INC . File by the Number, street, and room or suite no. If a P.O . box, see instructions . extended due date for 1519 BRANAEtD flung me City, town or post office, state, and ZIP code . For a foreign address, see instructions retain See Instructions HOi7STAN TY 77AA0Z

11 1

Form 5227 r-1 Form 8870

STOP: Do not complete Part II If you were not already granted an automatic 3-month extension on a previously filed Form 8868 .

Title " "- ,/:W Date

"7

Alternate Mailing Address - Enter the address if you want the copy of this application for an additional 3-month exten returned to an address different than the one entered above

Name

Type or ~ Number and street (include suite, room, or apt. no .) Or a P.O. box number print

City or town, province or state, and country (including postal or ZIP code)

" If the organization does not have an office or place of business in the United States, check this box, , , . , , , , , , . . . . . . " U " If this is for a Group Return, enter the or anization'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 " 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 05/16/2005 S For calendar year , or other tax year beginning - 1 2003 and ending 06/30/2004 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 INFORMATION NECESSARY TO FILE A COMPLETE AND

ACCURATE RETURN HAS NOT SEEN RECEIVED FROM OUTSIDE PARTIES . ADDITIONAL TIME TO FILE IS RESPECTFULLY REQUESTED .

8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits . See instructions , , , , . , , , . . . . , . . . . . , . . . . . . . , , , , , , , , , , , $ 179 , 045 .

b 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 previously with Form 8868 , , , , , , , , , , , , , , , , . , , , , . . . , . . , . . . , , , , , , , , , , E 179 , 045 .

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 EFIPS (Electronic Federal Tax Payment System). See instructions . . . . . . . . . . . . . . . . . . . . . . . $ AlD11fc

Signature and Verification Under penalties of perjury, I declare that I have examined this form, including accomparrying schedules and statements, and to the best of my knowledge and babe(, It is true, correct, and complete, and that I am authorized to prepare this form

No t& to Applicant - To Be Completed by the IRS ~ , We have approved this application . Please attach this form to the organization's retain . We have no: approved 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 retain . 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-iay grace period . We cannot consider this application because it was filed after the due date of the retain for which an extension was requested . Other

A .

°° Forth 8868 (12-2000)

22POlA P189 02/01/2005 07 :55:41 V03-8 1

If you are filing for an Automatic 3-Month Extension, complete only Part I and check this box , , , , , , , , , , , , , , , , " U If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II (on page 2 of this form)

Note : Do not complete Part p unless you have already been grated an automatic 3-month extension on a previously filed Form 8868. " . Automatic 3-Month Extension of Time- Only submit original (no copies needed)

Note : Form 990-T corporations requesting an automatic 6-month extension - check this box and complete Part I only , . . . . . ,1 All other corporations (including Form 990-C filers) must use Form 7004 to request an extension of time to file income tax returns. Partnerships, REMICs and trusts must use Form 8736 to request an extension of time to 61e Form 1065, 1066, or 1041 . Type Of Name of Exempt Organization Employer identification number print MENiL FOUNDATION , INC . 74-6045327 File by the due Number, street, and room or suite no . If a P.O box, see instructions date for filing 1519 BItANARD your return See instructions City, town or post office, state, and ZIP code . For a foreign address, see instructions .

Form , 8868 Application for Extension of Time To File an (December 2000) Exempt Organization Return OMB No . 1545-1709 Department of the Treasury Internal Revenue Service " File a separate application for each return .

Check type of return to be filed (file a se arate application for each return): Form 990 Form 990-T (corporation) Form 4720 Form 990-BL Form 990-T(sec 401(a) or 408(a) trust) Form 5227 Form 990-EZ Form 990-T (trust other than above) Form 6069 Form 99aPF u Form 1041-A Form 8870

" If the organization does not have an office or place of business in the United States, check this box . . , . , , , , , , ~ 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 " F-] . If it is for part of the group, check this box " and attach a list with the names and EINs of all members the extension will cover. 1 I request an automatic 3-month (6-month, for 990-T corporation) extension of time until 02/15 . 2005.

to file the exempt organization return for the organization named above. The extension is for the organization's return for. 00. calendar year or 00. ~ tax year beginning 07/01 . 2003 , and ending 06/30 . 2004

2 If this tax year is for less than 12 months, check reason: 0 Initial return E] Final return E] 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 nonrefundable credits. See instructions $ 179,04 5 .

b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax payments made . Include any prior year overpayment allowed as a credit ,

*~n , , ,

~ , , , , $ 179,.045 .

c Balance Due. Subtract line 3b from line 3a . Include your paymt with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System). See instructions $ ()

Signature and Verification Under penalties of perjury, I declare that I have examined the form, including accompanying schedules and statements, and to the best of my knowledge and belief it is true, correct, and complete, and that I am authorized to prepare this forth

"~ V Tl Signature " I'- ~ i Title " L.~ Date " ~l -3 For Paperwork Reduction Act Notice, see strucHon Form 8868 (12-2000

JSA 3F8054 1 000

22POlA P184 11/02/2004 14 :48 :37 V03-8 1

PER BOOKS NET INVESTMENT ADJUSTED & RECORDS INCOME NET INCOME

COL a COL b COL c

TOTAL OTHER INCOME : PART 1, LINE 11

STATEMENT 1

filename : MFSchdls . Menil Foundation, Inc. EIN:74-6045327 FYE 06130104

OTHER INCOME : PART 1, LINE 71

BOOK & FILM ROYALTIES COST SHARING REIMBURSEMENTS & MISC . BOOKSTORE SALES: RELATED TO EXEMPT PURPOSE

5,679 5,679 5,679 33,445 - 33,445 141,059 - 141,059

180,183 5,679 180,183

LEGAL FEES: PART 1, LINE 16a Expensed in 06/30/04

Fulbright & Jaworski LLP Attorneys 36,446

Singleton Cooksey Hanson LLP Attorneys 14,792

Robert Michael Moore Attorney 8,403

Christa Haiml (reimbursement)

Total legal fees: PART 1, LINE 16a

Attorney fees 116

68,803

Menil Foundation, Inc . EIN : 74-6045327 FYE 06/30/04

Debevoise & Plimpton, LLP

Quan Burdette & Perez

Carl Dyess

Attorneys 7,988

Attorneys 886

Attorneys 172

Stmt aZ.

Expensed in ACCOUNTING FEES: PART 1, LINE 16b 06130104

Deloitte & Touche LLP Certified Public Accountants 41,499

W P Schoenfield & Company Certified Public Accountants 18,200

Domaschk & Associates PC Certified Public Accountants 4,700

Orrex Organisation Revision Expertise Certified Public Accountants 2,608

TOTAL ACCOUNTING FEES: PART 1, LINE 16b

t

Stmt

f:1Part 1 axis-16b


67,007

Expensed in Description Type of Service 06/30/04

Crating Packing Service Consultants, General Advertising Fees Photography Fees Computer Consulting Fees Architects & Engineers Payroll Processing Fees Janitorial Fees Editing & Translating Fees Temporary Help Honoraria Fees Security Fees Conservation Fees Participation Fees Audio-visual Fees Miscellaneous Fees

Crating and packing services General consulting Advertising Photography Computer consulting Architecture & engineering Data processing fees Janitorial services Editorial and translating services Temporary help Honoraria Fees Security Conservation Exhibition participation costs Audio-visual Miscellaneous Fees

TOTAL OTHER PROFESSIONAL FEES: PART 1, LINE 16c

Stmt 9


OTHER PROFESSIONAL FEES: PART 1, LINE 16c

63,956 39,400 39,165 28,362 26,079 20,669 17,630 17,250 14,279 10,922 4,100 2,600 2,572 2,119 1,277 7,381

297,760

399,798 . 345,804 . 135,000 .

--------------880,602 . TOTALS

22POlA P184 02/15/2005 10 :09 :31 V03-8

. MENI,L FOUNDATION, INC.

FORM 990PF, PART I - TAXES

DESCRIPTION

PAYROLL TAXES PROPERTY TAXES EXCISE TAXES

REVENUE AND

EXPENSES PER BOOKS

74-6045327

STATEMENT S

Cost Accum Depr Book Val Depr Exp

Menil Foundation Rental Land Buildings & improvements Total

8,139,601 4,710,672 12,850,273 3,883,850 8,966,423

3 2/8/2005-2:18 PM


Plant Property 8 Equipment & Depreciation Expense

Proeerty & Equipment Museum buildings Other bldgs & improvements Furniture, fixtures & equipment Sub-total Land Total

Depreciation expense

Rental Progertv Rental Land Buildings & improvements Total

Less Richmont Square Rental Land Buildings & improvements Total Richmont Square

45,888,890 1,009,019 5,180,024

52,077,933 20,369,343 31,708,590 6,033,731 6,033,731

58,111,664 20,369,343 37,742,321

1,694,065

13,419,601 17,069,558 30,489,159 10,634,171 19,854,988

5,280,000 12,358,886 17,638,886 6,750,321 10,888,565

Source: Audit Note 6

Source : Audit Note 4

Source : Bal Sheet (88)

Expensed in FY04 OTHER EXPENSES: PART 1, LINE 18

Investment services & bank fees 1,193,289 Maintenance 379,474 Property & liability insurance 390,271 Security 188,615 Shipping & postage 263,463 Exhibition rental/loan fees 166,584 General job supplies 152,588 Library & archive purchases 149,222 Service contracts 64,938 Office supplies 75,658 Workers compensation insurance 65,914 Memberships & subscriptions 34,317 Photography expense 12,303 Misc other expenses 80,258 Bad debts 6,524 Recovered overhead costs (147,023)

TOTAL OTHER EXPENSES : PART 1, LINE 18 3,076,395

Stmt ?

f:\Part 1a.xls-Other Exp


Menil Foundation, Inc. EIN: 74-6045327 FYE: 06/30/04

Contributions and Grants to Other Organizations: Part I, Line 25

Name and address Relationship Status Purpose Expensed Paid

Writers in the Schools None 509 (A) (1) Support of educational activities $100,000 $100,000 1523 W. Main St . Houston, TX 77006

Rice University None P.O. Box 1892 Houston, TX 77251-1892

Houston Museum District Association None 1020 Holcombe Blvd, Suite #1300 Houston, TX 77030-2213

South Main Center Association None 1020 Holcombe Blvd, Suite #1300 Houston, TX 77030-2213

TOTAL

509 (A) (1) Support of Center

509 (A) (1) Support of Rice University Institute For The Arts

509 (A) (1) Support of museum district

$44,072 $33,182

$7,450 $7,450

$1,000 $1,000

E152,522 $141,632

Stmt Y Page 1 of 1

Asset Detail - Base Currency

"nreaQzed galMoss DescrtotioNAsset ID Accrued Shares/PAR value Local market price income/expense Market value Coat Market Translation Total

Fixed Income

Government bonds

United States - USD

US TREAS BDS BD DTD 1111611998 5.25 DUE 11-152028 REd CUSIP: 912810FF0 2,190,000.00 97.9727000 14,884.29 2,145,802.13 2,225,183.03 - 79,580.90 0.00 - 79,580 .90

US TREAS BDS DTD 02H5H997 8.825 DUE 02-15-2027 REG CUSP 912810EZ7 450,000.00 118.0352000 11,220.83 522,158.40 627,384.53 . 5,208.13 0.00 - 5,208.13

US TREAS BDS DTD 0811511997 8.375 DUE OS-15.2027 REG CUSIP: 812810FA7 U -0 2,573,000.00 112.8711000 81,738.09 2,904,173.40 2,899,943.90 204,Y19.50 0.00 204.229.50

Northern Trust Generated by Northern Tnrst from periodic data on 27 Jul 04

US TREAS BDS DTD 11/15/1997 6.125 DUE 17-7S202T REG CUSIP: 912810FB9 5,080,000.00 109.5820000 39,582 .80 5,544,849.20 5,159,208.23 385,640.97 000 385,640 97

US TREAS BDS USD7000 5.25DUE 02-15-2029 REG CUSIP: 912810FG8 130,000.00 98.0489000 2,568.74 127,480.97 125,754.69 1.708 .28 0.00 1,706.28

US TREAS BDS USD1000 7.25 DUE 05-15-2016REG CUSIP: 912810DW5 790,000.00 120.8945000 7,315.01 955,066.55 994,687.86 - 39,801 .31 0.00 - 39,601 .31

US TREAS BDS 5.375 DUE 02-15-2031 BEO CUSIP: 912810FP8 60,000 .00 100.8555000 1,213.80 60,513.30 59,859.38 653.92 0.00 653.92

US TREAS BDS 6.125 BDS 0&15-2029 USD1000 CUSIP: 912810FJ2 969,000.00 110.0000000 22,338 .23 1,065,900 00 964,785.38 101,114.82 0.00 101,114.62

US TREAS BOS 6.75 DUE 08-15-2026 REG CUSIP: 912810EX2 1,950.000.00 117.5352000 49,540 .17 2,291,938.40 2,020,913.03 271,023.37 0.00 271,023.37

US TREAS NTS DTD 00025 3.625 DUE OS-152013 REG CUSIP: 9128288A7 70,000.00 93.8172000 324.08 65,532.04 66,505 .22 - 973.18 0.00 - 973.78

US TREAS NTS DTD 00032 4.25 DUE OB-15-2013 REG CUSIP: 9128288H2 60,000.00 97.6172000 959.75 58,570 .32 61,163 .33 - 2,593.01 000 - 2,593.01

US TREAS NTS DTD 00039 3.375 DUE 11-12008 REG CUSIP: 9128288Q2 100,000.00 98.9062000 431.04 98,908 .20 99,562.50 - 856.30 0.00 - 65630

US TREAS NTS DTD 00040 4.25 DUE 11-15-2013 REG CUSIP: 912828BR0 470,000.00 97.3320000 2,551 .15 457,480.40 475,339.43 - 17,878.63 0.00 - 17,878 63

US TREAS NTS DTD 00049 4 DUE 02-15-2014 REG CUSIP: 912828CA6 740,000.00 95.3047000 17,140.68 705,254.78 737.45825 - 32,201 .47 0.00 - 32,201 .47

US TREAS NTS DTD 02/1812003 3 DUE 02-75-2008 REG CUSIP: 912828AT7 40,000.00 98 8211000 451.64 39,448.44 40,138.58 - 690.12 000 - 69012

US TREAS NTS DTD 05115/2003 2.625 DUE OS-15-2008 REG CUSIP: 912828AZ3 180,000.00 96.8633000 60346 174,353 94 181,488.94 - 7,135.00 0.00 - 7,13500

US TREAS NTS DTD 3.875 DUE 02-15-2013 REG CUSIP: 912828AU4 215,000.00 95 5977000 3,135.66 205,535.05 214,039.97 - 8,504.92 000 - 8.50492

US TREAS NTS DUE 12-15-2008 REG CUSIP: 912828878 190,000.00 98.7288000 280.32 187,580.54 191,965.09 - 4,384.55 0.00 - 4,384.55 1

Northern Trust Generated by Northern Trust from periodic data on 27 Jul 04

Asset Detail - Base Currency Page 2a of 151 Unrealized gain/loss

Description/Asset ID Accrued Shares/PAR value Local market price Income/expense Market value Cost Market Translation Total

Fixed Income

Government bonds

Asset Detail - Base Currency Description/Asset ID Accrued Shares/PAR value Local market price Income/expense Market value

Fixed Income

Government bonds US TREAS NTS NTS 15I01R009 US01000 3.25DUE 01-15-2009 REf3 CUSIP: 9128288V1

240,000.00 98.0781000 3,600.00 235,387.44

US TREAS NTS 3.125 DUE 10-15.2008 REG CUSIP: 912828BM1 240,000.00 97.9981000 1,577.88 235,190.64

US TREA3 NTS 3.5 DUE 11-152006 REG CUSIP: 9128277F3. 45,000.00 101.2930000 201.15 46,681 .85

VS TREAS NTS 4 DUE 11-152012 REO CUSIP 912828AP5 130,000.00 98.8184000 684.13 125,881.32

US TREAS NTS 5 DUE 0&15-2011 REG CUSIP 912827782 270,000.00 104.3945000 5,094.77 281,885.15

US TREAS 6.50 NT DUE 11-152028 RE(i CUSIP: 912810EY0 5,950,000.00 114.3242000 48,394.89 8,802,289.90

Total USD 290,610.12 25,338,478 .38

Total United States 290,610.12 25,338,478 .38

Total Government Bonds

23,112,000.00 290,610.12 25,338,47E.S6

Held at Northern Trust Co (Stmt. 10, pg 19 ) Black Diamond Ltd. - Unrestricted Maverick Fund, Ltd Tapestry Overseas Fund, Ltd. Law Trust Account The Richmond Corporation Common Stock

Total

STATEMENT 10 Pg 1 of 19

fn : MFSchdls.xls MENIL FOUNDATION, INC. EIN:74-6045327 FYE 06/30/04

Part II, Line 10 b, Corporate Stock : No . Shares Book Value Market Value

as of 06130104 as of 06/30/04

4,030,742 109,053,474 109,053,474 27,252 5,388,329 5,388,329 8,456 6,246,088 6,246,088 2,846 4,597,598 4,597,598

112,797 4,395,343 4,395,343 1,000 2,075,584 3,949,523

131,756,416 133,630,355

50

Asset Detail - Base Currency Page 6 of 151 Unrealized gainlloss

Descnption/Asset ID Accrued Shares/PAR value Local market price income/expense Market value Cost Market Translation Total

Equities

Common stock

Canada- USD

ATI TECHNOLOGIES INC COM CUSIP: 001941103 6,000.00 18 8600000 0.00 113,160.00 60,979 .44 52,180 .56 0.00 52,180 56

RESEARCH IN MOTION LTD COM COM CUSIP~ 760975102 5,200 .00 68 .4400000 0 .00 355,888 00 63.836 .76 292,051 .24 000 292,051 .24

Total USD 0.00 469,048.00 124,816 .20 344,231 80 0.00 344,231 80

Total Canada 0.00 469,048 .00 124,816 .20 344,231 .80 0.00 344,231 80

Germany - USD

QIAGEN N V COM CUSIP: N72482107 6,725 .00 12 .1100000 0.00 81,439.75 42,903.24 38,536 .51 0 .00 38,536 51

Total USD 0.00 81,439 75 42,903 .24 38,536 51 0.00 38,536 .51

Total Germany 0.00 81,439.75 42,903.24 38,536 51 0.00 38,536 51

India - USD

AOR HDFC BK LTD AOR REPSTG 3 SHS CUSIP: 40415F101 3,075.00 26 8600000 000 82,594 .50 83,965 63 - 1,371 .13 000 - 1,371 .73

Total USD 000 82,594 .50 83,965 .63 - 1,371 13 0 .00 - 1,371 13

Total India 0.00 82,594 50 83,965 63 - 1,371 .13 0.00 - 1,371 13

Ireland - USD

ADR ICON PUB LTD CO CUSIP: 451037107 4,250.00 43.9900000 0.00 186,957.50 140,734.65 46,222 .85 000 46,222 .85

Total USD 000 186,957 50 140,734 65 46,222.85 000 46,222.85

Total Ireland 000 186,957 50 140,734 65 46,222 85 000 46,222 85

Israel - USD

ADR TEVA PHARMACEUTICAL INDS LTD ADR ISIN #US8816242098 CUSIP 881624209 2,750.00 67.2900000 000 185,047 50 156,844 35 28,203 15 000 28,203 15

S TARO PHARMACEUTICAL IND ORD ILS1 CU31P: M8737E108 3,150.00 43.5000000 0.00 137,025.00 132,294.15 4,730.85 0.00 4,73085

`\

~ Northern Trust Generated by Northern Trust from periodic data on 27 Jul 04

Asset Detail - Base Currency Page 7 of 151 Unrealized gain/loss

Descrir)tioNAsset ID Accrued Shares/PAR value Local market price income/expense Market value Cost Market Translation Total

Equities

Common stock VERISITY LTD COM CUSIP: M97385112

10,275.00 60000000 0.00 61,650.00 172,659.75 - 117,009.75 000 - 111,009 75

Total USD 0.00 383,722 .50

Total Israel 0.00 383,722 .50

Mexico - USD

ADR AMER MOVIL S A DE C V SPONSORED ADR REPSTG SER L SHS CUSIP: 02364W105 1,950.00 36.3700000 103.11 70,92150

ADR DESARROLLADORA HOMEX S A DE C V SPONSORED ADR CUSIP: 25030W100 1,500.00 17 .3100000 0.00 25,965 00

Total USD 10311 96,886 .50

Total Mexico 10311 96,886 5C

25,332.05 632.95 0.00 632.95

96,723 .05 163.45 000 16345

96,723 .05 16345 0.00 16345

Netherlands - USD

ROYAL DUTCH PETRO N.Y REGISTRY SH PAR N 1.25 C,LDR CUSIP: 780257804 7,350.00 51 .6700000 0.00

Total USD 0.00

Total Netherlands 0.00

Puerto Rico - use DORAL FINI CORP COM CUSIP~ 25811P100

379,774 50 252,836.43 128,938.07 000 126,938 07

379,774.50 252,836.43 126,938 07 0.00 126,938 07

379,774.50 252,836.43 126,938.07 000 126,938.07

2,612.00 ~ 34 .5000000 000 ~ 90,114.00 46,983 .28 43,130 .72 0 .00 43,130 .72

Total USD 0.00 90,114 .00 46,983 .28 43,130.72 0.00 43,130 .72

Total Puerto Rico 0.00 90,114 .00 46,983 .28 43,130 .72 0.00 43,130 .72

Switzerland - USD

ADR NESTLE S A SPONSORED ADR REPSTG REG SH CUSIP: 841069406 11,650.00 66.8720000 0.00 778,728.80 495,307.28 281,421 .54 0.00 281,42154

ALCON INC CUSIP: H01301102 2,230.00 78.6500000 0.00 175,389.50 147,231.89 28,157 .81 0.00 28,157 .81

Total USD 0.00 852,118.30 842,538.95 309,579.35 0.00 309,579.35


461,798.25 - 78,075 75 0.00 - 78,075 75

461,798 25 - 78,075 75 0 00 - 78,075 75

71,391 .00 - 46950 000 - 46950

Asset Detail - Base Currency Page 8 of 151 Unrealized gain/loss

DescriationlAsset ID Accrued Shares/PAR value Local market price income%xpense Market value Cost Market Translation Total

Equities

Common stock Total Switzerland 0.00 952,118.30 642,538.95 309,579.35 0.00 309,579 .35

United Kingdom - USD

AOR BP P L C SPONSORED ADR CUSIP. 055622104 21,392 00 53.5700000 000 1,145,969.44 839,005 29 306,964.15 0.00 306,964.15

Total USD 0.00 1,145,969 44 839,005.29 306,964.15 000 306,964 15

Total United Kingdom 0.00 1,145,969.44 839,005.29 306,964 15 0.00 306,964.15

United States - USD i

ABBOTT LAB COM CUSIP 002824100 21,100 .00 40.7600000 0.00 860,036.00 541,090.37 378,945 69 0.00 318,945 69

ACCREDO HITH INC COM CUSIP: 0043N104 4,750.00 38.9500000 0.00 185,012.50 142,313.95 42,698 55 0.00 42,698 .55

ADVANCED AUTO PTS INC COM CUSIP: 00751Y106 3,500.00 44.1800000 0.00 154,630 00 147,138 25 7,49175 0.00 7,491 .75

ADVANCED MICRO DEVICES INC COM CUSIP: 007903107 18,800.00 15.9000000 0.00 300,510.00 295,894.52 4,61 5A8 0.00 4,615.48

ALBERTSON S INC COM CUSIP. 013104104 15,000.00 26.5400000 0.00 398,100 00 444,187.50 - 46,087 .50 0.00 - 46,087 50

ALCOA INC COM STK CUSIP: 013817107 18,000 .00 33.0300000 0.00 594,540 00 525,760.00 68,780 .00 0.00 68,780 00

ALLSTATE CORP COM CUSIP: 020002101 11,500 .00 46.5500000 3,220.00 535,325.00 437,486.04 97,838 96 000 97.838 .96

ALTRIA GROUP INC COM CUSIP: 02209S103 37,550 .00 50.500000 22,202.00 1,579,077 50 1,225,255 00 353,822.50 0.00 353,822.50

AMAZON COM INC COM CUSIP: 023135106 8,25000 54 .4000000 0 .00 448,800 00 199,205 28 249,594 72 000 249,594 72

AMER EXPRESS CO COM CUSIP . 025816109 24,450.00 51 3800000 2,445.00 1,256,241 00 873,981.51 382,259 49 000 382,259 49

AMER GREETINGS CORP CL A COM CUSIP: 026375105 20,000 .00 23.1800000 0.00 463,600 00 549,546 00 - 85,946.00 0.00 - 85,946.00

Northern Trust Generated by Northern Trust from periodic data on 27 Jul 04 -

Asset Detail - Base Currency Description/Asset ID Accrued Shares/PAR value Local market price incomelexpense Market value

Unrealized gain/loss

Cost Market Translation Total

Equities

Common stock AMERADA HESS CORP COM CUSIP. 023551104

2,000.00 79 1900000 0.00 158,380.00 144.03520 14,344 .80 000 14,344 80

AMERICREDIT CORP COM CUSIP~ 030608101 8,200 00 19 5300000 0.00 160,146.00 147.573 14 12,572 .86 000 12,572 86

AMERIGROUP CORP COM CUSIP~ 030737102 4,750.00 49.2000000 0.00 233,700.00 150,456.40 83,243 60 000 83,243 60

AMERfTRADE HLDG CORP NEW COM CUSIP~ 03074K100 7,700.00 11 .3500000 0.00 87,395.00 63 .458 .78 23,936 22 000 23,936 22

AMERN HEALTHWAYS INC CUSIP: 02649V904 8,450.00 26.6200000 0.00 224,939.00 117,286.12 107,652 88 0.00 107,652.88

AMERN lNTL GROUP INC COM CUSIP~ 026874707 8,819.00 71 .2800000 000 628,618.32 522.128.94 106,489 38 0.00 106,489 38

AMERN MED SYS HLDGS INC COM STK CUSIP: 02744M108 1,95000 33.7000000 0.00 65,715 .00 31,417 .10 34,297.90 0.00 34,297 90

AMERN STD COS INC DEL COM CUSIP: 029712106 7,650.00 40.3100000 0.00 308,371 .50 274,545.48 33,828 .02 0.00 33,826 02

AMIS HLDGS INC COM CUSIP: 031538101 5,000.00 16 9200000 0.00 84,800.00 81,304 .07 3,295.93 0.00 3.295.93

AMN HEALTHCARE SVCS INC COM CUSIP: 001744101 2,525.00 15.2800000 0.00 38,607 .25 44 .239.00 - 5,631 .75 0.00 - 5,63175

AMSURG CORP COM CUSIP: 03232P405 14,662.00 25.1300000 0.00 ~ 388,458.08 268,833.42 99,622.64 0.00 99,622 64

ANHEUSER BUSCH COS INC COM CUSIP: 035229103 10,150.00 54.0000000 0.00 548,100.00 513,220.86 34,879 .34 0.00 34,879.34

ANTHEM INC COM CUSIP: 036748104 3,150.00 89.5600000 0.00 282,114.00 283,571.45 - 1,457.45 000 - 1,457.45

APPLE COMPUTER INC COM CUSIP: 037833100 5,800.00 32.5400000 0.00 188,732.00 133.328.86 55,403.34 0.00 55,403 .34

ASK JEEVES INC OGCOM CUSIP: 045174109 3,800.00 39.0300000 0.00 140,508.00 142,698.32 - 1,588.32 0.00 - 1,588.32


Page 9 of 151

Asset Detail - Base Currency Description/Asset ID Accrued Shares/PAR value Local market price income/expense Market value

Unrealized gainlloss


Equities

Common stock AT&T WIRELESS SVCS INC COM CUSIP: 00209A106

19,000 .00 74.3200000 000 272,080 00 298,591 .37 - 26,511 .37 0.00 - 26,511 .37

AUTODESK INC COM CUSIP~ 052769106 2,500.00 42.8100000 75.00 107,025.00 72,429 35 34,595 65 0.00 34,595.65

AVAYA INC COM CUS1P. 053499109 70,000 .00 15.7900000 0.00 157,900.00 739,076.00 18,824 .00 000 18,824.00

BARD C R INC CAP CUSIP. 067383109 3,700.00 56.6500000 0.00 209.605.00 203,426.04 6,178.96 000 6,178.96

BAXTER INT1 INC COM CUSIP: 071813109 10,000 00 34.5100000 0.00 345,100.00 269,068.35 76,031 .65 0.00 76,031 .65

BERKSHIRE HATHAWAY INC CL B COM CUSIP: 084670207 6.00 2,955.0000000 0.00 17 .730.00 12,510.00 5,220.00 0.00 5,220.00

BIG 5 SPORTING GOODS CORP COM CUSIP: 08915P101 4,57600 26.1900000 0.00 119,819.25 62,873.12 56,94613 0.00 56,946 13

BK AMER CORP COM CUSIP~ 060505104 15,500 .00 84.6200000 0.00 1,311,610.00 969,500.55 342,109.45 000 342,109 45

BLUE NILE INC COM CUSIP: 095788103 200.00 37.6100000 0.00 7,52200 4,100.00 3,422.00 Goo 3,422.00

BROADCOM CORP CL A CUSIP: 111320107 6,900.00 46.7700000 000 322,713.00 284,235.87 38,477.13 0.00 38,477 13

BROWN 8 BROWN INC COM CUSIP: 115236101 4,025.00 43.1000000 0.00 173.477 .50 128,933 63 44,543 .87 000 44,543 87

CABOT MICROELECTRONICS CORP COM CUSIP: 1270913103 6.950 .00 30 8100000 0.00 212,739 50 342,675.14 - 129,935.64 000 - 129,935 64

CACI INTL INC CL A CUSIP: 127190304 1,675.00 40 4400000 0.04 67,737 .00 78,734 .90 - 10,997 90 0.00 - 10,997 .90

CAP AUTOMOTIVE REIT COM SHS SHS CUSIP. 139733109 5,77500 29 3300000 0.00 169,380.75 146,854.53 22,526 22 000 22,526 .22

CARTER INC FORMERLY CARTER HLDGS INC TO COM COM CUSIP: 146229109 1,92500 29.1100000 000 56,036 75 50,237 91 5,79884 000 5,79884

Northern Trust

Page 10 of 15'

Generated by Northern Trust from periodic data on 27 Jul 04

Asset Detail - Base Currency Description/Asset ID Accrued Shares/PAR value Local mantel price income/expense Market value


cost Market Translation Total


Page 11 of 15'

Equities

Common stock CATERPILLAR INC COM CUSIP: 149123101

10,000.00 79 4400000 000 794,400 00 434,510.40 359,889.60 000 359,889 60

CELGENE CORP COM CUSIP: 151020104 3,55000 57.2600000 0.00 203,273.00 159,396.33 43,876 67 000 43,876 67

CENTEX CORP COM CUSIP. 152312104 5,200.00 45 7500000 20800 237,900 00 265,817.12 - 27,917.12 000 - 27,917 12

CF JANUS INTECH RISK-MANAGED LARGE CAP GROWTH CUSIP: 471994947 1,310,442.44 12.5675180 0.00 16,469,008 94 14,963,219.47 1,505,789 47 000 1,505,789 47

CHARLES RIV ASSOCS INC COM CUSIP: 159852102 4,350.00 30 9500000 0.00 134,632.50 70,235.87 64,396 63 000 64,396 63

CHARLES RIV LAB INTL INC COM CUSIP: 159864107 2,375.00 48.8700000 0.00 118,08825 69,989 80 46,076 65 0.00 46,076 .65

CHEVRONTEXACO CORP COM CUSIP: 166764100 13,850.00 94 1100000 000 1,303,423.50 989,819.45 313,604.05 000 313,604 05

CHICOS FAS INC COM CUSIP: 168615702 4,00000 45.1800000 0.00 180,640.00 79,530.70 101,709 30 000 101,109.30

CHUBB CORP COM CUSIP: 171232101 8,600.00 68.1800000 3,354.00 586,348.00 480,411 .50 105,936.50 000 105,936.50

CISCO SYS INC COM CUSIP: 172758102 11,800 .00 23.7000000 0.00 279,880.00 163,245.42 116,414.58 000 116,414 58

CIT GROUP INC NEW COM CUSIP: 125581108 3,700.00 38.2900000 0.00 ~ 141,673.00 143,594.04 - 1,921 .04 0.00 - 1,92104

CITIGROUP INC COM CUSIP: 172987101 26,900.00 46.5000000 0.00 1,250,850.00 521,158.81 729,893.19 0.00 729,693.19

COACH INC COM CUSIP: 189754104 7,500.00 45.1900000 0.00 338,925.00 137,498.80 201,428.40 0.00 201,428.40

COCA COLA CO COM CUSIP: 191218700 22,571 .00 50.4800000 5,842.75 1,139,384.08 1,011,902.70 127,481.38 0.00 727,481.38

COGNIZANT TECH SOLUTIONS CORP CL A CUSIP: 192448102 4,832.00 25.4100000 0.00 125,322.12 49,184.49 78,137.63 0.00 76,137 .63

Asset Detail - Base Currency QescriotioNAsset ID Accrued Shares/PAR value Local market price income/expense Mantel value



Equities

Common stock COLLATE-PALMOLIVE CO COM CUSIP: 184162103

11,600.00 58.4500000 000 678,020.00 580,222.73 97,797.27 0.00 97,797 .27

COM HILB ROGAL & HOBBS CO CUSIP: 437294107 1,47500 35 6800000 0.00 52,628.00 47,437.45 5,190 55 000 5,190.55

COMCAST CORP NEW CL A CUSIP: 20030N101 6,145.00 28.0300000 0.00 172.244 .35 269.49987 - 97,255 .52 000 - 97,255 52

COMM BANCORP INC N J COM CUSIP: 200519106 2,300.00 550700000 0.00 126,52300 147,672.89 - 21,149 .89 000 - 21,149 .89

CONOCOPHILLIPS COM CUSIP: 208250104 11,000.00 76.2900000 000 839,190.00 661,917.03 177,272.97 0.00 577,272.97

COPART INC COM CUSIP: 217204108 9,650.00 26.700000 0.00 257,655.00 129,240.70 128,414 30 0.00 128,414.30

CORGENTECH INC COM CUSIP: 21872P705 1,50000 16.1200000 0.00 24,180.00 28,625 .68 - 4,445.68 0.00 - 4,445.68

CORINTHIAN COLLEGES INC COM S7K CUSIP: 218868107 2,200 00 24.7400000 0.00 54,428 .00 51,058 .85 3,369.15 000 3,369.15

COSTAR GROUP INC COM CUSIP: 22160N109 2,225.00 45.9300000 0.00 102,194.25 66 .048 .17 38,146.08 0.00 36,146.08

CREE INC FORMERLY CREE RESH INC EFF 01103/2000 COM COM CUSIP: 225447701 2.425.00 23.2800000 0.00 58,454 .00 41,524.99 14,929 .01 0.00 14,929 01

CTI MOLECULAR IMAGING INC COM CUSIP: 22943D105 7,000.00 14 .7800000 000 99,280.00 117.850 .77 - 18,590 77 0.00 - 18,590 .77

CYBERONICS INC COM CUS1P: 23251P102 2,17500 33.3600000 0.00 72,558.00 63,663 .44 8,894.56 000 8,89456

DELPHI CORP COM CUSIP: 247126105 40,000 .00 10.6800000 000 427,200 00 300,400 00 126,800 00 0.00 126,800 00

DIGITAL THEATER SYS INC OC-COM COM STK CUSIP~ 253896102 3,200.00 26 1500000 0.00 83,680 .00 75,094.21 8.58579 000 8,58579

DIRECT GEN CORP COM STK CUSIP: 25456W204 1,725.00 32.2600000 0.00 55,648.50 61,260 01 - 5,61151 000 - 6,61151

Northern Trust

Page 12 of 151


~ Asset Detail - Base Currency Description/Asset ID Accrued Shares/PAR value Local market price income/expense Mantel value




Page 13 of 15'

Equities

Common stock DOLLAR TREE STORES INC COM CUSIP: 256747106

6,323.00 27.4300000 000 173,439.89 143,541.38 29,898 .51 000 29,898 51

DOW JONES 8 CO INC COM CUSIP: 260561105 12,500.00 45.1000000 000 563,750.00 591,663.05 - 27,913 05 000 - 27,91305

DU PONT E I DE NEMOURS 8 CO COM STK CUSIP: 263534109 6,900.00 44.4200000 0.00 306,498.00 425,201 .50 - 118,703.50 0.00 - '118,70360

EATON CORP COM CUSIP: 278058102 2,550.00 64.7400000 0.00 165,087.00 138,255.14 26,831 .86 000 26,831 86

EBAY INC COM CUSIP: 278642703 1,700.00 91 .9500000 0.00 156,315.00 138,188.55 18,148.45 000 18,146 45

ELECTR ARTS COM CUSIP: 285512109 6,400.00 54 5500000 000 349,120.00 208,240.00 140,880 00 000 140,880 00

ELI LILLY & CO COM CUSIP: 532457108 4,300.00 69.9100000 0.00 300,613.00 284,688.02 15,924 .98 000 15,924 98

EMERSON ELEC CO COM CUSIP: 291011104 6,400.00 63.5500000 0.00 406,720.00 330,712.97 76,007 .03 0.00 76,007 .03

ENERGIZER HLDGS INC COM CUSIP. 292668108 3,450.00 45.0000000 0.00 155,250.00 122,787.18 32,482.84 000 32,462 84

EXELON CORP COM CUSIP: 30161N101 14,400 .00 33.2900000 0.00 479,376.00 354,960.00 124,416.00 0.00 124,416.00

EXPEDITORS IML WASH INC COM CUSIP: 302130109 2,100.00 49 4100000 0.00 103,761.00 83,040.32 40,720 .66 0.00 40,720 68

E)OCON MOBIL CORP COM CUSIP: 302316102 38,812.00 44.4100000 0.00 1,723,840.92 1,051,221.05 672,419.87 0.00 672,419.87

FACTSET RESH SYS INC COM CUSIP: 303075105 2,975.00 47.2700000 0.00 140,628.25 90,452.02 50,176 .23 0.00 50,178 .23

FHLMC COM CUSP : 313400301 6,850.00 83.3000000 0.00 433,605.00 452,048.48 - 18,441 .48 0.00 - 18,441 .46

FUR SYS INC COM CUSIP: 302445101 5,050.00 54.8000000 0.00 277,245.00 203,543.00 73,702.00 0.00 73,702 .00

Asset Detail - Base Currency Page ,a of 151

Unrealized gain/loss DescriotbNAsset ID Accrued Shapes/PAR value Local market price inoomelexpense Market value Cost Market Translation Total

Equities

Common stock

FNMA COM S7K CUSIP: 373586109 12,300 .00 71 .3600000 0.00 877,728.00 624,314.65 253.413.35 0.00 253,413 35

FOOT LOCKER INC COM CUSIP: 344849104 8,70000 24 3400000 0.00 211,758.00 219,819.90 - 8,061.90 0.00 - 8,06190

FORTUNE BRANDS INC COM STK CUSIP: 349631101 3,700.00 75.4300000 0.00 279,091.00 261,161 .62 17,929 38 000 17,929.38

FREDS INC CL A CUSIP: 356108100 3,375.00 22.0900000 0.00 74,553.75 81,174 .47 - 6,620.72 000 - 6,620.72

FREEPORT MCMORAN C 8 G CL B COM STK CUSIP: 35671D857 3,500.00 33.1500000 0.00 116,025.00 136,848.78 - 20,823 .78 0.00 - 20,823.78

GA PAC CORP CUSIP: 373298108 5,100.00 36.9800000 0.00 188,598.00 125,984.63 62,613.37 000 62,613.37

GEN ELEC CO COM CUSIP: 369604103 41,624.00 32.4000000 8,564.80 1,348,617.60 736,786.19 611,831 .41 0.00 617.831 .41

GEN GROWTH PPNS INC COM CUSIP: 370021107 4,500.00 29.5700000 0.00 133,065 00 148,539.15 - 15,474.15 000 - 15,474 .15

GEN-PROBE INC NEW COM CUSIP: 368667103 4,300.00 47 3200000 0.00 203,476.00 134,623.11 68,852 .89 0.00 68,852 .89

GENENTECH INC COM STK CUS1P: 368710406 6,200 00 56.2000000 0.00 348,440.00 262,413.14 86,026.86 0.00 86 .026.86

GENWORTH FINL INC COM CL A CUSIP 37247D106 25,000 .00 22.9500000 0.00 573,750.00 488,750.00 85,000 .00 0.00 85,000 00

GUITAR CTR INC COM CUSIP: 402040109 1,050.00 444700000 000 46,693.50 45,532.27 1,16123 000 1 .16123

HARMAN INTL INDS INC NEW COM STK USDO 01 CUSIP. 413086109 1,80000 91.0000000 0.00 163,800.00 54,469 .89 109,330.11 0.00 109,330 11

HBR FLA BANCSHARES INC COM CUSIP: 411901101 2,30000 27.5100000 000 63,273 00 54,904 .12 8,36888 000 8,36888

HIBBETT SPORTING GOODS INC COM CUSIP: 428565105 4,48000 27 3500000 0.00 122,528.00 48,102.19 74,425 .81 0.00 74,425 81


Asset Detail - Base Currency Description/Asset ID Accrued Shares/PAR value Local market price income/expense Mantel value



Equities

Common stock HOSPIRA INC COM CUSIP: 441060100

1,290.00 27.6000000 0.00 35,604 .00 18,497 .16 17,112.84 000 17,112 84

HUNT J B TRANS SVCS INC COM CUSIP: 445658107 4,80000 38 5800000 0.00 185,184.00 129,856.32 55,327.68 000 55,327 68

ICU MED INC COM CUSIP 449306707 4,750.00 33.5300000 0.00 159,267.50 182,694.54 - 23,427 04 000 - 23,427 04

IDEXX LABS INC CUSIP: 45168D704 1,575.00 62 9400000 000 99,130 50 55,150.83 43,979 .67 000 43,979 67

ILEX ONCOLOGY INC COM CUSIP: 451923106 3,600.00 24.9900000 0.00 89,964.00 30,472 .91 59,491 .09 000 59,491 .09

INTEGRATED CIRCUIT SYS INC COM NEW COM STK CUSIP: 45811K208 7,875.00 27.1600004 0.00 213,885.00 188,553.31 27,331 .69 0.00 27,33169

INTEL CORP COM CUSIP: 458140100 70,300.00 27.6000000 0.00 1,940,280 00 1,433,274.48 507,005.52 000 507,005 52

INTL BUSINESS MACHS CORP COM CUSIP: 459200101 6,575.00 88.1500000 0.00 579,586.25 688,560.78 - 88,974 .53 0.00 - 88,974.53

INTL GAME TECH COM CUSIP: 459902102 7,500.00 38.6000000 750.00 289,500.00 190,432.50 99,067.50 0.00 99,067.50

INVERESK RESH GROUP INC COM CUSIP: 481238107 5,725.00 30 8400000 0.00 178,559.00 84,754 .52 91,804 48 0.00 81,804 .48

(PASS INC COM CUSIP: 46281V108 10,150 .00 10.5900000 0.00 ~, 107,488.50 122,288.18 - 14,799.68 0.00 - 14,799.66

IVAX CORP COM CUSIP: 485823102 6,300.00 23.9900000 0.00 151,737.00 123,547.41 27,589 .59 0.00 27,589 59

J P MORGAN CHASE & CO COM CUSIP: 48625H100 22,887.00 38.7700000 0.00 887,328.99 867,350.12 219,978.87 0.00 219,978.87

JOHNSON 8 JOHNSON COM CUSIP: 478180104 25,550 .00 55.7000000 0.00 1,423,135.00 745,228.43 677,908.57 0.00 677,908 57

JOS A BK CLOTHIERS INC COM CUSIP: 480838101 825.00 31.3900000 0.00 25,898 .75 28,893.28 - 998.53 0.00 - 998.53


Page 15 of 15'

Asset Detail - Base Currency Page ,s of 151

Unrealized gain/loss Descripdon/Asset ID Accrued Shares/PAR value Local market price incomelexpense Market value Cost Market Translation Total

Equities

Common stock

JUNIPER NETWORKS INC COM CUSIP: 482038104 9,900.00 24.5700000 0.00 243,243.00 103.343 .13 739,899.87 000 139,899 87

KIMBERLY-CLARK CORP COM CUSIP: 494368103 8,000.00 65.8800000 3,200.00 527,040 00 379,075.00 747,965.00 000 147,965.00

KINETIC CONCEPTS INC COM NEW CUSIP: 49460W208 1,150.00 49.9000000 0.00 57,385 00 41,987 .50 15,397 .50 0.00 15,397.50

KNIGHT TRANSN INC COM CUSIP. 499064703 11,850 .00 28.7300000 0.00 340,450.50 258,638.15 87,812 35 0.00 81,812 .35

KNOLOGY INC COM CUSIP: 499183804 2,325.00 4.9700000 0.00 71,555 25 20,925 .00 - 9,369.75 0.00 - 9,369.75

KRAFT FOODS INC CL A CUSIP: 50075N104 4,650.00 31 .6800000 891.00 747,312.00 176,920.63 - 29,608 .63 000 - 29,608 63

LAB CORP AMER HLDGS COM NEW CUSIP: 505408409 6,700.00 39.7000000 0.00 265,990.00 236,717.78 29,272.22 0 00 29,272.22

LAUDER ESTEE COS INC CL A CUSIP: 518439104 4,800.00 48.7800000 0.00 234,144.00 164,316.84 69,827 .16 0.00 69,82716

LECG CORP COM CUSIP: 523234102 3,400.00 17.3100000 0.00 58,854 .00 67,385 .34 - 8,531.34 0.00 - 8,53134

LIGAND PHARMACEUTICALS INC CL B CUSIP: 53220K207 1,800.00 17.3800000 0.00 27 .808 .00 28,61821 1,189.79 0.00 1,189.79

MACROVISION CORP COM CUSIP: 555904101 2,800.00 25.0300000 0.00 70,084 .00 34,029.22 36,054.78 0.00 36,05478

MANHATTAN ASSOCS INC COM CUSIP: 562750709 3,50000 30 8800000 000 108,080 00 88,217.46 19,862 .54 0.00 19,862 54

MARSH & MCLENNAN CO'S INC COM CUSIP: 571748102 15,150 .00 45.3800000 000 687,507 04 475,625 65 217,881.35 000 211,881.35

MARVEL ENTERPRISES INC COM STK CUSIP: 57383M108 6,90000 19.5200000 0.00 134,688 00 106,934 .18 27,753.82 000 27,753 82

MC DONALDS CORP COM CUSIP: 580135101 21,000.00 26.0000000 0.00 546,000 00 614,946.41 - 68,946.41 000 - 68,946 41

Northern Trust Generated by Northern Tiust from periodic data on 27 Jul 04

Asset Detail - Base Currency DescriptioNAssel ID Accrued Shares/PAR value Local mantel price income/expense Market value

Unrealized gainfloss



Page 17 of 151

Equities

Common stock MCGRAW HILL COMPANIES INC COM CUSIP: 580845109

8,00000 76.5700000 0.00 612,560.00 400,425.33 212,134.67 0.00 212,134 67

MEDCO HLTH SOLUTIONS INC COM CUSIP: 58405U102 91500 37.5000000 0.00 34,312 .50 11,178 .06 23,194 44 0.00 23,194 44

MEDIACOM COMMUNICATIONS CORP CL A ISIN US58446K1051 CUSIP: 58446K105 5,875.00 7.8200000 0.00 45,942 .50 40,062 19 5,88031 0.00 5,88031

MEDICINES COMPANY COM CUSIP: 584688105 950.00 30.5100000 0.00 28,984 .50 26,404.45 2,58005 000 2,580.05

MEDICIS PHARMACEUTICAL CORP CL A NEW CUSIP: 584690309 3,100.00 39.9500000 77.50 123,845.00 77,989 .14 45,855 86 000 45,855 .86

MERCK & CO INC COM CUSIP. 589337107 15,550 .00 47.5000000 5,975.50 738,625.00 808,378.08 - 69 .753 08 000 - 69,753 08

MERITAGE CORP COM CUSIP: 59001A102 2,200.00 68.8000000 000 151,380 00 78.592.71 74,767.29 0.00 74,767 .29

MERRILL LYNCH 8 CO INC COM CUSIP: 590188108 7,500.00 53.9800000 000 404,850.00 258,231 .12 148,618 88 0.00 146,618 88

MFO JULIUS BAER INVT FDS IML EQTY FD CLI FD#4 CUSIP: 481370500 103,086.50 27.7400000 0.00 2,859,819.51 2,067,508.83 792,110.68 0.00 792,710.68

MFO LORD ABBETT MID-CAP VALUE FD INC CL CUSIP: 543919500 630,432.18 20.5800000 0.00 12,974,294 .28 9,283,988.01 3,690,306.25 0.00 3,690,306.25

MICREL INC COM CUSIP: 594793101 18,700.00 12.1500000 0.00 ~ 227,205.00 191,442.01 35,762 .99 0.00 35,762 .99

MICROSOFT CORP COM CUSIP: 594918104 30,200.00 28.5600000 0.00 882,512.00 883,824.38 - 21,312 .38 0.00 - 21,312 36

MOTOROLA INC COM CUSIP: 620078109 17,000 .00 18.2500000 880.00 310,250.00 285,848.49 24,801 .51 0.00 24,601 .51

MYRIAD GENETICS INC COM CUSIP: 62855J104 5,625.00 14.9200000 0.00 83,925.00 85,201 .23 - 1,276.23 0.00 - 1,27623

N V R INC COM CUSIP: 829447105 405.00 484.2000000 0.00 198,101 .00 129,580.88 88,520.14 0.00 68,520 .14

Asset Detail - Base Currency pescriotioNAsset ID Accrued Shares/PAR value Local market price income/expense Market value



Equities

Common stock NASSDA CORP COM CUSIP: 63172M101

7.425 .00 4.1400000 0.00 30,739 .50 74,563 .38 - 43,823.86 0.00 - 43.823.86

NEOPIiARM INC COM CUSIP: 640919106 1,675.00 10.3300000 000 17,302 .75 31,613 .44 - 14,310 .69 000 - 14,310 69

NEUROCHEM INC COM NEUROCHEM INC COM STK CUSIP: 64125K101 1,725.00 20 8600000 0.00 35,983 .50 42,624 28 - 6,840.76 0.00 - 6,640.76

NEXTEL COMMUNICATIONS INC CL A COM STK CUSIP: 65332V103 12,000.00 26 6600000 0.00 319,920.00 145,560.00 174,360 00 0.00 174,360.00

NEXTEL PARTNERS INC CL A CUSIP: 65333F107 58,485 00 15 9200000 0.00 294,281.20 135,252.19 158,029.01 000 158,029.01

NISOURCE INC COM CUSIP~ 65473P105 15 .000 .00 20.6200000 0.00 309,300.00 294,493.50 14,806.50 000 14,806 .50

NORDSTROM INC COM CUS1P: 655664100 22,900,00 42.8100000 0.00 975,769.00 575,214.94 400,554.06 0.00 400,554.06

NOVELL INC COM CUSIP: 870006105 18,500 .00 8.3900000 0.00 155,215.00 137,112.99 18,102.01 0.00 18,102 .01

O REILLY AUTOMOTIVE INC COM CUSIP: 686091109 14,066 .00 45.2000000 0.00 635,783.20 381,271.44 254,511 .76 000 254,511 76

ODYSSEY HEALTHCARE INC COM CUSIP: 67611V101 8,450.00 18 8200000 0.00 159,029.00 141,394.71 17,634 .29 0.00 17,634.29

OSHKOSH TRUCK CORP COM CUSIP: 688239201 2,400.00 57.3100000 0.00 137,544 00 140,228.41 - 2,682.41 0.00 - 2,682.41

02 MICRO lNTL 02 MICRO INTL LTD COM STK CUSIP: G6797E106 11,950 .00 17.0300000 0.00 203,508.50 132,683.45 70,825.05 0.00 70.825.05

PEDIATRIX MED GROUP COM CUSIP: 705324101 1,325.00 69 8500000 0.00 92,551 25 50,082 61 42,468 64 000 42,468 64

PEETS COFFEE & TEA INC COM CUSIP: 705560100 1,225.00 24 9900000 000 30,612.75 25,526.61 5,086.14 000 5.08614

PEPSICO INC COM CUSIP: 713448108 19,350 .00 53 8800000 0.00 1,042.578 .00 479,076.87 563.501 13 000 563,501 .13


Page 18 of 151

Asset Detail - Base Currency Descriolion/Asset ID Accrued Shares/PAR value Local market price income/expense Market value



Equities

Common stock

PERKINELMER INC COM CUSIP~ 714046109 3,650.00 20 0400000 000 73,146 00 30,793.88 42,352 .72 0.00 42,352 72

PFIZER INC COM STK $.11 119 PAR CUSIP: 717081103 41,050 .00 34.2800000 0.00 1,407,194.00 1,203,097 12 204,096 88 000 204,096 88

PHARMACEUTICAL PROD DEV INC COM CUSIP: 717124101 3,625.00 31 .7700000 000 115,166.25 96,634 .72 18,531 .53 000 18,531 53

PLX TECH INC COM CUSIP: 693477107 3,975.00 17.2600000 0.00 68,608 50 51,143 63 17,464 .87 000 17,464 87

PROCTER 8 GAMBLE CO COM CUSIP: 742718109 19,500.00 54 4400000 0.00 1,061,580.00 512,550.54 549,029.46 000 549,029.46

PROSPERITY BANCSHARES INC COM CUSIP: 743606105 2,650.00 24.3500000 198.75 64,527.50 49,396.75 15,130 .75 0.00 15,130.75

PWR INTEGRATIONS INC COM CUSIP: 739278103 4,725.00 24.9000000 0.00 117,652.50 122,828.27 - 4,975.77 0.00 - 4.975,77

QUALCOMM INC COM CUSIP: 747525103 6,500.00 72.9800000 0.00 474,370.00 254,036.86 220,333.34 0.00 220,333.34

QUEST DIAGNOSTICS INC COM CUSIP: 74834L100 1,700.00 84.9500000 0.00 144,475.00 139,492.53 4,922.47 0.00 4,92247

RED HAT INC COM CUSIP: 758577102 5,500.00 22.9700000 0.00 128,335.00 139,048.80 - 12,71380 0.00 - 72,713 80

REDWOOD TR INC COM CUSIP: 758075402 1,725.00 55 6800000 1,155.75 ( 98,048.00 87,475 07 14,572 .83 0.00 14,572 .93

RES CONNECTION INC COM CUSIP: 761220105 4,650.00 39.1100000 0.00 181,881 .50 88,808 .80 95,054.70 000 95.054 70

RUDOPLH TECHNOLOGIES INC COM CUSIP: 781270103 3,050.00 18.1900000 0.00 55,479.50 52,233.35 3,248.15 0.00 3,246.15

S.W. AIRL CO COM CUSIP: 844741108 31,000.00 16.7700000 0.00 519,870.00 287,811 .87 252,058.33 000 252,058.33

SANDISK CORP COM CUSIP: 800040101 9,200.00 21.8900000 0.00 199,548.00 289,569 40 - 90,021 .40 0.00 - 90,021 .40

Northern Trust

Page 19 of 151


of 151 Unrealized gainlloss

Market value Cost Market Translation Total

Northern Trust

Asset Detail - Base Currency Description/Asset ID Accrued Shares/PAR value Local market price income/expense

Equities

Common stock SBC COMMUNICATIONS INC COM CUSIP: 783876103

14,000 .00 24.2500000 0.00

SCHLUMBERGER LTD COM STK CUSIP: 806857108 83,458 .00 63.5100000 15,648.37

SEMTECH CORP CUSIP: 816850101 5,075.00 23.5400000 0.00

SEPRACOR INC COM CUSIP: 817315704 2,90000 52.9000000 0.00

SIRE TECH HLDGS INC COM CUSIP: 82987H101 2,850.00 13.0700000 0.00

SMITH INTL INC COM CUSIP: 832110100 2,600.00 56 7600000 0.00

SPORTS AUTH INC NEW COM S7K CUSIP: 849770709 200.00 35.9000000 0.00

SRA INTL INC CL A CUSIP: 784648105 3,150.00 42.3200000 0.00

ST DUDE MED INC COM CUSIP: 790849103 4,000.00 75.6500000 000

STRYKER CORP COM CUSIP: 863867701 3,700.00 55.000000 0.00

SUN TR BANKS INC COM CUSIP: 867914103 6,000.00 64.9900000 0.00

SYMANTEC CORP COM CUSIP: 871503108 6,900.00 43.7800000 0.00

SYMYX TECHNOLOGIES INC COM CUSIP: 87155S108 2,325.00 24.1200000 000

SYSCO CORP COM CUSIP: 877829107 774.00 35 8700000 22 .62

TARGET CORP COM CUSIP: 87612E106 10,600 00 42.4700000 0.00

339,500.00 442,047.50 - 102,547.50 0.00 - 102,547.50

5,300,417.58 4,023,456.74 1,276,960.84 000 7,276,960.84

179,465 50 93,739 61 25,725.89 000 25,725.89

753,410.00 80,830.11 92,579 89 000 92,579 .89

37,249 50 40,701 .16 - 3,451.66 000 - 3,451.66

144,976.00 139,478.30 5,497.70 0.00 5.497 .70

7,180.00 6,93400 246.00 0.00 24600

133,308.00 121,165.40 12,142 .60 0.00 12,142 .60

302,600.00 254,144.15 48,455.85 0.00 48,455 .85

203,500.00 120,815 27 82,884.79 000 82,684 .79

389,940.00 314,882.04 75,057 .96 0.00 75,057 96

302,082.00 154,392.58 147,689.42 0.00 147,689.42

56,079 .00 25,458.75 30,620.25 000 30,620 25

s,2413e s.401 .4s - 1s0.08 000 - 160 08

450,182.00 331,28083 118,901 .17 0.00 178,901 .77

Generated by Northern Trust from periodic data on 27 Jul 04 _

Asset Detail - Base Currency DescriotioNAsset ID Accrued Shares/PAR value Local market price income/expense Mantel value

-unrealized gainAoss


Northern Trust Generated by Northern Tnrst from periodic data on 27 Jul 04

Page 21 of 151

Equities

Common stock

TCF FNCL CORP COM CUSIP: 872275102 1 .550 .00 58.0500000 0.00 89,977 50 66,193.28 23,784 22 0.00 23,784 .22

TECHNE CORP COM CUSIP: 878377100 7,600.00 43.4500000 0.00 330,220.00 229,853.87 100,566.13 000 100,566.73

TESSERA TECHNOLOGIES INC COM STK CUSIP: 88164L100 5,425.00 18 .0200000 0.00 97,758 .50 99,878 05 - 2,119.55 0.00 - 2,11955

i TIDEWATER INC COM CUSIP: 886423102 10,000.00 29.8000000 0.00 298,000 00 272,551 .00 25,449 .00 000 25,449 00

TIME WARNER INC NEW COM CUSIP: 887317105 4,050.00 17.5800000 0.00 71,199.00 121,080.00 - 49,861 .00 0.00 - 49,861 00

TOLL BROS INC COM CUSIP: 889478103 1,750.00 42.3200000 0.00 74,060.00 34,323 28 39,736 72 0.00 39,736.72

TRANSOCEAN INC CUSIP: 690078109 15,343 .00 28.9400000 0.00 444,026.42 437,77320 6,253.22 000 6,25322

TUESDAY MORNING CORP COM NEW ISIN US8990355054 CUSIP: 899035505 4,050.00 29 0000000 0.00 117,450.00 118,876.09 - 1,22609 0.00 - 1,226.09

TX INSTRS INC COM CUSIP: 882508104 1,800.00 24.1800000 0.00 43,524 .00 90,022 .50 - 48,498 50 000 - 48,498.50

UNIONBANCAL CORP DE COM STK CUSIP: 908908100 2,350.00 56.4000000 846.00 132,540.00 135,834.35 - 3,294.35 0.00 - 3,294.35

UNITED PARCEL SVC INC CL B CUSIP: 817312708 3.950 .00 75.1700000 0.00 298,921.50 245,865.00 51,058.50 0.00 51,058.50

URBAN OUTFITTERS INC COM CUSIP: 817047102 3.000.00 80.9100000 0.00 ( 182,730.00 149,880.70 33,089 .30 0.00 33,069 .30

UTD SURGICAL PARTNERS INTL INC COM CUSIP: 913018309 3.375.00 39.4700000 0.00 133,211 .25 114,277.51 18,833.74 0.00 78,933 .74

UTSTARCOM INC COM CUSIP: 918078100 2,875.00 302500000 0.00 86,968 .75 54,007 .79 32,960.98 0.00 32,960 .96

VALERO ENERGY CORP COM STK NEW CUSIP: 91813Y100 2,150.00 73.7800000 0.00 158,584.00 139,358.98 19,227.02 0.00 19,227 .02

82,983.50 54,78528 28,198 .22 0.00 28,198.22

165.170 .00 171,098.82 54 .071 .18 0.00 54,071 .18

361,900.00 488,829.45 - 124,929.45 0.00 - 124,929.45

748,554.00 353,429.40 393,124.60 0.00 393,124.60

820,156.50 283,359 69 536,796.81 0.00 536,796.81

629,530.00 408,058.75 221,47125 0.00 221,47125

167,360.00 134,701.55 32,658.45 0.00 32,658 .45

555,456.00 415,156.00 140,300.00 0.00 140,300.00

152,824.00 143,202.08 9,621 .92 0.00 9,621.92

197,358.75 145,599.48 51,759 .27 0.00 51,75927

448,675.50 147,128.74 301,546.76 000 301,546.76

233,268.75 194,274.84 38,993.91 0.00 38,993.91

355,005.00 795,841 .20 159,163 80 000 159,163.80

32,674 .00 30,789 39 1,884.61 000 1.884 61

51,468 .75 83,607 .47 - 32,138 .72 0.00 - 32,138 72

104,862,624.82 81,450,333 .55 23,412,291 27 000 23,412,291 .27


Asset Detail - Base Currency Qescrintion/Asset ID Accrued ShareslPAR value Local market price income/expense

Equities

Common stock VERINT SYS INC COM CUSIP: 92343X100

2,425.00 34.2200000 000

VERISIGN INC COM CUSIP: 92343E102 8,300.00 18 9000000 0.00

VERIZON COMMUNICATIONS COM CUSIP: 92343V104 10,000 .00 36.1900000 0.00

WAL-MART STORES INC COM CUS1P: 931142103 14,150.00 52.7600000 0.00

WALGREEN CO COM CUSIP: 931422109 22,850.00 36.2100000 0.00

WELLS FARGO 8 CO NEW COM STK CUSIP: 949748101 11,000.00 57.2300000 0.00

WEST CORP COM CUSIP: 952355105 6,400.00 26.1500000 0.00

WEYERHAEUSER CO COM CUSIP: 962166104 8.800 .00 63.1200000 0.00

XM SATELLITE RADIO HLDGS INC CL A CUSIP: 983759107 5,600.00 27.2900000 0.00

XTO ENERGY INC COM CUSIP: 98385X106 6,625.00 29.7900000 66 .25

YAHOO INC COM CUSIP: 984332106 12,350.00 36.3300000 0.00

YANKEE CANDLE CO COM 1S1N US984T571042 CUSIP: 984757104 7,975.00 29.2500000 0.00

ZIMMER HLDGS INC COM CUSIP: 98956P102 4,02500 88.2000000 0.00

1ST CMNTY BANCORP CAL COM CUSIP~ 319838101 850.00 38.4400000 0.00

99 CENTS ONLY STORES COM CUSIP: 65440K106 3,375.00 15.2500000 0.00

Total USD 75,423.29

Page 22 of 151 Unrealized gain/loss

Market value cost Market Translation Total

Asset Detail - Base Currency OescrtotlonlAsset ID Accrued Shares /PAR value Local market price Income/expense Market value

Equities

Common stock Total United States 75,423.29 104,862,824 .82

Total Common Stock

4,020,942.12 75,526 .40 108.731,249.81

Preferred stock

Australia - USD

ADR NEWS CORP LTD SPONSORED ADR REPSTG PFD LTD CUSIF 852487802 9,800.00 32.8800000 0.00 322,224.00

Total USD 0.00 322,224.00

Total Australia 0.00 322,224.00

Total Preferred Stock

9,800.00 0.00 322,224.00

Total Equities

4,030,74212 75,52Brt0 109,033,473 .81

G 44


Government agencies

United States - USD MA R./C4( I -

Total Government Agencies

90,000.00 831.24 92,280 .89 93,333 .74 - 1,053.03 0.00 - 1,053.05

y

1 °`


FNMA DTD 10125/20014.375 10-15-2008 CIISIP: 31359MLH4 90,000 .00 102.5341000 831.24 92,280.89 93,333.74 - 1,053.05 0.00 - 1,053.05

Total USD 831.24 92,280 .89 93,333 .74 - 1,053.05 0.00 - 1,053.05

Total United States 831.24 92,280.89 93,333.74 - 1,053.05 0.00 - 1,053.05


Mantel value Cost Market Translation Total

Corporate bonds

Republic of Korea - USD

KOREA DEV BK 3.875 DUE 03-02-2009 BEO CUSIP: 500830BH0 40,000.00 95.7379000 512.38 38,295.18 39,824.00 - 1,528.84 0.00 - 1,52884

Total USD 512.36 38,295 .16 39,824 .00 - 1,528.84 0.00 - 1,528.84

Total Republic of Korea 512.38 38,295 .16 39,824 .00 - 1,528.84 0.00 - 1,528.84

United Kingdom - USD

VODAFONE AIRTOUCH PLC FORMERLY VODAFONE GRP PLC 6128!1999 7.825 DUE 2-15A5 BEO CUSIP: 92857TAF4 30,000 .00 103.3314000 864 .16 30,999 .42 30,957 .58 47 .84 0.00 47 .84

Total USD 864.16 30,999.42 30,951 .58 47.84 0.00 47.84

Total United Kingdom 864.18 30,999 .42 30,951 .58 47.84 000 47.84

United States - USD

ABN AMRO BK H V CHGO BRH 7.125 SUB NT DUE 06-18-2007 CUSIP: 00077QAG5 95,000.00 109.4378000 244.42 103,965.91 99,255.58 4,710.33 0.00 4,710.33

AFLAC INC SR NT 6.5 DUE 04-15.2009104-14-2009 BEO CUSIP: 001055A88 150,000.00 108.1190000 2,058.33 162,178.50 153,174.83 8,003.87 0.00 9,003.67

ALCOA INC BD 6 DUE 01-152072/01-14-2012BE0 CUSIP: 013817AF8 90,000 .00 105.7348000 2,490.00 95,161 .32 99,330 .30 - 4,188.98 0.00 - 4,168.98

ALLTEL CORP DEB 8.75 DUE 09-15-2005 REG CUSIP: 020039AG8 55,000 .00 104.7970000 1,093.12 57,638.35 57,595.39 42.96 0.00 42.96

AMERN EXPRESS CO NT DTD 11/20/2002 3.75 DUE 11-20-2007 BEO CU31P: 025818AP4 90,000.00 99.6885000 38437 89,719 .65 89,246.56 473.09 0.00 473.09

AMERN GEN FIN CORP MEDIUM TERM SR NTS TRANCHE # TR 00378 5 375 DUE 10-01-2012 CUSIP: U2635PRT2 140,000.00 100.1535000 1,881.24 140,214.90 145,52023 - 5,30533 0.00 - 5,305.33

ANHEUSER-BUSCH COS INC MEDIUM TERM NTS BTRANCHE # TR 00003 5.625 10-1-108E0 CUSIP: 03522QAC9 175,000.00 1056600000 2,156.25 121,509.00 123,620.56 - 2,111.56 000 - 2,111.56

ARCHER DANIELS MIDLAND CO 8.875 DUE 04-152011 REG CUSIP: 039483AG7 110.000 .00 122.5949000 2,060.96 134,853.40 135,963.40 - 1,110.00 0.00 - 1,11000

ARISTAR INC SR NT 7.25 DUE 06-15.2006 BEO CUSIP: 040420BF7 40,000 .00 707.9271000 ,1 128.88 43,170 .84 43,112.07 58.77 000 58.77


Asset Detail - Base Currency Description/Asset ID Accrued Shares/PAR value Local market price incomelexpense

Fixed Income

Page 26 of 151

Asset Detail - Base Currency Page 2~ of 15 Unrealized gain/loss

BEAR STEARNS COS INC 7.625 DUE 12-07-2009 BED CUSIP: 073902888 105,000.00 113.5518000 533.74 119,229.39 118,454.06 775.33 0.00 775.33

BELLSOUTH CAP FDG CORP 7.75 DUE 02-15.2010 BEO CUSIP: 079857AG3 115,000.00 114.2386000 3,366.94 131,372.09 122,279.99 9,082.10 0.00 9,092.10

BK AMER CORP GLOBAL NT DTD 10/09/2001 4.75 DUE 10-15.2006 BED CUSIP: 060505A.13 180,000.00 103.2205000 1,804.99 185,798.90 178,870.58 8,828.34 000 6,926.34

BK 1 CORP 5.9 DUE 11-12011 BEO CUSIP: 06423AAf]6 170,000.00 103.9176000 1,281.60 178,859.92 183,474.63 - 8,814.71 0.00 - 6,814.71

BOEING CAP CORP NT 7.375 DUE 09-27-2010/09-28-2010 BEO CUSIP: 097014AC8 115,000.00 113.0737000 2,214.54 130,034.75 121,191.11 8.843.81 0.00 8,843.64

BRISTOL MYERS SQUIBB CO NT 4.75 DUE 10-01-2008 BED CUSIP: 110122AF5 120,000.00 103.0277000 1,425.00 123,83324 124,918.87 - 1,283.43 0.00 - 1,283.43

CAMPBELL SOUP CO NT DTD 02/2812001 8.75 DUE 02-15-2011 BED CUSIP: 134429AM1 85,000.00 110.7784000 2,187.50 94,181 .84 87,198 .20 8,985.44 0.00 8,965.44

CATERPILLAR FINL SVGS CORP CATERPILLAR FINL SERVICES 4.875 DUE 08-15-2007 BED CUSIP: 14911RAE9 115,000.00 103.4040000 249.18 178,914.80 119,675.00 - 780.40 0.00 - 760.40

CIT GROUP INC CIT GROUP INC 3.875 DUE 11-032008 BED CUSIP: 12577 P1 60,000 .00 97.7188000 374.58 68,830 .14 59,863.40 - 1,03328 0.00 - 1,033.26

CITICaROUP INC NT GLOBAL 8 DUE 02-21-20128E0 CUSIP: 772967HJ9 95,000 .00 108.0282000 2,058.32 100,724.89 98,094.82 4,830.27 0.00 4,830.27

COCA COLA ENTERPRISES INC NT 4.25 DUE 09-15.2010/09-142010 BEO CUSIP: 1912198P8 180,000.00 98.4540000 2,002.22 757,528.40 159,992.18 - 2,485.78 0.00 - 2,485.78


Description/Asset ID Accrued Shares/PAR value Local market price income/expense Market value Cost Market Translation Total

Fixed Income

Corporate bonds

AVON PRODS INC NT 7.15 DUE 11-15-2009 BEO CUSIP: 054303AM4 95,000 .00 112.4016000 867.92 108,781.52 102,017.24 4,764.28 0.00 4,764.28

AXA FINL INC SR NT 7.75 DUE 08-Ot-2010/071-2010 BEO CUSIP: 002451AA0 45,000 .00 114.6774000 1,45312 51,804 .83 47,638.09 3,968.74 0.00 3,96874

BAKER HUGHES INC NT 6 DUE 02-15-2009 BEO CUSIP: 057224AS6 115,000.00 106.9040000 2,60666 122,839.60 115,749.21 7,190.39 0.00 7,190.39

BBBT CORP SUB NT 2012 4.75 DUE 10-01-2012 BEO CUSIP: 054937AD9 80,000.00 96.1767000 712.50 57,708.02 60,841 .16 - 3,135.14 000 - 3,135.14

Fixed Income

Corporate bonds

COLLATE-PALMOLIVE CO MEDIUM TERM NTS BOOTRANCHE # TR 00074 5.98 4252012 CUSIP: 119416013133 60,000 .00 707.3117000 657.79 84,387 .02 59,958 .80 4,430.22 0.00 4,430.22

COMPUTER SCIENCES CORD SR NT 7.375 DUE 08-15-2011 BED CUSIP: 205383AE4 50,000.00 113.2798000 163.88 56,639.90 49,983 .90 6,876.00 0.00 6,676.00

COUNTRYWIDE HOME WS INC MEDIUM TERM NTS TRp00292 4.25 12-19-2007 BEO CUSIP: 22237LND0 180,000.00 100.9938000 255.00 181,788.84 188,972.88 - 7,183.82 0.00 - 7,183.82

CR SUISSE 1ST BSTN USA INC NT DTD 07109!2002 6.5 DUE 01-152012 BEO CUSIP: 22541LAC7 40,000.00 107.4589000 1,198.88 42,983 .56 44,342.58 - 1,359.02 0.00 - 1,359.02

DEERE & CO DEB 7.85 DUE 05-15.2010 BEO CUSIP: 244199AY1 130,000.00 118.5868000 1,303.96 151,538.58 143,572.80 7,963.78 0.00 7,963.78

DU PONT E I DE NEMOURS 3 CO NT 8.875 DUE10-15-2009110-20-1999 BED CUSIP: 2635348J7 120,000.00 111.7597000 1,741.86 134,111.63 127,773.01 6,338.62 0.00 8,338.82

FLEETBOSTON FINL CORP 7.25 DUE 0&15.2005 BEO CUSIP: 339030AB4 60,000 .00 105.3780000 1,280.83 63,227 .40 81,021 .90 2,205.50 0.00 2,205.50

FORD MTR CR CO GLOBAL LANDMARK SECS-GLOSLS 8.875 DUE 02-01-2008 BEO CUSIP: 34539TTR4 90,000.00 104.8897000 2,578.12 94,400 .73 90,618.57 3,784.18 0.00 3,784.18

FORD MTR CR CO NT 7 DUE 10-01-2013 CUSIP: 34539TiZ6 130,000.00 100.9468000 2,275.00 131,230.58 137,325.18 - 6,094.58 0.00 - 8,094.58

GEN ELEC CAP CORP MEDIUM TERM NTS BO TRANCHE # TR 005516 DUE 08-15-2012 CUSIP: 36982GYY4 160,000.00 105.5288000 428.88 168,846.08 158,798.40 10,047 .88 0.00 10,047 .68

GEN MTRS ACCEP CARP MEDIUM TERM NTS BOOKENTRY MTN 4.375 DUE 72-10-2007 CUSIP: 37042WG96 60,000 .00 98.5875000 658.25 59,152 .50 59,919 .00 - 766.50 0.00 - 766.50

GEN MTRS ACCEP CORP SR NT OTO 08129!20028.125 DUE OB-28-2007 BEO CUSIP: 370425SD3 740,000.00 104.3457000 2,929.78 146,083.98 148,790.98 - 2,707.00 0.00 - 2,707.00

GEN MTRS ACCEP CORP SR NT OTD 08/29/20028.875 DUE 08-28-2012 BEO CUSIP: 370425SE1 120,000.00 101.7258000 2,818.74 122.070 96 129.545 .12 - 7,474.76 0.00 - 7,474.16

GOLDMAN SACHS GROUP INC 6.6 DUE 01-152012 BEO CUSIP: 38141GBU7 100,000.00 107.8089000 3,043.33 107,808.90 108,184.36 - 575.46 0.00 - 575.46

GTE CAL INC 5.5 DUE 01-15-20U9 BEO CUSSP: 362311A,11 250,000 00 103.6000000 6,340.27 259,000.00 232,710.28 28,289 72 0.00 26,289.72


Asset Detail - Base Currency Page 2a of 15 "nrealized gainlloss

pescsiottoNAsset !D Accrued Shares/PAR value Local mantel price incomeJexpense Market value cost Market Translation Total

i

Asset Detail - Base Currency Description/Asset ID Accrued

Unrealized gainAoss

Shares/PAR value Local market price Income/expense Market value Cost Market Translation Total


Page 29 of 15

Fixed Income

Corporate bonds HANCOCK JOHN FINL SVGS INC JOHN HANCOCK 5.625 DUE 12-01-2008 BEO CUSIP: 41014SAA4

150,000.00 105.1356000 703.12 157,703.40 149,614.00 8,089.40 0.00 8,08940

HARTFORD LIFE INC NT 7.1 DUE 08-15-2007 REG CUSIP: 418582A89 76,000 .00 109.4149000 23981 83,155 .32 77,402 .68 5,752.86 000 5,752.66

KEYSPAN CORP NT 7.625 DUE 11-75-2010 BEO CUSIP: 49337WAB6 70,000 .00 115.0307000 682.01 80,521 .49 73,769.61 8,751.88 0.00 6,75188

LASMO USA INC 7.5 CO GUARNT DUE 08-30-2006 CUSIP: 518088AC8 175,000.00 108.3637000 36.45 189,838.47 187,499.84 2,138.83 0.00 2,136.63

LAUDER ESTEE COS INC ESTEE LAUDER COS INC B.OPCT 01 15 6 DUE 01-15-2012 BEO CUSIP: 518439AA2 70,000.00 107.0250000 1,938.68 74,917.50 70,487.22 4,450.28 0.00 4,450.28

LEHMAN EROS HLDGS INC LEHMAN BOR HLDG 7 02-01-08 7 DUE 02-01-2008 BEO CUSIP: 524908CV0 170,000.00 109.5882000 4,958.33 188.299.94 192,867.32 - 8,387.38 0.00 - 6,367.38

LOWES COS INC 8.25 DUE 06-01-2010 BEO CUSIP: 548881CA3 50,000 .00 118.7814000 343.75 59,380.70 51,752 .53 7,828.17 0.00 7,628.17

MCDONALDS CORP MTN 5.75 DUE 03-01-2012 CUSIP: 58013MDR2 60,000 .00 104.3416000 1,150.00 82,804.96 58,084 .87 3,520.29 0.00 3,520.29

MERRILL LYNCH 8 CO INC MEDIUM TERM NTS BOOK ENTRY FEB 03 2014 5 DUE 02-032014 CUSIP: 58018YSUB 130,000.00 98.0983000 2,672.22 124,925.19 129,878.30 - 4,751 .11 0.00 - 4,751.11

METLIFE INC METLIFE INC 8.125 DUE 12-01-2011 BEO CUSIP: 59158RAC2 70,000 .00 107.3515000 357.29 75,148 .05 89,898.97 5,449.08 0.00 5.44908

MORGAN STANLEY GLOBAL SUB NT 4.75 DUE 04-01-2014 BEO CUSIP: 81748AAE8 100,000.00 92.2821000 1,200.69 92,282 .10 99,129.00 - 8,888.90 0.00 - 6,86690

NATL RURAL UTILS COOP FIN CORP COLL TR BD DTD OSI23/2001 8 DUE OS15-2008 BEO CUSIP: 837432CQ8 205,000.00 105.2340000 1,571.88 , 275,729.70 204,505.51 11,224 .19 0.00 11,224 .19

PACIFICORP 6.9 DUE 11-15-2011171-14-2011BE0 CUSIP: B951148U1 70,000.00 111.5890000 617.18 78,112.30 82,571 .31 - 4,459.01 0.00 - 4,45901

PITNEY BOWES INC 5.87500 04/30101 05101/06 5.875 DUE 05-01-2008 BED CUSIP: 724479AE0 115,000.00 105.0280000 1,128.03 120,783.35 117,055.83 3,727.52 0.00 3,727.52

PNC FDG CORP SR NT 5.75 DUE 08-01-2008 BEO CUSIP: 693478AR4 110,000.00 105.0883000 2,635.41 115,597.13 116,789.21 - 1,192.08 0.00 - 1,192.08

SARA LEE CORP NT 6.25 DUE 09-15-2011 BED CUSIP: 803111AK9 120,000.00 108.0898000 2,208.33 129,707.78 131,411 .87 - 1,704.11 0.00 - 1,704.11

SBC COMMUNICATIONS INC SBC COMMUNICATIONS INC 6.25 &1511 BED CUSIP: 78387GAD5 130,000.00 108.4009000 2.392 .35 138,321 .17 727,942.58 10,378 .59 0.00 10,378 .59

SLM CORP MEDIUM TERM NTS BOOK ENTRY TR X100057 5.375 DUE 05-15.2014 REG CUSIP: 78442FCJ5 50,000.00 98.4798000 418.05 49 .239 .80 49,888 .00 - 848.20 0.00 - 84820

SUM'RUST BK An GA MT SUB OK NTS BE TR #SB 00002 8.375 DUE4-1-11 BE CU31P: 88787(iABB 80,000.00 108.3800000 958.25 85,018.00 81,422.97 3.593.03 0.00 3,593.03

TARGET CORP NT DTD 0311112002 5.875 DUE 03-01-2012 BEO CUSIP: 8T812EAH9 110,000.00 105.7118000 2.154.18 118.282.76 120,499.05 - 4,216.29 0.00 - 4,216.29

U S BANCORP NT BOOK ENTRY 3.125 DUE 03-15-2008 BED CUSIP: 91159HGG9 150,000.00 97.2883000 1,380.20 145.899 .45 149,709.00 - 3,809.55 0.00 - 3,809.55

U S BK NATL ASSN MINNEAPOLIS MINK MEOIUMTRANCHE # SB 00001 8.375 8-1-11 REG CUSIP: 90333WAA8 20,000 .00 108.0258000 531.24 21,605 .18 23,013 .38 - 1,408.20 0.00 - 1,408.20

UNILEVER CAP CORP NT 7.125 DUE 11-01-2010110-24-2000 BED CUSIP: 904764AG2 100,000.00 113.1285000 1,187.50 113,128.50 120,525.08 - 7,398.58 0.00 - 7,396.56

WA MUT INC NT 4 DUE 01-15-2009 REG CUSIP: 939322AV 80,000.00 98.0262000 1,108.65 58,815 .72 80,545 .64 - 1,728.82 0.00 - 1,728.92

WACHOVIA CORP NEW GLOBAL NT 4.95 DUE 11-01-2006 REG CUSIP: 929903AA0 200,000.00 103.5855000 1,850.00 207,171.00 197,807.95 9,363.05 0.00 9,363.05

WELLS FARGO BK NA SAN FRAN CAL SUB NT ACCD INVS 7.55 DUE 06-21-2010 BED CUSIP: 94S748AE7 80,000.00 115.1120000 125.83 89,067.20 64,872.10 4,795.10 0.00 4,195.10

1ST DATA CORP MEDIUM TERM NTS BOOK ENTRY6 .375 DUE 12-15-2007 CUSIP: 32008YAG7 115,000.00 108.7874000 325.82 125,082.51 119,435.88 5,848.83 0.00 5,646.83

Total USD 97,953 .48 ~ 7,423,309.09 7,295,119.80 128,189.29 0.00 128,189.29

Total United States 97,953 .48 7,423,309.09 7,295,119.80 128,189.29 0.00 128,189.29

Total Corporate Bonds

7,078,000.00 99,330.00 7,482,803.87 7,365,895.38 126,708.28 0.00 126,708.28 9, G

Northern Trust Generated by Northern Trust from periodic dais on 27 Jul 04

Asset Detail - Base Currency Page ao of 15 Unrealized gaiNtoss

Description/Asset ID Accrued Shares/PAR value Local market price inoome/expense Market value Cost Market Translation Total

Fixed Income

Corporate bonds


Total Govemment Mortgage Backed Securities

171,087.18 878.33 175,542.84

?7 !i0 . y al . Da '7,337,087.

3 ~ ̀1

Description/Asset ID Accrued Shares/PAR value Local market price income/expense Market value

Fixed Income

Government mortgage backed securities

United States - USD

FHLMC MULTICLASS SER 2420 CL BE 6.5 12-1b-2030 CUSIP: 31339DD70 82,988.35 103.9171000 341.18 85,455.88

FNMA REMIC TR 2001-29 CL-VA 6.5 04-25-2012 CUSIP: 313920GM8 32,705.81 100.3888000 177.15 32,825 .78

FNMA REMIC TR 2001.80 CL-0E 6.5 025-2030 CUSIP: 313921V82 17,374 .02 101.0786000 84 .09 17,581 .48

FNMA REMIC TR 2002-70 CL-PD 5.5 04-252015 CUSIP 31392FAQ0 58,018.98 102.8973000 265.91 59,899.98

Total USD 878.33 175,542.84

Total United States 878.33 175,542.84

1,441,488 . 52,999 .

---------------1,494,487 .

22POlA P184 02/15/2005 12 :18 :19 V03-8 16


FORM 990PF, PART II - OTHER INVESTMENTS

DESCRIPTION

ENDOWMENT VENTURE PTNRS V, LP GLOBAL AMERICAN INVEST . LTD

TOTALS

`l\

r

74-6045327

ENDING BOOK VALUE

1,441,488 . 52,999 .

---------------1,494,487 .

ENDING FMV

260,526,625 . ------------------------------

260,5261625 .

17 22POlA P184 02/15/2005 12 :18 :19 V03-8


FORM 990PF, PART II - OTHER ASSETS

DESCRIPTION

ART WORK IN MENIL COLLECTION

TOTALS

.`1

v~1

74-6045327

ENDING BOOK VALUE

260,526,625 . ------------------------------

260,526, 625 .

ENDING FMV

35,022 . BEGINNING BALANCE DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


FORM 990PF, PART II - MORTGAGES AND OTHER NOTES PAYABLE

LENDER : NATIONS BANK ORIGINAL AMOUNT : 62,400 . DATE OF NOTE : 04/21/1982 MATURITY DATE : 02/28/2010 REPAYMENT TERMS : $636 . MONTHLY UNTIL PAID SECURITY PROVIDED : 1624 SUL ROSS HOUSTON, TX PURPOSE OF LOAN : MORTGAGE DESCRIPTION AND F'MV CASH OF CONSIDERATION :

74-6045327

ENDING BALANCE DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,356 . ---------------

TOTAL BEGINNING MORTGAGES AND OTHER NOTES PAYABLE 35,022 .

TOTAL ENDING MORTGAGES AND OTHER NOTES PAYABLE 31,356 .

STATEMENT /~

22POlA P184 02/15/2005 10 :09 :31 V03-8

MENIL FOUNDATION, INC . 74-6045327

FORM 990PF, PART III - OTHER INCREASES IN NET WORTH OR FUND BALANCES

-622,719 . --------------

11,091,105 .

STATEMENT /$'

22POlA P184 02/15/2005 10 :09 :31 V03-8

DESCRIPTION

CHANGE IN UNREALIZED APPRECIATION ON INVESTMENTS

NET INCOME (LOSS) OF RICHMONT CORPORATION INCLUDED IN INCOME FOR BOOK PURPOSES

TOTAL

AMOUNT

11,713,824 .

F:1lnvestmentsFY04.xls-Sales Sum

Menil Foundation, Inc . EIN : 746045327 FYE: 06/30/04

NET GAINI(LOSS) FROM SALES OF ASSETS : PART I, LINE 6a

No . of Shares Trade Date Acquisition Total Tax Short Term Long Term TOTAL Summary or Face Value of Sale Date Proceeds Basis Gain/(Loss) Gain/(Loss) Gain/(Loss)

Held at Northern Trust Co 40 Short-term PG.31 30,255,164 27,834,448 2,420,716 2,420,716 70 Long-term (JG, 3o e~- ,V-0t r'" 14 -2, 23,489,189 19,479,661 4,009,528 4,009,528

Total 53,744,353 47,314,109 2,420,716 4,009,528 6,430,244

Adjust basis of gift stock (93,938) 93,938 93,938

Correct Acquisition Date (ST to LT) 50 Schlumberger, Ltd. Corn Stk 560 01/21/04 33,453 (33,453) -

DEDUCT: Sales recorded by Northern Trust in FY04; recorded on books in FY05 (5,787) (2,389) (3,396) (3,398)

ADD: Sales recorded by on books in FY04 441,315 461,664 (20,349) - (20,349) recorded by Northern Trust in FY03: 4,919 3,252 1,667 1,667

ADD: Capital gains excluded from NTC stints: Lord Abbett 124,036 - 20,373 103,663 124,036

DEDUCT : intech sales recorded at NTC but included with K-1 Activity on Inc Stmt (38,621) (36,781) (1,840) - (1,840)

Other (ULD at Wasatch) (28,075) (4,932) (23,143) (23,143)

Adjusted Net GaiN(Loss) for Investments Held at Northern Trust Company 54,242,141 47,640,986 2,524,815 4,076,340 6,601,155

" Not held at Northern Trust Co : Litigation Settlement Payments 44,114 - 44,114 44,114 Commissions Recaptured 13,817 - 13,817 13,817 Other -

TOTAL 54,300,072 47,640,986 2,524,815 4,134,271 6,659,086 f o {'r

----

acneaute U Uetaii of Short-term Capital Gains and Losses rteaii Foundation, Inc . EIN 74-6045327

3

w s

Meail Foundation, Inc . EIN 74-6045327

Schedule D Detail of Short-term Capital Gains and Losses

J3A

3F0871 1 .000

- ARP650 656U 12/09/2004 15 :15 :42

Schedule D Detail of Short-term Capital Gains and Losses Menil Foundation, Inc . EIN 74-6045327

JSA

3FOB71 1 .000

- ARP650 656U 12/09/2004 15 :15 :42

Schedule D Detail of Short-term Capkal Gains and Losses Meril Foundation, Inc . EIN 74-6045327

JSA

3F0971 1 .000

- ARP650 656U 12/08/2004 15 :15 :42

Meril Foundation, Inc . EIN 74-6045327


JSA

3F0971 1 000

- ARP650 656U 12/09/2004 15 :15 :42

Schedule D Detail of Short-term Capital Gains and Losses Menii Foundation, Inc . EIN 74-6045327

JSA

3F0971 1 .000

- ARP650 656U 12/09/2004 15 :15 :42

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3FOO71 1 .000 - ARP660 66BU 12/09/2004 15 :15 :42

J8A


JSA

3FO971 1 .000 _ ARPBSO 656U 12/09/2004 15 :15 :42

Menil Foundation, Inc . EIN 74-6045327


3FO971 1 .000 _ ARPS50 656U 12/09/2004 15 :15 :42

JSA


JSA

3FO971 1 .DOO _ ARP650 656U 12/09/2004 15 :16 :42


3FO971 1 .000 _ ARP650 666U 12/09/2004 16 :15 :42

JBA


JSA

3FO971 1 .000 _ ARP650 65BU 12/09/2004 15 :15 :42


JSA

3FO971 1 .000 _ ARP650 656U 12/09/2004 16 :16 :42

Scheau'le 6betail of Short-term Capital Gains and Losses Menil Foundation, Inc . EIN 74-6045327

JSA

3FO971 1 .000 _ ARP650 656U 12/09/2004 15 :15 :42


JSA

3FO971 1 .000 _ ARP650 656U 12/09/2004 16 :16 :42



JSA

3FOOTI 1 .000 _ ARP650 656U 12/09/2004 15 :15 :42


JSA

3FOO71 1 .000 _ ARP650 65BU 12/09/2004 16 :15 :42

Schedule D Detail ot bnort-term Capital Gains and Losses Menil Foundation, Inc . EIN 74-6045327

JSA

3FO971 1 .000 _ ARP650 656U 12/09/2004 15 :15 :42


JSA

3FOO71 1 .000 _ ARP650 666U 12/09/2004 15 :15 :42


JSA

3FO971 1 .000

ARP650 856U 12/09/2004 15 :15 :42


3FO971 1 .000 _ ARP650 656U 12/09/2004 15 :15 :42

JSA

Schedule D Detail of Short-term Capital Gains and Losses Menil Foundation, Inc . BIN 74-6045327

JSA

3FO971 I .OW _ ARP650 65BU 12/09/2004 15 :15 :42


JSA

3FO971 1 .000 _ ARP650 656U 12109/2004 16 :15 :42



3FO971 1 .000 _ ARP650 65SU 12/09/2004 15 :15 :42

JSA


JSA

3FO971 1 .000 _ ARP650 656U 12/09/2004 16 :15 :42

Schedule D Detail of Short-term Capital Gains and Losses , Menil Foundation, Inc . EIN 74-6045327

JSA

3F0071 1 .000 _ ARP650 656U 12/09/2004 16 :15 :42


I

JSA

3FO971 1 .000 _ ARP660 656U 12/09/2004 15 :15 :42


JSA

3FO971 1 .000 _ ARP650 666U 12/09/2004 15 :15 :42


JSA

3FO971 1 .000 _ ARP650 656U 12/09/2004 16 :15 :42

Schedule D Detdlf-of Short-term Capital Gains and Losses Menil Foundation, Inc . EIN 74-6045327

Date Date Gross Sales Cost or Other Short-term Description Acquired Sold Nee Basis Gain/Loss

400 . #REORO/NEWS CORP LTD SPONS ADR SCHEME OFARRANOEMENT 6-4/02/2004 06/28/2004 18,179 .69 13,067 .68 112 .01

278 .68 CF JANUS INTECH RISK-MANAGED LARGE CAP 0 12/31/2003 06/30/2004 3,423 .55 3,182 .09 241 .46

364 .43 CF JANUS INTECH RISK-MANAGED LARGE CAP 0 12/31/2003 06/30/2004 4,476 .96 - 4,161 .23 315 .73

TOTAL POST-MAY 5TH CAPITAL OAINS (LOSSES) 30255164 .00 27834448 .00 2420716 .00

Totals 55164 .00 27834448 .001 2420716-00


Schedule D Detail of Long-term Capital Gains and Losses

14~

C~k izz:

DIN

Schedule D Detail of Long-term Capital Gains and Losses Menil Foundation, Inc . EIN 74-6045327

I&

JSA

3FO970 I.OW _ ARP650 656U 12/09/2004 15 :15 :42

Schedule D Detail of Long-term Capital Gains and Losses Menil Foundation, Inc .

3050 . CLEAR CHANNEL COMMUNICATIO NS INC COM 02/15/2002 09/17/2003

2360 . CLEAR CHANNEL COMMUNICATIO NS INC COM 06/21/2002 09/18/2003

35000, DOW CHEM CO NT QTQ 02/08/2001 6 .125 DUE 02- 12/12/2001 09/23/2~6_03_

60000, DOW CHEM CO NT DTQ 02/08/2001 6 .125 DUE 02- 12/12/2001 09/23720-03

90000 . COCA COLA ENTERPRISES INC BD QTQ 08/15/2001 5 .375 12/26/2001 09/24/2003

5600 . HONEYWELL INTL INC COM STK 09/23/2002 09/24/2003 976 . MEDCO HILTH SOLUTIONS INC 04/21/1999 09/24/2003

3800, INTEL CORP COM 09/26/2003 550 . INTEL CORP COM 10/09/2001 09/26/2003 9120 . XILINX INC COM '05/13/2002 10/02/2003 1270 . XILINX INC COM 08/13/2002 10/02/2003 3180 . XILINX INC COM 08/13/2002 10/03/2003 450 . BK AMER CORP COM 06/28/2002 10/27/2003

3860 . BK AMER CORP COM 07/01/2002 10/27/2003 30000 . CIT GROUP INC MTN BE 1ST

NATIL BK CHGO CIT GROUP 1 08/02/2002 10/27/2003 20000 . CIT GROUP INC MTN BE 1ST

NATIL BK CHGO CIT GROUP 1 08/02/2002 10/27/2003 390 . #REORG/WELLPOINT HILTH

NETWORKS INC CIL A CASH & 08/13/2002 10/27/2603 3730 . #REORO/WELLPOINT HLTH

NETWORKS INC CIL A CASH & 08/15/2002 10/27/2003 50000 . J P MORGAN CHASE & CO JP 06/06/2002 11/04/2003 30000 . J P MORGAN CHASE & CO JP 06/06/2002 11/04/2003 2800 . VERIZON COMMUNICATIONS COM 03/14/2000 11/13/2003 3800 . VERIZON COMMUNICATIONS COM 09/30/1998 11/13/2003 1000 . VERIZON COMMUNICATIONS COM 10/30/2002 11/13/2003 1550 . #REORG/ORTHODONIC CTR AMER

INC N/C TO OCA INC SEC#2 11/13/2002 11/14/2005 2450, EBAY INC COM 11/15/2002 11/17T2--oos

131 .138 .36 143,336 .25 -12,197 .89

101,593 .23 107,432 .26 -5,839 .03

36,631 .35 35,306 .51 1,324 .84

62,796 .60 60,525 .45 2,271 .15

312,744 .70 290,973 .85 21,770 .85 149,750 .97 129,584 .00 20,166 .97 23,891 .35 35,038 .90 -11,147 .55 104,705 .99 114,067 .21 -9,361 .22 15,154 .81 11,903 .10 3,251 .71

257,584 .14 320,772 .00 -63,187 .86 35,869 .72 44,364 .10 -8,494 .38 92,388 .66 88,187 .49 4,201 .1-) 33,333 .22 31,595 .27 1,737 .9E

285,924 .98 271,830 .67 14,094 .31

30,696 .60 30,122 .64 573-9E

20,464 .40 20,081 .76 382 .64

35,176 .35 28,458 .11 6,718 .24

336,430 .24 273,978 .78 62,451 .4E 53,311 .00 50,126 .53 3,184 .4-1 31,986 .60 30,034 .36 1,952 .24 89,216 .69 171,692 .80 -82,476 .11 121,079 .80 188,598 .27 -67,518 .4-1 31,863 .10 38,120 .00 -6,1256 .9(

11,359 .88 15,810 .00 -4,450 .1'9 129 .360 .00 79,465 .75 49,894 .2E

'V

JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42

Date I Date

EIN 74-6045327

Gross Sales cost or Other Long-term

I

Totals



JSA

3FO970 1 .000 _ ARP650 656U 12/09/2004 15 :15 :42


Gross Sales Cost or Other Long-term Pdce Basis Gain/Loss

714 .46 1,020 .00 -305 .54 61138 .11 11,851 .00 -5 .712 .89

- 884 .32 1,275 .00 -390 .68

9,478 .49 6,636 .67 -1,158 .18 91338 .00 11 .282 .33 -1,944 .33

570 .00 379 .78 190 .22 3,996 .79 2,658 .46 1,338 .33

197 .52 167 .11 30 .41

2,475 .50 3,570 .00 -1,094 .50 17,858 .11 16,275 .00 1,583 .11 6,891 .87 6,300 .00 591 .87 4,952 .51 6,061 .55 -1,109 .04 5,395 .09 6,612 .60 -1,217 .51 2,195 .24 2,654 .67 -459 .43 5,478 .49 6,636 .67 -1,158 .18 1,097 .21 1,327 .33 -230 .12 4,005 .81, 2,658 .46 1,347 .35 2,282 .39 1,519 .12 763 .27

575 .17 379 .78 195 .39

1,378 .93 1,169 .79 209 .14

2,171 .62 1,838 .24 333 .38

794 .96 668 .45 126 .51

2,161 .39 1,838 .24 323 .15

3,157 .72 4,590 .00 -1,432 .28 3,618 .31 4,408,401 -790 .09

448 .11 551 .051 -102 .94

JSA

3FO970 1000

ARP650 65BU 12/09/2004 15 :15 :42

Date Date Description Acauired Sold

100 . #REORG/ORTHOQONIC CTR AMER INC N/C TO OCA INC SEC#2 11/13/2002 11/25/2003

350, PEC SOLUTIONS INC COM STK 11/13/2002 11/25/2003 125 . #REORG/ORTHODONIC CTR AMER

INC N/C TO OCA INC SEC#2 11/13/2002 11/26/2003 250 . FTI CONSULTING INC COM 11/13/2002 12/01/2003 425 . FTI CONSULTING INC COM 11113/2002 12101/2003 25 . MACROVISION CORP COM 11/13/2002 12/01/2003

175 . MACROVISION CORP COM 11/13/2002 12/01/2003 25 . MEDIACOM COMMUNICATIONS

CORP CIL A ISIN US58446K1 11/13/2002 12/01/2003 350 . #REORG/ORTHODONIC CTR AMER

INC N/C TO OCA INC SEC#2 11/13/2002 12/01/i0_03 775 . PRTY HEALTHCARE CORP CL B 11/13/2002 12/01/2003 300 . PRTY HEALTHCARE CORP CL B 11/13/2002 12/01/2003 275 . REHABCARE GROUP INC COM 11/13/2002 12/01/2003 300 . REHABCARE GROUP INC COM 11/13/2002 12/01/2003 100 . FTI CONSULTING INC COM 11/13/2002 12/02/2003 250 . FTI CONSULTING INC COM 11/13/2002 12/02/2003 50 . FTI CONSULTING INC COM 11/13/2002 12iO2/2003 175 . MACROVISION CORP COM 11/13/2002 12/02/2003 100 . MACROVISION CORP COM 11/13/2002 12/02/2003 25 . MACROVISION CORP COM 11/13/2002 12/02/2003

175, MEDIACOM COMMUNICATIONS CORP CL A ISIN US58446K1 11/13/2002 12/02/2063

275 . MEDIACOM COMMUNICATIONS CORP CIL A [SIN US58446K1 11/13/2002 12/02/26-0--3

100 . MEDIACOM COMMUNICATIONS CORP CIL A ISIN US58446K1 11/13/2002 12/02/2003

275 . MEDIACOM COMMUNICATIONS CORP CL A ISIN US58446K1 11/13/2002 12/02/2003

450 . #REORB/ORTHODONIC CTR AMER INC N/C TO OCA INC SEC#2 11/13/2002 12/02/2003

200 . REHABCARE GROUP INC COM 1 11/13/2002 1 12/02/2003 25 . REHABCARE GROUP INC COM 1 11/13/2002 1 12/02/2003

Schedule D Detail of Long-term Capital Gains and Losses Menil Foundation, inc . EIN 74-6045327

3FOO70 1 .000 _ ARP650 656U 12/09/2004 15 :15 :42

JSA

JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42


Date Date Gross Sales Cost or Other Long-term Description Acquired Sold _Price Basis Gain/Loss

3260 . GOLDMAN SACHS GROUP INC COM US3814101040 04/11/2002 12/08/2003 320,016 .93 273,811 .82 46,205 .11

1560 . GOLDMAN SACHS GROUP INC COM US3814101040 11/25/2002 12/0812003 153,136 .93 120,512-81 32,624 .12

700 . KRISPY KREME DOUGHNUTS INC COM STK ISIN#US501014104 11/15/2002 12/08/2003 26,687 .23 24,605 .00 2,082 .23 200 . KRISPY KREME DQUOHNUTS INC COM STK ISIN#US501014104 11/15/2002 12/08/2003 7,775 .75 7,030 .00 745 .75

- 3260, PROCTER & GAMBLE CO COM 12/14/2001 12/08/2003 313,975 .45 244 377 .82 69,597 .63 1100 . PROCTER & GAMBLE CO COM 11/04/2002 12/08/2003 105,942 .64 91,315 .41 1 . 4,627 .23

- 4410~ UNITED PARCEL SVC INC CL B 06/03/2002 12/08/2003 321,120 .72 271,177 .07 49,943 .65 - 1870 . UNITED PARCEL SVC INC CL 8 11/15/2002 12/08/2003 136,166 .83 115,915 .14 20 .251 .69 - 8800 . WAL-MART STORES INC COM 01/28/2002 12/08/2003 360,602 .74 344,957 .04 15,645 .70 - 2970 . WAL-MART STORES INC COM 11/15/2002 12/08/2003 157,498 .55 181-,455 .92 -3,957 .37 - 5730 . DEERE & CO COM 12/02/2002 12/09/206-3 354,959 .73 274,172 .87 80,786 .86 - 2440, DEERE & CO COM 12/02/2002 12/09/2003 151,152 .14 114,864 .85 36,287 .29 1100 . KRISPY KREME DOUGHNUTS INC

COM STK ISIN#US501014104 11/15/2002 12/09/2003 41,909 .90 38,665 .00 3,244 .90 5890 . MEDTRONIC INC COM 03/11/2002 12/09/2063- 278,634 .60 252,634-86 25,999 .74 2490 . MEDTRONIC INC COM 11/20/2002 12/09/2003 117 .792 .89 114,071 .63 3,721 .26 10420 . PFIZER INC COM STK $ .11 1/9 PAR 10/30/2002 12/09/2003 356,941 .77 429,378 .14 -70,436 .37 4020 . PFIZER INC COM STK $ .11 1/9 PAR 11/15/2002 12/09/2003 138 .478 .49 130,023 .48 8,455 .01 7750 . AMER EXPRESS CO COM 07/26/2002 12/10/2003 350,380 .46 260,433 .95 89,946 .51 3830 . AMER EXPRESS CO COM 11115/2002 12/10/2003 173,155 .16 136,725 .21 36,430 .55 10510 . INTEL CORP COM 12/09/2002 12/10/2003 317,158 .01 245 .407 .29 71,750 .72

4560 . INTEL CORP COM 12/06/2002 12/10/2003 137,606 .14 81,360 .80 56,245 .34 1300, KRISPY KREME DOUGHNUTS INC

COM STK ISIN#USS01014104 11/15/2002 12/10/2003 48,631 .37 45,695 .00 2,936 .37 3575, SBC COMMUNICATIONS INC COM 12/16/1999 12/10/2003 87,082 .91 152,353 .44 -65,270 .63

11540 . APPLIED MATERIALS INC COM 12/10/2002 12/11/2003 256,987 .21 184,606 .56 72,380 .65 5260 . APPLIED MATERIALS INC COM 12/10/2002 12/11/2003 117,136 .28 84,110 .93 33,025 .35 500 . KRISPY KREME DOUGHNUTS INC

COM STK ISIN#US5010141041 11 / 15 / 2002 _I - 12111 / 2003 18,783 .961 17,575 .001 1 .208 .961


3FO970 1 .000 _ ARP650 656U 12/09/2004 15 :15 :42

JSA

JSA

3FO970 1 .000 _ ARP650 656U 12/09/2004 16 :15 :42


Date Date Gross Sales Cost or Other Long-term Description Acquired Sold Price Basis Gain/Loss

70000 . AMERN GEN FIN CORP MEDIUM TERM SR NTS TRANCHE # TR 06/12/2002 12119/2003 75,430 .60 71 .376 .37 4,054 .23

725 . CHRISTOPHER & BANKS CORP 11/13/2002 12/23/2003 15,238-78 11,386 .61 3,852 .17 50 . CHRISTOPHER & BANKS CORP 11/13/2002 12/24/2003 917 .20 785 .28 131 .92

525 . CHRISTOPHER & BANKS CORP 11/13/2002 12/24/2003 9,863-02 8,245 .48 1,617 .54 125 . CHRISTOPHER & BANKS CORP 11/13/2002 12/24/2003 2,313 .39 1,963 .21 350 .18

.5 DORAL FINL CORP COM 11/13/2002 12/24/2003 16 .34 8 .92 7 .42 575 . CHICOS FAS INC COM 11/13/2002 12/26/2003 20 .695-06 11,666 .92 9,028 .14 25 . CHRISTOPHER & BANKS CORP 11/13/2002 12/26/2003 467 .14 392 .64 74 .50

40000 . AMERICAN HOME PRODS CORP NT 6 .95% DUE 03-15-2011 10/1812001 12/29/2003 44,726 .80 41,947 .50 2,779 .N

30000 . AMERICAN HOME PRODS CORP NT 6 .95% DUE 03-15-2011 10/18/2001 12/29/2003 33,545 .10 31,460 .62 2-,084 .48

725 . CHICOS FAS INC COM 11/13/2002 12/29/2003 26,529 .26 14,710 .47 11,818 .79 150 . CHICOS FAS INC COM 11113/2002 12/30/2003 5,572 .56 3,043 .54 2,529 .02

175000 . BK 1 CORP SR NT 7 .625 DUE 08-01-2005 BEOPUT 10/26/2000 01/07/2004 190,354 .50 175,922 .78 14,431 .72

2500 . #REORG/INTERACTIVE CORP NAME CHANGE TO IAC/INTER 11/15/2002 01/09/2004 81,171 .19 65,108 .29 16,062 .90

1800 . #REORG/INTERACTIVE CORP NAME CHANGE TO IAC/INTER 11/15/2002 01/09/2004 58,265 .24 46,877 .97 11,387 .27

2928 . #REORG/INTERACTIVE CORP NAME CHANGE TO IAC/INTER 11/15/2002 01/1212004 94,187-58 76 .254 .82 17,932 .76

75000 . TARGET CORP 7 .5 DUE 02-15-2005 BEO 03/13/2001 01/12/2004 79,889 .25 76,540 .32 3,348 .93

40000, ALCOA INC NT 5 .875 DUE 06-01-2006/06-16-2004 BE 05/17/2001 01/13/2004 43,374 .40 39,918 .40 3 .456 .00

25000 . ALCOA INC NT 5,875 DUE 06-01-2006/06-16-2004 BE 05/17/2001 01/13/2004 21,109 .00 24,949 .00 2,160 .00

200 . POGO PROD CO COM 11/13/2002 01/14/2004 9,438 .15 6,923 .76 2,514-39 200 . APOLLO GROUP INC CIL A 11/13/2002 01/21/2004 14,867 .84 8,338 .00 6,529 .84 200 . CBRL GROUP INC COM STK 11/15/2002 01/21/2004 7,673-34 4,798 .00 2,875 .34 1100 . APOLLO GROUP INC CL A 11/13/2002 01/22/2004 80,478 .61 45,859 .00 34,619 .61 100 . CBRIL GROUP INC COM STK 11/15/2002 01/22/2004 3,759 .50 2,399 .00 1,360 .50

1 800 . CBRIL GROUP INC COM STK 11/15/2002 01/22/2004 30,096-98 19,192-00 10,904 .R8


3FO970 1000 _ ARP650 656U 12/09/2004 15 :15 :42

JBA

JSA

3FOO70 1 000 _ ARP650 656U 12/09/2004 15 :15 :42



175 . 02 MICRO INTL 02 MICRO INTL LTD COM STK 11/13/2002 01/26/2004 3,841 .56 1,897 .00 1,944,56

500 . APOLLO GROUP INC CL A 11/13/2002 01/27/2004 36,401 .14 20,845 .00 15,556 .14 125 . COGNIZANT TECH SOLUTIONS

CORP CIL A 11/13/2002 01/27/2004 7,051 .93 2,908 .03 4,143 .90 150 . COGNIZANT TECH SOLUTIONS

CORP CL A 11113/2002 01/27/2004 8,491 .60 3 .489 .64 5,001 .96 100 . COGNIZANT TECH SOLUTIONS

CORP CL A 11/13/2002 01/27/2004 5,623 .81 2,326 .43 3,297 .38 125, HIBBETT SPORTING BOODS INC

COM 11/13/2002 01/27/2004 4,131 .67 2,067 .32 2,064 .35 50 . HIBBETT SPORTING GOODS INC

COM 11/13/2002 01/27/2004 1,645 .01 826 .93 818 .08 175 . HIBBETT SPORTING GOODS INC

COM 11/13/2002 01/27/2004 5,830 .14 2 .894 .24 2,935 .90 175 . MANHATTAN ASSOCS INC COM 11/13/2002 01/27/2004 4,897 .60 4,277 .00 620 .60 350 . MICREL INC COM 11/13/2002 01/27/2004 6,024 .33 2,673 .54 3,350 .79 75 . MICREL INC COM 11/13/2002 01/27/2004 1,276 .59 572 .90 703 .6c.

275 . MICREL INC COM 11/13/2002 01/27/2004 4,929 .35 2,100 .64 2,828 .71 700 . PIXAR COM 11/15/2002 01/27/2004 45,133 .81 39,067 .00 6,066 .81 1300 . POGO PROD CO COM 11/13/2002 01/27/2004 60,843 .77 45,004 .44 15,839 .33 25 . 02 MICRO INTL 02 MICRO

INTL LTD COM STK 11/13/2002 01/27/2004 537 .49 271 .00 266 .4S 50 . 02 MICRO INTL 02 MICRO

INTL LTD COM STK 11/13/2002 01/27/2004 1,090 .94 542 .00 548 .94 75 . HIBBETT SPORTING GOODS INC

COM 11/ 3/2002 01/28/2004 2,412 .20 1,240 .39 1,171 .81 75 . ICU MED INC COM 11/13/2002 01/28/2004 2,985 .06 2,991 .75 -6 .6E

275 . MICREL INC COM 11/13/2002 01/28/2004 4,565-33 2,100 .64 2,464 .6~ 50 . RES CONNECTION INC COM 11/18/2002 01/28/2004 1,749 .91 942 .70 807 .21 100 . RES CONNECTION INC COM 11/18/2002 01/28/2004 3,538 .83 1,885 .40 1,653 .4c, 300 . SEMTECH CORP 11/13/2002 01/28/2004 7,592 .70 4,269 .00 3,323 .7C 50, TECHNE CORP COM 11/ 3/2002 01/28/2004 1,940 .67 1,595 .00 345 .6-1 100 . TECHNE CORP COM 11/13/2002 01/28/2004 3,913 .17 3,190 .00 723 .1-, 76 . TECHNE CORP COM 11/13/2002 1 01/28/2004 2 .880 .241 2 .392 .50 487 .7~


3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42

JSA


JSA

3FOO70 1 000 _ ARP650 656U 12/09/2004 15 :15 :42


3FOO70 1000

ARP650 656U 12/09/2004 15 :15 :42

JSA


Date Date Gross Sales Cost or Other Long-term Description

- Acquired Sold Pdce Basis Gain/Loss

225 . CREE INC FORMERLY CREE RESH INC EFF 01/03/2000 11113/2002 02/18/2004 5,389 .70 4,255 .67 1,134 .03

500 . KB HOME COM 11/13/2002 02/18/2004 34,863 .81 21,475 .00 13,388 .81 100 . MACROVISION CORP COM 11/13/2002 02/18/2004 2,272 .84 1,519 .12 753~72 40000 . VODAFONE AIRTOUCH PLC FORMERLY VODAFONE ORP PL 01/24/2003 02118/2004 42,360 .00 42,012 .37 347 .63 625 . GIAGEN N V COM 11/21/2002 02/18/2004 9,635 .19 4,312 .50 5,323 .29 5900 . CISCO SYS INC COM 11/15/2002 02/19/2004 142,153 .83 80 .712 .00 61,441 .83

50 . ILEX ONCOLOGY INC COM 11/13/2002 02/19/2004 1,138 .26 347 .9-1 790 .35 200 . ILEX ONCOLOGY INC COM 11/13/2002 02/19/2004 4,508,78 1,391 .64 3,117~14 600 . KB HOME COM 11/13/2002 02/19/2004 41,920 .99 25,770 .00 16,150 .99 75 . MACROVISION CORP COM 11/13/2002 02/19/2004 1,649 .35 1,139 .34 510 .01 50, QlAGEN N V COM 11/21/2002 02/19/2004 716,04' 345 .00 371 .04 125, ILEX ONCOLOGY INC COM 11/13/2002 02/2012004 2,802 .99 869 .77 1,933 .22 1000 . KB HOME COM 11/1312002 02/20/2004 68,421 .99 . 42,950 .00 25,471 .99 100, MACROVISION CORP COM 11/13/2002 02/20/2004 2,119 .72 1,519 .12 600 .60 75 . G(AGEN N V COM 11/21/2002 02/20/2004 1,059 .73 517 .50 542 .23 70000, APACHE CORP NT QTQ

04111/2002 6 .25 DUE 04-1 12/05/2002 02/23/2004 79,345 .00 76,406 .65 2,938 .35 325 . ILEX ONC01-00Y INC COM 11/13/2002 02/23/2004 6,948~22 2,261 .42 4,686 .80 125 . ILEX ONCOLOGY INC COM 11/13/2002 02/23/2004 2,672 .39 869 .77 1,802 .62 700 . KB HOME COM 11/13/2002 02/23/2004 47,187 .18 30,065 .00 17,122 .18 175 . MACROVISION CORP COM 11/13/2002 02/23/2004 3,393 .43 2,658 .46 734 .97 76 . MACROVISION CORP COM 11/13/2002 02/23/2004 1,477 .82 1,139 .34 338 .48 100 . MACROVISION CORP COM 11113/2002 02/23/2004 2,000 .13 1,519 .12 481 .01 250, MACROVISION CORP COM 11/13/2002 02/23/2004 4,920 .75 3,797 .80 1,122 .95 500 . KB HOME COM 11/13/2002 02/24/2004 33,842 .87 21,475 .00 12,367 .87 650 . DOLLAR TREE STORES INC COM 11113/2002 02/25/2004 19,641 .45 15,925 .84 3,715 .61

1075 . DOLLAR TREE STORES INC COM 11/13/2002 02/25/2004 33,031-63 26,338 .90 6,692 .73 250 . MACROVISION CORP COM 11/13/2002 02/25/2004 5,099 .80 3,797 .80 1,302 .00 600 . CHICOS FAS INC COM 11/13/2002 02126/2004 25,932 .84 12,030 .00 13,902 .84 125 . DOLLAR TREE STORES INC COM 11/13/2002 02/26/2004 3,889 .16 3,062 .66 826 .50 250 . MACROVISION CORP COM 11/13/2002 02/26/2004 5,056 .90 3,797 .80 1,259 .10 200 . MACROVISION CORP COM 1 11/13/2002 02/26/2004 4,072 .16 3,038 .24 1,033 .921 325 . CHICOS FAS INC COM 1 11/13/20029 02/27/2004 13,988 .751 6,516 .25 7,472 .501

Totals

JSA

3FO970 1,000 _ ARP650 656U 12/09/2004 15 :15 :42


3FO970 1 000

- ARP650 656U 12/09/2004 15 :15 :42

JSA

JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42



25 . MONOLITHIC SYS TECH INC 11/13/2002 03/10/2004 329 .10 262 .75 66 .35 75 . CAP AUTOMOTIVE REIT COM

SHS SHS 02/04/2003 03/11/2004 2,556 .14 1,826 .32 729 .82 50 . CAP AUTOMOTIVE REIT COM

SHS SHS 02/04/2003 03/12/2004 1,714 .34 1,217~55 496 .79 50 . CHARLES RIV ASSOCS INC COM 11/13/2002 03/12/2004 1,625 .85 808 .00 817 .85

1700 . ITT EDL SVCS INC COM 11/15/2002 03/12/2004 48,729 .95 39,103 .57 9,626 .38 25 . CAP AUTOMOTIVE REIT COM

SHS SHS 02/04/2003 03/15/2004 857 .46 600 .27 257 .19 50 . CAP AUTOMOTIVE REIT COM

SHS SHS 02/04/2003 03/15/2004 1,714 .70 1,200 .55 514 .15 800, ITT EDL SVCS INC COM 11/15/2002 03/15/2004 23,142 .69 18,401 .68 4 .741 .01 1000 . ITT EDL SVCS INC COM 11/15/2002 03/15/2004 28,948 .87 23,002 .10 5,946 .77 1600 . ITT EDL SVCS INC COM 11/15/2002 03/15/2004 46,220 .11 36,803 .36 9,416 .75 1400, APACHE CORP COM 11/18/2002 03/16/2004 58,753 .46 33 .760 .00 24,993 .46

25 . CAP AUTOMOTIVE REIT COM SHS SHS 02/04/2003 03/16/2004 847 .31 600727 247 .04

- 1600 . FDRY NETWORKS INC COM 11/18/2002 03/16/2004 26 .525 .36 13,543 .68 12,981 .68 300 . FDRY NETWORKS INC COM 11/18/2002 03/16/2004 4,967 .80 2,539744 2,428 .36

- 300 . GTECH HLOGS CORP COM 11/18/2002 03/16/2004 17,147 .60 7,032 .99 10,114 .61 - 1300 . APACHE CORP COM 11/18/2002 03/17/2004 55,427 .36 31,348 .57 24,078 .79

25 . CHARLES RIV ASSOCS INC COM 11/13/2002 03/17/2004 813 .13 404 .00 409 .13 1900 . CHICOS FAS INC COM 11/13/2002 03/17/2004 83,583 .43 38,095 .00 45,488 .43

- 1500 . FDRY NETWORKS INC COM 11/18/2002 03/17/2004 25 .858 .99 12,697 .20 13,161 .79 900 . FDRY NETWORKS INC COM 11/18/2002 03/17/2004 15,989 .49 7,618 .32 8,371 .17

2400 . FDRY NETWORKS INC COM 11/18/2002 03/17/2004 41,937 .64 20,315 .52 21,622 .12 500 . GTECH HLDGS CORP COM 11/18/2002 03/17/2004 28,419 .39 11,721 .65 16,697 .74 100 . HARMAN INTL INDS INC NEW

COM STK USDO .01 03/06/2003 03/17/2004 7,774 .86 3,026 .11 4,748 .75 25000 . HEWLETT PACKARD CO NT 7 .15

DUE 06-15-2005/06-09-200 08/15/2001 03/17/2004 26,715 .50 25,445 .37 1,270,13 125 . MONOLITHIC SYS TECH INC 11/13/2002 03/17/2004 1,648 .68 1,313 .75 334 .93

1225 . MONOLITHIC SYS TECH INC 11/13/2002 /17/2004 16,129 .91 12,874 .75 3,255 .16 1050 . MONOLITHIC SYS TECH INC 11/13/2002

1 03/17/2004 13,848 .95 11,035 .50 2,813 .45

1200 . APACHE CORP COM 11/18/2002 0311812004 51 .295 .48, 28 .937 .14 22,358 .34


JSA

3FO970 1 .000 _ ARP650 656U 12/09/2004 15 :15 :42


I

JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42


200 . CHARLES RIV LAB INTL INC COM ISIN 1598641074 01/24/2003 04/06/2004 8,944 .19 5,980 .02 2,964 .17

125, HIBBETT SPORTING GOODS INC COM 11/13/2002 04/06/2004 4,793 .63 2,067 .32 2

, 726 .31

75 . #REORG/INVERSK RESH GROUP INC CASH & STKMERGER TO 04/02/2003 04/06/2004 2,121 .70 1,091 .25 1,030~45

100 . #REORG/INVERSK RESH GROUP INC CASH & STKMERGER TO 04/03/2003 04/06/2004 2,848 .21 1,455 .00 1,393 .21

700 . MOVIE GALLERY INC COM 12/13/2002 04/06/2004 13,636 .03 12,620 .33 1,015 .7 50 . RES CONNECTION INC COM 11/18/2002 04/06/2004 2,193 .72 942 .70 1,251-02 25 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/06/2004 736 .23 273 .75 462 .48

275 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/06/2004 8,101 .09 3,011 .25 5,089 .84 175 . ACCREDO HLTH INC COM 11/13/2002 04/07/2004 6,778 .45 6,158 .68 619 .77 50 . ACCREDO HLTH INC COM 11/13/2002 04/07/2004 1,942 .95 1,759 .62 183 .33 50 . ACCREDO HLTH INC COM 11/13/2002 04107/2004 1 .940 .74 1,759 .62 181-12

.5 AMSURG CORP COM 11/13/2002 04/07/2004 10 .93 9 .17 1 .76 200 . HIBBETT SPORTING GOODS INC

COM 11/13/2002 04/07/2004 7,639 .06 3,307 .71 4,331 .35 75 . #REORG/INVERSK RESH GROUP

INC CASH & STKMERGER TO 04/03/2003 04/07/2004 2,147 .60 1,091 .25 1,056 .35 25 . RES CONNECTION INC COM 11/18/2002 04/07/2004 1,101 .09 471 .35 629 .74 50 . RES CONNECTION INC COM 11/18/2002 04/07/2004 2,206 .91 942 .70 1,264 .21 25 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/07/2004 722 .97 273 .75 449 .22 75 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/07/2004 .2,168 .44 821 .25 1,347 .19 25 . ACCRE00 HLTH INC COM 11/13/2002 04/08/2004 960 .22 879 .81 80 .41 25 . ACCREDO HLTH INC COM 11/13/2002 04/08/2004 974 .07 879 .81 94 .26 50 . ACCREDO HILTH INC COM 11/13/2002 04/08/2004 1,932 .35 1,759 .62 172 .73

125 . HIBBETT SPORTING GOODS INC COM 11/1312002 04108/2004 4,760 .75 2,067 .32 2,693 .43

50 . #REORG/INVERSK RESH GROUP INC CASH & STKMERGER TO 04/03/2003 04/08/2004 1,427 .58 705 .67 721 .91

25 . RES CONNECTION INC COM 11/18/2002 04/08/2004 1,106 .76 471 .35 635 .41 25 . RES CONNECTION INC COM 11/18/2002 04/08/2004 1,098 .72 471 .35 627 .3

125, RES CONNECTION INC COM 11/18/2002 04/08/2004 5,530 .42 2,356 .75 3,173 .671 50 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/08/2004 1,442 .21 547 .501 894 .71



100 . ACCREDO HLTH INC COM 11/13/2002 04/12/2004 1 3 .883 .931 3 .519 .25 364

JSA

3FO970 1 .000 _ ARP650 656U 12/09/2004 15 :15 :42

INC CASH & STKMERGER TO 04/04/2003 04/12/2004 75 . #REORG/INVERSK RESH GROUP

INC CASH & STKMERGER TO 04/04/2003 04/12/2004 25 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/12/2004

225 . SYMYX TECHNOLOGIES INC-COM 11/13/2002 04/12/2004 400 . ABBOTT LAB COM 10/30/2002 04/13/2004 75 . ACCREDO HLTH INC COM 11/13/2002 04/13/2004

1200, ALTRIA GROUP INC COM 10/30/2002 04/13/2004 400 . AMER EXPRESS CO COM 10/30/2002 04/13/2004 300 . AMERN INTL GROUP INC COM 10/30/2002 04/13/2004 300 . ANHELISER BUSCH COS INC COM 10/30/2002 04/13/2004 500 . ADR BP P L C SPONSORED AOR

05/ SPONSORED ADR BP PLC 10/30/2002 04/13 004 300 . CHEVRONTEXACO CORP COM 10/30/2002 04/13/2004

1200 . CITIGROUP INC COM 10/30/2002 04/13/2004 800 . COCA COLA CO COM 10/30/2002 04/13/2004 300 . COLGATE-PALMOLIVE CO E-0-M 10/30/2002 04/13/2004 200 . EMERSON ELEC CO COM 10/30/2002 04/13/2004 1300 . EXXON MOBIL CORP COM 10/30/2002 04/13/2004 300 . FHLMC COM 10/30/2002 04/13/2004 400 . FNMA COM STK 10/30/2002 04/13/2004

2100 . GEN ELEC CO COM 04/13/2004 1600 . INTEL CORP COM 10130/2002 04/13/2004 200 . INTL BUSINESS MACHS CORP 10/30/2002 04/13/2004 15 . #REORG/INVERSK RESH GROUP

. INC CASH & STKMERGER TO 04/04/2003 04/13/2004 300 . JPMORGAN CHASE & CO COM

CHASE &CO CU REMAINS SAM 10/30/2002 04/13/200~ 500 . JOHNSON & JOHNSON COM 10/30/2002 04/13/2004 300 . KRAFT FOODS INC CL A 10/30/2002 04/13/2004 200 . LAUDER ESTEE COS INC CL A 10/30/2002 04/13/2004 300 . ELI LILLY & CO COM 10/30/2002 04/13/2004 300 . MAPSH & MCLENNAN CO'S INC 1 10/30/2002 04/13/2004

1,412 .37 713 .25 699 .

2,116 .45 1,069 .88 1,046, 721 80 272 7_6 457 .

10'z_1U .0z_ 10,/OU .VV -040 .00

2,847 .42 2,639 .44 207 .98 66,795 .47 50,202 .36 16,593 .11 20,783 .51 14,416 .12 6,367 .39 22,805 .46 19,533 .00 3,272 .46 15,239 .64 15,867 .00 -627 .36

26,909 .36 18,900 .00 8,009 .36 27,497 .36 21,585 .00 5,912 .35 61,602 .59 44,364 .00 17,238 .59 40,527 .05 37,548 .16 2,978 .89 16,142 .62 16,830 .00 -687 .38 12,295 .71 . 9,946 .00 2,349 .71 56,002 .68 44,057 .00 11,945 .68 17,744 .58 18,585 .00 -840 .42 29,255 .311 27,216 '039 .311 65 .308 .461 53 .655 .001 11 .653 .461

420 .69 213 .98 206 .7

2,170 .71 6,338 .55 5,832 .1 5,849 .39 28,740 .00 -2,890 .6 9,281 .78 11,655 .00 -2,373 .2 8,694 .79 5 .995 86 2,698 .9 0,795 .51 16,974 .00 3,821 .5 4 009 671 14 222-401 -212 .7

JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42



300 . MC DONALDS CORP COM 10/30/2002 04/13/2004 8,537 .79 5,478 .00 3,059 .79 300 . MCGRAW HILL COMPANIES INC 10/30/2002 04/13/2004 22,859 .46 19,734 .00 3,125 .46 100, MEDCO HLTH SOLUTIONS INC 10/30/2002 04/13/2004 3,410 .92 2,467 .09 943 .83 500 . MERCK & CO INC COM 10/30/2002 04/13/2004 22,254 .47 25,663 .34 -3,408 .87 300 . MERRILL LYNCH & CO INC COM

STK SEE 59021S COM COM 10/30/2002 04/13/2004 17,489 .59 11,814 .00 5,675 .59 1100 . MICROSOFT CORP COM 10/30/2002 04113/2004 28,005 .34 29,265 .50 -1,260 .16 300 . ADR NESTLE S A SPONSORED

ADR REPSTO REG SH 10/30/2002 04/13/2004 19,019 .55 15,915 .00 3,104 .55 300 . #REORG/NEWS CORP LTD SPONS

ADR SCHEME OFARRANGEMENT 10/30/2002 04/13/2004 10,298 .75 5,961 .00 4,337 .75 500 . PEPSICO INC COM 10/30/2002 04/13/2004 27,504 .35 22,060 .00 5,444 .35 1400 . PFIZER INC COM STK $ .11

1/9 PAR 10/30/2002 04/13/2004 49,628 .83 44,377 .62 5,251 .21 300 . PROCTER & GAMBLE CO COM 10/30/2002 04/13/2004 31,892 .25 26,610 .00 5,282 .25 25 . RES CONNECTION INC COM 11/18/2002 04/13/2004 1,106 .34 471 .35 634 .99 25 . RES CONNECTION INC COM 11/18/2002 04/13/2004 11101,88 471 .35 630 .53 100, RES CONNECTION INC COM 11/18/2002 04/13/2004 4,390 .57 1,885 .40 2,505 .17 200 . ROYAL DUTCH PETRO N .Y

REGISTRY SH PAR N 1 .25 6 10/30/2002 04/13/2004 9,757 .77 8,316 .00 1,441 .77 50 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/13/2004 1,404,63 547 .50 857 .13

400 . TARGET CORP COM 10/30/2002 04/13/2004 17,663 .58 12,250 .00 5,413 .58 200 . TIME WARNER INC NEW COM 10/30/2002 04/13/2004 3,383 .92 2,880 .00 503 .92 100, UNITED PARCEL SVC INC CL B 10/30/2002 04/13/2004 7,038 .83 6,105 .00 933 .83 500, WAL-MART STORES INC COM 10/30/2002 04/13/2004 28,404 .33 27,250 .00 1,154 .33 500 . WALGREEN CO COM 10/30/2002 04/13/2004 16,614 .61 17,082 .90 -468 .29 100 . ACCREDO HLTH INC COM 11/13/2002 04/14/2004 3,727 .94 3,519 .25 208 .69 50 . #REORG/INVERSK RESH GROUP

INC CASH & STKMERGER TO 04/04/2003 04/14/2004 1,392 .63 713 .25 679 .38 25 . RES CONNECTION INC COM 11/18/2002 04/14/2004 1,086 .18 471 .35 614 .83 100 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/14/2004 2 .801 .93 1,095 .00 1,706 .93 50 . ACCREDO HILTH INC COM 11/13/2002 04/15/2004 1,880 .26 1,759 .62 120 .64 10 . #REORG/INVERSK RESH GROUP

INC CASH & STKMERGER TO 04/04/2003 1 04/15/2004 276 .64 142 .65 133 .99

Totals



325 . #REORG/INVERSK RESH GROUP INC CASH & STKMERGER TO 04/04/2003 04/15/2004 9,031 .53 4,636 .12 4,395 .41

25 . RES CONNECTION INC COM 11/18/2002 04/15/2004 1,072 .22 471 .35 600 .87 175 . ACCREDO HLTH INC COM 11/13/2002 04/16/2004 6,704 .31 6,158 .68 545 .63 25 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/16/2004 695 .73 273 .75 421 .98

35000 . TIMES MIRROR CO NEW NT 7 .45 DUE 10-15-2009/04-1 10/02/2002 04/16/2004 41,662 .60 40,353 .49 1,309 .11

65000 . TIMES MIRROR CO NEW NT 7 .45 DUE 10-15-2009/04-1 10/02/2002 04/16/2004 77,373 .40 74,942 .21 2,431 .19

100 . ACCREDO HILTH INC COM 11/13/2002 04/20/2004 3,920 .36 3,519 .25 401 .11 100 . ACCREDO HILTH INC COM 11/13/2002 04/20/2004 3,889 .26 3,519 .25 370 .01 25 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/20/2004 703 .73 273 .75 429 .98 75 . ACCREDO HLTH INC COM 11/13/2002 04/21/2004 2,914 .30 2,639 .43 274 .87 25 . ACCREDO HILTH INC COM 11/13/2002 04/21/2004 973 .72 879 .81 93 .91

975 . PEC SOLUTIONS INC COM STK 04/04/2003 04/21/2004 11,796 .05 11,730 .05 66-00 75 . PEC SOLUTIONS INC COM STK 03/05/2003 04/21/2004 904 .09 1,332 .97 -428 .88 25 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/21/2004 691 .42 273 .75 417 .67 100 . ACCREDO HILTH INC COM 1j/13/2002 04/22/2004 3,914 .36 3,519 .25 395 .11 50 . ACCREDO HLTH INC COM 11/13/2002 04/22/2004 1,957 .79 1,759 .62 198 .17 50 . PEC SOLUTIONS INC COM STK 04/09/2003 04/22/2004 608 .71 628 .01 -19 .30 75 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/22/2004 2,084 .01 821 .25 1,262 .76 25 . SYMYX TECHNOLOGIES INC COM 11/13/2002 04/22/2004 691 .66 273 .75 417 .91 25 . ACCREDO HLTH INC COM 11/13/2002 04/23/2004 1,000 .83 879 .81 121 .02

750 . PIRTY HEALTHCARE CORP CL B 11/21/2002 04/23/2004 15,041 .19 16,312 .59 -1,271 .40 25 . WEST CORP COM 11/13/2002 04/23/2004 650 .98 416 .75 234 .23 125 . ACCREDO HILTH INC COM 11/13/2002 04/26/2004 5,018 .38 4,399 .06 619 .32

1200 . ADTRAN INC COM 02/26/2003 04/26/2004 31,817 .37 19,392 .36 12,425 .01 1600 . ADTRAN INC COM 02/26/2003 04/26/2004 42,170 .85 25,856 .48 16,314 .37

75 . PIRTY HEALTHCARE CORP CL 8 11/27/2002 04/26/2004 1,513 .36 1,733 .68 -220 .32 25 . WEST CORP COM 11/13/2002 04/26/2004 649 .61 416 .75 232 .86

.5 HIBBETT SPORTING GOODS INC COM 11113/2002 04/27/2004 12 .641 5 .51 7 .13

100 . WEST CORP COM 11/13/2002 04/27/2004 2,605 .93 1,667 .00 938 .93 100 . ACCREDO HILTH INC COM 11/13/2002 04/29/2004 3,849 .89 3,519 .25 330 .64

Totals 100 . ACCREDO HILTH INC COM 11/13/2002 04/29/2004 3,856 .34 3,519 .25

1 337 .09

JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42

JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 16 :15 :42



225 . TARO PHARMACEUTICAL IND ORD ILS1 11/14/2002 04/29/2004 10,176 .06 8,127 .00 2,049 .06

700 . TARO PHARMACEUTICAL IND ORD ILS1 11/14/2002 04/29/2004 31,711 .42 25,284 .00 6,427 .42

75 . WEST CORP COM 11/13/2002 04/30/2004 1,869 .45 1,250 .25 619 .20 50 . TARO PHARMACEUTICAL IND

ORD ILS1 11/14/2002 04/30/2004 2,218 .63 1,806 .00 412 .63 150 . #REORG/INVERSK RESH GROUP

INC CASH & STKMERGER TO 04/04/2003 05/03/2004 4,666 .26 2,139 .09 2,527 .17 25 . #REORG/INVERSK RESH GROUP

INC CASH & STKMERGER TO 04/04/2003 05/03/2004 774 .10 356 .00 418 .10 200 . ODYSSEY HEALTHCARE INC COM 11/14/2002 05/03/2004 3 .488 .37 3,159 .20 329 .17 25 . ODYSSEY HEALTHCARE INC COM 11/14/2002 05/03/2004 440 .23 394 .90 45 .33 50 . ODYSSEY HEALTHCARE INC COM 11/14/2002 05/03/2004 878 .02 789 .80 88 .22 50 . ODYSSEY HEALTHCARE INC COM 11/14/2002 05/03/2004 869 .97 789 .80 80 .17

200, ODYSSEY HEALTHCARE INC COM 11/14/2002 05/03/2004 3,481 .91 3,159 .20 322 .71 175 . WEST CORP COM 11/13/2002 05/03/2004 4,328 .93 2,917 .25 1,411 .68 450 . WEST CORP COM 11/13/2002 05/03/2004 11,280 .83 7,501 .50 3,779 .33 500 . HALLIBURTON CO COM 03/11/2003 05/04/2004 15,048 .59 10,143 .45 4,905,14 100 . #REORB/INVERSK RESH GROUP

INC CASH & STKMERGER TO 04/04/2003 05/04/2004 3,001 .64 1,424 .00 1,577 .64 175 . ODYSSEY HEALTHCARE INC COM 11/14/2002 05/04/2004 3,243 .63 2,764 .30 479 .33 125, ODYSSEY HEALTHCARE INC COM 11/14/2002 05/04/2004 2,319 .29 1,974 .50 344 .79 75 . WEST CORP COM 11/13/2002 05/04/2004 1,886 .28 1,250 .25 636 .03 75 . WEST CORP COM 11/13/2002 05/04/2004 1,900 .45 1,250 .25 650 .20

1800 . HALLIBURTON CO COM 03/11/2003 05/05/2004 52 .443 .03 36 .516 .42 15,926 .61 1900 . HALLIBURTON CO COM 03/11/2003 05/05/2004 55 .754 .00 38,545 .11 17,208 .89 50 . #REORG/INVERSK RESH GROUP

INC CASH & STKMERGER TO 04/04/2003 05/05/2004 1,452 .97 712 .00 740 .91 50 . ODYSSEY HEALTHCARE INC COM 11/14/2002 05/05/2004 921 .38 789 .80 131 .58 75 . ODYSSEY HEALTHCARE INC COM 11/14/2002 05/05/2004 1,385 .91 1,184 .70 201 .21 100 . ODYSSEY HEALTHCARE INC COM 11/14/2002 05/05/2004 1,834 .89 1,579 .60 255 .29

1225 . DOLLAR TREE STORES INC COM 01/29/2003 05/06/2004 32,091 .42 29,225 .80 2,88R .69 300 . HALLIBURTON CO COM 1 03/11/2003 05/06/2004 8,785,20 : 6,086 .071 2,699,131


JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42


Gross Sales Cost or Other Price Basis

1,400 .13 711 .50

696 .60 355 .75 2,322 .44 1,877 .50 7,627 .32 7,995-11 4,846 .99 2,834 .86 4,837 .02 2,834 .87

1,461 .23 1,362 .35 5,092 .61 5,436 .~_2

565 .06 525-00 1,123 .35 1,050 .00 4,354 .75 2,596 .20

11,562 .88 6,923 .20 1-282-AS 1 089 .05

444 .94 -367 .79

2,012-13 2,002 .15

98 .88 -343 .61

40 .06 73 .35

1,758 .55 4,639 .681

194-91 853 .98

1,027 .51

4,828 .99 514 .43 -151 .59

1,302 .18 -226 .91 53 .85 418 .96 253 .04 81 .73

2,761 .36 -216 .21 -792 .62 112 -5C 427 .02 266 .51

1,667 .00

1,065 .00

4,975 .51 2,253-00 1,776 .69 1,889 .91 3,223 .08 1,050-00

833-50 1,126 .50 375 .50

3,779 .82 3,253 .44 8,856 .43 2,100-00

833 .5C 1,126 .50

9,804 .50 2,767 .43 1,625 .10 3,192 .09 2,996,17 1,103 .85 1,252 .46 1,379 .54 457 .23

6,541 .18 3,037 .23 8,063 .81 2,212 .50 1,260 .52 1 .393 .01

JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42


Date I Date

50, #REORG/INVERSK RESH GROUP INC CASH & STKMERGER TO 04/04/2003 05/11/2004

25, #REORG/INVERSK RESH GROUP INC CASH & STKMERGER TO 04104/2003 05/11/2004

125 . MOVIE GALLERY INC COM 12/18/2002 05/11/2004 450 . MYRIAD GENETICS INC COM 11/13/2002 1 05/11/2004 75 . PEDIATRIX MED GROUP COM 11/13/2002 05/11/2004 75 . PEDIATRIX MED GROUP COM 11/13/2002 05/11/2004 50 . PHARMACEUTICAL PROD DEV

INC COM 05/05/2003 05/11/2004 250 . PRTY HEALTHCARE CORP CL B 12/03/2002 05/11/2004 25 . RENAISSANCE LEARNING INC 1 1/13/2002 05/11/2004 50 . RENAISSANCE LEARNING INC 11/13/2002 05/11/2004 150 . RENT A CTR INC NEW COM 11/13/2002 05/11/2004 400 . RENT A CTR INC NEW COM 11/13/2002 05/11/2004 25 . TCF FNCL CORP COM 12/24/2002 05/11/2004

100 . WEST CORP COM 11/13/2002 05/11/2004 75 . #REORG/INVERSK RESH GROUP

INC CASH & STKMERGER TO 04104/2003 05/12/2004 350 . #REORG/INVERSK RESH GROUP

INC CASH & STKMERGER TO 04704/2003 05/12/2004 150 . MOVIE GALLERY INC COM 12/18/2002 05/12/2004 100 . MYRIAD GENETICS INC COM 11/13/2002 05/12/2004 50 . PEDIATRIX MED GROUP COM 11/13/2002 05/12/2004 150 . PRTY HEALTHCARE CORP CIL B 12/03/2002 05/12/2004 50 . RENAISSANCE LEARNING INC 11/13/2002 05/12/2004 50 . WEST CORP COM 11/13/2002 05/12/2004 75 . MOVIE .GALLERY -INC COM 12/18/2002 05/13/2004 25 . MOVIE GALLERY INC COM 12/18/2002 05/13/2004 100 . PEDIATRIX MED GROUP COM 11/13/2002 05113/2004 150 . PRTY HEALTHCARE CORP CL B 01/16/2003 05/13/2004 400 . PRTY HEALTHCARE CORP CL B 04/28/2003 05/13/2004 100 . RENAISSANCE LEARNING INC 11/13/2002 05/13/2004 50 . WEST CORP COM 11113/2002 05/13/2004 75 . MOVIE GALLERY INC COM 12/18/2002 05/14/2004

Long-term


Date Date Acquired Sold

12/18/2002 05/14/2004 12/18/2002 05/14/2004 04/28/2003 05/14/2004 11/13/2002 05/14/2004 11/13/2002 05/14/2004 11/13/2002 05/14/2004

11/13/2002 05/17/2004 11/13/2002 05/17/2004 11/13/2002 05/17/2004 11/13/2002 05/17/2004 11/13/2002 05/17/2004

11/13/2062 05/18/2004

11/13/2002 05/18/2004 11/13/2002 05/1812004 11/13/2002 05/18/2004 11/1312002 05/18/2004 11/13/2002 05/18/2004 11/13/2002 05/18/2004 11/13/2002 05/18/2004 11/13/2002 05/1812004 11/13/2002 05/18/2004 11/13/2002 05/18/2004

11/13/2002 05/19/2004 11/13/2002 05/19/2004 11/13/2002 05/19/2004 11/13/2002 05/19/2004 11/13/2002 05/19/2004 11/13/2002 05/19/2004 11/13/2002 1 05/1912004

Description 25 . MOVIE GALLERY INC COM

20,894 .56 15,460 .62 422 .94 444 .17 421 .31 444 .17

7,107 .93 4,327 .00 2,341 .07 1,095 .00

986 .47 736 .22

26,576 .69 19,877 .94 16,199 .01 11,104 .31 1,610 .33 944 .95 4,816 .96 2,834 .87 2,147 .98 2,100 .00 4,274 .89 2,596 .20 7,121 .33 4,327 .00 11,388 .33 6,923 .20 4,074 .09 1,916 .25

614 .35 416 .75

20,717 .95 15,460 .62 844 .32 888 .3E

12,670 .86 7,559 .64 1,078 .84 1,050 .OC

10,034 .23 6,057 .8C 2,861 .43 1,730 .8C 2,959 .47 1,368 .7E

6 .834 .111 5 .153-5~

625 . MYRIAD GENETICS INC COM -25 . PEDIATRIX MED GROUP COM 75 . PEDIATRIX MED GROUP COM 100 . RENAISSANCE LEARNING INC 150 . RENT A CTR INC NEW CO 250 . RENT A CTR INC NEW COM 400 . RENT A CTR INC NEW COM 175 . SYMYX TECHNOLOOIES INC CO 25 . WEST CORP COM

~25 . C H ROBINSON WORLDWIDE IN COM

50 . MYRIAD GENETICS INC COM U0 . PEDIATRIX MED GROUP COM 50 . RENAISSANCE LEARNING INC

-550 . RENT A CTR INC NEW CO 100 . RENT A CTR INC NEW COM 125 . SYMYX TECHNOLOGIES INC CC 175 . C H ROBINSON WORLDWIDE IN

JSA

3FOO70 1 000 _ ARP650 656U 12/09/2004 15 :15 :42

75 . MOVIE GALLERY INC COM 250, PRTY HEALTHCARE CORP CL B 200 . RENAISSANCE LEARNING INC 175 . RENAISSANCE LEARNING INC 25 . WEST CORP COM

525 . C H ROBINSON WORLDWIDE INC COM

25 . MYRIAD GENETICS INC COM 25 . MYRIAD GENETICS INC COM

250 . RENT A CTR INC NEW COM 100 . SYMYX TECHNOLOGIES INC COM 25 . C H ROBINSON WORLDWIDE NNE

Gross Sales Cost or Other Price Basis 463 .27 375 .50

1,388 .21 1,126 .50 5,111 .80 5,737 .50

1 4,430 .471 4,200 .00 1 3,858 .371 3,675 .00 1 Rqq - qAl 416 .76

Long-term

261 .71 -625 .7C 230 .4-j

- /- 1 -22 780

250 .25

6,698 .75 -905 .30 665 .38

1,982 .09 47 .98

1,678 .69 2,794 .33 4 .465 .131

257 .33 -44 .03 111 .22 28 .84 976 .43 130 .63 690 .72


Gross Sales I Cost or Other Long-term Gain/Loss

-44 .18 609 .55 58 .52 533 .56 605 .72

709 .89 483 .29 -217 .58 67 .39

3,212 .17

1,248 .84 1 143 .96 1 953 .53 -325 .48

59 .05 614 .49

1 .637 .62 1 '151 .58 -227 .40

49 .99 1 .903 .41 579 .01 65 .22 24 .04

1 .60 4,949 .26

-2 .67 11,947 .08 1,036 .16 1,669 .34

89,387 .31 12,751 .2

'1

5 -2 .105

1

Basis 444 .17 944 .96

2,100 .00 865 .40 547 .50

2,000 .00 2,253 .00 2,220 .86 3,150 .00 5,192 .40

3,500 .00 4,400 .00 7,275 .40 4,441 .73 2,625 .00

547 .50 5,796 .52 3,568 .83 3,109 .21 2,100 .00 1,642

' 50

4,643 30 3 .67 1,050 .00 525 .00

2,087 .46 1,575 .00

36,556 .02 18,588 .6~

695 .82 324,331 .31 40,617 .80 37 .170 .00

1,554 .51 2,158 .52 1,398 .96 1,153 .22

2,709 .89 2,736 .29 2,003,28 3,217 .39 8,404 .57

4,748,84 5,543 .96 9 .228 .93 4,116 .25 2,684 .05 11161 .99 7,434 .14 4,720 .41 2,881 .81 2,149 .99 3,545 .91 5,222 .31 3,740 .22 1,074 .04 526 .60

7,036 .72 1,572 .33

48,503 .10 19,624 .83 2,365 .16

513,718 .62 53 .369 .05

25 . MYRIAD GENETICS INC COM 25 . PEDIATRIX MED GROUP COM 00 . RENAISSANCE LEARNING INC 50 . RENT A CTR INC NEW COM 50 . SYMYX TECHNOLOGIES INC CO 00 . YANKEE CANDLE CO COM ISIN

150 . MOVIE GALLERY INC COM 125 : MYRIAD GENETICS INC COM 150 . RENAISSANCE LEARNING INC 300 . RENT A CTR INC NEW COM 175, YANKEE CANDLE CO COM ISIN

US9847571042 300 . MOVIE GALLERY INC COM 500 . MOVIE GALLERY INC COM 250 . MYRIAD GENETICS INC COM 125 . RENAISSANCE LEARNING INC 50 . SYMYX TECHNOLOGIES INC CO

400 . MOVIE GALLERY INC COM 250, MOVIE GALLERY INC COM 175 . MYRIAD GENETICS INC COM 100 . RENAISSANCE LEARNING INC 150 . SYMYX TECHNOLOGIES IN 275 . MOVIE GALLERY INC COM 175 . RENAISSANCE LEARNING INC 50 . RENAISSANCE LEARNING I-RC 25 . RENAISSANCE LEARNING INC

300 . ILEX ONCOLOGY INC COM 75 . RENAISSANCE LEARNING INC

900 . EOG RESOURCES INC COM 770 . HOSPIRA INC COM 100 . ILEX ONCOLOGY INC COM ;947 . AMERN INTL GROUP INC COM 000 . EOG RESOURCES INC COM

I

JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42


11/13/2002 05/20/2004 11/13/2002 05/20/2004 11/13/2002 05/20/2004 11/13/2002 05/20/2004

05/19/2003 05/20/2004 12/18/2002 05/21/2004 11/13/2002 05/21/2004 11/13/2002 05/21/2004 11/13/2002 05/21/2004

05/19/2003 05/21/2004 01/16/2003 05124/2004 01/29/2003 05/24/2004 11/13/2002 05/24/2004 11/13/2002 05/24/2004 11113/2002 05/24/2004 01130/2003 05/25/2 01/31/2003 05/25/2004 11/13/2002 05/25/2004 11/13/2002 05/25/2004 11/13/2002 05/25/2004 04/22/2003 05/26/2 11/13/2002 05/26/2004 11/13/2002 05/27/2004 11/13/2002 05128/2004 11/13/2002 06/01/2004 11/13/2002 06/01/2004 03/13/2003 06/02/2004 12/28/1999 06/02/2004 11/13/2002 06/02/2004 01/01/1998 06/03/2004 03/13/2003 06/03/2004 10/2019002 06103/2004

JSA

3FOO70 1 000 _ ARP650 656U 12/09/2004 15 :15 :42



1800, FORD MTR CO CAP TR 11 TR 05/06/2002 06/03/2004 95,397 .76 103,017 .96 -7,620 .20 3400 . FORD MTR CO CAP TR 11 TR 05/06/2002 06/03/2004 180, 324 . 63 94, 589 .48 -14,264 .85 1700 . ROYAL DUTCH PETRO N .Y

REGISTRY SH PAR N 1 .25 6 09/05/1989 06/03/2004 85,643 .99 28,127 .13 57,516 .86 500 . EOG RESOURCES INC COM 03/13/2003 06/04/2004 26,076 .94 20,308 .90 5,768 .04 400 . HASBRO INC COM 04/22/2003 06/04/2004 7,631 .98 6,399 .64 1,232 .34 150 . ILEX ONCOLOGY INC COM 11/13/2002 06/04/2004 3,533 .69 1,043 .73 2,489 .96 200 . HASBRO INC COM 04/22/2003 06/07/2004 3,842 .42 3,199 .82 642 .60 200 : HASBRO INC COM 04/22/2003 06/07/2004 3,852 .90 3,199 .82 653 .08 700 . HASBRO INC COM 04/22/2003 06/07/2004 13,478 .39 11,199 .37 2,279 .02 150 . ILEX ONCOLOGY INC COM 11/13/2002 06/07/2004 3,552 .35 1,043 .73 2,508 .62

1000 . HASBRO INC COM 04/22/2003 06/08/2004 19,294 .74 15,940 .78 3,353 .96 25 . ILEX ONCOLOGY INC COM 11/13/2002 06/08/2004 590 .98 173 .96 417 .02

800 . HASBRO INC COM 04/22/2003 06/09/2004 15,566 .91 12,740 .96 2,825 .95 100 . HASBRO INC COM 04/22/2003 06/10/2004 1,906 .14 1,592 .62 313 .52 25 . NASSDA CORP COM 11/21/2002 06/14/2004 118 .76 309 .85 -191 .09 25 . NASSDA CORP COM 11/21/2002 06/14/2004 117 .79 309 .85 -192 .06 25 . NASSDA CORP COM 11/21/2002 06/14/2004 115 .49 309 .85 -194 .36 150 . ILEX ONCOLOGY INC COM 11/13/2002 06/15/2004 3,537 .65 1,043 .73 2,493 .92

250 . ILEX ONCOLOGY INC COM 11/13/2002 06/16/2004 5,950 .89 1,739 .55 4,211 .34 125 . ILEX ONCOLOGY INC COM 11/13/2002 06/16/2004 2,973 .96 869 .77 2,104 .19 25 . ICU MED INC COM 11/13/2002 06/17/2004 882 .16 -997 .25 -165 .09 150 . ILEX ONCOLOGY INC COM 11/13/2002 06/17/2004 3,571 .61 1,043 .73 2,527 .88 25 . ICU MED INC COM 11/13/2002 06/18/2004 824 .99 997 .25 -172 .26 50 . ICU MED INC COM 11/13/2002 06/18/2004 1 .647 .46 1,994 .50 -347 .04 75 . ICU IVIED INC COM 11/13/2002 06/18/2004 2,471 .89 2,991 .75 -519 .86

250 . ILEX ONCOLOGY INC COM 11/13/2002 06/18/2004 6,002 .63 1,739 .55 4,263 .08 500 . UTSTARCOM INC COM 11/14/2002 06/18/2004 14,884 .65 8,926 .75 5,957 .90 125 . UTSTARCOM INC COM 11/14/2002 06/18/2004 3,709 .50 2,231 .69 1,477 .81 50 . ICU MED INC COM 11/13/2002 06/21/2004 1,648 .70 1,994 .50 -345 .80 75 . ICU MED INC COM 11/13/2002 06/21/2004 2,471 .58 2,991 .75 -520 .1-7

200 . ILEX ONCOLOGY INC COM 11/13/2002 06/21/2004 4,825 .92 1,391 .64 3,434 .2E 25 . ICU MED INC COM 11/13/2002 06/22/2004 822 .83 997 .25 -174 .42 25 . ICU MED INC COM 11/13/2002 06/22/2004 824 .27 997 .25 -172 .9E 50 . ILEX ONCOLOGY INC COM 1 11/13/20029 06/22/2004 1,202 .381 347 .911 854 .4_~

Totals I I


Gross Sales Cost or Other Price Basis 4,867 .80 1,391 .64 4,291 .25 1 217 .69 1,840 .14 521 .86

20,434 .52 3,289 .16 55 251,701 11 779 .6-3


11/13/2002 06/23/2004 11/13/2002 06124T2664 11/13/2002 06/25/2004 06/01/1990 06/28/2004 05/05/1989 06/28/2004 05/28/1999 06/28/2004 10/04/2001 06/28/2004

A 07/09/2002 06/28/2004 R PLC 09/23/2002 06/28/2004

06/13/1994 06/28/2004 10/19/1993 06/28/2004 05/12/1992 06/28/2004 08/25/1999 06/28/2004 06/11/1993 06/28/2004 05/05/1989 06/28/2004 10/04/2001 06/28/2004 04/19/1993 06/28/2004 05/06/1989 06/28/2004 06/01/1990 06/28/2004 11/13/2002 06/28/2004 09/27/1995 06/28/2004 10/15/1999 06/28/2004

SAM 04130/1998 06/28/2004 05/22/1992 06/28/2 02/04/2002 06/28/2004 12/06/1996 06/28/2004 05/12/1999 06/28/2004 12/0311998 06/28/2004 05/26/1992 06/28/2004 05/26/1992 0612812004

M M 05/06/1998 06/28/2004

12103/1998 1 06/28/2004

Long-term Gain/Loss 3,476-16 3,073 .56 1,318 .28

17,145-36 43,472 .07 4,863 .521 -2,208 .51

902 .23

6,453 .12 13,314 .56 32,033 .96 34,936 .05 1,072 .84 6,185 .21

45,147 .59 -536 .15

24,619 .58 33,906 .59 2,332 .37 1 .774 .44

34,458 .95 .-3,700 .92

7,190 .38 25,783 .09 :-1 . 917 .79 10,684 .90 -6,150 .25 6,242 .38 3, 075 . 4E

21 436 .7E

2,307 .74 -3 .081 .4~

200 . ILEX ONCOLOGY INC COM 175 . ILEX ONCOLOGY INC COM -75 . ILEX ONCOLOGY INC COM 500 . ABBOTT LAB COM 100 . ALTRIA GROUP INC COM 400 . AMER EXPRESS CO COM 300 . AMERN INTL GROUP INC COM 300 . ANHEUSER BUSCH COS INC CO 500 .-ADR BP P L C SPONSORED AD

05/ SPONSORED ADR SP 200 . CHEVRONTEXACO CORP COM 800 . CITIGROUP INC COM 800 . COCA COLA CO COM 300 . COLGATE-PALMOLIVE CO COM 200 . EMERSON ELEC CO COM 300 . EXXON MOBIL CORP COM 100 . FHLMC COM 400 . FNMA COM STK 200 . GEN ELEC CO COM 100 . HOSPIRA INC COM 100 . ILEX ONCOLOGY INC COM 700 . INTEL CORP COM 200 . INTL BUSINESS MACHS CORP 500 . JPMORGAN CHASE & CO COM

CHASE &CO CU REMAINS 600 . JOHNSON & JOHNSON COM 3 0 . KRAFT FOODS INC CL A 400 . MARSH & MCLENNAN CO'S INC 400 . MC DONALDS CORP COM 200 . MCGRAW HILL COMPANIES INC 100 . MEDCO HLTH SOLUTIONS INC 600 . MERCK & CO INC COM 200 . MERRILL LYNCH & CO INC CO

STK SEE 59021S COM CC 900 . MICROSOFT CORP COM

5,565 .15 5,513 .00 16,263 .75 6,112 .50

12,558 .05 6,831 .00 3,943 .75 4,900 .50

453 .56 695-82

12,595 .94 21,542 .50

11,879 .11 7,108 .13 11,232 .57 7,326 .67 16,810 .00 9,271 .25

559 .43 6,894 .58

8,590 - OC 28 .757 .81

19,069 .55 32,891 .22 9,314 .78

18,011 .571 10,659 .75 15,513 .63 3,634 .91

28,331 .33

10,897 .74 25 .676 .39

JSA

3FO970 1 000 _ ARP650 656U 12/09/2004 15 :15 :42

20

26,831 .37 18,627 .5i~ 37 .599 .11 40,449 .05 17,336 .59 12,297 .71 57,705 .64 6,294 .85

28,563 .33 38,807 .09 2,785 .93 2,470 .26

47,054 .89 17 .841 .68

15,620 .0 23,868 .0 15,282 .3

20 .378 .2

Totals

LZEM9-i7L RIa sasso-I puu supD lul!deo Lwai-buo-j 10 HICIOCI (] alnpE)qoS *'auI 'UOTIPPUnOa TTUBN

Statement 17

Menil Foundation, Inc . EIN : 74-6045327

06/30/04

Explanation of Fair Market Value of Art

The Menil Foundation, Inc . operates an art museum and as such owns a substantial art collection . The following excerpt from the Notes to the audited Financial Statements explains the accounting for these assets for the Foundation's books and records .

"Works of Art - In accordance with SFAS No . 116, "Accounting for Contributions Received and Contributions Made," works of art purchased by or donated to the Foundation are capitalized and recorded at cost or at their fair value on the date of the gift as determined by a qualified appraisal . These values are not adjusted for appreciation or depreciation of the art in subsequent years : consequently, the amounts reported as "Works of Art" in the Statement of Financial Position are not indicative of the current value of the collection . Although the majority of museums do not capitalize their works of art, the Foundation's treatment is the preferred method as prescribed by SFAS No . 116, and any change would not be in accordance with accounting principles generally accepted in the United States of America ."

The Foundation therefore does not have available the fair market value of its art except for those items it may have received in the current year . Due to the expense and logistics of a qualified appraisal, accumulating current fair market value annually is prohibitive and therefore not done .

In conclusion, the Foundation reports in Part II, column (c) as the fair market value of the "Works of Art" the same amount it reports for Book Value column (b) . This by no means reflects the true fair market value at the year end, but is the best representation available .

Statement 18


06/30/04

Form 990-PF, Part VII-B, Line 3 : Explanation of Greater Than 2% Ownership

On January 26, 1999, The Menil Foundation Inc . ("the Foundation")a Texas Non-Profit Corporation, received as a bequest from the Estate of Dominique de Menil all of the stock of The Richmont Corporation .

After appropriate changes in its articles of incorporation, the IRS has determined that The Richmont Corporation is a corporation exempt from Federal income tax under Section 501(a) of the IRC .

As of the beginning of the tax year ended December 31, 1999, the Richmont Corporation is a "title holding company" pursuant to Section 501(c)(2) . The Richmont Corporation owns an apartment complex which generates passive rental activity income from recurring rentals of the apartments .


06/30/04

Director and Officer

Name Address Title & Hrs Compensation Benefit Plans Other Josef Helfenstien 6630 Westchester Director 126042 11,386

Houston, Tx 77005 40

Ervin C Moore 49 Briar Hollow Lane Chief Financial Officer 165708 3871 # 2101 40 Houston, Tx 77027

Miles Glaser 1111 Hermann Dr. Director Emeritus NONE NONE NONE # 18A 0 Houston, Tx 77004

Louisa Stude Sarofim 1519 Branard President NONE NONE NONE Houston, Tx 77006 15

James A Elkins, Jr. 1519 Branard Vice Pres & Treasurer NONE NONE NONE Houston, Tx 77006 5

Adelaide do Menil Secretary NONE NONE NONE Carpenter 1519 Branard 3

Houston, Tx 77006

Christopho do Monil 1519 Branard Trustee NONE NONE NONE Houston, Tx 77006 1

Frances Dittmer 1519 Branard Trustee NONE NONE NONE Houston, Tx 77006 1

Janie C Lee 1519 Branard Trustee NONE NONE NONE Houston, Tx 77006 1

Roy L Nolen 1519 Branard Trustee NONE NONE NONE Houston, Tx 77006 1

Francesco Pellizzi 1519 Branard Trustee NONE NONE NONE Houston, Tx 77006 1

Harry C Pinson 1519 Branard Trustee NONE NONE NONE Houston, Tx 77006 1

George Stark 1519 Branard Trustee NONE NONE NONE Houston, Tx 77006 1

Charles Bagley Wright 1519 Branard Trustee NONE NONE NONE Houston, Tx 77006 1

Michael Zilkha 1519 Branard Trustee NONE NONE NONE Houston, Tx 77006 1

$ 291,750 $ 3,871 $11,386

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Statement 20

I


Form 990-PF fye 06/30/04

Statement Explaining Change in Accounting Year

For the years prior to 2001, the Menil Foundation filed Form 990-PF on a calendar year basis .

Beginning with the first year ending after December 31, 2000, the Menil Foundation changed it's accounting period pursuant to Revenue Procedure 85-58, by filing Form 990-PF with a new year end, June 30 .

As a result for 2001, the Menil Foundation filed a short year return for the accounting period beginning January 1, 2001 and ending June 30, 2001 . It subsequently filed a return for the fiscal year beginning July 1, 2001 and ending June 30, 2002 .

I

MENIL FOUNDATION, INC . EIN : 74-6045327

06/30/04

SUMMARY OF DIRECT CHARITABLE ACTIVITIES :

1) Operation of the Menil Art Museum, Houston, Texas : Includes lectures, conservation, management and exhibition of artworks . Also, staging and/or planning of 2 major art exhibitions, 3 minor exhibitions and payment of expenses of exhibitions staged in prior years or planned in future as well as publication of books (not exhibition catalogs) . 6,828,909 .

2) Image of the Black : Research, writing & editing of a multi-volume treatise on the depiction of Blacks in Western Art and maintenance of the related archives . 225,143 .

3) Writers in The Schools Program : The Menil Foundation hired an unrelated non-profit organization to provide an educational program for school children at the Menil Art Museum . 100,210 .

Total $ 7,154,262 .

STATEMENT 21

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FN : MENLEXPL Menil Foundation, Inc . EIN : 74-6045327 06/30/04

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

Line No . : Explanation :

1 (a) Books are published by the Foundation to convey educational information on its collection of art or to provide information gathered through its research projects in art history and philosophy . Film royalties are earned when films to which the Foundation owns copyright are shown, primarily at educational institutions .

Reproduction rights are charged to other institutions which periodically use reproductions of the Menil Collection art to complete educational art books which they publish . Fees primarily cover the expenses incurred in processing such requests .

1(b) Cost sharing reimbursements include payments from other organizations to reimburse the Foundation for costs of putting on a joint exhibition or for staging shows of the Foundation's collection at other museums, repairing artwork loaned to the museum and labor and other costs of shipping art on loan to other museums .

Miscellaneous income includes sale through the museum at $1 .00 each of old posters and books donated to the Museum which were not held in connection with the bookstore .

1 (c) The museum includes a bookstore in which catalogues, books and other items related to the art exhibited are sold . The purpose of the bookstore sales is to further the education of the public about the art and artists represented in the museum .

STATEMENT 23

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