990s.foundationcenter.org990s.foundationcenter.org/990pf_pdf_archive/396/...Return ofPrivate...

Return of Private Foundation OMB No 1545-0052Form 990-PF

or Section 4947(a)(1) Nonexempt Charitable Trust ®0Department of the Treasury Treated as a Private FoundationInternal Revenue Service Note . The foundation may be able to use a copy of this return to satisfy state reporting requirements

For calendar year 2008 , or tax year beginning , and endingAl--.. ..11 • .1.. I I I.. A,..1 -..^..,, 1 1 A.wnnA,,,1 .n+„..n AAA-. ..I.wnnn I 1 111........

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Use the IRS Name of foundation A Employer identification number

label.Otherwise , Y & KAY ECKSTEIN CHARITABLE TRUST 39-6786592

print Number and street (or P O box number if mail is not delivered to street address) Room suite B Telephone numberortype . 975 ALBEN BARKLEY DRIVE 2 ( 270 ) 534-8930

See SpecificInstructions . City or town, state, and ZIP code C If exemption application is pending , check here

ADUCAH KY 42001 D 1 • Foreign organizations, check here ►H Check type of organization L1 Section 501 (c)(3) exempt private foundation 2 check here and attach computation

85%5% test, ►

= Section 4947 ( a )( 1 ) nonexem pt chartable trust 0 Other taxable p rivate foundation E If ft d t t t t t dI Fair market value of all assets at end of year J Accounting method = Cash 0 Accrual

priva oune a ion s us was erminaa eunder section 507(b)(1)(A), check here

(from Part ll, col (c), line 16) Other (specify) MODIFIED CASH F If the foundation is in a 60-month termination► $ 49 , 427 , 558 . (Pert 1, column (co must be on cash basis.) under section 507 ( b )( 1 ) B), check here ►pad I Analysis of Revenue and Expenses ( a) Revenue and (b ) Net Investment (c) Adjusted net (d) D isbursements

(The total of amounts in columns ( b), (c), and (d) may not

necessarily equal the amounts in column (a)) expenses per books income income for chartable purposes(cash basis only)

1 Contributions, gifts, grants, etc , received 4,000,000. N A

2 Check ►a it the foundation is not required to attach Sch B

3 cash sv

tsmentssand temporary

378,121. 378,121 STATEMENT 2

4 Dividends and interest from securities 1,694,761. 1,694,761 . STATEMENT 35a Gross rents

b Net rental income or (loss)

6a Net gain or (loss) from sale of assets not on line 10 < 17,334,980. P' TATEMENT 1Gross sales price for all 78 , 864 , 157.assets on line 6a

7 Capital gain net income (from Part IV, line 2) 0.

cc 8 Net short-term capital gain

9 Income modificationsGross sales less returns

10a and allowances

b Less Cost of goods sold

c Gross profit or (loss)

1111 Other incorn

2 To h 11 < 11 , 262 , 098. > 2 , 072 , 882 .

3 Co , rectors, t , etc 0 • 0 0 •

her employg^slargerow q^ 107, 826. 56,873. 50,953.

1 enslM4d X to ee bene 14,474. 7 , 634. 6 , 840 .

1 a gal fees MT 4 22,311. 11,768. 10,543.b Acc ^^CL

W Oth r MT 5 186,450. 185,680. 770.> 17- Interest

18 Taxes STMT 6 94,936. 16,830. 0.

19 Depreciation and depletion

E 20 Occupancy 30,102. 15,877. 14,225.a 21 Travel, conferences, and meetings 61 , 523 . 32,451. 29,072 .

c 22 Printing and publications 1, 965 . 1,036. 929 .c 23 Other expenses STMT 7 19,810. 10,451. 9,359.m 24 Total operating and administrative

a expenses . Add lines 13 through 23 539 , 397. 338 , 600. 122 , 691.0 25 Contributions, gifts, grants paid 2, 359, 600. 2, 359,600.

26 Total expenses and disbursements.

Add lines 24 and 25 2 , 898 , 997. 338 600. 2 1 482 , 291.

27 Subtract line 26 from line 12

a Excess of revenue over expenses and disbursements < 14 ,161,095.b Net investment income (if negative, enter-6) 1,734,282. 1

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

82350101-02-09

LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions.

v 0

Form 990-PF (2008)

109090811 138058 R&KECT 2008.04000 RAY & KAY ECKSTEIN CHARITAB R&KECT 1

Form 990-PF ( 2008 ) RAY & KAY ECKSTEIN CHARITABLE TR119T ^9_F7f2F^, Q^ Pino9

p ^f Balance Sheets "redschedu les and amounts in the description Beginning of year End of year

column should betorend-otjearamounts only ( a) Book Value ( b) Book Value (c) Fair Market Value

1 Cash - non -interest-bearing 20,272. 60,447. 60 ,447.2 -Savings and temporary cash investments 4,543,. 506. 18,514,023. 18,514,023.3 Accounts receivable ►

Less allowance for doubtful accounts ►4 Pledges receivable ►

Less allowance for doubtful accounts ►5 Grants receivable

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

disqualified persons

7 Other notes and loans receivable

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

9 Prepaid expenses and deferred charges

10a Investments - U S and state government obligations STMT 10 1,438,053. 7,275,684. 7,275,684.b Investments - corporate stock STMT 11 52,042,249. 2,014,548. 2,014,548.c Investments - corporate bonds STMT 12 1,944,630. 15,056,317. 15,056,317.

11 Irnestrnenti - and, buildings , and equipment basis ►

Less . accumulated depreciation ►

12 Investments - mortgage loans

13 Investments - other STMT 13 5, 029, 097. 6, 506, 539. 6,506,539.14 Land , buildings , and equipment basis ►

Less . accumulated depreciation

15 Other assets (describe ► STATEMENT 14 ) 15,413. 0. 0.

16 Total assets to be comp leted by all filers 65 , 033 , 220. 4-9 , 427 , 558. 49 1 427 , 558.17 Accounts payable and accrued expenses 841. 2,321.

18 Grants payable

u) 19 Deferred revenue

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

tea 21 Mortgages and other notes payable

J 22 Other liabilities (describe ►

23 Total liabilities ( add lines 17 throu g h 22 ) 841. 2 , 321.

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

24 Unrestricted

m 25 Temporarily restrictedmCD 26 Permanently restricted

C Foundations that do not follow SFAS 117 , check here Oil- EXILL and complete lines 27 through 31.

0 27 Capital stock, trust principal , or current funds 65,032,379 - 49,425,237.

28 Paid-in or capital surplus , or land , bldg , and equipment fund 0 . 0Ma 29 Retained earnings , accumulated income , endowment, or other funds 0 . 0.

Z 30 Total net assets or fund balances 9.65,032,37 49,425,237.

31 Total liabilities and net assets and balances 6 5 0 3 3 2 2 0. 49 , 427 , 558.

p Hit Analysis of Changes in Net Assets or Fund Balances

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

(must agree with end-of-year figure reported on prior year's return)

2 Enter amount from Part I, line 27a

3 Other increases not included in line 2 (itemize) ►4 Add lines 1, 2, and 3

5 Decreases not included in line 2 (itemize) ►4 minus line 51-

82351101-02-09

SEE STATEMENT 9

1 1 1 65,032,379.2 <14,161,095.>

50,871,284.1,446,047.

49,425,237.Form 990-PF (2008)


Form990-PF( 2008 ) RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592 Pag e 3mart IV Capital Gains and Losses for Tax on Investment Income

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

(b How acquired

D-Purchase- Donation

( c Date acquired(mo , day , yr)

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

la MERRILL LYCNH INVESTMENT SALES ATTACHMENT 1 P VARIOUS VARIOUS

b MERRILL LYCNH INVESTMENT SALES ATTACHMENT 1 P VARIOUS VARIOUSc CAPITAL GAINS DIVIDENDS

d

e

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

(g) Cost or other basisplus expense of sale

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

a 65,119,705. 77,583,782. <12,464,077.:b 13,715,793. 18,615,355. <4,899,562.:c 28,659. 28,659.d

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

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

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

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

a <12,464,077.:b <4,899,562.:

C 28,659.d

e

2 Capital gain net income or (net capital loss )If gain , also enter in Part I, line 7If (loss ), enter -0 - in Part I , line 7 2 <17,334,980.

3 Net short-term capital gain or ( loss) as defined in sections 1222 (5) and (6)

If gain, also enter in Part I , line 8, column (c)

If (loss ), enter -0-in Part I line 8 3 N/AI Part V ! Qualification Under Section 4940(e) tor Reduced Tax on Net Investment Income

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

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

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes 0 No

If'Yes ° the foundation does not quality under section 4940 (e) Do not complete this part

1 Fntar tha annrnnriate amount in each column for each year . see instructions before making any entries

( a)Base period years

Calendar year ( or tax year be mnm m

(b)Adjusted qualifying distributions

(c)Net value of nonchantable -use assets

(d)Di)divided by

co(col (b) divided by col (c))

2007 849,235. 52,260,415. .0162502006 676,500. 13,452,517. .0502882005 76,689. 946,938. .0809862004 0. 1 0. • 0000002003 0. 0. .000000

2 Total of line 1 , column (d) 2 .147524

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

the foundation has been in existence if less than 5 years

or by the number of years

3 . 0 2 9 5 0 5

4 Enter the net value of nonchantable-use assets for 2008 from Part X , line 5 4 58,446,689.

5 Multiply line 4 by line 3 5 1,724,470.

5 Enter 1 % of net investment income (1% of Part I , line 27b ) 6 17 , 343.

7 Add lines 5 and 6 7 1,741,813.

8 Enter Qualifying distributions from Pa rt XII, line 4 8 2,482,291.

If 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 rateSee the Part VI instructions

823521 01-02 -09 Form 990-PF (2008)

3

09090811 138058 R&KECT 2008.04000 RAY & KAY ECKSTEIN CHARITAB R&KECT_1

Form 990-PF (2008 ) RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592 Fart V[ Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)

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

Date of ruling letter. ( attach copy of ruling letter If necessary-see Instructions)

b Domestic foundations that meet the section 4940(e) requirements in Part V, check here ► OX and enter 1% 1 17, 343.of Part I, line 27b

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

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

3 Add lines 1 and 2 3 17, 343.4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 4 0.

5 Tax based on investment income . Subtract line 4 from line 3 If zero or less, enter -0- 5 17,343.

6 Credits/Payments

a 2008 estimated tax payments and 2007 overpayment credited to 2008 6a 41,421.

b Exempt foreign organizations - tax withheld at source 6b

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

d Backup withholding erroneously withheld 6d

7 Total credits and payments Add lines 6a through 6d 7 41,421.

8 Enter any penalty for underpayment of estimated tax Check here = if Form 2220 is attached 8 68.

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

10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10 24,010.

11 Enter the amount of line 10 to be Credited to 2009 estimated tax ► 2 4 0 10 . Refunded ► 11 0.

Part VU A Statements Regarding Activities

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

any political campaign? 1 a X

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

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

distributed by the foundation in connection with the activities.

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

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

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

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

managers ► $ 02 Has the foundation engaged in any activities that have not previously been reported to the IRS? 2 X

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

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

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

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

b If'Yes * has it filed a tax return on Form 990 -T for this year? N/A 4b

5 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, or

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

remain in the governing instrument? 6 X

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

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

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

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

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

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(I)(3) or 4942(1)(5) for calendar

year 2008 or the taxable year beginning in 2008 (see instructions for Part XIV)? If "Yes," complete Part XIV 9 X

10 Did any oersons become substantial contributors durin g the tax year? if 'Yes . ' attach a schedule listin g their names and addresses 10 XForm 990-PF (2008)

82353101-02-09

4


Form 990-PF (2008 ) RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592 Page5

Part V11-A Statements Regarding Activities (continued)

11 At any time during the year , did the foundation , directly or indirectly , own a controlled entity within the meaning of

section 512(b)(13)7 It "Yes' attach schedule ( see instructions) 11 X

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

August 17 , 20089 12 X

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X

Websde address lo, N/A

14 The books are in care of ► DOREEN HAHN Telephone no ► (270 ) 5 3 4 - 8 9 3 0

Located at " 4975 ALBEN BARKLEY DRIVE, SUITE #2, PADUCAH, KY ZIP+4 "42001

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

Part VU-H Statements Regarding Activities for Which Form 4720 May Be RequiredFile Form 4720 if any item is checked in the "Yes" column, unless an exception applies. Yes No

1 a During the year did the foundation ( either directly or indirectly)

(1) Engage in the sale or exchange , or leasing of property with a disqualified person? Yes M 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 disqualified person? Yes 0 No

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

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

for the benefit or use of a disqualified person )? 0 Yes 0 No

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

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

termination of government service , if terminating within 90 days ) Yes 0 No

b If any answer is'Yes'to 1a ( 1)-(6), did any of the acts fail to quality under the exceptions described in Regulations

section 53 4941 (d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)? 1b X

Organizations relying on a current notice regarding disaster assistance check here ►0c Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts , that were not corrected

before the first day of the tax year beginning in 2008? 1 c X

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

defined in section 4942(I)(3) or 4942 (l)(5))

a At the end of tax year 2008 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII) for tax year (s) beginning

before 2008? Yes No

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

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

statement - see instructions) N/A 2b

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

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

during the year? Yes 0 No

b If 'Yes ; did it have excess business holdings in 2008 as a result of ( 1) any purchase by the foundation or disqualified persons after

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

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

Form 4720, to determine if the foundation had excess business holdings in 2008) N/A 3b

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

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

had not been removed from jeopardy before the first day of the tax year beginning in 2008? 4b X

Form 990-PF (2008)

82354101-02-09


Form990-PF 2008 RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592Part VU-B. Statements Regarding Activities for Which Form 4720 May Be Required (continued5a During the year did the foundation pay or incur any amount to

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? = Yes EKI No

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

any voter registration drive? = Yes 0 No

(3) Provide a grant to an individual for travel, study, or other similar purposes = Yes EXI 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 0 No

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

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

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

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

Organizations relying on a current notice regarding disaster assistance check here ►0c If the answer is Yes to question 5a(4), does the foundation claim exemption from the tax because it maintained

expenditure responsibility for the grant? N/A flYes No

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

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

a personal benefit contract? Yes E1 No

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

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

7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? Yes E1 No

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

ONE X111 Paid EmployeesanOfficers,

ectorsors, Trustees, Foundation Managers , Highly

1 List all officers , directors , trustees , foundation managers and their compensation.

(a) Name and address(b) Title, and avera g e

hours per week devotedto position

(c) Compensation( It not paid ,enter -0-

(dQ confnbutonsto

co ensaton

(e) Expenseaccount, otherallowances

RAY A ECKSTEIN TRUSTEEP 0 BOX 7606PADUCAH, KY 42002-7606 10.00 0. 0. 0.KATHRYN A ECKSTEIN TRUSTEEP 0 BOX 7606PADUCAH, KY 42002-7606 1.00 0. 0. 0.STEVEN R DUBACK TRUSTEE-411 E WISCONSIN AVENUE /32040

MILWAUKEE, WI 53202-4497 1.00 0. 0. 0.CYNTHIA L ERICKSON TRUSTEEP 0 BOX 7606PADUCAH , KY 42002-7606 1.00 0. 0. 0.Z iomDensailon o7 jive mflnesroaiu emmovees romer man Lnose inciuaea on iine It. IT none. enter ••Nume.••

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

hours per weekdevoted to position

(c) Compensation 41Contnbutonstoayw lapscompemoon

(e) Expenseaccount, otherallowances

DOREEN M HAHN OPERATIONS MP 0 BOX 7606, PADUCAH, KY 42001 30.00 76,560. 1,214.

Total number of other employees paid over $50 ,000 ► I 0

Form 990-PF (2008)

82355101-02-09


Forrn990-PF(2008) RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592 Pagel

1°t vm Information About Officers , Directors, Trustees, Foundation Managers, HighlyPaid Employees, and Contractors (continued)

3 Five highest- paid independent contractors for professiona l services . If none, enter " NONE."

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

NONE

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

't IXXA Summary of Direct Charitable Activities

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

N/A

2

3

4

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

1 N/A

2

All other program - related investments See instructions

3

Total . Add lines 1 throu gh 3 ► 0.

Form 990-PF (2008)

82356101-02-09

7


Form990-PF ( 2008 ) RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592 Page8

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

roiir^ou Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certainforeign organizations check here ► 0 and do not complete this part )

1 Minimum investment return from Part X, line 6 1 2,922,334.2a Tax on investment income for 2008 from Part VI, line 5 2a 17,343.

b Income tax for 2008 (This does not include the tax from Part VI) 2b

c Add lines 2a and 2b 2c 17 , 343.3 Distributable amount before adjustments Subtract line 2c from line 1 3 2,904,991.4 Recoveries of amounts treated as qualifying distributions 4 0 .

5 Add lines 3 and 4 5 2,904,991.6 Deduction from distributable amount (see instructions) 6 0 .

7 Distributable amount as ad j usted Subtract line 6 from line 5 Enter here and on Part XIII , line 1 7 2 , 904 , 991 .

Part XI Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish chartable, etc , purposes

a Expenses, contributions, gifts, etc - total from Part I, column (d), line 26 1 a 2,482,291.

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

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

3 Amounts set aside for specific charitable projects that satisfy the

a Suitability test (prior IRS approval required) 3a

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

4 Qualifying distributions . Add lines la through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 2,482,291.

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

income Enter 1% of Part I, line 27b 5 17 , 343.6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 2,464,948.

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

4940(e) reduction of tax in those years

qualifies for the section

Form 990-PF (2008)

82357101-02-09

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

a Average monthly fair market value of securities 1 a 57,984,010.b Average of monthly cash balances 1b 1, 352, 730.

c Fair market value of all other assets 1 c

d Total (add lines la, b, and c) 1d 59,336,740 .e Reduction claimed for blockage or other factors reported on lines 1 a and

1c (attach detailed explanation) le 0.

2 Acquisition indebtedness applicable to line 1 assets 2 0 .

3 Subtract line 2 from line l d 3 59,336,740 .4 Cash deemed held for chantable activities Enter 1 1/2% of line 3 (for greater amount , see instructions ) 4 890,051 .

5 Net value of noncharitable-use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 58, 4 4 6 , 6 8 9 .6 Minimum investment return . Enter 5% of line 5 6 2,922 ,334 .


Form 990-PF ( 2008 ) RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592 Page9

Qart Undistributed Income (see instructions)

(a) (b) (c) (d)Corpus Years prior to 2007 2007 2008

1 Distributable amount for 2008 from Part XI,

line? . 2,904,991.2 Undistributed income, if any , as of the end of 2007

a Enter amount for 2007 only 2,323,899.b Total for prior years

0.3 Excess distributions ca rryover, if any, to 2008

a From 2003

b From 2004

c From 2005

d From 2006

e From 2007

f Total of lines 3a throug h e 0.

4 Qualifying distributions for 2008 from

Part Xll , line 4 ► $ 2 , 482 , 291.a Applied to 2007 , but not more than line 2a 2,323 , 899.b Applied to undistributed income of prior

years (Election required - see instructions) 0.

c Treated as distributions out of corpus

( Election required - see instructions) 0.

d Applied to 2008 distributable amount 158,392.

e Remaining amount distributed out of corpus 0.

5 Excess distributions carryover applied to 2008 0. 0.Of an amount appears in column (d), the same amount

must be shown in column (a) )

6 Enter the net total of each column asindicated below:

a Corpus Add lines 3f, 4c, and 4e Subtract line 5 0

b Prior years ' undistributed income Subtract

line 4b from line 2b 0.

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

d Subtract line 6c from line 6b Taxable

amount - see instructions 0 .

e Undistributed income for 2007 Subtract line

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

f Undistributed income for 2008 Subtract

lines 4d and 5 from line 1 This amount must

be distributed in 2009 2,746,599.7 Amounts treated as distributions out of

corpus to sat i sfy requirements imposed by

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

8 Excess distributions carryover from 2003

not applied on line 5 or line 7 0 .

9 Excess distr i butions carryover to 2009.

Subtract lines 7 and 8 from line 6a 0 .

10 Analysis of line 9

a Excess from 2004

b Excess from 2005

c Excess from 2006

d Excess from 2007

e Excess from 2008

Form 990-PF (2008)82358101-02-09


Form RAY & KAY ECKSTEIN C TRUST 39-6786592

I Part XIH I Private Operating Foundations (see instructions and Part VII-A, question 9) N/A

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 2008, enter the date of the ruling P

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

2 a Enter the lesser of the adjusted net

income from Part I or the minimum

investment return from Part X for

each year listed

b 85% of line 2a

c Qualifying distributions from Part XII,

line 4 for each year listed

d Amounts included in line 2c not

used directly for active conduct of

exempt activities

e Qualifying distributions made directly

for active conduct of exempt activities

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

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

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

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

c 'Support alternative test - enter

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

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

(3) Largest amount of support from

an exempt organization

4 Gross investment incomePart XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets

at any time during the year-see the instructions.)

1 Information Regarding Foundation Managers:

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

SEE STATEMENT 15

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

NONE2 Information Regarding Contribution , Grant , Gift, Loan, Scholarship , etc., Programs:

Check here 0 if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If

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

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

SEE STATEMENT 16

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

c Any submission deadlines

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

823801 01-02-09 Form 990-PF (2008)

4942(1)(3) or U 4942(il(5)

Tax year Prior 3 years

(a) 2008 (b) 2007 (c) 2006 (d) 2005 ( e) Total


Form 990-PF ( 2008) RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6 7 86592 PagellPart XV I Supplementary Information (continued)q f.rantc nnri [_nnfrihif innc Dairl r]i.rinn tha Vnar air Annrnvnfl fair Coof n P aim. nt

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

Name and address (home or business ) any foundation manageror substantial contributor

status ofrecipient

contribution Amount

a Paid during the year

SEE STATEMENT 17

Tota1 ► 3a 2- 1 3-5-9- 600.b Approved for future payment

Total SEE STATEMENT 18 ► 3b 1 39146000.823611 01-02-09 Form 990-PF (2008)

1109090811 138058 R& KECT 2008 . 04000 RAY & KAY ECKSTEIN CHARITAB R&KECT 1

Form 990-PF ( 2008) RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592

P t XV A Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated Unrelate d business income Exc1i ad by section 512 , 513 , or 514.

Program service revenue

( a )Businesscode mount

9_lionWde

(d)Amount

(e)

Related or exemptfunction income

a

b

C

d

efg Fees and contracts from government agencies

2 Membership dues and assessments

3 Interest on savings and temporary cash

investments 14 378,121.4 Dividends and interest from securities 14 1 , 694,761.5 Net rental income or (loss ) from real estate

a Debt-financed property

b Not debt-financed property

6 Net rental income or (loss ) from personal

property

7 Other investment income 9 0 0 0 0 3

8 Gain or ( loss) from sales of assets other

than inventory 18 <17,334,980. >9 Net income or (loss ) from special events

10 Gross profit or (loss ) from sales of inventory

11 Other revenue

a

b

cde

12 Subtotal Add columns ( b), (d), and (e) 0. 1 <15 2 6 2 0 9 8 . 0.

13 Total . Add line 12 , columns ( b), (d), and (e) 13 <15,262 , 098 . >

(See worksheet in line 13 instructions to verify calculations )

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


082362 1 Form 990-PF (2008)-

02

Form990-PF (2008) RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592 Pad XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt OrganizationsDid the organization directly or indirectly engage in any of the following with any other organization descnbed in section 501(c) of I Yes Nothe Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations'

Transfers from the reporting foundation to a nonchardable exempt organization of

(1) Cash 1a ( l ) X

(2) Other assets It 2 X

Other transactions

(1) Sales of assets to a nonchantable exempt organization 1 b ( l ) X

(2) Purchases of assets from a nonchantable exempt organization 1b ( 2 ) X

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

(4) Reimbursement arrangements 1b 4 X

(5) Loans or loan guarantees _ 1b 5 X

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

Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1 c X

If the answer to any of the above is'Yes " complete the following schedule Column (b) should always show the fair market value of the goods, other assetsor services given by the reporting foundation If the foundation received less than fair market value in any transaction or sharing arrangement, show in

(a) Name of organization (b) Type of organization ( c) Descripti on of relationship

N/A

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

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

sSignature of office 0 rrus ee

= Preparers•

Nsig nature65 0

'a a m Firm s name (oryours

a j it srJt enrylowd).

add= and ZIP code

82362201-02-09

09090811 138058 R&KECT 21

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

in section 501 ( c) of the Code ( other than section 501(c)(3)) or in section 5279 ED Yes ® No

b It "Yes . ' comp lete the followin g schedule

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

Department of the TreasuryInternal Revenue Service

Schedule of Contributors► Attach to Form 990, 990-EZ, and 990-PF.

OMB No 1 545-0047

2008Name of the organization I Employer identification number

RAY & KAY ECKSTEIN CHARITABLE TRUST 1 39-6 786592Organization type (check one):

Filers of: Section:

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

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

527 political organization

Form 990•PF 0 501(c)(3) exempt private foundation

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

501(c)(3) taxable private foundation

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

for both the General Rule and a Special Rule. See Instructions.)

General Rule

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

contributor . Complete Parts I and II.

Special Rules

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

509(a)(1)/1 70(b)(1)(A)(vi ), and received from any one contributor , during the year , a contribution of the greater of (1) $5 ,000 or (2) 2% of the

amount on Form 990 , Part VIII , line 1h or 2% of the amount on Form 990 - EZ, line 1 Complete Parts I and II.

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.

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 B (Form 990, 990-EZ, or 990•PF), but

they must answer "No' on Part IV, line 2 of their Form 990, or check the box in the heading of their Form 990-EZ, or on line 2 of their Form 990-PF, to

certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF).

LHA For Privacy Act and Paperwork Reduction Act Notice , see the Instructions Schedule B (Form 990 , 990-EZ , or 990 - PF) (2008)

for Form 990. These instructions will be issued separately.

823451 12-18-08


Schedule B (Form 990, 990-EZ or

Name of organization

1 of 1 of Part IEmployer identification number

RAY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592

Part I Contributors (see instructions)

(a)

No.

(b)

Name , address , and ZIP + 4

(c)

Aggregate contributions

(d)

Type of contribution

1 RAY A & KATHRYN A ECKSTEIN Person F

P 0 BOX 7606 $ 4, 000, 000.Payroll

Noncash

PADUCAH, KY 4 2 0 0 2(Complete Part II rf thereis a noncash contribution.)

(a)

No.

(b)

Name, address, and ZIP + 4

(c)


(d)


Person

$

Payroll

Noncash

(Complete Part II if thereis a noncash contribution.)

(a)

No.

(b)

Name, address , and ZIP + 4

(c)


(d)


Person

$

Payroll

Noncash

(Complete Part II if thereis a noncash contnbution.)

(a)

No.

(b)


(c)


(d)


Person

$

Payroll

Noncash


(a)

No.

(b)


(c)

Aggregate contributions(co


Person

$

Payroll Q

Noncash


(a)

No.

(b)

Name , address , and ZIP + 4

(c)


(d)


Person

$

Payroll 0

Noncash


823452 12-1 8-08 Schedule B (Form 990 . 990-EZ. or 990 - PF) 120081



FORM 990-PF GAIN OR (LOSS) FROM SALE OF ASSETS STATEMENT 1

(A) MANNER DATEDESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD

MERRILL LYCNH INVESTMENT SALES ATTACHMENT 1 PURCHASED VARIOUS VARIOUS

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

SALES PRICE OTHER BASIS SALE

65,119,705. 77,583,782. 0.

(A)DESCRIPTION OF PROPERTY

MERRILL LYCNH INVESTMENT SALES ATTACHMENT 1

0. <12,464,077.>

MANNER DATEACQUIRED ACQUIRED DATE SOLD

PURCHASED VARIOUS VARIOUS

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

SALES PRICE OTHER BASIS SALE DEPREC. GAIN OR LOSS

13,715,793. 18,615,355. 0. 0. <4,899,562.>

CAPITAL GAINS DIVIDENDS FROM PART IV

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

28,659.

<17,334,980.>

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 2

SOURCE

BANKSDEBT INVESTMENTS

TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A

(E) (F)

DEPREC. GAIN OR LOSS

AMOUNT

10.378,111.

378,121.

16 STATEMENT(S) 1, 209090811 138058 R&KECT 2008.04000 RAY & KAY ECKSTEIN CHARITAB R&KECT 1


FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 3

CAPI TAL GAINS COLUMN (A)SOURCE GROSS AMOUNT DIVIDENDS AMOUNT

EQUITY INVESTMENTS 1,554,322. 28,659. 1,525,663.MONEY FUNDS 169,098. 0. 169,098.

TOTAL TO FM 990-PF, PART I, LN 4 1,723,420. 28,659. 1,694,761.

FORM 990-PF LEGAL FEES STATEMENT 4

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

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

LEGAL 22,311. 11,768. 10,543.

TO FM 990-PF, PG 1, LN 16A 22,311. 11,768. 10,543.

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 5



INVESTMENT ADVISORY 184,822. 184,822. 0.IT CONSULTING 1,628. 858. 770.

TO FORM 990-PF, PG 1, LN 16C 186,450. 185,680. 770.

FORM 990-PF TAXES STATEMENT 6



EXCISE TAX 78,106. 0. 0.FOREIGN DIVIDENDS 16,830. 16,830. 0.

TO FORM 990-PF, PG 1, LN 18 94,936. 16,830. 0.

17 STATEMENT(S) 3, 4, 5, 609090811 138058 R&KECT 2008.04000 RAY & KAY ECKSTEIN CHARITAB R&KECT 1


FORM 990-PF OTHER EXPENSES STATEMENT 7

DESCRIPTION

INSURANCESUPPLIESPOSTAGE & MAILINGDUES & SUBSCRIPTIONSSTAFF TRAININGCAPITAL PURCHASESOTHER

(A) (B)EXPENSES NET INVEST-PER BOOKS MENT INCOME

3,945.4,352.5,550.2,271.1,702.1,457.

533.

2,081.2,296.2,927.1,198.

898.769.282.

TO FORM 990-PF, PG 1, LN 23 19,810. 10,451. 9,359.

FOOTNOTES STATEMENT 8

PART VII-B, LINE 1A(4)

DURING 2008 THE PRIVATE FOUNDATION PAID $22,312 IN LEGALFEES TO QUALRLES & BRADY, LLP, A LAW FIRM IN WHICHONE OF THE TRUSTEES FOR PART OF THE YEAR, STEVEN R. DUBACK,IS A PARTNER.

IT IS BELIEVED THAT THE FEES WERE NECESSARY FOR THE EXEMPTPURPOSE OF THE PRIVATE FOUNDATION AND WERE REASONABLE INAMOUNT FOR THE SERVICES RENDERED.

DURING 2008 THE PRIVATE FOUNDATION PAID $31,094 OF WAGESAS COMPENSATION TO TERESA ECKSTEIN, THE DAUGHTER OF RAY ANDKAY ECKSTEIN, WHO PERFORMED CLERICAL AND SECRETARIAL DUTIESNECESSARY FOR THE OPERATION OF THE PRIVATE FOUNDATION.RAY AND KAY ECKSTEIN ARE FOUNDATION MANAGERS AND SUBSTANTIALCONTRIBUTORS AND THEREFORE, DISQUALIFIED PERSONS WITHRESPECT TO THE PRIVATE FOUNDATION. IT IS BELEIVED THAT THEWAGES PAID TO TERESA ECKSTEIN ARE REASONABLE FOR THE WORKPERFORMED.

ACCORDINGLY, THE PAYMENT OF THE FEES AND WAGES ARE EXCEPTEDTRANSACTIONS WITHIN THE MEANING OF IRC SECTION 4941(D)(2)(E)AND TREASURY REGULATION SECTION 53.4941(D)(3)(C).PART VII-B, LINE 1A(4)

(C) (D)ADJUSTED CHARITABLE

NET INCOME PURPOSES

1,864.2,056.2,623.1,073.

804.688.251.

18 STATEMENT(S) 7, 809090811 138058 R&KECT 2008.04000 RAY & KAY ECKSTEIN CHARITAB R&KECT 1


FORM 990-PF OTHER DECREASES IN NET ASSETS OR FUND BALANCES STATEMENT 9

DESCRIPTION

CURRENT YEAR CHANGE IN UNREALIZED GAIN/LOSS ON INV

TOTAL TO FORM 990-PF, PART III, LINE 5 1,446,047.

AMOUNT

1,446,047.

FORM 990-PF U.S. AND STATE/CITY GOVERNMENT OBLIGATIONS STATEMENT 10

DESCRIPTIONU.S. OTHER

GOV'T GOV'T BOOK VALUEFAIR MARKET

VALUE

BROKERAGE ACCOUNTS (ATTACHMENT 2) X 6,411,780. 6,411,780.BROKERAGE ACCOUNTS (ATTACHMENT 2) X 863,904. 863,904.

TOTAL U.S. GOVERNMENT OBLIGATIONS 6,411,780. 6,411,780.

TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS 863,904. 863,904.

TOTAL TO FORM 990-PF, PART II, LINE 10A 7,275,684. 7,275,684.

FORM 990-PF CORPORATE STOCK STATEMENT 11

FAIR MARKETDESCRIPTION BOOK VALUE VALUE

BROKERAGE ACCOUNTS (ATTACHMENT 2) 2,014,548. 2,014,548.

TOTAL TO FORM 990-PF, PART II, LINE 10B 2,014,548. 2,014,548.

FORM 990-PF CORPORATE BONDS STATEMENT 12

FAIR MARKETDESCRIPTION BOOK VALUE VALUE

BROKERAGE ACCOUNTS (ATTACHMENT 2) 15,056,317. 15,056,317.

TOTAL TO FORM 990-PF, PART II, LINE 10C 15,056,317. 15,056,317.

19 STATEMENT(S) 9, 10, 11, 1209090811 138058 R&KECT 2008.04000 RAY & KAY ECKSTEIN CHARITAB R&KECT 1


FORM 990-PF OTHER INVESTMENTS STATEMENT 13

VALUATION FAIR MARKETDESCRIPTION METHOD BOOK VALUE VALUE

BROKERAGE ACCOUNTS (ATTACHMENT 2) FMV 6,506,539. 6,506,539.

TOTAL TO FORM 990-PF, PART II, LINE 13 6,506,539. 6,506,539.

FORM 990-PF OTHER ASSETS STATEMENT 14

BEGINNING OF END OF YEAR FAIR MARKETDESCRIPTION YR BOOK VALUE BOOK VALUE VALUE

ACCRUED INTEREST RECEIVABLE 14,813. 0. 0.SECURITY DEPOSIT 600. 0. 0.

TO FORM 990-PF, PART II, LINE 15 15,413. 0. 0.

FORM 990-PF PART XV - LINE 1A STATEMENT 15LIST OF FOUNDATION MANAGERS

NAME OF MANAGER

RAY A ECKSTEINKATHRYN A ECKSTEIN

20 STATEMENT(S) 13, 14, 1509090811 138058 R&KECT 2008.04000 RAY & KAY ECKSTEIN CHARITAB R&KECT 1


FORM 990-PF GRANT APPLICATION SUBMISSION INFORMATION STATEMENT 16PART XV, LINES 2A THROUGH 2D

NAME AND ADDRESS OF PERSON TO WHOM APPLICATIONS SHOULD BE SUBMITTED

DOREEN HAHNP 0 BOX 7606PADUCAH, KY 42002-7606

TELEPHONE NUMBER

(270)534-8930

FORM AND CONTENT OF APPLICATIONS

SUBMIT REQUESTS IN WRITING & INCLUDE IRS DETERMINATION LETTER

ANY SUBMISSION DEADLINES

RESTRICTIONS AND LIMITATIONS ON AWARDS

EMPHASIS IS PLACED ON (A) CATHOLIC CHURCH AFFILIATED ORGANIZATIONS, AND (B)EDUCATIONAL, MISSIONARY AND MINISTRY PROGRAMS (CATHOLIC AND NON-CATHOLIC).GRANTS AND AWARDS ARE NOT, HOWEVER, STRICTLY LIMITED TO THESE KINDS OFINSTITUTIONS OR CHARITABLE FIELDS.

21 STATEMENT(S) 1609090811 138058 R&KECT 2008.04000 RAY & KAY ECKSTEIN CHARITAB R&KECT 1


FORM 990-PF GRANTS AND CONTRIBUTIONS STATEMENT 17PAID DURING THE YEAR

RECIPIENT RELATIONSHIP RECIPIENTRECIPIENT NAME AND ADDRESS AND PURPOSE OF GRANT STATUS AMOUNT

BEACHES EMERGENCY ASSISTANCE NONE PUBLICMINISTRY, INC. CHARITY 15,000.850 6TH AVENUE SOUTH, SUITE 400, INDIGENT CAREJACKSONVILLE BEACH, FL 32250

BLOOMINGTON FIRE DEPARTMENT, P. NONE PUBLIC0. BOX 125, BLOOMINGTON, WI CHARITY53804 10,000.

PUBLIC HEALTH & SAFETY

BOCA RATON COMMUNITY HOSPITAL NONE PUBLICFOUNDATION CHARITY 10,000.745 MEADOWS ROAD, BOCA RATON, FL TO IMPROVE HEALTH CARE33486

CASSVILLE VOLUNTEER FIRE NONE PUBLICDEPARTMENT CHARITY 25,000.300 AMELIA STREET, CASSVILLE, WI PUBLIC HEALTH & SAFETY53806

CATHOLIC BISHOPS OF NORTHERN NONE PUBLICALASKA CHARITY 18,000.1316 PEGER ROAD, FAIRBANKS, AK TO DEFRAY EXPENSES OF99709 RELIGIOUS ENTITIES

CENTER FOR THE DEAF & HARD OF NONE PUBLICHEARING CHARITY 1,000.10243 WEST NATIONAL AVE, WEST TO ENHANCE EDUCATIONALLIS, WI 53227

CHARITY LEAGUE, 1921 BROADWAY, NONE PUBLICPADUCAH, KY 42001 CHARITY 500.

ASSISTANCE FOR NEEDYCHILDREN & SPECIALNEEDS ADULTS



CLARETIAN MISSIONARIES, 205 WEST NONE PUBLICMONROE STREET, CHICAGO, IL 60606 CHARITY 18,000.

RELIGIOUS MISSION WORK

DIOCESE OF MADISON, P. O. BOX NONE PUBLIC44983, MADISON, WI 53744-4983 CHARITY 18,000.

CARE OF RETIRED PRIESTSAND NUNS

DIOCESE OF PALM BEACH, 9995 N NONE PUBLICMILITARY TRAIL, PALM BEACH CHARITYGARDENS, FL 33410 15,000.

TO DEFRAY EXPENSES OFRELIGIOUS ENTITIES

DIVINE WORD MISSIONARIES, MISSION NONE PUBLICCENTER - 1835 WAUKEGAN RD., CHARITYTECHNY, IL 600 18,000.


FAMILY SERVICES SOCIETY, 827 JOE NONE PUBLICCLIFTON DRIVE, PADUCAH, KY 42001 CHARITY 12,000.

HANDICAPPED ASSISTANCE

FRANCISCAN CHARITIES, 3140 NONE PUBLICMERAMEC STREET, ST. LOUIS, MO CHARITY63118 18,000.


FRIAR WORKS, 1615 VINE STREET, NONE PUBLICSUITE 1, CINCINNATI, OH CHARITY45202-6492 18,000.


GRANT COUNTY CENTER ON AGING, NONE PUBLIC8820 HWY 35/61 SOUTH, LANCASTER, CHARITYWI 53813 10,000.


GRANT COUNTY SHERIFF DEPT, P 0 NONE PUBLICBOX 506, LANCASTER, WI 53813 CHARITY 36,000.

TO IMPROVE PUBLICSAFETY



HAVEN, INC., 21441 BOCA RIO ROAD, NONE PUBLICBOCA RATON, FL 33433 CHARITY 1,000.

ASSISTANCE FOR NEEDYCHILDREN & SPECIALNEEDS ADULTS

HOLY ROSARY SCHOOL, 2727 N. 43RD NONE PUBLICSTREET, FAIRMONT CITY, IL 62201 CHARITY 10,000.

TO ENHANCE EDUCATION

INHEALTH COMMUNITY WELLNESS FREE NONE PUBLICCLINIC CHARITY 25,000.109 EAST BLUFF STREET, BOSCOBEL, PUBLIC HEALTH & SAFETYWI 53805

LAKE COUNTRY CARING INC, P 0 BOX NONE PUBLIC591, HARTLAND, WI 53029 CHARITY 20,000.

INDIGENT CARE

LOURDES FOUNDATION, INC., 1530 NONE PUBLICLONE OAK ROAD, PADUCAH, KY 42001 CHARITY 200,000.

TO IMPROVE HEALTH CARE

LUTHER COLLEGE, 700 COLLEGE NONE PUBLICDRIVE, DECORAH, IA 52101 CHARITY 2,500.


MARQUETTE UNIVERSITY, P 0 BOX NONE PUBLIC1881, MILWAUKEE, WI 53201-1881 CHARITY 1000000.


MARYKNOLL FATHERS & BROTHERS, P. NONE PUBLIC0. BOX 306, MARYKNOLL, NY CHARITY10545-0306 28,000.


MINISTRY OF THE GOOD SHEPHERD NONE PUBLICINC, P. O. BOX 837, BOCA RATON, CHARITYFL 33429-0837 18,000.



RAY & KAY ECKSTEIN CHARITABLE TRUST

MISSIONARY SOCIETY OF ST NONECOLUMBAN, P.O. BOX 10, ST.COLUMBANS, NE 68056-0010

NATIONAL RELIGIOUS RETIREMENTOFFICE3211 FOURTH STREET, NE,WASHINGTON, DC 20017-1194


PUBLICCHARITY

39-6786592

18,000.

NONE PUBLICCHARITY

CARE OF RETIRED PRIESTSAND NUNS

NATIONAL SHRINE OF BLESSED NONE PUBLICFRANCIS XAVIER SEELOS CHARITY2030 CONSTANCE STREET, NEW TO DEFRAY EXPENSES OFORLEANS, LA 70130-5099 RELIGIOUS ENTITIES

PADUCAH JUNIOR COLLEGE, P. 0. BOX NONE PUBLIC7380, PADUCAH, KY 42002-7380 CHARITY


POTOSI BREWERY FOUNDATION, P. 0. NONE PUBLICBOX 177, POTOSI, WI 53820 CHARITY

HISTORIC PRESERVATION

PRIESTS FOR LIFE, P. 0. BOX NONE PUBLIC141172, STATEN ISLAND, NY 10314 CHARITY


SALVATION ARMY OF PADUCAH, P 0 NONE PUBLICBOX 569, PADUCAH, KY 42002-0569 CHARITY

INDIGENT CARE

SCHOOL DISTRICT OF CASSVILLE, 715 NONE PUBLICE. AMELIA STREET, CASSVILLE, WI CHARITY53806


SCHOOLS FOR HAITI INC, 301 WIOTA NONE PUBLICSTREET, CASSVILLE, WI 53806 CHARITY


SOUTHWEST OPPORTUNITIES CENTER, NONE PUBLICINC. CHARITY1600 INDUSTRIAL PARK ROAD, HANDICAPPED ASSISTANCELANCASTER, WI 53813

18,000.

18,000.

2,000.

50,000.

25,000.

20,000.

192,000.

18,100.

100,000.



ST AUGUSTINE CHAPEL FUND INC, 150 NONEWEST CHURCH STREET, SCHULLSBURG,WI 53586


PUBLICCHARITY

ST FRANCIS MISSION, P.O. BOX 499, NONE PUBLICST. FRANCIS, SD 57572-0449 CHARITY


ST JOAN OF ARC CATHOLIC CHURCH, NONE PUBLIC370 SOUTHWEST THIRD STREET, BOCA CHARITYRATON, FL


ST JOSEPHS INDIAN SCHOOL, 1301 N. NONE PUBLICMAIN STREET, CHAMBERLAIN, SD CHARITY57325


ST JUDE CHILDRENS RESEARCH NONE PUBLICHOSPITAL CHARITY501 ST. JUDE PLACE, MEMPHIS, TN TO IMPROVE HEALTH CARE38105-1942

ST MARY SCHOOL SYSTEM, 1243 NONE PUBLICELMDALE ROAD, PADUCAH, KY 42001 CHARITY


ST PATRICKS MISSIONARY SOCIETY,1347 W. GRANVILLE AVENUE,CHICAGO, IL 60660

ST SCHOLASTICA ACADEMY, 7416NORTH RIDGE BOULEVARD, CHICAGO,IL 60645

THE PIARIST SCHOOL, P. O. BOX870, MARTIN, KY 41649

NONE PUBLICCHARITY


NONE PUBLICCHARITY


NONE PUBLICCHARITY


39-6786592

75,000.

18,000.

47,500.

18,000.

18,000.

10,000.

18,000.

20,000.

24,000.



UNIVERSITY OF NONE PUBLICWISCONSIN-PLATTEVILLE CHARITY 7,500.1 UNIVERSITY PLAZA, PLATTEVILLE, TO ENHANCE EDUCATIONWI 53818

UW - MADISON, 21 N. PARK STREET, NONE PUBLICSUITE 7101, MADISON, WI CHARITY53715-1218 7,500.


WI KNIGHTS OF COLUMBUS CHARITIES, NONE PUBLICINC. CHARITY 15,000.4297 BELTLINE HIGHWAY, MADISON, RELIGIOUS MISSION WORKWI 53711

WISCONSIN HISTORICAL FOUNDATION, NONE PUBLIC816 STATE STREET, MADISON, WI CHARITY53706 25,000.


WISCONSIN PROVINCE OF THE SOCIETY NONE PUBLICOF JESUS CHARITY 30,000.3400 WEST WISCONSIN AVENUE, TO DEFRAY EXPENSES OFMILWAUKEE, WI 53208-3841 RELIGIOUS ENTITIES

XAVERIAN MISSIONARY, 4500 XAVIER NONE PUBLICDRIVE, FRANKLIN, WI 53132 CHARITY 18,000.


TOTAL TO FORM 990-PF, PART XV, LINE 3A 2,359,600.



FORM 990-PF GRANTS AND CONTRIBUTIONS STATEMENT 18APPROVED FOR FUTURE PAYMENT

RECIPIENT RELATIONSHIP RECIPIENTRECIPIENT NAME AND ADDRESS AND PURPOSE OF GRANT STATUS AMOUNT

BOCA RATON COMMUNITY HOSPITAL NONE PUBLICFOUNDATION CHARITY 30,000.745 MEADOWS ROAD, BOCA RATON, FL TO IMPROVE HEALTH CARE33429-0837

CASSVILLE SCHOOL DISTRICT NONE PUBLICSCHOLARSHIP CHARITY 60,000.715 E. AMELIA STREET, CASSVILLE, TO ENHANCE EDUCATIONWI 53806

CENTER FOR THE DEAF & HARD OF NONE PUBLICHEARING CHARITY 1,000.10243 WEST NATIONAL AVE, WEST TO ENHANCE EDUCATIONALLIS, WI 53227

GRANT COUNTY CENTER ON AGING, NONE PUBLIC8820 HWY 35/61 SOUTH, LANCASTER, CHARITYWI 53813 20,000.


LAKE COUNTRY CARING INC, P 0 BOX NONE PUBLIC591, HARTLAND, WI 53029 CHARITY 20,000.

INDIGENT CARE

LOURDES FOUNDATION, INC., 1530 NONE PUBLICLONE OAK ROAD, PADUCAH, KY 42001 CHARITY 800,000.

TO IMPROVE HEALTH CARE

MARQUETTE UNIVERSITY, P 0 BOX NONE PUBLIC1881, MILWAUKEE, WI 53201-1881 CHARITY 37500000.


POTOSI BREWERY FOUNDATION, P. O. NONE PUBLICBOX 177, POTOSI, WI 53820 CHARITY 50,000.




SALVATION ARMY OF PADUCAH, P 0 PUBLICBOX 569, PADUCAH, KY 42002-0569 CHARITY 180,000.

INDIGENT CARE

SCHOOLS FOR HAITI INC, 301 WIOTA NONE PUBLICSTREET, CASSVILLE, WI 53806 CHARITY 25,000.


SOUTHWEST OPPORTUNITIES CENTER, NONE PUBLICINC. CHARITY 200,000.1600 INDUSTRIAL PARK ROAD, HANDICAPPED ASSISTANCELANCASTER, WI 53813

ST AUGUSTINE CHAPEL FUND INC, 150 NONE PUBLICWEST CHURCH STREET, SCHULLSBURG, CHARITYWI 53586 150,000.


ST MARY CATHOLIC CHURCH, 1200 NONE PUBLICEAST MAIN, PAHOKEE, FL 33476 CHARITY 50,000.

CAPITAL PROJECT FORRELIGIOUS ENTITY

ST MARY SCHOOL SYSTEM, 1243 NONE PUBLICELMDALE ROAD, PADUCAH, KY 42001 CHARITY 10,000.


ST SCHOLASTICA ACADEMY, 7416 NONE PUBLICNORTH RIDGE BOULEVARD, CHICAGO, CHARITYIL 60645 50,000.


TOTAL TO FORM 990-PF, PART XV, LINE 3B 39,146,000.


MMerrill Lynch Account No.2BL-04014

Taxpayer No.39-6786592

Page23 of 87

RAY & KAY ECKSTEIN2008 ANNUAL STATEMENT SUMMARY

Your Tax Reporting Statement information that follows is a personal summary of your account activity and is not reported to the IRS.

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information providedby the RIC and discuss with your tax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available. The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID. For purposes of allocatin original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract. In making ad j ustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first , and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these items with your tax advisor . For select clients , we have also included a summary of Visa charges and checking activity.

Merrill Lynch is neither a tax return preparer or tax advisor . Please see your tax advisor for more information.

2008 CAPITAL GAIN AND LOSS TRANSACTIONS

Date Acquired Date Liquidated Amortization/AccretionSecurity Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

SHORT TERM CAPITAL GAINSUS TSY 4.000% MAR 15 201 200000.0000 04/25/07 01/22/08 207,872.20 198,180.00 9,692.20

MERRILL LYNCH & CO 300000.0000• 09/06/07 03/14/08 2,893.35(A) 13,875.00(A) 313,875.00 313,875.00(c) 0.00(G)

ML&CO CURR 5000.0000• 08/02/07 01/30/08 239.04(A) 1,267.65(A) 51,846.42 51,267.65(c) 578 77(G)15000.0000• 08/02/07 04/09/08 2,275.15(A) 5,360.97(A) 161,040.58 155,360.97(c) 5,679.61(G)

ML&CO CURR 20000.0000• 08/29/07 01/29/08 892.58(A) 4,174.92(A) 206,997.70 204,174.92(c) 2,822.78(G)

AIG MITTS LATAM FX 15600.0000• 10/31/07 04/09/08 2,057.99(A) 3,136.93(A) 162,863.07 159,136.93(c) 3,726.14(G)

AIG PRINCIPAL PROTECTED 35000.0000• 11/29/07 04/09/08 3,949.98(A) 4,905.35(A) 356,997.98 354,905.35(c) 2,092.63(G)

ML&CO PPN EURO-USD 40000.0000• 06/11/08 09/03/08 5,023.83(A) 5,023.83(A) 420,797.62 405,023.83(c) 15,773.79(G)

ISHARES SILVER TR 875.0000 04/02/08 04/16/08 158,846.60 150,814.74 8,031.86

NUVEEN MULTI-CURRENCY SH 1021.0000 01/16/08 08/01/08 17,657.18 17,417.23 239.95714.0000 04/10/08 08/01/08 12,347.92 12,280.08 67.84

PROSHARES ULTRSHORT MSCI 2700.0000 08/20/08 10/02/08 350,992.09 292,593.06 58,399.03


EIN: 39-6786592

2008 FORM 990-PF

ATTACHMENT 1- DETAIL OF CAPITAL GAIN (LOSS)


EIN: 39-6786592

2008 FORM 990-PF


MCI'

Merrill Lynch

RAY & KAY ECKSTEIN

Account No.2BL-04014


2008 ANNUAL STATEMENT SUMMARY

Page24 of 87


Date Acquired Date Liquidated Amortization/AccretionSecurity Descnotion Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

ML&CO ARBMN DJIA

ML&CO. ARBMN RTY

ML&CO ARN BRIC50D

ML&CO BEAR ARN

ML&CO ARN XAU

ML&CO ROGRER INDEX ARN

ML&CO. LSN XIX

ML&CO STR ACC REDEMP

ML&CO LBN CRUDE OIL

ML&CO BEAR ARN

ML&CO STR ACC REDEMP SEC

ML&CO BEAR SPX ARN

SEK IXY ARN

SEK ARN MID

13100.0000 06/27/07 01/09/08 136,257.54 131,000.00 5,257.546900.0000 06/27/07 01/16/08 73,345.86 69,000.00 4,345.86

20000.0000 07/31/07 01/09/08 215,340.67 200,000.00 15,340.67

2000.0000 03/24/08 05/22/08 19,919.88 17,020.00 2,899.88

9200.0000 11/01/07 01/16/08 97,886.48 92,000.00 5,886.48800.0000 11/01/07 01/17/08 8,615.86 8,000.00 615.86

3000.0000 10/30/07 07/02/08 31,619.82 30,000.00 1,619.827000.0000 10/30/07 07/15/08 73,159.38 70,000.00 3,159.38

10000.0000 10/31/07 03/07/08 114,248.74 100,000.00 14,248.74

25000.0000 05/01/08 08/07/08 256,748.54 250,000.00 6,748.54

30000.0000 05/01/08 07/16/08 304,114.28 300,000.00 4,114.28

20000.0000 06/19/08 08/20/08 211,638.81 200,000.00 11,638.81

25000 0000 07/30/08 10/08/08 260,798.52 250,000.00 10,798.52

30000.0000 08/27/08 10/16/08 305,398.27 300,000.00 5,398.27

40000.0000 08/27/08 10/09/08 422,185.61 400,000.00 22,185.61

20000 0000 01/30/08 06/30/08 208,598.82 200,000.00 8,598.8220000.0000 01/30/08 06/30/08 208,798.81 200,000.00 8,798.81

4100.0000 03/26/08 06/03/08 41,819 76 41,000.00 819.763000.0000 03/26/08 06/09/08 30,749.82 30,000.00 749.828000.0000 03/26/08 06/17/08 82,509.93 79,999.99 2,509.941100.0000 03/26/08 06/25/08 11,384.93 11,000.00 384.93


EIN: 39-6786592

2008 FORM 990-PF



EIN: 39-6786592

2008 FORM 990-PF


MCI,

6ZMerrill Lynch

RAY & KAY ECKSTEIN




Page25 of 87

2008 CAPITAL GAIN AND LOSS TRANSACTIONSDate Acquired Date Liquidated Amortization/Accretion

Security Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

SPDR GOLD TRUST 1685.0000 04/02/08 07/17/08 161,169.34 150,188.77 10,980.57

JENNISON NATURAL 4720.6280 10/16/07 06/04/08 312,254.24 299,995.90 12,258.34

78.0000 11/29/07 06/04/08 5,15944 4,415.58 743.86141.0000 11/29/07 06/04/08 9,326.68 7,982.01 1,344.67202.0000 11/29/07 06/04/08 13,361.63 11,435.22 1,926.41

1.0000 11/30/07 06/04/08 66.15 56.64 9.511.0000 11/30/07 06/04/08 66.16 56.64 9.52

VAN KAMP 587 VAN KAMP 7000.0000 01/25/08 01/25/08 4,250.68 4,250.68 0.007000.0000 06/25/08 06/25/08 3,415.93 3,415.93 0.00

VAN KAMP 593 244.0000 01/25/08 01/25/08 7.55 7.55 0.007.0000 01/28/08 02/15/08 56.32 55.76 0.56

VAN KAMPEN UT 609 EAFE 142.0000 01/26/07 01/04/08 1,587.65 1,564.86 22.79

VAN KAMPEN 614 CLSD END 290.0000 11/27/07 02/15/08 2,309.74 2,298.86 10.88

365.0000 12/27/07 02/15/08 2,907.09 2,879.85 27.24

293.0000 01/28/08 02/15/08 2,333.64 2,323.19 10.45

VAN KAMPEN SER 646 453.0000 01/28/08 02/15/08 3,415.62 3,274.28 141.34

VAN KMPN UT TRS 663 CLD 42845.0000 01/10/08 01/10/08 3,093.86 3,093.86 0.00

VAN KAMPEN UNIT TRS677 27.0000 01/28/08 02/21/08 215.47 213.40 2.07

VAN KAMP UT TRS 716 CLD 27054.0000 10/27/08 10/27/08(s) 475.61 475.61 0.00

VAN KAMPEN 724 EAFE 113.0000 09/25/08 09/25/08 3.69 3.69 0.00

VAN KAMPEN 763 COHEN & 161.0000 12/26/08 12/26/08 1.90 1.90 0.00

FT 1780 MACQUARIE TRANS 50.0000 12/26/08 12/26/08(s) 0.81 0.81 0.00


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch

RAY & KAY ECKSTEIN





Page26 of 87


BLACKROCK NATURAL 2361.0000 07/18/07 06/04/08 188,336.97 155,896.83 32,440.142182.3900 07/18/07 06/04/08 174,089.24 144,103.21 29,986.03121.0000 10/24/07 06/04/08 9,652.16 8,335.69 1,316.47

1.0000 12/07/07 06/04/08 79.77 67.87 11.9057.0000 12/07/07 06/04/08 4,546.89 3,868.59 678.301.0000 12/10/07 06/04/08 79.79 68.30 11.49

BLACKRCK GOV INC PORT C 180.0000 08/31/07 08/01/08 1,846.80 1,834.20 12.601.0000 07/31/08 08/01/08 10.28 10.28 0.00

IVY GLOBAL NATURAL 370.0000 12/13/07 06/04/08 13,924.47 12,938.90 985.57354.0000 12/13/07 06/04/08 13,322.33 12,379.38 942.9538.0000 12/13/07 06/04/08 1,430.08 1,328.86 101.221.0000 12/14/07 06/04/08 37.63 34.54 3.091.0000 12/14/07 06/04/08 37 65 34.54 3.11

BLACKROCK 4939.8400 07/18/07 06/04/08 373,241.70 299,947.07 73,294.631.0000 12/10/07 06/04/08 75.55 56.58 18.97

37.0000 12/13/07 06/04/08 2,795.62 2,069.04 726.58563.0000 12/13/07 06/04/08 42,538.79 31,482.96 11,055.83206.0000 12/13/07 06/04/08 15,564.81 11,519.52 4,045.29

1.0000 12/14/07 06/04/08 75.55 55.61 19.941.0000 12/14/07 06/04/08 75.55 55.61 19.94

5309.0000 01/08/08 06/04/08 401,134.05 299,958.50 101,175.55Subtotal 7,305 ,649.57 6,778,086.82 527 , 562.75

SHORT TERM CAPITAL LOSSESUS TSY STRIPS 0%MAY15 2 250000.0000. 01/02/08 03/31/08 1,061.88(A) 1,061.88(A) 94,296 .88 98 ,979.86(c) (4,682.98)

ML&CO PPN RUB-IDR 30000.0000. 03/27/08 10/10/08 4,414.66(A) 4,414.66(A) 272,098.45 304,414.66(c) (32,316.21)(G)

ML&CO 100% PPN RUB/EUR 30000.0000- 08/19/08 10/10/08 1,715.02(A) 1,715.02(A) 279,298.41 301,715.02(c) (22,416.61)(G)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

66£,8 Merrill Lynch

RAY & KAY ECKSTEIN




Page27 of 87



ML&CO 100% PPN CURRENCY 30000.0000. 08/28/08 10/10/08 1,462.32(A) 1,462.32(A) 288,898.36 301,462.32(c) (12,563.96)(G)

HARTFORD 100% PPN 30000.0000. 08/28/08 10/02/08 570.32(A) 570.32(A) 247,198.60 300,570.32(c) (53,371.72)(G)

CITIGROUP INC 2000.0000 08/17/07 01/18/08 48,179.25 97,860.00 (49,680.75)

FNMA PRFD SERIES T 4000.0000 05/13/08 08/20/08 46,248.93 100,000.00 (53,751.07)

ISHARES RUSSELL 1000 10500.0000 04/16/07 01/18/08 574,259.30 605,980.20 (31,72090)

ISHARES RUSSELL 1000 7000.0000 04/16/07 01/08/08 542,689.10 600,527.20 (57,838.10)

TORTOISE ENERGY 2000.0000 06/19/08 10/13/08 29,060.43 62,500.00 (33,439.57)39.0000 09/23/08 10/13/08 566.68 1,111.85 (545.17)

COHEN & STEERS CLOSED 126.0000 11/13/07 10/20/08 1,249.91 2,098.27 (848.36)126.0000 12/13/07 10/20/08 1,249.91 2,090.59 (840.68)

536.0000 01/23/08 10/20/08 5,317.09 8,932.44 (3,615.35)

1.0000 01/30/08 10/20/08 9.91 16.40 (6.49)

1.0000 02/11/08 10/20/08 9.91 16.30 (6.39)128.0000 02/12/08 10/20/08 1,269.75 2,114.68 (844.93)138.0000 03/06/08 10/20/08 1,368.95 2,182.88 (813.93)142.0000 04/10/08 10/20/08 1,408.63 2,192.19 (783.56)138.0000 05/09/08 10/20/08 1,368.95 2,229.39 (860.44)

136.0000 06/09/08 10/20/08 1,349.12 2,220.20 (871.08)

149.0000 07/15/08 10/20/08 1,478.07 2,247.51 (769.44)155.0000 08/15/08 10/20/08 1,537.60 2,271.83 (734.23)159.0000 09/11/08 10/20/08 1,577.28 2,284.83 (707.55)201.0000 10/14/08 10/20/08 1,993.93 2,291.60 (297.67)


EIN: 39-6786592

2008 FORM 990-PF


F*ZMerrill Lynch

RAY & KAY ECKSTEIN




Page28 of 87

Security Description Quantity


Date Acquired Date Liquidated Amortization/AccretionCover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

EATON VANCE TAX-MANAGED 5000.0000 10/16/07 10/13/08 46,918.74 86,403.00 (39,484.26)295.0000 12/10/07 10/13/08 2,768.20 4,880.18 (2,111.98)

1.0000 12/21/07 10/13/08 9.38 15.84 (6.46)303.0000 03/12/08 10/13/08 2,843.28 5,004.34 (2,161.06)300.0000 06/10/08 10/13/08 2,815.12 5,159.10 (2,343.98)372.0000 09/09/08 10/13/08 3,490.77 5,292.07 (1,801.30)

ALPINE GLOBAL PREMIER 12500.0000 04/25/07 01/18/08 154,303.87 250,000.00 (95,696.13)86.0000 06/25/07 01/18/08 1,061.61 1,572.59 (510.98)

2264.0000 06/25/07 01/18/08 27,947.52 41,535.34 (13,587.82)1236.0000 06/25/07 01/22/08 14,275.20 22,675.66 (8,400.46)4500.0000 06/25/07 01/22/08 51,972.84 82,231.20 (30,258.36)155.0000 08/14/07 01/22/08 1,790.17 2,603.22 (813.05)

5000.0000 08/17/07 01/22/08 57,747.61 78,500 00 (20,752.39)161.0000 08/31/07 01/22/08 1,859.47 2,628.64 (769.17)199.0000 10/15/07 01/22/08 2,298.35 3,294.44 (996.09)213.0000 11/13/07 01/22/08 2,460.05 3,307.46 (847.41)

248.0000 12/05/07 01/22/08 2,864.29 3,333.86 (469.57)248.0000 01/15/08 01/22/08 2,864.29 3,365.85 (501.56)249.0000 01/31/08 03/06/08 3,281.97 3,394.61 (112.64)

2.0000 03/05/08 03/06/08 26.37 27.82 (1.45)

NUVEEN MULTI-CURRENCY SH 633.0000 10/09/07 08/01/08 10,947.10 11,531.36 (584.26)538.0000 07/09/08 08/01/08 9,304.18 9,453.19 (149.01)

COHEN & STEERS GLOBAL 88.0000 11/14/07 10/13/08 717.25 1,713.44 (996.19)96.0000 12/12/07 10/13/08 782.46 1,730.78 (948.32)97.0000 01/09/08 10/13/08 790.61 1,736.30 (945.69)99.0000 02/12/08 10/13/08 806.91 1,770.41 (963.50)107.0000 03/06/08 10/13/08 87212 1,767.21 (895.09)107.0000 04/10/08 10/13/08 872.12 1,808.94 (93682)101.0000 05/09/08 10/13/08 823.22 1,810.32 (987.10)

100.0000 06/09/08 10/13/08 815.07 1,829.90 (1,014.83)


EIN: 39-6786592

2008 FORM 990-PF


Merrill L nchY

RAY & KAY ECKSTEIN

Security Descnotion uantity

Account No. Taxpayer No.2BL-04014 39-6786592



Date Acquired Date Liquidated Amortization/AccretionCover of Short Short Sale Year-to-Date Life-to-Date ales Price ost Basis

Page29 of 87

ain or (Loss)

COHEN & STEERS GLOBAL 115.0000 07/15/08 10/13/08 937.33 1,859.89 (922.56)123.0000 08/08/08 10/13/08 1,002.53 1,862.95 (860.42)128.0000 09/11/08 10/13/08 1,043.30 1,895.80 (852.50)165.0000 10/15/08 10/16/08 1,173.14 1,908.55 (735.41)

MERRILL LYNCH AND CO INC 10000.0000 07/29/08 07/29/08 224,198.73 225,000.00 (801.27)

ML&CO. ARN RLG 30000.0000 09/27/07 02/21/08 263,436.06 300,000.00 (36,563.94)

ML&CO ARN SX5E 25000.0000 05/31/07 02/21/08 197,497.79 250,000.00 (52,502.21)3600.0000 08/24/07 02/21/08 28,439.69 33,360.12 (4,920.43)

ML&CO. ARN AEIB 20000.0000 07/24/07 02/21/08 166,998.14 200,000.00 (33,001.86)

ML&CO. ARN NKY 25000.0000 08/02/07 02/21/08 193,747.84 250,000.00 (56,252.16)

ML&CO ARBMN UTIL SEL 5000.0000 07/31/07 02/21/08 48,999.45 50,000.00 (1,000.55)15000.0000 07/31/07 02/21/08 147,058.36 150,000.00 (2,941.64)

ML&CO LSN XV 10000.0000 07/31/07 02/21/08 93,598.95 100,000.01 (6,401.06)

ML&CO ARN NDX 40000.0000 09/26/07 02/21/08 333,596.28 400,000.00 (66,403.72)

ML&CO ARN BRIC50D 40000.0000 09/27/07 02/21/08 365,995.93 400,000.00 (34,004.07)

ML&CO ARN HLTH CARE 25000.0000 03/26/08 08/08/08 248,583.59 250,000.00 (1,416.41)

ML&CO. ARN NEX 25000.0000 03/27/08 10/06/08 134,749.23 250,000.00 (115,250.77)

ML&CO. ARN GEIB 30000.0000 04/30/08 07/16/08 268,098.49 300,000.00 (31,901.51)

ML&CO MXBR CAP LIRN 20000.0000 06/26/08 10/06/08 102,299.41 200,000.00 (97,700.59)

ML&CO CAPPED LIRN 30000.0000 08/28/08 10/07/08 163,199.07 300,000.00 (136,800.93)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page30 of 87




SECTOR SPDR FINANCIAL 9200.0000 03/24/08 10/10/08 125,124.81 250,148.00 (125,023.19)

SEK ARN MID 6000.0000 03/26/08 07/16/08 58,304.67 60,000.00 (1,695.33)2800.0000 03/26/08 07/17/08 27,204.92 28,000.01 (795.09)

SEK ARN SPX 25000.0000 03/26/08 07/16/08 224,948.72 250,000.00 (25,051.28)

FIDELITY ADV JAPAN FD C 31665.6110 06/25/07 01/18/08 417,254.59 499,999.99 (82,745.40)

BLACKROCK GLBL FIN SER A 22935.7800 03/24/08 10/06/08 175,458.72 249,999.99 (74,541.27)

HARTFORD GROWTH OPPTYS A 19130.4620 10/04/07 02/21/08 546,873.56 699,983.60 (153,110.04)1623.0000 11/19/07 02/21/08 46,395.93 51,611.40 (5,215.47)1012.0000 11/19/07 02/21/08 28,929.57 32,181.60 (3,252.03)

1.0000 11/20/07 02/21/08 28.59 31.21 (2.62)1.0000 11/20/07 02/21/08 28.60 31.21 (2.61)

21000.0000 03/24/08 10/06/08 431,970.00 583,380.00 (151,410.00)

ALGER HEALTH SCIEN A 23269.2210 01/25/08 10/16/08 321,129.21 399,997.90 (78,868.69)15299.0000 03/31/08 10/16/08 211,135.36 249,985.66 (38,850.30)

1.0000 04/03/08 10/16/08 13.82 16.75 (2.93)

ALLIANZ NACM PAC RM FD C 1039.0000 12/13/07 10/10/08 8,789.94 16,177.23 (7,387.29)2242.0000 12/13/07 10/10/08 18,967.32 34,907.94 (15,940.62)

1.0000 12/14/07 10/10/08 8.47 15.13 (6.66)

EVERGREEN ASSET ALLOC A 21520.8180 06/06/08 10/16/08 250,553.97 300,000.19 (49,446.22)5597.0000 08/01/08 10/16/08 65,162.51 74,999.79 (9,837.28)

ING GLOBAL REAL ESTATE C 15.0000 12/20/07 10/08/08 182.10 271.05 (88.95)28.0000 12/20/07 10/08/08 339.92 505.96 (166.04)1.0000 12/21/07 10/08/08 12.14 18.68 (6.54)

433.0000 01/03/08 10/08/08 5,256.62 7,949.88 (2,693.26)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page31 of 87



ING GLOBAL REAL ESTATE C 60.0000 04/03/08 10/08/08 728.40 1,098.60 (370.20)1.0000 04/04/08 10/08/08 12.14 18.37 (6.23)

108.0000 07/03/08 10/08/08 1,311.12 1,726.92 (415.80)

64.0000 10/03/08 10/08/08 776.98 937.60 (160.62)

TEMPLETON CHINA WORLD A 6544.5030 04/04/08 10/08/08 158,704.20 250,000.00 (91,295.80)

HENDERSON EURO FOCUS;C R 8396.0510 06/25/07 01/18/08 236,978.28 299,990.89 (63,012.61)5817.0000 07/13/07 01/18/08 164,184.64 219,010.05 (54,825.41)724.0000 12/10/07 01/18/08 20,434.88 22,958.04 (2,523.16)733.0000 12/10/07 01/18/08 20,688.90 23,243.43 (2,554.53)296.0000 12/10/07 01/18/08 8,354.59 9,386.16 (1,031.57)

1.0000 12/11/07 01/18/08 28.23 31.49 (3.26)1.0000 12/11/07 01/18/08 28.24 31.49 (3.25)

VAN KAMPEN SENIOR LOAN A 520.0000 11/23/07 11/21/08 2,444.00 4,399.20 (1,955.20)1.0000 11/26/07 11/21/08 4.69 8.45 (3.76)

529.0000 12/24/07 11/21/08 2,486.30 4,433.02 (1,946.72)116.0000 12/31/07 11121108 545.20 970.92 (425.72)

1.0000 01/02/08 11/21/08 4.70 8.37 (3.67)433.0000 01/25/08 11/21/08 2,035.10 3,485.65 (1,450.55)599.0000 02/25/08 11/21/08 2,81530 4,492.50 (1,677.20)

1.0000 02/26/08 11/21/08 4.69 7.53 (284)615.0000 03/25/08 11/21/08 2,890.50 4,520.25 (1,629.75)

603.0000 04/25/08 11/21/08 2,834.10 4,558.68 (1,724.58)1.0000 04/28/08 11121108 4.69 7.57 (2.88)

432.0000 05/23/08 11/21/08 2,030.40 3,278.88 (1,248.48)430.0000 06/25/08 11/21/08 2,021.00 3,293.80 (1,272.80)443.0000 07/25/08 11/21/08 2,082.10 3,313.64 (1,231.54)450.0000 08/25/08 11/21/08 2,115.01 3,325.50 (1,210.49)

1.0000 08/26/08 11/21/08 4.70 7.39 (2.69)480.0000 09/25/08 11/21/08 2,256.01 3,345.60 (1,089.59)658.0000 10/24/08 11/21/08 3,092.63 3,572.94 (480.31)


EIN: 39-6786592

2008 FORM 990-PF


6Z Merrill Lynch

RAY & KAY ECKSTEIN




Page32 of 87




VAN KAMPEN SENIOR LOAN C 510.0000 11/23/07 11/21/08 2,397.00 4,314.60 (1,917.60)1.0000 11/26/07 11/21/08 4.70 8.45 (3.75)

518.0000 12/24/07 11/21/08 2,434.60 4,340.84 (1,906.24)114.0000 12/31/07 11/21/08 535.80 954.18 (418.38)424.0000 01/25/08 11/21/08 1,992.80 3,413.20 (1,420.40)585.0000 02/25/08 11/21/08 2,749.50 4,387.50 (1,638.00)

1.0000 02/26/08 11/21/08 4.69 7.53 (2.84)602.0000 03/25/08 11/21/08 2,829.40 4,418.68 (1,589.28)

1.0000 03/26/08 11/21/08 4.69 7.35 (2.66)589.0000 04/25/08 11/21/08 2,768.30 4,446.95 (1,678.65)

1.0000 04/28/08 11/21/08 4.69 7.56 (2.87)413.0000 05/23/08 11/21/08 1,941.10 3,134.67 (1,193.57)

1.0000 05/27/08 11/21/08 4.69 7.59 (2.90)411.0000 06/25/08 11/21/08 1,931.71 3,148.26 (1,216.55)423.0000 07/25/08 11/21/08 1,988.11 3,164.04 (1,175.93)

1.0000 07/28/08 11/21/08 4.69 7.48 (2.79)430.0000 08/25/08 11/21/08 2,021.01 3,177.70 (1,156.69)

1.0000 08/26/08 11/21/08 4.70 7.39 (2.69)458.0000 09/25/08 11/21/08 2,152.62 3,192.26 (1,039.64)639.0000 10/24/08 11/21/08 3,003.32 3,469.77 (466.45)

1.0000 10/27/08 11/21/08 4.72 5.40 (0.68)

COHEN & STE INTL RLTY A 12787.7980 04/25/08 10/10/08 111,419.24 200,001.14 (88,581.90)137.0000 06/30/08 10/10/08 1,193.69 1,835.80 (642.11)

TEMPLETON BRIC FUND CL A 15547.2640 04/04/08 10/08/08 126,865.67 250,000.00 (123,134.33)

C&S ASIA PAC REAL SHRS A 40000.1170 04/16/07 02/21/08 457,433 95 600,001.75 (142,567.80)169.0000 06/29/07 02/21/08 1,932.65 2,506.27 (573.62)

1314.0000 12/31/07 02/21/08 15,026.66 17,712.72 (2,686.06)56.0000 12/31/07 02/21108 640.40 754.88 (114.48)

2765.0000 12/31/07 02/21/08 31,620.04 37,272.20 (5,652.16)


EIN: 39-6786592

2008 FORM 990-PF


MczMerrill Lvnch

RAY & KAY ECKSTEIN




Page33 of 87


Security Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Bas is Gain or (Loss)

C&S ASIA PAC REAL SHRS A 1.0000 01/02/08 02/21/08 11.44 13.30 (1.86)

1.0000 01/02/08 02121108 11.45 13.30 (1.85)

16115.7760 04/25/08 10/10/08 102,434.64 199,996.78 (97,562.14)

94.0000 06/30/08 10/10/08 597.50 997.34 (399.84)

C&S ASIA PAC REAL SHRS C 52.0000 06/29/07 01/18/08 652.08 768.56 (116.48)

844.0000 12/31/07 01/18/08 10,583.76 11,334.92 (751.16)

36.0000 12/31/07 01/18/08 451.44 483.48 (32.04)

1692.0000 12/31/07 01/18/08 21,217.68 22,723.56 (1,505.88)

1.0000 01/02/08 01/18108 12.56 13.25 (0.69)

VAN KAMP 593 231.0000 05/29/07 02/15/08 1,857.68 2,360.10 (502.42)

2.0000 06/26/07 02/15/08 16.08 19.91 (3.83)

1.0000 07/26/07 02/15/08 8 04 9.55 (1.51)

2.0000 08/28/07 02/15/08 16.08 18.00 (1.92)

2.0000 09/26/07 02/15/08 16.08 18.15 (2.07)

2.0000 10/26/07 02/15/08 16.08 17.80 (1.72)

2.0000 11/27/07 02/15/08 16.08 16.15 (0.07)

2.0000 12/27/07 02/15/08 16.08 16.17 (0.09)

2.0000 02/26/08 03/06/08 15.65 16.24 (0.59)

VAN KAMPEN UT 609 EAFE 59.0000 03/27/07 01/04/08 659.65 688.42 (28.77)

70.0000 04/26/07 01/04/08 782.64 857.30 (74 66)

194.0000 05/29/07 01/04/08 2,169.05 2,353.23 (184.18)

195.0000 06/26/07 01/04/08 2,180.23 2,308.83 (128.60)

148.0000 07/26/07 01/04/08 1,654.74 1,785.78 (131.04)

217.0000 09/26/07 01/04/08 2,426.20 2,479.00 (52.80)

63.0000 10/26/07 01/04/08 704.38 731.05 (26.67)

115.0000 11/27/07 01/04/08 1,285.79 1,328.71 (42.92)

VAN KAMPEN 614 CLSD END 219.0000 02/27/07 02/15/08 1,744.24 2,164.83 (420.59)

217.0000 03/27/07 02115/08 1,728.32 2,171.10 (442.78)

215.0000 04/26/07 02/15/08 1,712.39 2,150.44 (438.05)

221.0000 05/29/07 02/15/08 1,760.17 2,170.45 (410.28)

227.0000 06/26/07 02/15/08 1,807.96 2,174.44 (366.48)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN





Page34 of 87

Security Description QuantityDate AcquiredCover of Short

Date Liquidated Amortization/AccretionShort Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

VAN KAMPEN 614 CLSD END 241.0000 07/26/07 02/15/08 1,91947 2,224.68 (305.21)

259.0000 08/28/07 02/15/08 2,062.83 2,246.07 (183.24)256.0000 09/26/07 02/15/08 2,038.94 2,254.61 (215.67)

264.0000 10/26/07 02/15/08 2,102.66 2,281.50 (178.84)292.0000 02/26/08 03/06/08 2,274.30 2,343.59 (69.29)

VAN KAMPEN SER 658 EAFE 68426.0000 04/16/07 02/14/08 608,697.16 692,779.04 (84,081.88)29625.0000 05/02/07 02/14/08 263,535.11 303,771.79 (40,236.68)28985.0000 05/03/07 02/14/08 257,841.87 296,400.61 (38,558.74)1188.0000 06/26/07 02/14/08 10,568 09 12,115.22 (1,547.13)267.0000 07/26/07 02/14/08 2,375.15 2,734.88 (359.73)

329.0000 08/28/07 02/14/08 2,926.68 2,971.19 (44.51)415.0000 10/26/07 02/14/08 3,691.71 4,118.46 (426.75)684.0000 11/27/07 02/14/08 6,08466 6,630.69 (546.03)718.0000 12/27/07 02/14/08 6,387.13 6,767.86 (380.73)

VAN KAMPEN SER 646 30150.0000 04/16/07 01/18/08 223,164.26 295,639.19 (72,474.93)258.0000 07/26/07 01/18/08 1,909.66 2,297.29 (387.63)333.0000 01/03/08 01/18/08 2,464.81 2,696.96 (232.15)

VAN KMPN UT TRS 663 CLD 386.0000 10/26/07 10/16/08 1,694.54 3,150.65 (1,456.11)367.0000 11/27/07 10/16/08 1,611.13 2,756.29 (1,145.16)373.0000 12/27/07 10/16/08 1,637.47 2,780.08 (1,142.61)147.0000 01/03/08 10/16/08 645.33 1,125.70 (480.37)

403.0000 01/11/08 10/16/08 1,769.17 3,091.01 (1,321.84)378.0000 01/28/08 10/16/08 1,659.42 2,754.86 (1,095.44)377.0000 02/26/08 10/16/08 1,655.03 2,809.78 (1,154.75)403.0000 03/26/08 10/16/08 1,769.17 2,825.83 (1,056.66)381.0000 04/28/08 10/16/08 1,672.59 2,860.54 (1,187.95)375.0000 05/28/08 10/16/08 1,64625 2,890.12 (1,243.87)393.0000 06/26/08 10/16/08 1,725.27 2,905.84 (1,180.57)419.0000 07/28/08 10/16/08 1,839.41 2,882.72 (1,043.31)437.0000 08/26/08 10/16/08 1,918.43 2,908.67 (990.24)503.0000 09/26/08 10/16/08 2,208.18 2,933.99 (725.81)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page35 of 87



VAN KAMPEN UNIT TRS677 15000.0000 07/16/07 02/21/08 119,702.99 147,886.50 (28,183.51)48.0000 09/26/07 02/21/08 383.05 441.02 (57.97)70.0000 11/27/07 02/21/08 558.61 630.21 (71.60)27.0000 12/27/07 02/21/08 215.47 233.71 (18.24)36.0000 02/26/08 03/06/08 282.16 286.92 (4.76)

VAN KAMP UT TRS 716 CLD 25325.0000 01/10/08 10/13/08 133,954 05 249,904.57 (115,950.52)94.0000 02/26/08 10/13/08 497.20 865.27 (368.07)

215.0000 03/26/08 10/13/08 1,137.22 1,830.51 (693.29)303.0000 04/28/08 10/13/08 1,602.69 2,780.63 (1,177.94)160.0000 05/28/08 10/13/08 846.30 1,516.48 (670.18)212.0000 06/26/08 10/13/08 1,121.35 1,928.98 (807.63)333.0000 07/28/08 10/13/08 1,761.37 2,788.54 (1,027.17)185.0000 08/26/08 10/13/08 978.54 1,497.76 (519.22)227.0000 09/26/08 10/13/08 1,200.71 1,581.50 (380.79)

VAN KAMPEN 724 EAFE 31855.0000 01/02/08 02/21/08 283,601.88 315,364.50 (31,762.62)29200.0000 03/24/08 08/21/08 184,602.40 250,898.08 (66,295.68)

140.0000 04/28/08 08/21/08 885.08 1,245.44 (360.36)245.0000 05/28/08 08/21/08 1,548.89 2,118.76 (569.87)

391.0000 06/26/08 08/21/08 2,471.90 2,869.15 (397.25)247.0000 07/28/08 08/21/08 1,561.54 1,708.00 (146.46)113.0000 08/26/08 10/10/08 481.43 706.40 (224.97)

1.0000 09/26/08 10/10/08 4.27 6.19 (1.92)

VAN KAMPEN 749 EAFE 10000.0000 04/01/08 10/13/08 46,491.99 99,284.00 (52,792.01)30895.0000 04/25/08 10/13/08 143,637.04 299,214.99 (155,577.95)

18.0000 06/09/08 10/13/08 83.68 172.31 (88.63)311.0000 06/10/08 10/13/08 1,445.90 2,883.90 (1,438.00)431.0000 06/26/08 10/13/08 2,003.81 3,412.65 (1,408.84)404.0000 07/28/08 10/13/08 1,878.28 2,970.61 (1,092.33)156.0000 09/26/08 10/13/08 725.28 1,014.15 (288.87)

VAN KAMPEN 763 COHEN & 28511.0000 07/09/08 10/16/08 161,768.56 250,004.41 (88,235.85)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch

RAY & KAY ECKSTEIN





Date Acquired Date Liquidated Amortization/Accretion

Page36 of 87

Security Descriation Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

FT 1780 MACQUARIE TRANS 25459.0000 07/09/08 10/16/08 162,492.07 250,002.29 (87,510 22)

ALLIANZ RCM GLOBAL WATER 17766.6940 04/09/08 10/10/08 116,194.17 175,001.93 (58,807.76)19102.0000 06/06/08 10/10/08 124,927.09 199,997.93 (75,070.84)

DWS RREEF GLOBAL INFRAST 26260.4640 07/09/08 10/10/08 165,703.51 250,004.41 (84,300.90)32537.0000 08/14/08 10/10/08 205,308.48 299,999.99 (94,691.51)

1.0000 08/19/08 10/10/08 6.32 9.03 (2.71)

ALLIANCEBERN UTIL INCM A 16549.6390 04/04/08 10/10/08 239,307.76 400,004.77 (160,697.01)100.0000 06/24/08 10/10/08 1,446.00 2,507.00 (1,061.00)128.0000 09/23/08 10/10/08 1,850.88 2,513.92 (663.04)

1.0000 09/24/08 10/10/08 14.48 19.64 (5.16)

BLACKROCK EQ DIVIDEND C 6.0000 10/24/07 10/06/08 89.64 121.02 (31.38)139.0000 10/24/07 10/06/08 2,076.66 2,803.63 (726.97)38.0000 10/24/07 10/06/08 567.72 766.46 (198.74)1.0000 10/25/07 10/06/08 14.94 20.23 (5.29)1.0000 10/25/07 10/06/08 14.94 20.23 (5.29)5.0000 12/21/07 10/06/08 74.70 97.60 (22.90)

54.0000 12/21/07 10/06/08 806.76 1,054.08 (247.32)57.0000 12/21/07 10/06/08 851.58 1,112.64 (261.06)1.0000 12/24/07 10/06/08 14.94 20.01 (5.07)1.0000 12/24/07 10/06/08 14.94 20.01 (5.07)

41.0000 04/18/08 10/06/08 612.54 784.74 (172.20)37.0000 07/18/08 10/06/08 552.78 655.27 (102.49)1.0000 07/21/08 10/06/08 14.96 17.86 (2.90)

BLACKROCK GLOBAL ALLOC A 128.0000 12/17/07 10/16/08 1,923.84 2,502.40 (578.56)847.0000 12/17/07 10/16/08 12,730.41 16,558.85 (3,828.44)429.0000 12/17/07 10/16/08 6,447.87 8,386.95 (1,939.08)

1.0000 12/18/07 10/16/08 15.03 19.42 (4.39)9464.0000 06/04/08 10/16/08 142,243.94 188,333.59 (46,089.65)200.0000 07/18/08 10/16/08 3,006.01 3,760.00 (753.99)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch

RAY & KAY ECKSTEIN





Page37 of 87


BLACKROCK EQ DIVIDEND A 90000 10/24/07 10/06/08 137.16 184.86 (47.70)191.0000 10/24/07 10/06/08 2,910.84 3,923.14 (1,012.30)86.0000 10/24/07 10/06/08 1,310.64 1,766.44 (455.80)2.0000 10/25/07 10/06/08 30.48 41.18 (10.70)7.0000 12/21/07 10/06/08 106.68 139.02 (32.34)

74.0000 12/21/07 10/06/08 1,127.76 1,469.64 (341.88)119.0000 12/21/07 10/06/08 1,813.56 2,363.34 (549.78)

1.0000 12/24/07 10/06/08 15.24 20.36 (5.12)10000 12/24/07 10/06/08 15.24 20.36 (5.12)

91.0000 04/18/08 10/06/08 1,386.84 1,773.59 (386.75)1.0000 04/21/08 10/06/08 15.24 19.72 (4.48)

91.0000 07/18/08 10/06/08 1,386.86 1,640.73 (253.87)

BLACKROCK GLOBAL ALLOC C 91.0000 12/17/07 10/16/08 1,282.19 1,674.40 (392.21)604.0000 12/17/07 10/16/08 8,510.37 11,113.60 (2,603.23)248.0000 12/17/07 10/16/08 3,494.32 4,563.20 (1,068.88)

2.0000 12/18/07 10/16/08 28.18 36.56 (8.38)49.0000 07/18/08 10/16/08 690.43 865.83 (175.40)

SELIG GLBL GRWTH A 40857.0000 04/09/08 10/07/08 253,313.50 399,990.03 (146,676.53)

BLACKRCK GOV INC PORT C 176.0000 09/28/07 08/01/08 1,805.76 1,814.56 (8.80)1.0000 10/01/07 08/01/08 10.26 10 30 (0.04)

179.0000 10/31/07 08/01/08 1,836.54 1,856.23 (19.69)1.0000 11/01/07 08/01/08 10.25 10.43 (0.18)

176.0000 11/30/07 08/01/08 1,805.76 1,881.44 (75.68)174.0000 12/31/07 08/01/08 1,785.24 1,853.10 (67.86)

1.0000 01/02/08 08/01/08 10.26 10.74 (0.48)169.0000 01/31/08 08/01/08 1,733.94 1,857.31 (123.37)169.0000 02/29/08 08/01/08 1,733.94 1,870.83 (136.89)

1.0000 03/03/08 08/01/08 10.26 11.04 (0.78)181.0000 03/31/08 08/01/08 1,857.06 1,971.09 (114.03)

1.0000 04/01/08 08/01/08 10.26 10.79 (0.53)


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch

RAY & KAY ECKSTEIN




Page38 of 87



BLACKRCK GOV INC PORT C 186.0000 04/30/08 08/01/08 1,908.37 1,977.18 (68.81)190.0000 05/30/08 08/01/08 1,949.41 1,987.40 (37.99)

1.0000 06/02/08 08/01/08 10.26 10.51 (0.25)165.0000 06/30/08 08/01/08 1,692.91 1,717.65 (24.74)

IVY GLOBAL NATURAL 7890.1680 10/16/07 06/04/08 296,936.30 299,984.17 (3,047.87)

GLDMN SACHS H/YLD A 69541.9770 02/26/08 12/09/08 333,106.06 500,006.81 (166,900.75)15.0000 02/29/08 12/09/08 71.84 107.55 (35.71)

454.0000 03/31/08 12/09/08 2,174 66 3,237.02 (1,062 36)1.0000 04/01/08 12/09/08 4.78 7.14 (2.36)

438.0000 04/30/08 12/09/08 2,098.02 3,258.72 (1,160.70)441.0000 05/30/08 12/09/08 2,112.39 3,276.63 (1,164.24)

1 0000 06/02/08 12/09/08 4 79 7.42 (2.63)474.0000 06/30/08 12/09/08 2,270.46 3,370.14 (1,099.68)488.0000 07/31/08 12/09/08 2,337.52 3,391.60 (1,054.08)

1.0000 08/01/08 12/09/08 4.78 6.93 (2.15)502.0000 08/29/08 12/09/08 2,404.58 3,483.88 (1,079.30)

1.0000 09/02/08 12/09/08 4.79 6.96 (2.17)549.0000 09/30/08 12/09/08 2,629.71 3,513.60 (883.89)669.0000 10/31/08 12/09/08 3,204.52 3,539.01 (334.49)

1.0000 11/03/08 12/09/08 4.79 5.29 (0.50)702.0000 11/28/08 12/09/08 3,362.61 3,418.74 (56.13)

BLKROCK INTL OPP PORT A 4789.0180 06/04/08 10/06/08 119,438.11 188,447.85 (69,009.74)

CHN & STRS REALTY INC A 16128.1390 04/25/08 10/10/08 138,458.06 199,988.91 (61,530.85)153.0000 06/30/08 10/10/08 1,31348 1,626.39 (312.91)145.0000 09/30/08 10/10/08 1,244.81 1,576.15 (331.34)

1.0000 10/01/08 10/10/08 8 60 10.63 (2.03)

SELGMN COMM&INFO FD CL A 8213.6770 08/14/08 10/10/08 202,713.54 299,963.48 (97,249.94)1.0000 10/07/08 10/10/08 24.69 26.09 (1.40)


EIN: 39-6786592

2008 FORM 990-PF


Merrill 16ynch

RAY & KAY ECKSTEIN





Page39 of 87



AMERICAN CAP INC BLDR A 8437.6010 06/06/08 10/16/08 359,694.91 500,012.23 (140,317.32)7.0000 06/23/08 10/16/08 298.41 399.49 (101.08)

85.0000 09/19/08 10/16/08 3,623.55 4,443.80 (820.25)

1.0000 09/22/08 10/16/08 42.65 51.46 (8.81)

AMERICAN HIGH INCM TR A 452.0000 12/28/07 12/09/08 3,399.04 5,356.20 (1,957.16)1.0000 12/31/07 12/09/08 7.51 11.86 (4.35)

114.0000 12/31/07 12/09/08 857.27 1,350.90 (493.63)119.0000 12/31/07 12/09/08 894.87 1,410.15 (515.28)272 0000 01/28/08 12/09/08 2,045.44 3,141.60 (1,096.16)

21872.0000 02/26/08 12/09/08 164,477.49 249,996.95 (85,519.46)376.0000 02/28/08 12/09/08 2,827.52 4,297.68 (1,470.16)

1.0000 02/29/08 12/09/08 7.52 11.37 (3.85)527 0000 03/28/08 12/09/08 3,963.04 5,912.94 (1,949.90)

1.0000 03/31/08 12/09/08 7 51 11.19 (3.68)519.0000 04/28/08 12/09/08 3,902.88 6,004.83 (2,101.95)

1.0000 04/29/08 12/09/08 7.52 11.59 (4.07)520.0000 05/28/08 12/09/08 3,910.40 6,047.60 (2,137.20)540.0000 06/27/08 12/09/08 4,060.80 6,091.20 (2,030.40)555.0000 07/28/08 12/09/08 4,173.60 6,132.75 (1,959.15)562.0000 08/28/08 12/09/08 4,226.24 6,170.76 (1,944.52)

1.0000 08/29/08 12/09/08 7.51 10.97 (346)608.0000 09/26/08 12/09/08 4,572.17 6,213.76 (1,641.59)757.0000 10/28/08 12/09/08 5,692.65 6,260.39 (567.74)829.0000 11/28/08 12/09/08 6,234.11 6,316.98 (82.87)

TEMPLETN GLBL OPP CL A 11478.9770 04/04/08 10/10/08 150,948.53 250,012.11 (99,063.58)175.0000 09/04/08 10/10/08 2,301.25 3,309.25 (1,008.00)123.0000 09/04/08 10/10/08 1,617.45 2,325.93 (708.48)

1.0000 09/05/08 10/10/08 13.17 18.04 (4.87)

ALL/BER GLB BD FD INC A 61881.1600 02/20/08 10/07/08 449,257.21 499,999.77 (50,742.56)249.0000 03/20/08 10/07/08 1,807.73 2,014.41 (206.68)261.0000 04/18/08 10/07/08 1,894.86 2,114.10 (219.24)

266.0000 05/20/08 10/07/08 1,931.16 2,165.24 (234.08)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch

RAY & KAY ECKSTEIN






Page40 of 87

Security Description Quantity Cover of Short Short Sale Year-to-Date Life -to-Date Sales Price Cost Basis Gain or (Loss)

ALL/BER GLB BD FD INC A 1.0000 05 /21/08 10/07/08 7 . 26 8.12 (0.86)297.0000 06/20/08 10/07/08 2,156.22 2,352.24 (196.02)238.0000 07/18/08 10/07/08 1,727.88 1,863.54 (135.66)260.0000 08/20/08 10/07/08 1,887.60 2,046.20 (158.60)273.0000 09/19/08 10/07/08 1,981.98 2,066.61 (84.63)

1.0000 09/22/08 10/07/08 7 . 28 7.57 (0.29)Subtotal 16,696,832 . 50 21,900,958.57 (5,204,126.07)

NET SHORT TERM CAPITAL GAIN (LOSS) (4,676,563.32)

LONG TERM CAPITAL GAINSUS TSY 4. 250% AUG 15 201 100000 .0000 12/ 14/06 01/24/08 106,515.63 99 , 517.03 6,998.60

US TSY 5.625% MAY 15 200 100000.0000§ 05/16/06 05 /15/08 (321 . 86)(A) (1,622 . 50)(A) 100 , 000.00 100,000.00(c) 0.00

US TSY 4.875% FEB 15 201 100000.0000§ 01/09/06 02/12/08 (77.92)(A) (1,398.39)(A) 108 , 917.82 102,623.80(c) 6,294.02

US TSY 4.375% AUG 15 201 100000 .0000§ 12/14/06 02 / 12/08 (4.83)(A) (47.94)(A) 107,160.16 100,185.18(c) 6,974.98

US TSY 4.250% OCT 15 201 100000 .0000§ 01/09/06 03/31/08 (23 . 51)(A) (201 . 91)(A) 106 , 467.35 100,244.81(c) 6,222.54

US TSY 4. 750% MAR 31 201 100000 .0000 05 /16/06 01 /22/08 107,722.50 99,727.97 7 ,994.53

US TSY 4.875% APR 30 200 100000 .0000§ 04/25/07 04 /30/08 (56.05)(A) (165.47)(A) 100,000.00 100,000.00(c) 0.00

US TSY 4.875% MAY 31 200 200000.0000§ 05/25 /07 06/02/08 (87.69 )(A) (213.74)(A) 200, 000.00 200,000.00(c) 0.00

US TSY 4. 500% SEP 30 201 100000.0000§ 12/14/06 03 /03/08 ( 16.05)(A ) ( 113.80)(A) 108,214.69 100,332.92(c) 7,881.77

ISHARES RUSSELL 1000 14367 .0000 01/05/06 01/18/08 785,750.79 749,957.40 35,793.393781.0000 04/27/06 01/18/08 206,788.04 199 , 977.09 6,810.955703 . 0000 04/28/06 01 / 18/08 311,904.83 300,148.89 11,755.94


EIN: 39-6786592

2008 FORM 990-PF


6ZMerrill Lynch

RAY & KAY ECKSTEIN




Page41 of 87



ISHARES RUSSELL 1000 35390000 01/05/06 01/08/08 274,368.09 249,994.96 24,373.132685.0000 04/27/06 01/08/08 208,160.02 200,139.90 8,02012

VAN KAMPEN UT 609 EAFE 26785.0000 12/21/06 01/04/08 299,473.70 296,894.61 2,579.09

BLACKRCK GOV INC PORT C 180.0000 07/31/07 08/01/08 1,846.80 1,846.80 0.00Subtotal 3,133,290.42 3,001,591.36 131,699.06

LONG TERM CAPITAL LOSSESISHARES RUSSELL 1000 1786.0000 12/14/06 01/18/08 97,678.77 100,016.00 (2,337.23)

ISHARES RUSSELL 1000 1200.0000 12/14/06 01/08/08 93,032.41 99,936.00 (6,903.59)

BLACKROCK PFD & EQUITY 14000.0000 12/21/06 10/16/08 120,264.91 350,000.00 (229,735.09)2000.0000 12/21/06 10/17/08 18,983.49 50,000.00 (31,016.51)105.0000 03/14/07 10/17/08 996.63 2,499.21 (1,502.58)106.0000 04/12/07 10/17/08 1,006.12 2,494.18 (1,488.06)

5000.0000 04/24/07 10/17/08 47,458.74 115,510.00 (68,051.26)108.0000 05/15/07 10/17/08 1,025.10 2,554.09 (1,528.99)681.0000 05/25/07 10/17/08 6,463.89 15,560.85 (9,096.96)300.0000 05/25/07 10/20/08 2,885.98 6,854.99 (3,969.01)

1019.0000 05/25/07 10/21/08 9,170.94 23,284.16 (14,113.22)3981.0000 06/07/07 10/21/08 35,828.80 89,572.50 (53,743.70)

COHEN & STEERS CLOSED 9871.0000 11/20/06 10/16/08 85,014.49 197,420.01 (112,405.52)79.0000 01/03/07 10/16/08 680 39 1,611.60 (931.21)58.0000 02/01/07 10/16/08 499.52 1,200.94 (701.42)61.0000 03/07/07 10/16/08 525.36 1,176.08 (650.72)62.0000 04/10/07 10/16/08 533.97 1,213 34 (679.37)60.0000 05/14/07 10/16/08 516.75 1,192.68 (675.93)

1009.0000 05/25/07 10/16/08 8,690.09 19,372.80 (10,682.71)991.0000 05/25/07 10/17/08 9,585.49 19,027.20 (9,441.71)62.0000 . 06/15/07 10/17/08 599.69 1,210.11 (610.42)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN


Taxayer No.39-6786592


Page42 of 87



COHEN & STEERS CLOSED 78.0000 07/12/07 10/17/08 754 45 1,471.00 (716.55)1869.0000 07/18/07 10/17/08 18,078.00 34,643.03 (16,565.03)1331.0000 07/18/07 10/17/08 12,205.19 24,670.89 (12,465.70)

1000.0000 07/18/07 10/17/08 9,169.95 18,510.00 (9,340.05)669.0000 07/19/07 10/17/08 6,134.70 12,389.88 (6,255.18)131.0000 07/19/07 10/20/08 1,299.51 2,426.12 (1,126.61)85.0000 08/14/07 10/20/08 84319 1,457.92 (614.73)

115.0000 09/14/07 10/20/08 1,140.79 2,055.85 (915.06)120.0000 10/15/07 10/20/08 1,190.39 2,077.08 (886.69)

EATON VANCE TAX-MANAGED 4999.0000 02/22/07 10/13/08 46,909.34 99,980.00 (53,070.66)

118.0000 06/01/07 10/13/08 1,107.28 2,362.36 (1,255.08)

133.0000 09/14/07 10/13/08 1,248.03 2,424.85 (1,176.82)

NUVEEN MULTI-CURRENCY SH 7000.0000 04/25/07 06/09/08 126,115.48 140,000.00 (13,884.52)18000.0000 04/25/07 08/01/08 311,292.03 360,000.00 (48,707.97)

580.0000 07/03/07 08/01/08 10,030.52 11,272.88 (1,242.36)

COHEN & STEERS GLOBAL 10000.0000 07/26/07 10/13/08 81,506.53 200,000.00 (118,493.47)87.0000 10/08/07 10/13/08 709.10 1,698.24 (989.14)

ALLIANZ NACM PAC RM FD C 13259.0000 06/25/07 10/08/08 120,524.31 224,740.05 (104,215.74)4440.1740 06/25/07 10/10/08 37,563.86 75,260.94 (37,697.08)5538.0000 07/16/07 10/10/08 46,851.48 100,016.28 (53,164.80)

ING GLOBAL REAL ESTATE C 9230.5810 03/01/07 10/08/08 112,059.24 200,026.69 (87,967.45)4702.0000 03/06/07 10/08/08 57,082.28 100,011.54 (42,929.26)215.0000 04/04/07 10/08/08 2,610.09 4,676.25 (2,066.16)68.0000 07/05/07 10/08/08 825.51 1,382.44 (556.93)10000 07/06/07 10/08/08 12.14 20.64 (8.50)

4864.0000 07/16/07 10/08/08 59,048.97 100,003.84 (40,954.87)87.0000 10/03/07 10/08/08 1,056.18 1,858.32 (802.14)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch

RAY & KAY ECKSTEIN




Page43 of 87



VAN KAMPEN SENIOR LOAN A 77177.9320 04/16/07 11/21/08 362,736.27 700,008.45 (337,272.18)102.0000 04/25/07 11/21/08 479.40 925.14 (445.74)481.0000 05/25/07 11/21/08 2,260.69 4,367.48 (2,106.79)

1.0000 05/29/07 11121108 4.70 9.08 (4.38)476.0000 06/25/07 11/21/08 2,237.20 4,312.56 (2,075.36)

1.0000 06/26/07 11/21/08 4.70 9.06 (4.36)498.0000 07/25/07 11/21/08 2,340.60 4,412.28 (2,071.68)503.0000 08/24/07 11/21/08 2,364.10 4,315.74 (1,951.64)

1.0000 08/27/07 11/21/08 4 70 8.58 (3.88)504.0000 09/25/07 11/21/08 2,36880 4,344.48 (1,975.68)505.0000 10/25/07 11/21/08 2,373.50 4,373.30 (1,999.80)

1.0000 10/26/07 11/21/08 4.70 8.65 (3.95)

VAN KAMPEN SENIOR LOAN C 16537.6130 12/14/06 11/21/08 77,726.77 149,003.88 (71,277.11)11098.0000 12/20/06 11/21/08 52,160 59 99,992.98 (47,832.39)26637.0000 12/21/06 11/21/08 125,193.90 239,999.36 (114,805.46)

14.0000 12/22/06 11/21/08 65.79 126.14 (60.35)

1.0000 12/26/06 11/21/08 4.70 9.01 (4.31)

114.0000 12/29/06 11/21/08 535.80 1,026.00 (490.20)

1.0000 01/03/07 11/21/08 4.69 9.01 (4.32)243.0000 01/25/07 11/21/08 1,142.09 2,194.29 (1,052.20)330.0000 02/23/07 11/21/08 1,550 99 2,999.70 (1,448.71)

28602 0000 03/08/07 11/21/08 134,429.43 259,992.18 (125,562.75)1.0000 03/13/07 11/21/08 4.69 9.09 (4.40)

400.0000 03/23/07 11/21/08 1,880.00 3,628.00 (1,748.00)480.0000 04/25/07 11/21/08 2,256.00 4,353.60 (2,097.60)

1.0000 04/26/07 11/21/08 4.70 9.07 (4.37)483.0000 05/25/07 11/21/08 2,270.10 4,380.81 (2,110.71)476.0000 06/25/07 11/21/08 2,237.20 4,312.56 (2,075.36)489.0000 07/25/07 11/21/08 2,298.30 4,332.54 (2,034.24)

1.0000 07/26/07 11/21/08 4.70 8.82 (4.12)494.0000 08/24/07 11/21/08 2,321.80 4,238.52 (1,916.72)

1.0000 08/27/07 11/21/08 4.70 8.58 (3.88)495.0000 09/25/07 11/21/08 2,326.50 4,266.90 (1,940.40)496.0000 10/25/07 11/21/08 2,331.20 4,290.40 (1,959.20)


EIN: 39 -6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN






Page44 of 87


C&S ASIA PAC REAL SHRS C 19098.7720 12/14/06 01/18/08 239,498.59 250,002.92 (10,504.33)6049.0000 12/21/06 01/18/08 75,854.45 78,999.94 (3,145.49)

79.0000 12/22/06 01/18/08 990.66 1,018.31 (27.65)431.0000 12/22/06 01/18/08 5,404.74 5,555.59 (150.85)

1.0000 12/26/06 01/18/08 12.54 12.93 (0.39)

VAN KAMP 587 VAN KAMP 7000.0000 05/30/06 10/13/08 76,961.50 155,098.86 (78,137.36)

VAN KAMPEN 614 CLSD END 33420.0000 10/12/06 02/15/08 266,176.93 327,799.02 (61,622.09)314.0000 11/28/06 02/15/08 2,50088 3,00630 (505.42)209.0000 12/27/06 02/15/08 1,664.60 2,077.71 (413.11)112.0000 01/12/07 02/15/08 892.03 1,130.31 (238.28)348.0000 01/17/07 02/15/08 2,771.68 3,441.40 (669.72)214.0000 01/26/07 02/15/08 1,704.42 2,110.70 (406.28)

VAN KAMPEN UT 657 PFD 10400.0000 03/15/07 08/20/08 192,906.48 257,333.44 (64,426.96)

VAN KAMPEN UT PFD SEC 16000.0000 05/02/07 10/10/08 175,676.80 394,841.76 (219,164.96)

VAN KMPN UT TRS 663 CLD 40080.0000 04/16/07 10/16/08 175,951.20 392,888.86 (216,937.66)252.0000 05/29/07 10/16/08 1,106.27 2,361.79 (1,255.52)278.0000 06/26/07 10/16/08 1,220.42 2,552.92 (1,332.50)308.0000 07/26/07 10/16/08 1,35212 2,673.49 (1,321.37)328.0000 08/28/07 10/16/08 1,439.92 2,696.21 (1,256.29)326.0000 09/26/07 10/16/08 1,431.14 2,711.38 (1,280.24)

BLACKROCK EQ DIVIDEND C 14705.4440 08/25/06 10/06/08 219,699.32 249,992.54 (30,293.22)5.0000 10/12/06 10/06/08 74.70 84.30 (9.60)

191.0000 10/12/06 10/06/08 2,853.54 3,220.26 (366.72)61.0000 10/12/06 10/06/08 911.33 1,028.46 (117.13)1.0000 10/13/06 10/06/08 14.94 17.07 (2.13)1.0000 10/13/06 10/06/08 14.94 17.07 (2.13)1.0000 12/20/06 10/06/08 14.94 17.88 (2.94)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page45 of 87



BLACKROCK EQ DIVIDEND C 66.0000 12/20/06 10/06/08 986.04 1,180.08 (194.04)15.0000 04/20/07 10/06/08 224 10 284.85 (60.75)35.0000 07/20/07 10/06/08 522.90 716.45 (193.55)

1.0000 07/23/07 10/06/08 14.94 20.34 (5.40)

BLACKROCK GLOBAL ALLOC A 13130.8180 04/16/07 10/16/08 197,356.18 250,010.77 (52,654.59)9935.0000 07/16/07 10/16/08 149,323 04 199,991.54 (50,668.50)244.0000 07/20/07 10/16/08 3,667.32 4,870.24 (1,202.92)

1.0000 07/23/07 10/16/08 15.02 16.50 (1.48)

BLACKROCK EQ DIVIDEND A 5530.7130 12/21/06 10/06/08 84,288.06 99,05.28 (15,707.22)

15447.0000 04/16/07 10/06/08 235,412.28 299,980.73 . (64,568.45)

1.0000 04/19/07 10/06/08 15.24 19.31 (4.07)53.0000 04/20/07 10/06/08 807.72 1,023.43 (215.71)1.0000 04/23/07 10/06/08 15.23 19.48 (4.25)

83.0000 07/20/07 10/06/08 1,264.92 1,728.06 (463.14)1.0000 07/23/07 10/06/08 15.24 20.69 (5.45)

BLACKROCK GLOBAL ALLOC C 15233.5080 08/25/06 10/16/08 214,640.12 250,003.75 (35,363.63)

1.0000 08/31/06 10/16/08 14.09 16.41 (2.32)64.0000 12/14/06 10/16/08 901.75 1,093.12 (191.37)110.0000 12/14/06 10/16/08 1,549.90 1,878.80 (328.90)128.0000 12/14/06 10/16/08 1,803.52 2,186.24 (382.72)

1.0000 12/15/06 10/16/08 14.08 17.15 (3.07)1.0000 12/15/06 10/16/08 14.09 17.15 (3.06)

124.0000 07/20/07 10/16/08 1,747.16 2,337.40 (590.24)1.0000 07/23/07 10/16/08 14.09 18.90 (4.81)

BLACKRCK GOV INC PORT C 11509.3920 01/06/06 08/01/08 118,086.35 124,991.99 (6,905.64)20.0000 01/31/06 08/01/08 205 20 215.80 (10.60)30.0000 02/28/06 08/01/08 307.80 323.40 (15.60)31.0000 03/31/06 08/01/08 318.06 328.91 (10.85)

31.0000 04/28/06 08/01/08 318.05 326.43 (8.38)1.0000 05/01/06 08/01/08 10.26 10.49 (0.23)

14312.0000 05/16/06 08/01/08 146,841.12 149,989.76 (3,148.64)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN





Page46 of 87


BLACKRCK GOV INC PORT C 1.0000 05/19/06 08/01/08 10 25 10.51 (0.26)48.0000 05/31/06 08/01/08 492 48 502.56 (10 08)

9551.0000 05/31/06 08/01/08 97,993.26 99,998.97 (2,005.71)93.0000 06/30/06 08/01/08 954.18 972.78 (18.60)1.0000 07/03/06 08/01/08 10.25 10.46 (0.21)

96.0000 07/31/06 08/01/08 984.96 1,013.76 (28.80)16431.0000 08/29/06 08/01/08 168,582.08 174,990.14 (6,408.06)

95.0000 08/31/06 08/01/08 974.70 1,015.55 (40.85)1.0000 09/01/06 08/01/08 10.25 10.70 (0.45)1.0000 09/01/06 08/01/08 10.26 10.70 (0.44)

132.0000 09/29/06 08/01/08 1,354.32 1,415.04 (60.72)1.0000 10/02/06 08/01/08 10.26 10.72 (0.46)

168.0000 10/31/06 08/01/08 1,723.68 1,806.00 (82.32)168.0000 11/30/06 08/01/08 1,723.68 1,822.80 (99.12)

1.0000 12/01/06 08/01/08 10 26 10 84 (0.58)87.0000 12/26/06 08/01/08 892.62 943.95 (51.33)163.0000 12/29/06 08/01/08 1,672.38 1,747.36 (74.98)

1.0000 01/03/07 08/01/08 10.26 10.75 (0.49)168.0000 01 /31 /07 08/01/08 1,723.68 1,785.84 (62.16)167.0000 02/28/07 08/01/08 1,713.42 1,793.58 (80.16)168.0000 03/30/07 08/01/08 1,723.68 1,794.24 (70.56)

1.0000 04/02/07 08/01/08 10.26 10.69 (0.43)168.0000 04/30/07 08/01/08 1,723.68 1,794.24 (70 56)170.0000 05/31/07 08/01/08 1,744.20 1,790.10 (45.90)

1.0000 06/01/07 08/01/08 10.26 10.52 (0.26)178.0000 06/29/07 08/01/08 1,826.28 1,838.74 (12.46)

1.0000 07/02/07 08/01/08 10.25 10.35 (0.10)

AMERICAN HIGH INCM TR A 54474.9950 05/25/07 12/09/08 409,651.95 700,003.68 (290,351.73)275.0000 06/28/07 12/09/08 2,067.99 3,465.00 (1,397.01)340.0000 07/27/07 12/09/08 2,556.80 4,103.80 (1,547.00)

1.0000 07/30/07 12/09/08 7.52 12.08 (4.56)341.0000 08/28/07 12/09/08 2,564.31 4,126.10 (1,561.79)336.0000 09/28/07 12/09/08 2,526.72 4,149.60 (1,622.88)

1.0000 10/01/07 12/09/08 7.52 12.36 (4.84)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch

RAY & KAY ECKSTEIN




Page47 of 87


Security Description QuantityDate Acquired Date Liquidated Amortization/AccretionCover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

AMERICAN HIGH INCM TR A 338.0000 10/26/07 12/09/08 2,541.76 4,177.68 (1,635.92)353.0000 11/28/07 12/09/08 2,654.55 4,197.17 (1,542.62)

1.0000 11/29/07 12/09/08 7.51 11.93 (4.42)

Subtotal 5 ,719,051 .49 8,901 , 146.23 (3,182,094.74)

NET LONG TERM CAPITAL GAIN (LOSS)

TOTAL CAPITAL GAINS AND LOSSESTOTAL REPORTABLE GROSS PROCEEDSDIFFERENCE

(3,050,395.68)

32,854,823.98 40,581,782.98 (7,726,959.00)32,851,340.59

3,483.39-

Note- Capital gains and losses in this statement are not reported to the IRS.• Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation offractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).(S) - Short Sale§ - Bonds purchased at a premium show amortization.• Bonds purchased at a discount show accretion.(A) - Year-to-Date and Life-to-Date amortization/accretion figures are net adjustments and may include original issue discount, and/or premium or market discount

adjustments, if applicable. These figures assume that the client has made all elections to amortize bond premium and accrete market discount on a current basis. Anegative figure indicates a net reduction in cost basis due to such factors as premium amortization.

(C) - The cost basis reflects adjustments for amortized and/or accreted amounts.(G) - Contingent Payment Debt Instrument (CPDI) Gain recognized on the sale, exchange, or retirement of a CPDI is treated as ordinary interest income. Loss is

treated as ordinary loss to the extent of the holder's total OID inclusions (including any positive adjustments) with respect to the instrument exceed the total netnegative adjustments. Any additional loss is treated as capital loss Accordingly, gains and ordinary losses should be backed out of Schedule D, Form 1040 andshown on Schedule B, Form 1040. The adjusted basis shown is generally original cost increased by accrued OID and decreased by the amount of any projectedpayment previously made on the debt instrument. Where the instrument was purchased in the secondary market at a price greater than the adjusted issue price,the adjusted basis is also reduced by the allocable portion of the difference between purchase price and adjusted issue price. The differential is reflected in the"Amortization/Accretion" columns, but is not included as a negative adjustment in the "Additional Information on Contingent Payment Debt Instruments" section ofthe Tax Reporting Statement. Thus, you may need to make an additional adjustment on your return for this amount. If you held an instrument purchased atoriginal issuance until maturity, and the instrument provided for a single projected payment at maturity, the adjusted basis shown is equal to the amount realizedat maturity (gain/loss is shown as $0.00) and any gain/loss that would have resulted had the basis not been set to the amount realized, is reflected as a netpositive or negative adjustment in the "Additional Information on Contingent Payment Debt Instruments" section of the Tax Reporting Statement. Please contactyour tax advisor for more information.


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




REALIZED CAPITAL GAIN AND LOSS SUMMARY

Page48 of 87

SHORT TERM GAINS

TOTAL 527,562.75


EIN: 39-6786592

2008 FORM 990-PF


SHORT TERM LOSSES

(5,204,126.07)

LONG TERM GAINS

131, 699.06

LONG TERM LOSSES

(3,182,094.74)

FACII66£,S Merrill Lynch

MERRILL LYNCH TRUST COMPANY

Account No.2BL-74C42


2008 ANNUAL STATEMENT SUMMARYYour Tax Reporting Statement information that follows is a personal summary of your account activity and is not reported to the IRS.

Page10 of 25

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral, or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your fax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of DID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt secur-it on purchasedate was equal to its adjusted issue price . The diference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract . In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these items with your tax advisor. For select clients , we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSANNALY CAP MGMT INC 1590.0000 11/08/07 01/18/08 28,622.58 27,846.15 776.43

1235.0000 11/08/07 02/14/08 25,255.47 21,628.92 3,626.55

DIANA SHIPPING INC 750.0000 12/18/07 02/14/08 23,371.39 21,749.92 1,621.47

DEVELOPERS DVSFD RLTY CP 560.0000 12/18/07 02/14/08 21,551.58 21,446.03 105.55

TORTOISE ENERGY 875.0000 12/18/07 01/18/08 28,518.09 28,410.63 107.46675.0000 12/18/07 02/14/08 22,043.50 21,916.77 126.73

KAYNE ANDERSON MLP 1020.0000 12/18/07 01/18/08 29,461.12 28,138.84 1,322.28790.0000 12/18/07 02/14/08 23,757.72 21,793.80 1,963.92

SUNTRUST BKS INC COM 345.0000 12/18/07 02/14/08 21,887.55 21,578.75 308.80

VENTAS INC 235.0000 08/23/07 02/14/08 9,792.37 8,733.11 1,059.26Subtotal 234,261.37 223,242.92 11,018.45


EIN: 39-6786592

2008 FORM 990-PF


MFA

Merrill Lynch






Page11 of 25

Date Acquired Date Liquidated Amortization/AccretionSecur^Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

SHORT TERM CAPITAL LOSSESAMER CAP STRTGIC LTD 30.0000 01/23/07 01/18/08 854.99 1,339.95 (484.96)

35.0000 04/05/07 01/18/08 997.49 1,476.23 (478.74)

ARES CAPITAL CORP 1892.0000 02/28/07 01/18/08 24,137.00 38,275.91 (14,138.91)83.0000 04/03/07 01/18/08 1,058.87 1,518.07 (459.20)151.0000 02/28/07 02/14/08 1,976.08 3,054.80 (1,078.72)

1379.0000 03/01/07 02/14/08 18,046.49 27,566.75 (9,520.26)

AIRCASTLE LTD 1038.0000 02/21/07 01/18/08 22,226.76 36,389.78 (14,163.02)32.0000 04/17/07 01/18/08 685.22 1,123.84 (438.62)

700.0000 02/21/07 02/14/08 15,858.25 24,540.33 (8,682.08)130.0000 02/22/07 02/14/08 2,945.11 4,570.17 (1,625.06)

BANK OF AMERICA CORP 456.0000 05/04/07 01/18/08 16,210.56 23,418.65 (7,208.09)525.0000 05/04/07 02/14/08 22,338.50 26,962.26 (4,623.76)

BROOKDALE SR LIVING INC 945.0000 09/04/07 01/18/08 20,623.55 35,997.31 (15,373.76)531.0000 09/04/07 02/14/08 11,969.87 20,227.07 (8,257.20)199.0000 09/05/07 02/14/08 4,485.89 7,664.18 (3,178.29)599.0000 09/05/07 03/20/08 13,599.31 23,069.58 (9,470.27)

1153.0000 09/05/07 03/24/08 27,928.22 44,406.08 (16,477.86)207.0000 09/06/07 03/24/08 5,014.01 8,037.37 (3,023.36)449.0000 09/06/07 03/25/08 10,805.38 17,433.72 (6,628.34)318.0000 09/06/07 03/26/08 7,724.92 12,347.28 (4,622.36)121.0000 09/07/07 03/26/08 2,939.37 4,714.35 (1,774.98)913.0000 09/07/07 03/27/08 22,697.46 35,571.94 (12,874.48)192.0000 12/18/07 03/27/08 4,773.19 5,663.50 (890.31)497.0000 12/18/07 03/28/08 12,234.36 14,660.20 (2,425.84)141 0000 12/18/07 03/31/08 3,381 28 4,159.14 (777 86)

DIANA SHIPPING INC 965.0000 12/18/07 01/18/08 22,027.62 27,984.90 (5,957.28)


EIN: 39-6786592

2008 FORM 990-PF


Rc^Merrill Lynch





Page120125




DIAMONDROCK HOSPITALITY 1870.0000 05/04/07 01/18/08 24,801.80 35,277.92 (10,476.12)1445.0000 05/04/07 02/14/08 19,136.93 27,260.21 (8,123.28)

DEVELOPERS DVSFD RLTY CP 725.0000 12/18/07 01/18/08 23,835.38 27,764.96 (3,929.58)

ENTERTAINMENT PPTYS TR 15.0000 04/17/07 01/18/08 668.73 942.45 (273.72)

FELCOR LODGING TRUST TEX 1725.0000 12/18/07 01/18/08 21,660.66 27,858.75 (6,198.09)1340.0000 12/18/07 02/14/08 17,873.39 21,640.99 (3,767.60)

COHEN AND STEERS QUALITY 18.0000 02/13/07 01/18/08 262.04 483.66 (221.62)20.0000 03/07/07 01/18/08 291.16 478.12 (186.96)19.0000 04/11/07 01/18/08 276.61 465.88 (189.27)21.0000 05/09/07 01/18/08 305.74 503.16 (197.42)

COHEN AND STIRS A I RY FD 16.0000 02/07/07 01/18/08 230.43 447.04 (216.61)19.0000 03/12/07 01/18/08 273.64 474.08 (200.44)18.0000 04/10/07 01/18/08 259.24 461.70 (202.46)19.0000 05/14/07 01/18/08 273.66 477.79 (204.13)

APOLLO INVESTMENT CORP 79.0000 04/03/07 01/18/08 1,128.75 1,679.54 (550.79)

COHEN & STEERS WORLDWIDE 1695.0000 12/18/07 01/18/08 25,672.92 28,042.75 (2,369.83)1315.0000 12/18/07 02/14/08 20,091.66 21,755.88 (1,664.22)

HOST HOTELS & RESORTS 1630.0000 12/18/07 01/18/08 25,248.31 28,053.93 (2,805.62)1260.0000 12/18/07 02/14/08 21,507.96 21,685.85 (177.89)

ISTAR FINANCIAL INC 1045.0000 11/08/07 01/18/08 23,449.44 30,320.77 (6,871.33)810.0000 11/08/07 02/14/08 18,292.51 23,502.23 (5,209.72)1984.0000 11/08/07 03/07/08 30,976.04 57,565.97 (26,589.93)2410.0000 11/09/07 03/07/08 37,627.16 71,135.97 (33,508.81)706.0000 11/12/07 03/07/08 11,022.73 21,650.34 (10,627.61)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page13 of 25




INTEGRYS ENERGY GROUP 555.0000 12/18/07 01/18/08 27,620.59 27,979.65 (359.06)430.0000 12/18/07 02/14/08 20,820.71 21,677.93 (857.22)

LASALLE HOTEL PPTYS BN I 4.0000 02/16/07 01/18/08 114.10 189.96 (75.86)5.0000 03/16/07 01/18/08 142.62 222.75 (80.13)

4.0000 04/16/07 01/18/08 114.11 191.20 (77.09)20.0000 05/04/07 02/14/08 570.78 934.74 (363.96)

MACQUARIE INFRASTRUCTURE 780.0000 02/09/07 01/18/08 24,471.65 29,968.22 (5,496.57)

PACCAR INC 570.0000 10/15/07 01/18/08 25,102.41 31,304.40 (6,201.99)440.0000 10/15/07 02/14/08 19,139.82 24,164.80 (5,024.98)186.0000 10/15/07 03/24/08 8,805.62 10,215.12 (1,409.50)

1127.0000 10/16/07 03/24/08 53,354.52 62,710.67 (9,356.15)403.0000 10/16/07 03/25/08 18,805.38 22,424.50 (3,619.12)

1049.0000 10/17/07 03/25/08 48,950.00 55,697.60 (6,747.60)

PINNACLE WEST CAP CORP 665.0000 12/18/07 01/18/08 26,500.17 28,203.38 (1,703.21)520.0000 12/18/07 02/14/08 19,135.78 22,053.77 (2,917.99)

3245.0000 12/18/07 03/07/08 112,471.43 137,624.02 (25,152.59)

SIMON PROPERTY GROUP DEL 315.0000 12/18/07 01/18/08 24,377.47 27,730.77 (3,353.30)245.0000 12/18/07 02/14/08 20,829.67 21,568.37 (738.70)

SOUTHERN COPPER CORP 280.0000 10/15/07 01/18/08 23,124.84 38,270.54 (15,145.70)215.0000 10/15/07 02/14/08 21,607.26 29,386.30 (7,779.04)

SUNTRUST BKS INC COM 445.0000 12/18/07 01/18/08 25,969.84 27,833.46 (1,863.62)

US BANCORP (NEW) 23.0000 04/17/07 01/18/08 684.94 802.60 (117.66)

TEEKAY OFFSHORE PARTNERS 1130.0000 12/18/07 01/18/08 26,569.62 28,171.46 (1,601.84)875.0000 12/18/07 02/14/08 20,125.73 21,814.18 (1,688.45)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page14 of 25



SUNCORP-METWAY LIMITED 1820.0000 12/18/07 01/18/08 24,934.00 27,573.00 (2,639.00)1410.0000 12/18/07 02/14/08 19,035.00 21,361.50 (2,326.50)

Subtotal 1,236,084.70 1 , 622,178.19 (386,093.49)

NET SHORT TERM CAPITAL GAIN (LOSS) (375,075.04)

LONG TERM CAPITAL GAINSAMER CAP STRTGIC LTD 394.0000 06/02/06 02/14/08 13,671 65 13,553.60 118.05

AUST NW Z B G ADR 172.0000 11/28/05 01/18/08 19,747.01 15,182.44 4,564.57

51.0000 01/10/06 01/18/08 5,855.22 4,683.84 1,171.38

12.0000 12/28/06 01/18/08 1,377.70 1,356.00 21.7035.0000 01/10/06 02/14/08 3,808.30 3,214.40 593.90

150.0000 05/31/06 02/14/08 16,321 32 15,135.00 1,186.32

ENTERTAINMENT PPTYS TR 354.0000 11/28/05 01/18/08 15,781.81 15,216.90 564.91

191.0000 01/10/06 01/18/08 8,515.05 8,134.69 380.3620.0000 07/17/06 01/18/08 891.63 849.00 42.63

28.0000 01/10/06 02/14/08 1,277.50 1,192.52 84.9814.0000 02/07/06 02/14/08 638.75 576.10 62.65

418.0000 05/31/06 02/14/08 19,071.29 17,033.49 2,037.80

US BANCORP (NEW) 670.0000 05/31/06 02/14/08 21,801.56 20,696.30 1,105.26

VENTAS INC 663.0000 05/31/06 01/18/08 26,433.07 21,742.83 4,690.242.0000 06/08/06 01/18/08 79.74 63.31 16.43

149.0000 06/08/06 02/14/08 6,208.77 4,717.35 1,491 42131.0000 12/26/06 02/14/08 5,458.72 5,435.19 23.53


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page15 of 25




WESTPAC BANKING ADR 38.0000 02/06/06 01/18/08 4,342.64 3,368.28 974.36192.0000 05/31/06 01/18/08 21,941.81 16,765.18 5,176.6375.0000 05/31/06 02/14/08 8,070.90 6,548.91 1,521.9986.0000 06/08/06 02/14/08 9,254.63 6,941.92 2,312.7114.0000 12/26/06 02/14/08 1,506.57 1,333.07 173.50

Subtotal 212,055.64 183,740.32 28,315.32

LONG TERM CAPITAL LOSSESAMER CAP STRTGIC LTD 399.0000 11/28/05 01/18/08 11,371.31 15,365.49 (3,994.18)

174.0000 01/10/06 01/18/08 4,958.93 6,253.55 (1,294.62)17.0000 07/14/06 01/18/08 484.49 538.11 (53.62)97.0000 01/10/06 02/14/08 3,365.86 3,486.19 (120.33)14.0000 03/16/06 02/14/08 485.79 505.06 (19.27)

BANK OF AMERICA CORP 219.0000 12/26/06 01/18/08 7,785.32 11,804.11 (4,018.79)

ENTERTAINMENT PPTYS TR 15.0000 01/17/07 01/18/08 668.72 915.00 (246.28)

COHEN AND STEERS QUALITY 783.0000 11/28/05 01/18/08 11,399.12 15,368.49 (3,969.37)352.0000 01/10/06 01/18/08 5,12451 7,536.32 (2,411.81)36.0000 02/07/06 01/18/08 524.09 738.00 (213.91)

201.0000 05/31/06 01/18/08 2,926.23 4,096.38 (1,170.15)17.0000 07/18/06 01/18/08 247.49 369.68 (122.19)16.0000 08/15/06 01/18/08 232.93 359.87 (126.94)16.0000 09/14/06 01/18/08 232.93 376.72 (143.79)16.0000 11/10/06 01/18/08 232.93 384.99 (152.06)14.0000 12/07/06 01/18/08 203.81 363.95 (160.14)

226.0000 01/16/07 01/18/08 3,290.18 5,852.27 (2,562.09)996.0000 05/31/06 02/14/08 15,317.30 20,298.48 (4,981.18)183.0000 06/08/06 02/14/08 2,814.32 3,777.12 (962.80)181.0000 12/26/06 02/14/08 2,783.58 4,280.65 (1,497.07)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page16 of 25




COHEN AND STRS A I RY FD 743.0000 11/28/05 01/18/08 10,700.81 15,380.10 (4,679.29)317 0000 01/10/06 01/18/08 4,56549 7,240.28 (2,674.79)20.0000 02/07/06 01/18/08 288.04 444.40 (156.36)

227.0000 05/31/06 01/18/08 3,269.30 4,948.60 (1,679.30)16.0000 07/14/06 01/18/08 230.43 367.95 (137.52)15.0000 08/11/06 01/18/08 216.03 366.10 (150.07)15.0000 09/13/06 01/18/08 216.03 379.09 (163.06)14.0000 11/10/06 01/18/08 201.63 363.69 (162.06)14.0000 12/08/06 01/18/08 201.63 396.83 (195.20)

247.0000 01/10/07 01/18/08 3,557.34 6,552.91 (2,995.57)912.0000 05/31/06 02/14/08 13,780.80 19,881.60 (6,100.80)167.0000 06/08/06 02/14/08 2,523.46 3,692.37 (1,168.91)241.0000 12/26/06 02/14/08 3,641.64 6,432.29 (2,790.65)

APOLLO INVESTMENT CORP 1624.0000 05/31/06 01/18/08 23,203.51 30,664.69 (7,461.18)62.0000 01/03/07 01/18/08 885.85 1,383.84 (497.99)

942.0000 05/31/06 02/14/08 14,223.09 17,787.04 (3,563.95)233.0000 06/08/06 02/14/08 3,518.03 4,305.84 (787.81)195.0000 12/26/06 02/14/08 2,944.28 4,307.55 (1,363.27)

LASALLE HOTEL PPTYS BN I 819.0000 09/06/06 01/18/08 23,361.20 35,872.20 (12,511.00)3.0000 10/16/06 01/18/08 85.57 126.30 (40.73)3.0000 11/16/06 01/18/08 85.57 129.93 (44.36)3.0000 12/18/06 01/18/08 85.57 135.72 (50.15)4.0000 01/16/07 01/18/08 114.09 193.28 (79.19)

151.0000 09/06/06 02/14/08 4,309.35 6,613.80 (2,304.45)484.0000 12/26/06 02/14/08 13,812.77 22,080.08 (8,267.31)



EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch




Page17 of 25



US BANCORP (NEW) 776.0000 05/22/06 01/18/08 23,108.91 24,169.37 (1,060.46)27.0000 05/31/06 01/18/08 804.05 834.02 (29.97)17.0000 07/18/06 01/18/08 506.25 527.61 (21.36)22.0000 01/17/07 01/18/08 655.15 785.57 (130.42)

Subtotal 249,285 .01 342 , 278.06 (92,993.05)

NET LONG TERM CAPITAL GAIN (LOSS) (64,677.73)

OTHER TRANSACTIONSARES CAPITAL CORP RTS 1219.0000 03/28/08 04/09/08 638 . 26 N/A N/A

1988 .0000 03/28/08 04/ 10/08 874 . 31 N/A N/ASubtotal 1 , 512.57 0.00


1,933,199.29 2,371,439.49 (439,752.77)1,933,199.29

0.00*

Note. Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation offractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).N/A - Results which cannot be calculated because of insufficient data in the Capital Gain or (Loss) Column and are not included in the realized capital gain and loss

summary.


SHORT TERM GAINS SHORT TERM LOSSES LONG TERM GAINS LONG TERM LOSSES

TOTAL 11,018.45


EIN: 39-6786592

2008 FORM 990-PF



(386,093.49) 28, 315.32 (92,993.05)

FACIFS Merrill Lvnch





Page9 of 20

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information providedby the RIC and discuss with your ["ax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount CUD")" D") obligations includes the accretion of OID. For purposes of allocatinoriginal purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received. In calculating gain (loss), unless otherwise noted; it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these items with your tax advisor. For select clients , we have also included a summary of Visa charges and checking activity.

Merrill Lynch is neither a tax return preparer or tax advisor. Please see your tax advisor for more information.



Date Liquidated Amortization/AccretionShort Sale Year-to - Date Life -to-Date Sales Price Cost Basis Gain or (Loss)

SHORT TERM CAPITAL GAINSAFLAC INC COM 3 .0000 03/02/07 02 /21/08 189.15 141.21 47.94

1091.0000 05/08/07 02 /21/08 68,785.60 57,517.52 11,268.08

28.0000 03/25/08 04 /16/08 1,881 . 67 1,815 . 71 65.961580 .0000 03/25/08 04/29/08 105,976 . 95 102 , 457.94 3,519.01

BAKER HUGHES INC 2.0000 02/19/08 02 /21/08 137 . 54 137 .00 0.541552 .0000 03/25/08 03 /26/08 105,790 . 13 104 , 353.53 1,436.60

BP PLC SPON ADR 5 .0000 03/14/07 02/21/08 322 . 73 298.51 24.22

BANK NEW YORK MELLON 6.0000 05 /07/07 02/21/08 272 . 47 249.48 22.991219.0000 05 /08/07 02/21/08 55,356.13 53 , 062.44 2 , 293.69

14.0000 08/06/07 02/21/08 635 74 573.02 62.7214.0000 08 /06/07 02 /21/08 636.75 573.02 63.73

831.0000 09/ 19/07 02 /21/08 37 , 736.62 37 , 171.63 564.99

DISNEY (WALT) CO COM STK 21.0000 01 /14/08 02/21/08 678.93 639.32 39.61

DU PONT E I DE NEMOURS 13.0000 12 /17/07 02/21/08 592 . 80 579 . 73 13.07


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page10 of 20




EMERSON ELEC CO 7.0000 03/12/07 02/21/08 365.30 304.57 60.731686.0000 05/08/07 02/21/08 87,986.33 79,179.62 8,806.71

16.0000 06/12/07 02/21/08 834.98 764.80 70.1816.0000 09/11/07 02/21/08 834.99 766.56 68.43

FPL GROUP INC 911.0000 05/08/07 02/21/08 58,997.72 57,821.17 1,176.55

HONEYWELL INTL INC DEL 1044.0000 03/19/07 02/21/08 58,145.67 49,388.30 8,757.371417.0000 05/08/07 02/21/08 78,919.94 78,218.40 701.54

INTL BUSINESS MACHINES 5.0000 05/08/07 02/21/08 538.94 512.42 26.52

MCKESSON CORPORATION COM 952.0000 04/05/07 02/21/08 56,357.77 56,316.99 40.78

MCDONALDS CORP COM 1648.0000 09/12/07 02/21/08 91,421.63 84,679.68 6,741.95

MICROSOFT CORP 7.0000 03/09/07 02/21/08 197.83 190.49 7.344756.0000 03/25/08 05/06/08 139,587.81 138,542.28 1,045.53

NOVO NORDISK A S ADR 1722.0000 02/20/08 02/21/08 115,974.39 114,915.09 1,059.30

OMNICOM GROUP COM 7.0000 01/07/08 02/21/08 321.70 320.74 0.962307.0000 03/25/08 05/06/08 110,903.32 104,323.69 6,579.63

PEPSICO INC 3.0000 04/02/07 02/21/08 213.68 190.47 23.211250.0000 05/08/07 02/21/08 89,036.53 84,230.00 4,806.53

12.0000 07/02/07 02/21/08 854.76 784.70 70.06

PROCTER & GAMBLE CO 1695.0000 05/08/07 02/21/08 111,969.79 104,920.50 7,049.2915.0000 08/16/07 02/21/08 990.88 955.05 35.83

SCHLUMBERGER LTD 2.0000 04/10/07 02/21/08 168.31 143.18 25.13

953.0000 05/08/07 02/21/08 80,200.83 70,742.14 9,458.69


EIN: 39-6786592

2008 FORM 990-PF


mc^Merrill Lynch






Page11 of 20


UNITED TECHS CORP COM

VODAFONE GROUP PLC NEW

WADDELL & REED FINL A

SHORT TERM CAPITAL LOSSES

3.0000 03/13/07 02121108 213.03 195.60 17.431197.0000 05/08/07 02/21/08 85,001.51 81,814.95 3,186.56

7.0000 06/12/07 02/21/08 497.09 489.93 7.16

1843.0000 05/08/07 02/21/08 59,398.50 52,967.82 6,430.6899.0000 08/07/07 02/21/08 3,190.69 3,169.38 21.31

3693.0000 07/18/07 02/21/08Subtotal

120,688 .13 102,812.01 17,876.121,732 ,805.26 1,629 , 230.59 103, 574.67

AMER INTL GROUP INC 1 0000 03/20/07 02/21/08 47 55 67.86 (20 31)553.0000 05/08/07 02/21/08 26,299.23 39,561.62 (13,262.39)

3.0000 06/18/07 02/21/08 142.67 217.62 (74.95)740.0000 09/19/07 02/21/08 35,192.46 50,029.99 (14,837.53)

2.0000 09/24/07 02/21/08 95.11 134.00 (38.89)6.0000 12/24/07 02/21/08 285.36 351.60 (66.24)

AVON PROD INC

BAKER HUGHES INC

BP PLC SPON ADR

3231.0000 07/18/07 02/21/08 123,600.87 127,451.00 (3,850.13)

796.0000 05/08/07 02/21/08 54,737.38 63,807.36 (9,069.98)1.0000 05/21/07 02/21/08 68.76 83.00 (14.24)2.0000 08/20/07 02/21/08 137.53 156.10 (18.57)2.0000 11/19/07 02/21/08 137.54 160.38 (22.84)

981.0000 05/08/07 02/21/08 63,320.70 66,766.86 (3,446.16)14.0000 06/06/07 02/21/08 903.66 942.57 (38.91)14.0000 09/06/07 02/21/08 903.67 958.87 (55.20)14.0000 12/05/07 02/21/08 903.67 1,020.68 (117.01)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch







Page12of20

Security Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss

BANK NEW YORK MELLON 16.0000 11/05/07 02/21/08 726.57 746.40 (19.83)16.0000 11/05/07 02/21/08 726.58 746.40 (19.82)16.0000 02/04/08 02/21/08 726.58 760.00 (33.42)16.0000 02/04/08 02/21/08 726.58 760.00 (33.42)

COOPER INDSTRS LTD CL A 2763.0000 12/07/07 02/21/08 120,518.24 149,031.25 (28,513.01)

DISNEY (WALT) CO COM STK 1077.0000 05/08/07 02/21/08 34,818.71 38,516.01 (3,697.30)

DU PONT E I DE NEMOURS 4.0000 03/15/07 02/21/08 182.39 202.44 (20.05)718.0000 05/08/07 02/21/08 32,740.22 36,758.44 (4,018.22)10.0000 06/13/07 02/21/08 455.99 505.53 (49.54)10.0000 09/13/07 02/21/08 456.00 480.58 (24.58)

EMERSON ELEC CO 15.0000 12/11/07 02/21/08 782.81 877.50 (94.69)

GENERAL MILLS 983.0000 05/08/07 02/21/08 55,106.37 58,616.29 (3,509.92)726.0000 07/18/07 02/21/08 40,699.12 42,432.74 (1,733.62)

JPMORGAN CHASE & CO 1500.0000 05/08/07 02/21/08 63,494.31 78,615.00 (15,120.69)13.0000 11/14/07 02/21/08 550.28 616.91 (66.63)12.0000 02/12/08 02/21/08 507.96 570.22 (62.26)

MCKESSON CORPORATION COM 1326.0000 05/08/07 02/21/08 78,498.34 80,750.35 (2,252.01)

MICROSOFT CORP 2561.0000 05/08/07 02/21/08 72,373.07 78,622.70 (6,249.63)

NOVARTIS ADR 147 0000 04/18/07 02/20/08 7,276.83 8,342.25 (1,065.42)1321.0000 05/08/07 02/20/08 65,392.49 76,657.63 (11,265.14)

NOKIA CORP SPON ADR 3772.0000 12/07/07 02/21/08 137,530.13 149,279.16 (11,749.03)


EIN: 39 -6786592

2008 FORM 990-PF


Merrill Lynch





Page13 of 20



OMNICOM GROUP COM

PPL CORPORATION

PEPSICO INC

PROCTER & GAMBLE CO

SAP AKGSLTT SPONSORD ADR

SCHLUMBERGER LTD

TEXAS INSTRUMENTS



WYETH

1.0000 04/09/07 02/21/081.0000 04/09/07 02/21/08

1118.0000 05/08/07 02/21/085.0000 07/06/07 02/21/086.0000 10/05/07 02/21/08

1336.0000 12/07/07 02/21/08

10.0000 10/01/07 02/21/0810.0000 01/03/08 02/21/08

11.0000 11/16/07 02/21/0812.0000 02/19/08 02/21/08

1381.0000 06/26/07 02/21/08539.0000 09/05/07 02/21/08

4.0000 07/11/07 02/21/083.0000 10/08/07 02/21/083.0000 01 /08/08 02/21/08

876.0000 03/28/07 02/21/081058.0000 05/08/07 02/21/08612.0000 09/05/07 02/21/08

9.0000 09/11/07 02/21/088.0000 12/11/07 02/21/08

51.0000 02/05/08 02/21/08

1040.0000 05/08/07 02/21/08Subtotal

NET SHORT TERM CAPITAL GAIN (LOSS)


EIN: 39-6786592

2008 FORM 990-PF


45.95 103.29 (57.34)45.96 103.00 (57.04)

51,378.47 58,142.20 (6,763.73)229.78 262.85 (33.07)275.74 294.00 (18.26)

63,525 43 71,865.31 (8,339.88)

712.30 735.61 (23.31)712.30 756.88 (44.58)

726.65 796.90 (70.25)792.71 797.62 (4.91)

67,180.34 69,640.93 (2,460.59)26,220.29 29,017.39 (2,797.10)

336.63 347.04 (10.41)252.47 313.05 (60.58)252.48 293.70 (41.22)

26,514.47 26,938.49 (424.02)32,023.19 37,178.12 (5,154.93)18,523.82 21,448.21 (2,924.39)

639.11 672.30 (33.19)568.11 633.44 (65.33)

1,643.70 1,751.34 (107.64)

42,910.97 59,034.35 (16,123.38)1,356 , 576.60 1,536,723.33 (180,146.73)

(76,572.06)

Merrill Lynch





Page14 of 20



LONG TERM CAPITAL GAINSAFLAC INC COM 806.0000 06/08/06 02/21/08 50,816.85 37,887.57 12,929.28

26.0000 08/03/06 02/21/08 1,639.25 1,124.76 514.492.0000 09/05/06 02/21/08 126.09 89.60 36.493.0000 12/04/06 02/21/08 189.15 132.03 57.12

BAKER HUGHES INC 1.0000 11/20/06 02/21/08 68.76 68.50 0.261.0000 02/20/07 02/21/08 68.76 64.25 4.51

BANK NEW YORK MELLON 1097.0000 10/24/06 02/21/08 49,815.98 39,288.12 10,527.86

DISNEY (WALT) CO COM STK 768.0000 06/08/06 02/21/08 24,828.93 22,599.89 2,229.0436.0000 07/13/06 02/21/08 1,163.85 1,028.10 135.75

DU PONT E I DE NEMOURS 593.0000 09/22/06 02/21/08 27,040.32 25,175.93 1,864.39

EMERSON ELEC CO 1190.0000 06/08/06 02/21/08 62,101.84 45,529.41 16,572.4316.0000 08/03/06 02/21/08 834.98 642.16 192.82

8.0000 12/12/06 02/21/08 417.49 343.92 73.57

FPL GROUP INC 288.0000 06/08/06 02/21/08 18,651.30 11,856.97 6,794.33

JPMORGAN CHASE & CO 29.0000 06/08/06 02/21/08 1,227.55 1,202.23 25.3224.0000 07/13/06 02/21/08 1,015.90 1,003.20 12.70

MICROSOFT CORP 1861.0000 09/22/06 02/21/08 52,591.27 49,363.21 3,228.06

OMNICOM GROUP COM 88.0000 07/13/06 02/21/08 4,044.10 3,794.34 249.76

PEPSICO INC 752.0000 06/08/06 02/21/08 53,564.36 45,184.00 8,380.366.0000 07/13/06 02/21/08 427.37 372.54 54.833.0000 10/02/06 02/21/08 213.68 195.48 18.204.0000 01/03/07 02/21/08 284.91 252.12 32.79


EIN: 39-6786592

2008 FORM 990-PF


MR

Merrill Lynch





Page15 of 20




PROCTER & GAMBLE CO 571.0000 06/08/06 02/21/08 37,719.61 31,022.78 6,696.83

SCHLUMBERGER LTD 712.0000 06/08/06 02/21/08 59,919.18 41,293.31 18,625.87

1.0000 10/10/06 02/21/08 84.15 58.21 25.94146.0000 10/24/06 02/21/08 12,286.80 9,041.37 3,245.43

2.0000 01/10/07 02/21/08 168.31 115.02 53.29

UNITED TECHS CORP COM 769.0000 08/03/06 02/21/08 54,608.31 48,377.87 6,230.443.0000 12/12/06 02/21/08 213.03 195.60 17.43

VODAFONE GROUP PLC NEW 1005.0000 06/08/06 02/21/08 32,390.38 24,953.41 7,436.97644.0000 08/03/06 02/21/08 20,755.63 13,869.51 6,886.12

25.0000 02/07/07 02/21/08 805.73 744.75 60.98Subtotal 570,083.82 456,870.16 113,213.66

LONG TERM CAPITAL LOSSESAMER INTL GROUP INC 397.0000 07/13/06 02/21/08 18,880.27 23,351.54 (4,471.27)

BAKER HUGHES INC 443.0000 06/08/06 02/21/08 30,463.13 34,704.63 (4,241.50)9.0000 08/03/06 02/21/08 618.88 707.94 (89.06)

BP PLC SPON ADR 494.0000 06/08/06 02/21/08 31,886.25 32,762.08 (875.83)

4.0000 09/07/06 02/21/08 258.18 265.01 (6.83)4.0000 12/06/06 02/21/08 258.18 272.91 (14.73)

BANK NEW YORK MELLON 5.0000 02/05/07 02/21/08 227.05 244.38 (17.33)

DISNEY (WALT) CO COM STK 7.0000 01/16/07 02/21/08 226.30 245.11 (18.81)

DU PONT E I DE NEMOURS 4.0000 12/15/06 02/21/08 182.39 195.07 (12.68)

EMERSON ELEC CO 3.0000 09/12/06 02/21/08 156.55 243.18 (86.63)3.0000 09/12/06 02/21/08 156.55 243.18 (86.63)


EIN: 39-6786592

2008 FORM 990-PF


MCI'

Merrill Lynch





Page16 of 20



GENERAL MILLS

MICROSOFT CORP

NOVARTIS ADR

OMNICOM GROUP COM

WYETH

727.0000 01/30/07 02/21/08

6.0000 12/15/06 02/21/08

852.0000 06/08/06 02/20/086.0000 07/13/06 02/20/08

734.0000 06/08/06 02/21/081.0000 10/06/06 02/21/081.0000 10/06/06 02/21/081.0000 01/08/07 02/21/081.0000 01/08/07 02/21/08

742.0000 02/01/07 02/21/08Subtotal

40,755.16 41,743.98 (988.82)

169.55 180.63 (11.08)

42,175.91 45,420.13 (3,244.22)297.01 333.00 (35.99)

33,731.47 33,954.84 (223.37)45.95 93.70 (47.75)45.95 102.00 (56.05)45.95 102.19 (56.24)45.96 103.00 (57.04)

30,615.32 37,233.34 (6,618.02)231,241 .96 252,501.84 (21,259.88)

NET LONG TERM CAPITAL GAIN (LOSS) 91,953.78

TOTAL CAPITAL GAINS AND LOSSES 3,890,707.64 3 ,875,325.92 15,381.72TOTAL REPORTABLE GROSS PROCEEDS 3,889 , 044.13DIFFERENCE 1,663.51

Note. Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation offractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).



TOTAL 103, 574.67 (180,146.73) 113, 213.66 (21, 259.88)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page6of9

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales ad j ustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains. The cost basis for these securities may not have been adjustedusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available. The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event , we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price. The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract . In making adj ustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these items with your tax advisor . For select clients, we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSISHARES TR DOW JONES US 1887.0000 03/25/08 05/08/08 109,213.85 102,643.17 6,570.68

MATERIALS SELECT SECTOR

CONSUMER DISCRETIONARY


508.0000 01/10/08 02/14/08

2733.0000 01/10/08 02/14/08Subtotal

20,589.02 20,476.46 112.56

87,236.40 84,258.39 2,978.01217,039 . 27 207 , 378.02 9,661.25

ISHARES DJ US TELCOMMUNI 1380.0000 10/24/07 02/14/08 35,288.28 44,349.06 (9,060.78)886.0000 01/10/08 02/14/08 22,656 10 24,720.29 (2,064.19)

ISHARES NASDAQ BIOTECH- 1664.0000 10/24/07 02/14/08 129,868.44 141,466.12 (11,597.68)767.0000 01/10/08 02/14/08 59,861.24 63,883.43 (4,022.19)

ISHARES TR DOW JONES US 6261.0000 10/24/07 02/14/08 333,331.96 398,007.39 (64,675.43)3661.0000 01/10/08 02/14/08 194,909.50 210,155.31 (15,245.81)

MATERIALS SELECT SECTOR 1063.0000 10/24 /07 02 /14/08 43 , 082.90 44,369.62 ( 1,286.72)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lvnch





Page7 of 9


Date Acquired Date Liquidated Amortization/AccretionSecurity Descrintion Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

HEALTH CARE SELECT SPDR

SECTOR SPDR CONSMRS STPL

CONSUMER DISCRETIONARY

SECTOR SPDR ENERGY

SECTOR SPDR FINANCIAL

SECTOR SPDR INDUSTRIAL

6051.0000 10/24/07 02/14/082271.0000 01/10/08 02/14/08

1594.0000 10/24/07 02/14/08598.0000 01/10/08 02/14/08

4106.0000 10/24/07 02/14/08

1985.0000 10/24/07 02/14/08768.0000 01/10/08 02/14/08

1820.0000 10/24/07 02/14/081289.0000 01/10/08 02/14/08

5921.0000 10/24/07 02/14/083178.0000 01/10/08 02/14/08

Subtotal

201,375.06 212,450.61 (11,075.55)75,578.05 82,596.27 (7,018.22)

43,467.89 44,281.32 (813.43)16,307.29 17,192.50 (885.21)

131,062.07 147,777.40 (16,715.33)

145,642.80 147,717.15 (2,074.35)56,349.46 58,509.93 (2,160.47)

48,629.86 59,131.80 (10,501.94)34,441.70 35,215.48 (773.78)

219,429.84 236,280.47 (16,850.63)117,775.39 117,776.68 (1.29)

1,909,057.83 2,085,880.83 (176,823.00)


TOTAL CAPITAL GAINS AND LOSSES 2,126,097.10 2, 293,258 .85 (167,161.75)TOTAL REPORTABLE GROSS PROCEEDS 2,126, 097.10DIFFERENCE 0.00



EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch






Page8of9


TOTAL 9,661.25 (176,823.00) 0.00 0.00


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch


Account No.28L-74C62



Page7 of 14

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral , or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains . The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications. Please refer to information provided by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("DID") obligations includes the accretion of DID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price. The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract . In malting adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received. In calculating gain (loss), unless otherwise noted it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience. Additionally we have included items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these items with your tax advisor . For select clients, we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSBANK OF IRELAND SPNS ADR 269.0000 12/21/07 04/03/08 16,195.39 15,760.63 434.76

COMP SIDER NACL SPNS ADR 978.0000 05/30/07 01/18/08 78,057.77 51,764.26 26,293.511719.0000 05/30/07 04/03/08 65,923.28 30,328.15 35,595.13

CPFL ENERGIA S A ADR 607.0000 05/30/07 04/03/08 41,308.11 33,411.83 7,896.28

ENBRIDGE INC COM 817.0000 05/30/07 01/18/08 30,285.72 28,951.21 1,334.51435.0000 05/30/07 04/03/08 18,235.09 15,414.65 2,820.44

TRANSCANADA CORP 787.0000 05/30/07 01/18/08 29,123.59 28,772.72 350.87

WESTPAC BANKING ADR 131.0000 05/30/07 01/18/08 15,008.44 14,116.56 891.88117.0000 05/30/07 04/03/08 13,685.41 12,607.92 1,077.49

Subtotal 307,822.80 231 , 127.93 76 , 694.87

SHORT TERM CAPITAL LOSSESALLIED IRSH BKS SPND ADR 209.0000 12/21/07 01/18/08 9,097.17 9,364.76 (267.59)

209.0000 12/21/07 04/03/08 9,329.43 9,364.76 (35.33)

RAY & KAY ECKSTEIN CHARITABLE TRUSTEIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch





Page8of14



AUST NW Z B G ADR 673.0000 05/30/07 01/18/08 77,450.81 80,389.85 (2,939.04)120.0000 06/15/07 01/18/08 13,809 95 14,736.70 (926.75)331.0000 07/19/07 01/18/08 38,092.46 43,096.20 (5,003.74)

BANK OF IRELAND SPNS ADR 101.0000 12/21/07 01/18/08 5,559.96 5,917.55 (357.59)

BARCLAYS PLC ADR 25.0000 12/21/07 01/18/08 883.23 1,003.01 (119.78)

373.0000 12/21/07 04/03/08 14,628.97 14,965.02 (336.05)

CPFL ENERGIA S A ADR 82.0000 05/30/07 01/18/08 4,318.05 4,513.62 (195.57)

DIANA SHIPPING INC 338.0000 12/07/07 04/03/08 9,200.30 11,798.49 (2,598.19)

EUROSEAS LTD 3418.0000 12/07/07 04/03/08 43,385.79 43,895.66 (509.87)

MACQUARIE GL INFRSTRC TR 126.0000 05/30/07 01/18/08 3,390.60 4,163.95 (773.35)199.0000 05/30/07 04/03/08 5,420.72 6,576.41 (1,155.69)

MACQUARIE/FTGI/UTL D&I 469.0000 05/30/07 01/18/08 11,961.98 13,803.09 (1,841.11)

NORSK HYDRO AS SPNRD ADR 2307.0000 05/30/07 03/28/08 32,182.28 80,745.00 (48,562.72)378.0000 06/15/07 03/28/08 5,273.04 14,023.08 (8,750.04)752.0000 07/19/07 03/28/08 10,490.29 31,800.58 (21,310.29)21.0000 09/21/07 03/28/08 292.95 906.99 (614.04)

STATOILHYDRO ASA 840.0000 10/16/07 04/03/08 25,813.05 28,341.60 (2,528.55)

SEASPAN CORP 54.0000 05/30/07 01/18/08 1,420.17 1,578 15 (157.98)

666.0000 05/30/07 04/03/08 19,267.27 19,463.91 (196.64)

SOUTHERN COPPER CORP 122.0000 10/19/07 04/03/08 13,883 52 16,341.83 _ (2,458.31)Subtotal 355,151.99 456,790.21 (101,638.22)



EIN: 39-6786592

2008 FORM 990-PF


WMerril l Lynch






Page9 of 14

Date Acquired Date Liquidated Amortization/AccretionSecurity Descnotion Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

TOTAL CAPITAL GAINS AND LOSSESTOTAL REPORTABLE GROSS PROCEEDS

DIFFERENCE

662,974.79 687,918.14 (24,943.35)662,974.79

0.00*

Note. Capital gains and losses in this statement are not reported to the IRS.Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of

fractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).



TOTAL 76,694.87 (101,638.22) 0.00 0.00


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch Account No.

2BL-74E08Taxpayer No.22-3513863

Page8of13

MERRILL LYNCH TRUST COMPANY2008 ANNUAL STATEMENT SUMMARY


The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral, or wash sales ad j ustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information providedby the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available. The cost basis for most Original Issue Discount ("0113") obligations includes the accretion of DID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event , we assumed the fair market value of the debt securi ty on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first , and that an election was in effect to amortize premium paid on the purchase of taxable bonds.




Date Acquired Date Liquidated Amortization/AccretionSecurity Descri tion Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

SHORT TERM CAPITAL GAINSALTRIA GROUP INC 1300.0000 05/04/07 01/09/08 102,559.98 89,935.57 12,624.41

AETNA INC NEW 600.0000 05/04/07 01/09/08 35,113.10 29,340.00 5,773.10

ANADARKO PETE CORP 45.0000 03/15/07 01/09/08 2,776.35 1,793.85 982.50790.0000 05/04/07 01/09/08 48,740.52 36,374.29 12,366.23

APACHE CORP 390.0000 05/04/07 01/09/08 39,963.38 29,253.91 10,709.47

BRITISH AMN TOBACO SPADR 160.0000 05/04/07 01/09/08 12,569.40 10,192.00 2,377.40

CHEVRON CORP 350.0000 05/04/07 01/09/08 31,715.31 27,737.51 3,977.80

CONOCOPHILLIPS 1136.0000 05/04/07 01/09/08 93,418.44 79,651.44 13,767.00

DEVON ENERGY CORP NEW 550.0000 05/04/07 01/09/08 48,303.66 42,042.00 6,261.66

155.0000 07/18/07 01/09/08 13,612.86 12,815.43 797.43

IMPERIAL TOB GRP SPS ADR 90.0000 05/04/07 01/09/08 9,294.62 7,852.50 1,442.12

NORTHROP GRUMMAN CORP 445.0000 05/04/07 01/09/08 33,892 06 32,979.62 912.44


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch


Account No.2BL-74E08



Page9of13




OCCIDENTAL PETE CORP CAL 255.0000 05/04/07 01/09/08 18,890.11 13,134.60 5,755.51

UNITEDHEALTH GROUP INC 1030.0000 05/04/07 01/09/08 57,696.52 55,115.30 2,581.22

UNITED TECHS CORP COM 280.0000 05/04/07 01/09/08 20,061.69 19,082.01 979.68

VERIZON COMMUNICATNS COM 655.0000 05/04/07 01/09/08 27,370.33 26,547.15 823.18

WYETH 595.0000 08/22/07 01/09/08 28,170.21 27,502.63 667.58Subtotal 624,148.54 541,349.81 82 , 798.73

SHORT TERM CAPITAL LOSSESAMGEN INC COM PV $0.0001 160.0000 05/04/07 01/09/08 7,414.28 10,145.59 (2,731.31)

110.0000 07/18/07 01/09/08 5,097.32 6,132.72 (1,035.40)

BANK OF AMERICA CORP 545.0000 05/04/07 01/09/08 20,823.96 27, 963.96 (7,140.00)790.0000 12/24/07 01/09/08 30,185.20 33,377.50 (3,192.30)

CIT GROUP INC NEW 185.0000 10/16/07 01/09/08 3,690.98 7,123.15 (3,432.17)420.0000 10/22/07 01 /09/08 8 ,379.55 14 ,649.89 (6,270.34)

CHEVRON CORP 85.0000 07/18/07 01/09/08 7,702.30 7 ,836.61 (134.31)

CHUBB CORP 535.0000 05/04/07 01/09/08 28,052.56 28,997.00 (944.44)

FREDDIE MAC 970.0000 05/04/07 01/09/08 25,733.02 64,473.77 (38,740.75)160.0000 07/18/07 01/09/08 4,244.63 9,758.53 (5,513.90)

FANNIE MAE (USA) COM NPV 680.0000 05/04/07 01/09/08 21,344.87 41,956.00 (20,611.13)

ISHARES RUSSELL 1000 330.0000 07/20/07 01/09/08 25,148.32 29,143.99 (3,995.67)

GENERAL ELECTRIC 1070.0000 05/04/07 01/09/08 37,917.86 39,868.21 (1,950.35)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch





Page10 of 13



HARTFORD FINL SVCS GROUP 20.0000 03/15/07 01/09/08 1,629.77 1,882.54 (252.77)290.0000 05/04/07 01/09/08 23,631.74 29,974.40 (6,342.66)

KEYCORP NEW COM 420.0000 05/04/07 01/09/08 9,088.66 15,281.00 (6,192.34)

ELI LILLY & CO 240.0000 05/04/07 01/09/08 13,526.89 14,304.00 (777.11)

LOWE'S COMPANIES INC 680.0000 05/04/07 01/09/08 14,014.58 20,767.21 (6,752.63)565.0000 10/02/07 01/09/08 11,644 47 16,187.36 (4,542.89)

MACYS INC 435.0000 05/04/07 01/09/08 9,491.56 18,983.40 (9,491.84)

PNC FINCL SERVICES GROUP 40.0000 03/15/07 01/09/08 2,431.87 2,807.99 (376.12)350.0000 05/04/07 01/09/08 21,278 96 26,239.50 (4,960.54)

PFIZER INC DEL PV$0.05 5.0000 03/15/07 01/09/08 118.49 124.51 (6.02)2080.0000 05/04/07 01/09/08 49,295.25 56,326.40 (7,031.15)

SOVEREIGN BANCRP INC COM 754.0000 05/04/07 01/09/08 7,652.98 18,450.39 (10,797.41)

STAPLES INC 705.0000 05/04/07 01/09/08 15,052.64 17,723.49 (2,670.85)730.0000 10/02/07 01/09/08 15,586.44 15,986.85 (400.41)

3M COMPANY 460.0000 05/04/07 01/09/08 37,035.32 38,640.01 (1,604.69)

US BANCORP (NEW) 400.0000 05/04/07 01/09/08 11,359.72 13,800.00 (2,440.28)

WASHINGTON MUTUAL INC 1090.0000 05/04/07 01/09/08 13,636 23 46,684.71 (33,048.48)500.0000 10/04/07 01/09/08 6,255.15 17,937.55 (11,682.40)515 0000 10/23/07 01/09/08 6,442.81 14,785.39 (8,342.58)

WACHOVIA CORP NEW 565.0000 05/04/07 01/09/08 19,218.57 31,566.55 (12,347.98)775.0000 12/06/07 01/09/08 26,361.77 33,574.32 (7,212.55)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch






Page11 of 13

Date Acquired Date Liquidated Amortization/AccretionSecurity Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or ( Loss)

WYETH


LONG TERM CAPITAL GAINS

890.0000 05/04/07 01/09/08Subtotal

42,136.93 50,756.71 (8,619.78)582,625.65 824,211.20 (241,585.55)

(158,786.82)

AETNA INC NEW 30 .0000 06/28/06 01 /09/08 1,755.65 1 , 155.45 600.2010.0000 06/29/06 01 /09/08 585 . 21 384.97 200.2455.0000 08 /01/06 01 /09/08 3 , 21869 1,705.00 1 , 513.6940.0000 09/08/06 01 /09/08 2,340.87 1 , 445.92 894.95

UNITEDHEALTH GROUP INC 10.0000 06/28/06 01/09/0870.0000 10/03/06 01/09/08

Subtotal

560.16 442.06 118.10

3,921.12 3,471.87 449.25

12,381 .70 8,605.27 3,776.43

LONG TERM CAPITAL LOSSESMACYS INC 60.0000 11/28/05 01/09/08 1,309.17 1,951.50 (642.33)

30.0000 01/05/06 01/09/08 654.59 1,038.90 (384.31)

PNC FINCL SERVICES GROUP

US BANCORP (NEW)



20.0000 11/28/05 01/09/0810.0000 01/05/06 01/09/08

45.0000 11/28/05 01/09/0830.0000 01/05/06 01/09/08

Subtotal


EIN: 39-6786592

2008 FORM 990-PF


1,21593 1,290.60 (74.67)607.96 636.90 (28.94)

1,277.96 1,388.70 (110.74)851.97 920.70 (68.73)

5,917.58 7,227.30 (1,309.72)

2,466.71

1,225,073.47 1 ,381,393 .58 (156 , 320.11)

1,225,073.470.000

MCI,

Merrill Lynch






Page12 of 13


Note. Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of




TOTAL 82,798.73 (241,585.55) 3,776.43 (1,309.72)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch





Page12 of 28

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral , or wash sales adjustments. RICs (which may includemutual funds and unit investment trusts) may reclassi (^ principal distributions as capital gains . The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications. Please refer to information providedby the RIC and discuss with your fax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available. The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of DID. For purposes of allocatin g original purchaseprice to the components of an equity unit consistin g of a purchase contract and a debt security subject to a remarketing event , we assumed the fair market value of the debt secur-ity on purchasedate was equal to its adjusted issue price. The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received. In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor. For select clients , we have also included a summary of Visa charges and checking activity.





SHORT TERM CAPITAL GAINSAEGON N.V. NY REG SHS 883.0000 02/15/08 02/22/08 12,564.95 12,154.94 410.01

ANGLOGOLD ASHANTI LTD 140.0000 02/12/08 02/22/08 4,968.19 4,867.21 100.98415.0000 02/13/08 02/22/08 14,727.16 14,376.26 350.90

BARRICK GOLD CORPORATION 145.0000 05/04/07 01/02/08 6,681.78 4,421.71 2,260.07145.0000 05/04/07 01/04/08 6,726 09 4,421.71 2,304.38520.0000 05/04/07 01/11/08 25,909.95 15,857.19 10,052.76977.0000 05/04/07 01/22/08 47,903.82 29,793.22 18,110.60115.0000 05/04/07 01/24/08 5,763.16 3,506.87 2,256.29150.0000 05/04/07 01/28/08 8,013.15 4,574.19 3,438.96589.0000 05/04/07 02/15/08 27,935.96 17,961.32 9,974.64

2147.0000 05/04/07 02/22/08 106,590.93 65,471.93 41,119.00

BP PLC SPON ADR 9.0000 02/26/07 02/15/08 587.54 579.11 8.43

CHUNGHWA TELECOM CO LTD 231.0000 05/04/07 01/22/08 4,967.95 4,458.05 509.90848.0000 05/04/07 02/12/08 18,347.20 16,365.48 1,981.721421.0000 05/04/07 02/15/08 30,742.85 27,423.77 3,319.083326.0000 05/04/07 02/22/08 75,480.07 64,188.23 11,291.84


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch





Page13 of 28


Security Descnotion Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

ELECTRBRS CNTRAIS ADRPFD 1134.0000 05/24/07 02/22/08 17,066.51 14,190.08 2,876.43170.0000 12/19/07 02/22/08 2,558.48 2,172.97 385.51

ELECTROBRAS CENTRAIS ADR 1013.0000 05/09/07 02/15/08 13,371.46 11,846.83 1,524.63318.0000 05/09/07 02/22/08 4,769.94 3,718.95 1,050.99690.0000 05/24/07 02/22/08 10,349.88 8,991.25 1,358.63105.0000 07/31/07 02/22/08 1,574.98 1,399.04 175.94285.0000 08/01/07 02/22/08 4,274.95 3,746.10 528.85405.0000 08/02/07 02/22/08 6,074.95 5,408.25 666.70

CURRENCYSHARES JAPANESE 65.0000 02/13/07 01/22/08 6,091.70 5,369.43 722.27

165.0000 02/14/07 01/22/08 15,463.57 13,692.32 1,771.25

106.0000 05/04/07 02/15/08 9,830.33 8,824.49 1,005.84258.0000 05/04/07 02/22/08 24,089.19 21,478.51 2,610.68

GOLD FIELDS SP ADR NEW 1946.0000 02/05/08 02/22/08 28,411.29 26,433.10 1,978.19

IMPALA PLATINUM SPON ADR 240.0000 05/09/07 02/04/08 9,607.33 8,124.31 1,483.02

120.0000 05/09/07 02/08/08 4,486.85 4,062.15 424.70

300.0000 05/09/07 02/15/08 12,155.41 10,155.40 2,000.01

157.0000 05/09/07 02/22/08 6,460.47 5,314.66 1,145.81

KT CORP ADR 110.0000 04/30/07 02/15/08 2,792.86 2,502.56 290.30302.0000 05/01/07 02/15/08 7,667.69 6,840.30 827.39824.0000 05/04/07 02/15/08 20,921.15 18,951.99 1,969.16

3079.0000 05/04/07 02/22/08 75,711.15 70,817.01 4,894.14

KINROSS GOLD CORP 631.0000 08/16/07 01/04/08 12,826.07 6,490.72 6,335.351146.0000 08/16/07 01/22/08 24,157.20 11,788.22 12,368.98

LIHIR GOLD SPSD ADR 451.0000 05/09/07 02/15/08 14,071.45 11,658.35 2,413.10468.0000 05/09/07 02/22/08 16,483.34 12,097.81 4,385.53306.0000 12/20/07 02/22/08 10,777.57 8,379.35 2,398.22


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch





Page14 of 28



MATSUSHTA EL IND ADR 995.0000 05/07/07 02/15/08 20,955 46 20,490.43 465.03335.0000 09/ 11/07 02 /22/08 6 , 857.88 5,748.33 1 , 109.55

NEWCREST MNG LTD SPN ADR 766 .0000 05 /09/07 02 /15/08 24,013.83 13,311.05 10 , 702.78558.0000 05/09/07 02/22/08 18 , 291.03 9,696.57 8,594.46

NEWMONT MINING CORP 760.0000 05 /23/07 01/22/08 39,892.62 30,012.56 9,880.06407.0000 05 /29/07 01 /22/08 21 , 363.55 15,939.13 5,424.42470.0000 05/29/07 02 /15/08 22 , 456.35 18,406.37 4 , 049.98388.0000 05/29/07 02/22/08 19,132.80 15,195.06 3,937.74

1115.0000 06/05/07 02 /22/08 54,982.17 45 , 960.30 9 , 021.87

PETRO CANADA 220.0000 02 / 12/08 02 /22/08 10,249.69 9,742.63 507.06

ROYAL DUTCH SHEL PLC 70 .0000 02/27/07 02 / 15/08 4,753.64 4 , 717.83 35.81

SK TELECOM ADR 759 .0000 02/ 13/08 02/22/08 17 , 676.91 17,124.18 552.73

SWISSCOM AG ADR 807 .0000 05/09/07 02/15/08 29,858.67 28,093.76 1,764.911947 .0000 05/09/07 02 /22/08 72,719.65 67,780.14 4,939.51

SUMITOMO TR & BKG SPDADR 3619.0000 01 /16/08 02/22/08 23 , 993.70 23 , 149.30 844.40

STATOILHYDRO ASA 660 .0000 01/29/08 02 /15/08 18,882.79 17,645.82 1,236.97150.0000 01/29/08 02/22/08 4,411.45 4 , 010.42 401.03320.0000 01/30/08 02/22/08 9,411.09 8 , 632.35 778.74235.0000 01 /31/08 02/22/08 6,911.27 6,105.39 805.88550.0000 02 /13/08 02 /22/08 16,175.33 14 , 795.55 1,379.78

SANOFI AVENTIS SPON ADR 135 .0000 09/18/07 01 /22/08 5,771.79 5 , 607.70 164.0935.0000 09/18/07 01/22/08 1,496.39 1,453.85 42.54

284.0000 09/21/07 01 /22/08 12,142.15 12,080.99 61.16


EIN: 39-6786592

2008 FORM 990-PF


mc^Merrill Lynch





Page15of28



SUNCOR ENERGY INC NPV 254.0000 05/04/07 02/15/08 24,289 80 20,826 14 3,463.66

294.0000 05/04/07 02/22/08 28,262.37 24,105.86 4,156.5183.0000 01/17/08 02/22/08 7,978.84 7,565.17 413.67

TOPPAN PRTG LTD ADR 197.0000 05/15/07 02/22/08 10,637.88 10,335.43 302.45

440.0000 05/16/07 02/22/08 23,759.73 23,008.52 751.21

TECHNIP SP ADR 156.0000 01/30/08 02/22/08 12,066.47 10,177.24 1,889.23

UNITED UTLTES PLC-SP ADR 1690.0000 08/16/07 01/22/08 45,460.30 43,027.91 2,432.39

VODAFONE GROUP PLC NEW 2532.0000 05/04/07 01/22/08 85,936.03 73,276.08 12,659.95

WACOAL HOLDINGS CORP ADR 375.0000. 05/16/07 02/15/08 26,364.56 23,722.49 2,642.07116.0000 05/16/07 02/22/08 - 8,266.98 7,338.17 928.8125.0000 08/06/07 02/22/08 1,781.67 1,595.95 185.7285.0000 08/07/07 02/22/08 6,057.70 5,359.71 697.9960.0000 10/23/07 02/22/08 4,276.03 3,549.78 726.2565.0000 10/24/07 02/22/08 4,632.36 3,866.77 765.5950.0000 10/25/07 02/22/08 3,563.36 2,895.91 667.4540.0000 10/26/07 02/22/08 2,850.68 2,341.63 509.0550.0000 10/29/07 02/22/08 3,563.37 2,961.83 601.54

Subtotal 1,522,104 .86 1,256 , 529.64 265,575.22

SHORT TERM CAPITAL LOSSESALUMINA LTD SP ADR 87.0000 05/09/07 02/15/08 1,865.67 2,223.18 (357.51)

2074.0000 05/09/07 02/22/08 47,189.61 52, 998.58 (5,808.97)438.0000 11/16/07 02/22/08 9,965.80 10,560.31 (594.51)

ANGLOGOLD ASHANTI LTD 268.0000 05/04/07 02/15/08 9,020.08 11,879.76 (2,859.68)1464.0000 05/04/07 02/22/08 51,953.12 64,895.47 (12,942.35)475.0000 10/02/07 02/22/08 16,856.38 20,736.03 (3,879.65)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch





Page16 of 28



ASTRAZENECA PLC SPND ADR

ALCATEL LUCENT SPD ADR

ACOM CO LTD SPON ADR

BP PLC SPON ADR

499.0000202.0000733.0000

814.0000670.000070.000025.0000

625.00001307.00002090.00005634.00001220.0000855.0000

2051.0000

1520.00002971.00003633.0000

1.0000287.0000543.0000300.0000807.0000

09/14/0709/14/0710/24/07

03/27/0704/17/0704/18/0704/18/0705/02/0705/04/0705/04/0705/17/0709/13/0709/21/0709/24/07

05/09/0705/09/0705/09/07

02/23/0702/26/0705/04/0705/04/0706/04/07

02/15/0802/22/0802/22/08

02/15/0802/15/0802/15/0802/15/0802/15/0802/15/0802/22/0802/22/0802/22/0802/22/0802/22/08

01/22/0802/15/0802/22/08

01 /22/0801 /22/0802/15/0802/22/0802/22/08

19,261 187,958.71

28,879.88

4,940.924,066.85424 89151.74

3,793.717,933.42

12,477.1633,634.617,283.325,104.29

12,244.34

7,823.3419, 756.9325,866.67

62.6217,974.5435,448.7219,433.7852, 276.89

23,843.719,652.17

35,993.53

9,626.458,449.57886.03317.36

8,338.3117,592 2128,131.4175,278.1311,186.677,711.16

18, 468.23

14,151.1927,660.0133,823.24

62.9618,467.1637,120.7820,508.7254,999.55

DAIWA HOUSE IND LTD ADR 105.0000 10/19/07 01/22/08 12,683.79 12,847.6020.0000 10/22/07 01/22/08 2,415.97 2,461.7669.0000 10/22/07 02/22/08 6,830.92 8,493.09170.0000 11/20/07 02/22/08 16,829.81 20,205.0627.0000 11/21/07 02/22/08 2,672.97 3,361.40

132.0000 02/13/08 02/22/08 13,067.86 13,853.82

ENI S P A SPONSORED ADR 9.0000 05/04/07 01/29/08 581.35 611.46115.0000 05/04/07 01/30/08 7,413.82 7,813.10


EIN: 39-6786592

2008 FORM 990-PF


(4,582.53)(1,693.46)(7,113.65)

(4,685.53)(4,382.72)(461.14)(165.62)

(4,544.60)(9,658.79)

(15,654.25)(41,643.52)(3,903.35)(2,606.87)(6,223.89)

(6,327.85)(7,903.08)(7,956.57)

(0.34)(492.62)

(1,672.06)(1,074.94)(2,722.66)

(163.81)(45.79)

(1,662.17)(3,375.25)(688.43)(785.96)

(30.11)(399.28)

mc^Merrill Lvnch





Page17 of 28




ERICSSON LM TEL CL B ADR 881.0000 11/20/07 02/15/08 19,505.12 22,317.93 (2,812.81)10.0000 11/20/07 02/22/08 212.69 253.33 (40.64)

1074.0000 11/21/07 02/22/08 22,843.84 25,523.50 (2,679.66)

FUJIFILM HLDGS CORP ADR 176.0000 05/04/07 02/15/08 6,290.47 7,407.68 (1,117.21)2018.0000 05/04/07 02/22/08 72,714.40 84,935.81 (12,221.41)

GOLD FIELDS SP ADR NEW 239.0000 03/02/07 02/15/08 3,152.37 4,043.78 (891.41)300.0000 05/09/07 02/15/08 3,95695 5,338.29 (1,381.34)808.0000 05/10/07 02/15/08 10,657.41 14,264.83 (3,607.42)887.0000 05/10/07 02/22/08 12,950.05 15,659.55 (2,709.50)

1535.0000 05/17/07 02/22/08 22,410.75 26,138.59 (3,727.84)180.0000 01/31/08 02/22/08 2,627.97 2,657.16 (29.19)

IVANHOE MINES LTD 698.0000 05/04/07 02/15/08 6,973.58 8,563.13 (1,589.55)2405.0000 05/04/07 02/22/08 27,294.76 29,504.78 (2,210.02)

KOREA ELEC POWER SPN ADR 284.0000 05/04/07 02/15/08 5,233.20 6,183.95 (950.75)2615.0000 05/04/07 02/22/08 45,984.79 56,940.33 (10,955.54)

KIRIN HOLDINGS LTD SP AD 1744.0000 05/09/07 02/15/08 27,502.58 27,680.41 (177.83)4623.0000 05/09/07 02/22/08 73,088.82 73,375.34 (286.52)

LONMIN PLC SPON ADR 55.0000 05/09/07 02/15/08 3,558.47 4,288.94 (730.47)733.0000 05/09/07 02/22/08 49,440.30 57,159.93 (7,719.63)

MATSUSHTA EL IND ADR 1155.0000 05/07/07 01/22/08 22,201.88 23,785.37 (1,583.49)1375.0000 05/07/07 02/22/08 28,148.00 28,315.94 (167.94)

MITSUI SUMITOMO INS ADR 205.0000 11/12/07 02/15/08 19,997 52 21,987.77 (1,990.25)44.0000 11/27/07 02/15/08 4,292.16 4,791.22 (499.06)56.0000 11/27/07 02/22/08 5,166.50 6,097.93 (931.43)

120.0000 11/28/07 02/22/08 11,071.07 13,486.63 (2,415.56)

200.0000 12/03/07 02/22/08 18,451.80 21,806.26 (3,354.46)


EIN: 39-6786592

2008 FORM 990-PF


mc^Merrill Lynch





Page18 of 28




NIPPON TELG&TEL SPDN ADR 339.0000 05/04/07 01/22/08 7,961.50 8,559.75 (598.25)1987.0000 05/04/07 02/15/08 46,104.84 50,171.74 (4,066.90)1330.0000 05/04/07 02/22/08 28,889.41 33,582.51 (4,693.10)395.0000 05/15/07 02/22/08 8,579.93 9,592.50 (1,012.57)853.0000 05/17/07 02/22/08 18,528.32 20,100.26 (1,571.94)485.0000 05/30/07 02/22/08 10,534.86 11,089.43 (554.57)390.0000 06/12/07 02/22/08 8,471.33 8,831.86 (360.53)480.0000 06/13/07 02/22/08 10,426.25 10,801.20 (374.95)261.0000 06/14/07 02/22/08 5,669.28 5,850.65 (181.37)447.0000 10/18/07 02/22/08 9,709.46 10,194.01 (484.55)

NOVAGOLD RESOURCES INC 4395.0000 05/04/07 02/22/08 43,779.88 65,906.98 (22,127.10)

NEXEN INC CANADA COM 725.0000 09/25/07 02/15/08 20,561.64 21,633.28 (1,071.64)233.0000 09/28/07 02/15/08 6,608.09 7,101.44 (493.35)572.0000 09/28/07 02/22/08 16,387.44 17,433.59 (1,046.15)215.0000 10/03/07 02/22/08 6,159.61 6,532.24 (372.63)405.0000 10/04/07 02/22/08 11,603.00 12,394.54 (791.54)80.0000 10/05/07 02/22/08 2,291.96 2,482.03 (190.07)

PROMISE CO LTD ADR 539.0000 05/09/07 01/17/08 7,386.79 8,974.34 (1,587.55)2562.0000 05/09/07 02/15/08 37,789 08 42,657.30 (4,868.22)1615.0000 05/09/07 02/22/08 25,209.87 26,889.76 (1,679.89)

PETRO CANADA 140.0000 12/07/07 02/15/08 6,378.21 6,989.08 (610.87)224.0000 12/10/07 02/15/08 10,205.15 11,248.11 (1,042.96)111.0000 12/10/07 02/22/08 5,171.43 5,573.85 (402.42)460.0000 01/18/08 02/22/08 21,431.16 22,263.63 (832.47)

ROYAL DUTCH SHEL PLC 104.0000 05/04/07 02/15/08 7,062 57 7,688.24 (625.67)1062.0000 05/04/07 02/22/08 74,473.20 78,508.78 (4,035.58)

STORA ENSO OYJ SPD ADR 4357.0000 05/09/07 02/22/08 52,936.97 81,518.16 (28,581.19)


EIN: 39-6786592

2008 FORM 990-PF


PAC"Merrill Lynch





Page19 of 28




SEKISUI HSE LD SPONS ADR 1434.0000 07/27/07 02/15/08 14,167.77 18,010.47 (3,842.70)195.0000 09/05/07 02/15/08 1,926 58 2,379.62 (453.04)290.0000 09/05/07 02/22/08 2,827.46 3,538.93 (711.47)

585.0000 09/11/07 02/22/08 5,703.68 7,032.52 (1,328.84)550.0000 09/12/07 02/22/08 5,362.44 6,636.69 (1,274.25)

1225.0000 10/11/07 02/22/08 11,943.62 14,936.79 (2,993.17)925.0000 10/12/07 02/22/08 9,018.66 11,284.45 (2,265.79)

SANOFI AVENTIS SPON ADR 269.0000 09/21/07 02/15/08 10,285.20 11,442.91 (1,157.71)27.0000 09/21/07 02/22/08 1,030.84 1,148.55 (117.71)65.0000 09/24/07 02/22/08 2,481.67 2,764.10 (282.43)

850.0000 10/02/07 02/22/08 32,452.65 36,082.16 (3,629.51)

SEGA SAMMY HOLDINGS INC 7473.0000 05/15/07 02/22/08 16,814.06 35,869.65 (19,055.59)2990.0000 12/28/07 02/22/08 6,727.43 9,231.63 (2,504.20)140.0000 01/02/08 02/22/08 314.99 425.60 (110.61)

610.0000 01/03/08 02/22/08 1,372.50 1,902.16 (529.66)

SHISEIDO LTD SPONSRD ADR 258.0000 05/09/07 02/15/08 5,553.08 5,795.45 (242.37)

1633.0000 05/09/07 02/22/08 35,762.30 36,682.08 (919.78)

TOPPAN PRIG LTD ADR 403.0000 05/15/07 02/15/08 20,452.03 21,143.03 (691.00)794.0000 05/17/07 02/22/08 42,875.53 43,208.77 (333.24)

TOTAL S.A. SP ADR 316.0000 05/04/07 02/13/08 22,740.85 23,753.72 (1,012.87)474.0000 05/04/07 02/14/08 34,617.54 35,630.58 (1,013.04)

TELECOM ITALIA SPA ADR 176.0000 05/09/07 02/15/08 3,569.41 4,119.64 (550.23)4140.0000 05/09/07 02/22/08 81,681.30 96,905.40 (15,224.10)

TOMKINS PLC SP ADR 732.0000 05/09/07 02/22/08 10,511.91 16,939.07 (6,427.16)240.0000 09/26/07 02/22/08 3,446.53 4,294.15 (847.62)

365.0000 09/26/07 02/22/08 5,241.60 6,530.69 (1,289.09)828.0000 09/27/07 02/22/08 11,890.54 15,121.76 (3,231.22)


EIN: 39-6786592

2008 FORM 990-PF


MCI,Merrill Lynch





Page20 of 28




UPM KYMMENE OY SPSD ADR 792.0000 12/03/07 02/15/08 13,305.45 16,839.98 (3,534.53)319.0000 12/03/07 02/22/08 5,391 03 6,782.77 (1,391.74)

1080.0000 12/18/07 02/22/08 18,251.80 21,198.02 (2,946.22)

UBS AG 550.0000 01/18/08 02/22/08 18,084.35 22,498.41 (4,414.06)345.0000 01/22/08 02/22/08 11,343.82 13,475.25 (2,131.43)

WACOAL HOLDINGS CORP ADR 15.0000 05/16/07 01/22/08 882.86 948.90 (66.04)Subtotal 2,030,215 .82 2,436,840.71 (406,624.89)


LONG TERM CAPITAL GAINSALUMINA LTD SP ADR 296.0000 11/30/05 02/15/08 6,347.53 5,636.41 711.12

74.0000 02/17/06 02/15/08 1,586.88 1,563.09 23.79

632.0000 06/02/06 02/15/08 13,552.83 12,818.98 733.85188.0000 08/03/06 02/15/08 4,031.54 3,690.68 340.86625.0000 12/27/06 02/15/08 13,402.73 12,357.63 1,045.10

ANGLOGOLD ASHANTI LTD 188.0000 11/29/05 01/22/08 8,223.01 8,081.37 141.6454.0000 09/11/06 01/22/08 2,361 93 2,177.71 184.2220.0000 10/20/06 01/22/08 874.79 800.40 74 3935.0000 10/23/06 01/22/08 1,530.88 1,388.11 142.7755.0000 10/24/06 01/22/08 2,405.67 2,233.34 172.33

BARRICK GOLD CORPORATION 265.0000 12/22/06 01/02/08 12,211.51 7,869.98 4,341.53

CLP HOLDINGS LTD SP ADR 50.0000 11/30/05 01/08/08 370.49 299.75 70.74485.0000 02/17/06 01/08/08 3,593.84 2,746.94 846.90547.0000 02/17/06 01/10/08 4,05385 3,098.10 955.7588.0000 06/02/06 01/10/08 652.18 507.98 144.20

3131.0000 06/02/06 01/22/08 23,187.83 18,073.70 5,114.13


EIN: 39-6786592

2008 FORM 990-PF


mc^Merrill Lvnch





Page21 of 28




CHUNGHWA TELECOM CO LTD 1111.0000 05/31/06 01/22/08 23,893.46 22,021.94 1,871.52

207.0000 06/07/06 01/22/08 4,451.79 4,020.45 431.34

241.0000 08/18/06 01/22/08 5,183.01 3,981.05 1,201.96

865.0000 12/22/06 01/22/08 18,602.93 16,208.92 2,394.01

ELECTRBRS CNTRAIS ADRPFD 857.0000 01/05/07 02/22/08 12,897.70 9,329.90 3,567.80

ELECTROBRAS CENTRAIS ADR 817.0000 01/05/07 02/15/08 10,784.27 9,264.37 1,519.90

ENI S P A SPONSORED ADR 129.0000 11/29/05 01/29/08 8,332.64 7,051.05 1,281.59

76.0000 02/15/06 01/29/08 4,909.15 4,368.48 540.67

311.0000 05/31/06 01/29/08 20,088.80 18,719.09 1,369.71

FUJIFILM HLDGS CORP ADR 63.0000 02/22/06 02/15/08 2,251.70 1,989.45 262.25

733.0000 05/31/06 02/15/08 26,198.37 24,101.04 2,097.33

CURRENCYSHARES JAPANESE 6.0000 02/14/07 02/15/08 556.43 497.91 58.52

IVANHOE MINES LTD 275.0000 06/14/06 02/15/08 2,747.46 1,668.13 1,079.33

730.0000 01/04/07 02/15/08 7,293.27 6,664.32 628.95

KIRIN HOLDINGS LTD SP AD 868.0000 11/30/05 01/22/08 13,300.85 9,490.89 3,809.96

296.0000 02/17/06 01/22/08 4,535 77 3,666.52 869.25

250.0000 06/09/06 01/22/08 3,830.89 3,799.18 31.71

40.0000 11/08/06 01/22/08 612.94 531.44 81.50

375.0000 11/09/06 01/22/08 5,746.34 4,957.05 789.29

KT CORP ADR 623.0000 05/31/06 01/22/08 14,920.62 13,655.42 1,265.20

176.0000 05/31/06 02/15/08 4,468.59 3,857.72 610.87

LONMIN PLC SPON ADR 31.0000 11/30/05 02/15/08 2,005.67 888.86 1 ,116.81

36.0000 02/17/06 02/15/08 2,329.17 1,423.89 905.28

242.0000 06/02/06 02/15/08 15,657.23 11,805.68 3,851.55

189.0000 12/27/06 02/15/08 12,228.16 11,152.49 1,075.67


EIN: 39-6786592

2008 FORM 990-PF


MMCI,

Merrill Lynch





Page22 of 28



NIPPON TELG&TEL SPDN ADR

ROYAL DUTCH SHEL PLC

SWISSCOM AG ADR

SHISEIDO LTD SPONSRD ADR

SUNCOR ENERGY INC NPV

TOTAL S.A. SP ADR

TECHNIP SP ADR

273.0000 02/15/06 01/22/08 6,411.47 5,948.18 463 29

134.0000 11/29/05 01/22/08 9,587.55 8,800.78 786.77

54.0000 02/15/06 01/22/08 3,863.64 3,557.53 306.11

189.0000 05/31/06 01/22/08 13,522.74 12,989.98 532.76

55.0000 12/22/06 01/22/08 3,935.19 3,837.42 97.77

1.0000 01/27/06 01/22/08 35.84 31.01 4.83

551.0000 06/02/06 01/22/08 19,753 05 18,045.16 1,707.89

360.0000 11/30/05 01/22/08 7,919.87 5,915.71 2,004.16

49.0000 02/17/06 01/22/08 1,077.98 828.17 249.81

659.0000 06/02/06 01/22/08 14,497.78 11,941.48 2,556.30

117.0000 12/22/06 02/15/08 11,188.60 9,116.65 2,071.95

60.0000 03/27/06 01/22/08 4,407.05 3,838.35 568.70

128.0000 03/28/06 01/22/08 9,401.70 8,233.66 1,168.04

188.0000 05/31/06 01/22/08 13,808.77 12,159.84 1,648.93

156.0000 12/22/06 02/13/08 11,226.49 11,005.80 220.69

167.0000 08/04/06 02/15/08 12,284 38 8,932.00 3,352.38

77.0000 08/04/06 02/22/08 5,955.88 4,118.36 1,837.52

90.0000 10/17/06 02/22/08 6,961.42 5,063.55 1,897.87

Subtotal 482,054 . 10 412,823.04 69,231.06


EIN: 39-6786592

2008 FORM 990-PF


Mr,Merrill Lynch






Page23 of 28


LONG TERM CAPITAL LOSSESANGLOGOLD ASHANTI LTD 15.0000 02 /15/06 01 /22/08 656 .09 838 . 28 (182.19)

70.0000 04 /07/06 01/22/08 3,061.76 3 , 718.23 (656.47)18.0000 04/07/06 01 /22/08 787.30 936 . 33 (149.03)44.0000 05/24/06 01 /22/08 1 , 924.53 1,993.64 (69.11)

325.0000 05/31/06 01 /22/08 14,215.32 15 , 161.25 (945.93)52.0000 12/22/06 01 /22/08 2 ,274.46 2,367.55 (93.09)

173.0000 12/22/06 02 /15/08 5,822.66 7 , 87670 (2,054.04)

ACOM CO LTD SPON ADR 403.0000 11/30/05 01/22/08 2,074.20 6,116.77 (4,042.57)

229.0000 01/31/06 01/22/08 1,178.64 3,318.07 (2,139.43)180.0000 02/17/06 01/22/08 926.44 2,641.70 (1,715.26)115.0000 05/16/06 01/22/08 591.89 1,781.50 (1,189.61)123.0000 05/17/06 01/22/08 633.07 1,871.00 (1,237.93)944.0000 06/05/06 01/22/08 4,858.69 14,323.60 (9,464.91)512.0000 07/07/06 01/22/08 2,635.22 6,588.72 (3,953.50)180.0000 09/19/06 01/22/08 926.44 1,949.45 (1,023.01)358.0000 09/20/06 01/22/08 1,842.60 3,753.38 (1,910.78)

2600.0000 12/27/06 01/22/08 13,382.01 22,085.70 (8,703.69)

GOLD FIELDS SP ADR NEW 589.0000 01/31/07 02/15/08 7,768.82 9,813.09 (2,044.27)

KOREA ELEC POWER SPN ADR 248.0000 05/31/06 02/15/08 4,569.81 4,984.80 (414.99)65.0000 09/25/06 02/15/08 1,197.73 1,299.86 (102.13)65.0000 09/26/06 02/15/08 1,197.73 1,299.84 (102.11)55.0000 09/27/06 02/15/08 1,013.46 1,090.64 (77.18)

139.0000 11/07/06 02/15/08 2,561.31 2,765.52 (204 21)304.0000 12/22/06 02/15/08 5,601.72 6,897.76 (1,296.04)

KIRIN HOLDINGS LTD SP AD 1083.0000 06/02/06 01/22/08 16,595.42 17,587.16 (991.74)280.0000 01/05/07 01/22/08 4,290.61 4,474.76 (184.15)

468.0000 01/05/07 02/15/08 7,380.27 7,479.25 (98.98)

KT CORP ADR 147.0000 12/22/06 02/15/08 3,732.28 3,839.64 (107.36)


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch





Page24 of 28




NIPPON TELG&TEL SPDN ADR 525.0000 11/29/05 01/22/08 12,329.75 12,379.24 (49.49)

673.0000 05/31/06 01/22/08 15,805.56 16,626.73 (821.17)

800.0000 12/22/06 01/22/08 18,788.20 20,048.00 (1,259.80)

NOVAGOLD RESOURCES INC 540.0000 12/01/06 02/22/08 5,379.09 8,716.63 (3,337.54)

627.0000 12/22/06 02/22/08 6,245.73 10,318.10 (4,072.37)

PROMISE CO LTD ADR 201.0000 11/30/05 01/17/08 2,754.62 6,160.05 (3,405.43)

224.0000 02/07/06 01/17/08 3,069.82 6,397.08 (3,327.26)

554.0000 06/02/06 01/17/08 7,592.34 18,027.71 (10,435.37)

268.0000 07/11/06 01/17/08 3,672.83 6,906.74 (3,233.91)

40.0000 09/15/06 01/17/08 548.18 875.92 (327.74)

196.0000 09/19/06 01/17/08 2,686.10 4,319.86 (1,633.76)

80.0000 11/02/06 01/17/08 1,096.36 1,498.98 (402.62)

190.0000 11/06/06 01/17/08 2,60387 3,470.79 (866.92)57.0000 11/07/06 01/17/08 781.16 1,076.12 (294.96)

1290.0000 01/05/07 01/17/08 17,678.93 22,257.66 (4,578.73)

ROYAL DUTCH SHEL PLC 224.0000 12/22/06 02/15/08 15,211.67 15,628.80 (417.13)

SWISSCOM AG ADR 355.0000 12/27/06 01/22/08 12,726.56 13,496.21 (769.65)39.0000 12/27/06 02/15/08 1,442.98 1,482.69 (39.71)

STORA ENSO OYJ SPD ADR 947.0000 11/30/05 02/15/08 11,647.96 12,216.68 (568.72)

331.0000 02/17/06 02/15/08 4,071.25 4,664.22 (592.97)

1041.0000 06/02/06 02/15/08 12,804.17 14,997.06 (2,192.89)

277.0000 06/02/06 02/22/08 3,365.51 3,990.58 (625.07)

1020.0000 12/27/06 02/22/08 12,392 86 16,229.22 (3,836.36)

SEKISUI HSE LD SPONS ADR 645.0000 06/02/06 02/15/08 6,372.52 9,173.84 (2,801.32)

SEGA SAMMY HOLDINGS INC 685.0000 12/18/06 02/22/08 1,541.23 4,519.08 (2,977.85)

399.0000 12/19/06 02/22/08 897.74 2,599.01 (1,701.27)

245.0000 01/12/07 02/22/08 551.24 1,636.23 (1,084.99)

1540.0000 01/16/07 02/22/08 3,464.96 10,828.36 (7,363.40)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page25 of 28



SHISEIDO LTD SPONSRD ADR 127.0000 12/27/06 01/22/08 2,793.96 2,803.22 (9.26)331.0000 12/27/06 02/15/08 7,124.30 7,306.03 (181.73)

TOPPAN PRTG LTD ADR 184.0000 06/02/06 01/22/08 8,279.87 11,522.09 (3,242.22)69.0000 06/09/06 01/22/08 3,104.95 4,089.15 (984.20)30.0000 11/30/06 01/22/08 1,349.97 1,594.04 (244.07)

74.0000 12/01/06 01/22/08 3,329.96 3,979.77 (649.81)6.0000 12/01/06 02/15/08 304.49 322.69 (18.20)

275.0000 02/06/07 02/15/08 13,956.09 15,297.34 (1,341.25)

TELECOM ITALIA SPA ADR 691.0000 11/30/05 01/22/08 15,099.49 16,585.31 (1,485.82)307.0000 02/17/06 01/22/08 6,708.46 7,422.49 (714.03)

879.0000 06/02/06 01/22/08 19,207.62 23,382.63 (4,175.01)18.0000 06/02/06 02/15/08 365 05 478.83 (113.78)

315.0000 12/08/06 02/15/08 6,388.41 8,091.47 (1,703.06)878.0000 12/27/06 02/15/08 17,806.43 22,158.96 (4,352.53)

TOMKINS PLC SP ADR 13.0000 11/30/05 02/15/08 180.85 264.81 (83.96)105.0000 02/17/06 02/15/08 1,460.74 2,393.40 (932.66)359.0000 06/02/06 02/15/08 4,994.35 7,746.43 (2,752.08)50.0000 09/07/06 02/15/08 695.59 911.71 (216.12)

536.0000 09/08/06 02/15/08 7,456.75 9,878.05 (2,421 30)141.0000 12/27/06 02/15/08 1,961.58 2,724.09 (762.51)

421.0000 12/27/06 02/22/08 6,045.78 8,133.64 (2,087.86)

WACOAL HOLDINGS CORP ADR 5.0000 12/20/05 01/22/08 294.28 343.49 (49.21)25.0000 12/21/05 01/22/08 1,471.42 1,703.74 (232.32)

32.0000 12/22/05 01/22/08 1,883.42 2,176.62 (293.20)25.0000 02/21/06 01/22/08 1,471.42 1,687.67 (216.25)

20.0000 07/24/06 01/22/08 1,177.14 1,271.83 (94.69)300000 07/25/06 01/22/08 1,765.71 1,923.77 (158.06)40.0000 07/26/06 01/22/08 2,354.28 2,543.31 (189.03)

18.0000 07/27/06 01/22/08 1,059.42 1,144.33 (84.91)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

1M errill Lvnch




Page26 of 28



WACOAL HOLDINGS CORP ADR 82.0000 12/27/06 01/22/08 4,826.29 5,625.66 (799.37)Subtotal 446,141 .74 584,902.35 (138,760.61)

NET LONG TERM CAPITAL GAIN (LOSS) (69,529.55)TOTAL CAPITAL GAINS AND LOSSES 4,480, 516.52 4,691,095 .74 (210,579.22)TOTAL REPORTABLE GROSS PROCEEDS 4,480,516.52DIFFERENCE 0.00

Note Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation offractional shares and the proceeds from certain tender offers) It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).



TOTAL 265,575.22


EIN: 39-6786592

2008 FORM 990-PF



(406,624.89) 69, 231.06 (138,760.61)

FACIFS Merrill Lynch





Page10 of 24

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral, or wash sales adjustments. RICs (which may includemutual funds and unit investment trusts) may reclassif principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provides by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price. The difference between your original cost and the amount allocable to the debt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience. Additionally we have included items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these items with your tax advisor. For select clients, we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSDEERE CO 270.0000 05/04/07 02/14/08 23,110.91 15,326.55 7,784.36

270.0000 05/04/07 02/22/08 23,190.74 15,326.55 7,864.19

EXXON MOBIL CORP COM 390.0000 05/04/07 02/22/08 33,711.23 31,473.00 2,238.23

EMERSON ELEC CO 55.0000 05/04/07 02/14/08 2,894.41 2,569.75 324.66655 0000 05/04/07 02/22/08 33,312.93 30,603.44 2,709.49

HARSCO CORPORATION 95.0000 05/04/07 02/14/08 5,257.46 4,922.90 334.56415.0000 05/04/07 02/22/08 23,434.79 21,505.30 1,929.49

MCDONALDS CORP COM 125.0000 05/04/07 02/14/08 6,960.48 6,238.74 721.74305.0000 05/04/07 02/22/08 16,622.31 15,222.56 1,399.75

PEPSICO INC 25.0000 05/04/07 02/14/08 1,783.43 1,684.50 98.93485.0000 05/04/07 02/22/08 34,323.94 32,679.30 1,644.64

PROCTER & GAMBLE CO 60.0000 05/04/07 02/14/08 3,987.56 3,729.60 257.96520.0000 05/04/07 02/22/08 34,142.82 32,323.20 1,819.62


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch





Page11 of 24


Security Descnntion Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

REGAL ENTMT GROUP CL A 675.0000 03/28/07 02/14/08 13,769.84 13,158.38 611.46170.0000 03/28/07 02/22/08 3,41696 3,313.97 102.99

UST INC COM 530.0000 08/09/07 02/14/08 29,245.07 26,397.07 2,848.00240.0000 08/09/07 02/22/08 13,393.00 11,953.40 1,439.60390.0000 08/21/07 02/22/08 21,763.63 19,195.57 2,568.06

Subtotal 324 , 321.51 287,623.78 36,697.73

SHORT TERM CAPITAL LOSSESAT& T INC 810.0000 05/04/07 02/22/08 27,450.60 32,003.10 (4,552.50)

BOSTON PPTYS INC 150.0000 05/04/07 02/22/08 12,862.36 17,298.00 (4,435.64)

BP PLC SPON ADR 470.0000 05/04/07 02/22/08 30,319.38 32,265.50 (1,946.12)


CARNIVAL CORP PAIRED SHS 345.0000 04/17/07 02/14/08 14,570.18 16,098.94 (1,528.76)110.0000 04/17/07 02/22/08 4,475.86 5,133.00 (657.14)

570.0000 05/04/07 02/22/08 23,193.10 27,257.40 (4,064.30)

COOPER INDSTRS LTD CL A 400.0000 05/04/07 02/22/08 17,091.82 20,976.00 (3,884.18)

CBS CORP NEW CL B 910.0000 05/04/07 02/22/08 22,112.76 29,101.80 (6,989.04)

R R DONNELLEY SONS 640.0000 05/04/07 02/22/08 20,326.18 26,946.43 (6,620.25)

DU PONT E I DE NEMOURS 680.0000 05/04/07 02/22/08 30,818.15 34,714.00 (3,895.85)

EMBARQ CORP 285.0000 09/12/07 02/14/08 13,454.70 17,001.53 (3,546.83)

205.0000 09/12/07 02/22/08 8,788.25 12,229.18 (3,440.93)395.0000 09/27/07 02/22/08 16,933.46 22,902.06 (5,968.60)


EIN: 39-6786592

2008 FORM 990-PF


mc^Merrill Lynch





Page12of24



GENERAL ELECTRIC 940.0000

GENERAL GRWTH PPTYS INC 250.0000

GENERAL MILLS 470.0000

HONEYWELL INTL INC DEL 520.0000

HCP INC 730.0000

HOME DEPOT INC 600.0000

JPMORGAN CHASE & CO 610.0000

NEWELL RUBBERMAID INC 930.0000

NISOURCE INC 610.000040.000045.0000

720.0000160.0000

P P G INDUSTRIES INC 240.000085.0000

355.0000

PROLOGIS 240.0000

REGAL ENTMT GROUP CL A 960.0000

SYSCO CORPORATION 1040.0000

3M COMPANY 400.0000

UGI CORP NEW 1010.0000


EIN: 39-6786592

2008 FORM 990-PF


05/04/07 02/22/08 31,320.46 34,874.00 (3,553.54)

05/04/07 01/11/08 8,564.93 15,592.50 (7,027.57)

05/04/07 02/22/08 26,333.82 27,934.12 (1,600.30)

05/04/07 02/22/08 28,939 40 29,203.20 (263.80)

05/04/07 02/22/08 21,096.77 25,094.12 (3,997 35)

05/04/07 02/22/08 16,319.83 23,328.00 (7,008.17)

05/04/07 02/22/08 25,595.39 32,252.71 (6,657.32)

05/04/07 02/22/08 20,868.97 28,606.80 (7,737.83)

01/03/07 01/03/08 11,602.87 14,903.28 (3,300.41)01/05/07 01/03/08 760.84 950.80 (189.96)

01/18/07 01/03/08 855.95 1,054.35 (198.40)

05/04/07 01/03/08 13,695.20 17,992.80 (4,297.60)05/04/07 01/07/08 3,041.77 3,998.40 (956.63)

10/12/07 02/14/08 15,452.52 18,924.24 (3,471.72)10/12/07 02/22/08 5,371.38 6,702.34 (1,330.96)10/19/07 02/22/08 22,433.45 26,513.89 (4,080.44)

05/04/07 02/22/08 12,823.06 16,020.00 (3,196.94)

05/04/07 02/22/08 19,295.79 20,867.81 (1,572.02)

05/04/07 02/22/08 30,763.28 35,037.60 (4,274.32)

05/04/07 02/22/08 31,386.50 33,602.00 (2,215.50)

05/04/07 02/22/08 26,512.21 28,663.80 (2,151.59)

MCI'Merrill Lynch





Page13 of 24



US BANCORP (NEW) 860.0000 05/04/07 02/22/08

VORNADO REALTY TRUST COM 100.0000 05/04/07 02/22/08

VERIZON COMMUNICATNS COM 650.0000 05/04/07 02/22/08

WELLS FARGO & CO NEW DEL 970.0000 05/04/07 02/22/08

WYETH 560.0000 05/04/07 02/22/08Subtotal



27,399.30 29,575.40 (2,176.10)

8,566.90 11,912.00 (3,345.10)

23,055.25 26,344.50 (3,289.25)

29,545.88 34,716.30 (5,170.42)

22,758.16 31,886.40 (9,128.24)755,370.68 '905,875.30 (150,504.62)

(113,806.89)

AT& T INC 515.0000 01/03/07 02/14/08 19,538.88 18,282.50 1,256.3845.0000 01/05/07 02/14/08 1,707.28 1,539.45 167.8360.0000 01/18/07 02/14/08 2,276.38 2,102.40 173.98

BP PLC SPON ADR 10.0000 01/05/07 02/14/08 665.10 649.19 15.9130.0000 01/18/07 02/22/08 1,935.27 1,904.10 31.17

DEERE CO 20.0000 01/05/07 02/14/08 1,711.91 909.60 802.31

EXXON MOBIL CORP COM 290.0000 01/03/07 02/14/08 24,931.01 21,700.70 3,230.3130.0000 01/05/07 02/14/08 2,579.07 2,197.20 381.8710.0000 01/18/07 02/14/08 859.70 716.80 142.9015.0000 01/18/07 02/22/08 1,296 58 1,075.20 221.38

EMERSON ELEC CO 500.0000 01/03/07 02/14/08 26,312.65 22,200.00 4,112.6535.0000 01/05/07 02/14/08 1,841.88 1,522.15 319.7320.0000 01/18/07 02/14/08 1,052.50 892.60 159.90


EIN: 39 -6786592

2008 FORM 990-PF


Merrill Lynch





Page14 of 24



HONEYWELL INTL INC DEL 470.0000 01/03/07 02/14/08 27,086.79 21,460.19 5,626.6020.0000 01/03/07 02/22/08 1,113.05 913.21 199.8430.0000 01/05/07 02/22/08 1,669.58 1,343.40 326.1820.0000 01/18/07 02/22/08 1,113.05 900.20 212.85

HARSCO CORPORATION 125.0000 01/03/07 02/14/08 6,917.69 4,736.88 2,180.8150.0000 01/05/07 02/14/08 2,767.07 1,869.25 897.82

MCDONALDS CORP COM 135.0000 01/03/07 02/14/08 7,517 30 5,989.95 1,527.3525.0000 01/05/07 02/14/08 1,392.09 1,094.50 297.59

PEPSICO INC 350.0000 01/03/07 02/14/08 24,967.88 22,073.00 2, 894.8820.0000 01/05/07 02/14/08 1,426.73 1,262.20 164.53

PROCTER & GAMBLE CO 345.0000 01/03/07 02/14/08 22,928 44 22,283.55 644.8920.0000 01/05/07 02/14/08 1,329.18 1,271.20 57.9815.0000 01/18/07 02/14/08 996.89 980.85 16.04

3M COMPANY 275.0000 01/03/07 02/14/08 22,101.53 21,689.24 412.2915.0000 01/05/07 02/22/08 1,176.99 1,160.85 16.14

Subtotal 211 , 212.47 184,720.36 26,492.11

LONG TERM CAPITAL LOSSESAT& T INC 90.0000 01/18/07 02/22/08 3,050.06 3,153.60 (103.54)

BOSTON PPTYS INC 55.0000 01/03/07 02/14/08 4,705.74 6,217.75 (1,512.01)45.0000 01/03/07 02/22/08 3,858.70 5,087.25 (1,228.55)

BP PLC SPON ADR 330.0000 01/03/07 02/14/08 21,948.05 21,987.90 (3985)20.0000 01/05/07 02/22/08 1,290.18 1,298.41 (8.23)


EIN: 39 -6786592

2008 FORM 990-PF


MCI'

S Merrill LYnch





Page15of24



BANK OF AMERICA CORP 350.0000 01/03/07 02/14/08 14,874 83 18,889.49 (4,014.66)65.0000 01/03/07 02/22/08 2,695.51 3,508.06 (812.55)20.0000 01/05/07 02/22/08 829.39 1,065.20 (235.81)

25.0000 01/18/07 02/22/08 1,036.73 1,332.50 (295.77)

COOPER INDSTRS LTD CL A 250.0000 01/03/07 02/14/08 11,086.87 11,478.75 (391.88)70.0000 01/03/07 02/22/08 2,991.06 3,214.05 (222 99)40.0000 01/18/07 02/22/08 1,709.18 1,804.00 (94.82)

CBS CORP NEW CL B 395.0000 01/03/07 02/14/08 9,878.84 12,489.90 (2,611.06)195.0000 01/03/07 02/22/08 4,738.44 6,165.90 (1,427.46)35.0000 01/05/07 02/22/08 850.49 1,084.65 (234.16)

R R DONNELLEY SONS 320.0000 01/03/07 02/14/08 10,595.08 11,609.60 (1,014.52)2000000 01/03/07 02/22/08 6,351.92 7,256.00 (904.08)20.0000 01/05/07 02/22/08 635.19 718.00 (82.81)

DU PONT E I DE NEMOURS 415.0000 01/03/07 02/14/08 19,181.08 20,671.14 (1,490.06)40.0000 01/03/07 02/22/08 1,812.83 1,992.41 (179.58)

25.0000 01/05/07 02/22/08 1,133.01 1,202.00 (68.99)

GENERAL ELECTRIC 590.0000 01/03/07 02/14/08 20,325.27 22,455.40 (2,130.13)30.0000 01/05/07 02/22/08 999.58 1,125.30 (125.72)25.0000 01/18/07 02/22/08 832.99 937.50 (104.51)

GENERAL GRWTH PPTYS INC 210.0000 01/03/07 01/11/08 7,194.53 11,052.30 (3,857.77)15.0000 01/05/07 01/11/08 513.89 780.90 (267.01)

GENERAL MILLS 310.0000 01/03/07 02/14/08 17,000.21 17,933.50 (933.29)10.0000 01/03/07 02/22/08 560.29 578 50 (18.21)20.0000 01/05/07 02/22/08 1,120.58 1,146.20 (25.62)20.0000 01/18/07 02/22/08 1,120.58 1,130.00 (9.42)

HCP INC 350.0000 01/03/07 02/14/08 10,191.88 12,941.21 (2,749.33)55.0000 01/03/07 02/22/08 1,589.48 2,033.62 (444.14)


EIN: 39 -6786592

2008 FORM 990-PF


Merrill Lynch


Page16 of 24






HOME DEPOT INC

JPMORGAN CHASE & CO

NEWELL RUBBERMAID INC

PROLOGIS

SYSCO CORPORATION

3M COMPANY

UGI CORP NEW

US BANCORP (NEW)

190.0000180.000015.000020.0000

335.0000120.000030.000025.0000

360.0000275.000035.0000

115.000065.000015.0000

575.000025.000050.000040.0000

10.0000

645.000030.000045.0000

510.000030.000015.000020.0000

01/03/07 02/14/08 5,213.54 7,894.49 (2,680.95)

01/03/07 02/22/08 4,895 94 7,479.01 (2,583 07)

01/05/07 02/22/08 407.99 600.75 (192.76)

01/18/07 02/22/08 543.99 817.40 (273.41)

01/03/07 02/14/08 14,344.54 16,224.05 (1,879.51)

01/03/07 02/22/08 5,035.15 5,811.60 (776 45)

01/05/07 02/22/08 1,258.78 1,438.50 (179.72)

01/18/07 02/22/08 1,048.99 1,200.00 (151.01)

01/03/07 02/14/08 8,251.46 10,609.19 (2,357.73)

01/03/07 02/22/08 6,170.93 8,104.26 (1,933.33)

01/05/07 02/22/08 785.39 1,027.60 (242.21)

01/03/07 02/14/08 6,169.68 6,997.75 (828.07)01/03/07 02/22/08 3,472.91 3,955.25 (482.34)

01/05/07 02/22/08 801.44 889.80 (88.36)

01/03/07 02/14/08 16,910.56 20,860.99 (3,950.43)

01/03/07 02/22/08 739.50 907.01 (167.51)01/05/07 02/22/08 1,479.00 1,800.00 (321.00)

01/18/07 02/22/08 1,183 20 1,446.40 (263.20)

01/03/07 02/22/08 784.66 788.71 (4.05)

01/03/07 02/14/08 17,189.06 17,735.82 (546.76)

01/03/07 02/22/08 787.49 824.93 (37.44)

01/05/07 02/22/08 1,181.23 1,198.35 (17.12)

01/03/07 02/14/08 16,610.51 18,477.30 (1,866.79)

01/05/07 02/14/08 977.09 1,074.60 (97.51)

01/18/07 02/14/08 488.55 532.95 (44.40)

01/18/07 02/22/08 637.19 710.60 (73.41)

VORNADO REALTY TRUST COM 60.0000


EIN: 39-6786592

2008 FORM 990-PF


01/03/07 02/22/08 5,140.14 7,345.80 (2,205.66)

66J;S Merrill 16ynch





Page17of24



Date Acquired Date Liquidated Amortization/AccretionCover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Ga in or (Loss)

VERIZON COMMUNICATNS COM 450.0000 01/03/07 02/14/08 17,113.31 17,280.00 (166.69)

45.0000 01/03/07 02/22/08 1,596.13 1,728.00 (131.87)

20.0000 01/05/07 02/22/08 709.39 752.40 (43.01)

35.0000 01/18/07 02/22/08 1,241.43 1,312.85 (71.42)

WELLS FARGO & CO NEW DEL 510.0000 01/03/07 02/14/08 15,100.93 18,349.80 (3,248.87)

110.0000 01/03/07 02/22/08 3,350.56 3,957.80 (607.24)

35.0000 01/05/07 02/22/08 1,066.08 1,247.75 (181.67)

25.0000 01/18/07 02/22/08 761.49 904.75 (143.26)

WYETH 195.0000 01/03/07 02/14/08 7,827.21 10,095.14 (2,267.93)

240.0000 01/03/07 02/22/08 9,753.49 12,424.81 (2,671.32)

20.0000 01/05/07 02/22/08 812.79 1,028.40 (215.61)

30.0000 01/18/07 02/22/08 1,219.18 1,553.10 (333.92)Subtotal 369,763 .36 431,728.90 (61,965.54)


OTHER TRANSACTIONSFAIRPOINT COMMUNICATIONS 1400.0000 04/15/08 04/15/08 2.85 N/A N/A

Subtotal 2.85 0.00

TOTAL CAPITAL GAINS AND LOSSESTOTAL REPORTABLE GROSS PROCEEDS

DIFFERENCE

1,660,670.87 1, 809,948.34 (149,280.32)

1,660,670.870.00'

Note, Capital gains and losses in this statement are not reported to the IRS.Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of

fractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportable

gross proceeds section (e.g., option premium received).N/A - Results which cannot be calculated because of insufficient data in the Capital Gain or (Loss) Column and are not included in the realized capital gain and loss

summary.


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch






Page18 of 24


TOTAL 36, 697.73 (150, 504.62) 26, 492.11 (61,965.54)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch





Page13of27

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral, or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains . The cost basis for these securities may not have been ad j usted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your fax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available. The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID. For purposes of allocatin g original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the dbt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted; it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor . For select clients , we have also included a summary of Visa charges and checking activity.





SHORT TERM CAPITAL GAINSAETNA INC NEW 168.0000 05/17/07 01/02/08 9,545.58 8,827.37 718.21

250.0000 05/17/07 01/18/08 14,029.28 13,135.97 893.31

APPLIED MATERIAL INC 525.0000 05/17/07 02/22/08 10,127.18 9,948.71 178.47

AON CORP COM 55.0000 06/18/07 01/18/08 2,377.06 2,339.19 37.87205.0000 06/19/07 01/18/08 8,859.96 8,806.47 53.4975.0000 07/16/07 01/18/08 3,241.45 3,120.90 120.55

165.0000 07/16/07 02/22/08 6,977.01 6,866.00 111.01

BMC SOFTWARE INC 430.0000 05/17/07 01/18/08 13,566.29 13,261.20 305.09500.0000 05/17/07 02/22/08 15,934 82 15,420.01 514.81

BIOGEN IDEC INC 160.0000 12/26/07 02/22/08 9,531.10 9,424.30 106.80

CHEVRON CORP 89.0000 05/17/07 01/14/08 8,090.15 7,257.05 833.10235.0000 05/17/07 01/18/08 19,445.95 19,161.90 284.05276.0000 05/17/07 02/22/08 23,289.23 22,505.05 784.18

EXXON MOBIL CORP COM 175.0000 05/17/07 01/18/08 14,918.52 14,364.00 554.52205.0000 05/17/07 02/22/08 17,695.40 16,826.41 868.99


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch


Page14 of 27






GOLDMAN SACHS GROUP INC

HEWLETT PACKARD CO DEL

HUMANA INC

LOCKHEED MARTIN CORP

MCKESSON CORPORATION COM

MEDCO HEALTH SOLUTIONS I

MERCK&CO INC

NORTHROP GRUMMAN CORP

OCCIDENTAL PETE CORP CAL

RAYTHEON CO DELAWARE NEW

96.000064.0000

350.0000481.0000

122.0000122.0000123.0000

75.0000125.0000150.0000

220.0000

76.0000135.000070.0000

250.00008.0000

295.0000

205.0000255.0000

200.0000260.0000137.0000

250.0000316.0000

04/01/08 04/28/08 18,364.94 16,775.04 1,589.9004/01/08 04/29/08 12,156.54 11,183.36 973.18

05/17/07 01/03/08 17,428.82 15,677.06 1,751.7605/17/07 02/22/08 22,481.69 21,544.77 936.92

04/01/08 05/06/08 5,831.67 5,678.06 153.6104/01/08 05/06/08 5,745.72 5,678.06 67.6604/01/08 05/07/08 5,762.25 5,724.60 37.65

05/17/07 01/02/08 7,935.76 7,390.50 545.2605/17/07 01/18/08 12,776.05 12,317.50 458.55

05/17/07 02/22/08 15,539.82 14,781.01 758.81

05/17/07 01/18/08 14,275.58 13,512.40 763.18

05/25/07 01/07/08 8,184.81 5,959.80 2,225.0105/17/07 01/18/08 14,060.03 10,278.01 3,782.0205/17/07 02/22/08 3,530.48 2,664.68 865.8005/21/07 02/22/08 12,608.88 9,634.78 2,974.10

05/25/07 02/22/08 403.49 313.68 89.81

05/17/07 01/18/08 15,684.91 15,484.55 200.36

05/17/07 01/18/08 16,187.55 15,759.15 428.4005/17/07 02/22/08 19,915.28 19,602.85 312.43

05/17/07 01/18/08 13,591.79 10,821.86 2,769.9305/17/07 02/22/08 18,862.79 14,068.42 4,794.3704/01/08 04/21/08 11,523.18 10,191.19 1,331.99

05/17/07 01/18/08 15,184.76 13,640.45 1,544.3105/17/07 02/22/08 20,560.72 17,241.54 3,319.18

XL CAPITAL LTD CL A 530.0000


EIN: 39-6786592

2008 FORM 990-PF


04/01/08 05/05/08 18,522.65 16,600.24 1,922.41

Merrill Lynch





Page15 of 27



WELLPOINT INC 185.0000 06/18/07 01/18/08 15,371.41 15,003.19 368.22Subtotal 520,120.55 478,791.28 41 , 329.27

SHORT TERM CAPITAL LOSSESALLSTATE CORP DEL COM 175.0000 05/17/07 01/18/08 8 , 457 62 10,930.50 (2,472 88)

215.0000 05 /17/07 02 /22/08 9 , 966.15 13 , 428.91 (3,462.76)

ALTRIA GROUP INC 85 .0000 01 /02/08 01 /18/08 6 , 386.80 6,394.99 (8.19)105.0000 01 /02/08 02 /22/08 7 , 632.36 7,899.70 (267.34)

AGILENT TECHNOLOGIES INC 200 .0000 05/17/07 01 /18/08 6,747.89 7 , 542.00 (794.11)

280.0000 05 /17/07 02 /22/08 8,66030 10 , 558.81 (1,898.51)

AETNA INC NEW 92.0000 05 /17/07 02 /22/08 4 , 578.75 4,834 . 05 (255.30)165.0000 06/18/07 02/22/08 8,211.89 8 , 349.76 ( 137.87)55.0000 06/19/07 02/22/08 2,737.30 2, 773.64 (36.34)

313.0000 04/01/08 05 /12/08 13 , 563.12 13 , 677.59 (114.47)

AT& T INC 265.0000 05/17/07 01/18/08 9 , 539.85 10,920.65 ( 1,380.80)345.0000 05/17/07 02/22/08 11 , 754.02 14,217.46 (2,463.44)

APPLIED MATERIAL INC 455 .0000 05 /17/07 01 /18/08 8,226.27 8,622.21 ( 395.94)

AON CORP COM 95 .0000 08/27/07 02/22/08 4 , 017.07 4,134.60 (117.53)100.0000 08/28/07 02 /22/08 4 , 228.49 4,323.41 (94.92)

45.0000 08/29/07 02/22/08 1 , 902.83 1,938.15 (35.32)

BIOGEN IDEC INC 180 .0000 09/17/07 01/18/08 10 , 808.85 11,613.55 (804.70)51.0000 09/17/07 02/22/08 3 , 038.03 3 , 290.51 (252.48)

BANK OF AMERICA CORP 140 .0000 05/17/07 01 /18/08 5,018.92 7 , 161.00 (2,142.08)

190.0000 05/ 17/07 02 /22/08 7,865.91 9,718.51 ( 1,852.60)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page16 of 27




BIG LOTS INC COM 615.0000 05/17/07 01/18/08 8,852.85 19,988.67 (11,135.82)215.0000 05/17/07 02/04/08 3,476.83 6,987.91 (3,511.08)130.0000 05/17/07 02/22/08 2,182.67 4,225.25 (2,042.58)320.0000 10/29/07 02/22/08 5,372.74 7,924.38 (2,551.64)

CITIGROUP INC 245.0000 05/17/07 01/18/08 5,958.30 13,417.77 (7,459.47)335.0000 05/17/07 02/22/08 8,160.51 18,346.75 (10,186.24)

CA INC 15.0000 08/22/07 01/18/08 334.64 365.56 (30.92)125.0000 08/23/07 01/18/08 2,788.70 3,087.25 (298.55)125.0000 08/24/07 01/18/08 2,788.70 3,110.96 (322.26)125.0000 08/27/07 01/18/08 2,788.71 3,130.24 (341.53)140.0000 08/28/07 01/18/08 3,123.36 3,446.67 (323.31)40.0000 08/29/07 01 /18/08 892.39 990.46 (98.07)

205.0000 08/29/07 02/22/08 4,715.33 5,076.11 (360.78)245.0000 08/30/07 02/22/08 5,635.40 6,133.48 (498.08)

210.0000 08/31/07 02/22/08 4,830.35 5,314.34 (483.99)

CHUBB CORP 204.0000 02/19/08 02/22/08 10,509.95 10,639.03 (129.08)81.0000 02/20/08 02/22/08 4,173.08 4,263.15 (90.07)

CIGNA CORP 1400000 05/17/07 01/18/08 7,275.68 7,735.30 (459.62)191.0000 05/17/07 02/22/08 8,843.20 10,553.18 (1,709.98)

COMPUTER SCIENCE CRP 65.0000 06/27/07 01/18/08 2,545.36 3,827.58 (1,282.22)77.0000 06/28/07 01/18/08 3,015.27 4,588.46 (1,573.19)

108.0000 07/16/07 01/18/08 4,229.22 6,502.76 (2,273.54)

2.0000 07/16/07 02/22/08 88.69 120.43 (31.74)215.0000 07/17/07 02/22/08 9,535.14 13,219.32 (3,684.18)75.0000 07/18/07 02/22/08 3,326.22 4,577.12 (1,250.90)

ELECTR DATA SYS CORP NEW 520.0000 05/17/07 01/18/08 9,567.85 14,648.40 (5,080.55)620.0000 05/17/07 02/22/08 11,389.27 17,465.41 (6,076.14)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page17 of 27


Date Acquired Date Liquidated Amortization/AccretionSecurity Descriotion Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

EXPEDIA INC DEL

FAMILY DOLLAR STORES

GOLDMAN SACHS GROUP INC

GENERAL ELECTRIC

HONEYWELL INTL INC DEL

HASBROINC COM

107.0000 11 /26/07 01/18/08 2,524.09 3,193.19 (669.10)

105.0000 11 /27/07 01/18/08 2 , 476.92 3 , 159.21 (682.29)105.0000 11 /28/07 01 /18/08 2 , 476.92 3 ,321.37 (844.45)73.0000 11 /29/07 01/18/08 1 , 722.06 2 , 343.89 (621.83)33.0000 11 /29/07 02/22/08 788.03 1,059.58 (271.55)

137.0000 11/30/07 02/22/08 3 ,271.53 4, 456.24 (1,184.71)

260.0000 12/03/07 02/22/08 6,208.76 8,496.96 ( 2,288.20)

255.0000 05/17/07 01 /18/08 4,531.28 8 , 379.30 (3,848.02)

47.0000 05/17/07 02/05/08 929 . 63 1,544.42 (614.79)

94.0000 05/17/07 02/06/08 1,779. 89 3,088 . 84 (1,308.95)101.0000 05/17/07 02/06/08 1 , 873.88 3 , 318.86 (1,444.98)

44.0000 05/17/07 02/07/08 858 . 43 1,445 . 85 (587.42)

50.0000 05/17/07 01/02/08 10,463.61 11,343.80 (880.19)45.0000 05/17/07 01/18/08 8 , 408.57 10 , 209.42 (1,800.85)58.0000 05/17/07 02/22/08 9,992.71 13,158.81 (3,166.10)

490.0000 05/17/07 01/18/08 16,880.23 17,914.40 (1,034.17)

175.0000 01 /02/08 01 /18/08 6,028.66 6 , 437.88 (409.22)

275.0000 01 /02/08 02 /22/08 9,135.39 10,116.68 (981.29)450.0000 01 /07/08 02 /22/08 14 , 948.84 16,284.06 ( 1,335.22)

240.0000 05/17/07 01 /18/08 13,290.99 13,989 . 61 (698.62)

75.0000 07/30/07 01 /18/08 4,153.44 4,436.99 (283.55)

67.0000 07/30/07 01/28/08 3,936.11 3,963.71 (27.60)

28.0000 07/30/07 02 /22/08 1 , 562.84 1 , 656.48 (93.64)

280.0000 08/27/07 02/22/08 15 , 628.45 15 , 918.98 (290.53)215.0000 04 /01/08 04 /14/08 12 , 114.94 12 , 398.44 (283.50)147.0000 04/01/08 04/15/08 8 , 285.97 8,477.07 (191.10)

260.0000 05/17/07 01/ 18/08 5 , 961.70 8 , 079.45 (2,117.75)

302.0000 05/17/07 02/22/08 7 , 927.41 9,384.60 (1,457.19)


EIN: 39-6786592

2008 FORM 990-PF


MCI,Merrill Lynch





Page18 of 27




HERCULES INC 435.0000 05/17/07 01/18/08 6,794.59 8,086.65 (1,292.06)515.0000 05/17/07 02/22/08 9,182.34 9,573.86 (391.52)

HEWLETT PACKARD CO DEL 410.0000 05/17/07 01/18/08 18,035.62 18,364.56 (328.94)

HUMANA INC 130.0000 01/14/08 01/18/08 10,978.33 11,239.59 (261.26)140.0000 01/14/08 02/22/08 9,386.36 12,104.18 (2,717.82)55.0000 01/28/08 02/22/08 3,687.50 4,338.49 (650.99)

123.0000 04/01/08 05/08/08 5,682.25 5,724.60 (42.35)280.0000 04/01/08 05/09/08 12,713.54 13,031.64 (318.10)

INTL PAPER CO 400.0000 05/17/07 01/18/08 12,283.81 15,515.99 (3,232.18)470.0000 05/17/07 02/22/08 14,945.83 18,231.31 (3,285.48)

JANUS CAPITAL GROUP INC 75.0000 07/30/07 01/18/08 1,825.47 2,250.37 (424.90)155.0000 07/31/07 01/18/08 3,772.64 4,716.14 (943.50)

90.0000 08/01/07 01/18/08 2,190.56 2,658.16 (467.60)120.0000 08/02/07 01/18/08 2,920.76 3,650.34 (729.58)

40.0000 08/02/07 02/22/08 922.78 1,216.78 (294.00)

275.0000 08/20/07 02/22/08 6,344.18 7,763.64 (1,419.46)225.0000 08/21/07 02/22/08 5,190.70 6,356.52 (1,165.82)631.0000 04/01/08 04/14/08 15,020.11 15,766.10 (745.99)199.0000 04/01/08 04/15/08 4,662.36 4,972.20 (309.84)

JUNIPER NETWORKS INC 30.0000 09/04/07 01/18/08 796.79 1,016.30 (219.51)195.0000 09/05/07 01/18/08 5,179.13 6,652.21 (1,473.08)200.0000 09/06/07 01/18/08 5,311.94 6,961.88 (1,649.94)

10.0000 09/07/07 01/18/08 265.60 346.05 (80.45)145.0000 09/07/07 02/22/08 3,719.22 5,017.82 (1,298.60)330.0000 10/29/07 02/22/08 8,464.44 11,704.54 (3,240.10)

JPMORGAN CHASE & CO 445.0000 05/17/07 01/18/08 17,546.08 23,415.90 (5,869.82)575.0000 05/17/07 02/22/08 24,212.98 30,256.50 (6,043.52)


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch





Page19 of 27




KING PHARMACEUTICALS INC 165.0000 08/15/07 01/18/08 1,684.62 2,502.89 (818.27)240.0000 08/17/07 01/18/08 2,450.36 3,657.95 (1,207.59)35.0000 08/17/07 02/22/08 366.09 533.46 (167.37)

295.0000 08/21/07 02/22/08 3,085.66 4,448.22 (1,362.56)197.0000 08/22/07 02/22/08 2,060.60 2,990.40 (929.80)

KROGER CO 524 0000 05/17/07 01/14/08 13,540.37 15,410.84 (1,870.47)295.0000 05/17/07 01/18/08 7,551.88 8,675.95 (1,124.07)381.0000 05/17/07 02/22/08 9,711.58 11,205.22 (1,493.64)

MCKESSON CORPORATION COM 290.0000 05/17/07 02/22/08 17,199.71 17,811.80 (612.09)

MARATHON OIL CORP 295.0000 05/17/07 01/18/08 13,962.13 16,779.62 (2,817.49)349.0000 05/17/07 02/22/08 17,662.69 19,851.15 (2,188.46)

MERCK&COINC 385.0000 05/17/07 02/22/08 17,567.35 20,208.65 (2,641.30)

NOVELLUS SYS INC 475.0000 05/17/07 01/18/08 11,874.86 14,558.70 (2,683.84)

545.0000 05/17/07 02/22/08 12,235.16 16,704.20 (4,469.04)

PRUDENTIAL FINANCIAL INC 90.0000 05/17/07 01/18/08 7,200.78 9,200.70 (1,999.92)130.0000 05/17/07 02/19/08 9,273.90 13,289.91 (4,016.01)

PARKER HANNIFIN CORP 52.0000 11/05/07 01/18/08 3,209.53 4,171.02 (961.49)102.0000 11/06/07 01/18/08 6,295.63 8,382.33 (2,086.70)16.0000 11/07/07 01/18/08 987.55 1,350.48 (362.93)86.0000 11/07/07 02/22/08 5,466.09 7,258.88 (1,792.79)

104.0000 11/08/07 02/22/08 6,610.17 8,914.61 (2,304.44)

PHILIP MORRIS INTL INC 97.0000 04/01/08 04/14/08 4,640.77 4,893.64 (252.87)97.0000 04/01/08 04/15/08 4,658.21 4,893.65 (235.44)106.0000 04/01/08 04/16/08 5,201.64 5,347.71 (146.07)


EIN: 39-6786592

2008 FORM 990-PF


MCI,Merrill Lynch





Page20 of 27




PFIZER INC DEL PV$0.05 295 0000 01/02/08 01/18/08 6,637.39 6,749.03 (111.64)345.0000 01/02/08 02/22/08 7,662.36 7,892.95 (230.59)187.0000 02/04/08 02/22/08 4,153.22 4,426.63 (273.41)

88.0000 02/05/08 02/22/08 1,954.45 2,040.98 (86.53)97.0000 02/06/08 02/22/08 2,154.35 2,214.57 (60.22)78.0000 02/07/08 02/22/08 1,732.37 1,764.87 (32.50)

QWEST COMM INTL INC COM 1025.0000 05/17/07 01/18/08 5,463.16 9,922.00 (4,458.84)1370.0000 05/17/07 02/22/08 7,06912 13,261.60 (6,192.48)

SUNOCO INC PV$1 PA 31.0000 10/08/07 01/08/08 2,040.58 2,318.61 (278.03)85.0000 10/09/07 01/08/08 5,595.17 6,479.28 (884.11)10.0000 10/10/07 01/08/08 658.25 750.42 (92.17)

125.0000 05/17/07 01/18/08 7,387.38 9,312.50 (1,925.12)95.0000 05/17/07 02/22/08 5,926.97 7,077.50 (1,150.53)54.0000 10/08/07 02/22/08 3,369.03 4,038.87 (669.84)

SHERWIN WILLIAMS 220.0000 05/17/07 01/18/08 11,648.82 14,803.84 (3,155.02)49.0000 05/17/07 02/19/08 2,620.29 3,297.22 (676.93)51.0000 05/17/07 02/20/08 2,702.63 3,431.80 (729.17)

140.0000 05/17/07 02/22/08 7,548.71 9,420.63 (1,871.92)

TRAVELERS COS INC 260.0000 05/17/07 01/18/08 12,001.41 14,570.40 (2,568.99)340.0000 05/17/07 02/22/08 15,857.42 19,053.61 (3,196.19)

UNUM GROUP 55.0000 10/08/07 01/18/08 1,133.13 1,406.53 (273.40)215.0000 10/09/07 01/18/08 4,429.51 5,538.83 (1,109.32)35.0000 10/09/07 02/22/08 817.27 901.67 (84.40)

255.0000 10/10/07 02/22/08 5,954.41 6,545.19 (590.78)50.0000 10/11/07 02/22/08 1,167.54 1,272.58 (105.04)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch





Page21 of 27




VALERO ENERGY CORP NEW 55.0000 07/23/07 01/18/08 2,92925 4,019.75 (1,090.50)55.0000 07/24/07 01/18/08 2,92925 3,878.51 (949.26)55.0000 07/25/07 01/18/08 2,929.26 3,856.46 (927.20)55.0000 07/26/07 01/18/08 2,929.26 3,767.04 (837.78)40.0000 07/27/07 02/22/08 2,359.17 2,719.56 (360.39)

220.0000 07/30/07 02/22/08 12,975.46 14,929.86 (1,954.40)292.0000 04/01/08 05/12/08 13,592.02 14,891.99 (1,299 97)

XL CAPITAL LTD CL A 140.0000 05/17/07 01/18/08 5,462.71 11,406.40 (5,943.69)30.0000 05/17/07 02/22/08 1,082.38 2,444.24 (1,361.86)

190.0000 08/27/07 02/22/08 6,855.13 14,755.10 (7,899.97)

XEROX CORP 855.0000 05/17/07 01/18/08 11,337.12 15,278.85 (3,941.73)1085 0000 05/17/07 02/22/08 15,829.97 19,388.96 (3,558.99)

WELLPOINT INC 105.0000 06/19/07 02/22/08 7,699.56 8,499.76 (800.20)35.0000 09/04/07 02/22/08 2,566.52 2,854.39 (287.87)30.0000 09/05/07 02/22/08 2,199.87 2,428.95 (229.08)55.0000 09/06/07 02/22/08 4,033.11 4,404.52 (371.41)

Subtotal 1 ,079,832 . 33 1,331,584.78 (251,752.45)

NET SHORT TERM CAPITAL GAIN (LOSS) (210,423.18)TOTAL CAPITAL GAINS AND LOSSES 1,599 ,952.88 1 , 810,376.06 (210,423.18)TOTAL REPORTABLE GROSS PROCEEDS 1,599,952.88DIFFERENCE 0.00

Note- Capital gains and losses in this statement are not reported to the IRS.Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of



EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page22 of 27


TOTAL 41, 329.27


EIN: 39-6786592

2008 FORM 990-PF



(251,752.45) 0.00 0.00

FACIFMerrill Lynch


Account No.Z8L-74E23



Page12 of 23


The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales adjustments. RICs (which may includemutual funds and unit investment trusts) may reclassif principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your org final cost and the amount allocable to the debt component was allocated to the purchase contract. In malting adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first , and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for our convenience . Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor. For se

ylect clients , we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSALPHARMA INC CL A 345.0000 11/20/07 01/10/08 6,858.28 6,596.43 261.85

520.0000 11/20/07 02/22/08 12,713.86 9,942.46 2,771.40

BECKMAN COULTER INC COM 85.0000 05/18/07 01/10/08 6,268.65 5,678.85 589.80150.0000 05/18/07 02/22/08 10,133.88 10,021.51 112.37

BARD C R INC 105.0000 05/18/07 01/10/08 10,196.39 8,666.72 1,529.67185 0000 05/18/07 02/22/08 17,727.65 15,269.95 2,457.70

BARR PHARMACEUTICALS INC 135.0000 05/18/07 01/10/08 7,426.23 7,411.04 15.19

CSX CORP 660.0000 05/18/07 02/22/08 32,793.38 30,718.85 2,074.53

COVANCE INC 135.0000 05/18/07 01/10/08 12,800.38 8,810.11 3,990.27240.0000 05/18/07 02/22/08 19,749.38 15,662.44 4,086.94

CHOICEPOINT INC 265.0000 05/18/07 02/22/08 12,730.45 10,886.88 1,843.57

COVENTRY HEALTH CARE INC 180.0000 05/18/07 01/10/08 11,011.67 10,868.13 143.54


EIN: 39-6786592

2008 FORM 990-PF


MFA

Merrill Lynch





Page13 of 23




CHESAPEAKE ENERGY OKLA 185.0000 05/18/07 01/10/08 7,290.73 6,524.94 765.79330.0000 05/18/07 02/22/08 14,457 14 11,639.11 2,818.03

EXPRESS SCRIPTS INC COM 230.0000 05/18/07 01/10/08 16,920.86 11,397.72 5,523.14430.0000 05/18/07 02/22/08 28,594.72 21,308.79 7,285.93

HARRIS CORP DEL 100.0000 05/18/07 01/10/08 4,989.92 4,924.62 65.30240.0000 05/18/07 02/22/08 12,690.05 11,819.09 870.96

HARSCO CORPORATION 170.0000 05/18/07 01/10/08 9,752.38 8,786.85 965.53305.0000 05/18/07 02/22/08 17,262.81 15,764.67 1,498.14

INTL GAME TECHNOLOGY 310.0000 05/18/07 01/10/08 13,146.89 12,439.28 707.61520.0000 05/18/07 02/22/08 24,811.73 20,865.90 3,945.83

INTUIT INC COM 290.0000 08/13/07 01/10/08 8,960.89 8,238.46 722.43

NEWFIELD EXPL CO COM 165.0000 05/18/07 01/10/08 8,667.82 7,975.52 692.30

290.0000 05/18/07 02/22/08 14,262.04 14,017.59 244.45

PHARM PROD DEV INC 180.0000 05/18/07 01/10/08 8,283.49 6,261.24 2,022.25330.0000 05/18/07 02/22/08 15,153.46 11,478.96 3,674.50

REPUBLIC SERVICES INC 240.0000 05/18/07 01/10/08 7,317.48 6,929.30 388.18415.0000 05/18/07 02/22/08 12,794.30 11,981.93 812.37

TJX COS INC NEW 200.0000 05/18/07 01/10/08 5,696.21 5,602.00 94.21295 0000 05/18/07 02/22/08 9,504.79 8,262.96 1,241.83

USEC INC 1280.0000 11/29/07 02/22/08 11,033.47 10,578.31 455.16

WMS INDS INC COM 165.0000 05/18/07 01/10/08 5,520.56 4,547.14 973.42270.0000 05/18/07 02/22/08 10,570.38 7,440.78 3,129.60


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page14 of 23




XTO ENERGY INC 245.0000 05/18/07 01/10/08 13,582.59 11,392.85 2,189.74

467.0000 05/18/07 02/22/08 26,586.01 21,716.18 4,869.83

YUM BRANDS INC 150.0000 05/18/07 01/10/08 5,845.08 4,977.00 868.08

245.0000 05/18/07 02/22/08 8,388.70 8,129.11 259.59

WHITING PETROLEUM CORP 170.0000 10/31/07 01/10/08 9,899.23 8,976.23 923.00

285.0000 10/31/07 02/22/08 15,965.32 15,048.41 916.91Subtotal 508, 359.25 439,558.31 68 ,800.94

SHORT TERM CAPITAL LOSSESASTORIA FINANCIAL CORP 195.0000 05/18/07 01/10/08 4,332.83 5,129.26 (796.43)

310.0000 05/18/07 02/22/08 8,070.42 8,154.22 (83.80)

AFFILIATED COMP SVCS A 140.0000 05/18/07 01/10/08 5,784.71 8,299.19 (2,514.48)235.0000 05/18/07 02/22/08 11,916.26 13,930.81 (2,014.55)

AKAMAI TECHNOLOGIES INC 220.0000 11/26/07 01/10/08 6,168.72 8,037.23 (1,868.51)

390.0000 11/26/07 02/22/08 12,713.90 14,247.84 (1,533.94)

AMERICAN TOWER CORP CL A 225.0000 05/18/07 01/10/08 8,831.11 9,242.99 (411.88)370.0000 05/18/07 02/22/08 14,390.29 15,199.61 (809.32)

BORG WARNER INC COM 170.0000 10/31/07 01/10/08 7,656.68 8,906.13 (1,249.45)

290.0000 10/31/07 02/22/08 13,342.75 15,192.83 (1,850.08)

BOSTON PPTYS INC 130.0000 05/18/07 01/10/08 11,279.92 14,087.51 (2,807.59)

210.0000 05/18/07 02/22/08 18,142.60 22,756.77 (4,614.17)

BARR PHARMACEUTICALS INC 230.0000 05/18/07 02/22/08 11,246.87 12,626.23 (1,379.36)

BRINKER INTL INC 215.0000 05/18/07 01/10/08 3,629.14 7,115.92 (3,486.78)

350.0000 05/18/07 02/22/08 6,481.92 11,584.06 (5,102.14)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch





Page15 of 23




CSX CORP 445.0000 05/18/07 01/10/08 19,326.05 20,711.95 (1,385.90)

CHOICEPOINT INC 150.0000 05/18/07 01/10/08 4,981.42 6,162.37 (1,180.95)

COVENTRY HEALTH CARE INC 310.0000 05/18/07 02/22/08 16,387.06 18,717.35 (2,330.29)

CARMAX INC 345.0000 08/01/07 01/10/08 6,641.14 8,229.53 (1,588.39)132.0000 08/01/07 02/22/08 2,526.45 3,148.69 (622.24)463.0000 08/02/07 02/22/08 8,861.72 10,987.50 (2,125.78)

DARDEN RESTAURANTS INC 205.0000 05/18/07 01/10/08 4,815.92 9,240.15 (4,424.23)

330.0000 05/18/07 02/22/08 10,196.88 14,874.39 (4,677.51)

D R HORTON INC 240.0000 05/18/07 01/10/08 2,678.35 5,408.18 (2,729.83)365.0000 05/18/07 02/22/08 5,38004 8,224.96 (2,844.92)

EASTMAN CHEMICAL CO COM 95.0000 05/18/07 01/10/08 6,002.95 6,284.25 (281.30)

135.0000 05/18/07 02/22/08 8,873.17 8,930.25 (57.08)

EATON VANCE CORP NVT 215.0000 05/18/07 01/10/08 8,335.81 8,599.99 (264.18)

390.0000 05/18/07 02/22/08 12,499.98 15,600.01 (3,100.03)

GATX CORPORATION 170.0000 05/18/07 01/10/08 5,601 41 8,568.27 (2,966.86)275.0000 05/18/07 02/22/08 10,348.13 13,860.45 (3,512.32)

HARMAN INTL INDS INC NEW 50.0000 05/18/07 01/10/08 3,437.44 5,910.65 (2,473.21)45.0000 05/18/07 02/22/08 1,877.10 5,319.59 (3,442.49)40.0000 10/08/07 02/22/08 1,668.54 3,488.98 (1,820.44)

HOVNANIAN ENTRPRSES CL A 150.0000 05/18/07 01/10/08 848 98 3,592.12 (2,743.14)125.0000 05/18/07 02/22/08 1,086.23 2,993.45 (1,907.22)

INTEGRYS ENERGY GROUP 155.0000 10/31/07 01/10/08 8,185.93 8,292.19 (106.26)285.0000 10/31/07 02/22/08 13,777.74 15,246.93 (1,469.19)


EIN: 39-6786592

2008 FORM 990-PF


6^Merril l 16ynch





Page16 of 23




INTL RECTIFIER CORP 170.0000 05/18/07 01/10/08 4,596.72 5,959.98 (1,363.26)310.0000 05/18/07 02/22/08 7,461.61 10,868.20 (3,406.59)

INTUIT INC COM 500.0000 08/13/07 02/22/08 13,074.90 14,204.26 (1,129.36)

JEFFERIES GROUP INC NEW 270.0000 05/18/07 01/10/08 4,949.02 8,427.64 (3,478.62)420.0000 05/18/07 02/22/08 7,24912 13,109.68 (5,860.56)

MATRIA HEALTHCARE NEW 390 0000 05/18/07 01/10/08 9,738.19 11,852.25 (2,114.06)695.0000 05/18/07 02/22/08 18,632.81 21,121.34 (2,488.53)

PULTE HOMES INC COM 230.0000 05/18/07 01/10/08 2,159.66 6,014.50 (3,854.84)330.0000 05/18/07 02/22/08 4,693.79 8,629.50 (3,935.71)

PHILA CONS HLDGS CORP 1100000 05/18/07 01/10/08 4,044.63 4,597.99 (553.36)180.0000 05/18/07 02/22/08 6,313.09 7,523.99 (1,210.90)

PIONEER NATURAL RES CO 155.0000 05/18/07 01/10/08 7,252.61 7,686.17 (433.56)

300.0000 05/18/07 02/22/08 13,313.49 14,876.47 (1,562.98)

PNM RESOURCES INC 150.0000 05/18/07 01/10/08 2,918.95 4,597.17 (1,678.22)255.0000 05/18/07 02/22/08 3,248.66 7,815.20 (4,566.54)

PROTECTIVE LIFE CORP COM 125.0000 05/18/07 01/10/08 5,093.67 6,338.29 (1,244.62)

210.0000 05/18/07 02/22/08 8,246.60 10,648.33 (2,401.73)

RAYMOND JAMES FINL INC 270.0000 05/18/07 01/10/08 8,076.46 8,288.30 (211.84)

440.0000 05/18/07 02/22/08 10,731.48 13,506.86 (2,775.38)

SL GREEN REALTY CORP 105.0000 05/18/07 01/10/08 8,924.86 13,758.94 (4,834.08)175.0000 05/18/07 02/22/08 15,480.32 22,931.57 (7,451.25)

THE SCOTTS MIRACLE GROW 120.0000 05/18/07 01/10/08 4,153.13 5,560.80 (1,407.67)

225.0000 05/18/07 02/22/08 8,247.57 10,426.51 (2,178.94)


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch





Page17 of 23



SCIENTIFIC GAMES CORP A 205.0000 05/18/07 01/10/08330.0000 05/18/07 02/22/08

SNAP ON INC COM 130.0000 05/ 18/07 01/10/08230.0000 05/ 18/07 02/22/08

UNITED NAT FOODS INC 70.0000 10/30/07 01/10/08135.0000 10/30/07 02/22/08

USEC INC 735. 0000 11 /29/07 01/10/08

VALSPAR CORP COM 175.0000 05 /18/07 01/10/08325.0000 05/18/07 02/22/08

XILINX INC 240 .0000 05 /18/07 01/10/08410.0000 05/18/07 02/22/08

Subtotal

6,287.87 7,514.50 (1,226.63)7,002.55 12,096.52 (5,093.97)

5,619.81 6,894.25 (1,274.44)11,603.37 12,197.53 (594.16)

1,894.17 1,987.75 (93.58)2,289.58 3,833.53 (1,543.95)

6,063.65 6,074.25 (10.60)

3,610.19 5,032.58 (1,422.39)7,153.17 9,346.23 (2,193.06)

4,845 54 7,008.26 (2,162 72)8,745.24 11,972.46 (3,227.22)

552,043 .04 709,604.60 (157,561.56)


TOTAL CAPITAL GAINS AND LOSSES 1,060,402.29 1,149,162.91 (88,760.62)TOTAL REPORTABLE GROSS PROCEEDS 1,060,402.29DIFFERENCE 0.00'

Note: Capital gains and losses in this statement are not reported to the IRS.Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of



2008 FORM 990-PF


WMerrill Lynch






Page18 of 23


TOTAL 68,800.94 (157,561. 56) 0.00 0.00


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page17 of 33

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales ad j ustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your tax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available. The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketin event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the d9ebt component was allocated to the purchase contract . In malting adj ustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received. In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor. For select clients, we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSAMERICA MOVIL SAB DE CV 215.0000 05/17/07 02/25/08 13,279.93 12,295.85 984.08

APACHE CORP 72.0000 01/28/08 02/25/08 8,109.99 6,743.14 1,366.8574.0000 01/31/08 02/25/08 8,335.26 7,108.08 1,227.18

ARCHER DANIELS MIDLD 161.0000 05/17/07 01/23/08 6,565.47 5,934.46 631.01207.0000 05/17/07 02/25/08 9,240.37 7,630.02 1,610.35234.0000 09/17/07 02/25/08 10,445.65 7,556.37 2,889.28

BALLY TECHNOLOGIES INC 123.0000 08/22/07 01/23/08 5,645.61 4,004.15 1,641.46323.0000 08/22/07 02/25/08 13,308.68 10,514.98 2,793.70

BANK NEW YORK MELLON 302.0000 01/18/08 02/25/08 13,765 00 13,135.73 629.27

BAXTER INTERNTL INC 118.0000 05/17/07 01/23/08 7,234.46 6,724.81 509.65225.0000 05/17/07 02/25/08 13,495.35 12,822.76 672.5993.0000 06/04/07 02/25/08 5,578.08 5,357.66 220.42

BECTON DICKINSON CO 89.0000 05/17/07 01/23/08 7,563.10 6,899.27 663.83154.0000 05/17/07 02/25/08 13,993.82 11,938.09 2,055.7385 0000 06/04/07 02/25/08 7,723.87 6,472.72 1,251.15


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch





Page18of33




CHEVRON CORP 229.0000 05/17/07 02/25/08 19,833.65 18,702.44 1,131.21144.0000 06/11/07 02/25/08 12,471 82 11,709.36 762.46

CONOCOPHILLIPS 312.0000 05/17/07 02/25/08 25,527.55 22,841.53 2,686.02

CELANESE CORP DEL SER A 71.0000 02/05/08 02/25/08 2,884.99 2,788.05 96.9431.0000 02/07/08 02/25/08 1,259.65 1,228.03 31.62

CIENA CORP 177.0000 05/17/07 01/04/08 5,263.06 5,095.81 167.25

COLGATE PALMOLIVE 102.0000 05/17/07 01/23/08 7,673.34 6,867.66 805.68273.0000 05/17/07 02/25/08 20,963.13 18,381.09 2,582.04

DENTSPLY INTL INC 178.0000 05/17/07 01/23/08 7,572.02 6,365.28 1,206.74362.0000 05/17/07 02/25/08 14,280.77 12,945.12 1,335.65138.0000 06/04/07 02/25/08 5,444.06 5,100.99 343.07

DISNEY (WALT) CO COM STK 433.0000 02/06/08 02/25/08 14,124.30 13,662.06 462.24

EMERSON ELEC CO 138.0000 05/17/07 01/23/08 6,961.99 6,345.23 616.76366.0000 05/17/07 02/25/08 18,903.69 16,828.69 2,075.00

FOREST LABS INC 111.0000 01/15/08 01/23/08 4,334.48 4,220.21 114.27134.0000 01/15/08 02/25/08 5,506.24 5,094.69 411.55226.0000 01/16/08 02/25/08 9,286.67 9,017.83 268.84

GOODRICH CORPORATION 157.0000 08/08/07 02/25/08 9,644.75 9,640.38 4.37

HARRIS CORP DEL 402.0000 05/17/07 02/25/08 21,532.45 19,782.43 1,750.02

HEWLETT PACKARD CO DEL 312.0000 05/17/07 02/25/08 14,830.87 13,962.01 868.86

INTUITIVE SURGICAL INC 47.0000 05/17/07 01/23/08 12,670.77 6,097.63 6,573.1498.0000 05/17/07 02/25/08 28,268.77 12,714.22 15,554.55


EIN: 39-6786592

2008 FORM 990-PF


MFA

Merrill Lynch





Page190133




INTL BUSINESS MACHINES 97.0000 05/17/07 02/25/08 10,583.55 10,259.21 324.34122.0000 01/18/08 02/25/08 13,311.27 12,676.63 634.64

JDS UNIPHASE CORP 801.0000 02/07/08 02/25/08 10,725.27 9,881.46 843.81

JOHNSON AND JOHNSON COM 103.0000 05/17/07 01/23/08 6,580.84 6,479.72 101.12273.0000 05/17/07 02/25/08 17,346.22 17,174.44 171.78

MEMC ELECTR MAILS INC 108.0000 05/17/07 01/23/08 7,305.00 6,379.56 925.442900000 05/17/07 02/25/08 23,102.97 17,130.31 5,972.66

MEDCO HEALTH SOLUTIONS I 57.0000 11/02/07 01/23/08 5,542.02 5,373.20 168.82308.0000 11/02/07 02/25/08 15,002.51 14,517.09 485.42

MCDONALDS CORP COM 184.0000 05/17/07 01/23/08 9,755.53 9,582.71 172.82377.0000 05/17/07 02/25/08 20,882.52 19,634.17 1,248.35

MICROSOFT CORP 200.0000 05/17/07 01/23/08 6,353.90 6,207.99 145.91

NORFOLK SOUTHERN CORP 133.0000 01/28/08 02/25/08 7,116.75 6,845.44 271.31

ORACLE CORP $0.01 DEL 308.0000 05/17/07 01/23/08 6,353.94 5,855.08 498.86

PRICELINE COM INC 54.0000 05/17/07 01/04/08 5,809.00 3,103.38 2,705.62124.0000 05/17/07 01/23/08 12,437.01 7,126.28 5,310.73

235.0000 05/17/07 02/25/08 29,001.05 13,505.45 15,495.60

PERRIGO CO 141.0000 01/10/08 02/25/08 4,954.68 4,848.20 106.48141.0000 01/11/08 02/25/08 4,954.68 4,726.84 227.84118.0000 01/16/08 02/25/08 4,146.47 4,051.46 95.0110.0000 01/23/08 02/25/08 351.40 310.80 40.6010.0000 01/25/08 02/25/08 351.40 302.50 48.90

PEPSICO INC 123.0000 05/17/07 01/23/08 8,718.10 8,414.42 303.68326.0000 05/17/07 02/25/08 23,253.97 22,301.67 952.30


EIN: 39-6786592

2008 FORM 990-PF


YAC^Merrill Lynch





Page20 of 33




PROCTER & GAMBLE CO 62.0000 05/17/07 01/23/08 4,122.31 3,927.07 195.24162.0000 05/17/07 02/25/08 10,823.09 10,261.09 562.0099.0000 01/28/08 02/25/08 6,614.12 6,449.57 164.55

RAYTHEON CO DELAWARE NEW 108.0000 05/17/07 01/23/08 6,530.95 5,893.55 637.40287.0000 05/17/07 02/25/08 18,772.46 15,661.60 3,110.86

REINSURANCE GRP AMERICA 90.0000 01/25/08 02/25/08 5,048.21 5,029.02 19.19

ST MARY LD & EXPL CO 217.0000 07/11/07 02/25/08 7,839.76 7,81894 20.82

STATE STREET CORP 86.0000 07/30/07 01/23/08 6,923.75 5,855.73 1,068.02114.0000 07/30/07 01/28/08 8,970.81 7,762.25 1,208.5615.0000 07/30/07 02/25/08 1,223.53 1,021.35 202.1888.0000 09/17/07 02/25/08 7,178.08 5,648.58 1,529.5069.0000 10/16/07 02/25/08 5,628.27 5,156.16 472.11

SCIELE PHARMA INC 106.0000 01/09/08 01/23/08 2,518.53 2,420.70 97.83

TJX COS INC NEW 217.0000 01/31/08 02/25/08 6,998.17 6,904.55 93.62113.0000 02/07/08 02/25/08 3,644.20 3,526.17 118.03141.0000 02/19/08 02/25/08 4,547.21 4,227.08 320.13

TUPPERWARE BRANDS CORP 250.0000 01/30/08 02/25/08 9,171.59 8,822.58 349.01

TEVA PHARMACTCL INDS ADR 128.0000 07/12/07 01/23/08 5,724.08 5,535.61 188.4762.0000 07/12/07 02/25/08 3,051.61 2,681.32 370.2989.0000 07/13/07 02/25/08 4,380.54 3,877.27 503.2790.0000 07/16/07 02/25/08 4,429.76 3,923.99 505.77

123.0000 08/08/07 02/25/08 6,054.00 5,371.53 682.47

THERMO FISHER SCIENTIFIC 349.0000 05/17/07 02/25/08 19,965.02 18,706.41 1,258.61

URS CORP NEW COM 295.0000 06/12/07 02/25/08 14,507.94 14,374.62 133.32


EIN: 39-6786592

2008 FORM 990-PF


Mr,Merrill Lynch





Page21 of 33



WAL-MART STORES INC

WATSON WYATT WORLDWIDE


96.0000 11/16/07 01/23/08251.0000 11/16/07 02/25/08

253.0000 05/17/07 02/25/08Subtotal

4,810.48 4,411.15 399.3312, 595.04 11, 533.33 1,061.71

13,611.07 12,900.47 710.60873,148.29 760,918.53 112 , 229.76

ALBEMARLE CORP COM 119.0000 05/17/07 01/23/08 4,035.22 5,005.36 (970.14)273.0000 05/17/07 02/25/08 10,764.27 11,482.91 (718.64)

ACCENTURE LTD CL A 188.0000 12/20/07 01/23/08 6,237.85 7,044.02 (806.17)213.0000 12/20/07 02/25/08 7,333.39 7,980.73 (647.34)298.0000 01/04/08 02/25/08 10,259 88 10,448.36 (188.48)

ACTUANT CORP CL A 107.0000 06/22/07 01/23/08 2,783.02 3,339.46 (556.44)145.0000 06/22/07 02/25/08 3,997.60 4,525.45 (527.85)146.0000 07/18/07 02/25/08 4,025.18 4,809.77 (784.59)

AMERICA MOVIL SAB DE CV 81.0000 05/17/07 01/23/08 4,578.85 4,632.39 (53.54)

AT& T INC 304.0000 05/17/07 01/09/08 11,824.38 12,558.24 (733.86)222.0000 05/17/07 01/23/08 8,153.93 9,170.81 (1,016.88)632.0000 05/17/07 02/25/08 22,195.59 26,107.93 (3,912.34)

AON CORP COM 83.0000 11/05/07 01/23/08 3,637.83 3,946.40 (308.57)237.0000 11/05/07 02/25/08 10,136.37 11,268.67 (1,132.30)

AUTODESK INC DEL PV$0.01 125.0000 05/17/07 01/23/08 5,085.92 5,428.73 (342.81)330.0000 05/17/07 02/25/08 12,896.25 14,331.87 (1,435.62)

AUTOMATIC DATA PROC 117.0000 05/17/07 01/23/08 4,592.17 5,635.89 (1,043.72)311.0000 05/17/07 02/04/08 12,364.91 14,980.87 (2,615.96)


EIN: 39-6786592

2008 FORM 990-PF


MR

Merrill Lynch





Page22 of 33




BANK OF AMERICA CORP 122.0000 05/17/07 01/23/08 4,948.24 6,228.09 (1,279.85)322.0000 05/17/07 02/25/08 13,488.43 16,438.11 (2,949.68)

BARNES GROUP INC DE $.01 93.0000 07/02/07 01/23/08 2,390.99 3,049.19 (658.20)90.0000 07/02/07 02/25/08 2,138.78 2,950.83 (812.05)172.0000 07/05/07 02/25/08 4,087.44 5,708.04 (1,620.60)

W R BERKLEY CORP 141.0000 05/17/07 01/23/08 4,260.95 4,624.79 (363.84)375.0000 05/17/07 02/25/08 10,897.38 12,300.01 (1,402.63)

BOEING COMPANY 66.0000 05/17/07 01/23/08 5,043.64 6,393.41 (1,349.77)107.0000 05/17/07 02/25/08 8,952.95 10,365.10 (1,412.15)

70.0000 06/13/07 02/25/08 5,857.07 6,859.95 (1,002.88)

CORN PRODS INTL INC 101.0000 05/17/07 01/23/08 3,352.13 4,062.47 (710.34)10.0000 05/17/07 02/25/08 365.71 402.23 (36.52)

135.0000 06/06/07 02/25/08 4,937.13 5,650.17 (713.04)110.0000 07/24/07 02/25/08 4,022.85 4,998.54 (975.69)

CITRIX SYSTEMS INC COM 172.0000 07/19/07 01/23/08 5,527.99 6,444.83 (916.84)226.0000 07/19/07 02/25/08 7,665.85 8,468.23 (802.38)269.0000 07/23/07 02/25/08 9,124.41 10,098.64 (974.23)

CALIFORNIA WTR SVC GP DE 87.0000 05/17/07 01/23/08 3,129.34 3,311.22 (181.88)

230.0000 05/17/07 02/25/08 8,054.30 8,753.80 (699.50)

COSTCO WHOLESALE CRP DEL 63.0000 10/11/07 01/23/08 4,314.49 4,369.48 (54.99)165.0000 10/11/07 02/25/08 10,810.70 11,443.89 (633.19)

CHEVRON CORP 132.0000 05/17/07 01/23/08 10,707.67 10,780.44 (72.77)

CONOCOPHILLIPS 118.0000 05/17/07 01/23/08 8,405.01 8,638.77 (233.76)

CELANESE CORP DEL SER A 76.0000 12/14/07 01/23/08 2,587.76 3,358.57 (770.81)211.0000 12/14/07 02/25/08 8,573.69 9,324.48 (750.79)


EIN: 39-6786592

2008 FORM 990-PF


M Merrill Lynch





Page23 of 33




CIENA CORP 386.0000 05/17/07 01/09/08 10,589.78 11,112.91 (523.13)

CEPHALON INC COM 91.0000 07/11/07 01/23/08 6,236.13 7,381.18 (1,145.05)

31.0000 07/11/07 02/25/08 1,855.32 2,514.47 (659.15)

71.0000 07/12/07 02/25/08 4,249.31 5,853.94 (1,604.63)

73.0000 11/27/07 02/25/08 4,369.01 5,397.77 (1,028.76)

66.0000 12/12/07 02/25/08 3,950.06 4,990.51 (1,040 45)

CHURCH&DWIGHT CO INC 174.0000 01/09/08 02/25/08 9,393.31 9,659.42 (266.11)

CISCO SYSTEMS INC COM 229.0000 05/17/07 01/23/08 5,500.51 6,050.17 (549.66)

607.0000 05/17/07 02/07/08 14,140.39 16,036.95 (1,896.56)

COMVERSE TECHNOLOGY$ 001 158.0000 05/17/07 01/23/08 2,385.76 3,626.10 (1,240.34)419.0000 05/17/07 02/25/08 6,741.63 9,616.05 (2,874.42)

DPL INC 139.0000 11/27/07 01/23/08 3,869.70 4,125.50 (255.80)27.0000 11/27/07 02/25/08 716.03 801.36 (85.33)

337.0000 11/28/07 02/25/08 8,937.14 10,138.07 (1,200.93)

DIODES INC COM 107.0000 07/11/07 01/23/08 2,456.69 3,088.67 (631.98)97.0000 07/11/07 02/25/08 2,280.45 2,800.01 (519.56)

201.0000 07/12/07 02/25/08 4,725.48 5,922.16 (1,196.68)

EBAY INC COM 289.0000 05/17/07 01/23/08 8,447.77 9,568.75 (1,120.98)

577.0000 05/17/07 02/25/08 15,942.39 19,104.42 (3,162.03)196.0000 07/02/07 02/25/08 5,415.44 6,344.52 (929.08)

FRANKLIN RES INC 42.0000 05/17/07 01/23/08 3,922.73 5,642.79 (1,720.06)114.0000 05/17/07 02/25/08 10,979.21 15,316.18 (4,336.97)

GARDNER DENVER INC $.01 76.0000 05/17/07 01/23/08 2,327.84 2,985.03 (657.19)

GARDNER DENVER INC 217.0000 05/17/07 02/25/08 8,050.61 8,523.05 (472.44)


EIN: 39-6786592

2008 FORM 990-PF


MR

Merrill Lynch





Page24 of 33




GARMIN LTD (KAYMAN IS) 35.0000 11/05/07 01/24/08 2,357.21 3,338.23 (981.02)99.0000 11/05/07 01/28/08 6,684.76 9,442.45 (2,757 69)

GOODRICH CORPORATION 116.0000 07/26/07 01/23/08 7,205.80 7,246.34 (40.54)113.0000 07/26/07 02/25/08 6,941.75 7,058.95 (117.20)

GOODYEAR TIRE RUBBER 251.0000 05/17/07 01/23/08 6,217.17 8,726.56 (2,509.39)667.0000 05/17/07 02/25/08 18,122.19 23,189.73 (5,067.54)

HEXCEL CORP NEW COM 325.0000 01/08/08 02/25/08 6,675.42 7,159.62 (484.20)346.0000 01/09/08 02/25/08 7,106.76 7,401.74 (294.98)

HAIN CELESTIAL GROUP INC 199.0000 05/17/07 01/23/08 5,554.00 5,796.87 (242.87)559.0000 05/17/07 02/25/08 15,513 24 16,283.68 (770.44)

HARRIS CORP DEL 152.0000 05/17/07 01/23/08 7,119.57 7,479.91 (360.34)

HASBROINC COM 165.0000 05/17/07 01/23/08 4,093.58 5,122.25 (1,028.67)

436.0000 05/17/07 02/25/08 11,697.75 13,535.19 (1,837.44)

HEWLETT PACKARD CO DEL 143.0000 05/17/07 01/23/08 6,160.34 6,399.24 (238.90)86.0000 11/27/07 02/25/08 4,087.99 4,188.09 (100.10)

INTL BUSINESS MACHINES 80.0000 05/17/07 01/23/08 8,410.27 8,461.20 (50.93)

INTEGRYS ENERGY GROUP 180.0000 05/17/07 01/23/08 9,003.46 10,568.07 (1,564.61)220.0000 05/17/07 02/25/08 10,762.02 12,916.53 (2,154.51)

133.0000 12/18/07 02/25/08 6,50612 6,716.22 (210.10)150.0000 12/19/07 02/25/08 7,337.73 7,627.79 (290.06)

KIMBERLY CLARK 70.0000 05/17/07 01/23/08 4,537.33 5,000.80 (463.47)188.0000 05/17/07 01/28/08 11,987.38 13,430.72 (1,443.34)

KROGER CO 243.0000 05/17/07 01/23/08 6,495.29 7,141.76 (646.47)646.0000 05/17/07 02/25/08 16,446.97 18,985.95 (2,538.98)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

S Merrill Lvnch





Page25 of 33



MARRIOTT INTL INC NEW A 100.0000 05/17/07 01/23/08 3,497.94 4,503.00 (1,005.06)276.0000 05/17/07 02/06/08 9,683.98 12,428.28 (2,744.30)

METLIFE INC COM 414.0000 05/17/07 01/22/08 22,922.90 28,359.00 (5,436.10)

MACQUARIE INFRASTRUCTURE 100.0000 05/17/07 01/23/08 3,211.95 4,337.31 (1,125.36)264.0000 05/17/07 02/25/08 8,687.53 11,450.50 (2,762.97)

MCDONALDS CORP COM 112.0000 05/17/07 01/28/08 5,669.28 5,832.96 (163 68)

MENS WEARHOUSE INC COM 286.0000 05/17/07 01/11/08 5,159.70 12,841.63 (7,681.93)

MICROSOFT CORP 462.0000 05/17/07 02/25/08 12,788.05 14,340.49 (1,552.44)135.0000 10/26/07 02/25/08 3,736.78 4,693.94 (957.16)

NORFOLK SOUTHERN CORP 184.0000 02/12/08 02/25/08 9,845.73 10,102.98 (257.25)

NORTHN TRUST CORP 189.0000 01/17/08 02/25/08 13,394.30 13,727.52 (333.22)

ORACLE CORP $0.01 DEL 819.0000 05/17/07 02/25/08 15,364.35 15,569.19 (204.84)

PACKAGING CORP AMERICA 889.0000 05/17/07 01/23/08 20,588.92 22,644.61 (2,055.69)

PROGRESS ENERGY INC 82.0000 12/06/07 01/23/08 3,737.50 4,102.20 (364.70)122.0000 12/06/07 02/25/08 5,356.06 6,103.29 (747.23)102.0000 12/10/07 02/25/08 4,478.03 5,097.83 (619.80)

PHILLIPS VAN HEUSEN 110.0000 05/17/07 01/23/08 4,406.13 5,953.86 (1,547.73)105.0000 05/17/07 02/19/08 3,918.31 5,683.23 (1,764.92)188.0000 05/17/07 02/21/08 7,022.00 10,175.69 (3,153.69)

REINSURANCE GRP AMERICA 92.0000 01/28/08 02/25/08 5,160.39 5,206.69 (46.30)118.0000 01/29/08 02/25/08 6,618.76 6,732.81 (114.05)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page26 of 33



SEAGATE TECHNOLOGY 166.0000 08/29/07 01/23/08 3,285.08 4,282.61 (997.53)301.0000 08/29/07 02/25/08 7,207 49 7,765.48 (557.99)150.0000 10/17/07 02/25/08 3,591.77 4,033.01 (441.24)

ST JUDE MEDICAL INC 149.0000 07/24/07 01/23/08 6,240.42 6,704.85 (464.43)185.0000 07/24/07 02/25/08 8,058.51 8,324.82 (266.31)234.0000 10/16/07 02/25/08 10,192 92 10,658.30 (465.38)

SAFEWAY INC NEW 154.0000 05/17/07 01/23/08 5,001.84 5,380.75 (378.91)408.0000 05/17/07 02/25/08 12,164.67 14,255.53 (2,090.86)

ST MARY LD & EXPL CO 107.0000 07/10/07 01/23/08 3,557.69 3,904.37 (346.68)84.0000 07/10/07 02/25/08 3,034.74 3,065.12 (30.38)

SANDERSON FARMS INC COM 29.0000 05/25/07 01/23/08 953.79 1,232.08 (278.29)88.0000 05/25/07 02/25/08 3,114.29 3,738.75 (624.46)

SAKS INC 283.0000 07/06/07 01/23/08 4,887.33 5,908.13 (1,020.80)

218.0000 07/06/07 02/05/08 3,609.52 4,551.14 (941.62)

235.0000 07/06/07 02/25/08 3,772.50 4,906.05 (1,133.55)314.0000 07/09/07 02/25/08 5,040.72 6,617.05 (1,576.33)

SCHERING PLOUGH CORP 289.0000 05/17/07 01/16/08 6,929.24 9,363.59 (2,434.35)365.0000 05/17/07 01/16/08 8,680.22 11,826.01 (3,145.79)205.0000 09/10/07 01/16/08 4,875.20 6,050.88 (1,175.68)

SECTOR SPDR UTILITIES 189.0000 05/17/07 01/23/08 7,508.85 8,049.51 (540.66)500.0000 05/17/07 02/25/08 19,614 78 21,295.00 (1,680.22)

SCHWAB CHARLES CORP NEW 360.0000 12/13/07 02/25/08 7,232.35 8,535.92 (1,303.57)125.0000 01/23/08 02/25/08 2,511.24 2,783.74 (272.50)

SCIELE PHARMA INC 106.0000 01/09/08 02/25/08 2,294.88 2,420.70 (125.82)

202.0000 01/10/08 02/25/08 4,373.27 4,715.39 (342.12)


EIN: 39-6786592

2008 FORM 990-PF


PAC"

Merrill Lynch





Page27 of 33



SNAP ON INC COM 119.0000 08/08/07 01/23/08 4,893 .01 6,09873 (1,205 72)

261.0000 08/08/07 02/25/08 13,308.84 13,376.23 (67.39)

SYNOPSYS INC 188.0000 05/17/07 01/23/08 4,260.03 5,177.59 (917.56)498.0000 05/17/07 01/31/08 10,967.92 13,715.12 (2,747.20)

TUPPERWARE BRANDS CORP 216.0000 01/31/08 02/25/08 7,924.27 8,111.25 (186.98)

TEXAS INSTRUMENTS 692.0000 06/08/07 01/04/08 20,974.33 24,864.32 (3,889.99)

TRIUMPH GROUP INC NEW 46.0000 05/17/07 01/23/08 2,423.24 3,005.18 (581.94)

123.0000 05/17/07 02/25/08 6 ,880.54 8,035.59 (1,155.05)

THERMO FISHER SCIENTIFIC 132.0000 05/17/07 01/23/08 6,648.73 7,075 19 (426 46)

TEREX CORP DEL NEW COM 65.0000 05/17/07 01/23/08 3,365.64 5,117.45 (1,751.81)

171.0000 05/17/07 02/25/08 11,645.96 13,462.83 (1,816.87)

URS CORP NEW COM 110.0000 06/12/07 01/23/08 4,548.43 5,360.02 (811.59)

WABCO HOLDINGS INC 19.0000 05/17/07 01/23/08 768.34 983.82 (215.48)

52.0000 05/17/07 02/25/08 2,217.25 2,692.58 (475.33)

WATSON WYATT WORLDWIDE 128.0000 05/17/07 01/23/08 6,029.98 6,526.72 (496.74)

86.0000 05/17/07 02/05/08 3,933.73 4,385.14 (451.41)

WELLPOINT INC 71.0000 05/17/07 01/23/08 5,376.03 6,030.74 (654.71)

187.0000 05/17/07 02/25/08 13,894.56 15,883 .78 (1,989.22)Subtotal 1,096,097.03 1,267,697.08 (171,600.05)


TOTAL CAPITAL GAINS AND LOSSES 1,969, 245.32 2 ,028,615.61 (59,370.29)

TOTAL REPORTABLE GROSS PROCEEDSDIFFERENCE


EIN: 39-6786592

2008 FORM 990-PF


1,969,245.320.00

Mr,Merrill Lynch






Page28 of 33





TOTAL 112,229.76


EIN: 39-6786592

2008 FORM 990-PF


(171,600.05) 0.00 0.00

W',S Merrill Lynch






Page14 of 30

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales adjustments. RICs (which may includemutual funds and unit investment trusts) may reclassi f^ principal distributions as capital gains . The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided ' by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss ) are available . The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID . For purposes of allocating original purchaseprice to the components of an equity unit consistin g of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ong final cost and the amount allocable to the dbt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor. For select clients, we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSABBOTT LABS 96.0000 07/26/07 02/22/08 5,227.53 4,951.22 276.31

ALTRIA GROUP INC 126.0000 05/17/07 02/01/08 9,550.69 8,793.54 757.15

110.0000 05/17/07 02/14/08 8,013.41 7,676.90 336.51

34.0000 05/17/07 02/22/08 2,472.79 2,372.86 99.93142.0000 08/15/07 02/22/08 10,327.54 9,522.70 804.84

AMERICAN TOWER CORP CL A 146.0000 08/16/07 02/22/08 5,68956 5,537.72 151.84

ANHEUSR BUSCH COS INC 524.0000 03/31/08 05/15/08 27,098.13 24,926.68 2,171.45

APPLE INC 81.0000 05/17/07 02/13/08 10,312.82 8,878.40 1,434.4259.0000 05/17/07 02/14/08 7,538.34 6,466.98 1,071.36

186.0000 05/17/07 02/22/08 22,267.69 20,387.45 1,880.24

BAXTER INTERNTL INC 205.0000 05/17/07 02/14/08 12,422.86 11,668.59 754.27486.0000 05/17/07 02/22/08 28,812.58 27,663.13 1,149.45134.0000 11/13/07 02/22/08 7,944.21 7,754.82 189.39


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch





Page15 of 30



Date Acquired Date Liquidated Amortization/AccretionCover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gai n o r (Loss )

BECTON DICKINSON CO 118.0000 05/17/07 02/14/08 10,75912 9,150.56 1,608.56

157.0000 05/17/07 02/22/08 13,986.21 12,174.92 1,811.29

56.0000 07/26/07 02/22/08 4,988.71 4,346.90 641.81

132.0000 08/20/07 02/22/08 11,759.13 10,152.78 1,606.35

CVS CAREMARK CORP 213.0000 01/07/08 02/14/08 8,492.21 8,123.60 368.61

368.0000 01/07/08 02/22/08 14,870.71 14,035.16 835.55

308.0000 01/11/08 02/22/08 12,446.14 11,432.96 1,013.18

CANADIAN NATURAL RES LTD 114.0000 05/17/07 02/14/08 7,471.47 7,290.30 181.17

388.0000 05/17/07 02/22/08 26,255.67 24,812.61 1,443.06

CISCO SYSTEMS INC COM 209.0000 03/31/08 04/01/08 5,198.07 5,091.24 106.83

COCA COLA COM 176.0000 05/17/07 02/14/08 10,315.24 9,188.95 1,126.29562.0000 05/17/07 02/22/08 32,619.13 29,342.03 3,277.10

COLGATE PALMOLIVE 172.0000 05/17/07 02/14/08 13,154.41 11,589.13 1,565.28

389.0000 05/17/07 02/22/08 29,501.42 26,210.32 3,291.10139.0000 08/03/07 02/22/08 10,541.65 9,312.18 1,229.47130.0000 03/31/08 04/07/08 10,167.75 10,110.09 57.66

DANAHER CORP DEL COM 65.0000 05/17/07 02/14/08 4,889.89 4,649.66 240.23

201.0000 05/17/07 02/22/08 14,892.46 14,378.20 514.26

E M C CORPORATION MASS 355.0000 05/17/07 02/14/08 5,726.08 5,577.05 149.03

EOG RESOURCES INC 307.0000 05/17/07 01/10/08 27,337.56 23,605.23 3,732.33

EXELON CORPORATION 102.0000 05/17/07 02/14/08 8,010.99 7,840.74 170.25

314.0000 05/17/07 02/22/08 24,334 73 24,137.18 197.55

EMERSON ELEC CO 106.0000 05/17/07 02/14/08 5,593.55 4,864.34 729.21

327.0000 05/17/07 02/22/08 16,687.50 15,006.03 1,681.47


EIN: 39-6786592

2008 FORM 990-PF


FACIIMerrill Lynch





Page16 of 30




FPL GROUP INC 125.0000 10/12/07 02/14/08 8,003.66 7,922.70 80.96405 0000 10/12/07 02/22/08 25,853.53 25,669.55 183.98

FOMENTO ECNMCO MEX SPADR 145.0000 10/01/07 02/14/08 5,940.58 5,501.37 439.21414.0000 10/01/07 02/22/08 17,409.70 15,707.37 1,702.33

GENL DYNAMICS CORP COM 62.0000 05/17/07 02/14/08 5,17694 5,023.74 153.20

191.0000 05/17/07 02/22/08 15,889.11 15,476.39 412.72

GENENTECH INC NEW 117.0000 01/15/08 02/14/08 8,460.17 8,165.93 294.24363.0000 01/15/08 02/22/08 25,896.13 25,335.33 560.80

GOLDCORP INC 836.0000 06/06/07 01/17/08 28,862.03 20,420.39 8,441.64

GOOGLE INC CL A 25 0000 05/17/07 01/25/08 14,574.06 11,802.24 2,771.82

24.0000 05/17/07 02/14/08 12,828.33 11,330.16 1,498.1747.0000 05/17/07 02/22/08 23,769.98 22,188.23 1,581.75

GILEAD SCIENCES INC COM 185.0000 10/22/07 02/14/08 8,311.97 7,872.24 439.73

582.0000 10/22/07 02/22/08 24,979.16 24,765.68 213.48

HEWLETT PACKARD CO DEL 409.0000 05/17/07 01/07/08 18,727.82 18,331.37 396.45

INTUIT INC COM 183.0000 05/17/07 02/14/08 5,605.31 5,087.40 517.91

JOHNSON AND JOHNSON COM 125.0000 05/17/07 02/14/08 7,863.66 7,851.24 12.42

LOCKHEED MARTIN CORP 75.0000 08/24/07 02/14/08 8,060.16 7,421.53 638.63130.0000 08/24/07 02/22/08 13,599.14 12,864.00 735.14

L-3 COMMNCTNS HLDGS 73.0000 05/17/07 02/14/08 7,840.84 6,917.48 923.36225.0000 05/17/07 02/22/08 23,752.98 21,321.01 2,431.97


EIN: 39-6786592

2008 FORM 990-PF


FACIP6ZMerrill Lynch






Page17 of 30

Security Descnation Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

MEMC ELECTR MATLS INC 75.0000 05/17/07 02/14/08 5,930.93 4,437.69 1,493.2454.0000 05/17/07 02/22/08 4,281.61 3,195.14 1,086.47

178.0000 07/12/07 02/22/08 14,113.46 10,970.37 3,143.09

MONSANTO CO NEW DEL COM 92.0000 05/17/07 01/23/08 8,680.95 5,754.75 2,926.20130.0000 05/17/07 02/14/08 15,146.13 8,131.72 7,014.41349.0000 05/17/07 02/22/08 40,286.47 21,830.56 18,455.91

MCDONALDS CORP COM 142.0000 05/17/07 01/11/08 7,673.59 7,406.72 266.87182 0000 05/17/07 02/14/08 10,170.04 9,493.12 676.92512.0000 05/17/07 02/22/08 28,093.13 26,705.92 1,387.21171.0000 03/31/08 05/14/08 10,414.76 9,565.62 849.14

MERCK&COINC 818.0000 03/31/08 04/17/08 32,412.90 31,084.00 1,328.90

NATIONAL-OILWELL VARCO 112.0000 05/17/07 02/14/08 7,101.84 5,152.11 1,949.73363.0000 05/17/07 02/22/08 22,829.64 16,698.36 6,131.28

NIKE INC CL B 133.0000 05/17/07 02/14/08 8,324.37 7,047.66 1,276.71227.0000 05/17/07 02/22/08 13,753.77 12,028.74 1,725.03193.0000 10/04/07 02/22/08 11,693.75 11,453.76 239.99

NORTHN TRUST CORP 77.0000 10/08/07 02/14/08 5,630.17 5,415.27 214.90

OCCIDENTAL PETE CORP CAL 91.0000 07/12/07 02/14/08 6,566.48 5,585.56 980.92162.0000 07/12/07 02/22/08 11,858.26 9,943.53 1,914.73146.0000 01/25/08 02/22/08 10,687.09 9,619.97 1,067.12

PETRLEO BRAS VTG SPD ADR 78.0000 07/02/07 02/14/08 9,020.60 4,864.08 4,156.52129.0000 07/02/07 02/22/08 15,152.17 8,044.45 7,107.72101.0000 07/12/07 02/22/08 11,863.33 6,792.19 5,071.14


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch





Page18 of 30

Security DescnDtion Quantity



PEPSICO INC 143.0000 05/17/07 02/14/08 10,237.25 9,796.93 440.32289.0000 05/17/07 02/22/08 20,523.42 19,799.40 724.0270.0000 07/25/07 02/22/08 4,971.07 4,775.90 195.1784.0000 08/15/07 02/22/08 5,965.29 5,707.51 257.78

PRECISION CASTPARTS 62.0000 05/17/07 02/14/08 7,247.10 7,061.18 185.92

179.0000 05/17/07 02/22/08 20,473.79 20,386.32 87.47

PROCTER & GAMBLE CO 177.0000 05/17/07 02/14/08 11,804 00 11,207 63 596.37553.0000 05/17/07 02/22/08 36,497.59 35,015.97 1,481.62

QUALCOMM INC 121.0000 01/25/08 02/14/08 4,969.42 4,861.23 108.19384.0000 01/25/08 02/22/08 16,383.94 15,427.40 956.54

STATE STREET CORP 85.0000 05/17/07 02/14/08 7,023.47 5,724.83 1,298.64251.0000 05/17/07 02/22/08 20,269.55 16,905.11 3,364.44

SCHLUMBERGER LTD 71.0000 05/17/07 02/14/08 6,010.79 5,595.14 415.65227.0000 05/17/07 02/22/08 18,938.39 17,888.70 1,049.69

SPECTRA ENERGY CORP 215.0000 08/16/07 02/14/08 5,058.89 4,792.13 266.76645.0000 08/16/07 02/22/08 15,292.78 14,376.41 916.37420.0000 03/31/08 05/21/08 11,470.21 9,536.82 1,933.39

THERMO FISHER SCIENTIFIC 200.0000 05/17/07 02/14/08 11,364.95 10,720.73 644.22622.0000 05/17/07 02/22/08 34,985.31 33,341.51 1,643.80

UNITED TECHS CORP COM 71.0000 05/17/07 02/14/08 5,183.65 4,928.81 254.8488.0000 05/17/07 02/22/08 6,271.68 6,108.97 162.71

XTO ENERGY INC 110.0000 09/19/07 02/14/08 6,080.73 5,612.85 467.88321.0000 09/19/07 02/22/08 18,282.47 16,379.35 1,903.12


EIN: 39-6786592

2008 FORM 990-PF


FACII44% Merrill Lynch





Page19 of 30



WELLS FARGO & CO NEW DEL 511.0000 01/24/08 02/22/08 15,605.76 15,400.88 204.88905.0000 03/31/08 05/19/08 26,446.57 26,416.95 29.62

Subtotal 1 , 458,126 .72 1,304,988.45 153,138.27

SHORT TERM CAPITAL LOSSESABBOTT LABS 191.0000 05/17/07 02/14/08 10,624.33 11,253.49 (629.16)

500.0000 05/17/07 02/22/08 27,226.69 29,459.40 (2,232.71)

ADOBE SYS DEL PV$ 0.001 186.0000 05/17/07 01/23/08 6,158.51 7,921.94 (1,763.43)162.0000 05/17/07 02/14/08 5,674.81 6,899.76 (1,224.95)448.0000 05/17/07 02/22/08 15,626.10 19,080.82 (3,454.72)

ALTRIA GROUP INC 152.0000 01/04/08 02/22/08 11,054 84 11,508.51 (453.67)

ABB LTD SPON ADR 194.0000 11/13/07 02/14/08 4,481.35 5,519.41 (1,038.06)562.0000 11/13/07 02/22/08 13,257.43 15,989.24 (2,731.81)

ABERCROMBIE & FITCH CO 85.0000 05/17/07 02/14/08 6,500.72 6,798.29 (297.57)267.0000 05/17/07 02/22/08 20,425.27 21,354.67 (929.40)256.0000 03/31/08 04/14/08 18,022 44 18,815.56 (793.12)

AMERICAN TOWER CORP CL A 208.0000 07/17/07 02/14/08 8,118.15 9,104.40 (986.25)518.0000 07/17/07 02/22/08 20,186.23 22,673.49 (2,487.26)

AMDOCS LIMITED 154.0000 05/17/07 02/14/08 4,900.22 5,446.98 (546.76)360.0000 05/17/07 02/22/08 11,150 01 12,733.21 (1,583.20)285.0000 01/11/08 02/22/08 8,827.10 9,360.57 (533.47)

AT& T INC 312.0000 07/25/07 02/12/08 11,559.31 12,558.19 (998.88)242.0000 08/17/07 02/12/08 8,965.88 9,455.18 (489.30)

AMER EXPRESS COMPANY 294.0000 05/17/07 01 /03/08 15,017.50 18,707.23 (3,689.73)


EIN: 39-6786592

2008 FORM 990-PF


FACIIMerrill Lynch





Page20 of 30




ANHEUSR BUSCH COS INC 103 0000 01/07/08 02/14/08 4,944.97 5,541.23 (596.26)313.0000 01/07/08 02/22/08 14,764.04 16,838.90 (2,074.86)93.0000 02/19/08 02/22/08 4,386.76 4,501.79 (115.03)

BURLNGTN N SNTA FE$0.01 264.0000 05/17/07 01/07/08 20,508.07 25,006.08 (4,498.01)

CITRIX SYSTEMS INC COM 139.0000 10/18/07 02/14/08 5,041.48 5,564.26 (522.78)431.0000 10/18/07 02/22/08 15,002.94 17,253.24 (2,250.30)

CISCO SYSTEMS INC COM 599.0000 05/17/07 02/06/08 13,894.24 15,783.65 (1,889.41)315.0000 05/17/07 02/14/08 7,437.09 8,300.25 (863.16)979.0000 05/17/07 02/22/08 22,653.91 25,796.66 (3,142.75)

COLGATE PALMOLIVE 144.0000 03/31/08 04/30/08 10,343.29 11,198.88 (855.59)

E M C CORPORATION MASS 753.0000 05/17/07 02/22/08 11,377.70 11,829.64 (451.94)412.0000 06/04/07 02/22/08 6,225.25 7,013.27 (788.02)

EBAY INC COM 161.0000 10/04/07 02/14/08 4,507.97 6,289.96 (1,781.99)255.0000 10/04/07 02/22/08 6,915.54 9,962.37 (3,046.83)258.0000 12/20/07 02/22/08 6,996.91 8,552.67 (1,555.76)

FIRSTENERGY CORP 76.0000 01/04/08 02/14/08 5,408.86 5,678.01 (269.15)228.0000 01/04/08 02/22/08 15,945.64 17,034.04 (1,088.40)

GENERAL ELECTRIC 91.0000 05/17/07 02/14/08 3,140.37 3,327.87 (187.50)277.0000 05/17/07 02/22/08 9,235.82 10,129.89 (894.07)731.0000 03/31/08 05/16/08 23,401.87 27,142.03 (3,740.16)

GOOGLE INC CL A 280000 02/08/08 02/22/08 14,160.85 14,412.01 (251.16)

HEWLETT PACKARD CO DEL 306.0000 05/17/07 01/09/08 13,312.01 13,714.93 (402.92)163.0000 08/06/07 01/09/08 7,091.05 7,856.29 (765.24)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page21 of 30

Security Descnotion Quantity



INTEL CORP 432.0000 05/17/07 02/14/08 8,886.14 9,646.51 (760.37)

870.0000 05/17/07 02/22/08 17,138 88 19,427.02 (2,288.14)

469.0000 06/14/07 02/22/08 9,239.25 10,740.66 (1,501.41)

INTUIT INC COM 60.0000 05/17/07 02/22/08 1,580.98 1,668.01 (87.03)

497.0000 05/21/07 02/22/08 13,095.86 15,662.51 (2,566.65)

720.0000 03/31/08 05/13/08 19,490.36 19,540.80 (50.44)

JPMORGAN CHASE & CO 162.0000 11/14/07 02/14/08 6,952.96 7,325.59 (372.63)

561.0000 11/14/07 02/22/08 23,763.69 25,368.25 (1,604.56)

JOHNSON AND JOHNSON COM 216.0000 05/17/07 02/22/08 13,543.54 13,566.97 (23.43)

180.0000 11/09/07 02/22/08 11,286.29 11,709.68 (423.39)

KRAFT FOODS INC VA CL A 298.0000 05/17/07 02/01/08 8,719.08 9,819.11 (1,100.03)

335.0000 08/31/07 02/01/08 9,801.66 10,786.40 (984.74)

KROGER CO 304.0000 11/19/07 02/14/08 8,061.99 8,563.22 (501.23)

655.0000 11/19/07 02/22/08 16,794.01 18,450.37 (1,656.36)

314.0000 12/24/07 02/22/08 8,050.87 8,519.92 (469.05)

LOCKHEED MARTIN CORP 98.0000 10/11/07 02/22/08 10,251.67 11,023.80 (772.13)

66.0000 02/19/08 02/22/08 6,904.19 7,092.09 (187.90)

MORGAN STANLEY 105.0000 02/01/08 02/14/08 4,479.25 5,124.48 (645.23)

316.0000 02/01/08 02/22/08 13,515.17 15,422.26 (1,907.09)

MACYS INC 189.0000 02/04/08 02/14/08 4,579.41 5,115.35 (535.94)

560.0000 02/04/08 02/22/08 13,825.12 15,156.63 (1,331.51)

MEDTRONIC INC COM 114.0000 05/17/07 02/14/08 5,500.43 5,860.74 (360.31)

168.0000 05/17/07 02/22/08 8,115.99 8,636.88 (520.89)

188.0000 08/07/07 02/22/08 9,082.18 10,091.97 (1,009.79)


EIN: 39-6786592

2008 FORM 990-PF


MCI,Merrill Lvnch


Page22 of 30






MERCK&CO INC

MICROSOFT CORP

NEWS CORP CL A

NOKIA CORP SPON ADR

NORTHN TRUST CORP

OMNICOM GROUP COM

ORACLE CORP $0.01 DEL

201.0000301.0000210.0000122.0000

445.0000693.0000383.0000333.0000

391.0000578.0000475.0000196.0000

213.0000368.0000304.0000

240.0000

308.0000340.0000

362.0000760.0000377.0000

10/04/07 02/14/08 9,450.91 10,527.59 (1,076.68)10/04/07 02/22/08 13,752.53 15,765.21 (2,012.68)10/17/07 02/22/08 9,594.79 11,203.50 (1,608.71)11/13/07 02/22/08 5,574.13 6,928.97 (1,354.84)

05/17/07 02/14/08 12,726.86 13,803.90 (1,077.04)05/17/07 02/22/08 19,154 37 21,496.86 (2,342.49)08/06/07 02/22/08 10,586.04 11,183.64 (597.60)10/17/07 02/22/08 9,204.06 10,274.95 (1,070.89)

09/24/07 02/14/08 7,522.75 8,546.36 (1,023.61)09/24/07 02/22/08 10,883.61 12,633.75 (1,750.14)10/05/07 02/22/08 8,944.15 10,947.42 (2,003.27)12/21/07 02/22/08 3,690.65 4,091.42 (400.77)

09/21/07 02/14/08 7,740.33 7,905.60 (165.27)09/21/07 02/22/08 13,384.01 13,658.51 (274.50)12/20/07 02/22/08 11,056.36 11,488.80 (432.44)

10/08/07 02/22/08 16,485.41 16,878.77 (393.36)

10/11/07 01/07/08 13,968.69 16,018.24 (2,049.55)10/11/07 02/14/08 15,809.82 17,682.49 (1,872.67)

08/24/07 02/14/08 6,932.22 7,132.81 (200.59)08/24/07 02/22/08 13,999.03 14,974.97 (975.94)08/31/07 02/22/08 6,944.27 7,636.89 (692.62)

PROCTER & GAMBLE CO 140.0000

RESEARCH IN MOTION LTD 95.0000

STATE STREET CORP 45.0000

SCHLUMBERGER LTD 83.0000


EIN: 39-6786592

2008 FORM 990-PF


03/31/08 04/28/08 9,251.43 9,788.79 (537.36)

11/14/07 01/16/08 8,388.34 10,869.68 (2,481.34)

01/03/08 02/22/08 3,633.99 3,791.90 (157.91)

02/19/08 02/22/08 6,924.62 7,215.90 (291.28)

PAC"

Merrill Lynch





Page23 of 30



THERMO FISHER SCIENTIFIC 774.0000 03/31/08 04/08/08 43,990.89 44,124.26 (133.37)29.0000 03/31/08 04/09/08 1,652.98 1,653.24 (0.26)

UNITED TECHS CORP COM 130.0000 08/17/07 02/22/08 9,265.00 9,554.49 (289.49)

WELLS FARGO & CO NEW DEL 182.0000 01/24/08 02/14/08 5,418.08 5,485.24 (67.16)Subtotal 1,043,062.81 1,150,951.63 (107,888.82)

NET SHORT TERM CAPITAL GAIN (LOSS) 45,249.45

TOTAL CAPITAL GAINS AND LOSSES 2,501,189.53 2,455,940.08 45,249.45

TOTAL REPORTABLE GROSS PROCEEDS 2,501,189.53DIFFERENCE 0.00'

Note Capital gains and losses in this statement are not reported to the IRS.Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of

fractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received)



TOTAL 153,138.27 (107,888.82) 0.00 0.00


EIN: 39-6786592

2008 FORM 990-PF


PACIFMerrill Lynch Account No.

2BL-74E27Taxpayer No.22-3513863

Page16 of 30

MERRILL LYNCH TRUST COMPANY2008 ANNUAL STATEMENT SUMMARY


The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral, or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your f"ax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract . In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.





SHORT TERM CAPITAL GAINSACTIVISION INC COM NEW 290.0000 10/19/07 01/09/08 7,960.40 6,449.57 1,510.83

310.0000 10/19/07 02/21/08 8,301.73 6,894.37 1,407.36

AFFILIATED COMP SVCS A 130.0000 02/05/08 02/21/08 6,632.52 6,377.44 255.08

APOLLO GROUP INC CL A 110.0000 10/19/07 01/09/08 8,680.11 7 ,288.58 1 ,391.53

ARCH COAL INC 130.0000 02/05/08 02/21/08 6,853.52 6,234.37 619.15

AGCO CORP COM 130.0000 10/19/07 01/09/08 7,868.77 6,736.61 1,132.16145.0000 10/19/07 02/21/08 9,456.79 7,513.92 1,942.87118.0000 04/02/08 04/10/08 7,612.13 7,382.38 229.75

BUNGE LIMITED 55.0000 10/19/07 01/09/08 6,938.14 5,841.00 1,097.1470.0000 10/19/07 02/21/08 7,802.11 7,434.00 368.11

CSX CORP 130.0000 01/31/08 02/21/08 6,528.52 6,193.75 334.77

COGNIZANT TECH SOLUTNS A 10.0000 02/08/08 02/21/08 323.30 322.10 1.20

CIMAREX ENERGY CO 125.0000 02/20/08 02/21/08 6,133.68 5,996.25 137.43


EIN: 39-6786592

2008 FORM 990-PF


MR

Merrill Lynch





Page17 of 30




CELANESE CORP DEL SER A 190.0000 10/19/07 02/21/08 7,721.51 7,567.71 153.80

CHURCH&DWIGHT CO INC 130.0000 11/20/07 01/09/08 7,197.98 6,783.93 414.05120.0000 11/20/07 02/21/08 6,403.12 6,262.10 141.02

CIGNA CORP 130.0000 10/19/07 01/09/08 7,265.58 6,783.40 482.18

DOLBY LABORATORIES INC 120.0000 10/19/07 01/09/08 5,918.30 4,880.40 1,037.90130.0000 10/19/07 01/30/08 5,419.37 5,287.11 132.26

EXPRESS SCRIPTS INC COM 95.0000 10/19/07 01/09/08 7,115.40 5,681.94 1,433.46105.0000 10/19/07 02/21/08 6,837.52 6,280.05 557.47300.0000 04/02/08 04/30/08 21,379.29 19,919.97 1,459.32

ENERGEN CRP COM PV 1CENT 37.0000 11/16/07 02/21/08 2,280.66 2,275.78 4.88

FMC CORP COM NEW 125.0000 10/19/07 02/21/08 6,971.42 6,588.75 382.6748.0000 04/02/08 04/10/08 2,893.26 2,769.94 123.32

FLUOR CORP NEW DEL COM 45.0000 04/02/08 05/16/08 8,624.65 6,690.90 1,933.75

FLOWSERVE CORP 70.0000 12/14/07 02/21/08 7,129.42 7,040.52 88.9043.0000 04/02/08 05/16/08 5,503.96 4,476.94 1,027.02

FMC TECHS INC COM 120.0000 07/19/07 02/21/08 6,501.52 5,563.20 938.32

FOSTER WHEELER LTD 120.0000 10/19/07 02/21/08 8,978.31 8,732.40 245.91

FIRST SOLAR INC 30.0000 11/16/07 01/09/08 6,525.50 5,920.81 604.6938.0000 11/16/07 02/21/08 8,018.29 7,499.70 518.5933.0000 04/02/08 04/07/08 9,553.67 8,114.70 1,438.97

HESS CORP 80.0000 10/19/07 01/09/08 7,369.62 5,450.98 1,918.6480.0000 10/19/07 02/21/08 7,390.31 5,450.99 1,939.32


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page18 of 30


Date Acquired Date Liquidated Amortization/AccretionSecurity Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Bas is Gain or (Loss)

HOLOGIC INC

HORMEL FOODS CORP

INVITROGEN COM

LUBRIZOL CORP

MILLENNIUM PHARMS INC

METTLER-TOLEDO INTL INC

MOSAIC CO

NATIONAL-OILWELL VARCO

NOBLE ENERGY INC

NOBLE CORPORATION

OWENS ILL INC COM NEW

PARTNERRE LTD

PEPSI BOTTLING GROUP INC

105.0000 11/06/07 01/09/08 7,139.54 6,581.48 558.06

160.0000 01/16/08 02/21/08 6,556.72 6,286.26 270.46

75.0000 10/19/07 01/09/08 7,118.14 6,253.49 864.65

71.0000 10/19/07 01/11/08 6,845.21 5,919.98 925.23

10.0000 02/11/08 02/21/08 572.10 563.90 8.20

490.0000 11/08/07 01/09/08 7,345.23 6,553.35 791.88

520.0000 11/08/07 02/21/08 6,999.17 6,954.59 44.58

1150.0000 04/02/08 04/10/08 28,119.41 18,215.77 9,903.64

45.0000 10/19/07 01/09/08 4,880.14 4,724.55 155.59

65.0000 10/19/07 01/09/08 5,554.16 4,132.05 1,422.11

39.0000 10/19/07 01/09/08 3,408.84 2,479.23 929.61

79.0000 10/19/07 02/21/08 8,847.90 5,022.04 3,825.86

73.0000 04/02/08 04/09/08 8,848.42 7,286.60 1,561.82

275.0000 04/02/08 05/05/08 18,266.66 17,094.00 1,172.66

100.0000 10/19/07 01/09/08 7,833.50 7,570.00 263.50

100.0000 10/19/07 02/21/08 7,750.91 7,570.00 180.91

10.0000 07/19/07 01/09/08 528.80 515.49 13.31

140.0000 10/19/07 01/09/08 6,068.59 5,934.60 133.99

39.0000 10/19/07 02/05/08 2,070.02 1,653.21 416.81

121.0000 10/19/07 02/21/08 6,486.73 5,129.19 1,357.54

90.0000 10/19/07 01/09/08 7,315.15 7,144.19 170.96

155.0000 10/19/07 01/09/08 6,414.14 6,356.55 57.59


EIN: 39-6786592

2008 FORM 990-PF


MCI'

Merrill Lvnch





Page19 of 30



SPX CORP COM 30.0000 10/19/07 02/08/08 3,084.86 2,792.99 291.8760.0000 10/19/07 02/21/08 6,860.32 5,586.01 1,274.31

TJX COS INC NEW 200.0000 10/19/07 02/21/08 6,243.93 5,757.47 486.46

TECHNE CORP 35.0000 02/06/08 02/21/08 2,388.37 2,286.14 102.2360.0000 02/07/08 02/21/08 4,094 35 3,980.81 113.54

TD AMERITRADE HLDG CORP 925.0000 04/02/08 05/02/08 17,462.04 16,622.16 839.88225.0000 04/18/08 05/02/08 4,247.53 4,042.22 205.31

UNUM GROUP 235.0000 10/19/07 02/21/08 5,585.88 5,565.82 20.06

URBAN OUTFITTERS INC 225.0000 01/28/08 02/21/08 6,57444 6,091.20 483.24

UST INC COM 125.0000 11/02/07 01/09/08 6,905.52 6,536.24 369.28135.0000 11/02/07 02/21/08 7,457.31 7,059.16 398.15

WSTN DIGITAL CORP DEL 230.0000 10/19/07 02/21/08 7,217.02 5,863.00 1,354.02Subtotal 497,181.43 438,810.30 58,371.13

SHORT TERM CAPITAL LOSSESARCH CAPITAL GRP LTD BM 85.0000 10/19/07 01/09/08 6,050.21 6,146.34 (96.13)

90.0000 10/19/07 02/21/08 6,280.13 6,507.89 (227.76)

AFFILIATED MANAGERS GRP 45.0000 10/19/07 01/09/08 4,542.23 5,877.45 (1,335.22)55.0000 10/19/07 01/15/08 5,363.18 7,183.55 (1,820.37)

APOLLO GROUP INC CL A 90.0000 10/19/07 02/21/08 5,678.03 5,963.40 (285.37)

APPLERA CP-APPL BIOSYS G 200.0000 11/30/07 01/09/08 6,709.89 6,821.83 (111.94)195.0000 11/30/07 01/24/08 5,846.95 6,651.30 (804.35)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch





Page20 of 30




AMPHENOL CORP CL A NEW 145.0000 10/19/07 01/09/08 5,779 61 6,309.38 (529.77)155.0000 10/19/07 02/21/08 5,826.38 6,744.52 (918.14)

AMETEK INC NEW 140.0000 10/19/07 01/09/08 5,940.46 6,428.40 (487.94)146.0000 10/19/07 02/21/08 6,241.43 6,703.92 (462.49)

ALTERA CORP COM 350.0000 02/11/08 02/21/08 6,019.97 6,215.65 (195.68)

ALLIANT TECHSYSTEMS INC 55.0000 10/19/07 01/09/08 5,755 66 5,984.00 (228.34)70.0000 10/19/07 02/21/08 7,387.71 7,616.00 (228.29)

AVNET INC 190.0000 12/14/07 01/09/08 5,819.61 6,655.09 (835.48)190.0000 12/14/07 02/21/08 6,522.62 6,655.09 (132.47)575.0000 04/02/08 04/04/08 19,112.20 19,423.50 (311.30)

BJS WHOLESALE CLUB INC 170.0000 11/28/07 01/09/08 4,571.23 6,091.54 (1,520.31)190.0000 11/28/07 02/21/08 6,081.22 6,808.20 (726.98)

BURGER KING HLDGS INC 235.0000 01/31/08 02/21/08 5,842.03 5,980.77 (138.74)

COGNIZANT TECH SOLUTNS A 175.0000 10/19/07 01/09/08 5,335.68 7,127.73 (1,792.05)175.0000 10/19/07 02/21/08 5,657.70 7,127.74 (1,470.04)550.0000 04/02/08 05/08/08 16,201.53 16,249.75 (48.22)

CELANESE CORP DEL SER A 185.0000 10/19/07 01/09/08 6,918.89 7,368.54 (449.65)

CAMERON INTL CORP 250.0000 10/19/07 02/05/08 10,015.18 12,452.71 (2,437.53)

CIENA CORP 145.0000 10/19/07 01/09/08 3,823.60 6,485.83 (2,662.23)155.0000 10/19/07 01/24/08 3,701.44 6,933.14 (3,231.70)70.0000 01/10/08 01/24/08 1,671.63 2,046.72 (375.09)

CIGNA CORP 120.0000 10/19/07 02/21/08 5,655.53 6,261.60 (606.07)


EIN: 39-6786592

2008 FORM 990-PF


mc^Merrill Lynch





Page21 of 30


Security Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Ba sis Gain or (Loss)

CUMMINS INC COM 90.0000 10/19/07 01/09/08 4,520.63 5,964.79 (1,444.16)

110.0000 10/19/07 02/01/08 5,180.27 7,290.30 (2,110.03)

CYPRESS SEMICNDTR PV1CTS 215.0000 10/19/07 01/09/08 6,366.46 7,071.35 (704.89)

260.0000 10/19/07 01/24/08 5,407.91 8,551.40 (3,143.49)

ENERGIZER HLDGS INC COM 65.0000 10/19/07 01/09/08 6,729 34 7,369.70 (640.36)

60.0000 10/19/07 02/21/08 5,875.73 6,802.80 (927.07)

175.0000 04/02/08 04/29/08 13,322.23 16,115.75 (2,793.52)

23.0000 04/10/08 04/29/08 1,75093 2,101.97 (351.04)

EXPEDIA INC DEL 190.0000 10/19/07 01/09/08 5,316.11 6,268.08 (951.97)

210.0000 10/19/07 02/21/08 5,117.64 6,927.88 (1,810.24)

ENERGEN CRP COM PV 1CENT 105.0000 11/02/07 01/09/08 6,775.54 6,810.31 (34.77)

70.0000 11/02/07 02/21/08 4,314.74 4,540.21 (225.47)

FMC CORP COM NEW 125.0000 10/19/07 01/09/08 6,442.63 6,588.75 (146.12)

FRONTIER OIL CORP 160.0000 10/19/07 01/09/08 5,728.66 6,636.79 (908.13)

165.0000 10/19/07 02/21/08 5,941.58 6,844.21 (902.63)

FACTSET RESH SYS INC 100.0000 10/19/07 01/09/08 5,184.92 6,979.00 (1,794.08)

100.0000 10/19/07 02/12/08 5,141.00 6,979.00 (1,838.00)

FLUOR CORP NEW DEL COM 45.0000 10/19/07 01/09/08 5,992.33 7,125.30 (1,132.97)

55.0000 10/19/07 02/21/08 7,064.12 8,708.70 (1,644.58)

FLOWSERVE CORP 65.0000 12/14/07 01/09/08 5,794.66 6,537.62 (742.96)

FEDERATED INVESTRS B 155.0000 01/11/08 02/21/08 6,438.62 6,691.86 (253.24)

450.0000 04/02/08 04/09/08 15,435.27 18,287.78 (2,852.51)

FOSTER WHEELER LTD 40.0000 10/19/07 01/09/08 5,499.11 5,821.60 (322.49)


EIN: 39-6786592

2008 FORM 990-PF


D6 S Merrill Lynch





Page22 of 30



FOREST LABS INC 155.0000 02/04/08 02/21/08 6,339.43 6,351.88 (12.45)

450.0000 04/02/08 04/17/08 16,219 34 18,054.00 (1,834.66)

GAMESTOP CORP NEW CL A 130.0000 10/19/07 01/09/08 6,980.89 7,551.26 (570.37)145.0000 10/19/07 02/21/08 6,684.42 8,422.58 (1,738.16)

GOODRICH CORPORATION 80.0000 07/19/07 02/21/08 4,795.15 4,986.40 (191.25)

HOSPIRA INC 110.0000 07/19/07 02/21/08 4,443.96 4,467.10 (23.14)

HARSCO CORPORATION 100.0000 10/19/07 01/09/08 5,679.91 5,981.38 (301.47)

125.0000 10/19/07 02/21/08 7,201.17 7,476.73 (275.56)

HASBROINC COM 200.0000 11/16/07 01/09/08 4,495.92 5,494.32 (998.40)25.0000 11/20/07 01/09/08 562.00 675.24 (113.24)

248.0000 11/20/07 01/10/08 5,738.16 6,698.44 (960.28)

HOLOGIC INC 115.0000 11/06/07 02/21/08 6,867.73 7,208.30 (340.57)

HUMANA INC 75.0000 01/10/08 02/13/08 5,253.29 6,386.53 (1,133.24)

INTUITIVE SURGICAL INC 20.0000 02/05/08 02/21/08 5,735.73 6,136.60 (400.87)

JANUS CAPITAL GROUP INC 175.0000 11/16/07 01/09/08 4,702.52 6,107.42 (1,404.90)195.0000 11/16/07 02/21/08 4,767.69 6,805.43 (2,037.74)700.0000 04/02/08 04/15/08 16,388.09 17,626.00 (1,237.91)

JUNIPER NETWORKS INC 205.0000 10/19/07 01/09/08 6,121.22 7,341.04 (1,219.82)220.0000 10/19/07 02/21/08 5,647.33 7,878.21 (2,230.88)675.0000 04/02/08 04/11/08 15,282.18 16,517.18 (1,235.00)

JDS UNIPHASE CORP 470.0000 02/12/08 02/21/08 5,870.23 6,214.62 (344.39)1350.0000 04/02/08 05/05/08 15,173.78 18,778.50 (3,604.72)


EIN: 39-6786592

2008 FORM 990-PF


PAC^66 Merrill Lynch





Page23 of 30




LUBRIZOL CORP 100.0000 10/19/07 01/09/08 5,108.92 6,687.54 (1,578.62)100.0000 10/19/07 02/21/08 5,720.93 6,687.54 (966.61)

MEMC ELECTR MAILS INC 75.0000 12/12/07 01/09/08 5,327.91 6,624.72 (1,296.81)78.0000 12/12/07 02/21/08 6,278.93 6,889.72 (610.79)

225.0000 04/02/08 04/25/08 15,770.93 17,091.00 (1,320.07)

METTLER-TOLEDO INTL INC 55.0000 10/19/07 02/04/08 5,451.46 5,774.45 (322.99)

MCAFEE INC 150.0000 07/19/07 02/21/08 4,987.44 5,404.50 (417.06)

MOLSON COOR BREW CO CL B 130.0000 10/19/07 01/09/08 6,567.49 7,092.79 (525.30)145.0000 10/19/07 01/14/08 7,191.88 7,911.21 (719.33)

MIRANT CORP NEW 135.0000 10/19/07 01/09/08 4,697.92 5,732.09 (1,034.17)140.0000 10/19/07 02/21/08 5,098.74 5,944.41 (845.67)

MF GLOBAL LTD 225.0000 12/19/07 01/09/08 6,549.64 6,718.93 (169.29)225.0000 12/19/07 02/21/08 6,473.67 6,718.93 (245.26)

MANITOWOC CO INC WIS 145.0000 10/19/07 01/09/08 5,762.21 6,387.24 (625.03)155.0000 10/19/07 02/21/08 6,294.48 6,827.76 (533.28)

NASDAQ STOCK MARKET INC 150.0000 10/26/07 01/09/08 6,502.42 6,675.00 (172.58)160.0000 10/26/07 02/21/08 6,413.92 7,120.00 (706.08)

NATIONAL-OILWELL VARCO 100.0000 10/19/07 01/09/08 7,119.27 7,264.37 (145.10)100.0000 10/19/07 02/21/08 6,373.92 7,264.37 (890.45)

NCR CORP NEW 220.0000 10/19/07 01/09/08 4,49893 5,759.60 (1,260.67)30.0000 10/19/07 01/10/08 686.09 785.40 (99.31)

227.0000 11/02/07 01/10/08 5,191.49 6,462.51 (1,271.02)

NVIDIA 210.0000 10/19/07 01/09/08 5,978.75 8,003.07 (2,024.32)190.0000 10/19/07 02/21/08 4,037.47 7,240.89 (3,203.42)


EIN: 39-6786592

2008 FORM 990-PF


Wmc^

S Merrill Lynch


Page24 of 30






NOBLE CORPORATION

NEUSTAR INC CL A

NORTHN TRUST CORP

PHILA CONS HLDGS CORP

PARTNERRE LTD

PEPSI BOTTLING GROUP INC

PRECISION CASTPARTS

QUANTA SERVICES INC

ROCKWELL COLLINS INC

SPX CORP COM

ST MARY LD & EXPL CO

TJX COS INC NEW

TEXTRON INC

130.0000

190.0000200.0000

85.0000

145.0000155.0000

85.0000250.0000

170.0000

45.000055.0000

210.0000215.0000

85.000090.0000

85.0000

175.0000175.0000

175.0000

115.0000110.0000

07/19/07 02/21/08 6,220.43 6,701.51 (481.08)

11/15/07 01/09/08 5,598.75 6,408.09 (809.34)11/15/07 02/08/08 4,667.12 6,745.36 (2,078.24)

01/14/08 02/21/08 6,080.83 6,307.47 (226.64)

10/19/07 01/09/08 5,109.73 6,283.98 (1,174.25)10/19/07 02/21/08 5,434.26 6,717.36 (1,283.10)

10/19/07 02/21/08 6,616.32 6,747.31 (130.99)04/02/08 04/29/08 18,323.14 19,355.00 (1,031.86)

10/19/07 02/12/08 5,929.02 6,971.70 (1,042.68)

10/19/07 01/09/08 5,209.12 6,570.94 (1,361.82)

10/19/07 02/21/08 6,342.53 8,031.15 (1,688.62)

10/19/07 01/09/08 4,777.42 6,537.30 (1,759.88)10/19/07 02/21/08 5,277.16 6,692.95 (1,415.79)

10/19/07 01/09/08 5,683.86 6,373.30 (689.44)10/19/07 02/21/08 5,209.14 6,748.20 (1,539.06)

10/19/07 01/09/08 7,846.25 7,913.50 (67.25)

10/19/07 01/09/08 6,552.19 7,241.50 (689.31)10/19/07 02/21/08 6,179.18 7,241.50 (1,062.32)

10/19/07 01/09/08 4,539.43 5,037.77 (498.34)

10/19/07 01/09/08 7,010.73 7,635.99 (625.26)

10/19/07 02/21/08 6,080.73 7,304.01 (1,223.28)

01/14/08 02/21/08 5,934.98 6,505.52 (570.54)TD AMERITRADE HLDG CORP 330.0000


EIN: 39-6786592

2008 FORM 990-PF


FACIIMerrill Lynch





Page25 of 30



THOMAS&BETTS CP TENN NPV

TIFFANY & CO NEW

TOTAL SYS SVCS INC

UNUM GROUP

WSTN DIGITAL CORP DEL

XEROX CORP

YUM BRANDS INC



130.0000 10/19/07 01/09/08145.0000 10/19/07 02/12/08

125.0000 10/19/07 01/09/08125.0000 10/19/07 01/14/08

215.0000 10/19/07 01/09/08235.0000 10/19/07 02/21/08675.0000 04/02/08 04/29/08

290.0000 10/19/07 01/09/0870.0000 11/01/07 02/21/08

230.0000 10/19/07 01/09/08

400.0000 07/19/07 02/21/08

195.0000 10/19/07 01/09/08180.0000 10/19/07 02/21/08

Subtotal

5,964.30 7,572.49 (1,608.19)5,741 93 8,446.26 (2,704 33)

4,931.17 6,951.25 (2,020.08)4,282.33 6,951.25 (2,668.92)

4,910.52 6,045.80 (1,135.28)5,167.59 6,608.20 (1,440.61)

16,184.85 17,293.50 (1,108.65)

6,292.90 6,868.44 (575.54)1,663.89 1,773.77 (109.88)

5,545.92 5,863.00 (317.08)

5,899.94 7,932.00 (2,032.06)

7,310.43 7,341.79 (31.36)6,182.93 6,777.04 (594.11)

861,428.33 994,560.13 (133,131.80)

(74,760.67)

FMC TECHS INC COM 140.0000 06/14/06 01/09/08 8,481.07 4,018.70 4,462.37

GOODRICH CORPORATION 59.0000 06/14/06 01/09/08 3,632.18 2,357.65 1,274.5341.0000 06/16/06 01/09/08 2,524.07 1,707.51 816.5630.0000 06/16/06 02/21/08 1,798.17 1,249.40 548.77

HOSPIRA INC 160.0000 09/05/06 01/09/08 6,718.29 5,835.30 882.9945.0000 09/05/06 02/21/08 1,817.97 1,641.19 176.78


EIN: 39-6786592

2008 FORM 990-PF


mc^Merrill Lynch





Page26 of 30



MCAFEE INC

NOBLE CORPORATION

XEROX CORP


135.0000 06/16/06 01/09/0840.0000 07/31/06 01/09/0850.0000 07/31/06 02/21/08

110.0000 10/12/06 01/09/08

395.0000 06/14/06 01/09/0815.0000 06/14/06 02/21/08

Subtotal

4,264.541,263.571,662.48

5,816.70

5,889.35221.24

44,089.63

3,075.22858.96

1,073.72

3,465.21

5,257.45199.66

30,739.97

1,189.32404.61588.76

2,351.49

631 9021.58

13,349.66

13,349.66

TOTAL CAPITAL GAINS AND LOSSES 1,402 ,699.39 1 , 464,110 .40 (61,411.01)TOTAL REPORTABLE GROSS PROCEEDS 1,402 ,699.39DIFFERENCE 0.00'

Note- Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g , liquidation offractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).



TOTAL 58,371.13 (133,131.80) 13,349.66 0.00


2008 FORM 990-PF


Merrill Lvnch

RAY & KAY ECKSTEIN




Page8 of 18

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral , or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassif principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provides by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("DID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketin event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ong final cost and the amount allocable to the d9ebt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received. In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience. Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor. For select clients , we have also included a summary of Visa charges and checking activity.





SHORT TERM CAPITAL GAINSISHARES LEHMAN 20+ YR 252.0000 05/19/08 10/10/08 24,239.74 23,085.46 1,154.28

99.0000 05/19/08 10/13/08 9,388.11 9,069.29 318.82139.0000 05/19/08 10/16/08 13,181.57 12,733.66 447.91

120.0000 07/10/08 10/16/08 11,379.78 11,214.58 165.20

ISHARES FTSE XINHUA HK 885.0000 10/10/08 10/16/08 24,108.15 22,470.15 1,638.00

CURRENCY SHARES EURO TR 290 0000 05/19/08 06/05/08 45,161.44 45,018.73 142.71

ISHARES LEHMAN SHORT 260.0000 05/19/08 10/10/08 28,682.20 28,631.20 51.00

2255.0000 08/27/08 10/10/08 248,762.99 248,413.51 349.48216.0000 09/30/08 10/10/08 23,867 86 23,842.09 25.77

CURRENCYSHARES JAPANESE 262.0000 06/27/08 10/10/08 26,184.65 24,604.42 1,580.2397.0000 06/27/08 10/13/08 9,514.67 9,109.27 405.4095.0000 06/27/08 10/16/08 9,427.55 8,921.45 506.10

156.0000 07/10/08 10/16/08 15,481.05 14,540.29 940.76

VANGUARD FTSE ALL WORLD 769.0000 10/09/08 10/13/08 27,749.21 26,542.95 1,206.26Subtotal 517,128.97 508,197.05 8,931.92


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page9of18




SHORT TERM CAPITAL LOSSESVANGUARD TOTAL STK MKT 1259.0000 05/19/08 10/10/08 53,356.25 90,111.22 (36,754.97)

1578.0000 05/19/08 10/13/08 77,187.90 112,943.22 (35,755.32)2203.0000 05/19/08 10/16/08 97,378.00 157,676.76 (60,298.76)256.0000 06/27/08 10/16/08 11,315.82 16,457.73 (5,141.91)

2024.0000 07/10/08 10/16/08 89,465.77 125,382.35 (35,916.58)

ISHARES MSCI EAFE INDEX 765.0000 05/19/08 10/10/08 35,177.40 60,029.55 (24,852.15)382.0000 07/10/08 10/10/08 17,565.72 25,295.66 (7,729.94)

(SHARES LEHMAN 1-3 YR 565.0000 10/10/08 10/13/08 47,261.98 47,482.88 (220.90)1875.0000 10/10/08 10/16/08 157,517.86 157,575.94 (58.08)

ISHARES MSCI EMERGING 3082.0000 05/19/08 08/15/08 124,609.80 160,318.65 (35,708.85)95.0000 05/19/08 10/10/08 2,468.40 4,941.69 (2,473.29)

333.0000 06/27/08 10/10/08 8,652.42 14,909.23 (6,256.81)1401.0000 07/10/08 10/10/08 36,402.55 60,036.31 (23,633.76)

ISHARES TRUST LEHMAN 266.0000 06/27/08 10/13/08 24,957.58 28,701.61 (3,744.03)395.0000 06/27/08 10/16/08 38,020.98 42,620.82 (4,599.84)214.0000 07/10/08 10/16/08 20,598.72 23,236.12 (2,637.40)

VANGUARD REIT ETF 210.0000 05/19/08 10/10/08 8,771.65 14,312.84 (5,541.19)

280.0000 05/19/08 10/13/08 13,466.24 19,083.79 (5,617.55)171.0000 05/19/08 10/16/08 6,902.54 11,654.75 (4,752.21)360.0000 07/10/08 10/16/08 14,531.68 20,070.79 (5,539.11)

ISHARES FTSE XINHUA HK 700.0000 06/27/08 10/13/08 22,170.27 30,410.31 (8,240.04)287.0000 06/27/08 10/16/08 7,818.12 12,468.23 (4,650.11)339.0000 07/10/08 10/16/08 9,234.64 14,795.88 (5,561.24)


EIN: 39-6786592

2008 FORM 990-PF


MR

Merrill Lynch

RAY & KAY ECKSTEIN




Page10 of 18



SPDR SER TR LEHMAN INTL 1919.0000 05/19/08 06/27/08 106,043.34 107,190.34 (1,147.00)

321.0000 05/19/08 10/10/08 14,615.04 17,930.22 (3,315.18)185.0000 05/19/08 10/13/08 8,923.24 10,333.62 (1,410.38)262.0000 05/19/08 10/16/08 13,116.69 14,634.65 (1,517.96)255.0000 07/10/08 10/16/08 12,766.25 14,211.66 (1,445.41)

ISHARES LEHMAN SHORT 2010.0000 05/19/08 06/27/08 221,245.49 221,341.20 (95.71)963.0000 09/30/08 10/10/08 106,234.49 106,295.93 (61.44)

VANGUARD FTSE ALL WORLD 836.0000 10/09/08 10/10/08 25,151.91 28,855.54 (3,703.63)2036.0000 10/09/08 10/16/08 64,409.71 70,274.99 (5,865.28)

SPDR DJ WILSHIRE INTL 361.0000 05/19/08 10/13/08 11,130.14 20,160.87 (9,030.73)445.0000 05/19/08 10/16/08 13,037.98 24,852.05 (11,814.07)446.0000 07/10/08 10/16/08 13,067.28 20,333.14 (7,265.86)

SPDR S P INTL SMALL CAP 616.0000 05/19/08 10/13/08 12,265.72 20,993.21 (8,727.49)705.0000 05/19/08 10/16/08 12,908.47 24,026.34 (11,117.87)

640.0000 07/10/08 10/16/08 11,718.34 18,758.40 (7,040.06)

BARCLAYS GEMS INDEX ETN 227.0000 07/10/08 09/25/08 10,727.50 11,633.75 (906.25)

WISDOMTREE TR CHINESE 1437.0000 06/27/08 10/10/08 35,368.25 36,787.20 (1,418.95)604.0000 06/27/08 10/13/08 15,176.32 15,462.40 (286.08)738.0000 06/27/08 10/16/08 18,482.95 18,892.80 (409.85)932.0000 07/10/08 10/16/08 23,341.63 23,886.13 (544.50)

BARCLAYS ASIAN GULF 228.0000 06/27/08 10/10/08 11,322.41 11,552.76 (230.35)193.0000 07/10/08 10/10/08 9,584.33 9,790.88 (206.55)201.0000 06/27/08 10/13/08 10,034.87 10,184.67 (149.80)501.0000 07/10/08 10/16/08 24,906.12 25,415.74 (509.62)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page11 of 18




SPDR GOLD TRUST 672.0000 05/19/08 08/21/08 55,083.19 59,840 93 (4,757.74)279 0000 06/27/08 08/21/08 22,869 36 25,469.74 (2,600.38)337.0000 06/27/08 10/10/08 27,900.06 30,764.53 (2,864.47)57.0000 07/10/08 10/10/08 4,719.01 5,314.54 (595.53)

117.0000 06/27/08 10/13/08 9,634.89 10,680.86 (1,045.97)397.0000 07/10/08 10/16/08 31,311.21 37,015.38 (5,704.17)

PIMC DEV LOC MRK A 10948.5830 05/19/08 09/26/08 109,811.54 119,996.46 (10,184.92)10.0000 05/30/08 09/26/08 100.29 110.40 (1011)1.0000 06/02/08 09/26/08 10.02 11.01 (0.99)

29.0000 06/30/08 09/26/08 290.86 317.55 (26.69)1.0000 07/01/08 09/26/08 10.03 10.94 (0.91)

31.0000 07/31/08 09/26/08 310.93 345.65 (34.72)1.0000 08/01/08 09/26/08 10.03 11.17 (1.14)

42.0000 08/29/08 09/26/08 421.28 448.14 (26.86)11063.0000 10/03/08 10/03/08 110,855.43 110,964.98 _ (109.55)

Subtotal 2,103,748.89 2,535,617.10 (431,868.21)


OTHER TRANSACTIONS

(422,936.29)

ISHARES S&P GSCI COMMDTY 577.0000 05/19/08 08/15/08 33,663.55 38,935.96 N/C181.0000 05/19/08 10/10/08 7,447.45 12,213.88 N/C34.0000 06/27/08 10/10/08 1,398.98 2,544.21 N/C

349.0000 05/19/08 10/13/08 15,334.62 23,550.52 N/C382.0000 06/27/08 10/16/08 14,848.90 28,585.03 N/C

580.0000 07/10/08 10/16/08 22,545.47 43,012.63 N/CSubtotal 95,238 .97 148,842.23

TOTAL CAPITAL GAINS AND LOSSES



EIN: 39-6786592

2008 FORM 990-PF


2,716,116.83 3,192,656.38 (422,936.29)2,716,116.83

0.000

FACIFMerrill Lynch

RAY & KAY ECKSTEIN





Page12 of 18


Note Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of

fractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).N/C - Results may not be calculated for transactions which involve the amortization of premium, the repayment of principal, the sale of partnership interest, derivative

products purchased in the secondary market, or the determination of ordinary income and/or capital items for discount and zero coupon issues.



TOTAL 8,931.92 (431,868.21) 0.00 0.00


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch

RAY & KAY ECKSTEIN




Page10 of 25

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital , sales load deferral , or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your fax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID . For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract . In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.





SHORT TERM CAPITAL GAINSAIRCASTLE LTD 135.0000 07 /17/08 07 /18/08 1 ,315.03 1, 306.80 8.23

US BANCORP (NEW)

WELLS FARGO & CO NEW DEL


77.0000 07/16/08 10/10/08

3375.0000 07/16/08 10/10/081035.0000 07/16/08 10/13/08

Subtotal

2,176.22 1,794. 94 381.28

89,608.78 81,758.03 7,850.7529,318.38 25,072.46 4,245.92

122,418 .41 109 ,932.23 12 ,486.18

ANNALY CAP MGMT INC 966.0000 11/08/07 10/10/08 10,564.01 16,917.86 (6,353.85)4954.0000 11/09/07 10/10/08 54,176.15 86,462.16 (32,286.01)1820.0000 11/08/07 10/13/08 23,247.81 31,874.21 (8,626.40)

ARES CAPITAL CORP 2100.0000 12/18/07 10/10/08 12,607.07 29,810.34 (17,203.27)381.0000 07/22/08 10/10/08 2,287.29 4,044.69 (1,757.40)

AT& T INC 610.0000 08/29/08 10/10/08 13,896.27 19,868.25 (5,971.98)2035.0000 09/03/08 10/10/08 46,358 87 65,648.90 (19,290.03)815.0000 08/29/08 10/13/08 20,383.44 26,545.28 (6,161 84)


EIN: 39-6786592

2008 FORM 990-PF


MR

Merrill Lynch

RAY & KAY ECKSTEIN




Page11 of 25




AIRCASTLE LTD 1330.0000 12/18/07 07/14/08 12,405.51 34,263.59 (21,858.08)

AMERICAN CAP LTD 139.0000 07/08/08 07/15/08 2,394.78 3,280.53 (885.75)

BANCO SANTANDER SA ADR 2955.0000 03/07/08 10/10/08 35,190.60 51,398.69 (16,208.09)905.0000 03/07/08 10/13/08 12,558.42 15,741.38 (3,182.96)

BANK OF IRELAND SPNS ADR 1895.0000 03/24/08 08/28/08 62,518.34 118,687.45 (56,169.11)

BAYTEX ENERGY TR 421.0000 08/27/08 10/10/08 5,815.45 12,443.16 (6,627.71)2399.0000 08/28/08 10/10/08 33,138.40 72,146.33 (39,007.93)865.0000 08/27/08 10/13/08 13,985.67 25,566.11 (11,580.44)

BANK OF AMERICA CORP 1740.0000 07/27/07 07/15/08 33,051.12 83,514.26 (50,463.14)85.0000 06/30/08 07/15/08 1,614.57 2,107.83 (493.26)

CBL & ASSOC PPTYS INC 3940.0000 07/10/08 10/10/08 40,858.36 82,560.34 (41,701.98)1210.0000 07/10/08 10/13/08 13,976.15 25,354.82 (11,378.67)

DIANA SHIPPING INC 1459.0000 12/18/07 08/28/08 41,770.49 42,310.85 (540.36)1116.0000 12/18/07 08/29/08 31,973.67 32,363.89 (390.22)12510000 12/18/07 09/02/08 34,200.76 36,278.88 (2,078.12)869.0000 12/18/07 09/03/08 22,668.95 25,200.92 (2,53197)

DIAMONDROCK HOSPITALITY 1455.0000 12/18/07 10/14/08 6,558.82 21,894.69 (15,335.87)

DEVELOPERS DVSFD RLTY CP 2690.0000 12/18/07 10/10/08 40,093.95 103,017.60 (62,923.65)

825.0000 12/18/07 10/13/08 15,421.31 31,594.61 (16,173.30)

ENTERTAINMENT PPTYS TR 710.0000 12/18/07 10/10/08 26,577.07 32,976.80 (6,399.73)51.0000 07/16/08 10/10/08 1,909.06 2,467.89 (558.83)

FELCOR LODGING TRUST TEX 8400.0000 12/18/07 08/28/08 66,255.46 135,660.01 (69,404.55)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch

RAY & KAY ECKSTEIN




Page12 of 25




COHEN AND STEERS QUALITY 3335.0000 12/18/07 10/10/08 14,963.06 53,090.20 (38,127.14)88.0000 07/11/08 10/10/08 394.83 1,279.52 (884.69)

COHEN AND STRS A I RY FD 3355.0000 12/18/07 10/10/08 13,663.49 54,842.84 (41,179.35)94.0000 07/11/08 10/10/08 382.83 1,319.76 (936.93)

COHEN & STEERS SELECT 1955.0000 08/29/08 10/10/08 15,303.85 43,029.36 (27,725.51)1915.0000 09/02/08 10/10/08 14,990.73 41,999.40 (27,008.67)1187.0000 08/29/08 10/13/08 12,589.12 26,125.75 (13,536.63)

TORTOISE ENERGY 3245.0000 12/18/07 10/10/08 29,772.71 105,362.89 (75,590.18)1000.0000 12/18/07 10/13/08 14,742.21 32,469.30 (17,727.09)

APOLLO INVESTMENT CORP 2880.0000 12/18/07 10/10/08 26,364.81 46,315.58 (19,950.77)295.0000 07/07/08 10/10/08 2,700.57 4,473.38 (1,772.81)

COHEN & STEERS WORLDWIDE 6305.0000 12/18/07 10/10/08 24,567.92 104,312.46 (79,744.54)1940.0000 12/18/07 10/13/08 11,197.42 32,096.13 (20,898.71)

GENERAL ELECTRIC 2920.0000 08/28/08 10/10/08 55,802.92 84,107.69 (28,304.77)900.0000 08/28/08 10/13/08 18,469.24 25,923.59 (7,454.35)

GENERAL GRWTH PPTYS INC 4145.0000 03/07/08 10/08/08 18,729.07 136,712.46 (117,983.39)

HOST HOTELS & RESORTS 6055.0000 12/18/07 10/10/08 51,542.29 104,212.62 (52,670.33)1865.0000 12/18/07 10/13/08 18,146.34 32,098.51 (13,952.17)

INTEGRYS ENERGY GROUP 2080.0000 12/18/07 10/10/08 78,900.81 104,860.72 (25,959.91)635.0000 12/18/07 10/13/08 27,814.11 32,012.76 (4,198.65)

KAYNE ANDERSON MLP 3805.0000 12/18/07 10/10/08 54,761.25 104,968.93 (50,207.68)1170.0000 12/18/07 10/13/08 24,483.51 32,276.90 (7,793.39)


EIN: 39-6786592

2008 FORM 990-PF


MCI'

6ZMerrill Lynch

RAY & KAY ECKSTEIN




Page13 of 25



LASALLE HOTEL PPTYS BN I

MACERICH CO

MACQUARIE INFRASTRUCTURE

ROYAL DUTCH SHELL PLC

SIMON PROPERTY GROUP DEL

SOUTHERN COPPER CORP

SUNTRUST BKS INC COM

VORNADO REALTY TRUST COM

VENTAS INC

TEEKAY OFFSHORE PARTNERS

WESTPAC BANKING ADR

SUNCORP-METWAY LIMITED

1375.0000 12/18/07 10/10/0825.0000 06/16/08 10/10/0834.0000 07/16/08 10/10/08

1000.0000 07/10/08 10/10/08305.0000 07/10/08 10/13/08

74.0000 06/11/08 10/10/08

880.0000 03/26/08 10/10/08270.0000 03/26/08 10/13/08

1170.0000 12/18/07 10/10/08355.0000 12/18/07 10/13/08

3105.0000 10/15/07 10/08/08975.0000 12/18/07 10/08/08

1660.0000 12/18/07 10/10/08510.0000 12/18/07 10/13/08

960.0000 10/10/08 10/13/08

40.0000 06/30/08 10/10/08

4215.0000 12/18/07 10/10/081295.0000 12/18/07 10/13/08

40.0000 07/14/08 10/10/08

8845.0000 12/18/07 08/29/08Subtotal



EIN: 39-6786592

2008 FORM 990-PF


17,892.23 45,158.99 (27,266.76)325.31 726.75 (401.44)442.43 697.00 (254.57)

38,104.78 56,626.90 (18,522.12)12,340.81 17,271.20 (4,930.39)

740.74 2,419.80 (1,679.06)

38,926.14 60,092.56 (21,166.42)13,371.72 18,437.49 (5,065.77)

79,435.41 103,000.03 (23,564.62)26,777.50 31,252.14 (4,474.64)

39,105.07 141,464.33 (102,359.26)12,279.38 32,481.38 (20,202.00)

55,426.25 103,828.19 (48,401.94)17,788.75 31,899.02 (14,110.27)

71,446.15 72,926.02 (1,479.87)

1,317.91 1,679.20 (361.29)

28,739.39 105,082.07 (76,342.68)11,331.18 32,285.00 (20,953.82)

2,431.75 3,754.00 (1,322.25)

86,637.66 134,001.75 (47,364.09)1,823,601.47 3,470,976 .89 (1,647 , 375.42)

(1,634,889.24)

mc^Merrill Lynch

RAY & KAY ECKSTEIN





Page14 of 25


LONG TERM CAPITAL GAINSENTERTAINMENT PPTYS TR 191 .0000 05/31/06 10/ 13/08 8 , 501.09 7,783.26 717.83

74.0000 06/08/06 10/ 13/08 3,293.61 3,040.66 252.95

VENTAS INC 770 .0000 08/23/07 10/13/08 29 , 999.11 28,614.89 _ 1,384.22Subtotal 41,793.81 39,438.81 2,355.00

LONG TERM CAPITAL LOSSESARES CAPITAL CORP 5169 .0000 05/04/07 10/10/08 31 , 031.39 93 , 395.05 (62,363.66)

303.0000 03/01/07 10/13/08 2 , 147.74 6,057.10 (3,909.36)2051.0000 05/04/07 10/13/08 14,538.02 37,058.08 (22,520.06)

AIRCASTLE LTD 431.0000 02/22/07 07/14/08 4,020.12 15 , 151.90 (11 , 131.78)

3440 .0000 05/04/07 07 /14/08 32,086.42 118,682.75 (86,596.33)

AMERICAN CAP LTD 206.0000 06/02/06 07/15/08 3,549.09 7,086.40 ( 3,537.31)

225.0000 06/08/06 07 /15/08 3 , 876.43 7,568.98 (3,692.55)101.0000 12/26/06 07 /15/08 1,740.08 4,582.37 (2,842.29)

2655.0000 05/04/07 07 /15/08 45 , 741.95 121,613.60 (75,871.65)

AUST NW Z B G ADR 320 .0000 05/31/06 08/27/08 4 , 369.54 6 , 457.60 (2,088.06)

300.0000 06/08/06 08/27/08 4,096.44 5,647.80 (1,551.36)500.0000 12/26/06 08/27/08 6 , 827.41 11,189.00 (4,361.59)

4625 .0000 05 /04/07 08 /27/08 63,153.57 117,069.48 (53,915.91)

BANK OF AMERICA CORP 1554.0000 05 /04/07 07/15/08 29,518.06 79,808.32 (50,290.26)

DIAMONDROCK HOSPITALITY 1637 .0000 05/04/07 10/08/08 8 , 852 52 30,882.33 (22,029.81)1591.0000 05/04/07 10/13/08 7,476.06 30 , 014.53 (22,538.47)1131.0000 05/04/07 10/13/08 5,223.27 21,336.54 (16,113.27)

3276.0000 05/04/07 10/14/08 14 , 767.46 61,802.41 (47,034.95)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page15of25




ENTERTAINMENT PPTYS TR 1494.0000 05/04/07 10/10/08 55,924.13 91,468.81 (35,544.68)426.0000 05/04/07 10/13/08 18,960.56 26,081.46 (7,120.90)

COHEN AND STEERS QUALITY 3167.0000 05/04/07 10/10/08 14,209.29 75,807.21 (61,597.92)205.0000 12/26/06 10/13/08 1,498.99 4,848.25 (3,349.26)1823.0000 05/04/07 10/13/08 13,330.06 43,636.42 (30,306.36)

COHEN AND SIRS A I RY FD 2956.0000 05/04/07 10/10/08 12,038.53 74,067.61 (62,029.08)9.0000 12/26/06 10/13/08 58.86 240.21 (181.35)

1959.0000 05/04/07 10/13/08 12,813.16 49,086.07 (36,272.91)

APOLLO INVESTMENT CORP 3615.0000 05/04/07 10/10/08 33,093.33 81,040.35 (47,947.02)

242.0000 12/26/06 10/13/08 2,900.78 5,345.78 (2,445.00)1850.0000 05/04/07 10/13/08 22,175.46 41,472.93 (19,297.47)

LASALLE HOTEL PPTYS BN I 1761.0000 05/04/07 10/10/08 22,915.05 82,304.75 (59,389.70)984.0000 05/04/07 10/13/08 14,592.63 45,989.70 (31,397.07)


625.0000 07/12/07 10/10/08 6,256.21 25,915.50 (19,659.29)

725.0000 02/09/07 10/13/08 8,454.76 27,855.09 (19,400.33)29.0000 04/10/07 10/13/08 338.19 1,202.00 (863.81)

149.0000 05/04/07 10/13/08 1,737.60 6,548.29 (4,810.69)

US BANCORP (NEW) 3213.0000 05/04/07 10/10/08 90,807.53 110,752.11 (19,944.58)88.0000 05/31/06 10/13/08 2,700.00 2,718.33 (18.33)110.0000 06/08/06 10/13/08 3,375.00 3,456.20 (81.20)

259.0000 12/26/06 10/13/08 7,946.59 9,507.89 (1,561.30)552.0000 05/04/07 10/13/08 16,936.37 19,027.44 (2,091.07)

VENTAS INC 2460.0000 08/23/07 10/10/08 81,051 37 91,419.02 (10,367.65)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN



Page16 of 25



WESTPAC BANKING ADR 840.0000 05/04/07 10/10/08 51,066.58 94,327.89 (43,261.31)82.0000 12/26/06 10/13/08 6,232.78 7,808.05 (1,575.27)

185.0000 05/04/07 10/13/08 14,061.77 20,774.59 (6,712.82)Subtotal 821,023 . 53 1,917,033.82 (1,096,010.29)

NET LONG TERM CAPITAL GAIN (LOSS) (1,093,655.29)

OTHER TRANSACTIONSAUST NW Z B G ADR 3.0000 07/24/08 08/27/08 40.97 N/A N/A

Subtotal 40.97 0.00


2,808,878.19 5,537,381.75 (2,728,544.53)2,808,878.19

0.000

Note. Capital gains and losses in this statement are not reported to the IRS.Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of

fractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).N/A - Results which cannot be calculated because of insufficient data in the Capital Gain or (Loss) Column and are not included in the realized capital gain and loss

summary.


SHORT TERM GAINS

TOTAL 12,486.18


2008 FORM 990-PF



SHORT TERM LOSSES

(1,647,375.42)

LONG TERM GAINS LONG TERM LOSSES

2,355.00 (1,096,010.29)

MCI,Merrill Lvnch

RAY & KAY ECKSTEIN




Page10 of 24


The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains . The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available. The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract. In malting adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience. Additionally we have included items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these items with your tax advisor . For select clients , we have also included a summary of Visa charges and checking activity.





SHORT TERM CAPITAL GAINSALCON INC 251.0000 07/10/08 08/22/08 42,916.36 41,344.34 1,572.02

AVON PROD INC 1161.0000 03/25/08 08/22/08 50,039.97 46,436.98 3,602.99

BP PLC SPON ADR 1688.0000 03/25/08 07/10/08 108,411.36 104,250.88 4,160.48

BAXTER INTERNTL INC 2.0000 03/11/08 08/22/08 140.84 113.75 27.09

317.0000 03/25/08 08/22/08 22,324.16 18,405.02 3,919.14224.0000 03/25/08 10/13/08 13,307.98 13,005.43 302.55

DISNEY (WALT) CO COM STK 700.0000 03/25/08 08/22/08 22,604.27 22,470.00 134.27

GENERAL MILLS 656.0000 03/25/08 08/22/08 44,365.03 38,736.27 5,628.76461.0000 03/25/08 10/13/08 28,964.46 27,221.68 1,742.78780.0000 03/25/08 10/16/08 48,749.79 46,058.38 2,691.41

112.0000 06/06/08 10/16/08 6,999.97 6,910.52 89.45

HALLIBURTON COMPANY 667.0000 03/26/08 08/22/08 30,351.00 25,752.53 4,598.47

MCKESSON CORPORATION COM 752.0000 03/25/08 08/22/08 43,766.15 39,250.18 4,515.97


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch

RAY & KAY ECKSTEIN




Page11 of 24



MCDONALDS CORP COM 523.0000 03/25/08 08/22/08 33,127.68 29,241.08 3,886.60367.0000 03/25/08 10/13/08 20,951.25 20,519.08 432.17

PROCTER & GAMBLE CO 646.0000 03/25/08 08/22/08 46,040.16 44,926.71 1,113.45

SAP AKGSLTT SPONSORD ADR 600.0000 03/25/08 08/22/08 33,517.97 30,773.10 2,744.87

SCHLUMBERGER LTD 434.0000 03/25/08 08/22/08 42,542.78 35,887.98 6,654.80

WASTE MANAGEMENT INC NEW 1122.0000 04/16/08 08/22/08 39,431.23 38,719.77 711.46

WYETH 644.0000 03/25/08 08/22/08 27,234.92 26,873.08 361.84Subtotal 705 , 787.33 656,896.76 48,890.57

SHORT TERM CAPITAL LOSSESALCON INC 172.0000 07/10/08 10/10/08 21,329.60 28,331.58 (7,001.98)

176.0000 07/10/08 10/13/08 25,778.59 28,990.45 (3,211.86)

435.0000 07/10/08 10/16/08 57,268.25 71,652.56 (14,384.31)

AMER INTL GROUP INC 1642 0000 03/25/08 08/22/08 32,217.33 76,156.61 (43,939.28)1365.0000 03/25/08 09/12/08 18,910.60 63,309.25 (44,398.65)836.0000 06/06/08 09/12/08 11,581.87 28,288.57 (16,706.70)

2944.0000 07/10/08 09/12/08 40,785.96 74,461.71 (33,675.75)

AVON PROD INC 797.0000 03/25/08 10/10/08 22,430.40 31,877.93 (9,447.53)814.0000 03/25/08 10/13/08 26,454 85 32,557.88 (6,103.03)698.0000 03/25/08 10/16/08 19,783.16 27,918.19 (8,135.03)404.0000 06/06/08 10/16/08 11,450.42 15,057.08 (3,606.66)922.0000 07/10/08 10/16/08 26,131.92 32,748.52 (6,616.60)


2008 FORM 990-PF


FACIIMerrill Lynch

RAY & KAY ECKSTEIN




Page12 of 24




BANK NEW YORK MELLON 1171.0000 03/25/08 08/22/08 39,626.76 52,261.61 (12,634.85)

804.0000 03/25/08 10/10/08 19,309.96 35,882.44 (16,572.48)

821.0000 03/25/08 10/13/08 23,623.89 36,641.14 (13,017.25)

326.0000 03/25/08 10/16/08 9,121.42 14,549.36 (5,427.94)

358.0000 06/06/08 10/16/08 10,016.78 14,706.50 (4,689.72)

1358.0000 07/10/08 10/16/08 37,996.64 49,008.18 (11,011.54)

BAXTER INTERNTL INC 219.0000 03/25/08 10/10/08 12,028.83 12,715.14 (686.31)

434.0000 03/25/08 10/16/08 24,199.47 25,198.05 (998.58)

53.0000 06/06/08 10/16/08 2,955.24 3,233.53 (278.29)

67.0000 07/10/08 10/16/08 3,735.87 4,330.21 (594.34)

DISNEY (WALT) CO COM STK 481.0000 03/25/08 10/10/08 10,937.87 15,440.10 (4,502.23)

491.0000 03/25/08 10/13/08 12,667 72 15,761.10 (3,093.38)491.0000 03/25/08 10/16/08 10,905.29 15,761.10 (4,855.81)

120.0000 06/06/08 10/16/08 2,665.24 3,965.94 (1,300.70)

608.0000 07/10/08 10/16/08 13,503.91 17,972.42 (4,468.51)

DU PONT E I DE NEMOURS 12.0000 03/17/08 08/22/08 539.87 554.35 (14.48)

485.0000 03/25/08 08/22/08 21,820.03 22,780.69 (960.66)

345.0000 03/25/08 10/10/08 11,057.87 16,204.82 (5,146.95)353.0000 03/25/08 10/13/08 12,510.35 16,580.58 (4,070.23)

283.0000 03/25/08 10/16/08 8,959.87 13,292.66 (4,332.79)118.0000 06/06/08 10/16/08 3,735.91 5,474.88 (1,738.97)

457.0000 07/10/08 10/16/08 14,468.77 19,207.48 (4,738.71)

18.0000 09/15/08 10/16/08 569.89 842.97 (273.08)

ENBRIDGE INC COM 757.0000 06/06/08 08/22/08 31,894.88 33,922.00 (2,027 12)

520.0000 06/06/08 10/10/08 14,740.71 23,301.77 (8,561.06)531.0000 06/06/08 10/13/08 17,900.01 23,794.69 (5,894.68)

842.0000 06/06/08 10/16/08 23,318.63 37,730.96 (14,412.33)

478.0000 07/10/08 10/16/08 13,237.90 19,561.15 (6,323.25)


EIN: 39-6786592

2008 FORM 990-PF


FACIIMerrill Lynch

RAY & KAY ECKSTEIN




Page13 of 24




EMERSON ELEC CO 18.0000 03/11/08 08/22/08 867 .84 888 .16 (20.32)825.0000 03/25/08 08/22/08 39,776.16 42,626.51 (2,850.35)584.0000 03/25/08 10/10/08 18,664.53 30,174.40 (11,509.87)

597.0000 03/25/08 10/13/08 22,668.14 30,846.09 (8,177.95)668.0000 03/25/08 10/16/08 21,349.82 34,514.57 (13,164.75)71.0000 06/06/08 10/16/08 2,269.21 3,974.58 (1,705.37)

720 0000 07/10/08 10/16/08 23,011.80 35,452.80 (12,441.00)24.0000 09/11/08 10/16/08 767.06 1,027.68 (260.62)

FPL GROUP INC 306.0000 03/25/08 08/22/08 18,895.42 19,225.97 (330.55)210.0000 03/25/08 10/10/08 7,526.35 13,194.30 (5,667.95)

215.0000 03/25/08 10/13/08 8,961.18 13,508.45 (4,547.27)372.0000 03/25/08 10/16/08 13,545.81 23,372.77 (9,826.96)70.0000 06/06/08 10/16/08 2,548.94 4,488.40 (1,939.46)91.0000 07/10/08 10/16/08 3,313.64 6,182.54 (2,868.90)

GENERAL MILLS 451.0000 03/25/08 10/10/08 26,573.99 26,631.19 (57.20)252.0000 07/10/08 10/16/08 15,749.94 15,847.90 (97.96)

HALLIBURTON COMPANY 459.0000 03/26/08 10/10/08 7,798.36 17,721.76 (9,923.40)468.0000 03/26/08 10/13/08 9,753.29 18,069.24 (8,315.95)1140.0000 03/26/08 10/16/08 18,878.29 44,014.84 (25,136.55)

23.0000 07/10/08 10/16/08 380.88 1,082.61 (701.73)

HONEYWELL INTL INC DEL 827.0000 03/25/08 08/22/08 41,060.32 46,156.19 (5,095.87)568.0000 03/25/08 10/10/08 16,416.24 31,700.99 (15,284.75)580.0000 03/25/08 10/13/08 19,061.76 32,370.72 (13,308.96)518.0000 03/25/08 10/16/08 14,737.48 28,910.42 (14,172.94)227.0000 06/06/08 10/16/08 6,458.31 12,282.97 (5,824.66)696.0000 07/10/08 10/16/08 19,801 73 35,122.94 (15,321.21)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page14of24




HEWLETT PACKARD CO DEL 988.0000 05/06/08 08/22/08 46,377.84 47,480.90 (1,103.06)679.0000 05/06/08 10/10/08 25,475.93 32,631.11 (7,155.18)693.0000 05/06/08 10/13/08 28,211.94 33,303.91 (5,091.97)630.0000 05/06/08 10/16/08 23,594.43 30,276.30 (6,681.87)172.0000 06/06/08 10/16/08 6,441.65 8,190.55 (1,748.90)920.0000 07/10/08 10/16/08 34,455.38 38,455.54 (4,000.16)

MCKESSON CORPORATION COM 517.0000 03/25/08 10/10/08 19,498.13 26,984.50 (7,486.37)528.0000 03/25/08 10/13/08 23,100.82 27,558.64 (4,457.82)862.0000 03/25/08 10/16/08 35,644.52 44,991.59 (9,347.07)59.0000 06/06/08 10/16/08 2,439.70 3,364.18 (924.48)

389.0000 07/10/08 10/16/08 16,085.54 21,309.42 (5,223.88)

MCDONALDS CORP COM 360.0000 03/25/08 10/10/08 18,047.66 20,127.71 (2,080.05)615.0000 03/25/08 10/16/08 31,543.78 34,384.84 (2,841.06)116.0000 06/06/08 10/16/08 5,949.72 6,624.54 (674.82)

181.0000 07/10/08 10/16/08 9,283.62 10,713.39 (1,429.77)

NOKIA CORP SPON ADR 1617.0000 03/25/08 08/22/08 41,946.20 50,418.05 (8,471.85)

1111.0000 03/25/08 10/10/08 17,011.31 34,640.98 (17,629.67)1135.0000 03/25/08 10/13/08 19,501.12 35,389.30 (15,888.18)585.0000 03/25/08 10/16/08 8,699.36 18,240.31 (9,540.95)824.0000 06/06/08 10/16/08 12,253.47 21,546.78 (9,293.31)

1413.0000 07/10/08 10/16/08 21,012.33 36,313.11 (15,300.78)

NOVO NORDISK A S ADR 2033.0000 03/25/08 07/10/08 133,404.71 139,031.79 (5,627.08)168.0000 06/06/08 07/10/08 11,024.10 11,330.29 (306.19)

PPL CORPORATION 400.0000 03/25/08 08/22/08 18,160.29 18,703.71 (543.42)275.0000 03/25/08 10/10/08 7,948.94 12,858.81 (4,909.87)281.0000 03/25/08 10/13/08 9,306.66 13,139.36 (3,832 70)527.0000 03/25/08 10/16/08 15,177.50 24,642.16 (9,464.66)50.0000 06/06/08 10/16/08 1,439.99 2,514.50 (1,074.51)

119.0000 07/10/08 10/16/08 3,427.19 6,164.43 (2,737.24)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch

RAY & KAY ECKSTEIN




Page15of24



PEPSICO INC 633 0000 03/25/08 08/22/08 44,354.38 45,359.76 (1,005.38)

435.0000 03/25/08 10/10/08 24,852.76 31,171.40 (6,318.64)

445.0000 03/25/08 10/13/08 27,042.53 31,887.99 (4,845.46)

419.0000 03/25/08 10/16/08 21,507.77 30,024.88 (8,517.11)

250.0000 06/06/08 10/16/08 12,832.80 16,382.38 (3,549.58)

435.0000 07/10/08 10/16/08 22,329.09 28,304.80 (5,975.71)

PROCTER & GAMBLE CO 444.0000 03/25/08 10/10/08 25,771.39 30,878.42 (5,107.03)

453.0000 03/25/08 10/13/08 28,815.39 31,504.34 (2,688.95)450.0000 03/25/08 10/16/08 25,938.25 31,295.71 (5,357.46)224.0000 06/06/08 10/16/08 12,911.48 14,646.76 (1,735.28)

451.0000 07/10/08 10/16/08 25,995.91 28,805.37 (2,809.46)

SAP AKGSLTT SPONSORD ADR 412.0000 03/25/08 10/10/08 13,538.98 21,130.86 (7,591.88)

421.0000 03/25/08 10/13/08 15,988 56 21,592.45 (5,603.89)603.0000 03/25/08 10/16/08 20,289.02 30,926.98 (10,637.96)

96.0000 06/06/08 10/16/08 3,230.09 5,134.08 (1,903.99)345.0000 07/10/08 10/16/08 11,608.16 17,911.37 (6,303.21)

STARWOOD HOTELS AND 866.0000 05/06/08 08/22/08 31,218.34 46,743.64 (15,525.30)569.0000 05/06/08 10/10/08 11,317.34 30,712.64 (19,395.30)

26.0000 06/06/08 10/10/08 517.14 1,197.22 (680.08)608.0000 05/06/08 10/13/08 14,314.30 32,817.71 (18,503.41)251.0000 06/06/08 10/16/08 4,684.96 11,557.88 (6,872.92)

1259.0000 07/10/08 10/16/08 23,499.48 45,144.59 (21,645.11)

SCHLUMBERGER LTD 299.0000 03/25/08 10/10/08 16,727.75 24,724.67 (7,996.92)

305.0000 03/25/08 10/13/08 19,266.74 25,220.81 (5,954.07)

645.0000 03/25/08 10/16/08 32,745.17 53,335.83 (20,590.66)

4.0000 04/07/08 10/16/08 203.07 383.46 (180.39)101.0000 07/10/08 10/16/08 5,127.54 9,810.13 (4,682.59)

3.0000 07/15/08 10/16/08 152.30 302.64 (150.34)4.0000 10/06/08 10/16/08 203.08 280.84 (77.76)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch

RAY & KAY ECKSTEIN





Page16 of 24

Date Acquired Date Liquidated Amortization/AccretionSecurity Descnation Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

TEXAS INSTRUMENTS

TORCHMARK CORP COM



1148.0000 03/25/08 08/22/08 28,231.23 33,692.42 (5,461.19)789.0000 03/25/08 10/10/08 14,509.62 23,156.20 (8,646.58)806.0000 03/25/08 10/13/08 15,944.20 23,655.13 (7,710.93)799.0000 03/25/08 10/16/08 13,071.56 23,449.70 (10,378.14)128.0000 06/06/08 10/16/08 2,094.06 4,002.21 (1,908.15)

1076.0000 07/10/08 10/16/08 17,603.27 29,179.40 (11,576.13)

527.0000 04/29/08 08/22/08 30,682.18 34,311.86 (3,629.68)362.0000 04/29/08 10/10/08 12,736.09 23,569.06 (10,832.97)370.0000 04/29/08 10/13/08 15,026.91 24,089.92 (9,063.01)363.0000 04/29/08 10/16/08 12,813.13 23,634.17 (10,821.04)162.0000 06/06/08 10/16/08 5,718.25 9,892.50 (4,174.25)394.0000 07/10/08 10/16/08 13,907.38 23,198.88 (9,291.50)

9.0000 03/11/08 08/22/08 593.57 638.80 (45.23)660.0000 03/25/08 08/22/08 43,529.00 46,370.47 (2,841.47)463.0000 03/25/08 10/10/08 21,105.92 32,529.59 (11,423.67)472.0000 03/25/08 10/13/08 24,964.88 33,161.92 (8,197.04)

370.0000 03/25/08 10/16/08 17,785.79 25,995.58 (8,209.79)

198.0000 06/06/08 10/16/08 9,517.80 13,267.88 (3,750.08)592.0000 07/10/08 10/16/08 28,457.29 36,626.03 (8,168.74)14.0000 09/11/08 10/16/08 672.98 881.86 (208.88)

1023.0000 03/25/08 08/22/08 26,473.45 31,226.15 (4,752.70)

702.0000 03/25/08 10/10/08 13,144.38 21,427.92 (8,283.54)718.0000 03/25/08 10/13/08 14,870.91 21,916.30 (7,045.39)972.0000 03/25/08 10/16/08 17,973.44 29,669.43 (11,695.99)168.0000 06/06/08 10/16/08 3,106.52 5,311.99 (2,205.47)643.0000 07/10/08 10/16/08 11,889.84 19,540.77 (7,650.93)


EIN: 39-6786592

2008 FORM 990-PF


S Merrill Lynch

RAY & KAY ECKSTEIN




Page17 of 24




WADDELL & REED FINL A 995.0000 03/25/08 08/22/08 30,627.91 34,398.64 (3,770.73)684.0000 03/25/08 10/10/08 10,451.46 23,646.91 (13,195.45)698.0000 03/25/08 10/13/08 12,111.98 24,130.90 (12,018.92)

660.0000 03/25/08 10/16/08 9,253.34 22,817.20 (13,563.86)139.0000 06/06/08 10/16/08 1,948.81 4,968.97 (3,020.16)937.0000 07/10/08 10/16/08 13,136.95 29,778.23 (16,641.28)

WASTE MANAGEMENT INC NEW 771.0000 04/16/08 10/10/08 19,928.84 26,606.90 (6,678.06)787.0000 04/16/08 10/13/08 23,240.36 27,159.05 (3,918.69)

1322.0000 04/16/08 10/16/08 38,260.57 45,621.70 (7,361.13)93.0000 06/06/08 10/16/08 2,691.55 3,509.82 (818.27)

542.0000 07/10/08 10/16/08 15,686.27 20,008.58 (4,322.31)

WYETH 443.0000 03/25/08 10/10/08 13,113.92 18,485.68 (5,371.76)452.0000 03/25/08 10/13/08 14,568.10 18,861.23 (4,293.13)956.0000 03/25/08 10/16/08 28,048.87 39,892.37 (11,843.50)136.0000 06/06/08 10/16/08 3,990.22 5,836.75 (1,846.53)30.0000 07/10/08 10/16/08 880.20 1,445.40 (565.20)

Subtotal 2,900,819.62 4,083 ,499.92 (1,182,680.30)

NET SHORT TERM CAPITAL GAIN (LOSS) (1,133,789.73)TOTAL CAPITAL GAINS AND LOSSES 3,606,606.95 4,740,396.68 (1,133 ,789.73)TOTAL REPORTABLE GROSS PROCEEDS 3,606,606.95DIFFERENCE 0.000



EIN: 39-6786592

2008 FORM 990-PF


MCI'

Merrill Lynch

RAY & KAY ECKSTEIN





Page18of24


TOTAL 48,890.57 (1,182,680.30) 0.00 0.00


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page7 of 13

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales adjustments. RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains . The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("DID") obligations includes the accretion of DID . For purposes of allocatin g original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price. The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract . In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience. Additionally we have included items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these items with your tax advisor . For select clients, we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSISHARES DJ US TELCOMMUNI 893.0000 03/25/08 08/22/08 21,193.45 21,001.21 192.24

ISHARES NASDAQ BIOTECH- 892.0000 03/25/08 08/22/08 77,459.95 67,212.28 10,247.67

ISHARES TR DOW JONES US 3031.0000 03/25/08 08/22/08 170,197.57 164,870.94 5,326.63

HEALTH CARE SELECT SPDR 3195.0000 03/25/08 08/22/08 106,300.88 100,610.54 5,690.34

SECTOR SPDR CONSMRS STPL 751.0000 03/25/08 08/22/08 21,426.66 20,967.92 458.74

SECTOR SPDR ENERGY 960.0000 03/25/08 08/22/08 72,185.83 70,118.40 2,067.43Subtotal 468,764 . 34 444,781.29 23 ,983.05

SHORT TERM CAPITAL LOSSESISHARES DJ US TELCOMMUNI 1867.0000 03/25/08 10/10/08 26,996.66 43,907.36 (16,910.70)

1042.0000 03/25/08 10/16/08 15,614.07 24,505.35 (8,891.28)

ISHARES NASDAQ BIOTECH- 1865.0000 03/25/08 10/10/08 114,921.02 140,527.94 (25,606.92)1041.0000 03/25/08 10/16/08 65,718.06 78,439.46 (12,721.40)


EIN: 39-6786592

2008 FORM 990-PF


MM

Merrill Lynch

RAY & KAY ECKSTEIN




Page8of13



ISHARES TR DOW JONES US 6345.0000 03/25/08 10/10/08 234,466.73 345,135.64 (110,668.91)3544.0000 03/25/08 10/16/08 127,781.04 192,775.53 (64,994.49)

MATERIALS SELECT SECTOR 517.0000 03/25/08 08/22/08 20,598.19 21,098.77 (500.58)

1077.0000 03/25/08 10/10/08 27,280.25 43,952.37 (16,672.12)601.0000 03/25/08 10/16/08 14,287.36 24,526.81 (10,239.45)

HEALTH CARE SELECT SPDR 6686.0000 03/25/08 10/10/08 159,728.98 210,542.14 (50,813.16)3735.0000 03/25/08 10/16/08 91,846.12 117,615.16 (25,769.04)

SECTOR SPDR CONSMRS STPL 1569.0000 03/25/08 10/10/08 35,507.68 43,806.47 (8,298.79)876.0000 03/25/08 10/16/08 19,580.24 24,457.93 (4,877.69)

CONSUMER DISCRETIONARY 2171.0000 03/25/08 08/22/08 66,106.57 69,969.15 (3,862.58)4542.0000 03/25/08 10/10/08 93,975.27 146,384 12 (52,408.85)2537.0000 03/25/08 10/16/08 50,187.66 81,764.98 (31,577.32)

SECTOR SPDR ENERGY 2005.0000 03/25/08 10/10/08 85,434.78 146,445.20 (61,010.42)

1120.0000 03/25/08 10/16/08 45,462.78 81,804.80 (36,342.02)

SECTOR SPDR FINANCIAL 1052.0000 03/25/08 08/22/08 21,504.85 28,151.52 (6,646.67)2197.0000 03/25/08 10/10/08 30,032.82 58,791.72 (28,758.90)1227.0000 03/25/08 10/16/08 18,012 62 32,834.52 (14,821.90)

SECTOR SPDR INDUSTRIAL 2971.0000 03/25/08 08/22/08 104,493.05 111,769.02 (7,275.97)6219.0000 03/25/08 10/10/08 143,846.53 233,958.78 (90,112.25)3473.0000 03/25/08 10/16/08 78,663.00 130,654.26 (51,991.26)

Subtotal 1,692,046 . 33 2,433,819.00 (741,772.67)

NET SHORT TERM CAPITAL GAIN (LOSS)TOTAL CAPITAL GAINS AND LOSSESTOTAL REPORTABLE GROSS PROCEEDSDIFFERENCE


EIN: 39-6786592

2008 FORM 990-PF


(717,789.62)2,160,810.67 2,878,600.29 (717,789.62)2,160,810.67

0.00

Merrill Lvnch

RAY & KAY ECKSTEIN





Page9of13


Note Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of

fractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportable

gross proceeds section (e.g., option premium received).



TOTAL 23,983.05 (741, 772.67) 0.00 0.00


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch

RAY & KAY ECKSTEIN




Page10 of 26

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral, or wash sales adjustments. RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount (" OID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consistin g of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your orig inal cost and the amount allocable to the debt component was allocated to the purchase contract. In malting adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received. In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience. Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor. For select clients, we have also included a summary of Visa charges and checking activity.





SHORT TERM CAPITAL GAINSBAYTEX ENERGY TR 920.0000 08/12/08 08/22/08 26,640.20 25,477.00 1,163.20

BANK OF NOVA SCOTIA 540.0000 08/15/07 08/12/08 25,490.87 24,248.53 1,242.34

EUROSEAS LTD 2135.0000 12/07/07 08/22/08 27,928.84 27,418 74 510.10

ROYAL BANK CANADA PV$1 609.0000 04/25/08 09/23/08 29,571.60 28,778.36 793 24Subtotal 109,631.51 105,922.63 3,708.88

SHORT TERM CAPITAL LOSSESAXA ADR 1126.0000 09/23/08 10/10/08 25,856 08 36,963.21 (11,107.13)

1132.0000 09/23/08 10/13/08 31,132.08 37,160.16 (6,028.08)

ALLIED IRSH BKS SPND ADR 838.0000 12/21/07 08/22/08 20,522.50 37,548.69 (17,026.19)

410.0000 12/21/07 10/10/08 4,394.43 18,371.08 (13,976.65)527.0000 04/25/08 10/10/08 5,648.45 22,565.24 (16,916.79)440.0000 08/12/08 10/10/08 4,715.99 11,772.64 (7,056.65)

1384.0000 12/21/07 10/13/08 14,814.66 62,013.59 (47,198.93)


EIN: 39-6786592

2008 FORM 990-PF


FACIIMerrill LYnch

RAY & KAY ECKSTEIN




Page11 0213




BANCO B VIZ ARGT SA ADR 1388.0000 07/09/08 08/22/08 22,853 43 25,904.10 (3,050.67)

2215.0000 07/09/08 10/10/08 26,469.54 41,338.33 (14,868.79)

67.0000 08/12/08 10/10/08 800.66 1,206.00 (405.34)

2295.0000 07/09/08 10/13/08 33,139.61 42,831.35 (9,691.74)

BANCO SANTANDER SA ADR 144.0000 03/20/08 08/12/08 2,661.10 2,690.87 (29.77)

1374.0000 03/20/08 08/22/08 23,442.64 25,675.38 (2,232.74)

2257.0000 04/25/08 10/10/08 25,982.66 48,299.80 (22,317.14)

317.0000 03/20/08 10/13/08 4,51766 5,923.66 (1,406.00)

1870.0000 04/03/08 10/13/08 26,649.97 39,531.80 (12,881.83)

83.0000 04/25/08 10/13/08 1,182.86 1,776.20 (593.34)

BANK OF IRELAND SPNS ADR 618.0000 12/21/07 08/22/08 19,515.09 36,208.43 (16,693.34)

1342.0000 12/21/07 09/23/08 32,872 90 78,627.39 (45,754.49)

408.0000 04/25/08 09/23/08 9,994 15 23,292 80 (13,298.65)286.0000 08/12/08 09/23/08 7,005.71 10,550.54 (3,544.83)

BAYTEX ENERGY TR 1511.0000 08/12/08 10/10/08 20,307.72 41,843.22 (21,535.50)

1520.0000 08/12/08 10/13/08 25,557.28 42,092.45 (16,535.17)

BANK OF NOVA SCOTIA 196.0000 04/03/08 10/10/08 6,591.20 9,153.20 (2,562.00)

500 0000 04/25/08 10/10/08 16,814.32 23,695.00 (6,880.68)

BARCLAYS PLC ADR 861.0000 12/21/07 08/22/08 20,925.02 34,543.92 (13,618.90)

724.0000 12/21/07 10/10/08 9,884.86 29,047.39 (19,162.53)576.0000 04/25/08 10/10/08 7,864.20 21,772.80 (13,908.60)115.0000 08/12/08 10/10/08 1,570.11 3,272.90 (1,702.79)

1422.0000 12/21/07 10/13/08 22,145.10 57,051.64 (34,906.54)

BP PLC SPON ADR 676.0000 09/23/08 10/10/08 26,019.83 36,172.56 (10,152.73)679.0000 09/23/08 10/13/08 30,556.04 36,333.08 (5,777.04)

COMP SIDER NACL SPNS ADR 167.0000 04/25/08 09/23/08 4,250.36 7,129.23 (2,878.87)

86.0000 08/12/08 09/23/08 2,188.81 2,750.28 (561.47)


EIN: 39-6786592

2008 FORM 990-PF


MCI'

Merrill Lynch

RAY & KAY ECKSTEIN




Page12 of 26



CPFL ENERGIA S A ADR

DIANA SHIPPING INC

DANAOS CORP

ENI S P A SPONSORED ADR

ENBRIDGE INC COM

EUROSEAS LTD

MACQUARIE GL INFRSTRC TR

MACQUARIE/FTGI/UTL D&I

COHEN & STEERS WORLDWIDE

NATIONAL GRID PLC SP ADR

204.0000 04/25/08 09/23/08 11,056.42 14,620.68 (3,564.26)

898.0000 12/07/07 08/12/08 27,196.67 31,346.30 (4,149.63)836.0000 12/07/07 08/22/08 24,535.87 29,182.08 (4,646.21)

2620.0000 12/07/07 09/23/08 56,503.90 91,455.84 (34,951.94)136.0000 04/25/08 09/23/08 2,933.03 4,172.48 (1,239.45)

190.0000 04/03/08 10/10/08 1,557.99 5,044.50 (3,486.51)1165.0000 04/25/08 10/10/08 9,552.96 29,247.09 (19,694.13)

99.0000 04/03/08 08/12/08 6,371.60 6,956.61 (585.01)395.0000 04/03/08 08/22/08 25,379.51 27,756.17 (2,376.66)533.0000 04/03/08 10/10/08 19,430.40 37,453.28 (18,022.88)116.0000 04/25/08 10/10/08 4,228.76 8,915.76 (4,687.00)652.0000 04/03/08 10/13/08 28,107.56 45,815.26 (17,707.70)

466.0000 04/25/08 10/10/08 13,189.13 19,304.38 (6,115.25)

523.0000 12/07/07 08/12/08 6,180.51 6,716.62 (536.11)2866.0000 12/07/07 10/10/08 14,857.82 36,806.61 (21,948.79)644.0000 04/25/08 10/10/08 3,338.61 9,177.00 (5,838.39)

3530.0000 12/07/07 10/13/08 23,157.38 45,334.03 (22,176.65)

684.0000 04/25/08 10/10/08 5,821.49 18,681.07 (12,859.58)43.0000 08/12/08 10/10/08 365.98 921.49 (555.51)

266.0000 04/03/08 10/10/08 1,828.31 5,921.16 (4,092.85)649.0000 04/25/08 10/10/08 4,460.82 15,556.53 (11,095.71)

468.0000 04/03/08 10/10/08 1,807.12 7,560.31 (5,753.19)1095.0000 04/25/08 10/10/08 4,228.21 18,866.85 (14,638.64)

88.0000 08/12/08 10/10/08 339.81 1,182.72 (842.91)

568.0000 09/23/08 10/10/08 26,216.46 37,121.82 (10,905.36)571.0000 09/23/08 10/13/08 32,831.17 37,317.87 (4,486.70)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch

RAY & KAY ECKSTEIN




Page13 of 26


Security Descriation Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

PHILPPNE L D TEL ADR 686.0000 09/23/08 10/10/08 30,876 75 37,251.59 (6,374.84)690.0000 09/23/08 10/13/08 35,483 26 37,468.79 (1,985 53)

ROYAL KPN N V SP ADR 981.0000 07/09/08 08/22/08 16,284.50 17,118.44 (833.94)1612.0000 08/12/08 10/10/08 15,958.71 27,484.60 (11,525.89)1080.0000 07/09/08 10/13/08 13,823.92 18,846.01 (5,022.09)540.0000 08/12/08 10/13/08 6,911.96 9,207.00 (2,295.04)

ROYAL DUTCH SHELL PLC 219.0000 04/03/08 08/12/08 15,132 81 15,590.04 (457.23)371.0000 04/03/08 08/22/08 25,906.78 26,410.52 (503.74)454.0000 04/03/08 10/10/08 19,810.13 32,319.09 (12,508.96)156.0000 04/25/08 10/10/08 6,807.01 12,019.80 (5,212.79)612.0000 04/03/08 10/13/08 31,107.54 43,566.68 (12,459.14)

ROYAL BANK CANADA PV$1 406.0000 08/15/07 08/12/08 18,170.38 19,861.19 (1,690.81)211.0000 04/03/08 09/23/08 10,245.66 10,265.15 (19.49)

STATOILHYDRO ASA 227.0000 10/16/07 08/12/08 6,568.25 7,658.97 (1,090.72)878.0000 10/16/07 08/22/08 27,178.15 29,623.72 (2,445.57)

1272.0000 10/19/07 10/10/08 21,301.80 42,504.39 (21,202.59)170.0000 04/25/08 10/10/08 2,846.95 5,897.30 (3,050.35)

1036.0000 10/16/07 10/13/08 19,446.32 34,954.65 (15,508.33)413.0000 10/19/07 10/13/08 7,75226 13,800.56 (6,048.30)

SEASPAN CORP 465.0000 10/19/07 10/10/08 5,117.34 15,059.77 (9,942.43)915.0000 04/25/08 10/10/08 10,069.62 24,677.55 (14,607.93)

SOUTHERN COPPER CORP 946.0000 10/19/07 08/22/08 24,447.72 42,238.74 (17,791.02)609.0000 10/19/07 10/10/08 6,504.08 27,191.76 (20,687.68)294.0000 04/25/08 10/10/08 3,139.90 11,854.08 (8,714.18)651.0000 08/12/08 10/10/08 6,95264 15,017.92 (8,065.28)

1562.0000 10/19/07 10/13/08 21,839.44 69,743.04 (47,903.60)

TELKOM SA LTD SP ADR 23.0000 08/12/08 10/10/08 1,027.86 1,631.85 (603.99)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page14 of 26



TRANSCANADA CORP 22.0000 04/03/08 10/10/08 574.21 788.48 (214.27)528.0000 04/25/08 10/10/08 13,781.27 18,985.88 (5,204.61)

TELEFONICA SA SPAIN ADR 496.0000 09/23/08 10/10/08 26,826.99 37,537.48 (10,710.49)498.0000 09/23/08 10/13/08 31,348.92 37,688.84 (6,339.92)

TEEKAY OFFSHORE PARTNERS 220.0000 04/03/08 10/10/08 1,487.50 5,348.20 (3,860.70)1384.0000 04/25/08 10/10/08 9,357.73 30,575.33 (21,217.60)240.0000 08/12/08 10/10/08 1,622.73 3,959.90 (2,337.17)

WESTPAC BANKING ADR 142.0000 04/25/08 10/10/08 8,623.13 16,654.70 (8,031.57)

COMMONWEALTH BANK OF AU 501.0000 08/15/07 08/12/08 19,213.35 22,069.04 (2,855.69)319.0000 04/03/08 10/10/08 7,177.50 13,557.50 (6,380 00)724.0000 04/25/08 10/10/08 16,290.01 29,684.00 (13,393 99)

ROYAL BANK OF SCOTLAND 4438.0000 10/19/07 08/22/08 17,752.00 40,541.71 (22,789.71)

10203.0000 10/19/07 09/23/08 35,771.71 90,940.24 (55,168.53)731.0000 04/03/08 09/23/08 2,562.88 4,633.70 (2,070.82)

4063.0000 08/12/08 09/23/08 14,244.89 18,829.00 (4,584.11)Subtotal 1,511,671.07 2,568,600.64 (1,056 , 929.57)

NET SHORT TERM CAPITAL GAIN (LOSS) (1,053,220.69)

LONG TERM CAPITAL GAINSBANK OF NOVA SCOTIA 535.0000 08/15/07 08/22/08 24,644.69 24,024.01 620.68

COMP SIDER NACL SPNS ADR 24.0000 05/30/07 08/22/08 829.77 423.43 406.34751.0000 06/15/07 08/22/08 25,964.92 13,35913 12,605.79107.0000 06/15/07 09/23/08 2,723.28 1,903.37 819.91

2193.0000 07/19/07 09/23/08 55,814.60 41,429.79 14,384.81

CPFL ENERGIA S A ADR 225.0000 05/30/07 08/12/08 14,320.42 12,384.94 1,935.48397.0000 05/30/07 08/22/08 25,491.26 21,852.55 3,638.71


EIN: 39-6786592

2008 FORM 990-PF


MM

Merrill Lynch

RAY & KAY ECKSTEIN





Page15of26


ENBRIDGE INC COM 668.0000 05/30/07 08/12/08 27,802.47 23,671.25 4,131.22407.0000 05/30/07 08/22/08 17,148 23 14,422.46 2,725.77200.0000 06/15/07 08/22/08 8,426.65 6,906.09 1,520.56

TRANSCANADA CORP 862.0000 05/30/07 08/12/08 32,016.05 31,514.72 501.33

586.0000 05/30/07 08/22/08 22,418.41 21,424.16 994.2597.0000 06/15/07 08/22/08 3,71090 3,422.16 288.74

Subtotal 261,311.65 216,738.06 44,573.59

LONG TERM CAPITAL LOSSESBANK OF NOVA SCOTIA 182.0000 09/21/07 10/10/08 6,120.40 9,416.68 (3,296.28)

636 0000 08/15/07 10/13/08 25,422.23 28,559.40 (3,137.17)246.0000 09/21/07 10/13/08 9,833.14 12,728.04 (2,894.90)

CPFL ENERGIA S A ADR 165.0000 05/30/07 09/23/08 8,942.68 9,082.30 (139.62)214.0000 06/15/07 09/23/08 11,598.39 12,486.69 (888.30)551.0000 07/19/07 09/23/08 29,863.15 36,169.62 (6,306.47)172.0000 09/21/07 09/23/08 9,322.07 9,515.04 (192.97)

DANAOS CORP 66.0000 05/30/07 08/12/08 1,335.83 2,118.20 (782.37)1242 0000 05/30/07 08/22/08 25,941.50 39,860.75 (13,919.25)619.0000 07/19/07 10/10/08 5,075.76 24,051.19 (18,975.43)67.0000 09/21/07 10/10/08 549.39 2,428.75 (1,879.36)

1217.0000 05/30/07 10/13/08 11,816.99 39,058.40 (27,241.41)492.0000 06/15/07 10/13/08 4,777.29 15,744.00 (10,966.71)344.0000 07/19/07 10/13/08 3,340.23 13,366.08 (10,025.85)

ENBRIDGE INC COM 469.0000 07/19/07 10/10/08 13,274.03 17,141.95 (3,867.92)61.0000 09/21/07 10/10/08 1,72647 2,205.76 (479.29)

307.0000 06/15/07 10/13/08 10,307.46 10,600.87 (293.41)695.0000 07/19/07 10/13/08 23,334.50 25,402.25 (2,067.75)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN





Page16 of 26


MACQUARIE GL INFRSTRC TR 1172.0000 05/30/07 08/22/08 23,904.44 38,731.44 (14,827.00)986.0000 07/19/07 10/10/08 8,391.79 32,813.30 (24,421.51)212.0000 09/21/07 10/10/08 1,804.32 6,408.76 (4,604.44)985.0000 05/30/07 10/13/08 10,723.83 32,551.60 (21,827.77)638.0000 06/15/07 10/13/08 6,945.99 20,117.03 (13,171.04)313.0000 07/19/07 10/13/08 3,407.68 10,416.38 (7,008.70)

MACQUARIE/FTGI/UTL D&I 1326.0000 05/30/07 08/22/08 22,966.19 39,025.37 (16,059.18)1123.0000 07/19/07 10/10/08 7,718.78 32,505.24 (24,786.46)140.0000 09/21/07 10/10/08 962.27 3,858.40 (2,896.13)995.0000 05/30/07 10/13/08 9,799.89 29,283.75 (19,483.86)761.0000 06/15/07 10/13/08 7,495.20 21,066.15 (13,570.95)435.0000 07/19/07 10/13/08 4,284.38 12,591.07 (8,306.69)

COHEN & STEERS WORLDWIDE 1862.0000 05/30/07 08/22/08 22,376 64 46,957.40 (24,580.76)1154.0000 07/19/07 10/10/08 4,456.02 27,908.11 (23,452.09)254.0000 09/21/07 10/10/08 980.79 5,646.65 (4,665.86)

1377.0000 05/30/07 10/13/08 8,224.08 34,726.29 (26,502.21)644.0000 06/15/07 10/13/08 3,846.26 16,385.29 (12,539.03)

1056.0000 07/19/07 10/13/08 6,306.93 25,538.09 (19,231.16)

ROYAL BANK CANADA PV$1 564.0000 08/15/07 08/22/08 24,580.05 27,590.42 (3,010.37)601.0000 08/15/07 09/23/08 29,183.13 29,400.45 (217.32)437.0000 09/21/07 09/23/08 21,219.68 23,561.82 (2,342.14)

SEASPAN CORP 429.0000 05/30/07 08/12/08 10,189.81 12,537.56 (2,347.75)1064.0000 05/30/07 08/22/08 27,185.04 31,095.51 (3,910.47)212.0000 07/19/07 10/10/08 2,33306 7,788.23 (5,455.17)156.0000 09/21/07 10/10/08 1,716.78 5,105.27 (3,388.49)535.0000 05/30/07 10/13/08 7,078.75 15,635.44 (8,556.69)284.0000 06/15/07 10/13/08 3,757.69 9,201.71 (5,444.02)939.0000 07/19/07 10/13/08 12,424.22 34,495.94 (22,071.72)


EIN: 39-6786592

2008 FORM 990-PF


mc^Merrill Lynch

RAY & KAY ECKSTEIN




Page17 of 26



TELKOM SA LTD SP ADR 351.0000 05/30/07 08/22/08 24,625.67 34,64815 (10,022.48)

19.0000 06/15/07 10/10/08 849.09 1,965.51 (1,116.42)

535.0000 07/19/07 10/10/08 23,908.86 52,948.95 (29,040.09)

451.0000 05/30/07 10/13/08 22,568.44 44,519.44 (21,951.00)

128.0000 06/15/07 10/13/08 6,405.24 13,241.29 (6,836.05)

TRANSCANADA CORP 482.0000 07/19/07 10/10/08 12,580 60 17,993.45 (5,412.85)

89.0000 09/21/07 10/10/08 2,322.97 3,212.90 (889.93)

426.0000 06/15/07 10/13/08 13,16916 15,029.33 (1,860.17)

701.0000 07/19/07 10/13/08 21,670.38 26,168.89 (4,498.51)

TEEKAY OFFSHORE PARTNERS 1465.0000 05/30/07 08/22/08 22,637.05 48,682.38 (26,045.33)

176.0000 07/19/07 10/10/08 1,189.99 6,536.82 (5,346.83)387.0000 09/21/07 10/10/08 2,61664 11,323.12 (8,706.48)944.0000 05/30/07 10/13/08 8,70041 31,369.41 (22,669.00)

463.0000 06/15/07 10/13/08 4,267.26 15,987.71 (11,720.45)1013.0000 07/19/07 10/13/08 9,336.37 37,623.83 (28,287.46)

WESTPAC BANKING ADR 131.0000 05/30/07 08/12/08 13,912.12 14,116.56 (204.44)

238.0000 05/30/07 08/22/08 22,992.91 25,646.87 (2,653.96)241.0000 07/19/07 10/10/08 14,634.99 28,524.77 (13,889.78)

8.0000 09/21/07 10/10/08 485.80 951.92 (466.12)128.0000 05/30/07 10/13/08 10,092.10 13,793.29 (3,701 19)159.0000 06/15/07 10/13/08 12,536.28 17,191.08 (4,654.80)

106.0000 07/19/07 10/13/08 8,357.53 12,546.15 (4,188.62)

COMMONWEALTH BANK OF AU 639.0000 08/15/07 08/22/08 22,684.50 28,147.95 (5,463.45)

6.0000 09/21/07 10/10/08 134.99 295.50 (160.51)553.0000 08/15/07 10/13/08 15,898.75 24,359.66 (8,460.91)502.0000 09/21/07 10/13/08 14,432.50 24,723.50 (10,291.00)

Subtotal 809,855.80 1,494,427.07 (684,571.27)



EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch

RAY & KAY ECKSTEIN



Page18 of 26




TOTAL CAPITAL GAINS AND LOSSES


2,692,470.03 4,385,688.40 (1,693,218.37)2,699,394.54

(6,924.51)

Note Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation offractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).


TOTAL

SHORT TERM GAINS

3,708.88


EIN: 39-6786592

2008 FORM 990-PF


SHORT TERM LOSSES LONG TERM GAINS LONG TERM LOSSES

(1,056,929.57) 44,573.59 (684,571 27)

Merrill Lynch

RAY & KAY ECKSTEIN




Page_„ of 26


The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consistin g of a purchase contract and a debt security subject to a remarketinevent, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the d9ebt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first , and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable . Pleasediscuss the deductibility of these items with your tax advisor. For select clients , we have also mcluced a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSBP PLC SPON ADR 240.0000 03/31/08 05/27/08 17,623.34 14,611.17 3,012.17

310.0000 03/31/08 07/16/08 19,052.49 18,872.77 179.72

COOPER INDSTRS LTD CL A 160.0000 03/31/08 05/27/08 7,240.38 6,390.39 849.99315.0000 03/31/08 07/16/08 13,132.43 12,581.10 551.33

R R DONNELLEY SONS 190.0000 03/31/08 05/27/08 6,003.96 5,692.40 311.56

EMBARQ CORP 265.0000 03/31/08 05/27/08 12,421.49 10,691.10 1,730.39380.0000 03/31/08 07/16/08 16,492.77 15,330.64 1,162.13

EMERSON ELEC CO 165.0000 03/31/08 05/27/08 9,324.26 8,483.73 840.53

GENERAL MILLS 395.0000 03/31/08 07/16/08 25,335.35 23,526.19 1,809.16320.0000 03/31/08 10/16/08 20,220.07 19,059.21 1,160.86

HONEYWELL INTL INC DEL 110.0000 03/31/08 05/27/08 6,474.67 6,181.99 292.68

HARSCO CORPORATION 100.0000 03/31/08 05/27/08 6,083.36 5,496.00 587.36

MCDONALDS CORP COM 265.0000 03/31/08 07/16/08 15,974.14 14,794.94 1,179.20


EIN: 39-6786592

2008 FORM 990-PF


MCI,

MMerrill Lynch

RAY & KAY ECKSTEIN




Page12of26




P P G INDUSTRIES INC 90.0000 03/31/08 05/27/08 5,557.46 5,407.46 150.00

SYSCO CORPORATION 210.0000 03/31/08 05/27/08 6,381.97 6,066.98 314.99720.0000 03/31/08 07/16/08 21,025.97 20,801.08 224.89

UGI CORP NEW 225.0000 03/31/08 05/27/08 6,000.71 5,561.12 439.597600000 03/31/08 07/16/08 20,301.76 18,784.23 1,517.53

UST INC COM 50.0000 03/31/08 10/10/08 3,001.48 2,728.00 273.48575.0000 03/31/08 10/16/08 35,679.01 31,372.01 4,307.00

WELLS FARGO & CO NEW DEL 690.0000 03/31/08 10/16/08 22,404.17 20,389.16 2,015.01

WYETH 7600000 03/31/08 07/16/08 37,029 88 31,372.79 5,657.09Subtotal 332,761.12 304,194.46 28,566.66

SHORT TERM CAPITAL LOSSESAT& T INC 545.0000 03/31/08 07/16/08 17,303.70 20,917.10 (3,613.40)

475.0000 03/31/08 10/10/08 11,129.18 18,230.50 (7,101.32)580.0000 03/31/08 10/16/08 14,007.27 22,260.40 (8,253.13)

BOSTON PPTYS INC 150.0000 03/31/08 07/16/08 13,771.54 14,048.99 (277.45)85.0000 03/31/08 10/10/08 6,388.56 7,961.10 (1,572.54)95.0000 03/31/08 10/16/08 6,146.46 8,897.71 (2,751.25)

BP PLC SPON ADR 220.0000 03/31/08 10/10/08 8,802 15 13,393.58 (4,591.43)230.0000 03/31/08 10/16/08 9,547.42 14,002.38 (4,454.96)95.0000 06/03/08 10/16/08 3,943.51 6,765.90 (2,822.39)


970.0000 03/31/08 10/10/08 20,187.52 37,595.26 (17,407.74)385.0000 03/31/08 10/16/08 8,890.28 14,921.84 (6,031.56)245.0000 06/03/08 10/16/08 5,657.46 8,172.61 (2,515.15)


EIN: 39 -6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN

Page13of26






CARNIVAL CORP PAIRED SHS

COOPER INDSTRS LTD CL A

CBS CORP NEW CL B

DEERE CO

R R DONNELLEY SONS

DU PONT E I DE NEMOURS

EXXON MOBIL CORP COM

EMBARQ CORP

EMERSON ELEC CO

415.0000435.0000410.0000

245.0000290.0000

640.0000770.0000880.0000

155.0000165.0000180.0000

490.0000460.0000560.0000

500.0000370.0000430.0000

295.0000125.0000290.0000

235.0000410.0000

03/31/08 07/16/08 13,653 42 16,612.45 (2,959.03)03/31/08 10/10/08 12,032.03 17,413.05 (5,381.02)03/31/08 10/16/08 11,251.44 16,412.30 (5,160.86)

03/31/08 10/10/08 7,394.59 9,785.30 (2,390.71)03/31/08 10/16/08 8,465.78 11,582.61 (3,116.83)

03/31/08 07/16/08 10,841.53 14,160.38 (3,318.85)03/31/08 10/10/08 6,076.65 17,036.71 (10,960.06)03/31/08 10/16/08 7,110.36 19,470.53 (12,360.17)

03/31/08 07/16/08 10,016.06 12,537.95 (2,521.89)03/31/08 10/10/08 6,411.86 13,346.85 (6,934.99)03/31/08 10/16/08 6,57914 14,560.20 (7,981.06)

03/31/08 07/16/08 13,466.05 14,680.39 (1,214.34)03/31/08 10/10/08 7,466.99 13,781.60 (6,314.61)03/31/08 10/16/08 8,658.61 16,777.61 (8,119.00)

03/31/08 07/16/08 20,969.88 23,424.99 (2,455.11)03/31/08 10/10/08 12,480.77 17,334.50 (4,853.73)03/31/08 10/16/08 14,009.36 20,145.51 (6,136.15)

03/31/08 07/16/08 23,726.71 25,296.25 (1,569.54)03/31/08 10/10/08 7,800.79 10,718.75 (2,917.96)03/31/08 10/16/08 17,930.59 24,867.50 (6,936.91)

03/31/08 10/10/08 7,292.89 9,480.79 (2,187.90)03/31/08 10/16/08 13,555.14 16,540.97 (2,985.83)

03/31/08 07/16/08 16,146.80 16,967.48 (820.68)03/31/08 10/10/08 7,874.80 12,082.90 (4,208.10)03/31/08 10/16/08 14,654.61 23,137.48 (8,482.87)

330.0000235.0000450.0000

FAIRPOINT COMMUNICATIONS 26.0000


EIN: 39 -6786592

2008 FORM 990-PF


03/31/08 10/10/08 132.33 235.60 (103.27)

Me"Merrill Lvnch

RAY & KAY ECKSTEIN




Page14of26



GENERAL ELECTRIC 750.0000 03/31/08 07/16/08 20,463.71 27,824.99 (7,361.28)690.0000 03/31/08 10/10/08 13,954.48 25,599.00 (11,644.52)200.0000 03/31/08 10/16/08 3,748.07 7,420.01 (3,671.94)

345.0000 06/03/08 10/16/08 6,465.44 10,581.15 (4,115.71)

GENERAL MILLS 115.0000 03/31/08 10/10/08 6,768.02 6,849.40 (81.38)

HONEYWELL INTL INC DEL 290.0000 03/31/08 07/16/08 14,311.41 16,298.00 (1,986.59)310.0000 03/31/08 10/10/08 9,50311 17,422.00 (7,918.89)370.0000 03/31/08 10/16/08 10,855.73 20,794.01 (9,938.28)

HCP INC 545.0000 03/31/08 07/16/08 18,121.90 18,471.03 (349.13)210.0000 03/31/08 10/10/08 6,270.58 7,117.27 (846.69)465.0000 03/31/08 10/16/08 13,360.30 15,759 70 (2,399.40)

HARSCO CORPORATION 195.0000 03/31/08 07/16/08 10,307.84 10,717.20 (409.36)130.0000 03/31/08 10/10/08 2,962.68 7,144.79 (4,182.11)295.0000 03/31/08 10/16/08 6,550.73 16,213.21 (9,662.48)

HOME DEPOT INC 610.0000 03/31/08 07/16/08 13,779.82 16,884.80 (3,104.98)600.0000 03/31/08 10/10/08 12,037.13 16,608.00 (4,570.87)260.0000 03/31/08 10/16/08 4,958.69 7,196.80 (2,238.11)385.0000 05/20/08 10/16/08 7,342.68 10,802.87 (3,460.19)

JPMORGAN CHASE & CO 440.0000 03/31/08 07/16/08 15,110.65 19,360.00 (4,249.35)540.0000 03/31/08 10/10/08 21,882.51 23,759.99 (1,877.48)430.0000 03/31/08 10/16/08 16,210.90 18,920.01 (2,709.11)

MCDONALDS CORP COM 75.0000 03/31/08 10/10/08 4,043.08 4,187.25 (144.17)200.0000 03/31/08 10/16/08 10,33214 11,166.01 (833.87)

MERCK&COINC 460.0000 04/23/08 07/16/08 16,868.38 17,724.53 (856.15)230.0000 04/23/08 10/10/08 5,987.73 8,862.26 (2,874.53)380.0000 04/23/08 10/16/08 9,990.33 14,642.02 (4,651.69)


2008 FORM 990-PF


MPA

Merrill Lynch

RAY & KAY ECKSTEIN




Page15 of 26




NEWELL RUBBERMAID INC 460.0000 03/31/08 07/16/08 7,328.62 10,427.37 (3,098.75)

1035.0000 03/31/08 10/10/08 13,271.41 23,461.59 (10,190.18)

735.0000 03/31/08 10/16/08 9,864.01 16,661.13 (6,797.12)

P P G INDUSTRIES INC 260.0000 03/31/08 07/16/08 14,581.70 15,621.55 (1,039.85)235.0000 03/31/08 10/10/08 11,134.23 14,119.48 (2,985.25)

265.0000 03/31/08 10/16/08 12,307.22 15,921.98 (3,614.76)

PG&E CORP 305 0000 06/26/08 07/16/08 11,636 08 11,843.45 (207.37)

160.0000 06/26/08 10/10/08 4,771.17 6,212.96 (1,441.79)280.0000 06/26/08 10/16/08 8,361.17 10,872.69 (2,511.52)

PROLOGIS 170.0000 03/31/08 07/16/08 8,388.21 10,182.99 (1,794.78)

135.0000 03/31/08 10/10/08 3,466.78 8,086.50 (4,619.72)

205.0000 03/31/08 10/16/08 4,422.13 12,279.51 (7,857.38)

PEPSICO INC 335.0000 03/31/08 07/16/08 22,126.79 24,036.24 (1,909.45)195.0000 03/31/08 10/10/08 11,326.47 13,991.25 (2,664.78)

310.0000 03/31/08 10/16/08 15,937.01 22,242.51 (6,305.50)

PROCTER & GAMBLE CO 345.0000 03/31/08 07/16/08 22,072.52 23,929.19 (1,856.67)

185.0000 03/31/08 10/10/08 11,053 68 12,831.60 (1,777.92)

340.0000 03/31/08 10/16/08 19,740.96 23,582.41 (3,841.45)

REGAL ENTMT GROUP CL A 725.0000 03/31/08 07/16/08 11,448.77 13,702.50 (2,253.73)720.0000 03/31/08 10/10/08 9,437.34 13,607.99 (4,170.65)

695.0000 03/31/08 10/16/08 9,483.15 13,135.51 (3,652.36)

SIMON PROPERTY GROUP DEL 90.0000 07/28/08 10/10/08 6,707.25 8,057.12 (1,349.87)

100.0000 07/28/08 10/16/08 6,244.31 8,952.36 (2,708.05)

SYSCO CORPORATION 445.0000 03/31/08 10/10/08 10,955.83 12,856.23 (1,900.40)

705.0000 03/31/08 10/16/08 17,158.61 20,367.74 (3,209.13)


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lvnch

RAY & KAY ECKSTEIN




Page16 of 26



3M COMPANY 280.0000 03/31/08 07/16/08 19,137.92 22,142.39 (3,004.47)

225.0000 03/31/08 10/10/08 12,242.18 17,793.00 (5,550.82)

265.0000 03/31/08 10/16/08 14,365.56 20,956.21 (6,590.65)

UGI CORP NEW 315.0000 03/31/08 10/10/08 6,369.26 7,785.57 (1,416.31)

730.0000 03/31/08 10/16/08 15,227.86 18,042.76 (2,814.90)

US BANCORP (NEW) 430.0000 03/31/08 07/16/08 11,016.53 14,060.99 (3,044.46)

560.0000 03/31/08 10/10/08 16,637.50 18,312.00 (1,674.50)

540.0000 03/31/08 10/16/08 15,779.25 17,658.01 (1,878.76)

UST INC COM 465.0000 03/31/08 07/16/08 24,871.73 25,370.39 (498.66)

VORNADO REALTY TRUST COM 105.0000 03/31/08 07/16/08 9,240 48 9,250 50 (10.02)

55.0000 03/31/08 10/10/08 4,060.36 4,845.50 (785.14)

70.0000 03/31/08 10/16/08 4,287.47 6,167.00 (1,879.53)

VERIZON COMMUNICATNS COM 605.0000 03/31/08 07/16/08 21,314.03 21 ,888.84 (574.81)

345.0000 03/31/08 10/10/08 9,144.30 12,482.06 (3,337.76)

450.0000 03/31/08 10/16/08 11,619.16 16,280.97 (4,661.81)

WELLS FARGO & CO NEW DEL 755.0000 03/31/08 07/16/08 19,773 71 22,309.87 (2,536.16)

605.0000 03/31/08 10/10/08 16,827.37 17,877.45 (1,050.08)

WYETH 215.0000 03/31/08 10/10/08 6,427.71 8,875.20 (2,447.49)

475.0000 03/31/08 10/16/08 14,373.41 19,608.01 (5,234.60)

Subtotal 1,234 ,650.95 1,651,295.43 (416,644.48)


TOTAL CAPITAL GAINS AND LOSSES 1,567,412.07 1,955 , 489.89 (388,077.82)

TOTAL REPORTABLE GROSS PROCEEDS 1,567,412.07

DIFFERENCE 0.00 *


EIN: 39-6786592

2008 FORM 990-PF


1*71Merrill Lynch

RAY & KAY ECKSTEIN





Page17 of 26




SHORT TERM GAINS

TOTAL 28,566.66


2008 FORM 990-PF


SHORT TERM LOSSES

(416,644.48)

LONG TERM GAINS LONG TERM LOSSES

0.00 0.00

6Q Merrill 16ynch

RAY & KAY ECKSTEIN




Page19 of 42

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassify principal distributions as capital gains. The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provide by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID . For purposes of allocatin g original purchaseprice to the components of an equity unit consistin g of a purchase contract and a debt security subject to a remarketing event , we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted, it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor . For select clients, we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSALLSTATE CORP DEL COM 10.0000 04/01/08 05/28/08 502.69 493 . 10 9.59

ALTRIA GROUP INC

APPLERA CP-APPL BIOSYS G

AGILENT TECHNOLOGIES INC

AT& T INC

APPLERA CORP APPD BIOST

BMC SOFTWARE INC

10.0000 04/01/08 05/28/08 221.09 219.99 1.10

60.0000 05/05/08 05/28/08 2,064.59 2,008.58 56.01218.0000 05/05/08 06/23/08 7,422.24 7,297.88 124.36107.0000 05/05/08 06/24/08 3,616.09 3,581.99 34.10112.0000 05/06/08 06/24/08 3,785.07 3,754.69 30.3849.0000 05/06/08 06/25/08 1,652.25 1,642.68 9.57

20.0000 04/01/08 05/28/08 739.39 616.56 122.83280.0000 04/01/08 07/16/08 9,770.85 8,631.92 1,138.93

30.0000 04/01/08 05/28/08 1,180.79 1,178.09 2.70

17.0000 05/06/08 07/16/08 577.34 569.92 7.42179.0000 05/07/08 07/16/08 6,079.08 5,998.72 80.3624.0000 05/09/08 07/16/08 815.08 810.13 4.95

50.0000 04/01/08 05/28/08 1,945.99 1,624.94 321.05450.0000 04/01/08 07/16/08 16,325.86 14,624.46 1,701.40


2008 FORM 990-PF


PAC"Merrill Lynch

RAY & KAY ECKSTEIN




Page20 of 42




BIG LOTS INC COM 30.0000 04/01/08 05/28/08 846.59 691.50 155.09520.0000 04/01/08 07/16/08 15,168.31 11,985.99 3,182.32118.0000 04/01/08 10/13/08 2,941.78 2,719.90 221.88

468.0000 04/01/08 10/14/08 11,058.82 10,787.40 271.42

CAPITAL ONE FINL 68.0000 06/09/08 09/29/08 3,378.51 3,119.19 259.3271.0000 10/13/08 10/14/08 3,136.84 2,666.00 470.84

CITIGROUP INC 358 0000 10/06/08 10/14/08 6,551 72 6,073.72 478.00

CHEVRON CORP 30.0000 04/01/08 05/28/08 2,987.98 2,579.03 408.95280.0000 04/01/08 07/16/08 24,217.09 24,071.04 146.05

CA INC 40.0000 04/01/08 05/28/08 1,032.39 919.08 113.31

COMPUTER SCIENCE CRP 10.0000 04/01/08 05/28/08 483.99 418.98 65.01340.0000 04/01/08 07/16/08 15,333.03 14,245.35 1,087.68

DOVER CORP 20.0000 04/14/08 05/28/08 1,067.19 867.46 199.73124.0000 04/14/08 07/16/08 5,851.53 5,378.28 473.2573.0000 04/15/08 07/16/08 3,444.85 3,200.95 243.9073.0000 04/16/08 07/16/08 3,444.86 3,285.12 159.7450.0000 04/17/08 07/16/08 2,359.50 2,291.60 67.90

ENSCO INTL INC COM 210.0000 05/12/08 07/16/08 15,291.08 14,192.95 1,098.13

ELECTR DATA SYS CORP NEW 640.0000 04/01/08 05/28/08 15,603.17 10,880.00 4,723.17591.0000 04/01/08 07/07/08 14,564.51 10,047.00 4,517.51539.0000 04/01/08 07/08/08 13,291.71 9,163.00 4,128.7110.0000 06/02/08 07/08/08 246.60 244.70 1.90

EXXON MOBIL CORP COM 10.0000 04/01/08 05/28/08 898.79 860.59 38.20

HONEYWELL INTL INC DEL 10.0000 04/01/08 05/28/08 592.39 576.67 15.72


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch

RAY & KAY ECKSTEIN




Page21 of 42




HASBROINC COM 440.0000 04/01/08 07/16/08 15,975.96 12,785.51 3,190.45165.0000 04/01/08 07/28/08 6,349.44 4,794.57 1,554.8772.0000 04/01/08 10/13/08 2,211.82 2,092.17 119.65

163.0000 04/01/08 10/14/08 4,797.94 4,736.47 61.47

HERCULES INC 50.0000 04/01/08 05/28/08 1,000.99 930.77 70.22530.0000 04/01/08 07/16/08 10,484.08 9,866.21 617.87223.0000 04/01/08 07/28/08 4,434.61 4,151.26 283.35223.0000 04/01/08 07/29/08 4,451.70 4,151.26 300.44224.0000 04/01/08 07/30/08 4,489.89 4,169.87 320.02180.0000 04/01/08 07/31/08 3,640.50 3,350.80 289.70

INTL PAPER CO 321.0000 04/01/08 08/04/08 9,148.70 8,991.21 157.49205.0000 04/01/08 08/05/08 5,797.04 5,742.06 54.9840.0000 06/02/08 08/05/08 1,131 13 1,073 20 57.93

KING PHARMACEUTICALS INC 20.0000 04/01/08 05/28/08 204.59 182.80 21.79540.0000 04/01/08 07/16/08 5,999.36 4,935.59 1,063.77

KROGER CO 40.0000 04/01/08 05/28/08 1,100.39 1,028.80 71.59420.0000 04/01/08 07/16/08 12,091.73 10,802.39 1,289.34

MCKESSON CORPORATION COM 10.0000 04/01/08 05/28/08 575.89 536.79 39.10

MARATHON OIL CORP 50.0000 04/01/08 05/28/08 2,555.48 2,275.50 279.98

MEDCO HEALTH SOLUTIONS I 20.0000 04/01/08 05/28/08 954.59 898.10 56.49330.0000 04/01/08 07/16/08 14,985.54 14,818.81 166.7381.0000 04/01/08 09/22/08 3,858.85 3,637.34 221.5184.0000 04/01/08 09/23/08 3,889.23 3,772.06 117.1784.0000 04/01/08 09/24/08 3,827.34 3,772.06 55.2822.0000 04/01/08 09/25/08 1,006.99 987.92 19.07

MERCK&COINC 30.0000 04/01/08 05/28/08 1,154.39 1,145.70 8.69


2008 FORM 990-PF


PAC"Merrill Lynch

RAY & KAY ECKSTEIN




Page22 of 42



NOVELLUS SYS INC 30.0000 04/01/08 05/28/08 697.19 646.80 50.39127.0000 04/01/08 08/11/08 2,863.65 2,738.11 125.54191.0000 04/01/08 08/12/08 4,292.45 4,117.96 174.49

OCCIDENTAL PETE CORP CAL 20.0000 04/01/08 05/28/08 1,832.18 1,487.76 344.42200.0000 04/01/08 07/16/08 15,356.55 14,877.66 478.89

PARKER HANNIFIN CORP 10.0000 04/01/08 05/28/08 821.09 725.28 95.81

RYDER SYSTEM INC 190.0000 07/07/08 07/16/08 12,793.87 12,786.71 7.16

SHERWIN WILLIAMS 163.0000 04/01/08 10/14/08 8,835.12 8,673.23 161.89

UNUM GROUP 60.0000 04/01/08 05/28/08 1,457.99 1,347.53 110.46Subtotal 395,559.89 357,349.41 38,210.48

SHORT TERM CAPITAL LOSSESALLSTATE CORP DEL COM 310.0000 04/01/08 07/16/08 13,658.95 15,286.10 (1,627.15)

168.0000 04/01/08 10/13/08 5,265.09 8,284.08 (3,018.99)302.0000 04/01/08 10/14/08 9,872.92 14,891.62 (5,018.70)66.0000 09/29/08 10/14/08 2,157.67 2,930.73 (773.06)6.0000 09/29/08 10/15/08 184.57 266.43 (81.86)

78.0000 09/29/08 10/16/08 2,088.04 3,463.61 (1,375.57)

ALTRIA GROUP INC 120.0000 04/01/08 07/16/08 2,490.30 2,640.00 (149.70)37.0000 04/01/08 10/13/08 732.22 814.00 (81.78)

106.0000 04/01/08 10/14/08 2,047.13 2,332.00 (284.87)4.0000 04/01/08 10/15/08 73.87 88.00 (14.13)

23.0000 04/01/08 10/16/08 419.74 506.01 (86.27)


2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page23 of 42




AGILENT TECHNOLOGIES INC 122.0000 04/01/08 10/13/08 3,049.09 3,761.05 (711.96)

274.0000 04/01/08 10/14/08 6,732.28 8,446.96 (1,714.68)

6.0000 04/01/08 10/15/08 135.91 184.97 (49.06)

48.0000 04/01/08 10/16/08 1,042.07 1,479.77 (437.70)

10.0000 06/02/08 10/16/08 217.10 370.70 (153.60)

AETNA INC NEW 220.0000 04/01/08 07/16/08 7,605.35 9,613.65 (2,008.30)

92.0000 04/01/08 10/13/08 2,933.86 4,020.25 (1,086.39)

200.0000 04/01/08 10/14/08 6,895.96 8,739.68 (1,843.72)

1.0000 04/01/08 10/15/08 31.47 43.69 (12.22)24.0000 04/01/08 10/16/08 695.99 1,048.78 (352.79)

10.0000 05/28/08 10/16/08 290.00 450.99 (160.99)10.0000 06/02/08 10/16/08 290.00 458.60 (168.60)

AT& T INC 350.0000 04/01/08 07/16/08 11,101.93 13,744.50 (2,642.57)169.0000 04/01/08 10/13/08 4,356.87 6,636.63 (2,279.76)334.0000 04/01/08 10/14/08 8,881.91 13,116.18 (4,234.27)

6.0000 04/01/08 10/15/08 152.69 235.62 (82.93)51.0000 04/01/08 10/16/08 1,253.57 2,002.78 (749.21)

20.0000 06/02/08 10/16/08 491.60 787.40 (295.80)

APPLIED BIOSYSTEMS INC 101.0000 05/09/08 10/13/08 3,13098 3,409.33 (278.35)221.0000 05/09/08 10/14/08 6,838.58 7,460.04 (621.46)

7.0000 05/09/08 10/15/08 208.42 236.29 (27.87)

35.0000 05/09/08 10/16/08 1,032.84 1,181.46 (148.62)10.0000 06/02/08 10/16/08 295.10 348.30 (53.20)

APPLIED MATERIAL INC 10.0000 04/01/08 05/28/08 193.99 200.49 (6.50)

590.0000 04/01/08 07/16/08 10,732.56 11,829.44 (1,096.88)162.0000 04/01/08 10/13/08 2,146.48 3,248.08 (1,101.60)621.0000 04/01/08 10/14/08 8,011.97 12,451.00 (4,439.03)

14.0000 04/01/08 10/15/08 164.27 280.69 (116.42)

123.0000 04/01/08 10/16/08 1,475.99 2,466.15 (990.16)


EIN: 39-6786592

2008 FORM 990-PF


MM

Merril l Lynch

RAY & KAY ECKSTEIN




Page24 of 42



BMC SOFTWARE INC 135.0000 04/01/08 10/13/08 3,645.24 4,387.33453.0000 04/01/08 10/14/08 11,932.63 14,721.9614.0000 04/01/08 10/15/08 350.48 454.9858.0000 04/01/08 10/16/08 1,404.16 1,884.9430.0000 06/02/08 10/16/08 726.30 1,170.60

BIOGEN [DEC INC 10.0000 04/01/08 05/28/08 624.49 638.79220.0000 04/01/08 07/16/08 13,967.72 14,053.5880.0000 04/01/08 09/15/08 3,782.78 5,110.3946.0000 04/01/08 09/16/08 2,216.98 2,938.4749.0000 04/01/08 10/13/08 2,254.47 3,130.11

151.0000 04/01/08 10/14/08 6,966.81 9,645.875.0000 04/01/08 10/15/08 219.09 319.40

19.0000 04/01/08 10/16/08 806.54 1,213.7310.0000 06/02/08 10/16/08 424.50 618.00

BANK OF AMERICA CORP 240.0000 04/01/08 07/16/08 5,116.79 9,649.56

32.0000 04/01/08 10/13/08 743.03 1,286.60

200.0000 04/01/08 10/14/08 5,187.53 8,041.30

28.0000 04/01/08 10/16/08 642.87 1,125.7910.0000 05/28/08 10/16/08 229.60 333.30

BIG LOTS INC COM 16.0000 04/01/08 10/15/08 334.45 368.8048.0000 04/01/08 10/16/08 1,034.39 1,106.41

50.0000 06/02/08 10/16/08 1,077.49 1,533.00

CAPITAL ONE FINL 20.0000 04/28/08 05/28/08 956.62 1,058.24335.0000 04/28/08 07/16/08 12,383.20 17,725.5295.0000 04/29/08 07/16/08 3,511.66 5,088.21170.0000 04/29/08 09/29/08 8,446.24 9,105.24312.0000 06/09/08 10/14/08 13,784.38 14,311.6057.0000 10/13/08 10/16/08 2,110.12 2,140.31


EIN: 39-6786592

2008 FORM 990-PF


(742.09)(2,789.33)(104.50)(480.78)(444.30)

(14.30)(85.86)

(1,327.61)(721.49)(875.64)

(2,679.06)(100.31)(407.19)(193.50)

(4,532.77)(543.57)

(2,853.77)(482.92)(103.70)

(34.35)(72.02)

(455.51)

(101.62)(5,342.32)(1,576.55)(659.00)(527.22)(30.19)

FACIF6ZMerrill Lynch

RAY & KAY ECKSTEIN




Page25 of 42




CITIGROUP INC 888.0000 04/14/08 06/09/08 17,640.81 19,953.63 (2,312.82)30.0000 05/28/08 06/09/08 595.98 637.13 (41.15)

123.0000 10/06/08 10/13/08 1,966.75 2,086.78 (120.03)68.0000 10/06/08 10/16/08 1,035.63 1,153.67 (118.04)

CHEVRON CORP 122.0000 04/01/08 10/13/08 8,110.51 10,488.09 (2,377.58)299.0000 04/01/08 10/14/08 19,963.78 25,704.44 (5,740.66)

5.0000 04/01/08 10/15/08 307.72 429.84 (122.12)54.0000 04/01/08 10/16/08 3,090.93 4,642.28 (1,551.35)10.0000 06/02/08 10/16/08 572.40 992.70 (420.30)

CA INC 780.0000 04/01/08 07/16/08 17,292.81 17,922.06 (629.25)251.0000 04/01/08 10/13/08 4,307.81 5,767.22 (1,459.41)715.0000 04/01/08 10/14/08 12,164 01 16,428.56 (4,264.55)19.0000 04/01/08 10/15/08 299.05 436.56 (137.51)

105.0000 04/01/08 10/16/08 1,534.60 2,412.59 (877.99)40.0000 06/02/08 10/16/08 584.61 1,034.00 (449.39)

CHUBB CORP 310.0000 04/01/08 07/16/08 14,518.76 15,860.74 (1,341.98)86.0000 04/01/08 10/13/08 3,763.33 4,400.08 (636.75)

317.0000 04/01/08 10/14/08 13,974.55 16,218.90 (2,244.35)4.0000 04/01/08 10/15/08 165.03 204.65 (39.62)

63.0000 04/01/08 10/16/08 2,477.77 3,223.32 (745.55)

CIGNA CORP 190.0000 04/01/08 07/16/08 6,380.16 8,239.82 (1,859.66)101.0000 04/01/08 10/13/08 2,702.00 4,380.11 (1,678.11)178.0000 04/01/08 10/14/08 5,263.70 7,719.42 (2,455.72)

1.0000 04/01/08 10/15/08 27.88 43.36 (15.48)30.0000 04/01/08 10/16/08 790.19 1,301.04 (510.85)10.0000 06/02/08 10/16/08 263 40 402.20 (138.80)


EIN: 39-6786592

2008 FORM 990-PF


MM

Merrill Lynch

RAY & KAY ECKSTEIN




Page26 of 42



COMPUTER SCIENCE CRP 113.0000 04/01/08 10/13/08 3,644.39 4,734.48318.0000 04/01/08 10/14/08 10,558.18 13,323.60

6.0000 04/01/08 10/15/08 193.29 251.38

43.0000 04/01/08 10/16/08 1,313.20 1,801.6320.0000 06/02/08 10/16/08 610.80 957.80

DOVER CORP 72.0000 04/17/08 10/13/08 2,431.42 3,299.9115.0000 04/17/08 10/14/08 509.17 687.49

147.0000 04/18/08 10/14/08 4,989.94 6,875.94162.0000 04/21/08 10/14/08 5,499.13 7,560.78

4.0000 04/21/08 10/15/08 125.15 186.68

34.0000 04/21/08 10/16/08 1,023.72 1,586.8430.0000 06/02/08 10/16/08 903.30 1,594.50

ENSCO INTL INC COM 103.0000 05/12/08 10/13/08 4,094.37 6,961.3177.0000 05/12/08 10/14/08 3,073.10 5,204.09

129.0000 05/28/08 10/14/08 5,148.45 9,326.451.0000 05/28/08 10/15/08 35.49 72.29

50.0000 05/28/08 10/16/08 1,704.49 3,614.92

EXXON MOBIL CORP COM 160.0000 04/01/08 07/16/08 12,870.26 13,769.6075.0000 04/01/08 10/13/08 5,256.72 6,454.50

175.0000 04/01/08 10/14/08 12,207.93 15,060.503.0000 04/01/08 10/15/08 195.08 258.18

37.0000 04/01/08 10/16/08 2,317.66 3,184.23

EXPEDIA INC DEL 40.0000 04/01/08 05/28/08 934.39 953.19540.0000 04/01/08 07/16/08 10,623.90 12,868.1487.0000 04/01/08 10/13/08 1,069.22 2,073.20

503.0000 04/01/08 10/14/08 5,859.91 11,986.455.0000 06/02/08 10/14/08 58.25 118.23

16.0000 06/02/08 10/15/08 174.39 378.3599.0000 06/02/08 10/16/08 1,077.11 2,341.10


EIN: 39-6786592

2008 FORM 990-PF


(1,090.09)(2,765.42)

(58.09)(488.43)(347.00)

(868.49)(178.32)

(1,886.00)(2,061.65)

(61.53)(563.12)(691.20)

(2,866.94)(2,130.99)(4,178.00)

(36.80)(1,910.43)

(899.34)(1,197.78)(2,852.57)

(63.10)(866.57)

(18.80)(2,244.24)(1,003.98)(6,126.54)

(59.98)(203.96)

(1,263.99)

Mr,Merrill Lynch

RAY & KAY ECKSTEIN




Page27 of 42


Security Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Ba sis Gain or (Loss)

GAP INC DELAWARE 90.0000 04/01/08 05/28/08 1,619.09 1,830.59 (211.50)

8900000 04/01/08 07/16/08 14,351.52 18,102.60 (3,751.08)

263.0000 04/01/08 10/13/08 3,995.47 5,349.42 (1,353.95)

367.0000 04/01/08 10/14/08 5,207.69 7,464.79 (2,257.10)

247.0000 04/14/08 10/14/08 3,504.91 4,560.26 (1,055.35)

179.0000 04/15/08 10/14/08 2,540.00 3,351.93 (811.93)

19.0000 04/15/08 10/15/08 250.26 355.79 (105.53)

141.0000 04/15/08 10/16/08 1,816.87 2,640.36 (823.49)

30.0000 06/02/08 10/16/08 386 58 537.60 (151.02)

GENERAL ELECTRIC 30.0000 04/01/08 05/28/08 910.19 1,143.60 (233.41)

830.0000 04/01/08 07/16/08 22,683.77 31,639.59 (8,955.82)

141.0000 04/01/08 10/13/08 2,975.36 5,374.92 (2,399.56)

933.0000 04/01/08 10/14/08 18,865.62 35,565.96 (16,700.34)

19.0000 04/01/08 10/15/08 366.35 724.28 (357.93)

157.0000 04/01/08 10/16/08 2,981.41 5,984.85 (3,003.44)

10.0000 06/02/08 10/16/08 189.90 304.70 (114.80)

HONEYWELL INTL INC DEL 210.0000 04/01/08 07/16/08 10,338.24 12,110.11 (1,771.87)

58.0000 04/01/08 10/13/08 1,907.60 3,344.70 (1,437.10)

196.0000 04/01/08 10/14/08 6,346.95 11,302.78 (4,955.83)

5.0000 04/01/08 10/15/08 150.09 288.33 (138.24)

19.0000 04/01/08 10/16/08 565.05 1,095.69 (530.64)

20.0000 06/02/08 10/16/08 594.80 1,165.60 (570.80)

HESS CORP 23.0000 07/28/08 10/13/08 1,316.05 2,212.30 (896.25)

10.0000 07/28/08 10/14/08 576.69 961.88 (385.19)

52.0000 07/29/08 10/14/08 2,998.82 4,887.80 (1,888 98)11.0000 07/30/08 10/14/08 634.37 1,112.21 (477.84)

8.0000 07/31/08 10/14/08 461.36 819.63 (358.27)

17.0000 07/31/08 10/16/08 789.30 1,741.73 (952 43)


EIN: 39-6786592

2008 FORM 990-PF


S Merrill Lynch

RAY & KAY ECKSTEIN




Page28 of 42



HASBROINC COM

HEINZ H J CO PV 25CT

HERCULES INC

HEWLETT PACKARD CO DEL

INTL PAPER CO

JUNIPER NETWORKS INC

JPMORGAN CHASE & CO

257.0000 05/28/08 10/14/08 7,564.86 8,969.30 (1,404.44)13.0000 05/28/08 10/15/08 373.25 453.69 (80.44)60.0000 05/28/08 10/16/08 1,763.38 2,094.01 (330.63)20.0000 06/02/08 10/16/08 587.80 721.40 (133.60)

72.0000 09/02/08 10/13/08 3,264.46 3,735.99 (471.53)205.0000 09/02/08 10/14/08 9,127.36 10,637.20 (1,509.84)

6.0000 09/02/08 10/15/08 254.94 311.33 (56.39)41.0000 09/02/08 10/16/08 1,657.62 2,127.45 (469.83)

30.0000 06/02/08 07/31/08 606.76 612.30 (5.54)

30.0000 04/01/08 05/28/08 1,393.49 1,428.61 (35.12)540.0000 04/01/08 07/16/08 22,814.92 25,715.01 (2,900.09)196.0000 04/01/08 10/13/08 7,995.18 9,333.60 (1,338 42)514.0000 04/01/08 10/14/08 20,709.20 24,476.89 (3,767.69)18.0000 04/01/08 10/15/08 717.15 857.16 (140.01)52.0000 04/01/08 10/16/08 1,968.18 2,476.27 (508.09)

50.0000 06/02/08 10/16/08 1,892.49 2,319.50 (427.01)

40.0000 04/01/08 05/28/08 1,071.19 1,120.40 (49.21)414.0000 04/01/08 06/09/08 10,402 64 11, 596.14 (1,193.50)360.0000 04/01/08 07/16/08 8,183.79 10,083.59 (1,899.80)

435.0000 04/01/08 06/16/08 10,543.51 11,218.60 (675.09)360.0000 04/01/08 07/16/08 8,053.15 9,284.36 (1,231.21)193.0000 04/01/08 07/28/08 4,952.76 4,977.45 (24.69)332.0000 04/01/08 07/29/08 8,413.96 8,562.26 (148.30)20.0000 06/02/08 07/29/08 506.87 533.00 (26.13)

710.0000 04/01/08 07/16/08 24,447.08 32,745.20 (8,298.12)88.0000 04/01/08 09/02/08 3,461.02 4,058.56 (597.54)

409.0000 04/01/08 10/06/08 17,669.27 18,863.07 (1,193.80)46.0000 04/01/08 10/13/08 1,915.42 2,121.52 (206.10)


2008 FORM 990-PF


Merrill Lvnch

RAY & KAY ECKSTEIN




Page29 of 42



JPMORGAN CHASE & CO 257.0000 04/01/08 10/14/08 10,647.90 11,852.85 (1,204.95)15.0000 05/28/08 10/14/08 621.48 630.89 (9.41)8.0000 05/28/08 10/15/08 316.37 336.47 (20.10)

47.0000 05/28/08 10/16/08 1,817.47 1,976.81 (159.34)

KING PHARMACEUTICALS INC 394.0000 04/01/08 10/13/08 3,519.46 3,601.16 (81.70)436.0000 04/01/08 10/14/08 3,906.57 3,985.05 (78.48)30.0000 06/02/08 10/14/08 268.80 307.50 (38.70)

336.0000 09/15/08 10/14/08 3,010.57 3,637.44 (626.87)12.0000 09/16/08 10/14/08 107.53 128.43 (20.90)22.0000 09/16/08 10/15/08 183.73 235.45 (51.72)

175.0000 09/16/08 10/16/08 1,389.58 1,872.98 (483.40)

KROGER CO 160.0000 04/01/08 10/13/08 4,027.60 4,115.20 (87.60)450.0000 04/01/08 10/14/08 11,502.78 11,574.01 (71.23)30.0000 06/02/08 10/14/08 766.85 814.50 (47.65)72.0000 07/28/08 10/14/08 1,840.45 1,959.85 (119.40)54.0000 07/29/08 10/14/08 1,380.34 1,503.50 (123.16)11.0000 07/29/08 10/15/08 274.87 306.27 (31.40)53.0000 07/29/08 10/16/08 1,332.94 1,475.67 (142.73)23.0000 07/30/08 10/16/08 578.44 654.33 (75.89)400000 07/31/08 10/16/08 1,006.00 1,14002 (134.02)

LOCKHEED MARTIN CORP 70.0000 04/01/08 07/16/08 7,072.04 7,076.99 (4.95)24.0000 04/01/08 10/13/08 2,155.42 2,426.40 (270.98)80.0000 04/01/08 10/14/08 7,591.15 8,088.00 (496.85)1.0000 04/01/08 10/15/08 90.39 101.10 (10.71)

15.0000 04/01/08 10/16/08 1,319.09 1,516.51 (197.42)

METLIFE INC COM 180.0000 04/01/08 05/28/08 10,765.82 11,206.80 (44098)290.0000 04/01/08 07/16/08 14,550.69 18,055.40 (3,504.71)177.0000 04/01/08 10/13/08 6,377.31 11,020.01 (4,642.70)213.0000 04/01/08 10/14/08 7,859.65 13,261.39 (5,401.74)


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch

RAY & KAY ECKSTEIN




Page30 of 42



METLIFE INC COM

MCKESSON CORPORATION COM

MARATHON OIL CORP

MEDCO HEALTH SOLUTIONS I

MERCK&CO INC

20.0000 06/02/08 10/14/08 737 .99 1,183.00 (445.01)152.0000 10/06/08 10/14/08 5,608.78 6,382.42 (773.64)

1.0000 10/06/08 10/ 15/08 32 . 93 41.98 (9.05)57.0000 10/06/08 10/ 16/08 1,784 . 09 2,393 . 42 (609.33)

240.0000 04/01/08 07 /16/08 12 , 856.96 12,883.20 (26.24)960000 04/01/08 10/13/08 4,232.61 5 , 153.28 (920.67)104.0000 04/01/08 10/ 14/08 4,636.08 5,582.73 (946.65)130.0000 06/16/08 10/14/08 5,795.11 7 ,331.36 (1,536.25)

7.0000 06/16/08 10/15/08 303 . 80 394.76 (90.96)48.0000 06/16/08 10/16 /08 2,049.10 2,706 . 97 (657.87)

350.0000 04/01/08 07/ 16/08 15 , 130.41 15,928.49 (798.08)171.0000 04 /01/08 10/13/08 5,145 36 7,782.21 (2,636.85)344.0000 04 /01/08 10/14/08 9,914.36 15,655.44 (5,741.08)

2.0000 04/01/08 10/ 15/08 49.49 91.02 (41.53)83.0000 04 /01/08 10/16/08 1 ,977.04 3,777 .34 (1,800.30)

67.0000 04/01/08 10/13/08 2 , 852.84 3,008.67 (155.83)187.0000 04 /01/08 10/14/08 7,646.40 8,397.34 (750.94)

5.0000 04/01/08 10/15/08 193 .79 224 .53 (30.74)20.0000 04/01/08 10/16/08 754.39 898 .12 (143.73)

20.0000 06/02/08 10/16/08 754 . 40 944.60 (190.20)

600.0000 04/01/08 07 / 16/08 21,936.89 22,913.99 (977.10)287.0000 04 /01/08 09/02/08 10,115.71 10,960.53 (844.82)143.0000 04/01/08 10/13/08 4,149.90 5,461.18 (1,311.28)

10.0000 06/02/08 10/14/08 286.31 379.80 (93.49)206.0000 06/23/08 10/14/08 5 , 898.15 7,367.01 (1,468.86)180.0000 06/24/08 10/14/08 5,153.74 6,612.23 (1,458.49)10.0000 06/24/08 10/ 15/08 271 .72 367 .34 (95.62)16.0000 06/24/08 10/16/08 431.19 587 . 76 (156.57)

66.0000 06/25/08 10/16/08 1,778.69 2,424.85 (646.16)


EIN: 39-6786592

2008 FORM 990-PF


6ZMerri l l Lynch

RAY & KAY ECKSTEIN




Page31of42



NORTHROP GRUMMAN CORP 30.0000 04/01/08 05/28/08 2,241.88 2,350.04 (108.16)280.0000 04/01/08 07/16/08 18,555.85 21,933.80 (3,377.95)100.0000 04/01/08 10/13/08 4,438.98 7,833.50 (3,394.52)280.0000 04/01/08 10/14/08 12,715.14 21,933.80 (9,218.66)

6.0000 04/01/08 10/15/08 257.75 470.01 (212.26)44.0000 04/01/08 10/16/08 1,884.94 3,446.75 (1,561.81)10.0000 06/02/08 10/16/08 428.40 741.20 (312.80)

NOVELLUS SYS INC 650.0000 04/01/08 07/16/08 13,458.24 14,014.00 (555.76)136.0000 04/01/08 10/13/08 2,238 55 2,932.16 (693 61)369.0000 04/01/08 10/14/08 5,874.48 7,955.64 (2,081.16)11.0000 04/01/08 10/15/08 163.01 237.16 (74.15)36.0000 04/01/08 10/16/08 520.55 776.17 (255.62)40.0000 06/02/08 10/16/08 578.40 932.40 (354.00)

OCCIDENTAL PETE CORP CAL 100.0000 04/01/08 10/13/08 5,064.98 7,438.83 (2,373.85)222.0000 04/01/08 10/14/08 11,254.91 16,514.21 (5,259.30)51.0000 04/01/08 10/16/08 2,157.79 3,793.81 (1,636.02)

PARKER HANNIFIN CORP 220.0000 04/01/08 07/16/08 14,957.71 15,956.18 (998.47)

102.0000 04/01/08 08/18/08 6,534.40 7,397.86 (863.46)17.0000 04/01/08 08/19/08 1,056.70 1,232.97 (176.27)53.0000 04/01/08 10/13/08 2,371.20 3,843.99 (1,472.79)

120.0000 04/01/08 10/14/08 5,204.14 8,703.38 (3,499.24)2.0000 04/01/08 10/15/08 79.05 145.05 (66.00)6.0000 04/01/08 10/16/08 237.83 435.18 (197.35)

20.0000 06/02/08 10/16/08 792.80 1,669.80 (877.00)

PFIZER INC DEL PV$0.05 110.0000 04/01/08 05/28/08 2,113.38 2,335.30 (221.92)1870.0000 04/01/08 07/16/08 33,846.81 39,700.09 (5,853.28)555.0000 04/01/08 10/13/08 9,151.89 11,782.65 (2,630.76)

1525.0000 04/01/08 10/14/08 26,046.84 32,375.76 (6,328.92)

257.0000 06/09/08 10/14/08 4,389.54 4,643.39 (253.85)35.0000 06/09/08 10/15/08 577.54 632.37 (54.83)

348.0000 06/09/08 10/16/08 5,659.14 6,287.57 (628.43)


EIN: 39-6786592

2008 FORM 990-PFATTACHMENT 1- DETAIL OF CAPITAL GAIN (LOSS)

Merrill Lynch

RAY & KAY ECKSTEIN




Page32 of 42



QWEST COMM INTL INC COM 90.0000 04/01/08 05/28/08 413.99 422.09 (8.10)1410.0000 04/01/08 07/16/08 5,090.07 6,612.90 (1,522.83)746.0000 04/01/08 10/13/08 2,097.66 3,498.74 (1,401.08)

1182.0000 04/01/08 10/14/08 3,465.37 5,543.58 (2,078.21)222.0000 04/01/08 10/16/08 597.26 1,041.19 (443.93)70.0000 06/02/08 10/16/08 188.33 338.79 (150.46)

RAYTHEON CO DELAWARE NEW 20.0000 04/01/08 05/28/08 1,250.39 1,314.19 (63.80)330.0000 04/01/08 07/16/08 18,443.66 21,684.30 (3,240.64)110.0000 04/01/08 10/13/08 5,205.28 7,228.10 (2,022.82)356.0000 04/01/08 10/14/08 17,436.10 23,392.76 (5,956.66)

6.0000 04/01/08 10/15/08 276.60 394.26 (117.66)58.0000 04/01/08 10/16/08 2,621.00 3,811.19 (1,190.19)10.0000 06/02/08 10/16/08 451.90 632.40 (180.50)

RYDER SYSTEM INC 34.0000 07/07/08 10/13/08 1,674.48 2,288.15 (613.67)14.0000 07/08/08 10/13/08 689.50 958.57 (269.07)

197.0000 07/08/08 10/14/08 9,883.42 13,488.54 (3,605.12)30.0000 07/28/08 10/14/08 1,505.09 1,935.71 (430.62)25.0000 07/29/08 10/14/08 1,254.25 1,672.57 (418.32)3.0000 07/29/08 10/15/08 138.47 200.70 (62.23)

20.0000 07/29/08 10/16/08 866.59 1,338.07 (471.48)10.0000 07/30/08 10/16/08 433.29 675.70 (242.41)18.0000 07/31/08 10/16/08 779.94 1,200.57 (420.63)

SUNOCO INC PV$1 PA 10.0000 04/01/08 05/28/08 451.19 540.66 (89.47)160.0000 04/01/08 07/16/08 5,512.12 8,650.67 (3,138.55)70.0000 04/01/08 10/13/08 2,109.08 3,784.67 (1,675.59)

154.0000 04/01/08 10/14/08 4,702.84 8,326.27 (3,623.43)36.0000 04/01/08 10/16/08 890.27 1,946.41 (1,056.14)


EIN: 39-6786592

2008 FORM 990-PF


mc^Merrill Lynch Account No. Taxpayer No. Page

2BL-04062 39-6786592 33 of 42




SHERWIN WILLIAMS 160.0000 04/01/08 07/16/08 7,705.73 8,513.59 (807.86)34.0000 04/01/08 10/13/08 1,794.50 1,809.14 (14.64)3.0000 04/01/08 10/15/08 150.07 159.63 (9.56)

20.0000 04/01/08 10/16/08 1,040.99 1,064.21 (23.22)10.0000 06/02/08 10/16/08 520.50 557.60 (37.10)

TRAVELERS COS INC 390.0000 04/01/08 07/16/08 16,634.73 19,405.89 (2,771.16)140.0000 04/01/08 10/13/08 4,897.73 6,966.21 (2,068.48)334 0000 04/01/08 10/14/08 12,245.21 16,619.41 (4,374.20)

4.0000 04/01/08 10/15/08 137 15 199.03 (61.88)52.0000 04/01/08 10/16/08 1,661.90 2,587.46 (925.56)20.0000 05/28/08 10/16/08 639.20 965.79 (326.59)

UNUM GROUP 690.0000 04/01/08 07/16/08 14,040.45 15,496.64 (1,456.19)180.0000 04/01/08 10/13/08 3,492.33 4,042.61 (550 28)60.0000 05/05/08 10/13/08 1,164.12 1,483.52 (319.40)

513.0000 05/05/08 10/14/08 10,070.39 12,684.19 (2,613.80)121.0000 05/08/08 10/14/08 2,375.28 2,888.65 (513.37)16.0000 05/08/08 10/15/08 291.19 381.97 (90.78)

120.0000 05/08/08 10/16/08 1,832.39 2,864.79 (1,032.40)20.0000 06/02/08 10/16/08 305.40 479.00 (173.60)

VALERO ENERGY CORP NEW 30.0000 04/01/08 05/28/08 1,466.09 1,530.00 (63.91)160.0000 04/01/08 07/16/08 5,134.45 8,160.00 (3,025.55)72.0000 04/01/08 10/13/08 1,527.83 3,672.00 (2,144.17)

159.0000 04/01/08 10/14/08 3,415.38 8,109.00 (4,693.62)27.0000 04/01/08 10/16/08 449.81 1,377.01 (927.20)10.0000 06/02/08 10/16/08 166 60 522.50 (355.90)


2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page34 of 42



WATSON PHARMACEUTICALS 82.0000 09/22/08 10/13/08 1,846.62 2,405.95 (559.33)49.0000 09/22/08 10/14/08 1,135.09 1,437.71 (302.62)131.0000 09/23/08 10/14/08 3,034.65 3,867.98 (833.33)99.0000 09/24/08 10/14/08 2,293.37 2,877.93 (584.56)7.0000 09/24/08 10/15/08 153.64 203.48 (49.84)

26.0000 09/24/08 10/16/08 555.35 755.83 (200.48)29.0000 09/25/08 10/16/08 619.44 849.20 (229.76)

XEROX CORP 90.0000 04/01/08 05/28/08 1,218.64 1,369.80 (151.16)1200.0000 04/01/08 07/16/08 15,996.99 18,264.00 (2,267.01)363.0000 04/01/08 10/13/08 3,031.21 5,524.86 (2,493.65)

1201.0000 04/01/08 10/14/08 10,101.43 18,279.22 (8,177.79)31.0000 04/01/08 10/15/08 254.81 471.82 (217.01)

165.0000 04/01/08 10/16/08 1,319.98 2,511.30 (1,191.32)60.0000 06/02/08 10/16/08 480.00 798.57 (318.57)

XILINX INC 118.0000 07/28/08 10/13/08 2,482.93 2,867.68 (384.75)

58.0000 07/29/08 10/13/08 1,220.43 1,448.60 (228.17)134.0000 07/29/08 10/14/08 2,815.68 3,346.77 (531.09)

38.0000 07/30/08 10/14/08 798.47 944.98 (146.51)106.0000 07/31/08 10/14/08 2,227.33 2,660.00 (432.67)115.0000 08/11/08 10/14/08 2,416.45 3,115.05 (698.60)70.0000 08/12/08 10/14/08 1,470.89 1,923.08 (452.19)11.0000 08/12/08 10/15/08 216.68 302.19 (85.51)94.0000 08/12/08 10/16/08 1,873.40 2,582.44 (709.04)

WASTE MANAGEMENT INC NEW 182.0000 08/04/08 10/13/08 5,536.49 6,564.76 (1,028.27)

81.0000 08/04/08 10/14/08 2,472.95 2,921 68 (448.73)194.0000 08/05/08 10/14/08 5,922.88 7,007.77 (1,084.89)137.0000 08/18/08 10/14/08 4,182.66 4,801.86 (619.20)

9.0000 08/18/08 10/15/08 270.01 315.45 (45.44)56.0000 08/18/08 10/16/08 1,628.46 1,962.81 (334.35)32.0000 08/19/08 10/16/08 930.56 1,106.57 (176.01)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lynch

RAY & KAY ECKSTEIN



Page35 of 42




WELLS FARGO & CO NEW DEL 51.0000 09/29/08 10/13/08 1,506.02 1,891.40 (385.38)207.0000 09/29/08 10/14/08 6,768.96 7,676.86 (907.90)

4.0000 09/29/08 10/15/08 136.65 148.34 (11.69)35.0000 09/29/08 10/16/08 1,153.59 1,298.03 (144.44)

WELLPOINT INC 240.0000 04/01/08 07/16/08 10,708.74 11,015.99 (307.25)106.0000 04/01/08 10/13/08 4,332.48 4,865.40 (532.92)232.0000 04/01/08 10/14/08 10,328.77 10,648.80 (320.03)

2.0000 04/01/08 10/15/08 82.18 91.80 (9.62)50.0000 04/01/08 10/16/08 1,944.48 2,295.01 (350.53)

Subtotal 1,494 , 861.74 1,911,919.02 (417,057.28)

NET SHORT TERM CAPITAL GAIN (LOSS) (378,846.80)TOTAL CAPITAL GAINS AND LOSSES 1,890,421.63 2 , 269,268 . 43 (378 ,846.80)TOTAL REPORTABLE GROSS PROCEEDS 1,890,421.63

DIFFERENCE 0.00

Note. Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g , liquidation offractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).



TOTAL 38,210.48


EIN: 39-6786592

2008 FORM 990-PF



(417,057.28) 0.00 0.00

MR

Merrill Lvnch

KAY & KAY ECKSTEIN




Page21of49

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral , or wash sales adjustments . RICs (which may includemutual funds and unit investment trusts) may reclassif principal distributions as capital gains. The cost basis for these securities may not have been ad j usted on your statement to reflect suchreclassifications . Please refer to information provided by the RIC and discuss with your fax advisor . Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID . For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your or g inal cost and the amount allocable to the debt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received. In calculating gain (loss), unless otherwise noted it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience . Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor . For select clients, we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSABBOTT LABS 358.0000 03/31/08 07/17/08 20,563.40 19,795.89 767.51

197.0000 03/31/08 09/03/08 11,418.33 10,893.27 525.06

ADOBE SYS DEL PV$ 0.001 27.0000 03/31/08 05/27/08 1,123.19 962.59 160.60248.0000 03/31/08 07/08/08 9,731.19 8,841.59 889.60243.0000 03/31/08 07/17/08 9,973.27 8,663.34 1,309.93

ABB LTD SPON ADR 23.0000 03/31/08 05/27/08 743.58 619.13 124.45360.0000 03/31/08 07/17/08 10,112.34 9,690.73 421.61

AMERICAN TOWER CORP CL A 32.0000 03/31/08 05/27/08 1,403.83 1,249.21 154.62378.0000 03/31/08 07/17/08 15,049.11 14,756.32 292.79283.0000 03/31/08 08/18/08 11,791.32 11,047.73 743.59

AMDOCS LIMITED 21.0000 03/31/08 05/27/08 651.16 595.47 55.69331.0000 03/31/08 07/17/08 9,765.63 9,385.77 379.86

APPLE INC 13.0000 03/31/08 05/27/08 2,390.42 1,864.98 525.4448.0000 03/31/08 06/13/08 8,296.80 6,886.07 1,410.73136.0000 03/31/08 07/17/08 23,629.87 19,510.56 4,119.31


EIN: 39-6786592

2008 FORM 990-PF


FACIIMerrill Lvnch

KAY & KAY ECKSTEIN




Page22 of 49




BAXTER INTERNTL INC 24.0000 03/31/08 05/27/08 1,440.95 1,386.72 54.23160.0000 03/31/08 07/09/08 10,438 80 9,244.79 1,194.01253.0000 03/31/08 07/17/08 17,011.62 14,618.34 2,393.2889.0000 03/31/08 08/18/08 6,239.74 5,142.42 1,097.3290.0000 03/31/08 10/14/08 5,425.16 5,200.20 224.96

77.0000 03/31/08 10/16/08 4,611.76 4,449.07 162.69

CITRIX SYSTEMS INC COM 15.0000 03/31/08 05/27/08 506.69 445.79 60.90146.0000 03/31/08 06/26/08 4,400.59 4,339.12 61.47

CVS CAREMARK CORP 26.0000 03/31/08 05/27/08 1,087.05 1,055.46 31.59

CANADIAN NATURAL RES LTD 19.0000 03/31/08 05/27/08 1,892.95 1,269.58 623.3796.0000 03/31/08 07/09/08 8,683.71 6,414.72 2,268.99

158.0000 03/31/08 07/17/08 13,79808 10,557.55 3,240.53

COSTCO WHOLESALE CRP DEL 14.0000 03/31/08 05/27/08 1,011.49 911.95 99.54127.0000 03/31/08 05/29/08 9,262.30 8,272.76 989.54178.0000 03/31/08 06/11/08 12,272.21 11,594.90 677.31141.0000 03/31/08 06/12/08 9,816.13 9,184.74 631.39

COVIDIEN LTD 83.0000 05/09/08 09/26/08 4,548.67 4,052 77 495.90

CISCO SYSTEMS INC COM 32.0000 03/31/08 05/27/08 811.19 779.51 31.68

DANAHER CORP DEL COM 152.0000 03/31/08 07/17/08 12,350.16 11,606.29 743.87

E M C CORPORATION MASS 43.0000 03/31/08 05/27/08 735.72 619.63 116.09

EBAY INC COM 19.0000 03/31/08 05/27/08 578.54 566.95 11.59

EXELON CORPORATION 13.0000 03/31/08 05/27/08 1,168.95 1,052.74 116.21162.0000 03/31/08 07/17/08 13,523.73 13,118.76 404.97


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch

KAY & KAY ECKSTEIN




Pa e23 of 49




EMERSON ELEC CO 13.0000 03/31/08 05/27/08 734.23 670.49 63.74

411.0000 03/31/08 06/24/08 21,233 03 21,197.82 35.21

FPL GROUP INC 15.0000 03/31/08 05/27/08 985.04 940.72 44.32

207.0000 03/31/08 07/17/08 13,428.32 12,981.94 446.38

FIRSTENERGY CORP 8.0000 03/31/08 05/27/08 623.83 548.39 75 44

117.0000 03/31/08 07/17/08 9,047.55 8,020.35 1,027.20

44.0000 03/31/08 08/06/08 3,056.69 3,016.20 40.49

FOMENTO ECNMCO MEX SPADR 203.0000 03/31/08 05/27/08 9,332.38 8,511.22 821.16

135.0000 03/31/08 07/17/08 6,147.19 5,660.17 487.02

GENENTECH INC NEW 13.0000 06/02/08 10/16/08 1,039.58 955.36 84.22

GOOGLE INC CL A 1.0000 03/31/08 05/27/08 557.04 438.67 118.37

34.0000 03/31/08 07/17/08 18,017.17 14,915.12 3,102.05

GENZYME CORPORATION 154.0000 05/19/08 07/17/08 12,180.30 10,593.33 1,586.97

33.0000 05/19/08 10/14/08 2,377.31 2,270.01 107.3041.0000 05/20/08 10/14/08 2,953.63 2,830.26 123.37

GILEAD SCIENCES INC COM 20.0000 03/31/08 05/27/08 1,064.39 1,025.99 38.40297.0000 03/31/08 07/17/08 16,263.65 15,236.07 1,027.58

INTEL CORP 53.0000 03/31/08 05/27/08 1,247.08 1,126.24 120.84

INTL BUSINESS MACHINES 6.0000 04/15/08 05/27/08 754.37 701.82 52.55

153.0000 04/15/08 07/17/08 19,161.84 17,896.47 1,265.37

JOHNSON AND JOHNSON COM 203.0000 03/31/08 07/17/08 13,747.63 13,184.85 562.78

KOHLS CORP WISC PV 1CT 281.0000 07/18/08 09/19/08 14,353.67 12,055.38 2,298.29


EIN: 39-6786592

2008 FORM 990-PF


MCI,

Merrill Lvnch

KAY & KAY ECKSTEIN




Page24 of 49




KROGER CO 37.0000 03/31/08 05/27/08 1,004 54 941.60 62.94497.0000 03/31/08 07/17/08 14,299.54 12,648.10 1,651.44104.0000 03/31/08 07/24/08 2,885.17 2,646.68 238.49

220.0000 03/31/08 08/19/08 6,269.96 5,598.76 671.20391.0000 03/31/08 09/05/08 10,540.82 9,950.54 590.28

LOCKHEED MARTIN CORP 11.0000 03/31/08 05/27/08 1,179.74 1,092.94 86.80151.0000 03/31/08 07/17/08 15,038.00 15,003.18 34.82

MONSANTO CO NEW DEL COM 11.0000 03/31/08 05/27/08 1,307.34 1,190.47 116.8781.0000 03/31/08 07/08/08 9,535.77 8,766.20 769.57102.0000 03/31/08 07/17/08 12,192.19 11,038.93 1,153.26

MCDONALDS CORP COM 16.0000 03/31/08 05/27/08 928.15 895.02 33.13257.0000 03/31/08 07/17/08 15,281.46 14,376.40 905.06102.0000 03/31/08 08/07/08 6,308.72 5,705.81 602.91

MEDTRONIC INC COM 14.0000 03/31/08 05/27/08 701.11 670.17 30.94

182.0000 03/31/08 07/17/08 9,837.26 8,712.34 1,124.92

NEWS CORP CL A 42.0000 03/31/08 05/27/08 788.33 785.39 2.94

NORTHN TRUST CORP 10.0000 03/31/08 05/27/08 745.59 667.68 77.91124.0000 03/31/08 07/17/08 9,194.55 8,279.26 915.29

OCCIDENTAL PETE CORP CAL 15.0000 03/31/08 05/27/08 1,375.79 1,087.03 288.76157.0000 03/31/08 07/17/08 12,088.21 11,377.60 710.61

OMNICOM GROUP COM 9.0000 03/31/08 05/27/08 434.06 399.22 34.84

ORACLE CORP $0.01 DEL 59.0000 03/31/08 05/27/08 1,321.16 1,154.62 166.54753.0000 03/31/08 07/17/08 15,392.59 14,736.13 656.46

PETRLEO BRAS VTG SPD ADR 18.0000 03/31/08 05/27/08 1,267.01 905.60 361.41198.0000 03/31/08 07/17/08 11,711.04 9,961.70 1,749.34


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

KAY & KAY ECKSTEIN




Page25 of 49



PRECISION CASTPARTS 7.0000 03/31/08 05/27/08 818.64 716.79 101.8532.0000 03/31/08 06/25/08 3,31005 3,276.80 33.25

QUALCOMM INC 17.0000 03/31/08 05/27/08 828.57 691.55 137.02366.0000 03/31/08 07/17/08 16,811.56 14 ,888.88 1 ,922.68114.0000 03/31/08 07/17/08 5,242.82 4,637.53 605.29

RANGE RESOURCES CORP DEL 9.0000 05/01/08 05/27/08 609.38 578.85 30.53

SCHLUMBERGER LTD 13.0000 03/31/08 05/27/08 1,31520 1,118.65 196.55196.0000 03/31/08 07/17/08 19,286.29 16,865.80 2,420.49

SPECTRA ENERGY CORP 412.0000 03/31/08 05/27/08 11,095.09 9,355.15 1,739.94

TRANSOCEAN INC 3.0000 04/17/08 05/27/08 460.73 454.11 6 62

UNITED TECHS CORP COM 8.0000 03/31/08 05/27/08 561.59 550.63 10.96

XTO ENERGY INC 172.0000 03/31/08 05/27/08 10,844.62 10,486.83 357.79

Subtotal 679,378.19 617,637.22 61,740.97

SHORT TERM CAPITAL LOSSESABBOTT LABS 23.0000 03/31/08 05/27/08 1,251.19 1,271.80 (20.61)

126.0000 03/31/08 10/10/08 6,233.57 6,967.28 (733.71)63.0000 03/31/08 10/14/08 3,459.36 3,483.64 (24.28)

21.0000 06/02/08 10/14/08 1,153.12 1,163.74 (10.62)21.0000 07/09/08 10/14/08 1,153.12 1,210.13 (57.01)

120.0000 07/09/08 10/16/08 6,597.57 6,915.04 (317.47)


EIN: 39-6786592

2008 FORM 990-PF


FACIIMerrill Lvnch

KAY & KAY ECKSTEIN




Page26 of 49

Security Descnotion Quantity



ADOBE SYS DEL PV$ 0.001 142.0000 03/31/08 10/10/08 3,904.97 5,062.53 (1,157.56)

140.0000 03/31/08 10/14/08 4,11317 4,991.22 (878.05)

61.0000 03/31/08 10/16/08 1,684.81 2,174.76 (489.95)

25.0000 06/02/08 10/16/08 690.50 1,076.21 (385.71)

69.0000 09/18/08 10/16/08 1,905.78 2,626.33 (720.55)

ABB LTD SPON ADR 197.0000 03/31/08 10/10/08 2,831.93 5,302.98 (2,471.05)

148.0000 03/31/08 10/14/08 2,483.67 3,983.97 (1,500.30)

18.0000 06/02/08 10/14/08 302.07 579.65 (277.58)

3.0000 06/02/08 10/16/08 44.49 96.61 (52.12)184.0000 07/14/08 10/16/08 2,728.89 4,992.31 (2,263.42)

AMERICAN TOWER CORP CL A 165.0000 03/31/08 10/10/08 4,900.64 6,441.26 (1,540.62)19.0000 04/18/08 10/10/08 564.32 781.43 (217 11)81.0000 04/18/08 10/14/08 2,657 89 3,331.37 (673.48)

26.0000 06/02/08 10/14/08 853.15 1,167.63 (314.48)

50.0000 09/08/08 10/14/08 1,640.68 1,958.91 (318.23)89.0000 09/08/08 10/16/08 2,808.09 3,486.86 (678.77)

91.0000 09/10/08 10/16/08 2,871.21 3,507.22 (636.01)

AMDOCS LIMITED 178.0000 03/31/08 10/10/08 4,246.23 5,047.33 (801.10)

151.0000 03/31/08 10/14/08 3,740.44 4,281.72 (541.28)

146.0000 03/31/08 10/16/08 3,393.60 4,139.96 (746.36)

23.0000 06/02/08 10/16/08 534.61 728.87 (194.26)

AETNA INC NEW 99.0000 09/29/08 10/10/08 2,659.55 3,657.98 (998.43)93.0000 09/29/08 10/14/08 3,263.35 3,436.29 (172.94)

104.0000 09/29/08 10/16/08 3,163.66 3,842.75 (679.09)

APPLE INC 39.0000 03/31/08 09/19/08 4,848.88 5,594.94 (746.06)28.0000 03/31/08 09/23/08 3,780.24 4,016.88 (236.64)

20.0000 03/31/08 09/29/08 2,202.11 2,869.20 (667.09)

42.0000 03/31/08 10/10/08 4,094.08 6,025.32 (1,931.24)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

KAY & KAY ECKSTEIN




Page27 of 49

Security Descnrtion Quantity



APPLE INC 37.0000 03/31/08 10/14/08 3,950.83 5,308.02 (1,357 19)10.0000 03/31/08 10/16/08 991.09 1,434.61 (443.52)18.0000 04/18/08 10/16/08 1,783.96 2,907.76 (1,123.80)12.0000 06/02/08 10/16/08 1,189.32 2,221.92 (1,032.60)

APPLIED MATERIAL INC 60.0000 03/31/08 05/27/08 1,165.19 1,171.19 (6.00)

800.0000 03/31/08 07/09/08 14,369.59 15,615.92 (1,246.33)

427.0000 03/31/08 07/17/08 7,835.40 8,334.99 (499.59)173.0000 03/31/08 09/11/08 2,839.62 3,376.94 (537.32)113.0000 03/31/08 09/26/08 1,810.67 2,205.76 (395.09)294.0000 04/24/08 09/26/08 4,710.97 5,674.94 (963.97)55.0000 06/02/08 09/26/08 881.31 1,065.90 (184.59)

BAXTER INTERNTL INC 106.0000 03/31/08 10/10/08 5,997.23 6,124.68 (127.45)24.0000 06/02/08 10/16/08 1,437.44 1,449.36 (11.92)

BECTON DICKINSON CO 13.0000 03/31/08 05/27/08 1,096.54 1,115.45 (18.91)177.0000 03/31/08 07/17/08 14,757.34 15,187.34 (430.00)95.0000 03/31/08 10/10/08 6,502.71 8,151.40 (1,648.69)

82.0000 03/31/08 10/14/08 6,120.65 7,035.94 (915.29)78.0000 03/31/08 10/16/08 5,482.58 6,692.74 (1,210.16)13.0000 06/02/08 10/16/08 913.77 1,089.90 (176.13)

CITRIX SYSTEMS INC COM 164.0000 03/31/08 07/02/08 4,798.18 4,874.08 (75.90)228.0000 03/31/08 07/08/08 6,432.48 6,776.17 (343.69)17.0000 06/02/08 07/08/08 479.62 576.61 (96.99)

CVS CAREMARK CORP 345.0000 03/31/08 07/17/08 13,199.69 14,005.17 (805.48)499.0000 03/31/08 09/24/08 16,576.58 20,256.76 (3,680.18)24.0000 06/02/08 09/24/08 797.28 1,019.75 (222.47)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lvnch

KAY & KAY ECKSTEIN




Page28 of 49



CANADIAN NATURAL RES LTD 19.0000 03/31/08 10/02/08 1,172.57 1,269.58 (97.01)100.0000 03/31/08 10/10/08 4,113.65 6,682.00 (2,568.35)83.0000 03/31/08 10/14/08 3,885.53 5,546.06 (1,660.53)

28.0000 03/31/08 10/16/08 1,096.30 1,870.97 (774.67)13.0000 06/02/08 10/16/08 508.99 1,275.59 (766.60)33.0000 09/25/08 10/16/08 1,292.08 2,642.67 (1,350.59)20.0000 09/30/08 10/16/08 783.08 1,349.03 (565.95)

COSTCO WHOLESALE CRP DEL 8.0000 06/02/08 06/12/08 556.95 561 20 (4.25)55.0000 07/30/08 10/02/08 3,420.90 3,458.65 (37.75)65.0000 07/30/08 10/10/08 3,487.88 4,087.51 (599.63)69.0000 07/30/08 10/14/08 4,047.63 4,339.05 (291.42)40.0000 08/07/08 10/16/08 2,295.98 2,639.42 (343.44)32.0000 10/07/08 10/16/08 1,836.79 1,926.76 (89.97)

COVIDIEN LTD 13.0000 05/09/08 05/27/08 629.58 634.77 (5.19)247.0000 05/09/08 07/17/08 11,821.35 12,060.63 (239.28)90.0000 05/09/08 10/10/08 3,905.20 4,394.57 (489.37)

12.0000 06/02/08 10/10/08 520.70 597.60 (76.90)6.0000 07/09/08 10/10/08 260.35 287.99 (27.64)

87.0000 07/09/08 10/14/08 4,117.00 4,175.99 (58.99)100.0000 07/09/08 10/16/08 4,566.07 4,800.00 (233.93)

CHUBB CORP 90.0000 09/19/08 10/10/08 3,517.48 5,460.12 (1,942.64)

73.0000 09/19/08 10/14/08 3,280.02 4,428.76 (1,148.74)28.0000 09/19/08 10/16/08 1,157.68 1,698.71 (541.03)55.0000 09/25/08 10/16/08 2,274.04 2,926.65 (652.61)

CISCO SYSTEMS INC COM 419.0000 03/31/08 07/17/08 8,870.22 10,206.84 (1,336.62)221.0000 03/31/08 10/10/08 3,887.67 5,383.56 (1,495.89)200.0000 03/31/08 10/14/08 3,689.99 4,872.00 (1,182.01)182.0000 03/31/08 10/16/08 3,183.17 4,433.53 (1,250.36)

30.0000 06/02/08 10/16/08 524.70 792.30 (267.60)


EIN: 39-6786592

2008 FORM 990-PF


S Merrill Lynch

KAY & KAY ECKSTEIN




Page29 of 49



COCA COLA COM 33.0000 03/31/08 05/27/08 1,924.87 2,014.64 (89.77)351.0000 03/31/08 07/17/08 17,686 83 21,428.55 (3,741.72)188.0000 03/31/08 10/10/08 8,050.11 11,477.40 (3,427.29)149.0000 03/31/08 10/14/08 6,490.70 9,096.46 (2,605.76)14.0000 04/07/08 10/14/08 609.87 846.37 (236.50)38.0000 04/07/08 10/15/08 1,741.62 2,297.29 (555.67)

119.0000 04/07/08 10/16/08 5,296.65 7,194.16 (1,897.51)

24.0000 06/02/08 10/16/08 1,068.24 1,358.40 (290.16)

COLGATE PALMOLIVE 13.0000 03/31/08 05/27/08 944.31 1,011.01 (66.70)161.0000 03/31/08 07/17/08 11,204.16 12,520.97 (1,316.81)85.0000 03/31/08 10/10/08 5,233.40 6,610.45 (1,377.05)85.0000 03/31/08 10/14/08 5,429.00 6,610.45 (1,181.45)62.0000 03/31/08 10/16/08 3,840.96 4,821.75 (980.79)11.0000 06/02/08 10/16/08 681 46 801.46 (120.00)22.0000 10/07/08 10/16/08 1,362.93 1,610.25 (247.32)

CONAGRA FOODS INC 291.0000 07/09/08 07/17/08 6,097.20 6,106.75 (9.55)273.0000 07/09/08 10/10/08 4,867.56 5,729.01 (861.45)

173.0000 07/09/08 10/14/08 3,211.02 3,630.48 (419.46)61.0000 07/24/08 10/14/08 1,132.22 1,332.03 (199.81)97.0000 07/24/08 10/16/08 1,74908 2,118.17 (369.09)161.0000 09/12/08 10/16/08 2,903.12 3,218.92 (315.80)

CUMMINS INC COM 124.0000 06/23/08 07/17/08 8,187.10 9,009.33 (822.23)9.0000 06/23/08 09/29/08 371.27 653.90 (282.63)

160.0000 06/23/08 09/30/08 6,814.09 11,624.95 (4,810.86)

DANAHER CORP DEL COM 14.0000 03/31/08 05/27/08 1,055.45 1,069.00 (13.55)82.0000 03/31/08 10/10/08 4,493.43 6,261.29 (1,767.86)11.0000 03/31/08 10/14/08 669.60 839.93 (170.33)59.0000 04/18/08 10/14/08 3,591.54 4,465.72 (874.18)67.0000 04/18/08 10/16/08 3,850.56 5,071.26 (1,220.70)11.0000 06/02/08 10/16/08 632.19 850.85 (218.66)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

KAY & KAY ECKSTEIN




Page30 of 49




DEERE CO 13.0000 03/31/08 05/27/08 1,033.62 1,041.69 (8.07)112.0000 03/31/08 07/17/08 7,520.75 8,974.56 (1,453.81)90.0000 03/31/08 10/10/08 3,337.57 7,211.70 (3,874.13)23.0000 03/31/08 10/14/08 962.15 1,842.99 (880.84)50.0000 04/18/08 10/14/08 2,091.63 4,734.23 (2,642.60)7.0000 06/02/08 10/14/08 292.83 567.70 (274.87)

1.0000 08/13/08 10/14/08 41.84 64 80 (22.96)94.0000 08/13/08 10/16/08 3,617.48 6,091.51 (2,474.03)

E M C CORPORATION MASS 599.0000 03/31/08 07/17/08 7,565.38 8,631.58 (1,066.20)861.0000 03/31/08 07/23/08 11,663.29 12,407.02 (743.73)42.0000 06/02/08 07/23/08 568.95 727.44 (158.49)

EBAY INC COM 644.0000 03/31/08 06/13/08 18,229.27 19,216.90 (987.63)18.0000 06/02/08 06/13/08 509.52 526.50 (16.98)

EATON CORP 63.0000 05/30/08 07/14/08 4,996.07 6,078.68 (1,082.61)

91.0000 05/30/08 07/17/08 6,595.19 8,780.32 (2,185.13)122.0000 05/30/08 09/24/08 7,321.55 11,771.44 (4,449.89)10.0000 06/02/08 09/24/08 600.13 950.66 (350.53)

EXELON CORPORATION 86.0000 03/31/08 10/10/08 3,966.34 6,964.27 (2,997.93)74.0000 03/31/08 10/14/08 4,066.38 5,992.52 (1,926.14)70.0000 03/31/08 10/16/08 3,589.25 5,668.61 (2,079.36)13.0000 06/02/08 10/16/08 666.58 1,133.96 (467.38)

ELECTRONIC ARTS INC DEL 12.0000 04/04/08 05/27/08 590.51 625.04 (34.53)

161.0000 04/04/08 07/17/08 7,666.79 8,386.02 (719.23)84.0000 04/04/08 10/10/08 2,338.57 4,375.31 (2,036.74)76.0000 04/04/08 10/14/08 2,242.12 3,958.62 (1,716.50)69.0000 04/04/08 10/16/08 1,868.18 3,594.02 (1,725.84)12.0000 06/02/08 10/16/08 324.91 586.75 (261.84)

EMERSON ELEC CO 11.0000 06/02/08 06/24/08 568.29 631.03 (62.74)


EIN: 39-6786592

2008 FORM 990-PF


FACIIS Merrill Lynch

KAY & KAY ECKSTEIN




Page31 of 49



FPL GROUP INC 109.0000 03/31/08 08/06/08 6,274.80 6,835.90 (561.10)76.0000 03/31/08 10/10/08 2,83098 4,766.32 (1,935.34)60.0000 03/31/08 10/14/08 2,529.00 3,762.88 (1,233.88)54.0000 03/31/08 10/16/08 2,168.62 3,386.60 (1,217.98)14.0000 06/02/08 10/16/08 562.24 928.26 (366.02)

FIRSTENERGY CORP 124.0000 03/31/08 09/09/08 8,319 49 8,500.21 (180.72)8.0000 06/02/08 09/09/08 536.75 624.23 (87.48)

FOMENTO ECNMCO MEX SPADR 95.0000 03/31/08 10/10/08 2,515 11 3,983.08 (1,467.97)86.0000 03/31/08 10/14/08 2,685.61 3,605.74 (920.13)13.0000 03/31/08 10/16/08 348.98 545.06 (196.08)10.0000 06/02/08 10/16/08 268.45 462.63 (194.18)40.0000 09/11/08 10/16/08 1,073.80 1,799.12 (725.32)31.0000 09/15/08 10/16/08 832.20 1,390.34 (558.14)

FRANKLIN RES INC 86.0000 07/23/08 10/06/08 6,557.77 8,373.95 (1,816.18)39.0000 07/23/08 10/07/08 2,890.41 3,797.49 (907.08)18.0000 09/10/08 10/07/08 1,334.04 1,748.13 (414.09)

GOLDMAN SACHS GROUP INC 52.0000 10/14/08 10/16/08 5,693.96 6,395.13 (701.17)

GENENTECH INC NEW 14.0000 03/31/08 05/27/08 958.85 1,132.67 (173.82)186.0000 03/31/08 07/17/08 14,982.32 15,048.46 (66.14)99.0000 03/31/08 10/10/08 7,233.62 8,009.66 (776.04)87.0000 03/31/08 10/14/08 6,967.21 7,038.80 (71.59)82.0000 03/31/08 10/16/08 6,557.35 6,634.28 (76.93)

GOLDCORP INC 110.0000 09/25/08 10/10/08 2,803.50 3,828.41 (1,024.91)93.0000 09/25/08 10/14/08 2,407.28 3,236.75 (829 47)103.0000 09/25/08 10/16/08 2,131.05 3,584.80 (1,453.75)

GENERAL MILLS 50.0000 10/15/08 10/16/08 3,180.03 3,291.48 (111.45)


EIN: 39-6786592

2008 FORM 990-PF


MCI,

S Merrill Lynch

KAY & KAY ECKSTEIN




Page32 of 49




GOOGLE INC CL A 7.0000 03/31/08 09/11/08 2,959.41 3,070.76 (111.35)4.0000 03/31/08 10/10/08 1,313.44 1,754.73 (441.29)6.0000 04/18/08 10/10/08 1,970.17 3,229.99 (1,259.82)1.0000 06/02/08 10/10/08 328.36 573.77 (245.41)4.0000 06/13/08 10/10/08 1,313.46 2,293.03 (979.57)

11.0000 06/13/08 10/14/08 3,993.08 6,305.84 (2,312.76)4.0000 06/25/08 10/14/08 1,452.03 2,214.97 (762.94)

15.0000 06/25/08 10/16/08 5,065.77 8,306.17 (3,240.40)

GENZYME CORPORATION 15.0000 05/19/08 05/27/08 1,022.24 1,031.81 (9.57)82.0000 05/19/08 10/10/08 5,337.61 5,640.61 (303.00)67.0000 05/20/08 10/16/08 4,359.53 4,625.06 (265.53)

11.0000 06/02/08 10/16/08 715.75 740.63 (24.88)

GILEAD SCIENCES INC COM 176.0000 03/31/08 10/10/08 6,756.32 9,028.78 (2,272.46)158.0000 03/31/08 10/14/08 6,609.38 8,105.38 (1,496.00)100.0000 03/31/08 10/16/08 4,106.57 5,130.00 (1,023.43)20.0000 06/02/08 10/16/08 821.31 1,087.40 (266.09)

51.0000 09/25/08 10/16/08 2,094.37 2,424.12 (329.75)

HEWLETT PACKARD CO DEL 264.0000 06/05/08 07/17/08 11,301.90 12,692.14 (1,390.24)206.0000 06/05/08 10/10/08 8,151.10 9,903.71 (1,752.61)180.0000 06/05/08 10/14/08 7,304.67 8,653.74 (1,349.07)15.0000 06/05/08 10/16/08 581.69 721.15 (139.46)

115.0000 08/04/08 10/16/08 4,459.67 5,096.43 (636.76)72.0000 09/25/08 10/16/08 2,792.15 3,374.62 (582.47)

INTEL CORP 689.0000 03/31/08 07/17/08 14,628.62 14,641.18 (12 56)559.0000 03/31/08 09/10/08 11,457.64 11,878.69 (421.05)431.0000 03/31/08 09/16/08 8,192.99 9,158.72 (965.73)49.0000 06/02/08 09/16/08 931.46 1,123.57 (19211)


EIN: 39-6786592

2008 FORM 990-PF


WMCI,

Merrill Lynch

KAY & KAY ECKSTEIN




Page33 of 49



INTL BUSINESS MACHINES 14.0000 04/15/08 10/10/08 1,252.88 1,637.5948.0000 04/16/08 10/10/08 4,295.58 5,756.677.0000 06/02/08 10/10/08 626.44 892.22

14.0000 06/24/08 10/10/08 1,252.89 1,731.9866.0000 06/24/08 10/14/08 6,186.80 8,165.076.0000 07/08/08 10/14/08 562.44 743.47

79 0000 07/08/08 10/16/08 7,170.08 9,789.14

JPMORGAN CHASE & CO 20.0000 03/31/08 05/27/08 851.79 871 99630.0000 03/31/08 07/08/08 22,550.27 27,468.0119.0000 06/02/08 07/08/08 680.09 797.20

126.0000 09/19/08 10/10/08 5,057.27 5,719.5997.0000 09/19/08 10/14/08 3,985.70 4,403.1826.0000 09/19/08 10/16/08 1,016.40 1,180.2484.0000 09/25/08 10/16/08 3,28377 3,551.98

JOHNSON AND JOHNSON COM

KIMBERLY CLARK

KROGER CO

14.0000 03/31/08131.0000 03/31/08130.0000 03/31/0832.0000 03/31/0814.0000 06/02/0896.0000 09/18/08

64.0000 10/03/0864.0000 10/03/0832.0000 10/03/0839.0000 10/07/08

36.0000 06/02/08


EIN: 39-6786592

2008 FORM 990-PF


05/27/0810/10/0810/14/0810/16/0810/16/0810/16/08

10/10/0810/14/0810/16/0810/16/08

09/05/08

909.017,448.228,348.622,014.30881.25

6,042.91

3,633.903,831.501,921.642,342.00

970.52

909.298,508.458,443.502,078.41927.35

6,737.20

4,225.244,225.242,112.622,470.09

979.54

(384.71)(1,461.09)(265.78)(479.09)

(1,978.27)(181.03)

(2,619 06)

(20.20)(4,917.74)(117.11)(662.32)(417.48)(163.84)(268.21)

(0.28)(1,060.23)

(94.88)(64.11)(46.10)

(694.29)

(591.34)(393.74)(190.98)(128.09)

(9.02)

FACIIMerrill Lynch

KAY & KAY ECKSTEIN




Page34 of 49




LOCKHEED MARTIN CORP 63.0000 03/31/08 10/10/08 5,342 12 6,259.60 (917.48)81.0000 03/31/08 10/10/08 7,220.12 8,048.07 (827 95)69.0000 03/31/08 10/14/08 6,581.01 6,855.76 (274.75)4.0000 03/31/08 10/16/08 364.93 397.44 (32.51)

11.0000 06/02/08 10/16/08 1,003.56 1,195.79 (192.23)28.0000 09/05/08 10/16/08 2,554.54 3,203.98 (649.44)35.0000 09/17/08 10/16/08 3,193.18 3,895.75 (702.57)

L-3 COMMNCTNS HLDGS 9.0000 03/31/08 05/27/08 960 83 980.56 (19.73)282.0000 03/31/08 06/06/08 27,949.98 30,724.30 (2,774.32)

8.0000 06/02/08 06/06/08 792.91 846.03 (53.12)

MEMC ELECTR MATLS INC 10.0000 03/31/08 05/27/08 668.49 711.76 (43.27)

119.0000 03/31/08 07/17/08 6,28293 8,470.06 (2,187.13)

171.0000 03/31/08 08/06/08 7,492.70 12,171.28 (4,678.58)9.0000 06/02/08 08/06/08 394.36 602.99 (208.63)

MORGAN STANLEY 10.0000 03/31/08 05/27/08 420.79 464.59 (43.80)396.0000 03/31/08 06/11/08 14,928.52 18,398.17 (3,469.65)12.0000 06/02/08 06/11/08 452.38 510.24 (57.86)

MONSANTO CO NEW DEL COM 61.0000 03/31/08 10/10/08 4,945.70 6,601.71 (1,656.01)54.0000 03/31/08 10/14/08 4,752.89 5,844.14 (1,091.25)31.0000 03/31/08 10/16/08 2,402.96 3,354.98 (952.02)10.0000 06/02/08 10/16/08 775.14 1,282.57 (507.43)20.0000 09/08/08 10/16/08 1,550.31 2,113.45 (563.14)

MARSH & MCLENNAN COS INC 254.0000 07/10/08 07/17/08 7,252 36 7,412.88 (160.52)174.0000 07/10/08 10/10/08 4,603.33 5,078.12 (474.79)158.0000 07/10/08 10/14/08 4,453.99 4,611.16 (157.17)91.0000 07/10/08 10/16/08 2,331.58 2,655.81 (324.23)89.0000 09/10/08 10/16/08 2,280.35 2 ,898.89 (618.54)


EIN: 39-6786592

2008 FORM 990-PF


Merrill LYnch

KAY & KAY ECKSTEIN




Page35 of 49


Security Description Quantity Cover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Ga in or (Loss)

MCDONALDS CORP COM 100.0000 03/31/08 10/10/08 5,387.24 5,593.93

13.0000 03/31/08 10/14/08 726 05 727.22

14.0000 06/02/08 10/14/08 781.91 815.49

62.0000 07/09/08 10/14/08 3,462.75 3,666.56

32.0000 07/09/08 10/15/08 1,682.51 1,892.42

69.0000 07/09/08 10/16/08 3,763.26 4,080.55

MEDTRONIC INC COM 107.0000 03/31/08 10/10/08 4,349.71 5,122.09

99.0000 03/31/08 10/14/08 4,285.88 4,739.13

59.0000 03/31/08 10/16/08 2,346.14 2,824.34

12.0000 06/02/08 10/16/08 477.18 601.07

40.0000 09/10/08 10/16/08 1,590.61 2,166.02

MICROSOFT CORP 53.0000 03/31/08 05/27/08 1,495.65 1,513.14

724.0000 03/31/08 07/17/08 19,982.28 20,670.13

80.0000 03/31/08 09/04/08 2,115.30 2,283.99

348.0000 03/31/08 10/10/08 7,628.77 9,935.36

256.0000 03/31/08 10/14/08 6,144.06 7,308.77

357.0000 03/31/08 10/16/08 8,368.02 10,192.33

50.0000 06/02/08 10/16/08 1,172.00 1,380.91

NEWS CORP CL A 1563.0000 03/31/08 06/27/08 24,337.64 29,228.11

43.0000 06/02/08 06/27/08 669.56 764.97

NIKE INC CL B 8.0000 03/31/08 05/27/08 525.83 542.96

192.0000 03/31/08 07/17/08 11,140.81 13,031.04

100.0000 03/31/08 10/10/08 5,289.96 6,787.00

8.0000 06/02/08 10/10/08 423 20 532.18

5.0000 06/27/08 10/10/08 264.50 299.85

97.0000 06/27/08 10/14/08 5,508.17 5,817.10

107.0000 06/27/08 10/16/08 5,93597 6,416.82


EIN: 39 -6786592

2008 FORM 990-PF


(206.69)(1.17)

(33.58)(203.81)(209.91)(317.29)

(772.38)(453.25)(478 20)(123.89)(575.41)

(17.49)(687.85)(168.69)

(2,306.59)(1,164.71)(1,824.31)(208.91)

(4,890.47)(95.41)

(17.13)(1,890.23)(1,497.04)(108.98)(35.35)

(308.93)(480.85)

FACIIMerrill Lynch

KAY & KAY ECKSTEIN




Page36 of 49



NOKIA CORP SPON ADR 20.0000 03/31/08 05/27/08 560.19 636.99 (76.80)488.0000 03/31/08 07/17/08 13,293.87 15,542.80 (2,248.93)211.0000 03/31/08 07/31/08 5,771.27 6,720.35 (949.08)149.0000 03/31/08 09/08/08 2,893.96 4,745.66 (1,851.70)339.0000 04/28/08 09/08/08 6,584.25 10,020.57 (3,436.32)36.0000 06/02/08 09/08/08 699.22 1,000.04 (300.82)

NORTHN TRUST CORP 74.0000 03/31/08 10/06/08 4,043.19 4,940.85 (897.66)59.0000 03/31/08 10/10/08 3,367.52 3,939.33 (571.81)43.0000 03/31/08 10/14/08 2,673.33 2,871.05 (197.72)10.0000 06/02/08 10/14/08 621.70 735.80 (114.10)1.0000 09/10/08 10/14/08 62.18 82.47 (20.29)

14.0000 09/10/08 10/16/08 795.30 1,154.71 (359.41)44.0000 09/25/08 10/16/08 2,499.54 3,231.56 (732 02)

OCCIDENTAL PETE CORP CAL 122.0000 03/31/08 07/24/08 8,657.13 8,841.19 (184.06)37.0000 03/31/08 10/02/08 2,300.64 2,681.34 (380.70)47.0000 03/31/08 10/10/08 2,102.96 3,406.04 (1,303.08)21.0000 03/31/08 10/14/08 1,101.76 1,521.85 (420.09)11.0000 06/02/08 10/14/08 577.11 1,017.53 (440.42)7.0000 09/10/08 10/14/08 367.26 492.31 (125.05)

45.0000 09/10/08 10/16/08 1,991.30 3,164.91 (1,173.61)

OMNICOM GROUP COM 122.0000 03/31/08 07/17/08 5,075.17 5,411.68 (336.51)100.0000 03/31/08 10/10/08 2,977.36 4,435.81 (1,458.45)77.0000 03/31/08 10/14/08 2,551.14 3,415.58 (864.44)

8.0000 06/02/08 10/14/08 265.05 383.03 (117.98)3.0000 09/12/08 10/14/08 99.40 122.39 (22.99)

97.0000 09/12/08 10/16/08 2,916.15 3,957.60 (1,041.45)


EIN: 39-6786592

2008 FORM 990-PF


MCI'

Merrill Lynch

KAY & KAY ECKSTEIN




Page37 of 49



ORACLE CORP $0.01 DEL 193.0000 03/31/08 09/11/08 3,670.35 3,776.99 (106.64)324.0000 03/31/08 10/10/08 5,410.73 6,340.65 (929.92)137.0000 03/31/08 10/14/08 2,433.10 2,681.08 (247.98)159.0000 04/01/08 10/14/08 2,823.83 3,237.47 (413.64)262.0000 04/01/08 10/16/08 4,307.25 5,334.72 (1,027.47)58.0000 06/02/08 10/16/08 953.52 1,300.93 (347.41)

PETRLEO BRAS VTG SPD ADR 66.0000 03/31/08 10/02/08 2,488.27 3,320.56 (832.29)84.0000 03/31/08 10/10/08 2,211.16 4,226.18 (2,015.02)71.0000 03/31/08 10/14/08 2,268.50 3,572.12 (1,303.62)67.0000 03/31/08 10/16/08 1,640.88 3,370.89 (1,730.01)13.0000 06/02/08 10/16/08 318.38 926.09 (607.71)

PRICE T ROWE GROUP INC 94.0000 07/23/08 10/10/08 3,614.19 5,542 29 (1,928.10)79.0000 07/23/08 10/14/08 3,393.54 4,657.88 (1,264.34)32.0000 07/23/08 10/16/08 1,239.48 1,886.75 (647.27)

55.0000 09/10/08 10/16/08 2,130.36 3,216.19 (1,085.83)

PHILIP MORRIS INTL INC 186.0000 07/11/08 07/17/08 9,631.21 9,925.51 (294.30)213.0000 07/11/08 10/10/08 8,357.69 11,366.32 (3,008.63)70.0000 07/11/08 10/14/08 3,102.32 3,735.42 (633.10)95.0000 09/08/08 10/14/08 4,210.30 5,241.56 (1,031.26)46.0000 09/08/08 10/16/08 1,965.15 2,538.02 (572.87)

138.0000 10/06/08 10/16/08 5,895.46 6,293.32 (397.86)

PEPSICO INC 16.0000 03/31/08 05/27/08 1,096.63 1,152.39 (55.76)284.0000 03/31/08 07/17/08 18,408.77 20,454.93 (2,046.16)143.0000 03/31/08 10/10/08 8,485.74 10,299.49 (1,813.75)127.0000 03/31/08 10/14/08 6,897.87 9,147.10 (2,249.23)14.0000 06/02/08 10/14/08 760.40 940.63 (180.23)1.0000 06/02/08 10/16/08 52 36 67.19 (14.83)

146.0000 07/07/08 10/16/08 7,644.80 9,717.37 (2,072.57)10.0000 10/07/08 10/16/08 523.62 670.27 (146.65)


EIN: 39-6786592

2008 FORM 990-PF


MCI,Merrill Lynch

KAY & KAY ECKSTEIN




Page38 of 49



PRECISION CASTPARTS 79.0000 03/31/08 07/17/08 7,763.56 8,089.60 (326.04)113.0000 03/31/08 09/19/08 10,050.36 11,571.21 (1,520.85)

6.0000 06/02/08 09/19/08 533.65 715.77 (182.12)

PROCTER & GAMBLE CO 16.0000 03/31/08 05/27/08 1,044.63 1,118.72 (74.09)227.0000 03/31/08 07/17/08 14,505.21 15,871.84 (1,366.63)112.0000 03/31/08 10/10/08 6,698.79 7,831.04 (1,132.25)111.0000 03/31/08 10/14/08 7,068.50 7,761.12 (692.62)106.0000 03/31/08 10/16/08 6,490.75 7,411.53 (920.78)15.0000 06/02/08 10/16/08 918.51 974.82 (56.31)

QUALCOMM INC 15.0000 06/02/08 07/17/08 689.84 709.35 (19.51)128.0000 06/12/08 07/17/08 5,886.70 6,237.74 (351.04)23 0000 06/12/08 10/10/08 896.33 1,120.85 (224.52)

136.0000 07/31/08 10/10/08 5,300.08 7,550.10 (2,250.02)140.0000 07/31/08 10/14/08 5,680.01 7,772.17 (2,092.16)78.0000 07/31/08 10/16/08 2,964.76 4,330.22 (1,365.46)69.0000 09/25/08 10/16/08 2,622.68 3,168.34 (545.66)

RANGE RESOURCES CORP DEL 124.0000 05/01/08 07/17/08 7,315.13 7,975.28 (660.15)40.0000 05/01/08 10/02/08 1,419.38 2,572.67 (1,153.29)79.0000 05/01/08 10/10/08 2,178 11 5,081.03 (2,902 92)55.0000 05/01/08 10/14/08 1,835.41 3,537.43 (1,702.02)7.0000 05/01/08 10/16/08 216.71 450.22 (233.51)8.0000 06/02/08 10/16/08 247.66 527.19 (279.53)

49.0000 09/05/08 10/16/08 1,516.98 2,091.02 (574.04)

RAYTHEON CO DELAWARE NEW 12.0000 03/31/08 05/27/08 753.83 772.92 (19.09)184.0000 03/31/08 07/17/08 10,219.39 11,851.44 (1,632.05)65.0000 03/31/08 07/23/08 3,688 50 4,186.64 (498.14)89.0000 03/31/08 10/10/08 3,970.58 5,732.49 (1,761.91)82.0000 03/31/08 10/14/08 4,024.53 5,281.62 (1,257.09)30.0000 03/31/08 10/16/08 1,387.49 1,932.31 (544.82)12.0000 06/02/08 10/16/08 554.99 759.36 (204.37)49.0000 09/11/08 10/16/08 2,266.25 2,922.54 (656.29)


EIN: 39-6786592

2008 FORM 990-PF


FACIFMerrill Lynch

KAY & KAY ECKSTEIN




Page39 of 49



Date Acquired Date Liquidated Amortization /AccretionCover of Short Short Sale Year-to-Date Life-to-Date Sales Price Cost Basis Gain or (Loss)

RESEARCH IN MOTION LTD 61.0000 08/06/08 10/10/08 3 , 392.80 7,587.69 (4,194.89)38.0000 08/06/08 10/14/08 2 ,315.77 4,726 . 77 (2,411.00)21.0000 08/12/08 10/14/08 1 , 279.77 2,739.38 (1,459.61)20.0000 08/12/08 10/16/08 1,158.20 2,608.95 (1,450.75)

43.0000 09/29/08 10/16/08 2 , 490.15 2,720.75 (230.60)

STATE STREET CORP 8 .0000 03/31/08 05/27/08 565.59 633.75 (68.16)254.0000 03/31/08 07/07/08 14,909.35 20 , 121.89 (5 , 212.54)

8.0000 06/02/08 07/07/08 469.59 564.69 (95.10)

SCHLUMBERGER LTD 107.0000 03/31/08 10/10/08 6 , 366.46 9 , 207.34 (2,840.88)

84.0000 03/31/08 10/14/08 5 , 587.45 7 , 228.21 ( 1,640.76)2.0000 06/02/08 10/14/08 133 .04 200.85 (67.81)8.0000 06/02/08 10/16/08 417.35 803 . 43 (38608)

92.0000 07 /01/08 10/16/08 4,799.62 9,827.92 (5,028.30)

STAPLES INC 18.0000 05/15/08 05 /27/08 413 . 81 424.86 (11.05)541.0000 05/ 15/08 07/17/08 11,766.73 12,769.60 (1,002.87)123.0000 05/ 15/08 10/10/08 2,026.13 2 , 903.26 (877.13)

19.0000 06/02/08 10/10/08 312 . 97 437.57 (124.60)172.0000 06/11/08 10/10/08 2 , 833.30 4,182.26 (1,348.96)291.0000 06/11/08 10/ 14/08 5,229.24 7,075.81 (1,846.57)201.0000 06/11/08 10/16/08 3,38518 4,887.42 (1,502.24)113.0000 09/25/08 10/16/08 1,903.12 2,707.64 (804.52)

TEXAS INSTRUMENTS 28.0000 06/02/08 07/09/08 756.05 893.98 (137.93)

TRANSOCEAN INC 79 .0000 04/17/08 07/17/08 11 , 376 17 11,958 . 34 (582 17)

43.0000 04/17/08 10/10/08 3,019.42 6 , 508.98 (3,489.56)10.0000 04/17/08 10/ 14/08 842.41 1,513 . 72 (671 31)3.0000 06/02/08 10/14/08 252.72 450 . 27 (197.55)

23.0000 07/01/08 10/ 14/08 1,937 . 56 3,496.72 (1,559.16)41.0000 07/01/08 10/ 16/08 2 , 813.40 6,233.29 (3,419.89)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

KAY & KAY ECKSTEIN




Page40 of 49




UNITED STS STL CORP NEW 6.0000 05/15/08 05/27/08 1,003.55 1,050.96 (47.41)30.0000 05/15/08 07/08/08 4,480.18 5,254.82 (774.64)36.0000 05/15/08 07/17/08 5,425.16 6,305.78 (880.62)52.0000 05/15/08 08/12/08 6,794.96 9,108.37 (2,313.41)4.0000 06/02/08 08/12/08 522.69 693.79 (171.10)

UNITED TECHS CORP COM 274.0000 03/31/08 06/25/08 18,115.86 18,859.43 (743.57)7.0000 06/02/08 06/25/08 462.82 493.22 (30.40)

87.0000 10/14/08 10/14/08 4,583.35 4,742.50 (159.15)90.0000 10/14/08 10/16/08 4,573.21 4,906.04 (332.83)

WESTERN UN CO 156.0000 08/18/08 10/10/08 2,895.46 4,413.64 (1,518.18)

130.0000 08/18/08 10/14/08 2,736.71 3,678.04 (941.33)148.0000 08/18/08 10/16/08 2,804.61 4,187.31 (1,382.70)

XTO ENERGY INC 101.0000 03/31/08 07/17/08 5,592.33 6,157.97 (565.64)62.0000 03/31/08 10/02/08 2,653.41 3,780.14 (1,126.73)58.0000 03/31/08 10/10/08 1,614.13 3,536.26 (1,922.13)25.0000 03/31/08 10/14/08 841.94 1,524.26 (682.32)

8.0000 06/02/08 10/14/08 269.42 512.58 (243.16)10.0000 09/16/08 10/14/08 336.79 495.37 (158.58)50.0000 09/16/08 10/16/08 1,417.52 2,476.87 (1,059.35)

WAL-MART STORES INC 351.0000 06/11/08 07/17/08 19,933.52 20,663.43 (729.91)22.0000 06/11/08 10/10/08 1,131.72 1,295.15 (163.43)

165.0000 06/24/08 10/10/08 8,487.96 9,503.27 (1,015.31)36.0000 06/27/08 10/10/08 1,851.93 2,049.84 (197.91)

137.0000 06/27/08 10/14/08 7,473.57 7,800.80 (327.23)72.0000 07/09/08 10/14/08 3,927.73 4,207.32 (279.59)97.0000 07/09/08 10/16/08 5,271.68 5,668.21 (396.53)52.0000 08/07/08 10/16/08 2,826.05 2,976.25 (150.20)46.0000 09/11/08 10/16/08 2,499.98 2,867.36 (367.38)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

KAY & KAY ECKSTEIN




Page41 of 49


WAL-MART STORES INC 39.0000 09/23/08 10/16/08Subtotal


OTHER TRANSACTIONSTEXAS INSTRUMENTS 32.0000 05/23/08 05/27/08 1,033.91 N/A N/A

965.0000 05/23/08 07/09/08 26,056.68 N/A N/A

Subtotal 27,090.59 0.00


2,11955 2,330.55 (211.00)1,620,091.76 1,986,550.40 (366,458.64)

2,326, 560.54 2,604,187.62 (304,717.67)

2,326,560.540.000

Note Capital gains and losses in this statement are not reported to the IRS.Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation of

fractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).N/A - Results which cannot be calculated because of insufficient data in the Capital Gain or (Loss) Column and are not included in the realized capital gain and loss

summary.



TOTAL 61, 740.97


EIN: 39-6786592

2008 FORM 990-PF



(366,458.64) 0.00 0.00

FAC"Merrill L nchW y Account No.

2BL-04064Taxpayer No.39-6786592



Page19 of 39

The Capital Gain and Loss Transaction section is provided to facilitate your review and may not include return of capital, sales load deferral, or wash sales adjustments. RICs (which may includemutual funds and unit investment trusts) may reclassi fy principal distributions as capital gains . The cost basis for these securities may not have been adjusted on your statement to reflect suchreclassifications . Please refer to information provide by the RIC and discuss with your fax advisor. Securities distributed from a retirement account reflect the tax basis on the date of distribution.Other methods for calculating gain (loss) are available . The cost basis for most Original Issue Discount ("OID") obligations includes the accretion of OID. For purposes of allocating original purchaseprice to the components of an equity unit consisting of a purchase contract and a debt security subject to a remarketing event, we assumed the fair market value of the debt security on purchasedate was equal to its adjusted issue price . The difference between your ori g inal cost and the amount allocable to the debt component was allocated to the purchase contract. In making adjustmentsto the cost basis of the purchase contract, it was assumed that the unit holder included contract adjustment payments in income received . In calculating gain (loss), unless otherwise noted," it wasassumed that the oldest position was liquidated first, and that an election was in effect to amortize premium paid on the purchase of taxable bonds.

Dividend and Interest details are repeated in the following pages for your convenience. Additionally we have included items such as margin interest and select account fees if applicable. Pleasediscuss the deductibility of these items with your tax advisor. For select clients, we have also included a summary of Visa charges and checking activity.




SHORT TERM CAPITAL GAINSACTIVISION INC COM NEW 211.0000 04/02/08 05/29/08 6,962.96 5,762.40 1,200.56

AKAMAI TECHNOLOGIES INC 260.0000 04/02/08 07/16/08 8,499.87 7,971.57 528.30

AMPHENOL CORP CL A NEW 155.0000 04/02/08 07/16/08 6,904.87 6,047.65 857.22

ARCH COAL INC 135.0000 04/02/08 07/16/08 8,126.65 5,857.65 2,269.00240.0000 04/02/08 07/21/08 12,737.92 10,413.60 2,324.32

AMETEK INC NEW 170.0000 04/02/08 07/16/08 8,067.13 7,740.10 327.03

ALTERA CORP COM 485.0000 04/02/08 07/16/08 10,611.79 9,137.39 1,474.40

ALLIED WASTE INDS NEW 520.0000 10/13/08 10/13/08 5,410.92 5,151.90 259.02

ALBERTO-CULVER CO NEW 160.0000 10/13/08 10/13/08 3,855.97 3,830.27 25.70

ACTIVISION BLIZZARD INC 269.0000 04/02/08 07/16/08 9,710.87 7,346.39 2,364.48210.0000 04/02/08 09/17/08 3,322.26 2,867.55 454.71

BUNGE LIMITED 80.0000 04/02/08 07/16/08 7,846.35 7,071.20 775.15


EIN: 39-6786592

2008 FORM 990-PF


FACIIMerrill Lynch

RAY & KAY ECKSTEIN




Page20 of 39



BJS WHOLESALE CLUB INC 235.0000 04/02/08 07/16/08 9,76071 8,502 72 1,257.99195.0000 04/02/08 10/13/08 7,076.90 7,055.45 21.45

BIG LOTS INC COM 387.0000 04/02/08 06/06/08 12,225.65 8,899.45 3,326.20220.0000 04/02/08 07/16/08 6,413.18 5,059.12 1,354.06143.0000 04/02/08 08/27/08 4,273.24 3,288.43 984.81162.0000 04/10/08 08/27/08 4,841.02 3,512.65 1,328.37

BROCADE COMMUNICATIONS 1030.0000 05/15/08 07/16/08 8,487.25 7,950.88 536.37

CSX CORP 375.0000 04/02/08 06/18/08 24,164.07 21,600.00 2,564.07

CIMAREX ENERGY CO 115.0000 04/02/08 07/16/08 7,060.11 6,554.99 505.12

CELANESE CORP DEL SER A 185.0000 04/02/08 07/16/08 8,21395 7,46991 744 04

CA INC 275.0000 10/13/08 10/13/08 4,738.22 4,419.99 318.23

CHURCH&DWIGHT CO INC 64.0000 04/02/08 09/17/08 4,029.71 3,646.72 382.99100.0000 04/02/08 10/13/08 5,703.49 5,698.00 5.49

DENBURY RES INC 225.0000 04/02/08 07/16/08 7,18987 6,568.29 621.58

DOLLAR TREE INC 230.0000 05/14/08 07/16/08 8,374.27 8,264.13 110.14

EDWARDS LIFESCIENCES CRP 140.0000 06/03/08 07/16/08 9,232.32 8,110.76 1,121.5641.0000 06/03/08 07/22/08 2,673.66 2,375.29 298.37

ENERGEN CRP COM PV 1CENT 105.0000 04/02/08 07/16/08 7,473.33 6,669.60 803.73

FMC CORP COM NEW 122.0000 04/02/08 07/16/08 8,58848 7,040.26 1,548.22

FLUOR CORP NEW DEL COM 40.0000 04/02/08 07/16/08 6,786.36 5,947.47 838.89


EIN: 39-6786592

2008 FORM 990-PF


FACIIMerrill Lynch

RAY & KAY ECKSTEIN




Page21 of 39



FLOWSERVE CORP 57.000025.0000

FMC TECHS INC COM 110.0000

FOSTER WHEELER LTD 120.0000

FIRST SOLAR INC 67.0000

GARDNER DENVER INC 185.0000

GLOBAL PMTS INC GEORGIA 115.0000

GOODRICH CORPORATION 325.0000

HESS CORP 225.0000

HELMERICH PAYNE INC 135.0000

INVITROGEN COM 165.0000

INTUITIVE SURGICAL INC 7.000017.0000

JOY GLOBAL INC DEL COM 95.0000

LSI CORPORATION 385.0000

LABORATORY CP AMER HLDGS 250.0000

MARVELL TECHNOLOGY GROUP 585.0000

MOSAIC CO 152.0000

NOBLE ENERGY INC 85.0000


EIN: 39-6786592

2008 FORM 990-PF


04/02/08 07/16/08 7,47607 5,934.55 1,541.5204/02/08 07/24/08 3,057 54 2,602.87 454.67

04/02/08 07/16/08 7,668.38 6,595.60 1,072.78

04/02/08 07/16/08 7,180.76 7,108.78 71.98

04/02/08 07/01/08 17,577.07 16,475.30 1,101.77

04/11/08 07/16/08 9,656.94 7,167.08 2,489.86

10/10/08 10/13/08 4,850.90 4,553.01 297.89

04/02/08 06/03/08 19,946.98 19,188.00 758.98

04/02/08 05/29/08 27,804.35 21,007.24 6,797.11

04/02/08 07/16/08 8,630.50 6,546.15 2,084.35

07/11/08 07/16/08 6,642.86 6,539.39 103.47

07/08/08 07/22/08 1,959.06 1,824.06 135.0007/08/08 09/08/08 4,590.04 4,429.86 160.18

04/02/08 07/16/08 7,105.96 6,303.25 802.71

05/07/08 08/18/08 2,873.24 2,611.91 261.33

04/10/08 06/03/08 18,709.94 18,653.13 56.81

05/01/08 07/16/08 9,014.85 7,839.00 1,175.85

04/02/08 06/18/08 24,386.79 15,172.11 9,214.68

04/02/08 07/16/08 7,173.95 6,611.30 562.65

PAC^Merrill Lynch

RAY & KAY ECKSTEIN




Page22 of 39



NOBLE CORPORATION 135.0000 04/02/08 07/16/08

NORTHN TRUST CORP 115.0000 04/02/08 07/16/08

PRIDE INTL INC DEL 180.0000 04/16/08 07/16/08

PERKINELMER INC COM 285.0000 04 /02/08 07/16/08440.0000 04 /02/08 09/11/08

QLOGIC CORP 355.0000 10/13/08 10/13/08

ROPER INDUSTRIES INC COM 95.0000 10/13/08 10/13/08

ST JUDE MEDICAL INC 185.0000 04/21/08 07/16/08

SPX CORP COM 55.0000 04 /02/08 07/16/08

SALESFORCE COM INC 115.0000 04/02/08 07/16/08

TECHNE CORP 140.0000 04 /02/08 07/11/08135.0000 04 /02/08 07/15/08

UST INC COM 240.0000 04/02/08 09/08/08

V F CORPORATION 55.0000 10/10/08 10/13/08

VARIAN MEDICAL SYS INC 59 .0000 06/ 16/08 09/03/08

WILEY JOHN & SONS CL A 155.0000 04 /10/08 07/16/08Subtotal


EIN: 39-6786592

2008 FORM 990-PF


7,484 62 6,953.85 530.77

8,616.91 8,110.49 506.42

7,325.09 7,099.65 225.44

7,843 44 7,187.70 655.7411, 278.93 11,096.80 182.13

4,892.58 4,596.40 296.18

4,610.32 4,496.79 113.53

8,580.75 8,345.70 235 05

6,574.11 5,925.15 648.96

7,638.25 7,161.04 477.21

10,909.57 9,763.58 1,145.9910,258.33 9,414.89 843.44

16,397.25 12,859.20 3,538.05

3,359.38 3,165.32 194.06

3,803.69 3,036.67 767.02

6,951.71 6,639.73 311.98572,194.46 500,847.33 71,347.13

MCI,

Merrill Lynch

RAY & KAY ECKSTEIN




Page23 of 39



SHORT TERM CAPITAL LOSSESAK STEEL HOLDING CO 135.0000 04/02/08 07/16/08 7,001.33 7,993.35 (992.02)

215.0000 04/02/08 10/08/08 3,106.07 12,730.15 (9,624.08)35.0000 09/05/08 10/08/08 505.65 1,422.77 (917.12)

ARCH CAPITAL GRP LTD BM 90.0000 04/02/08 07/16/08 5,782.46 6,411 60 (629.14)65.0000 04/02/08 10/10/08 3,786.87 4,630.60 (843.73)95.0000 04/02/08 10/13/08 5,924.16 6,767.80 (843.64)

AFFILIATED COMP SVCS A 155.0000 04/02/08 07/16/08 7,749.66 7,923.59 (173.93)80.0000 04/02/08 10/10/08 3,310.38 4,089.61 (779.23)140.0000 04/02/08 10/13/08 6,135.04 7,156.80 (1,021.76)

AKAMAI TECHNOLOGIES INC 240.0000 04/02/08 08/06/08 5,539.47 7,358.38 (1,818.91)125.0000 04/10/08 08/06/08 2,885.15 3,945.40 (1,060.25)

AMPHENOL CORP CL A NEW 90.0000 04/02/08 10/10/08 2,494.78 3,511.54 (1,016.76)180.0000 04/02/08 10/13/08 5,790.56 7,023.08 (1,232.52)

AMETEK INC NEW 95.0000 04/02/08 10/10/08 2,970.64 4,325.36 (1,354.72)1600000 04/02/08 10/13/08 6,006.36 7,284.79 (1,278.43)

ALTERA CORP COM 145.0000 04/02/08 10/10/08 2,232.98 2,731.81 (498.83)395.0000 04/02/08 10/13/08 6,774.21 7,441.80 (667.59)

ADVANCE AUTO PARTS INC 205.0000 05/30/08 07/16/08 8,112.87 8,350.67 (237.80)80.0000 05/30/08 10/10/08 2,094.38 3,258.81 (1,164.43)

190.0000 05/30/08 10/13/08 5,300.97 7,739.65 (2,438.68)

ALLIANT TECHSYSTEMS INC 80.0000 04/02/08 07/16/08 7,939.15 8,464.00 (524.85)50.0000 04/02/08 10/10/08 3,749.97 5,290.01 (1,540.04)

70.0000 04/02/08 10/13/08 5,494.96 7,405.99 (1,911.03)


EIN: 39-6786592

2008 FORM 990-PF


FACIIMerrill Lynch

RAY & KAY ECKSTEIN




Page24 of 39



AGCO CORP COM 107.0000 04/02/08 07/16/08 5,205.80 6,694.20 (1,488.40)5.0000 04/02/08 10/10/08 152.64 312.82 (160.18)

40.0000 07/18/08 10/10/08 1,221.19 2,068.06 (846.87)40.0000 09/30/08 10/10/08 1,221.20 1,659.59 (438.39)170.0000 04/02/08 10/13/08 6,312.06 10,635.64 (4,323.58)

ACTIVISION BLIZZARD INC 215.0000 04/02/08 10/10/08 2,330.60 2,935.83 (605.23)415.0000 04/02/08 10/13/08 5,653.21 5,666.83 (13.62)

BORG WARNER INC COM 135.0000 05/19/08 07/16/08 5,27847 7,524.57 (2,246.10)215.0000 05/19/08 08/21/08 8,329.05 11,983.59 (3,654.54)

BRINKS CO 105.0000 04/10/08 07/16/08 6,647.05 7,174.92 (527.87)

60.0000 04/10/08 10/10/08 2,788.18 4,099.96 (1,311.78)110.0000 04/10/08 10/13/08 5,624 26 7,516.59 (1,892.33)

BROADCOM CORP CALIF CL A 155.0000 07/25/08 10/10/08 2,175.05 3,598.97 (1,423.92)295.0000 07/25/08 10/13/08 4,738.67 6,849.63 (2,110.96)

BUNGE LIMITED 30.0000 04/02/08 10/10/08 1,102.19 2,651.70 (1,549.51)90.0000 04/02/08 10/13/08 4,134.57 7,955.10 (3,820.53)

BJS WHOLESALE CLUB INC 120.0000 04/02/08 10/10/08 3,976.77 4,341.82 (365.05)

BARD C R INC 65.0000 04/02/08 07/16/08 5,903.26 6,397.29 (494.03)45.0000 04/02/08 10/10/08 3,541.48 4,428.91 (887.43)65.0000 04/02/08 10/13/08 5,374.81 6,397.30 (1,022.49)

BURGER KING HLDGS INC 275.0000 04/02/08 07/16/08 7,581.70 7,812.75 (231.05)135.0000 04/02/08 10/10/08 2,605.84 3,835.35 (1,229.51)265.0000 04/02/08 10/13/08 5,583.78 7,528.65 (1,944.87)

BROCADE COMMUNICATIONS 325.0000 05/15/08 10/10/08 1,179.73 2,508.78 (1,329.05)310.0000 10/01/08 10/10/08 1,125.30 1,757.89 (632.59)

1195.0000 05/15/08 10/13/08 4,839.72 9,224.56 (4,384.84)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page25 of 39




CENTRAL EUROPEAN DSTRBTN 90.0000 07/10/08 07/16/08 6,430.46 6,629.11 (198.65)10.0000 07/10/08 10/10/08 261.49 736.57 (475.08)41.0000 09/08/08 10/10/08 1,072.15 2,215.64 (1,143.49)140.0000 07/10/08 10/13/08 5,109.98 10,311.95 (5,201.97)

CIMAREX ENERGY CO 65.0000 04/02/08 10/10/08 2,061.78 3,705.01 (1,643.23)145.0000 04/02/08 10/13/08 5,596.39 8,265.00 (2,668.61)

CELANESE CORP DEL SER A 290.0000 04/02/08 07/22/08 11,601.70 11,709.59 (107.89)

CF INDS HLDGS INC 46.0000 06/24/08 07/16/08 7,286.35 7,695.71 (409.36)70.0000 06/24/08 10/02/08 4,856.62 11,710.88 (6,854.26)

CIENA CORP 625.0000 04/02/08 05/29/08 18,420.64 20,106.19 (1,685.55)

CHURCH&DWIGHT CO INC 130.0000 04/02/08 07/16/08 6,983.61 7,407.39 (423.78)56.0000 04/02/08 10/10/08 2,877.82 3,190.89 (313.07)

DENTSPLY INTL INC 195.0000 05/07/08 07/16/08 7,429.47 7,773.52 (344.05)85.0000 05/07/08 10/10/08 2,394.60 3,388.46 (993.86)195.0000 05/07/08 10/13/08 6,085.93 7,773.52 (1,687.59)

DUN & BRADSTREET COR-NEW 30.0000 10/03/08 10/10/08 2,253.58 2,669.38 (415.80)65.0000 10/03/08 10/13/08 5,400.81 5,783.65 (382.84)

DENBURY RES INC 300.0000 04/02/08 09/03/08 6,866.14 8,757.72 (1,891.58)110.0000 04/10/08 09/03/08 2,517.59 3,407.82 (890.23)

DOLBY LABORATORIES INC 165.0000 05/29/08 07/16/08 6,095.89 7,788.65 (1,692.76)95.0000 05/29/08 10/10/08 2,693.23 4,484.39 (1,791 16)165.0000 05/29/08 10/13/08 5,427.67 7,788.66 (2,360.99)

DRESSER RAND GROUP INC 185.0000 06/10/08 07/16/08 6,484.58 7,585.92 (1,101.34)105.0000 06/10/08 10/10/08 2,068.49 4,305.53 (2,237.04)185.0000 06/10/08 10/13/08 4,173.57 7,585.93 (3,412.36)


EIN: 39-6786592

2008 FORM 990-PF


MR

Merrill Lynch

RAY & KAY ECKSTEIN




Page26 of 39




DOLLAR TREE INC 95.0000 05/14/08 10/10/08 3,000.78 3,413.45 (412.67)225.0000 05/14/08 10/13/08 7,87047 8,084.47 (214.00)

EDWARDS LIFESCIENCES CRP 169.0000 06/03/08 08/07/08 9,747.76 9,790.85 (43.09)

ENERGEN CRP COM PV 1CENT 65.0000 04/02/08 10/10/08 1,659.44 4,128.80 (2,469.36)130.0000 04/02/08 10/13/08 4,056.37 8,257.60 (4,201.23)

FMC CORP COM NEW 70.0000 04/02/08 10/10/08 2,217 58 4,039.51 (1,821.93)110.0000 04/02/08 10/13/08 4,241.13 6,347.78 (2,106.65)

FAMILY DOLLAR STORES 140.0000 09/08/08 10/10/08 3,035.56 3,942.52 (906.96)225.0000 09/08/08 10/13/08 5,510.28 6,336.17 (825.89)

FLUOR CORP NEW DEL COM 45.0000 04/02/08 10/10/08 1,611.44 3,345.46 (1,734.02)85.0000 04/02/08 10/13/08 3,754.42 6,319.18 (2,564.76)

FLOWSERVE CORP 25.0000 04/02/08 10/10/08 1,363.24 2,602.88 (1,239.64)50.0000 04/02/08 10/13/08 3,342.48 5,205.76 (1,863.28)

FMC TECHS INC COM 65.0000 04/02/08 10/10/08 2,269.78 3,716.17 (1,446.39)150.0000 04/02/08 10/13/08 5,792.36 8,575.77 (2,783.41)

FOSTER WHEELER LTD 55.0000 04/02/08 10/10/08 1,405.18 3,258.20 (1,853.02)25.0000 09/18/08 10/10/08 638.73 1,053.47 (414.74)

150.0000 04/02/08 10/13/08 4,719.27 8,885.99 (4,166.72)

GARDNER DENVER INC 290.0000 04/11/08 10/08/08 6,830.10 11,234.90 (4,404.80)

GLOBAL PMTS INC GEORGIA 70.0000 10/10/08 10/10/08 2,694.98 2,771.40 (76.42)

GAMESTOP CORP NEW CL A 165.0000 04/02/08 07/16/08 7,027.31 9,137.70 (2,110.39)50.0000 04/02/08 10/10/08 1,392.99 2,769.01 (1,376.02)55.0000 09/26/08 10/10/08 1,532.29 1,944.59 (412.30)

185.0000 04/02/08 10/13/08 6,073.70 10,245.29 (4,171.59)


EIN: 39-6786592

2008 FORM 990-PF


MCI'

Merrill Lynch

RAY & KAY ECKSTEIN




Page27 of 39




HUDSON CITY BANCORP INC 435.0000 04/29/08 07/16/08 7,58635 8,440.69 (854.34)180.0000 04/29/08 10/10/08 2,651.85 3,492.71 (840.86)385.0000 04/29/08 10/13/08 5,909.71 7,470.50 (1,560.79)

HERBALIFE LTD 60.0000 08/12/08 10/10/08 1,718.98 2,801.60 (1,082.62)35.0000 10/01/08 10/10/08 1,002.75 1,379.00 (376.25)

175.0000 08/12/08 10/13/08 5,28109 8,171.30 (2,890.21)

HEWITT ASSOCIATES INC 220.0000 04/02/08 07/16/08 7,963.95 8,806.84 (842.89)115.0000 05/05/08 10/10/08 3,211.93 4,358.30 (1,146.37)230.0000 04/02/08 10/13/08 7,495.65 9,207.16 (1,711.51)

10.0000 05/05/08 10/13/08 325.90 378.98 (53.08)

HOSPIRA INC 475 0000 04/02/08 06/16/08 19,340.37 20,691.00 (1,350.63)

HANESBRANDS INC 225.0000 04/16/08 07/16/08 5,639.09 7,348.95 (1,709.86)325.0000 04/16/08 07/30/08 7,710.77 10,615.15 (2,904.38)

HARSCO CORPORATION 140.0000 04/02/08 07/16/08 7,401.05 8,216.60 (815.55)210.0000 04/02/08 07/30/08 11,300.93 12,324.90 (1,023.97)

HEINZ H J CO PV 25CT 80.0000 09/02/08 10/10/08 3,249.58 4,098.40 (848.82)135.0000 09/02/08 10/13/08 6,089.81 6,916.05 (826.24)

HELMERICH PAYNE INC 80.0000 04/02/08 10/10/08 1,939.18 3,879.20 (1,940.02)160.0000 04/02/08 10/13/08 4,679.38 7,758.40 (3,079.02)

HORMEL FOODS CORP 175.0000 04/02/08 07/16/08 6,246.06 7,413.00 (1,166.94)275.0000 04/02/08 08/12/08 9,557.40 11,649.00 (2,091.60)

ITT EDUCATIONAL SVCES 45.0000 07/18/08 10/10/08 3,118.93 3,799.28 (680.35)85.0000 07/18/08 10/13/08 6,249.16 7,176.40 (927.24)


EIN: 39-6786592

2008 FORM 990-PF


PAC^Merrill Lynch

RAY & KAY ECKSTEIN




Page28 of 39




INVITROGEN CORP 90.0000 07/14/08 10/10/08 2,442.58 3,631.09 (1,188.51)

55.0000 07/11/08 10/13/08 1,761.08 2,179.80 (418.72)

135.0000 07/14/08 10/13/08 4,322.68 5,446.63 (1,123.95)

INTERSIL CORP CL A 285.0000 04/04/08 07/16/08 7,208.34 7,703.72 (495.38)

390.0000 04/04/08 09/10/08 7,150.41 10,541.94 (3,391.53)

INTUITIVE SURGICAL INC 29.0000 04/02/08 07/16/08 8,200.86 9,861.16 (1,660.30)

21.0000 04/02/08 07/22/08 5,877.17 7,140.84 (1,263.67)

JANUS CAPITAL GROUP INC 395.0000 09/03/08 10/02/08 8,458.12 10,670.85 (2,212.73)

JOY GLOBAL INC DEL COM 5.0000 04/02/08 10/10/08 135.64 331.75 (196.11)

65.0000 09/30/08 10/10/08 1,763.44 2,647.11 (883.67)

150.0000 04/02/08 10/13/08 4,979.99 9,952.50 (4,972.51)

JOHN BEAN TECHNOLOGIES 46.0000 04/02/08 08/11/08 550.38 599.45 (49.07)

KANSAS CITY SOUTHERN 60.0000 08/11/08 10/10/08 1,586.99 3,229.80 (1,642.81)

145.0000 08/11/08 10/13/08 4,640.41 7,805.33 (3,164.92)

LSI CORPORATION 1180.0000 05/07/08 07/16/08 7,105.80 8,005.35 (899.55)

1310.0000 05/07/08 09/24/08 6,977.54 8,887.32 (1,909.78)

LUBRIZOL CORP 325.0000 04/02/08 06/26/08 15,775.35 18,677.75 (2,902.40)

MARVELL TECHNOLOGY GROUP 275.0000 05/01/08 10/10/08 1,891.98 3,685.00 (1,793.02)

565.0000 05/01/08 10/13/08 4,35047 7,571.00 (3,220.53)

MCAFEE INC 550.0000 04/02/08 07/14/08 17,962.73 19,255.50 (1,292.77)

MIRANT CORP NEW 400.0000 04/02/08 07/15/08 13,912.95 14,584.00 (671.05)

75.0000 04/10/08 07/15/08 2,608.69 2,798.36 (189.67)


EIN: 39-6786592

2008 FORM 990-PF


FACII66 ,5 Merrill Lynch

RAY & KAY ECKSTEIN




Page29 of 39



METAVANTE HLDG CO 335.0000 04/29/08 07/16/08 6,982.37 7,245.71 (263.34)235.0000 04/29/08 10/10/08 3,124.35 5,082.82 (1,958.47)330.0000 04/29/08 10/13/08 5,102.07 7,137.57 (2,035.50)

MANITOWOC CO INC WIS 175.0000 04/02/08 07/16/08 4,613.32 7,447.61 (2,834.29)250.0000 04/02/08 07/29/08 6,802.91 10,639.46 (3,836.55)

MC CORMICK NON VTG 75.0000 10/07/08 10/10/08 2,498.52 2,839.32 (340.80)135.0000 10/07/08 10/13/08 4,862.67 5,110.76 (248.09)

Nil HLDGS INC CL B 60.0000 08/01/08 10/10/08 1,281.59 3,318.65 (2,037.06)135.0000 08/01/08 10/13/08 3,574.78 7,466.94 (3,892.16)

NASDAQ OMX GRP INC 190.0000 04/02/08 07/16/08 5,061.59 7,892.58 (2,830.99)45 0000 04/02/08 10/10/08 1,07269 1,869.30 (796.61)85.0000 09/17/08 10/10/08 2,026.20 2,463.53 (437.33)

215.0000 04/02/08 10/13/08 6,273.23 8,931.08 (2,657.85)

NOBLE ENERGY INC 140.0000 04/02/08 09/12/08 8,463.34 10,889.20 (2,425.86)

NOBLE CORPORATION 90.0000 04/02/08 10/10/08 2,263.12 4,635.90 (2,372.78)150.0000 04/02/08 10/13/08 4,477.47 7,726.50 (3,249.03)

NAIL SEMICONDUCTOR 170.0000 08/15/08 10/10/08 2,246.14 3,951.26 (1,705.12)300.0000 08/15/08 10/13/08 4,382.97 6,972.81 (2,589.84)

NORTHN TRUST CORP 50.0000 04/02/08 10/10/08 2,688.98 3,526.30 (837.32)85.0000 04/02/08 10/13/08 5,153 52 5,994.71 (841.19)

ON SEMICONDUCTOR CRP COM 795.0000 07/03/08 07/16/08 7,011.86 7,471.72 (459.86)120.0000 07/03/08 10/10/08 490.98 1,127.81 (636 83)335.0000 10/01/08 10/10/08 1,370.68 2,263.73 (893.05)

1010.0000 07/03/08 10/13/08 5,171.17 9,492.39 (4,321.22)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page30 of 39




OMNICARE INC 130.0000 07/31/08 10/10/08 2,881.52 3,794.08 (912.56)255.0000 07/31/08 10/13/08 6,425.96 7,442.22 (1,016.26)

OWENS ILL INC COM NEW 350.0000 04/02/08 07/01/08 14,513.99 20,153.00 (5,639.01)

PARTNERRE LTD 50.0000 09/18/08 10/10/08 2,448.48 3,655.78 (1,207.30)80.0000 09/18/08 10/13/08 4,315.17 5,849.24 (1,534.07)

PRIDE INTL INC DEL 95.0000 04/16/08 10/10/08 1,472.11 3,747.04 (2,274.93)200.0000 04/16/08 10/13/08 3,538.38 7,888.50 (4,350.12)

PRECISION CASTPARTS 60.0000 04/02/08 07/16/08 5,775.56 6,544.20 (768.64)90.0000 04/02/08 09/12/08 9,190.04 9,816.30 (626.26)

QLOGIC CORP 1100.0000 04/02/08 06/05/08 16,976.86 17,325.00 (348.14)

ROCKWELL COLLINS INC 275.0000 04/02/08 06/30/08 13,078.92 16,654.00 (3,575.08)

ROSS STORES INC COM 95.0000 09/02/08 10/10/08 2,518.43 3,883.98 (1,365.55)175.0000 09/02/08 10/13/08 5,101.57 7,154.70 (2,053.13)

ST JUDE MEDICAL INC 80.0000 04/21/08 10/10/08 2,601.58 3,608.96 (1,007.38)160.0000 04/21/08 10/13/08 6,046.90 7,217.90 (1,171.00)

SPX CORP COM 5.0000 04/02/08 10/10/08 237.04 538.66 (301.62)30.0000 10/13/08 10/10/08 1,422.30 1,569.01 (146.71)

90.0000 04/02/08 10/13/08 5,218.17 9,695.69 (4,477.52)

SALESFORCE COM INC 185.0000 04/02/08 08/22/08 10,344.14 11,519.96 (1,175.82)

SAIC INC 155.0000 09/04/08 10/10/08 2,604.00 3,214.95 (610.95)270.0000 09/04/08 10/13/08 4,781.70 5,600.23 (818.53)

SNAP ON INC COM 65.0000 09/03/08 10/10/08 2,440.73 3,764.06 (1,323.33)120.0000 09/03/08 10/13/08 5,072.79 6,949.01 (1,876.22)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page31 of 39

Security Descrirtion Quantity



SOUTHWESTERN ENERGY CO 140.0000 07/03/08 07/16/08 5,675.94 6,840.16 (1,164.22)75.0000 07/03/08 10/10/08 1,541.24 3,664.38 (2,123.14)

160.0000 07/03/08 10/13/08 4,033.81 7,817.32 (3,783.51)

TJX COS INC NEW 220.0000 04/02/08 07/16/08 7,479.95 7,565.80 (85.85)120.0000 04/02/08 10/10/08 2,939.98 4,126.80 (1,186.82)210.0000 04/02/08 10/13/08 5,565.07 7,221.90 (1,656.83)

TRIMBLE NAV LTD 195.0000 06/03/08 07/16/08 6,117 70 8,012.49 (1,894.79)280.0000 06/03/08 10/03/08 6,171 24 11,505.12 (5,333.88)

TERRA INDUSTRIES INC COM 65.0000 08/04/08 10/10/08 1,203.14 3,378.88 (2,175.74)135.0000 08/04/08 10/13/08 3,148.18 7,017.66 (3,869.48)

TELEFLEX INC 50.0000 09/09/08 10/10/08 2,22348 3,286.33 (1,062.85)105.0000 09/09/08 10/13/08 5,396.96 6,901.29 (1,504.33)

TEXTRON INC 140.0000 04/02/08 07/16/08 6,344.49 7,953.51 (1,609.02)185.0000 04/02/08 07/23/08 7,736.41 10,510.00 (2,773.59)

TIFFANY & CO NEW 165.0000 05/16/08 07/16/08 6,493.16 7,964.55 (1,471.39)75 0000 05/16/08 10/10/08 1,874.23 3,620.26 (1,746 03)33.0000 08/28/08 10/10/08 824.67 1,427.04 (602.37)

160.0000 05/16/08 10/13/08 4,953.59 7,723.19 (2,769.60)

TIMKEN COMPANY 230.0000 06/06/08 07/16/08 6,552.75 8,493.55 (1,940.80)115.0000 06/06/08 10/10/08 2,203.38 4,246.79 (2,043.41)205.0000 06/06/08 10/13/08 4,548.92 7,570.34 (3,021.42)

UNUM GROUP 350.0000 04/02/08 07/16/08 7,151.40 7,980.00 (828.60)215.0000 04/02/08 10/10/08 3,338.07 4,902.01 (1,563.94)310.0000 04/02/08 10/13/08 5,890.58 7,067.99 (1,177.41)


EIN: 39-6786592

2008 FORM 990-PF


Merrill Lynch

RAY & KAY ECKSTEIN




Page32 of 39



URBAN OUTFITTERS INC 260.0000 04/02/08 07/16/08 8,005.35 8,683.97 (678.62)120.0000 04/02/08 10/10/08 2,601.58 4,008.00 (1,406.42)245.0000 04/02/08 10/13/08 6,258.24 8,182.97 (1,924.73)

UNIVERSAL HEALTH SVCS B 80.0000 09/11/08 10/01/08 4,227.09 5,155.37 (928.28)75.0000 09/11/08 10/08/08 3,515.97 4,833.16 (1,317.19)

UST INC COM 160.0000 04/02/08 07/16/08 8,565.61 8,572.80 (7.19)

VARIAN MEDICAL SYS INC 150.0000 06/16/08 07/16/08 7,66767 7,720.35 (52.68)56.0000 06/16/08 10/10/08 2,210.86 2,882.27 (671.41)

110.0000 06/16/08 10/13/08 4,694.33 5,661.59 (967.26)

WALTER INDSTRIES COM 47.0000 07/21/08 10/10/08 1,40858 4,402.71 (2,994.13)75.0000 07/21/08 10/13/08 2,881.48 7,025.58 (4,144.10)

WATERS CORP 50.0000 08/08/08 10/10/08 2,256.48 3,407.84 (1,151.36)105.0000 08/08/08 10/13/08 5,144.20 7,156.46 (2,012.26)

WILEY JOHN & SONS CL A 105.0000 04/10/08 10/10/08 3,074.38 4,497.89 (1,423.51)165.0000 04/10/08 10/13/08 5,520.86 7,068.11 (1,547.25)

YUM BRANDS INC 205.0000 04/02/08 07/16/08 7,441.55 8,005.24 (563.69)110.0000 04/02/08 10/10/08 2,834.90 4,295.51 (1,460.61)210.0000 04/02/08 10/13/08 6,083.66 8,200.50 (2,116.84)

Subtotal 1,124,690.29 1,502,244.33 (377,554.04)


OTHER TRANSACTIONSJOHN BEAN TECHNOLOGIES 215.0000 08/25/08 08/25/08 5.43 N/A N/A

Subtotal 5.43 0.00


EIN: 39-6786592

2008 FORM 990-PF


mc^6Z Merrill Lynch

RAY & KAY ECKSTEIN





Page33 of 39



1,696,890.18 2,003,091.66 (306,206.91)1,696,890.18

0.00

Note. Capital gains and losses in this statement are not reported to the IRS.' Difference reflects items that are included in the reportable gross proceeds section of your statement but are not included in the gain/loss section (e.g., liquidation offractional shares and the proceeds from certain tender offers). It also reflects items that are included in the gain/loss section of your statement but not in the reportablegross proceeds section (e.g., option premium received).N/A - Results which cannot be calculated because of insufficient data in the Capital Gain or (Loss) Column and are not included in the realized capital gain and loss

summary



TOTAL 71, 347.13 (377, 554.04) 0.00 0.00


EIN: 39-6786592

2008 FORM 990-PF


RAY & KAY ECKSTEIN CHARITABLE TRUST I

EIN: 39-6786592

t

2008 FORM 990-PF

ATTACHMENT 2 - INVESTMENTS

Unrizd

Held By Description Symbol Qty Market Value Cost Basis Gain/(Loss)

GOLDMAN SACHS FINANCIAL SQUARE FEDERAL

Goldman Sachs FUND (FST SHARES) FEDXX 17,601,890 17,601,890.05 17,601,890 05 -

Goldman Sachs U S DOLLAR USD (5,510) (5,510.14) (5,510.14) -

Merrill Lynch ' BLACKROCK SUMMIT CASH A N/A 629,271.00 629,27100 -

Merrill Lynch BLACKROCK SUMMIT CASH RESERVES FUND C N/A 231,623 00 231,623.00 -

Merrill Lynch U S DOLLAR USD N/A 56,748.94 56,748.94 -

SAVINGS & TEMPORARY CASH INVESTMENTS 18,514,022.85 18,514,022.85 -

AMERICAN FDS US GOVT SECS AMERICAN FUNDS

U.S. GOVERNMENT MUTUAL FUND CLASS A

Goldman Sachs SHARES AMUSX 27,213 385,063 95 364,095.00 20,968 95

BLACKROCK FUNDS BLACKROCK GNMA INV A

Goldman Sachs MUTUAL FUND CLASS A SHARES BGPAX 53,534 540,696.56 519,321.59 21,374.97

BLACKROCK FUNDS BLACKROCK GNMA

Goldman Sachs PORTFOLIO MUTUAL FUND CLASS C SHARES BGPCX 24,394 245,398.71 235,647.91 9,750.80

DWS STRATEGIC GOVERNMENT SECUR DWS US

GOVERNMENT SECURITIES-A MUTUAL FUND

Goldman Sachs CLASS A SHARES KUSAX 45,770 384,925 70 375,783 28 9,142.42

FH 2583 PK 4.000% 08/15/2026 FACTOR

Goldman Sachs 0.15716374 05/01/2009 H#383581 975,000 498,857.23 500,661.96 (1,804.73)

FH 3173 PH 6.000% 09/15/2027 FACTOR

Goldman Sachs 0 50048012 05/01/2009 H#573882 800,000 491,227 52 495,520.31 (4,292.79)

FN 0653 BA 6.000% 02/25/2027 FACTOR

Goldman Sachs 0.45013676 05/01/2009 H#570178 875,000 496,629 43 502,283.35 (5,653.92)

FRANKLIN GROUP OF FUNDS FRANKLIN LIMITED

Goldman Sachs MATURITY U.S GOVERNMENT SECURITIES FD - A FRGVX 28,332 295,789.83 287,315 80 8,474.03

FRANKLIN GROUP OF FUNDS FRANKLIN U S.

GOVERNMENT SECS MUTUAL FUND CLASS A

FGoldman Sachs SHARES FKUSX 24,545 , 162,487.90 156,130.90 6,357 00

GN 0847 PC 5.000% 11/16/2037 FACTOR

Goldman Sachs 1 0 88638133 05/01/2009 11#671007 1,000,000 955,370.79 960,132.42 (4,761.63)

PUTNAM AMERICAN GOVT INCOME FD SH BEN

Goldman Sachs INT MUTUAL FUND CLASS A SHARES PAGVX 44,946 ' 388,333.44 415,781.00 (27,447 56)

I SELIGMAN GROUP SELIGMAN U.S. GOVT

Goldman Sachs SECURITIES MUTUAL FUND CLASS A SHARES SUSGX 65,217 478,692.78 457,961.82 20,730.96

U.S TREASURY NOTE 4.500000% 03/31/2009 MS

Goldman Sachs ON THE RUN TN4509 100,000 102,197.25 101,142.83 1,054.42

Goldman Sachs US TREASURY NOTE 5.5% 05/15/2009 TN5509 100,000 102,651.90 101,200 60 1,451.30

IVAN KAMPEN FUNDS VAN KAMPEN GOVT

Goldman Sachs (SECURITIES FD MUTUAL FUND CLASS A SHARES ACGVX 44,302 423,527.12 407,152.16 16,374.96

VAN KAMPEN FUNDS VAN KAMPEN GOVT

Goldman Sachs SECURITIES FD MUTUAL FUND CLASS C SHARES ACGSX 48,169 457,123 81 439,790.23 17,333.58

ALLIANCE FUNDS ALLIANCE AMERICAS

Goldman Sachs GOVERNMENT I MUTUAL FUND CLASS A SHARES ANAGX 149 1,007.24 1,043.38 (36.14)

Merrill Lynch BLACKROCK GOVT INCOME PORT CL C BGICX 167 1,798 59 1,718.00 80.59

U.S. GOVERNMENT OBLIGATIONS 6,411,779.75 6,322,682.54 89,097.21DELAWARE GROUP GOVERNMENT FD DELAWARE

Goldman Sachs INFL PROTECTED BD FD CLASS A DIPAX 90,556 863,904.24 934,970.00 (71,065.76 )

STATE & CITY GOVERNMENT OBLIGATIONS 863,904 . 24 934,970.00 ( 71,065.76)

COHEN & STEERS OPPORTUNITY FUND, INC

Goldman Sachs MUTUAL FUND CLOSED ENDED FOF 227 2,079.32 2,315 63 (236.31)

H.\Charitable Trust\990\2008\Positions 12-31-08 ALL. xIs Page 1


EIN: 39-6786592

2008 FORM 990-PF I T


Held By Description

Unrlzd

Symbol Qty Market Value Cost Basis Gain/(Loss)

GABELLI EQUITY TRUST PFD USD1.5500(6.20%)

Goldman Sachs SERIES F GABPRF 5,500 120,450.00 140,834.00 (20,384.00)

Goldman Sachs AT&T INC. PFD USD1 5938(6.38%) G ATT 6,000 149,640.00 153,136 00 (3,496.00)

BAC CAPITAL TRUST VIII PFD 6.0000 08/25/2035

Goldman Sachs SERIES Z BACPRZ 3,000 49,800.00 73,114 00 (23,314.00)

Goldman Sachs CBS CORPORATION PFD USD1.6875(6.75%) CPV 3,000 39,360.00 76,845 04 (37,485.04)

Goldman Sachs

CITIGROUP CAPITAL TRUST IX PFD 6% TR PFD

02/14/2033 CPRS 6,153 89,464.62 137,929.09 (48,464.47)

Goldman Sachs COMCAST CORPORATION PFD USD1.6562(6 62%) CCS 8,000 164,160.00 200,000.00 (35,840.00)

Goldman Sachs I

CREDITSUISSE (GUERNSEY) PFD

USD1.9750(7 90%) BRH CAP NT TIER 1 CRP 8,000 164,400.00 200,000.00 (35,600.00)

Goldman Sachs

GENERAL ELECTRIC CAPITAL CORP PFD 6.0000

04/24/2047 BEO GEJ 6,000 126,000.00 150,934.07 (24,934.07)

Goldman Sachs

JPMORGAN CHASE & CO. PFD USD2 1562(8.62%)

SERIES J DEPOSITARY SHS REPSTG 1/400 NON-

CUM PFD STK SER J JPMPRI 8,000 201,440.00 200,000.00 1,440.00

Goldman Sachs

MERRILL LYNCH CAPITAL TRUST I PFD 6 450

06/15/2087 - - MERPRM 8,000 124,400.00 200,124.86 (75,724.86)

Goldman Sachs

MORGAN STANLEY CAPITAL PFD 6.45 4/15/2067

SER VIII MSK 8,000 118,000.00 200,000.00 (82,000.00)

Goldman Sachs NATL CITY CAP TR III PFD USD1.6562(6.62%) - NCCPRB 6,000 107,520.00 150,180.49 (42,660.49)

Goldman Sachs

ROYAL BANK OF SCOTLAND PLC 6.40% PFD ADR

SER M PERPETUAL RBSPRM 3,000 26,580.00 78,474.00 (51,894.00)

Goldman Sachs

ROYAL BK OF SCOTLAND GRP PLC PFD

USD1.5313(6.13%) SERIES R RBSPRR 2,000 15,940.00 50,000.00 (34,060.00)

Goldman Sachs USB CAPITAL VIII 6.35% 12/29/2065 TR PFD SECS USBPRG 5,000 106,950.00 123,533 00 (16,583.00)

Goldman Sachs

WACHOVIA CAPITAL TRUST IX PFD 6.375%

06/15/2047 WBPRC 8,000 153,840.00 200,000.00 (46,160.00)

Goldman Sachs WELLS FARGO CAPITAL XI PFD USD1.5625(6 25%) FWF 8,000 168,000.00 200,000.00 (32,000.00)

Goldman Sachs

BLACKROCK PREFERRED AND EQUITY ADVANTAGE

TRUST ETF - BTZ 8,480 70,808.00 151,489.06 (80,681.06)

Goldman Sachs

VAN KAMPEN 663 CLSD END STRAT COHEN &

STEERS MASTER INCOME PORTFOLIO - 11 UNIT

INVESTMENT TRUST VKMRTX 670 2,867 60 2,921.79 (54.19)

Goldman Sachs

VAN KAMPEN 716 CLOSED-END STR COHEN &

STEERS VALUE EQTY AND INC PTF - 2007 UNIT

INVESTMENT TRUST VKCVEX 640 3,18720 2,91661 270.59

Goldman Sachs

VAN KAMPEN 724 - EAFE SELECT 20 PORTFOLIO -

2008-1 UNIT INVESTMENT TRUST VKTETX 1 3.81 3.79 0.02

Goldman Sachs VAN KAMPEN 749 CMN UNIT INVESTMENT TRUST VKTNWX 605 2,305.05 2,273.97 31.08

Goldman Sachs

VAN KAMPEN 763 CMN STRATEGY 2008-3 UNIT

INVESTMENT TRUST VKCGLX 161 904.82 1,054.55 (149.73)

Goldman Sachs Dividends Earned But Not Yet Paid 5,143.60 - 5,143.60

Merrill Lynch BLACKROCK PRF & EQUITY ADVANTAGE TRUST BTZ 148 1,235.80 1,100.00 135.80

Merrill Lynch VAN KAMP UT TR5 716 CLD I CSVPO7 4 19.92 18.00 1.92

Merrill Lynch

VAN KAMPEN 763 COHEN & STEERS GLOBAL

INFRA STRAT 2008-3 CSGI83 5 5.62 5.00 0.62

Merrill Lynch

VAN KMPN UT TRS 663 CLD ED STRG COHEN

STEERRS MST INCOM PORTF MSTR01 42 42 80 39 00 3.80

!CORPORATE STOCK 2,014,548.16 2,699,241.95 (684,693.79)

H.\Chantable Trust\990\2008\Positions 12-31-08 ALL.xIs Page 2


EI N : 39-6786592 ^

2008 FORM 990-PF


Unrlzd

Held By Description Symbol Qty Market Value Cost Basis Gain/(Loss)

(GS) GOLDMAN SACHS GROUP, INC. 5 5%

Goldman Sachs 11/15/2014 USD 2EA2HO 200,000 182,701.56 156,168 18 26,533 38

Goldman Sachs ABBOTT LABORATORIES 5.875% 05/15/2016 3J0H17 200,000 218,115.39 202,447 76 15,667.63

ALLIANCE FUNDS ALLIANCEBERNSTEIN SHORT

Goldman Sachs DURATI MUTUAL FUND CLASS A SHARES ADPAX 62,074 700,194.72 708,108 00 (7,913.28)

AMERICAN EXPRESS COMPANY 4.875%

Goldman Sachs 07/15/2013 USD - 2EECA6 425,000 404,059.90 442,956.79 ( 38,896.89)

Goldman Sachs AMGEN INC. 4.85% 11/18/2014 USD 2ER5HO 200,000 198,320.61 201,812.88 (3,492.27)

BANK OF AMERICA CORPORATION 3.125%

Goldman Sachs 06/15/2012 SR LIEN 3JRTL8 300,000 312,457.13 300,550.13 11,907.00

BAXTER INTERNATIONAL INC CPN 4.6250

Goldman Sachs 03/15/2015 2EGGM1 650,000 661,965 24 656,371.40 5,593.84

DOW CHEMICAL COMPANY (THE) 7.125%

Goldman Sachs 11/15/2013 3JSJP8 500,000 506,992.29 504,057.29 2,935.00

FEDERATED REAL RETURN BOND FND MUTUAL

Goldman Sachs FUND RRFAX 194,766 1,924,288.08 2,060,799.88 (136,511.80)

FRANKLIN GROUP OF FUNDS FRANKLIN TOTAL

Goldman Sachs RETURN A MUTUAL FUND CLASS A SHARES FKBAX 80,008 696,868 69 812,513.7 6 (115,645.07)

FRANKLIN TOTAL RETURN MUTUAL FUND - C

Goldman Sachs MUTUAL FUND CLASS C SHARES FCTLX 12,247 106,670.34 116,292.77 (9,622.43)

GENERAL ELECTRIC CAPITAL CORP MTN 4.875%

Goldman Sachs 03/04/2015 USCORP 200,000 197,976.75 206,872.18 (8,895.43)

GOLDMAN SACHS GOVERNMENT INCOM MUTUAL

Goldman Sachs FUND CLASS A GSGOX 24,112 363,606.52 357,257 07 6,349 45

Goldman Sachs JOHNSON & JOHNSON 3.8% 05/15/2013 USD 2ED904 500,000 520,712.78 504,557.60 16,155 18

MERRILL LYNCH & CO., INC. 6.05% 05/16/2016 M-

Goldman Sachs W+20.OOBP USCORP 200,000 188,606.50 202,513.25 (13,906 75)

MERRILL LYNCH & CO, INC. FRN MTN 04/30/2018

USD SER C OTC_FI 3MO +50 OOBP SR LIEN CPN

Goldman Sachs 01/24/09-04/23/09 10.0% 3JSJQ6 300,000 276,699.67 305,166 67 (28,467.00)

PROCTER & GAMBLE COMPANY (THE) 4.95%

Goldman Sachs 08/15/2014 USD 2RX732 500,000 536,480.00 520,417.87 16,062.13

THE WALT DISNEY COMPANY MTN 6.375%

Goldman Sachs 03/01/2012 USD 64QY17 100,000 108,656.29 108,285.64 370.65

UNITED TECHNOLOGIES CORP 4 875% 05/01/2015

Goldman Sachs M-W+15 OOBP USCORP 500,000 491,452.50 477,456.93 13,995.57

Goldman Sachs WAL-MART STORES, INC. 4.5% 07/01/2015 USD 2ERK59 150,000 155,188.50 155,411.48 (222.98)

AMERICAN INTERNATIONAL GROUP, MTN 0.0%

Goldman Sachs 06/08/2009 3J1171-2 50,000 350,000.00 500,000.00 (150,000.00)

Goldman Sachs BLACKROCK STRTGC BOND TR MUTUAL FUND BHD 10,600 91,796 00 139,493.00 (47,697.00)

CAPITAL WORLD BOND FD AMERICAN FUNDS

CAPITAL WORLD B MUTUAL FUND CLASS A

Goldman Sachs SHARES CWBFX 25,531 481,259 35 513,530.00 (32,270 65)

DWS ADVISOR FUNDS DWS SHORT DURATION

Goldman Sachs PLUS FUND-A MUTUAL FUND CLASS A SHARES PPIAX 21,430 187,512.50 205,726 74 (18,214.24)

FRANKLIN INVESTORS SECS TRUST FRANKLIN REAL

Goldman Sachs RETURN FD - A FRRAX 37,949 370,004.26 405,545.76 (35,541.50)

HARTFORD STRATEGIC INCOME FD MUTUAL

iGoldman Sachs FUND - A HSNAX 86,098 634,542 26 753,372.49 (118,830.23)

LOOMIS SAYLES FUNDS II LOOMIS SAYLES

INVESTMENT GRADE MUTUAL FUND CLASS A

Goldman Sachs SHARES I LIGRX 36,201 351,869 37 425,676.80 (73,807.43)

H:\Chantable Trust\990\ 2008\Positions 12-31-08 ALL.xIs Page 3


EIN: 39-6786592

2008 FORM 990-PF


Held By Description Symbol Qty Market Value Cost Basis

Unrlzd

Gain/(Loss)

OPPENHEIMERFUNDS OPPENHEIMER

INTERNATIONAL BOND MUTUAL FUND CLASS A

Goldman Sachs SHARES OIBAX 96,924 573,789.44 628,388.13 (54,598.69)

PIMCO FDS PAC INVT MGMT SER TOTAL RETURN-

Goldman Sachs IC MUTUAL FUND CLASS C SHARES PTTCX 11,722 118,861.08 118,322.47 538.61

Goldman Sachs

PIMCO FUNDS PIMCO LOW DURATION C MUTUAL

FUND CLASS C SHARES PTLCX 12,921

I

121,719.79 122,966 14 (1,246.35)

PIMCO FUNDS PIMCO REAL RETURN BOND A

Goldman Sachs MUTUAL FUND CLASS A SHARES PRTNX 38,685 365,573.25 427,845.89 (62,272.64)

PIMCO FUNDS PIMCO TOTAL RETURN A MUTUAL

Goldman Sachs FUND CLASS A SHARES I PTTAX 25,220 255,730.80 254,525.92 1,204.88

Goldman Sachs PIMCO INCOME OPPORTUNITY FUND CMN PKO 12,050 205,332.00 294,782 03 (89,450.03)

PIONEER DIVERSIFIED HIGH INCOME TRUST CMN

Goldman Sachs SHS OF BENEFICIAL INTEREST HNW 9,549 113,728 59 218,263.93 (104,535.34)

THE MAINSTAY FUNDS MAINSTAY CONVERTIBLE A

Goldman Sachs MUTUAL FUND CLASS A SHARES MCOAX 21,214 214,473.54. 302,025.00 (87,551.46)

Goldman Sachs VAN KAMPEN SENIOR LOAN FUND MUTUAL FUND VSLAX 772 3,134.32 3,562.65 (428 33)

VAN KAMPEN SENIOR LOAN FUND MUTUAL FUND

Goldman Sachs C VSLCX 766 3,109.96 3,531.00 (42104)

!VIRTUS MULTI-SECTOR S/T BOND F MUTUAL

Goldman Sachs FUND NARAX 263,159 989,477 84 1,251,226.41 (261,748.57)

Goldman Sachs

AMERICAN INTERNATIONAL GRP INC MTN 0.0%

02/04/2009 USCORP 30,000 210,000.00 300,000.00 (90,000.00)

Merrill Lynch

ALLIANCEBERNSTEIN GLOBAL BOND FUND, INC CL

A ANAGX 2 13 52 11.73 1.79

Merrill Lynch

AMERICAN SHORT TERM BOND FUND OF

AMERICA CLA ASBAX 65,559 644,444.97 639,855.00 4,589 97

Merrill Lynch OPPENHEIMER INTE RNATL BON D FD CL A OIBAX 2,654 15,715.07 15,711.00 4.07

Merrill Lynch PIONEER DIVERSIFIED HIGH INCOME TRUST HNW 186 2,215 26 2,101.00 114.26

CORPORATE BONDS 15,056,316 .63 16,526,480.62 (1,470,163.99)

Merrill Lynch BLACKROCK SELECT HEDGE 1 779,058 777,032.44 999,998 00 (222,965.56)

Merrill Lynch IVY RISING STARS ACCESS 316,324 319,107.64 414,998 00 (95,890.36)

Mernll Lynch ROBECO SAGE ACCESS LTD 430,519 413,944.01 464,998 00 (51,053.99)

Merrill Lynch THE ENDOWMENT TEI FUND LP 42,461 1,988,049.49 2,499,937.00 (511,887.51)

Merrill Lynch COAST ACCESS III LTD CLASS C 326,635 335,519.00 455,688.00 (120,169.00)

THE ENDOWMENT (EXEMPT QP) FUND II LP TAX

Merrill Lynch !EXEMPT CLASS D 63,542 2,559,370.00 3,199,963 00 (640,593.00)

Merrill Lynch VARIOUS ALTERNATIVE INVESTMENTS N/A 113,516.00 - 113,516.00

OTHER INVESTMENTS 6,506,538.58 8,035,582.00 (1,529,043.42)

GRAND TOTAL CASH & INVESTMENTS I 49,367,110.21 53 ,032,979 .96 (3,665,869.75 )

H:\Charitable Trust\990\2008\Positions 12-31-08 ALL.xIs Page 4

RAY AND KAY ECKSTEIN

CHARITABLE TRUST


EI#: 39-6786592

FORM 990-PF

PAGE 4, PART VII-A, QUESTION 3


CHARITABLE TRUST

I.

II

III

IV

INITIAL PRINCIPAL AND ADDITIONS

BENEFICIAL PROVISIONS

(A) Purpose

(B) Distributions and Grants

(C) Termination

LIMITATIONS AND RESTRICTIONS

(A) No Private Inurement

(B) Internal Revenue Code Compliance

(C) Amendment

(D) Situs and Governing Law

(E) Definitions

TRUSTEES

(A) Appointment and Succession

(B) Powers and Duties

(C) Action by Trustees

(D) Miscellaneous

Page

1

2

2

2

4

4

4

5

5

6

6

6

6

8

10

10

QB\5416050 7 RAY & KAY ECKSTEIN CHARITABLE TRUST

EI#: 39-6786592

FORM 990-PF


AMENDMENT TO AND COMPLETERESTATEMENT OF

RAY AND KAY ECKSTEINCHARITABLE TRUST

This is an amended and restated trust agreement between RAY A.ECKSTEIN and KATHRYN A. ECKSTEIN, the Settlors (sometimes referred tohereafter in the first person) and RAY A. ECKSTEIN, KATHRYN A. ECKSTEIN,and CYNTHIA L. ERICKSON, the Trustees . The trust evidenced by this agreementmay be referred to as the Ray and Kay Eckstein Charitable Trust.

BACKGROUND:

A. By a trust agreement dated May 12, 2005 (the "Original Agreement"),the Ray and Kathryn Eckstein Charitable Trust was established by Ray A. Ecksteinand Kathryn A. Eckstein as Settlors, with Ray A. Eckstein, Kathryn A. Eckstein andSteven R. Duback, as Trustees.

B. The Original Agreement was amended on August 6, 2007 to change thetrust ' s name to be the "Ray and Kay Eckstein Charitable Trust, " and was againamended on June 23, 2008 primarily to amend various provisions related to thepowers and duties of the trustees and the selection of their successor trustees.

C. Section III(C)(l) of the trust agreement provides that so long as either ofRay A. Eckstein or Kathryn A. Eckstein is alive, they or the survivor of them may atany time amend the trust agreement by a signed instrument filed with the trustrecords. Pursuant to such right Ray A. Eckstein and Kathryn A. Eckstein now wish tofurther amend the trust agreement in a number of respects and to restate it in itsentirety.

NOW THEREFORE, the trust agreement is hereby amended and restated toread in its entirety as follows:

1. INITIAL PRINCIPAL AND ADDITIONS

(A) The initial trust principal delivered to the trustees at the time theOriginal Agreement was made together with all subsequent and future principaladditions to this trust shall be held in trust by the trustees, and the trustees shall makepayments or distributions exclusively to or for the use of charitable organizations (asdefined herein) or for charitable purposes (as defined herein), all as more particularlydescribed in Article II.


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(B) In their discretion, the trustees may accept property or rights toreceive property from persons other than the Settlors, which additions shall beadministered and accounted for as additions to the principal of this trust.Notwithstanding the foregoing, the trustees shall refuse to accept any addition if it islimited in any way which is inconsistent with the terms of this trust or the federalincome tax exemption of this trust under I.R.C. § 501(c)(3).

II. BENEFICIAL PROVISIONS

(A) Purpose

The trust is organized and shall be operated exclusively forcharitable, educational, scientific, religious, and literary purposes.

(B) Distributions and Grants

In their absolute discretion, the trustees may distribute the currentand accumulated net income and principal each year to charitable organizations (asdefined herein) or for charitable purposes (as defined herein) in accordance with thefollowing guidelines:

(1) At least 50% of such distributions shall be made to theCatholic Church in the United States or to charitable organizations which areaffiliated with the Catholic Church in the United States;

(2) At least five percent (5%) of such distributions shall bemade to charitable organizations located or operated principally in the State ofWisconsin or for charitable purposes in the State of Wisconsin;

(3) At least one and one-half percent (1-1/2%) of suchdistributions shall be made to charitable organizations located or operated principallyin Grant County, Wisconsin or for charitable purposes within Grant County,Wisconsin;

(4) A distribution which meets the requirements of paragraph(3) shall be counted toward the fulfillment of the requirements of both paragraphs (3)and (2);

(5) A distribution which meets the requirements of bothparagraph (1) and (2) shall be counted toward the fulfillment of both requirements,and a distribution which meets the requirements of both paragraph (1) and (3) shall becounted toward the fulfillment of both requirements;

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PAGE 4 , PART VII-A, QUESTION 3

(6) The remaining distributions shall be made to suchcharitable organizations, for such charitable purposes and in such amounts as thetrustees in their discretion may determine.

(7) In making distributions for charitable purposes underparagraphs (1) through (6) above, we request that the trustees be mindful of thefollowing charitable needs:

(a) The needs of those charitable organizations wehave supported during our lifetimes;

(b) The needs of public, private and parochial schoolsand colleges which have a regularly scheduled curriculum and a regular faculty andwhich provide education to students at the primary, secondary, trade school, collegiateor post-graduate level;

(c) The needs of municipalities to provide betterliterary, cultural , recreational , educational and other public programs and facilities fortheir citizens;

(d) The financial needs of retired nuns and priests ofthe Catholic Church in the United States including the need to provide them withfood, shelter, healthcare and other amenities in their retirement years; and

(e) The financial needs of missionary and ministryprograms and endeavors conducted either in the United States or abroad by theCatholic Church in the United States, by charitable organizations affiliated with theCatholic Church in the United States, or by charitable organizations which are notaffiliated with the Catholic Church in the United States but which are conductingmissionary or ministry programs and endeavors which are similar in their charitablepurpose to those programs and endeavors conducted by similar Catholic charitableorganizations.

(8) We are mindful of the fact that the charitable needs of thisworld are ever changing, and therefore the provisions of paragraph (7) above are notintended to be mandatory, but rather are intended to serve as a guide to the trustees inthe exercise of their discretion in making distributions to charitable organizations forcharitable purposes. Nor do we intend that the charitable needs described inparagraph (7) above are the only charitable needs which the trustees should considerin making distributions.

(9) It is our desire that if practicable this trust be held intact inperpetuity and that the trustees generally make distributions and grants only asnecessary to avoid the imposition of tax under I .R.C. § 4942. However, we

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PAGE 4, PART VII -A, QUESTION 3

understand that the trustees may on occasion but not routinely wish to make grantsand distributions in excess of the amount necessary to avoid the imposition of taxunder I .R.C. § 4942, and therefore we hereby authorize the trustees to make suchdistributions and grants in excess of the § 4942 amount in any year, but in no eventshall the distributions and grants made during any taxable year exceed twenty percent(20%) of the fair market value of the trust assets valued as of the last business day ofthe previous taxable year so long as either of us is alive. In any taxable yearfollowing the year of death of the survivor of us, the distributions and grants madeduring any taxable year shall not exceed seven percent (7%) of the fair market valueof the trust assets valued as of the last day of the previous taxable year except whengrants to be made after the death of the survivor of us under a pledge made prior tothe death of the survivor of us , would in the judgment of the trustees make itimpracticable to keep within such seven percent (7%) limit.

(C) Termination

It is our intention that this trust shall continue for as long as it ispossible to carry out the charitable purposes and objectives set forth herein. While atthis time we do not foresee circumstances that would make the accomplishment ofsuch charitable purposes and objectives impracticable, we recognize that suchcircumstances might occur in the future. Accordingly, while we do not direct that thetrustees may not terminate this trust, we desire to stop just short of doing so. At suchtime as the trustees in good faith determine that the accomplishment of the charitablepurposes and objectives set forth herein are no longer practicable, they may, by theaffirmative vote of at least ninety percent (90%) of all the trustees then acting, elect toterminate the trust and distribute its principal assets to such charitable organizations(as defined herein) in such amounts as they in their absolute discretion maydetermine, provided that no distributions shall be made to any private foundation asdefined in I.R.C. § 509(a), and any distributions made to a unit or agency of federal,state or local government shall be used exclusively for public purposes.

III. LIMITATIONS AND RESTRICTIONS

(A) No Private Inurement

No part of the net earnings of this trust shall inure or be payableto or for the benefit of any private shareholder or individual, and no substantial part ofthe activities of this trust shall be the carrying on of propaganda, or otherwiseattempting, to influence legislation unless by appropriate election a greater part ispermitted without jeopardizing the trust's exemption under I.R.C. § 50 1 (c)(3). Nopart of the activities of this trust shall be the participation in, or intervention in(including the publishing or distributing of statements) any political campaign onbehalf of or in opposition to any candidate for public office.

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FORM 990-PF


(B) Internal Revenue Code Compliance

(1) Notwithstanding any other provision hereof, the trust shallnot carry on any activities not permitted to be carried on by a trust exempt fromfederal income tax under I.R.C. § 501(c)(3) or by a trust contributions to which aredeductible under I .R.C. § 170(c)(2).

(2) Whenever the trust is a private foundation as defined inI.R.C. § 509(a), the income of the trust shall be distributed at such time and in suchmanner and amounts as not to subject it to tax under I .R.C. § 4942 , and the trust shallnot engage in any act of self-dealing as defined in I.R.C. § 4941(d), or retain anyexcess business holdings as defined in I.R.C. § 4943(c) for a period longer than thatpermitted by I.R.C. § 4943(c)(6) or (c)(7), or make any taxable expenditures asdefined in I.R.C. § 4945(d), or make any investments in such manner as to subject itto tax under I.R.C. § 4944.

(C) Amendment

(1) So long as either of us is alive, we or the survivor of us, asthe case may be, may amend this trust agreement by a signed instrument filed with thetrust records at any time or times provided that no amendment shall give either of usany rights or powers in the trust nor authorize the trustees to conduct the affairs of thistrust in any manner or for any purpose contrary to the provisions of I.R.C.§ 501(c)(3).

(2) After the death of the survivor of us, the trustees may atany time or times amend this trust agreement by a written instrument filed with thetrust records signed by at least eighty percent (80%) of the trustees then acting,provided however, that no such amendment shall reduce the percentage in

Article II.(B)(1) to less than forty percent (40%) or reduce the percentage inArticle II.(C) of trustees required to terminate this trust to less than ninety percent

(90%), and no such amendment shall authorize the trustees to conduct the affairs ofthis trust in any manner or for any purpose contrary to the provisions of I.R.C. §501(c)(3). This power to amend this trust agreement shall include the power toamend Article II (Beneficial Provisions) and Article IV (Trustees), subject only to thelimitations described in the immediately preceding sentence. We give the trustees this

broad power to amend because we recognize that: (a) the charitable needs of this

world are likely to change over time in ways we cannot foresee, and therefore the

trustees who succeed us will need to exercise their sound judgment and discretion in

carrying out our broad charitable objectives as well as meeting charitable needs as

they arise from time to time; and (b) the trustee governance structure we have

provided for in Article IV may, based on practice and experience, need changing in

order to provide a better governance mechanism for making investment, grant

making, and other administrative decisions. Any amendment of this subparagraph (2)


QB\5416050 7 EI#: 39-6786592FORM 990-PF


shall be valid only if and to the extent that such amendment does not expand thetrustees' amending power.

(D) Situs and Governing Law

(1) The trustees may, whenever they shall consider itadvantageous for achieving charitable purposes, take the necessary steps to transferthe situs of this trust to another location.

(2) Irrespective of the situs of the trust or the location of anytrustee, this instrument, the dispositions hereunder, and the rights and duties of thetrustees shall be construed and regulated and their validity and effect shall bedetermined by the laws of the State of Wisconsin.

(E) Definitions

(1) "Charitable purposes" are limited to and include onlycharitable, educational, scientific, religious and literary purposes within the meaningof those terms as used in I.R.C. § 501(c)(3), and only such purposes as also constitutepublic charitable purposes under the law of trusts of Wisconsin.

(2) "Charitable organization" means an organization which isdescribed in I.R.C. § 501(c)(3) or is a unit or agency of federal, state or localgovernment.

(3) The term "I.R.C." means the United States InternalRevenue Code, and references to provisions thereof are to such provisions as fromtime to time amended and to corresponding provisions of any future United StatesInternal Revenue law.

IV. TRUSTEES

(A) Appointment and Succession

(1) The trustees as of the date of this amended and restatedtrust agreement are RAY A. ECKSTEIN ("RAY"), KATHRYN A. ECKSTEIN("KAY") and CYNTHIA L. ERICKSON.

(2) If KAY ceases to act as trustee at a time when RAY is stillacting as trustee, RAY may, but is not required to, appoint a successor to KAY fromamong the Eckstein Children. The term "Eckstein Children " or "Eckstein Child" asused herein means and includes SUSAN ECKSTEIN HOMRA, JOANNEECKSTEIN DEL DOTTO, TERESA ECKSTEIN, JOHN P. ECKSTEIN,RAYMOND A. ECKSTEIN, JR., CYNTHIA ECKSTEIN ERICKSON and JOSEPH

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FORM 990-PF


P. ECKSTEIN. If KAY ceases to act as a trustee at a time when Ray has alreadyceased to act as a trustee, no successor to KAY shall be appointed.

(3) When RAY ceases to act as a trustee, regardless ofwhether KAY is then serving as a trustee, all of the then living Eckstein Children shallbecome or, if already serving, continue to serve as trustees. In addition, if anyEckstein Child has died prior to the time RAY ceases to act as a trustee, the thenliving Eckstein Children shall by majority vote appoint a trustee from among suchdeceased Eckstein Child's spouse, his descendants or the spouses of his descendants;if there is no such individual available or willing to act as a trustee, the then livingEckstein Children shall by majority vote appoint as trustee any individual who is adescendant or the spouse of a descendant of RAY and KAY.

(4) Each of the persons who is or becomes a trustee underparagraph (3) above has the right to designate his or her spouse, one of his or herdescendants, or a spouse of one of his or her descendants as his or her successortrustee in the event he or she ceases to act; each such successor trustee, includingsuccessors appointed by successors, has a similar right to designate his or her spouse,one of his or her descendants, or a spouse of one of his or her descendants, as his orher successor trustee in the event he or she ceases to act. It is the Settlors' intent thatafter RAY has ceased to act as a trustee there always be a minimum of seven (7)trustees acting, and that each of such seven (7) trustee positions, respectively, be filledby an Eckstein Child or by a descendant or the spouse of a descendant of suchEckstein Child (each such trustee hereinafter referred to as an "Eckstein FamilyMember Trustee").

(5) If an Eckstein Family Member Trustee having a right toappoint a successor trustee under paragraph (4) above, fails to make such anappointment either prior to or within one hundred twenty (120) days after havingceased to act as trustee, the remaining Eckstein Family Member Trustees shall bymajority vote appoint a successor trustee from among the spouse, the descendants, orthe spouses of the descendants of the Eckstein Family Member Trustee who hasceased to act as trustee. If there is no such individual available or willing to act as asuccessor Eckstein Family Member Trustee, then the remaining Eckstein FamilyMember Trustees shall by majority vote appoint as successor trustee any individualwho is a descendant or the spouse of a descendant of RAY and KAY.

(6) We authorize and encourage each Eckstein FamilyMember Trustee with the power to appoint his or her successor to execute and filewith the trust records a revocable anticipatory appointment of successor trustee.

(7) At any time and from time to time, by a written instrument

filed with the trust records signed by at least three-quarters (3/4) of the Eckstein

Family Member Trustees, an additional trustee or trustees ("Additional Trustee(s)")


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FORM 990-PF


may be appointed to serve as trustee. An Additional Trustee may be appointed for aspecific purpose and on such conditions or for such term as may be specified in theinstrument of appointment. An Additional Trustee may but need not be a descendantor the spouse of a descendant of RAY and KAY. An Additional Trustee shall nothave the right to appoint a successor, and when he ceases to act as a trustee, he neednot be replaced. The maximum number of Additional Trustees shall never be morethan two (2) less than the number of Eckstein Family Member Trustees then acting.

(8) No trustee (except RAY and KAY), whether an EcksteinFamily Member Trustee or an Additional Trustee shall be eligible to serve unless heor she has attained age 25 and is under age 86. If an individual is appointed to be asuccessor trustee and is under age 25 when such appointment would otherwisebecome effective, the appointment shall be invalid and shall be treated as though thetrustee ceasing to act had not appointed a successor. When a trustee (other than RAYor KAY) reaches age 86 he shall be deemed to have ceased to act as a trusteehereunder, and if he or she is an Eckstein Family Member Trustee, he or she shallhave the right to appoint his or her successor in accordance with the provisions ofparagraph (4) above.

(9) If the spouse of an Eckstein Child or of a descendant of anEckstein Child separates or is divorced from an Eckstein Child or from the descendantof an Eckstein Child and is at such time serving as an Eckstein Family MemberTrustee, such separation or divorce shall not be cause for such spouse's resignation orremoval as trustee, and he or she may continue to serve as an Eckstein FamilyMember Trustee until he or she for other reasons ceases to act or is deemed to haveceased to act as a trustee.

(10) Any person acting as trustee shall be deemed to haveceased to act as a trustee whenever it is determined by at least three-quarters (3/4) of

the Eckstein Family Member Trustees (not counting the trustee as to which the

determination is to be made) that he or she is mentally or physically unable to

administer the trust affairs properly. Any such determination shall be made in a

written statement filed with the trust records. Anyone relying on such statement is

released from any liability on account of such reliance.

(B) Powers and Duties

(1) Without limiting powers incidental to the purposes of thistrust or otherwise existing by law, the trustees shall have, without approval of any

court, the powers set forth in the attached Schedule of Trustee Powers, which is

hereby incorporated by reference.

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(2) The trustees are authorized and encouraged to engage oneor more investment advisors in order to maximize the total return on the assets of thetrust.

(3) The trustees may adopt by-laws further delineating theprocedures to be followed in carrying out the charitable purposes of this trust.

(4) The trustees shall receive reasonable compensation forservices rendered as well as reimbursement for all reasonable expenses includingtravel expenses incurred in the administration of this trust.

(5) The trustees may (a) delegate to any one or more trusteesor to agents who are not trustees the authority to act in place of the trustees in theinvestment and reinvestment of the trust's assets, (b) contract with independentinvestment advisors, investment counsel or managers, banks or trust companies, to soact, (c) authorize the payment of compensation for investment advisory ormanagement services, and (d) employ other agents, brokers, attorneys andaccountants (including any trustee) and may delegate ministerial duties to suchpersons. In exercising their powers under this paragraph the trustees shall begoverned by the standard of conduct described in section 881.016, Wis. Stats., as fromtime to time amended. No trustee shall be liable for any claim or loss resulting frominvestments made or held during a period during which, pursuant to this paragraph,the trustee had delegated his or her investment duties, except when the trustee hadfailed to use reasonable care in selecting and retaining the agent.

(6) By a written instrument signed by at least three-fourths ofall the trustees (both Eckstein Family Member Trustees and any Additional Trustees),any one or more trustees, or any one or more other persons who are not trustees maybe authorized (jointly or severally as such instrument specifies) to write checks andotherwise direct the transfer, deposit, investment or disbursement of funds or otherassets of this trust for the purposes enumerated in Article II of this trust or for theproper administration of this trust.

(7) No successor trustee shall be liable for any loss caused byan act or omission of any previous trustee, whether or not such successor trustee has

examined the accounts or actions of any previous trustee. A successor trustee shall

accept without examination or review the accounts rendered and the property

delivered by or for a previous trustee without incurring any liability or responsibility

for so doing.

(8) No trustee shall be liable for any loss caused by the act oromission of any co-trustee, of any previous trustee, or of any custodian, agent,depository or counsel selected and retained with reasonable care.


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(C) Action by Trustees

For purposes of determining whether there is a quorum at ameeting, a majority of the trustees (including both Eckstein Family Member Trusteesand any Additional Trustees) shall constitute a quorum. The decision of a majority ofa quorum of the trustees shall control except in those cases where this agreementspecifically provides that a vote or written consent or authorization of more than amere majority of the trustees is required. A trustee will be considered as attending atrustee meeting if the trustee attends in person or by telephone, conference call,videoconference or similar means.

(D) Miscellaneous

No bond shall be required of any trustee . Any trustee may resignat any time by notice to the remaining trustees and filing such notice with the trustrecords . The appointment of a successor trustee shall be accomplished by a writteninstrument delivered to and accepted by such successor and then filed with the trustrecords.

Dated this day of September , 2008 , in the County of Grant, State ofWisconsin.

In the Presence of.

TEIN,as Settlor

)SXTHRYN A. ECKSTEIN,

k"U

as Settlor

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AFFIDAVIT OF PROOF OF TRUST AMENDMENT

STATE OF WISCONSIN)) ss.

GRANT COUNTY )

RAY A. ECKSTEIN and KATHRYN A. ECKSTEIN, Lhe Settlors of

the Ray and Kay Eckstein Charitable Trust, and LAOR i 1^ p,- 4and L-,, oA the witnesses , respectively, whose names are

signed to the foregoing Amendment to and Complete Restatement of the Ray and Kay

Eckstein Charitable Trust, being first duly sworn, do hereby declare to the

undersigned officer that on the day of September, 2008, the Settlors signed and

executed the instrument in the presence and hearing of said witnesses as an

Amendment to Agreement of Trust ; and that each of them had signed voluntarily; and

that each of the witnesses , in the presence and hearing of the Settlors and each other,

signed the Amendment to Agreement of Trust as a witness; and that to the best of the

knowledge of each witness , the Settlors were at that time eighteen (18) or more years

of age , of sound mind , and under no constraint or undue influence.

A. ECKSTEIN,I(AVas Settlor

I CTHRYN A' ECKSTEIN,as Senior

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FORM 990-PFPAGE 4, PART VII-A, QUESTION 3

The foregoing instrument was subscribed, sworn to and acknowledgedbefore me this day of September , 2008 , by RAY A. ECKSTEIN andKATHRYN A. ECKSTEIN, the Settlors , who are personally known to me or who

nse asideation and who did take an oath , and by the21[adueed 9''111

witnesses , who are personally known to me or who have produced ^ ^^ers' lic ns asiccntificen and who did take an oath.

Executed this day of September, 2

ignature of Notary

SEAL L-y IS 1'J CKCYPrinted Name of Notary Public

Type of identification utilized by the Notary

Trustee. l'S.Personal Knowledge 11 Driver's license

Trustee 1 Personal Knowledge Q Driver's license

Witness l: -y2 Personal Knowledge O Driver's license

Witness 2 Personal Knowled ge 0 Driver's license

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_ 12 _RAY & KAY ECKSTEIN CHARITABLE TRUST

EI#: 39-6786592

FORM 990-PF



CHARITABLE TRUST

SCHEDULE OF TRUSTEE POWERS

In extension and not in limitation of the common law and statutory powers oftrustees and other powers granted in this trust agreement, the trustees shall have thefollowing discretionary powers:

(A) To invest and reinvest the principal and income of the trust in suchproperty, real, personal, or mixed, and in such manner as they shall deem proper, andfrom time to time change investments as they shall deem advisable; to invest in orretain any stocks, shares, bonds, notes, obligations, or personal or real property(including without limitation and interests in or obligations of any corporation,association, business trust, investment trust, common trust fund or investmentcompany) although some or all of the property so acquired or retained is of a kind orsize which but for this express authority would not be considered proper and althoughall of the trust funds are invested in the securities of one company. No principal orincome, however, shall be loaned, directly or indirectly, to any trustee or anyone else,corporate or otherwise, who has at any time made a contribution to this trust, nor toanyone except on the basis of an adequate interest charge and with adequate security.

(B) To sell, lease, or exchange any personal, mixed, or real property, atpublic auction or by private contract, for such consideration and on such terms as tocredit or otherwise, and to make such contracts and enter into such undertakingsrelating to the trust property, as they consider advisable, whether or not such leases orcontracts may extend beyond the duration of the trust.

(C) To borrow money for such periods, at such rates of interest, and uponsuch terms as the trustees consider advisable, and as security for such loans tomortgage or pledge any real or personal property with or without power of sale; toacquire or hold any real or personal property, subject to any mortgage or pledge on orof property acquired or held by this trust.

(D) To execute and deliver deeds, assignments, transfers, mortgages,pledges, leases, covenants, contracts, promissory notes, releases, and otherinstruments, sealed or unsealed, incident to any transaction in which they engage.

(E) To vote, to give proxies, to participate in the reorganization, merger or

consolidation of any concern, or in the sale, lease, disposition, or distribution of itsassets; to join with other security holders in acting through a committee, depositary,

voting trustees, or otherwise, and in this connection to delegate authority to such

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- 13 - RAY & KAY ECKSTEIN CHARITABLE TRUSTEI#: 39-6786592

FORM 990-PFPAGE 4, PART VII-A, QUESTION 3

committee, depositary, or trustees and to deposit securities with them or transfersecurities or to exercise subscription rights in respect of securities.

(F) To employ a bank or trust company as custodian of any funds orsecurities and to delegate to it such powers as they deem appropriate, to hold trustproperty without indication of fiduciary capacity but only in the name of a registerednominee, provided the trust property is at all times identified as such on the books ofthe trust; to keep any or all of the trust property or funds in any place or places in theUnited States of America; to employ clerks, accountants, investment counsel,investment agents, attorneys and any special services, and to pay the reasonablecompensation and expenses of all such services in addition to the compensation of thetrustees.

QB\5416050 7


EI#: 39-6786592

FORM 990-PF


TRUSTEE'S ACCEPTANCE

WHEREAS, by an Amendment to and Complete Restatement of the

Ray and Kay Eckstein Charitable Trust (the "Trust") dated

June 23, 2008, Ray A. Eckstein'and Kathryn A. Eckstein, the

Settlors of the Trust, did appoint the undersigned to serve

Iktogether with the Settlors as co-trustees of the Trust; and

WHEREAS, the undersigned is willing to serve as a co-

trustee of the Trust.

NOW, THEREFORE, the undersigned does hereby accept and

agree to act as a co-trustee of the Trust effective as of

June 23r- , 2008.

Dated as of the k1day of June, 2008.

C. thia L. Erickson

QBACTIV E\6298773.1

RAY & KAY ECKQQRETABLE,RUSTEI#: 39-6786592

FORM 990-PFPAGE 4, PART VII -A, QUESTION 3

Form 8868 (Rev 4-2009) Page 2

• if you are filing for an Additional (Not Automatic) 3-Month Extension , complete only Part II and check this box ► [X

Note . Only complete Part II if 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)

of rime . Only file the

Type orName of Exempt Organization Employer identification number

printY & KAY ECKSTEIN CHARITABLE TRUST 39-6786592

File by tneNumber , street , and room or suite no . If a P 0 box , see instructions For IRS use only

extendedduecatetor 1 975 ALBEN BARKLEY DRIVE, NO. #2fil i ng tee

return see City , town or post office , state , and ZIP code For a foreign address , see instructionsinstructions ADUCAH, KY 42001

Check type of return to be filed (File a separate application for each return)

Form 990 El Form 990-EZ El Form 990•T (sec. 401(a) or 408 (a) trust ) E] Form 1041-A El Form 5227 El Form 8870

Form 990-BL Form 990•PF 0 Form 990-T (trust other than above) 0 Form 4720 E] Form 6069

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

DOREEN HAHN

• The books are in thecare of ► 4975 ALBEN BARKLEY DRIVE, SUITE #2 - PADUCAH, KY 42001

TelephoneNo (270) 534-8930 FAXNo ► (270) 534-8940

• 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 ► El If It is for part of the group check this box ► and att ach a list with the names and EINs of all members the extension is for.

4 I request an additional 3-month extension of time until NOVEMBER 15, 2009

5 For calendar year 2 0 0 8 , or other tax year beginning , and ending

6 If this tax year is for less than 12 months , check reason . 0 Initial return 0 Final return E] Change in accounting period

7 State in detail why you need the extension

ADDITIONAL TIME IS NEEDED TO PREPARE A COMPLETE AND ACCURATE RETURN.

K-1'S FROM PARTNERSHIP INVESTMENTS ARE STILL BEING GATHERED & ANALYZED.

Ba If this application is for Form 990-BL , 990•PF, 990'T, 4720, or 6069 , enter the tentative tax, less anyCoc lnctntrtlrfns _ 8a $ 17,500.

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 8b $ 43,329.

c Balance Due. Subtract line 8b from line 8a Include your payment with this form , or, if required, deposit

with FTD coupon or , if required , by using EFTPS Electronic Federal Tax Payment System) See instructions Sc 0.

Signature and Verification

Under penalties of penury, I declare that I have examined this form , including accompanying schedules and statements , and to the best of my knowledge and belief,

it is true , correct , d complete , and that I am aut razed to prepare this form

Si nature ► Title ► OPERATIONS MANAGER Date ► 8 10 49Form 8868 (Rev 4-2009)

o 932 (DLPy'110810 138058 R&KECT 2008.04000 RAY & KAY ECKSTEIN CHARITAB R&KECT_1

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