IF - AUSWR Homeuswestretiree.org/5500 for 2005.pdfForm 5500 (2005) Page 2 n i,i Official Use Only 3a...

FForm 5500

Department of the TreasuryInternal Revenue Service

Department of LaborEmployee Benefits Security

Administration

Pension Benefit Guaranty Corporation

Annual Return/Report of Employee Benefit PlanThis form is required to be filed under sections 104 and 4065 of the Employee

Retirement Income Security Act of 1974 (ERISA) and sections 6047(e),

6057(b), and 6058(a) of the Internal Revenue Code (the Code),i~ Complete all entries in accordance with

the instructions to the Form 5500,Annual Report Identification Information

I.

I IIIIIIIOfficial Use Only

OMB Nee. 1210- 01101210 - OO89

2005This Form is Open to

Public Inspection,

For the calendar plan year 2005 or fls0al plan year beginning and endingA This return/report is for: (1) U a multiemployer plan; (3) ~ a multiple-employer plan; or

(2)]X~ a single-employer plan (other than a (4)U a DFE (specify)

multiple.employer plan);

B This return/report is: (1) ~] the first return/report filed for the plan; (3) ]--] the final return/report filed for the plan;(2) tl an amended return/report; (4) U a short plan year return/report (less than 12 months~.

IF

C If the plan is a collectively-bargained plan, check here ........ I~

under an extension of time or the DFVC program, check box and attach required information. (see instructions) ................................. jb.

f~il ~ P/an information-- enter all requested information.la Name of plan

QWEST PENSION PLAN

2a Plan sponsor’s name and address (employer, if for a single-employer plan)

(Address should include room or suite no.)QWEST COMMUNICATIONS INTERNATIONALINC.

1801 CALIFORNIA STREET, SUITE 2300

DENVER CO 80202

[1 b Three-digit |

plan number(PN) I~~ 005

lc Effective date of plan (me., day, yr.)

01/01/1984

iiiiiJii iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiil!i!!!i}!l}liiiiii iiiiiiiiiiiiiiiiiiii i iii!!i !iiiii iiiiiiiiiiiiiiiiii2b Employer Identification Number(EiN)

84-13392822¢ Sponsor’s telephone number

800-879-43572d Business code (see instructions)

517000

Caution: A penalty for the late or incomplete filing of this return/report will be assessed unless reasonable cause is established.

Under penalties of perjury and other penalties set forth in the tnstruotlons, I declare that I have examined this return/report, includ ng accompany ng sohedu as, statements and attachments as wellas the electronic ve~ion of this return/report ff it is being filed electronically, and to the best of my knowledge and boiler, it is true, correct and complete¯

, ’~’~ature of~lan a~n~ims~a~t&r -/- Date .... ~ual signing as plan administrator

Sign~atuie of empllyel/plan tponsor/DFE / Dat(~ Type or print name of individual signing = emp,~y~ i i~

For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500. v8.2 Form 5500 (2005)

@

ic~

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u IIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIj

Form 5500 (2005) n i,iOfficial Use Only

3a Plan administrator’s name and address (If same as plan sponsor, enter "Same")SAME

3b Administrator’s EIN

3C Administrator’s telephone number

4 If the name and/or EIN of the plan sponsor has changed since the last return/report filed for this plan, enter the name,EIN and the plan number from the last return/report below:

a Sponsor’s name

5 Preparer information (optional)BROCK AND COMPANY,

a Name(includingfirmname, ifapplicable)andaddressCPAS, P.C.

CIRCLE, SUITE 710

CO 80120

26 WEST DRY CREEK

LITTLETON

b EIN

¢ PN

b EIN

84-0930288C Telephone number

303-794-5661Total number of participants at the beginnioq o..f.the plan year ..............................................................................6 1 0 3 0 9 3

::::::::::::::::::::: :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::7 Number of participants as of the end of the plan year (welfare plans complete only lines 7a, 7b, 7c, and 7d) ::;:;:::::::::::::::]:::::: ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::]:::::::::::::::::::::::::]::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

a Active participants .............................................................................................................................................

i:t

37618b Retired or separated participants receiving benefits .............................................................................................7b 3 6 3 6 5c Other rut red or separated part c pants entitled to future benefits ................................. 2 1 8 9 1d Subtotal. Add lines 7a, 7b, and 7o ....................................................................................................................7d 9 5 8 7 4e Deceased participants whose beneficiaries are receiving or are entitled to receive benefits .................................... 7e 4 4 0 3f Total. Add lines 7d and 7e - ~ 1 0 0 2 7 7g Number of participants with account balances as of the end of the plan year (only defined contribution plans

.7£[complete this. item) ............................................................................................................................................h Number of participants that terminated employment during the plan year with accrued benefits that were less than

100% vested ......................................................................................................................................................7h t 667i If any participant(s) separated from service with a deferred vested benefit, enter the number of separated I

participants required to be reported on a Schedule SSA (Form 5500) .....................................................................7i I 5 8 58 Benefits provided under the plan (complete 8a and 8b, as applicable)

Pension benefits (check this box if the plan provides pension benefits and enter the applicable pension feature codes from the List of PlanCharacteristics Codes printed in the instructions): ~ ~ ~ ~ ~ ~ ~ [~ [~Welfare benefits (check this box if the plan provides welfare benefits and enter the applicable welfare feature codes from the List of PlanCharacteristics Codes printed in the instructions): ~ ~ I~ ~ ~ [~ ~ ~ [~

9a Plan funding arrangement (check all that apply)(1) l~ Insurance

(2)~ Code section 412(i) insurance contracts(3) Trust(4) General assets of the sponsor

9b Plan benefit arrangement (check all that apply)(1)~ Insurance(2) Code section 412(i) insurance contracts(3) Trust(4) General assets of the sponsor

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I IIIIII IIIII Irlll IIIII IIIII IIIII IIIII H I[III IIIIIII II IIII_J

F-Form 5500 (2005) I |1

Official Use Only

10a

Schedules attached (Check all applicable boxes and, where indicated enter the number attached. See instructions.)Pension Benefit Schedules(1) ~ R (Retirement Plan Information)(2)

~

B (Actuarial Information)(3) E (ESOP Annual Information)(4) SSA (Separated Vested Participant Information)

b Financial Schedules

(1) I H(2) I(3) 4 A(4) C(5) D(6) G(7) ]. P

(Financial Information)(Financial Information .. Small Plan)(Insurance Information)(Service Provider Information)(DFE/Participating Plan Information)(Financial Transaction Schedules)(Trust Fiduciary Information)

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I IIIIII IIIII Hill IIIII HI llllr lull IIIII IIIII IIIIIII II lllr_J

SCHEDULE A(Form 5500)

Department of the TraasbpJInternal Revenue Service

Department of LaborEmployee Benefits Secudty Administration


..... ) .........

Insurance InformationThis schedule is required 1o be filed under section 104 of the

Employee Retirement Income Security Act of 1974.

II~ File as an attachment to Form 5500.I~ Insurance companies are required to provide this information

pursuant to ERISA section 103(a)(2).

Official Use Only

OMB No. 1210-0110


Public Inspection.

For calendar plan year 2005 0r fiscal plan year beginning and ending__

A Nameofplan

1B Three’digit IQWEST PENSION PLAN plan number I1~ 0O5

C Plan sponsor’s name as shown on line 2a of Form 5500 D Employer Identification Number

QWEST COMMUNICATIONS INTERNATIONAL 84-1339282l,:~!~:iiii~ Information Concerning Insurance Contract Coverage, Fees, and Commissions

Provide information for each contract on a separate Schedule A. Individual contracts grouped as a unit in Parts II and III can be

reported on a single Schedule A.

1 Coverage:

(a) Name of insurance carrier

AETNA LIFE INSURANCE COMPANY

(b) EIN (c) NAIC (e) Approximate number of persons Policy or contract yearcode covered at end of policy or contract yeart (d) Contract or

identification number

3009506-6033492 60054 1002772 InsUrance fees and commissions paid to agents, brokers and other persons. Enter the total fees and total commissions below and list agents,

brokers and other persons individually in descending order of the amount paid in the items on the following page(s) in Part I.

¯ TotalsTotal amount of commissions paid Total fees paid / amount

For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500. v8.2 Schedule A (Form 5500) 2005

(f) From (9) To

/01/200512/31/2005

0605570100

I IIIIII IIIII IIIII IIIII IIIII ll[ll lllrr IIIII 11111 lllllll II IIII

ISchedule A (Form 5500) 2005 pag,e 2

Official Use Only

(a) Name and address of the agents, brokers or otherpersons to whom commissions or fees were paid

(b) Amount of Fees paid(e)

commissions paid Organization(c) Amount (d) Purpose code

(b) Amount of Fees paid (e)

commissions paid Organization(c) Amount (d) Purpose code

......... ¯ ......1..,, .,. ,:,,:: ~:-... ,,,. .............

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persons to whom commissions or fees were paid

(b) Amount ofcommissions paid

Fees paid

(e) Amount (d) Purpose

(e)Organization

code

0 6 0 5 5 7 0 2 0 P

IUlIIIIIIIII[IIHIJIIIIIIIIIIIIIIHIIIIIIHIIIIIIII

F ........) .......

iSchedule A (Form 5500) 2005 Page 8Crucial Use Only

Investment and Annuity Contract InformationWhere individual contracts are provided, the entire group of such individual contracts with each carrier may be treated as a unit forpurposes of this report.

3 Current value of plan’s interest under this contract in the general account at year end ....................................... T

4 Current value of plan’s interest under this contract in separate accounts at year end ......................................./ 112739909

5 Contracts With Allocated Fundsa Statethe basis of premium ratesl~b Premiums paid to carrier .................................................................................................................................C Premiums due but unpaid at the end of the year .............................................................................................d If the carrier, service, or other organization incurred any specific costs in connection with the acquisition

or retention of the contract or policy, enter amount ..........................................................................................Specify nature of costs I~

e Type of contract (1) II individual policies (2) U group deferred annuity(3) U other (specify) I~

f If contract purchased, in whole or in part,.t0 distribut.e...~enefits from a terminating plan check here ............... I~m]6 Contracts With Unallocated Funds (Do not include portions of these contracts maintained in separate accounts)a Zype of contract (1)

~ deposit administration(2)

~ immediate participation guarantee(3) guaranteed investment (4) other (specify below)

b Balance at the end of the previous year .........................................................................................................c Additions: (1) Contributions deposited during the year ....................................

(2) Dividends and credits ..............................................................................(3) Interest credited during the year ...............................................................(4) Transferred from separate account ............................................................(5) Other (specify below) .................................................................................

(6) Total additions ..........................................................................................................................................d Total of balance and additions (add b and c(6)) ................................................................................................e Deductions:

(1) Disbursed from fund to pay benefits or purchase annuities during year ......(2) Administration charge made by carrier .......................................................(3) Transferred to separate account ...............................................................(4) Other (spec fy be ow) ........................................................................

(5) Total deductions .....................f Balance at the end of the current year (subtract e(5) from d) ...........................................................................

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r-Schedule A {Form 5500) 2005

...........) ..... "1Page 4

Welfare Benefit Contract InformationOfficial Use Only

If more than one contract covers the same group of employees of the same employer(s) or members of the sameemployee organization(s), the information may be combined for reporting purposes if such contracts are experience.ratedas a unit. Where individual contracts are provided, the entire group of such individual contracts with each carrier may betreated as a unit for purposes on this report.

7 Benefit and contract type (check all applicable boxes)

i~

Health (°ther than dental or vision)bTemporary disability (accident and sickness) fStop loss (large deductible) j

............. Other (specify)l~

~Dental C ~ VisionLong.term disability g Supplemental unemploymentHMO contract k PPO contract

d I~ Life InsurancehU Prescription drug

I Indemnity contract

8a

b

C

d

Experience-rated contractsPremiums: (1) Amount received .....................................................................(2) Increase (decrease) in amount due but unpaid ..........................................(3) Increase (decrease) in unearned premium reserve ....................................(4) Earned ((1) + (2)- (3)) ..............................................................................................................................

Benefit charges: (1) Claims paid .....................................................................(2) Increase (decrease) in claim reserves ......................................................(3) Incurred claims (add (1) and (2)) ...............................................................................................................(4) Claims charged .......................................................................................................................................

Remainder of premium: (1) Retention charges (on an accrual basis) --(A) Commissions .................................................................................(B) Administrative service or other fees ...................................................(C) Other specific acquisition costs ........................................................(D) Other expenses ..............................................................................(E) Taxes .............................................................................................(F) Charges for risks or other contingencies ..........................................(G) Other retention charges ..................................................................(H) Total retention .................................................................................................................................

(2) Dividends or retroactive rate refunds. (These amounts were U paid in cash, or U credited.) ...............Status of policyholder reserves at end of year: (1) Amount held to provide benefits after retirement ..................(2) Claim reserves .......................................................................................................................................(3) Other reserves .......................................................................................................................................

Dividends or retroactive rate refunds due. (Do not include amount entered in c(2).) ..........................................Nonexperience-rated contracts:Total premiums or subscription charges paid to carrier ....................................................................................If the carrier, service, or other organization incurred any specific costs in connection with the acquisitionor retention of the contract or policy, other than reported in Part I, item 2 above, report amount ........................Specify nature of costs I~

9ab

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I lllllr IIIII IIIII IIIII HI IIIII IIIII IIIII IIIII llrllll II IIII



Department of LaborEmployee Benefits Security Administration


Insurance InformationThis schedule is required to be filed under section 104 of the


I~ File as an attachment to Form 5500.I~ Insurance companies are required to provide this information


I i

in|Official Use Only

OMB No. 1210-0110


Public Inspection.

and endingFor calendar plan year 2005 0r fiscal plan year beginning ]

A Name of plan B Three-digit /

QWEST PENSION PLAN plannumber I~ 005


QWEST COMMUNICATIONS INTERNATIONAL 84-1339282Information Concerning Insurance Contract Coverage, Fees, and CommissionsProvide information for each contract on a separate Schedule A. Individual contracts grouped as a unit in Parts II and III can bereported on a single Schedule A.

1 Coverage:


THE PRUDENTIAL INSURANCE COMPANYOF AMERICA

(c) NAIC (d) Contract or (e) Approximate number of persons Policy or contract yearcode identification number covered at end of policy or contract year(b) EIN 70 ....

22-12116 68241 [030057 100277I (t’) From (g) To

01/01/200512/31/2005

2 Insurance fees and commissions paid to agents, brokers and other persons. Enter the total fees and total commissions below and list agents,brokers and other persons individually in descending order of the amount paid in the items on the following page(s) in Part I.

TotalsTotal amount of commissions paid Total fees paid / amount


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0605570100

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FSchedule A (Form 5500) 2005 Page2

Official Use Only


(e)(b) Amount of Fees paid

commissions paidOrganization

(c) Amount (d) Purpose code

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commissions paid Organization

.....(c) Amount

l

(d) Purpose code

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Fees paid

(c) Amount l (d) Purpose

(e)Organization

code

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...........) .......... )I

Schedule A (Form 5500) 2005 Page 3 II IIOfficial Use Only

Investment and Annuity Contract InformationWhere individual contracts are provided, the entire group of such individual contracts with each carrier may be treated as a unit forpurposes of this report,

3 Current value of plan’s interest under this contract in the general account at year end .......................................4 Current value of plan’s interest under this contract in separate accounts at year end ....................................... 1 1 6 5 "7 2 8 8 15abCd

e

f6

Contracts With Allocated FundsState the basis of premium ratesl~Premiums paid to carrier .................................................................................................................................Premiums due but unpaid at the end of the year .............................................................................................If the carrier, service, or other organization incurred any specific costs in connection with the acquisitionor retention of the contract or policy, enter amount ..........................................................................................Specify nature of costs I~Type of contract (1) U individual policies (2) m~ group deferred annuity(3) [-] other (specify) I~

If contract purcl3._ased, in whole or in part, to distribute benefits from a terminating plan check here ............... I~HContracts With UnaUocated Funds (Do not include portions of these contracts maintained in separate accounts)Type of contract

(1)~ deposit administration(2)

[~ immediate participation guarantee(3) guaranteed investment (4) other (specify below)

Balance at the end of the previous year .........................................................................................................Additions: (1) Contributions deposited during the year ....................................(2) Dividends and credits ..............................................................................(3) Interest credited during the year ...............................................................

¯ (4) Transferred from separate account ............................................................(5) Other (specify below) .................................................................................

(6) Total additions ..........................................................................................................................................Total of balance and additions (add b and c (6)) ................................................................................................Deductions:(1) Disbursed from fund to pay benefits or purchase annuities during year ......(2) Administration charge made by carrier ......................................................(3) Transferred to separate account ...............................................................(4) Other (specify below) .................................................................................

(5) Total deductions .......................................................................................................................................Balance at the end of the current, year (subtract e(5) fr£m,d) ...........................................................................

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Schedule A (Form 5500) 2005 Page 4Official Use Only

Welfare Benefit Contract InformationIf more than one contract covers the same group of employees of the same employer(s) or members of the sameemployee organization(s), the information may be combined for reporting purposes if such contracts are experience-ratedas a unit. Where individual contracts are provided, the entire group of such individual contracts with each carrier may betreated as a unit for purposes on this report.

8a

9ab

Benefit and Contract type (check all applicable boxes)

a ~] Health (other than dental or vision) ~e ~_J Temporary disability (accident and sickness)i H Stop loss (large deductible)

mJl Ot her ~specify~l~ .=

Dental c ~ Vision dr~H Life InsuranceLong.term disability

gU Supplemental unemploymenthU Prescription drug

HMO contract k PPO contract I Indemnity contract

Experience-rated contracts i=‘~‘i~iiiii~i~;i~;iii~;i~i~=iii~;i~i~i~‘i~i~i~‘i~iii~i~i~iii~i~i~i~i~i~iii~i~iii~i~i~i~iii~i~i~iii~i~i~i~i~i~i~i~i~i~i~i~i~i~i~i

Premiums: (1)Amount received ..................................................................... ~ii~~i~~i~~i~~iE~i~~i!~~~i~~i~~i~~i~i~~i~!i~~i:Ei!ii!!i~~ii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii(2) Increase (decrease) in amount due but unpaid ..........................................

~ii::i:.~::i::~::~::~::~::~ii::~::~:~::~::~::~:~::~::~::~!~::~::!~:!::!!!~:!::!::~::!~!~:;~!~!::~::!~!~:!::!~!:~::!::!:~::~:~::~::~!i~i~::~::~::!!(3) Increase (decrease) in unearned premium reserve ....................................(4) Earned ((1) + (2), (3)) ............................................................................................................................../

charges: (1) Claims paid .....................................................................lBenefit/

(2) ncrease (decrease) in c a m reserves ....................................................I I

(3) Incurred claims (add (1) and (2)) ...............................................................................................................I(4) Claims charged .......................................................................................................................................

Remainder of premium: (1) Retention charges (on an accrual basis) --(A) Commissions .................................................................................(B) Administrative service or other fees ................................................... ;~;[~;~[~;~[~;~;~[[~[~[~;;~[~:¯:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:(C) Other specific acquisition costs .........................................................

~i~i~i~i~i~iii~ii~ii~ii~i~iii~i~i~ii~i~ii~iiii~i~ii~i~iii~i~i~i~iiii~:

(F) Charges for risks or other contingencies .......................................... ~i~i~i~i~ii~i~ii~i~i~i~i~iiiii~i~iii~i~ii~ii~iii1~[i~i~i~i~i~1~i~i~i~i~ii~!(G) Other retention charges .................................................................. :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::(H) Total retention ....................................................................................: ............................................

(2) Dividends or retroactive rate refunds. (These amounts were hJ paid in cash, or L_.J credited.) ..................Status of policyholder reserves at end of year: (1) Amount held to provide benefits after retirement ..................(2) Claim reserves .......................................................................................................................................(3) Other reserves .......................................................................................................................................

Dividends or retroactive rate refunds due. (Do not include amount entered in c~) ..........................................::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Nonexperience-rated contracts: :;::::;:;::::;:::::::::;:;:l:l:;:;:l:;:;:;:l:;::l::::;:;:l:;:;:;:::;:::::l:l::::::::l:l:;:l::::;:l:l::l::l:::::l:;:;:::::l:::::l::l:;:~::::Total premiums or subscription charges paid to carrier ....................................................................................If the carrier, service, or other organization incurred any specific costs in connection with the acquisitionor retention of the contract or policy, other than reported in Part I, item 2 above, report amount ........................Specify nature of costs II~

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Department of I_aborEmployee Benefits Security Administration


.........~ .......... )



I~ File as an attachment to Form 5500.I~ Insurance companies are required to provide this information


IOfficial Use Only

OMB No. 1210"0110


Public Inspection.

For calendar plan year 2005 0r fiscal plan year be ginni_n.~A Name of plan

QWEST PENSION PLAN

and endingB Three-digit l

plan number ~ 0 0 5

D Employer Identification Number

84-1339282C Plan sponsor’s name as shown on line 2a of Form 5500QWEST COMMUNICATIONS INTERNATIONAL~’ Information Concerning Insurance Contract Coverage, Fees, and Commissions

Provide information for each contract on a separate Schedule A. Individual contracts grouped as a unit in Parts II and III can be


1 Coverage:


THE PRUDENTIAL INSURANCE COMPANYOF AMERICA

(d) Contract or (e) Approximate number of personsidentification number covered at end of policy or contract year

(b) EIN /

22-1211670

(c) NAIC I0code

68241 3 0057 100277f0

Policy or contract year

(f) From i (g) To

1/01/200512/31/20052 Insurance fees and commissions paid to agents, brokers and other persons. Enter the total fees and total commissions below and list agents,


TotalsTotal amount of commissions paid T Total fees paid / amount


0605570100

, I Iiiiii IIIII IIIII IIIII IIIII IIIII lull IIIii IIIII IMI II IIII

F ..... i:) .........ISchedule A (Form 5500) 2005 Page2

Offtclal Use Only



commissions paid Organization(e) Amount (d) Purpose code

(e)(b) Amount of Fees paid Organizationcommissions paid

(�) Amount (d) Purpose code

;’,i ;~:i~i;’!i~’ ’,’ z. ,,, ,,, :, :, ;, :, ’,’![[’ii;i:![’,’ :’ :’ :’ ;’ :’ :’ :’ ’,’ ~’ ’,’ ’,’ :’ ;’ ’, :’ : : :’ : :’ :’ :’ : :’ : ; : : : :;::: : : :’ : ; :’ :’ :’ ,,d. :-:-: ,;.:.z. :. L-:. :-:-:.:-:-:-:-:-:-:-:-:-:-:-:-:-;-:-:-;-:. :-:-:-:-:-:. :.:-:. :-:.: .:-:-:. :.:. :. :. :. ;. :-:-:. :+:+ :. ;. :. :. :. ;. :+ :+:-; + :. ;. ;+ :. :. X. ’.. :. :.:.: [t:~,i~ :’,~:[,;~ L[, £, ~ ~,~, ’,, ;,., ;" ;,.’.": :,.......-..............-...v.. :....:..... v.-. v..::.., v......, .. h , ’, q Y¢£¢£rh’.Y.’.....v:- v. v...., v. v..:.....v :.v:.. :..., fl’"’Ylh Y ¢1’r"£’" :"’"" v(a) Name and address of the agents, brokers or other



Fees paid

(c) Amount

l

(d) Purpose

(e)Organization

code

0 6 0 5 5 7 0 2 0 P

ISchedule A (Form 5500) 2005 Page 3 I ....

Official Use Only


3 Current value of plan’s interest under this contract in the general account at year end .......................................[4 Current value of plan’s interest under this contract in separate accounts at year end .......................................[ .5 4 7 8 2 8 3 5

Contracts With Allocated FundsState the basis of premium rates I~Premiums paid to carrier .................................................................................................................................Premiums due but unpaid at the end of the year .............................................................................................If the carrier, service, or other organization incurred any specific costs in connection with the acquisitionor retention of the contract or policy, enter amount ..........................................................................................Specify nature of costs I~Type of contract (1) ~] individual policies (2) U group deferred annuity(3) ~ other (specify) I~If contract purchased, in whole or in part, to distribute benefits from a terminating.plan check here ............... I1~Contracts With Unallocated Funds (Do not include portions of these contracts maintained in separate accounts)Type of contract (1)

~] deposit administration(2}

~ immediate participation guarantee(3) guaranteed investment (4) other (specify below)

Balance at the end of the previous year .........................................................................................................

5abcd

Additions: (1) Contributions deposited during the year ....................................(2) Dividends and credits ..............................................................................(3) Interest credited during the year ...............................................................(4) Transferred from separate account ............................................................(5) Other (specify below) .................................................................................

e

f6a

bc

de

(6) Total additions ..........................................................................................................................................Total of balance and additions (add b and c(6)) ................................................................................................Deductions:(1) Disbursed from fund to pay benefits or purchase annuities during year ......(2) Administration charge made by carrier .......................................................(3) Transferred to separate account ...............................................................(4) Other (specify below) .................................................................................

(5) Total deductions .......................................................................................................................................Balance at the end of the £u[,r, ent,ze_a,r (subtract e(5) from d) ...........................................................................

i

I0 6 0 5 5 7 0 3 0 Q

I IIIIII IH IIIII IH IIIIi ilrrr lUll M llrll llrrrll Ir IIII_J

Schedule A (Form 5500) 2005 Page4

Welfare Benefit Contract Informationo~,ci.I u.e o.iy "

If more than one contract covers the same group of employees of the same employer(s) or members of the sameemployee organization(s), the information may be combined for reporting purposes if such contracts are experience.ratedas a unit. Where individual contracts are provided, the entire group of such individual contracts with each carrier may betreated as a unit for purposes on this report.

7 Benefit and contract type (check all applicable boxes)

a ~ Health (other than dental or vision)

b~ Dental c~e ~ Temporary disability (accident and sickness) f Long-term disability gi I--J Stop loss (large deductible) j HMO contract kml I Other (spec!fy)l~

8 Experience-rated contracts|

a Premiums: (1) Amount received .....................................................................J(2) Increase (decrease) in amount due but unpaid ..........................................(3) Increase (decrease)in unearned premium reserve ....................................(4) Earned ((1) + (2)-(3)) ..............................................................................................................................

b Benefit charges: (1) Claims paid .....................................................................(2) Increase (decrease) in claim reserves ......................................................I(3) Incurred claims (add (1) and (2))(4) Claims charged .......................................................................................................................................

C Remainder of premium: (1) Retention charges (on an accrual basis) - .(A) Commissions .................................................................................(B) Administrative service or other fees ...................................................(C) Other specific acquisition costs .........................................................(D) Other expenses ..............................................................................(E) Taxes .............................................................................................(F) Charges for risks or other contingencies ..........................................(G) Other retention charges ..................................................................(H) Total retention .................................................................................................................................

(2) Dividends or retroactive rate refunds. (These amounts were I[ paid in cash, or II credited.) ..................

d Status of policyholder reserves at end of year: (1) Amount held to provide benefits after retirement ..................(2) Claim reserves .......................................................................................................................................(3) Other reserves .......................................................................................................................................

e Dividends or retroactive rate refunds due. (De not include amount entered in c(2).) ..........................................9 Nonexperience-rated contracts:a Total premiums or subscription charges paid to carrier ....................................................................................b If the carrier, service, or other organization incurred any specific costs in connection with the acquisition

or retention of the contract or policy, other than reported in Part I, item 2 above, report amount ........................Specify nature of costs I~

VisionSupplemental unemploymentPPO contract

d L-J Life InsurancehU Prescription drug

l Indemnity contract

1ii!iSiii!iii!iiiiiiiiiiiii!iiiiiii!i! iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii

/

l:’ ’ l:’ ’ ’ ÷,, ,, ,, ,,ii ,’ ,’ ,, ,

~ :: :: ~ ~ ~,:,’ ~ ,’ ,,, ,, ,,~’ ,, ~, ,, ,, ,,,, ,, ,: ~ ,’ , ,

0 6 0 5 5 7 0 4 0 R

I IIIIII IIIII iiiii IIIII iiiii IIiii IIIII IIIII IIIII Hill II IIII



Department of LaborEmployee Benefits Secudty Administration




I~ File as an attachment to Form 5500.

I~ Insurance companies are required to provide this informationpursuant to ERISA section 103(a)(2).

i1|Official Use Only

OMB No. 1210-0110

2005This Form is Open toPublic Inspection.

For calendar pl,an.y,e.ar.2.p05 0r fiscal plan year beginning and endingA Name of plan I B Three-digitQWEST PENSION PLAN plannumber I~ 005C Plan sponsor’s name as shown on line 2a of Form 5500

J D Employer Identification Number~QW.E_ST COMMUNICATIONS INTERNATIONAL 84-1339282Information Concerning Insurance Contract Coverage, Fees, and CommissionsProvide information for each contract on a separate Schedule A. Individual contracts grouped as a unit in Parts II and III can be


1 Coverage:


THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

(b) EIN (c) NAIC (d) Contract or (e) Approximate number of persons PolicY or contract yea[code identification number covered at end of policy or contract year (t) From (g) To

22-1211670 68241 030057 100277 31/01/2005 12/31/20052 Insurance fees and commissions paid to agents, brokers and other persons. Enter the total fees and total commissions below and list agents,


TotalsTotal amount of commissions paid Total fees paid / amount


0605570100

L I IIIIII IH IIIII IH IIIII IIIII IIIII IIIII IIIII IIIIIII II IIIIz

r-..........) ........ )

ISchedule A (Form 5500) 2005 Page2 I

Official Use Only



Organizationcommissions paid(o) Amount (d) Purpose code

::::::::::::::::::::::::::::::::::::::::::: :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: :::::::: :: ::::::: ::::::::::::::::::::::::::::::: :::::::::::::::: :::::::;:

(e) Name and address of the agents, brokers or otherpersons to whom commissions or fees were paid


commissions paid Organization

(c) Amount (d) Purpose code



Fees paid

(�) AmOunt (d) Purpose

(e)Organization

code

0 6 0 5 5 7 0 2 0 P

I IIIIII IH IIIil UIII IIIII IHII IIIll IH llIII IIllIIl II fill

ISchedule A (Form 5500) 2005 Page3 i ,i

Official Use Only


3 Current value of plan’s interest under this contract in the general account at year end .......................................4 Current value of plan’s interest under this contract in separate accounts at year end ....................................... 8 3 4 0 3 0 2 15abod

e

f6a

bc

de

(1)(2)(3)(4)

Contracts With Allocated FundsState the basis of premium ratesl~Premiums paid to carrier .................................................................................................................................Premiums due but unpaid at the end of the year .............................................................................................If the carrier, service, or other organization incurred any specific costs in connection with the acquisitionor retention of the contract or policy, enter amount ...........................................................................................Specify nature of costs I1~Type of contract (1) U individual policies (2) [U group deferred annuity(3) ~] other (specify) I~If contract purchased, in whole or in Iqart, to distribute benefits from a terminatin.q plan check here ............... ~’~]Contracts With Unalloeated Funds (Do not include portions of these contracts maintained in separate accounts)Type of contract (1)

~ deposit administration(2)

~,mmediateparticipationguarantee(3) guaranteed investment (4) other (specify below)

Balance at the end of the previous year .........................................................................................................Additions: (1) Contributions deposited during the year ....................................(2) Dividends and credits ..............................................................................(3) Interest credited during the year ...............................................................(4) Transferred from separate account ............................................................(5) Other (specify below) .................................................................................

(6) Total additions ..........................................................................................................................................Total of balance and additions (add b and c(6)) ...............................................................................................Deductions:

Disbursed from fund to pay benefits or purchase annuities during year ......Administration charge made by carrier ......................................................Transferred to separate account ......................... . ......................................Other (specify below) .................................................................................

(5) Total deductions .......................................................................................................................................Balance at the end of the current yea.r..,,~,u, btract e(5) from d) ...........................................................................

L_06055 ? 030Q

I IIIlll IIIII IIIII IIIII HI Illrl IIIII IIIII IIIII IH II Illl1

F-SchedUle A (Form 5500) 2005

...... )

Page 4Official Use Only

Welfare Benefit Contract InformationIf more than one contract covers the same group of employees of the same employer(s) or members of the sameemployee organization(s), the information may be combined for reporting purposes if such contracts are experience-ratedas a unit. Where individual contracts are provided, the entire group of such individual contracts with each carrier may betreated as a unit for purposes on this report.

Benefit and contract type (check all applicable boxes)

i I Health (other than dental or vision)i~ Dental C ~ Vision d ~ Life Insurance

Temporary disability (accident and sickness) Long-term disability g Supplemental unemployment h Prescription drugStop loss (large deductible) HMO contract k PPO contract I Indemnity contractOther (specify)l~Experience-rated contracts I

Premiums: (1) Amount received .....................................................................(2) Increase (decrease) in amount due but unpaid ......................... .................(3) increase (decrease) in unearned premium reserve ....................................(4) Earned ((1) + (2)- (3)) ..............................................................................................................................

!Benefit charges: (1) Claims paid .....................................................................

/(2) Increase (decrease)in claim reserves ......................................................(3) Incurred claims (add (1) and (2)) ...............................................................................................................(4) Claims charged .......................................................................................................................................

Remainder of premium: (1) Retention charges (on an accrual basis) --(A) Commissions .................................................................................(B) Administrative service or other fees ...................................................(C) Other specific acquisition costs .........................................................(D) Other expenses ..............................................................................(E) Taxes .............................................................................................(F) Charges for risks or other contingencies .........................................(G) Other retention charges ..................................................................(H) Total retention ...................................................................................................................................

(2) Dividends or retroactive rate refunds. (These amounts were U paid in cash, or L[ credited.) ..................d Status of policyholder reserves at end of year: (1) Amount held to provide benefits after retirement ..................

(2) Claim reserves .......................................................................................................................................(3) Other reserves .......................................................................................................................................

e Dividends or retroactive rate refunds due. (Do not include amount entered in c(2).) ..........................................9 Nonexperienoe.rated contracts:a Total premiums or subscription charges paid to carrier ....................................................................................b If the carrier, service, or other organization incurred any specific costs in connection with the acquisition

or retention of the contract or policy, other than reported in Part I, item 2 above, report amount ........................Specify nature of costs I~

L

0 6 0 5 5 7 0 4 0 R

I Iiiiii IIIII IWI IIIII IIIII IIIII IIIII IIIII I[III IIIH II Iiii

SCHEDULE B

(Form 5500)

Department of the TreasuryInternaJ Revenue Service


Administration


Actuarial InformationThis schedule is required to be filed under section 104 of the Employee

Retirement Income Security Act of 1974, referred to as ERISA, except whenattached to Form 5500-EZ and, in all cases, under section 6059(a) of the

Internal Revenue Code, referred to as the Code.

i~ Attach to Form 5500 or 5500-EZ if applicable.I~ See separate instructions,

IOfficial use Only m,

OMB No. 1210-0110

2005This Form is Open to Public

Inspection (except whenattached to Form 5500-EZ),

For calendar plan year 2005 or fiscal plan year beginning 01/01/2005 , and ending 12/31/2005 ,I~ Round off amounts to nearest dollar.

Caution: A penalty of $1,000 will be assessed for late filing of this report unless reasonable cause is established.

QWEST PENSION PLAN plan number...l~l 005

Employer Identification Number84-1339282

100 or fewer participants in ~.rior plan year

C Plan sponsor’s name as shown on line 2B of Form 5500 or 5500-EZQWEST COMMUNICATIONS INT’L, INC.

E Type of plan: (I)[7 Multiemployer (2iI~ Sing,e-emp,oyer (3)I..I Multiple-employer

Basic Informati’0n (To be CO~llet~BbyLILaj’p’a"~)I

la Enter the actuarial valuation date: Month 0 1 Day 0 1 Year 2005b Assets:

(1) Current value of assets .......................................................... I b(1) 9133515517(2) Actu adal value of assets for funding standard account .................................. b(2) 916 7 8 2 3 0 0 0

C (1) Accrued liability for plans using immediate gain methods ................................(2) Information for plans using spread gain methods:

(a) Unfunded liability for methods with bases ........................................ C~2Xa)(b) Accrued liability under entry age normal method ................................... c(2Xb) 7946418000(C) Normal cost under entw., age normal method ...................................... . c(2Xc) j 5 6 4 9 3 0 0 0

Statement by Enrolled Actuary (see Instructions before signing):To the best of my knowledge the information supplied in this schedu e and on the accompany ng schedules, statements, and attachments, if any, is complete and accurate, and

in my opinion each assumption used in combination represents my best asf mate of ant c pared exper once under the p an Furthermore, n the case of a p an other than amultiemployer plan each assumption used (a)is reasonable (taking into account the exper once of the plan and reasonable expectations) or (b) would, in the aggregate, result in a totalcontribution equi~ ~t which would be determined if each such assumption were reasonable; in the case of a multtemployer plan, the assumptions used, =n the aggregate, arereasonable (taking ~ acc~dunt the experience of the plan and reasonable expectations).

Signature of actuaryWICKES, GENE

Type or print name of actuaryWATSON WYATT & COMPANY

Firm name950 17TH STREET, SUITE 1400

DENVER CO 80202-0000

Address of the firm

DateG 05-03800

Most recent enrollment number303-298-7878

Telephone number (including area code)

If the actuary has not fully reflected any regulation or ruling promulgated under the statute in completing this schedule,check the box and see instructions..,., ¯ ;.,,- ~ ......... [7For Paperwork Reduction Act Notice and OMB Control Numbers, v8.2see the Instructions for Form 5500 or 5500-[:;’.

111iIIIII!1 t111 111 11 Ill0 8 0 5 5 4 0 1 0 N

L_ I IIIIII IIIII III IIIII IIIII IIIII IIIII IH IIIII MII II IIII

Schedule S (Form 5500) 2005

/

r-- ......! "}

ISchedule B (Form 5500) 2005 Page 2Official Use Only

ld information on current liabilities of the plan:(1) Am~unt exc~uded fr~m current ~iabi~ity attributab~e t~ pre-participati~n service (see instrusti~ns) ~ "(2) "RPA ’94" information:

(a) Current liability .............................................................(b) Expected increase in current liability due to benefits accruing ring the plan year .........(c) Current liability computed at highest allowable interest rate ( instructions) .............(d) Expected release from "RPA ’94" current liability for the plan year ......................

~lan disbursements for the plan year,2 Operational information as of beginning of this plan year:

a Current value of the assets (see instructions).... L .... ~A,,A,,’’,~:: .....

0

d(2Xa) 84 92432000d(2Xb) ; 14392100"0L

d(2Xc) i 84 92432000d.(2Xd)

d(3) 7 66322000,,i,uJi ,,,

23 9133515517

(3) Total Benefitsb "RPA ’94" current liability: (1) No. of Persons (2),.Vas~dBenefits(1) For retired participants and beneficiaries receiving payments ..... 41653 51633 65 00 0(2) For terminated vested participants ......................... 21405 ................ 492465000(3) For active participants ................................... 40037 2036095000(4) Total ................................................. 103095 7691925000If the percentage resulting from dividing line 2a by line 2b(4), column (3), is less than 70%, entersuch percentage ........................................................................

5163365000

492465000

2836602000

...... 8492432000"

%3 Contributions made to the plan for the p I,, year, by employer(s) and e.mp~yees:

(b) (c) ^ld b (b) id (c)(a) Amount paid by Amount p°" y (a) Amount pai by Amount paid byMonth-Day-Year e_mployer employees .... Mon!h_Day-Year emp,!oyer emptoyees

...... i

3 Tom,, ~’.l:.(b)..: 0l(c) l o4 Quarterly contributions and liquidity shortfall(s):

a Plans other than multlemployer plans, enter funded current liability percentage for precedingyear (see instructions) ........................................................................ 14a 1 i i 3.9

b If line 4a is less than 100%, see instructions, and complete the following table as applicable:

............. LLq. uid[~shortfall as of end of Quarter of this plan yearJ,

., (2)_ ..... 2nd ....... ,{3}., 3rd (4) 4th

,,,,, ,,

L0 8 0 5 5 4 0 2 0 O

IIIlU M IIIII M IIIIi M IIIII IH IIIII IIIIIII II IIII_J

F lSchedule B .~.Form 5500) 2005 Page 3III

Official Usa Only

5 Actuarial cost method used as the basis for this plan year’s funding standard account computation:a J-] Attained age normal b N Entry age normal C [7 Accrued benefit (unit credit)

d ~ Aggregate e [7 Frozen initial liability f [-] Individual level premium

g [-] Individual aggregate h ~] Other (specify) I~I Has a change been made in funding method for this plan year?. ............................................... J~ Yes

Ik

68

b

Cd

ef

g

h

If line i is "Yes," was the change made pursuant to Revenue Procedure 2000-40? ................................. r-] YesIf line i is "Yes," and line j is "No" enter the date of the ruling letter (individual or

, c!ass/ approving the than Be in funding.method ............................. MonthChecklist of certain actuarial assumptions:Interest rate for "RPA ’94" currant liability ..........................................

Weighted average retirement age ...............................................

Rates specified in insurance or annuity contracts.. [7 N/AMortality table code for valuation purposes:(1) Males ......................................(2) Females ....................................Valuation liability interest rate ................. f] N/AExpense loading ........................... [] N/A

Year

6a 6. I0

i...........

6b 58Pre-retirement Post-retirement

s¢ I1 Yes IxI No I I Ye8 ....... FI Noi

........... ,, _

¯

d(1)j 8P2004 8P2004

d(2)J 8 FP20"b4 8 F#76"() 4 .....se ..... ~~ 66 ...... o/7 8: 6~ =,46f ........ 0 " 0 ~ 0 " 0

Male FemaleAnnual withdrawal rates: ~ CodeRate ~ CodeRate(1) Age25 ...................................... g(1) C 9.00 ~ C 10.00(2) Age 40 ...................................... g(2) c 9.0 0 ~ c 10.0 0 o~(3) Age55 ...................................... g(3) C 9.00 ~ C l 0.00 %Salary scale .............................. F]N/A 6h .... 4.50 ~4 ......... 5.00 ......%

6.6 %13.4 %

i Estimated investment return on actuarial value of assets for year ending on the valuation date’" ’I L’6i

l Estimated inve.st,ment,return on current value of asse.ts.for.year ending on the valuation date.. I 6j7 New amortization bases established in the current plan year:

(1) Type of Base (2) Initial Balance (3) Amortization Charge/Credit

No

[~ No

N/A

N/A

El N/A

~]N/A

N/A

I-’] N/A

8 Miscellaneous information:a If a waiver of a funding deficiency or an extension of an amortization period has been approved for this plan year, enter the

date of the ruling lettergranting the approva!,,: ................. : :: .: .........._:,:.... Month Day

,’ ,2 i, : ;, , ,

,,,,,,,,,,,,,,IIIfl d .I 6 ,I d .I I I ,l I i d ,I ~q I I

Yoar

0 8 0 5 5 4 0 3 0 P

I IllUl IIIII IIiii IIIII IIIII IIIII IIIII IM ill MII II IIIi/

Schedule B (Form 5500) 2005 Page 4Official Use Only

8b If one or more alternative methods or rules (as listed in the instructions) were used for this plan year, enter the appropriatecode in accordance with the instructions ~"

¢ Is the plan required to provide a Schedule of Active Participant Data? (see instructions) If "Yes," attach schedule ......... ~] Yes

10

11

L

9 Funding standard account statement for this plan year:Charges to funding standard account:

a Prior year funding deficiency, if any ............................................................b Employer’s normal cost for plan year as of valuation date ...........................................C Amortization charges as of valuation date: Outstanding Balance

(1) All bases except funding waivers .............................. b" ($ 0 .)(2) Funding walvers ..........................................b- ($ 0 )

d Interest as applicable on lines 9a, 9b, and 9c ....................................................e Additional interest charge due to late quarterly contributions, if applicable ..............................f Adjusted additional funding charge from Part II. line 12q, if applicable ........................... 17 N/Ag Total charges. Add lines 9a through 9f .........................................................

Credits to funding standard account:h Prior year credit balance, if any ...............................................................i Employer contributions. Total from column (b) of line 3 .............................................

Outstanding Balancej Amortization credits as of valuation date ............................ I~ ($ 0 )k Interest as applicable to end of plan year on lines 9h, 9i, and 9j ......................................I Full funding limitation (FFL) and credits

(1) ERISA FFL (accrued liability FFL) .............................. I(1) o(2) "RPA ’94" override (90% current liability FFL) ..................... 1(2) 0(3) FFL credit ...........................................................................

m (1) Waived funding deficiency ...............................................................(2) Other credits .........................................................................

I1 Total credits. Add lines 9h through 9k, 91(3), 9m(1), and 9m(2) .......................................O Credit balance: If line 9n is greater than line 9g, enter the difference ...................................p Funding deficiency: If line 9g is greater than line 9n, enter the difference ................................

Reconciliation account:Current year’s accumulated reconciliation account:(1) Due to additional funding charges as of the beginning of the plan year(2) Due to additional interest charges as of the beginning of the plan year(3) Due to waived funding deficiencies:

(a) Reconciliation outstanding balance as of valuation date .........(b) Reconciliation amount. Une 9c(2) balance minus line 9q(3)(a) ....

(4)

] q(1~l o

t q(2) Io

Total as of vNuation date .............................................................. ~Contribution necessary to avoid an accumulated funding deficiency. Enter the amount in line 9por the amount required under the alternative funding standard account if ap.plicable ......................

0

0

0

0

0

0

0

5378000

0

0430000

0

0

0

5808000

5808000

0

Has a change been made in the actuarial assumptions for the current i~lan year? If "yes," see Instructions ............... ~ Yes. [7 No

lilt r(lId d d d ,,= J ,I ,I d ,I ,I .i d ,I .i,I ,I J d ,I, l d J ..i. d d ..,t + ..i d

p ul nl d l d d d d i d ,I d l d d.L d .~ ,L d d d d ,i d d d l d dd d d d ,I d d d d d d d d .n dd .n d d d d d d .L d d d ~, d d

0 8 0 5 5 4 0 4 0 Q

I IIIIII IIIII Iiiii M IIIII IIIII IIiii IIIII IIIII IM II ill.J

r-Schedule B (Form 5500) 2005

....... t .... )

Page 5

~~ Addltlc>nal Information for Certain Plans Other Than Multiemployer Plansiiii i

Official Us’= Only

Please see Who Must File in the Schedule B instructions to determine if you must complete Part II.12 Additional required funding charge (see instructions):

a Enter "Gateway %." Divide line 1 b(2) by line ld(2)(c) and multiply by 100.If line 12a is at least 90%, go to line 12q and enter -0-.If line 12a is less than 80%, go to line 12b.If line 12a is at least 80% (but less than 90%), see instructions and, ff applicable, go to line 12qand enter -0-. Otherwise, go to line 12b ........................................................

b "RPA ’94" current liability. Enter line ld(2)(a) .....................................................C Adjusted value of assets (see instructions) ......................................................d Funded current liability percentage. Divide line 12c by 12b and multiply by 100 ..........................e Unfunded current liability. Subtract line 12c from line 12b .......................................... ..f Liability attributable to any unpredictable contingent event benefit ....................................g Outstanding balance of unfunded old liability ....................................................h Unfunded new liability. Subtract the total of lines 12f and 12g from line 12e. Enter -0- if negative ............J Unfunded new liability amount ( % of line 12h) .................................J Unfunded old liability amount ................................................................k Deficit reduction contribution. Add lines 12[ 12j, and 1 d(2)(b) ........................................I Net charges in funding standard account used to offset the deficit reduction contribution. Enter

a negative number if less than zero.m Unpredictable contingent event amount:

(1) Benefits paid during year attributable to unpredictable contingent event...(2) Unfunded current liability percentage. Subtract the percentage

on Fine 12d from 100% .........................................

(3) Enter the product of lines 12m(1) and 12m(2) .......................(4) Amortization of all unpredictable contingent event liabilities .............(S) "RPA ’94" additional amount (see instructions) .......................(6) Enter the greatest of lines 12m(3), 12m(4), or 12m(5) ...........................................

n Preliminary additional funding charge: Enter the excess of line 12k over line 121 (if any), plus line 12m(6),adjusted to end of year with interest ...........................................................

0 Contributions needed to increase current liability percentage to 100% (see instructions) ...................p Additional funding charge prior to adjustment: Enter the lesser of line 12n or 12o ........................q Adjusted additiona!,,fundin~ charge, ( .0 % of line 12p,,/L ....... ,; ......................

108.0 %

%

I_0 8 0 5 5 4 0 5 0 R

I IIIIII iiiii IINf IIIII IIIII IIIII IllU IM IlUl IIIN U H

SCHEDULE B A3 fACHMENTSI I Illlllllllll

Statement by Enrolled Actuary

Plan Sponsor Qwest

EIN / PN 84-1339282/005

Plan Name Qwest Pension Plan

Valuation Date January 1, 2005

Enrolled Actuary Wickes, Gene

Enrollment Number 05-03800

The actuarial assumptions and methods, in combination, represent the enrolled actuary’s bestestimate of anticipated experience under the plan, subject to the following conditions:

The actuarial valuation, on which the information in this Schedule B is based, has been prepared inreliance upon the employee and financial data furnished by the plan administrator and the trustee.The enrolled actuary has not made a rigorous check of the accuracy of this information but hasaccepted it after reviewing it and concluding it is reasonable in relation to similar informationfurnished in previous years. The amounts of contributions and dates paid shown in Line 3 ofSchedule B were listed in reliance on information provided by the plan administrator and/ortrustee.

Qwest Pension Plan¯ iii | i ii i ii Hill I 1ram,

January 1, 2005

APPENDIX A- S’I)ATEMENT OF ACTUARIAL ASSUMPTIONSAND METHODS (cont.)Illl I I [ II II Illlll I1 II

Plan Sponsor

EIN/PN

Qwest Communications International Inc.

84-1339282/005

Interest Rates RPA’94 Current liability 6.10%ERISA Accrued liability 8.00%

Compensation Increases Future compensation increases vary by age and service of the participants.

Band Increases(Occupational only)

None.

Future Increases inSocial Security

4.00% annual increases in the national average wage index are assumed.

Future Increases inMaximum Benefits andPlan CompensationLimitations

Projected benefits are limited to the maximum presently allowed under IRCSection 415. Plan compensation is limited to the maximum presently allowedunder IRC Section 401 (a)(17). No provision is made for future increases inthe maximum annual benefit or compensation limit.

Assumed Cost-of-LivingAdjustments

None.

Inclusion Date The valuation date coincident with or next following the date on which theemployee reaches one year of service.

Administrative Expenses None.

Mortality UP-94 Mortality table projected to 2004, separate rates for males and females.However, the 1983 Group Annuity Mortality tables for males and females areused for RPA ’94 current liability.

Qwest Pension Plan|1111 ii i i iii ii i ii 2ii

January 1, 2005

APPENDIX A- S’I)ATEMENT OF ACTUARIAL ASSUMPTIONSAND METHODS (cont.)I I I II III III I II Ilaalll

Retirement Sample rates at which participants retire by age are shown below:

Age_ Percentage Retiring During the Year50 3%55 9%60 23%65 35%70 100%

Disability Rates The rates at which participants become disabled by age and gender are shownbelow:

Percentage Disabled During the YearAttained Age Males Females

20 0.03% 0.11%25 0.03% 0.11%30 0.03% 0.1 I%35 0.03% 0.14%40 0.04% 0.21%45 0.09% 0.36%50 0.27% 0.62%55 0.64% 0.92%60 2.02% 1.25%

Disabled Mortality The 1983 Group Annuity Mortality table for males; set back 6 years forfemales. However, the 1983 Group Annuity Mortality tables for males andfemales are used for RPA ’94 current liability.

Qwest Pension Plan3ill

January 1, 2005

...... ) .... ,APPENDIX A- S’IATEMENT OF ACTUARIAL ASSUMPTIONS

AND METHODS (cont.)I I Illl I Ill I I

Representative l~timateTermination Rates notdue to disability,retirement or mortality

Management OccupationalAttained Age Males Females Males Females

20 3.50%- 6.00% 4.00% 8.00%25 3.50% 6.00% 4.00% 8.00%30 3.50% 6.00% 4.52% 8.00%35 3.50% 6.00% 5.03% 8.00%40 3.50% 5.21% 5.55% 8.00%45 3.50% 4.42% 6.07% 8.00%50 2.63% 3.63% 6.59% 6.00%55 1.75% 2.73% 6.36% 4.00%60 1.75% 1.75% 3.18% 2.00%

Form of Payment Grandfathered Management and all Occupational employees are assumed toelect a lump sum 70% of the time and a life annuity 30% of the time. Non-grandfathered Management employees are assumed to elect a lump sum of95% of the time and a life annuity 5% of the time.

Marriage Percentages of participants assumed married varies by age.

Employees It was assumed that there will be no new or rehired employees.

Plan Compensation Compensation assumed paid in the current year beginning on the valuationdate is based upon the prior year’s rate of pay plus the prior year’s bonuses,commissions, differentials, and overtime (only if occupational).

The ABF plan earnings are provided by Qwest. This generally includessalary, wages, overtime, commissions and bonuses if included in taxableincome.

lul

Qwest Pension Plan4

imlllll i

January 1, 2005

"4,

APPENDIX A- S’I TEMENT OF ACTUARIA ASSUMPTIONSAND METHODS (cont.)

Ill IIllll II I II Ill Ill mlllll m lie llUl Ill

Cost Method The Aggregate Cost Method is used to determine the normal cost forretirement, termination, and ancillary benefits. Under this cost method, thetotal of the present value of all future benefits for all participants reduced bythe actuarial value of assets is divided by the present value of future serviceto determine the Normal Cost Rate. The present value of future benefits isdetermined by discounting, to the valuation date, the total future benefitscash flow from the plan to all of the current participants, using the actuarialassumptions. The actuarial value of assets is adjusted for certain fundingstandard account balances or by included-but-not-deducted contributionsless deducted-but-not-included contributions. The present value of futureservice is determined by discounting, to the valuation date, all of the years ofservice anticipated to be rendered by the current participants, using theactuarial assumptions. The Normal Cost Rate is then multiplied by thenumber of participating employees under retirement age to arrive at theNormal Cost payable on the valuation date. The final Normal Cost, afterincreasing this result for expected administrative expenses, if applicable,may not be less than zero. For this purpose, "retirement age" means theearliest age at which probability of retirement is 100%.

Asset Method The prior year’s actuarial value is adjusted by contributions, disbursements,investment income and transfers. The realized and unrealized gains/(losses)outside of an expected corridor are determined. This amount is recognized20% earh year over a five year period. The adjusted actuarial value is addedto the sum of annual amounts to be recognized from each of the prior fiveyears to get the current actuarial value of assets.

Participant Data Data on employees and former employees were supplied by the employerand it’s vendors to allow Watson Wyatt to assist with administration of thePlan. The provided information was combined by Watson Wyatt during theadministrative process and extracted as of the valuation date.

Tax Policy The actuarial valuation performed for the plan year endingDecember 31, 2005 is used to determine the maximum deductiblecontribution for the tax year ending December 31, 2005.

Benefits Not Included inValuation

None.

|111

Qwest Pension Plan5

January 1, 2005

APPENDIX A- S’i TEMENT OF ACTUARIAL ASSUMPTIONSAND METHODS (cont.)

IIII Illlllll IIIIllllllllllll IIIII I I

Nature of ActuarialCalculations

The results documented in this report are estimates based on data that maybe imperfect and on assumptions about future events. Certain planprovisions may be approximated or deemed immaterial and therefore are notvalued. Assumptions may be made about participant data or other factors.Reasonable efforts were made in this valuation to ensure that items that aresignificant in the context of the actuarial liabilities or costs are treatedappropriately, and not excluded or included inappropriately.

A range of results, different from those presented in this report could beconsidered reasonable. The numbers are rounded to the thousands, but thisis for convenience only and should not imply precision, which is notinherent in actuarial calculations.

The assumptions selected for this valuation, including in particular theexpected investment return assumption, generally reflect long-term averageexpectations. If overall future plan experience is less favorable thanassumed, the relative level of plan costs or contribution requirementsdetermined in this valuation will likely increase in future valuations. Basedon historical experience and financial theory, assets invested in instrumentssubject to risk are expected to achieve higher returns in the long-term thanassets invested in risk-free investments (such as government bonds), butthese returns may and do fluctuate significantly from year to year. Thedeterministic actuarial models used in this valuation do not take intoconsideration the higher volatility that is expected from investments in suchassets.

Changes in PlanProvisions

None

Changes in Assumptionsand Methods Since LastActuarial Valuation

The percentage of retirees assumed to receive the 2/28/1993 Frozen DeathBenefit was changed from 100% to utilizing a table with marriagepercentages.

The Current Liability interest rate was changed from 6.55% to 6.10%.

i| tl

Qwest Pension Plan6

January 1, 2005

APPENDIX B - SIJ~NIARY OF PRINCIPAL vLAN PROVISIONS -Schedule B Line 6

I II I I I II III IIIII II II IIIIIIIIIIIIIIlllllllll

For Management Employees

Plan Sponsor

EIN/PN

Qwest Communications International inc.

84-1339282/005

Coverage andParticipation

Management employees at participating companies with at least one year ofservice.

Normal Retirement 1)Benefit

2)

3)

Eligibility - Five years of service and Protected. Employees areProtected if they had 20 years of eligible service on or before 12/31/2000or they were service pension eligible by 12/31/2003.

Benefit Amount - Employees with age plus service at 1/1/1997 of 55 ormore are grandfathered and will receive the greater of benefits calculatedunder formulas A and B below. All other employees with receive thegreater of the benefit accrued under Formula A as of 12/31/1996 and thebenefit calculated under Formula B.Note: Formula A produces’an annual single life annuity value andFormula B produces a lump sum value. For comparison, one of thevalues will have to be converted to the other.

Formula A Calculationa. 1.25% times highest five-year average earnings out of last ten years(HAE) up to Social Security Covered Compensation (SSCC)b. 1.5% times HAE in excess of SSCCc. The sum of(a) and (b) multiplied by service up to 35 yearsd. (e) plus 1.25% times HAE times service in excess of 35 years

Qwest Pension Plan7

iii lira||

January 1, 2005

(cont.)II II I I Illllllllllllllllllllll I I I


4)

5)

6)

Formula B Calculationa. Annual credits are granted based on the following table:

CreditsUnder 30 2%30-34 435-39 640-44 845-49 1250-54 16

55 and over 18The credits are prorated by month and provided at the highest rateapplicable for that month.b. Sum of Annual Credits times HAEc. HAE in excess of 50% of Social Security Taxable Wage Base timesSum of Annual Credits times 25%d. Account Balance is the sum of (b) and (c).

Payment of Benefit if Formula A is useda. Immediate Annuity - If age 65 and 10 years of service or age 60 and15 years of service or age 55 and 20 years of service or age 50 and 25years of service or any age with 30 years of service ("Service PensionEligible"), amount payable is Retirement Benefit reduced by 6% per yearprior to age 55 (3% if30 years of service).b. Deferred Annuity - Retirement Benefit payable at age 65.c. If Service Pension Eligible, lump sum is actuarial equivalent ofdeferred annuity using subsidized factors; otherwise, lump sum isactuarial equivalent.

Payment of Benefit if Formula B is useda. Immediate Annuity - Amount equal to actuarial equivalent of AccountBalanceb. Deferred Annuity - Amount equal to actuarial equivalent of AccountBalancec. Immediate Lump Sum - Amount equal to Account Balance

t

Qwest Pension Plan8

January 1, 2005

........ :) .....,)

APPENDIX B - SUMMARY OF PRINCIPAL It’LAN PROVISIONS(cont.)

Illlllll I IIlllll Ill IIll Illll I Illlllll


A ceount Balance 1)Formula Benefit

Eligibility - One year of service and not Protected as defined above in theNormal Retirement Benefit description.

Account Balance - At the end of each year, an amount equal to 3% ofeligible compensation is credited to the Account Balance. At the end ofthe following year, the Account Balance from the previous year isincreased with an interest credit based on the Treasury Rate (average of30-Year Treasury Bond rates).

3) Vesting - Immediate

Frozen Benefit 1)

2)

3)

Eligibility - One year of service and not Protected as defined above in theNormal Retirement Benefit description.

Benefit - Employees that are grandfathered as defined above receive thelarger of Formula A and B from Normal Retirement Benefit description,calculated with service as of December 31, 2000 and HAE at terminationfor Formula B.

Employees not grandfathered receive the larger of Formula A calculatedwith service as of December 31, 1996 and Formula B calculated withservice as of December 31, 2000 and HAE at time of termination.

Payment of Benefit if Formula A is useda. Immediate Annuity - If age 65 and 10 years of service or age 60 and15 years of service or age 55 and 20 years of service or age 50 and 25years of service or any age with 30 years of service ("Service PensionEligible"), amount payable is Retirement Benefit reduced by 6% per yearprior to age 55 (3% if30 years of service).b. Deferred Annuity - Retirement Benefit payable at age 65.c. If Service Pension Eligible, lump sum is actuarial equivalent ofdeferred annuity using subsidized factors; otherwise, lump sum isactuarial equivalent.

4) Payment of Benefit if Formula B is useda. Immediate Annuity - Amount equal to actuarial equivalent of AccountBalanceb. Deferred Annuity - Amount equal to actuarial equivalent of AccountBalancec. Immediate Lump Sum - Amount equal to Account Balance

iiill II

Qwest Pension Plan||m i |1 iii ii 9

January 1, 2005

APPENDIX.- SUhMARY P.INCIPAL PROVISIONS(cont.)

IIII IIIIII IIIII III I


Benefit at Terminationdue to Disability

1)

2)

Eli~ibiliw - Disablement after vesting.

Benefit - The benefit for termination due to disability is the NormalRetirement Benefit adjusted for early commencement as of the date ofdisability.

Preretirement SurvivorBenefit

1) Eligibility - Death after vesting.

2) Benefit PavaNe to Spouse - Entire benefit under Formula B will be paidto designated beneficiary. For participants with age plus service equal orgreater than 55 at 1/1/1997, who had at least 15 years service, thebeneficiary will receive the greater of the benefit described above and thebenefit calculated under Formula A as if the participant had elected the50% Joint and Survivor option. The beneficiary may elect, within theallowable period, to instead be paid the amount of the lump sum benefitpayable under the Aceount Balance Formula and Formula B.

Sickness Death Benefitand A ccidental DeathBenefit

1)

2)

Eligibility - Death to an active employee or a retiree receiving a servicepension as a monthly annuity.as of December 31, 2003 who has aqualified beneficiary. Must have been hired prior to March 1, 1993.

Benefit Payable to Beneficiary - Lump sum payment equal to annual payat earlier of retirement or February 28, 1993.

Normal Form of Benefit


For married participants, the normal form is a reduced pension with 50% ofthe reduced amount payable to the surviving spouse upon the death of theemployee. If the spouse of a service pensioner dies first, the pension isrestored to its unredueed value.

For single participants, the normal form is a pension payable as a single lifeannuity.

None.

Qwest Pension Plan10

II

January 1, 2005

APPENDIX B - SU}MMARY OF PRINCIPAL r~AN PROVISIONS(cont.)

lllll Ill II II I I Ill Ill

For Occupational Employees

Coverage andParticipation

"Bargained for" employees and other non-management employees atparticipating companies with at least one year of service.

Normal Retirement 1)Benefit

2)

Eligibility - Age 65.

Benefit Amount - Sum of the pension band amount assigned to anemployee times the month of service and 0.1% times average annualdifferential amounts in the last three calendar years times months ofservice.

The pension band amount depends on the job classification for a coveredemployee or compensation level for some sales employees.

Service Pension 1)

2)

- Age 65 and 10 years of service or age 60 and 15 years ofservice or age 55 and 20 years of service or age 50 and 25 years of serviceor any age with 30 years of service.

Pension Benefit - Normal retirement benefit reduced by 0.5% for eachmonth retirement precedes age 55 unless the participant has 30 or moreyears of service.

Deferred Vested Pension 1) Eligibility - 5 years of service.

2) Pension Benefit - Normal retirement benefit actuarially reduced for earlycommencement.

Ill

Qwest Pension Plan11

n|ll Ill ILL

January 1, 2005

....... ,~ .........)

APPENDIX B - SUMMARY OF PRINCIPAL I~LAN PROVISIONS(cont.)

II

For Occupational Employees

Disability Pension 1)

2)

Eligibility - Disablement after 15 years of service.

Pension Benefit - Disabilities on or after January 1, 2002 receive, inaddition to their Service Pension, a Disability Pension equal to the normalretirement benefit amount payable until age 65.

Preretirement SurvivorBenefit

1) ~- Death after vesting.

2) Benefit Payable to Spouse - 45% of the pension benefit accrued to date,payable immediately and unreduced.

Sickness Death Benefitand Accidental DeathBenefit

1)

2)

Eligibility - Death to an active employee or retiree receiving a servicepension as a monthly annuity as of December 31, 2003 who has aqualified beneficiary. Must have been hired prior to March 1, 1993.

Benefit Payable to Beneficiary - Lump sum payment equal to annual payat earlier of retirement or February 28, 1993.

Normal Form of Benefit For married participants, the normal form is a reduced pension with 50% ofthe reduced amount payable to the surviving spouse upon the death of theemployee. If the spouse of a service pensioner dies first, the pension isrestored to its unreduced value.

For single participants, the normal form is a pension payable as a single lifeannuity.


None.

"Qwest Pension Plan12

January 1, 2005

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SCHEDULE B AI fACHMENTS (cont.)..... )

Line 11 - Change in Actuarial Assumptions

Plan Sponsor Qwest

EIN / PN 84-1339282/005

Plan Name Qwest Pension Plan

Valuation Date January 1, 2005

The Current Liability interest rate was changed from 6.55% to 6.10%.

The percentage of retirees assumed to receive the 2/28/1993 Frozen Death Benefit was changedfrom 100% to utilizing a table with marriage percentages. This change was made to better reflectthe anticipated experience of the plan.

Qwest Pension Plan January 1, 2005

FSCHEDULE C(Form 5500)




........ )

Service Provider InformationThis schedule is required to be filed under section 104 of the

Employee Retirement income Security Act of 1974.

I~ File as an attachment to Form 5500.

IOfficial Use Only

OMB No. 1210"0110


Public Inspection,

For calendar plan year 2005 or fiscal plan year beginning and ending

A Name of plan B Three-digit

QWEST PENSION PLAN plannumber ~ 005


QWEST COMMUNICATIONS INTERNATIONAL 84-1339282

Service Provider Information (see instructions)1 Enter the total dollar amount of compensation paid by the plan to all persons, other than those

listed below, who received compensation during the plan year: ............................................................... 1 5 4 7 9 4 3

2 On the first item below list the contract administrator, if any, as defined in the instructions. On the other items, list service providers in

descending order of the compensation they received for the services rendered during the plan year. List only the top 40. 103-12 lEa shouldenter N/A in (c) and (d).

(b) Employer

la~ Name identification I (c) Official plan’ number (see position

inst [u.cti0n.s_) .....

WATSON WYATT & COMPANY ’ 53-0,,!,..812,.9,,,I, L contract Administrator

¯ ’ i ~.r] , () Gross salary (~ure of(d) Relationship to employer ¯employee organization, or_ . _ or allowances I commissions I service code(s)

Pe~°~t,K?n°.~n~etre°s~e a paid by plan | paid by plan (meinstructions)

(a) Name

GOLDMAN SACHS ASSET MANAGEMENT 13-3575636(d) Relationship to employer,employee organization, or

person known to be aparty-in-interest

(b) Employer l

identificationnumber (seeinstructions)

(c) Official planposition

INVESTMENT MANAGEMENT(e) Gross salary (t] Fees andor allowances commissionspaid by plan paid by plan

(g) Nature ofservice code(s)

(see instructions)

NONE 0 4874153 21

For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500. v8.2 Schedule C (Form 5500) 2005

o=&9o

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ISchedule C (Form 5500) 2005 Page 2Official Use Only

(a) Name

QWEST COMMUNICATIONS INTL

(d) Relationship to employer,employee organization, or


ADMINISTRATOR

(b) Employeridentificationnumber (seeinstructions)

84-1339282

(c) Official planpositron

~DMINISTRATION

(e) Gross salaryor allowancespaid by plan

0

(f) Fees andcommissionspaid by plan

3898457


(see instructions)

13............ _-~,, ,,, , ~ ,~, ..... , .........................................................................:,,,~’~,~ .....................

FX CONCEPTS INC

(a) Name


13-3373543


0


INVESTMENT MANAGEMENT


3410350NONE




(see instructions)

21


04-Ii07280


2RUSTEE, INVEST MGMT



(see instructions)

(a) Name

MELLON TRUST OF NEW ENGLAND(d) Relationship to employer,

employee organization, orperson known to be a

party-in-interest


NONE 0 2312328 26 21

I

1 0 0 5 5 7 0 2 0 K

I IIIIII IIIII IIIII llrll IIIII IIIII lull IIIII IIIII IIIIIII II IIIII

r ....... .......ISchedule C (Form 5500) 2005 Page 2

Official Use Only

(a) Name

CAPITAL GUARDIAN TRUST COMPANY(d) Relationship to employer,


party-in-interest

NONE


95-2553868


0

(�) Official planposition



1785036


(see instructions)

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(a) Name

MORGAN STANLEY INVESTMENT MGMT


13-3040307 INVESTMENT

(¢) Official planposition

MANAGEMENT


(f} Fees andcommissionspaid by plan

1651427


(see instructions)

21

(o9 Relationship to employer,employee organization, or


NONE:. :. :. :. :, :,.,., .,:. :.: :, :....., ,.,,, ,.. :.., .,.,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,, ,,, :. :...:.., :,., :,.... :. :. :. :. :. :-:. :-:-:-:-:-: .:-: .:. :. :-:-:-:-:-:-:-:-:. :. :. :-:. :. :. :. :-:. :. :. :. :. :. ;. ;-:. :. :. :, :. :. ;. ;. :. :-:. :. :. ;. :. :. :. :. :-;, ;, ;, ;, ;, :. ;. ;. ;, :. :. ;, ;, :, ’,, x, :.;, ’,, ’,, ’,,; :,;.:.; ;.; + ;,;,;,’,,’,,’,,’,,’, ,’,,’,, r,: ,;,: ,;,~,’,,’,.:.’,,’..:.:,:.’..’.,’, +: ¯ :,: :.:. :.:. :. :. ’..:. :. :. :. :. :.’..: ,:. ’.. :. :. :. :,:+’.. ’,, ’,+:. :. :. :. :. :. :.:.:.:.:.: .: .:.:.:.:.: .: .:. :.:.:.:. :.:.: .:. :. :.:.: .:. :.:.:. :.:. :.: .:.:.:.:.:. :. :.:.:. :.:.:.:. :.:.:. :. :.:.:. :. :. :.:. :.., .,, ,.. :. ;.,. :. :. ,, .,...... :. :...~‘:‘~’:~’:~:’’’‘~:’~’;’’’’‘;‘;:;‘;‘;+:~:‘1‘:+v’‘-----------------------------------------:i;;’~;~;:~:;~’~’~~~;~~’~’;’;‘:’‘’:’;~:’:’~’~’~:::::+’~’:+ :’;‘]’’‘~’‘~’~‘;~‘‘‘:~‘~‘:‘‘‘‘~;~:~::~‘~:~:~:~~:~‘~:~:~:~~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~’~::~:~~::::::::::::::::::::::::::::



INVESTMENT MANAGEMENT13-2871809



(see instructions)

(a) Name

BRIDGEWATER ASSOCIATES(d) Relationship to employer,


party-in-interest


NONE 0 1636609 21

L

1 0 0 5 5 7 0 2 0 K

lUllUllllllllllllllllllllllrllll[llllllllllllllillilllllI

FSchedule C (Form 5500) 2005 Page 2

,,,,Official Use Only

(a) Name

JP MORGAN INVESTMENT MANAGEMENT.. INC(d) Relationship to employer,


party-in-interest

NONE

(a) Name

BPF NON-TAXABLE LP

NONE

(cl) Relationship to employer,employee organization, or



13-3200244




iiiiWilli!!iH!!~i!i!i!


0 1624414


13-3894989


(see instructions)

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0

(0) Official planposition



(see instructions)

21


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(a) Nameidentification (0) Official plannumber (see positioninstructions)

STATE STREET(d) Relationship to employer,


party-in-interest

04-3581074 .~DM I N I S TRAT I ON




(see instructions)

NONE 0 1399720 13

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r-..... ,r~

Schedule C (Form 5500) 2005 Page 2 i iii iiiOfficial Use Only

(a) Name


BGI GLOBAL MARKET NEUTRAL FUND A 42-1599620



NONE

(a) Name

BGI ALPHA TILT FUND




0

i i~iiiii!i!i~i!iiiiiii~iiiiiiiiiiiiiiiiiiiiiiiiiii~iiiii~iiiiiiiiiiiiiiiiiiiiiiiiii1iii1iiii!iii!iiiiiiii~!i!(b) Employeridentificationnumber (seeinstructions)

94-3127830


(o) Official planposition



I 1148474

INVESTMENT



(see instructions)

21


MANAGEMENT


(see instructions)

NONE 0 1139095 21...... ,,. ........ , .................. ,

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UBS

(a) Name

GLOBAL ASSET MANAGEMENT



NONE


36-3664388

(e) Gross salary¯ or allowances

paid by plan





(see instructions)

1085095 21

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(a) Name

ZAZOVE ASSOCIATES LLC


person known to be aparty.in.interest


36-3984373



(e) Gross salary (f} Fees andor allowances commissionspaid by plan paid by plan

NONE 0 982975

PRISA

(a) Name


FIN) 22-1211671


II CONTRACT (PRUDENTIAL(d) Relationship to employer,


party-in-interest

NONE

(g) Nature ofService code(s)

(see instructions)

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(see instructions)

21

(8 Fees andcommissionspaid by plan

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(b) Employer

(a) Nameidentification (o) Official plannumber (see positioninstructions)

INVESTMENT MANAGEMENTWESTRIDGE CAPITAL



13-3179126

{e) Gross salaryor allowancespaid by plan


913974


(see instructions)

21NONE 0

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!Schedule C (Form 5500) 2005 Page 2Official Use Only

(a) Name

JPMIM STRATEGIC PROPERTY FUND


person known to be aparty-in4nterest


13-6038770


,INVESTMENT MANAGEMENT

(a)Name

LION INDUSTRIAL TRUST (CLARION

NONE


65-1162344






0


751659


(see instructions)

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(a) Name

JPMIM SPECIAL SITUATION PROPERTY


person known to be aparty4n-interest


£D 13-3980309





(9) Nature ofservice code(s)

(see instructions)

NONE 0 725635 21

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official Use Only

(a) Name

HSBC PRIVATE EQUITY FUND LP


person known to be aparty-in,interest


98-0152953 LP FEES


(a) Name

OAKTREE MANAGEMENT LLC


person known to be aparty-in4nterest

NONE


95-452115:




(I) Fees andcommissionspaid by plan


(see instructions)

LION PROPERTIES FUND (CLARION’

0. 694695 21.................................+;.;~H..~[~?[~.k‘................................................................~.~..~.‘.~.‘..¯- ....................................,,,,,,,,,,,,,~k.,,~,~’,’~"-~’. ......................................’ ....... ,. -..,,,, .v,. ......................... p .... ,

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(b) Employer

(a) Name identification (c) Official plannumber (see positioninstructions)

13-4087331 INVESTMENT MANAGEMENT(d) Relationship to employer,


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(see instructions)

NONE 0 684773 21

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POST

(a) Name

ADVISORY GROUP


95-4818300

(a) Name

MILLER GLOBAL FUND V LLC

NONE


20-2140110




0




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(a) Name

ASSOCIATES(d) Relationship to employer,


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(a) Name

GS PRIVATE EQTY PTNRS 1999 MGR FD

(d) Relationship teemployer,employee organization, or


NONE

(a) Name

PEGASUS PARTNERS III LP




13-4068956 GP FEES



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567772 99

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: :~i~" ~i ~"i : i


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(£1) Nature ofservice code(s)

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TCW/CRESENT MEZZANINE PTNRS LP 95-9843796 INVESTMENT MANAGEMENT




(1) Fees andcommissionspaid by plan


(see instructions)

NONE 0 506570 21

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(a) Name


CALTIUS PARTNERS III LP 20-0326600



(�)Official planposition

Om¢lal Use Only


NONE

[NVESTMENT MANAGEMENT


(a) Name


(see instructions)

CARLYLE/RIVERSTONE GLOBAL ENERGY




LP FEES


20-3716055



(see instructions)


MATLIN PATTERSON FUND II 20-0028284 INVESTMENT MANAGEMENT




(see instructions)


person known to be aparty,in-interest

NONE 0 450201 2 1

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(a) Name

GS PRIVATE EQTY PTNRS 2000 MGR FD



NONE

(a) Name

HARBINGER RE PARTNERS 1(d) Relationship to employer,


party-in-interest

NONE


52-2258431



LP FEES


413506


(see instructions)

99


63-1146913


0




400000


(see instructions)

21................................................................................................. ,.,,,,r ~ ,,,,,,,,, ,.,,,,,.,................... ....... ....................................................xL,.,..~.,,,,~,,~ ,~,,,,.,,,.,..,..,..............-.-.......-.-.-.....-...-...-.-.-.-.......-.......-.....r~.....:,,.,;,,q ;[~ ~’;~;’~’:~;~;~;~:~;~:~:~;~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~;~;~; + :,;,: +:.;.:.;.;,;,:.:.:,

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(b) Employeridentification (c) Official plan

(a) Name number (see positioninstructions)

13-3702086 INVESTMENT MANAGEMENTBLACKSTONE GROUP

¯ (e) Gross salaryor allowancespaid by plan





(see instructions)

21NONE 0 398506

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Ca) Name

CAPITAL INTERNATIONAL INC

(d} Relationship to employer,employee organization, or


NONE

Ca) Name

NORTH CASTLE PARTNERS III LP(d) Relationship to employer,


party-in-interest


95-4154361


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06-1608487


OMELVENY & MYERS




380573


(see instructions)

21

NONE

(a) Name



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(e) Official planposition

LP FEES


(f) Fees andcommissionspaid by plan (see instructions)

0 372256 99........... ,, ,,.,,,IA.,,.............................. ........~t:t’‘~’’~’~‘~;‘’~‘’~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:‘:~: t,~,;,:.:,’,,;.’,.:.;.:.:-:-:.:.:.:-:-:-:-:-:-:.:-:-:.:.i:,~ :,:-:.:-:.:-:.:.:.:.:.:,:.:~;:[:;:::~:;:::;

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(g) Nature ofservice codeCs)

(see instructions)

22


95-1066597



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(a} Name

GUGGENHE IM PARTNERS

NONE

PRISM FUND II


03-0475496






0


340000


(see instructions)

21

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(a) Name

COVENTRY RE PARTNERS(d) Relationship to employer,


party-in-interest

NONE


04-3745788




0


337491

(g) Nature ofservice cede(s)

(see instructions)

21~,~, ’‘‘::’~’‘‘;’;’:’r~’;~:’;~:<~:~:~;~:~;~:‘;~;~;~:~:~:~:~:~~~~~’:’‘~’~=’‘[~!‘~’~’’~’’~’~’’;~;~;’~’’~;~:~;~:~:~~~:’:‘:‘:’‘:[!~7’‘’‘~‘~‘’~’;‘‘’~‘~‘~;’;;‘~’’~’‘;~’’;~p’;~::;:;::;::::~:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::;::;%::~;:;::::::::::::::::~‘~!~}~!:!:}:}~:~{~i~i~i~‘~‘~:~‘~‘‘!:!~]:~[~:i~?;?;{8~i~i~;?~i:i~}~i~i~i~;~i~}~{~:::::::::::::::::::::::::~{~[~[~{~}~{~i~}‘~:!:~:~:~:~:~‘~:~‘~!‘‘~!~‘!~‘‘~;i‘‘~;~;!‘~i~i;~:i:!~{~i;!~}~:~{~;~i~}{~{~{{~{j~}~:~:~{~‘~‘~}‘~!~‘~‘‘~!~‘~‘~i~‘~i~‘!~i‘‘~‘~$i‘~‘~i;i$i;i:i:i~i~i~{:i8i~:i~:~;{:~:~:~:~:{:~:~}~:~:~:~:~:}:~:~:H~:~‘‘i;~i:!~;i~i;i:i:~i‘~i:i:i~{:

(b) Employeridentification (c) Official plan

(a) Name number (see positioninstructions)


person known to be aparty.in.interest


(1~ Fees andcommissionspaid by plan


(see instructions)

/1 0 0 5 5 7 0 2 O K

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iSchedule C (Form 5500) 2005 Page 3 i!Official Use Only

[i~:~|]]~:~1 Termination Information on Accountants and Enrolled Actuaries (see instructions)

(a) Name

(c) Position

(b) EIN

(d) Address

(e) Telephone No.

Explanation:

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(a) Name

(C) Position

(d) Address

(e) Telephone No,

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(d) Address

(e) Telephone No.

Explanation:

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DFE/Participating Plan Information

This schedule is required to be filed under section 104 of the EmployeeRetirement Income Security Act of 1974 (ERISA).

File as an attachment to Form 5500.

Official Use Only

OMB NO. 1210"0110


Public Inspection.

and endingFor calendar plan year 2005 or fiscal plan year beginning ..A Name of plan or DFE B Three-digit

QWEST PENSION PLAN plannumber I~ 005

C Plan or DFE sponsor’s name as shown on line 2a of Form 5500 D Employer identification Number

QWEST COMMUNICATIONS INTERNATIONAL 84.1339282Information on interests in MTIAs, COTs, PSAs, and 103-12 IEs (to be completed by plans and DFEs)

(a)

(b)

(c)

(a) Name of MTIA, CCT, PSA, or103-121E BGI MONEY MARKET FUND B

(b) Name of sponsor of entity listed in (a) BARCLAY GLOBAL INVESTORS

Dollar value of interest in MTIA, CCT, PSA,(C) EIN-PN 94-6450621-001 (d) Entity code C (e) or103-121E at end of year (see instructions)

lira,,, L,I II II t, U ,,,IJ

Name of MTIA, CCT, PSA, or103-121E BGI RUSSELL 1000 ALPHA TILTS FUND

Name of sponsor of entity listed in (a) BARCLAY GLOBAL INVESTORSDollar value of interest in MTIA, CCT, PSA,or 103-12 E at end of year (see instructions)EIN-PN 94-3127830-001 (d) Entitycode C (e)

IIIIIIII I m II,l,II I

(a) Nameof MTIA, CCT, PSA, or I03-121E CAP GUARD NON U.S. SMALL CAP FND

(b) Name of sponsor of entity listed in (a) CAPITAL GUARDIAN TRUST CO.

Dollar value of interest in MTIA, CCT, PSA,(C) EIN-PN 95-6597294~057 (d) Entity code C (e) or103,121E at end of year (see instructions)

II1~1111 ]1 IIIlUJI ~ I I

(a) Name of MTIA, CCT, PSA, or103-121E CAPITAL GUARD U.S. SMALL CAP ]FUN])

(b) Name of sponsor ofentity listed in (a) CAPITAL GUARDIAN TRUST CO.Dollar value of interest in MTIA, CCT, PSA,

(c) EIN-PN 95-6597294-051(d) Entity code C (e) or103421E at end of year (see instructions)

19027690

458381325

14782266

12113702

For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500. V8.2 Schedule D (Form 5500) 2005

1 2 0 5 5 7 0 1 0 L

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F-Schedule D (Form 5500) 2005 Page 2 ii1|

Official Use Only

(a) Name of MTIA, CCT, PSA, or 103.121E OCM CONVERTIBLE TRUST

(b) Name of sponsor of entity listed in (a) OAKTREE CAPITAL MGT

Dollar value of interest in MTIA, CCT, PSA,(c) EIN.PN04-3274683-002(d)Entitycode C (e) or l 03.121E at end of year (see instructions)

ii II mlllll I ii I

(a) Name of MTIA, CCT, PSA, or103.121E OCM INTERNATIONAL CONVERTIBLE TRUST

(b) Name of sponsor of entity listed in (a) OAKTREE CAPITAL MGTDollar value of interest in MTIA, CCT, PSA,

(o) EIN.PN04-3274683-003(d) Entitycode C (e) or l 03-121E at end of year (see instructions)

ii i iiii IIII III

(a) Name of MTIA, CCT, PSA, or103-121E EB SMAM SHORT TERM INVESTMENT £UND

(b) Name of sponsor of entity listed in (a) MELLON BANK, NADollar value of interest in MTIA, CCT, PSA,

(c) EIN.PN25-6078093-i01(d)Entitycode C (e) or lO3.121E at end of year (see instructions)

i qll ~ilim]mi i IL illl

(a) Name of MTIA, CCT, PSA, or103-121E JPM STRATEGIC PROPERTY FUND

(b) Name of sponsor of entity risted in (a) JP MORGAN CHASE BANKDollar value of interest in MTIA, CCT, PSA,

(C) EIN-PN 13-6038770-001(d) Entitycode (2 (e) or l03-121E at end of year (see instructions)

i i ,,Hp J,.J,.,,J.n..,,,,,, ., i ! p,m,.

Name of MTIA, CCT, PSA, or 103-121E GPMCB SPECI.A_L SITUATION PROPERTY FD(a)

(b)

(c)

(a)

(b)

(c)

38404775

33032486

2O9308289

99034791

Name of sponsor of entity listed in (a) JP MORGAN

EIN-PN 13-3980309-001(d) Entityeode C, ,, ,,,,,,,,,,

Name of MTIA, CCT, PSA, or 103-12[E TBC INC

INVESTMENT MGT

Dollar value of interest in MTIA, CCT, PSA,__(e) or 103-121E at end of year (see instructions)

POOLED EMP DAILY VAR RT

Name of sponsor of entity listed in (a) MELLON BANK, NA

Dollar value of interest in MTIA, CCT, PSA,EIN-PN 04-6388516-001(d) Entitycode C (e) or l O3-121E at end of year (see instructions)

liB II ql[lJl I iiii

51079274

16103149

8

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Schedule D (Form 5500) 2005 Page 2Official Use Only

(a)

(b)

(c)

(a) Name of MTIA, CCT, PSA, or103-121E TCW COMMINGLED DEBT

Name of sponsor of entity listed in (a) TRUST COMPANY OF THE

(c) EIN-PN95-4077659-005(d)Entitycode C (e)

Name of MTIA, CCT, PSA, or 103-121E BGI GMN FUND A.

& RLTY FD IIA

WEST

Dollar value of interest in MTIA, CCT, PSA,or 103-121E at end of year (see instructions) 136435

Name of sponsor of entity listed in (a) BARCLAY

EIN-PN 42 - 1599620 - 001 (d) Entity code

GLOBAL INVESTORS

Dollar value of interest in MTIA, CCT, PSA,__ (e) or 103-121E at end of year (see instructions)

Dollar value of interest in MTtA, CCT, PSA,or 103-121E at end of year (see instructions)

C

i ii iiiiii ,,n ,11111 iiin

(a) Name of MTIA, CCT, PSA, or103-121E PRISA I CONTPJ%CT GA-30057

(b) Name of sponsor of entity listed in (a) PRUDENT IAL

(c) EIN-PN 22-1211670-999 (d) Entitycode P (e), J,ll i llll ,,mlmL , l

(a) Name of MTIA, CCT, PSA, or103-121E PRISA Ii CONTRACT GA-30057

92701930

54782835

(b) Name of sponsor of entity listed in (a) PRUDENTIAL

(c) EIN-PN 22-1211670-999(d) Entitycode P

(a) Name of MTIA, COT, PSA, or 103-121E PRIVEST

(b) Name of sponsor of entity listed in (a) PRUDENT IAL

EIN,PN 22-1211670-999 (d) Entitycode P

(a) Name of MTIA, CCT, PSA, or 103-121E AETNA GRP

(b) Name of sponsor of entity listed in (a) AETNA L I F E

(C) EIN-PN 06-6033492-007(d) Entitycode P

,, ,,,, ,~,

Dollar value of interest in MTIA, CCT, PSA,__ (e) or 103-121E at end of year (see instructions) 116572881

Dollar value of interest in MTIA, CCT, PSA,__ (e) or 103-121E at end of year (see instructions)

ANTY 92800 ACT SAC-30095

INSURANCE CO

83403021

Dollar value of interest in MTIA, CCT, PSA,__ (e) or 103-121E at end of year (see instructions) 112739909

I

,,,,.....................IIIIIII"~,,, ~: ~ :’, :’, , ,’ )~ ~" )~,’ :’ ~ :’ :’ ~ ~ ,,i, ,~r~l.f~,~iL~t~ E~i~,!iiL~i~i ~[~iL~.,~,li~I.~il~i~,Ii~ II III

1 2 0 5 5 7 0 2 0 M

I IIIIII IIIII IIIII IH IIIII IIIII Illll IIIII IIIII IHII Ii IIIII

Schedule D (Form 5500) 2005 page 2 IOfflolal Use Only

(a) Name of MTIA, CCT, PSA, or 103.121E BLACKSTONE YORK AVENUE OFFSHORE FD

(b) Name of sponsor of entity listed in (a) BLACKSTONE GROUP

Dollar value of interest in MTIA, CCT, PSA,(c) EIN-PN 1 3- 3 8 9 4 9 8 9 -0 0 0 (d) Entity code E (e) or 103-121E at end of year (see instructions)

n IIn n II I n n l

147959681

(a) Name of MTIA, CCT, PSA, or103-121E GENESIS EMERGING COMMINGLED FUND

(b) Name of sponsor of entity listed in (a) GENE S I S

(o) . EIN-PN 22-3163872-001_(d) Entitycode __

IIIII I Inl illll I I

INVESTMENT MGT

EDollar value of interest in MTIA, CCT, PSA,

(e) or 103.121E at end of year (see nstructons) 109152950

(a) Name of MTIA, CCT, PSA, or103.121E VARDON INTERNATIONAL BP LTD

(b)

(c)

Name of sponsor of entity listed in (a) VARDON CAP ITAL MGT

Dollar value of interest in MTIA, CCT, PSA,EIN-PN 13-4091779-000 (d) Entitycode E (e) or l 03.121E at end of year (see instructions)

I NI I N IH I HPl

24369293

(a) Name of MTIA, CCT, PSA, or103-121E OCM EUROPEAN HIGH YIELD FUND,~ LP

(b) Name of sponsor of entity listed in (a) OAKTREE

(C) EIN-PN 95-4740200-001(d) Entitycode

II I

CAPITAL MGT


__ (e) or 103-12lE at end of year (see instructions) 17019253

(a) Name of MTIA, CCT, PSA, or I03-121E ALLWEATHER PORT LTD OFFSH FEED FD

(b) Name of sponsor of entity listed in (a) BRIDGEWATER ASSOCIATESDollar Value of interest in MTIA, CCT, PSA,

(C) EIN-pN98-0501379-001(d) Entitycode E (e) or l 03.121E at end of year (see instructions)

H IL III I n II In

192918142

(a) Name of MTIA, CCT, PSA, or103-121E BRIDGEWATER PURE ALPHA II

(b)

(c)

Name of sponsor of entity listed in (a) BRIDGEWATER ASSOCIATESDollar value of interest in MTIA, CCT, PSA,

EIN-PN 98-0503009-001(d) Entitycoda E (e) or l03.121E at end of year (sea instructions)

i III II I III I I

101654772

L_

1 2 0 5 5 7 0 2 0 M

IIII11111111111111111H1111111111111111111111111111111111I

r-Schedule D (Form 550..0.) 2005 Page 2

Official Uee Only

(a) Name of MTIA, CCT, PSA, or 103.121E OCM

(b) Name of sponsor of entity listed in (a) OAETREE

(o) EIN.PN 95-4868008-001(d) Entitycode

(a)

(b)

(c)

(a)

(b)

(c)

(a)

(b)

(c)

HIGH INCOME CONVERTIBLE, LP

CAPITAL MGT


__(e) or 103-121E at end of year (see instructions) 10582459

Name of MTIA, CCT, PSA, or 103.121E OCM OPPORTUNITIES FUND IV LP

Name of sponsor of entity listed in (a) OAKTREE CAP ITAL MGTDollar value of interest in MTIA, CCT, PSA,

EIN-PN 9 5-4 8 7 8 2 2 1-0 01 (d) Entity code E (e) or 103-121E at end of year (see instructions)

ii iiiii ii1=1 in. i1=

5390491

Name of MTIA, CCT, PSA, or 103-121E OCM PRINCIPAL OPPORTUNITIES FUND II

Name of sponsor of entity listed in (a) OAKTREE CAPITAL MGT

Dollar value of interest in MTIA, CCT, PSA,EIN-PN 95-4833215-001(d) Entitycode E (e) or l 03-121E at end of year (see instructions)

iii i iiqlll I,i i ililii

18894099

Name of MTIA, CCT, PSA, or103-121E HARBOURVEST INTL PRIV EQ PTR III LP

Name of sponsor of entity listed in (a) HARBOURVEST PARTNERS LLC

Dollar value of interest in MTIA, GCT, PSA,EIN-PN 04-3402908-001(d) Entitycode E (e) or l 03-121E at end of year (see instructions) 10471217

(a)

(b)

(c)

(a)

(b)

(c)

................ ,,,,,

Name of MTIA, CCT, PSA, or 103-121E HARBOURVEST VI

Name of sponsor of entity listed in (a) HARBOURVEST

EIN-PN 04-3464304-001(d) Entitycode E (e)

i ii iiiiili~j

Name of MTIA, CCT, PSA, or 103-121E HA/~BOURVEST INTL IV

Name of sponsor of entity listed in (a) HARBOURVEST PARTNERS

EIN.PN 0 4- 3 5 4 18 6 3-0 0 1 (d) Entity code __

ii,

PARTNERSHIP FUND

PARTNERS LLC

Dollar value of interest in MTIA, CCT, PSA,or 103.121E at end of year (see instructions)

PARTNERSHIP FD

LLC

Dollar value of interest in MTIA, CCT, PSA,E (e) or 103-121E at end of year (see instructions)

7840239

8309184

?E~

n

1 2 0 5 5 7 0 2 0 M

I IIIIII IM IIIII 11111 IIIII 11111 III[I H IIIII IIIIIII II IIIII

Schedule D (Form 550.0) 2005

....... .........

Page 2 IOfficial Use Only

(a)

(b)

(c)

(a)

(b)

(c)

(a)

(b)

(c)

Name of MTIA, OCT, PSA, or 103-1215 HARBOURVEST VENT VII PTRNSHP FD LP

Name of sponsor of entity listed in (a) HARBOURVEST PARTNERS LLC

Dollar value of interest in MTIA, COT, PSA,EIN*PN 03-0438209-0011d) Entitycode E (e) or l 03-121E at end of year (see instructions)

, i n illl, n ii

2080370

Name of MTIA, OCT, PSA, or 103.121E NEW ASIA EAST INVESTMENT FUND

Name of sponsor of entity listed in (a) CAP I TAL INTERNATIONAL, INC.

Dollar value of interest in MTIA, CCT, PSA,51N-PN 9 5-4 1 5 4 3 6 1-0 0 3 (d) Entity code _E (e) or 103-1215 at end of year (see instructions)

i .,J,.= i iiii i i

Name of MTIA, CCT, PSA, or 103-1215 BRIDGEWATER CORPORATE BOND FUND

1031515

Name of sponsor of entity listed in (a) BRIDGEWATER ASSOCIATES

Dollar value of interest in MTIA, CCT, PSA,EIN.PN 52-2317130-999.(d) Entitycode E (e) or lO3.121E at end of year (see instructions) 42699338

I ill I I I mll

Name of MTIA, CCT, PSA, or103-121E LOWE HOSPITALITY STRUCT INV FD II

Name of sponsor of entity listed in (a) LOWE HOSPITALITY

Dollar value of interest in MTIA, COT, PSA,EIN-PN 98-0385476-999 (d) Entitycode E (e) or l03.121E at end of year (see instructions)

I II IIII I III I II m IIIIIJ

15419852

(a)

(b)

(c)

(a)

(b)

(c)i ilnn

Nameof MTIA, COT, PSA, or 103.121E FORE PLAN ASSETS FUND

Name of sponsor of entity listed in (a) FORE ADVISORS, L. P ¯Dollar value of interest in MTIA, CCT, PSA,

EIN*PN 9 8-- 046 86 0 9 - 0 0 0 (d) Entity code E (e) or 103-121E at end of year (see instructions)

i ininiiniii i i i I I Ill I I

21022454

Name of MTIA, OCT, PSA, or 103-121E QUELLOS QPA, LTD.

Name of sponsor of entity listed in (a) QUELLOS

51N.PN 9 1 -- 1 8 8 3 1 7 2 --00 3 (d) Entity code

i iiii n i nll.ii . i

CAPITAL MGT


__ (e) or 103-121E at end of year (see instructions) 64305915

I

1 2 0 5 5 7 0 2 0 M

111111111111 IIIII IIIII llll111111 IIIII IIIII IIIII IIIIIii II IIIII

Schedule D (Form 5500) 2005

.....) ..... ,)Pag..e 2

Official USe only

(a)

(b)

(c)umau,

(a)

(b)

(c)

(a)

(b)

(c)

(a)

(b)

(c)i|

(a)

(b)

(c)

(a)

(b)

(c)

Name of MTIA, CCT, PSA, or 103-121E QUELLOS _A_.,R.S FUND LTD

Name of sponsor of entity listed in (a) QUELLOS- CAPIT2~T.J MGT

Dollar value of interest in MTIA, CCT, PSA,EIN-PN 91-1883172-002 (d) Entitycode E (e) or l03-121E at end of year (see instructions)

,, . i i| HI i

Name of MTIA, CCT, PSA, or 103-121E QWEST MASTER TRUST SSGA R2 000

137780965

Name of sponsor of entity listed in (a) QWEST COMMUNICATIONS

Dollar value of interest in MTIA, CCT, PSA,EIN-PN 04-6944568-005 (d) Entitycode M (e) or l 03-121E at end of year (see instructions)

iiii i,i i i i i i

Name of MTIA, CCT, PSA, or 103-121E QWEST MASTER TRUST WELLINGTON

11029739


Dollar value of interest in MTIA, CCT, PSA,E1N-PN 04-6944568-005 (d) Entitycode M (e) or l03-121E at end of year (see instructions)

ii illlll i ,

26926037

Name of MTIA, CCT, PSA, or 103-121E QWEST MASTER TRUST GSAM


Dollar value of interest in MTIA, CCT, PSA,EIN.PN 04--6944568-005 (d) Entitycode M (e) or l 03-121E at end of year (see instructions)

ii, iJ,...== . i , i i

82786077

Name of MTIA, CCT, PSA, or 103.121E

Name of sponsor of entity listed in (a)

Dollar value of interest in MTIA, CCT, PSA,EIN-PN (d) Entity code __ (e) or 103-121E at end of year (see instructions)

i i HH III ~ HII

Name of MTIA, CCT, PSA, or 103.121E

Name of sponsor of entity listed in (a)

EIN-PN (d) Entity code __(e)

tumuli i i HI i i

Dollar value of interest in MTIA, CCT, PSA,or 103-121E at end of year (see instructions)

/I 2 0 5 5 7 0 2 0M

I lllIll IIIII IIIII IIIII IIIII lllII lUll IIIII IIIII IIIIIII II IIIII

[-Schedule D (Form 550.0) 2005 Page 3 I

Official Use Only

I:~:i~i:~:~!~!:~:’~] Information on Participating Plans (to be completed by DFEs)

(a) Plan name

(b) Name of plan sponsor

ii ilUl

(a) Plan name

(C) EIN.PN


ii i llllll

(a) Plan name

(c) EIN-PN

i i

(b) Nameof plan sponsor

==

(a) Plan name

(C) EIN-PN

i |ll


(a) Plan name

(C) EIN-PN

ill


i

(a) Plan name

(C) EIN-PN

i=


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(a) Plan name

(C) EIN-PN

i=


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(a) Plan name

(C) EIN-PN


iii i i,

(C) EIN-PN

ii

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12 0 5 5 ? 0 3 0 N

I lUlI111111 L[II111111 I[111 IllLI IIIII UlU IIIII IIIIIII II [111/

SCHEDULE H(Form 5500)

Department of the Traasu~Internal Revenue Service

Department of LaborEmployee Benefits Secudty

Administration


Financial Information

This schedule is required to be filed under Section 104 of the EmployeeRetirement Income Security Act of 1974 (ERISA) and section 6058(a) of the

Internal Revenue Code (the Code).

Jb~ File as an attachment to Form 5500.

[Official Use Only

OMB No, 1210-0110

2OO5This Form is Open

to Public Inspection.

For calendar year 2005 or,,,fiscal plan year beg ,nn ngA Name of plan

QWEST PENSION PLAN

and ending

ta Three-digit

plan number I~ 005

D Employerldentification Number

84-1339282C Plan sponsor’s name as shown on line 2a of Form 5500

QWEST COMMUNICATIONS INTERNATIONALl~i]il Asset and Liability Statement1 Current value of plan assets and liabilities at the beginning and end of the plan year. Combine the value of plan assets held in more than one

trust. Report the value of the plan’s interest in a commingled fund containing the assets of more than one plan on a line-by-line basis unless thevalue is reportable on lines 1 c(9) through 1 e(14). Do not enter the value of that portion of an insurance contract which guarantees, during thisplan year, to pay a specific dollar benefit at a future date. Round off amounts to the nearest dollar. MTIAs CCTs, PeAs, and 103-12 IEs do notcomplete lines 1 b(1), 1 b(2), I c(8), lg, 1 h, and 1 i. CCTs, PSAs and 103-12 I Es also do not complete lines ld and 1 e. See instructions.

Assets i{:iiii, i’ii::~ii:~iii:~iii:~iii:~iJii~ (a) Beginning of Year (b) End of.Year

Total noninterest-bearing cash ........................................................................... a 8 2 2 8 4Receivables (less allowance for doubtful acoou nts): ~]iii:.i::iii::i::iiiii::iiiii::i::i::iiiiiiiiiiiiiii::iii::iii ~ ........................................................

(1) Employer cent ributions .................................................................................. b(1) ._(2) Participant contributions .............................................................................. b(2)(3) Other ............................................................................................................ b(3) 48090649 30978952General investments: ~[~=;~[~::~::~::~::~;~::~::~::~::~::~::~::::~::~::~::~::~::~::~::~::~::~::~::~::~::~:~=~:~:~=~=~:~ i!iii:iiiiiiiiiiiiiiiii:~i:~iiiiiiiii

(1) Interest.bearing cash (incl. money market accounts & certificates of deposit) ... C(1) 51286844 38663127(2) U.S. Government securities ...........................................................................

...C{2!,’’ 490767181

433458550(3) Corporate debt instruments (other than employer securities): iiii;iiiiiiiiiiii!i!:,ii!iiii!i ~.i~i~i~i~i~i:~;ii~;iiii~i~iii~ii;~;;iiiiiiiiiiiiiiiiiiii~iii~i~i~i~iiiii~:~ii~i~ii:J:~iiii i:!~;:ii;ii:ii:;ii:ii~;;~i;;ii:iiii~iiiiii~!’~!i’iiiiiiii~iiiii!~:~

(4)

(5)(5)(7)(8)(9)

(10)(11)(12)(13)(14)

(A) Preferred c(3)(A) 284555051(B) All other !c(3)(B) 453461502Corporate stocks (other than employer securities): .~!i~:~:~:i!!!~!i~iiiiiiiiii:~iii~iii.ii.iiiiiiiiiiiiiiiiiiiiiiii~iiiiii~iiiiiiiiii~iii~i~i~i~i!iiii(A) Preferred ................................................................................................ c(4)(A)(B) Common ................................................................................................ c(4)(B)Partnership/joint venture interests .................................................................. C(5)Real estate (other than employer real property) ............................................. C(6)Loans (other than to participants) .................................................................. O(7)Participant loans .......................................................................................... 0(8)Value of interest in common/collective trusts ................................................ C(9)Value of interest in pooled separate accounts ................................................ 0(10)Value of interest in master trust investment accounts .................................... C(11)Value of interest in 103-12 investment entities ................................................ C(12)Value of interest in registered investment companies (e.g., mutual funds) ......... C(13)Value of funds held in insurance co. general account (unallocated contracts) ... 0(14}

c(15)(15) Other ................... _:=.. ....................................................................................For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500.

240705042532844409

24932368 458049753316503363 28490557421225306644 1114357070

794366166 1044106112319407862 367498646177464273 120741853446087873 938902i893126868i5 323895786

1305711034 .... 1361026582v8.2 Schedule H (Form 5500) 2005

�?

/1 8 0 5 5 7 0 1 0 R

l IIIIII Irlll IIIII llIll IIIII IIIII IIIII llrll IIIII IIIH II llllI

r--Schedule H (Form 5500) 2005

1 d Employer-related investments: i~iiiiiii!i~ii!iiiiiiii(1) Employer securities ........................................................................d(1)(2) Employer real property ..................................................................d(2)

e Buildings and other property used in plan operation .............................. ef Total assets (add all amounts in lines la through le) .............................. f

:::::::::::::::::::::Liabilities :,!:,:,i!i~,i!::::iiii;:i;~

g Benefit claims payable ........................................................................gh Operating payables ..............................................................................hi Acquisition indebtedness ..................................................................... ij Other liabilities ....................................................................................j

k Total liabilities (add all amounts in lines lg through l j) ........................... k...................

Net Assets :::::::::::::::::::::::::::::::::Net assets (subtract line 1 k from line lf) ................................................ iI

Iii!i~iiii]::i!il Income and Expense Statement

Page 2 iOfficial Use Only

(a) Beg~ning of Year (b) End ofYear

12157849 2558847

9262867758 94445978’82

76699754 5737309827190265 26758836

25462223 12125557129352242 96257491

ii~i~i~i~iiiiiiiii~iiiiiiiiii~i~iiiii~iii!!i~!~!~!~!~iiiii~i~i~i~i~i~i~ii~ii~i~i~ii~iiiiiiiii~iii~iiii~iii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~ii~iiiiiiii~i~i~i~i!~i~i~i~ii~i~i~i~i~i~ii~9133515516 9348340391

2 Plan income, expenses, and changes in net assets for the year. Include all income and expenses of the plan, including any trust(s) or separatelymaintained fund(s) and any payments/receipts to/from insurance carriers. Round off amounts to the nearest dollar. MTIAs, CCTs, PSAs, and103-12 IEs do not complete lines 2a, 2b(1)(E), 2e, 2f, and 2g.

Incomea Contributions:

(1) Received or receivable in cash from: (A) Employers ............(B) Participants .....................................................................(C) Others (including rollovers) ..............................................

(2) Noncash contributions .........................................................(3) Total contributions. Add lines 2a(1)(A), (B), (C), and line 2a(2)

b Earnings on investments:(1) Interest:

(A) Interest-bearing cash (including money marketaccounts and certificates of deposit) ..............................

(B) U.S. Government securities .............................................(C) Corporate debt instruments .............................................(D) Loans (other than to participants) ....................................(E) Participant loans ............................................................(F) Other ..............................................................................(G) Total interest. Add lines 2b(1)(A) through (F) .....................

(2) Dividends: (A) Preferred stock ..........................................(B) Common stock ...............................................................(O) Total dividends. Add lines 2b(2)(A) and (B) ........................

(3) Rents ....................................................................................(4) Net gain (loss) on sale of assets: (A) Aggregate proceeds ...

(B) Aggregate carrying amount (see instructions) ..................

._ (C) S.u,b, tr,act line 2b(4)(B) from line 2b(4)(A) and enter result...

:::::::::::::::::::::::::::2::::::::::::::::::::::::::::::::::::::::::::::::::::::(a) Amount (b) Totaliiii~ii~ii~i~i~ii~i~i~i :i:i:i:i:i:i:i:i:i:i:i:i:~:~:~!~:~!~:~:~:i‘~i:i‘‘~‘‘i:i:i‘‘i:i:i~i~i‘.i‘~i~:!‘~i:~:i:i:i:!~i:!:i:i:iSi:i:i:i:i:i:i:i:i ~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~~~~:~:~:~iSi:i:i~~i;i:i:i:i:i:

a(1)(A)a(1)(B)a(1)(C)

a(2) ~~~:_.= ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::.............................................. ~,.~,,~,.~,,~:~i~i~i~i~ii!i:;;;;ii~i;~ . iiii’,i’,i’,!’,~.’,ii’,’,i’~,,’~,,’,’,i’,~:~ ...............

~’";"~;";iX; ......................~::::"~:~"~ .....................~:~:~:~:~-~:~:~:~:~?~:~:~:o::~::~b(1)(B) 22261556~QL.. 40140769b(1)(D)b(1)(E)

3470.9532b(1)(F)b(1)(G)b(2)(A)b(2)(B)b(2)(C)

b(3)b(4)(A)b(4)(B)b(4)(C)

i~!~!!!ii!iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii!i!!i!i!i980733171510727 iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~~!~i~i~i~~i~~ii!~i~iii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii

627~91o5 iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~iiiiiii~iiiiiii~iiiii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiI i i!ii iii!iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii::. 64289832I~i~iiii~iiiiiiii;i;iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~iiiiiiiiiiiii~iiii~4643752256 ii

4095838933iiiiii!ii!!!i!iii!iiii!!!!!~!~i~~~~~i~!~i~~iiiiiiiiiiii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii 547913323

L

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,, ~ , ~, ,, , ,, ,, , ) ,, ,

1 8 0 5 5 7 0 2 0 S

I IIH IIIII IIIII IIIII HI llIll IIIII IIIII IIIII IIM II llllI

F-Schedule H (Form 5500) 2005

2b (5) Unrealized appreciation (depreciation) of assets: (A) Real estate ...............(B) Other ...................................................................................................(C) Total unrealized appreciation of assets. Add lines 2b(5)(A) and (B) .........

(6) Net investment gain (loss) from common/collective trusts ...........................(7) Net investment gain (loss) from pooled separate accounts ...........................

(8) Net investment gain (loss) from master trust investment accounts ...............(9) Net investment gain (loss) from 103-12 investment entities ...........................

(10) Net investment gain (loss) from registered investment companies(e.g., mutual funds) ....................................................................................

¢ Other income ...................................................................................................d Total income. Add all income amounts in column (b) and enter total ..................

Expensese Benefit payment and payments to provide benefits:

(1) Directly to participants or beneficiaries, including direct roltovers ..................(2) To insurance carriers for the provision of benefits .......................................(3) Other .........................................................................................................(4) Total benefit payments. Add lines 2e(1) through (3) ....................................

f Corrective distributions (see instructions) .........................................................g Certain deemed distributions of participant loans (see instruct ons) ..............h interest expense .............................................................................................

Administrative expenses: (1) Professional fees(2) Contract administrator fees ........................................................................(3) Investment advisory and management fees .................................................(4) Other .........................................................................................................(5) Total administrative expenses. Add lines 2i(1) through (4) ...........................

j Total expenses. Add all expense amounts in column (b) and enter total ............Net Income and Reconciliation

k Net income (loss) (subtract line 2j from line 2d) ...................................................Transfers of assets(1) To this plan ................................................................................................

tant’s Opinion

Page 3Official Use Only

...............................,..

i~i~:;i~::~::~:;:;:;:;:;i~:;::;ili;i; (a) Amount (b) Totalb(5l(A)b(5)(B) 4 7 7 7 4 8 9 4b~(C) ~ii~ii~ii~iii~iiii~iiiii~i~iii!~i!~!i~i!iiiiii~ii~47774894

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......... ~ ~#~i~,~i;i,~ i~iiiiiiiii~iii,~ii~ii~i~i~i~i;i#i~i~i~ ~"~~ii~iiiii~iiiiiiiiiiiii~iiiiiiiiiii~ii~!~i~!~!!!~!~ii!~!!!~=~i~!i ;i!iiiiiii~I ~i~i-li~ ~~

iiiiiiiiiiiiiiiiiiiiiiiiii’,iiiiiiiiiiiiiiiiiiiiiii iiiiiiiii ! ................

Complete lines 3a through 3c if the opinion of an independent qualified public accountant is attached to this Form 5500.Complete line 3d if an opinion is not attached,

a The attached opinion of an independent qualified public accountant for this~olan is (see instructions):(1) U Unqualified (2) ~] Qualified (3) ~X~ Disclaimer (4) UAdverse

b Did the accountant perform a limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)? ................................. ~] YesC Enter the name and EIN of the accountant (or accounting firm) I~

BROCK AND COMPANY, CPAS, P.C. 84-0930288

No

d The~oinion of an independent qualified public accountant is not attached because:

(1) IJ this form is filed for a CCT, PSAorMTIA, (2) E] it will be attached to the next Form 5500 pursuant to 29 CFR 2520.104.50.

/1 8 0 5 5 7 0 3 0 T

J IIIIII IIIII llrrr IH IIIII llnl Inll IIIII IIIII H Ir HI

F-Schedule H (Form 5500) 2005

........... ....... )Page4

Official Use Only

I:~i:~a~:~i:|~ii:iI Transactions During Plan Year4 CCTs and PSAs do not complete Part IV. MTIAs, 103-12 IEs, and GIAs de not complete 4a, 4e, 4f, 4g, 4h, 4k, or 5.

103-12 IEs also do not complete 4j.During the plan year: Yes No Amount

a Did the employer fail to transmit to the plan any participant contributions within the timeperiod described in 29 CFR 2510.3-102? (See instructions and DOL’s Voluntary FiduciaryCorrection Program.) .........................................................................................................

b Were any loans by the plan or fixed income obligations due the plan in default as of the close ~iii’

i~:~i~i!;ii[i~[i~ii~[i~!ii[il;iiii;i;~i;~i;~ii~iii:~ii~i~i~ii~

of plan year or classified during the year as uncollectible? Disregard participant leans secured i~ii~iiii~ii~i~i~i~i~i~i~i~iii~!~!iiii!i~!i!!ii!ii!ii~ii;~ii~ib X

c X

d X

e e X 50000000

f X.......... :.~:.~:.~:.~:.~:.~:.~:.i:.~:.~:.! i i i i i i ! i ~ ~ ~ i ~ ~ ~ :. ~ ~ ~ ~ ~ ~:i:i !:!:i ~ i i i i i i i:i:i:i:i:i’,~

g, X

h X’iii i~:.:.:.:.!:.:.:.:.:4 X

}~ii~iiiiiiii~i1~:~ii~!~!~!~‘~i~l~l~l~1~l~l~l~l~l~[~i~l~l~!~l~‘~![~‘‘:‘i:~i~i~i

J X

k ~:ii ~i~k ~ iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~i!i~i~i~iiiii;ii:~iiiii~iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii~i!

5 a Has a resolution to terminate the plan been adopted during the plan year or any prior plan year? If yes, enter the amount of any plan assets thatreverted to the employer th s year ..................................................................... ~-] Yes ~ No Amount

5 b If, during this plan year, any assets or liabilities were transferred from this plan to another plan(s), identify the plan(s) to which assets or liabilitieswere transferred. (See instructions).

5b(1) Name of plan(s) 5b(2) EIa(s) 5b(3) Pa(s)

by participant’s account balance, (Attach Schedule G (Form 5500) Part I if "Yes" is checked)Were any leases to which the plan was a party in default or classified during the year asuncollectible? (Attach Schedule G (Form 5500) Part II if "Yes" is checked) ...........................Were there any nonexempt transactions with any party-in-interest? (Do not includetransactions reported on line 4a. Attach Schedule G (Form 5500) Part III if "Yes" ischecked on line 4d.) .........................................................................................................Was this plan covered by a fidelity bond? ...........................................................................Did the plan have a loss, whether or not reimbursed by the plan’s fidelity bond, that wascaused by fraud or dishonesty? ..........................................................................................Did the plan hold any assets whose current value was neither readily determinable on anestablished market nor set by an independent third party appraiser? ....................................Did the plan receive any noncash contributions whose value was neither readily determinableon an established market nor set by an independent third party appraiser? ...........................Did the plan have assets held for investment? (Attach schedule(s) of assets if "Yes" ischecked, and see instructions for format requirements) ......................................................Were any plan transactions or series of transactions in excess of 5% of the current value ofplan assets? (Attach schedule of transactions if "Yes" is checked and see instructions forformat requirements) .........................................................................................................Were all the plan assets either distributed to participants or beneficiaries, transferred toanother lan or brou ht under the control of the PBGC? ...................................................

l 8 0 5 5 7 0 4 0 U

, 111111111111111111111111111111111111111111111111111111111111

Mellon

USH O00510QQ~EST PENSION TRUSTTOTAL PENSION

SHAREs/.P.~UI~ %ECUK~Ty DESCRIpTION

QWEST PENSION PLAN ...... r~EIN 84-1339282 PLAN NUMBER; 00~

SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS(HELD AT END OF YEAR)

B~oe SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR$i DECEMBER 2005

COST MARKETVAL~

RUN DATEr" 2~-JUL-0~PAGEI l.bll102E

UNREALIZED

I=~EREST-BEARIN~ CJ~[

136j8~4,7505 AUg {AUSTRALIAN DOLLARS)101~&24.G9 0,0000

62j457,3000 NZO (NE~ ZEALAND DOLLAR]42s577.07 ~.0000

5,4E00 HUF (HUNGARIAN FORINT) 0.00 0,00002j0~6.5000 CHF CSWISS FRANC] 1j573.8~ L0000

483.$000 TRY [NEN TURKISH LIRA) 356.85 0.0005B95~52.3700 OBp (GREAT BRITISH POUNDS] 1,B41a305.E9 0.0000185~84.6050 TND (TAIHAN DOLLAR} SjG02.~4 0.ooo5

¯ 577~$6~.9~o0 HKD (HONG KoNO DOLLARS) 74,~63,99 O,OOOO1j092~858.0000 JPY (JAPANESE YEN) 16~40,S4 5,0000

482,~00,815.0000 KRN [SOUTH KOREAN NON] ~77j222,73 0,000540,164.y500 SGO (SINGAPORE DOLLARS) 23j7<~.9~ 0.000016~072.2450 MYR [MALAYSIAN RINGGITI ~,254,34 5,0000

100~II,78

0,00

I~<5.20

$~7,G0

1~557,Z~7,86

5,6~7.61

16~B8~,17

~77~Z22,7~

24~1~S.01

4,252.48

40,53-

0.00

28.62-

0,77

I0,0~7.7~-

45.17

0,~7

1<~,65

0,01-

410.06

1,SO-

USN O000100~NEs~ PENSION TRUSTTOTAL PENSION

SHARES/

~[~225+~500

960~$3~.6B00-

$8,~91.2805

1~026~570.9000

2,~9~,7400

1,792. B400

72~52~.7S00

6,58B,92~+5700

~,500,000.0000

5~500,000.0000

3~000,000.0000

5,000~000,0000

~,OOO~O00,O000

~500 SCHEDULE OF ~NVE~TNENT$ AT END OF PLAN YEAR$] ~ECEHBER 2005

~RIT¥ DESCRIpT~~

PHP (PHILIPPINES PESO}2,761.64 0o000~

~L~ (I~RAEL[ SHEKEL)~,9&6.~ 0.0000.

ZAR [SOUTH AFRICAN RAND} 151,~04.B1- 0.0000ARS (ARGENTINE PESO}

BRL (BRAZILIAN REAL)17,316.65 0.0000

HKN (MEXICAN PESO} ~5,E03,55 0.0005GAD [CANADIAN DOLLARs)

~9~755.75 O,O000OKK [~ANISH KRONE}

403.41 0.0000NOX (NORNEBIAN KRONE}

27].27 0,0000SEK [$HEUISH KRONA) ~,116,2G 0.0000EUR (EURO}

7,81~$2.B0 0,0000CANADAIAN IMP BK INSTL C/D

~,~DB~B~0.~0 99,9710VAR RT 0~/27/2007DD 04/2g/04

D~TIBANK HA NY BRH IN~TL C/D ~,500~000.00 100.0000~.19~X 01/27/200&DO 10/2B/0~

COMERICA BANK [NSTL C/D2,99~,27B,7~ 9~.97~VAR RT 11/1~/~007DO ll/[~/0S

EUROHYPO AG NY BRH INSTL C/D ~,000~0O0.00 100.0o00~.I&~X 01/06/2056 DD 11/09/o5

SUNTRUST BANK ATL IN~TL C/D 4~o00,00o,00 I00.0080VAR RT 05/17/2007 DD 0S/17/04

HARKETvA~

B~954.82

151~44,81-

~7~25.4g

16,3S6.7~

96,~05.54

49.76~,41

394,36

266.77

~,112,75

7~771~967.15

3~99B~8~0.~0

$~500~000,00

2,99~27~+7q

3~000,000.00 .

~mO00~20,O0

RUN DATEr 26-JUL-06PAGE= 2MI102E

UNREALIZED

11.7~-

q.00

959+B6-

0,01-

11,71

9.05-

6+50-

$.5]-

<2~365.65-

O.O0

0+00

0,00

0.00

~20+00

MellonQWEST PENSION PLAN ....... )

ElM 84-1339282 PLAN NUMBER: 005SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS

(HELD AT END OF YEAR)

}--j

J

USW O000100QNEST PENSION TRUSTTOTAL PENSION

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 2005

SHARES/s~cu~n-y DESC~PTr0~

789,9SI.2200. BSOT-LATE HONEY DEPOSIT AC~TVAR RT 12131/2049 DO 06/26797

272,762.2900 ~WAP COLLATERAL WITH LEHMAN

¯ 9,964,917.2700 FUTURES CASH COLLATERAL HARBIN

TOTAL INTEREST-BEARINS CASH

QOVERNMEMT SECUR~T~ES1,25~.6~00 FARMERS HOME ADHIN 3975

10.&2$Zlll01/2008

3,018,758.5000 FHLMC POOL #E9-645~~.000X 05/0112015 DO 05101/05

2tZ$4,985.~500

05101/052j055,422.&000

08101105

4,226~950.8800

08101105920,~2,8100

09101105253,205,9500

071011058,295~2~9.9200

06/01/055~6,0ga.7500

0610112035 DO 0~/01/05

FHLMS POOL #E9-69054,5001 05101/2018 DO

FHLMC POOL ~Eg-S5044.000~ 05/01/2015 DD

FHLMC POOL #E~88954.5001 0810112018 DD

FHLMC POOL #E9-9105S.000~ 09[0112018 DD

FMLMO POOL #A~-6279S,OOOX 0710112055 DD

FHLMS POOL #G0~I8595.0001 06/01/2055 DD

FHLMO POOL #00~80625.0001

cos~ PRI~789,951,22 100.0000

E72~762.29 1,00O0

9,96~,917.27 1.0000

58j71BjSIT,91

1,255,55 100.0000

3j070,309.52 99.1612

2j254,875.52 97.5502

2~016,540.50 9S.5380

4,112,341.42 97,5602

955,905.12 99.1612

245,570.54 96.7987

8~200,655.11 97.0~13

5~0~578.$7 90.7987

MARKET

789~g~1.22

272,752,29

9,96~917.27

~8,66~,125.99

1,255.65

2,995~37,95

2,1B0~4~.42

I~944,602.04

4,125,806.28

912,712.52

245~098,~1

8,0�9,001.94

35S,019.17

RUN SATE: 2&-JUL-06PAGE: 3MII~2E

UNREALIZED

0,00

0,00

0.00

55,4~0.92~

0.00

76,871.57-

~4,417.10-

11,464.8~

25,252.&0-

1,527.87

151,651.17-

~,44~.80

tt

7

J

J

USW G000100QWEST PENSION TRUSTTOTAL PENSION

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR51DECEHBER 200S

~cuRITY P~SCRIPTTON

FNLMC POOL #sI-80~$~,000X 01/0It~020 DS 01101105

FEDERAL HOME LN MTS CORP MTN~.875X 01/12/2009 DD 01112104

FEDERAL HOHE LN MT~ COEP MTN5.2501 11/02~007 DD 11/~2/0~

FEDERAL HOME LN MTO CORP MTN3.SS0M 11/1~/2007 DD 11/15/04

FEDERAL HOME LN MTS CORP MT~4.~OOX 05/0~/2008 DD 05/05/05

EHLHC POOL #G0-16726,500~ 05/01/20~4 D~ 05/01/04

FHLMC POOL #S0~17055.S00X 06/01/2054 ~D 06/01/0~

FHLHC POOL #G0-17~7S.O00X 12/01/2054 DD ii/01/04

SHARES/

I~I81~2G1,6500

~,000,000.0000

1,040~000.0000

7,170,000.0000

82~,000.0000

I~007~722.0~00

S,$73~954.5200

5,155~6~6.9100

776,248.0~00 FHLMG POOL #G0-174I&.500X 10/01/2054 DD II/01/04

451,140.5~00 FHLMO GROUP #SI-0~90?.O00X 01101/2015 DD 12/0k/gO

900,50~,I~00 FHLMC POOL #s1-1470~.500Z iI101/~015 DD 10/01/03

99E, Z&7.~900 . FHLMC POOL #Gl-1600 .~.ooox 02/0112020 DO 0~/01105

i,I44,06S.8400 FHLMC POOL #C6-68756,5001 0510172052 DU 05/01102

1,162,988.$9 98.9718

3,982,024.80 97.S242

1,011,80~.60 97.56~I

7;017,039.7~ 97,8547

824,412.&0 98.9~V2

~,04£,771,91 102,6896

S,466,007.15 99.187~

~,9S2,567,~0 97.0~I$

808,570.25 I02.G~7

~78~86.$0 102.9566

88~,~$8.29 97.5602

9~4~425.2~ 95,2285

1,190,$64,76 102.5896

MARKETVALUE

I~I69,110.56

$~900,9&9.20

I~012,~08.27

7,010,184.1~

816,248.40

1,0~826.79

~530,294.31

S,000:04~.00

7~5,217.90

464,~79.15

S78,S~4,SI

948,254o91

1,174,857,09

RUN DATE: 26-JUL-06PAGE,MllOEE

UNREALIZED "

0,127,57

81,055.60-

802.67

85S,&4-

S.164.12~

11;945.13-

48,075.70

I1,$52.5]-

I4~007,17-

~,805,78-

5~831.68

1~,527.67-

Mellon

%QWEST PENSION PLAN

E[N 84-1339282 PLAN NUMBER: 005SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEARUSH G0O01O0 $I DECEMBER 200SQWEST PENSION TRUSTTOTAL PENs[0N

SHARES/SECURITV DESCRIPT~ COST

175~E67.8~00 FHLMC POOL #CQ-0gI0 157,&43.50 10q.694101/01/2030 DO 01/01/00

1,520,257.1200 FHLMO POOL ~C0-~371 1~608j004~87 I04.08117,0001 06/01/R052 DD 06/01/02

1,59~,699.8500 FHLHC POOL #C0~1427 1,961,15S.19 I01.0840&.000X 11/01/203~ DD 11/01/02

1,418.2700 FHLN~ GROUP #C3-7857 1,502.10 104.20287.000~ 04/01/2050 DD04/01/00

75~,6~8.1700 FHLMC POOL #E0-1304 758a248.38 ?7.56024.~001 01/01/2018 DO01/01/05

5,160,91~.&20~ FHLMO POOL #E0-1543 ~249,051.46 ~9.16125.0001 04101/2018 DD04101103

18,$81.$700 FHLNC FOOL #AI-E&95 19,260.87 I02.4437&.5oo~ 11101/2053 DD11/01/05

1~723j325.2500 FHLMC POOL ~01~1429 1~7255240.~2 97.5&024.5001 12/01/2018 DD 12/01/05

1,167,G79.]500 FHLMC POOL #B1-1878 Ij161,695.69 97,56024,506~ 01/01/2019 DO 01/01/04

420,040.~200 FHLM¢ POOL #BI-41S0 404j157.7~ 95,22854.000~ 05/01/Z019 D~ 05/0110~

17,590,5000 FHLMO POOL #A2-47~7 I8,~38.51 102,~i~06.500~ 07/01/2g54 DD 07/01/04

I~826.~500 FHLMC POOL ~A2-4~2 19~72~,75 IO2.~10o6,SO01 07/01/2o5~ DO 07/01104

255,287.6000 FHLMC POOL #A2-6001 2~4~19.67 102,~1606,5001 08(01/2054 DO 08/0~/04

MARKETVALUE

l&3~B0g.22

1,5~250.00

1,919~28~.10

I~477.B8

7~6~227.23

5~117~6~0,S4

1G~830.BB

1.681,20L~1

1,15B.606.05

399,998,~8

18,023.70

19,281.21

RUN DATE: 26-JUL-0&PAGE=MII02E

URREALIXEg~_LAL~Lg_E~

~,o~,oa-

2~72~.87-

41,B72.Og~

24,2~-

2,021.15-

151,420.9Z-

429,99-

41~959,31~

2~089,~4-

~,157.26-

414.61-

UBW sO00100QWEST PENSION TRUSTTOTAL PENSION

SHARES/~AR VALU~

672,755.~00

56jI~.2600

1,~00,000.0000

65,5~.6~00

2~340#000.0000

1,478,95~.8000

2,000,000.0000

4,000,000.0000

&80,0O0,0000

1,750,000.0000

6~400~000,0000

789,~0~.5700

55g0 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 2005

SECURITY DESCRIPTION ~ PRICE

FHLMC POOL #A2-6508 24,044.B5 102.41606.500X 09/01/2034 DD 09/01/0~

FHLMC GROUP #C4-55~8 703,140.67 108.I0&08.S00X 0~/01/2031 DO 05/01/01

FHLMO POOL #CE-Bggs 60,695.97 I06,8210B.000X 10/01/20~1 DO 10/01/01

FEDERAL HoME LN ORS CONS Bo 1,2~1,070.00 92,1347ZEROCPN I0/0~/2007 DG 10/15/02

FHLHC HULTICLASS HTO T-S CL A6 6~264.7~ 99.$7707.120X 06/2~/2028 DD 05/01/97

FHLHC HULTZCLABS MTO 2104 P~ 2,407,275,00 I02.03106.000X 12/15/Z028 DD 12/01/98

FHLMC MULTICLASS CTF 1688 J 1,519,702.10 100.77006,0001 1R/15/2015

FEDERAL HOME LN BK$ # TR 0089B ~,968,768.00 97.98385.625X 01/IS/2008 DD 01/07/OS

FEDERAL HONE LN BKS CONS BD ~,9G~,954,00 98+5221~.6ZEX 06/20/2007 DD 06/0&/05

FEDERAL HONE LN BKS CONS BD &73,480.16 gB.7925~.2~OX O9/12t2000 DO 08/03/0~

FEDERAL HOME LN BK$ DONS SO 1,746,294.20 99.384g~.2SOX 0~/16/2007 DD 10/05/05

FEDERAL HoME LN BKS CONS BDS 6~78,3~I.&Z 99.6809~.SOOX 05/II/~007 DD I1/O1/OS

FHLHO POOL ~Gl-1817 7~5,116.i0 i00.7550~.5001 01/01/201~ DD 11/01/05

UNREALIZED

~40.&B=

S,882.92-

675,25=

8,B16.72

19,749.60=

29,$$7.5~-

9,091.40-

2~0gB.B0~

i,$90,8~-

7,057.40-

1,2~1.7~

483.4~

Mellon

USH G0001O0~HEST PENSION TRUSTTOTAL PENSION

SHARES/V~

2,S00,000.0000

4>805j000.0000

~j000j000,0000

3~000~000+0000

3~200~000.0000

4:000~000.0000

Ij7S0~000.0000

2~500~000.0000

15,~00j000,0000

795j000.0000

775j000.0000

430~000.0000

lj460sO00.O000

..... ,,,)

QWEST PENSION PLAN ~t~

EIN 84-1339282 PLAN NUMBER: 005SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS

(HELD AT END OF’YEAR)

5500 SCHEDULE OF INVESTHENTS AT END OF PLAN YEAR31 DECEMBER 2005

SECURITY DESCR~RTION COS.~

FEDERAL HOME LN BKS CONS BD 2~619~700,75 95,2545

2,6~Z 07/I5/2005 DD 07/01103

FEDERAL HOME LN MTG gORP DISC 4,789j305.65 99,67~3

MAT 01/10/2006

FEDERAL HONE LN MT~ OORP DE~ ~,830j912.80 12~.77896°750X 09/15/2029 DD 11/22/99

FEDERAL HOME LN MTG CORP DEB~ 2,930~S7,60 96.0&05

2,750X 03/15/2008 ~D 03107/05

FEDERAL HOME LN HT@ CORP DEBS ~,290j732.16 100,56784.875x 11/15/2013 D~10/17/05

FEDERAL HOME LN MTO CORP DEBS 3~957~910.S0 97.6~92Z,875X 05/15/2007 DD 04/1&/04

FEDERAL HOME LN MTG CORP DEBS 1~730,372.00 97,9S64

3.625X 02/15/2008 DO 02118/05

FEDERAL HOME LN MT~ CORP ~E~S 2~490,750o00 98.17123.B75X 00/13/200~ DD 05/20/05

FEDERAL NATL MTG ASS~ DISCOUNT 15,159j354.40 99.0807

MAT OZ/OB/2OO&

FEDERAL NATL MTS A~SH DEB~ B19,051,26 102.92886.O00X 05/15/200~ DD 05/11/9~

FEDERAL HATL MTG ASSN 00493 765,409.55 97,7951~.200X 06/08/200~ DD 00/08/05

FEDERAL NATL MTO AS~N ~36~460,32 I01.56715,2EOX 01/15/200~ DD 01111/99

FEDERAL NATL MTG ASSN ~EBS 1,659~2fl2.70 117°72516.Z~OX 05/151202~ DD 0511~/99

RUN DATE= 26-JUL-06PA@E: 7HII02E

UNREALIZED

0.00

160~46o~0

~8~672,60-

72~560.32~

51,5~2.00-

~6,470.00~

0;00

7~7.00~

7,~97.04-

278.55

USW 6000100~HEST PERSION TRUSTTOTAL PENSION

SHARES/SECURITY DESCRIPTION

620~000.0000 FEDERAL NATLMTB ASSN DEBS6,375~ 06/15/2009 OD 06/05/97

1~500,000.0000 FEDERAL NATL HTG ASSH ORBS6.62~x 09/15/2009 Do 09/01/99

4,000,000,0000 FEDERAL NATL HTG ASSN DEB37,250~ 01/15/~010 DO i/i~/2000

52E,000.0000 FEDERAL NATL MT@ ASSN6,000X 05/I5/2011DD 05/25/01

5~500~000.0000 FEDERAL NATL HTG ASSN5.250X 0~/15/2007 DO 05/26/02

2,000,000,0000 FEDERAL NATL HTG ASSN DEBS4.OOOX 09/0~/2008 DD 08/IS/03

Z~O00>O00.O000 FEDERAL NATL MTB ASSN DEBS3.750X 09/IS/2008 DD 0911~/03

1,050,000.0000 FNMA OTD REHIO CTF 1997-M~ D6.740X 08/25/2007

1,579,~57.1B00 FNMA OTD REMIt PIT 1999-6 PB&,OOOX 05/25/20~9

~755,000,0000 FNMA MTHO,000X 01/22/2008 D~ 01/3o/0~

880,000.0000 FEDERAL NATL MTQ A$$H MTN3.800X 01/1812008 DO 0111B/0S

~,567~002.3300 FNHA pOOL #02S225~6.000X 02/01/202~ DD 01101/99

$66~29~.6500 FNHA "POOL #02529787.S00X 01/01/2015 DD 12/01/99

5500 SCHEDULE OF INVEsTMENT~ AT END OF PLAN YEAR~I DECEMBER ZOO5

RUN DATE: 26-JUL-06PA~E: BHlIO2E

MARKET UNREALIZED

~ _VALUE

879,~50,52 105.1~81 ~&2~E42.$7 17~307.85-

1j652,23~.00 i06,3~90 1,59~,255.00 57~000.00~

4,594~671,20 109.1280 ~565,120,00 229~551.20-

505~272,75 I0~,7255 S~S,05B.?~ ~10~21~,82~

5,669~180,00 100,6~50 5,557,641.10 131,3~8,90-

1~978~99&,00 98,0127 1~960~254,00 18~74Z.00-

I~9~9,084.00 97,5402 1)9~0~805.00 38~279.00-

1~122~712.50 102.2060 1~073~79~.00 48~919.50-

I~434,20~.39 101.0470 i~39~,900.I0 40,30~.29~

4,299,1~8.15 90.8407 4,~19j476,71 20~338,S&

570,663.20 98.19S5 564~I05.5~ 6,$59,61-

~,695,5S1,2& 101.0761 3,605,$88,01 g0,192,3~

~02:2~3.28 I0~,9660 594~41S,9~ 7~82~.$4-

Mellon

US~ ~O00IDQQ~E~T PENSION TRUSTTOTAL PENSION

SHARES/.~ SECURITY DESCRIPTION

$d7,~91.0100 EMMA Pool #o253o~&7.OOOX 021o112030 DO oi/o1/00

(,Sll.OSOO FNHA POOL #02552057.50OX 0510112030 OD 04101100

239~652,0100 FNMA POOL #02535977,500X 0810112030 GO 07/01100

~87,01~.77OO FNMA POOL #02538427.000X 0610112031 D~ 05101/01

965,900.1000 FNMA POoL #02538466.500X 061oI12016 OD 05101101

29~j525.6000 FNHA POOL #02S41337.500X 13101/2031 OD 11101101

~23j~75,7400 FNMA POOL ~o2542616,50ox 04/01/2o17 DD 05/01/02

2~062,~55.7700 FHHA POOL #02547584.5oo~ 06/01/201~ DO 05101/03

]~o6o.935,78oo P’NMA POOL #02548454.000X 07101/2015 0D 06101105

6,015,$45.6700 FNMA POOL #02549035,000~ 1010112055 DD 0S/01/03

593a504,3600 FNMA POOL #02549094*000X 09/01/2013 D0 08/01/0~

1,775,475.2600 FNNA POOL #02549184.500~ 0910112033 DD 08101103

2~844,17/.9600 FNHA POOL #05239796.500X 04/0112029 DO 09101199

QWEST PENSION PLAN ?EIN 84-t339282 PLAN NUMBER: 005


5500 SCHEDULE 0F INVESTMENTS AT ENO OF PLAN YEAR31 DECEHBER 2005

RUN DATE: 2G-JUL-06PAGE: 9Mll02E

MARKET UNEEALIZED~O~,~T ~ VALUE GAit-t/LOSS

~68j~50262 I04.$I~ ~62,69~.~9 5,694.21-

4,814.70 I04.7198 4,7~4.00 90,70-

255~772.2~ 104.71~8 2~0~9~.15 4,810.06-

409)511.84 104,2437 4o~,437.55 &,O74.20-

1,021,0GT.qG 102.7540 990~315.15 50,751.31~

31~,27i,2& 104.&957 507)311.84 5.250,44~

44~,686.81 102.7536 435m15~.80 13,532.01-

2,0~7,509.91 97.9800 2~020~960.t9 6~349.72-

1,037,727.81 97.1540 1,050,741.55 6~986,2&~

5~89)528.0~ 97,2580 5~850~600.79 137,927.24-

579.120.66 97.1190 576~211.26 2~90~.42-

1,728,584.1& 94,5070 1,677,632.40 50~751.78~

2,982~7~8.81 102.8637 2~925,653.85 57,054,9&~

USH G0O01O0

TOTAL PENSION

SHARES/

I~904,390o1400 FNHA POOL #032S9O00.000X 0410112014 DO09101199

991~58a. S400 FNHA POOL ~01572446,500X 0710112032 DO 07/01/02

2~678,80~,4700 FN~A POOL #03574184.000X 08/0112018 OD 08/01/0~

5,000~000.0000 FNHA POOL ~03606006,568X 04/0112006 D9 10101/97

~52,258.6200 FNHA POOL #0429~227,000~ 05/01/2028 Do 05/011~5

240,3~8,6000 FNNA POOL #04877997.000X 04t01/2029 DO 05101/99

57,1~4.0000 FNHA POOL #05222237.O00X 09/0112014 DD 02101/00

4~3&9,8000 FNMA POOL #05~50507.500~ 12/01/Z029 OD 11101199

650)035.65o0. FNMA POOL #05356166.000X I0101/2009 DO11/01/00

1,4&7,~87.2300 FNNA POOL #05452966.000X 11101/2015 DO I0/01/01

275,914,3800 FNHA POOL #055518404/01/2017 DO 12/01/02

4,267,2~5.0200 FNNA POOL #05558005.500X 10/01/2018 DO 09101105

$~704~IS7.4600 FNHA POOL #05558510,50OX 01/01/20~ DO 10/01/03

,5~00 SCHEgULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 2005

RUN DATE= 20-JULy06PAGE= 10HI102E

MARKET UNREALIZEDCO~T pRICE VALUE GAIN/LOSS

1~998~110.81 i02o1206 1~944~775.74 53~535,07-

1~019,&70,~5 I02,7427 I~020~840.24 1~169,59

2,580,862.61 95,4735 2,557~5~2.31 25,810,28-

5,287,478.85 103.0780 5~153,900.00 I~,578,85=

373,271.20 104.2~37 367,207.53 0,004,37-

254~644,29 104,5145 250~708,18 3~9~,ii-

60~625,77 102,9528 58,822.56 i~751.21-

4,665.00 104,7442 4)577.11 87.89-

GGl~5$1,6G 102.0732 04~097.72 18,493.94-

1,5~7,899.89 102o1210 1~498~817,82 $9~082.07-

205~512,70 ~02.1210 28I~766,70 3,540+00-

4=20~570.13 g9.2169 4)253~850.61 27:260.48

3~880~002,26 102,8021 $~807~9S$+~Z 7~,018+84-

}

Mellon

USW ~o0oI0oQNEST PENSION TRUSTTOTAL PEHSIQN

SHARES/PAR VALU~ SECURITY DESCRIPTEO~

878~SZ.00QO FNNA POOL ~DSS59675,SOOX 11/01/2053 OD 11/01/03

296,172.5900 FNHA POOL ~06166227,000X 01/01/2032 DO 01/01/02

2,6~9,1000 FNMA POOL ~06233017+O00X 01/01/2032 DO 01/01/02

7,114.0600 FNHA POOL #06262717,G00X 03101/2032 DD 03101102

27%657.3500 FNMA POOL ~0650S677,000X 03/01/2052 DD 02/O1/OZ

70,068,5900 FNHA POOL ~06~08587.$00X 0~/01/20~2 DD 0~/01/02

~6,770.2500 FNMA POOL ~06~51267.500X 05/0~/20~2 DD 05101102

274j673.6900 FNHA POOL #0648735&.500X 08/01/2032 DD 08101102

1~100j000,0000 FNHA OTD REMIC P/TS.763X 12/2S/2011 DD OZ/O1/02

2j060~000.0000 FNHA DTD REHIO P/T 0!=Tll5.SOSX 0912512011 DO lO/Ol/Ol

7~O~OO0.O000 F~MA OTD REMIC P/T3.480X 10/25/2011 DD gS/Ol/03

1,850,000,0000 FHLMC NULTICLASS CTFS 2631 CD4.000X 10/1S/2026 DD 06/01103

485,000,0000 FNMA ~TO REMIt P/T5.000X 03/ZS/202S DD 03/01105

QWEST PENS/ON PLAN ........’~!"~

EIN 84-1339282 PLAN NUMBER: 005SCHEDULE H, LINE 4{: SCHEDULE OF ASSETS


5500 SCHEDULE OF IHVE~THENT~ AT END OF PLAN YEAR51 DECEMBER 200S

RUN DATE: 2~-JUL-06PAGE= IIMIIOZE

MARKET UNREALZZEg

cost p_~ VALUE

8$7,S07,36 99.2169 871,57~.~3 1S,934,03~

513~10,9~ I0~o26~7 $08j76~.i~ 4,6~8.75-

2j781,35 104.1732 2,7~8.S2 42.51-

7)~26,01 I0~.1732 7,~I0.95 IIS,06-

295,8~1,69 10~,1732 291,507o$6 4jS24,~3-

74j737.01 I04,6887 73,~53,92 1,355.09-

39,220.12 I0~.6887. ~8~49~.$1 72S.SI-

287,752.B1 102.7427 282,207.20 5,525.51-

1,I&6~21~.S4 104.6~90 1,1SI,OZ~.00 1SxlSS*84=

2,140~295.~2 103,2050 2,I26~02~.00 14~272.$2-

723~82.55 94,60~0 701~4.40 21j818.16-

1,772,~75.78 ~5.63~0 1~769~Z29.00 3,~46.75-

~90,759.38 99.7S40 ~B~80~,90 6.9~2.~D-

\:J

UsN O000100QNEST PENs~O~ TRUSTTOTAL PENSION

SHARES/~AR VALU~

~80#000.0000

785~000°0000

770,000,0000

SOO,O00.O000

625~000.0000

875,000+0000

~62~7~i,~600

~99~880,8500

B38~58~°0000

S~016~62~,5100

807~8~3.7900

5500 $OHEgULE OF INVEBTMENTE AT END OF PLAN YEAR31 DECEMBER 2005

~EcuRITV DE~CRIPTIOH

FHLHD HULTICLAS~ MTG5.000~ 02/25/2025 ~D 03/01/05

FNMA GTD REHIC P/T 05-62 JCS.OOOX OS/2S/2OSSDD 06/01/0~

FHLMC MULTICLAsS cTFS 2836 QBS.BOOX 0S/15/2018 DO 08/01/04

FHLHC HULTZCLA~3 MT~5.000X 10/15/2025 DD 09/0I/0~

FHLHC HULTICLA$~ CTFS 29~0 NA5.000X 11/15/20Z~ ~ 02/01/05

FHLHC MULTICLASS HT~ 2394 NAS,OOOX 0~/1S/202~ DO 02/01/0S

FHLHC HULTICLAS3 CTFS 295~ DS.O00~ 05/15/2025 DO 02/01/05

FHLHO MULTICLA$S CTF55.O00X 10/15/2025 DD 05/01/05

FHLHC MULTICLA$$ cTF$ ~0o2 HAS,OOOX o3/15/2o26 DD 07/01/05

FHLHO MULTICLAS~ MTO 3037 NA5.OOOX 03/15/2025 Og 09/01/0~

FNMA PooL #0685~74~.s00x 0~/011201B bb 04/01/03

FNHA POOL #072S051~,000X01/01/201~ DD 12/01/0~

FNMA POOL ~07254245.SOOX 0~/01120~ D9 04/01/04

482,118,73

760±5<5.51

792~640.~?

507,031,25

6~7,0~6.1~

&67,~82.~2

97~,659.20

535,~10.37

502)84~.89

S~016~712.77

1~17,548.86

99.18S0

97.0430

97.9210

99,1980

99,3620

99.34~0

99.92~0

99.~0S0

99.76~0

99.~210

97,S345

95,473S

MARKETVALUE

476~088.00

768,~52.SS

769,~91.70

~?S.9?0.0O

621~OIR,SO

86~260,00

962~009.51

528~299.1~

408j606.15

~7~619,93

4~892~962.60

l~Bo~SS~.51

801~488,~5

RUN DATE: Z6-JUL-06PAGE= 12HllOZE

UNREALIZED

6~0~0.75~

692.76-

23,2~8°69-

iI,041.~5=

1~023,6~-

18,222.~2=

16,629.69=

7, III.25-

~,152.76~

I,B47,69-

12$~750,17-

~5)995.~5-

6~073.09--

Mellon

US~ 0080100QNEST pENSION TRUSTTOTAL pENSIDN

~HARES/

4,175,~38,020o FNHA POOL #oc5o4557.000X 08/01/2032 DO 0~101/04

1,o78.7o7,8700 FHMA POOL ~o7286784,000X 0?/0112015 gO 07/01105

10,28],578,0000 FNHA POOL #07650S910/01/2019 DO 11101/04

2~502,247,7700 FNNA POOL #073S0616.000~ II/01/~0~4 DO 11101/04

1,340.$77,7~00 FNMA POOL ~07352245,500X 0210112055 O~ 01101105

50~,853.$400 FNMA POOL ~0735505&.O00~ 0410112035 DU 04/01/05

2~224,777,5400 FHHA POOL #07~58715,500X 07/0112055 DD08/01105

Ss890~798.I000 FNMA POOL #07402255,500X 07/01/20~$ D909/0110~

6,659j~16,7900 FNMA POOL #07445134.S00X 09/01/2018 DO09/01/0~

4~349,882.5900 FNMA POOL #07450815.000X 06101/2034 DDll/01/0S

1,604~000,0000 FNMA POOL #07451454.50~X 12/01/~018 OD 12/01/05

44S,74~.5200 FNMA POOL #07589585.500X 01/0112034 0D 12/~iI03

$40~107.5~00 FHMA POOL #0795663~,500X 0910112054 DD 09101104

QWEST PENSION PLAN )EIN 84-1339282 PLAN NUMBER: 005


5~00 SCHEDULE OF [~VESTHENTS AT END OF PLAN YEAR~1 DECEMBER BO0~

cos]:

4~, ~I~, 944,07 t 04.1732

L, 019,454.54 95.4755

10+ 040~86G ,06 95.4044

2,52&~488 .~0 100.8885

I~3~0:929,18 99.2169

516,~.~8,40 100.8876

2~2~0~687, 21 ~9,1242

5,927.,578~30 99.2169

6,659)4:29,27 97,5~48

4,18S,147.78 97.2580

I ~ SS6 ~.130 ¯ 63 97.5548

401~002,26 79.2169

548~ 7~2.0I 99 ¯ 1242

MARKET

4,~47~502.47

1,029,957.$6

9~610~994.I0

2,524~47~.56

I~0~080,4~

510,$~3,S~

.2,200~294.24

3~B60~$SI,~4

6,49~,157,10

4,200~609.81

1,5~4~459.5~

~40,269.81

555.~28.97

RUN DATE~ 26-JUL-06PAGE: 15MIIO2E

UNREALIZEDGAIN/LOSS

68,441o60-

I~502.82

217,871.9~

2,012.74-

15,848o7~-

6~IS,07~

2S~$92.77-

67,246,~6-

164,272.17-

~5=462,03

6~$28.91

10~752o4S-

1S,$05.04-

USW b0OOlOOQNEST PENSION TRUSTTOTAL PENSION

~HARESIS~CURITY DESCRIPTION

1,520,915,~700 FNHA POOL #0841990VAR RT 11/01/2035 DD 10/01/05

2~040,000,0000 FINANCING CORP~.G00X 0410612018 DD 04106/8~

68G~000,0000 FIGO STRIPS SER D ~NT PMT 2019~o600~ 09/2S/20o7 ~D 10/23/S9

688,000,0000 FICO STRIPS sEE D tNT PMT 8.6x09/26/2008

41~521.7000 GNMA POOL #05967967,000X 12/15/2052 DD 12/91/02

13~41&.2800 GNMA POOL #0~921287.O00X 11/I5/20~2 D~ 11101102

231,772.1600 GNHA II POOL #00028857.500X 02/20/2030 OD 02101/00

39~89S,4400 GNMA Zl POOL #00011517,O00X 1012012031 DO I0101/01

194~523°7670 GNHA II POOL #00052297.000X 04/20/20~2 ~O 04/01/02

174,87~.1400 GHHA IZ POOL #00032407.0OOX 0~/20/2032 DD 05/01/02

905,950o5010 GNMA II POOL #0005598VAR RT 08/20/z0~4 DD 08/01/04

1~988,660.7800 GNMA POOL #04626626.S00X 07/i~/202S DO 07101/98

099~920.0100 GNMA POOL #05556867,000X 01/15/~0~ DO 01101/02


RUN DATE: 26-JULy06PAGE: 14Hll0ZE

MARKET UNREALIZED~OST PRIC~ ~ GAIH/L0~

~21~091,71 ~9.8666 I~51O~S85.00 2,200.71-

2~991~161,6~ 144.2650 2~943,006,00 48,155.65-

6~905.92 92.5500 635,250.40 11,524.48

597~761,72 ~8.1200 606,265,&0 8,505.65

44,042.17 105.0~86 43:&13,85 428.34-

1~,2~2.77 105,03a6 14,094.38 13B+39-

247,~0~.94 104.8400 242~989.97 4,~15.97-

42,262.55 I04,3360 41±62~,25 6~9°I0~

205)05~.90 104.3122 202~912.55 2~940.55-

185,062,44 104.3122 I~2~416.21 2:646.25-

9~6~150.$9 I02.09~S 922,855.44 15~277.13~

2,094~088.80 104,2585 2,076,S~7.51 20~750.99-

742~416.73 I05.0~86 735:195+70 7,221.0~-

Mellon

US~ 0000100QWEST P~NS~ON TRUSTTOTAL PENsro~

SHARES/

920,278.$200

I~500~000.0000

15,~5~,000.0000

21DsO00.O000

7,300,000.0000

355,000.0000

4,~4~j000.0000

5,960~000.0000

2jOOOmO00.O000

2,800j000.0000

14~755j000o0000

I~700,000o0000

970~000.0000

QWEST PENSION PLAN ,)EIN 84-t339282 PLAN NUMBER: 005


~500 sCHEDULE OF INVESTMENTO AT END OF PLAN YEAR3& DECEMBER 2005

}~ITY DESCRIPTION

6NMA POOL #07815~87,000X 09/15/2031 DS 09/01/01

~ TREASURY BILL0.000X 01126/X006 gO 07/28/05

U S TREASURY BILLDUE 02/09/2006 OD 08/11/2005

UNITE~ STATES TREASURY BILLO.O00~ 0~/16/2006 DD 09/15/05

US TREASURY BILLDUE 05/25/2006 BD 09/22/05

U S TREASURY BoN~S08.875X o8115/2017

U S TREASURY BONDS08.125~ 08/15/201~

U S TREASURY BONGSOB.750X 05/15/2020

U $ TREASURY BONDS07,875X 02/15/2021

U S TREASURY BONDS08.125X p811512021

U S TREASURY 5OND~6o250~ 08/I5/2025

U S TREASURY ~ONGS06,000~ 02/15/202G

U S TREASURY BOND~06,625X 02/15/2027

PB o8/15/87

DD 08/18/89

BD 08/15/90

BD 02115/9I

DB 08/15191

89 05f15/93

DO 02KlS/96

B~ 02/IS/97

RUN DATE~ ~E-JUL-06PAGE: 15MIIOZE

MARKET UNREALIZEOCOST PR~C~ VALUE

~76,07B,55 I05.1450 9&7~GB4.25 9,3~q.~0-

1,485~91.67 9~.0~94 i~8~91.67 0,00

15~298~469,8~ 99.0192 15,~98~&9.8~ 0.00

207,964.2S 9~.0305 207~964.25 0.00

7,B27~941.?0 99.0129 7~227~9~1,90 0.00

495~890,65 139.0S70 495,581.36 ~309.27-

6~10~,128.60 1~5.~99~ 6,0~1.820.78 7S,508.02-

8,5ZZ~954.77 1~5.5910 B~575~905.96 52j949.~9

2~702~860.i0 135,57~0 2,707,S00.00 4,659.90

3,877~607.7S I38.7870 ~,866,056.08 8~2S.$0

17~676,578.91 119.~365 I7~62~927.73 55,651.18-

1~944~308,59 117,7850 2~005,7~5.02 61~436,45

1,213~020.89 126.9~0 I)231~SS6,88 18~5,99

!-I

t

USN B000100QNEST PENSION TRUSTTOTAL PENSION

~HARES/

960~000.0000

I~603~000.0000

8,SOO~O00.O000

2,120,000.0000

~3,OO0~O00.O000

7~390~000+0000

730,000.0000

G, O00~O00,OO00

I~000~000.0000

700~000.0000

2jOgO,O00,O000

7,000,000.0000

1~890m000.0000

5500 SCHEOULE OF INVESTHENTS AT ENB OF PLAN YEAR81 DECEMBER 200~

SECURITY OSSCRIPTTOH COST PRICE

U S TREASURY BONDS I=187~250.00 120.74400~,125X 11/15/2027 DD 11/15/97

U S T~EASURY BONGS 1,7~4~814.&S 112.52205.SOOX 08/15/2028 00 OB/IB/B8

U S TREASURYBONDS 10~162~005.76 124.25296.250X 05/15/20~0 DB 12/15/99

U ~ TREASURY BONUS 2~3~I,B18.05 112.39095.37EX 02/15/2081 89 02/lS/O1

U ~ TREASURY NOTES 13~555,&~3.53 100.97204.7~0X 11/15/2008 BB 11/16/95

U S TREASURY NOTES 7~680~941.S7 102.6670~.S75~ 02115/2012DD 02/15102

U S TREASURY NOTES 7B0~gB1.34 100.05604.375X 08115/2012BD 08/15/02

U S TREASURY NOTES 7~787,187.50 97,5187$.000X 11/15/2007DD 11/15/02

U S TREASURY NOTES 986,579.97 96.~690"3.875X 02/I5/201~ UG 02/15/0~

U S TREASURY NOTES 714,490.9S ~?.0869~.250% iI/15/201~ BD 11/15/0~

U S TREASURY NOTES 2,0O3,B06.05 95.99603.000X 02/15/2009 ~O 02/I~/04

U S TREASURY NOTES ~727,S52.81 07.3530~.000~ 02/15/20I~ DD 02/15/0~

U S TREASURY NOTE~ I~308,904.69 Z0Z.~BB0~.750X 05/15/2014 DB 0S/15/04

MARKET

1,159,142.45

I~80S~727.71

~O,B61~KO4,B3

2~82~689.0I

7,557~091.50

7~0,262,82

7,601,519.76

969~&90.02

60~9~.99

2~006,S16.44

O,BIS,~IO.O0

I~2~15.75

RUN BATE: 26-JUL=06PAGE= . 16Hll02E

UNREALIZED

28,107.57-

68~915.08

$99~99.07

~0j870.90

437~275~53-

93~850.57=

718.~2=,.

1~,532.Z~

16,88~.95-

20,595.99-

2~810.$6

85,927.19

25,609.0~

Mellon

USN G000100QWEST pENSION TRUSTTOTAL PENSION

..... ’~)

QWEST PENSION PLAN

EIN 84-1339282 PLAN NUMBER: 005

SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


BE00 SCHEBULE OF ZNVESTHENTS AT END OF PLAN YEAR31 DECEMBER 2005

SHARES/

g~0@0,000.0000 U S TREASURY NOTES4.2SOX 11/15/2014 DD 11/15/04

19380,000.0000 U S TREASURY NOTE~3.125X 01/3112007 DD 01/31/0S

I8,8B0,000,0000 U S TREASURY NOTES$.375X 02/28/2007 DD 02/2@/05

¯ 2j000,000.0000 US TREASURY NOTES4.2EOX 0811512015 DD 08/1S/05

6,000,000.0000 U S TREASURY NOTES4.000X 08/31/2007 DD 08/$I/05

4,000,000.0000 g S TREASURY NOTES4.250X 11130/2007 DD 11130/05

740,000.0000 g S TREASURY NTS4.375X 12/15/2010 DD IZ/1B/05

1,435,000.0000 COHHIT TO PUR FHLHC SOLD SFMS,O00X 01/01/2036 DD 01/01/06

TOTAL ~. S, GGVERNHEHT SECURITIES

DEBT INSTRUMENTS = pREFERRED

1,475.000o0000 AIG SUHAHERIOA SR HI" 144AS.?OOX 0S/IS/2032 DD 0~/20/02

2,EO0, OOO.O000 ALZA GORF SUB DES CVTZEROCPN 07/2~/2010 DD 11/02/00

255,000.0000 AMERICAN EXPRESS MTN @ 00047S.000~ 12/02/2010 D~ 12/02/05

COST

5j897j109.3B 9B.8870

1j361~025.00 98,599~

18~687,025,25 ~8.7780

1,946,875.00 9~.7620

6.002,612.50 99.3470

3~990~156.2B 99.7200

740,403.91 100.1019

1~391,05~,1~ 90.7B12

436,731,165.49

MARKETVALUE

Sj933,Z20,O@

Ij360,G79.97

1B~649,286,40

1,975,~40,02

5j96@jB20,00

$,988~800.04

740,7~4,7~

~3@8~810.28

4~3=458,549.97

RuN DATE: 26-dUL-06PAGE= 17NII02E

UNREALIZED

3&,llO.&B

S7,738.85~

2@,565,02

41,992.50-

l~3B~.21-

350.B7

2,242,65-

3,272,61~.B2-

t,736,340.50 116.6710 1,720,897.25 15,~45.2B-

2~235~700.00 ~2.5000 2,0~2~S00.00 173,200.00-

254,087.10 100.2488 2559634.68 1,547.~8

USN G000100QHEST PENSION TRUSTTOTAL PENSION

~HARES/

~000,000.0000

3,600~000.0000

~0,0~0,000.0000

110,000.0000

2,000~000,0000

I,260>000.0000

630,000~0000

~gE~OOO.O000

1,000,000.0000

2BO, 000.0000

I~0~ 000.0000

1,2~, 000,0000

180,000.0000

5~00 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 BECENBER 200S

v D sER "

AMERICAN EXPRESS CO NTs.soox o~/lz/~oos D~ o~/~z/ot

AMERICAN EXP CO SR DES CONVSTEP 12/01/20~$ DD 11/21/03

AMERICAN EXPRESS CR 03~ CL A1,690~ 01tlS/2009 DD 06/1B/03

AMERICAN BEN F~N MTN ~TR004104.BTBX 07/ISf2012 DD 07/11/05

AMERICAN GENL coRP NTS7.~00X 08/1112010 DD 0B/11/00

AHOEN INCO.OOOX 03101/2032 GD 05105/05

BANG AHER CGHL MTG INC 05-6 AM5.182X 09/10/2047 DO 12/01/0~

BANK ONE CORP NT6.000X 08/01/200B DD 08/08/01

BANK ONE CORP SUB NT5.900Z ii/15/2011 BD 11/20/01

BANK ONE ISSUANCE TR 2002 3 NT3.590~ 05/17/2010 DD 0~/17/02

BANK AMERICA OORP SUB NTS7.12~X 10/15/2011 DD 10/24/06

BEARS STEARNS OS-ToP2O DL AABVAR RT 10112/2042 DD 10/01/0B

BEAR STEARNS COS ING GLOBAL NT5.300X I0/~0/201~ DD I0/31/05

COST

3,106~936,35

$~G99,900.00

9,860~659.20

I09,874.4~

2~304~396.82

972~0~6.23

630,001.~?

422j785.25

I,074,681.40

245,000.00

1729156.02

1~292~053.$7

179~395,40

PRICE

100,4680

100.1250

~8.6950

17,8~77

107.2230

78.0000

IO0.1BSO

102.6053

103.9614

9B.0610

llO.40~&

100.4037

99,846S

MARKETv~

5,014~0~0.00

3,820~500.00

107~32.~7

2,184,~61.06

982,800,00

650,976.50

40~291.24

I~O~%GI4*IB

24~1~2,50

1~5,~04*00

1,290~188,2B

177,725.B2

RUN DATE: 26-JUL-O6PAGE: 16NIIO2E

UNREALIZED

92,896,55-

120,600.00

87,$95.20

2,241.87-

119e935.7~-

10,753~77

97~.91

17,494.01-

~B,007.22~

152.B0

~52,02-

1,BG~.09~

~0.~2

!A[

Mellon

USW O000100QWEST PENSION TRUSTTOTAL PENSION

~HAREG/PAR VALUE

Bj000,000.0000

4~000,000.0000

60~000,0000

2,000~000.0000

165,000.0000

2.000jO00.O000

1j23~,000.0000

90~000.0000

ljBGBtgB$.5000

BOOj000.O00~

I0~j634,7~00

715~000.0000

B,000~600,0000

QWEST PENSION PLAN ..... :!"~

EIN 84-1339282 PLAN NUMBER; 005SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


5S00 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER B005

~_C~ITY DESCRIPTION

BEAR STEARN~ C0S NTHVAN RT 01/16/2007 DD 01116/04

BEAR ST£ARN~ COS INC MTNVAR RT 04/Ii/200& BO 04/11705

BELLSGUTH CORP DES6o5~0X 05/t3/2054 OD 06/29/04

BOEING CAP CORP SR HT7°3751 0912712010 DD 09/27/00

BOEING 00l.~BOX 0BllSlBOZ4 DD 08/13/92

BURLINGTON RESOURCES FINANCE&.6801 15=FEB-2011 OTD NT

BURLINGTON RESOUROES FINANCE7,4001 01-DEG-ZBBI GTD HT

CIT GROUP FDG CO CDA BR 144ASTEP 07/01/2010 DD 05/B1/05

CHALT INC 05-J4 MTG P/T 2-A-tOVAN RT 07/25/2035 Dg o5/27/0~

CALIFORNIA INFRAC 1~97-1 A86.480X 12/2612009 DD 12108197

CALIFORNIA INFRASTRUCTURE 97-I6.~801 09/25/200BIDD 12111197

CAPITAL ONE PRIME AUTO 05-1 A54.320~ 0B/15/2009 DD 08/30/05

CATERPILLAR FINL NTN ~TR00770VAN RT 04/07/2006 DD 04/08/04

RUN DATE: ZB-JUL~06PAGE= 19MII02E

MARKET UNREALIZED

COST ~ ~

~001j~60.00 I00.1670 2~00~j740.00 BjlB0.00

~6~705.~0 I06.5669 6~940,15 2~76B,~5-

2~30B~BBB.~0 I10.336~ 2~206,7~6,~0 ~01~S46.00-

21~,672.19 129.8097 214,186.04 48&.l~-

2,B4~356,72 10B.O~4 2~161,10B.24 BI~24B.4~-

1,511~225.25 127.01B7 1~568,6~4,19 $7,41B.94

89~7~5o&Q 98.8815 B8~99~,41 740,19-

l~262~DB~,50 9%8090 1,2G0,571.20 2,~12oB0~

B50,147,34 102,2&00 81B,080.00 32,067,5~-

10B,g0B.3S 100.8140 I06,494.~1 2,413,7~-

714~984.?I 99.2B00 709~85~.00 5,152,91-

2,99~,700.00 I00.0150 $~000~50.00 B~750.00

J

t

]

t

USN G00010OQHEST PENSION TRUSTTOTAL PENSION

BHARES/

~000~000.0000

~;450,000.0000

1,42~000.0000

1,4B5~000.0000

4~330,000°0000

312,558.1700

2~000~000°0000

I~000~000°0000

6B~000,0000

29E,000.0000

2,000,000.0000

I~G00>000.0000

3,000~000.0000

5500 SCHEDULE OF INVE~TMENT~ AT END OF PLAN YEAR~1DECEMBE~ 2005

sEcURITY DESCRTPTT,ON

CATERPILLAR FINL MTN #TR00775VAN RT 09/0B/2006 DD 09/I0/04

OITIGROUP INC GLOBAL SRNTVAN RT 06/0412007 OD 06/04/04

OITIGROUP INC GLOBAL NT~.BSOX I2/11/203~ DD 12/09F04

DITIBANK CR CARD ISS TR OB A~&

2.9001 0~/17/2010 DD 05/IB/03

ClTIBAN~ CR CARD TR 04 AI NT2.5501 01/20/2009 DD 01/ZG/04

CONNECTICUT RRB CL~P I CL A 55.7301 0~/~O/R009 DD 03/30/01

OONGCOPHILLIPS NT5.?oOX 10/15/2052 DD 10/09/02

CREDIT SUISSE FB HTN #TR00078VAN RT 04/05/2007 OD 0~/0~/04

CREDIT SUISSE FIRST BOSTON USA~,8751 D8/15/2010 D9 08/I7/05

DUKE ENERGY GGRP IST & REF MTG3.7BOX 03/05/2008 DD 09/05/0B

EMERSON ELEO CO NT5.62~X II/IS/201~ OD 11/14/01

FMR CORP DEBS 144A7o570X 06/IB/2029 DD 06/15/99

FIRST DATA CORPSR NT4.700M 11/01/2006 DO 11/0B/01

COST "

k,000,000.00 100.0620

~,450~17.E0 I00,0460

1,46B~gGi.78 10~°4034

1,454,301,17 95.7360

4~Z22,800.00 97,7130

BZ0,693,47 100,~360

2~091>O~B.O& I07.4~B6

I~000.~60.00 I00.0750

~28~794.~0 99.1940

29~311.86 97,502B

2,I57~178,&4 102.7802

1,999~24B.00 125.4680

3~067,0~4.22 99.85g0

MARKET

I~000.620.00

3,~1~5B7.00

1,487,748.95

1,421~67~.&0

4,2}0,972.90

314,52~.91

2,1~8~712.~&

1,000,9~0.00

619~963,05

257,631,82

2,0~5~60~.62

2,007,48~.0~

2,995,770,00

RUN DATE= 2G-JUL-06PAGE= 20Ml10ZE

UNREALIZEG

620.00

I~069,~0

18~787°17

12~621.57-

8~172,90

571674*40

470.00

B~BBI.~7-

$,6B0,04-

101~B73.02-

8,240.0D "

71~264,22-

Mellon

U$~ G000100QHEST PENSION TRUSTTOTAL PEN~ION

SHARES/

Is000j000.0Q00

~jZQ0jQ00.0000

]j775jOGO.OOO0

~95,000,0000

2,700~000.0000

2,7~5,000,0000

ljOOOmO00,0000

2mO00~O00.O000

5jOOOjO00.0000

610,000.0000

395~000.0000

7jSOOj000,0000

6~5,000°0000



5~o0 SCHEDULE OF INVESTMENTS AT END 0F PLAN YEAR31DECEH~E~ 2005

SECUR~TY O~c~tpTzoN COST PRZC~

FIRST UN HATL BK HTN #SB 0000~ 1,172,203.43 ]11.3~S7,80OX 0811812010 ~o 08/18/0o

FRANKLIN RES INS SR LIQUID YLD 3,670~67~.00 8@°[email protected] 05/I1/2001 DD II/02/0I

GENENTECH IHC’SR NT 1,75~j2~8.35 95,48~95.250X 07flS/200S DD 07/1B/OS

GENENTECH INC SR HT 394,751.15 97.0185~.750~ 07/lS/2015 DD 07/i~/0~

GENERAL ELEC CAP MTN #TR00699 2~628,750.~0 97.~500~.125X 0910112009 DD 06108/05

GENERAL ELEC CAP MTN #TROOP&2 2,987~53o.25 Io5.z6056.120X O2/2R/2OI1D~ 02/21/01

GENERAL ELEC CAP MTN CTR 00528 I~i~8,0~4.79 117.~9526.7~0~ 03/i~/2052 DD 05120102

GENERAL ELEC CAP MTN ~TR 00575 2~II1,990.50 102,~25&Ol/15/ZOl~ ~ 12/06/02

GOLDMAN SACHS SRP MTN ~TROO2II 2~999,520.00 100.20~0VAR RT I0/0S/2007 DO 10/05104

GOLDMAN SACHS GROUP INC NT &67,55~.25 107.7~&~.875~ 0111512011 DO 01116101

GOLDMAN SACHS CROUP INC SR NT 383,425.45 ~6.9829~,7~OX 071151201~ DD 07115/05

HBOS PLC MTN SR #SR00O27 I~A 7,~77~600.00 I00,0000VA~ RT 05/19/2006 DD 00121/0~"

HSBG FIN CORP NT 6~7jI$4,95 i00.25~05.250~ 0t11~/2o11 DD 1[/29105

MARKET

4,~77,250.00

380~223.~1

2~6~1,152.19

2,931~506,55

1,171~932.66

2,050,513.76

3,007~020.00

657~242.56

583~082.~9

7~500~000.00

RUN DATE: 26-JUL-06PAGEt 21MIIo2E

UNREALIZED

5~,788.50-

i~006~576.00

~I,527.74~

2~401.89

55,825,90-

3,857,89

61,476.7~~

7,500.00

10~51~.&9-

3~2,86-

2~400,00

~70,85-

I" "l

USN G0O010~QNEST PEN~IDNTRUSTTOTAL PEHSIO~

~HARE$/

2~000~000°0000

1)15~000.0o00

$~000~000.0000

&70,000.0000

8~0,000.0000

1,000~000.0000

~15,000.0000

]sO00~000.0000

500~000.0000

]~2gO~O00.O00O

1,6~0~000,0000

8~7~7~8.~6~0

2,~17,0~5.~00

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR5| D~CEMBER 2005

S~CURITY ~ESCR,~.~_T.,[g~

HSDO FZN CORP MTN = TR00003VAR RT 05/1012007 DD OS/IO/OS

HONDA AUTO R~cV 2005-6 CL A-~~,S00X 10119/2009 DD 12112105

HOUSEHOLD FIN CORP NTS6.~00X 06/1712008 DO 06/17198

HSbC AUTO TR SER ~05-1 CL A-4~.~50~ 06/I8/2012 DO 08122/05

INTER AMERN ~EV BK GLOBAL BO7,,$75X 01/1~/2010 ~D 01124100

ZNTL ~K FoR REC ~ ~EV MTN3.625XOS/21/2013 ~D 0~/21/00

J P HORSAH CHASE & CO G~L NT6.750x 02101/2011 Og 01/~0101

JP MORGAN CHASE & CO OLODAL NT6.625X 0~11~/2012 DD 0~/i~/02

JP MORGAN CHASE & CO~,l~OX 1010112015 DD 10/04/05

J P MORGAN CHASE 05-LDPI A-2~+625X 03/1S/20~& D~ 0~I01/0~

JP MORGAN CHASE 05-LDP~ A-SB~.S?SK 0&t15120~2 DD 08101105

KEY~ORP STUDENT LN TR 0~-3 A2VAR RT 07/2~/2029 DD 09115100

LB MTO TR SER 1992-17.Boo~x olIl~12oo?

RUN dATE: 26-JUL-OSPAOE~ 22NllO2E

MARKET UNREALIZEDCOST PR~C~ ~

2j000,000.00 100.0310 2,000)620.00 620.00

1~I~9,774.~9 100,0440 1,150,506°00 7~I.51

$,259,&~0.70 I05.2210 5~098~6~1.88 145,20~,&~

669,839.12 98.5390 660,211.50 9~&27.82~

972,~01o94 1~0,3077 920,585.5~ ~5,870o55-

972~19&.87 96;196S 961~965.71 10~2~,16~

46~,816.83 I07.~80 4~697.80 Z1,11~,05-

1,120,~26.79 107°65~S l~07&~Z~5,60 4~,O&l,19-

497,909.00 98.$68~ 492~841,5S ~1~7o~7-

I~296~405.56 9~.5750 1,271,630,~0 2~770.06-

1,688~555.02 78,5114 I~654,791,70 53~5&~.12~

882~&91,3~ 100.6530 &6~,~9~.5~ 50~.25

2s~7~08.&~ 102.~$98 2,26~,524.01 68~06~.85-

USN GooolooQHE~T PENSION TRUSTTOTAL PENSION

~HARE$/

73j000.0000

6~500,000.0000

~00+000.0000

200j000,0000

B65~000.0000

5j~90,000.0000

~5~000.0000

500,000.0000

330~000.0000

ljlISjO00.O000

2,000,000.0000

11,0006000.0000

IB0,000~0000



5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEARSl DECEMBER 2005

SECURITY DESCR~T~O~

LEHMAN ~Ros HLD~s MTN #TROO57B4.500X OT/~6/z010 OD 07/I~/05

LEHMAN ~ROTHER~ MTN #TR00494VAR RT 04120/2007 ~D 0~/20/04

H @ I MARSHALL&ILSLEY #TRO0021~.5001 0812512008 gg 0B/09105

MBNA AMER BK NATL ASSH&,625X 06/15/2012 DD 06/18102

MBNA CR CARD MST NT TR 05-$2.7501 10/15/2010 DD 06104105

MBNA CR CARD MASTER 05=i CL A4,200~ 09115/2010 DD 04/2010S

MBMA CR CARD ~005-7 CL A4.3001 02/I5/2011 DD 09/29/05

MASSACHUSETTS HUT LIFE 164A7.6251 11/1~/~025

MA$SMUTUAL GLOBAL FDG I~ 144A2+~5ox 0711512008 DD 06/17/03

METRoNIC INS CONT CONY DEB1,2SOX 09/I~12021 Og 0011~/04

MERCKS.9501 1210112028 DD i113019B

MERRILL LYNCH & CO HTN TR0035~VAR RT 04/1812006 DO 0~117103

MERRILL LYNCH & CO MTN TR00¢Bb4,~501 02/0B/2010 DD 02107/0~

RUN DATQ: 26-JUL-o6PAGE: ’~3MlI02E

MARKET UNREALIZE~cost PRICE VALU~

7~,695.oo 97.~90~. 7~,417.8~ I~77.17-

6,~04,050.00 100.1560 G~S10,140.00 ~I10,00

$97,000.00 99+10~6 396,41~+55 3,485.45=

217.296.00 108.2432 216,~6.54 S09.46-

B30~63~.52 95.4670 825~7B9,5~ 4,846.97~

5~488,576.09 9B.7550 5~421~6~9.50 66~927.~9~

4~4,081+?S 96.~0~0 ~39~668.90 5,~I~.08-

616~950.01 123+82S0 619~140.00 2,189.99

~16~69~+~0 9~,4210 ~11,589,30 5~105,10-

1~122~q64.82 101.2500 I~128~037,50 6~472.6~

2~068~662.72 102.1057 2,0~2~Ii~.64 2&~5~7~08-

11,030j910.00 100,0620 iI~006,820.00 24,090.00-

177,6~2.00 97,20~3 17~,965.95 2~676.05-

U~N O000100qNEST PENSION TRUSTTOTAL PENSIO~

SHARES/P~a v~cu~~95,000.0000

205,000+0000

~5~000.0000

1~000~000,0000

670~000,0000

2,000~000,0000

550~000.0000

7~000~000.0000

5~000,000.0000

4~000~000.0000

8~000~000,0000

375,000.b000

7~5~000.0000

5500 SCHEDULE OF INVE~THENT~ AT END OF PLAN YEAR~1 DECEMBER 2005

.,~.ECURITY D~scRTP~LOJ~

M~RRILL LYNCH MT~ 200B-SKIt A~5+~44X 11/12/20~7 ~ 12/01/05

HETLIFE INS SR NT6.125~ 1210112011 DD 11/~7/01

MORBAN STANLEY DN & CO GL NT6.7501 0~/151~011 ~D 04/2S/01

MOR~AN STANLEY DN HTN #TR00~94VAR RT 11/2412006 DD11724/03

MORGAN &TANLEY 05-IQ10 CL AAB~.1781 09/15/2042 DD 10/01/0~

HORBAN STANLEY NTVAR RT 1110912007 DD 11/12104

HOR~AN STANLEY NT5.375~ I0/15/201~ DD 10/21/o5

MOUND FIN@ PLC ~A AI-I I~4AVAR RT 002/08/2008 DD 06102/0~

NATIONAL RURAL UTILS MTN 00094VAR RT 02/17/2006 DD 0211910~

NATIONWIDE BLDO SOC MTN 144AVAR RT 007/21/2006 DD 07/23/03

NATIONWIDE BLDG MTN #SR00010VAR RT ol/i~/2006 DD 01/13/04

NATIONHIDE NTN #SRO0Ol9 144A~.2501 02101/2010 DD 0210~105

NISsAN AUTo LEASE 05=A SL A54.700~ 10/15/20o8 DD I01~5/05

COST495~704,$~ 101.1970

220~59,50 105.2295

467,~3.55 107,3086

1,000~620.00 lO0.10VO

675,676.96 100.1475

1,098,~20.00 100.1090

547~506.30 100.0362

7,000~000+00 99+0B&0

5~00~,100,00 09.98~0

~,o06,8~0,00 Io0+0950

8,006~2~0.00 100,0000

$70,841.~3 97+4~70

73~053.&2 99.6560

MARKETVALU~

500~925.15

~15~720.&1

46~,792.41

1~001~090,00

670~988.63

2,002~1B0,00

550~199+~0

6~999,020.00

~999~200.00

4~005~720.00

~,000~000.00

~65~8&.75

7~5,6~7+00

RUN DATE= 26=JUL-06

Mll02E

UNREALIZED

~.220.SI

~838.89-

541.14-

470,00

2,&~S,33-

3,760.00

2~893.10

[email protected]

~900.00~

~,120,00~

6,2~0.00~

I,~o6.02-

Mellon

USH GO00100QWEST pEnSION TRUSTTOTAL PENSION

’~ SHARES/

1,5E4~923.5400

2,350,000.0000

42S~000.0000

522,917,8300

2~500j000.0000

6~39~,000.0000

115,00o.0000

1,oo0,0o0,0000

935t0oo.oooo

20,000.0000

~02,250,20o0

~35,000.0000

425,000.0000

QWEST PENSION PLAN ""]h,,E[N 84-1339282 PLAN NUMBER: 005

SCHEDULE H, LINE 4h SCHEDULE OF ASSETS(HELD AT END OF YEAR)

5500 SCHEDULE OF INVESTMENTS AT ENn OF PLAN YEAR5i DECEHBER 2005

~OURITYDESCRIPTIO~

OIL ENTERPRISE~ LTD NTS 14qAVA~ RT 0615012000 DO 0615o190

PG&E ENERGY RECOVERY 05-2 A-I~,850% 00125/2011 DD 11109/05

PNC FOG CORP NT~,~OOX 05/i0/20~8 DD 0~/I0/05

PECO ENERGY 99-A CL A-66,050z 03/0112009 DD 03125/99

PECO ENERGY 99-A-A76.130X 0~I0112000 OD 03125199

PECG ENGY TRANSITION 2000 etA47.650X 03/0112010 DO 05102100

PETRONAS CAP LTD EURO GTD I~A7.875X 05122/2022 90 05122102

PITNEY BOHES CR CORP NT5.750X 0811512000 DD 03/22/01

PROCTER & GAMBLE C0 BEB8.OOX 0910112024

R H DONNELLEY CORP SR NT6,075X 01/15/2013 DD 01114105

RAILCAR LEASING cL A-1 lq4A6.750X 0711512006 DD 03/07/97

RAG LAFFAH LIQUEFIELD 14~A5.290X 0913012020 DO 00109105

REGIONS FINL CORP NEH SR NT4.500X 08/0812008 DD 00/08105

RUN DATE: 26-JUL-o6PAGE: 25Nl102£

HARKET UNREALIZEDPRICE VALU~

1,672j557.90 105.0537 I~6~2~095.91 70,~2,07-

2j~52~019.5~ lO0.Ol40 R,3~0~529o00 1,690,5~-

424j302.0~ 93,53~1 ~0~761,51 ~>600o53-

5~810~.09 100.0290 527~252.02 1~932,07-

2)&ll,q25.7B 102.5760 2~5&~400,00 47~02~.78-

7~5~,7~7.27 I00.1580 6~?BO~&5~.lO 56~,095.17-

I~2~30.9Q 124,5450 I~3~569,~5 1=230.55

1~065~10~,05 I02,30~8 1~02~04&,86 ~2~057.19-

1~2~I~667.65 15~.0310 1,2~5~059,65 Z,172.20

20)000.00 92.1250 10,425.00 1,575.00-

412~724,06 100.~800 ~04~215.24 8,511.62-

235~000.00 99.1710 25~051.85 I~9~8,15-

~24,528.25 99.1693 ~21,469.67 ]~058.58~

i ,

U$N G000100q~EST P~NSION TRUSTTOTAL P~N~IOH

~HARE~/

73&,~22,~00

5,210,000.0000

I#525~000,0000

5&O,O00.O000

~85~000,0000

~000~000.0000

2~000,000,0000

I~05B~000.0000

1,500)000,0000

7~000,000.0000

2~250,000.0000

1,97E,000.O000

I~170s000.0000

5500 SCHEDULE OF INVEGTMENT~ AT END GF PLAN YEAR31 DECEMBER 2005

SECURIT~ i~ESCRIPTION

RURAL H~G TR SR MTQ P/T CTF6.$~0X 0~/01/2o26 ~D 09115/87

FRANK RUSSELL CG HTS5.625X 01115/2009 DD 01/19/99

$BG UOHNUNICATIONS6.150X 09/1512054 DD 11/05/0~

SBC COMMUNICATIONS INCE,3OOX 11/1512010 DB 11114105

GLH STUDENT LN 2005-7 cL A-3~,410X 07/25/2o25 DD 0~111/05

SALOHON ~ROS COML MTG Ol-CI AS6,~25X IZ/10/2055 DD 07101/01

~ALOMON SMITH BARNEY RtDBs NT6.500x 02/15 12000 DD 02/06/01

SCHLUMBERGEE LTD SR NT CGNV BR.125~ 00101/2023 DD 06109103

SIGMA F~N IHC HTN lq4A TROOI?qVAR RT 0611~/2007 D~ Oq/lq/05

SOUTHTRU~T BK NA HTN # SRO0057VAR RT 0511~/2007 DD 03/19104

SPEdIALTY UNDERWRITING 05~c2VAR RT 12125/20~5 DO 05119105

TIAA GLOBAL NKTS INC NT 14~AG.l~SX 11/1512007 00 10/51102

TIAA GLOBAL MKT$ ~NC NT5.075X 01122/2008 DD 01110105

706~’020,51

3,410~111,41

I,<76~703.25

550~650.~0

501j~45.51

5~515~705.75

2~165,I~1,9q

I~193.<60,75

1~479~400,00

7~018:550.00

2,250~000.00

1,Id0~120.?0

99,8550

102.2650

100.<927

100.2~21

98.0290

~05.0959

~05.29~

129.5000

100,00o0

I00.i~00

100.2520

93,6400

90.0620

HARKETVALU~

~,282,706.50

1,5~2,515.0g

561,536,16

580,q91.65

5~204,776,25

2~065,$89,54

I,$66~225.00

I~500,000.00

7~00~500.00

2,255,220.00

1,750~860.00

I~Iq7,525~0

RUN DATE: 26-JUL-06PAGE~ 2&Mll02£

UNREALIZEDGAIN/LOSS

I~246.52~

127,40d,91-

55,810,6~

2,705.?6

05~.86-

250~?0S,50-

97~152,q0-

172~756.25

600,00

0,750.00~

5,220,00

~,877.75-

775.50-

Mellon

USW G000100QHEST PENSION TRUSTTOTAL PENSIO~

SHARES/

$O0,ogo.00QO

880~752.~600

~30~000.0000

~50,000.0000

2,6~9)370.~200

&~O00.O000

465,000.0000

l~&~jI52.ZO00

200j000.0000

13~,000.0000

1,750,000.0000

$,000,000o0000

QWEST PENS(ON PLANFIN 84-1339282 PLAN NUMBER" 005


5500 SCHEDULE oF [NVESTMENTS AT END oF PLAN YEAR3l DEcENBER 2005

SECURITY DESCR~PTIO~

3H CO LIQUID YLD OPT NT2.~00X II/21/2032 DD 05/09/03

TOYOTA AUTO RED 03-B A-3VAR RT 08/15/2o07 DD 09/18/o3

UFJ FIN ARUBA A E C GTD NT6.730~ 07115/2013 DD 07/2s/03

USAA AUTO OWNER TR Z00S-~ Aq4.G?0X 0811512012 DD 11/22/05

US BK NATL ASSN CINCINNATI~.125X 03/17/200& DO 03110/05

U~ AIR INC EHHANCED EQUIP CL A6.760X 0~/I5/2003 DO 04/15196

VOLKGHAOEN AUTO 0~-A A-32,8~0X 07120/2007 DD 09/29/0~

VOLKSWAGEN AUTO TR 0E~A A-33,820X 05/20/2008 OD 03103105

HEST PENN FOG LLD TRAN~ 05A AI4.460X 12/27/2010 DO 09127/05

HAcHoV%A CORP WEN SUB OEBS,500X 08/01/20SS D~ 08/01/0S

HAL-HART STORES INO NT4.12~X 07101/2010 OD 06/09105

HAL HART STORES ZNc NT5.ZEOX 09/01/2o~5 DD 08/31/o5

WASHINGTON HUT BK #SR00021VAR RT 08125/2008 DO 0B/25/o5

RUN DATE: ~&-JUL-06PAGE: 27MllO~E

MARKET URREALIZEDCOST PRIC~ ~

53Ij937.50 88.8750 533~250.00 l~31Z.S0

8~0~752.26 100.0150 580~88~.37 132.11

d73,569.I5 I03.9~14 ~8~624,6& 4~9�4.47-

~9~89~.79 100.2610 ~51~17q.50 I~79.71

2,382,057.~0 98.5700 2~843:747.13 ~8~310.17-

I19~692.15 0,0000 0.00 119,892.15-

641,271.26 98,8310 6~7,q59.95 3,BlI.31-

~G~973.06 9~.9950 ~60,326o75 ~648.31-

1~662,$33.65 9~.2300 I~&53~360.41 29~178.2~-

198,5~6,00 97.2550 19~)~10.01 ~,0~5.99-

131~B14.30 96.9~7~ 130~865.74 648,56-

I~770~930.00 96.8~75 1~695~531.00 75~373.00-

3~000~000.00 I00.0~60 3~001~3~0.00 I~380.00

i

U~H GOOOIOO~HEGT PENSION TRUSTTOTAL PENSIO~

.] SHARES/SECURITY DESCRIPTION

450,000.0000 WELLS FARGO ~ CO NEW SUB NTS.000X I1/15/2014 DD ll/0&/02

21~000.0000 HELLS FARGO & CO NEW NT~.~00~ 01/IS/2010 DD 12/05/0~

975~000.0000 WELLS FARGO & CO WEN S~ NT~.17~ 03/1012008 DO 03/09/05

x~5,000.0000 WELLS FARGO ¯ CO NEW NT

i 4.625~ 03/09/2010 DD 08/08/05

1~000~000,0000 WELLS FARGO FINL INC NT~.125X o~/18/2012 DD 04/15/02

3,170,000.0000 WELLS FARGO FINL OS-A CL A=44.280X 05/15/2012 DO 06/16/05

TOTAL CORPORATE DEBT INSTRUMENTS - PREFERRED

5500 SCHEDULE DF INVESTHENTS AT END OF PLAN YEAR31 DECEMBER ~o0~

RUN DATE: 26-JUL-O6PAGE; 28MIIOZE

750~000.0000

185~000.0000

~9,000.0000

1~0~000.0000

¢ORPORAT~ ~BT,,~N~TRUHENTS

I,I00~000+0000 ELEKTR~H F~NANCE B CV BD2.00oX 12-DEC-2005 EURG

SKYEPHARNA (JERSEY)6.000X GTD CNV SED oE-HAY-2O~

CELL C PTY LTg8,625X OI-JUL-ZQ12 I~A

COMPANIA VALE DO RIO DOCEVAR RT 29=SEPT-49 BRLI000 SER6

ELECTRIcIDAD DE CARACAS REG$IO.ZSOX GTB NTS 15=OCT-201~

1~126,03~.~0 I00.2617 1,10~879.25 2~,154,95=

I~125~63~.66 156.22~2 1~171,631.~8 ~047.22

223,267.25 117,9550 218,216.75 5,050,50-

0.o0 0.0000 0.00 0.00

1~9~595,00 I04.5000 146,300.00 3~295+00-

MARKET UNREALIZEDcost ~ VALUE

q~3,300.~0 9~,0119 445,553.90 2~253.~0

208~355.30 97.3846’ 20§,376.95 ~21.65

~61~01.2~ 98.5~18 961+173.24 128.01-

~154.50 98.7~&3 ~59~21.37 ~755.1~-

1~086~390,00 105.3750 1~053~750,00 3~840+00-

-5±I6~,~17.82 98.2370 3,114~]12.90 55,20~.92-

2~2,222~606.95 2~0,705~041.75 . 1,517~565,20-

Mellon

USH GSO0100QWEST PENSION TRUSTTOTAL PENSION

SHARE~I

I,IQQ,QO0.O000

21~,000.0000

300,000.0000

900,000.0000

310,000.0000

30S,00O°0000

495,000.0000

1,650,000,0000

I~409,000.0000

225,000.0000

I~269,090.0090

725j000.0000

ImST0j000°0000

QWEST PENSION PLAN ......EIN 84-1339282 PLAN NUMBER: 005


SSO~ SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31DECEHBER ~005

~,,cURITY OEB~XLPTION

EUROPEAN INVT BK BDS5.250Z 12-JAN-2009 USD100O

GAZPRON 0AO9.125X 8D$ 25-APR-07 USD i000

PETRONAS cAPITAL GTD NTS PEGS7.000~ 22-MAY-2012

DREDIT FUER WIEDERFAUFBAU EHTN4,625X 29-SEPT-2008

KAZOHMRTSBANK 8DS8,500X IB-APR-201S

TURANALEM FINANCE BBB PEG S7.875x O~-JUN-201O USD1000

AcCO BRANDS CORP SR SUB HT7.628X 08/18/2015 DD 0S/05/0S

ACIH INC SR DISC NT I~ASTEP 1211512012 DD 12/28/04

AHH HLDGS INGSTEP 0311~/2014 DD 0~/9~104

AMR CORP ~EL SR NT~,250X 09/2312025DD 09/23/08

AMR CORP DEL 8R NT pONV4.500X 02/15/292~ BD 02/13/0~

AMR HOLDCO INC / EMCARE 144A19.900X 02/15/2plb DO 02110105

AT~T HIRELE,~S SVCS INC 8R NT7,875X 0~/01/20110B 09/01/01

RUN DATE~ 26-JUL-06PAGE: 29Mll02E

MARKET U~l~EAL I ZED

cost PRICE ._y~LUE _~

1,152j 1~9.50 102.2100 1,12~310,00 27~829.50-

~9; 9~2.~0 10~l~000 22~1G~0400 S,91~-~0--

342,590,00 I10,6300 311~890.00 I0,500,00~

931,6~5. O0 100.2150 901,935,00 Z9,700.00~

325, &l1,61 109.0550 ~58~163,50 12,551,89

308,~61.74 I04.85~0 ~19~807,75 ll,~4(.nl

496~981.25 9~.Z500 ~&~BBT.BO 50~qq5.75-

1~ 015,000 ¯ 00 70.5000 I~ 163~250.09 148~ 250 ¯ 00

8~8,~00 ¯ 00 ~9 ¯ 0090 68(; ~ 000.0O 16";’,500.00~

202,714,44 140 ,&250 316~406,28 i1:%6~1 ,B1

1 ~556~857.50 117.6280 1,482~ 075,00 125~217,70

725~ 000 ¯ 00 106.7500 773,937.50 ~8,937.50

1~590~96.59 1]:2. 2528 1~526.,639.4~ &3,9-~;7- 46.

UsN G06010~~HEST PENSION TRUSTTOTAL PENSION

SHARES/

lle, 000~0000

453,000°0000

&BS,00O.000O

1~2~9~0~0,0000

1,50~,000.0000

2~I00~000.0000

810,000+0000

1,~00~O00.0000

600,000.0000

I~&20,009.0000

I~27~,000.0000

760.~000.0000

1,7B0~0p0.0000


$~CURITYDESCRIPTIQN

AT&T WIRELESS SVCS INC SR NT8,750~ 05/01/2031 DO 09101101

ABSENIX INC GR NT CONYI.TS0X lZ/15/2011DD 06/1~/05

ABITIBI CON$OLIDATE~ CO CDA6.000X 0612012015 DO 0~/1B/03

ADITIBI CONSOLIDATED CO CDA8.375X 04/01/2015 DO 03128/0~

ACCELLENT INC SR SUB NT 144AIO.500X 1210112015 DO II/22/0E

ADVANSTAR COMMUNICATIONS IND~0.750X OB/I~/20IO DD II/I510S

AFFINIA GROUP INC $R SUB NT9.000X 11150/2014 DD 051~0105

AHERN RENTALS INC I~4A9,250X 08/15/2013 DO 08118105

AINSHORTH LUMBER7.2~0X 1010112012 ~D 12/~0/0~

ALLIANT TEGH~YSTEMS ~R SOB NTB.500X 05/15/2011 DD 05/1~/01

ALLIANT TECH~YSTEHS CONV SR NT2. TEOX 02115/2024 DO 02/19/04

ALLIED HASTE N A INc SR NT8.500% 12/01/200~ DD 11/27/01

ALLIED WASTE NORTH AHER INC9.250X 09/01/2012 DD 0~/011o~

RUN DATE: 26=JUL-O6PAGE= 30MII02E

MARKET UNREALIZ~O

152~001.30 132.5~IS 1~5,79~,9~ 6,205.~1-

530,410,95 175,1250 79~,81~.75 26~,~07,B0

652,368.7~ 8~7500 $80~557,50 71,831.25-

1~239,917.~7 95.7500 1,196,875,00 45,042.87~

~,4BO~0SO;00 i02,5000 %~S$7,500,00 57~420.00

2,289~750.g0 ~09.0250 2,302,12~*00 12,375.00

856,306.25 79,0000 639~900.00 196~06,2~-

1,600,000.00 10B.2~0O 1,68~,000.00 84,000.00

~44,50D,00 ?O.O000 $40~000.00 4~500.00-

1,75~212,50 10S.0000 I~701,000.00 51m212.50-

1,5~4~765,6~ 107.8750 1~575~406,25 40,640.62

~05,600.01 10~,0000 795x000.00 7,60o.01-

1,88~75.00 108.2500 i~89~,~75,00 10~000.00

Mellon

USN G000100Q~EST PENSION TRUSTTOTAL PENSION

SHARES/

45j000.0000

150,000.0000

I~300j000.0000

1~E75,000.0000

300pO00.O000

It5EOjO00.O000

6~o00.0000

655j000,0000

425~000.0000

l,S00~O00.0000

l~TE0j000.0000

576j000.0000

650~000.0000

QWEST PENSION PLAN .~EIN 84-1339282 PLAN NUMBER: 00b

SCHEDULE H, LINE 41: SCHEDULE OF ASSETS(HELD AT END OF YEAR)

5500 SCHEDULE OF INVESTMENTS AT ENO oF PLAN YEAR31 DEDEMDER 2005

SECURITY DESCRIPTIOH

ALLIED HASTE NORTH AHER INC SR6.SOOX iII1512010 DD 11110/05

ALLIED WASTE NORTH AHER INC SRS.TBOX 0211512011DD 0~/27/04

ALPHA NAT RES LLCSTEP 06/01/20~2 DO 06/01105

ALPHARMA INO $R NT8.62~X 0E/01/201~ OD 05/01/05

ALTO~ MORNS DE MEXICO S A5.5001 1Z/15/2069 bD12/16/96

ALTRA INDL MOTION INC SR SEC~?.O00X 12101/2011 DO11150/04

AMERICA HOVIL S A DE D V SR NT5.750~ 01/1512015 DU 11/05/04

AMERICAN AIRLS7.250X 02105/200? DD 08105/04

AMERICAN HOME PRODS CORP NTSTEP 03/1512011 DO 05/50/01

AMERICAN MEDIA OPERATIONS NT10,2501 05[01/2009 DD 05/01/02

AMERICAN REAL ESTATE I~4A7.1251 02/1B/2011 DD 0210110E

AMERICAN TOWER NT CONV3.000~ 08115/2012 9D 0B/20104

AMERICAN TOWERS INC SR SUN NT7.2E01 12/01/2011 DO 11/15t01

RUN DATH: 26-JUL-06PAGE; 51HII02E

MARKET UNREALIZED

44j100,00 99.0000 4~550.00 450.00

141,000.00 94.87~0 142,$12,E0 I~512.S0

Ij44~43.75 I08,12~0 1,405t625.00 ~7j718.7~-

1,562,875,00 108.6250 lj710~Sq$.75 147~96B.75

1~)000.00 52.5000 157,500.00 25~500,00

1~480~250.00 97.0000 I~E05,500.00 2~,250,00

~G~148,56 100.0750 6E~0~7.45 i~I00.91-

60%600.00 97°0000 615~950.00 6~550.00

464,677.45 108.0140 459m059.79 ~617.66-

|~512~085.3~ 91.~000 1.572~500.00 ~57~65,~-

i~711~875.00 I00.0000 1~7~0,000.00 58,125.00

442~113.21 144.0000 5~1,440.00 99~526,79

~7~800.00 104.0000 &~5~200.00 12~600.~0-

USN GO00100~HEST pENsIO~ TRUSTTOTAL PENBION

SHARES/

$5~000.0000

1~65~000.0000

1~200,000,0000

I~650~00.0000

1,200~000.0000

3~000,000,0000

55~000.0000

355~000.0000

I~425,000.0000

2,100,000,0000

7&0~000.0000

2~800,000.0000

2&~O00.O000

5500 sCHEDULE OF INVESTMENT8 AT END OF PLAN YEAR51 DECEMBER 2002

ECUR S RIPTIO

AHERIPRISE FINL ~NCSR NT5.5501 11/15/2010 DD I1/2~/05

AMERICAS PARTNERS LP SR NT7.250X 0~/20/2015 DD 0E/01/05

AMF BOHL~NO NORLDHIDE INC SR10.000X 03/OI/ZOIO D~ 09/~I/04

AMKOR TECHNOLOGY INC SR SUB NT10.5001 05/01/2009 DD 11/01195

AMKOR TECHNOLOGY INC SR NT9.250X 02/1512008 DO 08/15/01

AMSTEL FDG CORP DISC0210312006

AM~L~N PHARMACEUTICALS ~NC ~R2.ZEOX 06/50/200~ DO 06/2~/03

AMYLIN PHARMACEUTICALS INC~.500X o4113/2011 DD 04/0~/04

ANDRE~ CORP CONV SUB NT$.25oX 0~/15/2013 DD oB/o8/03

AoN CORP SR DEB CVT3.~00X II/I~/~01Z DD 11/07/02

APOGENT TECHNOLOGIES INC SRVAR RT 12/1~/205~ DD 08/05104

AFRIA HEALTHCARE GRP INC CONV~.S7~X 09/01/2053 DD 08/20/03

ARCH WESTN F~N LLC GTD SR MTVAR RT 07/01/2015 nP 07101/04

COST

~54,989.35

1,565,000.00

1~194,000.00

1,51~,000.00

i~I~I,750.00

2,969~200.00

530,879.55

552,175.00

l~499sT07.B&

Z,608~025,95

8E~67~.78

5,009~8~4.60

273,612.~0

ioo.67os

102.0000

99.1250

92.0000

97.0000

98.975~

151,0000

128.0000

100.2500

169,1250

118.2960

96.6250

101.8750

MARKETV_~LLV~

557~380.B~

i,~92,500.00

I,I~9~S00.00

I~E18,000.00

I~164~000.00

2~969,200,00

7~7,050.00

~54~400.00

1,4~B,56Z.5O

~,SBI,625.00

899,04~.60

2~70S,~00.00

269,968.7~

RUN DATE: 2~-JUL-O&PAGE: 32M1102E

UNREALIZED

2,591;55

27,500.00

4,500.00-

~,000.00

0.00

15G~170.~7

122,225.00

71,14~.3~-

945~599.0~

45~175.BZ

504,~44.60~

5,643,75-

Mellon

USN r-000100qWEST pENSION TRUSTTOTAL pENS ION

SHAP~ES /

500j O00.O000

l.~ &SO j 000,0000

1~?-50 j QO0.O000

255, 000.0000

1,100j 000°0000

455,000.0000

460j QQ0,00QO

700,000.0000

420~, 000. 00110

859j 000. 0000

3~000j 000,0000

955a 000.0000

~000,000,0000

QWEST PENSION PLAN ......~~

E[N 84-t339282 PLAN NUMBER: 005SCHEDULE H, LINE 4i: SCHEDULE OF ~,SSETS


55o0 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR}! DECEMBER 200S

SECURIT~,,~ESCRIPTION

ARIES VERMQGENSVERWAL TUNGS GMg.~0~ I01~5/2014 DO 07/1q/04

ARVINMERTOR INS SR NT I~AS.12BX 09/15/2015 DD 09/30/05

ASBURY AUTOMOTIVE GRP INCB,0O0~ 03115/2014 DD,05/15/0~

ASSURANT INC SR NT6,75o~ 02/15/2034 DD 02118/04

ATHENA NEUROS~IENCE$ FIN SR NT7,250X 00/21/2008 DD 02/21/01

ATHEROGEHICS INC NT CONV1.500X 02/01/2012 DD 01/12/05

AVGNDALE MLS INS SR SUB NT10,250X 07/01/2013 DD 06/30/03

BEG FOODS INO SRHTB,000X 1910112011 DB 19/1~/04

BAR BY$ HLBGS INO GTD NT %~qA~.750x 0811512010 BD 07/2~10S

BCF CRYSTAL U 5 HLDGS OORP9.625~ 0611512BI4 DD 1211510~

RANK OF IRELANB ~IS~0210512006

BERRY PLASTICS CDRP SR SUB NT10,750X !0711~/2012 DR 07122/02

BETA FIN ~NCICORP DISC0110512006

RUN DATE; ~G-JUL-06PAGE= ~MII02E

~ARKET UNREALIZED9OS_~T ~ VALU~ G_.~LIN/LOSg

~lBtO00.00 I20,5090 802~500,00 12,509,00-

1~665~B?.S.O0 89.5000 1~76j750.00 I09~I25,00-

1~19B~125.00 95.5009 I~193~750,00 q~7E,O0=

257~07~,80 109.5057 257,333,71 258,~I

996~703.12 ~7.5250 1~07~,87S.00 77,171.80

451~159.60 ?5°0090 ~52~250.09 16,?~9.80-

572~600,00 82,3750 375~92B.00 6~325.00

745~500.00 102,0000 ?1~000.99 31~509.00~

~16;4~4.69 98,2039 ~I2~452+&0 ~942,00~

1,006~&26,25 111.2500 ?09,012,~0 17~&l~.7B-

2~968~539,~9 90.9446 2~9~8~359.59 0,00

1,093,47~.00 107.5000 1,026,62S,00 66,659,00-

5,958,222.22 98.9555 3~958~2Z2.~2 0,09

USN S000100q~EST PENSION TRUSTTOTAL PENSION

SHARES/P~R V~LU.E

1~000~0~0.0000

~9,009,0000

1#550,009,0000

900+000.0000

225) 000.0000

1~500,000.0000

I~190,000.0000

5~000,000+000~

69~000.0000

130,000.0000

I~000,0~0.0000

505~000.0000

6~000~000,0000

5500 SCHEDULE OF INVESTHEHTS AT END OF PLAN YEAR31 DECEHBER 200~

~EGURITY BESC~IPT~ON

BIOVAIL CORB7.875X 0~/01/2010 DO 0~120/02

BLACKROCK INC DES CONV I<AA2+6~SX 0211512055 BD 02/25/05

BLOCK CDHMUNATIONS INS 14~A8.250X 121151201S DD 12122/0B

BLYTH INDUSTRIES7.900X 10/0%/2009 DD 09/29199

BOARDWALK PIPELINES LLC NT5.500Z 02/01/2017 DD 08/01/05

BORDEN US FIN CORP 144AVAR RT 07/15/2010 DD 08/12/0~

BORDEN U s FIN COEP I~A?.000X 07115/201~ DO 08112/0q

BOSTON UNIV MEDIUM TERM NTS7.625X 07115/2007 DD 06/27197

BoYO GAMING coRPG,750X 0~115/R01~ DD 0~115/0~

BUNGE LTB FIN CORP GTD SR NT5,SBOX 0~/15/201~ DD 10/15/0~

BURLINGTON NORTMN SANTE FE NT7.12B~ 12115/2010 DD 12/15/00

C~D TEOH INc SU~ CDNV I~AA5.250X 11/0112025 DD 11/21/o5

CC CUSA] INC DISC01/~0/2006

COST

I~00S,SSB.8~

80,74£.2~

1~37,6~6.00

6S9,500+00

226~867.50

1,511~259.00

I~2~I~012.~0

~,5~6~700.00

055~737+50

151~2S7,3~

1’,i~I~961.67

585~000+00

D,917:7~6.6&

PRz~

195,6250

115.5000

99°0000

76.7030

100,5000

?~), 0000

I20.:Z~&0

99.2500

99.0739

i09.1702

10~.3750

98,6 ~91

MARKET

1,03~250.00

92~00,00

1,5~,500,00

870~327.00

223~5q6,13

I~507~500,00

1,178~I00.00

3~60~,880,00

600~62.50

12B~796.1~

I~091:702,12

5~917~7~&.66

RUN DATE= 26-JUL-96PAGE= 54N~102E

UNREALIZED

52,361.11

11~&53.76

¯ 5~iq8,00=

i0~827.00

5,5BI.57-

~,750.00-

6~912.50-

72+180.00

55,275.90~

50)25~.55-

5~,845,75

0,00

Mellon

UGH 8000100QWEST PENS[DR TRUSTTOTAL PENSIQN

SHARES/

i~ 4S0p 000,0000

1,800~000.0000

55,000.0000

810t000,0000

910~000,0000

2~200p000.0000

915p000.0000

8~0~000.0000

1~675p000,0000

1,700p000.0000

74~000,0000

2~0,000.0000

300~000,0000

QWEST PENSiON PLAN ’)EIN 84.1339282 PLAN NUMBER: 005


5S00 SCHEDULE OF INVEST|4EHTS AT END OF PLAN YEAR31 DECEHBER 2005

SECUR y DESC " 0 ~

CCH I HLOGS LEO / CCH I 144A li21B~000,00 67.2500VAR RT 0111512014 DD 07111105

ccH Z LLD / CCH I CAP I~A Ij726~172,62 84.0000ll.000X 10/01/2015 DD 09128/05

CMS ENERGY CORP SR HT ~7,~37,50 103,00007,500X 01/15/2009 DD 01/25/99

OH3 ENERGY CORP SR NT 917j7&~,~O 108,87508,500~ 0415~/201~ DO 03/29101

OMS ENERGY CORP SR NT CONY 1~034,255.50 116,37502+875X 12101/2024 DD 12/1~104

CSC HLDGS INC SR SUE DEB$ 2,555,$B7.50 106.000010.S0O% 0S/I~/201& DD 05/21/96

CSC HLDGS INC SR NT 985,912,51 99,50007.625X 04/0t/2011 DD 0~/22/01

CV THERAPEUTICS INC 861,161.40 II1,1250Z.250Z 051161201~ DD 07101/05

CADBUEY SCHWEPPES US FIN 144A 1j6~4=280.75 97.1090$,B75X 1010112008 DD 09129105

CADENCE DESIGN SYS INC 1j710,625.00 112.$750ZEROCPN 05/15/2023 DD 04/29/04

cAESARS ENTHT INC 914,172.50 127.4370VAR RT 0~/15/2o24 DD 04/07/04

DAL DIVE INTL INC SR CONY 1~4A 267,700,00 IS4,E0005+250Z 12215/2025 DD O~t$0/01

CALPINE CDA ENERGY FIN ULC 2~6~000.00 ZT.REO0B+5OOX 05101/200~ DD 04/25/01

MARKET

97Sjl~B.00

1~12~000.00

851~887.50

1~059~012.50

2,552,000.09

910,425~00

922,337.50

~+6~6,575,75

1,910~375,00

947,405.65

322,800.00

111~750.00

RUN DATE~ ~6-JUL-06PAGE: ~5Mllo~E

UNREALIZED

242,875.00=

214~17~.6~-

G87.50~

~)~75.00-

R4,759.~0

21#587,~0-

7~,467.51=

61=176,10

7,705.00-

199)7~0.00

35~S~.15

5~.100.00

134,250.00=

USN GO00100QHEST PEHsXoN TRUSTTOTAL PENSION

SHARES/~AR VALU~

3~000,000.0000

38~,101.6500

1~490~000.0000

1~750~000°0000

45o,o00.oo00

I~7EO,O00.0000

I~GO0~O00,0000

895,000.0000

I~750~000.0000

I~50~000,0000

~200~000.0000

1~835,000.0000

705~000+0000

~500 ;CHEDULE OF INVESTMENTS AT END OF PLAN YEAR51 DECEMBER 2005

CALYON N A INC DISC02/1~/2006

CAPITAL AUTO REDS 03-2 DL ASBVAR RT 02115/2007 DD 06111/05

CAPITALSOURDE INC SR,~EB CONY5.500~ 07115/20~4 DD 07/07/04

CARDTRDNICG INS SR SUB NT 144A9.250X 08/15/2013 DD 08112/05

CAROLINA PWR 8 LT CO 15T HTGS,250X 1211~120~ DD 11I~0105

CASE HEN HOLLAND 1NO SR NT9.250X 08/0112011 DD 02101/0~

CELL T~tERAPEUTIC~ IHC SR CONY4.000X 0710112010 DD 06/23105

cELESTICA INC7,87~X 0710112011 DD 0611&/04

CELESTICA IMC SR SUB NT7,025X 07101/2013 DD 05/25/05

CENTENNIAL cELLULAR OPER co1o.75oz 12/15/2005 DD 06115199

CENTERPOINTE ENERGY INC SR NT~,750X 05[15[2025 DO 05/19/03

CEPHALOH INC SU~ NT CONYZEROCPN 0G/IS/2055 DD i~/t~/0~

CERDAYHE ~NG DEL ~R SUB CoNY2,87~X 12115/20~5 DD 121~910E

¯ RUN DATE= 2&-JUL-06PAGE= 36Mll02E

MARKET UNREALIZEDCOST PRICE VALUE

2,~67~&~G.~7 98.9215 2,967,646.67 0.00

$83,752.55 100,0010 5S3~105,~5 &26,61"

1,375,911.04 96.0000 1~650,400.00 S~88.96

1,737~857.50 99.5000 1,7~1,250.00 ~I~,50

~47,19&,00 99.691~ 4~8,612,0~ I~416o02

I~563~I~5.00 107.0000 1,872~500.00 9,~75.00

1,209~066.00 ~6,I250 738~000,00 471~066+00-

957~857.51 I00.7500 ~01~712,~0 58,175.01-

1~745~000+00 9~.6250 1,725,957,50 17~06~,~0-

I~92~250.00 102.0000 1,8~7,000,00 58,250.00=

$,74~412.50 117.5000 5~760~000.00 15~S~7.50

ls7~3,21~.53 115.6250 2,121,718,75 378~04.22

716~2~7.5~ 102.1250 719,981,25 3~753.71

Mellon

UGH ~0O010GQ~EST PENSION TRUGTTOTAL PENSION

SHARES/

1,000~000,0000

505~000,0000

530,000,0000

690,000.0000

8SOjO00.O000

860~000.0000

430~000.0000

470j000.0000

I~500,000.0000

680,000.0000

I~500,000.0000

909~765.0000

699m000.0000

QWEST PENSION PLAN "’"’|"~

EIN 84-1339282 PLAN NUMBER:.005 "

SCHEDULE H, LINE 4h SCHEDULE OF ASSETS


SEeD SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR~I DECEMBEF~ 200S

~TLyGES~ZPTIOH

CHAPARRAL STL CO gEL SR NT1O,OOOX 07/15[2015 bD 0710&/0S

CHARTER CGMMUNS OPER LLC 144A8,000X 04/50/20%2 DO 04127104

CHARTER COMMUN; OPER LLC I~4A8.$7SX 0~/~0/2014 DD 04/27/04

CHESAPEAKE ENERGY CORP SR NT6.625X 0111512016 Dg 07/15/05

CIENA CORP NT CVT~.TBOX 02/01/200S Db 02/09(01

C~NCINNAT% ~ELL INO NEW 8R NT7.25ox o7115/201~ DD 01/ZS/04

CZNEHARK ~NC SR NTSTEP o3/15/z014 gO o$/31/0~

CINEMARK USA INC SR SUB NT?.0001 02/011201] DD 02111/05

CIN~ULAR WIRELESS LLc SR NT6.500X 12/15/2011 DD 06/15/02

CITIZENS COHMUNIOATIONS CO SR6,250~ 01/1512013 DO,It/12/04

CLEAN HBRS INC SR SECD NT11.250X 07/1512012 DD 07/15105

COHO ENERGY INC SR SUB NT15.0001 03/S1.~2007 DD 0~/31/00

COLUMBUS MCKINNGN CORP N Y SRIO.O00X 08/01/2010 DD 07122103

RUN DATE: 26-JUL-O&PAGE: 37MIIOZE

MARKET UNREALIZED

1,03~s000.00 I07.7500 1,077,500.00 62t500.00

6Zgb200o01 99,5000 601j97~.00 27~22s’01=

559,150.00 99.5000 ~27,~0.00 ~I~B00.00~

&&S~g76.10 I01.2S00 698~02~.00 15~048.90

681~062,50 91.7500 779~875.00 98,8~2.50

88~x6~0.01 I04.0000 094~400.0G i0~7~9.99

52E~42S.00 74.0000 318~200.00 8,225.00-

5SG,387.E~ 105.7500 4979025.00 59,$62.54~

1,667,559.57 106.6497 1,602,74~.97 64,843,60-

663~200.00 96.7500 657~900.00 5=~00~00-

1,66~,000,00 112.5000 1~687,500.00 22~S00.00

19,995.30 2.0000 19,995.30. 0.00

75%B~7-$~ 110.62~0 77~268.7~ lSw451.~7

i

USN G000100qWEST PENSION TRUSTTOTAL PENSION

SHARES/P~

~70~000.0000

1~I00,000.0000

2,47K~000.0000

810,000.0000

495,000.0000

310,000.0000

I10,000.0000

355s000.0000

1,5I~000.0000

1,400~000.0000

6~000.0000

1,065,000.0000

95x000,0000

5500 SCHEDULE OF INVEsTHENTS AT END OF PLAN YEAR¯ 1 DECEMBER 2005

S~COR~TY DESCRLp.T~ COS]" PRICE.

COLUMBUS MCKINNON OORP 144A ~7~700.00 104o0000

8,&TgX 15/01/2015 DD 09/02(0~

CoLUMBU~ $OUTHN PWR CO F 1~087~614.00 100.0970

E.850X 10/01/2055 DD 10/14/0~

COHCAST CABLE COHMUNS ~NC NT 2,768~771.11 106.096E

6.7SOX 011~0/2011 DD Ol/l&/Ol

COHCAST CABLE COMH INC SR NT ~o,429.50 I09,0019

7,125~ 06/1~/2015 DD 06/04/01

COHCAST CORP MEN NT 565)$69.~? 108.0063

7.050X 0~/151~035 DD 0]/14t0~

COHCAST OORP NEH NT 309~283,90 91.4515

5.GSOX 06/1E/2055 DD 06109105

COHCAGT CO~P MEN NT lO9,991o2o i01.2689

S.~0X 1111~12015 DD 11/14/05

COMMERCE GROUP INC MASS SR NT 364~570,07 101.3245

5,950X 12/09/201S DD 12/09/05

CoHM~COPE INC SR SUB DES CONV 1~509,4~4.29 103,12S0

1.000X 0]/1512024 DD 05124/04

COMPUTER NETWORK TECH CORP CVT 1,277,~00.00 96.1250

5.000X 02/1S/2007 DD 02120/02

CONAGRA INO SENIOR NTS 7~074.75 109.5576

7.I25Z 10101/2026 DD 10/0S/96

DONSECO ING DES CONV I~4A 1~11~4S2.25 106.12~0

3,500X 09/50120S~ DD 08115/05

CONSTELLATION ENERGY GROUP INC i14~691.01 . 120.0579

7o600X 04/01/2032 DD 03/26/o~

MARKETV~

~86~800.00

1,101,007.7&

2,62S~890~8

&82,915,45

554~651,4~

283,4~7.92

111,59S.90

~9,702,06

1~662,~4~.75

I~545,750.00

71x212,50

I~ISO~231.2S

114s0S~.04

RUN DATE: 26-JUL-06PAGE: 5~MI102E

UNREALIZED

11~100,00

1~,453,76

142~886.7~=

2,~85,95

30~958.07~

25,84S,08-

1,404.70

52,889,40

68~250+00

0,862,25=

14~779.00

85S,97-

i

Mellon

UGH GOOO1QOQ~EST PENSION TRUSTTOTAL PENSION

SHARES/

lj675~000.000Q

129,549.2S40

6~4~754.8970

608~q99,8~I0

8~0~000.0000

I~68~000o0000

5~0j000.0000

690j000,0000

2~0~0~000.0000

1,210,000,0000

4,000j000.0000

650,000,0000

i±5~5p009.0000

QWEST PENSION PLAN ....... )EIN 84-1339282 PLAN NUMBER: 005



CONTINENTAL AIRLS INC CVT NT 1,449,725.00 95,2508

4.500X 0~101/2007 DO 01/2310~

COHTINETAL AIRLS 97-4 CL 45 114~651.09 86.7620

6.900M 07/02/201~ D~ 10/2~/97

CONTINENTAL AIRLS PA~STHRU 560,9S4.54 91.1640

8.499X 05/0112011 DD OS/tE/OO

CONTINENTAL AIRLS 05-ERJ1 607,729.07 lO0.SO00

9,798X 04/01/2021 DD 09t22/05

CORRECTIONS CORP AMEN NEW SR 840,000.00 97.0000

6.250X 05/151201] DO 0~123/05

COTT BEVERAGES INC GTD SR gOB 1j255>160.00 102.5000

B.O00~ 12/15/2011 OD 12/21/01

C0UNTRYHIDE FINL CDRP SUB NT 329p679,90 99.9840

VAN RT 04101/2011 DO 09130105

CREDIT SUISSE O5-CE CL A4 68o,288.94 " 99.5406

VAN RT OB/ISfR03S DD 11101/05

CRYSTAL US HLDSS 5 LLC lj405,000.00 72.7500

VAN RT I01011201~ DD 04101/05

CUBIST PHARMACEUTICALS CVT 1,144j962oS0 97.0000

5.500M ll/OI/~OOO DO 10126101

CURZON FOG LLC DISC 3~9~2~483.33 98.5620

0512112006

CYPRESS SEMICONDUCTOR CORP 697,555.77 113.2500

1,250X O&/1S/2008 DD 0610~/05

cYTYC CORP NT CONY 1~585,487.50 110.2~00

2.250X OS/15/2026 DD 0~122/0~

MARKETVALUE

I~5&I~937.50

I12~399,52

~33~348.12

611,~42.$S

851,600.00

1~197~200,00

527~947.20

686~850,23

I~455~000,00

1~173~700,00

5.942~83.SS

715,~75.00

1,703~&2.~0

RUN DATE: 26-JUL=06PAGE: $9M~IOBE

UNREALIZEDG~IN/LOSS

112~212o50

2,251,57~

72~65.56

3~815o26

8,400,00-

~7~960.00-

267.30

6~41.29

50,000.00

28~737.~0

O.O0

117,575,00

.

USW G00Ol@O~WEST PENSION TRUSTTOTAL PENSION

~HARESIPAR VALUE

45~000.0000

51000)000.0000

61~000,0o0o

I~24~)000~0000

2~000,000.0000

710,000.0000

5~0)000.0000

I~0,000,0000

2~000~000,0000

95~000+0000

2~00~000.0000

40~000+0000

425~000.0000

S~00 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR$1 DECEHBER 20OS

~CURITY DESCR~PTION

DTE ENERGY CO SR NT5.65OX 08/16/Z007 DD 08111/05

DAIMLER CHRYSLER HLDG CORP NT7.ZEOX 01/15/Z006 DD 01/18/01

DAVITA INC SR NT6.62SX 0511512013 DD 03/22105

OAVITA INC SR SUB NT7.250X 0311512015 DD 0~/2~/05

DEERE & CO GLOBAL NT&,gEOX 04/2~120I~ DD 0411710~

DEL MONTE CORP MERGED SOB6,750X O~/1E/201S DD 08115/05

DELTA PETE CORP SR NT7.O00X 0~1011201~ DD 03115/05

DETROIT EDISON SR NT SEE ES.7OOX 10/0112057 DD 10/06/0S

DEUTSCHE TELEKOM INTL FIN BVSTEP 06t15/2O10 DD 07/06/00

~EUTSCHE TELEKOH INTL FIN BVVAN RT 06/15/2050 DD 0710~/00

DEVON ENERGY CORP~.90OX 08t1~/~008 DD 05/05/98

DEVON FING CoRP ULC DEB7.875X 09/~0/2031 DD 10/03/01

OEX MEDIA EAST LLS/DEX HEDIA9.875X II/1~12oo9 DD II/08/02

462~$80,10

$,121~885.2~

617,B9S.7~

1~22~,000.00

2~$56~7~.00

709~400o0e

511,450.00

12a)810.5o

~)$8~421.94

125)447.97

Z~729~69~,~0

50,904.80

463~968.75

100.7500

100,0780

101.7500

101.2500

112.4802

97.B000

92.2500

97.94~0

III.4188

127.094~

Ii~,1250

127,034~

I0~.12~0

MARKETv_~

458,412.50

3~02,~40.00

625~762.Eo

1,260)~62.50

Z,249,60~.&O

~92,250.00

q~8,925.00

127,$26,00

2,228~377.08

120~759.~9

2,763,000.00

50,813.81

459,531,25

RUN DATEr 26-JUL~06PAGE: ~0MI102E

UNREALIZED~AIN/j=q~S

~,967.60-

119,5~3.2S-

8,068.75

35,S62.~0

17,150,00-

22,525.00~

I~4S4,EO-

1~, 044o66-

4,710.58-

3~;,$04.80

90.99-

24~57.50-

t

Mellon

USW 6000100qHEST PENSION TRUSTTOTAL PENSION

SHARES/

490,000.0000

340~000.0000

$65,000.0000

4j255,000.0000

750j000,0000

1,370j000.0000

837,000.0000

175,000.0000

8312000.0000

495j000.0000

865,000.0000

652,000°0000

2,000j000°0000

QWEST PENSION PLAN ........ °)~"

EIN 84-1339282 PLAN NUMBER: 005SCHEDULE H, LINE 4h SCHEDULE OF ASSETS


5500 SCHEDULff OF TNVESTHENTS AT END 0F PLAN YEAR31 OECEH~ER 2005

s~cURITV DESCRIPTOI~j~

DEX MEDIA WEST LLC8,500X 08/15/2010 DD 02/15/04

DIGITAL RIV INO SR NT COHV1,Z50X 01/01/2624 DD 06101/04

DIRECTV HLDOS LLS / DIRECTV,6.$75X 06115/2015 DD 06/15[05

DISNEY HALT CO SR HT CVT2,125X 04/15/2023DD 0~/14/03

DOANE PET CARE C0 SR NTS10.750Z 03/01/2010 DD02/2B/03

DOLE FOOD IMO SR HT7,250X 06/15/2010 DD05129/05

DOLE FOOD INS SR NT8,875X 0511572011 DD 0~/26/05

DOMINION RE$INC VA NEW SR NT5.150X 07/15/2015 DD 07/14/05

DOMINOS INS SR SUB NT8.ZSOX 07/01/2011 DD 01/01/04

DOMTAR INS NT7.125X 08/15/2015 DD OB/O~/05

D~ESSER INS SR NT9.37~X 06/1S/2011DD 10/15/01

DRESSER RAND SRP INC SR 14~ASTEP 11/0112014 DD 10/29/04

DUKE ENERGY CORP SR NT6,25OX 0111E/ZOI2 DD 01114/02

RUN DATEr 26-JUL-06PAGE: ~IMlloZE

MARKET UNREALIZED

545x125.00 104,7~00 515j275.00 ~1,650.00~

~I~216.I~ 95.2500 325,850.00 I0,651.84

657,102.55 97.7500 845j537,59 II,565.05-

4~477j~59.61 I00.0000 ~,25~j000.00 222~57.61-

802~500.00 108.7500 ~15,62S.00 13,125.00

1,~9~p925.00 97.0000 I~326~Y00.00 70,025.00-

899,775.00 102o5000 657,$2S.00 41,850.00~

174,795.55 97.1435 170,000.76 4,794.77=

907,667.50 104.5000 8&Bj595.00 ~9,~72.50-

~95,214.65 6S.2500 4~1~967.50 75,227.35-

947,17S,00 105.2500 910,412,50 $6,762.50~

665,040.00 105.0000 671~560.00 6~520.00

2,177~155.28 I05,~566 2,108~752.~6 70~402.82-

7."

T

USW GO00100qWEST PENSION TRUSTTOTAL PKNS~ON

SHARES/

2,000,000.0000

I,~18~000.0000

840~000.0000

1~700,000.0000

250,000.0000

750~000.0000

500~000.0000

3,400,000,0000

0~5~000.0000

2,620,000.0000

250~000.0000

I:000,000.0000

3,000~000.0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR51 DECEMBER 200S

SECURITY DESCRIPTION ~ PRICE

DURA OPER CORP SR SUB N~ 1,404,125.00 56.5000

9.O00X 05/01/2009 DD 05/01/01

DURECT OO~P NT CQNV 1,664,350.94 16~.5580

&,2SOE 06/15/200~ DO 0~/16/03

DYNEGY HLDSS IN~ END 144A 958,700.00 109.02509.675X 07/15/2010 DD 08/11/05

~O CORP SR NT CONV 1,600,960.00 104.0000

4.500X 04/01/~007 DO 10/0I/0R

ERP OPER L P 305,022.50 116.&4107.570x 08/1~/2026 DD 08/13/96

E TRADE FINL CORP SR NT l~4A 751,840.91 101.25007.575~ 09/15/2015 DD 09/19105

E TRADE F~NL CORP 5R NT 500,000.00 105.25007.875X 12/01/2015 DD 11/22/05

EASTMAN KDDAC CO SR NT CUT 5,689,074.00 95.5000

$.575X 10/15/205S DD 10/10/o3

ECHOSTAR DBS COEP NT 645,~57.50 98.0000

E.7SO~ 10/0112008 DO 04/01/04

ECHOSTAR DBS CORP 5~ NT 2~561,500,00 95.~750

6.625X 10/01/2014 DD 04/01/05

EDGEN AOQUISITION CORP SR SECD 2~,675.00 97.0000

9,675X 02/01/2011 OD 02101/05

EDSEN CORP sR SECD NT 144A 967,510.00 96.00009.575X 02/01/2011 DD 08/01/05

EDISON ASSET SEC DISC 2~769~665.00 98,9895

02/08/2006

MARKET¯ VALU~

I,I~0~000.o0

2,168,874.44

920~$50.00

1,768,000.00

291,~02.50

759,~7S.00

516~2~0.00

3~247~000,00

818,~00.00

2,511~925.00

242,500+00

960~000.00

2, g69~685.00

RUN DATE: 26-JUL-06PAGE: 42Mll02E

UNREALIZED

274~125.00-

48~,523.50

17,850.00-

$2,960.00-

15~420.00-

7,534.09

16,250.00

442,574.00-

27,137.50-

49,575.00-

5~62~.00

~7.510.00-

0.00

Mellon

US~ G000100q~EST PENSION TRUSTTOTAL PENSION

SHARES/

Is500~000.0000

345~000o0000

4x825x000.0000

Ij810,000.0000

G7o, oo0.oo00

IgOmO00,O000

ImOOO, oog.go00

~50~000o0000

275~000+0000

90~ 000,0000

450p 000. 0000

Xz~0j 000.0000

?GE, 000.00o0



5500 SCHEDULE OF INVESTHENTS AT EN0 oF PLAN YEAR~ DEcEMEER 2oo~

SECURiTy D~CR%pT~oN

EL PoLLo Loco INC sR NT 144AII,75oX iII1512oI~ ~D %11181o5

ELECTRICIDAO DE CARACAS I~A~0.2501 10/15/2014 00 10/28/04

ELECTRONIC DATA SYS CORP CONV~.5751 0711E1~025 OD 06130/05

EHHI$ COMMUNICATIONS CORP SRUAR RT 06/15/2012 DD 06/21/05

EHHIS OPER ¢0 GR SU~ NT6.5751 05/15/Z012 OD 05/10104

EqUIGTAR CHEHICAL GR NT10.I25X 09/01/2008 DD 08/24/01

EqUIGTAR CHEHICALS LPi0,625~ 05/01/2011 DO 11/01105

EURONET HORLDWXDE INO GR ORBI.G25X 12/1S/2024 DD 12/15/04

EURONET WORLDWIDE IN0 SR DES1.6251 1Z/IS/2024 DD12/15/0~

ExELON CORP ~R HT6,7501 05/0112011 DD 05/08/01

FTI CONSULTING INC SR SUB I~SA5.7501 07/15/2012 DD08/02/05

FAIR ISAAC CORP CR NT CONV B1.500% 08/13/2025 DDo2/13/05

FEDERATED DEPT STORES INC GEL8.900~ 0~/Ql/2029 DD 03124199

COST

I~4BS,502,95

361j387.~0

4~&l~m216.12

1,810,000.00

G90~$75,00

206~56,2E

I~108~500.00

907~75.00

297~200.00

96,110.10

4E1~681.25

1,~80,011,25

1~065,650.65

T.EL~99.6250

106,5009

99.7500

100.3750

99,3750

108.5000

II0,0000

I02,1250

102,1250

106.3928

110.8730

i10,8750

108.7762

MARKETVALU~

I~494,~75,00

387m~25,00

4~B12~937.50

I~S16~787.50

665~812.50

206,150.00

I,I00,000.00

6~8~002,50

280~8~3,75

95s953.57

49~957.50

1~52,250.00

1~049~&TI.SE

RU~ DATE: 2~-JUL-06PAGE: 45HllO2E

UNREALIZED

8~872.07

~,037.50

6~787.50

24~762.EO-

30~.25-

8~500.00~

$9~$12.50-

1G,35G,25-

176°E~-

~1~256.25

72,2~8.75

16~979.I0=

USH G000100qHEsT PENSION TRUSTTOTAL PENSION

SHARES/SECURITY DESCRIPTION

~,910~000.0000 FISHER SCIENTIFIC SR SUB NT3.250X 05/01/2024 DO 05/05/0~

1,405~000.0000 FLEXTRONICS INTL LTD SUB NT1.000X 08/0112010 DD 08105/03

2,000,000.0000 FORD HTR CR CO GBL LANDMARK7,8751 061%5/2010 bD 06114/00

3,600,000,0000 FOUR SEASON~ HOTELS INC CONV1.8751 07/~0/202~ OD 06118/04

2~00O~O00.0000 FRANCE TELECOM SA NTSTEP o3/01/2011 DD 09/01/01

I~250~000.0000 FREEPORT HCNORAN C & G0.8751 02/01/201~ DD 02/0~10~

90,000.0000 GE GLOBAL INS HLDC CORP7.000X 02/13/2026 DD 02126196

480~000.0000 GSC HLDGS CoRP/GAHESTOP 144AS.000X I0101/2012 OD 09/28/0~

440~000.0000 GATEWAY INO DR HT CONV1.5001 12/31/2009 DD 1~/21/0~

355~000,0000 GENERAL MTRS ACCEP CORP CL BD7.2501 05/02/2011 DD 03/02/01

ii0,000,0000 GENERAL HTRS ACCEP CORP NT6,125% 09/i~/2006 DD 09112101

2,050~000.0000 GENERAL MTRS ACCEP CORP NT6.8751 09115/2011 DD 09/12/01

~5~000,0000 CENERAL HTR$ ACCEP CORP ~R NT5,6251 05/15/2009 DO 05125104

5500 SCHEDULE OF INVESTMENTS AT EN~ OF PLAN YEAR~1 DECE~IDER 2005

COS~

5,071,077.28

1,2~5,278.8~

2~200,720,98

3,959,675.00

2~5~5~07K.60

1~220~833,33

96,6~5.15

~73~702.40

S12~400,00

533~275.00

105,757,50

1aB81~500,00

~15,521.25

99,3750

91,1250

?0°2300

97.0000

111.6462

101.0000

I12,3082

94.0000

72.1250

01,9060

97.1q00

91olB70

88.9~80

MARKETv.~

4~879,$12,50

1,280,30&,25

1~05,000,00

5~92,000.00

2,252,925.10

1,262,~00.00

I01,077.39

451,200.00

~17,3E0+00

3~6~2G6,30

IOG,85~.00

l±BG?,33~.EO

Q0~80Q.Q0

RUN DATE: 26-JUL-06PACE: 4~HllO2E

UNREALtZED

191,76~.78=

6,972.55-

395~720,98~

4&7,673.00-

I52,151.50-

~I,066.07

2,392,26

22,502,40~

4~950,00

7~008.70~

1,116.50

12,166.50~

II~016,B5-

UgH g000IOOqWEST PENSION TRUSTTOTAL pENSION

SHARES/

q0~,000.0000

5,470~000,0000

900j000.0000

I~OBO,O00.O000

B70,000.0000

1~000~000.0000

1,07S~000.0000

1,770j000.0000

200,000.0000

520p000.0000

25~000.0000

ZZOjO00.0000

Ij41OjOOL0000

QWEST PENSION PLAN .......~:}~

EIN 84.1339282 PLAN NUMBER: 005SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


5S00 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31DECEHBER 2005

~T~

GENERAL MTRS ACCEP CO~P GBL NT6.7501 12/0112014 b0 11124/04

GENZYNE’ CORP SR HT COHV1.2507, 12101/2025 DD iB/0910~

GOODYEAR TIRE & RUBR CO SRsTEP 0310112011 DD 09101105

GOODYEAR TIRE& RUBR GO 144A9,000~ 0710112015 DD 0612~I05

gRAPHIC PACKAGING INTL INS SR8.EOOX 08111~/2011 DD 08108105

GREENBRIER COS INO SR NT 144A8.375X 051151261B DD III15105

HCA INP- NT6.9501 0SI0112012 DD 0412610~

HCA INC NTS6.3001 1010112012 DO 0912"(I02

HRPT PPTYS TR SR NT6.250X 0811S/~016 DO 0810EI0~

HRPT PROPERTIES TRUST CORP BO5°750F. 1110112015 DO 10151/0S

HANOVER COMPRESSDR CO SR CONV4.7501 011151201~ DO 1211S103

HEALTH~OUTH CORP SR NT7,625Y, O&lOllB012 I]O 05122/02

HEALTH MGMT AEgOC INC CONV1.500~ 0810112023 90 07/29/0S

~UN DATE: 26-JULy06PAGEt 45HI102~

MARKET UNREALIZED

c~ PRIC~ v_~ G_~

~90jO00°OO 89.9680 359~872,00 SO.12G.OO-

5j851,505.71 112.8750 &tlTq~B&~.50 322~75&,79

l~OlBjlBB,O0 112,0000 1,008~000.00 IOjI2B+O0-

996,250.00 98.5000 985~000,00 II~BEO.OO-

9EOj475,01 100.2500 872~175.00 78,$00.01-

l,O00jO00.O0 101.5000 im015,000,00 15,000°00

I,I15~807,00 103.71B0 l,ll~j~&8.50 8~8,50~

I~768j336.20 i00.5000 i,77~850.00 I0~513,~0

212j014.gB 104.4169 208~B35.82 3~181.16-

319~036.80 99.&99~ 319~0~5.89 2.09

281~77~.00 114.0000 290,700.00 8,9~5.00

2~1~I00.00 101.5000 225~500.00 2,200.00

1~B26~278.2~ 100.1250 I~11~762,50 iI~515~7~-

UgH GO00100qWE~T PENSION TRUSTTOTAL PENSION

SHARESI

3~720,000.0000

3q~,O00.O00O

S~0~000.0000

5~000~000.0000

900,000.0000

7S0~000.0o00

28B~915.0000

B~0~000.0000

22~000.0000

B70,~O0.O000

B~000.O000

~OOO~O00.O000

i~I00~000.0000

5500 SCHEDULE OF INVESTHENT$ AT END OF PLAN YEAR31 DECEMBER gO0B

SEG~RITY DESCRI~.T..LQJ~ ~

HERCULE~ INC UNIT I DEB & I WT 2,994:794oZ& 75.0000

G.5001 0613012029 DD 07127199

HERITAGE PPTY INVT TR INO NT 341+008.34 96.6870

4.500X i0/1512009 DD 10115104

H~RTZ CORP SR NT I~4A $B0,000.00 IOX,BT~O8.~7~X 0110112014 DO 12/21/0B

HEHLETT PACKARD CO gU~ LIQUID 2~01~812.S0 58.~750

0,0001 1011~/2017 DO I0/1~107

HEXCEL CORP NE~ SR SUB NT 86&~500.00 96+5000

~,7501 021011201~ DD 02101105

MILTON HOTELg CORP SR CONV NT 922,697.90 117.62S0

$.575X 04/15/2023 DD 0~122/05

HOMELAND STORES ESCRON 0;00 O,O000

12o250X 0310111999 DD 02124/9~

HOUGHTON MIFFLIN CO BR NT 937~200.01 103.2500

8.2501 02/011Z011 DD 0B101103

HUTCHISON TECHNOLO@Y INC CVT ~$9+152.&0 107.7500

~.2SOX 0~11S/2010 DD 02126/03

IBP INC NT 309,966.87 lOB.725Z

7o950% 0BI01/2010 DD 01151/00

IkSIS HEALTHCARE LLC 914,387.93 105o0000

8.TB01 0~11512014 DD 06/2G10~

IESY REPOSITORY 2,000~000.00 104.0000

10.3751 02115/Z015 DO 07119/05

INSIGHT HEALTH SR SUB NT iq6A 1,082,125.00 95.7S00

VAR RT 11/0112011 DO 09122105

MARKET¯ VALU~

2,790~000.00

335,570.IS

Sgo,~75,0o

2~943~750.00

B68~500.00

BB2~187.50

0,00

908,600,00

242,~7.50

29~,55~.07

887~250.00

2~0~0,000.00

i~064~250.00

RUN DATE: 2~-JUL-06PAgEI ~6MIIOBE

UNREALIZED._~T~

7~638.19-

10~67B.00

28~937.50

o.o~

60,510,~0-

0.00

28,600.01~

5,284,90

1&~06,80-

27,137.93~

80~000.00

17~875.00-

Mellon

USW GOO0100qWEST PENSION TRUSTTOTAL PENSION

SHARES/

Ij250~000.0000

Ip250,000.00oo

ImEOOjOOO,OOOO

1,045~000.0000

2,130j000,0000

1,0O0,000.0000

2,07~t000.0000

720,000,0000

500x000.0000

3,000;000.0000

3~0j000°0000

lj800~000.0000

615~000°0000

QWEST PENSION PLAN ")%

ElM 84-1339282 PLAN NUMBER: 005

SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


5500 SCHEDULE OF INVESTHE~TS AT END OF PLAN YEAR$1 DECEHBER 2005

SECURITY DESC~ILPTION

INSIGHT COMM INC SR DIsc NTVAR RT 02/15/2o11 DO 08/151oI

INSIGHT MIDWEST LP 5R NT9,750X i0101/200g DD 04101/00

IN$1GHT MIDWEST LPIINSI~HT cAP10.500X 11/01/2010 DB 05/01101

tNTEGRA LIFEGCIENCE HLDGS CoRP2,5o0X 05/15/2oo8 DD 05131/05

INTEL CP JR SUB DES CONV 144A2,950~ 1S/151~03B DD 12116105

ZNTELSAT LTD $R NT7.625X 04/15/2011 DD 04115/02

INTELSAT LTD SR NT~.250X II/0112008 DD 11107/03

INTELSAT LTG SR NT 144ASTEP 0111512013 DD 01/28/05

INTERACTIVE HEALTH LLC 144A7.Z50X 04/01/2011 DD 03126/0~

INTERNATIONAL GAME TEOH CONV0.000X 01/291~056 DD 06116103

INTE<NATIONAL STL sRP INC SR6.500X 0611512014 BD 0~/1~/04

INTEREPUBLIC GROUP COS NTS7.250X 08115/2011 gB 02/15/0R

INTERPUBLIC GROUP COS ING SR~,500X 03/I5/Z0~3 DO 06t1~/0~

RUN DATE: 2G~JUL-06PAGEt ~7Mll02E

MARKET UNREALIZEDCO~T PRICE VALU~ GAIN/..~,.q_G.~

12~71~B75.00 104.5000 I~06.250.00 ~4,375.00

I~299,000,00 103.0000 1,287~500.00 11,500.00-

1,605~000.00 105.1250 1,57&1~75,00 28,125,O0-

Iml~gjE00*00 I12,~Z50 Ij171j70G.2S 2~,~0&°~5

2~1~,00&.25 97,6~50 2~079~412.50 ~,596.75-

870~9~7.50 80,7500 807,500,00 63,467,~0-

1=900~812,50 91.0000 1,888,250,00 12,562,50-

726=2~5.75 101.0000 727,B00.00 3,95~,25

~25~000,00 ~1.0000 405,000.00 20,000.00-

1,947,342.~1 66.6250 i~998~750.00 51,407.69

~53~925,01 I00.0000 350,000,00 R]~925,01~

1,836~750o00 94.0000 1~692~000o00 144,750.00-

6~7,987,61 10~,1250 6~0~368.75 2,3~I.I~

--4

USH 6000100qWEST PENSION TRUSTTOTAL PENSION

SHARES/

l~ZO0~O00oO000

95S~000.0000

750~000.0000

I~42o~000,0000

1~0j000o0000

~5~000.000o

795~000,0000

~30,000,0000

52~000.0000

I±250~000.0000

1~75~000,0000

I±850,000.0000

350~000,0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR51 DECEMBER Z005

CPTIb

INTERPUBLIC BROUP Co~ INC NT6.250X ll/IS/201q DD I1118104

INTRANEST CORP SR NT7,500X 10/1512013 DD 10/097o~

INVENSYS PLO SR NT 14~A9.875X 03/15/201X DO 03/o510~

INVITRoGEN CoRP s~ NT OONV~,000~ 0810112023 DD 08/01/.0~

IRON HTN INC PA ~R SUB NT8,625X 0~/01/2015 DO 0~/0~/0~

IRoN MTN INC PA SR SUB MT7.750X 01/15/~015 DD 12/~0/02

IRON HTN INC PA SR SU~ NT6,625X 0110112016 DD 06/20/03

JEFEERSON SMURFIT CORP US SR8,250X I0/01/Z01Z DD 09/26/02

.JEFFERSON SMURFIT CORP US SR7,500X 06/01/~01~ DD 05/2~/03

JosTENS HLDG CORP SR Disc NTVAN RT 12/01/201~ DD 12/02/03

JOSTENS IH CORP SR SUB NT7,625x 10/01/2012.DD 10/04/0~

KABEL DEUTSCHLAND GMBH 5R IqCAI0,625X 07/01/201~ DO 07/02f0~

KAZKOMMERTS INTL B V GTD I~A$.50ox 04/I~/2o15 DD 04/16/03

COST

1,118~0o0.oo

lmOlE~56B.75

727,500°00

1,5Z?~472.6B

170x000.01

45)&75.00

758~400o00

468~700.01

~6,g~7.EO

858~125.00

I~2~0,651.2&

2~052~750.00

~65,750,01

PR~c~

~.oooo

lOl,22oo

99.0000

108,5000

io4,25oo

100,7500

95.2500

g6.O000

9~,0000

7~.0000

100,50o0

105,2500

10~,9~70

MARKETVALU~

1,052~000,00

966,957,50

742,B00.00

1,5~0,709,0o

I&~oo.oo

45,557.5o

741,537.50

~12,500.00

299~000.00

92~000,00

I~281~$75.00

1~947~125.00

381,279.80

RUN DATE: 26-JUL-O6PAGEt q~Mll0ZE

UNREALIZED

~6,000.00-

15,000o00

11~227.35

5±200,01~

537.50-

17~062,50-

55~900.01-

47~967.50-

66,875,00

~q$.74

I05~625°00-

15~529,G9

eIion

USW G00@10OQWEST PENSION TRUSTTOTAL pEnSION

SHARES/PAR VALU~

$~@~HO.Oa@0

I~14~000,0000

125~000.0000

1,0001000.0000

655~000°0000

705,000.0000

1jZ0Pj0O0,O000

195~000.0000

L,2603000,0000

1jS0Oj000.0000

l~090j000,0000

355,000.0000

185,000.0000

........ %)

QWEST PENSION PLAN ’ ~’~’}"~’EIN 84-1339282 PLAN NUMBER: 00b


5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR51 DECEMBER 200~

KAZKOMMERTS INTL B V 14~A7,875X 04/07/Z014 DD 04/07/04

KB HOME IR SUB NT9.500X 02/1~12011 DD 02/08/01

KAZKOMMERTS INTL 144A #TR00001B.000X 11/03/2:015 DD II/05/05

KELLOGG co NT SER B&.60aX 0410112011 DD o~129101

KINDER MORGAN FIN CORP lq4A5.700X 0110512016 DD I2/09/05

KINETIC CONCEPTS %NO SR BUS NT7.575X 05/15/2013 DO 11/15103

KNOWLEDGE LEARNING CORP 144A7+75bX 02101/2o15 Dn 02/0~/0~,

KRAFT FOODS ING GLOBAL NT-�.6zSX III01/2011 DD Iii02/01

KULICKE ~ $OFFA INDS IND CONV0.500X 11/$Qt200’~ DD 11/26/03

LBI MEDIA INC SR SUB MT10.125X 0711512012 DD 01115/03

lsI LOGIC CORP SUB CONY NT4.000X 0511512010 DD 05/16/03

L3 COMMUM$ CORP SR SUB NT6,125~, 07/1512013 DD 07/15/05

L $ COMMUNICATIONS CORP 144A6,375~ i0/15/;~-015 DD 07/Z9105

RUN DATE: 26-JUL-0~PAGE: 49Mll0B~

MARKET UNREALIZEDPRICE VALUE . @AINILOS~

~$0~000,00 -I05,0000 3~6,500.00 16±500,00

I~519~095,00 i05,1680 1,487~353.$2 ~I~736,~B~

122,000.60 105.8120 132~2&5,00 9~365.00

1~096,$35,B0 I06,8&13 l~0683613.74 27:922.06-

&54~364,G5 I01.1358 6623~59.76 ~075.11

7~1~400.00 102,0000 719,100.00 ~2~300.00-

1~0~5~500,00 93,0000 1~0~5,000.00 500.00=

203#739.90 102,312~ 1903509*99 4,229.91-

030~B88,00 77.8750 981,225.00 50,$37.00

1~595,123~00 106.1250 1,E91~375.00 1~250o00-

1~115,237.93 95.8750 11045,037.50 903200.~5-

566,357.50 99,2500 ~52~337.50 14~200.00-

169,~25,00 99,7500 I:B4~537.50 5,037,50-

1

T~_

m

1

UBN GO00100QNEST PENSIO~ TRUSTTOTAL PE~SION

SHARES/

I~030~000.0000

ZB~B0~000.0000

1~080~000.0000

1,400~000,0000

95~000.0000

515~000.0000

~30,000,0000

I~700~000.0000

1,400>000,0000

750~000o0000

~7~0~000.0000

~6~000,0000

~3000,000,0000

5500 SCHEDULE OF INVESTMENT~ AT END OF PLAN YEAR~I DECEMBER 2ooS

~EcURITV DESCRIPTION

L 3COHMUNICATION~ CONV I~A3,000X 08/011201~ DD 07/29/05

LABORATORY CORP AMERZEROCPN09/ll/2021 DD 01/15/02

LAHAR ADVERTISING CO NT CONV2.575X 12/31/2010 DD 0~/16/03

LANDRYS REsTAURANT~ ING SR MT7.~00~ 12/151201~ DD 12/28104

LEAR CORP SR NT 3ER B~.IIOX 05/i~/2009 DD 11/I5/g9

LEAR CORP IR NT5.TEOX 0810112014 DD 02101/0S

LEVEL 3 COMMN$ INO ~R NTS9,12SX 051011200~ DD 04/28/98

LEVEL 5 COMH INC SUB DEB CONV&,000X 09/IS/2009 DD O9120/99

LEVI sTRAUSS & CO NEW S~ NT12,2SOX 12/15/Z012 DD 06/15/0~

LIBERTY MEDIA CORP SR EXCHANGE3.300X 01/I~/~031DD 01/II/01

LIBERTY MEDIA CORP SR EXCH DEB3.ZSOX 03115/2o~1 DD 03/08/01

LIBERTY MEDIA CORP NEW SR0,750X OS/3012023 DO 03/2&/03

LODKHEED MARTIN ~TD7.25OX 0~I15/2oo6 DD 0~/15/96

I~0~5~3.02

1,759~640.91

1~121~573,70

1~502,000,00

?0soBS.S0

426~027.88

267~506.25

1~050,I2~.00

1,$57~500.00

665,625,00

3~704~400,00

5~011,300.00

3~148,110.00

P~icE

98.3750

76.2500

103.6250

95.5000

95.0780

B1.1870

91.0000

66.0000

iii,5000

102.2~00

75.37~0

Io7,0000

100.6870

MARKETVA L~J~

I~018~412.~0

Im791,875.00

1,1~0~750.00

i~309~000.00

88~42~.10

4I~113.05

300~300.00

I~122~000.00

I~561,000.00

76~387~.00

3~580,512.50

~980±530.00

3~0~0~§I0.00

RUN DATE: 26-JUL-0&PAGEt 50Mll02E

UNREALIZED

2&~070,~2-

32~234.00

11~7~,30

7~000.00

i~628,~0-

7,914.83-

~2379~.7~

&S~873.00

3~500,00

101,250.00

124,087~0-

30,~50.00-

127s~00.00-

Mellon

UGH 0000100QWEST PENSION TRUSTTOTAL PENSION

SHARES/

765,000.0000

755~000,0000

Ij350tO00,O000

2j080j000,0000

Z24, O0~,0000

1,72N~000.0000

780,000.0000

&85~000,0000

1,$25,000,0000

2j04Oj000.0000

ljlSOjO00.O000

270s000.0000

81~,000.0000

QWEST PENSION PLAN ........ ’~EIN 84-t339282 PLAN NUMBER: 005 ~’’


5S0O SCHEDULE OF INVESTMENTS AT END oF PLAN YEAR3I DECEHBER 2005

SE_o~RITY DESPRIP~

LUCENT TECHNOLOGIES INS $R CVT2.750X 06/15/2025 DO 06/04/0S

LYONDELL CHEMICALS SER A9.625X 05101/2007 DO 05/17/90

LYONDELL CHEM GO SR SUB ~TI0,875X 05/Ol/ZOOg DO 05/17/?g

Mcl INS HT 2o09VAR RT 0$/01/2009 DD 04/20/04

Mcl %No NTVAR RT o5/01/2014 OD 04120/04

HQI PHARMA INS SR SUB NT CONVSTEP 03/0Z/2024 DO 0~/02/04

MGH HIRASE SR NT6~&25x o7/1S/2015 DO 06/2o/o5

MACDERMID INS SR SUB NT9.125X 0711~1~011 DD 06/20/01

MANACHIP SEMICONDUCTOR [email protected]~ 12/15/2014 DD 06115/05

MANOR CARE INS NEH 14~A2,125~ 05/01/2055 DD 08/01/05

MANUGISTICS GROUP SUB NT COMV5,000X 11101/2007 ~D 10/20/00

MASCO CoRP SR NT5.875~ 07/15/2012 DD 06/27/02

MASCO CORP NT4,800X 06/18/2015 OD 06110/05

COST

554,109.00

827,737.E0

]j~8~3~7.50

2,15~p562.$0

240,799.98

1,206~2~9.51

780j000.00

754~0~5.7~

lj~40,9~4.62

2,078,895.0~

1~024~937,50

271~884.S0

754~I~4.80

97.7500

104,3750

105.87~0

103.2500

110.6250

61,7E00

~9.7500

105.8750

95.5000

10~,0000

95.1250

101,271K

0~.8712

MARKET

765~087.~0

78~051.2~

I,$81,B57.50

2~147±600,00

247~800.00

1,065~I87.50

778~050.0~

72~243.75

I,~56,575.00

2~I01,200.00

Im070~957.50

275~455.58

75G,~00.60

UNREALIZED

91~021.50-

~9~706,25-

2,8~0.00-

5~762.50-

7~000.02

141~062.01-

1,950.00-

~800.00~

15~430;58

22~304.9~

4~000.00

1~548.98

2m71~.80

USN GO00100~HEsT PENSION TRUSTTOTAL PENSIO~

SHARES/

29~000o0000

1~000.8000

69~;000.0000

$50,000.0000

I~I00~000.0000

1~750,000,0000

~57,526.0000

i~i00~000.0000

7~5,000.0000

1,875~000,0000

820,000.0000

2,000,000.0000

680,000.0000


COST PR~MCMORAN EXPLORATION CO ~51~400.00 I25.50005,~50X 10/06/2011 DD i0/06/04

MEDAREX INC SR NT CONV I~1S~,633.67 I11.62S02.250~ 05115/2011 DO 05/05/04

MEDIANENS GROUP INS SR SOS NT 712~75,00 g~.6250

&.aTSX I0/01/2013 DO 04/01/06

MEDtCIs PHARMAcEUTIcAL CORP 5~1~657.~0 96,8750VAR RT 06/04/20~3 DD 06/04/0~

METALLURG HLDGS INS CL A I~4A 1,078~000.00 I03.000010.500% 10/01/2010 DD 09/29/05

METALS USA INS SR SECD NT 144A 1,750,000.00 10~.500011.125X 12/01/2015 BD 11/50/05

ESCROW MID AMERICAN HASTE SYS 0.00 0,0000I2.ZSOX 02/15/2005 UD 05/24/94

MIDAMERICAN FOG INS SR SECO BO I,~8,210,87 111.61156,927X 03/0112020 DO 0~/01/00

MIDAMERICAN ENERGY HLDGS SR NT 706,687.80 96.50263.500X 05/15/2008 DD 05/16/0~

MIDAMERIDAN ENERGY HLDSS co 1,845,~8&.~9 97.14085.oooX 02/1~/Z014 DD 02/1Z/04

MIDWEST GENERATION LLC 9~0~700.00 110.12508.7~0X 05/01/20~ DO 04/27/04

MIRANT SORP SR DEB CVT 1,450,000.00 107.00002,500X 001151~o~1 DO 05/31/01

MUZAK LLC/MO~AK FIN caRP SR NT 633,250.00 87.2500IO.O00X 02/15/2009 BD 05/20/0~

MARKET

564,~2S.00

1,400~893.75

660,595,75

~39,062.50

1~1~3~000.00

1,793,7~0.00

0.00

1~227,725.~B

709,~94.1B

1,8~1~90,50

90~sOZ~.O0

2,140~000.00

595,$00.00

RUN GATE: 26-JUL-O6PAGE: 52Hll0ZE

UNREALIZEDGAINILO~S

32,925.00

244,260.08

47~781.25-

2~&25.00-

55;000,00

4~,750.00

0.00

20~4~5.61-

2,606.$8

~4,096.09-

27,675.00-

710,000.00

~9,950.00~

Mellon

USW G000100q~EST PEHSIOH TRUSTTOTAL PE~IOH

SHARES/PAre VALU~

~65~000.0000

S~5)000.0000

7~0~000.0000

lj~OOjO00,0000

IjOOOmO00,O000

1,000,000.0000

1,000~000.0000

ij000,000.0000

750j000.0000

5~O,QOO.OOQO

185)000,0000

130)000.0000

65p000.0000

OWESTPE"S’O"PLA" iEIN 84-1339282 PLAN NUMBER: 00


SSOO SCHEDULE oF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER Z005

SECURITY D~$CRIPTI0N COST

NABORS INDS INC GT8 SR EXCH i)03~)054.7~ 117.875oZEROCPN 06115/2025 OD 061101o~

NALCO 00 SR NT 6~i,800.00 102.75007.750X 11/15/2011 80 05/15104

NALOO Co SR SUB NT 796~875.o0 i04,75068.87SX 1111512015 DD 0511SI04

NATIONSR~NT COB INC SR NT I~41&jS00.00 105.00009,500~ 05/01/2015 DD 04/2610S

NAVI~TAR INTL GORP NEW SR NT I,ooo)o0o,00 95,25oo7.5OOX 0611512011 DO 0610210~

NDCHEALTH GORP ~R SUB NT 1~062)500.00 I14.280010.500X 12/01/2012 DD 06/01/03

WELLS AF S A R L SR NT 144A 960~000,00 99.00008.37~X 08115/2015 DD 08110105

NETWORK COMMUNICATXONS g44A 786,910.00 I00+o00010.7500 12101/2013 DD X1/30/05

NEWARK GROUP IHC SR SUB NT G67jSO0.OO 88.00009.7S0% 0311512014 DO 09115104

NENMONT MN~ GoRP NT 594,897.36 99.0S7BS,B75X 0410112035 DD 03122105

NEWS AMER INC SR NT I~4A 184~685.50 100.63226.~00g 12/15/2055 DD 12/23/05

NORANDA IN~ NT 129,149.80 95.98305.500X 06/151~01~ ~D 06108105

NORANDA XNC NT 55.6~B.95 97.45596~200X 0611512035 DO 06108105

MARKET_YALU~

I, i~7,49~,7~

601,087,50

785~ 625.00

I~470,000.00

9E2~500.00

I: 142.,500,00

990~000,00

1,000:000.00

660,,000,00

574~5~4,05

186~169.64

124)778, 02

G~34S.39

RUN DATE: 26-JUL-06PABE: 53NIlO2E

UNREALIZED~/LOSS10~,q59.00

~0,712.50-

I1~250.00-

S~500.00

47~00.0Q-

80,000,00

~0~000.00

13)090.00

7)500.00~

20~$63.31-

1,484.14

4)371,7G-

2,202.56-

u~N ~000100qNEST PENSION TRUSTTOTAL PENSION

SHARES/P~R VALUE ~ C PT 0

1)S00~000.0000 NORTHERN ROCK PLC DISC01f12/2006

920~000.0000 HOVELS ING SR NT 144A~TEP o2/15/2015 BD 02/05105

1,850~000.0000 OH GROUP INC SR SUB NT9.2500 12/15/2011 ~D ~2/12/01

I~320,000.0000 OMNIOARE INC ~R DEB CONY~,~50X 12/1S/~0~5 OD 12/15/0~

125,000.0000 ONCOR ELEC DEL co SR SECD NT7+~50X 011151203~ DD 07115105

500,000.0000 O~EN~ BROCKHAY ~LAsS CONTAINER8,250% 05/1512013 DD 05106/03

I~000~000.0000 OWENS BROcKHAY GLASS CONTAINER6.750X 12/0112014 DD 12101/0~

790,000.0000 O~ENS 8 MINOR IN~ $R SUB NT8.5O0X 07/1~/2011 DD 07/02101

I)700,000,0000 PRG ~CHULTZ INTL INC SUB NT4,75o% II/26/2005 DD 11/26101

i)915,000.0000 PS$ WORLD NED IHC ~R NT CONY2.2SOX 0~/15/2024 DD 03/08/04

2,500~000.0000 PANASAT HLDG CORPVAN KT ii/oI/2014 DB 05701/05

570~000.0000 PANTRY INO SR SUB NT7.750X 0~/~5/20~4 00 02/19104

73~000.0000 PANTRY INC SR SUB OONV NT I~A~,oo0~ 11/15/2012 DD i1/22/05

5500 ~CHEDULE OF INVESTMENT~ AT END OF PLAN YEAR3I DECEMBER 2005

RUN DATE: 26=JUL-06PAGE: 54NI~O2E

HARKET UNREALIZEDCO~T PRICE . VALUE

1~4~3)792.92 98.9195 I)48~792.92 0.00

920,000o00 93.2500 ~57,900,00 62)100.00-

1,899,250,00 97.7500 1)808,575.00 90)875.00-

ls~20)225.00 99.2~00 1,310~I00.00 10±125.00-

153,~55.75 117.1793 14&)474.14 6,984.Sl-

516.250.00 103.~00 516,Z50,00 0.00

9GO,OQO,O0 97,0000 970,000.00 I0~000.O0-

870)975.01 105,0000 829,500.00 41~475.01-

1,59~)445.00 66.5220 1~I~0~874.00 26~s571.00-

I)874~244.56 99.2500 1,900~6~7.50 26~392,66

1,770,~12,50 70.0000 1,750~000,00 20~I~,~0-

~60)737.50 100.0000 570~000.00 ~62,50

7&7)535.gO 116.5110 858,560,85 91:226.86

Mellon

U~W GO00100DNEST PENSION TRUSTTOTAL PENSION

SHARES/

915j000.o0o0

g60~O00.O000

250~000.0000

220~000,0000

8BS~000.0000

I~200~000.0000

290~000+0000

IjS00,000.0000

325~000.0000

500,000.0000

1~250,000.0000

26S,000.0000

1,800j000.0000

QWEST PENSION PLAN ’)~

EIN 84-i339282 PLAN NUMBER: 005SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS

(HELD AT END OF YEAR).

5500 SCHEDULE off INVESTMENTS AT END oF PLAN YEAR$I DEOEHBER Z005

SECURITY DESCRIPTION COST

FATHNARK STORES NEH SR sUB NT 873~82~.99 93.~7508.7~0X 02/01/~01~ DD 01127/02

PEABODY ENERGY CORP SR NT ItO$gj2OO,OO I04.00006.87~X 05/15/2013 DD 03121/05

PEHEX PROJ FDG MASTER TR GTD 2BO~O00.O0 101.0000VAN RT 02101/2009 DD 02/0I[03

PEMEX PROJPDO MASTER TR OTD 2~8,050.00 ~II.8B00STEP 11/15/Z011

PENN NATL OAMING INO OR DUD NT 920~%62,50 101,00006.875X 12/01/2011 DO 06/01/04

PEP ~oYs NANNY HOE 1j128,620,69 89o0ooo7.500~ 12[15/2014 DD 12/14/04

PETRO ~DA SR NT 29~714.75 101.069BS.950X 05/15/2035 D~ 05/16[05

PETROQUEST ENERGY INC 1j~B1j7~5o00 I04,500010.$75~’05/15/2012 DD 09/23/05

PETROZUATA FIN BD SER B I~A ~24,59~,75 ?~,00008.B20~ 04/01/2017 DD 06/27/97

PMARMA SVCS INTER HLD@ CORP 368j7S0.00 74.0000VAR RT 0~/01/201~ DO 0~/18/04

PHIBRO ANIMAL HEALTH CORP UNIT 1~$40~62B.00 105.0000STEP 12/01/2007 DO 12/01/04

PHOENIX LIFE IN@ ~URPLUS X~A 265~96,~1 10~,59007.~50X 1211512054 DD 12t15/0~

PIPE AoqUIOITION FIN PLO OR NT I~782,000.00 99.2500VAN RT 11211512010 DD 12/16/o5

MARKET

[email protected]

998~00.00

267~00.00

2~6~070.00

893~50.00

I~06@)0OO°OO

29]~i02.~7

1~567~500,00

305mSOO,O0

570~000,00

]~287~500.00

270~653.~0

1,78&~500,00

RUN DATE: 2G~JUL~O6PAOE: 55HIIO2E

UNREALIZED

19~4~3.7~-

q0~800.00-

I~500.00-

1,980,00~

~G~512,50~

60~020.69~

012.20~

8S)755,00

19,095.75~

I~250.00

53,125.00-

11,137,0~

4~500,00

USN G000100QNEST PENsiON TRUSTTOTAL PENSION

~HARES/PA~ VALU~

2~500~ 000.0000

1,400~ 000. 0000

925~000,0000

I,lO0~O00. O000

I~Sg~ogO, 0000

375~000.0000

~>000,000,0000

1,3~0~000,0000

GO~,O00.O000

865,000.0000

i45,000,0000

780~000.0000

175,000.0000

5500 SCH£OULE OF INVESTMENT~ AT END OF PLAN YEAR31 DECEMBER 2005

~ECURITY DES~RIPTION CosT

PLACER DONE INC SR DED CONY 2~705,722.50 12~,12502,750X 10/15/2023 DD I0/10/05

PLAOTIPAK HLDO0 INC ~R NT l~4A 1~418~375.00 lOl. OOOOB,~OOX 12/IE/ZOX5 DD 12/09/0~

PLAYTEX PROD~ INC SR ~EOD NT 1,010,562.50 106.50008.000~ 0~101/2011 DD o910110~

POLYPoRE ~NO OR SUB DOLLAR NT 1~035~75.00 88,00008°750X 0~/~5/2012 DD 05/I~/Oq

POLYPoRE "INTERNATIONAL INO 662,500.00 $6.0000STEP io101/2012 D~ i011810~

POPULAR NORTH AMEN HTN TR00013 $74,775.00 100.0~95.200X 1~/12/2007 DD 12/12/05

PREFRD RCVBL~ FD@ DISC $~969xTST.78 99.2~$90212112006

PRI~E ~NTL INC DEL NT CONV 1,55Z,082.00 1~1.75003.250X 0510112033 DD 04/2~/03

PROGRESS RAIL SVC3 CORP ~A 615,587o50 10~.3750STEP 0~/01/2012 DD 05/2~/05

PROTE~N DEOIGN LABS CONV I~A 91~,$52.36 I~2.62502,000X 02/1512012 DD 02/14/05

PRUDENTIAL FINL HTN #TROOO08 138~4.20 g5.84145.600x 06/13/2055 DD 06/1s/o5

PRUDENTIAL FINL ~NO DES" 788,52~,40 99+~$0~,10qx 11115/2006 DD 08/16/04

PUBLIC SVC CO GOLO IST SEN i~ 177~942,51 98o4015~.$75X 10101/~008 DD 09109/03

MARKETVALUE

~07~,125~00

1,414~000,00

985,125.00

960,000.00

700,000.00

375~$1~.77

~,969~757,78

I~739~I00.00

619~]68,75

1~147~0G.2S

I$8~g70.1~

77~,B75.~0

172,202.78

RUN DATE= Z6-JUL-06PAGE: 5&MIIO2E

UNREALIZED

~72~02.50

~,375.00~

2S~4~7.50-

67~37~.00-

37~500o00

55~.77

0.00

207~018o00

3,781.25

2~2~85t.89

645,gq

I$~650.0o~

5~7~9+7~-

Mellon

USN ~000100qWEST PENSION TRUSTTOTAL PENSION

SHARES/

5~5j000.0000

I~S00~000.0O00

8~5,000.0000

265j 000.0000 *

SS0~000.0000 *

2j500j 000. 0000

~j950j000.0000

2p2S0~000,0000

ijZ00j000.0000

a25t000.0000

lj450j000.0000

~00j0g0.0000

750~000.0000

QWEST PENSION PLAN ’"’7~EIN 84-1339282 PLAN NUMBER: 005


SS00 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR51 DECEHBER 2005

SECURTTV DESCRIPTIO~

qUANTUM OURP SUB NT C0NV4.$75~ 081011201o DO 07/30/03

QUEBECOR MEDIA INC11.125x 07/1512011 DD 07100/01

qHEST COMMUNICATIONS NT CONV~.500X Ii/15/2025 DD II/0S/0S

qNEST CURP8.875X0511512012 gg 05115105

qWEST CORP NT7.870X 09101/2011 DO 05/01/05

R J TO~ER CORP GTD ~R NT12.000~ 06/01/2013 DD 12101105

RPM INTl INO SR NT CONVSTEP 0E/13/2030

RF MICRO DEVICES INC SUB NT1,500X 07/01/2010 DD 07/01/0~

RAFAELLA APPAREL GROUP INc11,250~ 0G/15/2011 gD 06120105

READERS DIGEST ASSN INC SR NT.6.500X o~1ol/2on DD 03/05/04

RED HAT IN0 SR DEB OVT0,500~ 01/15/2024 9~ 0111210~

RENT A CTR INC HEN ~R SUB NT7.500~ 0510112010 DO 0£/0610~

RENT ~AY. INO SR SEOD NT11,875X 06//S/2010 OD 12/I~/03

RUN DAT~: 26=JUL-0&PAGE: 57HlloZE

MARKET UNREALIZEDCOST ~ VALU~ ~AIM/LOSS

52Sj123,7~ 95.~750 522j518.75 S,60~.99~

1,628,250.00 i08,2500 i~623,750,00 <,S00.00-

981,50~.20 IIS.8750 979,I~3,75 2j~9,~S-

306,075.03 112.7500 2983787.50 712~7.55-

6291300.01 io7,750o 624~9S0,oo q,350.01-

1,522,62~.00 83.0000 2~075~000.00 SS~37S.QO

2,151~14.50 B2.6250 2,078,GB7.S0 72,627,00~

2~120~777.25 91,$750 2,09~750.00 20~027,25~

1~1~0~000,00 9B.0000 1~176~000.00 ~5,000.00

802~125.00 97,7S00 806~57.50 55,6B7.50-

1)570~80G.11 I16.&750 1,694,6S7.50 523,881.59

932~625.00 95.5000 859~500.00 73~125.00-

822,162.50 106.57S0 776,$57+50 45,6~5.00-

USH G000100QHE~T PENSION TRUSTTOTAL PENSION

~HARE~/

29~092.0000

IB5,000.0000

~00~000.0000

I~00~000.0000

I~S00~000.0000

700~000.0000

1~2~0~000.0000

GT0~000.0000

2~840~000,0000

7301000.0000

S~$0,000.0000

110,000.0000

~9%000.0000

0500 SCHEDULE OF INVESTMENTS AT ENg OF PLAN YEAR$I DECEMBER 2005

REPTRON ELECTR~ INC SR SECD NTSTEP 02/05/Z009 DD 02/05/04

RESOLUTION PERFORMANCE PRODS8.000X 12/1E/2009 DD 12122103

REYNOLDS R J TOB HLDGS 144A6.500X 07/1~12010 DO 06/29/0~

REYNOLDS. R J TOB HLDS$ I~4A7.~00X 07/I~/20I~ DD 06/~9/0~

RHODIA SR NT7.625X 06/01/2010 DD 06/01/0~

RHODIA ~R SUB NTS.875X 06/01/2011 DO 06/01/o~

RITE AID Co~P SR SECD NT9.500X 02/15/2011 DD 08/I~/03

ROGERS HIRELESS ~NC SEOD NT7.000X 0~/lS/2010 DD Ii/50/04

ROPER INDS INO NEW ~R SUB CUTVAR RT /01/15/205~ DO 12/Z~/05

ROTECH HEALTHCARE INC ~R SUBg.500X 0~/01/2012 DD 10/ol/02

ROYAL CARXBBEAN ORUIGE,~ LTD NTZEROCPN 02/02/2021 DD 02/02/01

ROYAL KPN NV NT8.37~X 10101/2030 DD I0/04/00

RYERSON TULL IHC~.S00Z 11/01/202~ DD 11/I0/0~

RUN DATE� 26-JU~=06PAGE: 5SNIIO2E

MARKET UNREALIZEDCOST ~ VALU~

20~,72~,&~ ~.0000 I~I,~41.40 1~7~283.24-

195~$75.00 102.0000 1B8,700.00 I0~170.00-

401,000.00 99.S000 598~000,00 $~000.00-

1,199,S~0.59 102.0000 1~22~000.00 2~,469.~1

1,~5~750.00 100.S000 1~507~00.00 71~750.00

660~200.00 102.~000 717~S00.00 57:250.00

1,25~,375+00 I0~.~000 1~I8~750,00 ~,~70.00

719,~12.50 108,0000 723~&00.00 ~187,E0

1~471~162.50 54.7500 I~SS4,900.00 85~737,S0

503~000.00 105.0000 766,500.00 56±500.00~

2~729,150,00 5~,ZEO0 2,956~620.00 227,~75.00

1~8,1~I,40 llS.81g? IS0~701,71 17~39.69-

&&S~225.00 127.5000 752~250.00 ~7~025.00

* REPRESENTS A PARTY-IN-INTEREST

Mellon

US~ 6000100QWEST PENSION T~USTTOTAL PENSION

SHARES/

660j000,0000

400,000,0000

5iOjO00.O000

lOOjO00+O000

lj1OOjO00.O000

5~000~000,0000

I~078j000.0000

~Z~000,0000

145j000,0000

I~600~000,0000

838j000.0000

3jBOOjO00.O000

9,222,1500

QWEST PENSION PLAN ........ "~,)kEIN 844339282 PLAN NUMBER: 005


5500 SCHEDULE 0F INVESTMENTS AT END OF PLAN YEAR$1 DECEMBER 2005

SECURITY DESCRIPTION

sEMc0 ENERGY INC SR NT7.12EX 05/I5/200B DO I1115103

sFBC INTL INo SR NT~.2SOX 08115/202~ DD 08/11/04

SAFENET INC I~A2,500X 12/15/2010DD 12115/05

SAFENAY 1No4.950X 0811612010 DO 08112/04

SAHSOHITE CORP NEW SR SUB NTD,B7SX 06101/2011 DD 06/09104

SANTANBER FIN DIBC02/16/2008

SCHEIN ttEMRY INS,CONTINGENTB.000X 08/1512054 DO 08109/04

SCIENTIFIC DAMEs CoRP SR 144A0.7BOX 12/01/2024 DO 12125104

sCOTTISH PNR PLC NT5.375X 05/15/2015 DG 05/21105

SEA CONTAINERS LTD SER B10,750X 10115/2006 DO 10115199

8EACOR HLDD8 INS SR DES CONV2.875X 121151202~ DD 12/17/04

SEALED AIR CORP NEW GR NT I~A3.ooox o6/30/20~3 DD 07101103

SEARS MTG SECS PIT CTF 1982-~REDEEHED

RUN DATE: 26-JUL-O6PAGE: 59HII02E

MARKET UNREALIZED

706j~04.60 101.6250 870~72S.00 38~679,80~

257j000,00 71,6250 286~500,00 29,500.00

510,000,00 99,I2S0 505,$57.$0 ~,~62,50-

99~756.00 97.2828 97:252.55 2,S05,47-

ljI46j780.00 105.S000 lj1~8~500,00 ~250.00-

2j967~957.50 9B,9312 2,987,9~7,50 0.00

i,I9~,078.75 112.0000 1,204.000,00 9j921.25

~68j562,50 i07,1250 455,281,25 13,251.25-

144~998.B8 100.2~89 145~1.04 3~4.46

1,81~000.00 100.0000 I~&00,000,00 I~000.00-

920,086.~0 I10.2500 920~5B7,S0 501.00

B,771~360.00 ~9.8750 3~798~2~0.00 25~890.00

9~5~9.72 101,0356 9~372,99 166.75-

USN 6000100q~EST PENSION TRUSTTOTAL PENSION

SHARES/

750,000.0000

1,3EO, O00.0000

1,0~5~000.0000

895,000.0000

870,000,0000

B60,000,0000

870~000.0000

9G0~000,0000

188~000.0000

l~SO0~O00,O000

6208000.0000

1,~50,000.0000

B05~000+0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR~I DEcEMbER 2005

~ECpRITY BEBCR~PTID~ COST

SELECT HEB HLD~S BORP BE 144A 7~0~000,00 100.8000VAR RT 09[IS/2015 OD 09/29/05

SELECT HE8 CORP BR SUB NT 1~558)187.50 96.25007+625X 02/01/2015 DO 02/24/08

SEN~US METERIN~ SYS INS SR BU~ I±067,725,00 8B.~0008.&2~X 12/15/2013 DD 06118104

SEPRACOR INC SR SUB NT CONY 90B,874.54 94.7500ZEROCPN 10/IS/2024 DD 02/11/05

SERVICE CORP INTL SR NT 900~450.00 91.50008.750X 04101/2018 BD 10101/0~

SHERIDAN GROUP 1NO SR SECD NT 911~800,00 102.87~010.250X 08/15/2011DD 0811810~

SHUFFLE MASTER INS CONTINGENT 701,825,00 I04.75001.250X 0~/15/202~ DD 04/21/04

SIMMON~ COMPANY I~014~500.00 92.B0007.875X 01/IS/2014 DD 07115/04

SING FST CORP GTD SR MT 144A 202~I12+50 I07,25009.125X 0B/17/2011 DD 0B117104

sKILLED HEALTHCARE GRdUP l~qA i,~89,995.00 I01.000011.00oX 01/15/201~ DD 12/27/0~

SHITHFIELD FOODS INS SR NT 68%780.00 105.78007.75OX 05115/2015 DD OS/21t03

SHURFIT CAPITAL BEDS 1~296,000,00 88,00007,500X 11/2012025 DD 11/20/95

SPECTRUM BRANDS ~NC GR SUB NT B05,300,00 8~,50007:575X 02/01/201~ DO 02/07105

MARKETVALU~

75~,750.00

I~299~37~,00

92~,825.00

848,012.50

848,250.00

884,725.00

701,825.0o

006,500.00

198,412.50

1~51~000.00

655,650.00

1,18B,000+00

872,17~.00

RUN DATE: 26-JUL-06PAGE: 60MII02E

UNREALIZED

3~750.00

38,812.50~

142,900.00-

80,BG2.04-

52, Z00.00~

28,87~o00-

0.00

I07±B00,00-

$~700,00-

25~00~.00

54,100,00~

10B~000.00-

1~1~12~.00-

Mellon

US~ GOOOIHqHEST PENSION TRUSTTOTAL PENSION

SNARES/A vPA&_YALE~

390,008.Q000

l~500j000.O000

245,000°0000

200,000,0000

1,0S0,000.0000

655,000,0000

2,500,000,0000

1,000,000o0000

975,000,0000

~75j000.0000

2,000~000,0000

505~000.0000

555,000,0000

QWEST PENS/ON PLAN "}~

SIN 84-1339282 PLAN NUMBER: 005SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMSER 2005

SECURITY DESCRIPT~O~ CQ&T PR[C~

SPEEDHAY MOTORSPORTS INC SR 410j47S,00 101,250006101/2013 DD 05t16/05

SPRINT CAP CORP 1,529.~29.91 105.91206.375x 05/oi/2009D# 05106199

~PRINT cAP CORP ~76,291.40 I10,224~7,625% 01/30/2011 DO OI/2S/OI

SPRINT CAP CORP NT 238~oI0.00 I15,95908.~75~ 0~/15/2012 DD OS/1~/02

STANADYHE CORP SR 8US NT 920,000.00 96.000010,000~ 08/15120I~ DO 02/15/05

STATtO~ CASINOS 669~737,EO lO2,25o0G,~75~ 03/01/201& DD 02/27/04

STONE DDNTAZNE~ CORP SR NT 2,&75~ooo.o0 101.00oo9,750~ 02/011~011 DO 01125101

STRIPES ACQUISITION LLC/ I~4A I,O00,O00.O0 101.500010.625~ 12/1E/2013 DD 12/21/05

SUBURBAN PROPANE PARTNERS L P 960j085.75 93,~0006.875~ 12115/2013 DD 12/~3/05

SUNGARO DATA SYS INC SR 14~A ~75,000.00 IOS.50009,125~ 08/15/2015 DD 08/11105

SUMGARD DATA ~YS INC 144A 2j012~562.50 100.000010,250~ 08/IS/2015 DD 0~111105

SHIFT ENE]L~Y CO SR SUB NT 553,7E0.00 107.B0009.~75~ 0510112012 D~ 0~/16/02

SHIFT ENERGY Co 8R NT 563,581,86 102.00001.62s~ 07/15/2011 DD 06/23/0~

MARKET. VALUE

59~75.00

1,55S,5~1.19

270,040.79

251,918.05

960~000.00

~9~757.50

2~525~000.00

1,015:000,00

911~625,00

491~625.00

2~000,000o00

5~7e500.00

566jI00.00

RUN DATEz 26-JUL-0&PAGE= 61MIIOZE

UNREALIZEDO~N/LOSS

1S~SQ0.0Q~

70,6~8.72-

6,241.61-

6~091,9~-

40,000.00

0.00

1~0,000,00~

15,000.00

4&,458,75-

I6,625.00

12~562.50-

~,750.00

2,718,14

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEARUSW 0000100 SI DECEMBER 200S~EST P~Jq~ION TR~STTOTAL PEN~I~N

SNARES/P~RVALU~ SECURITY DESCRIPTION ~ PRICE

1,080,000.0000 SYBASE ZNC SUB NT cONY 144A 1,097m150.00 102.50001.750Z 02122/2025 DD 02/22105

2,000,000.0000 TCI COMMUNICATIONS INC ~BS 2,129~100,00 107.73017o125~ 02/15/2028 DD 02124198

~GS~000.O00S TFN ~ A DE C V ~R NT 14~A 265,000,00 109o50009.375~ 05/01/2012 DD 0~/19/05

03~,000,0000 TRN AUTO ACQ CORP SR NT 967,440.00 108.25009,575~ 0211512013 DD 08/15/03

220,000,0000 TATE& LYLE INTL FIN PLC NT 217~749.00 ~S,87505,000X 11/1S/201~ DD 11/25/04

~95m000,0000 TEAH FIN LLC/HEALTN FIN CORP BOS,O00.O0 102.000011.250~ 12/01/201~ ~D 11/23/05

625,000,0000 TELECO~ ITALIA CAP GTD SR NT 610,941.26 9~.9944~,000~ 09/30/2054 DO 09/50105

160,000.0000 TELEcoH ITAL?A CAP OTD SR NT 178,455,50 97,10155,250~ I0101/2015 DD 09/28/05

295,000.0000 TELEFONOS DE HEXICO S A SR NT 297,622°56 98.08894.500X 11/19/200B DD iI/19/0~

445,000,0000 TENNECO AUTOMOTIVE INC ~R NT 406~956.25 I09.2500I0,250X 07/15/2013 DD 86/19/0S

~50,000,0000 TENNECO AUTOMOTIVE INO SR ~UB 891,939.75 9~.50008,6252 I111S/2014 DD ii/19/0q

2~000,000.0000 TEREX CORP NEH ~R SUD NT 2,156,250.00 106,75009.2500 07/IS/2011 DO 01/15/02

785,000.0000 TEVA PHARMACEUTICAL FIN ELC ~R 54~,9~7.Iq I18.75000,500~ 02/01/202~ DD 01/27/06

HARKET

1,107,000.00

2,15~,G02.$2

290,175.00

902,805,00

210,925.00

402,900.00

599,965.1~

174,782.70

269~S62+5~

~86,162.50

897~750.00

2,1S5,000,00

932,1~7,50

RUN DATE= 2E-JULy06PAGE= 62MIIOZE

UNREALIZEDGAiN/LOSS

9,850.00

25,502.82

2B~17E.00

~,655.00-

6,82~,00-

7,900.00

I0,976,12-

3~671.I0-

8,260.02-

793.75-

E~810.~7

21,250.00-

87~2~0,$0

Mellon

UsW GO00100qHEST PENSION TRUSTTOTAL PENSION

SHARES/

3~000jD00,0000

i,I~,000.0000

IjlOO, O00.0000

I~S, OO0.O000

2,150,000.0000

13050, O00. 0000

SOOj O00 ¯ 0000

90jO00.O000

7~OjO00.0000

575~000+0000

1~42~000.0000

125jOOO.DO00

19~,000.0000

QWEST PENSION PLAN ’""~~%



5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR51 DECENBER ZOo~


TEVA PHARMACEUTICAL FIN II LLC0.250X 02/01/202~ DD 011~7[04

THORATEC CORP cVTSTEP 0511&/2054 DO 05/24104 "

THORNBURG MTG INO SR NT8.000X 05/15/2013 DO OS/15/03

TIME HARNER ENTMT CO LP8.375X 07/15/20~3 DD 01115/94

TIME WARNER INC BNDS6.62~X 051~B/2025 DD II/23/98

TIME WARNER TELEcDH INC SR NTlO.125X 02/01/2011D~ 01129101

TRANSDISM IN~ SR SUB NTS,37~X 07/1512011DD 07/22/03

TRIADS HOSPITALS INC1,000~ 11/15/2013 DD 11112/05

TR~AD HOSPS INO SR NT7.000X 05/15/2012 DD 05t06104

TRICON GLOBAL RESTAURANTS NT8.875X 04/1512011 DD 04/12f01

TRIMAS CORP SR SUB NT9,875M 06115/2012 DD 12155/02

TURANALEH FIN BV NT 144A10.000X 0S/29/2007 DD 05/29/02

TURANALEM FIN B V OT5 NT 144A8,500X 02/i012015 DD 02110105

RUN DATE: 26-JUL-0&PAGE: 63HIIORE

MARKET UNREALIZED~ VALU~

2±996,20~.19 124.5000 3,755,000,00 758j79S,81

~91~805.09 ~9.$750 794,~43.75 I02,5~8.6~

I~102,375.00 98.S000 1~085,500.00 18~875.00-

162,507.9~ I~B.0552 I~7~$4~.09 14,955.G~-

2,30~,323.57 99.7029 2,145,333.4~ 155,990.12-

I~051,&25.00 ~04.7500 I~099#8;~.00 68,250.00

506~2~0,00 105.R500 52G~2~0.00 20,000.00

92,02~.02 100.2500 90=225.00 1,800.0~

758,956.25 102.7500 750,075.00 8,881.2~-

G94,89~.25 116.9821 G72~647.05 22,246.17~

1,156,500.00 82.5000 1,175,625.00 19~125.00

135~000.00 105.5000 131~875.00 S~125.00-

191,794.20 107.~570 209,502.15 17~707.85

USW GOOOI00QWEST PENSION TRUSTTOTAL PENSION

SHARES/~AR UAL%5

Z50,000.0000

120,000.0b00

1,350,000.0000

8~5,000.0000

2~000~000.0000

2,60~000.0000

829,000+0000

I~000~000.0000

~,600,000.0000

4,~50,000.0000

~00,000.0000

560,000.0000

890,000.0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR~I DECEMBER 200~

SECURITY DESCRLP=~,L~

TURNER BROADCASTIN~ SYSTEMS8.575X 07/0112013

TYSON FOOD5 INC NT8.RS0X 10/01/2011 DO 04/01/02

Us oNCOLOGV INC SR NT9,000X 08/15/2012 DD 02115105

UOAR FIN ZNC GTD SR NT10,250X 02/15/2012 DD 02/15/02

UNION PAC CO DEBS7.000X 02/01/201G ~D 01/26/96

UN;TED RENTALS NORTH AMER&.50gx 02/15/2012 DD 02/17/04

UNITED STATE~ STEEL CORP SR NT9.750X 05/15/2010 DD 05/20103

UNITED SURGICAL PARTNERS HLDGS10,000X 12/1~/2011DD 12/19/01

UNIVERSAL HLTH SVCS INC DES0,426X 06/25/2020 DD 06/23/00

UTSTARCOM INC SUB NT CoNY0,875X 03/01/2008 DD05/12/05

VWR INTL INC SR NT6.875X 04/1512012 DD i0/I~/04

VWR INTL INO SR8,000X 04/15/2014 DD 10/15/0~

VAIL RESORTS INc SR SUB NT6.750X 02/I~/201~ DD 01/29104

RUN DATE: 26=JUL-06PAGE= 64Mn02E

MARKET ~ UNREALIZEDCOST PRICE VALUE ~N/LOS~

507~60/.65 I1~.2243 258,060.97 I§~&26.68-

1~2,715.05 II2,SSI9 lSS,O&2.30 7,&~2.75-

1,455,625,00 I07.0000 1,44~,500.00 8,875.00

976,837.50 105.6250 903,09~.75 75,745.75-

2,306~061.56 112,5646 2,251~295.94 54~767.6R~

2~500+064,46 97.5750 2,535~645.00 ~5,560.54

94~,060.0| IOD.7500 001,E~7.50 4~,522.51-

1,087,500.00 107.7~00 I~077+S00,00 I0,000.00~

~,058,$59.44 56.8750 2,61G,250,00 442,509.~4-

~,250,611.25 81.12~0 3,8B~457.S0 572,8~0+25

505,250.00 99.2500 297,750.00 7~S00.00-

37:~Sl.2S 99.5000 ~S~,20O,DD 15,151.25-

90~,575,00 I00.0000 890~00D.00 IS+575.00-

Mellon........... i)QWEST PENSION PLAN ........~J~

EIN 84-t339282 PLAN NUMBER: 005SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


UsH G000100QNEST PENSION TRUSTTOTAL PENSION

SHARES/

i15~000,0000

720,000.0000

1,250,000.0000

i,120>000.0000

305j000.0000

2~000~000.0000

605j000.0000

l,O00pO00,O000

160~000.0000

1,5451000.0000

2,000,000.0000

i~020~000.0000

3j000,000.0000

5500 SCHEDULE OF £~VESTMENTS AT END OF PLAN YEA~Sl DECEMBER 2005

=~.E.J;~J-Y DESCRZFTIOH

VALERO ENERGY CORP NT7.500X 0~/I5/2032, Dg 04/15102

VECTOR GROUP LTD CVT SUB NT6+250X 07/IS/200& DD 07/05101

VERASUN ENERGY CORP l~A9.B75X 12/15/2012 OD 12/21/05

VER£ZDN OLOBAL FI]G CORP NT5.BSOX 09/15/2035 0~ 0911~/05

VERIZON NEH ENO ;NO DES6.500X 0911512011 DO 0B/21101

VERIZON PA INC DES SEE AS.650X 11/i~/2011 DO 11/13/01

VERTIS ING SR NT9.750X 0~/01/2009 DD I0/01/03

VZAGOM IHD SR NT7.B75X 07/30/2030 DO 08101100

VIRGINIA ELEC & PWR CO S~ NT5.~7BX 02/0112007 DD 01130102

VQDAFONE AIRTOUCH PLC NT7,750X 02/15/2010 DD 08/15/00

VODAFONE GROUP PLC NEW DEB6.250X 11/30/2052 DD II120102

VOUGHT AIRCRAFT INDS ZNC GR NT8.000X 07/15/2011 DD 07115/04

WHO HLDGS CORP GR DISC NTSTEP 12/I~/2014 DB o6/15/05

RUN DATE~ 28-JUL-06PAGE= 6SHIZOZE

UGH GO0010OqNEST PENSION TRUSTTOTAL PENSZON

SHARES/

IGS~000.0000

510,000.0000

255j000.0000

870~000.0000

125~000,0000

1,0G0,000.000S

405,000.0000

1~250~000.0000

5,000,000.0000

500,000.0000

TOTAL GOEPORATE

MARKET UHREALIZEDCOST PR~C~ ~ C-~

I~4~2~9.70 121.1858 1~9~&~.77 ~,935,9~-

676~800,00 99,5000 71G~q00+O0 ~9,&O0.O0

I~242,325.00 I01,5000 1~268~750.00 ~6,q25,00

1~112~003,20 96.1474 1,076~B51.90 55~151.~0-

~,983.08 105.0966 314,~4~.6~ 20~538.~4-

2~104~578.56 100+0~58 2~000~916.~0 I05>662,26-

600~512.5Q i0~.6250 62~,9~1.25 20~18,75

1~78~768,92 113.4~G1 1~134~961.~0 143~807.52-

105~701.~0 100.4355 160~697,35 S,004,05-

1,795~522.52 i09.64~ 1,&94~069,I9 101,~55.~-

2~171~819,76 105.9095 2~118~191,6G 53,628.08-

~1,950.0~ 93.5000 953~700,00 $8,250.00~

Z~060,625.00 70,0000 2,100,000.00 3?,$75.00

5500 SCHEDULE OF INVEGTHENTS AT END oF PLAN YEAR~L ~ECEM~ER 2005

RUN DATEr 26=JUt=06PAGE: 66Mll02E

CU O

’~ASHINGTON HUT BK FA #sB00002~.ESOX 0B/IS/201~ D~ 08/05/0~

WASHINGTON REAL ESTATE INVT TR~,350X 0~/01/2015 ~D 06/26/05

WASTE MGHT INO OIL ~R NT6.875X 0~21S12000 DD 11115/99

HELLS FARGO HTG 05 ARlO IIA15VAR RT 0q/25/2009 DD 05/01/05

WESTVACo CORP DEL DEB7.950X 02/15/2051 DD 02/0~/01

MILD OATS HKTS INS CONY 144AVAR RT 05/15/20~ DD OS/01/04

NILLIANS SCOT,MAN INC SR NT8.S00X 10/01/2015 DD 0~29/05

~ODLWORTH CORP BEG8.50OX 01/15/2022 DD 01115/92

YORKTOWN CAP LLC ~sc01/2012006

HAYES LEMMERZ IHTL INS TERMO.O00X 06/0~/2010 DD Oq/20/OS

DEBT ZNSTRUMENT~

HARKET UNREALIZEDCO~T PRICE VALUE ~IN/LCSS

IB9,775.00 101.~597 1B7~SlS.62 2,257.$B-

~’04,812,45 99,1960 505,80~.60 1,087.15

Z7~01.85 105.~500 268,687.98 5,033,80~

B&6,531,59 96.8150 B42~290.50 24,243.00-

~8,727,25 115,1820 14~,~77.5& 5,250.31

1,002~B25.0~ 90.2500 97~,700.00 2B~125,04-

~05,000.00 I05.5000 419,175.00 1~,175.~0

i,~76~562.50 105.7500 I,~21~875.00 5~,687,50~

q, OSl,qO0.O0 9~.6250 ~,081,400.00 0.00

~98±S40,28 99.7680 49~,B~0.28 0,00

555, q$5~667,~8 554,Tq7,290.B6 688,$76.q2-

Mellon

USH GO00100QHEST FEN$ION TRUSTTOTAL PENSIOR

SHARES/

CORPORATE

~,451.0g00

15,790.000Q

7~B40.0000

12~000.0000

II~00Q.0000

10~100.0000

2,$76.0000

41,608.000Q

38,000.0000

16~,900.0000

14,574.0000

12,E09.0000

K&m500.0000

30,900°0000

QWEST PENSION PLAN "!~



SS0O SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 200S

}ECURITy 0ESCRIPTZQR ;g.E.~ PRICE

STOCK ~.P~EFERRED

PORSCHE AG NON VTG PRF NPV 4,318,2~7.I5 715,9514

HYUNDAI MOTOR CO 2ND PEEF 68~287.~2 67.8636

K~WEO00

LS CHEMICAL PREF KEN500 218~008.11 59.57Q6

ASPEN INSURANCE HLDGSLTD PEEP 600,000.00 49.0000

PEG INCGMEEQUITY REPLACEMENT

PLATINUH UNDERNR CV PFD 6X A 331,&50.00 30.1500SHS

XL CAPITAL LTD EQUITY SEE 250~581.00 22.3400UNIT

ABE INS WTS TO PUN PPD SEN B 0.00 0.0000

E×P 09/09/1996($1.75 PER SHI

ABC INS WT$ TO PUN PFO SEN B 0.00 0.0000EXP 9/9/lggDCS0.10 PER $H}

AES TR VII TR CDNV PFD SECS I,D5%600.00 47.B750

ABTOX INS SER A PFD ~99~4Q6.9~ 1.239S

ABTOX INB SEN B PFD 21=891.00 1.50g0

ABTOX INC SEN C PFD 21,G90.75 l.TE00

CARRIAGE SVCS CAP TR TERM INS 2~277,57E.00 4~.87S0DEF EWTY SEES 7X TIDES

CELANESE CORP DEL PEEP PFD 848,211.34 28.1~0QCONY

MARKETVALU5

4,604,2B~.86

1,071,~67.00

310,25~.82

EBB)000.00

331m650.00

225,6~4.00

0~00

0.00

1,819,2~0.00

21~871.00

21,D90.75

2,422,437.S0

867,85~.00

~UN DATE; ~&-JUL-06PAGE: 67MIIOZE

UNREALIZEDGAIN/LOSS

285,996°75

~83,ZTg,&8

92,225.71

12,000.00-

0.00

4,747.00-

L00

O.Q~

40,$50.00=

0.00

0.00

O.00

145,062,50

21,623.~&

USN S000100~WEST PENSION TRUSTTOTAL PENSION

SHARES/

22,900+0000

4,800.0000

2~BO0,O00O

11,300.0000

420,$98.0000

6,562.5000

6,S~2.~000

6,465.0000

~2,500.o000

71,429.o000

ia,300.0000

12.0000

~I00.0000

q5,600.0000

~±100.0000

5E00 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 200E

sc s TO ~

CHESAPEAKE ENERGY CORP 144A 2,279,887.22 105.5000cONV PFD

CHESAPEAKE ENERsY CORP PFD 502,~20°43 96.510BCONV X

CITISROUP FDg SYDECS 7&1,I00.80 32.5500

CONSECO INS PFD CONV SER B ~12~727.50 28.~800

CONSUMER HEALTH sVcS ~NC PFD 292~867.74 0.696~SONV SEN I

DENTALCO 9% CtD REDEEMABLE PFD 656~2~0,0~ I00.0000

DENTALCO ~HE 9X EL D CONV PFD 656,250.00 I00.o000

DIGITAL F/X INC SEN D PFD 19,389.00 ~.0000

DIGIRAD CDRP SEN C CDNV PFD 500~000.00 1,6000

DIGITAL F/X INS PFD SE~ C 12S,000.7~ 1.7500

ENTERGY CORP NEW E~U~TY UNIT 91g,000.00 ~g.7500

FEDERAL NATL MTG ASSN CONV I~164~067+07 ~1,8g0,7000PFD SER

FLEETWOOD CAP TR PFD CV SEES 1,94s,~20.00 51.62~06.00Z

FORD MTR CO CAP TR II ToPRS X 1,&&6~919.11 27.5000CVT PFD

CENERAL MTRS CORP SR DEB CONV 717,92~.00 I~+7~00

SEN C

MARKET

2,415,9E0.00

463,2~8.00

8~4~63~.00

520,694.00

292,867.74

65&~2S0.00

&~$,250,00

19,~89,00

500~000.00

125,000.75

910~425+00

I,I02,6SB.40

2,173,412.50

1,20~)360.00

521~25.00

RUN DATE: 2&-JUL-06PAGE: 6BMll02E

UNREALIZED

156,0~2,78

39~172.43-

73~50.~0

7,?66.50

0.O0

0.00

0,00

0.00

0.00

0,00

4,575.00=

61,400.67=

224,792.50

463,559,11-

19a,600.00-

UsN G00Ol00QNEST PENSION TRUSTTOTAL PENSION

SHARES /

85,000, o0o0

l~,7QO,O000

ISS. (83.0O0O

200., 000. O000

I09j ~I0, 0000

190,0000

Ij4Q0,0000

=:Sm 20 O. O000

700.0000

7,200.0000

~j, 000.0000

2.1700

3.2~3+ 0000

1.0000

QWEST PENSION PLAN ........ :’./~EIN 84-1339282 PLAN NUMBER: 005

SCHEDULE H, LINE 4t: SCHEDULE OF ASSETS(HELD AT END OF YEAR)

SS00 SCHEDULE OF XNVESTMENT~ AT END OF PLAN YEAR31 DECEMBER 2005

SEQ~-Y DESCRIPTION C0ST PR~E

GENERAL HTRS CORP DES SR CVT 1,898,gg5.00 I~,9000

PFD S

GOODRICH PETE CORP PEEP PF~ 7~5~000,00 S0.0000

CONV SEE B 144A

IMASINARIUM INc PFD SEE D 158,483.o0 l.oooo

INTERWET SYS CORP SEE ~ PFD S00=0Q0.Q0 4.0000

IXYS CORPORATION PFD 0.go 0.o0o0

LUCENT TECH CAP TR I CONV TR 190,931.7~ 955.0000

PFD SEeS 7.751 0tt15/2017

MARSHALL & ILSLEY CORP 37~78&.00 2G.48~0

CoM

METRDMEDIA INTL GROUP INC GUM 1j488124S,00 SG.0000

CONY PFD /.251

NRG ENERGY INC PFD PEEP CONV 759~237.B0 l)2&~,lSOO

NATIONAL AUSTRALIA BK CVT PF9 264,E03.20 59.4000

$1.96875 LTD CAP UT EXCH

NEWS CORP FIN TR II SR 3j695,000,00 910.8E00

EXCHANGEABLE BUGS 0.751

CREH SEMICONDUCTOR INC CONV 0,OO 0.0000

PFD SEE I

DREW SEMICONDUCTOR INC CONV - 0.00 0,0000

SEE L

OREN SEMICONDUCTOR IND CONV 0.00 0.0000

PFG SEE A-I

MARKET

ls266jSb0,0Q

7~5,000,00

158j~SS.00

800~000,00

O.O0

181~50.00

37~072.00

1~987,200.00

88S,S?l. O0

Z85,SSO,00

O.00

0.00

0.00

RUN DATE: 25-JUL-06PAGE: 6gMllo2E

UNREALIZED

632~85.00-

0.00

0,00

0.00

0.00

9j481.7~-

71~.00-

4gBjgs~.00

126s353,50

19,176.80

SI,600,00-

0.00

0.00

0.00

usW ~000100 ’QNEST PENSION TRUSTTOTAL PENSION

SHARES/

~5o,~oso

60~ 0O0.0000

21~210.0000

192~328.0000

810.0000

~6,500.gO00

~9~000.0000

51~00.0000

799.0o00

7~368.0000

~0~00,0O00

70~00.0000

I~.0000

TOTAL CORPORATE

5S00 sCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 ~ECEMBER 2005

~ECURITY DESCRIPTION ~

PAXSON COMMUN CORP CVT PFD 1,7S1)722.99 &=900.0000

9.7B% 144A ERAS SNS HAE2$1600

qUADRAMED CORP PFD DUH CONV 1,380~000.00 1G.5000

SEE A X I~A

RESENISYS CORE PFD ~4~109.75 0.6652

ICING INC PFG SEE B 2t5,397,74 1.1199

SIMON PPTY GROUP INS NEW PERP 47~gSB.20 64.3000

PFU CONV SEN I 6.oox

~IX FLAGS INC CVT PFD EXCH INC 1,197~190,75 E3.1200

EQUITY SHS PIERS

SUPREX CORP SEE C PFD 12,~28.27 1,27&7

TOWER AUTOMOTIVE CAP TR PFD 5~[~000,00 2.1800

CONV SECS & 3/41

TRAVELERS PPTY GAS CDRP NEW NT 1,182~185.00 25.8900

CVT PFD JR ~032

US AIRWAYS GROUP INC PFD SEE A 0,DO 0.0000

NEW

VlCOH SYS INO SEE A PF~ 0.00 0.0000

VILLAGE ROADSHOW LTG PRIDES &80,~00~O0 4S.6Z$0

I~4A

WASHINSTON HUT UNIT I TR OVT 3~&95~580.00 5q.2500

PFD INC EqTY REDEH SEGS PIERS

WORLD POWER TECHNOLOGY PFD ~9,4SI,S0 2.7500

STOCK - PREFERRED 4~911~040.05

MARKETVALU~

2~279~801.~8

l~llO~O00.OO

14.109o75

~I~,397.74

52,0~3,00

l~306~ZG0.00

12,42G.27

12~,620.00

1~27~8~7.00

0.00

0,00

gl2~S00.00

3~797,500.00

3g~51.~0

RUN DATE; ~6=JUL-o6PAGE= 70MIIOZE

UNREALIZEDAI~

~28~078,~1

270,000.00-

0.06

0.00

I09.0~9.25

0.00

g4,67Z,00

0,00

0.00

~32~I00.00

101~g20.00

0.00

893~934.BS

@ Mellon

....

US~ GO00100qWEST PENSION TRUSTTOTAL PENSION

SHARES/~ SECURTTY~ESCRIPTION

53,166.000Q

140,500.0000

6~,61~.0000

240,000.0000

77j000,0000

18~299,0000

73,6a~.0000

Z0~023.0000

I~a,~65.0000

i~0,400.0000

107,551.0000

1~1~1,978.0000

2~3±821.0000

24~700,0000

109j379.0000

793j076.0000

NEWS CORP CDI NPV GLS ~Af gFD

AHCOR LIMITED NPV

BRAMBLES INDS ORB STK NPV

BHP BILLITON LIMITED

CONMoNWEALTH BANK OF AUSTRALIAOR~ NPV

INSURANCE AUSTRALIA GROUP PLC

ORICA LIMITED

MACQUARIE BANK NPV

RINKER GROUP NPV

PROMINA GROUP NPV

NATL AUSTRALIA BK NPV

QANTAS AXRWAY$ NPV

QBE INS GROUP AS1

NESFARMERS ORD NPV

HOoLNORTHS LIMITED ORB A~0.2S

TELECOM CORP OF HEN ZFJkLANDNPV

QWEST PENSION PLAN ,)/EIN 84-1339282 PLAN NUMBER: 005


$500 SCHEDULE OF INVESTMENTS AT END oF PLAN YEAR51 DECEMBER 200S

PRICEMARKET~ALU~

RUN DATE: 2G-JUL-06PACE: 71MIIO2E

UNREALIZED

UGH G000100QWEST PENSION TRUSTTOTAL PEN~IG~

SHARES/PAR VALU~

4S~IO.OO00

13~500.0000

I~000,0000

~O,IgO.O000

11~90~,0000

20,947.0000

IS9,300.0000

70~167.0000

5@~04.0000

29:B16.0000

30,500.0000

2~,0~.0000

iBq,$O0.O000

4~47~.0000

6~,169,0000

29,500.0000

&4>8~Z,00O0

$4~141.0000

5500 SCHEDULE OF INVESTMENTS AT END oF PLAN YEARSI DEcEMbER 2005

~E~RITV DESCRIPTION

TELEKOH AUSTRIA (TA) NPV

ERSTE BE DER OSTERREICHISBHENNPV

WIENERBERGER AG NPV

KBC GRGUPE NPV

~OLVAV NPV

UCB S A NPV

DEXIA NPV

FORTIS NPV

DEUTSCHE PoSTBANK AO NPV

PREMIERE AG NPV {REGISTERED)

CoMNERZBANK AG NPV

MANNOVER RUECKVERSIcHERUNS ASoRB NPV (REGD)

bEUT$CHE POST AG NPV

~HE AS (NEU) NPV ’A’

SCHERINB AS NPV

SAP AG ORB HPV

E.ON AO NPV

METRO AG ORD NPV

B,2~0,76~.64 22.411<

721,150.09 55.4975

66B,B86.9~ 39.B6B7

3,117,1S7.20 92.7716

1,310~603.97 I09+8161

1#07B~227.~6 46.80~S

~,66~,662.66 22.~776

1~946,476.7~ ~l.7BBB

Z,BZI,B96.62 57.7743

1,0S3,B~5.91 17.~573

7~7,785.SB 50.6918

915~55,8q 3B.1977

~,291~9IB,25 24,204S

3,218,47S.$3 73.7808

4,477,19d.90 66.7055

4,727~50i.25 IB0.6854

S~77~±156.0~ i03.0808

1,722,9~S.0B ~B.1256

MARKETVALUE

?,715~B7.6g

7~9,220.67

558,16~.06

3~728~490.91

1,~07,690.IB

950,4I~.7B

~,6G0,~$7,10

~,Z30,529.B2 -

$~073~B27.00

S~O~SO8.OS

936~i02.~B

B46,471,22

4,~G0,B&4.~6.

3~576,~79.26

4,280,500.2~

5,B30,162o54

6~6SB,09S.~0

1,645,057.qB

RUN DATE: 2G-JUL-06PAGE= 72Mll02E

UNREALIZED

I~4~4,B23.05

28s010.BB

110,72~.87=

611~3S3,71

2,913.79-

94~812.GB-

3~Z25.56-

264,053.08

BBI,930.SB

553>BZT.BB-

IS8~16,80

68,B84.6Z-

iGB~94G.41

357~903.9B

196~89~.64-

602#6&i.09

909,907.2~

79,887.&0~

Mellon

US~ GO00100QWEST PENSION TRUSTTOTAL PENS IQlq

SHARES/

101,102.0000

33~00.0000

2~,4~6. 0000

$7,61g.0000

12j200.0000

I6j292.0000

31,3b0. 0000

26,400.0000

46,042.0000

176)&64, D000

35j996.0000

159500.0000

242,555,0000

315 j120,0000

22j000.0000

5,901,0000

379,500.0000

QWEST PENSION PLAN ".]%



SS00 SCHEDULE OF INVESTMENTS AT END 0~ PLAN YEAR5& DECEMBER 2005


BAYER’AO 0RD NPV

6ASF A@ NFV

FRESENIU8 MEDICAL CARE Ae S COKGAA NPV

ALLIANZ AG HPV RED VINKULIERT

ALTANA AO NPU

HDENCHENER RUECKVERSICHE~UNG$Q NPV REGD

VOLKSWAGEN AG ORb NPV

DAIMLERCHRYSLER A8 ORb NPV(RESt}

M.A,N. Ao ORD HPV

SIEMENS AO HPV REG

LINDE AG NPV

DEUTSCHE BANK AO ORD NPV RE8

BAYERISCHE MOTOREN NERKE {BHN}AQ EURI

DEUTSCHE TELEKOM AO NPV (REBD)

INFINEON TECHNOLOeIES DRD NPV

DEUTSCHE BOERSE AO NPV

BCQ POPULAR ESP EUR0,10 {POSTSUBD)

cost PRICE

5A566,912.$7 ~1.6265

2,~06,144,~5 76.~286

1,559,420,73 104.9799

7,851,555.16 IS0,9116

690,018.~9 5~.4~80

I,g87~5~0.34 154.9169

1,&62,896.87 52,6197

1,264~91&.11 50.SlSO

2,554,20~.77 55.I7~I

Iq~49~,G65.59 85.5640

2,&S~,438.&7 77.5907

1,3~8j6[3,05 96,6995

I0,955,625.~4 43.7025

6,675j2S9.24 16.6080

238,629,93 9.1179

$59,982.01 102.1018

5b00B~&03.15 12.1495

MARKETv~

4,208,~0~.16

2,549,577.93

B,69S~77,03

664~26~.94

2,198,066.~I

I,&46~797.41

1,341,516.57

2,448,242.56

’ i5,080~751.62

2,657,776.56

1,479,502.47

I0,600,34~.iS

5,250,141,20

200,594.27

610,671.15

4~610~&4.02

RUN DATE: 26~JUL-0&PASE: 75HI%oZE

UNREALIZED

s~,SDz~s~

145~235.B8

471~959,18

844~0~i.6~

25,752.55-

~10jSZC.27

1a4,1o0.52

76~59S.2&

94~037,79

588,006.03

475~3~.13

121~4~9.41

1,425,1~8.0~-

38)05S.~6~

250,&89,14

392~919.15-

USW eOOOlOOQWEST PENSION TRUSTTOTAL PENSION

SHARES/PA~ VALUE

40~OLO00O

92~600.0000

198.00~.0000

266~$6~.0000

7~&~12~.0000

~80.77&.0000

17~100.0000

40.74;.0000

I0~00.0000

I~.300.0000

I01.700,0000

3.077,0000

2~>[00.0000

~9~900.0000

N7~O00,O000

~.50LO000

2~,~00.0000

5006 SCHEDULE OF INVESTMENTS AT EMG OF PLAN YEAR~1 DECEMBER 2005

ISERDRDLA SA ORD EUR5

ALTAD~S SA SER ’A’ EUR0,60(REO~}

BBVA EURO,49

REPSOL YPF SA EURI

BANCO SANTA~DER CENTRALHISPANO EURO,50 {RE$D]

TELEFONICA SA EURI

INDUSTRIA DE DISENO TEXTIL sAEUR0.1S

IHERYS EUR2

BROUPE DANONE EUR0,50

8AFRAN SA EURO.20

BDUYGUES EURI

AIR LIQUZDE (U] EURt1

VEOLIA ENVIRONMENT EUR5.0

L’OEEAL EURO.2

LAFAROE SA EUR4.00

SCHNEIDER ELEDTR~O EURB

VIVENDI SA EURS.5

C~ PRIC~

1,024,$44.39 27.23~8

4,174,015.09 45.200~

3~5~2,070.20 17.7876

6,9B8,069.$2 29.6994

~0,~02,464.65 I~.1519

B~&SB~265.04 14.9920

504,576.93 32.4966

~.61~.794.17 72.0705

942~082.62 , 10~.09S2

~7,177.3~ 23.8269

4,401,614.53 48.7154

716,694.52 l~l.G76S

955,I15.0S 4~.1059

1,510,690.84 7~+0757

~,q~G,~q.72 89,6458

2~467,~B7.29 B8.8790

715,204.7~ ~1.2108

MARKETVA~

I~097,60~.1~

4,194,593.04

3~521,947.57

7~751,029.72

10~470,&74:68

7,207,8B2.~9

$55~691.90

2~93G,~0.66

1~061.771.95

~&4~551.72

6~954,~57.71

74~,151.24

1,041~9~5.42

1,~74.107.2~

S, I09,810.60

~066,32S.&9

699~124.00

RUN DATE: 26-JUL-O6PAGEt 7~Mll02E

UNREALIZEDG~TN/LOSS

75,258.7~

20~79.05

122.G3-

761,960.40

~GB,Zl0.03

1,450,400.5~-

51~314.97

27,~74.54

~74~.I~

68,835.34

~6~$85.61-

326~5~.12-

16,0~0.7~-

Mellon

USW G000100QNEST PENSION TRUSTTOTAL PENSION

SHAgES!

i~0p9~.0000

755p715.0000

9~562.0000

172jB15.0000

2L~600.0000

2~,522.0000

10j48q,O000

29&,336.0000

~I,291.0000

193j192.0000

87j000,0000

22~I00,0000

150,000.0000

1,~2~j901,0000

IS31600,0000

711~901,0000

2e567p587,O000

1,265.6800

.......... )

QWEST PENSION PLANEIN 8441339282 PLAN NUMBER: 005


5500 SCHEDULE OF I~VESTMEHTS AT END OF PLAN YEAR~L DECEMBER 2o05


TOTAL SA EURI0NON CUSIP EFB15C551

FRANCE TELECOH EUE4

CARREFOUR EURR.5

SANOFI-AVENTIS EUR2

AOCOR EUR3

SOOlETE GENERALE EUR1.25

UNIBAIL EUR5

AXA EURR,29

ARCELOR NPV

BNP PARIBAS EUR2

CIE DE ST-BOBAIN EUR~

OPAP SA GRDI00 {CR)

BANCA INTESA SPA EUR0.52

UNICREDITO ITALIAN EURO.50

NEDIASET EUR0.52

ENI EUR1

TELECOH ITALIA OI RISP EUR0.55

~UILHE$ INDL QUINSA ~OCIETE ~PADR CL

RUN DATE~ 26-JUL-0~PAGE: 7SHI10RE

USN G000100QHEST PENSION TRUSTTOTAL PENSION

SHARES/PAR VALUE

17,~00.0000

~57~81.0000

~$~,5~5.0000

4~9~2.0000

875~4.0000

59~23.0000

I05~48~.0000

17~3BI.0000

16~700.0000

71,q6B.0000

I08~&I~.0000

151~58~.0000

726~962.0000

199~129.0000

30~907.0000

20~q2.0000

96~G12.0000

59,800.0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEARSI DECEMBER 2005


NUMICG (KoN] NV EUR0.R5

ROYAL DUTCH SHELL A SH$EUR0.07

REED ELSEVIER NV EUR0.06

VNU NV EUROO.20

ABN AHRO HL~B~ NV EUR0.E6

AKZO NOBEL Nv EUR2

TNT NV EUR0.~8

UN~LEVER NV CVA NLGI.12

HOLTER~ KLUNERS eVA EUR0.12

CSM NV CVA PART EXCH EUR0.2~

AEGON NV EUR0.12

ASML HLDO NV EUR0.02

KON~NKLIJKE KPN NV EUR0.2q

KOHIHKLIJKE PHILIPS ELECTRONIC "NV EUR0.20

INe GROEP N.V. CVA EUR0.24

FORTIS GROUP NPV

HEINEKEN Nv EUR1.60

PORTUGAL TELECOH SOPS SA EURIEURI.3 REOI

P~ICE

41.2606

~0.4087

13,9186

~3.0391

2&.0562

~.1795

31.1~01

6B.2~&9

20.14G7

27.i650

i~,21~8

19.9~45

9.9907

$0.9631

3~.560B

~l.71B1

31.5885

10.0B51

MARKETVALUE

717,935.~7

15,911~4~7,70

4,711,9G$.72

1~517~556,~3

22, B15~401.67

2,7~9,~99.51

3~284~7~4.~2

ii,999~2~0.6~

3,39~m750.65

1~9~1,q30.83

1~761~573.8B

2~625,047,<~

7~262,925.59

6,165,668.55

10,675,077.68

6~90~55.~I

~,051,~15.57

603~092,12

RUN DATE: Z0-JUL-OGPAGE= 76HI102E

UNREALIZED

~1,$B7.75-

701~153o34

90,469.74

159,526.22

10,61~.15

211~760.34

~12,561.61

11~908,78

2~2~025.15-

284~0~7,92

5q9~6~.21

$~8,569.00

881,06~.78

I,$51~397.70

807~021.$1

194,999.03-

I$~,5B4.EB-

MellonQWEST PENSION PLAN ’~"



SS0O SCHEDULE OF INUEST~IENTS AT END OF PLAN YEAR31 DEC~NBER 200~

~.F..C~JRITY DESCRIPTION

SYNTHES. I~C CHF0.00ICPoITSUBD}

SWISSCOM AG CHFI,O0

GEBERIT CHF1 CREO D]

OlVAUDAN AQ CHFIO

ZURICH FINANCIAL SERVICESCHF2.5

NOVARTIS AG CHF0lS0 (REGD]

ROCHE HLOO AO OENUSSCHEIHE NPV

ADECCO SA CHFI {REDO)

HOLCIM CHF2 (REGD)

ACTELIOH INC CHF2,50COM

NESTLE SA CHFI

UB~ A@ CHF0.80 (REGD]

DOMPAGNIE FINANCIERE RICHEMONTAG ’A" CHFI (BR~ EQUITY UNIT

STRAUMANN HLDG CHFO.3 (REGDI

CREOIT SUZSSE GROUP CHF0.5000

SWISS REINSURANCE CHF0,1CREGD]

RUN DATE: 25-JUL-06PAGE: 77MIIO2E

MARKET UNREALIZEDcoST PRICE V~

664~91B.15 III,9921 &66~i13.21 ~01.~4-

I~S9~850.14 314,693Z 1,27~,878.~7 32~,971.77~

65B~059,08 789.I0q2 724j397,74 66,33B~S&

R, 63~32~.07 212.4511 ~355,241.1Q 7~1,917.0%

22,775,943.65 S2.5919 2~)820,577,100 I~0~435.~5

12~I00,G59.23 149,.7021 15.585~1~5.3B ~,28q~55~,15

7,1Z4,BS~.31 45,9805 6~517~G~3,92 607,21~.~9-

1~,76B,221.61 67.908~ I~,SO~,71S.~5 1,8~6,4~I.77

1,726,101.77 82,~765 1,588~G55o07 357,<4~.70-

25~939~313.7~ 278.1903 27eI0~$12o01 5~16~,998.B5

IZ,7G2~IBS.50 94.9201 1~q54,[email protected] 1,692~92.27

3~056)027.18 ~3.q007 $,9~,~21,57 928,59<,$9

1,652,178.40 231,0~06 1m609~891,12 ~2,2~7.28-

11~08B~239.~ 50.B~65 13,~42~755.52 2,$S~515.55

B~032,~71.58 72,7921 B,Rg~m652.58 2~<~I~0.B0

USN O000100QNEST pENSION TRUSTTOTAL PENSION

SHARES/PA~ WLU~

227~&.0000

~6~,31110000

222~S07.0000

~86)G19.0000

S~S,72~.0000

141,75G.OOOO

~56~2&.0000

29S,~21.0~00

310~609,0000

327,300~0000

I1&,49~.0000

I~0~72.0000

27q~591.0000

2~&~lO0.O000

56~,01~.0000

57~,gI~.0000

~E00 SCHEDULE OF INVESTMENT~ AT END OF PLAN YEAR31 DECEMBER 2005

SECURiTy DESCRXPT~OHT GARANTI BANKAS~ TRYI

WPP GROUP ORB ~BP0.1O

OUS ORD OBP0,290G$7(POST CONSOLIDATION]

CENTRICA ORB GBP0,06172B395

INTERCONTINENTAL HOTELS GROUPDRD GBPO.IO

BUNZL ORD GBP0,]214857

NATIONAL GRID PLC NEW BEDGSPO.11~S5

RENTORIL INITIAL ORD GBP0.01

BHP BILLITON PLC USD0.~0

ARM HOLDINGS ORB G~P0.0005

BAA ORB GBP1

COLLINS STEWART TULLET PLO ORD~BP0.2~

BALFOUR BEAT]~" ORD OBPO.50

BOC GROUP ORD 2~P

BRITISH LAND ORB 25P

TAYLOR NELSON SOFRES ORD SP

OIAOEO ORB 28 IOl/IO@P

o.~

634~ 070,5~

5~ 0~1,S13.18

4mSBS,677.02

4~78&~ 05~.42

1,15G,~S7.B6

&.. 329 j :::’96.22

8$8~OO&l&O

5~677~1.63

69~36~.51

1~252~770.16

g~$,960o77

78g,~ig,Ig

5, ZdS, BOG. 05

4>I~9, g&8.67

~3~I~ 060,~8

3.82S&

i0,798~

17,7168

~.37~

14.4121

10,9528

9,7597

2.~06S

1G.300~

2,0772

1O,I&~0

10.2I~6

6.1116

20.5666

18.~o05

5lOEB3

14.~636

MARKETVALU~

~24~954.79

S~013,~60.SS

5~g~Z±125.~6

4~31~99,B~

~,982,&00.07

82~,213,I~

5,063~09~,83

GI?~BE9.65

I,I~9~926.~6

797~3~&.E9

5~G~7~421.11

~503~76G.59

1~606mS02.31

5~q22~GIS.l$

RUN DATE: 2GIJUL-06PA~E: ZBMII02E

UNREALIZED~/LOSS

190#B8~,2S

13S~795.37-

860,612,18

70,777.1~

196~541.65

396,1~G,97

2~029,[email protected]

8,Ig~.qS-

I~385,763,~0

k~,473,86~

51,968,$5=

245,765.G9

7~716.80

~5~797.92

147,797.9~-

61,572.6~

Mellon

USH G000I00QWEST PENS~0~ TRUSTTOTAL PENSr0N

SHARES/

215~000.0a00

200~015,000Q

225,75S,0000

$04j400.0000

2,151)542,0000

331,887,0000

76,000.0000

47~700.0000

309,~59.0000

60,100,0000

173,100.0000

1,482,544.0000

804,091,0000

76,000.0000

307,809.0000

561,655.0000

18~500.0000

16j45~,701o0000

...... ,,,)

QwEsT PENSION PLANEIN 84-1339282 PLAN NUMBER: 005


85o0 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR]1 DECEMBER 2005

@ECU~ITY DE~

SCHRODERS PLG NEW NON VT@ ORDGBPI

BRITISH AMERICAN TOBACCO ORDGBP0.~5

GALLAHER GROUP ORB 10P

STANDARD CHARTERED ORB USO0.50

HAYS ORB IP

IMPERIAL TOBACCO GROUP ORO 10P

JOHNSTON PRESS ORB 10P

ANGLO AMERICAN PLC USD0.SO

LADBROKES PLC ORB GBPIO

HSBC HLDGS ORD USD0,S0 {UK]

UNILEVER 0RD 1.4P

MORRISGN (R) SUPMK? ORB 10P

CADBURV SDHWEPPEB ORB 12.5P

PEARSON ORB 25P

SCOTTISH PHR ORB GBP 0.50

PRUDENTIAL PLC GBP0.05

RIO TINTO ORD DBP0.10

VODAFONE GROUP PLC ORB USD0.10

COST PRIC£2~908,024.54 1S.3649

3,489,001,$4 22.$177

~,434~gBg.B7 15.0644

$,538~450.60 22.2319

4m912,220.04 2.1545

9,104,563.95 t29.8199

790j345.21 7.9§14

1~128,256,12 $5,9744

1,864 ~49.09 &.2403

lj014t242,87 1&.0172

1~719,5~2.55 9.8970

5,885,705.08 5.3219

7,7~8j398,22 9.4335

917.059.33 ll.BO26

2~TS0j~BZ.13 ?.~05

4,896a411.78 9.4421

7003286,23 45.5797

44~055~799,25 ~,1545

MARKET

~303)456,19

4~A63,0B4.77

~,400~927.10

6,767~]94.16

4#6~5~542.96

9~B96~3B2.92

6~7~$51.82

1~620~82,82

1~g31~14~.70

952~638.$8

I~7~Z,~75.86

4,924~879.~9

7,592~972.46

897.001.68

~872802~.04

5,$05~006.26

343~224,68

35~449,~48,45

RUN BATE: 26~JUL-06PAGE= 79MII02E

UNREALIZED

39~,4~1.6S

974~083.23

~4}062.71-

276.677.08-

792,288.90

183,493,39~

492,326.70

66,594,61

51~604,49-

13~443o~3

960~8Z~.49-

145,425,76-

20~057.45-

121,640.91

4o8,p~4,~8

142,941.45

8,605,950.80-

USW G000100QHEST PENSION TRUSTTOTAL PENSION

~HARES/

175~286.0ooo

1,109,555.0000

89&~B~.O000

157,589.0000

1~811,338.0000

I$O~lO0.OO00

~67~920.0000

2~206~104.0000

395,33~.0000

610,ZIG.0000

526~59~.0000

245~200.0000

17B~194.0000

55,100,0000

900~700.0000

IS, G00.0000

1~52~,~20.0000


SECURITy’ DESCRIPT~

REGKITT BENCKISER ORBGBP0.105265

REED ELSEVIER PLC GBPO.12S

ROYAL BANK OF SCOTLAND GRP ORD2~P

SCOTTISH & SOUTHN ENERGY ORB50P

BP PLG ORB UBD.2~

LLOYDS TSB GROUP ORB 25P

BG GROUP PLG ORO GBPO;10

TEBCO ORB 5P

SMITH ~ NEPHEH ORD USD0.0020

GLAXOSMITHKLINE ORB GBP0.25

NOLSELEY l ORB 25P

HBO$ ORB GBP0.25

BK OF IRELAND ORD STK EUR0.64

BRAMBLES INDUSTRIES {UK} ORBGBPO.O~

TI AUTOMOTIVE A SHB GBP0.0001

CARNIVAL PLC ORB USDI.66

BARCLAYS ORB CBP0.25

COST ~ICE5,347,993.65 32.9616

i0~251~7~5.10 9.~7~

2~501~940.19 50.1289

2,677,477.22 17.4078

17,97B,$69.gB 10.6266

1~18~08.90 8,3863

3~859,837.64 9.8627

13,~75,982.91 5.6910

3~933~B~,BS 9.1931

14,344~95~.86 25.2170

9,937,753.05 21,0301

3~938~385.24 17,047~

2~947,~98.07 15,6880

311,491.58 7.1SB8

0.00 0.0000

710,724.62 56.6~27

i~,995~&14.03 I0.4893

MARKETVALU~

I0~400~366.86

27~00S~645.61

2,74~,284.89

1,091,060,72

~601,240.91

12,~B4,995.77

3,615,978.27

1~,389,122,83

11~011,305.15

4,180,004.70

2,79~510.14

380~134,80

0.00

770,477,40

16~001~701+77

RUN DATE: 26-JULy06PAGE: 8~MI102E

UNREALIZED

429,713.37

148,620.76

2,496,296.58-

6B,787.67

1,270,143.90

94J~48.18~

1,741)403.27

720,9B7.14~

~10,011.61-

1,044,169,97

I~073~632.10

241,621.46

152,107.93=

68~643.22

O,00

5~,75Z.78

9~4,~12.26-

Mellon

USW GO00100q~EST PENSXQ~ TRUSTTOTAL PENSIOH

~HARESI

&5~000.OOOO

78,91~,0000

405.~&9,0000

280,66L0000

7~,784.0000

~iIw385.0000

13,532,611,2010

110~009.0000

100.L73o0000

225,000.0000

80,000.0000

$6b000.0000

626~00L0000

275.B00.0000

78~00Q.0000

214w000,0000

O.WEST PENSION PLAN ,#E[N 8441339282 PLAN NUMBER: 005


5500 SCHEDULE OF INVE@TMENT@ AT END OF PLAN YEAR51 DECEMBER Z005

SECU - I TIO

YELL GROUP ORD GBP0+01

BURBERRY GROUP ORD GBP0.U005

ROLLS ROYCE GROUP ORg GBPO.2@

MESA EL~cTR;CALS 0No CBP0,23

KINGFISHER ORD GBP0.157142857

HANSON PLC GBPO,10

ITV ORD GBPO,1O

ROLLE ROYCE GROUP ’8’ SHS

HON HAI PRECISION GDRCREP 2SHS TNDIO)REG’~

BK OF IRELAND 0NO STK RUE0.64

CRH ORD EUR0.32 OUBLIN LIST

A~USTEK COMPUTER INS TWD10

TAINAN FERTILIZER CO TWO10

DELTA ELECTRONIC TW $10

AU OPTRONIOS CORP TNDX0

KING YUAN ELECTRONICS CO TND10

GIANT MANUFACTURING CO TH~10

LITE-oN XT CDRP TW810

5&$,~2~.08 9.2103

~69~818.30 7,5777

I~g49,601,~0 7.5391

11522,247.70 4.~635

9,05Zj992.31 4.0729

8SDaS7B.T2 10,9700

B$1,ZBS~5~ 1.9315

1z,170,90 0.0017

867j5~i,i~ 11.50@0

6±~92,072.49 I5.6860

2,720~&80.95 29.5118

600m759,~ 5.07~2

10T~615,65 X.IG~

180,755.~ 2.0491

~56~500.~S 1.4919

202,969.88 1.09~6

l$3,58Z.~E 1.9354

291~29&.18 1.3092

gAEKETVALU~

598,673,64

582,i91.68

2~975,780.08

1,2S2,762.2~

6~51~583.59

864,263,0~

79~525.8&

23,@IZ,gl

1,265,103,50

6~026~&92.16

2~956~252.70

685,777.75

95~170.54

196~717.71

933~5~.52

208~826.23

150,808.5~

280~181.~7

RUN BATE~ 25-JUL-06PAGE: 81MZ102E

UNREALIZED

35~2~,56

I12,~7~,38

1~026~178.~8

2,53~,40~,72~

~68~.32

$6=757.67-

597~5&~,56

~65,580.5~-

215~571,75

55:035.30

14,~B,09-

I~,962.$6

77,[email protected]

95~6,85

17,~25.97

iIjI14.71~

UGH G000100qNEST PENStOH TRUSTTOTAL PENSION

~HAREs/PAR VALU~

i10,~00.0000

~2~000.0000

170~Z94.0000

&~Z,000.0000

57,400.0000

7~,~00.0000

I~,491,0000

I~080~@00,0000

19~500.00U0

0@[email protected]

3~5,0o0.0000

~000.0000

688~00.0000

~28,000.0000

S&2. O00,OOO0

5GI~500.0000

239~000.0000

5500 ~CHEDULE OF INVESTHENT~ AT END OF PLAN YEAR51 DECEHBER Z005

~.ECURI~Y BESCRIPTI~j~

FAR EA~TONE TELECOH TNOI0

CHI MEI OPTOELECTR THD10

POU CHEN TH$10

YU~NTA CORE PACIFIC ~EC THD1O

CHIC FINANCE & SECURITIES COTHBHIO(ALIEN MARKET

FINANCE ONE TH~HI0[ALIEN HARKE

INVESTMENT COMPANY OF CHINA

CNOOC LTD HKD0.02

cHiNA NETCOM GROUP CORP (HUNGKONG} tOM 3TK USDO.Oq

HUTCHISON TELECOMMUNICATIONSINTL HMD0.25 oRD SHS

HANG LUNG PROPERTIES LTD

HUAPIN POWER INTL CO SHS CNYI

HSBC HLDG~ UsD0oSo MONGKONSREG

CHINA UNICOH HKD0,10

LI & FUNS HKD0.O25

ESPRIT HLDGS GR~ HK$0.10

HANG LUNG GROUP LTB

cost

557,963.8B

125,216.55

0.00

0.00

687,847,07

26G,00~.2~

95~5~8.07

SIT, 19d.B0

90~0~.69

II,73~977.61

271~485.~&

9~7~186,9~

3~952~96.&7

~25~555.~8

PalC~

1.1511

1.4797

0.654~

0.6957

0.0000

0.0000

5.9300

0.&771

1.61@G

l.~qq5

1.560S

0.2555

16.0571

0.@125

1.9281

7.10~q

2,1~18

MARKETvA~

12~,42~,29

6&B~BS~.B5

Ill,479.~

~GO,B76.07

0.00

0.00

76,599.65

751~277.95

~15,201.G9

522~792.70

&O:I85.ZI

iI~053~7~9.57

256)510.18

1,085,619.75

B~990,256.08

507~06~.51

RUN ~ATE: 2G-JUL-06PAGE: 82HIIOEE

UNREALIZED

13,163.20~

1L0,5~0.97

13~7~7,06-

48~09~.97

0.00

0.00

0.00

q7,195,40

~85~595,05

5~B97.99

I0)I18,~8-

681,228,04-

4,975.~0-

I56,4~2.8~

57,759.21

81~709.~

Mellon

USN G0oolO0QWEST PENSioN TRUSTTOTAL PENSION

SHARES/

318,000.0000

7S3j000.0000

332,000.0000

$6~500.0000

242,000,0000

68.9800

683.4800

68.0000

35.0000

1~60.0000

6~j~00.0000

iZ, O00.O000

1717700.0000

2~00.O0OO

Ij435.0000

57,508.0000

QWEST PENSION PLAN~EIN 84-1339282 PLAN NUMBER: 005


5S00 SCHEOULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEHBER 2005

~.~P~ITY DESCRIPTION COST PRICE

HONG KONG ~ CHINA OAS HK $0.25 650,B52.iI 2.13~

PCCW LIMITED HKD0.2S ~78j663.56 0.61~B

YUE YUEN IN~L HLD~ HKDO.25 B~B,4IB.2~ 2.7922

WEIQIAQ TEXTILE CO ’H’CHYI I15~022,54 1.3871

SUN HUNG KAI PROPERTIES 2,400,$15.00 9.7374HK$0.~0

TATA MOTORS LTD 801.59 14.5078INRI0 [DEMAT)

HOUSING DEV FIN CORP INRI8 12,0~S.41 26.8162DEMAT

TELCO FOB 7POT RAPP DEMAT O.0O O,0000

TELCO NOD IIPCT RAPP DEMAT 0.0O 0.0008

RELIANCE INgS LTD GLOBAL DEP $20,759.03 39.3100144A

DAIIDHI $ANKYO COMPANY LIMITED I,$45,291.34 19.2747NFV

AIFUL CORE JPYS0 1,397,~87,51 SB,4~3

ASAHI BREWERIES NPV 2,0?2~SBg.Sg 12.191B

ASATSU-DK INC YS0 827,76~.73 31,7715

YAHOO JAPAN CORP JPYS0000 1,&70,818.93 1,516,5855

TREND MICRO INC JPY50 1,278,271,~9 57.7870

MARKETVALU~

678,772.9~

927,055.~2

118~255,51

2~3S8,4~8.~7

1,O00.TS

18,326.58

0.00

0.00

7~1~041.60

1,318,~93.~9

I,.~18,707,0&

2,093~33~,88

934~08~,55

2~176,268,68

1,417,012.58

RUN DATE; 28-JUL-06PAGE: 85MII0~E

UNREALIZEO

i~,9~0.92-

3,~2,97

43,846.03-

Igg.18

8,~82.97

0,00

0.O0

I~0,282.57

22&,BgT.TS-

21,299.~5

795.09

I08,$$9o80

705~g,7~

138,7~0.89

USW G00010OQWEST PENSION TRUSTTOTAL PENSION

SHARES/

~367,0080

l~9~OOO.O000

I~000.0008

2~9s~00.0000

495.0000

~.000O

107~OOO.O008

310,000,0000

~78.0000

319.0000

1~S~9.0000

lOIj~O0.O000

65~200.0000

6g~OO8.OOO0

~,600.0000

I~8~900.0000

187,200.0000


SECURITY DESCRIPTLqH COST ~.~

NTT DOCOMO INC NPV 7,B~4,805.5~ I,SSS. O359

BRIDGESTONE CO Y~0 2,526,89S.91 Z0.7997

FUNAI ELECTRIC CO NPV 1~733~88.57 110.5651

CANON INC NPV 14,00~,&~I.42 $8.4597

CENTRAL JAPAN RY Y5000 3~697,30S.4S 9~575.8368

KDOI GORP YSO00 1,058,2Z7.07 5,761.2469

DAIKIN INDUSTRIES YS0 3,090,8~5.~2 ~9.22~S

DAI NIPPON PRINTING CO YS0 ~,972,669.~g 17.7920

LAWSON INC JPYS0 lx797~4B~.~8 41,1759

. EAsT JAPAN RAILWAY CO YS0000 2~Eg~,ES9.B5 6,871.1B42

NIPPON PAPER GRP INC JPYB0000 I~421~818.20 ~,g9~,98~I

MITSUBISHI UFJ FINANCIAL GROUP 12,098~966.~5 13,5S5.87S2NPV

FUJ~ PHOTO FILM LTD ORO Y$0 3,692,4~$.0~ ~5.0<2~

FANUC O0 YS0 ~,~SS,868.S& 84.808?

HANKYU HoLglNS$ INO YSO 38E~09~.57 6,4983

HIROsE ELEcTRoNIcS 2,8~2,217.27 133.2711

HONDA MOTOR CO NPV 7~789~543,41 57.019~

HOYA CORP NPV 4,736,256.g& 35.9230

MARKETVALUE

6~659,832,03

2,&83~173.69

1,547,911,~8

4~7~9,049.25

1~284,758.07

3,127,59~.58

5,51S,546.72

2,005,269.78

3,2S4,401.17

I~27~,G78.$4

3~47,199.78

S,~sg,g25.28

448,585.99

8~011,929,08

8~490,188.&7

S~006,8~7.18

RUN DATEr 2~-JUL-O~PAGE= S4Mll02E

UNREALIZED

1,17~,973.S1-

IE6,77;.78

185,~77.07-

1,188,817.82

1,0~I,743.80

226~$30~98

38,738.66

5~2,877.33

207~810,~0

690,8~2,32

1,237,056.72

&3,291.42

~&9~711.8I

700x~4~.2~

1~270~080.22

Mellon

USN GOQOIQOQNEST pENSION TRUSTTOTAL PENSION

SHARES/

85.0Q00

179~100~0000

290.400.0000

~93~600.0000

256800.0000

100.0000

izll6.OOOO

103o000.0000

170.0000

78,300.0000

340~000.0000

~47~B00,0000

727pOGO.O000

I08.000.0000

39,400.0000

50, O00.O~bO

12p700.0000

l&~300.O000

283s000.0000

QWEST PENSION PLAN JEIN 84-1339282 PLAN NUMBER: 005


5SOQ SCHEDULE OF INVESTMENTS AT EMD 0F PLAN YEAR$I ~ECEMBEE 2005

.~S.~R~TY DSSCRTPT[SN ~

JAPAN TOBACCO INC YSO000 1,20~,861.21 14,57~.5658

AEON CO LTD NPV I~040~1~4,89 25,~172

KANSAI ELEC POWER YS00 5,916,9E$.~2 21.4775

KAO CORP YSO 12,558,494.09 26°7728

KYOCERA CORP YS0 i~973,727.&2 7Z.6628

MILLEA HOLDINSS IN NPU I~4832361.12 17jlgY.0166

SUMITOMO MITSUI GR NPV &,003,7~I.57 I0~590.$275

HATSUSHITA ELEC INDL SO YS0 i,&3~,~I0.II 19.27~7

MIZUHS FINL GP NPV 830j~67.66 7~950.1869

CREDIT SAISON Co Y50 2,925,679,64 49.902S

MITSUBISHI ESTATE CO YS0 ~,981:653,23 20.757~

MITSUBISHI CORP NPV 5~839,1~9.93 22.1130

MITSUBISHI ELECTRIO CORP YSO ~,867195S.55 7.074~

HITSUI FUDOSAN CS YSO I~239,127.49 20.2914

MURATA MANUFAOTURIN~ C0 YS0 2,202,140.15 6~.0515

N.O.K. SPARK PLU~ C0 YS0 679.225.8~ 21.~0~

NEC ELECTRONIC~ CP NPV s00~500,~o $2.7882

NINTENDO CS 1,853,~97.19 120o7820

NIKKO CO~IAL CORP NPV 2~787,332.92 15.8254

MARKETv~

I~258,668,I0

6,237,092.07

13,268~&26.20

l~87%8G0.99

1,71g,901.67

11,819~028.63

1~98~300.29

S,907,~70.88

7~057,527,53

9,902~210,99

S~l~14i,~l

2,52~,62~.51

1,080,2~$.81

416,411,07

1~967,931.82

~162~865.37

~UN DATE: 26-JUL-06PAGE: 85HII02E

UNREALIZED._~ZN/LOS~

S3~80G,89

1~512,087.~5

~20~128.65

9S,SG6.G$-

2~6,540.55

5~81S,287,32

~50,890.I8

517~754°15

981,691.24

~075,874.50

4,06~061o06

1,275,18&°05

952,349.18

321~489.3&

401~007.98

184,097,41-

I14,4~.68

1,5751082.45

USN G0O0100qNEST PENSION TRUSTTOTAL PENSION

SHARES/

684,600.0000

~0,200.0000

57~,0000

154~900.0000

S9~800.0000

199~600,0000

79,0~0.0000

510.700.0000

lol~TO0,O000

46,200.0000

174~000.0000

85,000.0000

13,480,0000

587~000.0000

780m000.0000

58;000.0000

16,260,0000

77~600+0000

44~00.0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR¯ 81 DECEMBER 2005


NEC CORP NPV

NI~EC COEP YS0

NIPPON TEL & TEL cORP YS0000

NITTO DENKO OORP YS0

NOR CORPORATION YB0

NIPPON STEEL GORP NPV

HIP~ON ELECTRIC ~LAS~ YS0

NISSAN MOTOR Co YS0

NOHURA HoLdING NPV

ORIENTAL LAND CO JPYSO

NTN CORP YSO

oBAYASHI CORP Y50

ORIX CORP Y50

OSAKA GAS CO Y~0

SHINSEI DK NPV

RIGOH Y50

T~ HOLDINGS INC NPV

ROHH CO YS0

SMC YSO

COST

4,058,59Go18 6.2187

2,406,362.23 8~.9783

2,548;~11.84 4,~41.2151

8~770,0S9.61 77.8615

I~5~1~&97°19 27.1117

722,445.30 3.5584

1,184~861.16 21.8164

~508~814.25 10°I245

1,275,084,93 19,1476

3,18~m710.50 5~,4776

940,131.2~ 7.8962

603,517,05 7.3625

1,881,185.75 284.59&2

2,148,�&2.76 5.4482

d,403)293.55 5.7781

1,087,869.97 17.~955

777,056.71 ~6.25~5

7,868,157.43 108.7oll

5,118,521.29 142.760~

MARKETVALU~

4,129,255.14

8,416,1~1.38

2,606,65~,2~

12,0~0,753.$6

I~21,282.67

708,125o0~

1,72~s~02,45

5,170~604.77

I,g47,818,42

2~516,868.~I

1,573,935,73"

625~815.45

~,4~i,957.87

2,868,965.44

~,506,989.61

I~014~741.98

1,076,6~3,03

8~$5,211.I2

6,567~I0?.85

RUN DATE: 2&~JUL-06PAGE= 86Mll02E

UNREALIZED

70,6~’.01

1,009,769.15

57,747.41

~,290~655o75

69~588.48

14,~20.27-

5~9,161.29

388~209.48~

672m23~.49

646~841.99-

433~824.49

22~298.40

1,600,772°12

220,502.68

I03~69(.08

73~I27.gg-

29g,57G.32

567~053.6~

1,2~8~588.56

Mellon

USW 60oolooQ~EST PENSION TRUSTTOTAL PENsioN

~;HARE$/

251., 7QO, gO00

~I~EO0.O000

22~ 000, 0000

a~.70O. 0000

IS6, 600. 0000

45,000.0000

6& Or 000. 0000

2~:0, 000,0000

162~2g0. 0000

8,500.0000

222~ 690. 0000

ZE~ 200,0000

15;000,0000

60,050°0000

2~,900,0000

1=74~j 000.0000 ¯

~0~I00.0000

l~j 000 ¯ 0000

%QWEST PENSION PLAN )



5500 SCHEDULE OF INVESTMENTS AT ENb oF PLAN YEAR31 OEOEMSER 200S

~,.C~JRITY DESCRIPTI~

SOFTBANK CORPORATION JPVEO

SEcOH GO Y50

SEKISUI HOUSE NPV

SHIMANURA YS0

SHIN=ETSU CHENTCALB CO NPV

SUHITOMO REALTY a DEV CO NPV

SUMITONO CORP Y50

SUHITOHO TRUST ~ BKG CO YSO

SUZUKI MOTOR CO YSO

TDK CORP

MITSUI SUMITOMO ~NSURANCE YS0

TAKEDA PHARMACEUTICAL CO LTDNPV

ADVANTEST 950

TAKEFUJI JFYEO

TOKYO ELECTRIC PNR CO YEoo

TOKYO GAS CO NPV

TOKYO ELECTRON YS0

TOKYO CORP Y50

cost

3j937±5~E.gS 42,1926

2,119±~22.$7 52.2745

Z~565,145.11 12.57~0

S35j073,70 158,2699

5,529~797,79 E3,1220

707,008.50 21.7317

5~6~Z,775.~ 12.9204

1,65~175.90 10.2092

2,96~)195.20 18.5122

596~596.53 68,8807

2~06S,~91.56 i2.2257

1~168,265.?I 54.05~0

1,125~95.~7 100.7570

~062,964,92 67.5641

725,100,41 24.2734

7,OI4, S~7.GZ ~.~E95

5,076~879.78 62.7806

951~491.06 7.0GGO

MARKETVALUE

~0,61g,592.91

2,69Z, i54,45

2~a03,79~.56

1,20Z,)48,57

7,25~76.9~

~77,929.$I

S,527=492.74

2~5~S~I~I.76

$~002~685.66

58~486.72

2,722~5~2,24

1~254,05~,01

I)~09,582,27

~,075,851.9~

’701~50~.85

7~742~573.~7

I,I16~427.99

RUH OAT~: 26-JUL-O6PAGE= 87MllozE

UNREALIZED

6,6~2~556.9&

572~832.08

238,650.45

567.~74,&7

1,72G~679,1E

270,921.01

2,89~716.9~

69~,957.~6

11~110,11-

6~,790.I0

184,0~8,80

lOt?ll,OR

23,59G.58~

727,926.06

68)~50.64

18~,9S8.93

i--1

UEN ~6oolooqNEST PENSION TRUSTTOTAL PENsIdN

~HARE$/

IZ~OO.O000

Eq,700.O000

18~Z00.0000

2~ZO0,O000

125~Z00.0000

25S~500.0000

152,000.0q00

279,~0.0000

17,500,0000

15~Ggo.oooo

2,Z82.0000

I~ZO0.OO00

5,160.0000

7~6~0,0000

2~160.0000

9~$72,0000

17~822.0000

5~0,500+0000

5500 SCHEDULE OF INVE~TMENT~ AT END OF PLAN YEAR31 DECEMBER 2005

~ECURIT~:DESCRIRT~.~

UNI-~4ARM CORP NPV

USHIO ELECTRIc YSO

YAMAHA DENKI CO YSO

ASTELLAs PHARMA INO VSO

YAMATO HOLDIN~ Oo LTD NPV

SoHPO JAPAN INSURANCE INC

VOKOGA~A ELECTRIC CORP YEO

BANK OF YOKOHAMA YEO

KOREAN REINSURANCE KRHSOO

LG PHILIPS LCD KRN5000

SK TELECOM KRHSO0

KOOKMIH BAHK KRW5000

HYUNOAI MOBI~ KRHSO00

LG ELECTRONICS INC KR~5000

HYUNDAI DEPT STORE KRWSoOo

SAM~UNG ELECTRS KSHNSO00

~AH~UNO ELECTRONICS Co GDR(l~A)

INDOSAT IDRIO0

RUN DATE: 26-JUL-O~PAGE~ 88HIIOZE

MARKET UNREALIZED

5~2~OOl,ZS ~4,905& 552~517.19 10,515,9~

701,559.95 25,5415 809~950.83 I08~610.8~

795,~07.15 125.0529 2,275, g&3.&7 I~402,558,54

9,331,521.79 58.9731 ~,~78,267.95 1~6~7~6,16

l~550~ssg.so 16.$720 2,076~821,59 225,981.79

2,610,745.82 15.5155 S~422~972.57 604~Z27,05

I~7~7,525.S5 17,0295 2,247,905.01 460~577.~&

1,728~821.84 8.~75~ 2,281,072.54 552~250.70

110~79o~ I0.~062 183~505.84 73,129.S0

682~85.07 42.4389 6~2,828.0E 20,057.06-

410,974.57 17~.0571 ~08~608.41 2±$65.96-

479,902.4Z 75.GTS8 929~556,27 ~49~35.85

~12,371,17 91,4081 471,666.20 59,295,03

689,S28.]~ 85.3~1~ 675,812.12 15~516,2Z-

11~,5~,13 8~,6~11 182,911,~$ ~5,327.20

4,078,522.4~ 651,9262 6,i09~85~.2S 2,051,550,50

5~92S,~80.71 529,5000 5,872~5~9.00 I~9~5,8~8.29

488,25~,4& 0.5640 465,~22,1~ 19,BSI,Z8-

Mellon

USH 0000100QNEST PENSION TRUSTTOTAL PENSION

$HAREE/

910,000.0000

29~000.0000

Ij492,500.0000

I~IS6:701.0000

75,000. 0000

71#000.0000

51,219. 0020

230,000. 000O

3StCO0.OOOO

I~7,~00.0000

7, B00.9000

1,547.9~90

162,637.0000

10,600.0000

15.900.0000

20~ 000.0000

6)600.0000

25,600°0006

QWEST PENSION PLANElM 84-1339282 PLAN NUMBER: 005

SCHEDULE H, L[NE 4h SCHEDULE OF ASSETS(HELD AT END OF YEAR)

5500 SCHEDULE OF INVESTMENTS AT ENB OF PLAN YEARtl DECEMBER 2005

IMDOFOODS SUKBE$ H IDRI00

BK DANAHSH IBP, S(~606

I)K RAKYAT lORE00

SINGAPORE TELECOMMUNICATIONSSGD0.15 (POST RE-ORGANIZATION)

bS$ HLDGS $GDI

JARBINE CYCLE & CARRIAGE LTD

HCL LAND LIMITED SGDI

UNITED SVERSEAS BANK SG$1

TAN JUNO GBP0.07S [NALAY CENTS)

AMMB HOLDINGS I~HB MYR1

GLOBE TELECGM IN PHPE0

PAKISTAN ST 0IL ORB PKEPI0

BANK HAPOALIM B.H. ILSl

ACCENTUEE LTD ]EERMUDA CL A

COOPER INDUSTRIE~ LTBCL A

~,EAGATE TECHNOLOGY

TRANSOCEAN INc

NEAI=HERFORI} INTERNATIONAL LTDBERMUDA

COST

101,241,79

167,~7~.08

~72,95S.73

1j686,442.29

671,133.60

452~$60.69

51~494.50

1,98S,305.~1

130,765.54

II0~216.60

i15,12~.19

7~469.75

6~3j688,89

254~040.63

1,144,045.11

512,8~I.40

27S~454.41

661,770.04

MARKETVALUE

141,~7,9~

458,B22.~4

1,815,605.97

’744~226.61

473,959,59

52,980.92

2~019,48E.21

13~,277.02

92~743.22

IOS~09B.43

10,792.50

75~,292.77

~11~796.06

I=233~700.00

399~800,00

459,954.00

953~g~0.00

UNREALIZEG

26~03~.09~

85,866o61

129,16~.68

73,0~3.01

21,E98.9~

B4.181.90

~,511.45

17,47~,~B-

7,024,76-

5,522,77

121,603,88

57~755.$7

S9~654,~9

86,906.60

161~499.59

272~189o96

U3N 6000100q~EsT PENS~O~ TRUSTTOTAL PENSION

sHARES/P~ VA~UE

11,100,0000

40,300.0000

94~926.0000

6~4,277.0000

147,713.0000

49~ 0~2,0000

72,244.006O

109,600.0000

d9,999,0000

25,270.~00~

~7,864.0000

I)967.5000

i~4~400.0000

94,900.0000

72~000.0~00

1~4,700.0000

31~S00.0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 20o5

S~CqRITY D~SCRIPT~OH

Xt CAP LTD CL A tOM

XL CAPITAL LTO EQUITY SEC UMIT

BATAVIA INVESTMENT FUN~

GUINNES$ GHANA CEDI NPV

SANLAM ZAR0.Ol

STANDARD BE GR LTO ZAR0.1

MTN ~RoUP LTD ZAR 0.0001

$ASOL NVP

LONA NEGRA CIA SA SHS 144ASUBSCRIPTION OFFER

LoMA NEORA CIA SA SHS I~4A

P~TROLEO SRASILEIRO SAPETROBRAS COH NPV

SUDAHTEX DE VENEZUELA CASAADR 1ADR FOR 40 B $HS

ALCAN INC

ASITISI-GONsOLIDATE~ INC

TALISMAN ENERGY INC

~ANK OF NOVA SCOTIA

GAMECO CORP

COST

787~346.85

1,011,697.95

2~278.22

89~034.43

~16,511,47

538,280,66

524~185.09

2~895,24~.72

16,big.4&

5S~ZBS.GB

$76~B57.49

985.75

E~744~014.05

653,06~.09

1,94~,997.01

4,921,501.77

1~259,oI0,9~

PRI~E67.0806

25.5500

0.0249

0.8505

2.~949

11.9527

~,7989

35.7114

0,5S04

1.4869

17.6B~5

0.So00

40.8aEl

~,9892

65.1682

MARKET

747,918.00

1,029~665.00

2,365.66

E~9,483.41

3~3,765.94

586,064.79

707~917.16

16,520.75

37,576.2I

~69,571.o6

985.75

5,494,965.~4

~78~5~6,S~

3~795,772.67

5~71~,411,55

2~00~,750.5~

RUN DATE� 26-JUL-06PAGE: gOMll0RE

UNREALIZED

B9~428.83-

17~967.05

aS,~4"355~551.02-

43~254.47

47,7B4.1~

1B~17~4.07

1,020,727.41

29B,75=

679,~7-

29~,015.57

0.00

249,048.51="

27~,487.71-

1,852,775.GG

793,90~,7~

749~739,63

]

1J

Mellon

USW G00OI00QWEST PENSZDR TRUSTTOTAL PENSZOR

SHARES/

14~600.0000

Z7,600,0000

21,700.0000

7~t550,0000

72ji00.0000

Z2~400,0000

Z~,100,0O0O

~$~700.0000

I%40~.0000

~5~900.0000

2~gO0.O000

G3,254.0000

4~I00.0000

7~,900.0000

23~600.0000

14~000.0000

48,~00.0000

QWEST PENSION PLANE[N 84-1339282 PLAN NUMBER: 005


5S00 SCHEOULE OF XNVESTHENTS AT ENO oF PLAN YEAR51 DECEMBER 200S

~EOURITY DESCRIPT~O~

RbGERg COMMUNICATIONS INCCL B

CANADIAN NATURAL RESOURCES LT~

CANADIAN TIRE CORP LTOCL A

CANADIAN NATIONAL RAILNAY CO

COTT CORP

FINNING INTERNATIONAL INC

TELUS CORP

TELUS CORPNON-VTG

INCO LTD

NANULIPE FINANCIAL CORP

NAGNA INTERNATIONAL INCcL A SUB-VTG

FALCONBRIDOE LTD

METHANEX cORP

PETR0~CANADA

POTASH CORP oF SASKATCHENAN

ENCANA CoRP

SHOPPERS DRUG MART CORP

5$B,SSg.gB

l,ZGBs026,1~

1~2~5j035.09

~,GI2,G~8,~G

I~617j80~,99

7~5~564.45

847,4GI.25

I~31G,OIG.58

787t?$2.28

2~2~4j1~7174

2~046~S70.~

¯ 115~G,170,~7

819~5~.88

1~927~571.6~

1~777~1~,88

6~4~77.80

4~.117~

7917~2g

14.7~98

~0,9707

$9.9~20

$8,4~28

71,9085

zg,B~3s

%8.71~3

39,93~9

79,69BG

44.9942

37.~4~2

, , , ,,,; ,

USN G000100.QHEST PENsIoH.TRUSTTOTAL PENSION

NMARE~/

1~600,0000

16,O00o0000

165,0000

2~,300,0000

10&,DO00

2~00.0000

I~$00,0000

~9~00,0000

~2~20.0000

~&~00.0000

5O~OO+OOgO

I~$,9q8.0000

59,~0B,0000

19&~289.0000

~7~400,0000

112,~k~,0000

5500 SCHEDULE OF INVE~THENT~ AT END OF PLAN YEAR$1 DECEMBER 200~


~UNCOR ENERGY INC

TORONTO-DOMINION ~ANKNEN

$ANSUNG ELECTRICSGDR 19gS RFSTG 144A

ASML HOLOIN~ N V-

A P HOLLER - MAERSK AISDNKRIO00

NOVO-NOROISK AS DKK2

UPN-KYMMENE oY NPV

STORA ENSO 0YJ SER "R’ NPV

NoKIA (ABI oY EURO.O5

DNB NOR ASA NOKI0

TELENOR AS 0RD NOK~

SKF AB SER~B’SEK2,SO

ATLAS CoPCO AB ~ER ’A’SEKI.Z5

NORDEA ~ANK A~ EUR0,SgGS2

ELECTROLUX AB SEN B sEK5

ASTRAZENECA ORD USD0.~5EURO-CLEAR REMOTE SNEDISH LIST

70~379.0q 62.76~9

~9~63.11 327.5~9~

~70~93&.0B 20,0800

974,467,85 I0~$10,8271

~,298~008.7& 19,5553

7~8~&Z?.g~ 13.4940

~BIZ~O70,$g 18.22~0

8~2~Z.41 I0~6331

2,70S~00~.27 9.78~0

1~97~466.58 1~.0100

878~7~2.0~ 22,2400

1,975,$02,55 I0,3661

I~ggg~g4G,92 2~,9~67

~0~5,229.10 ~8.BISI

MARKETVALUE

61~g21.03

1~E6~696.49

1,648~981,72

S±S64~S.61

7I~,182.~1

1,151,278.52

1,745,905,06

835~676.54

2,6B2,52~.22

leB&~32.05

1~926,613.02

543~772.09

2m9S1~172.06

~,8~0:8~8,58

629~919°10

1,5~7,284.60

RUN ~ATE: 26-JUL-O6PAGE~ 91MII02E

UNREALIZE~c~76,081.0S

Ij251,66~.95

554)344.11-

25;~81,9~-

41B~$TD.48

iB~,lSB,~l-

290~2,65

R~457.21

1~02~520.~2

96,275,30-

6~,658.70-

29~,099,13

MARKETv.~

853~615,~0

857,289.73

54,0~5,&7

467,8(~.00

1,09Z,947.68

1~367,592.55

2,91~328.S6

665,Z56,76

7~80S~72~,03

918,707,77

2~982~167.2~

1,321~0G~.49

2~054,7&0.20

2,257,7~8.10

~,~87:502.70

RUN gATE: 26-JUL-06PAGEt 92Mtl0ZE

UNREALIZEDGAIN/L~SS

149,2~7.$6

182)547.~0

4~482.56

96~928,00

11B,~79,85

34~766.29

~01,679°g0-

73~371,18-

995,~55.64

66~$55,~6

277,1(2.97

479~145.14

6I~57,67

267,e01.1~

I~402,273.H

Mellon

UsW SOOOIOQQHEST PENSION TRUSTTOTAL PENSION

SHARES/

2t244jO00.O000

S8~O0,O000

89~700,0000

$9~.0000

993,0000

15;40B.0000

4,$31.0000

?2&.0000

67,730.0000

76~.0000

21,095.0000

1,100.0000

597,19a,0000

~2q,O000

928.0000

105,~9t,0000

QWEST PENSION PLAN~

EIN 84-1339282 PLAN NUMBER: 005SCHEDULE H, LINE 4i." SCHEDULE OF ASSETS


5~00 SCHEDULE OF INVESTMENTS AT ENDOF PLAN YEAR31 DECEMBER 200S

~q.~.RITY DESCRIPTION

ERICSSON (g.M.)TELEFONAKTIEBoLAGET SEKI SER S

SANDVIK AB NPVNOW CUSIP SSBI460X6

FLEXTROHIC@ INTERNATIONAL LTD

AcCs BRANDS CORPCDM

ADS TELECOMMUNICATION@ INSooM NEH

ABC INC

AFLAC INS COM

AGL RE@ INC

AES CORP COM

PPTY@ CDRP COM

AMR CORR gEL COH

AOI COAL CO

AT & T INS CUH

AVX CORE

AAVID THERMAL TECH ING WTS TOPUR 144A EXP 02/01/2007

ABBOT]~ LABS tOM

COST

7,131,185.52

2,400,190.12

1,184,682.50

2,618.48

312.92~

0.00

180,~1~,07

92E,94~.01

30,e57.98

271,$07.23

1.I0

10~087,311.92

6,602.39

9~280.00

4,922,289.69

3.4302

~6.490~

I0.4400

24.BOaO

22.~400

O.O00O

4G.4200

34.8100

IS,SSO0

49.17o922.2500

0.0010

24,4900

14o4800

I0.0000

39.4300

MARKET

7s~g7,4B~*4B

2,705,7B2.27

936,468.00

9,65~.00

22,185.62

O,O0

210,$29.02

2S,272.06

Ij07~,IGS,90

37,56S.BB

46B,941.85

i,I0

9,742,075.02

7,587,52

9~280.00

4jISE,764,RB

RU~ DATE; 26-JUL-06PAGE: 9~Mli02E

UNREALIZED

S&&j298.g&

30~,562.1B

248,214.50~

7,054.52

22,496.54

0.00

29,813.95

1,090.71

i46)222.B9

6,707.?0

197,434.62

0.00

545,258.90-

905.15

0.00

766,$2~.4X-

USH G0~0100QWEST PENSION TRUSTTOTAL PENSION

SHARES/

707.0000

13,247.0000

18~ 4&0.0000

B, 257.0000

49,600.0000

668,0000

53,091.0000

~22.0000

687°0000

I,~00o0000

30~918.0000

26,~49.0000

22,976.0000

$6~,0000

5q?.O000

94~64~.0000

~00 SCHEDULE OF INVESTMENTS AT END 0E PLAN YEAR~I DECEMBER 2OOS

SECURITY DESCRI~..T_L~

ABERCROHBIE & FITCH CO CL A

ABBFJ~IX INC COHCASH HERSER

ABTOX INS

AcTIVISION INS

ASXIOH CORP COM

AnESA INCcoM

ADOBE GYS ING DEL COM

ADVANCED AUTO PTS INSC0H

ADVANCED ME~ OPTICS INCC0M

AEKOFLEX INS

ADVANCED MICRO DEVICE@ INs CoM

AETNA INS CgM NEH

AFFILIATED COMPUTER SVcS INsCL A

AFFILIATED MANAGERS 0RDUP INSCOH

AFFYNETRIX INC OC-CAP STK

AGER~ SYS INCCOM

cost

5S,2a5.10

149,818.14

l,S46.O@

2S~&ID.B0

1,038,782.72

IB,41B. gB

I,SBT,430.6B

26~BGBl&B"

2~32~,84

12,120.00

715,440.64

1,662,530.14

1,54~,065.~0

24,491.GI

20,66S.B~

1,052,2S&.~&

PRZCE

BS.I8OO

21.5100

0.I000

13.7400.

25.0000

24.4200

56°9600

45°4600

41.8000

10.7500

5o. GO00

94.3100

~9.1800

80.2S00

47.7500

12.9000

MARKETVALUE

~6,082.26

284,942.~7

1,84&,00

II,011.18

1,140,B00.00

21~19~.~6

I~9&2~24~.36

40,070o12

28~716,60

10,750,o0

946,090+50

Z,484,974.%9

1,359~719,68

29,130.7~

2G,214.7@

1~220,89~.70

RUN DATE: 26-JUL-0&PAGE= 94MIIOZE

UNREALIZED_E~LIN/LOS~

12~797.16

135,124.83

0.00

5,391.3a

102,017.2~

2,777.SS

$74,812.71

1~,221,44

2,S90.76

I,~70,00~

2~S,~50ll&

Bq2,4~4.05

1S,656,08

4,659,14

5,5B0,92

168,638,~

@ Mellon

usN GOOOlUOqNEsT P~SION TRUSTTOTAL PENSIOR

SHAREG/

I~I~146,0000

/~559.0000

6S7.0000

1,147,0000

[,IS$,0000

424,0000

675.Q000

B4j890.g000

&3,564.0000

466.0000

97.0000

1,417,0000

912o0000

62,482.0000

750.0900

~0j501. 0000

330.0000

l~ 2~B,O000

QWEST PENSION PLAN IEIN 8441339282 PLAN NUMBER: 005


5500 SCHEDULE QF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 2005

SEC~V,DESCRIPTION COST PRICE

AGILENT TECHNOLOGIES INC 4:OQ2~038.68 33.2900

AIR PRODS & CHEMS INC COM 4~7,035.87 5~.1900

AIRGAS INC 15~358.96 32.9000

AKAMAI TECHNOLOGIE~ INC 14,945.41 19,9300

ALAMOGA HLDG$ INO CoN 15,261.51 IB,Bl0OCASH MERGER

ALBEMARLE CORP 14~B48.48 38.3500

ALBERTO CULVER COM 32~784.76 45.7500

ALBERT$ON$ IHC CoH 2j0~,855.0~ 21.3500NON CU$1P 668556105

ALCOA INC COM 1,90~j13~.48 29.5700

ALEXANDER & BALDHIN INC 21,065.20 54,2~00

ALLEGHANY CORP GEL 27,126.73 284,0000

ALLEGHENY ENERGY INO COH 270929.07 31,6500

ALLEGHENY TECHNOLogIES INO tOM 19,51~,62 36.0~00

ALLERGAN INO COH 5~081~1S9,0S 107.9600

ALLIANCE DATA $Y$ CORP COH 52~B19.24 35.S000

ALLIANT ENERGY CORP COH 1,117,566.29 28.0600

ALLIANT TECHGYGTEMS INC COM 21,57~,42 7fi,1700

ALLIED CAPITAL CORP COM ~2,~15.$2 29.5700

MARKETVALUE

4~BGS~BSO,~4

446j233.41

20~957.30

22,859.71

21,085.13

18x260.40

30,581.25

I~812.401.50

ij879j587.48

25~275.B4

27~5~8,00

~4,B48,05

52,868,88

~)7~5,55&.72

26~700.00

I~13E~6~8,0~

25~13~,i0

36~5~5.G5

RUN DATE: 26-JUL-0&PAGE: 9~Mll0~E

UNREALIZED

$23~B11,66

9~197.54

5~618.3~

7~914,~0

5,$2~.62

1,411.02

272,~53,54-

25,549.00-

4,212.~q

<21.27

i~355,2&

1B~081,75

3,550.6~

~,352,33

]

UBN O000100~NEST PENSION TRUGTTOTAL PENSION

~HARE~/

BI~085.0000

26~32~,0000

72~798,0000

120~970.0000

227,~52",0000

I0~143.0000

94do0000

946,0000

I~77B.0000

13&~00.0000

~52,0000

i~05~,0000

I44~302.0000

9,75~o0000

~32+0000

~308o0000

5500 ~CHEDULE OF INVESTMENTS AT EH~ OF PLAN YEAR31 DECEMBER 200~

SECURITy DESCRIPT~ONALLIED HASTE INDS INC NEN COM"PAR $0,01

ALLSTATE CORP C0M

ALLTEL CORP

ALTERA CORP COM

ALTR~A GROUP INCCOH

AHAZON,CGM INC CoM

AHBAC FINANCIAL GROUP INC

AMERADA HE~S CORP COHNON CU~IP ~2809H107

AHEREN CORP

AMERICA MOVIL S A ~E C V GPGN$ADR REPST~ SER L SlIS

AHERICAN CAP STRATEGIES LTDCOM

AMERICAN EAGLE OUTFITTERS NEN

AMERICAN ELEG PHR INO tom

AHERICAN EXPRES~ CO COM

AHERICAN FINL ~ROUP INO OHIOCO~

AMERICAN FINL RLTY TRCCM

COST

650,256.58

1~359~053.97

4~240~278.45

2~$93~350.90

44Gj776.82

77~530,75

8~,i48,93

2,50~438.~B

31~121.4&

24,991.99

S~12B~957.45

538,229.23

1~,645.~0

20,509.4~

B.7400

54.0700

1B.5300

74,7200

~l. 1~ 00

77.0600

126.8200

51.2400

29.2600

~6.~I00

Z2.9800 "

57.0900

51,4~00

$8.3100

12.0000

MARKETVALUE

708,&&2.90

1,423,554.9&

~593~$3;B0

2~241~574.10

16,~87~741.4~

478~242.4S

72~744+G4

119,971,72

91,104,72

3~996,916.00

55,747,7~

24,220.~2

5~$52~161,18

501,940.~4

16,549.92

IS~696.00

RUN DATEr 26-JUL-O6PAGE: 90Mll02E

UNREALIZED

58,42G,52

64,500.97

~53,275.55

I~I,756.50-

2~129,3~2.84

29,445.63

~,786.11-

~5,612.55

1,955.70

1,492~77.65

2~626,26

771,07-

225~223,73

3~288,39-

2,904.52

~813.44~

t

t

I

i

t

Mellon

UsW O00010OqNEST PENSION T~UsTTOTAL PENSION

SHARES/

I~9~74.0000

129, S~2.0000

258°0000

206,0000

Ip497,0000

@7,G05,0000

IS,714.0000

165,223.0000

375,0000

122,726,0000

513.0000

~&j~5.0000

26,4~0,0000

679,0000

152,252.0000

0~6.0000

QWEST PENSION PLAN ’.)"~EIN 84-1339282 PLAN NUMBER: 005


5SQO SCHEDULE OF I~VESTMENTS AT END OF PLAN YEAR31 DECEMBE~ 2005

~ECURITY DE~CRTPTIOH COS’Z

AMERICAN GREETINGS CORP cL A ~.B75,583,4~ 21.9700

AMERZCAN INTL GROUP IRC COH 8,~0s620.19 68.2300

AMERICAN NATL INS CO 2&,S75.25 i16.990~

AMERICAN PHARMACEUTICALS 7,706.47 ~8.7900NOW SUGIP 0038~E105

AMERICAN P~R CONVERSION CORP 32~078,62 22.0000COM

AMERICAN STD COS INS GEL I~525j058.19 39,950~

AMERICAN TOHER CORP 285~299,~7 27,1000

AMERICREDIT CORP COH ~,02~,327.1~ ~5,6300

AMERUS GROUP CO COH 17,895,00 56,S700

AMERISOURCEDER~EN CORP COH ~952,808.69 41.~000

AMERIGROUP CORP 20,Z7~,76 l?.4&00

AMERITRADE HOLDING CORP CL A ~6~27~,1~ 2~,0oooNOW CUS~P 872SSY108

AMERIPRISE FINL INS 877~5Ol,26 61,0o00C0M

AMETEK INS 2~219,95 42.5~00

AMGEN INS 9,Ggl,&Sl.~ 78,8600CON

AMPHENOL CORP NEW CL A 51~881.80 4~,Z600

MARKET

$,285)9~.78

8~857~55.06

50.185.42

7~990°74

32~78.00

1,502,317.75

~25,849,~0

4~2~4~65.q9

21~51,25

5~080.85S,q0

9~952.98

@74,94~,00

~,082~810,00

12,006~592.72

37~445.96

RUN DATE; EG-JUL-06PAGE: 97MII0~E

UNREALIZEDGAIN~

591~639,&&~

~17,1~G.87

~,~10,14

899.$G

22,738°q4=

~0~S~9.95

210~336,$5

5~356,25

I~128,047.71

12S~669.56

205~308.74

~,66q.71

5,562.08

UGH G000100qNEST PENSION TRUSTTOTAL PEN~IO~

$HARE@/PA~ VALU~~,687.0000

48~.06~,0000

10,772,0000

1,516,0000

~8~768.0000

l~tBl,OOOO

7~5,0000

2,791,0Qg0

Z2,~97,0000

905.0000

I~240,0000

~0~470.0000

806+00o0

7,~0O,O000

3~,515,0000

$~687,0000

35~095.0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER ~005

SECURIIV DESCRIPTION

AMSOUTH ~ANCORPORATIoN CON

ANADARKD PETECORP COH

ANALO~ DEVICES INS CON

ANDREW CORP COH

ANHEUSER BUSCH CoS INS COH

ANNALY MT~ MGMT INS C0M

ANNTAYLOR STORES CORP CON

AON CORP CON

APACHE CORP coH

APARTMENT INVT & HGMT CO cL A

APOLLO GROUP INC EL A

APPLE COHPUTER INC

APPLE~EE$ INTL INS coH

APRIA HEALTHCARE GROUP INSCON

APPLERA CORP-APPLIEO BIOSYSTEHGROUP

APPLEEA CORP-CELERA GENOMICGGROUP

APPLIED MICRO CIRCUITS CORP COCoN

COST2,633,94/.27

3,186,789.11

3~7,25~,90

1,~L1~986~78

16,0~9.85

66~60q,99

1,352.957.79

I00,0B0,4~

I,~0S,7&G.82

21,~10.75

2~7,0~0,9~

729~02&.5~

50>696.25

139~329.95

26,2100

~.?SOO

$5.5700

10.7500

~2.9600

10.9400

~.5200

35.9500

68.5200

37,8700

~0.~600

71,8900

2~,5900

2~.1100

2~.5600

10.9600

2.5700

MARKET

2,612,79&.27

~,554,253,50

386~391°G4

I~235~73,28

12=044,9~

25~717.40

100,3~6.45

1~534~42.~4

~7j~59,$2

74~970.40

2,909~96~.42

18~207.E~

176~005,00

916~718.40

40,409,52

85~05~.15

RUN DATE: 26-JUL-06PA~E: 98HllO2E

UNREALIZED

21~151.~0-

1,S~7,~6~.39

10~8gS.26+

q,596.40-

176~I15.S0-

9,502.~5-

g~677,55

55,731.46

181,&7~.65

~60.62-

1,606~196.60

$,111.I~-

71~087,93~

187~690.02

10~286.73-

54,~75.80=

1!

Mellon

UsW GO0OlO0Q~EST PENSION TRUSTTOTAL PENSION

SHARES/~AR VALUE

215t346.0000

I~194.0000

145,019.0000

SSS,0000

17~j195.0000

ljS~G,O000

622,0000

2pS19.0000

~0s4~9,0000

30,988.0000

lj268,0000

28~31S.0000

I~I16~0000

938,S000

93j940.0000

QWEST PENSION PLAN ~)%

EIN 84-1339282 PLAN NUMBER: 005SCHEDULE H, LINE 4i" SCHEDULE OF ASSETS


5S00~CHEDULE OF INVESTMENTs AT END OF PLAN YEAR31DECEMBE~ 2005

SECURITY DESCRIPTI~ ~ PRICE

APPLIED MATLS INC C0H 3p662~16,6& 17,9400

, APTARSROUP INC C0M 19j972. GB 52.2000

AQUA AHER INS 2Z,020.37 27.3000OOH

ARAMARK CORP $j813)913.46 27.7S00

ARCH COAL INC COH 20~IgGo25 79,S000

ARCHER GANIELS MIDLAND CO COH $18S6j4~O.4S 24.&$00

ARCHSTONE SMITH TR CON 70j318,81 41o8§00

ARDEN RLTY GROUP INC COH 2~661.~G 44.8500CASH MERGER

ARIBAINC 41)815,~0 7.3S00COH HEW

ARROW ELECTRS INO COH 895~276.78 $2.0300

ASHLAND INC NEW 1)658)246.22 57,9000OOH

A~SOCIATED BANG CDRP COH ~2~110,30 52~5500

ASSOCIATED OPTICAL INC 1~027.89 ~.0s65

AS~URANT INC 35iSiS,55 45.4900CON

ASTORIA FINL CORP C0H 2~j007,92 29.~000DTC FRACTIONAL CUSIP AEG265100

ASTRAZENECA PLC SPONSORED ADR 3p~lBj476°56 ~.&000

MARKETVALUE

$~863~07.24

21~05&,60

~2~96.20

$~97~,067.82

44~122.50

4~70)988.70

27,884.2~

18~51~.$5

B7~640.87

1=794~20S.20

41,275.4g

1~027.89

48~534.5~

27~591.90

~,56S~84.00

RUN OATE~ 2G~JUL-06PAGE: 99M~IO2E

UNREALIZED

180,8~0.S&

10~575.83

23~924.2~

~i~508.27

4,~22.4Q

25~$00.75-

79,544.09

836.90=

0,00

I~,99~.29

2,583.$S

1,1~7,007.4~

|J

USW S000100qWEST PENSION TRUSTTOTAL PENSZG~

~HARES/

7,ZO0.O000

7~2.0000

I~399o0000

727.9260

189.0000

84~$13.0000

6G~IIO.O000

I3~I~7,0000

t229=220,0000

~17.0000

74~.oo00

987,0000

~s~.ooo~

~0,I~9.0000

8~,1~4,0000

~91~.0000

5500 SCHEDULE OF INVE~THENT~ AT END OF PLAN YEAR~I DECEMBER 2005

s~URITV DESCRIPTION cos’r

ATHEROGENICS INO COH 167,6&8.6~ 20.0100

ATHOS ENERGY CORP 22,302.6~ 26,1600

AURORA FOODS ~Nc COH 12,~9 0.0090

AURORA FOO0S INS CLOSING 727~9~,0~ 1,00O.000ONOTICE

AURA SY~ INO HTS TO PUR C0M 0.00 0.0000EXP 0~/~1/2005

AUTO~ESK INO CON ~)048)468.97 42.9~00

AUTOLIV INO COH $~099~026.87 ~S.~200

AUTOMATIC DATA PROCESSING INC 5B$~069.49 ~5.$900COH

AUTOMATION INO CON 4~40~I,47 21.7500

AUTOZONE INS CDH 5B~05g,71 91.7500

AVALONBAY SHNTY~ INC C0H 5~9~7.91 89°2500

AVAYA INC coH I,I~4~3~.01 i0.6700

AVERY OENNISON OORp COH 57~190.40 ~.2700

AVI~ TECHNOLOGY INO COH 2~,q53.00 54,7600

AVN~T INC COM 99~,~71 87 23.9400

AVON PRODS INO CON 2~479s08~.11 28.5500

BB&T ~ORP CON 20~675.7~ ~I,?i00

MARKET

144)072.00

20~4S7.12

12.~

727)926+00

0.00

3~652,~76,35

~,002,71~.20

&03,~95.85

4)980~95o.60

36)2~9.75

66,312.75

872s197.8I

S~,SSl,49

21,68~,96

962~I2~,66

2,450~861.20

205,987.6~

RUN DATE: 2G-JULy06PAGE: 100MllO2E

UNREALIZED

23)596.68~

1.84S.S2-

O.O0

0.00

0.00

S84~007.38

96,SI0.67~

20~Z26.~4

S77,51~.13

200.04

i0,564.8~

262)257,20~

4,6~8,91-

2~768.04=

52)S47.2I-

6B~.14-

Mellon

us~ eoooID~QWEST PENSION [RU~TTOTAL PENSION

sHABE~/

i,[91,0000

~68.0000

17,510,0000

303.0000

506.000O

1,5B5.0000

14,707.0000

1~081.0000

40~,~73.0000

39,77E.0000

1,281,0000

97,~17,0000

28,400.0000

12,144,0000

460,0000

12~753.0000

~,~B4.0OOD

s CUR T qH

BISYS GROUP ~Ng CQM

SJS HHSL CLUB INC C0H

BJ SVCS CO COM

BOK FINL CORP NEW

BRE PPTYS INO CL A

BMC SOFTWARE INC COH

BAKER HUGHES ~NC COM

BALL CORP COM

BANKOF AMERICA CORP

BANKOF HAWAII CORP

BANKNEW YORK INC C0M

BARDC R INS

BARNES &NOBLE INC GUM

GARRICK GOLD COEPCOM

BARK PHARMACEUTICALS INC

BAUSCH & LOMB I~C tOM

BAXTER %NTL INC COH

BEA SYS INO COM

%QWEST PENSION PLAN



5500 SCHEDULE oF INVESTMENTS AT END OF PLAN YEAR~i DECEMBER 2003

17~084.10

464~618.14

I~j750.67

20,B06,B&

36,92%.03

627,976.57

47j542.~g

18,941,S36.SS

5,5~8,683,67

1,291,254.B5

�5,772.25

~,&G4,ITB.G@

777,955.79

641~650.35

27,551.51

4~488;408,90

28,830.44

PRICE14,0100

29.~G00

36,6700

~5.4300

20.4900

GO.7800

5~.72o0

46.1500

51.5400

31,B500

65~9~00

~2.6700

R7.6700

52.2900

07.9000

37,6500

9.4000

UBW O000100QWEST PENSIO~ TRUSTTOTAL PENSIO~

SHARES/

9S0,0000

~2B.0000

273.0000

~24.0000

17,~g~.0000

2,622.0000

221,545.0000

~1,30B.0000

1,021,0000

41,4~8.0000

15.0000

O,510.0000

4S,400.0000

2~18~,0000

E,022,0000

~70.o000

[email protected]

192,0000

$500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 2005

~ECURITV DESCRIPTION ~ PRICE

BEAR STEARNS CO~ INC tOM 97,238,83 11~.5~00

BRAZER HOMES USA ZNC 22~629.$1 72.8400

BEBE STDRES ~NO COH 7~1&0.79 14.0600

BECKMAN COULTER INC COH 5~,102.78 56.9000

BEOTON DICKINSON ~ CC CCM 1,020,514.5~ 60.0800

BED BATH & BEYOND INC COH 104=434.27 36.1500

BELLSOUTH CORP tOM &,0~4,@~.43 27.1000

BELC CORPORATION I~95~,052.B0 Z1.4100

BEM~S !NC DOH 29~700.90 27,8700

BERKLEY W K SORP COM 1,~0,$13.~8 47.5200

BERKSHIRE HATHAWAY INO DEL CLA 1~$16,500.02 68,620.0000tOM

BEST BUY INC COH ~70~055.85 43.4800

BEVERLY ENTERPRISES INC COH $71,134.44 11.6700CASH MERCER

BIOHET INO COH ~4~50,5~ $6.5700

BIDDEN IDED INO COH 201~ZgS.46 ~.5300

BIoTROL ZNC ~1.18 0,0940

BLACK & DECKER CORP COM 6~,250.74 56.9500

BLACKROCK INC CL A tOM 14,63~.9~ lOB.~BO0

MARKETVALU~

I~,685.91

19,7~LOB

542,091.70

I3,765.29

25~012.68

~0,672.65

693,891.46

W2~957,52

IB,6~6,42B.9~

5,717,641.~4

l~B&6,770.OS

84,44E.~E

4,172,851.59

791~508,00

756~449.76

31,234.00

R,G~G~950.&5

~0,587.60

RUN DATE= 26-JUL-06PAGE: I01MIIoBE

U~REALIZED8AINILOSS

I,298.19-

287,2~

177~47].S&

985.6S-

2,515.02

~,751.62

265,912.89

4~60S.06-

275~107.70-

16@,757.77

24=484,20-

671o24

E09,672.71

l$~BB2.21

114,799.43

1,582.B9

208~B11.5B

1,757.16

MARKET

109,753.B0

3O,Bll.~Z

3,B30.17

29,�15.60

1,063~BS~.92

94,785.30

~005,�69.50

1,742,751.18

28~455.27

I~975,R77,$6

I~329,500.00

370.014.B0

E29,818.00

79,942,02

I~6,?B7.26

91.1S

68~17~.&4

20~828.16

RUN DATE: 26-JUL-O6PAGE: 102Mn~2E

UNREALIZED

12~514.67

7,982.01

5,261,16-

~9,841.B6

9,64B,gT-

BO,974,g3-

190,321,62-

1,245.6~-

612,96~.18

i0,799.98

~041.0S-

41~316.44-

14,908.54-

64,508,20~

0.00

1,074.10-

5~94.23

J

Mellon

U~H G00QI00qWEST PERSION ~RUSTTOTAL PERSION

SHARES/PA V~

2,9~2.0000

94,357.0000

745.0000

518.0000

1,092o0000

5,6~2.0000

436.0000

826.0000

523.0000

98~647.0000

10,$77.0000

1,16G.0000

509.0000

921.0000

57,754.B000

73~3~I,0000

1~)878.0000

QWEST PENSION PLAN }

EIN 84-1339282 PLAN NUMBER: 00~

SCHEDULE H, LINE 4h SCHEDULE OF ASSETS


5500 scHEDULE OF INVESTMENTS AT END oF PLAN YEAR$1 DECEMBER 200~

~URITV DESCRIffTION .~I PRrC~

BLOCK H & RINC tOM 72,190.G0 24.5500

BOEING CO COH 4~990~640,58 70,1400

BORDERS GROUP INC COM 18:923,00 21.6700

BORG RARNER INC COH 28,051.71 60.6500

BOSTON PPTY~ INO COH 71~847,42 74. I300

BOSTON ~GZENTIFIC CORP COH 20~]94.12 24,4900

BOYD GAMING CORP 22~6~0.72 47.$&00

BRINKER INTL INO COM 30j019.92 38.6600

BRINKS CO 20,668.96 4/.9100CGM

BRISTOL MYERS SQUIBB CO COH 2j523j2~O.62 22.9800

BRGABGOH CORP CL A COH 42%776.55 47.1500

BROWN & BROHN INO tom 25~389.69 50.5~00

BROWN FDRMAN CORP CL B 24,778.15 69,t200

BRUNSWICK C0RP tOM ~5,589.55 40.6600

BURLINGTON NORTH SANTA F£ CORP 2jT&O,9~6.77 70,8200COM

BURLINGTON RESINO COM ]m4~0~502.~8 86,2000NOH CUSIP ~08~50104

CBL & ASSOC PPTYS INO COH 684,397,20 39.5100

HARKET

72,22~,10

6~627~53~.~8

16,1~.15

31,40&.~4

80~9~9.98

20~779.76

~$~092.96

25~05~,98

2~266~905.06

~9~705,55

55e609.&4

$5~28~,88

4,090,158.28

6,821~153.~0

587,829.7~

RUN DATE~ ~&~JUL-06PAGE= 103HII02E

UNREALIZED~R/LOS~

35,50

1,638~986.10

2,778.85~

3~354.&3

9~0~.54

64~833,74-

1,900.96-

4,387.97

25G,~52,56-

6~,929.20

I0,219.9~

10~505.75

1,~29,191,EI

2,~50,629.72

<~)567,42-

{

J

USN GO0010OQWEST PENSION TRUSTTOTAL PENSION

SHARES/

441.0000

~91.0000

630.0000

1j590.0000

~8~i91,0000

7~&66,0000

233.0000

2,051,0000

~;$BB,000g

~E,O~2,0000

I~I87,0000

5~,887o0000

Z,2]S.O000

12~816.0000

16,157.0000

G4~,O000

5S00 SCHEDULE OF INVEGTHENTS AT END OF PLAN YEAR31 DECEMBER 2005

~ECURITY DE~CRTPTIGH COST PRI~E

C~RL GROUP I~C tOM ll,915.q~ 35.1500

C..B RICHARD ELLIS GROUP INC 20~BOS.&l 58,8500CL A

C D W CORP COH 41,800o52 57.5700

C H ROBINSON HORLDNIDE INO ~4,158,~ 37.0500CDH HEN

GIGNA CORP COH 5~879,966.77 I11,7000

CIT GROUP INC 3,2~2,~35.02 51.7800tOM

CKX INC S~2.46 I~,0000COM

CMS ENERGY CORP COH ~0,586,~6 14.5100

CNA FINL CORP 1~106~051.65 $2.7500

ONE INC 2,~61,962.~8 55.8900NO~ CUBIP 208944101

OSF HLDGS INC ESCROW O,OO 0.0000

CSX CORP COH Z,272~729.~ 50.7700

CVB CORp 1&~,378.42 26,~200

OV THERAPEUTICS INC coH 27~62~.~0 24,7500

CABLEVI$ION NY GRP CL A COH 404,217.13 25o~700STK

CABOT CORP COH 24~987.50 35.8000

MARKET

I~501,15

28~805.35

36,269.10

BS,877.70

~265~9~4.70

$~866,205.48

~,OZg.00

29,46%81

I~I26~471,88

2,$~9~727.58

0.00

2,~85,072.99

191~1~8.70

516~759.6~

23~126.80

RUN DATE: 2G-JUL-08¯ PAGE= 104MllO2E

UNREALIZE~

2~12.27-

89091.65

14~739.27

$8~967.9~

413.46-

12,Z~4.90~

0.00

27~770.28

20~16.~

2~,012.3<-

I,860,50-

Mellon

UGH G000100CHEST PENSION TRUSTTOTAL pENSIoN

SHARES/v~

29~, 00OO

99j47o,o0ao

~22,0000

S$~869.0000

8,367.0000

702,0000

~3~.0009

12~277,~000

933,0000

~g80,0000

31G,0O0O

31~100,0000

102j620.0000

6~128,0000

IOjTaI,OOOQ

QWEST PENSION PLAN ........’~%.



5500 SCHEDULE OF INVESTMEHTG AT END 0P PLAN YEAR31 DECEMBER 2005

E c ~CACI INTL ~NC CL A 17~919,$5 57.3800

CADENCE DESIOH SYS [NC COH Ij488,996.91 16.9200

CAMDEN PPTY TR SH$ BEN INT 26s$22.02 57.9200

CAMPBELL SOUP CO COM 1,010,558.04 29.7700

CAPITAL ONE FINL CDRP 683j055.07 86.4000

CAPITAL SOURCE INC 18n0Z0*35 22,4000COH

CAPITOL FED FINL CCH 12~024.02 $2.940~

CARDINAL HEALTH INO CoH 715j907.E& 68,7500

CAREER ED CORP CON ~1j520,02 33.7200

CAREHARK RX INC CCH 160~874,43 51.7900

CARLISLE COS INO tOM 20j514.72 69.15G0

CARMAX INC 26=889.52 27.6D00COH

CARNIVAL CORP PAIRED CTF 1 C0H 2j39~122.51 55.4700I TR SH BEN INT

CARPENTER TECHNOLOGY �ORP COH I~9S21458.6~ 70.47~0

CARRAMERXCA ELTY CORP COH 5~850~587.0& 54.6300CASH MERGER

CATERPILLAR INC 298j770.S7 57.7700

CCE 9PINCO ZNC 114j156.50 I~,I000HOW CUSIP 53GOS4109

MARKETVALU~

16~812.54

ii6831052.40

~0,234.24

1,005,280.13

722~908.80

11s001.96

844~043.75

$1,~60.76

211~50~.20

21~851.~0

23,970.8~

2,57%415.00

2j191,617,00

3~55~730.60

55~,01~.56

141,251.10

RUN CATEz 2&-JUL-06PAGEt io~MIIO2E

UNREALIZED

19~j03S.49

3,612.22

2,257,91-

~9,875.73

2~295,5~=

~,022,0G-

150,1S6,19

5~859.~6-

50~425,77

1,3S6.68

2~918.q4-

15,707,51-

259~148.3~

296,855,4~-

55,243.89

27~044.60

UGH G0OOlOOQHEST PENSION TRUSTTOTAL PENSION

~HARES/

~89. 0000

I..Sr,5,0000

190,416.0000

2,917. 0000

’~75. 0000

I,, IOE. 0 CO0

l& I.., ~99 ¯ 0000

S~9,0000

1,55~. 0000

292.0000

522. o000

720.0000

18, ~. 2500

851.0000

7~6.0000

2~125,0000

5500 SCHEDULE OF INVESTMENTs AT END OF PLAN YEAR31 DECEMBER 200~

~EGURITY DE~C~.IPTION

cELANESE CORP DEL CON GER A

CELGENE CORP

CENDANT CORP COH

CENTERP61NT ENERGY INCtom

cENTERPOINT PPTYS TR COMCASH HERGER

CENTEX CORP COH

CENTURYTEL INC COH

CEPHALON INC COH

CERIDIAN CORP NEW ~OH

CERNER CORP

cERTEGY ~Nc coMNOW CU~IP 31620M106

CHARLES RIV LABORATORIES INTLINC COH

CHASE 5K GASH RE$ FD

CHECKFREE CORP NEN CoH

CHEESECAKE FACTORY (THE1

CHEHTURA CORPC0H

COST

7.755.54

3g~893.96

55)204.26

22,7~7.77

6~22S.57

5,556j290.11

27~953,20

2~,95S,95

16~895.32

18,5<6.66

$5~210,8~

18~485.25

31~64~.~0

2~222,6~

29,475.73

PRrCE

19.1200

64.6000

17.2~00

12.~S00

49.4800

71,~900

35.1600

64.7~00

24,8500

90.g10~

40,5600

4~.~700

1,0000

~5.9o00

37,390~

12.7000

MARKETVALU~

9,3~9.68

97~394.40

~22,676.00

57,483,~5

25.503.00

75~996.45

5~3SI,990.84

35,5~2.26

35,595.~0

21,172.32

50~506.~0

1D,485,23

38,1<2,90

27,~92.94

26~987.Sg

RUN DATE= 26-JUL-0&PAGE: I06HII02E

UNREALIZED

1,594.14

57,500,44

1,015,519.9S-

~275.19

755,25

12,759,~

21~,299.27-

7,609.16

Sj961.~7

7~6~0.~0

2~625.66

R,70~.44-

0.00

5~95.~0

5)67o,30

_]

Mellon

UsH ~000100qWEST PENSION TRUSTTOTAL PENSION

SHARES/

1~0~0,0000

]~G.IOl,OO00

3,02B.0000

19~361.0000

504.0000

2#037.0000

88G.0000

29,267,0000

115,252,0000

1,157,0000

22,677o0000

29,261.0000

1,826,0000

183j8~2.0000

750,071.0000

1,180o0000

4~Y, 178.0000

QWEST PENSION PLAN ~%EIN 84-1339282 PLAN NUMBER: 005

SCHEDULE H, LINE 4J: SCHEDULE OF ASSETS(HELD AT END OF YEAR)


SECURITY D. ~.S_C~I.~.._T~ .COST P~ICE

CHESAPEAKE ENERGY CORP COM $38,806.02 31.73’00

CHEVRON CORPORATION CoH 8jB~2,957.08 56,7700

CHICASO MERCANTILE EXCH HLDGS 1~127j201,94 367.4900INc CL A

CNICOS FAS IHG COM 822~915.93 45,9300

CHOICE HOTELS INTL INC COM 14,61&.00 ql.TG00

CHIROH CDRP COH ~4j~&~,Z~ ~4.~600CASH HERGER

CHOICEPOIHT INC COM 40m747,17 ~4.BlO0

CHUBB CORP COH 2,~2~j58~.70 97.6500

CHUNSHNA TELECDH CO LTD SPON~ 2~411,~29.79 18.3000AgR

CHURCH ~ DWIGHT INC 38j~98.56 55.0500

CIENA COEP cOH 75~741,18 2.9700

CINCINNATI FINE CORP COH t~221jloo.lR ~.68o0

CXNERGY CDRP COH 76j013.40 42,~6oo

CIRCUIT CITY GROUP COM $~010,073,58 22,5900

OI$CO SYS INC COM 1~,~74,055,16 17,1200

CINTA$ CORP ~Im]94.&G 41.1800

CITIGROUP INC CDM 23,012,261.9Y 48,~300

MARKETVALUE

~I$~739.20

8~8&I~$5.77

1~112,759.72

850~2B,73

21~0~7.0~

~6~I05,02

2,8~7~922,~5

2~114~874.20

38~215.71

I.$07,~81.~8

77,YSI.9G

~152~990.7B

12~8~1,215.52

23,5~5,658.54

RUR DATE: 26-JUL=06PAGE: 107H110~E

UHREALIZEO

74~863.~8

28.916.~9

I~4~2.22=

27~612,B0

q5~358,85

29G~65~.59~

682.65-

8~390.49-

86~281,3~

1~1~G~917,20

1,&32, B~9.6~-

2~802.2~-

YS~42&.59

I

USN GO001OO~EST PEN~IoH TRUSTTOTAL PENSION

SHARES/

$~,2~2.0000

I,~I.0000

~I~.O000

~0,0000

57,869,0000

8&~2~1.0000

1,551.0000

119,965,0000

10~5~8,0000

2~669.0000

6~800.0000

i±~80.0000

16~;187.0000

~I~156.0000

1~485.0000

21~.0000

121~Y2.0000

5500 SCHEDULE OF INVESTHENT~ AT ENg OF PLAN YEAR31 DECF.,M~ER 2005

~ECURITY DESCRIP.TION COST PRICE

CITIZENS COMMUNICATIONS CO qSZ,869.0~ 1~.2300CL B

CITRIX SYS INC CON 35,593.05 28.7800

CITY NATL CORP DOM Z~,531.72 72.~00

CLAIRE5 STORES INO COH 15~062.$2 2~.2200

CLAREOS INC tOM 5TK 0.00 0.0000

CLEAR CHANNEL COMMUNICATIONS 2,618,010.8~ SI,4500INC CDM

CLOROX CO COH 79~111.46 56+8900

COACH INC tOM ~,~60~165.00 55.~00

CODA COLA CO COM ~,~9~169,77 40.5100

COCA COLA ENTERPRISES INC COM 5G,40~.OS 19.1700

coGENT INO 201,579,88 22.6800COH

COGNIZANT TECH SOLUTZON~ CL A 50,183.82 50.3500

CoHo ENERGY INC DoM NEN 0.00 0.0000

COL~ATE PALMOLIVE CO 2~183~24.13 5~.85o0

COLONIAL ~ANCGROUP IHC COM 31~526.57 2~.8200

CDLUHSIA SPORTSWEAR CO COM 12~756o55 q7.7300

COHCAST CORP NE~ CL A ~039~27.9~ 25.~200

MARKETV~LUE406~5~9.~6

~1,759.75

50,279,?2

2~,837.00

0.00

2.712,593.9~

76~858.~9

<,2q5,771.68

51~I~,75

15~22~.00

59,~13.00

0.00

2~257~06.60

~5~572,70

10~21~o22

$~I~B~TGS.92

RUN-DATE: 26-JUL-0GPAGE= 108MllO2E

UNREALIZEg

~6~319.~7-

6,1~6,75

748,20

0~77~.~8

0.00

94~58~.I1

2,253,07-

539,~5.02

2~=$98.09-

5~239.30-

47,$55.88~

9~229.18

0.00

7~,082.~7

2)542.33-

890~862.0q~

Mellon

USW 8000100qWEST PENSION TRUSTTOTAL PENSION

SHARES/

57,741.0000

1,509.0000

~9~294,0000

320.0000

7&5.0000

7#005.7000

112,785.0000

1,1S~.0000

I&,225.0000

131,~71.0000

$,467.0000

IB,29S. Q900

23,850,0000

~,I52.0000

8,~99.0000

144t461.0000

SECURITV DESCR~PTION

COHE~ICA INC C0M

COMMERCE BANOORP IN~ N J

COMMERCE BANCSHARES INC

COMMERCE GROUP INC MASS

COMMUNITY HEALTH SYS INC NEHCOM

COMPREHEN$1VE ADDICTION PROGINC

CoMPANHIA VALE DO RIO DOCESPONSORED ADR

COMPASS BANCSHARES INO

COMPUTER A~SOC INTL INC COMNON CDSIP 12673P1O5

COMPUTE~ SCIENCES �ORP COM

COMPbNARE CORP

C0MSYS IT PARTNERS INcCOM

COMVERSE TECHNOLOGY INCCOM PAR $0.10

CONAGRA FOOBS INC COM

CONEXANT SYSTEMS INC

cQNOCDPHILLIPSCON

QWEST PENSION PLAN .........~J~~

EIN 84-1339282 PLAN NUMBER: 00o/


5500 SCHEDULE OF INVESTHENTS AT END OF PLAN YEAR31 DECEMBER ~OOS

3m455,415,48

~8j080.92

2,529,&14,D&

20,56~.80

23,555.85

662,544.96

$,271,892.8S

58~I16,55

~03~9~5,73

6,401,q68.34

2~,451.B1

182,950,00

583,576.07

148,585,29

18,714,81

7,~91,118.23

S&.7600

$4.410Q

52.1200

57;2800

5S.3~00

94.5587

41.I~00

40.29oo

28.I~00

50.£400

S.9700

11.0500

26.59OO

20.2800

2.2&0~

58.1800

MARKETVALU~

3,~77,$79.1&

51~92~.69

2,569,205.2~

18,329,&0

29,530,I0

G~2,544.D&

55,678.$7

4~7~582.75

6,682,755.44

31,09S.79

202,~59.7~

&$4,171.S0

104,482.5~

18,981.74

8~04~740.9"8

RuN DATE: 26-JUL-06PAGE: 109MII02E

UNREALIZED

178~0~4,32-

5,8~3.77

39,588.32

Z,055.20-

5,77~,25

0.00

1,5~,082.05

4~8.16-

261,287,10

8~&67.48

19,209.75

50,595~43

44,102.7~-

2,267,73

713~62E,75

USH ~oool.oo~KGT PENSION TRUSTTOTAL PENSION

SHARES/

SS,190.0000

~08.0o0b

2,21~.0o00

771,1Bz.oooo

1,691.0000

1,Blq. O000

8~,115.0000

17,~22,0000

I~]74.0000

~&9.00O0

650.000~

158~6&~.0000

419,0000

5:2~3.0000

loI.O000

547,0000


BECURITV DESCRIPTION

CONSECO INCtom NEW

CONSOL ENERGV INC COM

CONSOLIDATE~ EDISON INC C0M

CONSUMER HEALTH SVCS INC

CONSTELLATION BRANDS INO OL A

coNSTELLATION ENOY GRP INC COM

CONVERGYS CORP tOM

CONVERSANT SOFTWARE CORP

COOPER CAMERON CORPNON CUSIP 155~2BI05

COOPER COS INC COM NEW

COPART INC

CORNIN~ INC COM

CORPORATE EXECUTIVE BD CO COM

COSTCO WHSL CORP MEN tOM

COUNTRYWIDE FINANCIAL CORP CoM

cOVAD COMMUNICATIONS ~RoUP INCCOM

coVANcE INC OOM

COST

670,610.4~

33,424;83

98,77B.77

536,982.Sl

~9,705.87

t~279~195o41

0.00

31,586.~4

~3,%o&.71

2,~82,891.25

28~047.82

926,~5.71

193~673.35

217.15

2I,~27.98

23.1700

65.1800

4~.5300

0.&9~5

26.2500

57.6000

IS.TS00

0.O000

41.4000

51.$000

23.0600

I9.6~00

87.7000

4~.4700

~4.1900

0.9800

48.5500

MARKET¯ VALUJ~

769~01Z.~0

’52,665.44

10Z,4Sl.D&

538,982.51

44~54.93

87)206.40

I,$~,222.75

0.00

~fl~605.60

2�,059.70

14,527.~0

$~I19,412.8S

37,~8~.30

947,5~7.85

17~,916.27

98.98

RUN BATE: 2B-JUL-0&PAGE: 110Mll02E

UNREALIZED

19,240.61

5~70S.19

0,00

20,S~S.05

54~0~7.34

0.00

17,017.1&

9,047.01-

2,058.80-

7~&~21.65

9)SS6.4<

20,612.14

t4,757.08~

118.17-

5~228.87

Mellon

UGH G000100qHEST PENSION TRUST.TOTAL PENSION

SHARES/

1j439.0000

G,790.0000

8~j926.0000

lj9~7.0000

40j8~.0000

52G.0000

~18.0000

6~700.0000

395.0000

95G.00o0

19204.0000

2,~8~.0000

O~jGG2.0000

1,548.0000

852.0000

1~474.0000

23j970.0000

QWEST PENSION PLAN

EIN 84-1339282 PLAN NUMBER: 00~ ’

SCHEDULE H. LINE 4i: SCHEDULE OF ASSETS


5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEHSER 2005

~U~ITY DESCRIPTION

COVENTRY HEALTH CARE INO DON

C~EE INC CON

CRESCENT REAL ESTATE EQUITIESINC TR TEX RE GOH

CROHN CASTLE INTL OORP CON

CROHH HOLDINGS INCtom I~4A

CULLEN FROST BANKERS INC CON

CUMMINS INC CON

CYPRESS SEHIGONDUCTOE DORP

CYTEC IND~ INC CON

CYTYC CORP CON

DPL INO CON

O R HORTGN INO

DST SYS INC GEL

DTE ENERGY D0 CON

DADE BEHRING HLODS ZNCCON

DANA CORP

DANAHER CORP DGH

51,423+$4

227,450.01

lj706,134.27

32j51~.15

&47~781,78

25,503.62

5~j807.16

78~51.00

15j807.90

26j223,80

30s252.45

72j074.31

3,430)78~,65

60j705.26

23j850.00

25~544.4I

1,281,922.73

S&.9000

25.2400

19,8200

2&.9100

19.5300

53.6600

89.7300

14.2500

47.6300

28.2500

26.0100

~5,7500

~9.~100

~,I~00

40.8900

7,1800

~S.7BO0

MARKET

81,96~.4~

Z21,8~9.60

1,70~2SI+5~

52~I~,67

798~07~,92

~7,507.1~

18,813.8S

26a987.88

~1~$16.04

85~180l~2

~,873~900.~2

6~858,1E

~4,858.28

10,583.32

1,5$7)O~&.S~

RUN DATE: 26-JUL-0&PAGE: IIIMII02E

UNREALIZED

S0,542.10

5~591.01-

2~882.75-

19,611.52

ISO~2B&,I4

2~672.06

2~699.~8

1G,B6~.O0

3,005.$5

76~.08

1~083,E9

l~,IO6.OI

~5)I15,77

92.86

10,982.28

14)9~I,09-

55~12S,87

"i!I

!

UsN GO0010OqHEST PENSION TRUSTTOTAL PENSION

SHARES/PAR VALU~

1BO~G0[.0000

2~,081.0000

1,158.0000

17~879.0000

2&,S0~.0000

~[S0.0000

1~778.0000

~,07~.0000

~jOST.0OOO

l~O~S;O000

500.0000

771,0000

I~0~,0000

76~78.0000

I~478.0000

558,0000

E~00 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 2005

~.~C~RITY OESCRIPTIOH

GARDEN RESTAURANTS INC

DAVITA INC COH

DAYTON SUPERZOR CORE WTS TOPUR i~4A EXP 06/15/Z009

DEAN FOODS 00con NEW

DECODE GENETIC~ INC

DEERE & Do CON

GEL MONTE FOODS CO COH

DELL INO CoN

DELPHI CORPORATION

DEHBURY RE$ INC CON NEH

DELUXE CORP CON

DENTSPLY INTL ~HC NEW CON

DEVELOPERS DIVERSIFIED RLTYCORP GUM

~EVON ENERGy CORP NEW toM

DEX MEDIA INGNOW cusIP 7495~W507

DIAMOND OFFSHORE DRILLING INCCOH

COST

5,938~09.Z~

965~956.29

11.5~

~4~,396.5S

206~988.45

162,192.05

19~52.~.S6

8,~29,I62,20

4S~884.75

¯ 21,0~9.E6

18,665,01

4~,~54.22

40~544.16

22~347.8~

3B.BBO0

50.6400

0.0100

~7,6~00

8.2~00

6S.IIO0

10o4300

2~.9500

0.2910

22°7800

30.1400

5~.G900

~7,0200

&2.E4O0

27,0~00

&9.5600

MARKET

7~0~I~756.BB

11,5S

~73,~23,1~

218~914.7S

148~79,88

18,5~.54

2~489,009.24

2S,875.~4

15~070.00

42~468.7~

4,782,934.12

$8,814.48

RUN DATEr BG-JUL-06PAGEt 112Ml102E .

UNREALIZEO

1~0~3~7.~0

202~865.5E

0,00

25,926,59

11~926,$~

I~,712.25-

981.S2-

940,152.90-

44,404.41-

2,81~.SS

3,5~5.01-

2,779.82

I+397~319.~6

4~772,3~

16~4~6.60

Mellon

USN O000100QNF~T PENSION TRUSTTOTAL PENSION

~HARES/

3~7.0000

713,00o0

1,0000

8G~ O$~,OO00

ql,226,0000

24j79~.0000

2~4,0000

50,624.0000

13j 200,0000

3q4.0000

2,903,0000

50,259.0000

3~ 04O. O00O

771.0000

3,722,0000

1,835,0o0o

2Kj028.O000

%QWEST PENSION PLAN ~1

E[N 84-1339282 PLAN NUMBER: 005SCHEDULE H, LINE 41: SCHEDULE OF ASSETS


550o SCHEDULE oF INVE~TH~TS AT END OF PLAN YEAR31 DECEMBER 2005

~ITY DESCRIPT~0N

DICK~ SPORTINO GOOD3 INO OC�OH

DIEBOLD INC

DICKS CLOTHING&SPORTINg gOODSINC HT3 TO PUE CLD EXP $11/97

DILLARD$ IN¢ CL A COH

DIME BANCORP ING NEW WTS TOPUR EXP 00100/2005

DIRECTTV GROUP £NCCOH

DISCOVERY HLD~ CO DOM ~ER A

DISNEY HALT CO C0H

DR REDDYS LABS LTD ADR

DOLBY LASORATORIES INC DL A

DOLLAR GEM CORP coM

DOLLAR TREE STORES IND

DOMINION RED INO VA NEN COH

DONALDSON INC

DONNELLEY R R & SONS CO OOM

DOVER CORP tOM

DON GHEH CO GOM

cost

14,717.&I

39,7~5.50

0.O0

1,975,708,$1

7,832.94

414=528,16

40)099,88

I=409=695.22

245~270.01

7,798,48

G0,144.00

832,93~.04

205p929.65

25sI19.19

131~3~9,40

7S387E.02

1,238,~39.63

33,2400

38.0000

0,0000

~.8200

0.I300

14,1200

15.1500

23.9700

2~.&O00

17.0BOO

19,0700

2~.9400

77.2000

31.8000

~4.2100

40.4900

43,8200

MARKETVALUE

12156~.88

27~09~.00

0.00

2j13~jS~9.O&

550,~7,7G

40,056.~0

1,Zl~,~57.RS

32&,3RO.O0

S,8~5.20

SS=B60.ZI

724,400.46

234,KBB,00

24,517.60

127,329.~2

74±218.17

1~09~,72~.96

RUN DATE: 26=JUL-06PAGE: I13MI~O2E

UNREALIZED

1,85~.73-

0.00

15~650,75

~q~380.<0-

~.~8-

196=257,94-

65.047.39

1~933o2S-

~,783,79~

1~8,553.5~-

28~758.~7

801.3~-

~,019.7~-

141~712.67-

USW G000100Q~EST PENSION TRUSTTOTAL PENSION

~HARES/

545.0000

9~209,0000

~00,000~

I~G,O17.0000

186,~4<.0000

1,5~0.0000

648.0000

56,0000

2,73~.0000

130~77.0000

1,304.0000

69,03&.0000

97.694.0000

154,700.0000

543.0000

68~791.0000

2~583,0000

1,255.0000

5500 SCHEDULE oF INVESTMENTS AT END oF PLAN YEAR31DECENBFJ~ 200~

¯ ~E~URIZY DESCRIPTION

DON JONES & CO IND COM

DOHNEY FINL CORP COH

DREAHHORK$ ANIMATION ~KG INSCL A

DU PONT E I DE NEMOURS & COGOH

DUKE ENERGY CORP C0M

DUKE REALTY CORPORATION

DUN & BRADSTREET CORP DEL NEW

DURECT CORP tOM

DYNEGY IND MEN CL A

EHC CORP MAS~

ENSDO INTL INC SOM

LOG RE$ INO tOM

E TRADE FINANCIAL CORP

EARTHLINK IN~ COM

EAST WEST DANOORP INC CON

EASTMAN DHEM co CoM

EASTMAN KODAK CO COM

EATON CORP

COST

23,467.71

600=059.98

10,44G.52

~,7~,460.43

3~275~3~B.B7

~5~747.~1

38,653.21

12G.Sl

1,936,703.9&

41,388.93

3~$89~$89.32

1~601,~97.16

17,55~.71

3,7~5,57~.oi

~3~252,8&

92,480o56

.EEL~E33.~900

68.3900

24.5600

~2.5000

Z7,4~00

33,4000

GG,g&O0

3.0700

~.3~00

13.6200

4~.3500

73,3700

20,8&00

11.1100

36,4900

~I.B~00

2~.4000

67.0900

MARKETVALU~

19~342.0~

629,503,31

9,&2~.00

283.92

13,257,~0

1,775~73~.7~

57~8~2.40

5,065,171.~2

2~0~7,8~G,8~

1,718,717,00

I~,814,07

~,54~>927.G9

80,442.20

86,o76,~7

RUN DATE: 26-JUL-06PAGE: 114MIIO2E

UNREALIZEDGAIN/LOBS

4~125.60-

29~763.53

GZ2.BZ~-

I05,737.95-

1E2,710.07~

791.GI-

4,73~,87

157.41

601.71

t6Z,971.24-

16,<43,4~

1,17S,2BR. O0

550,420.10

216>&50.32-

22,&10,6~-

6,~04.09-

Mellon

U~H e000100QHEST PENSION TRUSTTOTAL PENSIOM

~HARE~/PAR VALUE

I~2~6.0000

51a802.0000

2j0SS,D000

I~725.0000

89j849.0000

671.0000

579.0000

724,0000

1~,859.0000

2,&96,0000

61~6~1.0000

3~170,0000

27)749.0000

&CO.O000

511.0000

750.0000

QWEST PENSION PLAN ’~=~~

EIN 84-1339282 PLAN NUMBER: 00bSCHEDULE H, LINE 41: SCHEDULE OF ASSETS


5500 SCHEDiJLE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER ?005

S.~C__~’TL~ DESCRIPTION

EATON VANCE CORP NON VTG CoM

EBAY INO COM

EDHOSTA~ COMMUNICATIONS GORPNEW CL A

ECOLAB INC CGM

EDISON INTL COH

EDUCATION MGMT GORPCASH MERGER

EDWARDSLIFE SCIENCES CORP COM

EDWARDSA O ING C0M

EL PASO GoRP tom

ELECTRONIC ARTS

ELECTRONIC OATA SYS CGRP NEWCDH

EMDEON CoRPCOM

EMERSON ELEC CO CON

EMULEX CGRP NEW

EHDO PHARMACEUTICALS HLDG~ INCCOM

ENERGEN CORP

COST

32,228.72

2,8~6)708.27

G8)267.29

60j599,27

2mOOOjEO~,~l

22)149.72

BS~BBO,S7

31j284.05

171,6~4.SI

l&6j120.60

1,44Sj74~.95

26~71.18

1~94S)204.9~

10j794,30

10~763.43

25,995,00

27,~00

4~;2500

27.1700

$6.2700

~3,6100

$3.5100

~1,6100

46.8600

12,1~00

B2.5100

24.0400

8,4600

74.7000

19,7900

30,2600

36.5200

MARKETVALUE

2,259,950.E0

55,854.35

62,565,75

3j9~8~$Iq,89

22,485,21

2~,092.19

3~,926.64

180,685.44

t41,027+76

I~482~090.04

26,9~7.40

2,072;8~0.30

11,87~.00

15~462.86

27,240.00

RUN DATEz Z6-JUL-0~PAGE= 115MII02E

UNREALIZED

60&,757,77-

12,4~2,9~-

1,9&6,~8

1~017,810,58

3~5,~9

2,642.59

8,9VI,13

2S~092.84-

516.22

127,6~5.$7

1)079,70

4)699.43

1)245.00

USH GOO0100qWEST PENSION TRUSTTOTAL PENSION

SHARES/

i,$16.0000

63,215,0~00

49.0000

22~3~7.0000

1,I70.0000

1,112.0000

97)268.0000

2,574.0000

25)000,0000

~flT.0000

2~,0000

12~233.0000

I~3~6.0000

2,040.0000

1)011.000~

5500 SCHEDULE OF INVESTMENTS AT END oF PLAN YEAR~I DECEMBER z005

~ECURITY DEBCR~PTj~J~ COST PRICE

ENERGY EAST CORP COH ~5)110,90 ZB.SO00

ENERGIZER HLDG~ INC GOM 3~631~062.04 49,7900

ENGELHARD CORP 1,606)759.96 30.I~00GASH MERGER

ENTERASYS NETWORKS INC 0.00 15,2~00CASH MERGER

ENTERSY CORP HEN GOM 1,513,85~.08 ~8.&500

E~UIFAX ING COH $2,877.01 36.0200

EQUITABLE REG INC COM ~j726.9~ ~6,6900

E~UITY OFFICE PPTYS TR COM 2,846~279.77 ~0,~00

EQUITY RESIDENTIAL SH 95,127.54 59.12oQBEN INT CoM

ERIGSSON L H TEL CO ADR GL B 724,270.00 34.4000SEK 10 NEW

ERIE ~NDEMNITY CO CL A 20,520,71 S~.20OO

ESSEX PPTY TR 21,816.32 92.2000

EXELON CORP COM 577)177.15 53.1~00

EXPEDIA INC DEL 379,0~g.65 2~.9600COH

EXPEDIA INC GEL NT EXPEN 4,458.61 4.3050

EXPEDITOR~ INTL WASH INC CeM 56,~9q.68 ~7.5100

MARKET

3O~OOq. BO

~,I47~74,B5

1~79#~9~.20

650.72

1~$37,554.05

~4,4s~,40

40~799.28

2,750,I~8.44

100)&9~.B8

791)200.00

20)588.40

23~603.20

650~0~I.62

368:645.56

B,762.20

68~2~2.61

RUN BATE: 26-JUL-06PAGE= 116M1102~

UNREALIZED

S~I06,10~

4B~,557.19-

27~241.76~

G50.72

11~606.~9

7,072.50

105,858.67

~,567.$4

66)950.00

Z67.69

1,7~G,88

72,a~4,47

10,401,O9-

~S~3.B9

11~737.g5

Mellon

USW G00DI00QWEST pENSION TRUSTTOTAL pENSION

SHARES/PAR VALU~

1,0~2.0000

2j225.0000

568,999.0000

EOa. O000

6~9.000Q

12j112.0000

3b~59.0000

6~5.0000

41,510.0000

1,~01.0000

I~172.0000

29,K28.0000

45,360.0000

5~9.000~

~8,057.0000

a56.oooo

2,680.0000

QWEST PENSION PLAN ......~~

EIN 84-1339282 PLAN NUMBER; 00bSCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


5509 SCHEDULE OF INVESTMENTS AM END OF PLAN YEAR31 DECEMB£~ 2005

S o COST

EXPRESS SCRIPTS INS GOH STK 40,SBg. G& m3.B000

EXTREME NETRORKS ING COH 14,575.7B 4.7500

EXXON MOBIL CORP 29~4gI,$42.98 5&.1700

FLIR SYS INS 19,~92.16 2~.B~O0

FHC TECHNOLOGIES IHC COH 21j541,02 42.9200

FMC GORP HER COM 687,530,81 55.1700

FPL GROUP INC COM 129j280.15 41.560~

FAIR ISAAC INO SOH 253271.82 44.1700

FAIRCHILD SEHICONBUCTOR INTL 651,717.41 1~.9100INC CoR

FAMILV DLR STORES INO 62~902.gB 24,7900

FASTENAL Co 36~074.18 ~9.1900

FREDDIE HAG CORP COH 2,18~,583.83 &5.$500

FANNIE MAE 3~042~759.~4 ~8.O1O0

FEDERAL RLTY INVT TR SHE BEN 27,B~9.36 &0.6500INT NEN

FEDERATED DEPT STORES INC DEL 3j178w061.60 66.~S00CON

FEDERATED INVS INC PA CL ~ 26,022~4] 37.0400

FEDEX CORP COM 263,689.7& I03,3900

RUH DATE: 26-Jut-0~PAGE: 117HII02E

U$N GOOO1DOQ~EST pENsION TRUSTTOTAL PENSION

~HARES/

54~+0000

280.0000

I~01.0000

19~B~3.0000

850,0000

G9~71~.oooo

1,157.0000

9,41&.0000

I~687.0000

~55+0000

i02~129.0000

97~.0000

12~127.0000

30~114.0000

3Z~400.0000

1,395.0000


c

F5 NETWORK IHO ooM

FIDELITY NATL T~TLE GROUP INCCL A

FIBELITY NATL FINL CQRP

FIFTH THIRO ~ANCORP

FIRST AMERICAN CORP COH

FIRST 9ATA CORP COH

FIRST HORIZON NATIONAL CORPCOH

FIRST HARBLEHEAD CORPCOH

FISERV INC CON

FIRSTHERIT ~ORP

FIRSTENERGY CoRP CBM

FISHER SCIENTIFIc INTL INC COHNEN

FLORIDA ROCK INDS INS

FLUOR CORP HEN COM

FOHENTO ECONOMICG HEXICANO SACV NEN ~POHGORE9 ADR REPT$O I

FOOT ~OGKER INC coH

57.1900

2~.3500

3~.7900

57.7200

45.3000

4~.0100

~8.4~00

32.8~00

4~.2700

2E.9100

48.9900

49.0600

77.2600

72.~100

2~.5900

RUN DATE: 26-JUL-06PAGE: 118MUO2E

UNREALIZED

S,949.12

322.00

12,379;95-

79)157.39-

8,43~+75

5B~469.12

5~0~.20-

~7,&72+50

5+195.9<

I09~6B8.~8

557.53-

~0~070.21-

597~750.91

G~4,760.o0

~,65g.32~

Mellon

UGH G000100QHEST PENSION TRUSTTOTAL PENSION

SHARES/

235~009.0000

706.0000

98~$6.0000

~46,0000

]±279.Q00Q

7j000.0000

2~89G.0000

]~S57.0000

90#200,0000

11~B~1.0000

]~29G,0000

]j510.0000

12OjlO0.O000

8q5.0000

2t117.0000

Sp28G.O000

QWEST PENSION PLANEIN 84-1339282 PLAN NUMBER: 00b "


~00l SCHEDULE OF INVESTMENTS AT END oF PLAN YEAR~1 DECEMBER 20o5

S~.ECURITY DESCRIPTION

FORD MTR Co DEL CON PAR $o.oi

FOREST CITY ENTERPRISE~ INCCL A

FoREsT LABS INC CL A OOH

FOREST OIL OoRpcoH PAR $o.o1

FORTUNE BRANDG INC con

FOUNDRy NETWORKS INc COH

FRANKLIN RE3 INC ~OM

FREEPORT MCMORAN COPPER B

FREE, GALE SEMICONDUCTOR INCCON CL A

FREESCALE SEMICONDUCTOR ING OLB

FRIEDMAN BILLINGS RAMSEY GROUPINC NEH CL A

FULTON FIML CDRP PA

GATX CURP CON

GALLAGHER ARTHUR J & OO

GANNETT INC COH

GAP INO CON

COST

S~391~160.20

20t515.I7

4~95j035.19

25j008.44

96,807.12

92,120.00

201ss45.72

~9~22.00

I~613,~70,71

2,165,925.68

25b129.~5

28~15G.51

4,455j576.15

27,$96.24

172,958.92

111j6~0.34

7,7200

$7.9300

~0.6800

~S.$700

78.0200

13.8100

94.0100

~s.DOOO

25.1900

2S.1700

~.ug00

17.6000

56.0800

30.8800

S0.5700

17.6400

MARKET

lj798~8~9,q8

2G~778,58

4~00%258.0~

2~)881.22

9?,787.58

~6,670.00

272)4~0.98

8~,766.60

2~272, I~8.00

2~915,717.~7

12,8~0.40

26,~7~.00

4,3~,208.00

26~093.&0

12~26.6g

9SjR~E.04

RUN DATE: 26-JUL-0~PACE; I$9

UNREALIZED~ A.=E~IEa.Q~A

38S,77~.11-

1,872.78

2,980°46

4,550.00

70~E95.2~

24~3q~.60

658~S67.29

7~1~792.29

12,299.05-

122~3&8.13-

1.~02.S4~

44~732.25-

IG~595,30-

t

USN GO0010OqHEST PENSION TRUSTTOTAL PENSION

SHARES/

~901.0000

75~181,0000

I~T6&.O000

1~130~687.0000

1~2,0000

2~6o0000

4,I4So0000

I~87.0000

1~855.0000

II5,L~G.oO00

56,29~.0000

q64+0000

17,(80°0000

~98.0000

19l. O000

7,$2~.0000

26,~1~.0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR21 DECE],IBER 200~

SECURXTY PE~CRIPTION ~ PRICE

BEN PROSE INC NEW 232~085.77 ~6.7900CGH

GENENTECH INC 6~07~787.12 92.5000

GENERAL ~YNAMIOS CORP con 184,8&?.14 11~.0500

GENERAL ELEO CO CoN 41~I$4,S05°2~ SS.OSO0

GENERAL GROWTH PPTY3 ZNC 67~=456.S4 4~.9700

GENERAL MLS INC con 129,089,21 49.~200

GENERAL HTRS CORP GUM 166~0~G.69 19.4200

CENTEX CORP CON 27~52~.5~ 19.5000

GEMUIN~ PARTS CO COH 650~38S.3R ~3.9200

GEN~ORTH FINL INC 3,B99,417.1~ S~.ES00CON

’OENZYHE CORP COH 3~406~274,70 70,7800

GETTY IMAGES INC tom $I,9~.42 09.2700

GILEAD SCIENCES INC CON 611~62S,22 ~2.6~00

GLOBAL PHTS INO DON 17~78S.82 46.6100

GLOBAL SIGNAL INC 7,528.40 ~3.1600COH

GOLDEN HEST FINL CORP DEL GgH ~9~915,51 66,0000

GOLDMAN SACHS GROUP INC GUM 2:758~21.0~ 127.7100

MARKETVALUE

2~9~1%9,79

6,~54,2~2.50

201,~12.50

39j630~$79.$5

876~457.~8

128~054.72

80~95.90

28~975.50

652~343,76

3,98~77,68

3~984~B~,Z2

41,~21.28

919~72.~0

27,872.78

8±502,~2

~8S~38~,00

3~$75~970,q9

RUN DATE: 2~-JUL=osPAGEt 120MIIO2E

UNREALIZED

7~03~.02

879,~53.~8

16~54~.16

1~564,226.89-

202.001.14

GS,SS2.7~

1,472.12

58~;0S0.50

578~21~.G2

9,~7~,G6

~08,3~7.1G

I0~083.96

I~17~,12

~3~470.19

615,44g.44

Mellon

USN G000100QNEST ~EN~ION TRUSTTOTAL ~ENSIOR

~HARE~/PAR VALU~

I~066.0000

133~661,0D00

~0,496.0000

6T0.0000

726,0000

1,064.0000

6;6,0000

52x67~,0000

16#6~,0000

94~776.0000

973.0000

~9o0000

~m35~.0000

22m930,0000

B~,0000

~$8,0000

2,53~.0000

..... 7)

QWEST PENSION PLANEIN 84-1339282 PLAN NUMBER: 00

SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS(HELD AT END OFYEAR)

5500 SCHEDULE OF INVEgTMENTS AT END OF PLA~ YEAR~i DECEMBER 2005

SCRIPT ON COS T P~ICE

GOODRICH CORP 35~566.68 41.1000

GOODYEAR TIRE &RUBR CO COH 2j131j668.78 17.~800

GOOGLE INC CL A 7,779=963.B6 4%4.8600

GRACO ING COH 25,02~.54 36.4600

GRAINGER W WING COH ~8~66.15 71o1000

GRANT PRIDECO ING.COH 21~355,22 ~*1200

GREAT PLAINS ENERGY IN~ COH 20,469.~0 27,960~

GTECH HLDGS CORP COM Ij366,916,27 31,7400

GUIDANT CoRP COH I~204j227.90 &4.7500NON CUSIP I011~7107

HCA INC ~,549n908.67 50.5000

HCO INS HLDGS INC CGH 21,~83,84 2?°6800

HNI CORP 25~556.45 54.9500coM

HRPT PPTYG TR COM SBI 43~029,71 I0.3500

HALLIBURTON CO coH I~31S,430.55 61.9600

HANOVER COMPRESGOR CO COH 1~2~1.66 14.1100(HOLDING COMPANY]

HANOVER INS GROUP INC COH 18=319.14 41.7700

HARLEY DAVIDsON INC COH 154~001.27 51.4900

MARKETVAL~

44,6~4,60

2)~2~0~8.15

12~651~570.56

24~4~I.60

51~618,60

46~94~.68

18~900.9&

X~GTI~904.G0

I~076~906,7~

~786,188.00

28,878.64

32,353.77

34,724.25

1,420m7q2.80

I~155.24

23,~07,66

130#527o15

RUN DATE: 26-JUL-06PAGE; i~IMII02E

UN~EALIZE~

9,067.92

~91>IS9,40

4~871,606.70

582,94-

~252.~7

25,sIL~61~56&.34-

304~988.25

1R7m2~I.15=

~39~.80

6~997,32

I05.~12.25

76+44~

~,988.$2

23.~14.12-

UsH G0001O0QHEGT PENSION "IIl~USTTOTAL PENSION

SHARE~/

~3~.0000

l~7E,O000

1,X44.0000

~25.0000

SZo,0000

2,~72.0000

1,S03.0000

~00.0000

1~259.0000

2~100.0000

~4.0000

~59.0000

9~7.0000

65,5~4.0000

12~,~Z9.0000

22~0l~,0000

16~ ~80,0000

~56,0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR~1 ~ECEHBER 2005

~ECURI,.TY,,,pE~CRIPTION

HARMAN ZNTL IN~S INC NEW tOM

HARRAH; ENTMT INC tOM

HARRIS CORP DEL tom

HAR$CO CORP

HARTE-HANKS ING COH

HARTFORD FINL SVCG GROUP INCCOH

HA$BRO INC CQH

HAWAIIAN ELEC IND~ INC CoH

HEALTH CARE PPTV INVS INO tOM

HEALTH M~MT AS~OO INC NEW CL ACOH

HEALTHCARE REALTY TRUST INC

HEALTH CARE REIT INC COM

HEALTH NET INC =OH STK

HEARST ARGYLE TELEVISION INC

HEINZ H J CO DOH

HELMERICH & PAYNE INC COM

HERSHEY COMPANY COM

HE~ITT ASSOCG INC~OH

COST

63,931.19

119~272.99

55j~43.90

15~509.61

176)~25.~4

29~128.17

23,320.02

34~861,7Z

49~640.5&

17~324*GB

21,325o85

26,762.51

1,656~69~,G5

~,S09x507,91

1~28~,508,~7

I~020~97~,9g

II~595,5B

PRICE

97.8500

71.2900

45.0100

67.~100

R6.~9o0

85,69o0

20.1800

?,L~.9000

25.5600

21.9600

35.2700

~3.9000

~1.5500

25.6E00

3S.7200

61.9100

55,2~00

28,0100

MARKETVALU~

52~1E~.05

112,281.75

49,203.44

!~,72Z.80

-220/~0~.08

20~720.00

32~180.04

47,872.80

14~771.S8

IB~9~0.10

47~7G6.85

1~511,708.~0

~192~73.8G

1,~&2,824.8~

904,995.00

9,971,56

RUN DATE: 26-JUL-06PAGE= 122HIlO2E

UNREALIZED

11~777.14-

6,991.24-

1~857.S4

4,978.70

213,19

~2,505.74

1~202.57

2~600.02-

2~681+68-

1,767.76-

2,553,00~

2~375.75-

21~02~.~4

1~5,166.q8-

317)136.03=

77~236.56

125,g7g.~9-

I~42~.02-

t

Mellon

USH GQO010O~NEST PENSION TRUSTTOTAL PENSION

SHARES/PAR VALUE

qlB~G18. OOOO

qgs.0000

12&n159.0000

3G,551.0000

~j~54.0000

l~j662.0000

6GGoO000

6~0.0000

I~29.0000

3p177,0000

36~.0000

619.0000

13~94~.0000

$3,B00.0000

81,204.0000

l~jO~9.0000

75,024+0000

OWESTPE.S,O. LA. /)EIN 84-1339282 PLAN NUMBER: 00


5500 s~HEDULE OF INVESTMENTS AT ENO OF PLAN YEAR31 DECEMBER 2005

O o COST

MENLETT PACKARD CO OOH 9~257~892.89 28.6300

HILLENSRANO INOS INC CoN 27~492.31 49,4100

HILTON HOTELS CORP COH ¯ Z,558,lB2.Z9 24.1100

HoME DEPOT INC COH 1,552,944.92 40.4800

HOMESTORE INC CON 5j~16.00 5.I000NON CUSlP 62458HI08

HONEYWELL INTL INC coH 4BBjSIB,15 37.2500

HORMEL FOODS CORP COH Z0~879.12 52,6800

HosPITALITY PPTYS TR COH SHS 28~980,0~ 40.1000BEN INT CON

HOSPIRA INC ~4,582.53 42~7~00

HOST HOTELS & RESORTS I~C 54t962.11 18.9500

HOVNANIAN ENTERPRISES INC OL A 18,025.30 49.~400

HUBBELL INC CL B 32,373,71 45.1200

HUOSON CITY BANCORP INC CoH 1,50~,28~,87 12,1200

HUDSON UTD BANCORP COH 1~425j287,77 41,6800NON GU$IP 872~5AI01

HUMANA INC COH 3,010,028.65 5~,$$00

HUHAN OENOHE S~IENCES INC CON l&3~G77.17 8.5600

HUNT J ~ TRANS SVCS IN~ I~682,413.~1 22,6400

NARKETVALUE

11,985~035.3~

2~,457.95

$~0~I,693.49

1~478~774.88

6,90B.~0

508~909o50

21~76~.88

25,265.00

60,204.15

l~O&8,~

27,929.28

1~635,$45.52

1,408,784.00

~,411,813.32

119,403,44

I,~98,54~.36

RUN DATE: ~(-JUL-0~PAGE= l~SMIIO~E

UNREA~IZE0~AT~/LOS~

2~727~140.4~

q82,gI1,20

74~170.0~

I~489,40

25,094.35

885o75

S~717.05-

12,272.09

5,242.0~

43.&&

4,444.4~-

131,260.G5

14,50~.77=

1~401~784.G7

44~275,73~

I~130,15

i

.I

USN G000100qWEST PENSION TRUSTTOTAL pENSION

~HARES/

2slgB.pO00

84s795.0000

508.0000

~,0~0.0000

1~636.0000

1~985,0000

1,027.0000

514,0000

39~927.0000

~,900.0000

511.0000

345.0000

1~078.0000

23,000,0000

2~69.0000

~15.0000

5500 SCHEDULE OF XNVESTMENT~ AT END OF PLAN YEAR31 DECEMBER 2005

SECURITY DESCRI PT’r oH ~

HUNTINGTON BANCSHARES INO 54~4~&.~& 25.7=:00

HUNTSMAN CORP 760~452, OB 17.2200cOH

HYPERION ~OLUTIONS CORP 15,755;~1 55.8200coH

IAC/INTERACTI VECORP HT 9~,718.99 4,7900EXP IRIN~; 02/04/2009

TAG/INTERACTIVECORP 85,654.66 28.5100CON

IHS HEALTH INC COH 46~071.86 24,9200

ISTAR FINL INO 46,407.45 35.6500

ITT EDL SVCS INC CON 24.440.72 59.1100

ITT IND$ INC: INO COH ;~531~018.G9 102,8200

IClC BK LTU ADR 55V.. 59T, O~ 28.8000

IDEX CORP 19~387,34 41.Ii00

IDEXX LABS INC OOH 18,,855,57 71.98o0

ILL:[NOIS TOOL WK$ INO COH I~.390,450.01 87.9900

IMATIoN CORP cOH 078~279.58 46.0700

INCLONE SYSTEH,’~. IHO 925,085.81 34.2400

INAHEO GORY 26,, 248.75 87", G300NOVT OUSIP 018490102

MARKET. VALU~

52,202.50

599~169.?0

21,420,36

9,771=~0

46,51S,16

~,466.20

~6,612.~5

~0,~82.54

~,105~29~.14

7~5~920.00

21,007.21

24,553,I0

1,326~715.22

1,050~306,00

803s57~,5,6

36~$87.20

RUN DATE: 2&-JUL-0SPAGE= 124MII02E

UNREALIZED

2,263.9&~

161~82,15-

5,665,05

52.61

~9,330.50-

3~394.34

9~794.00-

5,941.82

584~275.45

18~,5~2,95

1,&19.87

5~999.53

65.716.79-

72,1I~.42

121~505.25-

10~138.~5

MellonQWEST PENSION PLAN ’)

EIN 84-1339282 PLAN NUMBER: 00~j,


5~00 SCHEDULE OF [NVE~THENTS AT END OF PLAN YEAR~1 0ECENBER 2005

SECURITY DESCRIPTOI~ COST PRICE

INCO LTD COH 1~5B5,~40.29 4~.5700

INDEPENDENCE CMRTV BK CORP COM 56~661,40 $9.7500CASH MERGER

INDYMAC BANCORP INC COM I,Z~l~954.6B 39.02~0

IHFORMATICA CORP COH 8,647,80 12.0000

INFOSYS TECHNOLOGIES SP ADR $I5,152.75 80.B600REPSTG 114 EQUITY SH

INGRAM MICRO INc CL A GUM 1,147,07a.88 19.9300

INTEL CORP 16~05g,707.&& 24.9600

INTERACTIVE DATA CORP CGM Bj730.15 22.7100

INTERGRAPH CORP 2,I22,407.Z2 49.6100

INTERMUNE PHARMACEUTICALS INC 2~4~S$5.0B 16.8000

INTERNATIONAL BANCSHAREG CORP 16,0~5.~5 2g.2600

COM

IBM CORP COM 15,~51~253.80 82.2000

INTL FLAVORS & FRAGRANCE~ INc 26~952.4& 23.5000C0M

INTL HYDRON CORP ESCROW SHS 0.00 0,0000

INTI~RNATIONAL GAME TECHNOLOGY 105.$11.92 30.780~CGM

INTERNATIONAL PAPER CO COM G0&t778.04 33.6100

MARKETVALUE

1,886~i.00

$4,207,55

1,515,419.74

12~7~0.00

365,~70.G0

1,1&4,72S.12

16,612~GEI.84

9~742.~9

2,191~640.~0

2~4,894.40

14,944o24

IZ,511~I$9.20

28,977.50

0.00

92,492,90

645=614.49

RUN DATE: 2~-JUL-06PAGE= 125Mll~2E

UNREALIZEOGAIn/LOSS

501~0~0.71

2,453.87-

177,485.06

~,1~ 2.20

48,7~7,2S

555,I~4.1&

6g~2~2.78

60,051.52

1,091.51-

2,!~0,09~,60-

7,975.76-

0o00

I0,813.02-

I&I~I6S.SS~

OSW G~O01pOQWEST PENSION TRUSTTOTAL PENSION

SHARES/PA~ VALU~

~5,$76.0000

39~.0000

1,42~.0000

3~771.0000

270.2230

2,171.0000

500.0000

1.4~.0000

~71.0000

622,0~00

968,0000

792.0000

73,4~.0000

4~.0000

I~7B~.OOO0

5500 SCHEDULE OF INVESTMENTS AT EN~ OF PLAN YEAR~1 DECEMBER 2003

SECURITY DE$CRIPTtO~ COST

INTERNATIONAL RECTIFIER CORP 1#~6~,2Z$,05 31.9000CGM

INTERNATIGNAL SPEEDWAY CORP CL 20,7~0,~2 47.9000A

INTERSIL CORP CL A 23,872.&~ 2~.S800

INTERPUBLIC G~OUP COS INCCOH S0~531.~Z 9.&~O0

INTERNATIONAL PEPSI-COLA 0,00 0.0000BOTTLER INV LTD

INTERWOVEN INC 2~,620,48 8.47~0CGH

INTUITIVE SURGICAL ~NG 73,41~.00 117.2700COM NEW

INTUIT tom 64,286.&S 5~.2000

INVITROGEN CORP COM 51~618.Z6 66.&400

INVESTORS FINANCIAL SVCS CP 51,087.56 26.8300

IRON MTN INC PA COM 29~514.~5 42.2200

ISIS PHARMACEUTICALS 4,672.BQ 5.2400

IXVS CORP WTG PUN 4/2/2o01 EXP 0.00 0.g0~0

I2 TECHNOLOGIES ING 750.Z4 1~.1100cOM HEN

IVAX CORP 2B~477.33 $1.~500CASH MERGER

MARKET

1,12~,494.40

18,524.70

55,478.88

~6,290.15

~.00

la,SBa.~7

93,B16.00

77,977.90

51,SS7.44

22,906.26

40,868.96

0.00

6~9.06

~6,01B.04

RUN DATE: 2~=JUL-06PAGE: 12&MIlO2E

UNREALIZED8AIN/LGSS

334~7~6,65-

1,925.72-

II,60S,26

14,141.27-

0.00

~232.11-

2~,39S.00

1]a591,25

230.52-

5,17g.$0-

I1,5~4.63

522.72~

0.00

27,540.7%

Mellon

UIW SOOOIO0QNEST PENSION TRUSTTOTAL PENSIO~

~HAREslPA~ VALUE

I97,I~9.000Q

~65,ZG7.OO0~

B0,8$&+0000

$5&.0000

2~091,0000

515.00o0

l,zgI.O000

1,452.500~

547J07~,0060

1,701.0000

20,688.6006

1,053.6066

11,Z24,666B

SO,SIS,0000

~09.0000

704.0000

USN G000106qHEST PENSION TRUSTTOTAL PENSIDH

SHARES/

2piED.0000

97G,0000

$3,~70.0000

1,569.0000

84~170.0000

1,830.0000

5,71~.0000

2~498.0000

12,452.0000

2,085.0000

675,0000

2,G65.0000

766,ac00

~B,~56.OOO0

571~926.0000

19,797.0000

1,049,0000

QWEST PENSION PLANEIN 84-1339282 PLAN NUMBER: 005 "


5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEARIt DEcEHBER 20OS

RuN ~ATE: 26~JUL-OGPAGE~ 127

HllozE

S C T 0~ COST

J~S UNIPHASE CORP cOH G2B,53~.gO 2.5600

JPMOROAN CHASE S CO COH 17,8~0~902.78 ~9,6900

JABIL CIRCUIT INS COH 15287,828.94 57.0900

JACOB& EN;R DROOP INC C0H 50,594.47 67.87o0

JANUS CAP GROUP INC 55,1~9.7Z I8.6500tOM

JEFFERIES GROUP INO NEW COM 20j744.21 ~4.9800

JEFFERSON PILOT CORP GuM G7,080,~? 56.9500cASH MERGER

JETBLUE AIRWAYS CORP 22,175.09 15.$800COH

JOHNSON & JOHNSON CoH 22~017~05~.55 &O.lOOO

JOHNSON CTLS INS COH 107j731,64 72.9~00

JONES APPAREL GROUP IN� GUM 610,710.70 30.7200

JOY GLOBAL INs 23~490,42 40.0000COH

JUNIPER NETWORKS INC sum 50~082.85 22.~000

KLA TENSOR CORP 2~716,507.10 49.$$00

KANA SOFTWARE INC 775.01 1.2500GOM NEW

KB HoME CUR ~9~02~.81 72.6~00

MARKETv~uE

4&B~696,44

18~4&&,447.25

1~8&5~B07,24

4B,I&5°~2

38~955.35

73,496.65

2~,031,8~

20~8B9~207.50

124,019.91

6~5,5~B,56

41,520.00

2~0~295.20

2~876~678.95

~05.07

5I,IBZ.&4

UHREALIZED

I~9~8~6°4&-

63S,544,45

597,675.$0

12,770.8~

$~805.&|

2,420,q9

6=~16.24

145.24~

I~157,827.05-

18,~e8.27

2~,S24.65

17,829.5G

1~0,571.85

~69.94-

12~129.53


RUN BATE: 26-JUL-06PAGEJ 128MllO2E

SECURITY DESCRZPTIp~ COST PRICE

KELLOGG CO GUM 9&~20.97 45.2200

KERR MCGEE CORP 56~515.64 90.8600

KEYCORP NEW COM 1~1~0,261.69 32.9500

KEYSPAN CORP 6~080.E~ 55.6900

KIMBERLY CLARK CORP SUM 4~880,~45.92 59,~500

KIMCO RLTY CORP COM ~2~$99,&0 $2.0800

KINDER MoRsAN INC KAN~ COH 415,150.71 91,9500

KINDE~ MORGAN MGMT LLC SHS 94,486.81 45.4&00

KINETIc CONCEPTS INO 478,516.05 59,7600COH NEW

KING PHARMACEUTICALS INC COM 25~8B3.98 16.9200

KNIGHT RIDDER INS 4E~0~0.64 65,~000NON CUSlP 579489105

KOHLS CORP SUM 151,160.~9 48.6000

KOS PHARHECEUTICALS INO GUM ~5~I0~.04 51,7300

KRAFT FOODS ING CL A 1,187,807.15 28.1400

KROGER CO SUM 7,091,096.7& iB.8&oO

LSl LOGIC CORP CON 108,487.54 8.0000

L-3 COMMUNICATIONS HLDOS INC 77,245.75 7~,3500COH

MARKET

95,511.98

88>861.08

1,098,874.t0

57,068.51

5,020~7~0.~0

58,706.40

525~10.~5

11~5~9.08

495,091°52

55,278.20

42,600.90

129,421,80

~9~6~5.18

9~9,E73,84

7,021,962.88

158,37&JO0

77,993.15

UNREALIZE~

~,108,99~

52,542.44

&,OI2.Z4-

&,006.80

110,159.64

19~072,27

16,575.47

9~4~4.~2

2,44V,74-

1,738,59-

5,479,86-

248~235,31~

69,153o~-

49,888,~&

747.~0

Mellon

US~ ;O00tO0~HF~T PENGXON TRUSTTOTAL PENSION

SHkRES/

1,165,0000

25,$70.0000

54,693.0000

2,544.0000

763°0080

BaZ.OOOO

7,370.6000

I~196.0000

478.0Q00

62~.0000

490.0000

20j154.0000.

897.0000

2j475.0000

ljlSS.0OO0

39j500.0000

70S.0000

OWE++PEN+O.P’A. :+)E[N 84-1339282 PLAN NUMBER: 00- ,



~RCURITY DESCRIPTION ~

LABORATORY CORP AMEN HLDGS 5B~0~0.~ 5~.8500

COH NEH

LAFARGE NORTH AMERICA [N~ 1,415j455.05 55.820Q

LAIBLAH INTL INc 1,561,811.9~ 25.~300

CaM

LAH RESH CORP CON 65~11H.19 50,6800

LAMAR ADVERTISING CO CL A 52j641.16 46.14oo

LANOGTAR GYS INC ogH i&,069.02 41.7400

LAG VEGAS BANDS CORP $~ljGgB.65 59.670Q

CaM

ESTER LAGDER COS INO ~L A 53,455.97 33.~800

LAUREATE ED INC COH 21~276.1& 5E.5100

LEAR CORP CON 58jSI4.Z9 2G.4600

LEE ENTERPRISES INO COH 22~947.85 36.9100

LEGGETT & PLATT INC COH 562,404.37 2~.9600

LEGS HA$ON INO &5,841.54 159.690o

LEHHAN BROS HLDGS INc coH 216,513.0t 12D.1700

LEHMAN CORP CON 65~415.~9 61,o200

LENNOX INTL INO COH 1,144,059.32 28.2000

LEUCAOIA NATL OORP CON 32,701.93 47,4600

UNREALIZED

~694.92

I?~265.5B-

91~295.55-

18~51~.75

8+225.6&

61~I04.75-

15,~11.87-

$,G~5°60

B0+441,4~

4,566+67-

99,660.~$-

410520.59

100,707.74

4~$42.57

30,13~.52-

804,B5

U~ ~000100QNEST PENSION TRUSTTOTAL PENSION

P.NLBtaL~10,700.0000

16,~9.0000

180,647.0000

~25.0000

N~5.0000

m9,705.oooo

lO2,~2~.ooo~

17,619,oooo

79,63~.0000

1~1.0000

20,057.0000

I~064.0000

22,912.0000

87,6~7.0000

I8~2~6.0000

5500 SCHEBUL~ OF INVE~THENT~ AT END OF PLAN YEAR~i DECEMBER 2005

~LCURITY DESCRIPTION

LEVEL 3 COMHUNIDATIONG INC

LEXHARK INTERNATIONAL INC COM

LIBERTY GLOBAL INO COH SER A

LIBERTY GLOBAL INOCON $ER C

LIBERTY HEDIA CORP NEN CON S~RNON CUSIP 53071MIO~’BSoTIM30Z

LIBERTY PPTY TR SHS BEN INTCO~

LIFEPOINT HOSP~ INc CON

LILLY ELI ¯ CO COH

LIMITE~ BRAND~ INC

LINCARE HLDBS IHC coH

LINCOLN NATL CORP INg CON

LINCORP HLD~S INC COH

LINEAR TECHNOLOGY CORP COH

’LIZ CLAIBORNE INO CoN

LOCKHEE~ MA~T~N CoRP CoN

LOEN~ CORP CON

LOEHS CORP CAROLINA GROUP ~TK

cost$8~275.00

I~268,931.00

1,122,929.65

708,716.75

1,622~07B.07

55~559+31

270582.75

3,591,665.75

2,264,158,56

751,~50.49

5,905,571.35

0+I3

76~,371,43

44+911.47

5,417,927.42

6,817~505.~4

G&0, OZB.G&

P~2.8700

4~.0500

22.5000

21.2000

7.D700

42.8500

57.5000

56.5900

22.3500

61.9100

5~.0500

0.0010

5G+0700

~5.0200

65°6~00

9~.8500

43.9900

MAREET

50~70~.00

75S,54~.&7

934~290.00

801,868.80

1,421~6~1.89

55,26B°55

21,937.50

3,362,101.35

2~291~359.05

7BD~412,29

4,225~205.14

0.15

723,q55.99

38~11Z.48

1~457~B90.56

8,315~317.~5

71~661.54

RUM OATE~ 2~-JEL-06PAGEt IBOHII02E

UNREALIZED

5,564.00~

51~,590.93~

188,659.65-

~3~152.07

~O0~383.lG-

2~5,7&-

5~6~5.25-

9,562.40-

270230.49

13,038,20-

317,651.79

0.00

4S,915.44-

6,798.9~

37~965.14

i~496,014.61

54~6~2.8B

J

Mellon

USN GOoOlgoQNEST PENSION TRUSTTOTAL PENSION

SHAREs/

3IjqOO,QQ00

16O,Bg~.OOOO

SS,730o0000

1N~742,0000

I$7~914.0000

i~j898o0000

1,7�5.0000

ZI2,000O

6~,580.0090

iIj393,0000

3~2,0000

11j144.o~oo

2 6G9.000oi

11,sGsooooo

29~691,0000

521.0000

QWEST PENSION PLAN 005"~’)~ElM 84-1339282 PLAN NUMBER:


5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR~1 DECEMSER 2005

SECURITY DESCRIPTIDH. £~ PRICE

LONG~ DRUG STORE~ ~oRP COH I~91,~43.~B 3&.$900

LOUISIANA PAc CORP COM 4j169,692.26 37°4700

LOHES COS INC CON 3,22~945,94 66.6600

LUBRIZDL CORP 6BS,685,7~ ~3,4300

LUCENT TECHNOLOGIES INC COH ~iBj222,2B 2.6600

LUCENT TECHNOLOGIES INS WT 31,~58.64 0.5650EXPIRING 12/I0/2007

LYONDELL CHEHICAL Co con 50,485.~2 25,B200

M & T BK CORP CON 7G,782.09 I09.0500

MBIA INC tOM $~988j953.$2 60.1600

MBNA CORP con 3156921.5~ 27.I500NON CUSIP 060505104

M G C HLDG$ INO 22jI12.72 G1.9~00

MDU RESOURCES GROUp INC 29G,1~0.74 52.7400

NCI INC &&~507.65 ’19,7300NON CUSlP 92543V104

MEMC ELECTRONICS MATERIALS 55~&77,58 22.1700

MGIC INVT CORP WI~ CON 734~IS1.11 65°B200

MGM MIRAG~ 1~I~0~77.1& 5~,6700

MSO INDL DIRECT INC cL A 17,973..55 40.2200

MARKETVALUE

I~142~646.00

4~419~758.18

~714~961.80

BIS~DGS.0&

566~851.~4

11,242.~7

41,5~5.90

77,64~,&0

3~B85~1~2.30

509,319.95

20~77.~6

5&4~854o56

52,~59.37

~9,525.12

781~151,76

1,038~7~8.97

20,954.~2

RUN 3ATE~ 26~JUL-0~PAGE: 131MllO2E

UNREALIZE9

~49~297+58-

250=065.92

~88,015.8G

i~,279.~2

151,371,04-

8,899,32~

8~1.51

i0~,820.52-

1,355°36-

15~848.2&-

13,347,S~

47j020.65

71,808.19-

2, g81.07

USN GO00100QNEST PENSION TRUSTTOTAL PENSION

SHARES/

580.0000

G19.0000

95,860.0000

883.0000

l,O21.O000

9~79~.0000

95.0000

q,7q~.O000

2,1~2.0000

2&,126.0000

I6~8~3.0000

6~5.0000

$,BBS.000O

4,548.0000

Gl~.0000

20,148.0000

28,092.0000


~ITY DESCRIPTI~ ~OST PRICE

MACER~CH CO CON ~6,424.00 ~7,1400

MACK CALI RLTY CORP COH 28~492,58 45.2000

MANOR CARE INC WEN CON ~,659~722.~ 59.7700

MANPOHER IHC NI~ 42,548.92 46.5000

MARUGI~TICS GROUP INC 2~930.27 1.7500

MARATHON OIL CORP 512~03.93 60.9700CON

MARKEL HOLDINGS ~580.01 317.0500

MARSH ~ MCLENNAN COs ZNC CON 155,99~.$4 51.7600

MARSHALL & ILSLEY CORP 94~2~8.57 ~5.0400

MARRIOTT ~NTL INC MEN CL A 1,571~005,90 ~G.9700

HARTIN MARIETTA HATL$ INC CON 1,252~407.7~ 76°7200

MARVEL ENTHT INC 15,004.82 16.3800COM

MASCO CORPCOH 141,91~o06 $0.1900

HASCQTECH ZNC 0.00 0.0000ESCRON

MASSEY ENERGY CORP CON 21,634.05 ~7,8700

MATTEL INC C0M 570,75~,20 15.8200

MAXIM INTEGRATED PRODS INC CON I~15~4~.7~ S6.2~00

MARKETV~LUE

~8,~41.20

26~740.89

~812~$52.20

41,059,50

1~786.75

596~896.~0

$0~119o75

1S0~796.48

~I,761,28

I~7~9,65~.22

1,290,66o.~6

i0,~01.$0

0.00

$18,7qI.~6

RUN DATE: 2S-JUL=0SPAGE: i~2MII02E

U~REAEIZEg

2~517.20

I~751,78-

1~2~629.~5

1~589.~2=

1~145.52-

8~,392.37

4,460.26-

5~202,8~

2~477.29-

178~654.32

38,252.83

2~03.52-

2~30.91-

O.O0

1,807.48

Mellon

UGH GOQ010QQ~EST PENSION T~USTTOTAL PENSION

SHARES/

63,821.000o

38,40~.0000

1,277,000q

20,690.0000

32,11~.0000

10&,738.Q000

63j102.0000

Ie760.0000

485.0000

22j571.0000

2j205.0000

I24,~4S,0000

5,777.0000

36jS06.0000

l?~.O000

4tE,Sl0.000e

319.0000

QWEST PENSION PLAN ’~"~

EIN 84-1339282 PLAN NUMBER: 005 /


SS00 SCHEDULE OF I~VESTHENTS AT END OF PLAN VEAR31 DECEMBER 2005

D SCR

MCAFEE INC

HCCLATCHY CO (HOLDING CO]CL A

MCCORHICK & C8 NON VOTING

MCDONALDS CORP C0H

HCGRAN HILL COS INC COH

MCKESSON CORP OOM

MCLEOD USAING ESCROW

MEADHESTVAGO CORPCOM

HEDALLIANCE INC LIQUIDATIN~TRUST

MEDCO HEALTH SOLUTIOH$ INCCOH

HEDIHMUNE INC COH

HEDTRONIC INC C0H

MELLON FINL CORP CON

HENS HEARHOUSE INC COH

MERCANTILE BANKSHARES CORP

MERCK 8 ¢0 INC COM

HERCURV GEM GORP NEW

cost

I~795j555,52

2jG04s377,48

4g,292.21

666,890.76

1,SS1~12o96

4,466~98~.98

0°O0

$9~64~.~4

0.00

967,04B.55

59,777.54

8,50Sj192~16

I17,S02.50

1,199~047.55

40~402.84

12j~39,813.90

19~114,45

P~zc~

27.1500

$9,1000

$0,9200

33.7200

51,6300

51.5900

0.0000

23°0300

0.0000

55.8000

55.0200

57.5700

34,2500

29°4400

56.~400

31.8100

58,2Eo0

HARKETVALUE

1,731,~63,73

2,26%617.30

39,~B~.84

697.666.8o

1,658~097.45

5,506,61~.42

0,00

49~$32.80

g.0o

1,259,461,80

77,219.10

7, I64,I83,51

129,362.25

1,074,7~6.64

~654.56

13~121,943.10

18~572,18

RUN DAT£: 2~JUL-06PAGE: IS]MIIO2E

UNREALIZED

6~,071.7~-

~5~,760.18~

9,807.37-

~0,775.04

I06,78~,~9

l~059,G2~.q4

0,~0

10~313.~

0,OO

2~R,415.~5

17#4~1.56

658~991.55

iI,859.7~

124e310,91-

682,129.20

542.~g-

USN G0O010OqHEST pENsION TRUSTTOTAL PENSION

SHARES/

814.0000

445.0000

2~6.0~00

IO2,A58°O000

25#700°0000

75~245.0000

113,~17.0000

~49,0000

1,202o0000

4~50,0000

9~0,~1~.0000

1~927.0000

199~826.0000

5~625.00g0

70~56.0000

59~.0000

~89.0000

610.0000

1~93~,0000

5500 RCHEDULE. oF INVESTMENTS AT END OF PLAN YEAR¯ I DECEMBER 200~

~CURTTy OESCRrPTIOH

MERCURY INTERACTIVE CORP

HEREDITH CORP GOM

.HERITAGE HOMES GORP GOH

MERRILL LYNCH & Co INC

METHANE3{ CORP

METLIFE ING GOH

METROMEUIA FI~ER NETNORK CL A

HETTLER-TOLE~O INTL INC

M1CHAELS STORE8 INC GOH

MICREL INC

MICROSOFT CORP COH

MICROCHIP TECHNOLOGY INC GOH

MICRON TECHNOLOGY INC COH

M~GROTUNE INC DEL ¢L COH

MILLENNIUM PHARMACEUTICALS INC

HERMAN HILLER INC CoH

MILLIPORE CORP ~oH

HILLS CORP COM

MINDSPEED TECH IHOCoH

COST

2],99~,37

17~721.82

6~124~807.03

4&6,029.~4

2~967~0B.65

1,1~5.17

23~o38.2o

36~023.96

50,i41,00

24,814,~Z8.26

51~4S9.87

2~549~039.95

54,~5~.55

857,246.6~

19,1~7,61

24~3S7,11

3~,~93.61

5~73,74

PRICE

27.7?00

52,3400

62,9200

67,7500

18.7400

49.0000

O.OlO0

55.2000

3S.3700

~1,6000

26.1500

32,1500

15.3100

4,1700

9.7000

28.1900

66,0400

qI.~400

2,~500

MARKETv.~

~2,621.06

23,291.50

15,~78.$2

6~937,~80.34

44~,1~8,00

~,~89~005.00

1,155.17

24,784.80

~2eB14.74

5Z, 780.00

24~327,76~.46

GI~953.05

2,659,68~.06

23~47.91

I?,~$5.G7

52,293,56

25,585.~0

4,542.55

RUN DATE= 26-JUL-06PAGE= I~4HII~2E

UNREALIZED

14,258.10-

70S,07~

4,243+50-

81~,&73.~1

21,891.94-

&21.3~.57

0.90

1,746.60

6~490.78

487~1~4,06=

10,495.18

i10,&44.11

I0,908.62~

171~883,48=

~88,0~

7,~6.45

I~,310.ZI-

851.19-

Mellon

USH G008100qHEST PENSION ?RUSTTOTAL PENSIOH

SHARES/

531.0000

I J367+0000

4~6.0000

S?,809.0000

644.0000

&5,486,0000

9~787.000D

IjZEl.OOOg

1722639.0000

l,~Sq. O000

I~932.0000

110j393.0000

I~076,0000

42,450.0000

i~200.0000

37w023,0000

676°0000

SECURITY DESCR;PTIO~

MOHAWK INOS IWC CON

MOLEX INC OOH

MOLSONCOORS BREWING CO OL B

MONSANTO O0 NEW COM

MONSTER WORLDWIDE INC O0M

NOODYS CORP C0H

MORGAN STANLEY

MOSAIC COtom

MOTOROLA INC OOM

MURPHY 0IL CORP tOM

MYLAN LABS INO PA C0H

NCR CORP NEW

Nil HLOGS INC CL B NEW

NMT MEg INC COH

NPS PHARMACEUTICALS 1NO

NRG ENERGY INCIND

NTL INC gELNOW CUSIP 629qlWI01

QWEST PENS[ON PLANEIN 84~1339282 PLAN NUMBER: 005 /

SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS(HELD AT END OF: YEAR)

5500 SCHEDULE OF INVESTMENTS AT ENO OF PLAM YEAR~I DECEMBER EOO5

48~455.77

33j652.57

3,~01,361.52

2S,232.34

2~643~46.05

$43~$74.~

I?,16S.32

5j286,242.66

S9,113.14

3~jl&9.98

3~824j240.27

25,766.51

418j359,80

2~9,576.00

[jSS4~683,E2

4g~129.60

~6,980g

25.95Q0

&&.gg00

77.5~00

~0,6200

61,4200

56,7q00

1~.6300

22.5900

$3.9900

19,9600

33.9400

43,6800

16,0500

II.8400

47.1200

66.0800

MARKETVA~

46,1B6.3B

15~47B.65

29~877.54

4~616~991.77

4~022~I~0,12

5~5,314.36

18~302.13

3)897~656,01

79,041.~6

38>E62.72

5,746~908.12

681,001.~0

1~74~,523.76

~6~022.08

RUN DATE: 26-JUL-0~PAGE= 1~5HIIO2E

UNREALIZED

3,775.03-

1~S~,730,2~

6,219.7q

1~178~02,07

11,9~0.13

&11~413.35

19~928.22

~39Z.74

77~332.15-

21~233.17

262) 641,70

.91,4~5.00-

409~835.24

3~I07,52-

usw ooo~IooQHEBT PENSION TRUSTTOTAL PENSION

SHARES/

7.0000

846.0000

5~017.0000

654.0000

5g0.0000

1,506.0000

3,110~0000

~0,0Zg.0000

6ZB.OO00

775,0000

11,165.0000

24~.00o0

I09~17.0000

IZ,~94.0000

~Z~&.0000

~1,267.000~

5500 ~OHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 200S

~CU~DESCRIPTIO~

NVR INC

NALCO HL~G CO CON

NATIONAL ~ITY CORP COM

NATIONAL FUEL BAS CO N J

NATIONAL INSTRS CORP COH

NATIONAL OILWELL VARCO IMc

NATIONAL SEMICONDUCTOR CORPCON

NATIONWIDE FZNL SVCS INc CL A

NAVISTAR INTL CORP NEW COM

HAVTEQ CORPCOM

NEKTAR THERAPEUTICSCOH *

NELNET INC CL A

NES RENTALS HLDG INCOOM

NETIQ CORP COH

NETWORK APPLIANCE INO CON

NEW CENTURY FINL OORP MOCOH

COST

5,388.41

15,026.14

16~,377.98

2~)ZBT.TS

16~077.~8

5~559.27

BS,S24.52

1,148,641.47

27~619.4&

31,~61.19

225,979,61

8,680.15

1,082,258.29

158,656,75

106~771.60

1,121~155.97

PRICE702,0006

17.7100

~3.5700

~I.I?00

32,Q~00

62°7000

25.9~00

~4.0o0o

26,6200

45,6700

1&,4600

40.6800

I~.0000

12.2900

27.0000

36.0700.

MARKETVALU~

4+914.00

14~982,66

16B~420,69

26~656.26

1S,909.50

9~t426,20

80~797.80

1,~21~276.00

17~973.B6

35~79g.25

163,775,90

9~885o24

1,421,121.00

IS9~69&,26

B7~96.00

l~i27~B0O.Sg

RUN DATE: 26=JuL~osPAGE~ I~6MIIO2E

UNREALIZED

474.41-

4].48-

19,9~7,~9-

2,~48.4~

2,&32,02

40~886.93

24,97].28

172,634.53

2~536.0~

42,203.71-

1,205.09

33~8~2.71

19~07~.60-

6~6~4.7~

Mellon

USH GO00100QWE~T PENSION TRUSTTOTAL PENSION

SUARESI

25,~Q~:. OOOO

2,G57.0000

1.-364.0000

170j~OlO000

I.,/. 02.00 O0

25n 261,0000

20=932. OOO0

1 j~;19.0000

Ij616,0000

5l~. 5 81 ,OOOO

1.,=;~&, 00gO

7~=.7<S. 0000

171#I03.0000

57, 95~.0000

I~261 .OOOO

I~,79S.OOOO

%QWEST PENSION PLAN

EIN 84-1339282 PLAN NUMBER: 005SCHEDULE H, LINE 41: SCHEDULE OF ASSETS


$500 sCHEDULE OF ~HVESTHENTS AT END oF PLAN YEAR51 DECEMBER 20o5

SECURITY D~SCRIPTION ~ PRICE

NEW PLAN EXCEL RLTY TR INC COH 599~900.02 25.1800

NEW YORK CMNTY BANCORP IHC 50,~0.50 I6.5200~OH

NEH YORK TIMES Co CL A 55~651,ZI 26,4500

NEWELL RUBBERMAID INC ~=B~335S0.95 2~,7800

HENFIELD EXPL OO COH 32~0S5,57 50.0700

HEWMONT MINING CORP HOLDING C0 1,169,ZSR.99 5~,4000COH

NEWS CORPORATION OL A 555,[email protected] 15,~500

NEXTEL PARTNERS 27~143.54 27.9400CL A

HIKE IN� CL B CO~ 146sllI.&~ 86,7900

NIGOUROE INC COH 1=319=751.37 2O.@SOO

NOBLE ENERGY INC ~8~7~&.75 ~@.~OOOCON

NGRD~TROH INC WASH COH 2~0~9,~99.6$ 37.4000

NORFOLK SOUTHN OORP OOH GjOTG~66z.~6 44.8300

NORTHFORK BANGORPORATION INC 1.690=640.02 27.3600H Y COH

NORTHEAST UTILS COH 23~769.@9 l?.&gO@

NORTHERN TR CORP COM B7,2o1.12 51,82oo

MARKETVALU~

$97~040,74

40)~$9.6~

36,077.80

q~062,SlS.OO

$25,~2.60

~6,652.B6

140~252.6~

1,138,5S?.~6

2~@~2~7~.Z0

I~5S5~621,44

2~829,09

S5,016.90

RUN DATE: ~&=JUL-o6PA~E~ I37HllO~E

UNREALIZED

I~73.41-

219~282.0~

~3~1~I,77

179,&7~.41

2S~285.5~-

~,709,32

5,859.00-

181,191.71-

15.657,6~

785~575.5~

1,E9~,865.11

I0~,018.~8-

1,0S~.20

5~815.7S

UsW GOOOlO@QNESTPEN$ION TRUSTTOTAL PENSION

SHARES/AP~P,~AI,~E

[email protected]

12~245.0000

78~002.0000

I~223.0000

1=012.g000

2~971,0000

1,~64.0000

8@5,00Oo

14~222.0000

l#IO4.OO00

15,900.0000

69~,0000

2~,2~2.0000

~3,~OO.O000

~7.0000

12,278.0000

7,~0.0000

5500 SCHEDULE OF INVESTMENT~ AT EN~ OF PLAN YEAR31 DECEMBER 2005

.~z.~URITY DESCRIPTION

NORTHROP SRUMHAH CORP tOM

NORTHWEST AIRL$ OORP CL A

NOVELL INC

NOVELLUS SY$ INC

NSTA~ COM

NUCO~ CORP

NVIDIA ~ORP tOM

OGE ENERGY OORP COW

NUVEEN INVTS INC CL A

O~I PHAP-J~AOEUTIGALS INC COH

OCCIDENTAL PETE CORP CON

ODYSSEY RE HLDOS CORP COH

OFFIGEMAX IHC 9ELCOH

OFFICE DEPOT INO CON

OHIO ~A~ CORP

OLD REP IMTL CORp COW

OMHIOARE INC CON

OHNICOM GROUP INC U~DO.I~ COH

COST

4,2~3,222.07

133~37.85

~13~422,27

27~465,71

1,~07~251.95

34,S52,I2

B72~25.19

3)552)86~,~I

~00,~39.00

627~3~.10

1,007~51~.00

81~590.12

6~497.61

60.1100

8,8~00

24.1200

28,7000

66.7200

2S.7900

~2.62g0

2~.0~00

79.8800

2~.OBO0

25.5600

~1,4000

28.~200

26°2600

57.2200

8~.1~00

MARKETVALU~

4~72~126.S@

6,551.0@

6S@,757.6&

29~49B.7&

29~04~.60

I,G66,06B.12

55~525.S4

25,709.1~

~06,141.64

30~956,16

59S,772.00

17~72&.6~

730~112.@0

1.zzg,0sS.O0

702~47,16

632,515.~0

RUN DATE= 26-JUL-0&PAGE= 138MII02E

UNREALIZED

4~1,90~.81

I27,266.77-

175,3~5.39

~610.73-

1,578.69

~S~813.17

18~971.7~

241,51

22)~82,~4-

911#089+6~

2,067.00-

~,207.97-

I02~768.70

221~77~,00

$,0SS.~0

6~016,29

i

Mellon

UsW Gooolo0QHEST PENSION TRUSTTOTAL PENSION

~HARE$/

IJB19.0000

11,8B7.0000

70~851.0000

1~$15,0000

979,0000

7~0.0000

&49.0000

287.0000

1~$12.00o0

221p832.0000

70j051o0000

2~512,0000

675.0000

1,~98.0000

5~12.0000

lj541.O000

627.0000

SECU R

ONEOK INC NEW CON

ONYX PHARMACEUTICALS INOCOH

ORACLE CORPORATION C0H

ORBITAL GCIENCEG CORP COH

O’REILLY AUTOMOTIVE INO

OSHKOSH TRUCK CoRP CL B

OUTBACK STEAKHOUSE INC tomNON CUBIP 67104AI01

OVERSEAS SHIPHOLDING GRP INC

ONENS ILL IHC HEN

PS&E CORP CGH

PHI GROUP INC

PNC FINANCIAL 3ERVICES GROUP

PHH RE~ INCCQH

PPO IND8 INC CON

PPL CORP COH

PACGAR INC

PACKAGING CORP AHER COH

QWEST PENSION PLAN -"~"~EIN 84-1339282 PLAN NUMBER: 003


5500 SCHEDULE oF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 2005

28,9~9:99

3¢B,206.4B

972a 07~ .75

19~105o45

Z2s 031.99

2~,300.60

29~,711.22

17j 096.59

’~O,6S7,P5

7jE0?j,~09.01

2j7BR~707,3R

]l~4~ 289.30

20~ 121 ¯ 75

102)103.71

90)1595.70

tR~ij Olg.70

I~j765.87

PRICE

Z6.6~00

28.7600

12.2100

1Z.8400

32.0100

44.5900

41.&100

50.3900

21.0400

57,1200

~.o7oo

Z4.4900

57,9000

29,4000

09,2300

22~9500

USN G000100QWEST PENGIO~ TRUSTTOTAL P~$IOH

~HARES/PAR VALUE

I~Z~4.o000

In16~.0000

9~70~.0000

590.0000

$$4.0000

4~/00.0000

I~079,0000

I~20.0000

1,5~7.0000

2#970.0000

127,8o0.0000

I~888.0000

6~I.O000

77~769o0000

912.0000

~70.0000

1~7~7.0000

5~00 3CHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 2005


PACTIV CORP CON

PALL OORP C0H

PAN RAG RETAIL PPTYS INC COH

PANAHBAT HOLDING DORPCOH

PANERA BREAD Co CL A COH

PARAMETRIC TECHNOLOGY CoRP CONNON CUSlP 699173209

PARKER HANNIFIN CORP CON

PATTERSON COS INCCOH

PATTERSON UTI ENERGY INC DON

PAVCHEX INC COM

PAYLESS ~HOESOURCE INO CoM

PEABODY ENERGY CORP COH

PENN NATL BAMIN~ INC tom

JC PENNEy CO INC con

PENTAIR INC CON

PEOPLES BK BRIDGEPORT CONN

PEPCO HLDG3 INCCOH

COST

31,71~.6B

&08,722.~7

12=001.~7

21#0BB.G&

32,272,08

B1~723.~7

55,27~.99

30,500.71

i01~217.~2

2~277~$72.07

I09,089,09

22~519.~

39,726°72

~7,370,B8

57~032.8~

PRICE

22.0000

26.8600

66.8900

2~,5000

~S.6B00

6.1000

GS.9~oo

35.~000

32+9~00

3S.1200

2~.I000

a~,~2oo

32,9E00

~5.6000

5~,5200

~I.0&00

22.~700

MARKET

27~13~,97

3~I~B70.12

865,090,71

20,736.60

31,~57.79

32,996.60

27,00~.B9

27~604.~8

8~234~405.84

2~B7~394,57

1ES,310.96

I6~550.75

86,734,20

I00~312.30

I06.G~3.~

14~3~9.65

RUN DATE: 2G-JUL-06PAGE: 15OHtlozE

UNREALIZED

1,82~.OZ~

10~,985.04-

1,651.15

9,285.80

7,696.00

2,70G,33-

2,~34,56-

724~994.B$

94)287,2~

11,027.66

15~69.51-

9,417.10

17,~G,27-

376.22-

MARKETWLU~

27,BOB.GO

31~238.18

21,937,12

2B~&70.00

71~170.84

113~216.~0

$~207~780°00

155~GOB.D&

2I~120,93

~,323~956,~0

$1~B2.2~

20~I0.20

~8~B~6.69

RuN DATE: 26-JUL-0&PAGE: 140MII02E

UNREALIZED

~12~y63~

2,430.&9-

q0~B77.G9

2~55,63

898-46

I0,552.G~-

12~52~.99~

2O~BOR.~

11,99~.7B

929,807,95

46,519.87

1,196.67-

84Z) 095.~2

8~244,qS-

3~39,3E

1~82~.G~

Mellon

USW GO001oOQWEST PENSION TRUSTTOTAL PENsiON

SHARES/vT~LV~L~

141~059,0000

79m047.0000

68,048.0000

Ie267.0000

I,B~S.O000

BgRp41S.OO00

4S7,0000

BI8.O00O

240,0000

718.0000

53~9S.0000

13~647.0000

Ij250.0000

2,053o0000

10)562,0000

8,8~2,0000

Ij741o000~

607,0000

...... ~~q)QWEST PENSION PLaN )

EIN 84-t339:282 PLAN NUMBER: 00bSCHEDULE H, LINE 4h SCHEDULE OF ASSETS


SEO0 SCHEDULE oF INVESTMENTS AT ENO oF PLAN YEAR31 DECEMBER 2005

SECURITY DESC~I~TIO~ COST

PEPSI BOTTLING GROUP INC COH 3j933,450.20 28.6100

PEPSIA~ERICAS INC COH 1,812,955.43 23.2600

PEPSICO ING COM 3~E91,413.50 57.0800

PERKINELMER INO COH 2Bj494.80 28,~600

PETSMART INC ~20~.67 ~.6600

PFIZER INC COH STK USDO.05 Z3,205~674o81 2~.3200

PHARMACEUTICAL PROD DEU INC 18~G6~.56 61,9500

PHELPS DODGE OORP COM 80,S4~.53 143.8700

PHILADELPHIA CONS HLDG CORP CO 20,186.40 96.6900

PIEDMONT NAT GAS INC 17,I~,Os 24.1600

PILGRIMS PRIDE GORP tOM 1,7S7~988.72 55.1600

PINNACLE HEST CAP CORP coH &ooj725.52 41.3~oo

PIONEER NAT RES O0 4~,~75.ol 51.2700

PITNEY BOHE$ INC COH 95,012.8S 62.2500

PIXAR COH 49S,521.11 SR,72O0NON CUSIP 254687105

PLAINS EXPLORATION & PRODTN 34S~408.35 59.7~00CO

PLUH CREEK TIHBER cO ING OOH 66n924.07 86.0~00

POG0 PEOOUGIN~ CO OOH 29~458.~4 49,8100

MARKETVALUE

4~03S~697.9~

4~020~275.&4

29~50.~2

31~946,70

20=BlI,IIT.80

2~,511.IS

I17,685.66

2$~20S.&0

17~5~6,88

1,77~993.68

64,0S7.50

~6~739.2~

556~2~.6~

350,895.36

62,765.05

30m~34.67

RUN DATE: 25=JUL-OGPAGE: 141Hll02E

UNREALIZED

25~677.70

~28~862,34

12~257.97-

2)574,5~7.01-

9#441.59

i/,142,33

3~019.20

2ON.Z2

6=054.96

~6,q22.07-

20~212.47

8,273.61-

5S~307.53

1,457,01

4,i61.0Z-

G01.25

u~N GOOOlO0QNE~T PENSION TRUSTTOTAL PENSION

SHARES/

~3~S~Zooooo

Z~3B6.0000

10~,0000

R~903.0000

1~116.0000

I,~78.0000

9~214.0000

I,~29.0000

2~71~.0000

261,209.0000

~0,624.0000

128~$25.0000

1,7~E.O000

~,444.0000

678.0000

I~099.0o00

~S00 SFHEBULE OF IHVESTMENT~ AT END OF PLAN YEAR¯ ~ DECEMBER 2005

SECURITY DESCRIPTION CO~T

POLARIS IND$ PARTNERS INC COH 1,976,45B.~0 ~0.2000

POLO RALPH LAUREN CORP CL A 25~418,2S 56.1400

POPULAR INC COH G8,788.41 21 ~00

POPULAR INC 0,00 0.1500

PRAXAIR INC COH 128~167.48 52.g&00

PRECISION CASTPARTS CORP 3&,647.46 51.8100PRICE T ROWE GROUP INC COH 79~R68,95 72.0500

PRICELINE COH INO 217~3~8,27 Z2.3200tOM NEW

PRIDE INTL INO DEL GOH ~0,Z58.18 50.7500PRINCIPAL FINANCIAL GROUP INO 111~152.12 47.6300O0H

PROCTER ~ GAMBLE CO OOM 14,175~158,74 57.8S00

PROGRESS ENERGY IN~ CVO 4,2~7.~6 0.1600CONTINGENT VALUE OBLIGATION

PROGRESS ENERGY INC COH 5, q~59~.a1 q~.9200

PROGRESSIVE CORP OHIO COH 147,197.~2 116.7~00

PROLOGIS INT 3~697~5~.65 4~.7200

PROTECTIVE LIFE GORP CON 2a,943.~4 4~.7700PROTEIN DESIGN LABS INC 22~705,35 2~,4200NOH CUSIP 69~29Ylo4

MARKETVALUE

1~706,S~8.20

35,3~7.16

50,463.90

15.60

15~,7q~,88

B7,819,96

205)656.65

~,941.75

I2G~772,~5

15~118~776,gz

4~267.~6

5,51Z~770.1~

202,618.80

29~676.0&

51,253.58

RUN DATE: 26rJUL-06PACE* 142MII02E

UNREALIZE0

270~110.20-

7,928°88

18,$24.51~

15.60

2S~575.40

21,170.50

12~785.~$

11,701.79-

13,68~.57

17,620.$~

9~5,~23.18

0.00

5~,415.88

454~765.05"

752.22

8~528.25

Mellon

.... 3,,

QWEST PENSION PLAN "~~EIN 84-1339282 PLAN NUMBER: 005 /


USW GO00100 5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEARqWEST PENSIGH TRUST 31 DECEMBER 2002

TOTAL PENSION

SHARES/SECURITY DESCRIPTIOH COST PR~C~

15Z.351,OOOO PRUDENTIAL FINL INC 7j602+140.47 73.1900¯ C0H

2tlZG,0O00 PUBLIC SVC ENTERPRISE GROUP llOslSS.59 64.9700INC COH

9,7S6.0000 PUBLIc STORAGE INC CON 548j531.04 67.720021~481.0000 PUGET ENERGY INO NEN 668~62E,93 20.4200COH

1,848.0000 PULTE HOMES INC C0H 59=764,99 3L3600818.0o00 qLOGIC CORP COH 30~045.17 52.5100

206,972,0000 qUAORAMED CORP 625jO~5.~ 1,3600HTS TO FUR �OH 04/I7/08 EXP

1~l~l. OO00 QUALCOHH ~NG 5~099~9~I.19 43.0B00ts376.0000 qUEST DIAGNO$TIC~ ZNC GOH 6Bj758,~2 51.4&007,279.0000 QUESTAR DORP 57~806+70 75.7000

~13.0000 qUICKSILVER RES INC con 25,s08.98 42.0100lj156.0000 QUIKSILVEE INC COH 17~835.20 15.8400

116,100,0000 ¯ qWEST COMMUNICATIONS INTL INC 1~382,595.60 2,6200COH

325.0000 R H DONNELLEY OORP coN NEW 2o,129.26 61.62o0lslZs. 0000 RPH INTERNATIONAL INC 22~157.18 17.~700

~5,20G+0000 RAGLAN GROUP INC 1~768:896.95 58.5g00

RUN BATE: 26-JUL-0GPAGE: 14~MlloZE

U~N ~000100’QWEST PENSION TRUSTTOTAL PENSION

SHARES/

17,281.0~00

1~222.0000

~50,0000

83~792.0000

91,552.0000

6~290,0000

775,0000

81~.0000

1~599,000~

~SB.DOOO

468,0000

~SO,O000

5±5~5.0000

8~085,0000

284,0000

2,627,0000

64~.0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR~I DECEMBER 2005

SECURITy DESCRIPTION~ PRICE

RADIO SHACK CORP COB 5~8~199.51 ~1.0~00RANGE RE~ CORp CON 21,9SS.27 2~,3~00RAYMOND JAMES FINL INC COH 20,157.02 37.6700RAYONIER INC GOH 3~177,742.4& 39+8500

RAYTHEON CO C0H NEW $,5S4~964.18 40.l~o0

REAL NETWORKS INC CoH 41,659;80 7.7600REALTY ~NCOME CORP HD CON 19:599.7~ 21.6200RECKSGN ASSOC REALTY CORP COH 26~772.96 3H.7800RED HAT INO CON 21,266.43 27.2400REE~OK ;NTL LTD CON 20~152.02 E8.2500CASH MER@ER

REGAL ENTHT GROUP CL A 9~710.g9 19.0200REGENCY CTRS CORP CON 36=010.02 58.9500REEVES INc VTG TR CERT FOR SHS 0.0B 0.o000OF COH STK

REGIONS FINL CORP 287,627,40 34o1600NEW COH

REINSURANCE SROUP ANERINC GOM 15,759.82 47.7600

RELIANT ENERGY INC 36~268.0B I0.3~00

RENAL CARE GROUP INC COH 2~2�9.S~ 47.5100CAsH MERGER

MGRKETVALUE363,419.45

32,~87,4a

24~85.50

~,$39,111.20

3~7~,512.80

45~B10.40

16m755.50

29,359.68

45±556.76

26~669.34

8~901.56

38+317.50

0.00

276,115.2~

I$~56~.84

~7,420.2~

50~562.2&

RUN DATE= 26-JUL-06PAGE: 14~Ml102E

UNREALIZED

204~779.88~

10~232.Z1

~)54B.4B

161~368.74

120~8.62

7,170.&0

2~844.25-

2~8~.72

22,270.53

6~517.32

809,63-

2,507.48

0.00

11,512:1~

195.98-

8,847.84-

7~I2.72

* REPRESENTS A PARTY-IN-INTEREST

Mellon

USf GO00100QHEST PENSlON TRUSTTOTAL PENSION

~HARESIA~

6~OoOOQO

122,817.0000

682.0000

717,000Q

12~+1~5.0000

692.0000

1m52~o0000

s,012.0000

lj~9~.OOOO

I~642.0000

Z8~527.0000

1,480.0000

786.0000

1~324.000o

I~045.0000

5+,20o.0000

~S,573.0000

452+0000

QWEST PENSION PLANEIN 84-1339282 PLAN NUMBER: 005


5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEARSI DECEMBER 2005

DEScmTpT~OH COST

RENT A STR INO NEH CON 17,So5.72 18,8600

REPUBLIC SVCS INC C0M q,~4?~l~,g& 37+5500

RESMEB ING 17,~25.iI 3B.S100

RESPIEONICS INC GUM 19,580.77 37.0700

REYNOLDS & REYNOLDS CO CL A ~,G36~500+91 28.9700

REYNOLDS AMERN ING 5~,391.22 95.3300COH

RETROPERFU$ION ~YS INC 100,000o00 66.093~

RITE AID GORP OOH 19,009.60 3+4800

ROBERT HALF IHTL INO GUM 42,887,0/ ~7.8900

ROCKWELL AUTOMATION ING 81+361.15 59.1600

ROCKWELL COLLINS INC C0M ],264,77~,55 46,4700

ROHH & HAAS CO OOH 65+~60.41 48.4200

ROPER INDS the NEff CUR Z3,882,61 ~9,5100

ROSS STORES INC C0H 38,ZZS.gl 2s.goo0

ROWAN COS IHc C0H 27~01~.72 s5.6400

ROYAL DUTCH SHELL PLC 2,7oqjo45.87 61.4900SPONSORED AgR REPSTG A SHS

RYDER SYS ING C0M 1,894,525.4~ ql.0200

RYLAND GROUP INO 24,857,$0 72.1500

MARKET

12~52~.80

4,611+778,35

2&~I27.~Z

26,579.19

3~5S7~050,15

&S,g~S,S6

100+000.00

17,4~I.76

5S#607.6&

~7,1~0°7~

I,~16~55.69

71,6~1.60

31+054.86

$7,172,5Z

$~$94~2A8,00

I~6GI,200o4&

Sl,l~d.16

RUN DATEr 26-JUL-06PAGE~ 1~Mll02E

UNREALIZED¯ GA tt~uS,9~

~+980,92-

16~,G29,~9

~,702,Sl

7,018+42

~?+~70,76-

11~E77.1~

O,O0

I~$67.8q~

13+720.59

15+772.59

51,580.81

6~201.19

7+172.25

59,~9

I01158+80

690,202+15

3~,52~.97~

6+~02.8G

U~N GoooIoO~NEST PEN~IO~ TRUSTTOTAL PENSION

~HARES/P~ WLUE

~9,0000

&56+0000

~7~00.0000

427,0000

I~4,305.0000

4~555,0000

12~B~,0000

279.0000

i,195,0000

~2~22~.0000

170~g72.000Q

704.0000

90~27Z,0000

~8~137.0000

I,15~.0000

553,0000

10~7q0.0000

gl~SB6,0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR51 DECEMBER 200~

m Y o cos~r

SOP POOL OORP 1~,Z82,88 ~7,~00

SEI INVESTMENT CO COH 27,506.09 37.0000

SK TELEOON LTO SPONSORED ADR 1,274,92~,00 20.2900

SL GREEN REALTY OORP 2E,85~.85 76.~900

ELM CORP 7+722~7S$,64 55.0900

St CORP CON ~9~45&,~0 ~.~500

SPX OORP 597~26.88 4E°7700

ERA ~NTERNATIONAL 1NO CL A 9~54~+59 ~0+5400

SABRE GROUP HLDGS INO CL A 26,q51.18 24.1100

SAFEOO CORP OOH 2,~13,236.~6 5~.5000

~AFEHAY ING HEN CON 3,786~11G,G7 25,G600

ST JOE COHPANY CON ~7~972oq~ 67.2200

ST JUDE MED ING c0M ~068,270.3Z 50.2000

ST PAUL TRAVELER~ COS 1NO s~8~2~50~.0~ ~.6700

SAKE ING c0H 1&,817.07 16.~600

SALESFORCE CON INO 11~o6,55 SZ,0SO0

COH

SAHSUNG ELEGTRS LTD ~DR 1995 2~S~6,690+0~ S2S.~650

RPSTS COM ~4A

SANOISK CORP 4,7~8~0$,12 62.8200

MARKET

20,061.5~

24+272.00

1,1&2~&17.00

32,61B.S~

7~9~9~762°45

1~,944,2E

589~855.76

8+520.66

2~355~599*50

~,045,197.5~

47:322.BS

~SSI~65~.~0

~m957~079.79

19,540,74

17~723.65

S~500~BqZ.62

5~772)~78.52

RUN DATE: 28-JUL=O6PAGE=. 146M~IOZE

UNREALIZED

1,775.70

3+234.09-

11Z,~o8.00-

6,765.6B

227+0ZB.61

20~E12.05-

1,025.9~-

2~30,27

172,56~.04

259+080oEE

G49.55-

46~,~B~.08

9~775.75

2e7~,E7

1,154,152.60

1~025~775.~0

@ Mellon

USH GOQ0100q~EST PENSION 7~USTTOTAL PENSION

SHARES/

4~703.0000

4&,700.0000

2?,085.0000

iS,700.0000

3,047.0000

817.0000

G7,~99,0000

18,400.0000

9~S19.0000

14,~12.0000

590.0000

494.0000

14,000.0000

814.0000

81j724,0000

14,657.0000

859.0000

QWEST PENSION PLAN ’ "l ~~EIN 84--1339282 PLAN NUMBER: 005 "


5500 SCHEDULE OF INVESTHEHTS AT END OF PLAN YEAR31 DECEMBER 2005

~URITY DESC~PTIION COST PRICE

SANMINA-SCI CORP 39~@$~.$8 4.2600

SAP AKIENSESELLSCHAFT SPONS 1,964,086.92 4S.0700ADR

SARA LEE CORP 566~412.32 18.9000

SATYAM COMPUTER SVDS LTD ADR 463,249,44 ~6.5900

SCANA GGRP NEW COM 120,149.02 59.}800

SCHEIN HENRY INC COM Z8,~47.?& 43.6400

SCHERINS PLOUGH CORP CgM 1,396~I02.25 20.8500

SCHLUMBERSER LTD COM 1,251#880.04 97.1500

SCHWAB CHARLES CORP NEW COM 11~,762.74 14,6700

SCIENTIFIC ATLANTA INC ~72j~35.59 45.0700CASH MERGER

SCIENTIFIC GAMES CORP CL A 15,&70.40 27.2800

~E SCOTTS MIRACLE~GRO COMPANY 1B, IS9.46 45.2400

CONSUMER HEALTH SVCS INC 28,000.00 2,0000

SCRIPPS Co EW CL A ~9~445,60 48.0200

SEAOATE TECHNOLOGY ESCROW 0,00 0.0000

SEALED AIR CORP NEW CoM 7331650,I$ 56.1700

SEARS HLDSS CORP 116~787.S2 115.5300GOM

MARKETVALUE

2OjO~,7S

2,104,7~9.00

549,706.50

574,4&$.00

I19,990.8S

~5,G53.88

1,40S,269.1S

1~7B7,560.00

139,64S.73

616,417.B4

16,095.20

22sS~8.S6

28,000.00

59~0BB.2S

0.00

825~2S3,67

97,240.27

RUN ~ATE: 26=JUL-06PAGE= 147HIIO2E

UNREALIZED

19,799.&0-

140~682.0~

IG~705.B2-

111,213.S&

158,16~

7s205.92

9,166.90

SES~&79,96

25~880.99

14~,981.2E

424.80

4~189.10

0.00

355.32-

0.00

S9m633.B6

17~547.55-

USW G000100qWEST PENSION TRUSTTOTAL PENSION

SHARES/

46.0000

2j256,0000

B,27~.0000

122~2~6.0000

IOS~962.D000

1,096.0000

524.0000

4,628.0000

9,461.0000

200.0000

&6~.0000

9,200.0000

1,509.0000

6~,20~.0000

~77.0000

1~902.0000

712.0000

5S00 SCHEDULE OF INVESTMENTs AT END OF PLAN YEAR~1 DECEMBER 2005

SECUR PT! COST PJ~[C~

SECOND LAG INC RESTRICTED 271,250.00 S,SD&.TSD1COM

SEMPRA ENERGY COM 82,915.47 44.8400

SEPRACOR INC ~B$,$00.30 51.6000

sERVICE CORP INTL COM l,bS~,176,S~ 5.1800

SERVICE MASTER CO GeM I~$94,597,41 11.9500SHERWIN WILLIAMS CO COM 48,914,5Q 45.4200

SHURGARO STORAGE CTRS IMC OL A 25~0&1.26 56.7100

SIEBEL SYSING 47~260.4B 10.5800CASH MERGER

SIERRA HEALTH SVCs INO COM 7~6,SqB.OB 79.9600

SIERRA PAD RES NEW COM 2,614.5& I$.0400

SIGMA ALDRICH CORP 40,084,99 63.2900

SILIC0~ ~ABORATORIES INC 2&l,$82.S2 ~6.&BO0OC-COM

SIMON PPTY GROUP INO NEW COM 97,868.76 7&,BE00

SIRIUS SATELLITE RADIO INC COH 424~E57.54 6.7000

SKY FINL GROUP INC COH 25~717.02 27.8200SMITH INTL INO OOM Sl,743.94 57.1100

SMITHFIELD FOODS INC COM 21,065.97 $0.6000

MARKETVALUE

211,2~0.00

100,2G2.24

426~93B.40

999~S90.48

1,26&,~45.90

49~780.S2

29,716.04

4B,964.24

756,501.56

2,608.00

41,961.27

337~272.00

115~634.&7

445,$7S.50

24,954.5~

70~58S.22

21~787.20

RUN DATEz 2&IJUL-OGPAGE= 148HIIOaE

UNREALIZED

o.oo

17,S~8.77

56~361.90~

3S,2S5,86-

12~,3~1.51-

865.52

6,6~4.78

1,70S.76

9,B42.~2-

&.56=

1,876.2B

75,859,48

17,745.91

I~,OIS.g&

762.4~-

723.23

Mellon

U3H G000100QNEST PENSIO~ TRUSTTOTAL PENSION

SHARES/PAR VALUE

S18,0000

2,$~.0000

7,700.0¢¢0

19~02,0000

595.0000

132~664.0000

725.0000

6,654.0000

$13,0000

959.0000

16j9~6,0000

9j426.0000

3j219,0000

~31,0000

7,551,0000

QWEST PENSION PLAN .....’}~

EIN 84-1339282 PLAN NUMBER: 005 /


5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR$i DECEMBER 2005

S~CUR~TV p~SCRTPTTON

JM SMUCKER COMPANYCOH NEN

SMURFIT-STONE CONTAINER CORPC0H

SNAP 0N INC coH

soHU.COM INo coH

SQLECTRON CORP

SONTC OORP

QoNoco PRODS C0

SOUTH FINL OROUP INC c0H

SOUTHERN CO COH

SOUTHERN COPPER CORP UELCON

SOUTHERN UN CO NEH

SOUTHNEST AIRLS CO COH

20UTHNESTERN ENERGY CO {DEL)tOM

SOVER~ION BANCORP INC tOM

SPECTRUM BRANDS INCCON

SPATIAL TECH IN¢ WT8 TO PUNCON EXP 12/51/2001

£.o_s.Z~4~562,27

45j431,05

18~6SI.85

1~6,$67.00

105~797.32

19,~52,70

5,664,~6~.08

2~)519.19

222~378.51

14,469,8~

22t614.1~

275,280.91

212j297.02

72j588.46

o,o0 ¯

44,OOOO

14.170Q

57.5600

18.5~00

3.&60~

29.5000

29,6000

27.5400

54.5300

66.9800

23.6500

16.4~00

35.9400

21.620@

20.3100

O.OOOO

MARKET

22~77Z.00

20~2.64

l~l,Zl&.O0

71,577.~2

~7,55R.50

3,900~321.60

I%911.42

229~072.02

20,96~.74

22,661.17

278,~22.78

8,753,61

O,O@

RUN DATE= ~6-JUL-O6PAGe: i~9MII02E

UNREALIZED~AIN~LOS~

1j740.79

l,@~O.20-

~S~B~7.52

$~607.77-

6,693,51

47.04

2,541.87

22,625,22

2~995,68~

S~695,51~

O,00

USH 6000100QHEST PENSION TRUSTTOTAL PENSION

SHARF,~/

2~3,120.0000

SOO.0O00

&42.0000

839.0000

6,581.0000

7,032.0000

8#578.0000

42~6~2,0000

6O2. OOOO

78~270.0000

47S.0000

2~6OI.OOOO

179.0000

197,&17.0000

SO,~ZG.0O00

5~955.0ooo

IG~>?9~.OOO0

2~$52.0000


~ECU~ITY DESCRIPTION ~ PRICE

SPRINT NEXTEL CORP CON ~ER 1 6~274~6~2.~9 23.3600

STANCORP FINL OROUP INq cON 20,955.02 ~9.950D

STANDARD PAD CORP NEW COH 2D,58S.94 $6,2000

STANLEY NKS ~0,796.08 ~S.0400

STAPLES INC coM I~7,@97.02 22.7100

STARBUCKS CORP CON 219~2~7.79 30.0100

STARWooD HOTELS & RESORTS 50o,961.97 65,s6ooNON CUSZP 8S590A~01

STATE STREET CORP 2~505,026.27 55.~00

STATION CASINOS INO $$~702,32 67,8000

STEELCASE INC CL A 1~135,856.63 15.2~00

STERICYCLE INC C0H 21~B2&.27 ~8,8800

2TRYKER CORP 125~427.~6 ~°4500

STUDENT LN CORP 52~956.00 207,2S00

SUN NICRORYSTEM$ IRe COH 1,065~754.74 4.1900

SONOCO INC DOM 2, I66,270,44 78.2D00

2UNTRUOT 2KS INC ~59,966.77 72.7600

SUPERVALU INC CON 6,q26,450.73 ~2.4800

SWIFT TRANSN INC tom 5~6~94S.60 20.$oo0

MARKETVALUE

5~912,285.20

2S,~74,60

25,625.60

40,~0~,$6

211,020.~Z

5~7~91°08

2,364,626.88

1,25%01~,I0

27,g68.00

XlS~S62,45

828~015.23

5,72~,741,88

455)28S.60

6~158~525.12

~7S,I0~.60

RUN DATE: 26-JUL-06PAGE= 150NIlO2E

UNREALIZED

361~7S9.~9-

4~419.58

$,03~,66

1,557.49

8.227.47-

~6~829.11

59,600.01

105,177.47

6,141,73

~,~16.17.

23S,737,51-

6,680.~7-

287~05.61-

68,240.00-

1

Mellon

US~ G000100QNF-.ST PENSION TRUSTTOTAL PENSION

SHARES/

1B7~76.0000

61~2~7,0Q00

2,1~6.0000

Ij$73,0000

Zj8~S,0000

39~3~1,0000

1,27~.0000

726.0000

I,~97.0000

~50.0000

92~488,0000

I06,84g.0000

690,0000

33j950.0000

991.0000

15~068.000o

QWEST PENSION PLAN )EIN 84-1339282 PLAN NUMBER: 00b "


5500 SCHEDULE OF INVEGTHENTG AT END OF PLAN YEAR~I DECEMBER 2005

S~RITY DEGCRIP.TION

SYBAGE INC GOM

SYMANTEC CORP COM

SYMBOL TECHNOLOGIES INC CON

SYNOPSY$ INC CGH

SY~OVUG FZNL CORP

SVSCO CORP CON

TCF FINL CGRP

TD EANKNORTH INOCOH

TECO ENERGY IN¢ ;OH

TJX COG IN= NEW CON

AUTOMOTIVE HLDGG CORpCON

TXU CORP

TAIHAH SEMICONDUCTOR HFG COLTD GPONSGRED ADR

TAKE-THO INTERACTIVE GOPTNAREINC

TARGET CORP COM

TAYLOR S COS INO

TEcH DATA CORP CON

3j~92,655.53

IjE~?j856.58

23~799,11

26,93~.2~

aI,6~I.66

1~G7,677.61

~1j07~.9S

26s571.61

105~922.77

9,615,11

~p479j287.23

BG$~g52.84

18mI$5.20

lj7~6~SB6.10

0.00

655,B2~,7&

21.6500

17.S000

20.O&O0

27,0100

51.0~00

27.1~00

29.0500

17,~800

23.2500

26.5500

50.1g00

9.9100

17.7000

~4.9700

0.0000

59.6100

MARKETVALU~

1)07I~997.50

27,511.72

27,542.3~

77)1~.58

1~221,2Z7.55

$~6BG.92

21,090o30

34~30B.<6

g7;914.45

11,B57.50

4,6~I,972.72

1,056,873.59

12,~15+00

1~B65,152.10

0.00

59~,883,~

RUR DATE: 26=JUL-06PAGE= 151HII0~E

UNREALIZED

~7,SB~,B3

~77~BS9.08-

~87,08-

2~6~2G0.06-

6~390,05-

E,~81.51-

$,674.~9

B~008°52-

2m244.$9

162,GSSo4g

19~,920.75

5.920.20-

118~546,00

O.OO

~8m~;1,~2-

USH G000100qHEST PENSION TRU;TTOTAL PENGION

G~ARE$/

~61,0000

G62.0000

425°0000

14,751.0000

15,7~,0000

2,~61.0000

$E,274.0000

1,016.0000

451,0000

7~67.0000

25,~76.0000

47B.0000

$~5~7,0000

7~I00.0000

275,295.0000

I~040.0000

9>191+0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR$1 DECEHBER 2005

SECURITY OEGCR~pT~{~ ~ ~..~,Lr~TECHNE CORP CON 16mlB0.0Z 56.1500TEKTRONIX INC COH 25,758.91 28,2106

TELEFLEX ING CON 22,07~.~I 64.9B00

TELEPHONE & DATA ~YG XNC CoN 617~957.36 3~.0300

TELEPHONE & DATA $Y5 INC SPL 495~5~5.81 $~,6100COH

TELEWE~T GLOBAL INC 51~56~.48 23,8200NON GU$IP 629~IW101

TELLABS INC CON 856,777.03 io.90o0

TEMPLE INLAND INO CON .3~7~7.22 ~4.8S00TEMPUR PEDIC INTL INC 10,977.~G 11.5000COH

TENET HEALTHCAR~ CORP CON 82~009.60 7.6600

TERADYNE INC CON ~3~,168.33 i~.5700TEREX CORP HEN 19,402,02 S?.~000

TESORO CORP 198,650.74 61.5500

TEVA PHARMACEUTICAL INDS ADR 2~$,$2~.~ ~3.0100LTO COH

TEXAS INGTRS ~NC CON, 7,928)655.12 32.0700

TEXTRON INC CDM 76~766+07 76.9800

TMERMO ELECTRON OORP OOH 275~22B.GB $0.1300

MARKETVALU~

20)270.1~

2~,03~.92

27,616,50

477~548.7B

56~000,B2

I~038~486.60

45~67.60

S:LBG.S0

57,212,S4

369~72B.$2

28,~93.20

218,317.85

3~187~0~I.00

~0~059,20

RUN DATE= 26-JUL-06PAGE= 152MIIO2E "

UNREALIZED

4~090,13

1,705.99-

~541.99

86,~S8.8~-

1$~797.05~

1BI~709.~7

10,620.$5

8,991.18

19~687,II

753,716,54

83~B71.3~

3,295,13

I~696.15

Mellon

uSH GooolooqWEsT pENSION TRUSTTOTAL pENSION

SHARES/

S88.0000

890,OQOO

2>700.0000

2~,13~.0000

79~$00,0000

1,260.0000

47,541,0000

Ij027.0000

674,TG2.000Q

770.0000

89S.0000

961,0000

456.0000

~7.0OOa

329.0000

295.0000

700.0000

QWEST PENSION PLAN .....~")~’



5500 scHEDULE OF INVESTMENTS AT END oF PLAN YEARZl DECEMBER Z00S

~,~.~RITY DESCRIPTION .C.~ST

THOMAS & BETTS CORP C0H i&~693.40 41,g&00

TNORNBUR~ HORTGAOE INO CoM 2B,774.40 26.2000

3COM CORP CON ll,259.OO $.6000

5H CO It857~028.0~ 77.5000CDH

TIDEWATER ING COM 3,076~815,~6 ~.~GO0

TIFFANY ~ CO MEN tOM 40,2~2oZ~ 38.2900

TIMBERLAND CO CL A 1,~77j$~5.57 32.5S00

TIMCD.AVIATIQN OVCS INC 8,8~2.Z0 4.6500COM MEN

TIME HARMER INC 16aEg~577.99 17.~400CDM NEW

TIMKEN Co Ig,975.97 $2.0200

TOLL ~RO~ INC COM 35,070.2S 54.6400

TORCHMARK CORP 54,911.57 5~.so00

TORO CO 18,135,12 45.7700

TOTAL SYS 5VC~ INC 10,619.12 19.7900

TRANSATLANTIC HLDGS INC COM 20a3~2.08 67.2Q00

TREEHOUSE FOODS ~NC 10,127.72 1s.7200COM

TRIAD HOOPS INC coH 26,525.77 39.2~00

MARKET.VALUE

24,&72.~8

RS,51S.O0

9.720.0~

1.792,~85o00

~547,908.00

1,5~7=~59,55

~x77S.55

1E,255~8~9,28

24,GE5.40

55~4~1.60

I~,959,12

B~48,2S

22~108.80

5,522.~0

27,~&1.00

RUH DATE=. 2~-JUL-06PASE: 155MII02E

UNREALIZED~A~

B~I79,0B

1,55~.00-

471~0~2.1~

7,965.17

70,I25.~

~,05G.65-

I,$$9,5~S.71-

~681.43

1,9~3.51-

I~824.00

1,970.89-

1,766.72

~E05,32~

9~5.23

USW G000100~NEST P~SION TRUSTTOTAL PENSION

~HARES/

2~11~,~o00

~.00O0

1~,200.0000

17,~Og,O000

1,825.0000

Z3,700,0000

Z12xE88.0000

~0~772.g000

~2~086o0000

~9#727.0000

17~ ~00.0000

S#~06.0000

IO~O20.OOO0

3,107.0000

~08.0000

1,311.0000

6~5~0.0000

5500 SCHEDULE OF INVEBTMENT~ AT END OF PLAN~EAR$1 DECEMBER 200~

SECURITY DEscRIPTION

TRIBUNE ~o MEN coM

TRIMBLE NAV LTD

TRINERIS INC COM

TRINITY INDS INC

TRIZEC PROPERTIES IN;CoM

TYCO INTL LTD NEW COM

TYSON FOOD~ INC CL A

UGI CORP NEW COM

U~T INO COH

US BANCORP DEL COH NEW

Uss coRP MEN CoM

UNILEVER N V NEW YORK SH~ NEW

UNION PAD CoRP COM

UNIONBANCAL CORP

UNISYS CORP

UNIT CORp COH

UNITED DOMINION RLTY TR INOMARYLAND

UNITED ONLINE INC C0M

cost

89~0~1.8~

21~162,35

187,04~.~9

792,059.29

700~106.27

1,455,9~I.68

10,307,657.10

i~I~8~903.B8

397~178.5~

6~832,~77.5~

31~29.Z~

20,7~7.04

32~512.81

75~521,50

SO.2epO

ll.4gO0

44.0700

~2.9200

28.~600

17.1000

20.6000

40,8300

29.6900

6S,O000

~8.6500

80.SI00

68.7200

5.8300

55.0300

2~.4~oo

14.2200

MARKETV~LU~

19~$42,0~

7B4,~46.00

41~829.00

65~,982.00

5,655,25~.80

56S~531.BO

1~2~6~20.7&

10,22~,950,E~

3)232e385.00

I,I~4~510.00

~75~q92o06

7,148~25~.~0

18,11~.Sl

27~955.24

$0~729.B~

RUN OA~: 26-JUL-06PA6E: 154MllO2E

UNREALIZED

25,102.4&~

i~820.$0-

35~$75,99~

50~078.52

7,299.96

I0S~077°29-

215~9~0.I1-

154~574.47~

179~520.92-

8~,706.S6-

577,500.~2

~5~&06.12

7B~31~.52

~15~76.87

7,18~.20

1,782.97-

17s619.50

Mellon

USN GO001OOQHEST PENSION TRUSTTOTAL PENSION

SHARE~t

29,050.0000

G2.800.0000

2g,~i0,0000

9GO,O00O

qSp[S$.0000

21~361.5000

q55,0000

~a,7~8,0000

58p$67,0000

5&,~95.0000

0.5020

1,028,0000

829.0000

70,927°0000

£85.0000

~$2,0000

QWEST PENSION PLAN ..........’")~"



5500 SCHEDULE OF INVESTMENT@ AT END OF PLA~ YEAR¯ I GEcEMSER 2005

~ECURITY DESCRIPTION

UNITED PARCEL sVC INC CL B

UNITED RENTALS INO COH

UNITED STATES CELLULAR CDRP

UNITEB STATE~ STEEL CORPCoH HEN

UNITEO TECHNOLOGIES OORP COM

UNITED HEALTH GROUP INO COM

UNITRIN INC tOM

UNIVERSAL HEALTH ~VC~ INC CL B

UNZVISION COMMUNICATIONS INCCL A

UNUMPROVIDENT CORP

UPTREND CGEP COMNO~ CU$IP 91088L200

URBAN OUTFITTERS INC COH

VGA ANTECH IN¢CQM

V F CORP CDH

VALHI INO NEN

VALEANT PHARMACEUTICALS INTLCDM

PRIC~

75,1500

2~,5900

~9,~000

48.0700

55.9100

62,1~00

45,050O

~G,7~O0

29.5000

2~.7500

O~OO~O

25.3100

28.Z000

55.3400

18.5000

18.0800

MARKET

2,2d5±227.50

1,001~092.00

I~77~5~00

qG,147.20

2~692,793,~5

1,$27,~0~.61

20,q97.75

2,27~9~8,92

1~715,40G,15

830~261.2~

0°00

26~018.65

25:377°G0

5,925,100.~8

5,38~,50

I~,850.5&

EUN DATE: 26=JUL-O~PAGE: 155HII02E

UNREALIZED

1~322.07-

182~555.9&

449.00

2,754,88-

205,970.27

22~,550.6~

182.01-

15~2B0.47

42,913.95

50~705.q5

0.I1-

2~75<.G~

6,172.16

252,~75,80-

2S2.54

150.48-

USW G000100QWEST PENSION TRUSTTOTAL PENSION

$HARE~/

~9,~0.0000

1,[email protected]

914.0000

l~IIG.O000

1,70&o0000

980.0000

21~i$6.0000

~5~5/6.0000

189,255,0000

20D,0000

5~7.0000

I~55~,0000

99S,0000

921.0000

130.0000

~9,0000

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR~1 DECEHBER Z005

sc T C0ST P~CEVALERO ENERGY CORP CON NEW 1,900~597.73 E1,0000COH

VALLEY NATL ~ANCORP 27,597.’�5 24r1000

VALSPAR CORP Z2, 85~i.59 24.G700

VARIAN NED SYS ’rNc CoH ~8,255.66 50.5’~00

VEGTREN CORP COH ~7~813.~0 27o1600

VENTAS INC Z6)861,80 $2.0200

VERISIGN INC CON ~01~20.03 Z1.~200

VERIZON COMMUNICATIONS COH 15~ $50~650.9¢i $0,1200

VIAOOH INC CL B CON ~83G~08~.12 xZ.0000~ON CUsIP 92553P201/124857202

VIGOM ~YS IND 3~220.00 11.5000

VINTAGE PETE INC COH 16~901,~5 5~J.3000NOW GUSIP 07q599105

VISHAY INTERTECHNOLOGY IHC 22j 188.87 15.7600OOH

VORNA~0 RLTY TR C0N 70,208,~0 85.4700

VULCAN MATLS CO tOM 50,295,8G 67,7500

HFS FINANCIAL INC 0,601,qO 7G.15o0NON CUSIP 92090~I02

~PS RES CORP CON 17~56.05 55,$100

RUN DATE: 26-JUL-06PAGE: 156MlI02E

UNREALIZED

12~$54.27

2,340,55-

$0~.21-

7,923,55

4~517.80

2~0~1,021,82-

000~571.12~

0.00

1~256.46

750.79~

12,101.91

$~298,10

¯Mellon

USN ~000100qHEST PENSION TRUSTTOTAL PENsION

SHAREB/

146j018,0000

89,030.0000

9~i$8.0000

27,40o.0000

3~6.g000

~T7,0000

$58j287.0000

11~.0000

146s645~0000

9~.0000

981.0000

7,494.0000

56~,q000

~6~,0000

778.0000

28,000.37~0

%QWEST PENSION PLAN .~



5500 SCHEDULE GF INVESTMENTS AT END 0F PLAN YEAR31 DECEMBER 2005

S UR T CR T ON

WACHOVIA CORP NEW CON

HAL MART STORES IHC COM

WALGREEN Co

WALTER INDS INC CGM

WARNER MUSIC GROUP CORPCON

WASHINGTON FEgERAL INC

WASHINGTON MUTUAL INC CON

WASHINQTON POST c6 CL B DELCDH

WASTE MGMT INC GEL CON

WATERS CORP CON

WATSON PHARMACEUTICALS INC CGH

WEBMETHODS INC C.DM

WEBSTER FINL CORP WATERBURY CT

WEIGHT WATCHERS INTL INCCON HEN

NEIHGARTEN RLTY INVS SH BENINT

WELLPDINT INCC0M

RUN DATE: ZG-JUL-06PAGE: 157M1102E

MARKET UNREALIZED9.9~}.,I PRZC~ VALUE eA_~&.I.EELg~

7j679,095.36 52.8600 7j71B,~ll.48 39~16.12

~,606,595.25 46.8000 ~,166~60~.00 ~59~9gI.2~-

$~0x625.07 ~,2600 ~0~,~7.8B ~,822,61

1,177~520.96 ~.7200 1)~G2)S2B.O0 184jB07.04

5~705.40 19,2700 6,667.42 962.02

19j711.5S 22.9900 18,782.83 028.70-

14j606,029.71 45.B000 15.585~48q,50 979,454.79

108,152o20 765.0000 8~,150.00 23,982.20-

4,40~j~54.19 30.5500 ~50~675.75 ~6,221.56

~S.2~$.98 57.8000 54,927.20 8~306.78-

~2i185,86 32.SI00 $1,892.$1 291.55-

5;,051.74 7~7100 57~778.7; 5~7~7.00

28.560,97 ~6.9000 2~51.&0 2~I09.37-

I~9~9.~6 ~9.~500 17~992.5Z 3,0q3.06

51,184.85 $7.8100 29,~1~.18 1,768.70-

1~706~045.75 79.7900 2,25~150.24 528,10~.49

usHeooolqoqWEST PENSION ]=RUSTTOTAL PENSION

~HAEE$/AZ~P,_.V.AL.V~

163,1q7.0000

1,075.0000

2G.0000

~05.0000

S~415.0000

276.0000

12~91~.0000

18,02;.0000

711o0000

50,606,0000

~7.~B8.0000

32~2~5.0000

986.0000

519.0000

~99.0000

5~i00.0000

15,~B5.0000

657.0000


WELLS FARGO & CO MEN COH ]OjlO?~26.B9 62.8300

NENDY~ INTL IHC CON 42~204.53 55.2600

HEScO FINL CDRP 16.12~.64 ~@5,O0Oo

WEST CORP CON 13~409.B& ~2.1500

WES~AR ENERGY INC 198,092.2S 21.5000COH

NESTCORP 12,676.68 6&.&100NON CUSIP 929905102

WESTERN BIGITAL GURPDEL COH 1~0,003.2~ 18.&lO0

WESTERN GAS RES INC 771,088.Sq 47.0900

WESTW6OD ONE INC GOH 19~L~7,20 16.3000

HEYERHAEU~ER CO CON ~507~558.8& 66.3~00

WHIRLPOOL CORP COH 3~496,906.95 65.7600

WHITNEY HLDS CO 673~979.88 27.5600

WHOLE FOODS HKT INC 47,242.09 77.5900

WILEY JOHN ~ SONS INC CL A 16,081.98 39.o400

WlLLIAM~ COHMUN%CATIONS GROUP 2.0o 0.o0q0

RILLIAH~ CO~ INC CoM 8~197.4~ 25.1700

WILLIAMS SONOMA INC C0M ~61,585.22 43.1500

WILMINGTON TR CORP 2~,027°57 ~,9100

HARKET

10~2~0~526.01

~%404,50

10~780+00

17,070.75

150,~22°~B

18~584.3&

240,$29.54

11.5~9.~0

3~357,202.0~

5,977~594,BS

888,672,20

20,261.76

Z.00

llBmlG7.00

689,752.75

24,785.07

RUN DATEz 2~-JUL-06PAGE: 158Hl102~

UNREALIZED

141~099.6~

17~199.97

650.16

3~661.10

I~,16~.78-

5~707.68

100,~26.~1

77,661.82

7,557.90-

478,687,9B

14,692.B2

29~064.4S

2,179,78

0.00

12B~367.5~

1,758.10

Mellon

USW G000100qWEST PENSION TRUSTTOTAL PENsioN

SHARES/SECURITY DE~RIPTIQH

I~I16.0000 WISCONSIN ENERGY CORP COM

1~282.0000 WORLD POWER TECHNOLOGY

IpS&6.0000 RRIGLEY WH JR CO COM

158a68S,O000 WYETH

NYNN RESORTS LTDCOM

28,99~.0000 XM ~ATELLITE RADIO HLDg~ INCCL A CQM

3s265.0000 XTO ENERGY INC COM

3j563.0000 XCEL ENERGY INO

$8=790.0000 XILINX INC COM

4%067.0000 XEROX CORP O0H

25=266.0000 YAHOO INC

YELLOW ROADWAY CORPNOW CUSIP 96424710Z

27,(~6.oo0o YUM BRANDS IN;COM

21jS00.O000 ZALE CORP NEW COM

72~.0000 ZEBRA TECHNOLOGIES CORP CL AtOM

2~189.0000 ZIMHER HLDG~ IND COH

QWEST PENSION PLAN ~:~EIN 84-4339282 PLAN NUMBER: 00


5~00 SCHEDULE oF INVESTMENTS AT END gF PLAN YEAR51 DECEMBE~ 2005

COST37,620°$8

~,~64.00

10Sx2gl.~0

6m060,3&0.39

28~847,07

931,19~.04

S6~106.10

64,64&.57

IjSBZj626,46

769j464.B3

~SB,559.27

50,417.66

|,~81J246,~5

637~SSB.B2

59,38S.71

17En242.22

39.0~00

2.0000

66.6900

4~.0700

54.850O

27.2800

43.9~00

IS.4600

25.2100

1~,6500

5?.iB00

~4,6100

~6.8000

25.1500

42,8S00

67.4400

MARKETVALUE

4~,590,96

2,564.00

10~,12$.~4

6~SSOa162.1&

26j60S.25

73&:369.0~

162,505.$0

65,772.98

1~482~I2~.79

718,831.55

9B~,921.B8

24~57.05

1,295~575,68

548m270,00

5~066.25

1~7m6~6.1~

RUN DATE: 26-JUL-06PAOEI I~9MIIOSE

UNREALIZED

~970,~

0.00

~19,781.77

194,825.00-

~6,479.20

926,61

100,303.67-

101m382.61

85~670.77~

89~268.8Z-

USW D000100~HE~T PENSION TRUSTTOTAL PENSION

SHARES/

56~575.0000

IE~720.0000

79~.0000

~.0000

210,00~,0000

&~0~000,0000

TOTAL CORPORATE STOCK - COMMON

PARTNERSHI~JJO.INE VENTURE INTEREST

50I~B26,000.0000

424.9~00

21,494,0000

~7~793.0000

S~,4~6,9~00

~2~6~2~746.0000

9, SB7~046.4000

5500 SCHEDULE OF INVESTMENTS AT EN~ OF PLAN YEAR31 DECEMBER ~005

SECURITY DE$CRIPTI~ ~DST

ZIONS BANCORP 2,5~0,5S9.52 7~,S&00

FORMICA BERMUDA HOLDINGS LTD 786,000.00 50,0000

US AIRHAVs GRP IND WT TO PUR o.00 0.0000CL A COM STK

MANA INO coMMoN STOCK 0.00 0.0000

GBL Eq OPP CL A2 SER IB 21,000,000.00 100,&S91

G~L EQ OPP CL AZ SER 16 &~,000~000.00 9~.225~

2,666~70~,S94.~3

AMB JAPAN FUND I

APA cAP RISQUE II-LP

SP CAPITAL PARTNERS L P

REGIONAL FINL ENTERPRISES IllLTD LP AGREEMENT OF LIMITED

U~ VENTURE PARTNERS III-LP

UKRAINE FD LP

BPIF NoN-TAXABLE L P

MILLER gLObAL REAL ESTATE FUNDIV

cLARION LPF RE

2~8S6m249,01 0,0088

~IZ,970,16 1.0000

424.93 1.0000

0,o0 1.00o0

3sS94,067.~2 1.0000

10~9~7.24 0.0O00

38,066:1&0.g~ 1.0000

7,~63,077,1~ 1.0000

80~204~00~.00 1,0000

MARKET

2,763~607.00

755,000,00

0.O0

0.00

21~1~4~711.00

65,504,512,00

2~849~711~70~o65

2~&81~$29.72

6S~299,50

424.9~

21,494.00

$47±7~.00

0.00

~,887,046.60

8S~994~97E,00

RUN BATE: 2~-JUL-06PAGE: 160MIlOZE

UNREALIZED

23S~007.~

0.0o

0,00

O,O0

14~,711.00

~9~488.00-

18~007~12.22

174~719.29-

0.00

21=494.00

3~046±274.62-

10~987.26-

16,62~56E,05

2~23,069,27

8,7g0,970.00

MellonQWEST PENSION PLAN .....~}~

EIN 84d339282 PLAN NUMBER: 005/


5500 SCHEDULE oF INVESTMENTS AT END OF PLAN YEAR31 DECEMBER 200S

SECURITY DE~CRIPTt0N

COVENTRY REAL ESTATE FD II LLO

MILLER 6LOBAL FUND V LLC

KELSD INVESTMENT ASSOCIATESVII LP

FREMONT STRATEGIC PROPERTY II

RCS III LIHITED PARTNERSHIP

H & q IV LIMITED PARTNERSHIP

COPLEY INVESTOR~ LTD PARTNEESH

VENTURE CAP FD OF MEN ENGLANDII LTD PARY A DEL

MEOIA COMMUNICATIONS PARTNERSL P AGREEMENT CoPY

NEW ENTERPRISE ASSOC IV LTDPARTNERSHIP

PRINGTON /FS REALTY ASSOCIATE~LTD PARTHF.~SHIP

EQUITY LINKED INVESTORS IILTD PARTNERSHIP

K D AS$OC II LTO PARTNERSHIP

CENTENNIAL FD V L P

WHITNEY SUBORDINATED DEBT FDNgLIMITED PARTNERSHIP

cosl

7~$82,628.28

Is504j752,$4

G,480~116.44

S~S68.141,86

608j~17,99

602~58.85

~9=016.00

0.00

6j254jCB~.25

1,~2aj617,91

1,851,566,00

2g~O67)?5&.~2

1,776~3~4.0~

1~559)$52.85

2~417,977.B7

1.0000

1.0000

1.0000

1,0000

1,0000

1.0000

1,0000

1,0000

1.0000

1.0000

1.0000

1.0000

1.0000

1.oooo

MARKETV~LU~

7~884,55~.00

7~SZT,ZT~.60

5s271,5~6.00

~9,611.00

60B,00

~%01G.O0

449.00

1~2~7~072,00

85,287.00

1,875,12~.00

7~76B~&14.00

1,196,601.75

2,160,22~.00

81~302.00

~UN DATE~ 26-JUL-O&.FACE= 16~MII02E

UNREALIZED

~01~70S,72

0.00

847~ISS,16

296~79B.86~

559~00Blg?-

60Z,~SO.65-

O,O0

~49.00

43~550.00

5~9~32,04-

IR,Zg~,lRS.85-

2,~3~695.B7-

, , ~,i L

USW ~000100QHF.~T PENSION TRUSTTOTAL PENSION

SH~RESl

1,591~155.0500

2~357~28~.4700

5,720~158.0000

1,215,SI~.9800

~D~559.0000

25&=172.0000

3,D37,190,7600

16~.5~00

20~785.0000

7,785.9520

~,655,879.0000

80~)150,9200

12~727.0000

2,90~,646.00o0

2~105~4~3.0000

4,~67,91~.0000

770,459.0000

5500 SCHEDULE OF INVE~TMENT~ AT END OF PLAN YEAR51 DECEMBER 200S


SIT/KIM INTL INVT L P

EHVIRONHENTAL PRIVATE EQUITYFUND Ii L.P

CONCOR~ PARTNERS II L.P

TCN ~PL ¢RS FD IV-LP

VESTAR EQUITY PARNERS L P

DROTECH PARTNERS IV L,P.

ACCEL IV CAPITAL L,P,

MEN C~NTURY HLDG~ L P ZII

SPECTRUH EQUITY INV~’~TOR~ LPFIRST AMENDED & RESTATED

CENTRAL EUROPE TELECOHS INV LP

HERITAGE FD I L,P,

HSBC PRIVATE EQUITY FUND L P

THOMAS H LEE EQUITY FD III LP

J N CHILD$ EQUITY PARTNERS LP

6S CAPITAL PARTNERS II L P

CYPRESS MERCHANT ~ANKINGPARTNERS L P

HARBOURVEST INTL DIRECT FD L P

~7~.B78+6+

2~073~082.49

I~+709~492.28

462~15.5~

$,043~1~2.49

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[~663~772.52

3s825.56

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0.00

~175,569,03

9~315,112,~8

1~88~>930.8~

11~267,094.00

15>7~4~437.97

2,~88~897.16

1o0000

1,0000

1,0000

1.0000

1.0000

1,0000

1,0000

0.0000

1,0000

0,0000

1,0000

1,0000

1.0000

1.0000

1,0000

1,0000

1,0000

HARKETv.SELUE

1,591~155,0S

2,~57~288,~7

5~720,155.00

1,21Z,519,9~

~8,559.00

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$,857~190.76

0.00

20~7&5.00

0.00

5,&S5,879.00

805~150,92

12G~727.00

2~105,44~,00

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770~459.00

RUN DATE: 2&IJUL-0SPAGE= 16~MIIOZE

UNREALIZED

716~274.~0

28~20~,98

751,30~.~

2~994~62S.~9-

~656,473,99~

2~17~,418.~4

3,82~.56~

$,05~.542.~7-

0.00

I~760~20~.8S~

9~012,~35.91-

9)161,651.00-

II~26&,521.99~

2,218,458.16-

Mellon

USN O000100QNEST PENSION TRUSTTOTAL PENSION

SHARES/

1,Z&$,~a7.0000

2~i~$,061.0000

2.991,435.0000

~94~556.0000

7,514~49~.0000

lt276,017.3700

2jZI7~Z~6.0000

1~871)~60.a000

2j770~72Z.2100

6±749)000.0000

1,225~494.1000

E76~24.0000

5~117~936.6000

120~530.0000

1Z,167,]57.0000

60~666.0000

QWEST PENSION PLAN ’ ""’~:}EIN 84-t339282 PLAN NUMBER; 00~ ¯


55Q0 GOHEOULE OF ZNVESTMENT~ AT END 0E PLAN YEAR51 DECEMBER ~OS

SECURITy DESCRIPTION

wHITNEY EQUITY PARTNERS L P

FRAZIER HEALTHCARE II L P

THREE CITIES FUNB lI LP

ACCELV L P

SS EMERCING MARKET REAL ESTATEFUND L P

APEX INVESTMENT FUND lit L P

PCLARIS VENTURE PARTNERS L P

$I UK INVESTHENT PARTNERS

DCMINION FUND IV LP

ACRIBUSINF.~S PARTNERS INTL L P

CHISHOLM PARTNERS III L P

S S MEZZANINE PARTNERS L P

VESTAR CAPITAL PARTNERS II! LP

INFRASTRUCTURE AND ENVIRCNHENTPRIVATE EQUITY FUND III L P

SAGAPGNAK L P

WEST STREET FUND I LLC

GS PRIVATE. EQUITY PARTNER~

HARBINGER INDEPENDENT POWERFDX L LC

COST PRIC~

qj24~,31~.B7 1.0000

4,SZOjg~,71 1.0000

5j065,lgG.ST 1.0000

I~5%063,63 1.0000

6)Z59~E79.58 1.0000

~,0B1,907.29 1,0000

9~051,192.3~ I.O000

~I~5~7~.57 1.0000

~22~;965.05 1.0000

4,5~0~7B,00 1.0000

702,005.72 1.0000

982~GB1.E1 1.0000

7,410,~72.65 1.0000

10~640~056,03 1.0000

13~752~39.29 1.0000

121,8i0.00 l. O000

~117,165,B2 " 1.0000

MARKETVALU~

1,26~,~a7.00

2,18~,061.00

2±g91,4~5.00

q?q~SE&.O0

7,51q~q95.00

1,276,017.~7

2~217,$46.00

1~871~60.80

2~770~723.21

~7~g~000,00

1~22~,q94.10

~76r~2~00

~,275~147.86

5,117,936.&0

7,705,070.00

120,550,00

12,167~357.00

~B7,178o02

RUN DATEr 26-JUL-O6PAGE= 165HIIOZE

UNREALIZE~

2~073)761.57-

1,364~507.63-

1~25q~915,~2

G,745>BS~.g2-

6,274~114.77-

5, qS~239.BG-

2,40Q~B28.00

521~88.~8

305~857.51-

2,115,72~.79-

5,522~i19.4~-

6,0~7~769.29-

l,RG0,00~

I0,9~9,826.22=

82,194.00

tt

USW Goo~looQ~EST PENSION TRUSTTOTAL PENSION

~HARES/

2~8~9,1600

5,S&2,S83.OG00

9,7B5,120,0000

~,58~20.2500

24,871,023.0000

?~193,7~I.0000

2<~$7,749.6700

22,~31,503.0000

l)~gZ~57~.OOOO-

2,653sZ67.0000

5)I82)8~7.5100

3,0~0s6~5,0000

9~271~199.0000

2~718,277.7100

~500 SCHEOULE oF INVESTMENTS AT END OF PLAN YEARS1 DECEMBER 2005

R~ c PT

MARSHALL FINANCE PARTNER~ LP

HSBC PRIVATE EQUITY FUND ~I(PARTNERSHIP}

BRERA CAPITAL PARTNERS L P

MCCONN DELEEUN ~ CO IV LP

G S PRIVATE EQUITY PARTNERS IIMANAGER FUND L P

THOMAS H LEE Eq FD IV L P

ALCHEMY PARTNERS LIMITED L F

APOLLO INVESTMENT FUND IV L P

FRANKLIN CAPITAL ASSOC Ill L P

G S VINTAGE FUND OFFSHORE L P

CYPRESS MERCHANT BANKINC IIBUYOUT ~20MM

SPECTRUM E~UITY INVESTOR~ IllLP

CENTENNIAL FUND Vl LP

INSIGHT CAPITAL PRTNS III LP

~ PRIVATE EQTY PTNRS II-DIRFD

APEX INVEGTHENT FUND IV LP

COST

$,201~120.19

B,059,045.0~

1B, 732~62~.00

19,S11~080.15

14~126~504.~S

17,163~256.57

18~B89,661.87

6,188,37~,87

Is8<I~909.2~

15,505,720.50

I9,S23s12~,EO

15,959~2o0.00

13s~I2,54~.0~

11,9~6~17.~7

16~29,798.10

E~

l. O00O

1.0000

l. O000

1.00O0

1,0000

1,0000

1.0000

l. OOpO

1,0000

1,0000

1.0000 .

1.0000

1,0000

1.0000

1,0000

1.0o00

MARKETVA,~LU~.L U

25~B69.16

~,58Z,SB~.96

9,785~120.00

4,589,320,25

24,B71,023.00

$~193~761,00

2~,357,7~9.67

22,931,50~.00

1,492,57~.00

2~653,267.00

1g~II~030+83

~182~887.51

3~090~6~5.00

4,4~5~52~.54

9,271,199,00

2~718:g77.71

RUN DATE: 26-JUL-06PACE: 16~HllO2E

UNREALIZED

3~172~2Sl.03~

1~721~757.92~

i~,576~320,10-

7,17~,q95.10

4~695,800,87-

~I1,557.7~

3~905,~10.33

14~0,2~5.99-

12~8~8~55S.00~

9~326~820.50-

MellonQWEST PENS[ON PLAN

EIN 84-1339282 PLAN NUMBER: 00b "SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


5~00 SCHEDULE OF INVESTMENTs AT END OF PLAN YEAR$i DECEMBER 200S

3ECURITY DESCRIPTION

GRAPHITE CAPITAL PARTNERS "G"

GRAPHITE CAPITAL PARTNERS "~"

HARBOURVEST VI DIRECT FD LP

NORTH CASTLE PARTNERS II LP

ADVANCED TECHNOLOGY VI LPVENTURE CAP $12,SMM

G$ PRIVATE EQUITY PARTNERS1999 DIRECT FUND

OXFORD BIOSDIENCE PARTNER IllLP

THREE CITIES FUND III LP

GS PRIVATE EQUITY PARTNER31999 MANAGER FUND

POLARIS VENTURE PTNRG III LP

ON3~ IV LP

PEGAIU3 PARTNERS IX LP

SPECTRUM EQUITY IV LP

GS PRIVATE EQUITY PARTNERSTECHNOLOGY FUND 2O00 LP

HIID COMMUNICATIONS PARTNERS

INSIGHT CAP PTNRS EURD I LP

COST

~,957j629.92

50619,<0~.75

~726~654.51

18,24S~2Sq,22

19,675,595,98

llt225f55B.31

I6j237~142.00

13j550,367.31

$1~172)65S.39

21~907~259.B0

i6,o43,750,00

IOj775,~I7.gS

21j495j323.73

10~775j508.40

S~2B1~517.33

1,795,737.00

PRICE

1,0000

1.0000

1,0000

1.0000

1.0000

1,0000

1,0000

1,0000

1.0000

1,0000

1.0000

1.0000

I,O000

1,0000

1,0000

~ARKET

2~7g~8S.25

2,~19~7~6.&7

2~65~290.00

1~j717~807.00

~441~0.00

10~602~565.00

8~21~580,00

10~0Z~,9~6.52

$0,7IS~395.00

I~,515,~0;.00

10,4Z7.4~5.00

19,215)B62.12

22~768~058,G3

S~890~257.00

2~45l~6&5.00

17~185,00

RUN DATE= 26-JUL-06PAGE~ 16~MII0~E

UNREALIZED

2~145,2<6.67-

~,199,642.06~

l~761,34~.B1-

3~027~477,22-

l~23q~0~S,gG-

&22,ggs,$1-

B,OZIj562.00-

~57~265,$?-

8~95,70~.S0-

S~&l&~Z95.00-

1~272~73~.90

~885~ZB1.~0-

1~77&,5~9.00-

US~ GO00100~WEST pE~$IOH TRUSTTOTAL PENSION

SHARES/

1~,9~1,~%oooo

20~069,617.1100

15,969,~5~.7700

17,109~621,0000

5~869,898,0000

I~6~0.867,6600

3,705~720,0000

17,90~)~13,$700

8~50~62~.1700

5,668,570,0000

I~56,17~.9300

7~573,561,0000

B,225~895,0000

5,19~,47~.0000

4~0~9~399.0000

~S00 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR~1 DECEMBER 200~

~RITV DESCRIPTION

THOHAS H LEE EQUITY FUND V LP

BC EUROPEAN CAPITAL Vll

INSIGHT CAPITAL PARTNERS IV

GS PRIVATE E~TY PTNRS 2000MANAGER FUND LP

GS PRIVATE EQTY PTNR~ 2000DIRECT FUND LP

PACVEN NALDEN VENTURES V LP

FIDELITY REAL ESTATE GRONTH FD

MATLIN PATTERSON OPPTYS GLOBALPARTNERS

OXFORD BIOSCIENCE PARTNERS IVLP

US VENTURE PARTNER~ VIII LP

ADVANCED TECHNOLOGY VENTURESVII LP

POLARIS VENTURE PARTNERS IV LP

NORTH CASTLE PAR’~ERS III LP

APOLLO ADVISOR’~ V LIP.

CENTENNIAL FUND VII LP

LEHMAN BROTHER3 REAL ESTATEPEN31ONS PARTNERS LP

co~T

1~,889,SB7.$~

16~89~,298.60

1S,662~184.20

17,599,922.01

4,5~6,560.59

1,901~160.~&

3~7~7:708.46

11,5~6,5~5.0S

10,272~959,39

~,770~20.02

1,909~222.BB

8,160,000.00

5~923.525.49

~,27%766.~5

5,8G~,96~.9~

26~Egl~g&S.5~

1.0000

1.0000

1,0000

1,0000

1.0000

1.0000

1.0000

1.0000

1.0000

I.O000

1.0000

1.0000

1,0000

1.0000

1,0000

I.O000

MARKETVALU~

18,9~i~559.0020,069~G17.11’

15,969,~33,77

17~I09~621.00

~,869,sg8.00

1,(~0~67,66

3~705,9~0,00

17~90S~513.57

8,505)823.17

7~573~5&I.00

5,1~6,<7S.00

4~08~,5~9+00

30,0~9j097,30

RUN DATE: 26-JUL-06PAGEt 166Mll02E

UNREALIZED

5~031~971.67

2,692~7~0.43-

290~301.01-

26B,292.80-

61,7~8.46-

6~318=868.$2

I~7~7,116.22~

I~I02,0S0,0~-

536~439.00=

~302~5~9.51

916~70~.5/

~,~51,I31.76

MellonQWEST PENSION PLAN ’~

EIN 84-1339282 PLAN NUMBER: 005/


5500 SCHEDULE OF IWVESTHENTS AT ERr~ OF PLA~R YEAR$1 DECEh~BER ~005

CERBERUS INSTITUTIONALPARTNERS (AMERICA) LP

ToW MEZZANINE

C~ RICHARD ELLIS STRATEGICPARTNERS 11 PF LP

VARDE FUND VI L P

GS VINTAGE FUND OFFSHORE IT

GS PRIVATE EQUITY PARTNERS2002 MANAGER FUND

POMONA CAPITAL V LP

GS DISTRESSED OPPORTUNITIES FDLPCYPRESS MERCHANT B PARTNERS II

INVERNESS PARTNER~ II LP

LIME ROCK PARTNERS II LP

HARBINGER INDEPENDENT POWERFUNO II LLC

PAUL ROYALTY FUNb II LP

KPP INVESTORS II

ARES ooRPORATE OPPORTUNITIESFD LP

FIDELITY REAL ESTATE GROWTHFDII LP

COST

I~577,72L90

1Ej278~775.58

<~3~2~551.55

~6,521~�50.5~

$,565,155.68

1,251~&Tg.B&

~870,158.1;

I2~98~392.~1

2,~89~902.~7

1~21~5~3.00

1,516~605.00

27)99~0~0,16

~88~66.56

10,8~7~318,00

18,271,~&~.18

i~,q99,690,2~

1.0000

1.0000

1.0000

1.0000

1.0000

1.0000

1.0000

1.0000

1.0000

1.0000

1.0000

1.0000

1.0000

1,0000

hO000

1.0000

MARKETVALU~

~5~025~580.~6

IB~053~665.0G

2,540~298.42

~001~505.83

8,907~&gg.00

i~202~796.00

~,51G~203.00

~)260~161,60

5,029~786.00

27~715~731.4~

696)9~5.18

11~219~7~.00

25,881~623.18

16~792~0~2,00

RUR DATE: 2£-JUL-OSPAGE= 167Hl102E

UNREALIZED

10~47~853,4G

224)910.52-

1,982,555.~I-

6,~82,075,24

5,344)545.32

55~,955.1~-

1,688,096.59

770=259.15

21a~77.00

1,513,181.00

~77~298,73~

205~28.82

372,426.00

7)~I0,1~0.00

h292,~31.71

U~H G000100Q~EST PENSION TRUSTTOTAL PENGISN

SHARES/v.~

2,930,507.9700

22,03g,~22.9100

2,032,396,0000

6,249,105.7~00

10~632,751.5700

885~501.~200

B~265~956.0000

~95~049,0000

7~$95~251.0000

1,505.~6.0000

88~,276.0000

2=053~12~,0000

2~10~9~6.0000

1~6~7~028.0000

4,~7~076.0000

5500 SCHEDULE OF INVESTHENT~ AT END oF PLAN YEAR31 SECEH~ER 200~

SECURITY gESCRIPTION

CIVO PARTNERS FUND IlI

GRAPHITE CAPITAL PARTNERS VI"D"

CB RICHARD ELLIS GTRATEGIGPARTNERs Ill LP

BE NGVO VENTURE~ ~ ~ LP

ALTOR II FUNO 200~ LIMITEDPARTNERSHIP

~LACKACP.E INSTITUTIONAL PRTNRS

FISHER LYNCH VENTUREPARTNERSHIP LP

MATL~N PATTERSON OP I~

BAIN CAPITAL FUND VIII LP

CALTIUS Ill LP

US VENTURE PARTNER~ IX LP

AcCEL IX LP

CARLYLE PARTNERS Iv LP

PEGASU~ PARTNERS ~11LP

LZHE ROCK PARTNERS II-AIV LP

OCH/GFI PO~ER OPPORTUNITIES FSII LP

COST

R,2S&,712.99

~,361,974.B5

21,6~5,831.06

2,371,875.00

~$29~24~.45

10)148~726.5~

1~207,262.1~

8,~19,759.~5

6~882~7~5.70

7,357~27g.00

I~600,000,00

950~000.00

2~033,223.00

I~971,580.73

818~975.50

�~869~i~1.00

PRICE

h0000

1,0000

1.0000

1o0000

io0000

1.0000

1o0000

1.0000

1.0000

1.0000

I.00.00

1.0000

1.0000

1.0000

1.0000

1.0000

HARRET

2,121~0S.31

2,930~507.97

22~0~,322.~1

2,052,~06.00

8,2~1308.7~

10~832~7~t.87

885,501.62

8,265,956.00

4,953~0q9,00

7~398~231,00

1,505~546.00

~83~276.00

2,033~125.00

2~105,966.00

1,6~7,025.00

~,~7~,076.00

RUN DATE= 26-JUL-O~PAGE= I~BMIIO2E

UNREALIZE~

I/5,S09.6B-

qSl,~BB.3B=

40~,~91.85

339)~79.00-

1,720,0~.31

6~,005.$2

321~760.52-

15~783.~3-

70,~03.$0

40~52.00

94,05~.00~

66,724.00-

0,00

I~4.~85,27

828~032.50

395,055.00-

MellonQWEST PENSION PLAN 00 "")

EIN 84-1339282 PLAN NUMBER:SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS

(:HELD AT END OF YEAR)

USH ~oo.OlO0qHEST PENSION TRUSTTOTAL PENSION

5500 SCHEDULE OF INVESTMENTS AT END DE PLAN YEARSI DECEMBER 200S

SHARES/PAR VA[~.U

17j922~929,~900

14,755,811.9100

7~206,0~B.9000

224,781.0000

6,851,241.00Q0

~O?jOt6.0000

547,216.0000

18jB22jBO0.36g0


PRIVATVARDE FUN~ LP

FIVE ARROWS REALTY SECURITIESIV LP

LEHMAN BROTHERS REAL ESTATEPENSIOH PARTNERS II LP

LIME ROCK RESOURCES O L P

CON MEZZANINE II LP

CB RICHARD ELLIS STRATEGICPARTNERS US IV LP

BC EUROPEAN CAPITAL VIII LP

gCOGGIN IHTL FUND LTD CLA~

TOTAL PARTNERSHIP/JOINT VENTURE INTEREST

cost17j321j661.90

15j408,$60.50

6~2B2sBT0.30

R24.781.00

6,B05,400.99

40On01&.00

545~951.~0

I~,8~2,475.00

1,341j$05jlES.70

PRIC~

1,0000

1,0000

1,0000

1,0000

1.0000

1,0000

I.O000

1.0000

AUSTRALIAN [0YR BOND FUT ISFE)EXP MAR 06

27.00oo YO gAY AUSTRLIAN SK BILL FUTEXP MAR 0S

YS,O00O 90 DAY AUSTRALIAN BK BILL PUTEXP JUM 06

15.0000 90 DAY AUSTRALIAN BK BILL FUTEXP SEP 06

lB. O000 90 ~AY AUSTRALIAN BK BILL FUTE×P DEC 06

0.00

0.0O

0.00

0.00

Q.O0

0.0000

0.0000

0.OO00

0.0000

0.0000

MARKETVALUE

17j922,929.3g

14~75~,B11.91

7~206,03B.00

224~781,00

6,B51,241.00

409,016.00

547,216.00

IB,B22,B00.B6

1,I14,557,070o04

0.00

0.00

0.00

0.00

0.06

RUN OATEz 26-JUL-0~PAGE: IE9MIIORE

UNREALIZED~AIN/LOS~

601~267.49

65~,548.Bg-

9Z~,I~7.70

0.00

~S~B40,OI

0.00

1,265.00

lm990,~25.3~

226~9~8,085.66-

0,00

0,00

0,00

0.00

0.00

UGH GO00100~WEST PENSION TRUSTTOTAL PEN~ION

SHARES/

19S~000,0000

470,000.0000

450~ 0~0.0000

~4.0000-

3.000~

16.0000

2~.0000

i0,0000

15.0000

24,o000~

7~.0000-

5500 SCHEDULE OF INVESTMENT~ AT END OF PLAN YEAR~ DECEMBER 2005

~ECURITY.OESCRIPTTON

EURO=DUND FUTURE {EUX)EXP MAR 05

TURKEY (SOVT OF]20.000~ 17~0CT-2007

TURKEY [REP OF)0.000X 27-SEPT-2006

TURKEY {REPUBLIC OF) ~DS15,00OX I0-FEB=2010 TRY100

TURKEY [GOVT OF)0.000~ 05-JUL-200$

UK LONE GILT FUTURE (LIF)EXP HAR 06

90DAY STERLING LIBOR FUT (LIF)EXP HAR 06

90DAY STERLIN~ LZBOR FUT (LIF)EXP JUN 06

90DAY STERLING LIBOR FUTURE~EXP SEP 0~

90OAY STERLING LIBOR FUTUREEXP DEC 05

JAPAN 10YR BOND FUTURE (TsE)EXP MAR 06

SMQ’EUROYEN TIFF FUTUREEXP MAR 06

~MO EURO YEN FUTURE CTFXIEXP JUN 0~

~UN DATI~: 25=JUL-06PAGE: 170HI102E

MARKET UNREALIZEDcost PRicE ~O.00 0.0O0O 0.00 0.00

2,727,448.15 84,Z582 S:071~212.49 343,764.~4

121~52~.13 66.9496 130~551.~4 9,222.71

SY0~B46.57 G~.2016 400,447.65 50,101.25

265~B?.G0 57.~185 2S7~9S3.;1 ~,556.3~-

0.00 0.0000 O,O0 0.00

0,00 0.0000 0.00 0.g0

0.00 0,0000 O.O0 0.00

0.00 0.0000 0.00 0.00

0.00 0,0000 0.00 0,00

0.00 0.0000 0.o0 0.00

o.o~ o.0000 0.00 0.00

0.00 0.0000 0.00 0.00

Mellon

UGH GO00100q~E~T PENSION TRUSTTOTAL PEHSION

SHAES/~LuE

GI,0000-

[I,0000-

8~465~000.0000

225.9800

5~70G~000.0000

30G~000.0000

500.0000

560j000.0000

IIIj291~I23.0000

53,2~233.0000

26,305j172.0000

B50,000,000.0000

500,000~000.00o0

OWESTPENS,O. PLA.E[N 84-1339282 PLAN NUMBER; 00¸¸¸

5500 scHEDULE OF INVESTMEHT~ AT ENO OF PLAN YEAR~I DECEHBER 2005

SECURITy PESCRIPTION COST PRICE

3NO EURO YEN FUTURE (TFX) 0.00 0.0000EXP SEP 06

5NO EUROYEN TIFF FUTURE 0.00 0.0000EXP DEC O&

ISRAEL [STATE OF} BDS 2j018,205.B9 23.5547/.500X 31-NAN-R014 ILB100Q

BRIDOENATER GLOBAL REAL RETURN 42~,455,461,1B 1,9BB,S03,9271EOII

EGYPT T-BILL 96~,BR0.B5 16.9967ZEROCPN 14-MAR-2006

EGYPT TREASURY BILL SI,lll.SB 17.10770.000X T-BILL 2B-FEB-2006

NIGERIA CENTRAL ~K C/WTS 0.00 0.000015-NOV-20 {OIL) MAIN

ARGENTINA (PEP OF) 194j010.00 35.~6632.000X 50~SEPT-2014 AR$100

ARGENTINA {REP OF] l,l&9,7~,1& 1.6107VAN RT 15-DEC-2055

ARGENTINA (PEP OF] ~,266~II~.19 16.5937$TEP 31-DEG-2038

ARGENTINA (REP OF} BDS 7,059,11~.22 38.7&08NOW CUSIP LABONBCgl

COLOMBIA {REPUBLIC OF) 3&tp860.~ 0.0491II.7502 01-MAR-2010 CoPI000

COLUMBIA (REPUBLIC OF] ~59,57~.00 0.0SIS12.000X 22-0CT~15 CoP~000000

MARKETVALUE

0.00

0.00

1~995j906.28

~4B~232~217.~6

9&BtBiB.77

51a323.20

0.00

18G,651.71

1~792,793.80

10,19~106,32

<17,802.24

~9~258.12

RUN DATE: 26-JUL-06PAGE; 171MII02E

UNREALIZED

O.00

0.00

2~2~9.61-

~,796~756,~8

3,992,94

~11.32

0.00

7,I58.29-

625~0~0.G4

1.2~5,67<.~2

~,156~992,10

55,9~1;B6

5t6,B8-

UGN S000100qNE~T PERSION TRUSTTOTAL PENSION

SHARES/

3~642,500.0000

2~0B&,~00.0000

l~100~0O0,0000

14~700, o00.0000

~067,00o.0000

100,000.0000

2,077~I~I.0000

I~IB,000.0000

125,000.0000

29~000.0000

~GB~000.0000

~5~0o0.0000

I~4B~18~,0000

5500 GGHEbULE

SECURITY DE~.CRIPTION

MEXICAN FIXED RATE~.O00X 07-DE0-2023

MEXICO UTD HEX ST8.000~ 19-DEC-2013

MEXICO (UTO MEX ST] BDB?.500~ I8-FEB~201~ HXNI00 SE

MEXICO (UNITED MEXICAN STATES)10.000X 0S-BEC-202~ MXNI00

BRAZIL (FEDERATIVE REPUBLIC OFB.000X BOG IB~JAN-201B USDI000

FNILLIP~NES (REPUBLIC OF}B.000~ NTS 15-JAN-16 USBI000

ARGENTINA (REP OF)VAR RT IB-DEC~203S UBDI

VENEZUELA (REPUBLIC OFt10,750X 19-SEPT-201$ USDI000

REPUBLIC of PERU8.37BX 03-MAY-2016

COLOMBIA REP OF NTS~,RSOX 22-DEC-201~

VENEZUELA {REPUBLIC OF)B.S00X 08~OCT-201~ USOI000

PANAMA [REPUBLIC OF]7,RSOX 15-MAR-201B

DOMINICAN REPUBLIC REGS?,O~OX 2S-JAN-20IB USDI000

OF INVESTMENT~ AT END OF PLAN YEAR31 DECEMBER 2005

RUN DATEz 2~-JUL-06PAGE; 172MIIOBE

MARKET .UNREALIZEDCOST ~ VALUE ,~

263,572.B~ 8.6929 5B3,92.¶;.40 60~352.85

176jIgl.B9 9,2736 190~898.39 1~,706,50

101~514.33 I0.1358 111e471.99 9~957.66

1,366~233.69 10.6555 1,566,5~S.67 200,132.00

3~175,096,~ 107.~750 B,Z~6,ZB~.R5 123,161.80

I03~87B.00 104.7~00 104,730.00 BB~,00

104,042.35 5.2422 108,890.18 4~847.B3

1~&94,020.37 123.~000 1~7~6,II0.00 52,089.~3

140,000.00 109.7500 157,187.50 2,812.50-

~14,545.75 III.0000 327,450.00 12s906.25

39~579,78 109.6500 ~00,222.50 6,6~2.72

5G,2~5.00 I06.2500 $8~457.5p 192.50

1~$77:7~.3~ I04.~000 I~5~9,~BB.IO 28,2S7,2~-

Mellon

USN 0000100QHEST PENSION TRUSTTOTAL pE~SIO~

SHARES/

303x775.0000

25,000.0000

775p000.0000

~95,000.0000

2,240m000.0000

555j000.0000

EOOjO00.O000

B4OpO00.O000

310,OOB,O000

$20,o0o.0o00

200,000.0000

3~653j000.0000

150=000,0000

OWES PE.S,O. PLA.EIN 84-1339282 PLAN NUMBER: O0



DOMINICAN REPUBLIC REG S9.500X 27-$EPT-2011 USBIOO0

BRAZIL (FEO PEP OF}9.250~ 22-0CT-2010

PERU (REP OF) STD DES USB21-FEB-2012

PANAMA (PEP OF]g,375X BD$ 16-JAN-2025

COLOMBIA (PEP OF} DDS USDI000I0.7~01 IS=JAN=2015

COLOMBIA {PEP OF] DEB10.3751 20-JAN-203~ USD1000

BRAZILFEDERATIVE {PEP OF)S,2501 Z0-JAN-20$4

PERU IREP OF)9.8751 BOB 06-FEB-201S

PANAMA [PEP OF) BUS8.I2~X 28-APR-2054 USD

PHILIPPRNES(REPUBLIC OF1 B0S9.&75~ 15-JAN-2019 USDt000

MEXICO (UTD HER $T1 NTS6.62-q~ 03~MA~201S USDI000

ARCENTINA [REP OF} aDSVAN RT 0$-AUG=2012 USD1000

MEXICO (UTD MEX ST) NT$7.500~ OB-APR-2035 USDlOOO

cost

$09~466,23

28~000,01

904,812.52

57tt72S,00

2~&7~,B60.O0

6~2,412.50

4G0~575.o0

1,025,6~2.~8

351,075,00

528,000,00

216j900.00

Sjllg~&16,51

IGZjlE0.00

I05.8000

112.0800

114.2500

124.75o0

12~.0000

131.7500

I06.Z000

119.9000

%11.5000

Ii~.~000.

109,~000

78.2000

118.2050

MARKETV~LUE

321~39~.95

28,020,00

~, ~B7 .~0

617~512.~0

2,777~ 600.00

731~21~.~0

5’~1,000.00

1,007,16~’. O0

34S~ &SO ¯ 00

$78~800. O0

218~800.00

2,D58,210.00

177,307.50

RUN ~ATE= Z6=JUL-O6PAGE: 175MIIO2E

UNREALIZEO

II~927.72

19.99

19~375.0~-

45~787,50

i05,0~0,00

BS~BO0.00

70,~2S,00

1B~82.§8=

~0~GB0.00

1,900,00

261~06.51~

1~157.50

U~N O000100QNEST PEHSION TRUSTTOTAL PENGIO~

SHARES/

1~4~5~ooo.oooo

215~ooo.oo0o

99Y~000.0000

~I2~948.8000

1,290~000.0000

115~000.0000

~GE,000.0000

6~565,000,0000

7,9~S~000.0000

2~000°0000

~O0~O00.O000

1~S~800.0000

I~180,000.0000


SECURITY DES~I~IPJ~ .~ PRICE

COLOMBIA (REP OF) BB USBI000 1,669~21~,88 119.000010,000X 23-JAN~2012

GUATEMALA (PEP OF) BOS PEGS 252~038.00 116.25009.~50~ 0~-AUO-2013

JAMAICA OUVERNHENT OF BDS 1~078.295.00 I08.~=;0010.625~ ZO-JUN-2017

BRAZIL{F~DERATIVE REPUBLIC) 393,B7O.59 98.7~00VAR RT 15-APR-2012 US$250000

ECUADOR REPUBLIC OF BDS I~1~1,858.68 91.5000STEP I~-AU0~2030 DaD

ECUADOR REPUBLIC OF 117~5~7.50 100.000012,000X 15-NOV-2012

RUSSIAN FEDERATION PEG $ ~iS~4~2.52 I06.25008.2501 St-HAP-2010 USDIO00

RUSSIAN FEDERATION BD$ PEG $ 6,s96~264,~9 112.7500STEP 31-MAR-2030

BRAZIL FED PEP OF BSS 9,572,5~0,9~ 129.0000II.000X 17-AUO-20~0 USO

VENEZUELA PEP OF HTS 15,00 0.000015-APE-2020 OIL OBLIG

MEXIBO(U~ITEO HEXICAN ~TATE~) 611~000.00 165.250011.5001 1S-MAY-2026

PERU PEP VAN RT NT$ 1~8=991.56 94.Z500VAN RT 2017 USDIO00

BRAZIL (REPUBLIC) B~S I,~50,41~.01 126.085010.IZ~X I~-MAY-R02/

MARKETv~

I~719)EE0,00

249,937.~0

I~077,~87.50

407,786.9~

1~180,350.00

i15~000.00

49~0&2,50

7,~02~037.50

10~2~g)0~0,00

15,00

G~3~000,00

1~8,B~1,50

1,~87~803,00

RUN bATE: 26-JUL-OSPAGE= 17~Hl102~

UNREALIZEDGAIN/LOS~

50,035,12

2,100.50-

1~207.50-

13,916.35

48~91,32

2,E87*~0-

505,772,91

876)~99,0G

0.00

~Z,000.00

2;1~0.0G-

1~7~S~7.99

Mellon

U~N G000100qNEST pENSlG~ TRUSTTOTAL pENSIO~

SNARES/

1,000~000.00O0

l~&25, C00.0000

1,0~0j000,0000

107100020000

l~G, O00.0000

B78,000.0000

40Sj000.000O

1,275~000,0000

600,000.0000

41B~000.0000

100j000.0000

13~jg00.0000

OWESTP .SO. PLA.EIN 84-1339282 PLAN NUMBER: 00 ’


5500 ~CHEDULE OF INVESTMENTS AT END OF PLAN YEAR$i DECEMBER 2005

SECURITY DESCRTPTION COS]" ~.J~]~

MINISTRY OF FIN RUSSIA BBS 1,151~150.00 107.005010.000X 26~JUN~2007 REG

VENEZUELA ~EP CNV BOG 1,7q9137~.7~ 118.59009.2501 IS-SEPT-2027 USDI000

PANAMA REP OF BDS lt127,850,02 I19.0000B.B?BX 50-$EPT-2027

RUSSIA FEDN BDS REG g 174,~10,00 18~.500012.7501 2~-JUN~2028

PANAMA REP BUS 170,B75,01 125.50009,37SX OI-APR-2029

TURKEY KREPUBLIC OF) BDS 822,644.60 153.840011.87BX 15~JAN-2030 USD

COLOMBIA REP BOG 518~60.7B 1~B.5650I1.750~ 2B-FEB-2020 USD100

PHILIPPINE~ REP GLBL BD 1,507,712.51 127.5000I0.625X 16-MAR-2025

PHILIPPINES REP OF BOG ~B8~000.00 106.15008.2501 15-JAN-20t~ UGDI000

MEXICO (UNITED MEX STATESJ BDS 2,01~669,76 114.1250B,3751 I~-JAN-2011

BRAZIL FED REP OF BDS 431jB28.2S 111o8750B.B75~ 15-APR-2O24

MALAYSIA BDS lZB~061,00 112.29501,500X 15-JULy2011

GUATEMALA KEEP OF} Dg~ USB 161~550,00 11g,000~10.2501 0~-NGV-2011

MARKETVALU~

1~070,050,00

1~92~817,50

1,225,700.00

I~345.00

181~975.00

876~88D.00

E61~IBB.2B

1~625=~2S,0~

&$6jgO0.O0

1~957~24~o75

~6~281.25

I12~295.00

I&O~SBO,O0

RUN DATE: 2G~JUL-OGPAGE: 175MI102E

UNREALIZEDGAiN/LOSS

&I~I00.00-

174~61.77

g7.840.gB

21,9~B.00

Ii~599.~?

42,727.B0

117,912.49

4~900.00

62~2&.Ol-

32m~53.00

2~TGG.OO-

g00,00-

U~N G000100QNEST p~NsxGN TRUSTTOTAL PENSION

~HARES/

580,000.0000

215~000,0000

180~000.0000

~80,000.0000

160,000.0000

~00,000.0000

1~875,000.0000

~50,000.0000

200~000,0000

iB~.O00,O000

762>$I8.2000

17.0000

15.0000

5500 SCHEDULE OF INVEST~ENT~ AT END OF PLAN YEAR31 DECEMBER 2005

SECURITY DESCRIPTION COST

HEXICO (UTD MEX ST} NTS &53~190.90 111.40001.500X 14-JAN-2012

TURKEY [REP OF) 24~,B95.00 109.31509,~751 I9-NAR-0G USD1000

LEBANON [REP OFt BD USD RG’S 209,957.50 123.400011.625~ 11-HAY-2016

PROV OF ONTARIO 505,920.00 I02.0000B.125X 17-JUL-2012 UBD1000

PANAMA (R~P OF} BDS IB6,019.90 117.1500~.575~ 25-JUL-2012

ITALY (REP OF] NTS 623,070.00 I02.16005.B751 15-JUN-2035

BRAZIL [FED REP OF) DEB 2,172~656.26 I15.985010.0QOX 07-AUG-2011 UBDI000

TURKEY [REPUBLIC OFI 770,5~0.91 119.95009.5001 15-JAN-201~ USB1000000

MEXICO (UTD HE)( $T1 MTN 205~005.6~ 105.50005.87SX I~-JAN-2016 USDI000

TURKEY (REP OF] NTS 192~E$.2~ 110.13008.0001 I~-FEB-205~

ARGENTINA KEEP OF)BOB ~59,~77,57 B4.16B~G.2BOX SIP NAB0$BYR4

CANADA 10YR BOND FUTURE (MsE) 0.00 g. O000EXP MAR 06

90DAY BANK AccEPT FUTURE (MSE) 0.00 O.OOOOEXP MAR 0~

MARKETVALU~

6qS~120.O0

2~5,027.25

222,120.00

~B9,600.00

157,~40.00

612~960.00

2,174,71~.75

779,675.00

207=000.00

20B:740.B0

641,61~.08

0.00

0.00

RUN DATE: 26-JUL*O6PAGE: 176MIIO2E

UNREALIZED

7,070.90~

8,S&7.75-

12~182.50

1~20.00~

1,420.10

lO,IlO.O0~

2~062.~9

9~114.09

2,25&,51

0.00

0.00

Mellon

USW 0o00100QHEBT PENSION TRUSTTOTAL pENSION

BHARE~/

51,0000

43.0000

38,0000-

7%000O-

I0.0000-

11.0000l

ljT15jO00.O000

4~0j000.0000

71-0~000.0000

320~000.0000

400,000.0000

Ij~45,000.0000

2~633,489.$600

QWEST PENS[ON PLAN ......’~.~~’

EIN 84-1339282 PLAN NUMBER: 00b ....SCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


5;500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR-$I DECEMBER 2005

SEOURtTY gES~RIPT~ON COS~

90DAY BANK ACCEPT FUTURE CMSEI o,0o 0,00oo

EXP JuN 06

90DAY BANK ACCEP FUTURE [NSE] 0.00 0.0000

EXP SEP 06

$MO EURO EURtBOR FUTURE (LIF} 0.00 0.0000EKP MAR 06

3H EURO EURIBOR FUTURE (LIF) 0,00 0.0000EXP JUN 06

~HO EURO EURIBOR FUTURE {LIF) 0.00 0.0000~)<P SEP 06

5MO EURO EURIBOR FUTURE [LIFt 0.00 0,0000EXP DEC 06

ARAB REP EGYPT GTD NT Ij70~,382.95 Y7.63~3~,450X 09/1512015 DO 09/27/05

BRAZIL FEDERATIVE REP GBL 8D 4S3~159.00 10~.5q007.BTBX 03/07/201S DD 03/07/05

BRAZIL FEDERATIVE REP GBL BRL 31~j316,09 42.S03212.500X 0110~/2016 DO 09126/0~

PROV OF BRITISH COLUMBIA 559jG85,81 101.94205.375X 10/29/2008 Do 10129198

GOVERNMENT OF CANADA 418,694.24 101.91735.2BOX O5-NOV-20OB

COLOMBIA REP BD IjB94~91Y.18 131.750010.575~ 01/28/20~5 DD 01/28/03

COSTA RICA REP OOVT PROM NT 5,~5Yp138.89 125.827~11.900X 0810112013 DO 07125185

MARKET

0.00

0,-00

0.00

0,00

0.00

0.00

lt67~j429,79

479s250,00

~02~483,41

526~214,65

~07~669.34

2,035,537.50

Bt$133652.SY

RUN ~ATE~ 2~-JUL-06PAGE= 177MI102E

UNREALIZED

0.00

0.00

0.00

0.00

0.09

0.00

29~955,I6-

26,091.00

11,832.68-

13,471.1~-

8,024,90-

140,618.32

141,qR&.50-

USH G0001~0~HEST PENSION TRUSTTOTAL PE6ISION

497~$62.$000

I~191,B28.0000

325~00.0000

7~00.0000

Z15~000,0000

2~6~0,000.0000

770,000.0000

75,000.0000

745,000.0000

1~370,000,0000

1,355~000,0000

2~5,106o1100

990~000.0000

5~00 SCHEDULE OF INVESTHENTS AT END OF PLAN YEARB1 DECi~BER Z00~

SECURITY DE~:RIPT~ON

DOMINICAN REP AMORTIZING I~4A9.500X 09/27/2011 DD 0~/27/05

DOMINICAN REP AMORTIZING 144A9.0~0% 01/2~/2018 DG 01/28/05

ECUAOOR R~P B 144A9.$75X 12/18/~015 DO 12112105

EL SALVADORREP NT 144A7,650X 06/1512035 DO 06/10/05

GUATEMALA REP NT I<~AI0.250X 1110812011 DO 11/08/01

ILLINOI3 ST TXDL~.IOOX 06101/2053 DO 06/12/03

ITALY REP NT6,000X 02/22/2011 DO 02/22/01

JAMAICA GoUT GLOBAL BD10.625X 06/20/2017 DO 06/20/02

JAMAICA GOUT NT9.280X i0/17/202~ DO 10/18/0S

LEBANESE REP MTN 14~A ~TR000098,BOOX 01110/2010 DD 10/18/05

NEW YORK N Y PREREFUNOED TAX7.BSOX 11/15/2020 BO I1/18/97

ORION 1981 ROYALTY FUND LTD

PERU REP G~L NT7,~SOx 07/21t2025 DD 07/19/05

COST

~68,467.62

1,029,812.~5

297,999.00

7~,767.50

255~451.26

2~588,092.15

8<7,0~2.24

79,781.22

736~66~.45

i~$09~556.70

1,511,6~8.00

~S,473.15

997~82.56

105.5000

105o2500

9~,250~

105.0000

119.0000

98.7720

IOK,~897

108.1250

99.0000

104.5000

I0~.8980

0.1569

~B.SO00

MARKET

524,928.~

1,25~,083,22

30~0GZ+59

77,Z50,00

2~S,~so.0o

2,607,589°80

812~271.11

B1,093.75

7~7~50,00

1,4~Ij&50.O0

~,~3~917.90

881~73.15

97~,1~0.00

RUN DATE= 26-JUL-06PAGE= 178MIIO2E

UNREALIZED~AZN/LO~S

56.400.82

Z24,270o77

5~063,50

2~482.50

2~18.74

69~488,65

34,771,13-

1,312,80

886.55

76~720,10-

0.00

22,332+~6-

Mellon

U$~ G000100Q~EST PE~EIO~ TRUSTTOTAL PE~SIGR

SHARES/

5g0j000.0O00

280,000,00Q0

~00,000,0000

135z000.0000

20,693,8670

77~8�$,1000

5~Ej000.0000

l~000~O00.0000

93,0000-

150.0000

1~109.0000

126,0000

28,0000-

QWEST PENSION PLAN ..... ~)EIN 84-1339282 PLAN NUMBER: 00b


5500 SCHEDULE OF INVESTHENTs AT END OF PLAN YEAR31 DECEHBER 2005

SECURITy DESC~ZPTION ~OST FRICE

PHILIPPINES RER GLOBAL BD ~99,~07.90 i0&,~7508,25o~ oi/15/~oI~ OD o7/15/o3

PHILIPPINES REP GLOBAL BB 287,q20.00 117,5o009.500~ 02/02/~0~0 DO 02/02/05

PRGV OF ~UEBEC 2q~5559.14 125,16907.125X 09-FED-2024

PRGV OF qUEBEC 195,837,05 I~3,2150STEP 22-JUL-2036 TR 0QOB&

SECTOR CAP FD LTO A SM~ 0.00 0,0000SECTOR CAP FD LTD D SHE 0.00 0.0000

TURKEY REP NT 576~o90,oo io5.25007,250X 05/15/2015 DD 10/07/04

UNITED HEXICAN $T$ TR~ 00010 1,062,500.00 I0&,30006.~75X 01116/2013 DD 01/16103

US TREA$ DD FUTURE {CGT) 0,00 0.0000EXP HAR 06

US lOYR TREAS NT$ FUTURE {CRT} 0.0~ 0,0000EXP MAR 0G

S ~ P 500 INDEX FUTURE (CME)0,00 0.0000EXP HAR 06

RUSSELL 2000 1NDEX FUTURE(CME] 0.00 0.0000EXP MAR 06

90DAY EURODOLLAR FUTURE {CME~0,~0 0.0000EXP MAR 06

HARKET

ql~,B62.50

~29,000,00

0.00

0.00

I~0630000.00

0,00

0.00

0,00

0,00

0.00

RUN DATE: 2~-JUL-0&PAGE: 179HIIO~E

UNREALIZED

15,552.60

qI~560.00

779.0~

~92,75~

0.0O

O.00

8,0~7,50.

500.00

0,00

0.00

0.00

0.00

0.00

USN G00olooQNE~T PENSION TRUSTTOTAL PENSION

SHARES/

$~,0000-

55.0000

10.0000

1~2.0000-

~70.0000

I~26,0000

2~8.00o0

~5~.0000

1,~56,0000

90~000.0000

q62~159~Z62,0000

2~8~q)0~5.0000

5~,678.1110

5~87~557.q?00

5500 SCHEDULE OF INVEITHENT~ AT END OF PLAN YEAR51 DEGEMGER 2005 ¯

~ECURITV DESCRIPTION~ PRICE

?0DAY EURODOLLAR FUTURE (CMEI 0.00 0,0000EXP JUN 06

90DAY EURODOLLAR FUTURE {CME} 0,00 0,0000EXP ~EP 06

9ODAY EURODOLLAR FUTURE {CME] 0.00 0.0000EXP DEC 0~

US 5YR TREA~ NT$ FUTURE {GBT) 0.00 0.0000EXP MAR 06

US 2VR TREA$ NTS FUT (C~T} 0,DO 0,0000EXP MAR 06

RUGGELL 1000 INDEX FUTURE(NYF} 0,00 0.0000EXP MAR 06

RUSSELL 2000 MINI INDEX (GME} 0.00 0°0000EXP MAR 06

$ & P M~D 400 ENINI (cHE] 0.00 0.0000EKP MAR 06

S & P 500 EMINI INDEX FUTURE 0.00 0,0000EXP MAR 06

DGI GLOBAL A~CENT 91~709,100.00 I~0~.2140HG~ ~R PROH NT ~62~159~262,00 100.0000VAR RT 12/~I/20~ O~ 05/05/0~

LANDMARK REAL ESTATE TRUST IV 1~519~6Z6,00 1.0000CLARION LIT RE 5@~7~670.29 I~I~S.2600LASALLE INCOME & GROWTH FUND 5,~05~807,05 1.0000IV

MARKET

0,00

0,00

0,00

0.00

0.00

0.00

0o00

0.00

0.00

Io~,BZ?~&O.O0

462,159~262.~0

2~02~,07~.00

5~873~557.4~

RUN DATE: Z6=JUL-06PAGE= 180MIt0~E

UNREALIZED

0.00

0,00

0,00

0.00

O.00

0.00

0,00

0,00

0.00

17~120~070,00

0.00

1~30~67,00

Mellon

. - -..)PENSION PLANQWEST

EIN 84-1339282 PLAN NUMBER: 00~?


ssao ~CHEDULE OF INVESTMENTS AT END OF PLAN YEAR$1 DECEMBER 20@5

~L~.U?~TY DESCRiPTiON

GUGGENHEIM PARTNERS PRISMOPPORTUNITY FD II [CAYMAN) LTD

GGLDMAN SACHS MT FG

AIG FOREIGN EXCHANGE SNAPO,O00X 02128/2007 DD 05/08/05

TRS LEHMAN BEDS US M~@ ~LG~ALAGGREGATE IND V~ iMO LI~DR

LEHMAN BROS CHS9 ERISA VSO.000X 01/31/2006 DD OI/ZB/05

LEHMAN CM~S ERISA VS I HO BPS5.00 CPN O,O0 MAT 01151/2006

TRS LEHMAN BEGS HB$ FIXED RATE"0,000X 1010112006 DD i0101105

LEHMAN MBS FXD RT SWAP IMO LBRIND ,{-1,00] BASIS PTS 3131106

LEHMAN MB$ FIXED RATE ~WAP I0.000X 04/30/2006 DD 10151105

TRS MSCI WORLD O8 INDX NET DIVV$ 1HL5 + 02~ W/Ms 11103106

MORGAN STANLEY RZO00 SWAP

DRAWBRIDGE SPL OPPORTUNITIESF~ LTD

LISTERINE RGYALTV INT #1ZERO cPN NO MAT DATE

MARKET UNREALIZEDCO~T P~ICE VALUE

5I,B28,872.64 10jSSO,269G 51jDlD,B~,50 150~971.~6

50,TqOj886.~9 I~4.gg66 74,~88,572.78 23~7~7,686.29

O.OO 0.0000 0.00 0,00

0.00 0,0000 0,0Q 0,00

0,00 O.OOgO g,O0 0.00

O.O0 0.0000 0.00 0.00

0.00 O.OOO0 0.00 0.00

0.00 0,0000 0.00 0.00

0.00 0.0000 0.00 O.OO

85,082,275,50 3j588.5560 Sg,E20)l17.g8 ~37,~q~,~5

70~055~331.01 67~.2200 65~G5,692,72 I~0~6,~8,29-

2~049,689.41 I.0000 2)~15~035.52 265~1~6.1l

~33~000.00 1.1100 353,000,00 0,00

USN G00010~~H~ST PENSION TRUSTTOTAL PENSION

5~00 SCHEDULE OF INVESTMENTS AT END OF PLAN YEAR31DEC~14DER 200~

SHARES/J~.B_=V.~L~ SECUP-~TV DESCRIPTIO~

75o9410 SOUTH AFRICA CAP GRGNTH FD

31~]59~421.1300 SENECA GAP INTL LTD

TOTAL OTHER INVESTHENTS

.CClOSZ. _~d=~110,0GO~OOO.O000-

20~000~000.000D-

6,600~000,~000-

1~500~000,0000-

20,000~000.0000-

25~800,000, g000~

4g~900~000,0000~

2~9~6,0000-

I02~76,0000-

I02~76,0000~

AIG FGREIGN EXCHANGE SNAP0.000X 0212812007 DD OS/OB/O~

TR$ LEHMAN BEGS U~ HDS GLOBALAGGREGATE INS VS IHO LIBOR

LEHMAN BEGS CMB$ ERISA VSO.000X Ol/~l/20O& DD 07128105

LEHMAN CHBS ERISA V$ i HO BPS5,00 CPM 0,00 MAT 01/~1/2006

TRS LEHMAN BEGS HBS FIXED RATEO.O00X I0/01/200& DD IO/OI/OS

LEHMAN MBS FXD RT ~NAP iHO LBRIND .(-1,00) BASIS PT3 $/$1106

LEHMAN MB$ FIXED RATE SWAP IO.O00X 0~/~0/2006 DD ~O/S~/O~

TRS HSCI WORLD US INBX NET DIVv5 1 HLB + 02~ N/MS 11/0~/06

MORGAN STANLEY R2000 SWAP

QUEST $~AP LIBOR

0,00

0,00

0.00

0.00

0,00

0.00

0.00

65~08~j27~,50-

70~055:531,01~

0.00

~.66B7

0°0000

0.0000

O.O00O

0.0000

0.0000

0,0000

5~429,5~20

685.~15

1.1020

MARKET

~292.05

51~15%~21.13

1,522~196,1~5.q7

0.00

0.00

0~00

0,00

0.00

0.00

85)555,$5q,75-

70,035,~1,01-

i12~g51,93~

RUN DATE= 26-JUL-O~PAGE= 182MllO2E

UNREALIZED

7~6~0,78-

2,2~6~987.86

87~&49~o9s, o7

5.15s,600,80-

o.0o

o,oo

0,0o

o,oo

0,00

o.o0

471,o81.2~

0.00

MellonQWEST PENSION PLAN ........"*~~

EIN 84A339282 PLAN NUMBER: 00bSCHEDULE H, LINE 4i: SCHEDULE OF ASSETS


USN G000100Q~EST PENSION TRUSTTOTAL PENSION

5500 SCHEDULE OF INVESTMENTS AT END 0F PLA~ YEAR31 DECEMBER 2003

SHARED/~ ~E~URITY DSSCRIETIOH

24~9q6.0000- qNEST QKFAR SNAP

TOTAL SHORT SALES

CGHMONY¢0LLESTIVE TR~T

16~20.4270 CAPXTAL GUARDIAN {NON-U.$.)

24~627,8B$0

19#027,689.9900

16j105~14G.$800

i~7,852.1860

129,791.1560

20%BgBj2BB.7200

7~955~704.2200

5,<02,490,~100

71jgOD.6?RO

41,602.4<30

SMALL CAPITALIZATION FUND

CAPITAL GUARDIAN U.S. SMALLCAPITALIZATION FD

TCH SOHMZNGLED DEBT ~ RLTY FDII A

BGI MONEY MKT FD B

TOO INC POOLED EMP DAILYVAR RT I2/51/2099 DD05/01/76

DON CONVERTIBLE TRUST

GCH INTL CGNV TRUST

EB SHAM SHORT TE’~M INV FUND

BDI GMN FUND

BSI RUSSELL 10Q0 ALPHA TILTS

JPMCB MST STRATEGIC PROPERTYFD

JP MORGAN SPECIAL SITUATIONPROPERTY FUND VRB

TOTAL COMMON/CGLLECTIVE TRUST

RUM DATE: 26-JUL-06PAGE: 18SMIlOZE

MARKET UNREALIZ~

0.00 IS.~22~ 332,3~.3&~ 332~$44.36-

155.117,604.51- 161~I6g,562,B~- 6,05t~958,$2-

l~=IBZ,Z&S,61

12~llB,702,0&

19~027,6B~.99

B8,~0<,775,00

$3~0B2,~86.45

2~OmS0G,288.72

92m70!~9~0.25

458,~81,S25.41

51,07%275.96

8~507,2~0.92 <91.8700

2,622=971.71 1,000~

19#027,609.99 I.0000

16#IO5,1~S,SB 1,0000

52,10~,228.15 259,7862

26,074~759.$0 254.5049

209,]08,2Ga.72 l,O000

~8~000,000.00 11,68~5

28~502,550.0~ 71.~9~2

80,084,850.29 I~377.2110

~0~216,~58,&9 I~227.7950

~lZ,~8,$10.7S

8=SS7=821,2~

3~606~461,1~

2)466#556,72~

O.OO

0.00

6~Z9~5~6.87

6~57~7~7.15

0,00

~,701~950.25

174,078m775.~3

18~9;9,940,9~

10~6~.815,27

Z~l~&57,501.51

5500 SCHEDULE OF INVESTMENTS AT END OF PLAN YEARUBN GOBOIO0. II DECE~4BER 200~QHEST PENSION TRUSTTOTAL PENSION

SHARES/

~OLED SEPARATE ACCOUN~

6,847.7B10 PRIMA I~ CONTRACT GA-30O~7 91~750,S19.04 17~025.~778

I,DZG.GBlO PRISA I CONTRACT OA~30057 ~8,210~13,64 2~,~01.5554

5,565.4660 PRIVEST 84,704,020.75 15,~44.4152

112~739~908.9~00 AETNA GROUP ANNUITY 92800 ACT 110,000~000,00 1.0000SAC-50095

TOTAL POOLED SEPARATE ACCGUNTS 33~664~9S5.41

~TMENT ENTITIES

26S~678.3990 GENESIS EMERGIN@ COMMINGLED FD

217~77.2020 GeM EUROPEAN HIGH YIELD FUND

182,857.5~20 ALLHEATHER PORTFOLIO LTD OFFSHORE FEEDER FUND

62,20B,78~.I0 ~I0.846I

I5,970,412.5B 7G,2576

IB6~75~621.Z6 1,055.01B?

MARKETVALU~

11~,$72,B81,~0

5~,7B2,83;.98

B3,~05,020o52

112,739)908.95

~67±~98~6~5.95

I09~IS2,949.7~

17:019:252,5&

RUN DATE: 26-JUL-06PA~E: IB4MI162E

UNREALIZED

~4,B22~3~2.4~

6,372~421.~4

2,739,908.95

1,951,1~0.00-

6)6~<,521,08

Mellon

qUELLOS PORtAbLE ALPHA

BRI~QEHATER PURE ALPHA II

HARBDUR VEST ~NTL PRIVATE EqPARTNERS III LP

HARBOURVEST VI PARTNERSHIP FD

OOH PRINCIPAL OPPTYS FDII LP

HARBOUR VEST INT’L IVPARTNERSHIP FUND

OCM HIGH INCOME CONVERTIBLELP

OCM OPPORTUNITIES FUND IV LP

LONE HOSPITALITY STRUCTUREDINVESTHENT’FUND II

HARBOURVESTVENTURE VIIPARTNERSHIPFD LP

FORE PLAN AS~ETSFUND

VAR~ON INTERNATIONAL BP LTD

BLACK,~TONE YORK AVENUEOFFSHORE FUND

N~N ASIA EAST INVESTMENT FDPFD A 3H$

BRI~GENATER CORPORATE ~ONB FD

QWEST PENSION PLAN "+~)-EIN 84-1339282 PLAN NUMBER: 005

SCHEDULE H, L[NE 4i: SCHEDULE OF ASSETS(HELD AT END OF YEAR)

~£0o ~CHEDULE OF INVE~THE~T~ AT EN0 OF PLAN YEAR~I DECEMBER 2o0~

S0,000~000.00 1,0~&.I185

i09,815~125.39 ~%~.9328

i0~07,212.00 1.0000

199,2~.~3 I,00091~911,g1~.02 1.9900

11,88~,$67.23 91.59~6

0.00 1,0000

9,~8~,770.0~ 1.0000

2,065,583.00 1.0000

20,009~000,00 1j0~1.1226

2s, 099~9o9.09 97.7~91I~9,09~,~99.27 1.0000

7a53~90.59 1,5600

32,932,B55.44 I~,1505

MARKETWLU~64,$0S~91~.80

191,6E~,77L5~

10~71~217.09

7s8~0~2~9,00

IB,~9~099,00

I9,552~459,qq

5,~90,491,00

2,0~0)370.00

21,022,~S5.72

24~5~9,295.23

I~7~959,6~1.0~

1,051,51G°I2

RUR DATE: 2E~JUL-06PAGE: 1s5HIIO2E

UN~EALIZE~

BSY,6~S,I~

~69~I69.00~

2,G66~973.00-

18,69q,B62,57

597.268.98

I*$02,507.70-

~,$90,~91.00

~9~4~0~2.07

I~,7B2.00

1~022,453.72

~30,lO6.72-

B~OG~99.7~

6~502~97S.~7-

USW G000100QHE$~ PENSION TRUSTTOTAL PEnsION

~HARE~/AV~ ~ECURITV DE$CRIpTTOH

157~789,965.009~ QUELLO$ ARS FUN0

TOTAL 193-IZ INVESTMENT ENTIT%ES

~E~ISTERED ~HVESTMENT COMPANI~

781, ~ZS.0910 EMERGIN~ NKTS GROHTH FD INCCOH

7sZ7~09.47~0 GMO TR ENEROIN~ HKT~ FO CL IV

10,2~9,841.2550 CLARION CHBS VALUE FUND2~086,B55.0000 CLARION HIgH YIELD CNBS

TOTAL REBISTERED INVESTHEHT COMPANIES

5500 SGHEDULE OF INVESTMENTS AT END OF PLAN YEAR31 DECEH~ER 200S

COST ~I~12~,000,090.00 l.000O829,813~$35,~0

44,83~368.60 70.~900

141,105,097.75 20.~700~I,S24,702.&l 9.21~42~8~795,00 1.000O

~02~65,965.96

MARKETVALUE

938~902~lBB.DB

S~,160,797.17

14~1925+~84.gI

94,722:~69.10

323,695,786.18

RUN DATE= 26~JUL-06PAGE: IB6

UNREALIZED

13,780~96~.00

I0~)08B~353.55

I0,326,~28.$7

7,$17~7.16

~197,866.~9

188,040.00

21~29~822o22

GRAND TOTAL.S 9;2g:~ 877:077 ~

NOTE: MASTER TRUST ASSETS ARE NOTREQUIRED TO BE REPORTED ON THISSCHEDULE AND, THEREFORE, HAVE BEENOMITTED.

Mellon

USN GO00$O0QNEST PENSION TRUSTTOTAL PENSION

QWE T PENS,ON PLA.EIN 84-1339282 .PLAN NUMBER: 005 7

SCHEDULE H, LINE 4j:SCHEDULE OF REPORTABLE TRANSACTIONS

SERIES OF TRANSACTIONS IN EXCESS OF FIVE PERCENTOF THE CURRENT VALUE OF THE PLAN ASSETS

FOR THE PERIOD 01 JANUARY 2005 THROUOH 31 DECEMBER 2005

5X VALUE~ 456 j 67~:~/75. St:

COST OF PROCEEDS COST OF ASSETSv E ~ ~ o I__.~J~T_Q~ EOBSDT=LATE MONEY DEPOSIT ACCT .00VAR RT ’~2/51/2049 DD 06/26197 2~91305~701.B0 .00BSDT=LATE MONEY DEPOSIT ACCT ~48,5I$.750o58VAR RT 12/51/2049 DD 06/ZB/S7 .00 2~8,,S1~,750.=;8

QHEST PENSION TRUST SHORT TERM ¯ 00FUND I=700,500~8~G.22 ,00~NEST PENSION TRUST SHORT TERM 1~,67~j819.,985,88FUND .00 1,67’~819,98E,88

QHEST PROPRIETARY SHORT TERM .00LII]OR FUND lj I}’7.* &29., 112.’~6 .00I~HEST PROPRIETARY SHORT TERM 1,171,,876j$19.5iLZBOR FUND .00 I ~ 171~876~319.51

EB SHAM SHORT TERM INV FUND .001 ~521,:~B9~ 222.2~ . 00

EB SHAH SHO~’.T TERM INV FUND 1=6,~6=091,,709,51¯ 00 I ~ 4~,~ 091,709 .~I

RUN DATE: 2~-JUL-O6I

T6~O0

o00

.00

o00

,00

,00

,00

.00

.00

r-SCHEDULE P(FORM 5500)


........ + .....

Annual Return of Fiduciaryof Employee Benefit Trust

This schedule may be filed to satisfy the requirements under section 6033(a) for anannual information return from every section 401(s) organization exempt from tax

under section 501(a).Filing this form will start the running of the statute of limitations under section650t(a) for any trust described In section 401(a) that is exempt from tax under

section 501(a).b, File as an attachment to Form 5500 or 5500-EZ.

Official Use Only

OMB NO, 1210-0110

2005

This Form is Open toPublic Inspection.

For trust calendar year 2005 or fiscal year beginn!n.g

la Name of trustee or custodian

MELLON TRUST OF NEW ENGLAND

01/01/2005, and ending 12/31/2005

b Number, street, and room or suite no. (If a P,O, box, see the instructions for Form 5500 or 5500-EZ.)

135 SANTILLI HIGHWAY

C City or town, state, and ZIP code

EVERETT MA 02149-1950

2a Name of trustQWEST PENSION TRUST

b Trust’s emplo~e[ identification number 84-0928963

3 Name of plan if different from name of trust

4 Have you furnished the participating employee benefit plan(s) with the trust financial information requiredto be reported by the plan(s)? ......................................................................... ~ Yes ~] No

5 Enter the plan sponsor’s employer identification number as shown on Form 5500

or 5500-EZ .................................................................. Ib 84-1339282

Under penalties of perjury, I declare that I have examined this schedule, and to the best of my knowledge and belief it is true, correct, and complete.

Signature of.~ ~ ..~ ,~7/~ ,~/~)4

/

For Paperwork Reduction Act Notice and OMB Control Numbers,

see the instructions for Form 5500 or 5500-EZ.

v8.2 Schedule P (Form 5500) 2005

L_

2 6 0 5 5 4 0 1 0 N

I IIIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII HI II IIii_J

SCHEDULE R(Form 5500)



Administration


............ ........ )

Retirement Plan InformationThis schedule is required to be filed under sections 104 and 4065 of the

Employee Retirement Security Act of 1974 (ERISA) and section 6058(a) of theInternal Revenue Code (the Code).

D~ File as an Attachment to Form 5500.

LOfficial Use Only

OMB No. 1210-0110


Public Inspection.

and ending,,For calendar year 2005 or fiscal plan year ,beginning

A Name of plan B Three-digit

QWEST PENSION PLAN plan number II~ 005

C Plan sponsor’s name as shown on line 2a of Form 5500 D EmPloyer Identification Number

QWESTCOMMUNICATIONS INTERNATIONAL 84-1339282

l)i)~ii!~i!:i DistributionsAll references to distributions relate only to payments of benefits during the plan year.

1 Total value of distributions paid in property other than in cash or the forms of property specified

in the instructions .................................................................................................................................

2 Enter the FIN(s) of payor(s) who paid benefits on behalf of the plan to participants or beneficiaries

during the year (if more than two, enter FINs of the two payors who paid the greatest dollar amounts

of benefits). 04 -- 35 81074Profit-sharing plans, ESOPs, and stock bonus plans, skip line 3.

3 Number of participants (living or deceased) whose benefits were distributed in a single sum, during

the plan year . 3j 3 7 9 8

~ Funding Information (if the plan is not subject to the minimum funding requirements of section 412 of the Internal Revenue

Code or ERISA section 302, skip this_Part)

4 Is the plan administrator making an election under Code section 412(c)(8) or ERISA section 302(c)(8)? ..................... U Yes ~Xl No U N/A

If the plan is a defined benefit plan, go to line 7.

5 If a waiver of the minimum funding standard for a prior year is being amortized in this

plan year, see instructions, and enter the date of the ruling letter granting the waiver ........................ Im Month __ Day __ Year__

If you completed line 5, complete lines 3, 9, and 10 of Schedule B and do not complete the remainder of this schedule.

6 a Enter the minimum required contribution for this plan year ..................................................................... 6a _,%b Enter the amount contributed by the employer to the plan for this plan year ............................................. 6b $C Subtract the amount in line 6b from the amount in line 6a. Enter the result (enter a minus sign to the ]eft

of a negative amount) ........................................................................................................................... 6C $

If you completed line 6c, skip lines 7 and 8 and complete line 9.

If a change in actuarial cost method was made for this plan year pursuant to a revenue procedure providing automatic7a~prova, for the change or a class ruling letter,does the plan sponsor or plan adm n,s, trator agree with the change?, ,[,-], ,,Y,2s

f)i:ii~il]|iiil)t_ Ame nd me nt s8 If this is a defined benefit pension p]an, were any amendments adopted during this plan year that

increased or decreased the value of benefits? If yes, check the appropriate box(es). If no, check the

"No" box. (See instructions.) ............................................................................................................... [-] Increase I~ Decrease ~ No

Coverage (See instructions.)

9 Check the box for the test this plan used to satisfy the coverage requirements ............ "’IXl the ratio percentage test I’l averagebenefit test

For Paperwork Reduction Act Notice and OMB Control Numbers, see the instructions for Form 5500. v8.2 Schedule R (Form 5500) 2005

~)~:,’4,I~iI~ir~R;~;,;,’.tA~.:i.l~ .:[.1~¢.~,:~ ~I~l:~:,I~ .,I.l;i.:I-I~I.l~l.:I-i~E:~l::~ BI III,’, ~ :’ l:’ :’ :’ l’ ,’, -~:’ :’’ :’ ’ ’+ ,’, ,’ , ,’ ,’ ,’ ,’,, ,-~,’-~, ,’ l,’ ’ 1,’,, ~ ~ ,, ,, ~,, ,, ,, ~ ~ ~ _’4~ ,, ,, %,, ~ i~ ,

2 2 0 5 5 7 0 1 0 M

, IIIIIIIIIIIIIIIIIIIII]IIIIIHIIIIIIIIIIIIIIIIIIIIIII111

QWEST COMMUNICATIONS IN[ ~)NATIONAL INC. 84-1339282

SCHEDULE CLINE 2G

NATURE OF SERVICEQWEST PENSION PLAN

STATEMENT 1PLAN NUMBER 005

NAME

EINDESCRIPTION

HSBC PRIVATE EQUITY FUNDLP980152953LIMITED PARTNERSHIP FEES

NAME

EINDESCRIPTION

GS PRIVATE EQTY PTNRS1999 MGR FD134068956LIMITED PARTNERSHIP FEES

NAMEEINDESCRIPTION

PEGASUS PARTNERS III LP010682088LIMITED PARTNERSHIP FEES

NAME

EINDESCRIPTION

CARLYLE/RIVERSTONE GLOBALENERGY203716055LIMITED PARTNERSHIP FEES

NAME

EINDESCRIPTION

GS PRIVATE EQTY PTNRS2000522258431LIMITED PARTNERSHIP FEES

NAME

EINDESCRIPTION

NORTH CASTLE PARTNERSIIiLP061538785LIMITED PARTNERSHIP FEES

STATEMENT(S) i

.......... ) ....... )Application for Extension of Time

To File Certain Employee Plan ReturnsI~ For Paperwork Reduetbn Act Notice, see instru;tlons. t OMB No. 154.’5-O212

File With IR8 Only

FiTe befon~ thehorrna[ duedate of the~~rrn 5coo,550o-EZ, or5330 (se~Insttuctimns}

Name of filer, plan administrator, or plan sponsor (see instructions)QWEST COMMUNICATIONS INTERNATIONAL

INC.

Number, street, and room or suite no_ {If a P,0. box, see instructions.)1801 CALIFORNIA STREETCity or town, state, and ZIP codeDENVER, CO 80202

Flter’s Identifying Number- Check applicable box andenter number (see instructions).

Employer identification number (EIN). Filerscl~ecklng box la must enter an EIN. All otherfliers, see Specific Instructions,~- 84-1339282

[~] See-tel secufit.] number (see Specific Inst~ctions)OR

1 I request an extension of time until __ 1 0 / 1 6 / 2 0 0 6 to file (check appropriate box(es))_a [~ Form 5500 or 5500-EZ (no more than 2 1/’2 months).

The application is automatIcally approved to the date shown on line 1 (above) if: (1) box la is checked, (2) the Form 5558 is signed and filed on or before thenormal due date of Form 5500 or 5500-EZ for which this exteesion is requested, and (3) the.date on line 1 is no more than 2 1/2 months after the normaldue date,

YOU must attach a copy of this Form 5558 to each Form 5500 end 5500-EZ filed after the duo date for the plans listed below.b r~] Form 5330 (no more than 8 months). Enter Code section(s) imposing the tax . Payment amount

attached is $ (see Instructions).~]Jowlng for the p!an(s)covered by this app/ication (see inst~ctions):

~ing,

QWEST EXECUT

rl~le name/ilia[Pension Welfare Fringe number .Month D~ Year

S AND INVESTMENT PLAN X 004 12 31 O5IVE LIFE INSURANCE PLAN X 516 12 31 O55l PLAN X 005 12 31 05

~WEST SAVINGS

QWEST PENSION

3a Stateindetailwhyyouneedtheextension(ifIinalbischecked)

b For excise taxes under section 4980 or 4980F of the Code, enter the reversion/amendment date.

Under penalties of perjury, I declare that to the best of my knowledge and belief the statements made on this form a re true, correct, and complete, and thatI am authorized to prepar~e this application.

Notice to TO Be ~ompleted by,be IRS ~’lln[lb is checked Y ’ ’Applicant ~ This application for extension to fife Form 5330 IS approved to the date shown on line 1, if line 1 b is checked. (You must attach an approved copy

ol this form to each Form 5330 that was granted an extension.)[~] The date entered 0n line 1 is mere than the 6-month maximum time allowed for Form 5330. This application is approved to

To Be (You must attach an approved COpy of thls form to each Form 5330 that wasCompleted granted an extension,)by the IRS _r-~ The application for an extension for Form 5330 is not approved, because it was filed after the normal due date of the return. (A 10-day graceif Line lb period is not granted.)

is Checked [~ This application for an extension for Form 5330 is not approved, because[---] The application was not signed.[---J No reason was given on tills application or the reason was not acceptable.E~] No payment was attached for the tax due on Form 5330.

Other ~"A 10-day grace p&i~ ~s gr~.t;dT~or~ the dat; shown below or the due date of the return, whichever is later.(You must attach a copy of this form to each return you file that Is granted a grace period.)

By:

(Date) (Dimo0

Applicants for extension of Form 5330: Complete if you want this Form 5558 returned to an address other than the address shown above.

Please ]Print

]

Name

Number, street, and room or Suite no. (If a P.O. box, see instructions.)

City or town, state, and ZiP cede

Q we st~ ....... ""Spirit o! Service"

QWEST PENSION PLAN

FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES

December 31, 2005 and 2004

(with Independent Auditors’ Report Thereon)

BROCK AND COMPANY CPAS PC

QWEST PENSION PLANTABLE OF CONTENTS

Paqe(s)

Independent Auditors’ Report ..........................................................................2

Financial Statements:

Statements of Net Assets Available for Benefits -December 31, 2005 and 2004 ..............................................................3

Statements of Changes in Net Assets Available for Benefits -Years Ended December 31,2005 and 2004 ................i .......................4

Notes to Financial Statements ...................................................................5-17

Supplemental Schedules:

Schedule H - Line 4i: Schedule of Assets (Held at End of Year) -December 31, 2005 .......................................................................Tab 1

Schedule H - Line 4j: Schedule of Reportable Transactions -Year Ended December 31,2005 ...................................................Tab 2

B R() ( 7~ KCertified Public Accountants

C AN I) Business Advisors

26 West Dry Creek Ch’cle Suite 710 Littleton Colorado 801120(303) 794-5661 (303) 794-4501 Fax

www.brockcpas.com

,~,,,~ Accountants Global Network

INDEPENDENT AUDITORS’ REPORT

To the Plan Administrator of theQwest Pension Plan:

We were engaged to audit the financial statements and supplemental schedules of theQwest Pension Plan (the "Plan") as of December 31, 2005 and 2004, and for the yearsthen ended, as listed in the accompanying table of contents. These financial statementsand supplemental schedules are the responsibility of the Plan’s management

As permitted by 29 CFR 2520.103-8 of the Department of Labor’s Rules andRegulations for Reporting and Disclosure under the Employee Retirement IncomeSecurity Act of 1974, the plan administrator instructed us not to perform, and we did notperform, any auditing procedures with respect to the information summarized in Note 6,which was certified by Mellon Trust of New England, N.A., the trustee of the Plan,except for comparing such information with the related information included in thefinancial statements and supplemental schedules. We have been informed by the planadministrator that the trustee holds the Plan’s investment assets and executesinvestment transactions. The plan administrator has obtained a certification from thetrustee as of December 31, 2005 and 2004, and for the years then ended, that theinformation provided to the plan administrator by the trustee is complete and accurate.

Because of the significance of the information that we did not audit, we are unable to,and do not, express an opinion on the accompanying financial statements andsupplemental schedules taken as a whole. The form and content of the informationincluded in the financial statements and supplemental schedules, other than thatderived, from the information certified by the trustee, have been audited by us inaccordance with auditing standards generally accepted in the United States of Americaand, in our opinion, are presented in compliance with the Department of Labor’s Rulesand Regulations for Reporting and Disclosure under the Employee Retirement IncomeSecurity Act of 1974.

’ ’ Public Accour~antJ

Littleton, Colorado,September 28, 2006.

2

B(.)U LIgER FORT COI ,L,INS LITTLE’FON LONGMONT N (_)I,?,TI--IG LENN

QWEST PENSION PLANSTATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

December 31,

ASSETS 2005 2004(in thousands)

Investments at fair value (Note 2):Bonds and notes:

U.S. GovernmentMortgages and other corporate

Interest bearing cashCommon/collective trustsCommon stocksPlan’s investments in the Master Trust (Note 4)Partnership/joint venture interestsPooled separate accounts103-12 investment entitiesRegistered investment companiesForeign debt and other investments

$ 433,458 $ 490,767775,452 740,231

38,663 51,2871,044,106 794,3662,849,712 3,326,446

120,742 177,4641,114,357 1,225,307

367,499 319,408938,902 446,088323,896 312,687

1,406,832 1,330,644

Total investments 9,413,619 9,214,695

Non interest bearing cash and accrued incomeReceivable for securities sold

27,750 26,7563,229 21,417

Total assets 9,444,598 9,262,868

LIABILITIES

Payable for securities purchasedOther liabilities

(26,759) (27,190)(12,126) (25,463)

Total liabilities (38,8~ (52,653)

Net assets available for benefits $ 9,405,713 $ 9,210,215

The accompanying notes are an integral part of these financial statements.

3

QWEST PENSION PLANSTATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

For the Years EndedDecember 31,

Additions to (deductions from) net assets attributed to:

Investment income:InterestDividendsOther

Total investment income

Net appreciation/(depreciation) in fair value of investments:Bonds and notesCommon/collective trustsCommon stocksPlan’s share of the income, expenses, andnet appreciation in fair valueof investments of the Master TrustPartnership/joint venture interestsPooled separate accounts103-12 investment entitiesRegistered investment companiesForeign debt and other investments

Net appreciation in fair value of investments

$

2005 2004(in thousands)

95,040 $ 111,19290,536 97,93390,606 60,750

276,182 269,875

(15,979) 4,31574,038 77,227

201,263 410,188

13,116 31,004211,037 183,754

3,782 15,36059,181 38,34366,733 39,201

221,332 71,145

834,503 870,537

Transfers to (from) other plans:Other, net (Note 3)

Pension and death benefits paid

Plan expenses

............ (1,940)

..... (859,610) (929,769)

(55,..577) (58,146)

Net increase in net assetsavailable for benefits

Net assets available for benefits,beginning of year

195,498 150,557

9,210,215 9,059,658

Net assets available for benefits,end of year $ 9,405.713 ~ ..........9,210,215

The accompanying notes are an integral part of these financial statements.

4

QWEST PENSION PLANNOTES TO FINANCIAL STATEMENTS

PLAN DESCRIPTION

The following is a brief description of the Qwest Pension Plan (the "Plan") andprovides general information only. Participants and all others should refer to thePlan document for a more complete description of the Plan’s provisions.

General

The Plan is a non-contributory defined benefit plan that covers substantially alleligible employees of the Company. For management and occupational (union orcollectively bargained for) employees, 100% vesting of employee pensionbenefits occurs after five years of service except for the participants in theAccount Balance Formula, as defined, who are immediately vested.

The Plan is subject to the regulations and requirements of the EmployeeRetirement Income Security Act of 1974, as amended ("ERISA"). In the regularcourse of doing business, the Plan is subject to review by various governmentalagencies such as the Department of Labor ("DOL") and Internal RevenueService ("IRS").

Eligibility

All employees of the Company except non-resident aliens employed outside ofthe United States and occupational employees of El Paso Telephone Companyare eligible to participate in the Plan upon meeting the eligibility requirements, asdefined.

Benefits for Occupational Employees

For most occupational employees, pension benefits are based on a flat dollarformula per year of service in which each job title has been assigned an amount("pension band"). The benefits that are provided under the terms of the officialplan document to occupational employees are subject to the collectivebargaining agreements negotiated by the unions and the participatingcompanies.

Benefits for Management Employees

For management participants, the Plan provides two formulas based on finalaverage compensation and service, as well as a cash balance program.Participants in the final average compensation and service based formulasinclude management participants that reached 20 years of service by December31,2000 or who became service pension eligible by December 31, 2003. Thecash balance program covers management participants hired after December31,2000 and management employees who did not have 20 years of service byDecember 31, 2000 or who became service pension eligible by

5


PLAN DESCRIPTION (continued):

Benefits for Management Employees, continued:

December 31, 2003. Benefits under the cash balance formula are based on 3%of eligible pay plus an interest credit. The interest credit an employee’s cashbalance plan account earns in a given year is based upon the average 30 yearTreasury interest rate in effect during August-December of the prior year and theemployee’s account balance at the beginning of the year.

Contributions, Actuarial Method, and Funding Status

Contributions to the Plan are determined on an on-going basis by an actuarialcost method known as the "aggregate cost method." Under this method, a leveldollar amount is applied to the number of active employees with the participatingcompanies such that accumulated net assets of the Plan (including futureinvestment earnings and contributions as estimated by the enrolled actuary)should be sufficient to pay all future benefits for current and former employeesand their beneficiaries at the time those benefits become payable.

The normal cost is determined in the same method for both Occupational andManagement employees. Typically, for a plan where the benefit is based onsalary (such as the Management plan), the normal cost is calculated as apercentage of salary. However, for the Qwest Pension Plan as a whole, there isa mixture of salary-based benefits and benefits not based on salary. Themajority of the liability for active participants is due to the Occupational group(the benefit is not based on salary) and the normal cost is calculated asdescribed above.

The Plan was fully funded as of January 1, 2005 and 2004. The minimumfunding requirements of ERISA have been met. No contributions were required,nor permitted for tax purposes, for the Plan years ended December 31,2005 and2004.

Administrative Expenses

Trustee fees, investment management fees and certain other expenses are paidby the Plan. Such expenses were $55.6 million and $58.1 million for the yearsended December 31, 2005 and 2004, respectively.

6


1SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Investment Valuation and Income Recognition:

Investments are valued at fair value, which is generally based upon quotedmarket prices. Investments in securities traded on a national exchange arevalued at the last reported sales price on the last business day of the year, or, ifno sale was reported on that date, at the mean between the last reported bid andask prices. Over-the-counter securities and government obligations are valuedat the bid price or the average of the bid and ask prices on the last business dayof the year from published sources where available, or, if not available, fromother sources considered reliable. Pooled funds are valued at amountsdetermined from the published annual reports of the funds.

Investments in non-publicly traded real estate are valued at amounts based uponappraisal reports prepared by independent real estate appraisers, no lessfrequently than annually. If an appraisal is not available, they may be valued atcost or other fair value obtained by the trustee. Investments in real estatepooled funds are stated at the aggregate net asset value of the units of thesefunds. Mortgages are stated at the present value of principal and interestpayments due. Investments in restricted securities, partnership/joint ventureinterests and other security investments not having an established market arevalued at fair values as obtained by the trustee.

Investments in private equity partnerships are valued according to the valuationpolicy of the General Partner in each partnership. Those policies tend to valueinvestments in public companies at the market price less a discount, asdetermined by the General Partner, to reflect illiquidity resulting from the size andnature of the investment and the rights and restrictions that pertain to theinvestment. Investments in private companies are typically valued at cost unlessthere has been a subsequent financing event involving an independent thirdparty participant, in which case the valuation may be adjusted to reflect thesubsequent event. Additionally, the policies may value a company at less thancost if, in the General Partner’s discretion, there has been a permanentimpairment of value. The resulting estimated fair values do not necessarilyrepresent amounts which might be realized. Because of the inherent uncertaintyof valuation, those estimated values may differ significantly from the values thatwould have been used had a ready market for the investment existed and thedifferences could be material.

The net asset value of private investments does not include additionalcommitments for investable capital which are generally drawn over an averageinvestment period of three to five years. Additional capital commitments wereapproximately $838 million on December 31, 2005 and $580 million onDecember 31, 2004.

7


.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued):

Investment Valuation and Income Recognition, continued:

Purchases and sales of securities are recorded on a trade date basis. Interestincome is recorded as earned on an accrual basis. Dividend income is recordedon the ex-dividend date.

Net realized and unrealized gains and losses are presented in the accompanyingstatements of changes in net assets available for benefits as net appreciation infair value of investments and are determined based on the difference betweenfair value at the beginning of the year (or date purchased during the year) andselling price or year end fair value.

There were no individual investments that represented 5% or more of the netPlan assets as of December 31, 2005.

The following investment exceeded 5% of net assets available for benefits as ofDecember 31, 2004:

Security DescriptionBridgewater Global RealReturn Fund II

Unit/Shares162,787,627

(inthousands)Fair Value$470,505

Derivatives

Outstanding derivative instruments include instruments such as forward foreignexchange contracts, interest rate futures, U.S. equity index futures, internationalstock index futures, swaps and options. All derivatives are recorded in theaccompanying statements of net assets available for benefits as of December 31,2005 and 2004 at fair value with any gains or losses recognized as netappreciation or depreciation in fair value of investments in the accompanyingstatements of changes in net assets available for benefits.

As part of its investment strategy to manage foreign exchange risk, the Planenters into forward foreign exchange contracts. Generally, the objective of usingforward foreign exchange contracts is to enable the Plan to invest in foreign debtor equity markets while reducing foreign exchange risk. The Plan settles thesecontracts at the net of contract price and fair value.

In general, the Plan utilizes stock and bond futures currency forwards, swaps andoptions to implement strategic and tactical asset allocation decisions, to syntheticallycreate bond and stock positions while minimizing transaction costs and to adjustbond duration positions. Futures contracts are settled on a daily basis ("marked tomarket") using funds set aside in separate margin accounts. Gains and losses onthe contracts are recorded daily.

8


.

3~

1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued):

Derivatives, continued:

The notional amounts of the derivative contracts do not represent cash exchangedbetween the parties. Amounts exchanged are calculated based upon the change inthe fair value of the derivative instrument that occurs due to fluctuations in interestrates, exchange rates, security prices or other factors.

Basis of Accounting and Use of Estimates and Assumptions:

The financial statements of the Plan have been prepared on the accrual basis ofaccounting. The preparation of the Plan’s financial statements in conformity withaccounting principles generally accepted in the United States of Americarequires the Plan administrator to make significant estimates and assumptionsthat affect the accompanying financial statements and disclosures. Actualresults could differ from these estimates and assumptions.

Benefit Payments

Benefits are recorded when paid.

TRANSFERS TO/FROM OTHER PENSION PLANS

Mandatory Portability Agreement

As provided under the Mandatory Portability Agreement and the Plan, eligiblecovered employees transferring between the Company and other regionalholding companies such as AT&T Corp. and Telcordia Technologies, Inc.(formerly Bell Communications Research, Inc.) may also transfer their pensionbenefits and the related assets to provide those benefits. The net amount of thetransfers is shown in the accompanying statements of changes in net assetsavailable for benefits as "Other, Net."

MASTER TRUST ALLOCATION

The Qwest DB/DC Master Trust ("MT") is a unitized trust that was established forthe benefit of the Pension Plan and the Qwest Savings and Investment Plan("QSIP"). The trustee is Mellon Trust of New England, N.A. The underlyinginvestment by the Pension Plan is reflected in the Plan’s Statements of NetAssets Available for Benefits as of December 31, 2005 and 2004.


=MASTER TRUST ALLOCATION (continued):

A summary of net assets of the MT as of December 31, 2005 and 2004 is asfollows:

(in thousands)

Investments, at fair value:Common collective trustsCorporate stocksOther investments

$

2005 2004

(Unaudited)18,071 $ 44,446

463,198 364,0471,391 180

Total investments 482,660 408,673

Interest and dividends receivableNet pending security trades payableAdministrative expenses payable

718 279(904) (1,593)

,, (742) (364)

Net assets of the MT $ 481,732 $ 406,995

The allocation of net assets of the MT to participating plans as of December 31,2005 and 2004 is as follows:

(Unaudited)2005 2004

(in thousands) (in thousands)Amount Percent Amount Percent

Qwest Pension PlanQwest Savings &

Investment Plan

120,742 25.06% $ 177,464 43.60%

360,990 74.94% 229,531 56.40%

Total $481,732 100.0% $ 406,995 100.00%

10


=MASTER TRUST ALLOCATION ,(continued):

The MT’s net investment results and administrative expenses are allocated tothe participating plans for the years ended December 31, 2005 and 2004 basedon each plan’s relative share of the fair value of net assets of the MT at eachallocation date as follows:

Net Investment income:Net appreciation in fairvalue of investments

Interest and dividends

(in thousands)2005 2004

(Unaudited)

$ 41,704 $ 62,3886,519 3,895

Net investment gain

Administrative expenses

48,223 66,283

(2,479) (1,214)

Net amounts allocated $ 45,744 $ 65,069

The net appreciation in the fair value of investments in the MT by majorinvestment category for the years ended December 31, 2005 and 2004 is asfollows:

Common collective trustsOther investmentsCorporate stocks

(inthousands)2005

(Unaudited)(1,939) $

2,60741,036

2004

9,841

52,547

Net appreciation (depreciation) $ 41.704 $ 62,388

5. ACTUARIAL PRESENT VALUE OF ACCUMULATED BENEFITS

The actuarial present value of accumulated plan benefits is the present value ofthose future periodic payments, including lump sum distributions that areattributable under the Plan’s provisions to the service which employees haverendered to the Company. Accumulated plan benefits include benefits expectedto be paid to: a) retired or terminated employees or their beneficiaries, b)beneficiaries of employees who have died, and c) present employees or theirbeneficiaries. The accumulated plan benefits for active employees are based oncensus data and plan provisions in effect as of January 1, 2005 and 2004.Benefits payable upon retirement, death or disability are included to the extent

11


5. ACTUARIAL PRESENT VALUE OF ACCUMULATED BENEFITS (continued):

they are deemed attributable to employee service rendered through the valuationdate.

The January 1, 2004 assumptions used to calculate the actuarial present valueof accumulated plan benefits include: a) 8% discount rate, b) no cost of livingadjustment, c) UP-94 Mortality table projected to 2004 with separate rates formales and females, and d) sample percentage of employees retiring during theyear of 3% at age 50, 9% at age 55, 23% at age 60, 35% at age 65 and 100% atage 70 (there are separate rates for each age from age 50 to 70.)

The same plan provisions and actuarial assumptions were used as of January 1,2005 that was used in 2004 with two exceptions. The current liability interestassumption was changed from 6.55% to 6.10%. The percentage of retireesassumed to receive the February 28, 1993 Frozen Death Benefit was changedfrom 100% to utilizing a percentage married table.

The following table presents the components of the Plan’s benefit obligations asof January 1, 2005 and 2004.

Actuarial Present Value of AccumulatedPlan Benefits:


Vested benefits:Participants currently receivingpayments

Other participants

Nonvested benefits

$ 1,814,570 $ 2,035,3704,938,131 5,046,824

610,153 484,877

Total Actuarial Present Value ofAccumulated Plan Benefits 7,362,854 $ 7.567,071

12


5. ACTUARIAL PRESENT VALUE OF ACCUMULATED BENEFITS (continued):

The following table presents the changes in accumulated plan benefit obligationsfor the year ended January 1, 2005.

(in thousands)

Actuarial Present Value of Accumulated PlanBenefits at January 1, 2004 $ 7,567,071

Increase (decrease) during the year due to:

Benefits accumulatedIncrease for interest due to decrease

in discount periodBenefits paidChange in assumptionsChange in plan provisionsActuarial loss and other

160,501

579,951(956,377)(196,677)

208,385

Net decrease (204,217)

Actuarial Present Value of Accumulated PlanBenefits at January 1,2005 $ 7,362,854

Contributions to the Plan and the actuarial present value of accumulated planbenefits are reported based on certain assumptions pertaining to interest rates,inflation rates, employee compensation and demographics. Due to the changingnature of these assumptions, it is at least reasonably possible that changes inthese assumptions will occur in the near term and, due to the uncertaintiesinherent in setting assumptions, that the effect of such changes could be materialto the financial statements.

13


=SUMMARY OF INFORMATION CERTIFIED BY THE TRUSTEE

The Plan administrator has elected the method of annual reporting compliancepermitted by 29 CFR 2520.103-8 of the DOL’s Rules and Regulations forReporting and Disclosure under ERISA. Accordingly, Mellon Trust, knownlegally as Mellon Trust of New England, N.A., the trustee, has certified that thefollowing information included in the accompanying financial statements andsupplemental schedules is complete and accurate:

Statements of Net Assets Available for Benefits:

¯ All assets° Payables for securities purchased¯ Certain investment related amounts in other liabilities

Statements of Changes in Net Assets Available for Plan Benefits:

¯ Investment income° Net appreciation/depreciation in fair value of investments

Notes to Financial Statements

The shares and fair value of investments that exceed 5% of net assetsavailable for benefits as of December 31, 2004 as shown in Note 2

° The shares and fair value of Qwest securities as of December 31, 2005 and2004 as shown in Note 11

° Master Trust information in Note 4

Supplemental Schedules:

° Tab 1 - Schedule H - Line 4i: Schedule of Assets (Held at End of Year) as ofDecember 31, 2005

° Tab 2 - Schedule H - Line 4j: Schedule of Reportable Transactions for theyear ended December 31,2005

The Plan’s independent auditors did not perform auditing procedures withrespect to the above information, except for comparing such information to therelated information included in the financial statements and supplementalschedules.

14


.

=

TAX STATUS

The Plan obtained its latest determination letter on December 23, 1999, in whichthe IRS stated that the Plan met the requirements of Section 401 (a) of the IRCand was exempt from federal income taxes under Section 501 (a) of the IRC. Anew determination letter was requested June 30, 2000 and is pending with theIRS. The plan administrator believes the Plan is designed and currently beingoperated in accordance with applicable requirements of the IRC. Therefore, theplan administrator believes that the Plan was qualified and the Trust was taxexempt as of December 31, 2005 and 2004.

RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

The following is a reconciliation of net assets available for benefits and benefitspaid to participants as reflected in the financial statements to Form 5500 for theyears ended December 31, 2005 and 2004:

Net assets available for benefits asreflected in the financial statements $

Less amounts allocated to withdrawingparticipants at December 31,2005 and 2004 ........

Net assets available for benefitsPer Form 5500 (unaudited) $


9,405,713 $ 9,210,215

(57,373) (76,700)

9,348,340 $ 9,133,515

The following is a reconciliation of benefits paid as reflected in the financialstatements to the Form 5500 for the years ended December 31,2005 and 2004:

Benefits and distributions paid to participantsas reflected in the financial statements $

Add amounts allocated to withdrawingparticipants at December 31, 2005 and 2004

Less amounts allocated to withdrawingparticipants at December 31,2004 and 2003

Participant distributions paid per Form 5500(unaudited) $


859,610 $ 929,769

57,373 76,700

(76,700) (50,092)

840,283 $ 956.377

The amounts currently payable to or for participants, dependents, andbeneficiaries are recorded on the Form 5500 for the benefit claims that havebeen processed and approved for payment prior to December 31, but not yetpaid as of that date. In accordance with accounting principles generallyaccepted in the United States of America, benefits are recorded in the financialstatements when paid.

15


=

10,

TERMINATION PRIORITIES

The Company has no current intention to terminate the plan; however, in theevent that the Plan is terminated, it will be subject to the conditions set forth inERISA and the Plan document. Termination priorities are as follows:

a) the Plan provides that the net assets available for benefits shall beallocated among participants and beneficiaries of the Plan in the orderprovided for in ERISA;

b) to the extent unfunded vested benefits then exist, ERISA provides thatsuch benefits are payable by the Pension Benefit Guaranty Corporation("PBGC") to participants, up to specified limitations, as described inERISA, and;

c) to the extent that the net assets available for benefits exceed the amountsto be allocated pursuant to the priorities provided for in ERISA, suchamounts will be allocated among participants pursuant to the priorities setforth in the Plan;

d) Certain benefits under the Plan are insured by the PBGC if the Planterminates. Generally, the PBGC guarantees most vested normal ageretirement benefits, early retirement benefits, and certain disability andsurvivor’s pensions. However, the PBGC does not guarantee all types ofbenefits under the Plan, and the amount of benefit protection is subject tocertain limitations. Vested benefits under the Plan are guaranteed at thelevel in effect on the date of the Plan’s termination. However, there is astatutory ceiling, which is adjusted periodically, on the amount of anindividual’s monthly benefit that the PBGC guarantees.

Additional information regarding these priorities is available from the planadministrator.

RISKS AND UNCERTAINTIES

The Plan’s assets include various types of investments. Investments, in general,are exposed to various risks, such as significant world events, interest rate,credit, currency and overall market volatility risk. Due to the level of riskassociated with certain investment securities, changes in the valuation couldoccur in the near term and such changes could materially affect the amountsreported in the statements of net assets available for benefits and the fundedstatus of the Plan.

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10.

11.

RISKS AND UNCERTAINTIES (continued):

In 2001, the DOL commenced an examination of the Plan. By letter, dated April7, 2005, the Plan Administrator was notified by the DOL that it had concluded itsinvestigation of the Plan. There was not a material impact on the Plan.

In April 2002, the IRS also commenced an examination of the Plan which is stillin process. However, the Plan Sponsor currently believes that there will not be amaterial adverse impact to the Plan’s net assets or changes in net assets as aresult of the examination.

PARTY IN INTEREST TRANSACTIONS

Certain Plan investment transactions may constitute party-in-interesttransactions which are exempt under the DOL’s prohibited transaction rules.

As of December 31, 2005, the Plan held 116 thousand shares of Qwest commonstock with a fair value of $656 thousand. The value of Qwest debt held by thePlan was $1.9 million.

As of December 31,2004, the Plan held 2.2 million shares of Qwest commonstock with a fair value of $9.9 million. The value of Qwest debt held by the Planwas $2.2 million.

The Plan Sponsor receives a reimbursement of certain qualifying expenses fromPlan assets. In 2005 and 2004, reimbursable expenses for investment relatedand administrative services of $3.9 million and $2.2 million, respectively, werecharged to the Plan.

17

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