Form or Section 4947(a)(1) Nonexempt Charitable Trust990s.foundationcenter.org/990pf_pdf_archive/953/... · 2017-06-21 · 990-PF Return of Private Foundation OMB NO ISqS-0O52 Form

990-PF Return of Private Foundation OMB NO ISqS-0O52 Form or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation '0o

Department or n. Treawry Note The organization may be able to use a copy of this return to satisfy slate im,m,i Revenue service reporting reqmremenfs Forcalender eer2002,ortex ear be inmn 4/01 ,2002, and endin 3/31 ,2003 G Check all that a I Initial reNrn Final return Amended return Address change Name Change Use the A Employer Identification number

IRS label THE GWENDOLYN SEXTON FOUNDATION 95-3783371 OthOrwlse, 260 MAPLE COURT #230 B Telephone number (seeinswceons) print ortype VENTURA, CA 93003 805 658-1525

See Specific C If exemption application is pending, check here ~ I I Instructions D 1 Foreign organizations, check here H Check type of organization X Section 501(c)(3 exempt private foundation 2Fareiqn organizations meeting the BS% test, check

Section 4947 a 1 nonexem t charitable Uust Other taxable private foundation here and attach computation air mar et va ue o a assets a en o f year J Accounting method X Cash Accrual E If private foundation status was terminated r n i i u i u (from Part 11, column e, line 16) under section 507(b)(1)(A), check here

Other (specify) F If the foundation is in a 60 month termination ~ $ 11,597, 986 Part I column d must be on cash basis under section 507(6)(1)(8), check here

art Analysis of Revenue and (e) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements Expenses (The total of amounts in expenses per books income income for charitable columns b c and d may not neces purposes sarily equal the amounts in column a ) (cash basis only) (see instructions)

Contributions gift, grants etc received (alt srh)

Ck - Flif lie found .s riot rep m alt Sdi B

2 Distributions from split interest trusts 3 Interest on sarongs and temporary

cash investments 17 397 17 , 397 N/A 4 Dividends and interest from securities 351 995 . 351 995 Sa Gross rents b (Not rental

i ncome or (loss) )

6 E Net oainMossl from role of asseh not on line 10 -1 4 i R F E MA2 b Gross sales prices for all 1 , 746 , 312 . assets on line 6a

v 7 Capital gain net income (from Part IV line 2) Q E 8 Net short term capital gain

9 Income modifications U 10 a loss sales less

returns and allowances

~

RE ENED ch) I ~1 Othb iW61 L h chedle) JUN 2

M F6rv12 Total Add tines rou h 11 225,476 369,342 p

=0P n ~ iceR directors trustees alc 61, 400 30, 700 e! atones dwaqes ns, employee benefits

~--~ -r°r 16aLegalfees (atUchschedule) SEE $T 2 1 , 062 1 1 062 . J N b Accounting fees (attach sch) SEE $T 3 1,500 1 , 500

1 c Other prat fires (attach sch) SEE ST 4 33 413 33 413 . p 17 Interest q 18 Tares (attach schedule) SEE STMT 5 38 , 458 38 , 458 UJI T 19 Depreciation (attach schedule) and depletion

x ~ 20 Occupancy E 21 Travel, conferences, and meetings

22 Printing and publications o p 23 Other expenses (attach schedule)

,E, SEE STATEMENT 6 4 , 087 . 4 , 087 . 5 24 Total operating and administrative 5 expenses Add lines 13 through 23 139, 920 . 109,220 30,700

25 Contributions, grits, grants paid PART XV 640 , 000 640 000 . 26 Total expenses and disbursements

Add lines 24 and 25 779, 920 . 109, 220 . 670,700 27 Subtract line 26 from line 12

a Excess of revenue over expenses and disbursements I 559 ,449 .

b Net invo0nmt income (I nepawe, enter -0) r 260,122

TEEA0503L 10271102 see

\q

95-3783371 Page 2 Beginning o1 year End of year (a) Book Value (b) Book Value (c) Fair Market Value

1 544 205 660,130 660 130 .

5 , 500 . 23 , 633 23 633

5,381,119 . 5,578,055 . 5,734,708 . 9,794 092 4,908,659 . 3,929 515 .

1,250 000 1,250,000 1,250,000 .

THE GWENDOLYN SEXTON FOUNDATION

17 Accounts payable and accrued expenses 18 Grants payable A 19 Deferred revenue 20 Loans from officers, directors, trustees, 8 other disqualified persons L

I pl Mortgages and other notes payable (attach schedule) j 22 Other liabilities (describe ~ )

12,979,916 -554,444 .

12,420,472 .

12,420,472 . Form 990-PF (2002)

Organizations that follow SFAS 177, check here end complete lines 24 through 26 and lines 30 and 31

N F pq Unrestricted E U T N 25 Temporarily restricted D 26 Permanently restricted

Organizations that do not follow SFAS 117, check here ~ X S A and complete lines 27 through 31 E L T A 27 Cap ital stock, trust princip al, or current funds 12 , 974 , 916 . 12 , 420 , 472 S N 28 Paid in or capital surplus, or land, building, and equipment fund

29 Retained earnin gs, accumulated income, endowment, or other funds O E R 5 30 Total net assets or fund balances (see instructions) 12 974 916 . 12 420, 472

31 Total liabilities and net essatsNund balances see instructions 12,974 , 916 12 , 420, 472

Past III Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end of-year figure reported on prior year's return)

2 Enter amount from Part I, line 27a 3 Other increases not included in line 2 (itemize 4 Add lines 1, 2, and 3 5 Decreases not included in line 2 (itemize) 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30

BAA TEEA0.302L 10/13192

Attached schedules and amounts in the 0escnDLOn Nal'~ ~~ Balance Sleets column should be for andcf year amounts only (See insWCGOns )

1 Cash - non interest bearing 2 Savings and temporary cash investments 3 Accounts receivable

Less allowance for doubtful accounts ~ 4 Pledges receivable 11~ _--__---__

Less allowance for doubtful accounts ~ 5 Grants receivable 6 Recerva6les due from officers, directors, trustees, and other

disqualified persons (attach schedule) (see inslructionsl 7 Other notes and loans receivable (attach sch)

q -----------Less allowance for doubtful accounts 11~

5 8 Inventories for sale or use 9 Prepaid expenses and deferred charges T l0e Investrnents - U S and state

governmenLTBTEt+IENT 7 obligations (attach schedule) S b Investments - corporate stack (attach schedule) STATEMENT 8 c Investments - corporate hands (attach schedule)

11 Investrnents - land, buildings, and equipment basis e' 1, 250, 000 Less accumulated deprttia o (attach schedule) VA STMT 9

12 Investments - mortgage loans 13 Investments - other (attach schedule) 74 Land, buildings, and equipment basis ~

Less accumulated depreciation (attach schedule)

i5 nrne. ===~~- ~-~-- " -g ~ ----------

I 16 Total assets (lo be completed by all filers -

990 PF (20o THE GWENDOLYN SEXTON FOUNDATION 95-3783371 IV, -Capital Gams and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e g , real estate, (b) How ~~a~~red (c) Date acquired 2 story brick warehouse, or common stock, 200 shares MLC Company) P - P~rrhasa (moan, any year)

D - DonaGOn day year)

:aahon allowed (g) Cost or other basr. allowable) plus expense of sale

in column and owned b the foundation on 12131/69 Q) Adjusted basis (k) Excess of column (Q as of 12131/69 over column 0), it any

a

'.,ran Y / lqU811fIC8DOO Uf1O8l JBCUOII 474l IOf KCOl1CCa 1 a7 nn Mar mvneTmanr mrr

(For optional use by domestic private foundations subject to the section 4440(a) lax on net investment income )

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

Was the organization liable for the section 4942 tax on the distribulable amount of any year in the base periods ayes X No If 'Yes,' the organization does not qualify under section 4940(e) Do not complete this part

1 Enter the appropriate amount in each column for each year, see instructions before making any entries

(a) (b) (c) (d) Base period years Adjusted qualifying distributions Net value of Distribution ratio

Calendar year (or tax year noncharitable use assets (column (b) divided by column (c)) beginning in)

1

8 Enter qualifying distributions from Part XII, line 4 1 8

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a 1 °.G tax rate See the Part VI instructions

BAA Form 990-PF (200 TEEA0303L 10123A2

la SEE STATEMENT b c d

e (e) Gross sales price

a

(i) Fair Market Value as of 12/31169

2 Capital gain net income or (net capital loss) ~If gain, also enter in Part I, line 7 If (loss), enter 0 in Part I, line 7

3 Net short term capital gain or (loss) as defined in sections 1Y12(5) and (6)

If gain, also enter in Part I, line 8, column (c) (see instructions) If (loss), enter 0

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

(I) Gains (Column (h) gain minus column (k), but not less

wan 0 ) or Loues (from column (h))

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

3 Average distribution ratio for the 5 year base period - divide the total on line 2 by 5, or 6y the number of years the foundation has been in existence if less than 5 years

4 Enter the net value of noncharitable use assets for 2002 from Part X, line 5

5 Multiply line 4 by line 3

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

7 Add lines 5 and 6

0 095055

9011

601 .

or 4948 - see on

.. .. . .. . .. _, .. _.O

2,601 0 .

2,601 .

3,500

899 .

7 e During the tax year, did the organizaUon attempt to influence any national, state, or local legislation or did it Yes No participate or intervene in any political campaigns 1 e X

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? 1 b 7{

11 the answer is 'Yes' to 7a or 16, attach a detailed description of the activities and copies of any materials published or distributed by the organization in connection with the activities

X

8a Enter the states to which the foundation reports or with which it is registered (see instructions) ~----_ CALIFORNIA

b If the answer is Yes' to line 7, has the organization furnished a copy of Farm 990 PF to the Attorney General (or designate) of each state as required by General Instruction G? 1/'No,' attach explanation

9 Is the organization claiming status as a private o0eraling foundation vnthin the meaning of section 19420)(3) or 4942(j)(~ for calendar year 2002 or the taxable year beginning in 2002 (see instructions for Parl Xlh7 If 'Ye;' com0lete Part XIV

10 Did any persons become substantial contributors during me tax year If 'Yes,' attach a schedule listing they names and addresses

TEEA0307L 70?3r02

1 a Exempt operating foundations described in section 4940(d)(2), check here III- U and enter N/A' on line 1 Date of ruling letter - _ _ -- _ _ (attach copy of ruling letter if necessary - sea instructions)

b Domestic organizations that meet the section 4940(e) requirements in Part V, check here i" M and enter 1 °h of Part I, line 27b

c All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 4% a1 Part I, line 12, column (6) 2 Tax under section 511 (domestic section 4447(a)(1) trusts and taxable foundations only Others enter 0 ) 3 Add lines I and 2 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter 0 ) 5 Tax based on investment income Subtract line 4 from line 3 If zero or less, enter -0 6 Credits/Payments a 2002 estimated tax pmts and 2001 overpayment credited to 2002 b Exempt foreign organizations - tax withheld at source c Tax paid with application for extension of time to file (Form 8868) d Backup withholding erroneously withheld

7 Total credits and payments Add lines 6a through 6d 8 Enter any penalty for underpayment of estimated tax Check here F~ if Form 2220 is attached 9 Tai due If the total of lines S and 8 is mare than line 7, enter amount owed 10 Overpayment II line 1 is mare than the total of lines 5 and 8, enter the amount overpaid

2 .601

c Did the organization file Form 1120-POL for this year

y ,-- ~~a ar~~oU1 d (1~ ~ 01 iy) of tan uii yuuuuai expenuiwres tsecuon 4955) imposed curing me year

(1) On the organization ~ $ 0 (2) On organization managers ~ $ e Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed on

organization managers ~ $ 0 2 Has the organization engaged in any activities that have not previously been reported to the IRS

If Yes,' attach a detailed description of the activities

3 Has the organization made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments If 'Yes,' attach a conformed copy of the changes

4a Did the organization have unrelated business grass income of $1,000 or more during the year b II 'Yes, has it tiled a tax return on Forth 990-T for this year

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year If 'Yes, attach the statement required 6y General Instruction T

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either " By language in the governing instrument or

" By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law remain in the governing instrument?

7 Did the organization have al least $5,000 in assets al anytime during the years If 'ft' complete Part It, column (c), and Part XV

11 Did the organization comply with the public inspection requirements for its annual returns and exemption applica6on7 1 11 1 X Web site address III- N/A

12 7hebooks areincare ot- MICHAEL J BEGAN----_-_-_-_-__-- Telephoneno " (805)_642=0246-Located at " 1495 DONLON ST .-I - #20, VENTURAI CA _ _ ZAP +a ~ 93003-5690

13 Section 4947(a)(I) nonexempt charitable trusts filing Form 990 PF in lieu of Form 1041 - Check here N/A ;

13 Form

arm 990-PF (2002) THE GWENDOLYN SEXTON FOUNDATION 95-378337 : art VN-B Statements Regarding Activities for Which Form 4720 Ma Be Req uired

File Form 4720 d any item is checked in the 'Yes' column, unless an exception applies 1 a During the year did the organization (either directly or indirectly)

(1) Engage in the sale or exchange, or leasing of property with a disqualified persons 11 Yes XNo

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

(~ Furnish goods, services, or facilities to (or accept them from) a disqualified persons Yes

M No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified persons X~ Yes No

(5) Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person) Yes ZNo

(6) Agree to pay money or property to a government off icial7 (Exception Check 'No' if the organization agreed to make a grant to or to employ the official for a period after termination of government service, if terminating within 90 days ) E]Yes MNo

b If any answer is 'Yes' to la(1) (6), did any of the acts fail to quality under the exceptions described in Regulations section 53 49410 3 or in a current notice regarding disaster assistance (see instruchons)7 Organizations relying on a current notice regarding disaster assistance check here

c Did the organization engage in a prior year in any of the acts described in 1a, other than excepted acts, that were not corrected before the first day of the tax year beginning in 2002

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

a At the end of tax year 2002, did the organization have any undistributed income (lines 6d and tie, Part XIII) for lax year(s) beginning before 2002 []Yes MNo If 'Yes,' list the years ~ 20 , 20 , 19 , 19

~ X

X

N A

3b N A

4a X

4b " X

5b N A

6b 5 ~`X

Form 990-PF (200

(5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals E]Yes N No

b If any answer is 'Yes' to 5a(l) (5), did any of the transacbons fail to quality under the exceptions described in Regulations section 53 4945 or in a current notice regarding disaster assistance (see instructions) Organizations relying on a current notice regarding disaster assistance check here

c If the answer is 'Yes' to question Sa(4), does the organization claim exemption from the tax because it maintained expenditure responsibility for the grants N/A E] Yes a No If 'Yes,' attach the statement required by Regulations section 534945-5(d)

6a Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? E:]Yes N No

b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract

BAA TEEA0305L 10?3102

b Are there any years listed in 2a for which the organization is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed incomes (If applying section 4942(a)(2) to all years listed, answer 'No' and attach statement - see instructions )

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

~LU ,N , ly , 15

3a Did the organization hold more khan a 2% direct or indirect interest in any business enterprise at any time during the years 11 Yes X No

b II 'Yes,' did it have excess business holdings in 2002 as a result of (1) any purchase by the organization or disqualified persons after May 26, 1969, (2) the lapse of the 5 year period (or longer period approved b the Commissioner under section 4943(c)(7,) to dispose of holdings acquired by g ift or beQuest, or (% the lapse of the 10 , 15 , or 20 year firs pfiase holding periods (Use Schedule C, Form 4720, to determine i( the organization had excess business holdings in 2002 )

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

b Did the organization make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2002

Sa During the year did the organization pay or incur any amount to (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ~ Yes ~ No

(2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly, any voter registration drrve7 e Yes XB No

(~ Provide a grant to an individual for travel, study, or other similar purposes Yes X No

(4) Provide a grant to an organization other than a charitable, etc, organization described in section 509(a)(7), (2), or (3), or section 4940(d)(2)7 ~ Yes X~ No

Page 5

Yes No

Form 990-PF (2002) THE GWENDOLYN SEXTON FOUNDATION 95-3783371 Page 6 9art It Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,

and Contractors

0 0

(b) Title and average (c) Compensation hours per week

devoted to position

------------------------ enter'None If

Total number of others receiving over $50,000 for professional se

Pan [X-A Summary of Direct Charitable Activities

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

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

2

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

3

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

4

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

BAA TEEA0306L 10?3i02

(a) Name and address

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

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

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

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

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

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

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

(b) Title and average (c) Compensation hours per week (If not paid, enter -0-)

devoted to position

3hest-paid independent contractors (or professional services -Name and address of each oerson paid more than $50.000

NONE

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

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

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

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

(d) Contributions to employee benefit plans and deferred

(e) Expense account, other allowances

coons) If none, enter'None' (d) Contributions to (e) Expense account, employee benefit other allowances plans and deferred

(he two largest program related investments made by the

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

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

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

Total

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

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc, purposes a Average monthly fair market value of securities b Average of monthly cash balances c Fair market value of all other assets (see instructions) d Total (add lines la, b and c) e Reduction claimed for blockage or other (actors reported on lines la and lc (attach detailed explanation) I 1 e I

2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line I of 4 Cash deemed held for charitable activities Enter 1 1/2% of line 3 (for greater amount, see instructions) 5 Net value of noncharitable-use assets Subtract line 4 from line 3 Enter here and on Part V, line 4 b minimum investment return Enter 5% of line 5

9,777,603 . 1 .118 .034 .

0 0

024

reeaa307L 10rz3102

Form 99o-PF (200 THE GWENDOLYN SEXTON FOUNDATION 95-3783371 Page 7

'PaR IX-B Summary of Program-Related Investments (see instructions)

N/A

2

All other program related investments See instructions 3

[Part XI DIStIIbUtable Amount (see instructions) (Section 4942Q)(3) and Q)(5) private operating foundations and certain foreign organizations check here ~ and do not complete this art

1 Minimum investment return from Part X, line 6 1 601, 206 . 2a Tax on investment income for 2002 from Part VI, line 5 2a 2,601 . b Income tax for 2002 (This does not include the tax from Part VI ) 2b c Add lines 2a and 2b 2c 2,601 .

3 Distributable amount before adjustments Subtract line 2c ham line 1 3 598, 605 . 4a Recoveries of amounts treated as qualifying distributions 4, 1 b Income distributions from section 4447(a)(2) trusts 4b c Add lines 4a and 4b 4c

5 Add lines 3 and 4c 5 598, 605 . 6 Deduction from distribulable amount (see instructions) 6 7 DistnbWable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII, line 1 7 598,65-5-.

[PPartXll Qualifying Distributions see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc, purposes a Expenses, con~ibutions, gifts, etc - total from Part I, column (d), line 26 1 a 670,700 . b Program related investments - Total from Part IX B 1 b

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

3 Amounts set aside for specific charitable projects that satisfy the e Suitability test (prior IRS approval required) 3a b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions Add lines la through 3b Enter here and on Part V, line 8, and Part XIII, line 4 4 670,700 .

5 Organizations that qualify under section 44qD(e) for the reduced rate of lax on net investment income Enter 1% of Part I, line 27b (see instructions) 5 2,601 .

6 Adjusted qualifying distributions Subtract line 5 from line 4 ~ 6 1 668, 099 .

Note The amount on line 6 will be used in Part V column (b), m subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction o1 tax in those years

BAA Form 990-PF (200

TEena30ei. 11n2m2

Form 990-PF (2002) THE GWENDOLYN SEXTON FOUNDATION 95-3783371 Page 8

'Part XII[ Undistributed Income (see instructions)

Corpus Years prior to 2001 M1 ~da 2 2

1 Distributable amount for 2002 from Part XI, line 7 598 605

2 Undistributed income, it any, as of the end of 2001 a Enter amount for 2001 only -589 , 378 b Total (or prior years 20_, 19 , 19 0 . " '

3 Excess distributions carryover, d any, to 2002 a From 1997 b From 1998 c From 1999 d From 200 .. ~ ' e From 2001 f Total of lines 3a through e 0 .

4 qualifying distributions for 2002 from Part X11, pine 4 ~ $ 670,700

a Applied to 2001, but not more khan line 2a 589, 378 .

b Applied to undistributed income of prior years (Election required - see instructions) 0

c Treated as distributions out of corpus - (Election required - see instructions) 0 - `

d Applied to 2002 disVibutable amount 81, T2-2- " Remaining amount distributed out of corpus

5 Excess distributions carryover applied to 2002 0 . 0 . (If an amount appears in column (d), the same amount must be shown in column (a) )

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

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

b Prior years' undistributed income Subtract line 4b from line 2b 0

c Enter the amount of prior years undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed 0 `

d Subtract line 6c from line 6b Taxable amount - see instructions 0

e Undistributed income for 2001 Subtract line 4a from ' line 2a Taxable amount - see instructions 0

f Undistributed income for 2002 Subtract lines ' 4d and 5 from line 1 This amount must be distributed in 2003 517,283

7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(E) or 4942(8)(3) (see instructions) 0 .

8 Excess distributions carryover from 1997 not ` } applied on line 5 or line 7 (see instructions) 0 .

9 Excess distnhuttons carryover to 2003 Subtract lines 7 and 8 from line 6a 0

70 Analysis of line 9 a Excess from 1998 . - ,. b Excess from 1999 c Excess from 2000 - t d Excess from 2001 e Excess from 2002

BAA Form 990-PF (2002)

95-3783371 Form 990-PF

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

BAA reeaa3wi- iorz31oz Form 990-PF (200

f15 (see instructions and Part VI I 1 e If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling

is effective for 2002, enter the dale of we ruling h Check box to indicate whether the organization is a private o erating foundation described in section 4942

2e Enter the lesser of the adjusted net Tax ear Prior 3 ears income from Part I or the minimum a 2002 6 2001 c 2000 d 1999 investment return from Part X for each year listed

h 85% of line 2a c Qualifying distributions from Part XII,

line 4 for each year listed d Amounts included in line 2c not used directly

for active conduct of exempt activities a Qualifying distributions made directly

for acfrve conduct of exemp t activities Subtract line 2d from line 2c

3 Complete 3a, b, or c for we alternative test relied upon

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

(2) Value of assets qualifying under section 4942Q)(3)(B)(i)

to'Endowmenl' alternative test - Enter 2/3 of minimum investment return shown in Part X line 6 far each year listed

c 'Support' alternative test - enter (1) Total support other than gross

investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)

(2) Support from general public and 5 or ~iv~viyduiiouvfu as ViUvIucu

in section 4942(1)(3)(B)(iii) (3) Largest amount of support from

an exempt organization

this out onN If the oraanhrtlon had $5 .000 or more In assets at anv time donna the 1 Information Regarding Foundation Managers

a List any managers of the foundation who have contributed more man 2% of the total contributions received by the foundation before we close of any tax year (but only if they have contributed more than $5,000) (See section 5070(2) ) NONE

b List any managers of the foundation who own 10°h or more of the stock of a corporation (or an equally large portion of we ownership of a partnership or other entity) 01 which the foundation has a 10% or greater interest NONE

2 Information Regarding ConlrihWion, Grant, Gift, Loan, Scholarship, etc, Programs Check here 0 Pq if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds If the organization makes gifts, grants, etc, (see instructions) to individuals or organizations under other conditions,

- complete items 2a, b, c, and d a The name, address, and telephone number of the person to whom applications should be addressed

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

c Any submission deadlines

Form 990-PF (200 THE GWENDOLYN SEXTON FOUNDATION 95-3783371 Page 10

Form 990 PF (200 THE GWENDOLYN SEXTON FOUNDATION 95-3783371 Page 11

Part XYI-A Analysis of Income-Producing AcUvities

Unrelated business income (e) (b)

Business Amount code

Excluded b section 512 513,

(a) Exclu Amount Related or exempt s ion function income "C'

C d e f g Fees and contracts from government agencies

2 Membership dues and assessments 3 Interest on savings and temporary ash investments 4 Dividends and interest from securities 5 Net rental income or (loss) from real estate a Debt financed property b Not debt-financed property

6 Net rental income or (loss) from personal property 7 Other investment income 8 Gain or (lass) from sales of assets other than imentary 9 Net income or (loss) from special events 10 Gross profit or (loss) from sales of inventory 11 Other revenue

a b c

d

12 Subtotal Add columns (b), (d), and (e) 225,476 13 Total. Add line 12, columns (b), (d), and (e) 73 225, 476 . (See worksheet in the instructions for line 13 to verify calculations )

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

BM rEEnosaiL oirt3/a3 Form 990"PF (200

Enter gross amounts unless otherwise indicated

1 Program service revenue a b

Regarding Transfers To and Transactions and Relationships With Noncharitable Exem

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations

a Transfers from the reporting organization to a noncharitable exempt organization of (1) Cash 1e 1 X (2) Oilier assets 1 e 2 X

b Other Transactions (1) Sales of assets to a noncharilable exempt organization 1 b 1 XY (2) Purchases of assets from a noncharitable exempt organization 7 6 2 X (3) Rental of facilities, equipment, or other assets 16 X (4) Reimbursement arrangements 1 b 4 X (5) Loans or loan guarantees 1 b 5 X (6) Performance of services or membership or fundraising solicitations i b 6 X

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

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

2e Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527 ~ Yes X No

b If Yes.' comolete the following schedule

95-

2002 THE GWENDOLYN SEXTON FOUNDATION 95-3783371

PUBLICLY TRADED SECURITIES

(A) (B) NET (C) (D) EXPENSES INVESTMENT ADJUSTED CHARITABLE PER BOOKS INCOME NET INCOME PURPOSES

TOTAL T_ 1,062 .

STATEMENT 3 FORM 990-PF, PART I, LINE 168 ACCOUNTING FEES


INVESTMENT FEES-ANCHOR CAPITAL $ 6,322 $ 6,322 . INVESTMENT FEES-BRANDYWINE 7,091 7,091 . INVESTMENT FEES-SCUDDER 20 000 . 20 000

TOTAL

FEDERAL STATEMENTS PAGE 1

STATEMENTI FORM 990-PF, PART I, LINE 6 NET GAIN (LOSS) FROM NONINVENTORY SALES

GROSS SALES PRICE COST OR OTHER BASIS :

STATEMENT 2 FORM 990-PF, PART I, LINE 16A LEGAL FEES

RICHARD SCOTT

1,746,312 . 1,890,178

TOTAL GAIN (LOSS) PUBLICLY TRADED SECURITIES -143,8

TOTAL NET GAIN (LOSS) FROM NONINVENTORY SALES L -


DAVID G . PHINNEY, CPA $ 750 . $ 750 . MICHAEL J . BEGAN, CPA 750 750 .

TOTAL 1, 00 ~~ ~0.

STATEMENT 4 FORM 990-PF, PART I, LINE 16C OTHER PROFESSIONAL FEES

THE GWENDOLYN SEXTON FOUNDATION 953783371

STATEMENT 8 FORM 990-PF, PART II, LINE 10B INVESTMENTS-CORPORATE STOCKS

VALUATION BOOK FAIR MARKET CORPORATE STOCKS METHOD VALUE VALUE

VANGUARD DEVELOPED MARKETS COST $ 601,594 $ 359,519 . VANGUARD 500 INDEX FUND COST 569,287 . 357,161 . VANGUARD MID-CAP INDEX FUND COST 553,380 410,850 . VANGUARD SMALL-CAP INDEX FD COST 570,518 390,770 .


STATEMENTS FORM 990-PF, PART I, LINE 18 TAXES


CA DEPT OF JUSTICE-FORM RRF-1 $ 25 $ 25 FOREIGN TAXES ON DIVIDEND INCOME 351 . 351 . FTB-FORM 199 3/31/02 10 10 . IRS-FORM 990-PF 3/31/02 3,298 . 3,298 . REAL ESTATE TAXES-MALIBU LAND 34 779 . 34 774

TOTAL 5~ , ~8 ~a

STATEMENT 6 FORM 990-PF, PART I, LINE 23 OTHER EXPENSES


ASSOCIATION DUES $ 75 . $ 75 GLNY r IUDCES Tu:i FEES 100 . ldb INSURANCE 3,706 . 3,706 OFFICE SUPPLIES 120 . 120

TOTAL , OfT~___T_Uff'F

STATEMENT 7 FORM 990-PF, PART II, LINE 10A INVESTMENTS - U.S . AND STATE GOVERNMENT OBLIGATIONS

VALUATION BOOK FAIR MARKET U S . GOVERNMENT OBLIGATIONS METHOD VALUE VALUE FEDERAL HOME LOAN BANK BONDS COST $ 2,020,868 $ 2,135,221 GNMA BONDS COST 1,379,634 1,394,195 . U 5 TREASURY NOTES COST 1,611,276 1,611,276 . VANGUARD GNMA FUND COST 571 277 599 016 .

5,578,0 5 5, 7 34 '7 08 , .

TOTAL ,578,055 , 34,708 .

ACCUM . BOOK FAIR MARKET CATEGORY BASIS DEPREC VALUE VALUE

~ TOTAL $

1, 250' 000 . ~~ $ 1' 20~0~ $ i~25500 $ 150'000

LAND

STATEMENT 10 FORM 990-PF, PART IV, LINE 1 CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOME

(D) DATE SOLD VARIOUS VARIOUS VARIOUS VARIOUS

4/03/2002 5/22/2002 5/22/2002 5/22/2002 6/13/2002 6/26/2002 8/21/2002 8/21/2002 8/27/2002 8/27/2002 1/09/2003 1/09/2003 2/06/2003 2/19/2003

VARIOUS VARIOUS VARIOUS VARIOUS VARIOUS

(C) DATE ACQUIRED

VARIOUS VARIOUS VARIOUS VARIOUS

9/05/2001 3/31/1998 9/27/2001 3/31/1998

10/12/2001 VARIOUS

3/31/1998 10/12/2001 8/01/2001 3/31/1998 2/06/2002 9/07/2001 9/27/2001

11/06/2001 VARIOUS VARIOUS VARIOUS VARIOUS VARIOUS

(B) HOW ACQUIRED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED PURCHASED

ITEM (A) DESCRIPTION 1 EQUITIES-ANCHOR CAPITAL (SCH 4 ATT) 2 EQUITIES-ANCHOR CAPITAL (SCH 9 ATT) 3 EQUITIES-BRANDYWINE MGMT (SCH 5 ATT) 4 EQUITIES-BRANDYWINE MGMT (SCH 5 ATT) 5 280 SH AVANT CORD (BRANDYWINE) 6 900 SH EUPONT (EI) DE NEMOURS 7 800 SH H J HEINZ COMPANY 8 500 SH IBM CORPORATION 9 600 SH ELECTRONIC DATA SYSTEMS CORD 10 600 SH OMNICOM GROUP INC 11 900 SH BELLSOUTH CORD 12 900 SH GENENTECH INC 13 700 SH HERSHEY FOODS CORD 14 706 SH VERIZON COMMUNICATIONS 15 300 SH FOREST LABORATORIES INC 16 1000 SH CALPINE CORPORATION 17 1000 SH HOME DEPOT INC 18 1200 SH WATERS CORD 19 MORGAN STANLEY (SCH 6 ATT) 20 MORGAN STANLEY (SCH 6 ATT) 21 MORGAN STANLEY (SCH 7 ATT) 22 MORGAN STANLEY (SCH 7 ATT) 23 MORGAN STANLEY-GNMA POOL-PRIOR

(E) (F) (G) (H) (I) (J) (K) (L) GROSS DEPREC COST GAIN FMV ADJ BAS EXCESS GAIN

ITEM SALES ALLOWED BASIS (LOSS) 12/31/69 12/31/69 (I) -(J) (LOSS) 1 99,901 . 57,790 . -8,339 $ -8,339 2 54,110 66,816 . -12,706 -12,706 .

FEDERAL STATEMENTS PAGE3

THE GWENDOLYN SEXTON FOUNDATION 95-3783371

STATEMENT 8 (CONTINUED) FORM 990-PF, PART II, LINE 10B INVESTMENTS - CORPORATE STOCKS

VALUATION BOOK FAIR MARKET CORPORATE STOCKS METHOD VALUE VALUE EQUITY HOLDINGS-SCUDDER (SCH 1 ATT) COST $ 1,692,489 $ 1,544,742 EQUITY HOLDINGS-ANCHOR CAP (SCH 2 ATT) COST 930,795 403,725 . EQUITY HOLDINGS-BRANDYWINE (SCH 3 ATT) COST 490 591 . 462 748 .

TOTAL, kT,Ti7__ , 29,

STATEMENT 9 FORM 990-PF, PART II, LINE 11 INVESTMENTS - LAND, BUILDINGS, AND EQUIPMENT

2002 FEDERAL STATEMENTS PAGE 4


STATEMENT 10 (CONTINUED) FORM 990-PF, PART IV, LINE 1 CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOME

(E) (F) (G) (H) (I) (J) (K) (L) GROSS DEPREC COST GAIN FMV ADJ . BAS . EXCESS GAIN

ITEM SALES ALLOWED BASIS (LOSS) 12/31/69 12/31/69 (I) -(J) (LOSS) 3 231,784 . 235,737 -3,953 . $ -3,953 . 4 89,035 74,012 . 15,023 . 15,023 . 5 5,487 1,623 . 3,864 3,864 6 41,831 . 61,960 . -20,129 -20,129 . 7 34,144 33,648 . 496 . 496 . 8 91,919 26,039 15,880 . 15,880 . 9 28,385 39,518 . -6,133 . -6,133 . 10 29,393 52,879 . -23,481 -23,481 . 11 22,895 . 30,298 -7,353 . -7,353 . 12 31,670 . 39,510 -7,840 -7,840 13 53,266 41,930 . 11,336 . 11,336 . 14 22,436 36,392 . -13,956 . -13,956 . 15 16,169 11,999 . 4,220 9,220 16 4,190 30,670 -26,480 -26,480 . 17 21,799 . 36,410 -14,661 . -19,661 . 18 27,611 94,290 . -16,679 . -16,679 19 197,122 205,992 . -8,870 -8,870 20 566,619 575,260 -8,641 . -R Fdt, 2i 60,346 b3,1S6 . -2,910 . -2,910 . 22 116,750 120,017 . -3,267 . -3,267 23 0 9,287 . -9,287 . 9 287 .

TOTAL -1 3,866 .

STATEMENT II FORM 990-PF, PART VIII, LINE 1 LIST OF OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES

TITLE AND CONTRI- EXPENSE AVERAGE HOURS COMPEN- BUTION TO ACCOUNT/

NAME AND ADDRESS PER WEEK DEVOTED SATION EBP & DC OTHER MICHAEL J . REGAN TRUSTEE $ 30,700 . $ 0 . $ 0 . 1945 DONLON STREET, SUITE 20 10 VENTURA, CA 93003

DAVID G PHINNEY TRUSTEE 30,700 . 0 . 0 1872 OAKWOOD AVENUE 10 GLENDALE, CA 91208

STANLEY J . YATES SECRETARY 0 . 0 0 260 MAPLE COURT, SUITE 230 0 VENTURA, CA 93003

TOTAL 1,900 .


VENTURA UNIFIED SCHOOL DIST N/A PUBLIC GENERAL 225,000 120 EAST SANTA CLARA STREET OPERATING FUND VENTURA, CA . 93001 AND AFTER SCHOOL

CARE PROGRAMS

VENTURA HIGH SCHOOL N/A PUBLIC SOCCER PROGRAM 3,000 . 2155 EAST MAIN STREET VENTURA, CA 93003

GLENDALE UNIFIED SCHOOL DIST N/A PUBLIC GENERAL 225,000 . 223 NORTH JACKSON STREET OPERATING FUND GLENDALE, CALIFORNIA 91206 AND AFTER SCHOOL

CARE PROGRAMS

I7RRAN MTNTCTRV (1F' T(lc aTirFiL'c N7 /A n~inyi~ y 25 rv 2938 EIGHTH STREET OPERATING FUND LOS ANGELES, CALIFORNIA 90005 OF LOS

APRENDAMOS

VENTURA FAMILY YMCA N/A PUBLIC GENERAL 10,000 . 3760 TELEGRAPH ROAD OPERATING FUND VENTURA, CALIFORNIA 93003

GLENDALE FAMILY YMCA N/A PUBLIC GENERAL 10,000 140 NORTH LOUISE STREET OPERATING FUND GLENDALE, CALIFORNIA 91206

TOTAL 640,000


STATEMENT 12 FORM 990-PF, PART XV, LINE 3A RECIPIENT PAID DURING THE YEAR

FOUND-DONEE ATION PURPOSE OF

NAME AND ADDRESS RELATIONSHIP STATUS GRANT AMOUNT CHILD CARE RESOURCE CENTER N/A PUBLIC VAN PROJECT $ 192,000 . 16650 SHERMAN WAY, #100 VAN NUYS, CA 91406

Schedule l

MorganStanley ..

- - - -- -ACTIVE ASSETS ACCESS ACCOUNT FOR MONTH ENDING MARCH 31, 2003 PAGE 20 OF 42

Your Financial Advisor _Account Number KINNEY/NISHIYAMA _ - -- " ---' -" - - - -'- ---~--- ' - -- MORGAN STANLEY --801 N BRAND BLVD SUITE 908 - - ~ - - - ~ ~ AAA Customer Service GLENDALE,CA _ 91203 I~~Ius iI 1 i11u11 Ium 11uu 111111 till ml~~allun uill lud,~. . _ _ _=-1-800-869-926 _ ^__

~ u.+ (818) 247-7720 --- - -- - ~ ---- -- --- ---------- -- O - GWENDOLYN SEXTON FOUNDATION - - ~ -

v - - - -- - -- - -- - ---L r. ------ -- - - - - _ . --- ---401 AGNUS DR-- u Fiscal Year Ends 3-31-03 VENTURA CA 93003-1005 _. ` . - _ -- -' - -v; - - - - -- - -- --- - -- - -- -- --- - - - -- - - -----

A/C#2,ANCHOR " - --- --- _ ---

-- - GAIN AND-LOSS -SUMMARY -- -~~ ~-~- - -- -~ -~ -The Gain and Loss information is provided for informational purposes only We recommend that you contact your tax advisor to - - - -

determine the appropriate information (o be used in the preparation of your tax return This Gain and Loss Summary is not a .7-substitute 1099 form (or any other appropriate tax form) and should not be filed with your taxes -- '- - -- -- :_-- - --_ -- -- - - --

For most securities purchased alter 1985 through Morgan Stanley DW Inc , the necessary data, including cost basis (purchase__ price), is provided to estimate gain or loss Please note that although Morgan Stanley UW Inc makes every effort to adjust :-- the cost basis log such securities' capital changes, it does riot adjust the cost bass for all events, including amortization of -- - -- - - - ' - -non-municipal bond premiums, exercise of stock aprons, securities deemed (o have been sold and simultaneously repurchased, receipt - -of cash m lieu of fractional shares, or the net effect o! wash sales and/or short sales ag.unsl the box

Far securities riot purchased through Morgan Stanley O W Inc , for example, secunue s purchased elsewhere and later transferred to it, you will need to supply the relevant information either to your Financial Advisor or directly onto ChentServ, independently . =; -- -- - - - - -of Morgan Stanley OW Inc In either case, it is your responsibility to ensure the accuracy of this information , since Morgan Stanley DW Inc. has no knowledge of such assets' cost basis To correct any information supplied by Morgan Stanley OW Inc , please _-inform your Financial Advisor, to correct any information supplied by you, you may erth ar inform your Financial Advisor or input the data directly yourself through CGenfServ - -- - - - - - ` -_ _ - ---_ - --

For Managed Futures funds, these funds may typically 6e redeemed only once monthly, et the fund's final net asset value ('NAV') as of each month's end The fund's final NAV_for each month -and therefore the exact amount of any investof_s gain or loss realized that month- becomes available, however, only midway info the following month Separately, all unrealized gain and loss figures are only estimates Morgan Stanley OW Inc does riot guarantee nor wit! it independently verily the accuracy of the - - -- - - - --information m the Gain and Loss Summary _ - - ; - --_ - -- - " _

-- - - - Date-- Unit Adjusted_ -_ Market :: _ --- Unrealized - - Additional Unrealized Gain/(LOSS) " Quantity Acquired Cost Total Cost Value Gar l(Loss) Information

Stocks _-

Common Stocks

ANGLOGOLD LTD ADS 331 12-04-01 16 .9183 5,599 .96_------ _ 91989 .58 : _ 4 .389 .62 Long Term

AON CORP 459 Y--O1-15-03 20 8421 __.9,566 62 ._9,492 .12 ---~-_(74 .50) Short Term 4- . . '-

This summary is not part of your account statement I! is for information purposes only and should not be used for lax preparation -- - _ "'

Investments and services are offered through Morgan Stanley DW Inc , member SIPC

Morgan Stanley T O

ACTIVE ASSETS ACCESS ACCOUNT FOR MONTH ENDING MARCH 31, 2003 PAGE 21 OF 42

" GWENDOLYN SEXTON FOUNDATION=� =--Account Number v--401 AGNUS DR- - -.:--- -------------------------------------------

__ ---Market- ---- Unrealized-' -- Additional IIteH11ZEd"G81D/(LOSS)~"" ---- ---Ouanhfv- -Acauved --::-Cost= ===Total Cost --Value-7-==---Gam/(Loss) -- Information

ASTORIO FINANCIAL CORD -'--- ' - -272 =-01-30-OS - 25.4906- -6,935:50--'-' -6,S1a :56'-'-"-x(614 .947 Short-Term

BIWKNORTH GRP INC _= 355- _06-04-02-__26.5125.__-_9,,11 97 7,742 .55---___-(1,669 .42) Short Term

BECK111W COUL7ER INL -183---09-05-01--45 .9700- 8,1i12 .51 . . . . _6,227 .49` - (2,165 .02) Long Tire

BRANDYHIINE REALTY-TR SBI-NEN- - - 457- 09-05-O1 -21.9000 ~ _-10,U06.i0--- -_ 10,054 .00 --- --45 .70 Long Term

CR BARD 55 :7547_-' -8,]16 .96 _-- 9,522 ;06---- .1,405 .10 Short Term

CABOT OIL i_ GAS CORP A_--- --- ---- --219-_09-05=01--22 .3000 _-_-4_,(83 .70---j-= 572 .30 Long Term

CENTURYTEL INC- --- = - -- - -~=272 -~09-IB-02= -25.8265_ -7,124:78 - ' 7,507 :20 -. -_ 462 .42 " Short Term

CERIDIAN CORP NEW_ 7,768.96-- ---5,S68 .S2 -_ (2,000.64) :- Long Term

CINERGY-CORPORATION---== =---_: " -.~--=--265= 09-05-01 .: 52 :0946 =-_- !,505 .07 = x,917 .25- -._ ~412.1fl- Long Tire

COIiPU7ER SCIENCES CP - 240 09-05-01- -57.2400 -8,957.60 - - 7,812.00 _ = __:(I-,125.60) Long Term

ENZON INC-::- -' _ - ==464-='==01-22-03-==183595`-==- 8;518 .81=``-5,266:40--=-(5;252:41 )'Short Term

FEOL_RLTY_INVT.TRUST 9.B I --437 ̂09_05.01-=-_23.0000__--10,061.00-_ -13,271.69-----3,220.69 Long Term .

FIRST=AMERICAN-CORP ==- -- - 446==12-10=02==20 :7489~=9,254:01- 10,882:40=1;628.39='-Short Term

FREEPORT_MCMORAN CPSGLD CL B_ - _ --435-=-02-06-_03----17 .1025 --7,459.59_ -_ 7,416.75 - - (22.84) Short Term

GOLDCORP INC COM NEN- -- -- ~375=12-20=02-=12.1174==--4;5i4:06= 3;978 .75 =-=(565.31) =~Short-Term = --

GUIDGNT CORP__ __--- -- ~ -- -- 302^09-05c01 35:2387--_10;6~ #2 :09__10,932.40 -290.31YLong Term_-_---_ __

HEALTH CARE-PROPERTY INVS INC---- ----- -=-202---01=15-03 -----38 :4331 -"_ - 7,7,,5 .49- '- --6,756 .70- " -- (1,026 .79) Short Tern

HEALTH CARE REIT_INC 72 -7,BS5.80-- (425 .92) Short-Term -- ---"" ----'-- - -""-60'--01=28-0S--"25 :6940~'"-1-541 :64-'----1 .572:00----- 30 .56-'Short Term

- -------- --- ----------------559-- -----27.2965--9,7'9.36---- 9,405 .80--- 693 .561- - __, -

HOME_PROPERTIES_OF_NV_INC=- .--301=-09-OS-01-S1:6956-976f10:00---__9;991 .20-._395:20--ConY - Term

-This sumMa " is not " art of ' ui account statement =1fls for-mlormahon- ur oses onl 'an' --p y J should not 6e used foi !ax re arahon`-- --

Investments and services are offered throu6n Morgan Stanley DW Inc , member SIPC

ACTIVE ASSETS ACCESS ACCOUNT a ,~ M o rga n Stan ley

KINC FOF' MONTH ENDING MARCH 31, 2003 PAGE 22 OF 42

F C' _ _ _ ecountNumer ~= 401 AGNUS DR - -- U - - ---- - - - -- --- -- -- - -- - - -

-' - _ . -----Date - . Unit-:: . =-Adjusted _ _ Market_.-.- Unrealized _ - Additional - Unrealized Cain/(Lost) Quantity - JAcauired - Cost Total Cost Value - GainlILoss) Information

IDEXX LABS-- :=_ _ - L316-_02-11-02 _ 26 .6000 _8,~~05 .60 11,050 .52 _ 2,644 .92 Long Term

INGLES MARKETS A 5i8-09=05=01 1i.38B4-----7;202 96` - S,1i7 :90 (2,065:06) Long Tarm

IVAX CORP FLORIDA _-430_ 09-28-01 21 .7485 - 9, : .51 86 5,267 50 _ '(4,084 .36) Long Term

LONGS DRUG STORES CORP ---------------=--374-=_11-26-02--- 19 -6464 - 7, ; .47 .79 ----- 5,610 .00- _ (1,737.79) Short Tern 77 -

MFA MORTGAGE INVES7T1ENT5'INC_ ~=1;Oi9 -'_02-12-02 '9'0497_'_'.-_-9,402J4_:_=_ . .. 8,987 .3S=--_- -:_:(415.391 long Term - --- - Z:-.7 -:- 8-===02-15-02---- 9 0000 =_ _-~ - 72 .00- -- - - 69 .20-== 1 -' ' ( 2 801 Long Term

- - - - _1,047-- --- ---9.04949,~J4 .74 9,056 .55 _- (418 .19)

HILTICOH INTL CELLULAR SA NEW . _ -110 . ̂09-05-01 -- 45 .4500-_- - 4,°99 50 682.00--- - (4,317 .50) Long Term

NDC HEALTH CORP --4,444 .05---_- --(5,5J4 .49) Long Term

NEWMONT MINING CORP (NEW) - 140 -11-29-01===19 .7740 - 6 ;723 . 16z-- -__:-_ _ 8,891 .00=Z:=-= 2,167 .84 Long Term

NOBLE ENERGY INC 235-=02-12-03- 02-12-03 -_- 34 .4811 - - 8,]05.06 - 8,058.15 _ __ _ : (44 .91) Short Term

OCCIDENTAL PETROLEUM CORP DE-"-__ "`==444-=09-OS-Ol =-=-28:3500=-----12,587:40=-=~ 13,302.24=-=--= 714 .84- Long Term

PACKAGING CORP ̀ AMEFt 18 .9400 _ = 9 ;204 .84 -8,752 .86--_ (451 .98) Long Term

PEOPLES BK BRIDGEPORT CONN ====378=01=31-02- ---21:9819=- -J8;309 16 ---: - -9,544 .50- _--= 1,235 .34 = Long Term

PIONEER NATURAL RESOURCES CO :-_-------=469 -12-17-01 . .17 .5000= - ~ 8,207:50_ .. -__=11,771 :90 .. .._ :-3,564 .40 Long Term ,

PLACER DOME INC - - -- - - =-880--`-=09 -20-02 - 10:4187 =--=9,168 .46 -~ =- 8,624.00---- =--(544 .46) Short Term

POGO PRODUCING CO '-- - '-410 . 09-OS-O1-_24 .1071 - 9,881 .95 16,305 .70 _ 6,421 .75 Long Term

PRINCIPAL FINL GROUP INC -- --------263-09=11-02 --29 ._0066_--_-_=-7,628 .76 -'-- -- 7,137 .82_-m-7-= --(490 .94) Short Term

_ PROGRE55 ENERGY INC 8;104:05- -=(689:31) Long Term

RECKSON pSSOC .RLTY=CP CL B - - --416--09_05-01---24:2539 10,049,66J- 8,049 .60 - 12,040,061 Long_Term

REOWOOD=TRUST INC. . _-' --305'-=06=26-02 =29:9235= =9;126:67 =-9;912:50- =785 .83== Short-Term L

-Tlvs summary_is not part of your_accounl statement-_It is_for_mlormatron purposes only and_stiould not be used for fax piepara6on - - -- --

Investments and services are offered through Morgan Stanley DW Inc . member SIPC

~~MorganStanley ACTIVE ASSETS ACCESS ACCOUNT FOR MONTH ENDING MARCH 31, 2003 PAGE 23 OF 42

-v-- GWENDOLYN SEXTON FOUNDATION ===--__- ----"-~_=_ ------ ---- -- ------=Acwunt Number-V_ _ . -~--401 AGNUS DR - ----- - --------- -_--

-_-- ' ~"- --- - '"- ===_ -Date--- Unrt-=-Ad~~sted---==-Market=-=-= Unrealized===- Addrtional- __ --- UnfealiZed Gain/(Loss) _- = Ouaohtv-=Acauved-=Cost- =~=-Total Cosf= = Value= =-Gam//Lossl= -_ Information -

ROMAN COMPIWgS INC -__- -- .- ----'-3E5 Oi-24-OS-- 19 :6200'-7,553:70 ---7,569 .10 =~-=15.40" Short Term

SEMPRA ENERGY ~-412 06-24-02 _: :23 .6883= - 9,759 .62 '-_ - - 10,283 52= 525.90 Short Term

SOVEREIGN BANCORP INC '- __12,091 .05 = --_- -2,653.92 Long Term

TECO ENERGY - - - - --- - ----344-09-05-01-_-28 .8500 --- _9,924.40 ---5,656 .72 (6,267.68) _ Long Term

TELEPNOtE i-DATA SYSTEMS-INC = - -= 125~09-05-O1 =300.D700=12,508:75=" --_ 5,113 .75 =-=-(7,595.00) Long Tars

TETPLE-INLAND-_ -- `----_- ---18-6=---- 6,956 .40=-=:14,045 .50) (_ Long- Term

UNIONBANCAL CORD=-'- -=_='_ -_ =-=-=250 ~03=0B=02-==36.6000=-=-9;550 .00-=-"=9;855 :00~ __ =-205 .00 ' Long Term

UNISOURCE ENERGY CP IF1OG CO) _- _ -454 ---09-05-O1 16.6838- _-7,'i74 .49= -7,x54.20- --279 .71 _ Lonp Term

UNITED STS STL CP (NEW) - -- -447---=-09-05-01=-19.8200 :.---= E",1159 :54--====4,594:01=~ -(4,465 .53)= Long -Term -(91 .29) Short Term-

US CELLULAR CP - ` ' ~ - -~ -- - -=164==-=12-13-01='43.8984---7;] 99.34 - -5;872 .04 -- (5,327 .30) Long-Term

~ T_{I{BIY/Ol,p~Y1~l0.e-ì!(~l(InCVa1i{1~1V iFlCy~~r,R~'WJiJih\W« VrlYS idYSS:vl4\V'~ Frv \lWilW \ V~Li0..l.~yl!{.!~ Y~[.s!W,.~~ .. :...�~ 4~~~:~x,~�;~~.,.a( ~.~'rho. Y.(.S11~'_~`~~~AJ~y1ni~~uiv̀ .v S .vs . .v ~nV10

_ - .E.. `,"t I,r i`SV~ w 1" - +t' k "~ . . . ... . 7otef' aPkst~ a poi a stF oh&` . . ~ ~ .~ . 'do = ; t.` à~ .:.a' al II' l ~ :~ s"'Tio .sa r . _.Y . .. . .... . :~e. . . .: .. :~. . .! : .. . . ..e .. . : it.w , wti:'. . .a... ~ .. . . ..... . .. . . T . .. , ., ~ a

.:,:. . : Z Z.- ' ~. \i:~&ll :E.\ ... .. . .. .s.u. .....

The 'Total Cosy and 'Unit Cost' for Fixed Income Unit Trusts, Mortgage-B acked Securities, and Zero Coupon Bonds has -- - -----=----_-'- been adjusted to reflect any partial return of principal or capital that-may.have-been paid to you; or accreted Interest- - --- --- - .-

- earned, since your purchase date . !n we event that the accumulated total i efurn of principal or capita! k greater than - -, _- - - -= -the provided original cost, the adjusted cost-will 6e_'000'

_-_ -- -_- -- -= Date =-= Date -=--Ad~us; .ad

- ---' Realized Additional - Realized-Gai~/(I.oSS) - Ousnhro=-- Acauved- =Sold- --= _ -Iota/ Cost - -Proceeds - -- Gain/(Loss! - Information

- . Long Term -- - - ------ - -- --- --- - -- ----- - -- - - = --- ---- - --- - - _ -- -

pLPHARMA-INC Cl.-A - -- - -- - =,_-357. - 09-05-01_-'01-29-OS = - 11;1~i5.S4 = '5,915 .20 - -_ (5,190.14) Long-Term OIEHOLD'INC --'-'---''---- 220' ._ .09-OS-Ol -O1-09-OS'- -_ ,'8;2ft3:00 9,210 .42 . "927.42 Long Term MANULIFE FINANCIAL CORP-- - - - '-:=543==-=09-05-O1-=03-17-03---- --9,9'2 .76 "- ~ -=8,555 .36--- - (3 .437.40) Long Term TALISMAN ENERGY INC 125 ==09-05-01-701-30-03 -_-=--4,9?1 .25 :'-4,770 .51-- =_ -:~- (150.74) Long Term

t39;3C2 .35-_-028,451749--_(15:650 .861

- This summary it not part of your accounts sfafeinent-It is for rnlormaflon"p"uiposes_only anc~ should nof_tieused for -tax preparation --


MorganStanley ACTIVE ASSET-90 ACCESS ACCOUNT FOR MONTH ENDING MARCH 31, 2003 PAGE 32 OF 42 M

- - . .._- ~-_~ _-_ ___-_------ - - ---Account Numbea-=_-_----v o+ Your Financial Advisor -- - - - - KINNEYINISHIYAMA- - - -------- -- - - ---- ----- ----------------- ---

i c MORGAN STANLEY --w 801 N BRAND BLVD. SUITE 908 ---_AAA Customer Service ~c -GLENDALE~ CA - 91203 '1-800.869-3326--'--._-=-

(818) 247-7720 - - - -- - - - - - ------------------- ------ ------ - -- -- --- ---- ---- - -_--_--~-GWEN[)OLYN SEXTON_FOUNDATION ~__ ---^~ ----- --

- =-_ -- --- - - _- _ -==:.=401-ACNUS-DR-_--_--_--- .---- .-_-----Fiscal Year Ends 3J7-0J VENTURA CA 93003-1005.-=-=-=___ .-__ --

A/C t/J~BRANDYWINE --

- . --=GAIN -AND-LOSS=SUMIVIARY~ - __---- -- =- = - _ - =- _- -__ __

The Gain and Loss information is provided for informational purposes only We recommend that you contact your lax advisor-to -----determine the appropriate information to be used in the preparation of your lax return' 1his Gain and Loss Summary=rs_not a :---- - _- - - - - - - -' - -=- " substitute 1099 form (or any other appropriate tax form) and should not 6e filed with your taxes.-= _`_ --=_ --- -- -- __ - _ - - - ----'

For most securities purchased alter 1985 through Morgan Stanley DW Inc., the necessary data, including cost bass (purchase -_ - -- - --- _-= price), is provided to estimate gam or loss- Please note that although Morgan Stanley.DW Inc-makes every effort to-adjust= -=:=- _--_- the cost basis for such securities' capital changes,--it does not adjust the cost basis for-al r events, including amortization of== - _=-- - -- -' = - - - -non-municipal bond premiums, exercise -of stock options, securities deemed to -have beeifsold and srmullaneously_repurchased; receipt -- -- - - _ - '- ----of cash m lieu of fractional shares, or the net effect of wash sales and/or short sales against the_box~ ---

For securities not purchased through Morgan Stanley OW Inc, for example, secunbe; purchased elsewhere and later-transferred - to it, you will need to supply the relevant-information either to your Financial Advisor or directly onto ClrentServ; rndependently =-__-'-= of Morgan Stanley DW Inc In either case, it is your responsibility !o ensure the accuracy:ol this information, write Morgan ~--- -- - - - -- _ _ - -- ---~ Stanley OW Inc. has no knowledge of such assets' cost basis To correct any information supplied by Morgan Stanley DW Inc., please .-. .- _--inform your Financial Advisor, to correct any information supplied by you_ you may erthe,cinlorm your Financial Advisor or rnput ---'--_" - ' _ '- - _- .- fhe data directly yourself through ClrentServ --_- -- - - - -- -_ --- --- - _- --_ ̀ - ~' - - = _ - ---'--'

For Managed Futures funds, these funds may typically be redeemed only once monthly, at the fund's final net assefvalue ('NAV') -,-- . - - -- -- as of each month's end The fund's line! NA V for each month -and therefore the exact -a.mount of any investor's pain or loss-- -_-realized that month- becomes available, however, only midway into we following month- .Separately, all unrealized gain and loss __-= -- figures are only estimates Morgan Stanley O W Inc. does not guarantee nor will it mdem_ndently verily the accuracy of the _-_- _- - - -' " - _ " --_ -- ---information m the Gam and Lou Summa -----

--=-="_- - Dare - "Unit --=--Adjusted-- -" --=--Market ===UnreaGzed-=-==Additional-- _--- ' _= Unrealized Gain/Moss) Quantity Acourred Cost Total Cost - - - - - Value -- --GSm/lLossl - Information - ----

Stocks _ -- -- _ - --- - - - - --------_ __---_--

=_- =~-_-- =_= - _ -= __- =- - - _ ~--

Common Stocks - - - - - ------ --- ---- -- -------- - - ---- ----- --- -- ----

. A R CORPORATION X420 - 09=19-O1 -9 3210=- ==5 ;9 4-82--= ~1,587 . 60- --(2327 .22)- Long Term

,BERCROMBIE C FITCH CO 225---0E-29-02 22.0792 - -4,9t~7.E4---6,756 .75 ---1,78E .91-; Short Term---:-

This summary is not par[ of your account statement 1t is for information purposes only and should not be used for tax preparation--" - --- --_ - _ - _ -' _ ----'----

Investments and services are offered thro~sn Morgan Stanley DW Inc , member SIPC

M "" Sta n I ey organ ACTIVE ASSETS' ACCESS ACCOUNT FOR MONTH ENDING MARCH Jf, 2003 PAGE 33 OF 42

M

(1) ON GWENDOLYN S EXTON FOUNDATION _ __ Cmnunt Numher r ----- 401AGNUSDR --_- = -_ _---=------ 7 w - - - --- - _ - -- ._ -- -- _ T O -.. . _ - . - '- ' -' _- - - --_'

r c'4 - Date Unit Adjusted = ---- .---Market.----- - -Unrealized -- -- Additional Unrealized Gain/(Loss) % -'-Quantity --Acquired-- Cost `---TotafCosf -Value -~--Gain/(Loss)' -

Information-----v' -- - - - -- - - - - - - ----- - - ABFRCROMBIE 8 FITCH CO 45 . 09-05-02 21 .9571 _ . _986 .08 1,351 .35 . 361 .27 Short Term

9O - 09-23-02 22 .1687 --1,773 .50 -2,402 .40 - 628 .90 Short Term 250 -- 10-01-02 -- - - - 17 .8662 -- 4,466.55 7,507 .50----7-- -3,0r40 .95 Short Term 80 30-04-02 17 4917 1 .399 .34 2 .402 .40 1 .003 .06 Short Term

_680 19 .9911 13,595_31__-- ___20,420 ;40_-=.__ =6,825 :09 --

ACTIVISION INC NEW -105 12-11-02 - 16 .1885 - ,=-1,699 80__^- --1 .517 .25- (182 55) Short Term 235 12-11-02 16 .3477 , 3,841 .71 -- - 3,395 .75_ . (445 .96) Short Term '165 ' 12-18-02 '12 9078 -2,129-.79 '--- -- -----2 .184 :25 254 .46 Short Term

-= 505 -- - - 15 .1907 - - - =7;671 .30 - -- -- 7;297 .25 (374 .05)

ALEXANDER 8 BALOHIN INC 125 - 01-28-02 25 .6000 -= 3,200 .00 ' --- 3,107 .50 - (92 .50) long Term 145 03-06-02 26 .1000 := 3;784 .50 - -- -3 ;604 .70 (179 .801 Long Term

-155 07-2i-02 21.9769 ! 3.406 42 - 3 .853.10 446.88 Short Term 425 -------- - 24 .4492----10,390 .92- - ----10,565 .50 ----- - 174 .58 --- - - ---

_ . f+MDOCS LIMITED ORD -=555 =06-27-02 " 7 :2230 ' -'==4 ;U08 :82-- - ~--=7,370:40=--=-="-3361 :58 =5hort-7arm -- - 210 07-25-02 7 .1020--- - -1,633 .48- 3,054 .40 --1,420 .92_ .Short Term _=_120 09-05-02 6.8500-4,249.60= __:_--_2,057.60 Short Term_ . . . 7-= ----310 - -01-13-03 -13 5841 ----4.211 .10 --------4 :116:80-'---' - (94 .S0) -Short Term

- - 1,415---- 8 .5127 --=- 12 ; ]45.40 -==18,791 :20 =-- - - 6 ;745.80 - - - ---

AMER PHYSICIANS CAPITAL INC -150 11-12-02 16 .0500 -2,~407 .50 - _'3,180 .00 -- --- 772.50 Short Term "-60 -01-22-O3 '19:3000 --'-'"'1 :L58-00 ` --' -1 ;272, 00 - - - - 114700 'Short Term 210 - - 16 .9786 -3,'165 .50 -4,452.00 - 586 50 - - ---

ARCH COAL INC -115 _ -'01-09-02 . . 23 9110 _ _ _.2,49:77 ' ' -_2,186.15___ . _ (561.62) Long Term _ -- 185 - 11-12-02 17 5487 ~- 3,~46 51 - ~ - - 1 .516 85-- - - -- 270 .34 Short Term =- -

- 300 =19 .9876--- - 5,996 .28-___._- 5,7G3 .00___ ,--- (293 .28)

AZTAR CP _ ^ =185 " ---09-05-O1 _- -15 .4500-' - - 2 ;1158 :25 _ =-'2 ;484:55 - --= (373 .70) Long Term 150- _- 10-23-O1-=- 15 6772 --- =-2; .151.58====-=2,014:50 (317 08)- Long Term -160^10_02-02 - 12 .9335 ---2,069̂ 33 2 .148 .80 - - --79 .47 _Short Term_ 100 .__ '11-06-02 -13.4455 - '_ __1, :44 .55 =-- =1,141:00 ~ _---==-'11.551 Short Term -- -

-- --'35"--11-07-02-`~1i-4780'"--'-'ii71-73-- -470-OS----'(1'68)'-Short Term ~ --__ ____610 - : --

_- -Z-: - -14-4372 -------9,1195_44 -:.--.:~----8-460-9o ------' (634 54)_------- -----

-777 BARRA INC OELA -- ' -' '--- - --- --100_-12-_09-02--_ 7:-29 .0500--==2,c,05 .00 ----`2;969.00_- _'64 .00 '_-Short-Term--'----'"

This summary is not part of your account statement-it is log information purposes only and should not 6e used for tax_preparaUOn --_ - - - --- = =

Investments and services are offered through MorQan Stanley OW Inc , member SIPC

MorganStan I ey ACTIVE ASSETS ACCESS ACCOUNT FOR MONTH ENDING MARCH 31, 2003 PAGE 54 OF 42

v a~ GWENDOLYN SEXTON FOUNDATION=====--_ ~ - -- -- --- -- ------ -- ----==mount Number---~.: --

~ w 401 AGNUS DR M o - -- -- - --- - -- - - -- - -------- ------- - - ------ - -------- - --- -------- v - - -- - - -- - - --- - - - - - ---- - ----- --- --------------- - ---- - --- -- ---- ----- -

-- .c M - - - - -=___-- Date=- "=Umt Adjusted =`-_ =Market- ~=Unrealized== _= Addidonal`-==-_ -_ ' - ---- Unrealized Gain/(Loss) : - -- --Ooanbtv-- .-Acauned-- -Cost---- --Toh~l Cost---- ---Value- --=:- Gsin/(Loss) =--= Information- v

1.1'S WHOLESALE CLUB (2,430 :347__Shor-t_T~r~----- - - 190= -O1-27-03= _ = 15 :1951= w'Z-=2 :E87 :07=-==2,147:00=! -=-=-(740 :07)= Short=Ter,_= - ---

-125 03- 1-03- 11 .0000- 1,375.00 1 .412.50 - -57.50- Short-Term _54D_ --__ -"-'---

)ORG WARNER INC -130 _ _ 10-10-02- __46 .2456- 6 ; 011 =94 ~-_ -6;219-20- - _207 .26_ - Short Term ~ -_ --_

lOYKIN LODGING COMPANY -_ _570- 12-17-O1_ __7 .5000-__=-4,161-.00_-=-

:SD TECHNOLOGIES INC 190= - - -03--2-6- 03 12 .2821- - - _2,333.60- =~=-2,276:20- --(57.407 Short Term ~ - --- --

:ARPENTFR TECHNOLOGY -- .215 . 11-15-02 11 .0906-__ -2,584 .50 -_ -2,182.25 -. . (202.25) Short Term 150 O1-2B-03 10 .6741- 1".601 :12- -- -1 .522 :50 - - (70 .62) Short-Tern' - -- ' -- 365 - -_ __ _10 .9195-_--_-__ (280.87) --

:EC ENTERTAINMENT INC "-135= -30-17-02 - 25 .8500-- --S;4E9 :75,'_- --3 ;67S:S5-- --.. _385 :60-- Short'Tars -- --'-- - -- 130- ̀ 10-21-02-- - 26,7332- .' - --S;i75:S2-- -- S .5S7:50----- ' 61:96` Short-Term- -- -- ' -------

- 265 - ---- - - 26 .2835 -_ __ x _6, 965 .07_ _ - _ 7,210 -65---- -245 .56- --- - - ---

:ENTURY ALUMINUM CO - -470- _ 09-OS-_01---- 17 .2000-: - - -8;,)84-.00:---- .2,965:70- -(5;118:507_ Long Term --155 `--02-28-02= = 11 .2418 -- -1,t42 .4E= _----=_978:05=~- -~ 1764 .437 Long Term-: ----- --

--170-_--10-21-02----7 .0000----1,190 .00= -1,072.70----(117.50)--Short-Tqs--------- - 190 O1-27-03 6 .4000 -1-.:16 .00- - - 1 .190 .90-- - (17 .10) Short Term -

gas =_ ---' 12 .4186- --12;.'32 .48- _--- 6 ;21b.S5=_ -----(6,017 :15)=-------_ - . -' '---'--

'IIIAREX ENERGY LO 60-_- OB-12-02 - 17 .6525--___ -1,059 .15 - 1 .167.00 =- 107 .85 Short Term 59- 46-14-02 16 .6472 ' 45.99 ----1 .147 .55 ----- 153 .56 Short Term - --

_- 119 -- -- -- 17 :2533- --'

:ITRIX SYSTEMS INC 270- 07-O1-02-~ 6 .0091 -_- -1,E22.51- _ -^5,553.20- 1,950 .69--=5hort-Tere- , -- - ---

LAYTON HOMES INC DEL . 565 09-05-01 15 .5200- = 9 ;079 :20-- '-' -- 6,458-.4Q-z--- - (2 ;620 :807 Long Term 7 105-~07-19-02 12 .5100 1,313:55 ^ 1,159.20 - - (154 .35)-Short-T~rm- 200 10-04-02 9 .8177 1 .967.54 2,208 00 240 .46 - Short Term- -- - - 890 - ~ 13 .E880'_ - -12 :360.29- - - 9,625 .60' -------- (2,534 .69) - -- ' - . - -

MNTY SK SYST INCORPORATED -65 -01-11-02 27 .5461 --2,324.42 ---2,671 .55 -- ---_:_347 .13 _Long Term -- 215 01-18-02 28 .0235 - 6 .015 .07 6 .757.45 732.58 Lona-Term

300 - -" 27 .8316 -'"'-8 ;3~49:49-----'9,429 .00___

This summary is not par[ of your account statement. if is for information purposes oNy_an i should not be used (or tax preparation . - -- - - ---


}` S lU n I ey ACTIVE ASSET? ACCESS ACCOUNT Morgan FOR MONTH ENDING MARCH 31, 2003 PAGE 35 OF 42

GwEAIIDCYNBERTON-FOUADA _ ^^^ ""^ "".^ ^" 401 AGNUS DR

M C)

Date Unit Adjusted _ Market Ùnrealized _ Additional _ v, Unrealized Gain/(Loss) ' Quantity Acquired Cost Twal Cost - - value - Gain/ILoss1 Information

COTNSTAR INC 80 Oi-21-03 15 .8265 1,266.12 1,343 .20 _ 77 .06 Short Term 75 03-24-03 16 3972 1 .229 79 1 .259 25 29 .46 Short Term ' -- 155 - 16 .1026 = 2,495 .91 2,602 .45 -106 .54

CORRECTIONS CORP OF AMER NEW 95 09-19-02 14 .8101 1,406 .96 1,650 .70 _ _251 .74 Short Term 70 09-24-02 14 .1575 991-.03 1,222 .20 231'17 Short Term 75 10-10-02 14 .4000 1,080 00 1,309 .50 229 .50 Shot Term - 60 - 10-17-02 -- 14 .9988 ----- _899.93-----1,047 60-- -147 .67-- Short-Term - -- 5 10-29-02 15 .3800 .76 .90 _ 87 .30 10 .40 Short Term

135 11-19-02 16 .4277 2,217 .74 2,357 .10 139 .16 Short Term 15 12-09-02 17 .2000 258 .00 261 .90 1 .90 Short Term

455 15 .2320 6,930 .56 - 7,944 .30 1,013 .74 --

CORDS BANKSHARES INC 200 09-05-01 48 .5062 9,701.24 - - 7,982 .00 (1,719 24) -Long Term 40 12-28-01 44 .4967 1,779 .87 1,596 .40 (181 .47) Long Term 25 05-06-02 51 .0500 1 .326 .25 997 .75 (328 .50) Short Term

265 48 .1297 12,807 .36 10,576 .15 (2,231 .21)

CRANE CO 60 10-09-01 20 .8496 1,250 .98 - 1,045 .20 - - - (205 .78) Long Term 155 10-11-01 22 .8229 . 5,537 .55 2,700 .10 (837 .45) Long Term - 30 10-31-01 20 6250 618 75 522 .60 (96 .15) Long Term

245 22 0705 ---!.,407 .28 -4,267 .90 (1,139 .38) _,

DEB SHOPS 350 09-05-01 23 .1946 t"118 .11 6,538 .15 (1,579 .76) Long Term _ - 10 04-12-02 27 1280 271 .28 186 .81 (84 .47) Short Term

160 _ 21 .3039 E,389 .39 6,725 .16 _ - (1,664 .23) _

OEL MONTE FOODS CW ANY 30 12-16-02 6.5396 256 .19 223 .80 (32 .39) -Short Term _610 -12-20-02 7 .6727 =4,680 .15 =4,550 .60 - (129 .75) -Short Term - - ---

80 12-30-02 7 .5900 . 607 .20 - - 596 .80 - _ (10 .40) -Short -Term 70 01-02-03 7.7668 543.68 _ _522 .20 (21 .48) Short Term 55 '-01-03-03 - 7 .9492-" -- "417.21-`--='="410 .30'----~"--(26 .91) -ShortTerm - --- 140 03-18-03 7 6975 1 .077 .66 1 .044 .40 (53 26) Short Term 985 _ _ _ _7.7181 7 .602 .29 _ _ 7,398 .10 - - _ (254 .19)

DELTA B PINE LAND COMPANY -165 - 06-24-02 21 .0500 - -5 .473 .25 - -- -3,730 .65 ------257 .40 -Short Term - 1 -- 120 07-23-02 17 4776 2_097 32 2,713 20 615 .88 Short Term

-285---_ -" -19 .5459- -. .5 570 .57 --- -6,443 .85--- 873.28

This summary is not part of your account statement !t is for information purposes only .ind should not 6e used for tax preparation

Investments and services are offered through Morgan Stanley DW Inc , member SIPC

MorganStaniey ACTIVE ASSETS ACCESS ACCOUNT FoR MONTH ENDING MARCH 31, 2003 PAGE 36 OF 42

Unrealized=-`- Additronal '- _-G~~n//I noel -" Inlnrmnhn~ --- --- -_

GWENDOLYN SEXTON FOUNDATION -::-==z _----_ --- -- ""-"~ - --` 'c o 401 AGNUS DR - - --- -- ----- - -- ----- - --- -- -- - -- ---------

r ~r _ - - - - ------ - -------------- - -- ̀ - _ -_ --_ = Date "'--Unit == ~-Adjusted-

U Unrealized Gain/(Loss) a - _-Quantity= -Àcawred-- -'-Cost-~ -Total Cost --

DYCOM Ilm INC ---=2i5 X05-_02-02-- 14 .8000 -_-==! ,478:00_=_-=2p427 ;55 _ ---_(1;050:45) -5hor_t=Tvm-=: - -'__= 275- _-. 05-09-02--- 15 .7624=_==-5;784 .66=====2;640.7b=~= 943 .91)--- Short -Term- ==Z -- ---20-- -06-15-02 __-12,2220-- --244_44-- - -206,60- ----(37-84f Short-Tars- _-- ~ - __ -----= 2608-- 3,026 :94--_i,047.i5----20.41-_ Short Tyro=

^___

- 130 OS-11-03 ' 9 .2056---' ~-1 :196:71-'--- 1 .542.90------ 146 .17-- Short Term - - - -' 955 = :--12 .2835-

365

_-_-=11 ;730 :77=. - -9-865 15 =_(1_865:62)- - --^_ - -- -

1,603 .99 _ --1,556.65=-_ =~167.i4)~Shor_t T~re__--_ _ 07-22-02- _- 4 .3944:i-____ -560_ . 07-24-02-- 5 .8730._--_--2,168 :88---2,557:60--~ --188.72_-_Short Term-~ ----

- - 100 07-u-02 - 5 .6700- =--- =-567:00= ----421 .00 =-_ =====64 :00-Short Term - - --=- -~ - -_ 235- -07-29-02 - 4 .1300------970.55--- -989.55---------18 .80--Short Term -

-_-2,265 .00 = 5,073.30 -__ -810 .30 Short Tars--- - ------=855 . "-09-SO-02-=- 4 .5112 .'------5 (2S7.611 -. :Short-Term

275 ~O1-27-03 4 .5718 - ---1 202.27-- --1 :157.75- -(44 .52)- Short Term-- - - ----- _-_ -- 3,120= -- - -- 3 .9849__- --__12,452-E5--= --13,135 .20-----702 .35 = ------

==230=-=09--05-01 ==-15 .0000_-_ -3;450 .00_ 2,464 .00 -...Z~ -(966 .00) Long-Term= - ̀ - EL PASO ELECTRIC CO NEW

E TRADE GRP INC

_ _ _ ELECTRONICS FOR IMAGING INC 305 ' 09-05-01 19 .4500 -5,932.25---" _-= 5,395 .14z---__- - --'(537.11) Long Tire - - - -- -- _--55=-- O1-03-D2-- 25 .5780- ---=--818 .23---=-=-- --619 .11====--(199:12) --Lony_Tero=--=--_

210 03-11-02 18 .3845 4 .228 .59 4 .D68 .48 1159 .911 Lona Term -=_'570 _-_ " --19 .2612-._ _-10 ;978 :87 - -10.082.75-_ ---__(896 .14) .

EVEREST RE GROUP LTD - ---100--- 09=05=01 65 .0000---- =6,300_00 - =5,721;00 --====(579 :00) ---Lonp=Tyro-- ;_ ---

FIRST AMERICAN CORP . 145. 12-13-D1_ 16 .6000_ GO_ Long -Term- _~:'_Z__LZ:7 10 - 12-19-O1 - 18 GOOD ̀ -' 00 -'---- 244:00---'----64:00--Long -Term - ---' ---

- --- 155 -_------- 18 .0000- ---2, X90-00----- 3,782_00-----992 .00 --------- ---

GEHSTAR-TV GUIDE INTERNATIONAL _7600- .-0845-02 . 4 .3640. -2, 48:40=--.2,201-.40-- -(417 .00)-Short_Tarn-= --`" - - _==670==== 08-29-02 ===4:1831==~-2;tt02:74 ='==2;458:25` =(344 .5l)--Short Term====-

_- - -745 _-09-06-02 - 3.6855__-= 2,45-70- -2,733 40__----(12,50 )= Short-T~re -------- ---_-_ 735=-_ - 10-09_02 3 .212O_-_=7:=2,!.6O .82 -__--2,696.71-_ __ 535 .89= Short --Term==--

'"' ' - -- _- =480__ .`= 11-25-_02=-= 4 .0200--1;~29 :60--= --1;761:12 -'~-' ( 168:48) -5hort_T~re-- - ---3 .4999=:_-Z-~--597_.47

_ _ ----

- -285 ==-12-06-02 -- ====1;04b:66-= ~-48.19 = Short -Tera =____- -- - - - - 915---12-13-02 - -5 .1253- - 2.P59 .74 ===3,357715 --

This summary is not part of your account statement !f is (or information purposes only ar d should pat be-used !or lax'preparahon --- - ' _-- - --- - -= --

Investments and services are offered thro,.bn IV organ Stanley DW Inc , member SIPC

� , .,

MorganStanley v a+

ACTIVE ASSEIPACCESS ACCOUNT f'OR MONTH ENDING MARCH 31, 2003 PAGE 77 OF 42

N . _ . . _ _ Account Numoer

_. - Date _ _ Unit -- : :: . . . Adjusted- - -- _ Market .-- .' -Unrealized . . Additional Quantity Acquired Cost Total Cost -' Value - ----- Gainl(Loss) Information

_.105 _09-05-_01 . _ 18 .9500 . .620 .05 =Long.Tarm -' -'

'140 - 10-07-02 16.0462 2,246:47 -- -- 2,198.00- (48 .47) Short Term GRANITE CONSTR INC 130 30-21-02 16 .9947 2 .209 .32 2 .041 .00 (168 .321 Short Term _ --

-270 - - - .16 .5029' ~-' 4,455 .79 '" - - 4,239 .00 (216 .79) =-"

GREENBRIER COS INC _ - -715 -_--09-05-01 ' 8 .4500 -- - -6,041 75__ -- -- :5,863 00--- =(178 .75) Long Term --160 ~ 01-09-02 - 7 .0250 - 1,124 00 - 1 .312.00 -188 00 - Long Term

HARSCO CORP

HELMERICHBPAYNE INC

HERMAN MILLER INC

L1C GLOBAL INC

INFO USA INC NEW

JdJ SNACK FOODS

--' 875 -8 .1894 -- .7,165 .75 - ""- -7,175 :00'--_-"' :'-=9.u _-

135 - 11-11-02 26 .8199 _ -5,620 .69 _ -4,116 .15 495.46 Short Term - - - J 80 --11-13-02 - 26 .8492 - - > .147 .94 - ` 2.439 .20- - 291.26 Short Term

-215 - - - .: 26 .8308 _ -=: Ii ; 768:63 -6,555:35- .-Z- '-:786 .72 --' _ - - " ' - ' -

-115-~=08-12-02_ - 26 .4600_-__ -.,042.90-==-_-2,946.30_-----(96 .60) Short Term - _ ----- 110 -08-14-02 25 9610-- --~-7.855 J1 - -- 2.818 .20 -' - -'(17 .511 Short Term - --

- '--

- -220 - 08-02-02 = 16 0969_ -:,541 .32- -5,542 .00 _--. - .68 ,Short Term__ ~- '-150 OS-21-OS ' 16 3320 - --' F .449 .80`--- 2,415,00-- --- - (34 .80) ' Short-Term - --- ---- _____ -370--- -- - -- - 16 :1922 ~5,991a-12--=-'~--5-957 .00::7----:----:=----(34 .12) - '- - -'

915 09-05-01 - 12.2000 - 11,163 .00 -~ 8,802.30--=7--_-_(2,360 .70) _-Long Term - -

425 09-05-01 -5 9500 - 2_528 75 -- - -2,040 :00- - (488 751 Long _Term __ 500 09-26-01 - 4.6130_ - _=2,316-.50-- ----'2,-400.00===-:---83-.50 Long Term

__ . 45_ . _ . 05-31-02 6.6966---- --=.=- 101.35 z=----=-:-216 .00 = - -_ - f 85 .35 ) _ Short Term 550 06-04-02 6.5161 1,583 .86 -- - 2 .640 00 -- 1943 .861 Short Term

1,520 - ---5 .7437-=-=8 ,750 .46 ---= -7,296.00 -=--- (1,434 46) -

85 . 03-04-OS 28.3564 ` _ 2 .410 .30 _ 2,577.20----- . _.166 .90 Short Term -'-

_:--_ -'__---

This summary is not part of your account statement It is for mformation purposes only and should not-be used for tax Preparation -- ---~ -"- - - - - - -- - - - - - -------

Lm z

--

7 u- _ . ._ ..___ . . . _ . . . _ . . . __ .._ . . . . 401 AGNUS DR

v -- -'C 'D U

Unrealized Gain/(Loss) GLACIER BANLORP INC NEW

JACK IN THE BOX INC - 150 --30-11-01 -' ---23-.9281-- - --3 589,22 - -- -2,716 .50 --- -(872_72) __Long Term -125 10-16-01-_-23 .9488_ r-2,993 .61_ - _- _ -:2,263 .75 ::-_--:-:--=7(729 .86) -Long Term - -- -- -

-' - '-_ -=--_70-10-22-01-=23 .9502 (408:821-Long Term _' . - -- - - - - =50-==10-07-02--=-21 :1OC0-====1,055:00 ='_-====905 .50-====:1149.507--Short Term -- ---

- - - - 105 - 12-19-02 16 2000 1,701 .01 - -- - - 1.901 55 - - - X200 .54 Short Term

Investments and services are offered through Mor2an Stanlav flW Inr mamhar Cipr;

~, MorganStan I ey ACTIVE ASSETS ACCESS ACCOUNT y o, FOR MONTH ENDING MARCH 31, 2003 PAGE 3e OF 42

GWENDOLYN SEXTON FOUNDATION v c 401 AGNUS DR

- -- -- - --- - - - ----- - J - - ---- - - -------- ------ - V - .-_-_ -- .. -- -----..-- ------ ---- - ----_ - -- - -- .- ---- -----

-_--_ ~=Date = Unit = - ~ Ad~us[ed-- --Markel- Unrealized =Addrtronal --- Unrealized Gainl(Loss)- ; ---- - Quantity==-=Acawred -= Cost otilCost~--Value7---~--GainIUoss)-=-----tiltormation

L QUINTA CORP 09-05-01 S.ISOD Long-Term---- A

--_ 1,014.00-= =-(182 .25)_ Shork Term . - - -- LEARNING TREE INTL INC _j,296 .25 _- 60 :-_ 09-19-02 _ -15.4956_--20-_ -_f11l .b4)=5hor_t_Tve - -- - '-

=- 14 .8215'= =2, i 42 : 55=~=2,501 .20 - ---'f 241 .1b 7--Short -Term -= ---- - - --185- -:09-20-02 -155- --12-12-02-- 15 .0300---2,:49.65----2,095.60 -(234.05)- Short-Term ----

- 15 03-13-03 ~-12 .2520 - -]BS.7E - --202.E0------19 .02 Short Term 4 -- - 15' -6 624 60 - ' (7 6-971 - -- - -

,-ONE STAR STKHSE 8 SALOON INC -470-- 09-05-01- 12.5950-5,919.69 -~-9,959 SO -4,019 .61 - Lonp-Term---115 O1-11-02 2 .456.85- ---- - 579 .60 Lona-Tarm-

-- _ ` . 585_-_'

iAHITOXOCCO .95 _--10-29-02-----23 .9484---=--=2-,275 .-10 _ _-=-1,596.95_-- -(678 .151 7 Short- Term

vE0QUI5T INC -- ----=- 165-- =01-22-OS_ _ 17 :6720,---------'--2-1915 .B8 --_2,x14:90_.. ---(100 .98) - Short Term -----nc--no_na-es---v ian7 '---I -.a7a-7i-----isoai-oo--------naau-sti." -T. .. .

cou_

iESABA HOLDINGS INC ^- - 960= --09-D5-O1 --_: 9:2800=-- B:5

~--'-----

80.-- -_5 ;307 . - -(3,600.96)~ Long Term - - - -19 1:603-.41-(216,78) Long Term - - - --


- - -- -----1,25Q-----_----- 8 .5832-=-:--__-10,728 .9 =~7:6,911 .25_====:::=(3,817.74)

qACCA INDUSTRIES A =.7- 155---7-09 -05-01 - '- 64:7500=====-10 ;OS6:25- - ___' 7 ;130:00. -~(2,906:25I - Long Term " ---' ---

JGTIONAL SVC ItDS INC NEW 260- - 03-01-02 - E 0800- _2,1DO ;E0,- -_1,541.60-- --(759 .20) __Long 'Term- -----

JCI BUILDING SYSTEXS INC ' - 90- - - 03-06-02 - 22 .9000=-- -2:061:00' - L,S95:90=- ==(665 .107 LonO-Tero - --'--- -50 04-01-02 - 22 .6000 --1,15D.00- 77S-. 50 (354 -.SO) -Short' Term' u0 ' - 04-02-02 22 .8021_ _5,7)0.53 -- - 3,877.50 :7_=:=- (1,823 .03) --Short Term - - ----90 _ 07-17-02 . 15 .7400 (20 .70) _Short Toro - - - ---60" 07-19-02 16 .1000 -- -9~i6 .00 --" - `- 910 .60---' - 115.401'-Short Term -- ------

540 - - 20 .8780 = 11 .274.13 - -- 8,375.A0 ------

7FFICEMAX INC 410 07-05-02 5.2895 . 2 .1u8.70 _ 2,111.50_' -- (57 .20) Short Term -- - -. 405 07-15-02 4.8559 3 .9~~5.E3 - 2,08575 '1- -'"- 114 .92 Short Term ------

815 _ _ 5 .0730 - - 4,154.53 4,197.25------ 62 .72 -- --

]SHKOSH B GOSH CL A - - 95 O1-22-05 25 .7152 -----2,4Q:76 --== 2,470.00---- _: --27 .24 :Short-Term ' --' '-'-'--

This summary is not part of your account statement It is for information purposes only and should not be used for tax preparatron.-

MorganStanley ACTIVE ASSETS ACCESS ACCOUNT

75 08:23- 02 28 .9410 2 .170 .73 - - 2 .154,00 - (16 73) Short Term 315- --- -- - 26 .1315 ----8,231 .42

TOMMY NILFIGER-CORPORATION __ --200 - 04-10-02 - 16 .0000 - -3,200 .00 ---' --1,546.OD-_--_ (1,754 .00)---Short-Term - - - - - -

This summary is not part of your account statement.!! is for information purposes only and should not be used for tax preparation

Investments and services are offered through Mxgan Stanley DW Inc , member SIPC

v o1 FOR MONTH ENDING MARCH 31, 2007 PAGE 39 OF 42 r

GWENQO YN 8ER10N-FQURD ~__7 . . _ - -Z:-7- rrounF7~bef v 407 AGNUS DR - - -- -- - - - -- - - ------------ .c ac .. _ _ - - - - - - -- - -- ~ - -

-- - ' ---- -- - v '- - - --- -- - - --- - - -- - I .Date _ _ Unit- _ _Adusted Market ~_- ---:-Unrealized . Additional

Unreah2ed Gain/(Lost) " - Ouantrtv Acquired Cost - -To(al Cost Value -_ GamlILossl Information _--

OSHKOSH B GOSH CL A 105 01-30-03 24 .2782 :,549.22 - 2,730 00- = 180 .78 Short Term -- 55 02-03-03 23 9518 2 .317 .35 - 1,430 00 112 .65 Short Term --__--255 24.7425 E,309.33 - ' 6,610 .00 320 .67 --

PACIFZCARE FILTH SYS INC 215 02-19-03 22.0785 _ 4,746.88 ^5,190 .10 ~ _ 4443 .22 Short Term 5 02-20-03 22 .2000 "- "111 .00 120 .70 " - 9 70 Shot Term

220 22.0813 4,857_88 - 5,310 .80 - _ 452 .92 -- _-=I

PLATINUM UNDERWRITERS FLDGS _ 60 ~ 11-15-02 25 .8900 1,553.40 .___ 1,521. 00 (32 .40) Short Term 35 11-18-02 25 .5000 892.50 '-- - 887 .25 (5 .25) Short Term 95 - 25 .7463 - - 2,445 .90 - - 2,408 .25 - - -- 137 .657

.- PRECISION CASTPAI7TS . 230 09-05-01 34 .6900 7,978 .70 5,480 .90 (2,497 .H0) Long Term

75 ~ 09- 23-02 21 . 7500 ' - --"1 631 25 ---'---3 . 787:25----"- ""156-00 -Short Term -_= 305 - 31 .5080 _==9,609.95

PUGET ENERGY INC(HLDG C0) 25 12-26-01 21 .6155 . 540 .39 ~ . 532 .75 (7 .64) Long Term - 120 01-09-02 22 .8100 2 .737 .20 - 2,557 :20 - (180 .00) Long Term -= - 35 03-21-02 20 .0500 701 .75 745 .85 44 .10 Long Term 50 03-21-02 20 .0500 1 002 50 1 .065 .50 61 .00 Long Term 230 -21 .6602 4 981 .84 . - 4,901 .30 (80 .54)

SPINNAKER EXPLORATION COMP 95 10-51-02 19 .6927 1 870.81 1,844.90 125 .911 Short Term 90 11-05-02 19 .9248 1,791 24 1,747 .80 (45 .44) Short Term ,. 90 11-14-02 21 .5773 1,941 .96 1,747 .80 --(194 .16) -Short Term 55 03-72-03 17 .4867 961.77 1.068 10 106.13 Short Term

330 _, 19 .9024 _6,567 .78 __ _6,408.60 (159 18)

SYNOPSYS INC -158 09-05-01 15 .6526 -2,47311 -- -6,726 .21 -_ " - --4,253 10 Long Term - -- 6 09-10-01 12 3066 73 .84 -255.45 181 59 Long Term

164 __ 15 .5302 _2,546 .95 6,981.64 -- . 4,434.69

TIDEWATER INC 140 - 07-24-02 - 25 .8280 - 3,615.92 - - - -4,020 .80 404.88 Short Term - - 100 _ -OB-02-02 24 .4477 2,444 .77 2,872.00 -427 .23 Short Term

ACTIVE ASSETS ACCESS ACCOUNT FOR MONTH ENDING MARCH 39, 2003 PAGE 40 OF 42

MorganStanley ~ "- GWENDOLYN SEXTON FOUNDATION=:-- Number =__-y 0 401 AGNUS DR ----t o+ - - - - - -- - -- -- . _ -- --- --- - -_-- --- .-- -- - _ -----_ U - -- -- - ---- --- - -- - -- - -'----------- ---- ------- -- ---- -- - -- --- ---

-- -~ - - -=Date== = Unit -_ =Ad~~s[ed Markel Unrealized -=Additional -= _ __=-=--Unea11ZEd Gain/(Loss) - .--- ~ Qua ntdv==7 -Acavired - - Cosl -_ =-Total Cost-- ----- Value 7_= --- -GamllLossf-=J-Inlormatron ---

TOMMY HILFIGER CORPORATION -- " "170 .-".'04-22-02-_ -15:8965--2;702:92 --1;229:10_--(1;473 .321 =Short-Term_- __ . . ~-195-=09-17-02= = 10:7937==2;104:79---~1;409:Bb= ̀ ---(694 .94)=Short=Tyro-=~ _ -- ---

210 10-00-02 7 .5130 1 .577.75 ~- 1 .51E.30~ f59.43)Short Term ' =_ .-775---

TRANS-WORLD ENTERTAINMENT CORP - 320- 09-05-01 8.5015-=====2,721:12'-===736.00- -(1,985 .12) Long Term - ------225--- OS-14-02 7.9000- ~ - 1.777 .50- 517.50- ~ (1 .260.00) Lona Term _

--- X545_ ----

TRIARC COS INC CL A DE 270- -- 09-05-01 - 24.9900--=---6,747 .30~==7-519 .50- -772 .20-,=Long Term

U .S FREIGHTNAYS CORP . ' 110 . 09-D5-01 36.2900- _ = 3,991 .90_- - ' 2,764 .10 - (1,207 .801 _Long-Tare__ --------

VGLASSIS COMMUNICATIONS INC 160-_ 02-26-03= 22 5811-----_3:612 .99- -- -4,224 .00---- --611 .01- Short-Term= _ -- 7-

WASHINGTON FEDERAL INC _. .-.574 . 09-OS-Ol .' 20 .9777_- -12 ,041 .25 3S.71 --Long -Term

HELLSFORD REAL PPTYS INC - ---- 505- --09-05-01u=-19 .9900=-'-10,094_.95_--=1-_-_=7;332 .60 ===(2,762.35) Long -Term-

WORLD WRESTLING ETMT INC _._--09-_05-_Ol _ . 11 .7100._- -4, 532 .70 ~ -- 2,834 .20- + (1,498 .50)-_Lony_Tero_- . -

.r . .. .-.n ~i~.' . ~ . ._4 . "~462~~ey41c

The 'Total CosC and 'UmtCosC for Fixed Income Unit Trusts-, Mortgage-Backed Securities- ,and Zero Coupon Bonds has ~ - -- =-- __----been adjusted to relied any partial return of principal or capital that may have been paid to-yo u; or accreted-tnterest :=-- --- - -- _

_ earned, since your purchase date In the. event that the accumulated total-return-of principal or-cap ital is greater-than --the provided original cost, the adiusled cost will 6e '0 00' - ---' _-_ --- - -- ---"- - ' --- -- "- ' -`

-' ' - - Date _ Date ._-- -Realized '_ -Additional- Realized Gam/(Loss) - - - Quantity "- Aeaurred" '-Sold "-"--Total Cost --"'-'Proceeds ---'-Gain/(Loss) --' -Information '~-- -'-

Short Term -

UTRSX SYSTEMS INC - 60- Ob-28-02 O1-14-Oi-- ~=-- ==:67:12- =_ =---6E1 :98=-===-=-514 :66--5hor{=Term - - - -=-__ CITRIX SYSTEMS INC ---170; -- D7-01-02 =01-14-03- --X20,65 ~ _1,02E 97_ 608 .52 - Short-Term=_- -CSTRIX SYSTEMS INC .02-16=05 _-507 .25-Short=Tere-.__- E TRADE GRP INC - - ------- 700 -.--_:-- 07-22-02 . O1-14-OS _ --3;[76 .14=__3,807.88- -731.74 _--Short-.Term NASH FINCH CO =- - --- -- - ==20 =_= 09-24-02 - 02-24-03--== :00:96 =---= 108:16=7---=(192 .80 )'= Short Term� ' ----NASH FINCH CO 215-- ~- 10-07-02-:02-24-03 __-2,845.24---1,270.83- (1,572 .41) _Shor_t Terq=- --NASH FINCH CO - - - - --25 =--'=_10-07-02- 02-28-03 __--302 .47.-- _-120,05__ -(162 .427= Shor_t_T~re_-:- NASH FINCH CO - -- '- - ' -140 10-16-02 D2-28-03 1,874-.80----672.26-----7(1-1202 .S4)- Short~Torm -----

This summary is not part of your_account statement ft is for information purposes only and should not be used log tax preparation - - --- - - - -

Investments and services are offered thro�bn tvlorgan Stanley DW Inc , member SIP[

MorganStanley C WENDOLYN SEXTON FOUNDATION

r ~ w. v o

Type of Portfolio : Smaller Aggressive Equity

Realized Capital Gains/Losses April 1, 2002 through Mash 31, 2003

Sale information Purchase Information

. .r .l .r F. r't F t - IMO~mv,m oomamed horeln k 6asad al da~a+LaY,~d fr9m'murn~ EaGorad m ho rallafile, inxwa :wt~iannol rtake iePmrenpYdi as p Itsx auacyucamPlemeass-7ldc ls'rotanoMIOY'suumsrndYeuraocdin.AM'ronlacw5lstamimnueoraeWiesònlyariein-- ` .. '

` ndnfen wiarc "w-b nurgo wnaut '&" Pau PaAo~ _ls ro panreao d fuuwo msuhs, lirvoumeme and oeMcaa aii ullsreE ihroiq Slinky OWLrc .~ memoor5lPC: .'=

c Sepeiately Managed Account-1-825 Third Avenue 1 New York NV i1Np2 " --°-- -=~- - -- I - 1 - - - - " ` -

Investment Consulting Services

Investment Manager: Anchor Capital Advisors

Per Total Per Realized Ouantitv Security Description Date n Cost Dat Unit Proceeds Ga in o

SHORT-TERM QAIN/(LOSS) TRANSACTIONS 292 ADELPHIA COMMUNICATIONS A 10-03-01 23 77 6,939 87 9-02-02 11 78 3,939 65 (3,500 22) 29 PROGRESS ENERGY INC 9-O5-O1 92 98 1,231 92 9-04-02 49 50 1,435 95 203 53 278 ROWAN COMPANIES INC 9-O5-O1 15 .70 4,364 60 9-25-02 25 71 7,146 99 2,782 34 130 AMERISOURCEBERGEN CORP 9-O5-O1 66 29 8,611 20 6-13-02 78 57 10,214 47 1,603 27 213 WATSON PHARMACEUTICAL INC 9-O5-O1 56 .71 12,079 66 7-11-02 20 O8 4,276 40 (7,803 26)

301 FIRST INDUST REALTY TR INC 9-O5-O1 31 .90 9,601 90 7-29-02 31 .03 9,339 71 (262 19) 70 NEWMONT MINING CORP (NEW) 11-29-01 19 77 1,384 18 9-19-02 28 71 2,009 40 625 22

181 ANGLOGOLD LTD ADS 12-04-01 16 92 3,062 21 9-30-02 27 13 9,910 13 1,847 92 586 XEROX CORP 5-24-02 9 09 5,327 15 10-02-02 5 15 3,018 15 (2,309 00) 591 SIERRA PACIFIC RES NEW 4-24-02 8 69 5 .137 .74 11-21-02 6 11 3 .611 .25 (1 .526 .49)

TOTAL SHORT-TERM GAIN 7,062 28 TOTAL SHORT-TERM LOSS (15 .401 .16)

TOTAL SHORT-TERM 57,740 .43 49,901 55 (8,338 88)

LONG-TERM QAIN/(LOSS) TRANSACTIONS 343 APOGENT TECH INC 9-O5-O1 25 16 8,629 88 9-09-02 20 O5 6,876 99 (1,752 99) 15 TALISMAN ENERGY INC 9-O5-O1 39 37 590 55 10-11-02 39 .10 511 59 (79 .01) 6 TXU CORPORATION 9-O5-O1 47 71 286 26 10-18-02 11 .28 67 70 (218 .56)

30 DIEHOLD INC 9-O5-O1 37 65 1,129 .50 10-18-02 34 30 1,028 96 (100 54) 61 TALISMAN ENERGY INC 9-O5-O1 39 37 2,401 .57 10-31-02 36 40 2,220 92 (181 15)

0 CITIGROUP INC 9-O5-O1 00 .00 11-O8-02 00 3 07 3 .07 329 GOLDEN STATE OPT-B STOCK 9-O5-O1 00 .00 11-08-02 6 37 2,095 13 2,095 .13 274 CITIGROUP INC 9-O5-O1 36 OB 9,886 45 11-11-02 35 58 9,747 88 (138 57) 57 TXU CORPORATION 9-O5-O1 47 71 2,719 47 12-02-02 15 27 870 52 (1,898 .95) 149 TXU CORPORATION 9-O5-O1 47 71 6,870 29 12-03-02 15 53 2,236 51 (4,633 73)

220 DIEBOLD INC 9-O5-O1 37 65 8,283 00 1-09-03 91 87 9,210 .92 927 .92 357 ALPHARALs, INC CL A 9-O5-O1 31 11 11,105 34 1-29-03 16 57 5,915 20 (5,190 14) 125 TALISMAN ENERGY INC 9-O5-O1 39 37 4,921 25 1-30-03 38 16 4,770 51 (150 79)

MorganStanley C WENDOLYIV SEXTON FOUNDATION

v o r N Type of Portfolio :

Smaller Aggressive Equity U:

Realized Capital Gains/Losses April 1, 2002 through March 31, 2003

Sale information Purchase Infc=ation

- ' iMOimvaon oont*iE harem k mead un Eeuma4~ lrm+soucae tiefinoE p ho rdlada. noxaver, wa'iannm rtnAo roPsienntwmas a Is~eoarzY arcamP~m~w7NS i~;~ iii dlrJp swamem d your saamJMYnonlac" nammeme ~umw'aiN aamsm~ ~` . gyp . nfw eat 'am w6i4cmo Wii a xihan liars ,PaN~wAnmimce b in amsa d Nwra rewY6lmeiuromc3nE sbMus are'oqerod llrtouCh Morpy, 51aNBYM t,r. . , . ~"-- . . . . .. . . - . . . ._.

Sft r _ . 0 Par _ ,'i~w,_6qi ~p " . .. . c . .. . . _ . . .,~

-,Separately MenaOed AcCOUnti 825Thdd Av"~nuA I NewVnrk0 NY, 10022


Investment Manager: Anchor Capital Advisors

Per Total Per Realized Ouantitv Security Description Date Unit Cost Date Unit Proceeds Gain or (Loss)

LONG-TERM GAIN/(LOSS) TRANSACTIONS 393 MANULZFE FINANCIAL CORP 9-05-01 29 .13 9 .992 .76 3-17-03 24 94 8 .555 .36 (1 .937 .40)

TOTAL LONG-TERM GAIN 3,025 62 TOTAL LONG-TERM LOSS (15 .731 73)

TOTAL LONG-TERM 66,816 27 54,110 16 (12,706 11)

TOTAL ACCOUNT GAIN/(LOSS) 129,556 70 103,511 71 (21,099 99)

GWENDOLYN SEXTON FOUNDATION

.o o Type of Portfolio : Smaller Aggressive Equity

Realized Capi1 al Gains/Losses April 1, 2002 through March 31, 2003

Sale information Purchase information

IMOrmwm owamd IiemM aMe<d an Gu aMa6oE homsaureibolfwad mLe relfada,' Mrwar,`~ fannei makoìePresenra~on at p rti SauS~Y ei 26mpfeneste lTrt[s mt an aNFlalsw(rtiin d Y6.e oaeM My nmlaeiuel seatsnrns tor6oimes`mij arrant - '-=ndNw'wtanW6feuurhanp~wMuindco :Pau _-

.c. . .. _ p° P~ano~ d Weva Ietuhc liwruna~& enda~rc~c an dlamd thw0, 4WpaF_~anYY OW Imp ioriSarSIPC.~ ' . . . ._

-' SeParatelV Menaned Acmunf-I A95=IhIM Avoniia I NPiiPYArir " NV 10022

MorganStanley Investment Consulting Services

Investment Manager: Brandywine Asset Management

Per Total Per Realized Ouantitv Security Deccrio ion Da n Cost Da te fixProceeds Gain or ( LOSS)

SHORT-TERM GAIN/(LOSS) TRANSACTIONS 45 EDWARD LIFESCIENCES CORP 9-O5-O1 26 00 1,170 00 4-09-02 27 .40 1,232 96 62 96

110 EASTGROUP PROPERTIES INC 9-O5-O1 22 15 2,436 50 4-10-02 25 75 2,832 41 395 91 40 COLONIAL PROPERTIES TR ALABAMA 9-O5-O1 30 11 1,204 40 4-12-02 37 .16 1,486 23 281 83 66 FIVE STAR QUALITY CARE INC 1-02-02 7 26 979 16 4-12-02 7 10 468 58 (10 .58) 50 LEAK CORD 9-21-01 24 04 1,201 98 4-16-02 49 90 2,469 91 1,267 .93

65 MESABA HOLDINGS INC 9-O5-O1 9 28 603 20 4-16-02 8 90 578 98 (29 72) 5 LEAK CORP 10-04-01 28 18 140 89 4-17-02 49 .17 295 89 109 95

10 LEAK CORP 9-21-01 29 09 240 40 4-17-02 49 17 491 .68 251 28 95 COLONIAL PROPERTIES TR ALABAMA 9-O5-O1 30 11 1,354 95 9-18-02 35 32 1,589 54 234 59

775 PC-TEL INC 9-O5-O1 7 84 6,076 00 9-26-02 7 70 5,967 .32 (108 68)

115 COMMERCIAL FEDERAL CORP 9-O5-O1 25 30 2,909 50 4-29-02 28 .50 3,277 96 367 96 195 CSG SYSTEMS INTL INC 3-28-02 29 09 5,672 63 4-30-02 26 .83 5,231 61 (441 02) 50 LEAK CORP 10-04-01 28 18 1,408 85 5-02-02 52 .42 2,621 19 1,212 .29 95 LANCASTER COLONY CRP 9-O5-O1 32 75 3,111 25 5-06-02 38 93 3,650 .58 539 33 55 LEAK CORP 10-09-01 28 18 1,599 74 5-07-02 50 72 2,789 46 1,239 72

100 RENT-A-CTR INC 10-09-01 19 98 1,998 49 5-09-02 58 93 5,892 .84 3,894 35 5 BROADWING INC 9-26-02 6 75 33 74 5-22-02 3 03 15 15 (18 59)

490 HROADWING INC 4-25-02 6 94 3,401 48 5-22-02 3 03 1,484 70 (1,916 78) 510 HROADWING INC 4-22-02 6 77 3,950 56 5-22-02 3 .03 1,545 30 (1,905 26) 540 BxOADWING INC 5-07-02 6 47 3,992 29 5-22-02 3 .03 1,636 20 (1,856 09)

510 METHANEX CORPORATION 1-09-02 5 70 2,907 90 6-03-02 8 81 4,991 02 1,583 .62 175 EDWARD LIFESCIENCES CORP 9-O5-O1 26 00 9,550 00 6-03-02 23 60 4,129 89 (420 11) 100 BRIGGS & STRATTON CP WISC 9-O5-O1 37 20 3,720 00 6-O5-02 38 03 3,802 50 82 50 0 SYNOPSYS INC 9-O5-O1 15 .69 7 13 6-07-02 50 37 22 92 15 79 155 WESTAR ENERGY INC 9-O5-O1 18 .38 2,898 90 6-11-02 14 95 2,317 18 (531 72)

195 WESTAR ENERGY INC 1-09-02 17 15 3,394 50 6-11-02 14 95 2,915 16 (429 34) 85 CNF INC 12-18-01 32 10 2,728 50 6-20-02 36 19 3,076 30 397 8O 60 SYNOPSYS INC 9-O5-O1 15 65 939 16 6-21-02 54 .50 3,269 90 2,330 79

CWENDOLYN SEXTON FOUNDATION Q) r- r

'c o Type of Portfolio : r c.~ Smaller Aggressive Equity


Purchase xnfo=macicn Gale Information

---;z, "~Martnviarom~5hiadlarddts6oeadmdau-a7~s~sdliammucas6oberednLe~el~olwwar :wacarv~amak~nP~4cuoiiesmSnaccivacYOlwnp~4nmi.Jhk±e~iiocan'oLldahcuronridd9- raoiwmMY~p!Iemi5lmmmenrccoi4~wdi'dnIYEuttsm .=R-`,'-`%1

opnfo~i~iFna~ eu6jsra_~q ilan~ vmhow naco Aau MASrtror¢altrro9~rense d IuWa reaihc lirvsumems uW saniEee aro ellond ~nruu i - OWlnc~ mein~i IPG ---- - . . . . - . . . .. ...`-""4$~ c"~f . . .. . -" t",", "- "-:," ` . ..~ ''.

Senarqtelv MHnanwf Arrrntnf%1 R9S-'ihlM-avo~~~e i nb~r. vnr4 Pry ~(xY17--- ------"- - ~ - = = -= - - "-- =;1


Investment Manager : Brandywme Asset Management

Per Total Per Realized - Quantity Security Description Date Un i t Cost Date Unit Proceeds Gain or (Loss)

SHORT-TERM GAIN/(LOSS) TRANSACTIONS 230 EASTGROUP PROPERTIES INC 9-O5-O1 22 15 5,094 50 6-27-02 25 O5 5,762 03 667 .53 30 BLACK SOX CORP 4-18-02 47 00 1,410 00 7-03-02 38 45 1,153 95 (256 55) 95 BLACK BOX CORP 4-22-02 47 74 4,535 41 7-03-02 38 45 3,652 61 (882 8O) 75 CNF INC 12-18-01 32 10 2,407 50 7-O5-02 36 77 2,757 66 350 16

100 IDACORP INC 6-O5-02 27 81 2,780 71 7-O8-02 27 06 2,705 72 (74 99)

310 CASCADE CORP 9-O5-O1 12 80 3,968 00 7-09-02 15 16 4,699 O5 731 .05 175 MAIL WELL INC 6-O5-02 5 29 925 75 7-11-02 2 .29 400 93 (525 .32) 75 CNF INC 12-18-01 32 .10 2,407 50 7-12-02 36 40 2,729 91 322 91

105 MAIL WELL INC 6-O5-02 5 29 555 45 7-12-02 2 .55 267 92 (287 53) 255 MAIL WELL INC 6-13-02 5 10 1,301 14 7-12-02 2 55 650 66 (650 48)

135 CASCADE CORD 9-O5-O1 12 80 1,728 00 7-23-02 13 50 1,822 94 94 99 190 COMMERCIAL FEDERAL CORD 9-O5-O1 25 30 4,807 00 7-23-02 23 22 4,410 98 (396 02) 150 EARTHLINK INC 2-19-02 8 99 1,265 40 7-24-02 5 03 755 12 (510 28) 130 UGI CORPORATION NEW COM 4-15-02 32 00 4,159 97 7-29-02 26 79 3,482 .07 (677 90) 60 KINDRED HEALTHCARE INC 1-31-02 40 06 2,403 .80 7-24-02 32 20 1,931 94 (471 .86)

225 ANNUITY AND LIFE RE HLDGS 9-O5-O1 35 20 7,920 00 7-26-02 6 .14 1,381 95 (6,538 .55) 35 BALL CORPORATION 9-O5-O1 28 12 984 03 7-29-02 41 50 1,452 .58 468 .55 65 EAATHLINK INC 2-21-02 8 73 567 .45 7-31-02 4 78 310 69 (256 76)

100 EARTHLINK INC 4-23-02 7 66 765 71 7-31-02 4 78 477 .98 (287 73) 145 EARTHLZNK INC 2-19-02 8 49 1,223 22 7-31-02 9 .78 693 .08 (530 .14)

70 BALL CORPORATION 9-O5-O1 28 12 1,968 O5 7-31-02 43 02 3,011 30 1,093 25 345 FOUNDRY NETWORKS INC 2-28-02 5 .62 1,938 31 5-06-02 7 90 2,725 .41 787 .10 80 BALL CORPORATION 9-O5-O1 28 12 2,249 20 8-07-02 95 65 3,651 .89 1,402 69 50 PILGRIMS PRIDE CORPORATION 12-28-01 13 .74 687 O8 8-08-02 8 55 427 99 (259 59)

415 PILGRIMS PRIDE CORPORATION 9-O5-O1 19 .60 6,059 00 B-O8-02 8 55 3,548 14 (2,510 .86)

90 BALL CORPORATION 9-O5-O1 28 12 1,124 60 8-09-02 47 45 1,897 99 773 34 15 CALLON PETROLEUM COMPANY 9-18-01 7 .30 109 .50 8-16-02 3 94 59 .09 (50 91)

175 EL PASO ELECTRIC CO NEW 9-O5-O1 15 00 2,625 .00 8-16-02 11 75 2,055 50 (569 50)

r Type of Portfolio : ,D o

v Smaller Aggressive Equity .C cn Realized Capital Gains/Losses April 1, 2002 through March 31, 2003

Purchase information Snle Information

SHORT-TERM GAIN/(LOSS) TRANSACTIONS 185 VINTAGE PETROLEUM 9-O5-O1 18 36 3,396 47 8-20-02 10 .52 1,947 O1 (1,949 46) 130 VINTAGE PETROLEUM 9-O5-O1 18 36 2,386 71 8-27-02 10 69 1,383 06 (1,003 65) 165 PUGET ENERGY INC(HLDG CO) 12-26-01 21 62 3,566 57 8-30-02 21 79 3,586 .73 20 16 65 HALL CORPORATION 9-O5-O1 28 12 1,827 48 8-30-02 49 75 3,233 .65 1,406 17 55 VINTAGE PETROLEUM 9-24-01 15 22 837 10 9-O5-02 10 13 557 18 (279 .92)

145 VINTAGE PETROLEUM 9-O5-O1 18 36 2,662 .10 9-O5-02 10 13 1,468 .93 (1,193 .17) 540 CITRZx SYSTEMS INC 6-28-02 6 .12 3,304 .09 9-06-02 6 06 3,272 .68 (31 .41) 110 CALLON PETROLEUM COMPANY 9-28-01 6 45 710 .04 9-16-02 3 68 405 .13 (304 91) 710 CALLON PETROLEUM COMPANY 9-18-01 7 30 5,183 .00 9-16-02 3 68 2,614 .91 (2,568 .09)

0 CZMAREX ENERGY CO 9-30-02 00 00 9-30-02 00 8 09 8 04

115 CASCADE CORP 12-06-01 10 .39 1,195 16 9-30-02 14 06 1,616 .40 421 .24 80 UGI CORPORATION NEW COM 4-15-02 32 00 2,559 98 10-04-02 36 90 2,952 39 392 41 40 BALL CORPORATION 10-19-01 30 60 1,224 10 10-07-02 98 .04 1,921 69 697 .54 205 t3CSI INC 2-27-02 10 72 2,197 66 10-O8-02 4 69 962 30 (1,235 36) 230 MCSI INC 3-01-02 10 .62 2,441 75 10-08-02 4 69 1,079 66 (1,362 09)

415 MCSI INC 2-27-02 10 72 4,448 .92 10-O8-02 9 69 1,948 07 (2,500 .85) 5 KINDRED HEALTHCARE INC 1-31-02 40 06 200 32 10-11-02 13 .06 65 .28 (135 09) 25 KINDRED HEAI.THCARE INC 3-07-02 39 28 981 92 10-11-02 13 06 326 .42 (655 50) 40 KINDRED HEALTHCARE INC 6-21-02 43 .99 1,759 74 10-11-02 13 06 522 .26 (1,237 48) 70 KINDRED HEALTHCARE INC 2-01-02 39 52 2,766 29 10-11-02 13 06 913 .96 (1,852 33)

75 KINDRED HEALTHCARE INC 3-O5-02 39 32 2,949 04 10-11-02 13 06 979 .25 (1,969 .79) 100 CHILDRENS PLC RETAIL STORES 7-26-02 23 .88 2,387 67 10-18-02 8 00 800 14 (1,587 53) 125 CHILDRENS PLC RETAIL STORES 7-31-02 18 31 2,289 .09 10-18-02 8 00 1,000 17 (1,288 .92) 180 CHILDRENS PLC RETAIL STORES 7-31-02 18 20 3,276 .00 10-18-02 8 00 1,440 29 (1,835 .76) 120 UNITED ONLINE INC 3-O5-02 7 03 843 .73 10-22-02 12 99 1,498 .88 655 15

15 FOUNDRY NETWORKS INC 4-23-02 5 8O 86 .95 10-24-02 7 18 107 69 20 .74 280 FOUNDRY NETWORKS INC 2-28-02 5 62 1,573 12 10-24-02 7 18 2,010 .25 937 .13

5 7 ELEVEN INC 6-14-02 8 21 91 06 10-28-02 8 00 40 .00 (1 06)

iMOiirroTOn aamehi9d norsln Is_heeod cn aaiaa~afnia from swnoes 6e6ered eo 6s-isllaLr liowaua%wr tenia~ m3k6 ispFseunnpan-es m ~macoiiec/ aem~yemome lYdsie ;ro' j n 3A16W eunm~m-dYO!iraceouiu . ..l+l roManuSliumimnro omeurie»'mH auram, e _ ed~ns~linan eaElsd id daiqa wahow nal~.Pwy~Aamianm 1e ro ymianio d Vew~ ieahw Imoum~ms_ud-wiiAuuie dlerorod ~Awy, Morpart5~ardsy DW one, ntimtiaSIPC , *, -'- _ . ' .c . . . . : 'v + -- _ . " . _. . . _.

'L'-1 "ZZC:- .=1 3epatalely Menaqed Account I R25,k`Thlrd Avemre9 NawYnrk NY 10022

MorganStanley CWEIVDOLYN SEXTON FOUNDATION


Investment Manager: Brandywme Asset Management

Per Total Per Realized Ouantitv Security Description Date Uni t Cost Date Unit Proceed Gain o (Loss )

-0 0 Type of Portfolio : r v Smaller Aggressive Equity V


Sale Information Purchase infonoation

Inloniu0m`conunoE hurdn k mead m Eau"eda" Iran R~~ InNSnd is Ee4WaHrla~w~ei. rv ranroi make roD~cvWr es n ;s amrtaeY-ei'anP~epnri THS i~5ioi enpOfdd eummem BYyoue erair`~M~ nonlawN siaiemona mne e6Nr~urM~ .I .2i~'~" { ., . . . ., . , ~ " c adnav ~ arCsu ra a ~ ~. -4w+m _

. .. . ., . . ~ . . . .. . . . . . . . . . . . . . . . ..._ .. . . . .. ' _xv E~ _ . W.qs w3lwt iw~Fn.Pau PeAOmaire k re -= wet Wnx~_r~Ju. Inveumeme_hnE'wnYii

SePeretalV Menadad'ACcoudt .l 825'fhird A'venu4-1l '-----:?.

MorganStanley u, GWENDOLYN SEXTON FOUNDATION



Per Total Per Realized Ouantitv Security Descripti on Date n Cost Date Unit Proceeds Gain or (Loss)

SHORT-TERM GAIN/(LQSs? TRANSACTIONS 35 7 ELEVEN INC 5-28-02 8 55 299 39 10-28-02 8 00 279 99 (19 .40)

290 7 ELEVEN INC 6-06-02 8 .53 2,974 28 10-28-02 8 .00 2,319 .93 (159 35) 360 FOUNDRY NETWORKS INC 4-23-02 5 80 2,086 74 10-28-02 7 76 2,793 26 706 .52 55 UNITED ONLINE INC 3-O5-02 7 03 386 71 11-04-02 12 .16 669 .07 282 36 45 UGI CORPORATION NEW COM 9-15-02 32 00 1,439 99 11-06-02 39 89 1,795 26 355 27

165 FOUNDRY NETWORKS INC 9-23-02 5 .80 956 .42 11-12-02 7 .26 1,198 59 242 17 65 FOUNDRY NETWORKS INC 4-23-02 5 80 376 77 11-14-02 8 .31 539 .83 163 06

195 FOUNDRY NETWORKS INC 9-30-02 5 92 1,056 04 11-14-02 8 .31 1,619 48 563 94 310 FOUNDRY NETWORKS INC 10-O8-02 4 17 1,292 30 11-14-02 8 .31 2,574 56 1,282 .26 435 CITRIX SYSTEMS INC 6-28-02 6 12 2,661 63 11-27-02 11 74 5,105 78 2,994 15

180 CITRIx SYSTEMS INC 6-28-02 6 12 1,101 36 12-03-02 12 .70 2,285 93 1,189 .57 10 METH7iNEX CORPORATION 1-09-02 5 70 57 O1 12-09-02 8 .70 87 .00 29 .99

175 METHANEX CORPORATION 2-11-02 5 70 997 50 12-09-02 8 .70 1,522 .95 524 95 215 CITRIX SYSTEMS INC 6-28-02 6 .12 1,315 52 12-19-02 13 .05 2,806 .78 1,491 26 95 NATIONAL SVC INDS INC NEW 3-01-02 8 08 767 60 12-19-02 7 .63 725 13 (42 97)

25 METHANEX CORPORATION 2-14-02 5 60 140 00 12-30-02 8 33 208 19 68 19 440 METHANE7C CORPORATION 2-11-02 5 .70 2,508 00 12-30-02 8 .33 3,664 07 1,156 .07 35 CNAITY 13K SYST INCORPORATED 1-11-02 27 35 957 .12 12-30-02 32 00 1,119 96 162 84

230 UNITED ONLINE INC 3-O5-02 7 .03 1,617 15 1-03-03 16 56 3,809 26 2,192 11 30 UNITED ONLINE INC 3-O5-02 7 03 210 .93 1-06-03 16 79 503 .67 292 79

5 UNITED ONLINE INC 3-07-02 7 .21 36 .06 1-13-03 16 45 82 25 46 19 45 UNITED ONLINE INC 3-O5-02 7 .03 316 .90 1-13-03 16 45 740 .23 423 83

255 UNITED ONLINE INC 5-10-02 10 80 2,753 89 1-13-03 16 45 4,194 64 1,440 80 700 E TRADE GRP INC 7-22-02 4 .39 3,076 14 1-19-03 5 .44 3,807 88 731 .74 60 CITRIX SYSTEMS INC 6-28-02 6 .12 367 .12 1-19-03 14 .70 881 .98 514 .86

70 CITRIX SYSTEMS INC 7-01-02 6 O1 420 65 1-14-03 14 70 1,028 97 608 .32 20 UGI CORPORATION NEW COM 4-15-02 32 00 640 00 2-07-03 91 O5 820 97 180 97 5 UGI CORPORATION NEW COM 9-15-02 32 00 160 00 2-10-03 41 28 206 42 46 .42

CWENDOLYN SEXTON FOUNDATION

r Type of Portfolio :

Smaller Aggressive Equity Realized Capital Gains/Losses April 1, 2002 through March 31, 2003

Sale Information Purchase Information

. -----Inlomailm eontalnod hman Is 6~cud on da mdnad Iran wwcsa 6s6eJao aLe rsliabla, ho~va~erl�~p��q �,y,o ~aP~nrauon es n ~n acmie~y~tr iUiyataieea'ith 1fnOeri oEFJOI sWeirom~dyaui aomux`-MY ~txwl tnrortwnn oehn'nnai`Wyoumni -_ =, -= = l

;' - adnhns thxars w6fsra_eoilingi wWam "be Piu p~Aeh ro g~arsmm dfiuwla mtuhc.Lw~ and Lwykis am Nlwd ~nmWh Mdpan9auiiVbW In, r~wrbrSIPC=-~r_- f .- rcF ..t-`-"e

SePeretelV Mehaaed'Accou6ta A25 Third A`van ue " I" I Now York NY-10022--, .-


Investment Manager : Brandywme Asset Management

Per Total Per Realized Quantity Security Descr+otion Date Unit- Cost Date Unit Proceeds Gain or (Lose)

SHORT-TERM GAIN/(LOSS) TRANSACTIONS 10 UGI CORPORATION NEW COM 4-18-02 32 62 326 22 2-10-03 41 29 412 85 86 63 60 UGI CORPORATION NEW COM 7-12-02 30 21 1,812 60 2-10-03 41 28 2,477 07 669 47 80 CiTRIx SYSTEMS INC 7-01-02 6 O1 480 74 2-18-03 12 35 987 97 507 23 20 NASH FINCH CO 9-29-02 15 O5 300 96 2-29-03 5 41 108 16 (192 80) 235 NASH FINCH CO 10-07-02 12 10 2,843 24 2-24-03 5 41 1,270 83 (1,572 41)

20 NASH FINCH CO 10-31-02 12 .65 252 .97 2-28-03 4 80 96 .04 (156 93) 25 NASH FINCH CO 10-07-02 12 10 302 47 2-28-03 4 .80 120 .05 (182 42) 190 rraSH FINCH CO 10-16-02 13 39 1,879 8O 2-28-03 4 .80 672 26 (1,202 .54) 105 NASH FINCH CO 10-31-02 12 65 1,328 .07 3-07-03 5 .06 531 08 (796 .99) 35 RENT-A-CTR INC 10-07-02 41 25 1,993 92 3-17-03 52 .61 1,841 22 397 30

65 RENT-A-CTR INC . 11-O5-02 38 46 2,500 13 3-17-03 52 .61 3,919 41 919 28 55 UNITED ONLINE INC 5-10-02 10 80 593 97 3-21-03 17 .10 940 41 396 .44 85 UNITED ONLINE INC 5-20-02 12 19 1,035 80 3-21-03 17 10 1,453 36 917 56 175 UNITED ONLINE INC 5-14-02 12 11 2 .119 .88 3-21-03 17 10 2 .992 .21 872 .33

TOTAL SHORT-TERM GAIN 46,259 47 TOTAL SHORT-TERM LOSS (50 .212 .79)

TOTAL SHORT-TERM 235,737 .38 231,789 .06 (3,953 .32)

LONG -TERM GAIN/( LOS S) TRANSACTIONS 55 HALL CORPORATION 9-O5-O1 28 .12 1,546 33 9-06-02 53 .79 2,958 .56 1,412 .23

105 GLACIER BANCORP INC NEW 9-05-01 18 95 1,989 .75 9-13-02 22 .93 2,907 .57 417 .82 20 CASCADE CORP 9-17-01 9 80 196 00 9-30-02 14 06 281 .11 85 11 70 CASCADE CORP 9-O5-O1 12 .80 896 .00 9-30-02 14 .06 983 .90 87 90 45 LANCASTER COLONY CRP 9-O5-O1 32 75 1,473 .75 10-01-02 93 .42 1,953 .97 480 22

20 TRAMS-WORLD ENTERTAINMENT CORP 9-OS-O1 8 .50 170 07 10-03-02 2 86 57 20 (112 .87) 95 BALL CORPORATION 9-O5-O1 28 .12 1,265 18 10-03-02 99 50 2,227 43 962 .25 65 TORO CO DEL 9-O5-O1 45 .77 2,975 O5 10-07-02 56 91 3,699 .25 729 20 40 TORO CO DEL 9-O5-O1 45 77 1,830 80 10-11-02 56 75 2,269 .93 439 13

Q) r-1 .. -0 o Type of Portfolio : r ,o Smaller Aggressive Equity u

Realized Capital Gains/Losses April 1, 2002 ttu~ough March 31, 2003

Sale Information Purchase information

� ' , :- .__. . . ,qmem~on ocnraned nsreln Is Imeden ma ma...e x~ .4ec.Q meo-.<e wed r.tiaa: ncse~, ~n canna ~na6o nPrsesncWOn aG m us ~ai5cj "a*-Stan- 7w4 Mum ol1PJd eemmsnt at your eesòumÀiiY Bmlmiwf summons ransem .e cdY curreni; = ::.r,"= -

7~ .'tted~r~,~oncthat arosu6p �. .., . . . , . . u la rf~an0o withoui milra:PaF~ pedemarc~ k ro 9~~embi W bniia roa+hG IirvsWromc aiid tr~Reu d1 om 2ro om2 lTrotif n Akpad`SinilaybW Irc.FIS~mbarSIPG.-='-,----,--

. . ~~_ __ .. ._r _ . . .. v _ _ . .. .. ... . _ . .. . . . . _ . ~ .~_ =~_ . t . ..- ... . ,-. .- f~ t

i~ S erfltel Managed Acnounf, "825'IhirdWvenun'i Na"viVnrk NV 10022-= :-`4- :1 .-- .,o ° ."s, 4r

MorganStanley ~ CWENDOLYN SEXTON FOUNDATION



Per Total Per Realized O an iv Security Desc r iption Date n Cost Date Unit Proceeds Gain o (Lo ) I

LONG-TERM GAIN/ ( LOSS ) TRANSACTIONS 40 TORO CO DEL 9-O5-O1 45 77 1,830 80 10-16-02 59 26 2,370 24 539 49

125 ARVINMERITOR INC 9-05-01 17 95 2,243 75 10-18-02 16 29 2,035 79 (207 96) 110 LANCASTER COLONY CRP 9-O5-O1 32 75 3,602 50 10-18-02 45 77 5,034 97 1,432 97 75 TORO CO DEL 9-O5-O1 45 77 3,432 75 10-18-02 62 10 4,657 63 1,224 88

170 LONE STAR STKHSE & SALOON INC 9-O5-O1 12 60 2,141 17 10-21-02 20 00 3,399 .89 1,258 72

115 TRIARC COS INC CL A DE 9-O5-O1 29 99 2,873 85 10-21-02 23 66 2,720 67 (153 18) 190 BRIGGS & STRATTON cP wISC 9-O5-O1 37 20 5,208 00 11-07-02 39 85 5,578 90 370 90 95 FIRST AMERICAN CORP 9-O5-O1 18 15 1,724 25 11-22-02 20 76 1,971 74 247 49

280 TRAMS-WORLD ENTERTAINMENT CORP 9-O5-O1 8 50 2,380 98 11-26-02 4 32 1,209 56 (1,171 42) 55 COMMERCIAL FEDERAL CORP 9-O5-O1 25 30 1,391 50 12-03-02 22 92 1,233 37 (158 13)

50 BALL CORPORATION 10-19-01 30 60 1,530 13 12-10-02 50 .81 2,540 98 1,010 .35 60 BALL CORPORATION 10-19-01 30 60 1,836 15 12-11-02 50 .26 3,015 73 1,179 .58

140 SOYKIN LODGING COMPANY 12-17-01 7 30 1,022 00 12-19-02 9 .00 1,259 97 237 97 35 CASCADE CORP 12-06-01 10 .39 363 74 12-19-02 16 00 560 O1 196 27

110 GLACIER HANCORP INC NEW 9-O5-O1 18 95 2,084 50 12-31-02 23 39 2,573 27 488 .77

30 RENT-A-CTR INC 10-09-01 19 98 599 55 1-06-03 53 91 1,617 44 1,017 89 200 CASCADE CORP 12-06-01 10 39 2,078 54 1-06-03 15 80 3,160 64 1,082 10 40 RENT-A-CTR INC 10-09-01 19 98 799 .90 1-17-03 53 .40 2,135 93 1,336 .53 25 RENT-A-CTR INC . 11-14-01 28 71 717 69 1-21-03 53 .93 1,348 30 630 .61 30 RENT-A-CTR INC 10-29-01 22 33 669 90 1-21-03 53 93 1,617 95 948 O5

115 ARCH COAL INC 1-09-02 23 .91 2,749 .77 1-27-03 16 .30 1,874 44 (875 33) 45 CRANE CO 10-09-01 20 85 938 23 1-27-03 15 40 693 11 (245 .12)

225 CYTEC INDUSTRIES INC 9-O5-O1 32 .92 7,407 .61 2-10-03 29 91 6,729 23 (678 38) 95 FIRST AMERICAN CORP 9-O5-O1 18 15 1,724 25 2-10-03 22 48 2,135 42 411 17 80 TRIARC COS INC CL A DE 9-O5-O1 24 99 1,999 .20 2-20-03 26 55 2,123 89 124 .69

0 WASHINGTON FEDERAL INC 9-OS-O1 00 00 2-21-03 .00 9 .91 9 91 85 TRAMS-WORLD ENTERTAINMENT CORP 9-OS-O1 8 50 722 .80 3-03-03 2 .44 207 53 (515 27) 65 FIRST AMERICAN CORP 12-13-01 18 00 1,170 .00 3-13-03 22 .07 1,939 23 264 .23

~n CWENDOLYN SEXTON FOUNDATION

Type of Portfolio: 10 0 Smaller Aggressive Equity

U N

Realized Capital Gains/Losses April 1, 2002 throu;h March 31, 2003

Sale Information Purchase Information

------- -- --- - - ---- - ---- -- -------- -- ------ ----- -- - - - --- ----- ------. . IMO~NIOil00nIdN6A ~610I0 G ~'M d31tONdMEIlOT i4Y0BS 6BEOVBd b L! fdIBbIY /pw'1Nf: Y.'! WYqI fl~t~elePlBS 6n12EM aim 45 d1SLfiEr trEOfll~(lb0~6 MStb II01 i11 GRfwiLMM1ffiN O1 Y6[_80GWM. MY MIiIYIWI q3tBtiMnlt f4~LLd1111G1 MA' OdRlll ___ nPnau inm uss~Eisu ~o ehanp's w~lhaiiuarii+a's~ roAOmw~oo ~s rotWrarase d fU eviruWLc.Inupuinmu W ieidrss are offered Nmu~n MoipanbY?nW OW ino.:merrocrSNC.,.~-:.-; -- _ - _-- . -- % ,,_ _ _--_`--_ - "- .-x- --- - _ = 7

- . .~ r . . : -: . -t .. . . .._ . . . . . . . . . . . . . . . ..._ . s ._ - . ,9eperetely_MenaQed,Account l 825'-fhlrd Avenua-l New York: NV 10022"%-1- 1 ~ - - - --- - ;-, .: . ; . .~ - rr`,. ;"-' z



- Pr T Reali zed

Security Descript ion Da te n Cost Date Unit Proceeds Gain or iLos

s )

LONG-TERM GAIN/(LOSS) TRANSACTIONS 85 FIRST AMERICAN CORP 9-O5-O1 18 15 1,542 75 3-13-03 22 .07 1,875 54 332 79 45 REnIT-A-CTR INC 11-19-01 28 71 1,291 85 3-13-03 51 31 2,308 81 1,016 96 5 RENT-A-CTR INC 11-14-01 28 71 193 54 3-17-03 52 61 263 .03 119 49

95 U S FREIGHTWAYS CORP 9-O5-O1 36 29 3 .447 .55 3-21-03 26 35 2 .503 .65 (993 .90)

TOTAL LONG-TERM GAIN 20,084 62 TOTAL LONG-TERM LOSS (5 .061 .561

TOTAL LONG-TERM 74,011 63 89,034 69 15,023 06

TOTAL ACCOUNT GAIN/(LOSS) 309,749 01 320,818 .75 11,069 74

MorganStanley AC'CIVE ASSET'S ACCOUNT FOR MONTH ENDING DECEMBER 31, 2002 PAGE 12 OF 47

- ------ - - - . - . - : - -_ ._ - - - . _ - - ---- - -- - '-- - - -- ---_ . _ - -GWENDOLYN SEXTON FOUNDATION -._ Account Number 401 AGNUS DR - - - - - - - - -- - --- ----- -- -- -- ----------- '- - --'

.o - -- -- -- - -- - -- ------ ----'----------- _ - --- -- - Data- - Unit - -- - Adjusted - --- -----Market - -- Unrealized - - Additional

,--. Unrealized Gain/(Loss) Quantity Aeaulred Cost Total Cost Value Galn/(Loss) Information 7w -- ---_---_-.

The 'Total Cost' and 'Unit Cost' !or Fixed Income Unit Trusts, Mortgage-Backed Securities, and Zero Coupon Bonds has _

u~ been adjusted to reflect any partial return of principal or capita! that may have been paid to you, or accreted interest earned, since your purchase date In the event that the accumulated total return of pnnclpal or capital is greater than the provided original cost, the adjusted cost will be ------- - - : -.. . -_ - . _ - -- .- - _

Date Date - Adiu:led-_ Realized Additional Realized Gain/(Loss) Ouantrtv Acawred Sold Total Cost Proceeds Gaml(Loss) Information

Short Term __ _ - ----_=_-,- - _ -_. _-- -.-- -_- -

Investments and services are offered thrL ;i Morgan Stanley DW Inc ., member SIPC

-- --- - - --

- _ = ;NMA POOL 003067 6 .000 4-20-31 3005 .790 11-01-02 12-20-02 _ 3,]42 .72 - - 3,003 .79 - (158 .93) Short Tin ;NMA POOL 003285 6 .000 9-20-52 - - 858 .700 09-S0-02 11-20-02 - - =-E98 .41 858 .70 (19 .71) Short Term ;NMA POOL 003285 6 .000 9-20-32 -1253 670 -09-50-02 12-20-02 - --1,i90J3 --= 1,233 .67 = - (57.06) Short-Term ;NMA POOL 459741 6750 28JN15 310 .220 02-11-02 05-15-02 - 322.63 - - - - 31 .22- - - - (12 .41) Short Term :NMA POOL 459741 6750 28JN15 -_ .320 .060 -02-13-02 - 06-15-02 741 .18 ---_ = 320 .06 -_-(15 .12) Short Term :W1A POOL 459741 6750 28JN15 316.730- 02-13-02 07-15-02 . - _ --__329 .4D ' 316 .73 -' - - (12.67) Short Term :NMA POOL 459741 6750 28JN15 - -- -325.690 -02-13-02 OB-15-02 = -33BJ2 ---325 .69--=- - (13.03) Short Term ;NMA POOL 459741 6750 28JN15 -- - 21450 .040 _02-15-02 09-15-02 - - 22,287 .24- -_ 21,410 .04 - --- (857 .20) Short Term ;NMA POOL 459741 6 S/4 6-15-20 32565.170__02-15-02 30-15-02 - 55,805 .38 52,505 .17 (1,300.217 Short Term :NMA POOL 459741 6 3/4 6-15-26----Z5446.520--02-13-02 11-15-02 - 26,464 .30 _ _- -_25,446 .52-==== - (1,017.86) -Short Term ;NMA POOL 459741 6 5/4 6-15-28 ---19506.860 : 02-13-02 12-15-02 - -:_ - -: _20,287 ._13- - _= 19,506 .86 ~--__ =-1780 .27)- Sort Term :NMA POOL 470318 7000 29MY15 . ; _ 2883.610 05-08-02 06-15-02=_- - 3,018.60-._=-._2,883,61 _ - -`_(154 .99)=Shot'! Term ;NMA POOL 470318 7000 29MY15 -- 2362 .100-.05-08-02 07-15-02' - __ -:7 2,489 .06 -Short Term ;NMA POOL 470318 7000 29MY15 - - - -1439 .920 05-08-02 OB-15-02 - -' --=1,517 .32 = - -`-1,439 .92 (77:40) -Short Term :NMA POOL 470318 7000 29MY15 -2931 .960 OS-08-02 09-15-02 5,091 .66 ____ _ __ _- _2,933 .96 - - (157 .70) Shot! Tern ;NMA POOL 470118 7 .000 5-15-29 2455 .480 05-08-02 10-15-02 2,587 .46 -_2,455 .48 ' (151 .98) Short Term ;NMA POOL 470318 7.000 5-15-29 3082 .150 05-08-02 11-15-02 -3,247 .82 - 5,082 .15 =- - ' -'(365 .67) Sort Term ;NMA POOL 470318 7 .000 5-15-29 - 4475 .040 05-08-02 12-15-02 -4,715 .57 - -4 .475 .04 - -(240 .53) Short Term ;NMA POOL 502986 7000 29F815 - _ 979 .370 05-29-02 97-15-02 - - 1,050 .79 979 .37 - -(51 .42) Short Term ;NMA POOL 502986 7000 29FB15 , _ 2060 .210 _05-29-02 08-IS-02 _ 2,168 .39 - _2,060 .21_--_ 008 .167 Short Term ;NMA POOL 502986 7000 29F815 1974 .530 05-29-02 09-15-02 2,078 .19 - 1,974 .53 '- - -(103 .66) Short Term ;NMA POOL 502986 7 .000 2-15-29 5615 .420 05-29-02 10-15-02 3,826 .28 5,655 .42 =-` - (190 .86) Short Term ;NMA POOL 502986 7 .000 215-29 2423 .730 05-29-02 11-15-02 2,550 .98 _- _-~ Z::-2,423_.73 ~ _:_- - )127 .251 Short Term .NMA POOL 502986 7 .000 2-15-29 - 1775 .740' . OS-29-02 12-15-02 1,868 .97 -- -_-, -1,775 .74_ ~ (95 .23 ) - Short Term AMA POOL 552658 6500 32JL15 --' - -L207 .020--08-01-02 .09-15-02---_'_--_ _219 .18 - -- --- 207 .02 _ -_-_(12 .161 Short-Tern _ AMA POOL 552658 6 1/2 7-15-32--547J30-OB-Ol-02-10-15-02------ =--=-579 .91=-==---547 J3 - ----- =(52 .18)---Short-Term -:NMA POOL 552658 6 1/2 7-15-32 _- _2280 .590 08-01-02 --11-15-02--- - 2,414.57- Short-Term AMA POOL 552658 6 1/2 7-15-52 .-- 5127 .910= :08-01-02- 12-15-02 = _-_3 .311 .67 =---_5,127 .91-- ---7z(lES .76) :Short-Term .NMA POOL 569159 6500 3?1Li15 202,910-.05-08-02. .06-15-02 _ 2)9 .22 , -~- 202.95_ (6.54) ._ Short Term AMA POOL 569159 6500 S2MN15 =- '---=275 .040--05-08-02--07-15-02 -- ~=231:64===-==-=275 .04===-=-=18 .601 =Short Term-AMA POOL 569159 6500 S2MH15 - - --':_==808_.470 -05-08-02=08-15-02--- -- -- - -853 .73 -- -808 .47=_-7==_-_-_= (25 .26) ---Short -Term-~NMA POOL 569159 6500 32MF115-- - - x_1671 .500=_05-08-_02 _09-15-02 Short_T~rm-AMA POOL 569159 . 6 1/2- -3-15-32 --=2906-.370 - 05-08-02 10-15-02 ----_ - 2 ;997.19=---- ---- 2,906 .37:--7----=-=-( 90 .82) -Short-Term

This summary is not part of your account statement It (s for Information purposes only_and should not be used for tax Preparation - - - - - - - --- -

7 7

Investments and services are offered through Morgan Stanley DW Inc , member SIP[

a M o rga n Sta n I ey ACTIVE ASSETS ACCOUNT v ~ FOR MONTH ENDING DECEMBER 31, 2002 PAGE 13 OF 47

.D oGWENDOLYN SEXTON FOUNDATION - _ Account Number y 401 AGNUS DR X C-4 U

- -- ---= Date - Date - Adju ",ted Realized Additional Realized Gain/(Loss) " . Quantity - Acouired Sold Total Cost Proceeds Gam/(Loss) Information

GM1p POOL 569159 6 1/2 3-15-32 5,362 -- ~~OS-OB-02 11-15-02 3,67 06 ;,362 .00 (105 .06) Short Term GNMp POOL 569159 6 1/2 3-15-32 2891 .760- OS-08-02 12-15-02 - -2,982 .13 - 2,891 .76 - -(90 .37) Short Term GNHA POOL 781130 7000 SOJA15 5997 .460,_10-24-01 05-15-02 6, :12 .33 5 .997.46 _ (314 .87) Short Term GM1A-POOL 781150 7000 30JA15 - ' -- 5788.770- 10-24-01 '06-15-02 - 6,C92 .68 5,788 .77 " (303 .91) Short Term GId7A POOL 781130 7000 30JA15 -- 6423.650- 10-24-01 07-15-02 6,760 .89 6,42; .65 (337 .24) Short Term GNMA POOL 781130 7000 30JA15 _ 5963.940 10-24-01 OB-15-02 6,477 .05 5,963 .94 (313 .11) Short Term GN74A POOL 781130 7004 SOJA15 - _ 7485 .640 10-24-01 09-15-02 _ 7,878 .64 7.485.64 ' (59; .00) Short Term GN1A POOL 781130 7 .000 1-15-;0 9434 .480 10-24-01 10-15-02 " 9,929 .79 9,434.48 (495 .31) Short Term

Sub Total Short Term _ -6205,992 .47 5197 .121 .99:_ - (58,870 .48)

-Long Term ----------- - - - -- -- - -

PHLB 6000 02AU15 - -400,000 01-24-01 OB-15-02 -- 405,002.55 400,000 .00- - (5,002 .35) Long Term GFKA FOOL-002285 _8000 _265P20 _ - --- -3450 .690 _01-24-01 . 05-20-02 -- _ _ 3,605.97. ;,450 .69=-----= (155 .28) Long Term 3MiA POOL-00228S -8000- 26SP207- Z-7-5033 .69D--01-24-01 -06=20-02--- = --5,260.21 - -~ _- 5,053 .69= -- --- (226 .52) Long Term 3NHA POOL 002285 8000 265P20 - _ 3106 .1001-24-01 _ 07-20-02 =_ -_ _ 3,245.87 _ 5.106.10 _ - _-(139 .77) Long Term 9NMA POOL002285 _8000 265P20 3776 .140=--01-24-01 =_08-20-02~_=_-5,9+6.07 3,776.14 .. _- ~- (169 .93) _ Long Term +NMA-POOL -002285"-8000 = 265P20 - Z-=-4264-.310 =01-24-017=09-20-02=--::-=4-,4i6-.20 -:-!-::---=- :'- 4,264 .31---- --(19T.89) - Long-Term - _ 3W1A POOL 002285 8 .000 - 9-20-2671 = ;3;5 .140 - 01=24-01 --10-20-02 - - ---i,4d3 .13-- - 3,333 .14 =--- - )149 .99) Long Term :NMp POOL 002285- -- 8'.000- 9--20'--26-.---5790 :170 01-24-01-11-20-02 ----- 6,0 ;0 .73 - --'5,790 .17-- - -(260 .56) -Long Term GWipP00L_002285- ..8 .000 ._--_9-20-26-_5478:060'O1-24-01..12-20-02 .=--;,654 :57'_ - Long Term GW7A POOL=354582==65U0--23MY15=-=-- -==428 .100 =01-24-01-=05-15-02 428 .10-==='= __ =-_- GNMA POOL 354582 6500 23MV15 =-- --'-=:7 288 .620'=01-24-01 -06-15-02 -- ~- -- -238 .62-- 288 .62-GMIA-POOL 354582 _ 6500--23MY15 _--_ -_292 .920_ 01-24-01- 07-15-02 - _ -=.272.92 =_ -- --292 .92 z: --SMIA :POOL"_354582 6500 25MY15.--. -_SS8.84- .---~---- -- --- `-:MiA POOL 354582 6500 -23MY15-==-- _ =3i6:770 ::-01=24=U1 -09-15-02= - - - - SS6.77 - - 336.77 - - --~ - -- '-- 3W1A POOL 354582 -- - 6-1/2 --5-15-23-506 .220-01-24=01 --10-15-02--- :-- =31)6 .22--- ------- 306 .22-----------iNMA~P00L_354582___- 6-1/2_ 5-15-23=-1ipi50_ __-01-24-01=11-15-02=---13,3!.0 .00 __--_ 15,350 .00--,=---_ __-` - -:W1A'POOL"154582---61/2--5-15-23--274 :730-01-24-01 -12-15-02=-Z:n-2'J4 :7i---=----274:73----===_-__=-__--+Id7A=P00C=461081= -7500= 27DE15-==-= --==143:380=01=24=01-05=15-02-- =1h8 .04===-=143.38 -- =(4:66)=Loog-Tirm - '= -_ :NMA_POOL 461081- 7500 -27UE15- -145.010-01-24-01- 06-15-02 =- 149 .72--- - - 145 01- - --(4 .71) -Long Term =-:NMA'POOL-461081 _7500 _- 27DE15- - - -_4;129=V 01-24-01 .07-15-02 =_ - -4,2<~3 .19'

--- ' -4,129 . 00 -_ -_ -(154 .19)- Long Term

'.NMA POOL-461081_ 7500 -270E15- "" ----'--'133 .090--01-24-01---08-15-02 =_ .- ._1E,7 .42 = " 13;.09-== ---==(4.33) Long Term 3NMA-POOL 461081 7500 -=27DE15-- --- 4276 .160- 01-24-01- 09=15=02-=--4,4]5 .14 --- - - 4,276.16- - - -(158 .98)- Long Torm -3NMA-POOL 461081-- 7 1/2- - 12-15-27--115:900-01-24-01-10-15-02_ - -179.67 = - --115 .90 -(3.77)_ Long Term_- . -- -:NMA'POOL_461081-~7_1/212-15-27-403:230=01-.24rD1-1115-02 ~-4,1E4 .31 - ---- 4,033 .23 - -----(131:08)_Lon9=Term---__ :NMA .POOL=461081= 7=172 =-=12-15-27-=-3687 :370==01=24-01=12=15-02== ==3;8[7 .21 -==== =.3;687:37= ~ ̀ -(119 :84) Long--Term--- ---- : :NMA=POOL-508748--6500- 29MY15- ==19752.380 -01=24=01-05-15=02---19,7U3:00-- 19,752.38----49.38 Long-Term -:NMA-POOL_508748-6500- 29MY15_=_~~~6744 .-190 =01-24-01-06-15=02- -6,747.33-- _- 6,744.19 :-_=~-=16 .86== Long _Tarm_ :NMq-POOLS08748-6500-29MY15------=-.120 .840=01-24-01-:07-15-02------=----120 .54 -= --120.89=------.iO-Long Tarm ~ . :WiA-POOL=508748=6500=29MY15 ----120 :070=01=24-01=08=15-02== -119:77= ==--=120:07== = ===.30 =Long=Torm`- ~ -'"_ :NMA-POOL 508748-6500=29MY15 121 680^01=24-01-09-15=02 121.38-- --121.68 :30-Long_TarZm -:NMA:POOL_508748- __6-71/2- -=5-15-2i-=-124 .-320=01-24 7~01=10-:15-02:===124 .01 _- - - =--X124 .124. 32 .317 -Lon9-Tarm = _ - -_

==Thissummary is not part of-your account statement: It=is lor=mlorma6on purposes only=and should not be used for tax preparation .-'- -_=-

MorganStanley N c~

ACTIVE ASSETS ACCOUNT FOR MONTH ENDING DECEMBER 31, 2002 PAGE 14 OF 47

GWENDOLYN SEXTON FOUNDATION -- ------------------- --_-__'--- . ---_ - _-'--- -'_"-_ - .". - '- --Armunt Numhwr ~-~ 401 AGNUS DR -- - ---------- ------ --- ---- - ------ - -- rM

---° - '-- -- - -_ __ _ - ---- ---_'-'Date--Date- -Adjusted - - --- --- Realized - Additional RCaSIZ¢d,Galtll(LoS5) Quantity ' Aeaulred "- Sold- Total Cost Proceeds - ' Gam/(Loss) Information

GM1A POOL 508748- _ 6 1%2 ._ 6-15-29_-- '124.620 '01-24-01-11-15-02- __ : _ __

_'. -124.51 - . 124 .62 - - ---:- . 31 -- Long Term GNMA POOL 50874E 6 1/2 -_ 5-1529 15039.540 01-24-01 .12-15-02-- - 13,006:74 13,039 .34 32.60 Long Term GNT1q POOL 537765 7000 SODE15 49Eb .SOD 01=24-01 _ 1)5-15=02- - - - 5,079 .79 4,986 .30 (93 .49) Long Term GNMA POOL 537761 7000 300E15 - 205 .820 - 01-24-01-06-15-02- - -_ - ~- 209 .68 _ 205 .82__ - (3 .86) Long Term GNMp POOL 537763 7000 300E15 10254 .060 .01-24-01-_07-15-02..___ - 10,446 .52 - . _ 10,254 .06 _ (192 .26) Long Tern GNMA POOL 537765 7000 30DE15 _ --' ' 6416 .170= 01-24-01__08-15-02 = =- --= 6,516 .47_ 6,416 .17= ~ (120 .50) Long Tern GNMA POOL 557765 7900 -SOOE35-='-'-_- -- =8,067~ "= =01=24=01-=09=15=02--=-__= 8,210 .26 - 8,067 .00- - (151 .26) Long Term GM1N POOL 537763 7 .000 = 12-15-30 ---7677-.920-01-24-01 10-15-02- - _7,821 . BB _ -7,677 .92=: _ _ (145 .96) Long Term GNMA POOL 517763 7 .000 _ 12-15-30-_-----176 .230--01-24-01--II-IS-02 -- -179 .53 176 .23-- -- (3 .50) Long Term GNMA POOL 557763 -- 7 .000-" -12-15-30 -, .6821 .620'-01-24-D1' 12-15-02=_'. -__-'6,949 .53 6,021 .62- - - -(127 .91) Long Term GHlIA POOL 781150 - 7 .000-" --1-15-50== 9S97 .SBD -30=24=01=11=15-02- ----7=-9,890 .74 - 9,397 .38-- - - -= 1495 .561 Long Term GNMA POOL 781130 -7 .000-=1-15-30 -7--7957-.360--10-24-01- 12-15-02~; --8,575 .12 7,957 .56- (417 .76) Long Term

Sub Total Long Term -1575, 260:40-- --6566 ;618 :94--=- ._-___(68,641 .46)

StAI§"Ifir"'~To'sin f~~9C`(?5~1~%YDT~h~6&fd~T~C~B7/86 ~ i .' E« " ~Y"~~:8 563" 4'b`93 ~h ~5`l 44$~%z: . " ff" , " ~ . ?~ ..,F . ..,'.,Aft F " f+ f F+ ~~~1 f:~8 ~4 îi ' .r . _.. ~~--'-------... . .:s ::.~

-- -- Summary ' -- -- .--:-_-__-__"----_:-.. -Short Term Long Term -'Total-

Unrealized gnln.... . . .... .. ... . .. . . --- C1E,355.0E-- 0125,101 .08 "--Unraellied(loss). .. . . . .. . . . . . ... .. . . . - --= (i2)755.q4)_--- - (910,628.35) -- (113,381 .79) -_

=_C100 .36~ _ .. -'-' - -' _Reellzedgain YTD- . ... .. .. .. ... .. ... . . -$100.36 -Realized (loss) Y7'D :. :. .. :, . �� . -- (ia,a7o.467== _ ($a,741 .a2) (C17,612 .30)-

Investments and services are offered thrL , i M xgan Stanley DW Inc , member SIPC

v N M o rga n Sta n I ey ACTIVE ASSETS ACCOl7NTO FOR MONTH ENDING MARCH 91, 2004 PAGE 12 OF 42

v -GWENDOLYN SEXTON FOUNDATION -==- '----'~--'---- - ---'-- ~' "---- -___ -_- = =A~tount NumM, .c ,r 401 AGNUS DR -- --------'------- -- ------- -------

--- ---Adjusted zed -' Additional '-- - - - Unrealized Gain/(Loss) - - - Quantity- -- Acouned ~ - -= Cost = --=--Total Cost _---7_:=- Value ------Garnl(Loss) - Information

GW1G POOL 603467 `- -6.000 '" 2-15-33-67;000-=01-24-Oi=- 105.5000 - _70,541:51 =- 69,649 .64 =- . J=-f891 .47I Short Term

TotelB,fOr 0llfl ns~W,lE COif" ddB~ Y8719bt~` , ri3 3 5 502 .58~' ; "3 529' 15 .93'v-, ~Y3i 913 . 5 .'~'~~"~' ---- ---

" al arket aTrte / aJP o fffoes .: e3 ̀52 15: - 9 . . . . . . . .P . . . . Sa`S.tuwi4u.vliY~~S .iiii .t~SUV tiu~fu . \v .uA_iiSU~:` .uV\ \\S\vu . . v1. YYV'S"S Wu'NJh \\\utii[S3AJ\\C\w[u'w .ht'fv~_4Si1u2 tiih\\ :li

The 'Total Cosy and 'Unit CosC_`loi Fixed Income Unrt Trusts; Moitpage-Slacked Securities- and Zero Coupon-Bonds has --- -- - -_ : been adjusted [o reflect any partial return of principal or capital that may have been paid to you; or accreted interest- -- _-

- earned, since your purchase date . In the event that the accumulated total return of principal or capital is greater than -- - -- ~=- the provided original cost, the adjusted cost will be'000':=--- ̀--_= __ - -- -- --- - -- -- --_

--- - - . ' - ' " - '--- _-__ =Date-=-- Date='==-=Adjusfed ---- __-"-- __- . Realized Additional - -- R¢alized,Gain((LosS} =OuanNtd--=--"=Acauired-= Sold- ___ Total Cost - " Proceeds- --_ ~GafnllLossl -Information

-.-Short Term : - --- - -- ---------- ------ --------- ---

0lMA POOL 003067 - 6 .000 4-20-51-- -3465.820 11-01-02=.01-20-OS - -_-S,b26.11- - 3,465 .82 (160.29)-_Short Term GNMA POOL 003067 - 6 .000 - - 4-20-S1-- -_3055.520_-11-01-02-02-20-OS---- _-3 ; .96 .84-_-:-.-3,055 .52 --(141 .52) Short Term GNMG-POOL-ODi067 . 6 .000= . 4-20-31=-.-_-_5307 :390 -11-01-02_.03-20-03 . -:S,h60 :36= =_5;307 :39--:= .-(152.97)_ Short=Tere" GNMA POOL 003285 6 .000 9-20-52 =_ -1940 .300--09-SO-02=01-20-03 ==--=2030 .04 -- -=1,940 .30-=~-= _- (B9J4) Short Term GNXA-POOL 003285 - 6 .000- - -9-20-52--2682.730-09-30-02-02-20-03 --2,N06:81 - - --2,682 .73= - --'--(124 . 08) Short Tire GNMA POOL .OOS2E5 . 6 .000 9-20-52 2936.160=09-30-02.03-20-03=~~~ . _ -7 2,936 .16 (1SS .E0) Short Term GlMA-POOL"459741 6_3/4 6-15-26_ --_19E:480 -02-15-02 06:42' - ==19x .48-_ . ___ (7:94) - Short Term GNMA POOL 470516 7 .000 -5-15-29 -- 5642.600 ~05-0E-02- 5,642 .60 - - - (303.29) Short Term GNMp-POOL 470318 7 .000 5-15-29--_7-252S .530

05-0B-02-03-15-03- - 02-15-03__2,t~61 .28- 2,525.53 --(135 .75) Short Term

GNMA POOL 470116 7 .000 5-15-29 462.760 05-00-02 - - 487 .65 - 462.78 (24 .87) Short Term GW1A-POOL 502986=- 7:000 . . 2-15-29= - ---976.280 _05-29-02=-01-15-03.. -_1 ;C27 .SS= 976:28= =(51 .25) Short Term GNMA POOL 502986 7 .000 215-29 -- 2356.610-05-29-02-02-15-OS=-=-=-2,460 .53 2,556.61-- (123 .721 Short Term GNMA POOL 502986 7 .000 2-15-29___:--1516 .660__ 05-29-02 03-15-01 - - -- -1,596 .28- -1,516.66- -(79 .62) Short Term GNMA POOL 552658 6 1/2 7-15-52 4157 .450 OE-01-02 _ 01-15-Oi' - --- 4,401 .70 - 4,157.45 (249 .25) Short Term GNMA POOL 552658 6 L2 7-15-32 ---5797.980-08-01-02-02-15-OS =--==4,021:11 3,797 .98- - -_ (223.15) Short Tars GNMA POOL 552658 6 1/2 7-15-52 2408.050 08-01-02- 03-15-03 -`_'- 2,549 .52 2,408 .05 -(141 .47) Short Term GNMA-POOL 569159 6 1/2--- 3-15-32_- _-3299:790_ 05-OB-02 -01-15-OS--- 1,402 :91- - 5,29$:79_ ---- Short Term GNMA POOL 569159 6 1/2 5-15-52_ --- 3226 .840 05-OB-02'_02-15-OS=- _-__-5,327 .68 ' 5,226.84 - (100 .89) Short Tare GNMA-POOL 569159 6-1/2 5-15-32 -==-34Si.200=-05-0E-02 '"OS-15-OS- ---=-5,590 .49- ' --S,4SS .20="~ "" (107.29) Short Term GNMA POOL 582401 - 6 .000 -11-15-52- ---1051.480--12-11-02 --01-15-03 -- --1,105.37 1,051 .49 (55 .891 Short Term GNHA POOL,582401 . _ 6 .000 - 11-15-32 . ----2688 .900 _12-11-02 02-15-03_ _-_:- _:-2,826-.71 2,688.90_ - - (157 .81) Short Term G7d1A POOL 582401 "- -6 .000 - 11-15-52 4929.070- 12-11-02 -03-15-03 -' - -_5 .141 :68 --4,929.07- (252 .61) Short Term GNMA POOL 582450 6 .000 - 11-15-12----=--73.820 -12-25-02-02-15-03- - '" - 77 .60 -_ 73 .82 (1.78) Short Term GNMA POOL 582430 6 .000 11-15-52 - 76.090 12-23-02 - 03-15-Oi 79.99 76 .09 (5 .9) Short Term GNMA POOL 603467 '- 6 .000 2-15-33 ' -- . . 136.190_-01-24_03_~_03-15-03_ 7-7~-_:-1.13 .68 - - 156.19- (7 .49) Short Term

Sub Total Short Term ----- "- ~ -- -- - --` -- "--=t6S;2i5 :94' - -"60345 .72=----( " 2,910 .22)

This summary is not part of your account statement it is for information purposes only and,should not be used for tax prepaietion


Investments and services are offered through Morgan Stanley DW Inc ., member S1PC

ACTIVE ASSETS ACCOUNTO M o n Stanley PON

v cr FOR MONTH ENDING MARCH 31, 2003 PAGE 13 OF 42

__"" 0 GWFND"LYN SEXIUN PUUNUAIIUN- -Account Nu_mWp-r 4

1 0 AGNUS DR - ' -"- -" '--" "' - - " LN

-- --- Date - - Date - -'Adjusted ` - . - ^ Realized . - - Additional Realized Gain/(Loss)- - Quantity --ACauved ' Sold " ° Total Cost' '-Proceeds -- ̀ - -Gain/(Loss) '- --In(ormaNon

Long Term ---- - -_ - - _ -= = - - -

GNMA POOL 002285 8 .000_ _ 9-20-26_ - 4555 .550 01-24-O1 01-20-03,:- _ . 4,760 .55 ----_4,555 .55 - - -teub .oo) Long Term GNMA POOL 002285 8 .000 9-20-26 ,2603 .340 01-24-01 02-20-03 2,720 .49 . ._ -' -7 2,603 .34 ' ' - (117 .15)- Lang Term GI-0iA POOL 042285 8 .000 _ 9-20-26 _ 4154.100 01-24-01 03-20-03 - -' 2'--4 ;341 :03- -(186.93) - Long Term GNMA POOL 354582 6 1/2 5-15-23 = 18773.100 01-24-01 -01-15-03- =-18,773 .10-------18,773 .10=--=== _=_---_~_- --=- - -GNMA POOL 354582 6 1/2 5-15-23------- 227 .170 01-24-01 : 02-15-03- : - - 227 .17 - - 227 .17 GNMA POOL 354582 6 1/2 5-15-23 - 12632.540 01-24-01 D3-15-03 _ ' . 12,632 .54' .12,632 .54"_` GNMA POOL 459741 6 3/4 6-15-28-_ . 28709.340 -02-11-02 02-15-03 29,857 .71 - 28-709 .34---:- - (1,148.37) Long Term GNMA POOL 459741 6 3/4 6-15-28 -- 213.460 02-13-02 03-15-03 - 222 .00 - - 213 .46 - - (8.541 Long Term GNMA POOL 461081 7 1/2 12-15-27 -- 129 .640 01-24-01 01-15-03 , - 133 .85 129;64----- -' ---- (4 .21)- Long Term GNMA POOL 461081 7 1/2 12-15-27' ' 138 .740 01-24-01 02-15-03 143 .25 - ' " 15E :74 -. (4 .51) Long Term GNMA POOL 461081 7 1/2 12-15-27 6313 .050 01-24-01 ~03-15-03- 6,518 .22 - 6,313 .05 ---,-' - (205 .171- long Term GNFtA POOL 508748 6 1/2 5-15-29 113 .260 01-24-01 01-15-03 112 .98 -- - -113.26_ - -- .28 Long Term _ GNMA POOL 508748 6 1/2 5-15-29 6404 .810 01-24-01 02-15-03 _ 6,588 .80 ' -6,404.81' , -- - 16 .01 Long Term -' GNMA POOL 508748 6 1/2 5-15-29 . 109 .880 01-24-01 03-15-03 - 109 .61 - " 109.88 .27 ' Long Term GNMA POOL 557763 7 .000 12-15-30 - 169 .590 01-24-01 01-15-03 -172.77 - 169 .59--- (3 18) Long Term GNMA POOL 537763 7 .000 12-15-30 --7;93 .630 01-24-01 02-15-03 -- 7, ;32.26 '---- - 7,393 .63 ' -- -- (138 .63)- Long Term GNMA POOL 537763 7 .000 12-15-30 - 107 .300 . 01-24-01 03-15-03 L09 .51 - ' ' " 107 :30 '(2 .01) ' Long Term GM1A POOL 761130 7 .000 1-15-30 8952 .770- 10-24-01 01-15-Oi 9,41 .74 --8,932 .77 '-" '-- (468.97) Long Term GNMA POOL 781130 7 .000 1-15-30 -'7836 .87010-24-01 02-15-03 B,t48.31 - _7.836 .87_- -' (411 .44) Long Term GNMA POOL 781130 7 .000 1-15-30 - 7232 .100 10-24-01 03-15-Oi ' 7,u11.79- - - 7,232 .10 ̂ -I - - (379.69) Long Term

Sub Total Long Term '-- - - _' $12),01748 $116.75024 ($7,26724)

._ .. .. . .-,r .. ..r-., . .., r Totals=for�cfos~ng,f~ansactiohs_witfi~~osEdeta;available-,y; ,--., - - °= " . .e v- -. .~_ .. Total Pioceeds=;� ,. .w, .. .,..,_.~M. .., .-_�..~..,~,.., .;-.w..,~.._---

Summary'" Short Term Loll

p Term-:- Total-- ' ---. - - - '- '-

_Unrealized gain .. . . . . . . .. . . . . . .. . . . .. _ _ -$120,806 .79 '. '. $139789 .72 --- -- ` '-'- Unrealized (loss) ... ... . ..: .. . . .. . . . .. . ._ ._ ($5,876 .37)

-. Realized gain YTD= ::-.:. .-.. . .. . . -"= 616 .56 -' - --_-- - --"-= 516.56-"- Realized (loss) YTp . . .� .. . . .. ., . ~ ($2,910 .22) -, (616,536 .15) ------ - ($19,446.37) _ _,__

Documents

Form or Section 4947(a)(1) Nonexempt Charitable Trust990s.foundationcenter.org/990pf_pdf_archive/953/... · 2017-06-21 · 990-PF Return of Private Foundation OMB NO ISqS-0O52 Form