December

SECURITY   Units Held Cost Basis Value as of December 31, 2006 Gain - (Loss) % of Equity % of Bonds  
Money Market Account 1-Gold 11,824.82 11,824.82 11,824.82 0.00   5.99%  
Household Fin CORP 07/15/10-Black 9 9,694.26 9,776.70 82.44   4.96%  
US Treasury Strip CI 11/15/08-Black 5 2,984.10 4,574.30 1,590.20   2.32%  
Ishares 20+ Treasury Index Fund(TLT)-Black 45 4,048.70 3,979.35 (69.35)   2.02%  
Ishares 7-10 Yr Treasury Index Fund(IEF)-Black 46 3,983.35 3,792.24 (191.11)   1.92%  
Ishares 1-3 Yr. Treasury Index Fund(SHY)-Black 48 3,970.79 3,838.08 (132.71)   1.95%  
Ishares Us Aggregate Bond (AGG)-Gold 100 10,095.94 14,955.00 4,859.06   7.58%  
Federal Home Loan MTG 07/15/2035-Black 15 14,764.95 14,532.00 (232.95)   7.37%  
Us Treasury Note 5/15/2009-Black 10 10,214.49 10,167.20 (47.29)   5.15%  
Money Market Account 2-Black 64,655.34 64,655.34 64,655.34 0.00   32.78%  
Ishares Us Aggregate Bond (AGG)-Black 150 15,114.95 9,970.00 (5,144.95)   5.05%  
1-3 Yr. Treasury Index Fund (SHY)-Gold 121 9,966.15 9,675.16 (290.99)   4.90%  
Goldman Sachs Corp Bd Fd (LQD)-Gold 154 17,164.13 16,428.72 (735.41)   8.33%  
Federal National MTG ASSN-Gold 2023FannieMae 5 4,604.95 4,782.80 177.85   2.42%  
Federal Home Loan MTG-Gold 2018 5 4,554.95 4,709.55 154.60   2.39%  
              Returns
S&P 500 Depository Receipts (SPY) -Black 450 54,523.52 63,760.50 9,236.98 15.32%   16.94%
S&P 500 Depository Receipts (SPY)-Gold 173 20,195.04 24,511.68 4,316.64 5.89%   21.37%
Russell 1000 Value Index Fund (IWD)-Gold 875 55,977.27 72,389.22 16,411.95 17.39%   29.32%
Vanguard Emerging Markets (VWO)-Gold 213 15,142.31 16,484.07 1,341.76 3.96%   8.86%
Allied Cap Corp New (ALD)-Gold 200 4,370.00 6,536.00 2,166.00 1.57%   49.57%
American Software Inc (AMSWA)-Gold 1,475 11,917.61 10,221.75 (1,695.86) 2.46%   -14.23%
Amerisourcebergen Corp (ABC)-Gold 150 5,994.00 6,744.00 750.00 1.62%   12.51%
Bio-Reference Laboratories (BRLI)-Black 450 6,152.76 10,120.50 3,967.74 2.43%   64.49%
Blue Earth Refineries-Gold 200 479.46 390.00 (89.46) 0.09%   -18.66%
Brinker Intl Inc (EAT)-Gold 225 5,634.95 6,786.00 1,151.05 1.63%   20.43%
Callaway Golf (ELY)-Black 400 5,130.00 5,764.00 634.00 1.38%   12.36%
Cognos Inc (COGN)-Black 200 6,476.75 8,492.00 2,015.25 2.04%   31.12%
Columbia Sportswear (COLM)-Black 200 10,770.35 11,140.00 369.65 2.68%   3.43%
First American Corp (FAF)-Gold 200 7,937.21 8,136.00 198.79 1.95%   2.50%
Furniture Brands Intl Inc (FBN)-Gold 300 6,740.00 4,869.00 (1,871.00) 1.17%   -27.76%
Gerdau (GGB)-Black 647 4,454.95 10,352.00 5,897.05 2.49%   132.37%
Hickory Tech Corp (HTCO)-Gold 900 6,421.95 6,435.00 13.05 1.55%   0.20%
Hormel Foods Corp (HRL)-Black 282 10,790.31 10,529.88 (260.43) 2.53%   -2.41%
KHD Humboldt Wedag Intl Ltd (KHDH)-Gold 200 3,970.71 8,016.00 4,045.29 1.93%   101.88%
Mantech Intl Corp (MANT)-Black 200 2,596.75 7,366.00 4,769.25 1.77%   183.66%
Nomura Holdings Inc (NMR)-Gold 835 14,992.39 15,814.90 822.51 3.80%   5.49%
Omnicare Inc (OCR)-Gold 100 3,149.95 3,863.00 713.05 0.93%   22.64%
Orbital Sciences Corp (ORB)-Black 400 5,406.95 7,376.00 1,969.05 1.77%   36.42%
Otter Tail Corp (OTTR)-Gold 480 14,059.81 14,956.80 896.99 3.59%   6.38%
Overseas Shipholding Group Inc (OSG)-Gold 97 4,960.24 5,461.10 500.86 1.31%   10.10%
Owens Corning (OWENQ)-Black 19 2,540.50 91.20 (2,449.30) 0.02%   -96.41%
Pharmaceutical Prod Dev Inc (PPDI)-Gold 170 2,525.90 5,477.40 2,951.50 1.32%   116.85%
Rofin Sinar Tech Inc (RSTI)-Black 100 3,824.85 6,046.00 2,221.15 1.45%   58.07%
Sadia S A (SDA)-Black 250 7,055.95 8,522.50 1,466.55 2.05%   20.78%
Sciele Pharma Inc (SCRX)-Gold 380 2,033.00 9,120.00 7,087.00 2.19%   348.60%
Streettracks Service Trust (RWR)-Gold 150 8,896.95 13,186.50 4,289.55 3.17%   48.21%
Sunoco, Inc. (SUN)-Black 178 3,282.63 11,100.08 7,817.45 2.67%   238.15%
Tidewater Inc (TDW)-Gold 250 12,771.03 12,090.00 (681.03) 2.90%   -5.33%
Vulcan Materials Co (VMC)-Gold 45 1,971.75 4,044.15 2,072.40 0.97%   105.10%
    $ 520,789.67 $ 576,620.26 $ 73,856.00 100%