SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
ANNUAL REPORT
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
(Mark One):
x | ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the plan year ended December 31, 2004
OR
¨ | TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission file number 1-12188
A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
MARRIOTT INTERNATIONAL, INC.
EMPLOYEES PROFIT SHARING,
RETIREMENT AND SAVINGS
PLAN AND TRUST
B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
MARRIOTT INTERNATIONAL, INC.
10400 Fernwood Road
Bethesda, Maryland 20817
Financial Statements and Exhibit as follows:
1. | Financial statements |
| Report of Independent Registered Public Accounting Firm |
| Statements of Net Assets Available for Benefits as of December 31, 2004 and December 31, 2003 |
| Statements of Changes in Net Assets Available for Benefits for the year ended December 31, 2004 |
| Notes to Financial Statements |
Certain schedules have been omitted because they are not applicable, not material or because the information is included in the financial statements or the notes thereto.
2. | Supplemental Schedule |
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
3. | Exhibit |
23.1 - Consent of Independent Registered Public Accounting Firm
MARRIOTT INTERNATIONAL, INC. EMPLOYEES PROFIT
SHARING, RETIREMENT AND SAVINGS PLAN AND TRUST
Financial Statements and Supplemental Schedule
Year | ended December 31, 2004 with Report of Independent Registered Public Accounting Firm |
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Financial Statements and Supplemental Schedule
Year ended December 31, 2004
Contents
Report of Independent Registered Public Accounting Firm |
1 | |
Audited Financial Statements |
||
Statements of Net Assets Available for Benefits |
2 | |
Statement of Changes in Net Assets Available for Benefits |
3 | |
Notes to Financial Statements |
4 | |
Supplemental Schedule |
||
Schedule H, Line 4iSchedule of Assets (Held at End of Year) |
12 |
Report of Independent Registered Public Accounting Firm
The Profit Sharing Committee
Marriott International, Inc. Employees
Profit Sharing, Retirement and Savings Plan and Trust
We have audited the accompanying statements of net assets available for benefits of Marriott International, Inc. Employees Profit Sharing, Retirement and Savings Plan and Trust as of December 31, 2004 and 2003, and the related statement of changes in net assets available for benefits for the year ended December 31, 2004. These financial statements are the responsibility of the Plans management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plans internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plans internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2004 and 2003, and the changes in its net assets available for benefits for the year ended December 31, 2004, in conformity with U.S. generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2004 is presented for the purpose of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plans management. The supplemental schedule has been subjected to the auditing procedures applied in our audits of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.
/s/ Ernst & Young LLP
McLean, Virginia
May 26, 2005
1
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Statements of Net Assets Available for Benefits
December 31 | ||||||
2004 |
2003 | |||||
Assets | ||||||
Investments, at fair value |
$ | 1,805,324,414 | $ | 1,486,070,012 | ||
Investments, at contract value |
435,641,704 | 442,425,819 | ||||
Total investments |
2,240,966,118 | 1,928,495,831 | ||||
Receivables: |
||||||
Due from Marriott International, Inc. for Company contribution |
64,400,893 | 58,267,748 | ||||
Receivables from sale of investments |
8,357,874 | 15,892,633 | ||||
Accrued interest and dividends |
2,715,109 | 3,490,998 | ||||
Total receivables |
75,473,876 | 77,651,379 | ||||
Total assets |
2,316,439,994 | 2,006,147,210 | ||||
Liabilities |
||||||
Accounts payable on investments purchased |
9,017,322 | 30,919,127 | ||||
Custodian and advisor fees payable |
987,247 | 1,158,732 | ||||
Other |
480,975 | 203,475 | ||||
Total liabilities |
10,485,544 | 32,281,334 | ||||
Net assets available for benefits |
$ | 2,305,954,450 | $ | 1,973,865,876 | ||
See accompanying notes.
2
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Statement of Changes in Net Assets Available for Benefits
Year ended December 31, 2004
Additions |
||||
Investment income: |
||||
Dividends |
$ | 22,469,317 | ||
Interest |
33,785,908 | |||
Net realized and unrealized appreciation in fair value of investments |
236,879,631 | |||
Less investment expense |
(3,102,478 | ) | ||
Total net investment income |
290,032,378 | |||
Participant contributions |
120,129,004 | |||
Employer contributions |
65,365,576 | |||
Total additions |
475,526,958 | |||
Deductions |
||||
Benefits paid to participants |
140,627,809 | |||
Administrative expenses |
2,810,575 | |||
Total deductions |
143,438,384 | |||
Net increase |
332,088,574 | |||
Net assets available for benefits at beginning of year |
1,973,865,876 | |||
Net assets available for benefits at end of year |
$ | 2,305,954,450 | ||
See accompanying notes.
3
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Notes to Financial Statements
December 31, 2004
1. Description of the Plan
The following description of the Marriott International, Inc. (the Company) Employees Profit Sharing, Retirement and Savings Plan and Trust (the Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plans provisions.
General
The Plan is a defined contribution plan covering eligible employees of the Company who are at least 21 years of age and have completed at least one year of service. It is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended.
Contributions
Each pay period, participants may contribute up to 80% or a fixed dollar amount (minimum of $3 per week) of compensation. The Companys contribution to the Plan is based on a fixed match of 100% on the first 3% of annual compensation contributed, and 50% on the next 3% of annual compensation contributed. In general, Company contributions are allocated among active participants accounts after the close of the Plan year based on compensation contributed. Contributions are subject to certain limitations.
Additional Company contributions of a fixed dollar amount per workweek are made on behalf of certain associate groups at specified locations. These contributions are limited to non-highly compensated associates who are otherwise eligible to participate in the Plan.
Participant Accounts
Each participants account is credited with the participants contributions and allocations of (a) the Companys contributions, and (b) Plan earnings or losses, and charged with an allocation of administrative expenses. Forfeitures of terminated participants nonvested accounts are to be used to pay administrative expenses. Allocations are based on participant compensation contributed or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participants vested account.
4
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Vesting
Participants are immediately vested in their contributions plus actual earnings thereon. Participants are immediately 100% vested in Company contributions attributable to the 2001 Plan year and thereafter and earnings thereon. Vesting in the Company contributions prior to 2001 and earnings thereon is based on years of service, with participants becoming fully vested, regardless of the years of service, upon divestiture of unit (place of work), death, termination of employment due to permanent disability, or attainment of age 55 for salaried participants or age 45 for most hourly participants.
Participant Loans
Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. Loan terms range from one to four years or up to 10 years for the purchase of a primary residence. The loans are collateralized by the vested balance in the participants account and bear interest at the prime rate published by the Wall Street Journal plus 100 basis points. Interest rates range from 5.0% to 10.50%. Principal and interest are paid ratably through weekly or biweekly after-tax payroll deductions. Participants are limited to one outstanding loan. As of December 31, 2004 and 2003, participant loans totaled $46,461,001 and $40,821,794, respectively, and are recorded in investments, at fair value on the Statement of Net Assets Available for Benefits.
Payment of Benefits
A participant with an account balance of $5,000 or less must take a lump sum distribution. A participant with an account balance greater than $5,000 can elect to receive either a lump sum amount or installment payments equal to the value of the participants vested interest in his or her account.
Forfeited Accounts
On termination of service, the unvested portion of a participants Company contribution account is forfeited after five consecutive one-year breaks in service or, if earlier, when the participant takes a distribution of his entire account balance. Forfeitures are used to pay Plan expenses. As of December 31, 2004 and 2003, forfeiture credit balances of $371,510 and $190,164, respectively, were available to pay plan expenses.
5
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Notes to Financial Statements (continued)
1. Description of the Plan (continued)
Administration
The Profit Sharing Committee serves as the named fiduciary of the Plan. Administration of the Plan is under the direction of (i) the Profit Sharing Committee, all of whom are corporate officers of the Company, (ii) a trustee who is a corporate officer of the Company, and (iii) a Plan administrator, who is an employee of the Company. The trustees and their investment advisors and investment managers appointed by the Profit Sharing Committee are responsible for investment of the Plan assets.
Administrative and Investment Expenses
To the extent not paid by the Company or from forfeitures, certain administrative and all investment expenses are paid by the Plan and are allocated to participants based on account balances.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts.
2. Summary of Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are prepared under the accrual method of accounting. Benefits are recorded when paid.
Use of Estimates
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
6
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Notes to Financial Statements (continued)
2. Summary of Significant Accounting Policies (continued)
Investments Valuation and Income Recognition
Investments are stated at fair value except for the Plans investments in guaranteed investment contracts (GICs) with fully benefit responsive features, which are valued at contract value. Securities traded on a national securities exchange are valued at the last reported sales price on the last business day of the Plan year. Listed securities for which no sale was reported on that date are valued at the average of the last reported bid and ask prices. Shares of mutual funds are valued at quoted market prices, which represent the net asset value of shares held by the Plan at year-end. Shares of common/collective trusts are valued at estimated fair value as determined by the sponsor of the fund, which represents the net asset value of shares held by the Plan at year-end. Participant loans are valued at their unpaid balances, which approximates fair value.
The Company Stock Fund (Stock Fund) is tracked on a unitized basis. The Stock Fund consists of Marriott International, Inc. common stock, funds held in the Vanguard Money Market Fund sufficient to meet the Stock Funds daily cash needs, as well as interest and dividends receivable. Unitizing the Stock Fund allows for daily trades. The value of a unit reflects the combined market value of Marriott International, Inc. common stock, valued at its quoted market price, and the cash investments and receivables held by the Stock Fund. At December 31, 2004, 21,708,927 units were outstanding with a value of $20.6229 per unit (22,042,332 units were outstanding with a value of $15.0683 per unit at December 31, 2003).
Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Investment Options
Upon enrollment in the Plan, a participant may direct employer and employee contributions in any of the available investment options. Participants may change their investment options on a daily basis.
7
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Notes to Financial Statements (continued)
3. Investments
The following presents the fair value of individual investments that represent 5% or more of the Plans net assets:
December 31 |
|||||||
2004 |
2003 |
||||||
Marriott International, Inc. common stock |
$ | 444,098,684 | $ | 328,882,600 | |||
Dodge & Cox Stock Fund |
130,417,309 | | * |
* Investment is less than 5% of the Plans net assets for the period presented.
During 2004, the Plans investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated (depreciated) in value, as follows:
Investments at fair value as determined by quoted market prices: |
||||
Mutual funds |
$ | 46,953,754 | ||
Other common stock (including foreign common stock) |
66,330,476 | |||
Corporate bonds, notes and other obligations |
(383,825 | ) | ||
U.S. Government obligations |
(1,942,005 | ) | ||
Marriott International, Inc. common stock |
119,255,585 | |||
230,213,985 | ||||
Investments at estimated fair value: |
||||
Common/collective trusts |
6,665,646 | |||
$ | 236,879,631 | |||
4. Party-in-Interest
The Plan may, at the discretion of Plan participants, invest an unlimited amount of its assets in securities issued by the Company. The Plan held 7,051,424 and 7,118,671 shares of common stock of the Company as of December 31, 2004 and 2003, respectively. Dividends on Marriott International, Inc. common stock approximated $2,360,190 and $2,100,397 for the years ended December 31, 2004 and 2003, respectively.
8
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Notes to Financial Statements (continued)
4. Party-in-Interest (continued)
Certain investments are managed by T. Rowe Price Stable Asset Management and T. Rowe Price Associates, Inc., entities, that are related to the Plans custodian (T. Rowe Price Trust Company) and the Plan record-keeper (T. Rowe Price Retirement Plan Services, Inc.). Transactions involving these investments are considered to be party-in-interest transactions for which a statutory exemption exists. Fees paid by the Plan for the investment management services amounted to approximately $1,444,428 and $1,118,000 for T. Rowe Price Stable Asset Management and T. Rowe Price Associates, Inc. for the years ended December 31, 2004 and 2003, respectively.
5. Guaranteed Investment Contracts
The Plan is invested in certain investment contracts with insurance companies. The investment manager of these investment contracts is T. Rowe Price as of December 31, 2004. Prior to December 2004, Primco was the investment manager for a portion of these investment contracts. The investment contracts are credited with earnings on the underlying investments and charged for Plan withdrawals and administrative expenses. The Plan invests in both traditional GICs and synthetic GICs. The contracts are carried at contract value (which represents contributions made under the contract, plus earnings, less withdrawals and administrative expenses), because they are fully benefit responsive. There are no reserves against contract value for credit risk of the contract issuer or otherwise. The estimated fair value of the investment contracts at December 31, 2004 and 2003 was $479,860,905 and $460,409,116, respectively.
The fair values for the traditional GICs have been estimated based on a discounted cash flow analysis. The estimated fair value is calculated based on the net present value of expected future payments, which include interest and a lump sum contract amount, discounted at a rate determined by the quality of the GICs and the average remaining life. This calculation is necessary, as traditional GICs are not actively traded investments for which a daily fair value is readily available.
The issuers of the traditional GICs are generally insurance companies. Where there are no underlying assets collateralizing the investment, the Plans ultimate realization of amounts invested in traditional GICs is dependent on the continued financial stability of the issuers of the GICs.
9
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Notes to Financial Statements (continued)
5. Guaranteed Investment Contracts (continued)
The Plan owns the assets underlying the synthetic GICs, which consist primarily of U.S. government securities, corporate debt obligations, and mortgage-backed and other asset-backed securities. Fair values of the underlying securities are determined by closing prices on the last business day of the year for those securities traded on national exchanges, at the average bid quotations for those securities traded in over-the-counter markets or at fair value as determined by the investment manager for securities for which there is not an established market. Synthetic GICs utilize a benefit responsive wrapper contract issued by a financially responsible third party that provides market and cash flow risk protection to the Plan. The value of the wrapper contracts is the difference between the fair value of the underlying assets and the contract value attributable by the wrapper to these assets.
The average yield was approximately 4.93% and 4.72% for the years ended December 31, 2004 and 2003, respectively. The crediting interest rate at December 31, 2004 and 2003 ranged from 3.6% to 7.0% and 3.2% to 7.7%, respectively. Traditional GICs typically have fixed crediting interest rates. The synthetic GICs have crediting interest rates that reset, typically on a quarterly basis, based on a formula specified in the individual contracts. The minimum guaranteed rate is not less than 0%. However, upon the occurrence of certain events (none of which are currently known to have occurred, nor are any such events contemplated by management of the Plan), market value of the investment in the GICs (if lower than its book value) may be repaid.
6. Income Tax Status
The Plan has received a determination letter from the Internal Revenue Service dated March 30, 2001, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the Code) and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the Internal Revenue Service, the Plan was amended. The Plan filed an application for a determination letter from the Internal Revenue Service, requesting a determination on all significant amendments subsequent to the most recent determination letter. The Plan is required to operate in conformity with the Code to maintain its qualification. The Plan administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan, as restated, is qualified and the related trust is tax-exempt.
7. Reconciliation of Financial Statements and Form 5500
The following is a reconciliation of net assets available for benefits as reported in the financial statements to the Form 5500:
December 31 | ||||||
2004 |
2003 | |||||
Net assets available for benefits as reported in financial statements |
$ | 2,305,954,450 | $ | 1,973,865,876 | ||
Less distributions payable to terminated employees |
18,663 | 352,071 | ||||
Net assets available for benefits as reported in Form 5500 |
$ | 2,305,935,787 | $ | 1,973,513,805 | ||
10
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
Notes to Financial Statements (continued)
The following is a reconciliation of benefits paid to participants as reported in the financial statements to the Form 5500 for the year ended December 31, 2004:
Benefits paid to participants as reported in the financial statements |
$ | 140,627,809 | |
Add: Amounts allocated to withdrawing participants at year-end |
18,663 | ||
Less: Amounts allocated to withdrawing participants at prior year-end |
352,071 | ||
Benefits paid to participants as reported in the Form 5500 |
$ | 140,294,401 | |
Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to year-end but not yet paid as of that date.
11
Marriott International, Inc. Employees Profit Sharing, Retirement and
Savings Plan and Trust
EIN: 52-2055918; Plan No.: 002
Schedule H, Line 4iSchedule of Assets (Held at End of Year)
December 31, 2004
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
Marriott Mid Cap Growth Fund |
|||||||
BONY SHORT TERM INVESTMENT FUND* |
STIF | ** | $ | 352,919 | |||
ABGENIX INC |
Common Stock | ** | 248,160 | ||||
ADOBE SYSTEMS |
Common Stock | ** | 671,318 | ||||
ADTRAN INC |
Common Stock | ** | 323,466 | ||||
ALKERMES INC |
Common Stock | ** | 346,614 | ||||
ALLIANT TECHSYSTEMS INC |
Common Stock | ** | 1,542,968 | ||||
AMERICAN STANDARD COS |
Common Stock | ** | 1,061,924 | ||||
AMERISOURCEBERGEN CORP |
Common Stock | ** | 1,044,504 | ||||
AMERITRADE HLDNG |
Common Stock | ** | 1,249,938 | ||||
AMIS HOLDINGS INC |
Common Stock | ** | 502,208 | ||||
AMYLIN PHARMACEUTICALS |
Common Stock | ** | 348,064 | ||||
ANDRX GROUP |
Common Stock | ** | 552,299 | ||||
APOLLO GROUP INC - CL A |
Common Stock | ** | 524,615 | ||||
ASSURANT INC |
Common Stock | ** | 1,304,485 | ||||
AXIS CAPITAL HOLDINGS LTD |
Common Stock | ** | 558,144 | ||||
BARR PHARMACEUTICALS INC |
Common Stock | ** | 1,211,364 | ||||
BAUSCH & LOMB INC |
Common Stock | ** | 309,408 | ||||
BEST BUY COMPANY INC |
Common Stock | ** | 1,111,154 | ||||
BJ SERVICES CO. |
Common Stock | ** | 1,624,246 | ||||
BRUNSWICK CORP |
Common Stock | ** | 1,623,600 | ||||
C.H. ROBINSON WORLDWIDE |
Common Stock | ** | 805,040 | ||||
CACI INTERNATIONAL CL A |
Common Stock | ** | 878,877 | ||||
CADENCE DESIGN SYS INC |
Common Stock | ** | 1,035,750 | ||||
CAPITALSOURCE INC |
Common Stock | ** | 954,924 | ||||
CATALINA MARKETING CORP |
Common Stock | ** | 616,304 | ||||
CDW CORPORATION |
Common Stock | ** | 1,174,395 | ||||
CEPHALON INC |
Common Stock | ** | 1,200,768 | ||||
CERTEGY INC |
Common Stock | ** | 1,371,458 | ||||
CHECKFREE CORP. |
Common Stock | ** | 872,032 | ||||
CHEESECAKE FACTORY |
Common Stock | ** | 858,832 | ||||
CHOICE POINT INC |
Common Stock | ** | 2,005,164 | ||||
CITADEL BROABCASTING CORP |
Common Stock | ** | 1,396,334 | ||||
CITRIX SYSTEMS INC |
Common Stock | ** | 144,727 | ||||
CNET NETWORKS INC |
Common Stock | ** | 650,217 | ||||
COGNOS INC |
Common Stock | ** | 352,480 | ||||
COMMUNITY HEALTH SYSTEMS |
Common Stock | ** | 680,272 | ||||
COMVERSE TECHNOLOGY INC |
Common Stock | ** | 520,785 |
12
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
Marriott Mid Cap Growth Fund (continued) |
|||||||
COTT CORP |
Common Stock | ** | $ | 858,131 | |||
COVENTRY HEALTH CARE INC |
Common Stock | ** | 567,956 | ||||
COX RADIO INC |
Common Stock | ** | 456,496 | ||||
CROWN CASTLE INT. CORP. |
Common Stock | ** | 966,784 | ||||
DANAHER CORP |
Common Stock | ** | 1,159,682 | ||||
DAVITA INC. |
Common Stock | ** | 422,971 | ||||
DIAMOND OFFSHORE DRILLING |
Common Stock | ** | 1,077,345 | ||||
DIEBOLD INC. |
Common Stock | ** | 1,014,286 | ||||
DOLLAR TREE STORES INC |
Common Stock | ** | 453,144 | ||||
DST SYSTEMS INC. |
Common Stock | ** | 1,547,964 | ||||
EATON VANCE CORP |
Common Stock | ** | 1,063,860 | ||||
EDUCATION MANAGEMENT CORP |
Common Stock | ** | 759,230 | ||||
EDWARDS LIFESCIENCES CORP |
Common Stock | ** | 866,460 | ||||
ELAN CORP PLC ADR |
Common Stock | ** | 934,675 | ||||
ENTERCOM COMMUNICATIONS |
Common Stock | ** | 760,868 | ||||
EOG RESOURCES INC. |
Common Stock | ** | 991,904 | ||||
EXPEDITORS INTL WASH INC |
Common Stock | ** | 592,328 | ||||
EYETECH PHARMACEUTICALS |
Common Stock | ** | 464,100 | ||||
FAIRMONT HOTELS & RESORTS |
Common Stock | ** | 1,475,664 | ||||
FAMILY DOLLAR STORES |
Common Stock | ** | 1,258,569 | ||||
FISERV INC |
Common Stock | ** | 735,477 | ||||
FLEXTRONICS INTL LTD |
Common Stock | ** | 884,480 | ||||
FLIR SYSTEMS |
Common Stock | ** | 886,681 | ||||
FMC TECHNOLOGIES INC |
Common Stock | ** | 949,900 | ||||
FEDERATED INVESTORS INC-B |
Common Stock | ** | 498,560 | ||||
GARMIN LTD |
Common Stock | ** | 1,082,952 | ||||
GEN-PROBE |
Common Stock | ** | 434,016 | ||||
GENTEX CORP |
Common Stock | ** | 1,262,382 | ||||
GETTY IMAGES INC |
Common Stock | ** | 364,905 | ||||
GILEAD SCIENCES INC |
Common Stock | ** | 1,210,654 | ||||
GLOBAL PAYMENTS INC |
Common Stock | ** | 924,932 | ||||
HARRIS CORP |
Common Stock | ** | 1,791,910 | ||||
HEALTH MGT ASSOC. |
Common Stock | ** | 1,088,288 | ||||
HEWITT ASSOCIA-A |
Common Stock | ** | 681,813 | ||||
HUMAN GENOME SCIENCES INC |
Common Stock | ** | 301,702 | ||||
IAC/INTERACTIVECORP |
Common Stock | ** | 510,970 | ||||
IMCLONE SYSTEMS |
Common Stock | ** | 327,168 | ||||
INAMED CORP |
Common Stock | ** | 271,975 | ||||
INTEGRATED CIRCUIT SYSTEM |
Common Stock | ** | 554,380 | ||||
INTERSIL CORPORATION |
Common Stock | ** | 897,264 | ||||
Marriott Mid Cap Growth Fund (continued) |
|||||||
INTUIT INC |
Common Stock | ** | $ | 374,085 | |||
INVESTORS FINANCIAL SVCS |
Common Stock | ** | 599,760 | ||||
INVITROGEN CORP. |
Common Stock | ** | 678,013 |
13
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
IRON MOUNTAIN INC |
Common Stock | ** | 1,277,531 | ||||
ITT INDUSTRIES INC. |
Common Stock | ** | 1,148,520 | ||||
IVAX CORP |
Common Stock | ** | 947,223 | ||||
JABIL CIRCUIT INC. |
Common Stock | ** | 900,416 | ||||
JACK HENRY & ASSOCIATES |
Common Stock | ** | 545,534 | ||||
JET BLUE AIRWAYS CORP |
Common Stock | ** | 745,362 | ||||
JUNIPER NETWORKS INC |
Common Stock | ** | 587,304 | ||||
KINETIC CONCEPTS |
Common Stock | ** | 1,381,030 | ||||
LABORATORY CORP OF AMER |
Common Stock | ** | 1,409,906 | ||||
LEGG MASON INC. |
Common Stock | ** | 945,054 | ||||
LEXMARK INTERNATIONAL INC |
Common Stock | ** | 221,000 | ||||
MANOR CARE INC. |
Common Stock | ** | 1,509,318 | ||||
MANPOWER INC. |
Common Stock | ** | 1,424,850 | ||||
MCAFEE INC. |
Common Stock | ** | 1,643,224 | ||||
MEDIMMUNE, INC. |
Common Stock | ** | 1,903,122 | ||||
MERCURY INTERACTIVE CORP. |
Common Stock | ** | 829,010 | ||||
MICROCHIP TECHNOLOGY INC |
Common Stock | ** | 973,090 | ||||
MONEYGRAM INTL INC |
Common Stock | ** | 953,414 | ||||
MONSTER WORLDWIDE INC |
Common Stock | ** | 928,464 | ||||
MSC INDUSTRIAL DIRECT CO |
Common Stock | ** | 212,282 | ||||
MURPHY OIL CORP |
Common Stock | ** | 1,391,785 | ||||
NAVTEQ CORP |
Common Stock | ** | 1,186,816 | ||||
NEUROCRINE BIOSCIENCES |
Common Stock | ** | 640,900 | ||||
NEWMONT MINING CORP |
Common Stock | ** | 954,815 | ||||
NEXTEL COMMUNICATIONS |
Common Stock | ** | 573,000 | ||||
NEXTEL PARTNERS INC -CL A |
Common Stock | ** | 1,033,666 | ||||
NOVELLUS SYSTEMS INC |
Common Stock | ** | 970,572 | ||||
NUCOR CORP |
Common Stock | ** | 1,172,416 | ||||
OMNICARE INC. |
Common Stock | ** | 1,789,854 | ||||
OREILLY AUTOMOTIVE INC |
Common Stock | ** | 788,375 | ||||
OSHKOSH TRUCK CORP-CL B |
Common Stock | ** | 1,196,650 | ||||
P.F.CHANGS CHINA BISTRO |
Common Stock | ** | 602,945 | ||||
PETSMART INC. |
Common Stock | ** | 1,296,845 | ||||
PMC - SIERRA INC. |
Common Stock | ** | 486,000 | ||||
POTASH CORP OF SASK. |
Common Stock | ** | 1,503,386 | ||||
PRINCIPLE FINANCIAL GRP |
Common Stock | ** | 921,150 | ||||
PROTECTIVE LIFE CORP. |
Common Stock | ** | 747,075 | ||||
Marriott Mid Cap Growth Fund (continued) |
|||||||
PROTEIN DESIGN LABS INC |
Common Stock | ** | $ | 382,210 | |||
QLOGIC CORP |
Common Stock | ** | 888,866 | ||||
RADIAN GROUP INC. |
Common Stock | ** | 750,684 | ||||
RED HAT INC |
Common Stock | ** | 538,005 | ||||
ROBERT HALF INTL INC |
Common Stock | ** | 703,377 | ||||
ROCKWELL COLLINS |
Common Stock | ** | 1,703,807 | ||||
ROGERS COMMUNICATIONS B |
Common Stock | ** | 1,189,825 | ||||
ROPER INDUSTRIES INC. |
Common Stock | ** | 1,707,637 |
14
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
ROSS STORES INC |
Common Stock | ** | 944,049 | ||||
SCHOLASTIC CORP. |
Common Stock | ** | 665,280 | ||||
SEMTECH CORP |
Common Stock | ** | 538,002 | ||||
SEPRACOR INC |
Common Stock | ** | 504,645 | ||||
SHOPPERS DRUG MART CORP. |
Common Stock | ** | 544,360 | ||||
SILICON VALLEY BANCSHARES |
Common Stock | ** | 286,848 | ||||
SMITH INTERNATIONAL INC |
Common Stock | ** | 1,240,547 | ||||
SOUTHWEST AIRLINES |
Common Stock | ** | 1,022,384 | ||||
SUNGARD DATA SYSTEMS |
Common Stock | ** | 555,268 | ||||
T ROWE RESERVE INV FUND* |
Mutual Fund | ** | 1,910,510 | ||||
TARO PHARMACEUTICAL IND |
Common Stock | ** | 435,584 | ||||
TELEFLEX INC |
Common Stock | ** | 753,130 | ||||
TELUS CORP |
Common Stock | ** | 849,461 | ||||
VALEANT PHARMACEUTICALS |
Common Stock | ** | 919,615 | ||||
VARIAN MEDICAL SYSTEMS |
Common Stock | ** | 255,116 | ||||
VERISIGN INC |
Common Stock | ** | 1,578,792 | ||||
VERITAS SOFTWARE CORP |
Common Stock | ** | 179,865 | ||||
VERTEX PHARMACEUTICALS |
Common Stock | ** | 252,623 | ||||
VIAD CORP-W/I |
Common Stock | ** | 388,889 | ||||
WADDELL REED FINANCIAL-A |
Common Stock | ** | 1,084,605 | ||||
WATERS CORP COMMON STOCK |
Common Stock | ** | 701,850 | ||||
WESTERN GAS RESOURCE INC |
Common Stock | ** | 745,875 | ||||
WESTERN WIRELESS-CL A |
Common Stock | ** | 1,098,750 | ||||
WHOLE FOODS MARKET INC |
Common Stock | ** | 1,163,270 | ||||
WILLIAMS-SONOMA INC |
Common Stock | ** | 746,352 | ||||
WILLIS GROUP HLDNGS LTD |
Common Stock | ** | 942,793 | ||||
XILINX INC |
Common Stock | ** | 954,730 | ||||
XM SATELLITE RADIO HOLD |
Common Stock | ** | 564,300 | ||||
XTO ENERGY INC |
Common Stock | ** | 1,217,957 | ||||
$ | 135,686,206 | ||||||
Marriott Small Cap Equity Fund |
|||||||
BONY SHORT TERM INVESTMENT FUND* |
STIF | ** | $ | 2,496,065 | |||
AMERICAN GREETINGS CL - A |
Common Stock | ** | 590,655 | ||||
ANDREW CORP |
Common Stock | ** | 545,200 | ||||
ANIXTER INTL INC |
Common Stock | ** | 716,201 | ||||
BOB EVANS FARMS |
Common Stock | ** | 478,362 | ||||
BRADY CORPORATION-CL A |
Common Stock | ** | 1,038,662 | ||||
CAESARS ENTERTAINMENT INC |
Common Stock | ** | 910,328 | ||||
CERTEGY INC |
Common Stock | ** | 60,401 | ||||
CHITTENDEN CORP |
Common Stock | ** | 336,141 | ||||
DEVRY INC |
Common Stock | ** | 184,016 | ||||
ENERGIZER HOLDINGS INC. |
Common Stock | ** | 775,164 | ||||
GENERAL BINDING CORP |
Common Stock | ** | 236,520 | ||||
GRACO INC |
Common Stock | ** | 272,655 | ||||
GREATER BAY BANCORP |
Common Stock | ** | 387,532 | ||||
HASBRO INC. |
Common Stock | ** | 718,998 |
15
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
HCC INSURANCE HOLDINGS |
Common Stock | ** | 864,432 | ||||
HORACE MANN EDUCATORS |
Common Stock | ** | 496,080 | ||||
IDEX CORP |
Common Stock | ** | 1,063,125 | ||||
INTERFACE INC |
Common Stock | ** | 312,061 | ||||
INVACARE CORP |
Common Stock | ** | 823,428 | ||||
JANUS CAPITAL GROUP INC. |
Common Stock | ** | 872,439 | ||||
JM SMUCKER CO. NEW |
Common Stock | ** | 555,426 | ||||
JONES LANG LASALLE INC |
Common Stock | ** | 763,164 | ||||
JOURNAL REGISTER CO |
Common Stock | ** | 334,409 | ||||
LEE ENTERPRISES INC |
Common Stock | ** | 847,872 | ||||
LIBBEY INC |
Common Stock | ** | 264,299 | ||||
LITTELFUSE INC |
Common Stock | ** | 215,208 | ||||
LONG DRUG STORES CORP |
Common Stock | ** | 228,831 | ||||
MARKEL CORP |
Common Stock | ** | 1,092,000 | ||||
MATTHEWS INTL CORP - CL A |
Common Stock | ** | 404,800 | ||||
MCCORMICK & CO NON-VTG SH |
Common Stock | ** | 497,940 | ||||
MILLER (HERMAN) INC |
Common Stock | ** | 654,831 | ||||
NEIMAN MARCUS GRP INC - A |
Common Stock | ** | 944,328 | ||||
RADIO ONE INC. CL D W/I |
Common Stock | ** | 433,628 | ||||
ROYCE TOTAL RETURN - FIN |
Mutual Fund | ** | 70,517,467 | ||||
S & T BANCORP |
Common Stock | ** | 192,219 | ||||
SERVICEMASTER COMPANY |
Common Stock | ** | 746,039 | ||||
STEELCASE INC-CL A |
Common Stock | ** | 510,696 | ||||
SYBRON DENTAL SPECIALTIES |
Common Stock | ** | 452,864 | ||||
VALASSIS COMM INC |
Common Stock | ** | 833,238 | ||||
WADDELL REED FINANCIAL-A |
Common Stock | ** | 731,034 | ||||
$ | 95,398,758 | ||||||
Marriott Large Cap Equity Fund |
|||||||
BONY SHORT TERM INVESTMENT FUND* |
Common Stock | ** | $ | 6,384,803 | |||
ABBOTT LABORATORIES |
Common Stock | ** | 1,030,965 | ||||
ACCENTURE LTD CL A |
Common Stock | ** | 270,000 | ||||
ADOBE SYSTEMS |
Common Stock | ** | 1,524,582 | ||||
AKZO NOBEL NV-SPON ADR |
Common Stock | ** | 3,144,260 | ||||
ALCOA INC |
Common Stock | ** | 411,602 | ||||
ALTRIA GROUP INC. |
Common Stock | ** | 1,173,120 | ||||
AMERADA HESS CORPORATION |
Common Stock | ** | 1,243,938 | ||||
AMERICAN ELECTRIC POWER |
Common Stock | ** | 1,506,839 | ||||
AMERICAN EXPRESS CO. |
Common Stock | ** | 1,843,299 | ||||
AMERICAN INTL GROUP |
Common Stock | ** | 2,715,455 | ||||
AMERICAN POWER CONVERSION |
Common Stock | ** | 100,580 | ||||
AMGEN INC |
Common Stock | ** | 2,168,270 | ||||
ANALOG DEVICES INC (ADI) |
Common Stock | ** | 1,015,300 | ||||
APOLLO GROUP INC - CL A |
Common Stock | ** | 960,449 | ||||
AT&T CORP |
Common Stock | ** | 3,751,008 | ||||
AVAYA INC |
Common Stock | ** | 863,440 | ||||
BAKER HUGHES INC |
Common Stock | ** | 1,685,465 | ||||
BAKER HUGHES INC |
Common Stock | ** | 1,565,989 |
16
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
BANK AMERICA CORP. |
Common Stock | ** | 1,607,058 | ||||
BANK OF NEW YORK CO INC |
Common Stock | ** | 497,958 | ||||
BECTON DICKINSON & CO. |
Common Stock | ** | 1,096,240 | ||||
BEST BUY COMPANY INC |
Common Stock | ** | 1,185,429 | ||||
BIOGEN IDEC, INC. |
Common Stock | ** | 726,049 | ||||
BIOMET INC. |
Common Stock | ** | 672,545 | ||||
BMC SOFTWARE INC. |
Common Stock | ** | 734,700 | ||||
BOSTON SCIENTIFIC CORP. |
Common Stock | ** | 636,345 | ||||
BRISTOL-MYERS SQUIBB CO |
Common Stock | ** | 1,119,594 | ||||
CAPITAL ONE |
Common Stock | ** | 3,536,820 | ||||
CARDINAL HEALTH INC |
Common Stock | ** | 3,791,380 | ||||
CARNIVAL CORPORATION |
Common Stock | ** | 1,619,403 | ||||
CHEVRONTEXACO CORPORATION |
Common Stock | ** | 2,783,030 | ||||
CHUBB CORP |
Common Stock | ** | 1,445,720 | ||||
CISCO SYSTEMS INC |
Common Stock | ** | 2,121,070 | ||||
CIT GROUP INC |
Common Stock | ** | 1,580,790 | ||||
CITIGROUP INC |
Common Stock | ** | 5,084,869 | ||||
CLEAR CHANNEL COMM. |
Common Stock | ** | 1,188,895 | ||||
COCA COLA |
Common Stock | ** | 753,503 | ||||
COMCAST CORP SPECIAL CL-A |
Common Stock | ** | 1,136,264 | ||||
COMCAST CORP. CL-A |
Common Stock | ** | 4,746,893 | ||||
COMPUTER SCIENCES CORP |
Common Stock | ** | 2,395,725 | ||||
COMPUWARE CORP |
Common Stock | ** | 1,018,378 | ||||
Marriott Large Cap Equity Fund (continued) |
|||||||
CONOCOPHILLIPS |
Common Stock | ** | $ | 1,866,845 | |||
CVS CORP |
Common Stock | ** | 446,193 | ||||
DANAHER CORP |
Common Stock | ** | 3,008,284 | ||||
DEERE & CO |
Common Stock | ** | 364,560 | ||||
DELL INC. |
Common Stock | ** | 3,029,866 | ||||
DELPHI CORP |
Common Stock | ** | 1,070,755 | ||||
DILLARDS INC - CL A |
Common Stock | ** | 591,140 | ||||
DONNELLEY (R.R.) & SONS |
Common Stock | ** | 1,235,150 | ||||
DOW CHEMICALS |
Common Stock | ** | 3,461,195 | ||||
DUKE ENERGY CORP |
Common Stock | ** | 2,330,360 | ||||
E.W. SCRIPPS CO |
Common Stock | ** | 849,728 | ||||
EASTMAN KODAK COMPANY |
Common Stock | ** | 387,000 | ||||
EBAY INC |
Common Stock | ** | 1,662,804 | ||||
ELECTRONIC DATA SYS. |
Common Stock | ** | 2,633,400 | ||||
ENGELHARD CORP. |
Common Stock | ** | 843,425 | ||||
EQUITY OFFICE PROP TRST |
Common Stock | ** | 2,242,240 | ||||
EXXON MOBIL CORPORATION |
Common Stock | ** | 1,908,820 | ||||
FED NATL MTG ASSN |
Common Stock | ** | 769,068 | ||||
FEDEX CORPORATION |
Common Stock | ** | 2,462,250 | ||||
FIRST DATA CORP |
Common Stock | ** | 1,359,238 | ||||
FIRSTENERGY CORP. |
Common Stock | ** | 691,425 | ||||
FISERV INC |
Common Stock | ** | 598,831 |
17
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
FLUOR CORP. (NEW) |
Common Stock | ** | 1,199,220 | ||||
FOREST LABORATORIES |
Common Stock | ** | 659,442 | ||||
FRANKLIN RESOURCES INC |
Common Stock | ** | 1,455,685 | ||||
FREDDIE MAC |
Common Stock | ** | 1,864,610 | ||||
FREESCALE SEMI-A |
Common Stock | ** | 356,400 | ||||
FREESCALE SEMICONDUCTOR |
Common Stock | ** | 122,645 | ||||
GAP INC |
Common Stock | ** | 865,920 | ||||
GENENTECH INC |
Common Stock | ** | 609,728 | ||||
GENERAL DYNAMICS CORP |
Common Stock | ** | 523,000 | ||||
GENERAL ELECTRIC CO. |
Common Stock | ** | 4,241,300 | ||||
GENUINE PARTS COMPANY |
Common Stock | ** | 1,916,610 | ||||
GENWORTH FINL INC CL A |
Common Stock | ** | 756,000 | ||||
GILLETTE COMPANY |
Common Stock | ** | 559,750 | ||||
GLAXO WELLCOME ADR |
Common Stock | ** | 1,753,430 | ||||
GOLDEN WEST FINANCIAL COR |
Common Stock | ** | 2,395,380 | ||||
GOLDMAN SACHS GROUP INC |
Common Stock | ** | 1,238,076 | ||||
HARLEY-DAVIDSON |
Common Stock | ** | 1,506,600 | ||||
HARRFORD FINANCIAL SVC GP |
Common Stock | ** | 1,164,408 | ||||
HCA INC |
Common Stock | ** | 3,656,340 | ||||
HEWLETT PACKARD CO. |
Common Stock | ** | 4,329,571 | ||||
Marriott Large Cap Equity Fund (continued) |
|||||||
HOME DEPOT INC. |
Common Stock | ** | $ | 2,340,015 | |||
HONDA MOTOR CO LTD-SP ADR |
Common Stock | ** | 677,560 | ||||
HONEYWELL INTL INC. |
Common Stock | ** | 729,446 | ||||
IAC/INTERACTIVECORP |
Common Stock | ** | 651,832 | ||||
INTEL CORPORATION |
Common Stock | ** | 1,478,248 | ||||
INTERNATIONAL PAPER CO |
Common Stock | ** | 798,000 | ||||
INTERPUBLIC GROUP COS INC |
Common Stock | ** | 20,100 | ||||
INTL BUSINESS MACHINE |
Common Stock | ** | 660,486 | ||||
INTL GAME TECHNOLOGY |
Common Stock | ** | 1,571,166 | ||||
INTUIT INC |
Common Stock | ** | 1,069,443 | ||||
JOHNSON & JOHNSON |
Common Stock | ** | 2,283,120 | ||||
JPMORGAN CHASE & CO. |
Common Stock | ** | 2,916,544 | ||||
JUNIPER NETWORKS INC |
Common Stock | ** | 339,875 | ||||
KOHLS CORPORATION |
Common Stock | ** | 511,368 | ||||
LEGG MASON INC. |
Common Stock | ** | 1,333,332 | ||||
LEXMARK INTERNATIONAL INC |
Common Stock | ** | 892,500 | ||||
LIBERTY MEDIA CORP |
Common Stock | ** | 1,418,616 | ||||
LILLY ELI & COMPANY |
Common Stock | ** | 851,250 | ||||
LOCKHEED MARTIN CORP |
Common Stock | ** | 588,830 | ||||
LOEWS CORP |
Common Stock | ** | 1,982,460 | ||||
LUBRIZOL CORP |
Common Stock | ** | 394,402 | ||||
MARSH & MCLENNAN COS |
Common Stock | ** | 914,620 | ||||
MASCO CORP |
Common Stock | ** | 1,552,525 | ||||
MATSUSHITA ELECTRIC ADR |
Common Stock | ** | 1,637,100 | ||||
MAXIM INTEGRATED PRODUCTS |
Common Stock | ** | 1,716,795 |
18
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
MAY DEPARTMENT STORES |
Common Stock | ** | 2,425,500 | ||||
MBIA INC. |
Common Stock | ** | 246,792 | ||||
MCDONALDS CORP |
Common Stock | ** | 3,718,960 | ||||
MEDTRONIC INC |
Common Stock | ** | 1,519,902 | ||||
MELLON FINANCIAL CORP. |
Common Stock | ** | 1,350,174 | ||||
MERRILL LYNCH & CO |
Common Stock | ** | 1,147,584 | ||||
MICROSOFT CORPORATION |
Common Stock | ** | 4,559,397 | ||||
MORGAN STANLEY |
Common Stock | ** | 821,696 | ||||
MOTOROLA INC (MOT) |
Common Stock | ** | 1,040,600 | ||||
NCR CORPORATION |
Common Stock | ** | 969,220 | ||||
NEWS CORP INC CL-A W/I |
Common Stock | ** | 3,657,360 | ||||
NEXTEL COMMUNICATIONS |
Common Stock | ** | 1,089,000 | ||||
NOKIA CORP |
Common Stock | ** | 385,482 | ||||
NORTHERN TRUST CORP |
Common Stock | ** | 884,156 | ||||
NOVA CHEMICALS |
Common Stock | ** | 846,670 | ||||
OCCIDENTAL PETROLEUM CORP |
Common Stock | ** | 1,184,708 | ||||
OMNICOM GROUP |
Common Stock | ** | 514,352 | ||||
Marriott Large Cap Equity Fund (continued) |
|||||||
ORACLE CORPORATION |
Common Stock | ** | $ | 589,960 | |||
PAYCHEX INC |
Common Stock | ** | 361,248 | ||||
PEPSICO INC |
Common Stock | ** | 1,299,780 | ||||
PFIZER INC |
Common Stock | ** | 2,342,549 | ||||
PFIZER INC |
Common Stock | ** | 2,689,000 | ||||
PITNEY BOWES INC |
Common Stock | ** | 1,157,000 | ||||
PROCTER & GAMBLE |
Common Stock | ** | 1,531,224 | ||||
QUALCOMM INC. |
Common Stock | ** | 1,263,520 | ||||
RIO TINTO PLC |
Common Stock | ** | 2,086,175 | ||||
ROHM & HAAS CO |
Common Stock | ** | 1,415,360 | ||||
ROYAL DUTCH PETRO-NY SHRS |
Common Stock | ** | 2,237,820 | ||||
SAFECO CORP |
Common Stock | ** | 783,600 | ||||
SCHERING PLOUGH (SGP) |
Common Stock | ** | 3,012,984 | ||||
SCHLUMBERGER LIMITED |
Common Stock | ** | 622,635 | ||||
SCHLUMBERGER LIMITED |
Common Stock | ** | 1,961,635 | ||||
SCHWAB (CHARLES) CORP |
Common Stock | ** | 587,236 | ||||
SCOTTISH POWER PLC-ADR |
Common Stock | ** | 607,620 | ||||
SLM CORP |
Common Stock | ** | 1,414,835 | ||||
SMITH INTERNATIONAL INC |
Common Stock | ** | 1,066,436 | ||||
SONY CORP - SPONS ADR |
Common Stock | ** | 2,980,440 | ||||
ST JUDE MEDICAL INC |
Common Stock | ** | 398,335 | ||||
ST PAUL TRAVELERS COS INC |
Common Stock | ** | 2,428,085 | ||||
ST PAUL TRAVELERS COS INC |
Common Stock | ** | 706,221 | ||||
STATE STREET CORP |
Common Stock | ** | 2,401,968 | ||||
STORAGE TECHNOLOGY CORP |
Common Stock | ** | 708,064 | ||||
STRYKER CORP |
Common Stock | ** | 386,000 | ||||
SYMANTEC CORP. |
Common Stock | ** | 716,128 | ||||
SYNGENTA AG |
Common Stock | ** | 992,775 |
19
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
T ROWE RESERVE INV FUND* |
Mutual Fund | ** | 174,293 | ||||
TARGET CORPORATION |
Common Stock | ** | 2,149,902 | ||||
TELUS CORP |
Common Stock | ** | 199,518 | ||||
TELUS CORP NON-VOTING SHS |
Common Stock | ** | 274,550 | ||||
TEXAS INSTRUMENTS INC |
Common Stock | ** | 819,846 | ||||
THERMO ELECTRON CORP |
Common Stock | ** | 1,071,745 | ||||
TIME WARNER COS INC |
Common Stock | ** | 3,654,720 | ||||
TIME WARNER COS INC |
Common Stock | ** | 1,447,308 | ||||
TORCHMARK CORP |
Common Stock | ** | 1,342,790 | ||||
TYCO INTERNATIONAL INC. |
Common Stock | ** | 3,145,120 | ||||
UNILEVER NV - NY SHARES |
Common Stock | ** | 2,501,625 | ||||
UNION PACIFIC CORP |
Common Stock | ** | 2,555,500 | ||||
UNITED PARCEL SERVICE -B |
Common Stock | ** | 1,786,114 | ||||
UNITEDHEALTH GROUP INC. |
Common Stock | ** | 4,612,772 | ||||
Marriott Large Cap Equity Fund (continued) |
|||||||
UNOCAL CORPORATION |
Common Stock | ** | $ | 1,911,208 | |||
UNUMPROVIDENT CORPORATION |
Common Stock | ** | 1,031,550 | ||||
US BANCORP |
Common Stock | ** | 952,128 | ||||
VANGUARD MONEY MARKET -MF |
Mutual Fund | ** | 8,464,650 | ||||
VERITAS SOFTWARE CORP |
Common Stock | ** | 411,120 | ||||
VF CORP |
Common Stock | ** | 703,326 | ||||
VIACOM INC |
Common Stock | ** | 1,907,855 | ||||
VODAFONE GROUP PLC. ADR |
Common Stock | ** | 821,400 | ||||
VODAFONE GROUP PLC. ADR |
Common Stock | ** | 1,837,197 | ||||
WACHOVIA CORP |
Common Stock | ** | 2,961,380 | ||||
WAL MART STORES INC |
Common Stock | ** | 2,213,157 | ||||
WASTE MANAGEMENT INC |
Common Stock | ** | 589,818 | ||||
WELLPOINT INC |
Common Stock | ** | 1,736,500 | ||||
WELLPOINT INC |
Common Stock | ** | 2,277,000 | ||||
WELLS FARGO & CO (NEW) |
Common Stock | ** | 1,460,525 | ||||
WELLS FARGO & CO (NEW) |
Common Stock | ** | 1,373,515 | ||||
WHIRLPOOL CORP |
Common Stock | ** | 1,155,806 | ||||
WYETH |
Common Stock | ** | 1,618,420 | ||||
WYETH |
Common Stock | ** | 1,520,463 | ||||
XEROX CORP |
Common Stock | ** | 3,402,000 | ||||
XILINX INC |
Common Stock | ** | 910,255 | ||||
299,259,609 | |||||||
Marriott Large Cap Growth Fund |
|||||||
ADOBE SYSTEMS |
Common Stock | ** | 1,599,870 | ||||
AMAZON COM. INC |
Common Stock | ** | 983,238 | ||||
AMGEN INC |
Common Stock | ** | 1,186,775 | ||||
APOLLO GROUP INC - CL A |
Common Stock | ** | 1,436,638 | ||||
APPLIED MATERIALS INC |
Common Stock | ** | 1,827,990 | ||||
BJ SERVICES CO. |
Common Stock | ** | 1,363,622 | ||||
BMC SOFTWARE INC. |
Common Stock | ** | 734,700 |
20
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
BOEING COMPANY |
Common Stock | ** | 1,527,215 | ||||
BOSTON SCIENTIFIC CORP. |
Common Stock | ** | 1,830,825 | ||||
CAPITAL ONE |
Common Stock | ** | 2,484,195 | ||||
CAREMARK RX, INC. |
Common Stock | ** | 2,062,189 | ||||
CENDANT CORP |
Common Stock | ** | 1,996,652 | ||||
CISCO SYSTEMS INC |
Common Stock | ** | 1,619,270 | ||||
CITIGROUP INC |
Common Stock | ** | 1,565,850 | ||||
COMCAST CORP SPECIAL CL-A |
Common Stock | ** | 2,308,652 | ||||
COMMERCE BANCORP INC/NJ |
Common Stock | ** | 1,706,600 | ||||
CORNING INC |
Common Stock | ** | 2,192,751 | ||||
EXXON MOBIL CORPORATION |
Common Stock | ** | 1,835,108 | ||||
Marriott Large Cap Growth Fund (continued) |
|||||||
FREDDIE MAC |
Common Stock | ** | $ | 1,842,500 | |||
GLAXO WELLCOME ADR |
Common Stock | ** | 1,753,430 | ||||
GOLDMAN SACHS GROUP INC |
Common Stock | ** | 1,414,944 | ||||
HALLIBURTON COMPANY. |
Common Stock | ** | 2,370,096 | ||||
HERSHEY FOODS CORP |
Common Stock | ** | 1,455,148 | ||||
IAC/INTERACTIVECORP |
Common Stock | ** | 1,320,236 | ||||
JONES APPAREL GROUP INC |
Common Stock | ** | 1,499,370 | ||||
JUNIPER NETWORKS INC |
Common Stock | ** | 1,155,575 | ||||
LENNAR CORPORATION CL-A |
Common Stock | ** | 1,638,052 | ||||
MBNA CORP |
Common Stock | ** | 1,581,459 | ||||
MERCURY INTERACTIVE CORP. |
Common Stock | ** | 1,676,240 | ||||
MERRILL LYNCH & CO |
Common Stock | ** | 1,811,031 | ||||
MICROSOFT CORPORATION |
Common Stock | ** | 1,348,855 | ||||
MICRON TECHNOLOGY INC |
Common Stock | ** | 1,238,705 | ||||
MONSANTO COMPANY |
Common Stock | ** | 2,099,790 | ||||
MOTOROLA INC (MOT) |
Common Stock | ** | 2,208,480 | ||||
NIKE INC - CL B |
Common Stock | ** | 1,623,351 | ||||
T ROWE PRICE GROUP INC* |
Common Stock | ** | 1,349,740 | ||||
QUALCOMM INC. |
Common Stock | ** | 1,301,680 | ||||
ROCKWELL COLLINS |
Common Stock | ** | 1,411,952 | ||||
ST JUDE MEDICAL INC |
Common Stock | ** | 2,851,240 | ||||
TARGET CORPORATION |
Common Stock | ** | 1,687,725 | ||||
TERADYNE INC. |
Common Stock | ** | 1,290,492 | ||||
3M CO |
Common Stock | ** | 1,559,330 | ||||
TIME WARNER COS INC |
Common Stock | ** | 2,109,240 | ||||
VERITAS SOFTWARE CORP |
Common Stock | ** | 1,378,965 | ||||
TEVA PHARMACEUTICAL ADR |
Common Stock | ** | 2,012,564 | ||||
TYCO INTERNATIONAL INC. |
Common Stock | ** | 2,712,666 | ||||
77,964,996 | |||||||
Marriott Balanced Fund |
|||||||
BONY SHORT TERM INVESTMENT FUND* |
STIF | ** | 3,978,296 | ||||
VANGUARD MONEY MARKET -MF |
Mutual Fund | ** | 4,973,944 | ||||
3M CO |
Common Stock | ** | 1,362,362 |
21
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
3M CO |
Common Stock | ** | 533,455 | ||||
ACE LTD |
Common Stock | ** | 1,423,575 | ||||
AFLAC |
Common Stock | ** | 191,232 | ||||
AIR PRODUCTS & CHEMICALS |
Common Stock | ** | 492,745 | ||||
ALCOA INC |
Common Stock | ** | 430,454 | ||||
ALLSTATE CORP |
Common Stock | ** | 439,620 | ||||
ALTRIA GROUP INC. |
Common Stock | ** | 1,979,640 | ||||
AMER HOME P 3/15/2011 |
Corporate Bond | ** | 788,173 | ||||
Marriott Balanced Fund (continued) |
|||||||
AMERADA HESS 6.65% 08/11 |
Corporate Bond | ** | $ | 82,476 | |||
AMERADA HESS CORP 10/1/29 |
Corporate Bond | ** | 265,367 | ||||
AMERICAN EXPRESS CO. |
Common Stock | ** | 1,285,236 | ||||
AMERICAN INTL GROUP |
Common Stock | ** | 1,988,159 | ||||
AMERICAN INTL GROUP |
Common Stock | ** | 2,272,182 | ||||
AMERICAN STANDARD COS |
Common Stock | ** | 502,038 | ||||
AMGEN INC |
Common Stock | ** | 1,680,730 | ||||
APPLERA CORP-APPLIED BIO |
Common Stock | ** | 271,830 | ||||
ARKANSAS 9.75% 11/15/2014 |
Corporate Bond | ** | 659,450 | ||||
AT&T CORP 11/15/31 |
Corporate Bond | ** | 902,880 | ||||
AT&T CORP 8.05%11/15/11 |
Corporate Bond | ** | 518,063 | ||||
AVON PRODUCTS INC |
Common Stock | ** | 1,056,510 | ||||
AXIS CAPITAL HOLDINGS LTD |
Common Stock | ** | 574,560 | ||||
BAKER HUGHES INC |
Common Stock | ** | 507,773 | ||||
BANK AMERICA CORP. |
Common Stock | ** | 1,715,135 | ||||
BANK ONE CA 9/1/2030 |
Corporate Bond | ** | 537,352 | ||||
BANK ONE CORP 02/01/06 |
Corporate Bond | ** | 569,344 | ||||
BECKMAN COULTER INC |
Common Stock | ** | 113,883 | ||||
BED BATH & BEYOND INC |
Common Stock | ** | 1,398,033 | ||||
BED BATH & BEYOND INC |
Common Stock | 219,065 | |||||
BELLSOUTH CORP |
Common Stock | ** | 369,607 | ||||
BOSTON PROP 1/15/2013 |
Corporate Bond | ** | 326,109 | ||||
BOSTON PROP 4/15/2015 |
Corporate Bond | ** | 360,770 | ||||
BOSTON SCIENTIFIC CORP. |
Common Stock | ** | 1,820,160 | ||||
BOSTON SCIENTIFIC CORP. |
Common Stock | ** | 1,596,195 | ||||
BP PLC ADR |
Common Stock | ** | 922,720 | ||||
BURLINGTON NORTHERN |
Common Stock | ** | 492,024 | ||||
BURLINGTON/ 1/2/2021 |
Corporate Bond | ** | 1,403,195 | ||||
CARDINAL HE 6/15/2015 |
Corporate Bond | ** | 88,902 | ||||
CAREMARK RX, INC. |
Common Stock | ** | 607,222 | ||||
CAREMARK RX, INC. |
Common Stock | ** | 378,528 | ||||
CATERPILLAR INC. |
Common Stock | ** | 1,745,429 | ||||
CIGNA CORP 1/15/2033 |
Corporate Bond | ** | 501,264 | ||||
CIGNA CORP 5/15/2007 |
Corporate Bond | ** | 537,162 | ||||
CIT GROUP I 9/25/2007 |
Corporate Bond | ** | 115,638 | ||||
CITICORP CA 2/15/2027 |
Corporate Bond | ** | 391,216 | ||||
CITIGROUP INC |
Common Stock | ** | 1,236,588 |
22
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
CITIGROUP INC |
Common Stock | ** | 2,765,532 | ||||
CLEAR CHANNEL COMM. |
Common Stock | ** | 428,672 | ||||
COLGATE PALMOLIVE CO |
Common Stock | ** | 1,263,652 | ||||
COMCAST CORP 5.3 1/15/14 |
Corporate Bond | ** | 773,486 | ||||
COMCAST CORP SPECIAL CL-A |
Common Stock | ** | 541,860 | ||||
Marriott Balanced Fund (continued) |
|||||||
COMCAST CORP. CL-A |
Common Stock | ** | $ | 582,400 | |||
CONOCOPHILLIPS |
Common Stock | ** | 2,118,652 | ||||
CONOCOPHILLIPS |
Common Stock | ** | 1,736,600 | ||||
CONSOL RAIL 5/25/2015 |
Corporate Bond | ** | 467,022 | ||||
CORNING INC |
Common Stock | ** | 147,125 | ||||
CSX TRANS 5/15/2043 |
Corporate Bond | ** | 10,002 | ||||
D.R. HORTON INC |
Common Stock | ** | 221,705 | ||||
DEAN FOODS COMPANY |
Common Stock | ** | 214,175 | ||||
DEERE & CO |
Common Stock | ** | 59,520 | ||||
DOMINION RESOURCES INC |
Common Stock | ** | 81,288 | ||||
DOW CHEMICAL 11/01/29 |
Corporate Bond | ** | 394,317 | ||||
DU PONT E.I. DE NEMOURS |
Common Stock | ** | 554,265 | ||||
ELEC DATA S 8/1/2013 6.5% |
Corporate Bond | ** | 343,005 | ||||
ELECTRONIC ARTS INC |
Common Stock | ** | 542,784 | ||||
EMERSON ELECTRIC CO |
Common Stock | ** | 255,865 | ||||
ENCANA CORP |
Common Stock | ** | 370,890 | ||||
ENTERGY CORP |
Common Stock | ** | 473,130 | ||||
EOP OPERATI 3/15/2014 |
Corporate Bond | 1,064,106 | |||||
EXELON CORPORATION |
Common Stock | ** | 506,805 | ||||
EXXON MOBIL CORPORATION |
Common Stock | ** | 563,860 | ||||
FED NATL MTG ASSN |
Common Stock | ** | 491,349 | ||||
FG G10653 10/1/2009 |
U.S. Government Security | ** | 216,854 | ||||
FG G11184 9/1/2016 |
U.S. Government Security | ** | 1,638,596 | ||||
FG G11367 2/1/2018 |
U.S. Government Security | ** | 523,285 | ||||
FGLMC 6.0% 3/1/18#G11509 |
U.S. Government Security | ** | 1,087,983 | ||||
FGLMC 7.0% 2/01/18#G11581 |
U.S. Government Security | ** | 900,313 | ||||
FH 182224 3/1/2009 |
U.S. Government Security | ** | 105,678 | ||||
FHLMC 6% 5/1/17 |
U.S. Government Security | ** | 898,398 | ||||
FHR 1524 J 5/15/2008 |
U.S. Government Security | ** | 1,446,952 | ||||
FHR 1601 PJ 10/15/2008 |
U.S. Government Security | ** | 776,408 | ||||
FISERV INC |
Common Stock | ** | 803,800 | ||||
FMC TECHNOLOGIES INC |
Common Stock | ** | 212,520 | ||||
FN 151963 5/1/2007 |
U.S. Government Security | ** | 31,794 | ||||
FN 303786 2/1/2011 |
U.S. Government Security | ** | 136,013 | ||||
FN 313709 6/1/2007 |
U.S. Government Security | ** | 544,588 | ||||
FN 323387 11/1/2013 |
U.S. Government Security | ** | 642,937 | ||||
FN 323623 3/1/2014 |
U.S. Government Security | ** | 266,295 | ||||
FN 483669 1/1/2009 |
U.S. Government Security | ** | 293,614 | ||||
FN 490682 6/1/2012 |
U.S. Government Security | ** | 22,750 | ||||
FN 545059 5/1/2011 |
U.S. Government Security | ** | 436,921 |
23
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
FN 545209 10/1/2011 |
U.S. Government Security | ** | 472,676 | ||||
FN 545962 12/1/2013 |
U.S. Government Security | ** | 598,003 | ||||
Marriott Balanced Fund (continued) |
|||||||
FN 571869 2/1/2013 |
U.S. Government Security | ** | $ | 781,802 | |||
FNGT 2001-T1 A 10/25/2040 |
U.S. Government Security | ** | 330,404 | ||||
FNGT 2002-T12 5/25/2042 |
U.S. Government Security | ** | 1,059,772 | ||||
FNMA 5.5% 8/1/15 # 555382 |
U.S. Government Security | ** | 740,058 | ||||
FNMA 6% 08/1/19 #725936 |
U.S. Government Security | ** | 2,659,783 | ||||
FNMA 6.0% 10/01/18#725597 |
U.S. Government Security | ** | 1,666,715 | ||||
FNMA 6.0% 12/01/18#725194 |
U.S. Government Security | ** | 838,436 | ||||
FNMA 6.5% 01/01/22#555803 |
U.S. Government Security | ** | 1,606,914 | ||||
FNMA 6.5% 03/01/16#725345 |
U.S. Government Security | ** | 2,090,078 | ||||
FNR 2001-50 BA 10/25/2041 |
U.S. Government Security | ** | 805,737 | ||||
FNR 2002-33 A1 6/25/2032 |
U.S. Government Security | ** | 495,548 | ||||
FNS F 1 5/1/2009 |
U.S. Government Security | ** | 232,877 | ||||
FNW 2001-W3 A 09/25/41 |
U.S. Government Security | ** | 625,541 | ||||
FORD MOTOR 10/25/2011 |
Corporate Bond | ** | 1,447,775 | ||||
FORD MOTOR CREDIT 6/15/10 |
Corporate Bond | ** | 120,927 | ||||
FOREST LABORATORIES |
Common Stock | ** | 340,936 | ||||
FORTUNE BRANDS INC |
Common Stock | ** | 416,772 | ||||
GENENTECH INC |
Common Stock | ** | 1,976,172 | ||||
GENERAL DYNAMICS CORP |
Common Stock | ** | 209,200 | ||||
GENERAL ELECTRIC CO. |
Common Stock | ** | 2,022,100 | ||||
GENERAL ELECTRIC CO. |
Common Stock | ** | 2,295,850 | ||||
GILLETTE COMPANY |
Common Stock | ** | 2,776,360 | ||||
GMAC 6/1/2010 |
Corporate Bond | ** | 1,297,394 | ||||
GN 780619 8/15/2012 |
U.S. Government Security | ** | 855,072 | ||||
HARLEY-DAVIDSON |
Common Stock | ** | 455,625 | ||||
HCA INC 7/15/2013 |
Corporate Bond | ** | 311,798 | ||||
HEALTH MGT ASSOC. |
Common Stock | ** | 343,072 | ||||
HEALTH NET 4/15/2011 |
Corporate Bond | ** | 723,821 | ||||
HEWLETT PACKARD CO. |
Common Stock | ** | 448,758 | ||||
HEWLETT-PAC 7/1/2007 |
Corporate Bond | ** | 573,579 | ||||
HOME DEPOT INC. |
Common Stock | ** | 1,523,681 | ||||
ILLINOIS TOOL WORKS |
Common Stock | ** | 1,177,036 | ||||
INGERSOLL-RAND CO-A |
Common Stock | ** | 521,950 | ||||
JOHNSON & JOHNSON |
Common Stock | ** | 2,384,592 | ||||
JOHNSON CONTROLS, INC. |
Common Stock | ** | 482,144 | ||||
JPMORGAN CHASE & CO. |
Common Stock | ** | 2,168,956 | ||||
JUNIPER NETWORKS INC |
Common Stock | ** | 581,866 | ||||
KERR-MCGEE CORP |
Common Stock | ** | | ||||
KOHLS CORPORATION |
Common Stock | ** | 1,809,456 | ||||
LILLY ELI & COMPANY |
Common Stock | ** | 1,889,775 | ||||
LOWES COMPANIES INC |
Common Stock | ** | 397,371 | ||||
LOWES CORP-CAROLINA GRP. |
Common Stock | ** | 477,675 |
24
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
Marriott Balanced Fund (continued) |
|||||||
LUCENT TECH WARRANT |
Corporate Bond | ** | $ | 6,612 | |||
MAXIM INTEGRATED PRODUCTS |
Common Stock | ** | 1,292,895 | ||||
MAY DEPT ST 6/1/2025 |
Corporate Bond | ** | 744,257 | ||||
MAY DEPT ST 8/15/2013 |
Corporate Bond | ** | 870,699 | ||||
MBNA CORP |
Common Stock | ** | 707,569 | ||||
MCDONALDS CORP |
Common Stock | ** | 1,837,038 | ||||
MEDTRONIC INC |
Common Stock | ** | 1,688,780 | ||||
MERRILL LYNCH & CO |
Common Stock | ** | 1,135,630 | ||||
MET LIFE INC |
Common Stock | ** | 445,610 | ||||
MICROSOFT CORPORATION |
Common Stock | ** | 2,235,627 | ||||
MORGAN STANLEY |
Common Stock | ** | 438,608 | ||||
NABORS INDUSTRIES LTD |
Common Stock | ** | 492,384 | ||||
NOBLE ENERGY INC |
Common Stock | ** | 524,110 | ||||
NORDSTROM I 1/15/2009 |
Corporate Bond | ** | 740,828 | ||||
NORFOLK SOU 5/15/2043 |
Corporate Bond | ** | 15,329 | ||||
NORTH FORK BANCORP. |
Common Stock | ** | 499,105 | ||||
NORTHROP GRUMMAN CORP |
Common Stock | ** | 434,880 | ||||
OCCIDENTAL PETROLEUM CORP |
Common Stock | ** | 501,896 | ||||
OMNICOM GROUP |
Common Stock | ** | 1,290,096 | ||||
ORACLE CORPORATION |
Common Stock | ** | 1,802,808 | ||||
PAYCHEX INC |
Common Stock | ** | 1,206,432 | ||||
PEPSICO INC |
Common Stock | ** | 1,821,780 | ||||
PFIZER INC |
Common Stock | ** | 873,925 | ||||
PFIZER INC |
Common Stock | ** | 484,020 | ||||
PPL CORPORATION |
Common Stock | ** | 452,880 | ||||
PROCTER & GAMBLE |
Common Stock | ** | 2,875,176 | ||||
PROCTER & GAMBLE |
Common Stock | ** | 908,820 | ||||
PULTE HOMES INC |
Common Stock | ** | 108,460 | ||||
QUALCOMM INC. |
Common Stock | ** | 1,437,360 | ||||
RAYTHEON CO 6.75% 8/15/07 |
Corporate Bond | ** | 471,860 | ||||
REP NY CORP 4/15/2014 |
Corporate Bond | ** | 361,818 | ||||
ROYAL CARIBBEAN CRUISES |
Common Stock | ** | 141,544 | ||||
SAFECO CORP4.87502/01/10 |
Corporate Bond | ** | 511,951 | ||||
SBAP 2003-20D 04/1/2023 |
Corporate Bond | ** | 709,872 | ||||
SCHLUMBERGER LIMITED |
Common Stock | ** | 2,309,775 | ||||
SCHLUMBERGER LIMITED |
Common Stock | ** | 562,380 | ||||
SEMPRA ENERGY |
Common Stock | ** | 150,388 | ||||
SMALL BUS A 5/1/2018 |
Corporate Bond | ** | 276,184 | ||||
SMALL BUS A 6/1/2017 |
Corporate Bond | ** | 368,592 | ||||
SMALL BUS A 8/1/2017 |
Corporate Bond | ** | 139,173 | ||||
SMALL BUS A 9/1/2017 |
Corporate Bond | ** | 338,970 | ||||
ST PAUL COMPANIES 3/15/07 |
Corporate Bond | ** | 520,193 |
25
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
Marriott Balanced Fund (continued) |
|||||||
THE WALT DISNEY COMPANY. |
Common Stock | ** | $ | 647,740 | |||
TIME WARNER 7.625 4/15/31 |
Corporate Bond | ** | 1,179,517 | ||||
TIME WARNER 7/15/2033 |
Corporate Bond | ** | 645,961 | ||||
TIME WARNER COS INC |
Common Stock | ** | 909,792 | ||||
U.S T-NOTE 5.625% 5/15/08 |
U.S. Government Security | ** | 4,612,085 | ||||
U.S.T-NOTE 5% 02/15/11 |
U.S. Government Security | ** | 2,394,495 | ||||
UNION PACIF 1/17/2023 |
Corporate Bond | ** | 815,070 | ||||
UNION PACIF 1/2/2020 |
Corporate Bond | ** | 813,201 | ||||
UNION PACIFIC CORP |
Common Stock | ** | 1,849,375 | ||||
UNITED PARCEL SERVICE -B |
Common Stock | ** | 2,016,856 | ||||
UNITED TECHNOLOGIES CORP |
Common Stock | ** | 516,750 | ||||
UNITEDHEALTH GROUP INC. |
Common Stock | ** | 466,559 | ||||
UNUMPROVIDE 3/1/2011 |
Corporate Bond | ** | 340,438 | ||||
UNUMPROVIDENT 7.375% 6/32 |
Corporate Bond | ** | 502,031 | ||||
US TREASURY 3/31/2005 |
U.S. Government Security | ** | 698,906 | ||||
US TREASURY 6.75% 5/15/05 |
U.S. Government Security | ** | 3,655,688 | ||||
US TREASURY 9/15/2009 |
U.S. Government Security | ** | 4,260,693 | ||||
VENDE 1995-1 2 2/15/2025 |
Corporate Bond | ** | 145,819 | ||||
VERIZON COMMUNICATIONS |
Common Stock | ** | 490,171 | ||||
VIACOM INC |
Common Stock | ** | 2,390,823 | ||||
WACHOVIA CORP |
Common Stock | ** | 526,000 | ||||
WAL MART STORES INC |
Common Stock | ** | 649,686 | ||||
WELLPOINT INC |
Common Stock | ** | 2,127,500 | ||||
WENDYS INTL INC |
Common Stock | ** | 290,524 | ||||
WESTWOOD ONE INC. |
Common Stock | ** | 471,275 | ||||
WYETH |
Common Stock | ** | 434,418 | ||||
WYETH 2/1/2014 |
Corporate Bond | ** | 517,294 | ||||
188,703,095 | |||||||
Marriott Bond Fund |
|||||||
BONY SHORT TERM INVESTMENT FUND* |
STIF | ** | 1,249,009 | ||||
ALLSTATE CO 5/1/2005 |
Corporate Bond | ** | 406,392 | ||||
AMERADA HESS 6.65% 08/11 |
Corporate Bond | ** | 109,968 | ||||
AMERADA HESS CORP 10/1/29 |
Corporate Bond | ** | 324,338 | ||||
ARKANSAS 9.75% 11/15/2014 |
Corporate Bond | ** | 479,600 | ||||
AT&T CORP 11/15/31 |
Corporate Bond | ** | 1,203,840 | ||||
AT&T CORP 8.05%11/15/11 |
Corporate Bond | ** | 690,750 | ||||
BANK ONE 7.625% 8/1/05 |
Corporate Bond | ** | 410,616 | ||||
BANK ONE CA 9/1/2030 |
Corporate Bond | ** | 671,690 | ||||
BOSTON PROP 1/15/2013 |
Corporate Bond | ** | 543,515 | ||||
BOSTON PROP 4/15/2015 |
Corporate Bond | ** | 515,386 | ||||
Marriott Bond Fund (continued) |
|||||||
BURLINGTON/ 1/2/2021 |
Corporate Bond | ** | $ | 1,002,282 | |||
BURLINGTON/ 7/15/2022 |
Corporate Bond | ** | 431,722 | ||||
CARDINAL HE 6/15/2015 |
Corporate Bond | ** | 111,128 |
26
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
CIGNA CORP 1/15/2033 |
Corporate Bond | ** | 626,581 | ||||
CIGNA CORP 5/15/2007 |
Corporate Bond | ** | 537,162 | ||||
CIPGE 97-1 6.42% 9/25/08 |
Corporate Bond | ** | 271,326 | ||||
CISCE 1997-1 A 9/25/2008 |
Corporate Bond | ** | 295,361 | ||||
CIT GROUP I 9/25/2007 |
Corporate Bond | ** | 152,432 | ||||
CITICORP CA 2/15/2027 |
Corporate Bond | ** | 391,216 | ||||
COMCAST CORP 5.3 1/15/14 |
Corporate Bond | ** | 953,965 | ||||
CONSOL RAIL 5/25/2015 |
Corporate Bond | ** | 436,891 | ||||
CSX TRANS 5/15/2043 |
Corporate Bond | ** | 16,253 | ||||
DOW CHEMICA 9/30/2009 |
Corporate Bond | ** | 240,070 | ||||
DOW CHEMICAL 11/01/29 |
Corporate Bond | ** | 303,321 | ||||
ELEC DATA S 8/1/2013 6.5% |
Corporate Bond | ** | 422,160 | ||||
EOP OPERATI 3/15/2014 |
Corporate Bond | ** | 1,402,685 | ||||
FG E00633 3/1/2014 |
U.S. Government Security | ** | 2,023,892 | ||||
FG G10653 10/1/2009 |
U.S. Government Security | ** | 154,799 | ||||
FG G10848 6/1/2011 |
U.S. Government Security | ** | 676,789 | ||||
FG G11157 3/1/2008 |
U.S. Government Security | ** | 161,930 | ||||
FGCI 6% #G11287 08/01/17 |
U.S. Government Security | ** | 1,235,578 | ||||
FGLMC 6.0% 3/1/18#G11509 |
U.S. Government Security | ** | 1,813,305 | ||||
FGLMC 6.5% 7/1/17 #G11578 |
U.S. Government Security | ** | 2,195,803 | ||||
FH 140357 12/1/2007 |
U.S. Government Security | ** | 15,521 | ||||
FH 182224 3/1/2009 |
U.S. Government Security | ** | 51,887 | ||||
FHLMC 6% 5/1/17 |
U.S. Government Security | ** | 1,011,210 | ||||
FHR 1524 J 5/15/2008 |
U.S. Government Security | ** | 1,254,025 | ||||
FHR 2479 TD 11/15/2015 |
U.S. Government Security | ** | 1,537,107 | ||||
FIRST NATIO 10/1/2006 |
Corporate Bond | ** | 220,881 | ||||
FN 313672 6/1/2007 |
U.S. Government Security | ** | 369,968 | ||||
FN 323165 6/1/2013 |
U.S. Government Security | ** | 142,217 | ||||
FN 323492 1/1/2009 |
U.S. Government Security | ** | 1,541,644 | ||||
FN 323623 3/1/2014 |
U.S. Government Security | ** | 729,905 | ||||
FN 331197 6/1/2008 |
U.S. Government Security | ** | 70,258 | ||||
FN 341417 5/1/2011 |
U.S. Government Security | ** | 585,023 | ||||
FN 362446 12/1/2007 |
U.S. Government Security | ** | 54,848 | ||||
FN 545058 8/1/2011 |
U.S. Government Security | ** | 167,932 | ||||
FN 545387 1/1/2012 |
U.S. Government Security | ** | 591,437 | ||||
FN 545927 12/1/2015 |
U.S. Government Security | ** | 806,722 | ||||
FN 545961 2/1/2014 |
U.S. Government Security | ** | 677,984 | ||||
FN 57843 6/1/2008 |
U.S. Government Security | ** | 43,829 | ||||
Marriott Bond Fund (continued) |
|||||||
FN 585013 6/1/2014 |
U.S. Government Security | ** | $ | 320,096 | |||
FN 9454 8/1/2008 |
U.S. Government Security | ** | 32,728 | ||||
FNCI 6.5% 05/01/17#545621 |
U.S. Government Security | ** | 1,869,984 | ||||
FNCN 725992 5.5% 10/01/14 |
U.S. Government Security | ** | 4,013,706 | ||||
FNGT 2001-T1 A 10/25/2040 |
U.S. Government Security | ** | 247,803 | ||||
FNMA 6.0% 12/01/18#725194 |
U.S. Government Security | ** | 2,288,232 | ||||
FNMA POOL 15YR 5.5 4/1/17 |
U.S. Government Security | ** | 1,620,680 |
27
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
FNR 1993-211 P 11/25/2008 |
U.S. Government Security | ** | 1,015,746 | ||||
FNR 2001-50 BA 10/25/2041 |
U.S. Government Security | ** | 769,113 | ||||
FNR 2002-3 OD 12/25/2014 |
U.S. Government Security | ** | 505,690 | ||||
FNR 2002-90 A1 6/25/2042 |
U.S. Government Security | ** | 1,078,845 | ||||
FNW 2002-W6 2A 6/25/2042 |
U.S. Government Security | ** | 1,174,173 | ||||
FORD MOTOR 10/25/2011 |
Corporate Bond | ** | 804,320 | ||||
FORD MOTOR CREDIT 1/12/09 |
Corporate Bond | ** | 1,198,794 | ||||
FSPC T-48 1A 7/25/2033 |
U.S. Government Security | ** | 490,231 | ||||
FSPC T-54 3A 2/25/2043 |
U.S. Government Security | ** | 1,234,421 | ||||
GE COMPANY 02/01/13 |
Corporate Bond | ** | 564,281 | ||||
GMAC 6/1/2010 |
Corporate Bond | ** | 1,720,458 | ||||
GN 780619 8/15/2012 |
U.S. Government Security | ** | 849,181 | ||||
GN 780836 4/15/2020 |
U.S. Government Security | ** | 111,192 | ||||
HCA INC 7/15/2013 |
Corporate Bond | ** | 415,730 | ||||
HEALTH NET 4/15/2011 |
Corporate Bond | ** | 904,777 | ||||
HEWLETT-PAC 7/1/2007 |
Corporate Bond | ** | 834,296 | ||||
MAY DEPT ST 6/1/2025 |
Corporate Bond | ** | 858,758 | ||||
MAY DEPT ST 7/15/2012 |
Corporate Bond | ** | 995,291 | ||||
NORDSTROM I 1/15/2009 |
Corporate Bond | ** | 740,828 | ||||
NORFOLK SOU 5/15/2043 |
Corporate Bond | ** | 21,717 | ||||
RAYTHEON CO 6.75% 8/15/07 |
Corporate Bond | ** | 692,708 | ||||
REP NY CORP 4/15/2014 |
Corporate Bond | ** | 263,141 | ||||
REP NY CORP 6/1/2021 |
Corporate Bond | ** | 686,173 | ||||
SAFECO CORP4.87502/01/10 |
Corporate Bond | ** | 716,731 | ||||
SBAP 2003-20D 04/1/2023 |
Corporate Bond | ** | 1,041,145 | ||||
SMALL BUS A 1/1/2017 |
Corporate Bond | ** | 771,659 | ||||
SMALL BUS A 11/1/2018 |
Corporate Bond | ** | 141,340 | ||||
SMALL BUS A 5/1/2017 |
Corporate Bond | ** | 148,894 | ||||
SMALL BUS A 5/1/2018 |
Corporate Bond | ** | 110,474 | ||||
SMALL BUS A 6/1/2017 |
Corporate Bond | ** | 330,113 | ||||
ST PAUL COMPANIES 3/15/07 |
Corporate Bond | ** | 208,077 | ||||
ST PAUL COS 4/15/2010 |
Corporate Bond | ** | 467,189 | ||||
TIME WARNER 7.625 4/15/31 |
Corporate Bond | ** | 1,633,177 | ||||
TIME WARNER 7/15/2033 |
Corporate Bond | ** | 775,153 | ||||
Marriott Bond Fund (continued) |
|||||||
U.S T-NOTE 5.625% 5/15/08 |
U.S. Government Security | ** | $ | 5,577,406 | |||
U.S.T-NOTE 5% 02/15/11 |
U.S. Government Security | ** | 4,788,990 | ||||
UNION PACIF 1/17/2023 |
Corporate Bond | ** | 1,086,759 | ||||
UNION PACIF 1/2/2019 |
Corporate Bond | ** | 478,182 | ||||
UNUMPROVIDE 3/1/2011 |
Corporate Bond | ** | 471,375 | ||||
UNUMPROVIDENT 7.375% 6/32 |
Corporate Bond | ** | 669,375 | ||||
US T-NOTE 6.5% 10/15/06 |
U.S. Government Security | ** | 741,945 | ||||
US T-NOTE 7.5% 02/15/05 |
U.S. Government Security | ** | 2,214,610 | ||||
US TREASURY 4/30/2005 |
U.S. Government Security | ** | 1,995,078 | ||||
US TREASURY 8/15/2008 |
U.S. Government Security | ** | 5,972,112 | ||||
WYETH 2/1/2014 |
Corporate Bond | ** | 1,810,529 | ||||
92,807,559 |
28
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
Marriott Company Stock Fund |
|||||||
Vanguard Money Market |
Mutual Fund | ** | 4,993,793 | ||||
Marriott International, Inc. Common Stock * |
Common Stock | ** | 444,098,684 | ||||
449,092,477 | |||||||
Stable Value Fund |
|||||||
Vanguard Money Market |
Mutual Fund | ** | 35,074,409 | ||||
35,074,409 | |||||||
Fidelity Contrafund |
|||||||
Fidelity Investments |
Mutual Fund | ** | 108,686,231 | ||||
108,686,231 | |||||||
State Street S&P 500 Index Fund |
|||||||
State Street Global Advisors |
Common/Collective Trust | ** | 68,411,402 | ||||
68,411,402 | |||||||
Dodge & Cox Stock Fund |
|||||||
Dodge & Cox |
Mutual Fund | ** | 130,417,309 | ||||
130,417,309 | |||||||
Morgan Stanley International Equity Fund |
|||||||
Morgan Stanley |
Mutual Fund | ** | 77,337,679 | ||||
77,337,679 | |||||||
Interest Bearing Cash |
|||||||
Interest Bearing Cash |
Interest Bearing Cash | ** | $ | 23,683 | |||
23,683 | |||||||
Participant Loans |
|||||||
Participant Loans * |
Interest rates range from 5.00% to 5.25%; varying maturities |
** | 46,461,001 | ||||
46,461,001 | |||||||
Investments stated at fair value |
$ | 1,805,324,414 | |||||
Stable Value Fund |
|||||||
Synthetic General Investment Contracts: |
|||||||
Bank of America: |
29
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
Monumental Life: |
|||||||
State Street Bank & Trust Co.: |
|||||||
UBS AG: |
|||||||
AESOP 2003-5A A1 144A |
Asset Backed Securities | ** | $ | 594,654 | |||
AMXCA 2003-4 A |
Asset Backed Securities | ** | 2,763,870 | ||||
BMWOT 2003-A A4 |
Asset Backed Securities | ** | 1,286,378 | ||||
BOAST 2003-1 A4 |
Asset Backed Securities | ** | 268,929 | ||||
BOIT 2002 A3 A3 |
Asset Backed Securities | ** | 3,961,556 | ||||
BOIT 2002-A4 A4 |
Asset Backed Securities | ** | 1,226,343 | ||||
CARAT 2002 1 A4 |
Asset Backed Securities | ** | 339,765 | ||||
CARAT 2002 4 A4 |
Asset Backed Securities | ** | 1,198,792 | ||||
CARMX 2003-1 A4 |
Asset Backed Securities | ** | 1,962,360 | ||||
CARMX 2004-1 B |
Asset Backed Securities | ** | 552,721 | ||||
CARMX 2004-2 A4 |
Asset Backed Securities | ** | 1,788,260 | ||||
CCCIT 2000-A1 |
Asset Backed Securities | ** | 783,163 | ||||
CCCIT 2000-A3 A3 |
Asset Backed Securities | ** | 767,707 | ||||
CCCIT 2003-A3 A3 |
Asset Backed Securities | ** | 868,279 | ||||
CCIMT 1999-2 A |
Asset Backed Securities | ** | 4,041,601 | ||||
CCIMT 98-2 A |
Asset Backed Securities | ** | 1,094,357 | ||||
CHEMT 1996-3 A |
Asset Backed Securities | ** | 1,057,101 | ||||
CITEC 2004-EF1 A3 |
Asset Backed Securities | ** | 695,761 | ||||
CMAOT 2001-B A4 |
Asset Backed Securities | ** | 646,797 | ||||
CMAOT 2003-A A4 |
Asset Backed Securities | ** | 1,219,344 | ||||
CMAOT 2003-C A4 |
Asset Backed Securities | ** | 592,498 | ||||
CMAOT 2004-A A4 |
Asset Backed Securities | ** | 760,436 | ||||
COMED 1998-1 A6 |
Asset Backed Securities | ** | 1,343,093 | ||||
COMED 1998-1 A7 |
Asset Backed Securities | ** | $ | 1,378,152 | |||
DCMT 1996-3A |
Asset Backed Securities | ** | 790,504 | ||||
DCMT 2000-9 A |
Asset Backed Securities | ** | 796,073 | ||||
FCCMT 2000-C A |
Asset Backed Securities | ** | 1,028,270 | ||||
FHR 2802 NC |
Asset Backed Securities | ** | 724,911 | ||||
FNR 2004-45 NC |
Asset Backed Securities | ** | 730,816 | ||||
FNW 2003-W16 AF3 |
Asset Backed Securities | ** | 324,691 | ||||
FRNK 2003-1 |
Asset Backed Securities | ** | 2,066,072 | ||||
GSALT 2003-1 A4 |
Asset Backed Securities | ** | 1,984,474 | ||||
GSALT 2004-1 A2 |
Asset Backed Securities | ** | 1,020,207 | ||||
HAROT 2002 4 A4 |
Asset Backed Securities | ** | 1,196,928 | ||||
HAROT 2003-2 A4 |
Asset Backed Securities | ** | 1,259,571 | ||||
HAROT 2003-3 A4 |
Asset Backed Securities | ** | 526,648 | ||||
HAROT 2003-4 A4 |
Asset Backed Securities | ** | 495,320 | ||||
HAROT 2004-3 A4 |
Asset Backed Securities | ** | 691,911 | ||||
HART 2003-A A4 |
Asset Backed Securities | ** | 767,312 | ||||
HDMOT 2003-1 A2 |
Asset Backed Securities | ** | 547,700 | ||||
HDMOT 2004-1 A2 |
Asset Backed Securities | ** | 2,451,436 | ||||
HDMOT 2004-3 A2 |
Asset Backed Securities | ** | 2,291,311 | ||||
HERTZ 2004-1 A4 144A |
Asset Backed Securities | ** | 1,064,930 | ||||
HPLCC 2002 1 A |
Asset Backed Securities | ** | 941,476 |
30
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
IPSPT 1998-1 A7 |
Asset Backed Securities | ** | 794,739 | ||||
JDOT 2003-A A4 |
Asset Backed Securities | ** | 3,437,044 | ||||
JDOT 2004-A A4 |
Asset Backed Securities | ** | 641,242 | ||||
MBNAM 1999-B A |
Asset Backed Securities | ** | 1,080,612 | ||||
MBNAM 2000-A A |
Asset Backed Securities | ** | 504,258 | ||||
MBNAM 2000-I A |
Asset Backed Securities | ** | 1,402,533 | ||||
MILT 2003-1 A4 |
Asset Backed Securities | ** | 788,110 | ||||
NAROT 2003-A A4 |
Asset Backed Securities | ** | 1,189,260 | ||||
NAVOT 2004-A A4 |
Asset Backed Securities | ** | 735,886 | ||||
ONYX 2003-A A4 |
Asset Backed Securities | ** | 2,396,691 | ||||
ONYX 2004-C A4 |
Asset Backed Securities | ** | 598,107 | ||||
PCCMT 2000-1 A |
Asset Backed Securities | ** | 620,399 | ||||
PECO 1999-A A4 |
Asset Backed Securities | ** | 208,979 | ||||
PECO 2000 A A3 |
Asset Backed Securities | ** | 1,158,097 | ||||
PEGTF 2001-1 A6 |
Asset Backed Securities | ** | 3,192,666 | ||||
PSNH 2001 1 A2 |
Asset Backed Securities | ** | 799,136 | ||||
TAOT 2003-B A4 |
Asset Backed Securities | ** | 1,188,216 | ||||
TAROT 2004-A A4 |
Asset Backed Securities | ** | 683,004 | ||||
UAC 2001-A A4 |
Asset Backed Securities | ** | 901,075 | ||||
VALET 2003-2 A4 |
Asset Backed Securities | ** | 494,854 | ||||
VWALT 2002 A A4 |
Asset Backed Securities | ** | 899,927 | ||||
WALT 2003-1 A4 |
Asset Backed Securities | ** | 691,633 | ||||
WAOT 2004 A-4 |
Asset Backed Securities | ** | 702,729 | ||||
WESTO 2004-2 A4 |
Asset Backed Securities | ** | $ | 549,595 | |||
WESTO 2004-4 A4 |
Asset Backed Securities | ** | 841,490 | ||||
WOART 2002 A A4 |
Asset Backed Securities | ** | 1,006,450 | ||||
WPP 1999-A A4 |
Asset Backed Securities | ** | 1,204,089 | ||||
81,603,299 | |||||||
BOAMS 2003-L 2A2 |
Mortgage Backed Securities | ** | 180,262 | ||||
BOAMS 2004-A 2A2 |
Mortgage Backed Securities | ** | 263,518 | ||||
BOAMS 2004-C 2A1 |
Mortgage Backed Securities | ** | 676,855 | ||||
BOAMS 2004-H 2A2 |
Mortgage Backed Securities | ** | 632,069 | ||||
CFAB 2004-2 IA-6 |
Mortgage Backed Securities | ** | 289,579 | ||||
CFMSI 2003-3 AF2 |
Mortgage Backed Securities | ** | 797,151 | ||||
CFMSI 2004-1 AF5 |
Mortgage Backed Securities | ** | 479,962 | ||||
CGCMT 2004-C2 A1 |
Mortgage Backed Securities | ** | 1,002,531 | ||||
CSFB 2004-C5 A4 |
Mortgage Backed Securities | ** | 1,403,594 | ||||
CWHL 2003-60 3A1 |
Mortgage Backed Securities | ** | 250,378 | ||||
CXHE 2004-B AF3 |
Mortgage Backed Securities | ** | 639,512 | ||||
DLJCM 1999-CG2 A1B |
Mortgage Backed Securities | ** | 1,576,363 | ||||
FHLMC GOLD |
Mortgage Backed Securities | ** | 353,012 | ||||
FHR 2500 GC |
Mortgage Backed Securities | ** | 260,232 | ||||
FHR 2772 YD |
Mortgage Backed Securities | ** | 2,897,767 | ||||
FHR 2864 LC |
Mortgage Backed Securities | ** | 414,003 | ||||
FHR 2872 YB |
Mortgage Backed Securities | ** | 1,040,087 | ||||
FHR 2882 YB |
Mortgage Backed Securities | ** | 1,239,272 |
31
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
FHR 2890 PB |
Mortgage Backed Securities | ** | 2,860,630 | ||||
FHSF SF4 C |
Mortgage Backed Securities | ** | 396,035 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 5,319,076 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 5,303,304 | ||||
FNMA ARM |
Mortgage Backed Securities | ** | 548,788 | ||||
FNR 2003-3 GC |
Mortgage Backed Securities | ** | 687,042 | ||||
FNR 2004-49 QY |
Mortgage Backed Securities | ** | 210,097 | ||||
FSPC T 45 A3 |
Mortgage Backed Securities | ** | 400,513 | ||||
FSPC T-50 A6 |
Mortgage Backed Securities | ** | 700,282 | ||||
GCCFC 2004-GG1 A7 |
Mortgage Backed Securities | ** | 1,457,079 | ||||
GMACM 2004-AR2 3A |
Mortgage Backed Securities | ** | 881,072 | ||||
GNR 2004-103 A |
Mortgage Backed Securities | ** | 700,075 | ||||
GNR 2004-77 A |
Mortgage Backed Securities | ** | 1,175,464 | ||||
GNR 2004-97 B |
Mortgage Backed Securities | ** | 496,804 | ||||
JPMCC 2001-CIBC A3 |
Mortgage Backed Securities | ** | 1,548,165 | ||||
MSDWC 2002 TOP7 A1 |
Mortgage Backed Securities | ** | 870,548 | ||||
RAMP 2004-RZ2 AI6 |
Mortgage Backed Securities | ** | 1,221,058 | ||||
RASC 2003-KS10 AI4 |
Mortgage Backed Securities | ** | 2,838,262 | ||||
42,010,441 | |||||||
BEARER CORP CONVERSION SYS |
US Government & Agencies | ** | $ | 1,326,724 | |||
FANNIE MAE |
US Government & Agencies | ** | 2,888,692 | ||||
ISRAEL TRUST |
US Government & Agencies | ** | 1,319,580 | ||||
TURKEY TR GOVT BACKED TR T-1 |
US Government & Agencies | ** | 1,292,315 | ||||
UNITED STATES TREASURY |
US Government & Agencies | ** | 1,519,476 | ||||
US TREASURY NT/BD |
US Government & Agencies | ** | 8,998,688 | ||||
17,345,475 | |||||||
A/S EKSPORTFINANS |
Corporate Bond | ** | 1,381,482 | ||||
ABBOTT LABORATORIES |
Corporate Bond | ** | 1,435,084 | ||||
ABN AMRO BK N V CHICAGO |
Corporate Bond | ** | 1,396,542 | ||||
ABN-AMRO BK NV (CHICAGO) |
Corporate Bond | ** | 61,359 | ||||
ACE LIMITED |
Corporate Bond | ** | 529,510 | ||||
ALLSTATE CORP |
Corporate Bond | ** | 514,703 | ||||
ALLSTATE CORP |
Corporate Bond | ** | 1,404,404 | ||||
AMERICAN EXPRESS |
Corporate Bond | ** | 1,412,251 | ||||
AMERICAN GENERAL CORP NTS |
Corporate Bond | ** | 509,740 | ||||
AMERICAN HONDA FINANCE 144A |
Corporate Bond | ** | 602,963 | ||||
AMGEN INC 144A |
Corporate Bond | ** | 1,379,638 | ||||
ANHEUSER-BUSCH COS INC |
Corporate Bond | ** | 530,146 | ||||
BAKER HUGHES INC |
Corporate Bond | ** | 1,447,055 | ||||
BANCO SANTANDER CHILE |
Corporate Bond | ** | 570,198 | ||||
BANK OF NEW YORK CO INC |
Corporate Bond | ** | 202,087 | ||||
BANK ONE CORPORATION SR NTS |
Corporate Bond | ** | 529,155 | ||||
BEAR STEARNS |
Corporate Bond | ** | 1,438,049 | ||||
BELLSOUTH CORP |
Corporate Bond | ** | 1,452,900 | ||||
BERKSHIRE HATHAWAY INC |
Corporate Bond | ** | 1,397,515 |
32
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
BOSTON SCIENTIFIC |
Corporate Bond | ** | 846,886 | ||||
BP CANADA FINANCE BV |
Corporate Bond | ** | 1,329,134 | ||||
BRITISH COLUMBIA |
Corporate Bond | ** | 1,498,738 | ||||
BRITISH TELECOM PLC |
Corporate Bond | ** | 575,454 | ||||
BROWN-FORMAN CORPORATION |
Corporate Bond | ** | 640,896 | ||||
CAMDEN PROPERTY TRUST |
Corporate Bond | ** | 696,547 | ||||
CANADIAN NATL RAILWAYS |
Corporate Bond | ** | 824,020 | ||||
CATERPILLAR FINANCIAL SERV |
Corporate Bond | ** | 414,079 | ||||
CATERPILLAR INC SNR NTS |
Corporate Bond | ** | 1,531,312 | ||||
CHEVRONTEXACO CAPITAL COMPANY |
Corporate Bond | ** | 1,416,844 | ||||
CHUBB CORP NTS |
Corporate Bond | ** | 521,097 | ||||
CIT GROUP |
Corporate Bond | ** | 1,471,269 | ||||
CITIGROUP INC |
Corporate Bond | ** | 1,415,363 | ||||
COCA-COLA ENTERPRISES |
Corporate Bond | ** | 538,697 | ||||
COMERICA BANK |
Corporate Bond | ** | 738,884 | ||||
CONSOLIDATED EDISON INC |
Corporate Bond | ** | 1,439,310 | ||||
COSTCO WHOLESALE CORP |
Corporate Bond | ** | $ | 528,977 | |||
COUNTRYWIDE HOME LOAN |
Corporate Bond | ** | 1,373,682 | ||||
CREDIT SUISSE FIRST BOSTON USA |
Corporate Bond | ** | 1,476,415 | ||||
CVS CORP |
Corporate Bond | ** | 1,410,988 | ||||
DEN DANSKE BK SB NT 144A |
Corporate Bond | ** | 1,431,223 | ||||
DLJ SNR NTS |
Corporate Bond | ** | 520,039 | ||||
DONNELLEY RR & SONS |
Corporate Bond | ** | 845,428 | ||||
DOW CHEMICAL |
Corporate Bond | ** | 1,471,140 | ||||
DU PONT (EI) DE NEMOURS |
Corporate Bond | ** | 1,400,382 | ||||
ENTERGY MISSISSIPPI INC |
Corporate Bond | ** | 202,273 | ||||
EQUITABLE LIFE ASSURANCE SOCIETY 144A |
Corporate Bond | ** | 1,399,655 | ||||
FIRST UNION CORP |
Corporate Bond | ** | 1,488,510 | ||||
FPL GROUP CAPITAL |
Corporate Bond | ** | 1,361,472 | ||||
FRANKLIN RESOURCES INC. |
Corporate Bond | ** | 552,195 | ||||
FRED MEYER INC |
Corporate Bond | ** | 902,003 | ||||
GENERAL ELECTRIC CAPITAL CORP |
Corporate Bond | ** | 1,372,729 | ||||
GENERAL MILLS |
Corporate Bond | ** | 452,978 | ||||
GOLDMAN SACHS GROUP INC |
Corporate Bond | ** | 1,394,479 | ||||
HBOS TREASURY SERVICES 144A |
Corporate Bond | ** | 201,932 | ||||
HBOS TREASURY SRVCS PLC 144A |
Corporate Bond | ** | 402,344 | ||||
HERSHEY FOODS CORP |
Corporate Bond | ** | 365,547 | ||||
HOME DEPOT 144A |
Corporate Bond | ** | 1,411,336 | ||||
HOUSEHOLD FINANCE CORP |
Corporate Bond | ** | 1,388,592 | ||||
HUNTINGTON NATIONAL BANK |
Corporate Bond | ** | 1,430,603 | ||||
ING SEC LIFE INST FUND 144A |
Corporate Bond | ** | 596,676 | ||||
INTL PAPER CO |
Corporate Bond | ** | 812,932 | ||||
JOHN DEERE CAPITAL CORP |
Corporate Bond | ** | 1,455,517 | ||||
JOHN HANCOCK GLOBAL FDG II 144A |
Corporate Bond | ** | 527,369 | ||||
JP MORGAN CHASE & CO |
Corporate Bond | ** | 1,395,375 | ||||
KEY BANK NA |
Corporate Bond | ** | 298,394 | ||||
KEY BANK NA |
Corporate Bond | ** | 343,524 |
33
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
KIMBERLY CLARK CORP |
Corporate Bond | ** | 1,537,310 | ||||
KOREA DEVELOPMENT BANK |
Corporate Bond | ** | 249,517 | ||||
LANDWIRTSCH RENTENBANK |
Corporate Bond | ** | 800,205 | ||||
LEHMAN BROTHERS HOLDINGS |
Corporate Bond | ** | 498,030 | ||||
LEHMAN BROTHERS HOLDINGS |
Corporate Bond | ** | 1,396,390 | ||||
LINCOLN NATIONAL CORP |
Corporate Bond | ** | 597,881 | ||||
M & I MARSHALL & ILSLEY BANK |
Corporate Bond | ** | 231,243 | ||||
MARSH & MCLENNAN COS INC |
Corporate Bond | ** | 244,986 | ||||
MASCO CORP |
Corporate Bond | ** | 832,738 | ||||
MASSMUTUAL GLOBAL FDG II 144A |
Corporate Bond | ** | 636,497 | ||||
MCCORMICK & CO |
Corporate Bond | ** | 636,754 | ||||
MELLON FINANCIAL |
Corporate Bond | ** | 666,152 | ||||
MELLON FUNDING CORP |
Corporate Bond | ** | 1,372,651 | ||||
MERITA BANK |
Corporate Bond | ** | $ | 388,721 | |||
MERRILL LYNCH & CO |
Corporate Bond | ** | 1,408,966 | ||||
METLIFE |
Corporate Bond | ** | 1,400,672 | ||||
METLIFE INS CO 144A |
Corporate Bond | ** | 520,643 | ||||
MONUMENTAL GLOBAL FUNDING 144A |
Corporate Bond | ** | 528,748 | ||||
MONUMENTAL GLOBAL FUNDING 144A |
Corporate Bond | ** | 1,478,584 | ||||
NATIONAL CITY BANK |
Corporate Bond | ** | 299,118 | ||||
NATIONAL CITY CORP |
Corporate Bond | ** | 1,413,743 | ||||
NATIONSBANK CORP |
Corporate Bond | ** | 1,427,645 | ||||
NATIONWIDE BLDG SOCIETY 144A |
Corporate Bond | ** | 1,420,096 | ||||
NATIONWIDE LIFE GLOBAL FUNDING 144A |
Corporate Bond | ** | 1,473,712 | ||||
NORTHERN BORDER PIPELINE |
Corporate Bond | ** | 266,514 | ||||
NORTHERN TRUST CO |
Corporate Bond | ** | 197,792 | ||||
OCCIDENTAL PETROLEUM CORP |
Corporate Bond | ** | 505,522 | ||||
ONEOK INC |
Corporate Bond | ** | 548,304 | ||||
ONTARIO GLOBAL BOND SNR |
Corporate Bond | ** | 1,424,002 | ||||
PECO ENERGY CO |
Corporate Bond | ** | 698,546 | ||||
PEDERNALES ELECTRIC CORP 144A |
Corporate Bond | ** | 365,417 | ||||
PEPSICO INC |
Corporate Bond | ** | 1,405,836 | ||||
PHARMACIA CORP |
Corporate Bond | ** | 1,388,423 | ||||
PHILLIPS PETROLEUM COMPANY |
Corporate Bond | ** | 1,588,509 | ||||
PNC BK N A PITTS SUBNT |
Corporate Bond | ** | 514,867 | ||||
POPULAR N A |
Corporate Bond | ** | 407,748 | ||||
PPL ELECTRIC UTILITIES |
Corporate Bond | ** | 869,482 | ||||
PRICOA GLOBAL FUNDING I 144A |
Corporate Bond | ** | 457,989 | ||||
PROCTER & GAMBLE |
Corporate Bond | ** | 1,419,936 | ||||
PUB SERVICE ELEC & GAS SR BB MTG |
Corporate Bond | ** | 537,487 | ||||
REGIONS BANK |
Corporate Bond | ** | 555,329 | ||||
ROCKWELL INTL CORP NTS |
Corporate Bond | ** | 1,376,515 | ||||
ROYAL BANK OF SCOTLAND GROUP |
Corporate Bond | ** | 332,595 | ||||
SARA LEE CORP |
Corporate Bond | ** | 1,435,309 | ||||
SLM CORP |
Corporate Bond | ** | 1,522,987 | ||||
SOUTHERN N/E TCM MTN |
Corporate Bond | ** | 420,538 | ||||
ST PAUL COMPANIES INC |
Corporate Bond | ** | 249,161 |
34
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value |
|||||
SUNTRUST BANKS INC |
Corporate Bond | ** | 530,525 | |||||
SWEDISH EXPORT CREDIT |
Corporate Bond | ** | 1,386,208 | |||||
SYSCO CORP |
Corporate Bond | ** | 618,032 | |||||
TARGET CORP |
Corporate Bond | ** | 1,403,942 | |||||
TELEFONOS DE MEXICO SA |
Corporate Bond | ** | 111,254 | |||||
TIAA GLOBAL MARKETS 144A |
Corporate Bond | ** | 1,467,279 | |||||
TJX COMPANIES INC |
Corporate Bond | ** | 568,160 | |||||
TOYOTA MOTOR CREDIT CORP |
Corporate Bond | ** | 1,380,063 | |||||
TOYOTA MOTOR CREDIT CORP. 5.650 01/15/20 |
Corporate Bond | ** | 295,422 | |||||
TRAVELERS PPTY CASUALTY |
Corporate Bond | ** | 912,613 | |||||
UNILEVER CAPITAL CORP |
Corporate Bond | ** | $ | 1,458,266 | ||||
UNITED TECHNOLOGIES CORP |
Corporate Bond | ** | 517,362 | |||||
USAA CAPITAL CORP 144A |
Corporate Bond | ** | 618,587 | |||||
VERIZON GLOBAL FUNDING |
Corporate Bond | ** | 1,401,874 | |||||
VIACOM INC |
Corporate Bond | ** | 1,590,532 | |||||
VIRGINIA ELEC & POWER |
Corporate Bond | ** | 835,196 | |||||
WACHOVIA CORP |
Corporate Bond | ** | 529,106 | |||||
WAL-MART STORES |
Corporate Bond | ** | 203,783 | |||||
WASHINGTON MUTUAL INC |
Corporate Bond | ** | 349,614 | |||||
WASHINGTON MUTUAL INC |
Corporate Bond | ** | 304,489 | |||||
WELLS FARGO & CO |
Corporate Bond | ** | 1,418,060 | |||||
WISCONSIN PWR & LIGHT NTS |
Corporate Bond | ** | 858,145 | |||||
WORLD SAVINGS BANK FSB |
Corporate Bond | ** | 1,429,624 | |||||
124,445,966 | ||||||||
BONY SHORT TERM INVESTMENT FUND* |
STIF | * | 14,310,537 | |||||
GIC Wrapper - Bank of America |
(1,345,211 | ) | ||||||
GIC Wrapper - Monumental Life |
(1,345,203 | ) | ||||||
GIC Wrapper - State Street Bank |
(1,345,178 | ) | ||||||
GIC Wrapper - UBS AG |
(1,345,203 | ) | ||||||
274,334,923 | ||||||||
Rabobank Nederland: |
||||||||
BOIT 2002 A3 A3 |
Asset Backed Securities | ** | 451,316 | |||||
CMAOT 2002 A A4 |
Asset Backed Securities | ** | 149,328 | |||||
CMAOT 2003-A A4 |
Asset Backed Securities | ** | 185,340 | |||||
CCIMT 1999-2 A |
Asset Backed Securities | ** | 436,930 | |||||
CCCIT 2000-A3 A3 |
Asset Backed Securities | ** | 438,690 | |||||
CCCIT 2003-A6 A6 |
Asset Backed Securities | ** | 366,591 | |||||
FNR 2002-74 PJ |
Asset Backed Securities | ** | 330,969 | |||||
FNW 2003-W16 AF3 |
Asset Backed Securities | ** | 129,877 | |||||
HART 2003-A A4 |
Asset Backed Securities | ** | 148,512 | |||||
PECO 2001-A A1 |
Asset Backed Securities | ** | 255,662 | |||||
PCCMT 2000-1 A |
Asset Backed Securities | ** | 646,249 | |||||
RNLT 2001-1 A4 |
Asset Backed Securities | ** | 189,022 | |||||
WFNMT 2003-A A2 |
Asset Backed Securities | ** | 226,264 | |||||
3,954,750 |
35
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value |
|||||
FNMA 15 YR TBA |
Mortgage Backed Securities | ** | 234,179 | |||||
FNMA 30 YR TBA |
Mortgage Backed Securities | ** | 5,085,717 | |||||
FNMA 30 YR TBA (S) |
Mortgage Backed Securities | ** | (915,429 | ) | ||||
FNMA 30 YR TBA |
Mortgage Backed Securities | ** | 4,971,600 | |||||
FNMA 30 YR TBA |
Mortgage Backed Securities | ** | $ | 3,153,680 | ||||
GNMA I TBA |
Mortgage Backed Securities | ** | 2,758,109 | |||||
GNMA I TBA |
Mortgage Backed Securities | ** | 274,390 | |||||
FHLM 15 YR GOLD TBA |
Mortgage Backed Securities | ** | 153,236 | |||||
BOAMS 2003-L 2A2 |
Mortgage Backed Securities | ** | 342,499 | |||||
BOAMS 2004-A 2A2 |
Mortgage Backed Securities | ** | 182,998 | |||||
BOAMS 2004-I 3A2 |
Mortgage Backed Securities | ** | 93,880 | |||||
BSCMS 2004-T14 A2 |
Mortgage Backed Securities | ** | 201,221 | |||||
CWL 2003-5 AF3 |
Mortgage Backed Securities | ** | 165,229 | |||||
CWHL 2003-60 2A1 |
Mortgage Backed Securities | ** | 46,292 | |||||
CFAB 03-1 IA-6 |
Mortgage Backed Securities | ** | 174,569 | |||||
GNMA II TBA |
Mortgage Backed Securities | ** | 181,515 | |||||
CSFB 2004-C5 A4 |
Mortgage Backed Securities | ** | 451,155 | |||||
DLJCM 1999-CG2 A1B |
Mortgage Backed Securities | ** | 450,389 | |||||
FHLMC 7YR BALLOON |
Mortgage Backed Securities | ** | 75,914 | |||||
FHLMC GOLD |
Mortgage Backed Securities | ** | 18,129 | |||||
FHLMC GOLD |
Mortgage Backed Securities | ** | 48,748 | |||||
FHLMC GOLD |
Mortgage Backed Securities | ** | 24,439 | |||||
FHLMC GOLD |
Mortgage Backed Securities | ** | 274,555 | |||||
FHLMC 15YR GOLD |
Mortgage Backed Securities | ** | 268,128 | |||||
FHLMC GOLD |
Mortgage Backed Securities | ** | 45,706 | |||||
FHLMC GOLD |
Mortgage Backed Securities | ** | 71,489 | |||||
FHLMC 15YR GOLD |
Mortgage Backed Securities | ** | 24,423 | |||||
FHLMC GOLD |
Mortgage Backed Securities | ** | 140,066 | |||||
FHL ARM |
Mortgage Backed Securities | ** | 163,167 | |||||
FNMA 15YR |
Mortgage Backed Securities | ** | 382,288 | |||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 366,365 | |||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 110,868 | |||||
FNMA 15YR |
Mortgage Backed Securities | ** | 37,741 | |||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 281,179 | |||||
FNMA 15YR |
Mortgage Backed Securities | ** | 58,323 | |||||
FNMA 15YR |
Mortgage Backed Securities | ** | 122,252 | |||||
FNMA 15YR |
Mortgage Backed Securities | ** | 390,480 | |||||
FNMA 15YR |
Mortgage Backed Securities | ** | 390,179 | |||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 17,888 | |||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 3,154 | |||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 6,293 | |||||
FNMA 30YR |
Mortgage Backed Securities | ** | 459,193 | |||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 374,582 | |||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 220,043 | |||||
FNMA 15YR |
Mortgage Backed Securities | ** | 76,682 |
36
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 324,855 | ||||
FNR 2003-40 NI |
Mortgage Backed Securities | ** | 11,445 | ||||
FHR 2614 IH |
Mortgage Backed Securities | ** | 36,806 | ||||
FHR 2631 IG |
Mortgage Backed Securities | ** | $ | 32,804 | |||
FHR 2631 PC |
Mortgage Backed Securities | ** | 677,565 | ||||
FNR 2003-92 NM |
Mortgage Backed Securities | ** | 125,451 | ||||
FHR 2686 JG |
Mortgage Backed Securities | ** | 469,910 | ||||
FHR 2780 LC |
Mortgage Backed Securities | ** | 259,119 | ||||
FHR 2882 YB |
Mortgage Backed Securities | ** | 206,545 | ||||
FHR 2890 PB |
Mortgage Backed Securities | ** | 664,075 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 78,209 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 82,223 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 435,164 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 343,097 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 109,832 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 61,858 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 292,966 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 587,585 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 160,574 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 80,082 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 166,232 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 73,283 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 51,549 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 26,607 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 63,841 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 63,025 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 549,752 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 38,187 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 185,679 | ||||
FNMA 15YR |
Mortgage Backed Securities | ** | 41,507 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 153,099 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 153,110 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 205,379 | ||||
FNMA 30 YR |
Mortgage Backed Securities | ** | 793,796 | ||||
GECMC 2001 1 A2 |
Mortgage Backed Securities | ** | 260,691 | ||||
GMACC 2001-C2 A2 |
Mortgage Backed Securities | ** | 252,084 | ||||
GNMA 30 YR |
Mortgage Backed Securities | ** | 308,837 | ||||
GNMA 30 YR |
Mortgage Backed Securities | ** | 87,640 | ||||
GOVT NATL MTG ASSN II |
Mortgage Backed Securities | ** | 20,411 | ||||
GOVT NATL MTG ASSN II |
Mortgage Backed Securities | ** | 3,295 | ||||
GOVT NATL MTG ASSN II |
Mortgage Backed Securities | ** | 923 | ||||
GOVT NATL MTG ASSN II |
Mortgage Backed Securities | ** | 19,354 | ||||
GNMA ll 30 YR |
Mortgage Backed Securities | ** | 252,172 | ||||
GNMA ll 30 YR |
Mortgage Backed Securities | ** | 625,520 | ||||
GNMA ll 30 YR |
Mortgage Backed Securities | ** | 418,638 | ||||
GNMA 30 YR |
Mortgage Backed Securities | ** | 144,463 | ||||
GOVT NATL MTG ASSN I |
Mortgage Backed Securities | ** | 306,280 |
37
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
GOVT NATL MTG ASSN I |
Mortgage Backed Securities | ** | $ | 16,978 | |||
GOVT NATL MTG ASSN I |
Mortgage Backed Securities | ** | 14,563 | ||||
GOVT NATL MTG ASSN I |
Mortgage Backed Securities | ** | 22,772 | ||||
GOVT NATL MTG ASSN |
Mortgage Backed Securities | ** | 12,221 | ||||
GOVT NATL MTG ASSN GPM |
Mortgage Backed Securities | ** | 6,598 | ||||
GNMA 30 YR |
Mortgage Backed Securities | ** | 34,156 | ||||
GNMA 30 YR |
Mortgage Backed Securities | ** | 1,963 | ||||
GNMA 30 YR |
Mortgage Backed Securities | ** | 20,718 | ||||
GNMA 15 YR |
Mortgage Backed Securities | ** | 12,963 | ||||
GNMA 15 YR |
Mortgage Backed Securities | ** | 156,244 | ||||
GNMA 15 YR |
Mortgage Backed Securities | ** | 37,213 | ||||
GSMS 2004-GG2 A2 |
Mortgage Backed Securities | ** | 202,898 | ||||
GNMA 30 YR |
Mortgage Backed Securities | ** | 60,447 | ||||
GNR 2004-23 B |
Mortgage Backed Securities | ** | 116,888 | ||||
GNR 2004-44 PC |
Mortgage Backed Securities | ** | 904,070 | ||||
GNR 2004-97 B |
Mortgage Backed Securities | ** | 298,083 | ||||
GNR 2004-77 B |
Mortgage Backed Securities | ** | 225,285 | ||||
GCCFC 2004-GG1 A7 |
Mortgage Backed Securities | ** | 468,347 | ||||
JPMCC 2001-CIBC A3 |
Mortgage Backed Securities | ** | 495,854 | ||||
MSDWC 2002 TOP7 A1 |
Mortgage Backed Securities | ** | 193,455 | ||||
SBHEL 2000-1 A6 |
Mortgage Backed Securities | ** | 251,607 | ||||
WAMU 2004-AR1 A |
Mortgage Backed Securities | ** | 99,161 | ||||
36,415,506 | |||||||
FREDDIE MAC |
US Government & Agencies | ** | 1,112,326 | ||||
FREDDIE MAC |
US Government & Agencies | ** | 1,917,995 | ||||
FREDDIE MAC |
US Government & Agencies | ** | 686,372 | ||||
FED NATL MTG ASSOC BENCHMARK BONDS |
US Government & Agencies | ** | 61,899 | ||||
FANNIE MAE |
US Government & Agencies | ** | 365,001 | ||||
TVA |
US Government & Agencies | ** | 684,947 | ||||
U S TREASURY BONDS |
US Government & Agencies | ** | 435,036 | ||||
U S TREASURY BONDS |
US Government & Agencies | ** | 2,222,291 | ||||
U S TREASURY BONDS |
US Government & Agencies | ** | 292,701 | ||||
U S TREASURY BONDS |
US Government & Agencies | ** | 993,840 | ||||
US TREASURY NOTES |
US Government & Agencies | ** | 605,523 | ||||
TREASURY NT |
US Government & Agencies | ** | 466,785 | ||||
US TREASURY |
US Government & Agencies | ** | 1,305,716 | ||||
US TREASURY |
US Government & Agencies | ** | 1,767,237 | ||||
TREASURY INFL INDX |
US Government & Agencies | ** | 918,999 | ||||
U S TREASURY NT/BD |
US Government & Agencies | ** | 3,086,186 | ||||
U S TREASURY NT/BD |
US Government & Agencies | ** | 3,027,532 | ||||
US TREASURY NT |
US Government & Agencies | ** | 440,195 | ||||
US TREASURY NT/BD |
US Government & Agencies | ** | 245,422 | ||||
US TREASURY NT/BD |
US Government & Agencies | ** | 111,260 | ||||
US TREASURY NT/BD |
US Government & Agencies | ** | $ | 3,208,115 | |||
US TREASURY NT/BD |
US Government & Agencies | ** | 31,437 | ||||
US TREASURY NT/BD |
US Government & Agencies | ** | 592,318 | ||||
24,579,133 |
38
Identity of Issue, Borrower, Lessor, or Similar Party |
Description of Investment Including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value |
Cost |
Current Value | ||||
ABN AMRO BK SUB NT |
Corporate Bond | ** | 108,036 | ||||
AIG SUNAMERICA GLOB FINANCING XII 144A |
Corporate Bond | ** | 234,939 | ||||
AOL TIME WARNER |
Corporate Bond | ** | 244,169 | ||||
AT&T BROADBAND CORP |
Corporate Bond | ** | 320,979 | ||||
ABBOTT LABORATORIES |
Corporate Bond | ** | 260,441 | ||||
ACE INA HOLDINGS INC |
Corporate Bond | ** | 247,107 | ||||
ALABAMA POWER CO |
Corporate Bond | ** | 235,541 | ||||
ALCAN INC |
Corporate Bond | ** | 259,715 | ||||
ALLSTATE FINANCIAL GLOBAL FUNDING 144A |
Corporate Bond | ** | 248,890 | ||||
AMERICA MOVIL SA DE CV |
Corporate Bond | ** | 55,073 | ||||
AMGEN INC 144A |
Corporate Bond | ** | 54,986 | ||||
B B & T CORP |
Corporate Bond | ** | 223,024 | ||||
BHP FINANCE USA LTD |
Corporate Bond | ** | 255,551 | ||||
BAKER HUGHES INC |
Corporate Bond | ** | 138,607 | ||||
BANK ONE CORP |
Corporate Bond | ** | 274,097 | ||||
BELO CORPORATION |
Corporate Bond | ** | 159,332 | ||||
BOEING CO DEB |
Corporate Bond | ** | 75,991 | ||||
BUCKEYE PARTNERS |
Corporate Bond | ** | 51,553 | ||||
BUCKEYE PARTNERS |
Corporate Bond | ** | 128,310 | ||||
BUNGE LTD FINANCE CORP |
Corporate Bond | ** | 227,222 | ||||
CIT GROUP HOLDINGS |
Corporate Bond | ** | 234,417 | ||||
CIT GROUP INC |
Corporate Bond | ** | 49,889 | ||||
CVS CORP |
Corporate Bond | ** | 246,923 | ||||
CANADIAN NATL RAILWAYS |
Corporate Bond | ** |