| List tof Investments at Year End 2007 - w/ Market Values | ||||||||||
| 12/31/2007 | ||||||||||
| COUPON | PURCHASE | MATURITY | FACE | MARKET | ||||||
| INSTRUMENT | ISSUER | RATE | YIELD | DATE | DATE | COST | VALUE | VALUE | ||
| BOND | BMO | 4.200 | 4.244 | 03-Jan-2007 | 03-Jan-2008 | 2,000,000.00 | 2,000,000.00 | 1,939,000.00 | ||
| BOND | FARM CREDI | 4.100 | 4.141 | 24-Jul-2007 | 24-Jan-2008 | 1,000,000.00 | 1,000,000.00 | 977,870.00 | ||
| BOND | BNS | 4.300 | 4.346 | 25-Jan-2007 | 25-Jan-2008 | 1,000,000.00 | 1,000,000.00 | 977,870.00 | ||
| BOND | ONT | 4.200 | 4.244 | 13-Apr-2007 | 31-Jan-2008 | 994,500.00 | 1,000,000.00 | 971,825.00 | ||
| BOND | BNS | 4.350 | 4.397 | 22-Feb-2007 | 22-Feb-2008 | 1,500,000.00 | 1,500,000.00 | 1,480,914.00 | ||
| BOND | BNS | 4.300 | 4.346 | 24-Feb-2007 | 24-Feb-2008 | 1,000,000.00 | 1,000,000.00 | 982,500.00 | ||
| BOND | RBC | 4.300 | 4.346 | 14-Mar-2007 | 14-Mar-2008 | 1,000,000.00 | 1,000,000.00 | 981,490.00 | ||
| BOND | ACFA | 4.350 | 4.396 | 10-Apr-2007 | 10-Apr-2008 | 1,000,000.00 | 1,000,000.00 | 977,072.00 | ||
| BOND | BMO | 4.500 | 4.551 | 01-Jun-2007 | 01-Jun-2008 | 2,000,000.00 | 2,000,000.00 | 1,960,000.00 | ||
| BOND | BMO | 4.500 | 4.551 | 14-Jun-2007 | 14-Jun-2008 | 3,000,000.00 | 3,000,000.00 | 2,935,500.00 | ||
| BOND | BNS | 4.700 | 4.755 | 15-Jun-2007 | 15-Jun-2008 | 3,400,000.00 | 3,400,000.00 | 3,360,710.00 | ||
| BOND | FARM CREDI | 4.400 | 4.448 | 16-Jun-2007 | 16-Jun-2008 | 5,000,000.00 | 5,000,000.00 | 4,982,500.00 | ||
| BOND | FARM CREDI | 4.550 | 4.602 | 28-Jun-2007 | 28-Jun-2008 | 3,000,000.00 | 3,000,000.00 | 2,976,672.00 | ||
| BOND | BMO | 4.750 | 4.806 | 25-Jul-2007 | 25-Jul-2008 | 1,000,000.00 | 1,000,000.00 | 984,000.00 | ||
| BOND | CIBC | 5.050 | 5.114 | 25-Jul-2007 | 25-Jul-2008 | 3,000,000.00 | 3,000,000.00 | 2,959,500.00 | ||
| BOND | BNS | 5.000 | 5.063 | 13-Aug-2007 | 13-Aug-2008 | 1,000,000.00 | 1,000,000.00 | 997,204.00 | ||
| BOND | RBC | 4.100 | 4.141 | 24-Aug-2007 | 24-Aug-2008 | 5,000,000.00 | 5,000,000.00 | 4,952,115.00 | ||
| BOND | CIBC | 5.000 | 5.063 | 28-Aug-2007 | 28-Aug-2008 | 1,500,000.00 | 1,500,000.00 | 1,502,797.50 | ||
| BOND | BMO | 4.650 | 4.704 | 10-Sep-2007 | 10-Sep-2008 | 2,000,000.00 | 2,000,000.00 | 1,987,000.00 | ||
| BOND | BMO | 4.500 | 4.550 | 25-Sep-2007 | 25-Sep-2008 | 4,000,000.00 | 4,000,000.00 | 3,864,680.00 | ||
| BOND | BMO | 5.000 | 5.063 | 27-Sep-2007 | 27-Sep-2008 | 2,000,000.00 | 2,000,000.00 | 1,983,000.00 | ||
| BOND | MANITOBA | 4.700 | 4.755 | 01-Oct-2007 | 01-Oct-2008 | 1,500,000.00 | 1,500,000.00 | 1,506,600.00 | ||
| BOND | MANITOBA | 4.100 | 4.141 | 01-Oct-2007 | 01-Oct-2008 | 3,000,000.00 | 3,000,000.00 | 2,989,326.00 | ||
| BOND | ACFA | 5.000 | 5.063 | 22-Oct-2007 | 22-Oct-2008 | 3,990,000.00 | 4,000,000.00 | 3,994,000.00 | ||
| BOND | BMO | 4.450 | 4.500 | 27-Oct-2007 | 27-Oct-2008 | 2,000,000.00 | 2,000,000.00 | 1,953,000.00 | ||
| BOND | ACFA | 4.350 | 4.397 | 30-Oct-2007 | 30-Oct-2008 | 2,000,000.00 | 2,000,000.00 | 1,959,746.00 | ||
| BOND | ONT | 3.800 | 3.836 | 04-Nov-2007 | 04-Nov-2008 | 1,000,000.00 | 1,000,000.00 | 985,714.00 | ||
| BOND | ONT | 4.400 | 4.573 | 17-Nov-2003 | 19-Nov-2008 | 497,295.00 | 500,000.00 | 500,000.00 | ||
| BOND | ONT | 4.400 | 4.529 | 17-Nov-2003 | 19-Nov-2008 | 996,500.00 | 1,000,000.00 | 1,000,000.00 | ||
| BOND | ACFA | 4.600 | 4.653 | 20-Nov-2007 | 20-Nov-2008 | 1,000,000.00 | 1,000,000.00 | 1,000,079.00 | ||
| BOND | ONT | 4.150 | 4.193 | 22-Nov-2006 | 22-Nov-2008 | 1,000,000.00 | 1,000,000.00 | 978,018.00 | ||
| BOND | ONT | 5.700 | 3.216 | 15-Jun-2005 | 01-Dec-2008 | 3,244,932.00 | 3,000,000.00 | 3,175,000.00 | ||
| BOND | FARM CREDI | 4.300 | 4.346 | 01-Dec-2007 | 01-Dec-2008 | 1,000,000.00 | 1,000,000.00 | 988,345.00 | ||
| BOND | MANITOBA | 4.100 | 4.141 | 01-Dec-2007 | 01-Dec-2008 | 2,000,000.00 | 2,000,000.00 | 1,959,000.00 | ||
| BOND | FARM CREDI | 4.100 | 4.142 | 05-Dec-2007 | 05-Dec-2008 | 1,000,000.00 | 1,000,000.00 | 974,940.00 | ||
| BOND | FARM CREDI | 4.100 | 4.142 | 05-Dec-2007 | 05-Dec-2008 | 1,000,000.00 | 1,000,000.00 | 974,940.00 | ||
| BOND | BNS | 4.300 | 4.346 | 10-Dec-2007 | 10-Dec-2008 | 2,000,000.00 | 2,000,000.00 | 1,969,436.00 | ||
| BOND | RBC | 4.150 | 4.193 | 16-Dec-2007 | 16-Dec-2008 | 1,500,000.00 | 1,500,000.00 | 1,458,799.50 | ||
| BOND | FARM CREDI | 4.200 | 4.244 | 20-Dec-2007 | 20-Dec-2008 | 1,000,000.00 | 1,000,000.00 | 989,347.00 | ||
| BOND | FARM CREDI | 4.200 | 4.244 | 20-Dec-2007 | 20-Dec-2008 | 1,000,000.00 | 1,000,000.00 | 989,347.00 | ||
| BOND | MANITOBA | 4.200 | 4.244 | 31-Dec-2007 | 31-Dec-2008 | 1,000,000.00 | 1,000,000.00 | 976,940.00 | ||
| BOND | CHT | 3.550 | 3.609 | 17-Mar-2004 | 15-Mar-2009 | 998,780.00 | 1,000,000.00 | 994,815.00 | ||
| BOND | CHT | 3.550 | 4.300 | 24-Apr-2006 | 15-Mar-2009 | 2,947,500.00 | 3,000,000.00 | 2,983,890.00 | ||
| BOND | CIBC | 5.150 | 4.377 | 26-Mar-2004 | 26-Mar-2009 | 10,365,000.00 | 10,000,000.00 | 9,962,452.00 | ||
| BOND | ONT | 4.000 | 4.189 | 03-May-2004 | 19-May-2009 | 2,980,260.00 | 3,000,000.00 | 3,010,898.10 | ||
| BOND | GOV CAN | 5.500 | 4.201 | 10-Jul-2003 | 01-Jun-2009 | 2,138,920.00 | 2,000,000.00 | 2,100,000.00 | ||
| BOND | CMHC | 4.650 | 4.200 | 20-Sep-2004 | 15-Sep-2009 | 1,020,270.00 | 1,000,000.00 | 1,009,698.00 | ||
| BOND | LONDON | 4.500 | 4.580 | 19-Sep-2003 | 19-Sep-2009 | 498,830.00 | 500,000.00 | 502,238.50 | ||
| BOND | TORONTO | 4.500 | 4.586 | 25-Sep-2003 | 25-Sep-2009 | 499,100.00 | 500,000.00 | 502,341.50 | ||
| BOND | TORONTO | 4.500 | 4.586 | 25-Sep-2003 | 25-Sep-2009 | 499,100.00 | 500,000.00 | 502,341.50 | ||
| BOND | CHT | 3.550 | 3.630 | 27-Sep-2005 | 15-Sep-2010 | 998,910.00 | 1,000,000.00 | 986,552.00 | ||
| BOND | CHT | 3.550 | 4.040 | 09-Dec-2005 | 15-Sep-2010 | 1,964,800.00 | 2,000,000.00 | 1,971,320.00 | ||
| BOND | CHT | 3.550 | 4.021 | 18-Jan-2006 | 15-Sep-2010 | 2,945,340.00 | 3,000,000.00 | 2,956,980.00 | ||
| BOND | CHT | 3.550 | 4.310 | 06-Apr-2006 | 15-Sep-2010 | 2,913,900.00 | 3,000,000.00 | 2,956,980.00 | ||
| BOND | TORONTO | 4.750 | 4.801 | 25-Sep-2003 | 25-Sep-2010 | 499,900.00 | 500,000.00 | 505,784.50 | ||
| BOND | CHT | 4.050 | 4.263 | 29-Mar-2006 | 15-Mar-2011 | 1,984,980.00 | 2,000,000.00 | 1,996,060.00 | ||
| BOND | YORK | 4.125 | 4.208 | 25-May-2005 | 25-May-2011 | 997,900.00 | 1,000,000.00 | 992,878.00 | ||
| BOND | HALTON | 4.600 | 4.684 | 13-Feb-2004 | 12-Feb-2012 | 989,018.00 | 991,000.00 | 1,003,457.86 | ||
| BOND | FARM CREDI | 4.100 | 5.104 | 23-Aug-2007 | 20-Apr-2012 | 2,091,390.00 | 2,165,000.00 | 2,111,182.43 | ||
| BOND | ONT | 4.600 | 4.776 | 18-Sep-2007 | 02-Dec-2012 | 1,491,750.00 | 1,500,000.00 | 1,503,120.00 | ||
| BOND | ONT | 4.600 | 4.899 | 15-Oct-2007 | 02-Dec-2012 | 1,978,600.00 | 2,000,000.00 | 2,004,160.00 | ||
| BOND | BCMFA | 4.950 | 5.027 | 22-Apr-2004 | 22-Apr-2013 | 998,900.00 | 1,000,000.00 | 1,000,000.00 | ||
| BOND | TD | 5.690 | 5.150 | 28-Nov-2007 | 03-Jun-2013 | 5,143,750.00 | 5,000,000.00 | 5,117,500.00 | ||
| BOND | YORK | 3.900 | 4.040 | 27-Sep-2005 | 27-Sep-2013 | 1,986,000.00 | 2,000,000.00 | 1,943,440.00 | ||
| BOND | ON | 5.000 | 5.050 | 08-Oct-2004 | 08-Mar-2014 | 1,000,830.00 | 1,000,000.00 | 1,035,600.00 | ||
| BOND | CIBC | 4.750 | 4.839 | 14-Mar-2005 | 22-Dec-2014 | 1,994,880.00 | 2,000,000.00 | 1,923,122.00 | ||
| BOND | ONT | 4.500 | 4.276 | 22-Jul-2005 | 08-Mar-2015 | 1,021,050.00 | 1,000,000.00 | 1,006,064.00 | ||
| BOND | ONT | 4.500 | 4.318 | 24-Oct-2005 | 08-Mar-2015 | 3,052,200.00 | 3,000,000.00 | 3,063,164.40 | ||
| BOND | ONT | 4.300 | 4.472 | 26-Apr-2007 | 08-Mar-2017 | 1,485,315.00 | 1,500,000.00 | 1,483,608.00 | ||
| BOND | YORK REGI | 4.600 | 4.660 | 30-May-2007 | 30-May-2017 | 1,999,200.00 | 2,000,000.00 | 1,983,714.00 | ||
| BOND | RBC | 5.450 | 5.257 | 10-Oct-2007 | 04-Nov-2018 | 3,039,990.00 | 3,000,000.00 | 3,042,000.00 | ||
| ACCRUAL | BMO | 4.650 | 05-Mar-2007 | 05-Mar-2008 | 3,000,000.00 | 3,139,500.00 | 3,114,725.41 | |||
| ACCRUAL | BMO | 5.110 | 02-May-2007 | 02-May-2008 | 4,000,000.00 | 4,204,400.00 | 4,135,708.20 | |||
| BA | TD | 4.530 | 14-Dec-2007 | 21-Jan-2008 | 19,906,200.00 | 20,000,000.00 | 19,948,163.16 | |||
| BA | TD | 4.500 | 04-Dec-2007 | 04-Feb-2008 | 8,931,690.00 | 9,000,000.00 | 8,961,437.90 | |||
| BA | HONGKONG | 4.800 | 16-Aug-2007 | 11-Feb-2008 | 6,839,000.00 | 7,000,000.00 | 6,962,223.46 | |||
| BDN | HONGKONG | 4.800 | 18-Dec-2007 | 18-Mar-2008 | 14,822,550.00 | 15,000,000.00 | 14,847,900.00 | |||
| BDN | TD | 4.800 | 19-Sep-2007 | 20-Mar-2008 | 2,929,500.00 | 3,000,000.00 | 2,969,180.33 | |||
| BDN | TD | 4.650 | 23-Nov-2007 | 28-Mar-2008 | 12,794,600.00 | 13,000,000.00 | 12,856,546.03 | |||
| BDN | HONGKONG | 4.760 | 18-Dec-2007 | 16-Jun-2008 | 6,838,580.00 | 7,000,000.00 | 6,850,173.70 | |||
| 218,858,216.98 | ||||||||||