Return of Private Foundation 2003990s.foundationcenter.org/990pf_pdf_archive/626/... · Department...

i-1- OMB No 1545-0052 Return of Private Foundation

or Section 4947.(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation

Note: The organization may be able to use a copy of this return to satisfy state repor

or tax vear beatnninn , and endino

Form 990-PF Department of the Treasury Internal Revenue service 2003 For calend

Employer identification number

62-6041468 Use the IRS Name of organization

lapel . Otherwise ; HE MACLELLAN FOUNDATION, INC .

print Number and street (or P O box number If mail is sae delivered m stud address) Roon"I'sulte B Telephone number

UMPROVIDENT BUILDING ONE FOUNTAIN SQ O1 ( 423 ) 294-8142 See Specific Instructions] City or town, state, and ZIP code

C If exemption application is pending, check here

)CHATTANOOGA , TN 37402 D 1 . Foreign organizations, check here . _ H Check type of organization : ~ Section 501(c)(3) exempt private foundation 2' =n ~ ~e"~,, meeting ~o~ s~i ~'t' . 1

Section 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundaUon E If private foundation status was terminated I Fair market value of all assets at end of year J Accounting method : = Cash = Accrual under section 507(b)(1)(A), check here . ." (from Pert 11, col. (c), line 16) OX Other (specify) MODIFIED CASH F If the foundation is m a 60-month termination 111114 3 0 3 7 5 5 19 6 . (Part l, column (d) must be on cash basis.) under section 507 (b )( 1 ) B), check here " []

Analysis of Revenue and Expenses d Disbursements Rre m~ or amounts in caur,~u rod, ~, and (a) may not (a) Revenue and (h) Net investment (c) Adjusted net anteble purposes necessanly equal the amounts m column (Q.) expenses per books income income inn basis only) Contributions, gifts, grants, etc ., received . . . . . . 1,000 . ~jW:x. Check 1 ~ d the toundaHm is not reqUI~Od to &Cach Sch. B - ` - - - - -

2 Distributions from s lit-interesttrusts . " - "" ` ` . . . . . . . . . . to a '`ehrw.,', °~b Sa,dtemporary 57,214 . 41,037 . 4 Dividends and interest from securities . . . . _ . . . . . 5,059,061 . 5,058, 352 . 5a Gross rents . . . _ . , . . . _ . . . ._ . . .-b (Net rental Income or (low) 1

d 6a Net gain or Qoss) from sale of assets not on - - -7 line 10 7 421 7 582 . . . . .--- . . . . . . . . . . . . . . . . . . . . I

b Gross sales price for all 3 2 2 4 3 18 4 . asset online 6a

cc 7 Capital pain net Income (from Part IV, line 2) 7, 181 4 769 . 8 Net short-te cap ~ _ . 9 Income mo iflcatio~l,�eE.1VED. . . . . "' 10a ~,a a

ices i .e . . . .

. , b Less cost of

C) E .

c Gross pro . or ( ss) . . . . . . . . . . . . . . . . . . . . . . W 11 Other inco . . . . . . . . .1 .

I .� IEN - -431 , 414 . -507 , 824 .

12 Total . Add nesl 11 903 443 . 11 773 334 . 13 Compensation of officers, directors, w, ~. . . . . . . 144,894 . 36, 224 . 14 Other employee salaries and wages . __ . . . _ . . . . . 473 , 317 . 118 329 . 15 Pension plans, employee benefits . . . . _ . . . . . . . . 115 , 291 . 28,823 .

y 16a legal fees , ., . .� , . . . , ., . . . . ._ _ . . STMT. . 5 . . 72,744 . 0 . Accounting fees . . . . . . . . . . . . . . . . . . S T1KT. . . .6 . . . 18,550 . 0 .

w c Other professional fees . . . . . . . STMT _7 . . 570 , 242 . 350,432 . 17 interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 845 , 537 . 795,911 .

1! 18 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . STMT ..8_ . 51 , 279 . 12 , 916 . M 19 Deprecation and depletion . . . . . . . . . . . . . . . . . 70,526 . 0 . T 20 Occupancy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51,077 . 25 ( 539 . a 21 Travel, conferences, and meetings . . . . . . . . . . . . . . . . 250 , 106 . 0 . W 22 Printing and publications _ . . . . . . 1 , 107 . 1 10 7 . 553 .

23 Other expenses . . . . . . . . . . . . . . . . . STMT .._9. . 1 , 288 , 749 . 806 , 760 . 24 Total operating and administrative

a expenses . Add pines 13 through 23 . . . ._ . . . . . 3, 95 3 419 . 2 17 5 4 87 . 0 25 Contdbubons, gifts, grants paid . . . . . . . __ . . _ . 10 , 981 , 12 0 . --.

26 Total expenses and disbursements .

108,670 . 354,988 . 86,468 . 72,744 . 18,550 .

219,810 . 49,626 . 36,944 .

25,538 . 250,106 .

554 .

12 , 688 , 402 .

{y , . , , l

ZOO~orm 990-PF (2003) av

AddInes24 and25 14 934 539 . 2 , 175 , 487 . 27 Subtract line 26 from line 12'

. 8 Excess of revenue over expenses and disbursements _ -3, 031,096 .

b Net Investment income (f negatrie, enter -a) 97 4 847A sc AdJusted net income of negative, afar-ay_ , . N/A

1Z~ ~ LHA For Paperwork Reduction AM Notice, seethe instructions . SCANNED S(:r 0

.,

7 .7

483,324 .

1,707,282 . 0,981 .120 .

s r

62-6041468 End of year

Book Value (c) Fair market value

a

Form 990-PF (2003) THE MACLELLAN FOUNDATION INC .

~~ Balance Sheets Awedscneaulosandamamismmecesenpaan Beginning of year caurmshould bel«aio-oi-yearartaumsonry. (a) Book Value

1 Cash -non-interest-beanng . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . 2 Savings and temporary cash investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 , 100 , 782 . 962,654 . 9 6 .2 6

;5

4 .

3 Accounts receivable Less : allowance for doubtful accounts

4 Pledges receivable Less : allowance for doubtful accounts 1 ~ ,

5 Grants receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B Recefvables due from officers, directors, trustees, and other

disqualified persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . - - - . . . . . . . . . . . . . . . . 7 Olhxnobsandloans maiwhk . . . . . . . . . . . . " '.; : . . . . . . . . .

Less : allowance for doubtful accounts

r 8 Inventories for sale or use _ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Prepaid expenses and deferred charges . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10a Investments - U.S . and state government obligations . . . . . . . . . ., . . b investments -corporate stock STMT ..1.1_ 36 , 267,507 .

. . . . . . . . . . . . . . . . . . . . . . . . e Investments -corporate bonds

c ". - - , . . . . .

38,981,418 .E 156,498,602 .

., 11 Inveshronts-Imd buAdnqs, ande4jipmeM bay 65 , 000 . ,"

t= aocurntfteaanrwaeon . . . . . . . .. . . . . . . . . - -~ - -, ~ ~ - ~ ~ 65,000 . ~ 65 r 000_.

12 Investments - mortgage loans . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Investments -other . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . ..STMT ..12_ 123 , 114 419 . 115,668,984 . 131 , 774 , 540 . 14 Land, buildings, and equipment : basis " 592 , 375 .`' ' ~

tss.am,rn,nunawrecunon ,STMT . .1 .3 . 253 , 822 . ~ ~~391,~958 . ~ ~ 338 553 . 338, 553 . 15 Other assets (describe 11110. STATEMENT 14 ~ 0 . 14,115,847 . 14,115 1 847 .

164 874 666 . 170 132 456 . 303 , 755 , 196 .

._ {

3 , 250,000 . 2 , 287 , 881 .' :, 368 661 . 329,312,"" ' .

3 , 618 , 661 . 2 , 617 , 193 .

161, 256, 005 . 167 , 515 , 263 . + - '}~ 1x. k.

!y1 _ s s S

> . \.

. 161 , 256 , 005 . 167,515 , 263

23 Total liabilities add lines 17 throw h 22 Organization: that follow SFAS 117, check here poll D and complete lines 24 through 26 and lines 30 and 31 .

24 Unrestricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Temporarily restricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -- - . . . .

m 26 Permanently restricted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Organizations that do not follow SFAS 117, check here 10. F-1

and complete liner 27 through 31 . 27 Capital stock, trust principal, or current funds . _. . . . . . . . . . . . . . . . . . . .

, 28 Paid-in or capital surplus, or land, bldg ., and equipment fund , . . . . . . . . .

29 Retained earnings, accumulated income, endowment, or other funds . .

Z 30 Total net assets or fund balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

31 To tal liabilities and net assets and balances . . . . . . . . . . . . . . . . . . 16 4 8 7 4 6 6 6 . 170 , 132 , 456 .

Analysis of Changes in Net Assets or Fund Balances

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

2 Enter amount from Part I, line 27a . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . --- . . . . . . . . . . . . . . . . . . . . . . . . . . . . .--- . . . . . . . . . . . .

3 Other increases not included in line 2 (itemize) " SEE STATEMENT 10

4 Add lines 1, 2 . and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Decreases not included in line 2 (itemize) 10, 6 Total net assets or fund balances at end of veer (line 4 minus line 5) - Part 11, column (b), line 30

161,256,005 . -3,031,096 . 9,290,354 .

167,515,263 . 0 .

167,515,263 . Form 990-PF (2003)

323511 12-oso3 2

r

17 Accounts payable and accrued expenses . . . . . . . . . . . . . . . . . . . . . . 18 Grants payable . . . . .. . . . . . . . . . . . . . . . . . . . -- . . . . . . . . . . . . . . 19 Deferred revenue . . . . . . . . . . . . . . . . . . . . . . .

20 Loam from officers, directors, trustee, and other disqualified persona . . . . . .

w 21 Mortgages and other notes payable 22 Other liabilities (describe " STATEMENT . 15

SEE ATTACHED STATEMENTS

(h) Gam or (loss) (e) plus (fl minus (g) (e) Gross sales price (n Depreciation allowed (g) Cost or other basis

(or allowable) I plus expense of sale

a

2 Capital g ain net income or net capital loss ) . I ~f gain, also enter in Part I, line 7 1 ( l If (loss), enter -0- in Part I, line 7 ~ - . . . . . . . . . . .

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) : If gain, also enter in Part I, line 8, column (c) . if (loss), enter-0-in Part I, line 8 N/A

FpV ] Qualification Under Section 494Q(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )

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

Was the organization liable for the section 4942 tax on the distributable amount of any year in the bass period? _ __ ___ __ . . . . . . . . . . . . . . . . . . . . . . D Yes [XI No If "Yes,' the organization does not qualify under section 494Q(e) . Do not complete this part . 1 Enter the appropriate amount in each column for each year; see instructions before making any entries .

(b) ( c) Base period years Calendar ear artax ear beginning in Ad j usted qualifyin g distributions Net value of noncharitable-use assets

Distribution ratio (col . (b) divided by col . (c))

2002 16,909 564 . 319 994,690 . .0528433 200 18 705 860 . 375 042,820 . .0498766 2000 32 526 366 . 315 217 705 . .1031870 1999 34 270,076 . 645 937 964 . .0530547 1998 24,332 .861 . 718 .388,157 . .0338715

.2928331

.0585666

257,391,811 .

15,074,563 .

95,978 .

15,170,541 .

12,688,402 .

Form 990-PF (2003) 3

r

Farm 990-PF 2003) THE MACLELLAN FOUNDATION , INC pal Capital Gains and Losses for Tax on Investment Incom

(a) List and describe the kind(s) of property sold (e.g ., real estate, 2-story brick warehouse ; or common stock, 200 shs . MLC Co.)

r

62-6041468

' How acquired (c) Date acquired (d) Date sob P - Purchase (mo ., day, yr.) (mo., day, yr.) D - Donation

32,207,371 .E 1 25,025,602 . omplete only for assets showing gain in column (h) and owned by the foundation on 12/31/69

(i) F.M .V. as of 12/31/69 (1) Adjusted

of 1Y131169s (over otExcess of col. (i)

(j), if any

(I) Gains {Col . (h) gain minus col . (k), but not less than -0-} or

Losses (from col . (h))

7,182,769 .

7,181 .769 .

2 Total of line 1, column (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Average distribution ratio for the 5-year base period -divide the total online 2 by 5, or by the number of years

the foundation has been in existence if less than 5 years ____ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Enter the net value of nonchaMable-use assets for 2003 from Part X, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Multiply line 4 by line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Enter 1 % of net investment income (196 of Part I, line 27b) � . ._ . . . ., . . ., . . � . ,

7 Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Enter qualifying distributions from Part XII, line 4 . . . __ . . ., . . . . . . . . . . _ . . . . . . . . . . . . . . . . __ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . .

It line 8 is equal to 4r greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1 % tax rate . See the Part VI instructions.

323521n2-05-0 ;

T

Form 990-PF (2003) THE MACLELLAN FOUNDATION , INC . . .V1 Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e),

1 a Exempt operating foundations described in section 4940(d)(2), check here " 0 and enter WA' on line 1 . Date of ruling letter: (attach copy of ruling letter if necessary-see instructions)

b Domestic organizations that meet the section 4940(e) requirements m Part V, check here " 0 and enter 1 % of Part I . line 27b . . . . . . . . . . . . . . . . . . . . . . .-- - - --- . -- - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ---

c All other domestic organizations enter 29'a of line 27b . Exempt foreign organizations enter 4% of Part I, line 12, cal . (b) 2 Tax under section 511 {domestic section 4947(a)(1) trusts and taxable foundations only . Others enter-U-) . . . . . . . . . . . 3 Add lines t and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . 4 Subtitle a (income) tax {domestic section 4947(a)(1) trusts and taxable foundations only . Others enter -0-) . . . . _ . _ . ___ 5 Tax based on investment income . Subtract line 4 from line 3 . If zero or less, enter -0- ., . . . . ._ . . . . . . . . . . . . . _ . __ . . . . . . . . . . 6 Credits/Payments :

62-6041468 Page a

191,957 . a 0 . 5 191,957 .

s\vs ~ksl ~ ~ vs~`

418,982 .

b Exempt foreign organizations-tax withheld at source . ., ._ ._ . . . . . . . . . . . . . . . . . .. _ . . . . . . . . . . 5111 c Tax paid with application for extension of time to file (Form 8868) . . 6c d Backup withholding erroneously withheld Bd 7 Total credits and payments . Add lines 6a through 6d . . . . . . . . . . . . . . . , . . . . ., . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _,_ ._ ._ . __ . . . . . ._ 8 Enter any penalty for underpayment of estimated fax . Check here = rf Form 2220 is attached . . . . . . . . . . . . . . . . . . . . . . . 9 Tax due . If the total of lines 5 and 8 is more than line 7, enter amount owed _ . ___ : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _

10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 11 Enter the amount of line 10 to be : Credited to 2004 estimated tax " 2 2 7 , 0 2 5 . 1 Refunded

227,025 .

4

or 4948 - see instructions)

` ~,{s.vv

s s ~i : }~s

j 191,957 . ` +{ . . . +

-- - ~ 0 .

a 2003 estimated tax payments and 2002 overpayment credited to 2003 6a 418 .982 .

1 a During the tax year, did the organization attempt to influence any national, state, or local legislation or did it participate or intervene in YeS No any political campaign? , .� . . � . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . 1 a X . . . . . . .

6 Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? . . . . . . . . . . 1 b X if the answer is "Yes" to 1 a or 1 b, attach a detailed description of the activities and copies of any materials published or

"-~ distributed by the organization in connection with the activities. c Did the organization file Form 1120-POL for this year? . . . . . . .. . . , � . . . _ . , . _ . _ __ _ . _ . . . . . . . . . . ., . . _ . . ._ . 1c X d Enter the amount (if any) of tax on political expenditures (section 4955) imposed dung the year : . . . .

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

managers. " $ 0 . . . ~ .' _ 2 Has the organization engaged in any activities that have not previously been reported to the IRS? . . . . . ., . . . . . . . . . ., . 2 + .X

If "Yes," attach a detailed description of the activities . 3 Has the organization made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or , .

bylaws, or other similar instruments? 1f "Yes." attach e conformed copy of the changes � . . . . . . . . . . . . . . 3 . 4a Did the organization have unrelated business gross income of $1,000 or more during the yeah? . . . . . .. . . . . . . ._ . . . . . . . . ._ . . . . . . . . . . . . . . . . . 4a X 6 If 'Yes ; has it filed a tax return on Form 990-T for this year? , ,_�� , , . . . . � . � .� .� . ., ., , , , , � ,__, _ , ._ _, � .� ., . � , � � . . , . . , ., . ., 4h X 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? . .�� ._ . _ _,_ � , 5

!f "Yes,' attach the statement required by General Instruction T. 6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either. _ ~ -" By language m the governing instrument or " By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict with the state law

remain in the governing instrument? . . . . . . . . . . . . . . . . . . . . _ . .. . . . t . ` . X~' 7 Did the organization have at least $5,000 m assets at any time during the year? . , . _ . . . . . ,_ . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., ._ ___ . __ 7 X

If "Yes," complete Part 11, col. (c), and Part XV. 8a Enter the states to which the foundation reports or with which it is registered (see instructions) 10,

TENNESSEE , , b If the answer is 'Yes'to line 7, has the organization furnished a copy of Form 990-PF to the Attorney general (or designate) ; . _

of each state as required by General Instruction G? If "No," attach explanation . . . . . . . . . . . .__ . . . . . . . . . . . . . . . __ . . . . . . 8b + X ` 9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar _ _

year 2003 or the taxable year beginning in 2003 (see instructions for Part XIV)? If "Yes," complete Part XIV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 ~ X 10 Did any persons become substantial contributors during the tax year? it -Yes,, attach a schedule listing their names and adaressrs . . . . . . . . . . . . . . . . 10

comply with the public inspection requi rements for its annual returns and exemption application? � , �� _ . ., . . ._ . . . ., . . . . ~ 11 11 Did the organ ization web site address " WWW . MACLELLAN . NET

12 The books are in care of " HUGH O . MACLELLAN, JR . Telephone no . " ( 4 2 3 ) 2 9 4 -814 2 Located at "UNUMPROVIDENT BLDG ., SUITE 501, CHATTANOOGA, TN zIP+4 .37402

73 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF m lieu of Form 1041 - Check here . . . . . . . . . . . . . . . . _ _ . . ._ . . . . . . . . . . . . . . . . . . . . . . . . . . . 10. and enter the amount of tax-exempt interest received or accrued during the year . . . . . . . . . . . . . . . . . . . . . . 10- 1 13 ~ N/A

ii o1 oa Form 990-PF (2003)

r

Form 990-PF (2003) THE MACLELLAN FOUNDATION , INC . 62-6041468

. .P: VIRl; Statements Regarding Activities for Which Form 4720 May Be Required File Form 4720 if any item is checked in the "Yes" column, unless an exception applies . ` , - Yes NO

1 a During the year did the organization (either directly or indirectly): : ., -- . . .

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? . . . . . . . . . . . . . . . . . . . . . . . . . . . . __ . ._ . 0 Yes 0 No r =- ~-° : . (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) .'

a disqualified parson? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D Yes M No (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? . . . . . . . . . . . ~ Yes D No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? . . . . . . . . . . . . . . . ., . . . . . . . . . . . . . . . . . EK Yes [::] No (5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ., 0 . . .

Yes X No (6) Agree to pay money or property to a government official? (Exception . Check "No'

if the organization agreed to make a grant to or to employ the official for a period after f termination ofgovernment service, if terminating within 90 days .) . . . . . . . . . . . . ._ . ._ _ ._ _ . . ._ ._ _ ._ _ . . . . . . . . _ _ _ . 0 Yes O No . ~ ' . . .

b If any answer is 'Yes'to 1 all )-(6), did any of the acts fail to qualify under the exceptions described m Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance (seepage 19 of the instructions)? _ . . . . . . . . . . . _ . . . . . . . . . ., . , . . . . . . ~1b X

'- Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . ._ . . . . . . . . . . . . . ___ . 1 F~ c Did the organization engage in a prior year in any of the acts described in 1a, other than excepted acts, that were not corrected

before thefirst dayofthetaxyear beginning in 2003? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . _ . . 1c . X 2 Taxes on failure to distribute income (section 4942) (does not apply for years the organization was a private operating foundation - _

defined in section 4942(j)(3) or 4942(j)(5)) : a At the end of tax year 2003, did the organization have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning

before 2403? . . . . . . . . . . . . . . ., _ . . . . . . . ., . _ . _,__ . . . _ . D Yes o No ~ . - If "Yes ; list the years 10,

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

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

3a Did the organization hold more than a 2% direct or indirect interest m any business enterprise at any time during the year? _ . . . . . . . . , ~X Yes -- . . . . . . . . . .-~- -- . . . . . . . . . . . . . . . . . - - - . . . . . . . . . ---~-~ -~- - - . . . . . . . . . . . . . . . . . ~ No

b If 'Yes ; did it have excess business holdings m 2003 as a result of (1) any purchase by the organization or disqualified persons after _ - May 26,1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine iftireorganization hadexcess business holdings in2003.) . . ._ . . . . . . . . . . . . . . . . . . . . . . . . . . ._ . . . . , . . . . . . . . . . . . . 3b

4a Did the organization invest during the year any amount in a manner that would jeopardize its charitable purposes? _ . ._ ._ 4a X b Did the organization make any investment m a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2003? . . . . .� . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4b X

5a During the year did the organization pay or incur any amount to: (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? . . . . . . . . . . . . . . . . . . . . . . . . . . ._ . . . 0 Yes M No -- (2) Influence the outcome of any specific public election (see section 4955) ; or to carry on, directly or indirectly,

any voter registration drive? . . . . . . . . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D Yes EXI No ., (3) Provide a grant to an individual fortravel, study, or other similar purposes? ._ . ._ . . . . . . . . . . . . . . . . . . . . . . . . , , . . . . . . . . ~ Yes D No (4) Provide a grant to an organization otherthan a charitable, etc , organization described in section

509(a)(1), (2) . or (3) . or section 4940(d)(2)? . . . . . . . . - . . . . . . . . . . . . . . . . . . . . . . . . - . -- - . . . . . . . . . . . . . . . . . . . . . . . . . . D Yes FT No (5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for ~ " " - , : : - " _

the prevention of cruelty to children or animals? = Yes OX No b If any answer is 'Yes'to 5a(1 )-(5), did any of the transactions fail to qualify under the exceptions described in Regulations

section 53.4945 or in a current notice regarding disaster assistance (see instructions)? . . . . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . .__ ._, NBA _ 5b4 Organizations relying on a current notice regarding disaster assistance check here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

s If the answer is 'Yes'to question Sa(4), does the organization claim exemption from the tax because it maintained = expenditure responsibility forthe grant? . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., . . . . . . . . . . . . . . . . . . , . . . N/A . . . D Yes D No " - !f "Yes, " attach the statement required by Regulations section 53.4945-5(d). -

6a Did the organization, during the year, receive any lands, directly or indirectly, to pay premiums on . -' . . . ; a personal benefit contract? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o Yes D No

b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? , 8b 'T-

X If you answered "Yes" to 6b, also file Form 8870.

Form 990-PF (2003)

323541 12-05-03

5

w

THE MACLELLAN FOUNDATION, INC . 62-6041468 Information About Officers, Directors, Trustees, Foundation Managers, Highly Page s Paid Employees, and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation : (b) Title, and average (c) Compensation (d~coMnnuoo~sm (e) Expense

hours er week devoted If not account, other (a) Name and address ?( paid , °`~ a°nd de~r~"`~ 0 oositian enter -0-f comommilon allowances

144 .894 .1 7,335 .1 0 .

enter "NONE." (dconmeuuonstn (e) Ex pense

(c) Compensation employee ,~,~"S account other com smon allowances

110 500 . 5 , 636 . 0 .

110 500 . 5 636 . 0 .

55,100 .1 2,805 .1 0 .

2 Compensation of five highest-paid employees (other than those included on line 1). If no (b) Title and average

(a) Name and address of each employee paid more than $50,000 hours per week devoted to position

DARYL J . HEALD 501 UNUMPROVIDENT BLDG CHATTANOOGA T 104$ DAVID G . DENMARK 501 UNUMPROVIDENT BLDG CHATTANOOGA T 100$ SANDRA R . BARBER 501 UNUMPROVIDENT BLDG,CHATTANOOGA,T 100

Total number of other employees paid over $50,000 . . . . . . . . . . . . . . . . . . . . . 3 Five highest-paid independent contractors for professional services. If

(a) Name and address of each person paid more than $50,000 THE MAJESTY GROUP, LLC GROSS POINTE FARMS, MI NORTHINGTON PARTNERS AVON, CT TED WARD DEERFIELD, IL TEAM RESOURCES ATLANTA, GA CAROL LEE HAMIN CLIFTON, VIRGINIA Total number of others receiving over $50.000 for professional services

(b) Type of service (c) Compensation

NVESTMENT COUNSEL 200 000 .

NVESTMENT COUNSEL 150 432 . ONSULTANT FOR HABITABLE ENTITIES 60 , 439 . ONSULTANT FOR HABITABLE ENTITIES 446 314 . ONSULTANT FOR WORK N CHINA 64 r 314 .

- ----- --- ---- -- - ------ " 0

Farm 990-PF (2003)

SEE

ne, enter "NONE."

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

t N/A

2

3

4

Total. Add lines 1 through 3 . . . . -- -- - - ------- - -- --- . . . . . . . . . . . . . -- - - ~- --- - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - .- . 1 1 0 .

FN; . X,4 " Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions .)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes : , . : a Average monthly fair market value ofsecurities _ . . . . . ._ . . . . . . . . . . . . . . . . . . . . .. . . . . ._ ._ __ __ . . . . . . . . . . . . . . ._ , . . . _ . . . .. . . . to 257, 395, 403 . b Average of monthly cash balances . . . . . . . . . . . . . . . . , . . . . 1111 3,916,080 . c Fair mantel value of all other assets . . . . . . . . . . . . . . ._ . . . . . . . . . . . . . . 1 c d Totat (add lines 1a, b . and c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ---- . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 d 261,311,483 . e Reduction claimed for blockage or other factors reported on lines is and

1c (attach detailed explanation) . . . . . . . ._ ._ . . _ . . . . . . . . . . . . . . 1e 12 496, 301 . 2 Acquisition indebtedness applicable to line 1 assets . . . . ._ . . . . . _ . . . . . . . _ _ . . . ., . ., . . . . . .. . . _ . . . . . . . , . . . . . . 2 0 . 3 Subtract line 2 from line id . . . . . ._, 3 261 , 311 , 483 . 4 Cash deemed held for charitable activities . Enter 1 1/2% of line 3 (far greater amount, see instructions) 4 3 , 919 , 6 7 2 . 5 Net value of noncharitable-use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 257 , 3 9 1,811 . 6 Minimum Investment return . Enter Sao of line 5 . . . . . . . . _ g 12 , 869 , 591 .

Dlstributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here 1 0 and do not complete this pan .)

7 Minimum investment return from Part X, line fi . . . . . . . . , . ._ . . . ., . . . . . . . . . . . . . _ . . . . . . . . . . . . . . . . . . _ 1 12,869,591 . 2a Tax on investment income for 2003 from Part VI, line 5 . . . . ._ _ __ ._ . _ . ._ . . ., . . . 2a 191,957 . b Income tax for 2003 . (This does not include the tax from Part VI .) 2b 12,979 . c Add lines 2a and 2b ._ . . . . . . . . . . . . . _ . . . . . . , , . . . . . . . . . . . . . . . . . . . . . . . ___ _ . . . . . . . . . . . ,_ . , . , . _ . 2c~ 204 , 936 .

3 Distn6utable amount before adjustments. Subtract line 2c from line 1 . . . .� , . .� , , __ _,_, 3 12, 664 , 655 . 4a Recoveries of amounts treated as qualifying distributions . . . . __ , . . � . � , . . , . . 4a 0 .- . _ " . b Income distributions from section 4947(a)(2) trusts _ , . . . . . . . . . . "~ . . . . . . . . . . . . . . . . . 46 0 , _ . c Add lines 4a and 4b . . . . . . . . . . . . . . . _ . . _ _ " 4c 0 .

. . . . . . . . _ . . . . . . . . . . . . . 5 12 , 664,655 5 Add lines 3 and 4c . .- -

---- - . . . . . . . . . . . . . . . . -- ..-- - . . . .

g Deduction from distributable amount (see instructions) . . . . . . . . g 0 . 7 Distri6utable amount as adjusted . Subtract line 6 from line 5 . Enter here and on Part XIII, line 1 . . .� 7 12 6 6 4 , 655 .

~ " Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes : a Expenses, contributions, gifts, etc . -total from Part I, column (d), line 26 .,_ . , . . . . . . . . . . . . . . _ . . __, . __ . ., . . . . . . . . . . ., 1 a 12 , 688 , 402 . 6 Program-related investments -Total from Part IX-B .__ _ ._ . . . . . . . . . . . . . . . . . . . . . . . . _ . . . . . . . . . . . _, . . . . . . . . . . . . . . . . . ., ., . . . . . . . 1b

2 Amounts paid to acquire assets used (4r held for use) directly in carrying out charitable, etc ., purposes . . . . . . . . . . . . .. . . . . . . . . _ 2 3 Amounts set aside for specific charitable projects that satisfy the : a Suitability test (poor IRS approval required). . . . . . . . . . ., . . . . . . . . . . . . . . . . . . ., . . . . . . . . . . . . . ,. . . . . . ., 3a b Cash distribution test (attach the required schedule) . . . . . . . . . . . . . ., . . ., . . . . . . . . . . ., . � . . . . . . . . . . . . . . . . . . . . , . . ., . . . . . . . . . . ._ 3b

4 Qualifying distributions . Add lines 1a through 3b . Enter here and on Part V, line 8, and Part X1 11, line 4 . . . . . . . __ . . . . . . . . , 4 12 , 688 , 402 . 5 Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment

income . Enter 1% of Part I, line 27b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ ____ , _ , . ., _ _ , . . . . , . . , . . . . . . . 5 0 . 6 Adjusted qualifying distributions . Subtract line 5 from line 4 . _ . . _ . . . , . . � . , . . . . . . . . ., . . . . . . . . . .__ . . ._ _ .__ . . ., ., . . . . . . . . . _ 6 12,688 , 402 .

Note: The amount on Cne 6 will be used In Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction of tax in those years.

Form 990-PF (2003)

323561 12-asa3 7

Form 990-PF (2003) THE MACLELLAN FOUNDATION, INC . 62-6041468

:p :~ Summary of Program-Related Investments

Describe the two largess program-related investments made by the foundation during the tax year an lines 1 and 2. Amount N/A

2

All other program-related investments . See instructions . 3

r

Form 99o-PF (2003) THE MACLELLAN FOUNDATION, INC . 62-6041468 Page e Undistributed Income (see instructions)

(a) (b) (c) (d) Corpus Years prior to 2002 2002 2003

1 Distributable amount for 2003 from Part A pine 7 . . . . . ., � , ., . � ., 12,664,655 .

2 Undistributed income, d any, as of the end of 2002:

a Enter amount for 2002 only . . . _ . _ . _ . . . . ~ - ~ `~ ~ 12 217 , 350 . 5b Total for prior years :

g Excess distributions carryover, If any, to 2003. a From 1998 6 From 1999 - ~ ` ~ ~ - -c from 2000 . . . . . . . . - " -d From 2001 e From 2002 f Total of lines 3a through e

. . . . ., . 0

4 Qualifying distributions for 2003 from 7 7 . _ Part Xll,line a: " $ 12 688 402

a Applied to 2002, but not more than line 2a . . . ~ ` ~ - - ~ ~ - - 12,217,350 . . - - ` -6 Applied to undistributed income of prior years (Election required -see instructions) ._ - " - - 0 . ~ - - " - - ~ - -

s Treated as distributions out of corpus ~ ~ -Election required see instructions ) 0 .

d Applied to 2003 distributable amount _ . ~ - - - 471, .052 . _ 0 . - - - e Remaining amount distributed out of corpus

.

5 Excess distributions carryover applied to 2003 0 . ~ - ~ - . s ~ . . - . . ` -_. . . . . . . . . Of an amount appears m column (d), the same amount -, -

must be sham In column (a).) . - - " ~ ~ - - - . ." .. . 6 Ever the net total of each column as

indicated below: 8 Corpus. Add lines 3f, 4c, and 4e. SubVact line 5 0

b Prior years' undistributed income . Subtract line 4b from line 2b __ . . . . . . . . . . . . ___ _ ,_ . y ~ ~ :~ " 0 . -

c Enter the amount of prior years' _ _ - - , undistributed income for which a notice of deficiency has been issued, or on which

i . : the section 4942(a) tax has been previously . " O : ., assessed --.~ d Subtract line 6c from line 6b . Taxable amount-see instructions 0 .

e Undistributed income for 2002 . Subtract line 4a from line 2a . Taxable amount-see instr. 0 .

f Undistributed income for 2003 . Subtract lines 4d and 5 from line 1 This amount must be distributed in 2004 603 .� , , , . .� ._ . . . 12, 193, .

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

8 Excess distributions carryoverfrom 1998 not applied on line 5 or line 7 , 0 . . . . . . . . . . . . . . . +s { _

~-9 Excess distributions carryover to 2004 . Subtract lines 7 and 8 from line 6a . . . 0

10 Analysis of line 9 . a Excess from 1999 .__ b Excess from 2000 . . . c Excess from 2001 . . . d Excess from 2002 � . e Excess from 2003 . ~ - - - ' - - . .

Form 990-PF (2003) 323571 12-05-03

8

r

62-6041468 N/A

142( j )(3) or [~ 4942 6)(5)

(d12000 te! Total

i a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2003, enter the date of the ruling . . � . . . . . . . ., ., . . ., . . ., ., . . . . 1 L

6 Check box to indicate whether the organization is a private operating foundation described in section Tax year I Prior 3 (a) 2003 (b12002 (c) 2

2 a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed . . . . . . . . . . . . . . . . . . .. . . . .

b 85°k of line 2a . . . . . . . . . . . . . . . . . . . . . . . . . c Qualifying distnbutions from Part XII,

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

used directly for active conduct of exempt activities . . . . . . . . . . . . . . . ,_ . . . . .

e Qualifying distributions made directly for active conduct of exempt activities . Subtract line 2d from line 2c . . . . . . . . .

3 Complete 3a, b, or c far the alternative test retied upon :

a "Assets" alternative test - enter: (1) Value of all assets . . ._ . . . . . . . . . . .

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

b 'Endowment alternative test - Enter 213 of minimum investment return shown in Part X, line 6 for each year listed . . . . . . . . . . . . . . . . . . . . . . .

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

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

(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) . . . . . , .

(3) Largest amount of support from an exempt organization . . .__ . ,

9

Form990-PF 2003 THE MACLELLAN FOUNDATION INC . Private Oaeratina Foundations (see instructions and Part VII-A,

Supplementary Information (Complete this part only if the organization had $5,000 or more in assets at any time during the year-see page 25 of the instructions.)

1 Information Regarding Foundation Managers : a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any tax year (but oily d they have contributed more than $5,000) (See section 5Q7(d)(2) .)

NONE b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or

other entity) of which the foundation has a 1096 or greater interest.

NONE 2 information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here 0110 if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds . If the organization makes gifts, grants, etc. (see instructions) to individuals or organizations under other conditions, complete items 2a, b, c, and d .

a The name, address, and telephone number of the person to whom applications should be addressed : H . O . MACLELLAN, JR ., UNUMPROVIDENT BLDG,CHATTANOOGA,TN 37402 (423)294-8142

b The form in which applications should be submitted and information and materials they should include INSTRUCTIONS WILL BE PROVIDED UPON CONTACTING THE ABOVE NAMED PERSON .

c Any submission deadlines: NONE

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factor : NONE

a2asaiM1-2aaa Form 990-PF (2003)

r w

s

Form 99o-PF(2003) THE MACLELLAN FOUNDATION INC . 62-6041468 Page 7o Supplementary Information (continued)

8 Grants and Contributions Paid During the Year or Approved for Future Payment

Recipient If recipient is an individual, show any relationship to Foundation Purpose of grant or

Name and address (home or business) any foundation manager status of contribution Amount or substantial contributor recipient

a Paid during the year

CHATTANOOGA CHRISTIAN 501(C)(3) FOUNDATION, CHATTANOOGA, RG . TN ONE OPERATING FUNDS1,000,000 .

CHARITABLE CONTRIBUTIONS 5 01(C)(3) THROUGH PARTNERSHIPS ONE RG . VARIOUS 728 .

SCHEDULE ATTACHED - STOCK O1(C)(3) CONTRIBUTIONS ONE RG . ~VARIOUS ,971,448 .

OSPITAL OPERATING FUNDS 736 .

01(C)(3) RG . OPERATING FUNDS 1,000 .

01(C)(3) RG . PERATING FUNDS 750 .

01(C)(3) RG .

OPERATING FUNDS 6,458 .

Total 3a

O1(C)(3) RG .

b Approved fog future payment SCHEDULE ATTACHED OF GRANTS APPROVED BUT UNPAI AT END OF YEAR 20P6~794 .

Total 323601n2-05-03

10

1110- 3a 1 20+062794 . Form 990-0 (2003)

SISKIN HOSPITAL FOR PHYSICAL REHABILITATION, CHATTANOOGA, TN

THORNSTON EDUCATIONAL FUND, GLENDORA, CA

HOPE BIBLE MISSION, MORRISTOWN, NJ

CHATTANOOGA RESOURCE FOUNDATION, CHATTANOOGA, TN

R

1 Program service revenue: cone owe I

a b c d e f g Fees and contracts from government agencies . . . . . .

2 Membership dues and assessments 3 Interest on savings and temporary cash

investments . . . . . . . . -- - . . . . . . . . . . . . . . . . . . . . . . 14 57,214 .

4 Dividends and interest from securities . . . . . . . _ . . . . . . . . . 14 5 , 059 -',061 .

5 Net rental income or (loss) from real estate : a Debt-financed property . . ., . . . h Not debt-financed property . . . . . . . . . . . . . . . . . .

B Net rental income or (loss) from personal property. . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 other investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 525990 76 , 410 . 14 -507,824 . 8 Gain or (loss) from sales of assets other man inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 525990 35,813 . 18 7 , 181,769 .

9 Net income or (loss) from special events . . . . . . . . . . . . . . 10 Gross profit or (loss) from sales of inventory . . . . . . . . . . . . . 11 Other revenue :

a b c d e

12 Subtotal . Add columns (b), (d), and (e) . . . . . . . . . . . . . . . ' ~ ~ '' 112 , 223e ~ ` 11 7 9 0 2 20 . 1 0 . 13 Total . Add line 12, columns (b), (d), and (e) . . . . . . . . . s . . . . . . . . . . . . . . . . . 13 11,902,443 .

-(See worksheet in line 13 instructions to verify calculations.)

`p ~»~ Relationship of Activities to the Accomplishment of Exempt Purposes

11

Form 990-PF (2003) THE MACLELLAN FOUNDATION, INC . 62-6041468

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated . Unrelated business income Excluded b ~on512 513 ar sia c ~--"-~ -------"

Form 990-PF (2003) THE MACLELLAN FOUNDATION, INC . 62-6041468 Pty Information Regarding Transfers To and Transactions and Relationships With Noncharitable

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

a Transfers from the reporting organization to a noncharitable exempt organization of: (1) Cash la l(2) Other assets . . . . . . 1 a 2

b Other transactions : (1) Sales of assets to a nonchaMable exempt organization . . . . . . . 1 b(l ) (2) Purchases of assets from a noncharitable exempt organization 1 b( 2 ) (3) Rental of facilities, equipment, or other assets ._ . . . 1b 3 (4) Reimbursement arrangements 76 4 (5) Loans or loan guarantees 1b 5 (6) Performance of services or membership or fundraising solicitations . . . . . 1 W ill

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees . . . . . . . . . . . . . . 1 c d If the answer to any of the above is 'Yes," complete the following schedule . Column (b) should always show the fair market value of the goods, other assets,

or services given by the reporting organization If the organization received less than fair market value in any transaction or sharing arrangement, show in

X X X X X X X

2a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) of the Code (other than section 501(c)(3)) or m section 527? E] Yes EK No

L IF 'V~~ ~ ..w . � ~I ..L~ il,n i~ll ..... :w .. -. .A . .1 ..

Signature of o icer or trustee 41 41

m N

Preparer's, v c signature `° u 0 Firm's nuns (a ~C HAM a ~ if self-emplowd), 1000

address, and ZIP code C H AT

LISS, BANNER & ST TALLAN BUILDING ANOOGA . TN 37402-

323621 12-05-03

t r

X X

(a) Name of organization (b) Type of organization (c) Description of relationship N/A

Under penalties of decl that I have examined this slum, including accompanying schedules and statements, and to the best of my knowledge and belief, It is true, correct, and complete DsL`(aratlon f l or ttiaD~taxOeyer or fiduplary) Is baeaA~on all information of which orooarar has any knowledge

// // // `

r

" CONTINUATION FOR 990-PF, PART IV THE MACLELLAN FOUNDATION INC . 62-6041468 PAGE 1 OF 5

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold, e.g ., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co .

7a THRU BEAR, STEARNS SEC .--5CH ATTACHED bTHRU BEAR, STEARNS SEC .--SCH ATTACHED

c THRU MERRILL LYNCH--SCH ATTACHED d THRU CSFB, LLC--SCH ATTACHED e THRU CSFB, LLC--SCH ATTACHED f ABRAMS CAPITAL PARTNERS II, L .P .--SCH K-1 yABRAMS CAPITAL PARTNERS II, L .P .--SCH K-1 h AQUITANIA PARTNERS, L .P .--SCH K-1 i AQUITANIA PARTNERS, L .P .--SCH K-1 j AQUITANIA PARTNERS, L .P .--SEC .1231 kBIOTECHNOLOGY VALUE FUND, L .P .--SCH K-1 IBIOTECHNOLOGY VALUE FUND, L .P .--SCH K-1 m CASTLE CREEK CAPITAL PARTNERS--SCH K-1 nCASTLE CREEK CAPITAL PARTNERS--SCH K-1 oCASTLE CREEK CAPITAL PARTNERS--SEC 1256 LOSS

(e) Gross sales price (1) Deprecation allowed (g) Cost or other basis (or allowable) plus expense of sale

206 799 . 209 258 . 787 230 . 701 787 . 229 098 . 207,977 .

4 1 913 , 423 . 4 , 565,113 . 155 872 . 136 092 . 492 196 . 113 040 . 926 495 .

-260 , 380 . -330 .

703,233 . i 87 , 328 .

13 , 700 . -2,938 .

o -693 . Complete only for assets showing gain in column (h) and owned by the foundation on 12/31169

i F .M.V . as of 12131169 (1) Adjusted basis (k) Excess of cal. (i)

1 as of 12131/69 over col. (j), if any

to NOW acquIrea (c) Date acquired (d) Date sold P - Purchase Imo ., day, yr) (mo,day, yr D - Donation P VARIOUS VARIOUS P VARIOUS VARIOUS P VARIOUS VARIOUS

v P VARIOUS ARIOUS v P VARIOUS ARIOUS

P VARIOUS ARIOUS P VARIOUS ARIOUS P VARIOUS ARIOUS P VARIOUS ARIOUS P VARIOUS ARIOUS P VARIOUS IOUs P MIOUS IOUs P ARIOUS VARIOUS P ARIOUS VARIOUS P 1ARibus VARIOUS

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

-2,459 . 85,443 . 21,121 . 348,310 . 19,780 .

492 196 . 113 , 040 . 926,495 .

-260,380 . -330 .

703,233 . 87 , 328 . 13 , 700 . -2 , 938 .

-693 . (I) Losses (from c01 . (h))

Gains (excess of col . (h) gain over col. (k), but not less than W)

_2 , 459 . 85,443 . 21 , 121 .

348,310 . 19,780 .

492,196 . 113,040 . 926 495 . -260,380 .

-330 . 703 233 . 87,328 . 13 700 . -2,938 . -693 .

a b c d e f

9 h i i k i

13

2 Capital gain net income or net capital loss . .-- . . f ~f gain,Iso enter in Part I, line 7 1 . C 1 , If (loss), enter"-O-" in Part I, line 7

. . . _ ._ . 1

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6)' If gain, also enter in Part I, line 8, column (c) . If (loss). enter'-0= in Part I, line 8 . . . . . . . . . . . . 3

323591 0.x01-03

r + " ~ CONTINUATION FOR 990-PF, PART IV

THE MACLELLAN FOUNDATION INC . 62-6041468 PAGE 2 OF 5 -1V " Capital Gains and Lasses for Tax on Investment Income

(a) List and describe the kind(s) of property sold, e .g , real estate, (6 How acquired (c Date acquired (d) Date sold 2-story brick warehouse ; or common stack, 200 shs. MLC Co . ~ - Purchase D - Donation ?1M o ., day, yr.) (mo ., day, yr.)

1a FERN HILL INVESTMENTS L .P .--SCH K-1 P VARIOUS VARIOUS b FERN HILL INVESTMENTS, L .P .--SCH K-1 P VARIOUS VARIOUS c MAJESTY I L .P .--SCH K-1 P VARIOUS VARIOUS d MAJESTY I, L .P .--SCH K-1 P VARIOUS VARIOUS e MAJESTY I L .P .--SEC 1256 P VARIOUS VARIOUS f MAJESTY I L .P .--SEC 1231 P VARIOUS VARIOUS PENINSULA CATALYST FUND--SCH K-1 P VARIOUS VARIOUS

h PENINSULA TECHNOLOGY FUND-SCH K-1 P VARIOUS VARIOUS i PENINSULA TECHNOLOGY FUND--SCH K-1 P VARIOUS VARIOUS RBJ PARTNERS II L .P .--SCH K-1 P VARIOUS VARIOUS

k RBJ PARTNERS II L .P .--SCH K-1 P VARIOUS VARIOUS RESOURCE LAND FUND I, LLC--SEC 1231 P VARIOUS VARIOUS

m ROYAL CAPITAL VALUE FUND--SCH K-1 P VARIOUS VARIOU n ROYAL CAPITAL VALUE FUND--SCH K-1 P VARIOUS VARIOUS oSAMARITAN ENHANCED EQUITY FUND--SCH K-1 P f~A-RIOUS VARIOUS

(e) Gross sales price (fl Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g)

a -31 , 034 . -31,034 . b 419 421 . 419 421 . c 290 r 965 . 290 965 . d 166,266 . 166,266 . e -11 , 775 . -11 , 775 . t -21 . -21 .

53,233 . 53,233 . n 1 , 252 , 193 . 1 1 252 , 193 . i 272 076 . 272 076 .

19 , 829 . 19 , 829 . k 4 , 439 . 4 , 439 . 1 126,293 . 126 293 . m -26,388 . -26 , 388 . n 114 f 744 . 114 744 . a 177 . 177 .

Complete only for assets showing gam in column (h) and owned by the foundation on 12137/69 (I) Losses (from col . (h))

(i) F .M .V. as of 12131/69 (I) Adjusted basis (k) Excess of cal . (i) Gains (excess of col . (h) gain over col . (k), as of 12131/69 over col . (j), if any but not less than"-O-*)

a -31 , 034 . a 419 421 . c 290 965 . d 166 266 . e -11 , 775 . t -21 .

53,233 . 1,252,193 . 272,076 . 19,829 . 4,439 .

126,293 . -26,388 . 114,744 .

177 .

h

14

2 Capital gain net income or net capital loss) . . . . . f ~f am, also enter m Part I, line 7

C 1 l if loss), enter'-0=' in Part I, line 7

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part f, line 8, column (c) . If (loss), enter "-0= in Part I, line 8

323591 05-01-03

CONTINUATION FOR 99Q-PF, PART IV 62-6041468 PAGE 3 OF 5 THE MACLELLAN FOUNDATION INC .

JV" Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold, e.g ., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co .

taSAMARITAN ENHANCED EQUITY FUND--SCH K-1 b SAMARITAN GLOBAL FUND--SCH K-1 c SAMARITAN MULTI-STRATEGIES FUND--SCH K-d SSM VENTURE PARTNERS II, L .P .--SCH K-1 e SSM VENTURE PARTNERS II, L .P .--SCH K-1 f VALUE HOLDINGS, L .P .--SCH K-1 VALUE HOLDINGS, L .P .--SCH K-1

hWINDROCK PRIVATE EQUITY--5CH K-1 i WINDROCK PRIVATE EQUITY--5CH K-1 1 APACHE CORP--FRACTION kBERKLEY, W.R . CORP--FRACTION iWERNER ENTERPRISES, INC .--FRACTION m BARR LABS INC--FRACTION nMYLAN LABORATORIES--FRACTION oMYLAN LABORATORIES-FRACTION

(h1 How acquired (c) Date acquired (d) Date sold P D

- Purchase Imo., day, yr .) (mo., day, yr .) - Donation P VARIOUS VARIOUS P VARIOUS VARIOUS P VARIOUS VARIOUS P VARIOUS VARIOUS P VARIOUS VARIOUS P VARIOUS VARIOUS P VARIOUS VARIOUS P VARIOUS VARIOUS P VARIOUS VARIOUS P 11/20/0204/02/03 P 11/20/0209/03/03 P 12/04/0210/06/03 P 11/21/0203/21/03

~ P T11/21/02j01/31/03 P X11/21/0210/15/03

(h) Gain or (loss) (e) plus (f) minus (g) (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis

(or allowable) plus expense of sale

211 . 134,190 . 499,079 .

-277 . -113,535 . 91,550 . 194,215 .

7,165 . 23,022 .

12 . 17 .

a 134,190 . c 499,079 . d -277 . a -113,535 . f 91,550 .

194,215 . n 7,165 . i 23,022 .

12 . k 17 " i 5 .

27 . n 13 . 0 14 .

Complete only for assets show!

(i) F .M .V . as of 12131/69

a -

5 . 27 . 13. 14 .

in column (h) and owned ay the foundation on 12/31169 (I) Losses (from col . (h)) (j) Adjusted basis (k) Excess of cal . (i) I Gams (excess of col . (h) gain over col. (k), as of 12131169 over col. (j), it any but not less than '-0-')

134,190 499,079 .

-277 . 113,535 . 91,550 . 194,215 .

7,165 . 23,022 .

12 . 17 . 5 . 7 . m

13 . 14 .

15

Z Capital g ain net income or net capital loss ., I If ain, also enter in Part I, line 7 4 ( ) 1 If ?loss), enter "-0= in Part I, line 7 ) " ' "" """

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) : If gain, also enter fn Part I, line 8, column (c) . If (loss, enter *-V in Part f, fine $ . . . . . . - . . . . . . . . . . - . . . . . - )

323591 05-01-03

CONTINUATION FOR 990-PF, PART IV 62-6041468 PAGE 4 OF 5 THE MACLELLAN FOUNDATION INC .

ppd tVCapital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold, e.g ., real estate, 2-story brick warehouse ; or common stack, 200 shs. MLC Co.

to WERNER ENTERPRISES, INC .--FRACTION b SENSIENT TECHNOLOGIES--FRACTION cCITADEL EDISON FUNDS d GOLDEN TREE HIGH YIELD e HYGROVE OFFSHORE f LMC COMPASS FUND, LP O PERENNIAL INVESTORS OFFSHORE hSAMARITAN ENHANCED EQUITY FUND iCHILTON NEW ERA INTERNATIONAL SHAKER INVESTORS OFFSHORE

k NEXTEL, INC . SAFE HARBOR FUND I, L .P .

m SAFE HARBOR FUND I, L .P .--SCHEDULE K-1 n SAFE HARBOR FUND I, L .P .--SCHEDULE K-1 o STATE BANCORP--FRACTIONAL SHARE

acquires (c) Date acquired (d) Date sold rchase (mo ., day, yr.) (mo ., day, yr.) oration P 12/04/0210/06/43 P 12/04/0209/03/03 P 01/31/0212/31/03 P 01/31/0210/01/03 P 12/31/0109/30/03 P 12/31/0001/01/03 P 06/27/0212/31/03 P 01/29/0202/01/03 P VARIOUS VARIOUS P VARIOUS VARIOUS P VARIOUS VARIOUS P VARIOUS 10/06/03 P ARIOUS ARIOUS P ARIOUS ARIOUs P ARIOUS 07/21/03

(h) Gain or (loss) (e) plus (f) minus (g) (e) Gross sales price (1) Depreciation allowed (g) Cost or other basis

(or allowable) plus expense of sale 15 . 15 .

5 . 5,074,449 . 3,870,081 . 2,367,944 .

104,407 . 3,736,643 . 1,814,753 . 244,391 . 162,182 . 39,835 .

2,907,895 . 33,619 .

5 . 74,449 . 870,081 .

-110,603 . -114 .

5,000,000 . 3,000,000 . 2,478,547 .

104,521 . 4,000,000 . 1,814,753 .

f

h

1 k i m n 0

a b c d s f

h

1 k

m n

-263t357 . 0 .

244,391 . 162,182 . 39,835 .

102,435 . 33,410 . -1,885 .

5 .

2,805,460 . 209 .

1,885 .

(I) Losses (from cal . (h)) Gains (excess of cal . (h) gain over cal . (k),

but not less than '-0-")

15 . 5 .

74,449 . -- 870,081 .

-110 , 603 . -114 .

-263 , 357 . 0 .

244 391 . 162,182 . 39 , 835 .

102 435 . 33,410 . -1 , 885 .

5 .

in column (h) and owned by the foundation on 12/31/69

(j) Adjusted basis (k) Excess of cal (i) as of 12/31169 over cal . (j), if any

16

5 . omplete only for assets shown

(i) F.M .V . as of 12/31/69

If sin, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) ~ If (loss), enter"-O-' in Part I, line 7 ~

3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c) If (loss), enter'-0= m Part I, line 8 3

323591 05-01-03

CONTINUATION FOR 990-PF, PART IV THE MACLELLAN FOUNDATION INC . 62-6041468 PAGE 5 OF 5

~~ Capital Gains and Losses tar Tax on Investment Income (a) List and describe the kind(s) of property sold, e .g ., real estate, (b' How acquired (c Date acquired (d) Date sold 2-story brick warehouse ; or common stock, 200 shs. MLC Co . P - Purchase ~mo ., day, yr.) (mo ., day, yr.} D - Donation

1a CAPITAL GAINS DIVIDENDS b c d e f

h I I

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

(f) Deprecation allowed I (g) Cost or other basis (or allowable) plus expense of sale

m n 0

Complete only for assets

(i) F.M.V . as of 12/31/69

a

in column (h) and owned by the foundation on 12/31/69

(j) Adjusted basis (k) Excess of col. (i) as of 12/31/69 over col . (j), if any

3 I N/A

17

(e) Gross sales price

a 948 . b c

2 Capital gain net income or net capital loss . . .1 ~f gain, also enter in Part I, line 7 l ( 1 ~ l If (loss), enter "-0= m Part I, line 7

3 Net short-term capital gam or (loss) as defined in sections 1222(5) and (6) : If gain, also enter in Part I, line 8, column (c) . If (loss), enter'-Vin Part I, line 8 __

323591 0&01-03

948 .

(1) posses (from coy. (h)) Gams (excess of col . (h) gain over cal. (k),

but not less than '-0-')

948 .

7 .181,769 .

2003 DEPRECIATION AND AMORTIZATION REPORT FORM 990-PF PAGE 1 990-PF

w newt Date un, Unadjusted Bus % Reduction In Basis For Accumulated Current Amount Of No Description Acquired Method Life No. Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

2(D)VCR RECORDER 060186 SL .00 16 920 . 920 . 920 . 0 .

A (AY.-IBM r ., . . . ., .. . .

. . . ~ . . r~ . . . , .

14 RANSCRIBER - OLYMPUS 122091 OOD .00 17 339 . 339 . 339 . 0 .

. . . . . , . . . . ~ . . . ., . . . . ;r (12) 5 DRAWER LATERAL

21 FILES 120793 OOD 7 .00 17 7,236 . 7,236 . 7,236 . 0 . 4' . 0"WSR . .

t . . , . . . . . ~ ~. . . . ,122

UNCH & BINDING J

. 24 CHINE 063093 OOD .00 17 999 . 999 . 999 . 0 . xy y~~y~ ~y~ .v ~. ;yy. . . ~ . - ~ ,l . ., . . . ~.7.3.r .S:~F 'X~,il ..~;.~?ki."F ~~ d.v3 .94 , .2 0.0.00 .7 ~1"'klxJ'~" IT., ` . 4o,082 ,~#?~~~A ̀ . , .. ~ " "'' A ` , ~ LYMPUS HANDHELD

33 ALCULATOR, 7 061595 OOD .00 17 J 279 . 279 . 279 . . . . , 0,,

o2 i*i$ Wrm 00 17' 900 . DELL COMPUTERS WITH

37 ATTACHMENTS 022497 OOD 5 .00 17 4,120 . 4,120 . 4,120 . 0 .

COMPUTHR ".,SOFTWARE. 11,735,

43 ASERJET PRINTERS (4) 013098 OOD .00 17 ,1,.4,49 . r 1,449 . 1,366 . 83 . . .. .

."S 'x ,9L1Sj .,'Ar,4,ti,'lrV-.iSR ̀: .r. r . . " ~,+ 1 ~i~iJ.1T w4FW .~ " . .' . . 1.0 , .~. . . . ~k . ` ~~ " r+ , J . . . . ~ .r . . .1 f.1437..+!" . . * X- tii~ ~A .t. . . ~

VARIOUS EQUIPMENT AND 4,51NSTALLATION .s ., ., .'120898,0OD .00 17 1,750 . 1,750 . ,1 ,650 . 100 . .~~~,, ,~ ry. :. ~ ~ . .

~, 4 A ~ f~~~'.:~., ~~ ~7J~'~ ~ ~#f~SM ~~~0 - ~.~? � 2o,5154* ?r~..: ~};: i.~,"k'~ ~:T I~

. . ~ ~ ~ . . ~ . . . . . ~ ~ l

47 SOFTWARE r 120898 SL .00 16 630 . 630 . 515 . 115 . . . .

3"3 3280102 05- 1-03 (D) - Asset disposed " ITC, Section 179, Salvage, HR 3090, Commercial Revitalization Deduction

18


No't Description Date

Method Life N o° Unadjusted Bus °k Reduction In Basis For Accumulated Current Amount Of Acquired Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

56 TRAN XRT (2) 010899 OOD 7 .00 17 618 . 618 . 424 . 55 . . . .� . . ,

M i ARAPOR.7.vr : s " s s'r "

EXMARK OPTRA S 162.5 58 PRINTER 011399 OOD .00 17 2,014 . 2,014 . 1,666 . 232 .

` r . . ,s . ' r kn .r . r

~'y. ~y~' r r n

011,39 Y4~~ .~(~1

rs s ` ~I ,+if1li!

~~y~,

,bXf T/ ~i .~i`V.r u ,~ ~~~ . . ~ax~aa~zwa.as . . . . . . . ..r.. . . . ." . . " . . ' ::. ; . . . .rs "" i ~~~ " .i " '~,ti+lY

DELL ~P6450 GX1/M+ 60 ASE COMPUTERS 011399 OOD .00 17 5,294 . 5,294 . 4,379 . 610 .

~~ ~ 1'7,e

~, ~,~J'~, i~ .~ . . ~ H 3002 D2 , .'F Vf0 ~ ,'YLSiGi~i~'"1i 7Cy

ULL CABLE - 62 ETWORKING 011499 OOD .00 17 288 . 288 . 238 . 33 .

66(D)MS 97 PRO 020499 OOD .00 17 1,071 . 1,071 . 886 . 62 . , . . .~.y~ ~. .~,~y,~ ,'~y, ~.~~. ~.e~ . . . ., . ; ,. . . . . r~ , . ~ . .

"

. . .r r~~ . . . . W:1.1~Ti,.si;J;1'i".,"" .Cli,'.ii3 ./rTi.'>

~y

iJ'J.F .- 0 0 47 . ~ ~'~? S7 :r

,'

68 CABLING SERVICE 020999 OOD 5 .00 17 173 . 173 . 143 . 20 . r , . - ~ , ., ~ . . . . . . - . . . . . . . . ~ . . r . . . . . . . .~ . . ;: 1 .7

. v. . . . s } ~ iF s~ .. . .

s

DOBE GRAPHIC STUDIO 72 INDOW CDR .030899 OOD .00 17 970 . 970 . 802 . 112 .

0 ., tt A, . . . . . 128 MB, ECC, SDRAM 1

75 IMM 030899 OOD .00 17 536 . 536 . 444 . 62 . .. '7 6 . ta ."FAT* .,LMIM, f ~ ~9 004P ~f0#3 ~.,~7~ ~.7 ? * ' . . , ~ ; . . . . . . . , . . . . . .+ tr+ .

� h , , r, ~ , . . , , . . . . . , ~1~~~ INSTALLATION OF

77 EQUIPMENT 30899200D .00 17 1,333 . 1,333 . 1,104 . 154 .

328102 05-01-03 (D) - Asset disposed w ITC, Section 179, Salvage, HR 3090, Commercial Revitalization Deduction

19


As at Date Method We Na °

Unadjusted Bus % Reduction In Basis For Accumulated Current Amount Of Description Acquired Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

(D)9NORTON ANTIVIRUS 79 AND INSTALLATION 051099 OOD .00 17 1,283 . 1,283 . 1,062 . 74 .

v 41330'0 24'-T Q4 9-9 Z004 PO 1-7 2'011 . IMM MEMORY FOR

82 LAPTOPS 060899 OOD .00 17 183 . 183 . 152 . 21 . tV 64' 1W JFPR'' v S fJ r ,,}~, ,,7~ t .

~y~. ~} ~{ y{Y .7 ~1y ~ j~ }[~( lI ~ ~~~yy~y,,, y~, ~~~~,~'~

IT 14 1" 1- sill , J W ~ r s . ""Ai.Q 1Ri1~.,A.~ +i` ,iY ulfl.~! `*'TI^ " A~lelr ,1Flrf ~ ~i.YIv A.

" f f~, .. r , ^F v

DIMM~ 64 fMB~~ 8X72 3 8466MHZ ECC 3 .3V 62599 OOD .00 17 258 . 258 . 215 . 30 .

.05 V, 1099 MICROSOFT ENCARTE

86 SUITE 071999 OOD .00 17 108 . 108 . 90 . 12 . ~er~~y ~ ~y ~ ,~ ,�. ~ ~ y .~y ~ +~ ~y 'f"~" ~r r

{F J ~r~ W9510 ~ ' ~

~~Ri.,b.

y~tyy~~t ~ r .145,. : 4f ~ ~7 '" Ai

~~~,' 3. 7' :i."

88 SOFTWARE FOR SERVER 91699 OOD .00 17 3,175 . 3,175 . 2,627 . 366 . . . . . . .. . . . .,, r .

91(D)POLYCOM 92799 OOD .00 17 310 . 310 . 257 . 18 .

,' .'Y2 r,LJRAWMi7F` .f:! +F. tA++~pt~1; .b s7 :{. ~i "" 4fiJ~..1.J "~,lY~J .Js " ,.L ., 1.~,,~~~i

93 MS OFFICE 2000 PRO CD 101199 OOD .00 17 512 . 512 . 423 . 59 . ZLZ

- .}} I/~~ ' 148" .;} 92. *60 , f.s ~ R " 1F 1! "" ,~ M AGI 1h lr~ 1~~y ~T, .. . r . . . ~ .: .n ~ .

(D)MS MSOL BACKOFFICE 95V4 .5 SBS UP 101799 OOD 5 .00 17 778 . 778 . 644 . 45 .

. 6v*"9, 1.0't:5 09.2 DOW 5~ 60% 17- ~ 60s . , IGI~ACCELEPORT TAS~

97 PT (FOR LAPTOPS 1019 9 OOD .00 17 872 . , 872 . 720 . 100 .

4+~.'{fi".k

328102 os-ot-a3 (D) -Asset disposed w ITC, Section 179, Salvage, HR 3090, Commercial Revitalization Deduction

20


w Asset Date use Unadjusted Bus % Reduction In Basis For Accumulated Current Amount Of

Description Acquired Method Life No. Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

P JETDIRECT 500X 100 PRINTER SERVER 120399 OOD 5 .00 17 331 . 331 . 274 . 38 .

. .. . . , UP a.ETJD1RECT*,5:0-0X 20 § A +K1li.f 7V )7 Ii'J' ` . . . ,YAlA ~ . r . . .

s , ` ., . .

{+

. . . . . . r . .MAF~F ,SRI R ."T'y , if ., sv r+`~fs .97 w F.

(D)MICROSOFT WINDOWS 102 NT (9) 120699 OOD .00 17 1,962 . . , 1,962 . 1,623 . 113 .

~ . . . . . . :. :. .v . . . . .,~. . , . , ., + , ,27GOSL M.W 16 -2 12' . . - . . . . . . . . ., . . . . . +r

1041BM THINKPAD 570 020300 OOD .00 17 3,189 . 3,189 . 2,270 . 367 . PAD

;2 0 3 .0 . . . . . .,c

106 OLAR SYSTEMS 020300 OOD .00 17 1,953 . 1,953 . 1,391 . 225 .

ATERAL FILES WOOD 108 RONT (7) 42100 OOD 7 .00 17 5,184 . r 5,184 . 2,918 . 647 .

'~yx~ ~y)~y~ .~~~ ~.{~~ ~~(]y ~~/)~~y}~~},wwwlyyyy[y~~~ r r ~ v(/ ~ l ~ " q,f(~ ~,~y'=Q~,~~

~if ~7 W~4AiiR ~~ " ',S '�{~ 7 ~t ~1lSfi~f L ,~ V M` l ii~+~ 7 ?rF'* ~ Ar "ij~ 71 r , n r r s riV ~ 7~si'T * r ~i1~ ~ 9.41.

ATERAL'FILES STAND 110 PULL 3 HIGH 042100 OOD 7 .00 17 807 . 807 . 454 . 101 . . . . . . � . . . . . . . < , . . i .

~ ~. .. s `

+ r r . : ... . .. . .

. ., . 4:X36 ...

r,r «..+ v ~ , ~

s ~ ,

"+i ,~ if + i'f ' r SlMT "I * 11

. . . , . ~

T~001' r " ' , *%f -k.~iF VJ,~ , v

35 ,1112 SF%!

f r

112 AMP 42400 OOD 7 .00 17 117 . 117 . 66 . 15 . . . . .

0 4 10 20ODB 7 . 0 0:' : 17 3,* 857 ..

114CREDENZA 74" SHELL 050400 OOD 7 .00 17 833 . 833 . 469 . 104 .

642 .

116 PEN KNEEWELL 34" 050400 04D 7 .00 17 255 . 255 . 143 . 32 . s EST PANEL 3 4 .A . ` "

~ 73

y,~t ~y . . . .. ',. .:. 't.T. ~ {iiRJ.F ,t A ~t+r ~~ . . . . . . .,x? S7~ ri ~Y ~ .1,~ d. .Y.i:~.R ' . . . . . . . . .

. . .. . .

328102 05-01-03 (D) - Asset disposed " ITC, Section 179, Salvage, HR 3090, Commercial Revitalization Deduction

21


As st Date N Method Life o°

Unadjusted Bus 9~o Reduction In Basis For Accumulated Current Amount Of Description Acquired Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

PEDESTAL FILE/FILE, 118 RIGHT 50400 OOD 7 .00 17 627 . 627 . 354 . 78 .

1/2 TABLE DESK,

'

x

12,0 HAMPAGNE 050400 OOD 7 .00 17 2,224 . 2,224 . 1,252 . 278 . . . . . , ~ l

'" " . . . . . ECi3'.l:.t lF F' 1r+sfAIg, '~ ~.r~. . +~'~y ~ ~' . . . . . ,, . ~.r+ r ~~y . . . �

" ~ .{.IYa .L .1 .71I'~'~~CSL .~k .,, :r . . ;t, .ri.. .~r% .< " " 1i~JJ.7 '*00 . . . : . . . "t l""xyr~r~ '~ ;r~ '~!~

'w A+ ,e . . ... . .r. . . . . . . . . . . . . . . 1 7,, -' . i.~^iGw'f Y .1 '. .:'" , . "~' "*~'M::~

IDE TABLE...

24X24 122 HAMPAGNE , . 050400 OOD 7 .00 17 395 . 395 . 222 . 49 .

124 UEST CHAIR, MELON 050500 OOD 7 .00 17 892 . 892 . 501 . 111 .

17 45 WTIM 05Q5G-Q200D27,iQ0 65 1,'. -.,'93-3 CHUMACHER FABRIC, 2,

126 ELON 050500 OOD 7 .00 17 282 . 282 . 158 . 35 .

,12 7 0~ . . . . . . . . . , . . .

128 EXECUTIVE CHAIR 050500 OOD 7 .00 17 1,575 . 1,575 . 886 . 197 . ..

130 WEST CHAIR, ONION 050500 OOD 7 .00 17 1,124 . 1,124 . 633 . 140 .

.r . . . . . ,~ . . . . . . x~~ . . . ,A 4 D'.

132 SOFA 78", GOLDEN 050500 OOD 7 .00 17 1,900 . 1,900 . 1,069 . 237 .

0 .0 .7 '.'° .1.~ + . . ., .~.;~ "~l3 . . . " ~JCsw7134

134 UEST CHAIR, CHENELL 050500 D B 7 .00 17 1,675 . 1,675 . 942 . 209 . OLD . n R~~A~7..'..RVG , ' ` . . . . . . : . . . ~ . . . .

I . . . ........ s 5 ot .7 . . . .. . .. . . . . . . . . . . . . . . . . -0 . 60 Ob 1A 328102 05-01-03 (D) - Asset disposed " ITC, Section 179, Salvage, HR 3090, Commercial Revitalization Deduction

22


Asset Date Method Life Noe

Unadjusted Bus % Reduction In Basis For Accumulated Current Amount Of Description Acquired Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

DESK 36X72, CENTER 136 RAWER & RETURN 051000 OOD 7 .00 17 4,429 . 4,429 . 2,493 . 553 .

~~LjLVJStr~. " L~14T~'T"Y'ilr~u.`~~~a+ . .

. . . ..~

,~ "~i 4f7 .I~LFS77iii`~ iS :r RETURN' - irC l+IF 0 FFNL!', .l . .*VS?f i1' +~+ " r~ . ;i :r. 'S 2 .9 ~ . � '� ' : :~.� J r~~~..~ ESK 36X72 ~ CENTER

.2 44, :

138 RAWER & RETURN 51000 OOD 7 .00 17 4,414 . 4,414 . 2,484 . 551 .

) . . . .2 ACK ~ BOARDS

51000200DAT. 00 17 ~: "

.PER7 . . . . . . . t . . r . . . . . . r , . . , ,

140 UTCH (6) , ., 051000 OOD 7 .00 17 792 . 792 . 446 . 99 .

147. 4~00-7,.00' 1.7--'-7,' ~ 2 0: 6 8-1 1114 . ."

142 ONFERENCE CHAIRS (12)051000 OOD 7 .00 17 13,088 . 13,088 . 7,364 . 1,635 .

. .., . : . . r FABRIC TAMIRANS, 051 1`416- FEDERAL CHAIR, LUNA

.; . . Z~

144 TEXTILE FABRIC 051000 OOD 7 .00 17 1,230 . 1,230 . 692 . 154 .

0' 17 1-226,4' VISUAL BOARD CABINET,

146 AMBER 051000 OOD 7 .00 17 1,110 . 1,110 . 625 . 139 .

.14 7 POX10 44AIN BOXRP. 'BROWN q5 10 0 2 . 0.0 Dn -.7 -0'Q 17' ~56* 0111 . .1 356 ; C ONFERENCE TABLE

148120X42X36 051000 OOD 7 .00 17 5,341 . 5,341 . 3,005 . 667 . ~~(~ . ~. ~. }~ y.+~., ~

.1.'x ,GO

. . . ¢. r~ r ~} e~.~ .iy ., : ti . ~ ,~ CONFERENCE

,q . . ~yy~~

~n .~ iI . ~. ~ .tY~t3.f..1X.f f /~ ";'t ` i.'~ .i~ Si 'kt . ~4i iJ ~ .t i A . . . . .L' J' . ~, .,~~ ~ . . . . . . ~~ii~.~l .ii'~1

150 OHM ..TELEPHONES 060900 OOD 7 .00 17 2,357 . 2,357 . 1,326 . 294 .

. . , . .. . .. . . .. . +s'It

152 COFFEE TABLE 063000 OOD 7 .00 17 2,154 . 2,154 . 1,213 . 269 . .. . . . . . .'. .,.

328102 os-oi-oa (D) - Asset disposed " ITC, Section 179, Salvage, HR 3090, Commercial Revitalization Deduction

23


w Asset

Descri ption Date Method Life No

Unadjusted Bus °~ Reduction In Basis For Accumulated Current Amount m Acquired Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

154 AMPS (2J , 063000 OOD 7 .00 17 587 . 587 . 331 . 73 . ., . . . . , , , 7 , .�. . . . ~ . . . . J , . . . . . , , :.~ : . . . . . . . . . 071400200OBTA0 . 17 . . . . . v., . ., v . ~~ ; . :~~~

156 TEA CART 071800 OOD 7 .00 17 1,124 . 1,124 . 633 . 140 .

158 BRASS LAMPS, (2) 071800 OOD 7 .00 17, � 1,264 . 1,264 . 712 . 158 . . . . . s . . . . . . .

. . . .

.. . : . . ~ , 159"b' PL)i~dEW-Abk"% 0 7 1-100 ~.O 74 0., V.7 . 4 49 4 "441* . . . . . . ., r J r

160 DECORATIVE PLATE 071800 2 00D 7 .00 17 116 . 116 . 65 . 14 .

. ~,~x~. . : . . . . . . .,. : : . . . :'~ , . . : ' r ~ r l . . .

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

4/1I,~

162 ED CHINESE URN LAMP 071800 OOD 7 .00 17 1,097 . 1,097 . 618 . 137 .

1613 FISH .' BOVLIIPLANT~ 071, CHINESE RED & GOLD

. .164 AMP 71800 OOD, 7 .00 17 � 604 . .,, 604 . 340 . 75 .

CO POLO ACCENT ~~~ 166 ANEL FABRIC 71800 OOD 7 .00 17 743 . 743 . 418 . 93 .

4011 . 3COM ETHERNET ~ 2~4 PORT

W

168 HUB 092600 00D 7 .00 17 1,605 . 1,605 . 903 . 200 . . . . . . ~ ~( . . . . r . , . . . , . . ~ ~ . . . . . .

"r' .r . . r y r

170 ORTON ANTIVIRUS 7 .5 112200 SL 3 .00 16 632 . 632 . 440 . 192 .

328102 os-o1 -oa (D) - Asset disposed " ITC, Section 179, Salvage, HR 3090, Commercial Revitalization Deduction

24


w As 9~ Date un. Unadjusted Bus °~ Reduction In Basis For Accumulated Current Amount Of Na Description Acquired Method Life No Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

ASK CHAIRS & 4 LEG 172 TACKER CHAIRS 060900 OOD 7 .00 17 6,653 . 6,653 . 3,744 . 831 .

.r 17 ~a PRINT. . PIV29 0 O DQDJ *00 17 ' 331 . 31 :

EXMARK OPTRA T61j6N 174 PRINTER 091200 OOD .00 17 3,387 . 3,387 . 2,411 . 390 .

r .s . . ;f77 . . « , J . . . . , . . 115 k M-DJOL 195,t,77

REMODELING-WIRING, 176 ABLING 041700 SL 39 .0017 6,500 . 6,500 . 452 . 167 .

~ . . . . . . .. r ~ ~ ,~! ;y : . It

+~r~

MODELING 12070 17. ~ . .

. . . .I..i 7 1'1S.FilI~11 .J. .1'~t~ . ., " . .. ; .,y �r. ., .i . ., :. . "." 4,T ,31 ,.'a~, ~ ~ " , " ~" ~3/ ~'3~~~

EXMARK OPTRA C710N 178 RINTER 111400 OOD .00 17 2,223 . 2,223 . 1,583 . 256 .

. . ., . ~ r . , .:.: . ~, . .} . . . . . , . 4 . . . .

ELL PENTIUM III, 1 .0 180 HZ, 17" 11801 OOD .00 17 2,865 . 2,865 . 1,490 . 550 .

:11B 3 1 2 r ' 3 s r ! r r r .e r r vsr r v " "~~' . s r ..f,, ~ .. s~~'T'9R" 'R

fRAGON NATURALLY 182 PEAKING 011001 OOD 5 .00 17 158 . 158 . 83 . 30 .

,s . ,. b ry, -~ PDV 1

, . .�. y +~ +~ qb

ELL PENTIUM III, 1 .0 184 HZ COMPUTER 011901 OOD .00 17 2,841 . 2,841 . 1,477 . 545 .

. . .,

INTUIT QUICKEN - 4 186 ASIC 2000 030201 OOD 3 .00 17 22 . 22 . 17 . 5 .

A'rUMJ,Jt SPEAKING' . . . . . . .s r~ .a'~~ ~

.1. (}}~i1J.J~

.-A,iX~'y~

fiJ { 1-7-

~yrX~~i .

y3.T .,f ~e~t

~ w7 ~I . ~ ` ~fi~ . ~~ . . ~ . . ~ 1, . . . . . . . . . . . . r . . . . . . . .~ . r . . . . ` s r . . . : . . . . .. . . . .n

EXMARK OPTRA S 18B ENVELOPE PRINTER 041101 OOD .00 17 251 . 251 . 130 . 48 .

. , . . . . .,

328102 os.oi-oa (D) - Asset disposed " ITC, Section 179, Salvage, HR 3090, Commercial Revitalization Deduction

25


Y

As at Date Method Life Na

e Unadjusted Bus % Reduction In Basis For Accumulated Current Amount Of Descri ption Acquired Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

(D)QUICKEN 2002 HOME & 190 BUSINESS (3) 51001 OOD 3 .00 17 236 . 236 . 184 . 35 .

(D)QUICKEN 2001 HOME & 192 BUSINESS (3~41s 082101 OOD 3 .00 17 107 . y 107 . 84 . 16 .

. , . . . . . . .. .' . bB5:" : .0 17 .. . . . . . . .,. . , .- . . . . . . . ~ ~ . - �:. :s: 194 BINDING MACHINE 030801 OOD .00 17 865 . 865 . 450 . 166 .

. . . . . . . . . ~ r , ~ . . . . . . . . . . .

198 COMPUTER ATTACHMENTS 11 197 OOD .00 17 1,539 . 1,539 . 1,539 . 0 . . .

0 308 94 lbbbb 17

200 HP SCANJET 5470CXI 010302 00D .00 17 357 . 357 . 71 . 114 .

~N2}X'IX 4 .,.m :'Nbi~~di .x

.3..2~:DOD~ ~~-0 .0 : 1? s' '9a,. ., . , . ,, ;, . . . . . . .; : , , r~. . . . . . . . . . . , r , . ,., . . . . . . .: . .

ELL OPTIPLEX GX240 .202 PENTIUM 2 012302 OOD .00 17 1,774 . 1,774 . 355 . 568 .

a ~1 0 3 EN~.1' .LSP` .1.4 . 41`1 `2 ,00.Ll

~. ..~,00 17 74 5'ii ,~ . . ' , . . . . . +JA5 w 23

204 LATERAL FILES 5 DRAWE 060402 OOD 7 .00 17 4,524 . 4,524 . 646 . 1,108 . . .

~# .: . . .. .1~ ~ . 4 7.4 ~ 206 ELL LATITUDE LAPTOP 060602 00 D .00 17 2,540 . 2,540 . 508 . 813 .

208 EW GRANT SOFTWARE 080102 L 3 .00 16 100,866 . 100,866 . 14,009 . 33,622 . . .: . ,.r ~ ; . ~.

- 1 1 :50 0 0' 117' 328102 05-01-03 (D) -Asset disposed w ITC, Section 179, Salvage, HR 3090, commercial Revitalization Deduction

26


r

Description Date

Method Life No e Unadjusted Bus % Reduction In Basis For Accumulated Current Amount m Acquired Cost Or Basis Excl Basis Depreciation Depreciation Sec 179 Depreciation

(D)DELL PENTIUM III, 2101 .0 GHZ COMPUTER 010801 OOD .00 17 1,725 . 1,725 . 897 . 166 .

3ROTHEX' . ELECTRIC_'.'.

212 '700D CONTACTS SOFTWARE013003 L .00 16 228 . 228 . 42, VICKEN r . , r . . :,,r . .

4 : 1

214 YMANTEX ANTI-VIRUS 050103 SL .00 16 425 . 425, 57,

2 15 AINTIER 66.7 .� . � . , . ., v, . . . >, . .

216 ELL OPTIPLEX SX270 0 82603200D .00 19 1,320 . 1,320 . 198, r , , . , . . . . , . . . . . . . . . . :f, . . - ~ . . . SIWE+F F VAULT ii.~ , ~ii ~ - ".k'~ii,'"ii'r,'t 11 4003' J "' "1FX~ 4

218 POWER EDGE SERVER 120103 OOD .00 19 13,560 . 13,560 . 678 .

ID '*

. . . . . .. . ' . . . . ' ' . .a . , , ., .. . .r . ,' . s

. . n . . 'r r

r . , . . . r~} ' . . . .

, . . r . ;, . . . . . ~. ., . .r . . . . . . . . . : . " . . .~. . . . . . , . .. .: .: s . . . St f

328102 os-o1-oa (D) - Asset disposed " ITC, Section 179, Salvage, HR 3090, Commercial Revitalization Deduction

27

THE MACLELLAN FOUNDATION, INC . 62-6041468

FORM 990-PF INTEREST ON SAVINGS AND TEMPORARY CASH INVESTMENTS STATEMENT 1

57,214 . TOTAL TO FORM 990-PF, PART I, LINE 3, COLUMN A

FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

CAPITAL GAINS COLUMN (A) GROSS AMOUNT DIVIDENDS AMOUNT

273,945 . 4 . 273,945 . 390,962 . 0 . 390,962 .

48,647 . 800 . 47,847 .

1 . 0 . 1 .

7,693 . 0 . 7,693 . 1,112 . 0 . 1,112 .

14,729 . 148 . 14,581 . 22,532 . 0 . 22,532 . 14,322 . 0 . 14,322 . 4,577 . 0 . 4,577 .

372 . 0 . 372 . 1,565 . 0 . 1,565 . 9,552 . 0 . 9,552 .

1,012,746 . 0 . 1,012,746 .

2 . 0 . 2 . 27 . 0 . 27 .

1,780 . 0 . 1,780 . 614,686 . 0 . 614,686 . 61,968 . 0 . 61,968 . 1,853 . 0 . 1,853 .

236 . 0 . 236 . 2,996 . 0 . 2,996 .

846 . 0 . 846 . 2,268 . 0 . 2,268 .

SOURCE . . ;

ABRAMS CAPITAL PARTNERS, L .P . AQUITANIA PARTNERS, L .P . BEAR, STEARNS SECURITIES--NOMINEE CAPITAL MANAGEMENT INVESTORS, LLC CASTLE CREEK CAPITAL PARTNERS FUND IIA, LP CHARLES SCHWAB--NOMINEE CSFB LLC--ACCT 2A7-003029 CSFB LLC--ACCT 2A7-OQ3037 QSFB LLC--ACCT 2A7-003045 CSFB LLC--ACCT 2A7-003052 CSFB LLC--ACCT 2A7-004571 CSFB LLC--ACCT 2A7-004589 CSFB LLC--ACCT 2F7-701191 CSFB LLC--UNUMPROVIDENT CORP FRANK RUSSELL INTERN'L TAX-EXEMPT GREENBRIAR EQUITY FUND GREENBRIAR EQUITY FUND (US) MAJESTY I, L .P . MERRILL LYNCH--NOMINEE PLATTE INVESTORS, LLC PRINCIPAL FINANCIAL GROUP RBJ PARTNERS II, LP RESOURCE LAND FUND RESOURCE LAND FUND II, LP

28 STATEMENT S) 1, 2

SOURCE

ABRAMS CAPITAL PARTNERS, L .P .--TAX EXEMPT INC . CSFB LLC--ACCT 2A7-004571 CSFB LLC--ACCT 2A7-004589 MAJESTY I, L .P .--TAX EXEMPT INCOME MERRILL LYNCH--BANK DEPOSIT AND CMA INTEREST SAFE HARBOR FUND I, LP STB BANK CHATTANOOGA SUNTRUST BANK CHATTANOOGA--STI MONEY FUND SUNTRUST BANK--NOMINEE--COMMERCIAL PAPER

AMOUNT

13,263 . 20 . 30 .

2,914 . 1,933 .

136 . 148 . 816 .

37,954 .

w


ROYAL CAPITAL VALUE FUND 52,281 . 0 . 52,281 . SAFE HARBOR FUND I, L .P . 56,701 . 0 . 56,701 . SSM VENTURE PARTNERS II, L.P . 730 . 0 . 730 . SUNTRUST BANK CUSTODY--UNUMPROVIDENT CORP . 1,461,624 . 0 . 1,461,624 . SUNTRUST BANK, INC . 38,894 . 0 . 38,894 . UNUMPROVIDENT CORPORATION 958,176 . 0 . 958,176 . i+iINDROCK PRIVATE EQUITY FUND 2,186 . 0 . 2,186 .

TOTAL TO FM 990-PF, PART I, LN 4 5,060,009 . 948 . 5,059,061 .

29 STATEMENT S) 2

STATEMENT S) 3 30

THE MACLELLAN FOUNDATION, INC . 62-604146$

FORM 990-PF GAIN OR (LASS) FROM SALE OF ASSETS STATEMENT 3

(A) MANNER DATE DESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD

THRU BEAR, STEARNS SEC .--SCH PURCHASED VARIOUS VARIOUS ATTACHED

(B) (C) (D) (E) (F) GROSS COST OR EXPENSE OF

SALES PRICE OTHER BASIS SALE DEPREC . GAIN OR LOSS

206,799 . 209,258 . 0 . 0 . -2,459 .


THRU BEAR, STEARNS SEC .--SCH PURCHASED VARIOUS VARIOUS ATTACHED



787,230 . 701,787 . 0 . 0 . 85,443 .


THRU MERRILL LYNCH--SCH PURCHASED VARIOUS VARIOUS ATTACHED

_ (B) (C) (D) (E) (F) 3 -GROSS COST OR EXPENSE OF


229,098 . 207,977 . 0 . 0 . 21,121 .

31 STATEMENT S) 3



1'HRU CSFB, LLC--SCH ATTACHED PURCHASED VARIOUS VARIOUS



4,913,423 . 4,565,113 . 0 . 0 . 348,310 .


THRU CSFB, LLC--SCH ATTACHED PURCHASED VARIOUS VARIOUS



155,872 . 136,092 . 0 . 0 . 19,780 .


ABRAMS CAPITAL PARTNERS II, PURCHASED VARIOUS VARIOUS L .P .--SCH K-1



492,196 . 0 . 0 . 0 . 492,196 .


ABRAMS CAPITAL PARTNERS II, PURCHASED VARIOUS VARIOUS L .P .--SCH K-1



113,040 . 0 . 0 . 0 . 113,040 .

(A) DESCRIPTION OF PROPERTY

AQUITANIA PARTNERS, L .P .--SCH K-1

MANNER DATE ACQUIRED ACQUIRED DATE SOLD

PURCHASED VARIOUS VARIOUS



926,495 . 0 . 0 . 0 . 926,495 .


AQUITANIA PARTNERS, L .P .--SCH K-1

GROSS SALES PRICE

-260,380 .

(C) COST OR

OTHER BASIS


AQUITANIA PARTNERS, L .P .--SEC .1231

GROSS SALES PRICE

-330 .



(C) (D) (E) (F) COST OR EXPENSE OF

OTHER BASIS SALE DEPREC . GAIN OR LOSS

0 . 0 . 0 . -330 .

32 STATEMENT S) 3

THE MACLELLAN FOUNDATION, INC . 62-6Q41468



(D) (E) (F) EXPENSE OF

SALE DEPREC . GAIN OR LOSS

0 . 0 . 0 . -260,380 .

33 STATEMENT S) 3



BIOTECHNOLOGY VALUE FUND, PURCHASED VARIOUS VARIOUS L .P .--SCH K-1



703,233 . 0 . 0 . 0 . 743,233 .


BIOTECHNOLOGY VALUE FUND, PURCHASED VARIOUS VARIOUS L .P .--SCH K-1



87,328 . 0 . 0 . 4 . 87,328 .


CASTLE CREEK CAPITAL PURCHASED VARIOUS VARIOUS PARTNERS--SCH K-1



13,700 . 0 . 0 . 0 . 13,700 .



CASTLE CREEK CAPITAL PURCHASED VARIOUS VARIOUS PARTNERS--SCH K-1



-2,938 . 0 . 0 . 0 . -2,938 .



34 STATEMENT S) 3


CASTLE CREEK CAPITAL PURCHASED VARIOUS VARIOUS PARTNERS--SEC 1256 LOSS



-693 . 0 . 0 . 0 . -693 .


FERN HILL INVESTMENTS, PURCHASED VARIOUS VARIOUS L .P .--SCH K-1



-31,034 . 0 . 0 . 0 . -31,034 .




FERN HILL INVESTMENTS, L .P .--SCH K-1



419,421 . 0 . 0 . 0 . 419,421 .


MAJESTY I, L .P .--SCH K-1



(C) COST OR

OTHER BASIS

(E) (D) EXPENSE OF

SALE DEPREC .

0 . 0 . 290,965 . 0 . 290,965 .


MAJESTY I, L .P .--SCH K-1 PURCHASED VARIOUS VARIOUS



166,266 . 0 . 0 . 0 . 166,266 .

MAJESTY I, L .P .--SEC 1256 PURCHASED VARIOUS VARIOUS

35 STATEMENT S) 3


GROSS SALES PRICE

(F)

GAIN OR LOSS

DESCRIPTION OF PROPERTY MANNER DATE ACQUIRED ACQUIRED DATE SOLD



-11,775 . 0 . 0 . 0 . -11,775 .

36 STATEMENT(S) 3



MAJESTY I, L .P .--SEC 1231 PURCHASED VARIOUS VARIOUS



-21 . 0 . 0 . 0 . -21 .


PENINSULA CATALYST FUND--SCH PURCHASED VARIOUS VARIOUS K-1



53,233 . 0 . 0 . 0 . 53,233 .


PENINSULA TECHNOLOGY PURCHASED VARIOUS VARIOUS FUND-SCH K-1



1,252,193 . 0 . 0 . 0 . 1,252,193 .

" THE " MACLELLAN FOUNDATION, INC . 62-6041468


PENINSULA TECHNOLOGY PURCHASED VARIOUS VARIOUS FUND--SCH K-1



272,076 . 0 . 0 . 0 . 272,076 .


RBJ PARTNERS II, L .P .--SCH K-1





19,829 . 0 . 0 . 0 . 19,829 .

PURCHASED VARIOUS VARIOUS RBJ PARTNERS II, L .P .--SCH K-1

37 STATEMENT S) 3





4,439 . 0 . 0 . 0 . 4,439 .


RESOURCE LAND FUND I, LLC--SEC 1231

(C) (D) GROSS COST OR EXPENSE OF

SALES PRICE OTHER BASIS SALE

126,293 . 0 . 0 .

(E) (F)

DEPREC . GAIN OR LOSS

0 . 126,293 .

38 STATEMENT S) 3





ROYAL CAPITAL VALUE PURCHASED VARIOUS VARIOUS FUND--SCH K-1



-26,388 . 0 . 0 . 0 . -26,388 .


ROYAL CAPITAL VALUE PURCHASED VARIOUS VARIOUS FUND--SCH K-1

(B) GROSS COST OR EXPENSE OF


114,744 . 0 . 0 . 4 . 114,744 .


SAMARITAN ENHANCED EQUITY FUND--SCH K-1





177 . 0 . 0 . 0 . 177 .


SAMARITAN ENHANCED EQUITY FUND--SCH K-1

GROSS SALES PRICE

211 .

(C) COST OR

OTHER BASIS


SAMARITAN GLOBAL FUND--SCH K-1



(C) {D} (E) GROSS COST OR EXPENSE OF


134,190 . 0 . 0 . 0 . 134,190 .

39 STATEMENT S) 3




EXPENSE OF SALE DEPREC . GAIN OR LOSS

0 . 0 . 0 . 211 .

40 STATEMENT S) 3



SAMARITAN MULTI-STRATEGIES PURCHASED VARIOUS VARIOUS FUND--SCH K-1



499,079 . 0 . 0 . 0 . 499,079 .


SSM VENTURE PARTNERS II, PURCHASED VARIOUS VARIOUS L .P .--SCH K-1

(B) (C) (D) {E} (F) GROSS COST OR EXPENSE OF



SSM VENTURE PARTNERS II, PURCHASED VARIOUS VARIOUS L .P .--SCH R-1


SALES PRICE ETHER BASIS SALE DEPREC . GAIN OR LOSS

-113,535 . 0 . 0 . 0 . -113,535 .

62-6041468 THE MACLELLAN FOUNDATION, INC .

41 STATEMENT(S) 3


VALUE HOLDINGS, L .P .--SCH PURCHASED VARIOUS VARIOUS

K-1



91,550 . 0 . 0 . 0 . 91,550 .


VALUE HOLDINGS, L .P .--SCH PURCHASED VARIOUS VARIOUS K-1



194,215 . 0 . 0 . 0 . 194,215 .

(p,) MANNER DATE DESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD

WINDROCK PRIVATE EQUITY--SCH PURCHASED VARIOUS VARIOUS K-1



7,165 . 0 . 0 . 0 . 7,165 .


L7INDROCK PRIVATE EQUITY--SCH K-1





23,022 . 0 . 0 . 0 . 23,022 .

(C) COST OR

OTHER BASIS


0 .

DESCRIPTION OF PROPERTY

WERNER ENTERPRISES, INC .--FRACTION

(C) GROSS COST OR

SALES PRICE OTHER BASIS

5 . 0 .

42 STATEMENT S) 3

THE " MACLELLAN FOUNDATION, INC . 62-6041468


APACHE CORP--FRACTION

GROSS SALES PRICE

12 .

BERKLEY, W .R . CORP--FRACTION

GROSS COST OR SALES PRICE OTHER BASIS

17 .

4 .


PURCHASED 11/20/02 04/02/03



0 . 0 . 12 .


PURCHASED 11/20/02 09/03!03



0 . 0 . 17 .


PURCHASED 12/04/02 10/06/03



0 . 0 . 5 .


BARR LABS INC--FRACTION

(C) COST OR

OTHER BASIS GROSS

SALES PRICE

27 .


PURCHASED 11/21/02 OI/31/03


MYLAN LABORATORIES--FRACTION

43 STATEMENT S) 3



PURCHASED 11/21/02 03/21/03

t EXPENSE OF


o . o . a . 27 .



13 . 0 . 0 . 0 . 13 .


MYLAN LABORATORIES--FRACTION PURCHASED 11/21/02 10/15/03

(B) (C) (D) {E} (F) GROSS COST OR EXPENSE OF


14 . 0 . 0 . 0 . 14 .

~(A) MANNER DATE DESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD

WERNER ENTERPRISES, PURCHASED 12/04/02 10/06/03 INC .--FRACTION



15 . 0 . 0 . 0 . 15 .

44 STATEMENT S) 3

" THE "MACLELLAN FOUNDATION, INC . 62-6041468


SENSIENT PURCHASED 12/04/02 09/03/03 TECHNOLOGIES--FRACTION



5 . 0 . 0 . 0 . 5 .


CITADEL EDISON FUNDS PURCHASED 01/31/02 12/31/03



5,474,449 . 5,000,000 . 0 . 0 . 74,449 .


GOLDEN TREE HIGH YIELD PURCHASED 01/31/02 10/01/03



3,870,081 . 3,000,000 . 0 . 0 . 870,081 .


HYGROVE OFFSHORE PURCHASED 12/31/01 09/30/03



2,367,944 . 2,478,547 . 0 . 0 . -110,603 .

" THE MACLELLAN FOUNDATION, INC . 62-6041468


LMC COMPASS FUND, LP PURCHASED 12/31/00 01/01/03

(B) (C) (D) (E) {F} GROSS COST OR EXPENSE OF


104,407 . 104,521 . 0 . 0 . -114 .


SAMARITAN ENHANCED EQUITY FUND


PURCHASED 01/29/02 02/01/03



1,814,753 . 1,814,753 . 0 . 0 . 0 .

0 .

STATEMENT S) 3 45

)

000

(A DESCRIPTION OF PROPERTY

PERENNIAL INVESTORS OFFSHORE

GROSS COST OR EXPENSE OF SALES PRICE OTHER BASIS SALE

3,736,643 . 4, ,000 . 0 .


PURCHASED 06/27/02 12/31/03

(E) (F)


0 . -263,357 .

DESCRIPTION (A) OF PROPERTY

CHILTON NEW ERA INTERNATIONAL

GROSS COST OR EXPENSE OF SALES PRICE OTHER BASIS SALE

244,391 . 0 . 0 .



(E) (F)


244,391 .





0 . 0 . 0 . 39,835 .

(C) GROSS COST OR


39,835 .


SAFE HARBOR FUND I, L .P .

(C) GROSS COST OR


2,907,895 . 2,805,460 .


PURCHASED VARIOUS 10/06/03



0 . 0 . 102,435 .

-=(A) MANNER DATE DESCRIPTION OF PROPERTY ACQUIRED ACQUIRED DATE SOLD

SAFE HARBOR FUND I, PURCHASED VARIOUS VARIOUS L .P .--SCHEDULE K-1



33,619 . 209 . 0 . 0 . 33,410 .

STATEMENT S) 3 46

THE MACLELLAN FOUNDATION, INC .


SHAKER INVESTORS OFFSHORE

(C) GROSS COST OR


162,182 .


NEXTEL, INC .

62-6041468





0 . 0 . 0 . 162,182 .


SAFE HARBOR FUND I, L .P .--SCHEDULE K-1




STATE BANCORP--FRACTIONAL PURCHASED VARIOUS 07/21/03 SHARE



5 . 0 . 0 . 0 . 5 .


SAMARITAN ENCHANCED EQUITY FUND--SCH K-1 (UBIT)

(C) GROSS COST OR


629 . 0 .

4 7 STATEMENT S) 3

+ THE " MACLELLAN FOUNDATION, INC . 62-6041468


SALES PRICE OTHER BASIS SALE DEPREC . GAIN 0R LOSS

0 . 1,885 . 0 . 0 . -1,885 .





0 . 0 . 629 .




MAJESTY II-QP, L .P .--5CH . K-1

4 8 STATEMENT S) 3



SAMARITAN ENCHANCED EQUITY FUND--SCH K-1 (UBIT)

(C) (D) GROSS COST OR EXPENSE OF

SALES PRICE OTHER BASIS SALE

752 . 0 . 0 .

62-6041468



(E) (F)


0 . 752 .



35,054 . 0 . 0 . 0 . 35,054 .


PENINSULA TECHNOLOGY PURCHASED VARIOUS VARIOUS FUND--SCH K-1



5,422 . 0 . 0 . 0 . 5,422 .


PURCHASED VARIOUS VARIOUS PENINSULA TECHNOLOGY FUND--SCH K-1

7,217,582 . TOTAL TO FORM 990-PF, PART I, LINE 6A

FORM 994-PF OTHER INCOME STATEMENT 4

STATEMENT S) 3, 4 49



62-6041468



-6,253 . 0 . 0 . 0 . -6,253 .


SAFE HARBOR FUND I, L .P . PURCHASED VARIOUS VARIOUS



209 . 0 . 0 . 0 . 209 .

NET GAIN OR LOSS FROM SALE OF ASSETS

CAPITAL GAINS DIVIDENDS FROM PART IV

7,216,634 .

948 .

DESCRIPTION

ABRAMS CAPITAL PARTNERS II, LP--OTHER PORTFOLIO INC . AQUITANIA PARTNERS, L .P .--ORDINARY LOSS CASTLE CREEK CAPITAL PARTNERS--ORDINARY INC . FERN HILL INVESTMENTS L .P .--ORDINARY INC . MAJESTY I, L .P .--ORDINARY INC . LIVINGSTON FUND, L .P .--ORDINARY INCOME PLATTE INVESTORS, LLC--ORDINARY LOSS RESOURCE LAND FUND--ORDINARY LOSS SAMARITAN ENHANCED EQUITY FUND--ORDINARY LOSS SAMARITAN GLOBAL FUND TRADING--ORDINARY LOSS SAMARITAN MULTI-STRATEGIES FUND--ORDINARY LOSS VALUE HOLDINGS, L .P .--ORDINARY LOSS SAFE HARBOR FUND I, L .P .--ORDINARY INCOME SAFE HARBOR FUND I, L .P .--SEC . TRADERS IRC 475(F) WINDROCK PRIVATE EQUITY FUND--SCH K-1

AMOUNT

30,083 . -38,083 . 5,178 .

-13,949 . 68,836 . 51,116 .

-153,615 . -118,689 .

-8,613 . -63,886 . -66,022 . -22,909 .

1,785 . 12,157 .

-23,119 .

TOTAL TO FORM 990-PF, PART I, LINE 11, COLUMN A -431,414 .

FORM 990-PF LEGAL FEES STATEMENT 5

(C) (D) ADJUSTED CHARITABLE NET INCOME PURPOSES

CHAMBLI5S, BANNER & STOPHEL, P .C . KING & SPALDING

40,250 . 32,494 .

40,250 . 32,494 .

Q . 0 .

TO FM 990-PF, PG 1, LN 16A 72,744 . 0 . 72,744 .

FORM 990-PF ACCOUNTING FEES STATEMENT 6

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

ERNST & YOUNG LLP CPA 18,550 . 0 . 18,550 .

TO FORM 990-PF, PG 1, LN 16B 18,550 . 0 . 18,554 .

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 7

(C) (D) ADJUSTED CHARITABLE NET INCOME PURPOSES

1,903 .

STATEMENT S) 4, 5, 6, 7 50


BIOTECHNOLOGY VALUE FUND LP--ORDINARY LOSS PENINSULA CATALYST FUND, L .P .--ORINDARY LOSS PENINSULA TECHNOLOGY FUND, L .P .--ORDINARY LOSS PRAIRIE CAPITAL III, L .P .--ORDINARY LOSS PENINSULA TECHNOLOGY FUND, L .P .--UNRELATED BUS . INC . SAFE HARBOR FUND I, L .P .--FOREIGN CURRENCY GAINS SAFE HARBOR FUND I, L .P .--OTHER INCOME SAFE HARBOR FUND I, L .P .--UBI LOSS

62-6Q41468

-38,028 . -4,608 .

-174,886 . -38,252 . 158,989 . 4,049 . 1,675 . -623 .

DESCRIPTION

(A) EXPENSES PER BOOKS

NET INVEST-MENT INCOME

EXPENSES NET INVEST- DESCRIPTION PER BOOKS MENT INCOME

TEAM RESOURCES - FOR VARIOUS CHARITABLE ENTITIES 42,017 . 0 . CAROL HAMRIN - CHINA CONSULTANT 47,863 . 0 . FIRST FRUITS, INC . - CHINA CONSULTANT 1,903 . 0 .

42,017 .

47,863 .

FORM 990-PF OTHER EXPENSES STATEMENT 9

(D) CHARITABLE PURPOSES

1,468 . 0 .

4,717 . 1,175 . 5,802 . 3,796 .

5,957 .

362 .

(C) ADJUSTED NET INCOME DESCRIPTION

BOOKS AND PERIODICALS WIRE TRANSFER FEES OFFICE EXPENSES POSTAGE TELEPHONE,CELL AND WATT LINE SUPPLIES INSURANCE - OFFICERS AND DIRECTORS LIABILITY INSURANCE - CONTENTS AND GENERAL

STATEMENT S) 7, 8, 9 51


OTHER MISCELLANEOUS CONSULTANTS FOR CHARITABLE PURPOSES 11,800 . 0 . 11,800 . NORTHINGTON PARTNERS - INVESTMENTS 150,432 . 150,432 . 0 " TED W . WARD - CONSULTANT FOR CHARITIES 55,450 . 0 . 55,450 . THE MAJESTY GROUP LLC - INVESTMENT ADV . 200,000 . 200,000 . 0 "

0 . 0 . 0 . CHARLES W . PHILLIPS -CONSULTANT FOR VARIOUS CHARITIES 37,393 . 0 . 37,393 . CHINA SOURCE - CHINA CONSULTANTS 23,384 . 0 . 23,384 .

TO FORM 990-PF, PG 1, IN 16C 570,242 . 350,432 . 219,810 .

FORM 990-PF TAXES STATEMENT 8

EXPENSES NET INVEST- ADJUSTED CHARITABLE DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

PAYROLL TAXES 49,205 . 12,301 . 36,904 . FOREIGN TAX WITHHELD FROM DIVIDENDS & PARTNERSHIPS 615 . 615 . 0 " UNRELATED BUSINESS INCOME TAX 1,459 . 0 . 0 "

TO FORM 990-PF, PG 1, IN 18 51,279 . 12,916 . 36,904 .

EXPENSES NET INVEST-PER BOOKS MENT INCOME

2,935 . 1,467 . 170 . 170 .

9,434 . 4,717 . 2,349 . 1,174 .

11,604 . 5,802 . 7,592 . 3,796 .

11,915 . 5,958 .

723 . 361 .

FORM 990-PF CORPORATE STOCK STATEMENT 11

TOTAL TO FORM 990-PF, PART II, LINE lOB

52 STATEMENT S) 9, 10, 11


LESS : REIMBURSEMENT OF SALARIES, LEGAL FEES AND OTHER OFFICE EXPENSE -133,000 . -31,789 . -95,946 . INVESTMENT FEES 295,057 . 295,057 . 0 . THRU PARTNERSHIPS - OTHER DEDUCTIONS 510,346 . 510,346 . 4 . COMPUTER - INTERNET, WEB SITE, E-MAIL, MAINTENANCE & TRAINING 4,987 . 0 . 4,987 . MEMBERSHIP DUES 3,160 . 0 . 3,160 . BANK MANAGEMENT FEES 9,380 . 9,380 . 0 . MISCELLANEOUS 323 . 162 . 161 . RENT--EQUIPMENT 318 . 159 . 159 . REIMBURSE EXPENSES AND DIRECT CONSULTING SERVICES FOR EXEMPT ORGANIZATIONS 547,526 . 0 . 547,526 . NON-DEDUCTIBLE EXPENSES THROUGH PARTNERSHIPS 283 . 0 . 0 . LOSS ON ABANDONMENT OF PROPERTY 3,647 . 0 . 4 .

TO FORM 990-PF, PG 1, IN 23 1,288,749 . 806,760 . - 483,324 .

FARM 990-PF OTHER INCREASES IN NET ASSETS OR FUND BALANCES STATEMENT 10

DESCRIPTION AMOUNT

DIFFERENCE IN BOOK VALUE AND FAIR MARKET VALUE OF STOCK CONTRIBUTIONS 9,290,354 .

TOTAL TO FORM 990-PF, PART III, LINE 3 9,290,354 .

DESCRIPTION

UNUMPROVIDENT CORPORATION SUNTRUST BANKS, INC . VARIOUS SECURITIES--SCH ATTACHED LIGHTPORT ADVISORS, INC . ILIANT-A VASCULAR SCIENCE HOLDINGS APHERESIS TECHNOLOGY

FAIR MARKET BOOK VALUE VALUE

23,563,729 . 136,370,799 . 29,450 . 1,542,163 .

15,314,057 . 18,532,624 . 16,573 . 6,431 . 44,194 . 44,194 . 13,415 . 2,294 .

0 . 97 .

38,981,418 . 156,498,602 .

62-6041468 THE MACLELLAN FOUNDATION, INC .

STATEMENT 12 OTHER INVESTMENTS FORM 990-PF

ABRAMS CAPITAL PARTNERS, L .P . AQUITANIA PARTNERS, L .P . CAPITAL MANAGEMENT INVESTORS, LLC CASTLE CREEK CAPITAL PARTNERS FUND FERN HILL INVESTMENTS, L.P . GREENBRIAR EQUITY FUND (US) FUND, L GREENBRIAR EQUITY FUND, L .P . LMC COMPASS FUND, L .P . MAJESTY I, L .P . PLATTE INVESTORS, LLC RESOURCE LAND FUND I, L .P . ROYAL CAPITAL VALUE FUND (QP), L .P . SAFE HARBOR FUND I, L .P . SAMARITAN GLOBAL FUND TRADING I, L . SAMARITAN MULTI-STRATEGIES FUND, L . SSM VENTURE PARTNERS, L .P . VALUE HOLDINGS, L .P . HYGROVE OFFSHORE KENSICO OFFSHORE KENSINGTON GLOBAL STRATEGIES FUND SWIFTCURRENT OFFSHORE LTD WINDROCK PRIVATE EQUITY BIOTECHNOLOGY VALUE FUND, L .P . PENINSULA TECHNOLOGY FUND, L .P . SAMARITAN ENHANCED EQUITY FUND AMICI FUND INTERNATIONAL ASLAN SERIES 2 ASLAN SERIES 3 ASLAN SERIES 4 CITADEL DISTRESSED & CREDIT CITADEL EDISON FUND COMMON SENSE PARTNERS OFFSHORE GLENSHILL CAPITAL OVERSEAS PARTNERS GOLDEN TREE HIGH YIELD HAMMERMAN CAPITAL PARTNERS PERENNIAL INVESTORS OFFSHORE QDRF LTD . RAM CAPITAL INVESTMENTS CLASS A SUNOVA LIVINGSTON FUND 1, L .P . PENINSULA CATALYST FUND, L .P . PRAIRIE CAPITAL III, L .P . RBJ PARTNERS II, L .P . RESOURCE LAND FUND II, L .P . VERUS INVESTMENT FUND FAIRFIELD REDSTONE FUND

P . P .

115,668,984 . TOTAL TO FORM 990-PF, PART II, LINE 13

STATEMENT S) 12 53

DESCRIPTION

I IA, LP

.P .

BOOK VALUE

6,325,136 . 9,869,602 .

500,249 . 405,930 .

4,555,271 . 208,301 . 56,464 .

0 . 14,130,849 .

332,234 . 213,746 .

3,252,968 . 0 .

154,633 . 278,375 .

1,522,861 . 3,892,054 .

0 . 4,436,260 . 4,488,412 . 1,844,749 . 570,221 .

3,752,481 . 3,001,197 .

0 . 4,000,000 . 1,000,000 . 1,000,000 .

500,000 . 3,000,00 .

0 . 13,471,905 . 3,000,000 .

0 . 4,000,000 .

0 . 2,500,000 . 4,726,863 . 2,500,000 .

586,184 . 2,548,625 .

261,528 . 1,524,302 . 757,584 .

3,000,000 . 3,500,000 .

FAIR MARKET VALUE

7,876,283 . 10,225,326 .

500,249 . 458,048 .

4,751,312 . 208,162 . 56,464 .

0 . 15,682,018 .

332,234 . 213,746 .

3,523,747 . 0 .

149,332 . 275,025 .

1,522,861 . 4,647,596 .

0 . 6,132,144 . 5,382,888 . 2,287,751 . 590,358 .

4,008,342 . 3,001,198 .

0 . 4,424,934 . 1,252,550 . 1,257,434 . 622,419 .

3,812,435 . 0 .

15,691,858 . 3,497,071 .

0 . 5,514,225 .

0 . 3,570,925 . 5,636,044 . 3,375,176 .

583,924 . 2,579,249 .

277,974 . 1,568,084 .

757,584 . 3,000,000 . 2,527,570 .

131,774,540 .


54 STATEMENT S) 13

FORM 990-PF DEPRECIATION OF ASSETS NOT HELD FOR INVESTMENT STATEMENT 13

COST OR ACCUMULATED DESCRIPTION OTHER BASIS DEPRECIATION BOOK VALUE

(3) 4019 LASER PRINTER, (3) IBM PC 10,046 . 10,045 . 1 . TRANSCRIBER - OLYMPUS 339 . 339 . 0 . TR.ANSCRIBER - OLYMPUS 369 . 368 . 1 . (12) 5 DRAWER LATERAL FILES 7,236 . 7,236 . 0 . (2) 4 DRAWER LATERAL FILES 1,110 . 1,110 . 0 . PUNCH & BINDING MACHINE 999 . 999 . 0 . OFFICE CHAIRS 4,082 . 4,082 . 0 . OLYMPUS HANDHELD CALCULATOR 279 . 279 . 0 . FAQ MACHINE 900 . 900 . 0 . 2 DELL COMPUTERS WITH ATTACHMENTS 4,120 . 4,120 . 0 . COMPUTER SOFTWARE 2,735 . 2,735 . 0 . LASERJET PRINTERS (4) 1,449 . 1,449 . 0 . DELL COMPUTER 1,266 . 1,266 . 0 . VARIOUS EQUIPMENT AND INSTALLATION 1,750 . 1,750 . Q . COMPUTER SYSTEM 2,504 . 2,504 . 0 . S¢FTWARE 630 . 630 . 0 . PRINTER 1,019 . 1,019 . 0 . ADTRAN XRT (2) 618 . 479 . 139 . IOMEGA ZIP 100 MB PARAPORT 102 . 97 . 5 . LEXMARK OPTRA S 1625 PRINTER 2,014 . 1,898 . 116 . MAKKNET PRO 480 . 452 . 28 . 2 DELL P6450 GX1/M+ BASE COMPUTERS 5,294 . 4,989- 345 . 2 LEXMARK OPTR.A S 1625 16PPM LASER 3,226 . 3,040 . 186 . PULL CABLE - NETWORKING 288 . 271 . 17 . NEW COMPUTER SETUP 2,663 . 2,510 . 153 . POLYCOM BASIC 436 . 411 . 25 . CABLING SERVICE 173 . 163 . 10 . ADOBE PACEMAKER V6 .5 114 . 107 . 7 . ADOBE GRAPHIC STUDIO WINDOW CDR 970 . 914 . 56 . 3 COM OFFICE CONNECT HUB & PORT 255 . 240 . 15 . 128 MB, ECC, SDRAM 1 DIMM 536 . 506 . 30 . 3 COM FAST ETHERLINK 177 . 166 . 11 . INSTALLATION OF EQUIPMENT 1,333 . 1,258 . 75 . SUPERSTACK II SWITCH 3300 24 PORT 2,011 . 1,896 . 115 . DIMM MEMORY FOR LAPTOPS 183 . 173 . 10 . DELL 64 MB FOR POPTIPLEX GXIP 161 . 153 . 8 . 3 DIMM 64 MB 8X72 66MHZ ECC 3 .3V 258 . 245 . 13 . DIMM 32MB 4X72 CONS ECC 3 .3V 111 . 105 . 6 .

55 STATEMENT(S) 13


1099 MICROSOFT ENCARTE SUITE 108 . 102 . 6 . SOFTWARE FOR SERVER 3,175 . 2,993 . 182 . LEXMARK OPTRA S 1855N +DRAWER & ENV FEEDER 1,909 . 1,800 . 109 . NS OFFICE 2400 PRO CD 512 . 482 . 30 . 3COM USR COURIER 56V .90 MODEM

506 . 476 . 30 . DIGI ACCELEPORT TAS 4PT (FOR LAPTOP) 872 . 820 . 52 . HP JETDIRECT 500X PRINTER SERVER 331 . 312 . 19 . HP JETDIRECT 500X PRINTER SERVER 331 . 312 . 19 . IBM THINKPAD 570 3,189 . 2,637 . 552 . THINKPAD 570 ULTRA SLIMBAY 467 . 386 . 81 . KOLAR SYSTEMS 1,953 . 1,616 . 337 . REFRIGERATOR 720 . 495 . 225 . LATERAL FILES WOOD FRONT (7) 5,184 . 3,565 . 1,619 . LATERAL FILES STAND PULL 5 HIGH 3,414 . 2,347 . 1,067 . LATERAL FILES STAND PULL 3 HIGH 807 . 555 . 252 . SIT-TO-STAND TABLE 24X36 635 . 437 . 198 . Lip 117 . 81 . 36 . TABLE DESK, BALL & CLAW 3,857 . 2,653 . 1,204 . CREDENZA 74" SHELL 833 . 573 . 260 . PEDESTAL BOX/BOX/FILE LEFT 642 . 441 . 201 . OPEN KNEEWELL 34" 255 . 175 . 80 . MODEST PANEL 34" CENTER 365 . 251 . 114 . PEDESTAL FILE/FILE, RIGHT 627 . 432 . 195 . SOFA 68" 2,162 . 1,486 . 676 . 1/2 TABLE DESK, CHAMPAGNE 2,224 . 1,530 . 694 . EXECUTIVE CHAIR, MID-BACK 1,237 . 851 . 386 . SIDE TABLE 24X24 CHAMPAGNE 395 . 271 . 124 . END TABLE, CHAMPAGNE 350 . 241 . 109 . GUEST CHAIR, MELON 892 . 612 . 280 . COCKTAIL TABLE, ANTIQUE CRACKLE 1,659 . 1,140 . 519 . 8CHUMACHER FABRIC, MELON 282 . 193 . 89 . COCKTAIL-TABLE RECT . 1,315 . 904 . 411 . EXECUTIVE CHAIR 1,575 . 1,083 . 492 . SOFA SPLAYED ARM 3,086 . 2,122 . 964 . GUEST CHAIR, ONION 1,124 . 773 . 351 . SOFA 83", KAYSER MATERIAL 3,525 . 2,424 . 1,101 . SOFA 78", GOLDEN 1,900 . 1,306 . 594 . WING CHAIR, TAN 1,890 . 1,300 . 590 . GUEST CHAIR, CHENELL 1,675 . 1,151 . 524 . GOLD PERSIAN RUG MATERIAL 1,719 . 1,183 . 536 . DESK 36X72, CENTER DRAWER & RETURN 4,429 . 3,046 . 1,383 . DESK 36X72, CENTER DRAWER & RETURN 4,429 . 3,046 . 1,383 . DESK 36X72, CENTER DRAWER & RETURN 4,414 . 3,035 . 1,379 .

5 6 STATEMENT S) 13


UPPER BOOKCASE HUTCH (3) 3,556 . 2,445 . 1,111 . TACK BOARDS 2 PER HUTCH (6) 792 . 545 . 247 . CONFERENCE CHAIRS (4) 2,681 . 1,844 . 837 . CONFERENCE CHAIRS (12) 13,088 . 8,999 . 4,089 . FEDERAL CHAIR, ARCCOM FABRIC TANGERINE 2,890 . 1,987 . 903 . FEDERAL CHAIR, LUNA TEXTILE FABRIC 1,230 . 846 . 384 . FEDERAL CHAIR, CARBON 1,226 . 842 . 384 . VISUAL BOARD CABINET, AMBER 1,110 . 764 . 346 . PORCELAIN BOARD, BROWN 356 . 244 . 112 . CONFERENCE TABLE 120X42X36 5,341 . 3,672 . 1,669 . CONFERENCE CHAIRS (4) 4,363 . 2,999 . 1,364 . ROHM TELEPHONES 2,357 . 1,620 . 737 . PEDESTAL BASE 250 . 172 . 78 . COFFEE TABLE 2,154 . 1,48 . 672 . FABRIC, TRIM, LINING & INSTALLATION 1,372 . 943 . 429 . LAMPS (2) 587 . 444 . 183 . PROSCRIBE 199 . 137 . 62 . TEA CART 1,124 . 773 . 351 . PORCELAIN LAMPS (2) 725 . 500 . 225 . BRASS LAMPS (2) 1,264 . 870 . 394 . RED PLANTER BOX 449 . 309 . 140 . DECORATIVE PLATE 116 . 79 . 37 . HAND PAINTED LAMP 1,262 . 868 . 394 . RED CHINESE URN LAMP 1,097 . 755 . 342 . FISH BOWL PLANTERS (2) 585 . 402 . 183 . CHINESE RED & GOLD LAMP 604 . 415 . 189 . SHANGHAI CLOCK 127 . 87 . 40 . MARCO POLO ACCENT PANEL FABRIC 743 . 511 . 232 . RUBY MULTI FABRIC 8 YDS 361 . 248 . 113 . 3COM ETHERNET 24 PORT HUB 1,605 . 1,103 . 502 . INFOCUS LP335 PROJECTOR WITH CASE 4,634 . 3,186 . 1,448 . NORTON ANTIVIRUS 7 .5 632 . 632 . 0 . MINI DV CAMERA AND KIT 2,834 . 2,344 . 490 . TASK CHAIRS & 4 LEG STALKER CHAIRS ~ 6,653 . 4,575 . 2,078 . HP JETDIRECT 500X PRINT SERVER 331 . 274 . 57 . LEXMARK OPTRA T616N PRINTER 3,387 . 2,801 . 586 . REMODELING 195,777 . 17,783 . 177,994 . REMODELING-WIRING, CABLING 6,500 . 619 . 5,881 . REMODELING 30,465 . 2,376 . 28,089 . LEXMARK OPTR.A C710N PRINTER 2,223 . 1,839 . 384 . DELL PENTIUM III, 1 .0 GHZ COMPUTER - (2) 3,450 . 2,456 . 994 . DELL PENTIUM III, 1 .0 GHZ, 17" 2,865 . 2,040 . 825 . DELL PENTIUM III, 1 .0 GHZ COMPUTER 2,065 . 1,470 . 595 . DRAGON NATURALLY SPEAKING 158 . 113 . 45 . MS PROJECT 2000 WINDOW CD 439 . 312 . 127 . DELL PENTIUM III, 1 .0 GHZ COMPUTER 2,841 . 2,022 . 819 .

FORM 990-PF OTHER ASSETS STATEMENT 14

14,115,847 . 14,115,847 .



EXECUTIVE HIGH BACK BLACK LEATHER CHAIR 379 . 213 . 166 . INTUIT QUICKEN - 4 BASIC 2000 22 . 22 . 0 . NATURALLY SPEAKING PREFERRED 187 . 133 . 54 . LEXMARK OPTRA S ENVELOPE PRINTER 251 . 178 . 73 . CANNON PRINTER & BATTERY PACK 364 . 259 . 105 . EVERGREEN FIRELINE 116 . 82 . 34 . APC PERFORMANCE SURGE 148 . 105 . 43 . BINDING MACHINE 865 . 616 . 249 . INSTALLATION OF EQUIPMENT 1,381 . 983 . 398 . COMPUTER ATTACHMENTS 1,539 . 1,539 . 0 . 3 COM OFFICE CONNECT ISDN LAN MODEM 397 . 374 . 23 . HP SCANJET 5470CXI 357 . 185 . 172 . DELL OPTIPLEX GX240 PENTIUM 4 AND MONITOR 1,595 . 829 . 766 . DELL OPTIPLEX GX240 PENTIUM 2 1,774 . 923 . 851 . SYMANTEC ANTIVIRUS ENTERPRISE 745 . 387 . 358 . LATERAL FILES 5 DRAWER 4,524 . 1,754 . 2,770 . VERTICAL FILE 5 DRAWER 417 . 162 . 255 . DELL LATITUDE LAPTOP 2,540 . 1,321 . 1,219 . ADVANCED PORT REPLICATOR FOR DELL LATITUDE 365 . 190 . 175 . NEW GRANT SOFTWARE 100,866 . 47,631 . 53,235 . VIEWSONIC VE175B MONITOR 580 . 302 . 278 . BROTHER ELECTRIC TYPEWRITER 112 . 39 . 73 . GOOD CONTACTS SOFTWARE 228 . 42 . 186 . QUICKEN 2003 (5) COPIES 482 . 72 . 410 . SYMANTEX ANTI-VIRUS 425 . 57 . 368 . SAMSUNG ML 215IN PRINTER 667 . 100 . 567 . DELL OPTIPLEX SX270 1,320 . 198 . 1,122 . POWER VAULT 110T 3,974 . 199 . 3,775 . POWER EDGE SERVER 13,560 . 678 . 12,882 .

TOTAL TO FM 990-PF, PART II, LN 14 592,375 . 253,822 . 338,553 .

DESCRIPTION

PARTNERSHIP INVESTMENTS FOR 2004 BALANCE DUE ON TERMINATION OF PARTNERSHPS

TOTAL TO FORM 990-PF, PART II, LINE 15

BOOK VALUE

6,000,000 .

8,115,847 .

FAIR MARKET VALUE

6,000,040 .

8,115,847 .

FORM 990-PF PART VIII - LIST OF OFFICERS, DIRECTORS STATEMENT 16 TRUSTEES AND FOUNDATION MANAGERS

EMPLOYEE BEN PLAN EXPENSE CONTRIB ACCOUNT

0 . 0 .

SEC . & EXECUTIVE DIRECTOR 40

144,894 . 7,335 . 0 .

CHARLOTTE M . HEFFNER 501 UNUMPROVIDENT BLDG ., ONE FOUNTAIN SQUARE CHATTANOOGA, TN 37402



FORM 990-PF OTHER LIABILITIES STATEMENT 15

DESCRIPTION AMOUNT

PARTNERSHIPS - CAPITAL COMMITMENT 220,000 . UNUMPROVIDENT CORPORATION - LOAN FOR OFFICE IMPROVEMENTS 45,069 . MISCELLANEOUS 188 . CALL EXERCISABLE IN 2004 64,055 .

TOTAL TO FORM 990-PF, PART II, LINE 22, COLUMN H 329,312 .

NAME AND ADDRESS

HUGH O . MACLELLAN, JR . 501 UNUMPROVIDENT BLDG ., ONE FOUNTAIN SQUARE CHATTANOOGA, TN 37402

THOMAS H . MCCALLIE, III 501 UNUMPROVIDENT BLDG ., ONE FOUNTAIN SQUARE CHATTANOOGA, TN 37402

FRANK A . BROOK 501 UNUMPROVIDENT BLDG ., ONE FOUNTAIN SQUARE CHATTANOOGA, TN 37402

G . RICHARD HOSTETTER 501 UNUMPROVIDENT BLDG ., ONE FOUNTAIN SQUARE CHATTANOOGA, TN 37402

PAT MACMILLAN 501 UNUMPROVIDENT BLDG ., ONE FOUNTAIN SQUARE CHATTANOOGA, TN 37402

TITLE AND COMPEN-AVRG HRS/WK SATION

PRESIDENT & TRUSTEE 40

0 .

TRUSTEE 1

TRUSTEE 1

TRUSTEE 1

V .PRESIDENT & TRUSTEE 1

0 . 0 . 0 .

0 . 0 . 0 .

0 . 0 . 0 .

0 . 0 . 0 .


ROBERT H . MACLELLAN TREASURER & TRUSTEE 501 UNUMPROVIDENT BLDG ., ONE 1 FOUNTAIN SQUARE CHATTANOOGA, TN 37402

RONALD W . BLUE TRUSTEE 501 UNUMPROVIDENT BLDG ., ONE 1 FOUNTAIN SQUARE CHATTANOOGA, TN 37402

DUDLEY PORTER, JR . TRUSTEE EMERITUS 501 UNUMPROVIDENT BLDG ., ONE 1 FOUNTAIN SQUARE CHATTANOOGA, TN 37402

MRS . R . L . MACLELLAN TRUSTEE EMERITUS 501 UNUMPROVIDENT BLDG ., ONE 1

62-6041468

0 . 0 . 0 .

0 . 0 . 0 .

0 . 0 . 0 .

STATEMENT S) 16 59

FOUNTAIN SQUARE 0 . 0 . 0 . CHATTANOOGA, TN 37402

TOTALS INCLUDED ON 990-PF, PAGE 6, PART VIII 144,894 . 7,335 . 0 .

BEAR, STEARNS SECURITIES CORP .--NOMINEE Capital Gains

11112003 Through 12J3112003

LONG TERM

Cognos Inc 600.000 51612002 517/2003 16,413.84 12,884.34 3,529.50 KrogerCo 1,600.000 1/1612002 5/2112003 23,898.23 33,012.80 -9,114.57 Kroger Co 90 .000 411612002 5!2112003 13,442.76 20,209.41 -6,768.65 Advo Inc 900.000 1117/2002 fi/1212003 38,570.30 34,272.00 4,298.30 Caliaway Golf Co 2,000.000 112512002 611212003 26,140 .37 34,159.60 -8,019.23 Electronics For Imaging Inc 3,300.000 fi/2M2002 7/712003 69,002.39 52,846.53 16,155.86 RFS Hotel Investors 3,200.044 1/t412002 711912003 39,520.00 38,662.08 857.92 Intl Game Technology 1,800.000 111412002 8/fi12003 44,317.33 29,463.57 14,853.76 Cognos inc 300.000 51fi12002 8113/2003 8,370.23 6,442.17 1,928.06 Stratos Lightwave Inc 550.000 21fi12002 818/2003 3,200.18 24,506.35 -21,306.17 Thomas Industries Inc 1,500.000 2I8/20Q2 8125/2003 41,358.00 37,470.00 3,888.00 Parkplace Entertainment 4,200.000 211412002 91212003 36,074.19 38,783.22 -2,709.03 Federated Department Stores 1,OOU.000 711fi12002 91312003 45,154.68 35,521 .60 9,633.08 Radioshack Corp 1,200.000 2/512002 91312003 36,688.27 34,176.24 2,512.03 Radioshack Corp 300.000 fi118/2Q02 91312003 9,172 .07 9,015.31 156.76 RadioshackCorp 1,400.000 812112002 91312003 42,802.99 33,547.08 9,255.91 Andrew Corp 3,200.000 412312002 91412003 40,529.61 53,845.12 -13,315.51 Scientific Atlanta 500.000 2115/2002 919/2003 17,463.03 11,423.00 6,440.03 Valassis Communications 900.000 119712002 911812003 25,043.30 32,533.11 -7,489.81 Intl Game Technology 2,000.000 111412002 9/24/2003 57,945.48 32,737.30 25,208.18 Intl Game Technology 200.000 111412002 1UI13/20Q3 6,083.45 3,273.73 2,809.72 Intl Game Technology 700.000 112512002 10/13/2003 21,292.09 11,240.18 10,051 .91 Cigna Core 300.000 1/2312002 111312003 16,801 .43 27,425.71 -10,624.28 Cigna Corp 100.000 21612Q02 11/3/2003 5,600.48 8,987.56 -3,387.08 Intl Game Technology 1,100.000 1/2512002 111312003 36,232.74 17,663.14 18,569.60 Intl Game Technology 200.000 112512002 12118/2003 7,345.83 3,211 .48 4,134.35 Intl Game Technology 1,600.U00 3/2712002 12N812003 58,766.68 24,874.60 33,892.08

TOTAL LONG TERM

OVERALL TOTAL 9Ti;U45536 82,9133

Page 1

Security Shares Bought Sold Gross Proceeds Cost Basis Realized Gain

SHORT TERM

Interstate Bakeries 3,104.000 41212002 113012003 45,661 .34 74,629.40 -28,9fi8.10 Cognos Inc 200.000 516/2002 4115/2003 5,172.61 4,294.78 877.83 Cognos Inc 300.000 51612002 411712003 8,044.48 6,442.17 1,602.31 Cognos Inc 340.000 51612002 412412003 8,061 .07 6,442.17 1,815.90 Tyson Foods Inc 3,200.000 912612002 5/16/2003 29,839.55 38,992.00 -9,152.45 Advo Inc 700.000 10/112002 6112/2003 29,999.12 19,899.67 10,099.45 Callaway Golf Co 1,000.000 915/2002 6/1212003 13,070.18 14,839.20 -1,769.02 Dow Jones & Co 1,300.000 3/12/2003 10/9/2003 66,950.76 43,718.74 23,232.02

TOTAL SHORT TERM 206, 799.97 209,258.13 -2,459.06

.

MERRILL LYNCH--NOMINEE

Capital Gains 11112003 Through 12/31/2003

Bought Sold Gross Proceeds Cost Basis

Page 1

Realized Gain Security Shares

LONG TERM

~.r

American Financial Grp 3,500.000 512812002 111712003 81,756.16 93,801.75 -12,045.59 Stewart lnfb Svc 600.000 6119/2002 'I?J112003 23,363.50 10,998.96 12,364.54 FBL Finl Group 4,900.000 61'(9/2002 12!18I2003 123,977.90 143,176.36 20,$01.54

TOTAL LONG TERM 2U7,97 21,120.49

OVERALL TOTAL 229,09 1.56 2U7,97 21,120.49

THE MACLELLAN FOUNDATION, INC.

THROUGH CSFB, LLC-NOMINEE

CAPITAL GAINS AND LOSSES, PART N

Gross Sales Price

Cost or Gain or Other Basis (Loss)

60,088.37 56,384.17 3,704.20 70,350.37 53,018.14 17,332.23 25,433.72 26,689.54 (1,255.78)

155.872.46 136.091 .81 19.780 .65 Totals

SHORT-TERM CAPITAL GAIN OR (LOSS):

Account 2A7-003045 " Account 2A7-003029

Account 2A7-003052 Account 2A7-003037 Account 2F7-701191 Account 2A7-004589 Account 2A7-004571

Totals

LONG-TERM CAPITAL GAIN OR (LOSS):

Account 2A7-003045 Account 2A7-003029 Account 2A7-003037

1,091,811 .12 1,036,808.16 55,002.96 1,217,454.03 1,190,830.37 26,623.66 1,776,032.15 1,525,270.08 250,762.07 492,439.12 497,256.95 (4,817.83) 179,726.63 162,475.03 17,251 .60 73,136.25 67,533.25 5,603.00 82,824.07 84,939.05 (2,114.98)

4,213.42 34.565.112.8 48~ 310.48

Brocade Communication. . . 187.000 11/2012002 11812003 1,034.11 1,170.62 -136.51 Brocade Communication... 455.000 1112512002 118/2003 2,516.15 2,443.35 72.80 Brocade Communication... 32.000 12/1812002 1/8/2003 176.96 150.72 26.24 Cerus Corp Cam 149.000 11/20/2002 111412003 2,477 .18 2,805.67 -334.49 Cerus Corp Cam 217.000 1112512002 111412003 3,598.96 4,999.68 -1,400.72 Medtronic Inc 390.000 11/20120Q2 112712003 16,999.09 18,794.10 -1,795.01 Medtronic Inc 160.000 1112512002 112712Q03 6,973.98 7,756.80 -782.82 Marsh & McLennan 107.000 1112012002 1128p2003 4,505.91 5,003.32 -497.4'! Marsh R McLennan 210.000 11/2512002 1I2812U03 8,843.37 9,733.50 -890.13 Applied Materials 153.000 11/2012002 1/3112003 1,782.78 2,425.05 -642.27 Applied Materials 250.000 1112512002 1131/2003 2,913.05 4,207.50 -1,294.45 Applied Materials 398.000 11/26/2002 1/3112003 4,637.57 6,612.84 -1,97527 Applied Materials 157.000 1211812002 113112003 1,829.39 2,081.82 -252.43 Taiwan Semiconductor 748.000 11120/2002 1131/2003 4,989.17 6,066.28 -1,077.14 Taiwan Semiconductor 1,219.000 11/25/2002 11312003 8,130.75 10,873.48 -2,742.73 Taiwan Semiconductor 250.000 12/1812002 1/3112003 1,667.50 1,831 .40 -163.90 Surmodics Inc Cam 179.000 1112012002 2/12/2003 4,923.08 6,007.24 -1,084.1fi Surmodics Inc Cam 347.000 11125/2002 211212003 9,543.63 11,516.58 -1,972.95 Schering-Plough Corp 41$.000 11/2012002 3/5/2003 6,938.80 9,162.56 -2,223.76 Schering-Plough Corp 751 .000 1112512002 3/5/2003 12,466.60 17,017.86 -4,551 .06 Freddie Mac 81 .000 11/20/2002 3124120Q3 4,412.88 4,721 .49 -308.61 Freddie Mac 147.000 1112512002 312412003 8,008.56 8,650.95 -642.39 Freddie Mac 213.000 112812003 3/24/2003 11,604.24 11,981 .25 -377.01 Freddie Mac 156.000 311112003 3/24/2003 8,498.88 8,073.00 425.88 FNMA Cam 80.000 1112012002 3I24I2003 5,336.80 5,096.80 240.00 FNMA Cam 130.000 11/25!2002 3/24/2003 8,672.30 8,283.60 388.70 FNMA Cam 1 .000 3/1112003 312412003 68.71 59.67 7.04 SAP 559.000 11812003 4/1512003 13,472 .29 13,315 .38 156.91 Johnson & Johnson 313.000 1112012002 5I13I2003 17,338.43 18,620 .37 -1,281 .54 Johnson & Johnson 247.000 1112512002 5/1312003 13,682.41 14,372.93 -690.52 Alters Core 101 .000 1112012002 5/2212003 1,745.28 1,212.00 533 .28 Alters Corp 144.000 1112512002 512212003 2,488.32 2,111 .04 377.28 Attera Corp 215.000 11126/2002 512212003 3,715.20 3,072.94 642 .26 Alters Corp 61 .000 1219812002 5/2212003 1,054.08 717.36 336.72 Alters Cory 430.000 111012003 512212003 7,430.40 6,231 .63 1,198.77 Analog Devices Inc 82.000 1112012002 512212003 2,863.53 2,468.20 395.33 Analog Devices Inc 147.000 1112512002 512212003 5,133.40 4,508.49 624.91 Analog Devices Inc 17.000 12/1812002 512212003 593.66 428.06 165.60 Analog Devices Inc 240.000 1/10124Q3 512212003 8,381 .07 6,902.46 1,478.61 First Data Cow 382.000 1112012002 512212003 15,110.97 12,797.00 2,313.97 First Data Corp 368.000 1112512002 512212003 14,557.16 12,670.24 1,886.92 Lexmark Int1 75.000 1112412002 512312003 5,275.67 4,68825 587.42 Lexmark Intl 130.000 1112512002 512312003 9,144.50 8,586.50 558.00 Johnson & Johnson 368.000 1112512002 61512003 19,121 .28 21,413.92 -2,292.64 Abercrombie & Fitch 439.000 2/1912003 611212003 11,649.77 12,673.44 -1,023.67 Ball Corp 150.000 1112012002 611712003 7,240.22 6,918.00 322.22 Ball Corp 271 .000 1112512002 611712003 13,080.67 12,921 .28 159.39 Merck & Co Inc 160.000 1112012002 6120!2003 10,097.95 9,240.00 857.95 Merck & Co Inc 70.000 1112512002 612012003 4,417.86 4,194.40 223.46 Fedex Corp Cam 198.000 1112012002 612412003 11,979.98 10,351 .44 1,628.54 Fedex Corp Cam 382.004 1112512042 612412003 23,112.89 19,875.46 3,237.43 HCA Inc 308.000 3114120Q3 613012003 9,856.00 12,488.18 -2,632.18 HCA Inc 153.000 4/1712003 6130/2003 4,896.00 4,329.90 566.10 Gallagher Arthur J & Co 190.000 1112012002 71212003 5,120.56 5,122.40 -1 .84 Gallagher Arthur J & Co 352.000 1112512002 71212003 8,486.50 9,782.08 -295.58 Lockheed Martin 108.000 1112012002 71212003 5,189.67 5,529.60 -339.93 Lockheed Martin 207.000 1112512002 7/212003 9,946.86 10,507.32 -560.46 Amgen Inc 177.000 1112012002 711812003 12,447.50 8,163.24 4,284.26 Amgen Inc 63.000 1112512002 7/1812003 4,430.47 2,928.24 1,502.23 EmulexCorp 280.000 111012003 712912003 5,863.41 7,005.60 -1,142.19 Emulex Corp 340.000 71212003 7129120x3 7,119.85 8,010.26 -890.41

CSFB, LLC--ACCOUNT ZA7-003045 Capital Gains

111/2003 Through 12/3112003 Page 1

Security Shares Bought Sold Gross Proc . . . Cost Basis Realized G...

SHORT TERM

Security Shares Bought Sold Gross Proc . . . Cost Basis Realized G. .. KLA Tencor 300.000 512!2003 7129/2003 15,703.57 12,626.68 3,076.89 Merck & Co Inc 230.000 1112512002 8/412003 12,378.60 13,781 .60 -1,403.00 Dell Inc 487.000 11120I2Q02 81812003 15,115.95 14,493.78 1,022.17 Dell Inc 403.000 1112512002 81812003 12,508.69 11,400.87 1,107.82 Devon Energy Corp 249.000 212612003 811112003 12,938.04 12,472.70 465.34 Fluor Corp 557.000 311712003 8/1112003 18,889.41 18,909.11 -19.70 Jacobs Eriginnering 304.000 311712003 811112003 13,151 .50 12,461 .43 690.07 Amgen Inc 180.000 1112512002 812712003 11,795.95 8,366.40 3,429.55 Boston Scientific 224.000 511312003 812712003 13,930.73 10,558.60 3,372.13 Fiserv inc 339.000 11/20/2002 812712003 13,255.41 10,783.59 2,471 .82 Fiserv Inc 211 .000 11P2512002 812712003 8,250.42 7,119.14 1,131 .28 Medtronic Inc 270.000 11/25/2002 812712003 13,524.30 13,089.60 434.74 TEVA Pharmaceutical 190.000 512012003 $/2712003 11,035.34 8,759.33 2,276.01 Wyeth 246.000 1112012002 82712003 10,514.25 9,121 .68 1,392.57 Wyeth 154.000 1112512002 812712003 8,582.09 5,690.30 891 .79 Medtronic Inc 295.000 11/25/2002 91212Q03 14,485.08 14,301 .60 183.48 American Intemationat Gr. . . 104.000 11120/2002 9/2512003 6,032.24 6,950.32 -918.12 American International Gr. . . 207.000 11125/2002 912512003 12,006.40 73,479.84 -1,473.44 American International Gr. . . 18.000 1211812002 9/25/2403 1,044.03 1,055.88 -11 .85 Clear Channel Communi. .. 119.000 1112012Q02 912512003 4,580.58 4,720.73 -140.15 Clear Channel Communi. .. 208.000 1912512002 9125/2003 8,006.38 8,596.64 -590.26 Cumulus Media Inc 141 .000 11/20/2002 912512003 2,354.85 2,330.73 24.12 Cumulus Media Inc 239.000 1112512002 812512003 3,991 .55 4,294.83 -303.28 Cumulus Media Inc 63.000 1211812002 9/2512003 1,052.17 929.25 122.92 First Data Corp 310.000 1112512002 9/2512003 12,716.20 10,673.30 2,042.90 First Data Corp 30.000 1211812002 912512003 1,230.60 1,087.50 143.10 Viacom 104.000 1112012002 912512003 4,045.60 4,654.00 -608.40 Vacom 993.000 1112512002 912512003 7,507.70 8,889.58 -1,381 .88 Viacom 12.000 1218/2002 912512003 466.80 499.32 -32.52 Vacom 170.000 111012003 912512003 6,613.00 7,274.30 -661 .30 Texas Instruments 19.000 1112012002 101812003 466.51 332.69 133.82 Veritas Software 18.000 5/212003 101812403 621 .02 417.39 203.63 Wal Mart 21.000 1112012002 101812003 1,224.30 1,123.50 100.80 Walgreen Co 12.000 111012003 10/8/2003 394.08 387.00 7.08 Wells Fargo 298.000 1112012002 10/812003 16,479.49 13,991 .10 2,088.39 Wells Fargo 53.000 1'f12512002 10/812003 2,859.77 2,487.82 371 .95 Coach Inc 36.000 1211912002 1018/2003 1,040.40 587.69 452.71 Fastens! Co 15.000 1!1012003 1018/2003 635.40 537.77 97.63 Apache Corp 131 .000 11120/2002 10/812Q03 9,354.61 6,504.79 2,849.82 Applied Materials 21 .000 712912003 101812003 418.95 407.97 10.98 Autozone Inc 49.000 11/2012002 101812003 4,526.62 4,057.69 468.93 Bank of America 232.000 6/412043 101812003 18,590.16 17,613.44 976.72 Bentley W R Corp 124.000 1112012002 101812003 4,506.57 3,212.18 1,294.39 Best Buy Inc 35.00 3/39/2003 101812003 1,775.55 956.99 818.56 Kelly Svcs Inc 11 .000 6/1212003 101812003 298.78 272.81 25.97 Kohls Corp 14.000 11I2012002 1018/2003 768.04 895.44 -127.40 Pfizerlnc 523.000 1112012002 1018120Q3 16,040.41 17,044.57 -1,004.16 Pfizer Inc 54.000 11125/2002 10/812003 1,656.18 1,704.24 -48.06 Phelps Dodge 11 .000 8111/2003 101812003 588.50 481 .03 107.47 Health Management 1,090.000 8RI2003 10/2212. . . 24,706.26 22,008.57 2,697.69 Health Management 131 .000 101612003 10!2212. . . 2,969.29 2,948.81 20.48 Best Buy Inc 115.000 313112003 10/2412. . . 6,231 .85 3,144.41 3,087.44 Applied Materials 909.000 712912003 10127/2. . . 18,866.63 17,659.31 1,207.32 Applied Materials 250.000 101612003 1012712. . . 5,188.84 4,807.50 381 .34 Amgen Inc 222.400 1112512002 111412003 13,710.55 10,318.56 3,391 .99 Amgen Inc 59.000 101612003 11/412003 3,643.79 3,793.70 -149.91 Prudential Finl Inc 78.000 1112012002 11/412003 2,961 .52 2,264.34 697.18 Prudential Finl Inc 147.000 1112512002 11/412003 5,581 .32 4,379.13 1,202.19 Prudential Finl Inc 18.000 101612003 11/412003 683.43 678.08 5.37 Wyeth 348.000 11/25/2002 11/10/2. . . 13,519.80 12,858.60 661 .20 Wyeth 180.000 812812003 1111012. . . 6,993.00 7,660.37 -667.37 Wyeth 54.000 1016/2003 11/'i0/2 . . . 2,097.90 2,542.86 -444.96 Wal Mart 305.000 11/2012002 11/1412 . . . 16,674.35 16,317.50 356.85 Wal Mart 343.000 11/25/2002 11/1412. . . 18,751 .81 18,309.34 442.47

CSFB, LLC--ACCOUNT 2A7-003045 Capital Gains

1/112003 Through 1213112003

Security Shares Bought Sold Gross Proc. . . Cost Basis Realized G.. . Kohls Corp 33.000 72118/2002 12/3/2003 1,504.80 1,941 .72 -436.92 Kohls Corp 230.000 1Q/612003 '!21312U03 10,488.00 12,346.40 -1,858.40 Best Buy Inc 333.000 3131/2003 1214/2003 18,031 .95 9,105.12 8,926.83 Best Buy Inc 90.000 511612003 121412003 4,873.50 3,294.63 1,578.87 Flextronics In#I 10.000 1211812002 1211112. . . 145.82 84.73 61 .09 LAM Research 48.000 12118I2002 1211112.. . 1,498.88 523.68 975.20 LAM Research 448.000 101812003 1211112 . . . 13,989.57 11,582.39 2,407.26 Symantec Corp 584.000 3/612003 12111/2. . . 19,264.99 - 12,386.89 6,878.10 Symantec Cory 542.000 101812003 1211112. . . 17,879.50 17,528.79 350.71 Nokia Corp 888.000 411112003 1211812. . . 15,248.96 12*911 .52 2,335.44 Nokia Corp 490.000 812812003 1211812. . . 8,413.30 7,982.10 431 .20 Nokia Corp 257.000 10/8/2003 1211812. . . 4,412.69 4,309.89 102.80 Qualcomm Inc 16.000 1211812002 12/18/2.. . 808.35 693.12 195.23 Qualcomm Inc 80.000 101612003 12/1812. . . 4,04'! .73 3,501 .60 540.13 Boston Scientific 440.000 511312003 1211912... 15,334.00 10,558.60 4,775.40 Boston Scientific 112.000 101612003 1211912. . . 3,903.20 3,634.40 268.80 Boston Scientific 36.000 1Q1812003 1211912.._ 1,254.60 't,938 .32 116.28

TOTAL SHORT TERM T2

LONG TERM

Kohls Corp 123.000 11/20/2002 121312003 5,608.80 7,867.08 -2,258.28 Kohls Corp 278.000 1112512002 1213/2003 12,678.80 18,400.82 -5,724.02 Flextronics Intt 1,155.000 1112612002 1211112. . . 16,842.58 12,654.49 4,188.09 LAM Research 89.000 1112012002 12/1112. . . 2,779.18 1,212.18 1,567.00 LAM Research 133.000 1112512002 12/1112.. . 4,153.15 2,088.10 2,065.05 Texas Instruments 85.000 1112012002 1211112.. . 1,860.95 7,138.15 722.80 Qualcomm Inc 168.000 1112212002 1211812. . . 8,487.63 6,823.27 1,664.36 Qualcomm Inc 152.000 121312002 12/1812. . . 7,679.28 6,200.08 1,479.20

TOTAL LONG TERM -~37 563,384.17 ---3,704-.2iTT

OVERALL TOTAL TT5~S9~~i9 -3H;70T.T6


1/112003 Through 12/31120U3

SHORT TERM

EOG Res Inc 125.000 1214/2002 111712003 4,918.75 4,855.00 , 63.75 Firstenergy Corp 155.000 121412002 1/1712003 4,971 .22 4,719.75 . 251 .47 Lattice 1,105.000 121412002 111712003 9,705.55 , '!0,309.83 -604.28 Nucor Corp 85.000 121412002 111712003 3,663.50 4,090.20 -426.70 Paccar Inc 180.000 121412002 1/1712003 8,402.46 8,705.34 -302.88 Ross Stores Inc 125.000 121412002 111712003 5,653.42 5,636.25 17.17 Wemer Enterprises 400.000 1214/2002 1/21120Q3 7,762.01 8,893.66 -1,131 .65 Outback Steakhouse 325.000 1214/2002 1/2212003 10,920.00 11,290.50 -370.50 Mercantile Bankshares C. . . 70.000 121412002 1/23I20U3 2,713.20- 2,781 .49 -68.29 Ross Stores Inc 550.000 12/412002 2/512003 21,201 .56 24,799.50 -3,597.94 Interstate Bakeries 1,510.000 121412002 211412003 14,496.00 35,092.40 -20,596.40 Interstate Bakeries 615.000 1211812Q02 211412003 5,904.00 9,341 .85 -3,437.85 Interstate Bakeries 200.000 1122/2003 2/1412003 1,920.00 3,070.00 -1,150.00 National Processing 1,850.000 1214/2002 2/14/2003 24,142.50 . 27,634.00 -3,491 .50 Republic Svcs 950.000 12/412002 2/2112003 18,382.50 19,921 .50 -1,539.00 Cooper Inds Ltd 52.000 121412002 2I28/2Q03 1,992 .12 1,912.04 80.08 Republic Svcs 900.000 121412002 2128/2003 17,100.00 18,873.00 -1,773.00 Cooper Inds Ltd 23.000 121412002 3I3I2003 879.98 845.71 34.27 EOG Res Inc 265.000 12/M2002 31312003 10,812.00- 10,292.60- 519.40 BJS Whsl 1,665.000 121412002 314/2003 18,148.50 31,533.15" -13,384.65 BJS Whsl 365.000 2/10/2Q03 31412003 3,978.50 5,110.00 " -1,131 .50 Leggett & Platt Inc 275.000 2/1212003 316/2003 5,073.75 5,369.54 -295.79 Mercantile Bankshares C.. . 1,040.000 12/4/2002 3/1412003 34,315.2 4'1,325.01 -7,009.69 King Pharmaceuticals 233.000 121412002 311812003 2,830.95 4,331 .47 -1,500.52 King Pharmaceuticals 1,752.000 12/412002 311912003 20,971 .79- 32,569.68 -17,597.89 Paccar Inc 160.000 1214/2002 4/912003 8,752.00 7,738.08 1,013.92 City Natt Corp 700.000 12/412002 412312003 28,456.77- 30,975.00 , -2,518.23 Synopsys Inc 160.000 121412002 511/2003 7,881 .30 7,735.30 146.00 Kimco Realty Corp 555.000 12/11/2002 515/2Q03 20,499.87- 17,364.59 3,135.28 Kimco Really Corp 255.000 121111202 511912003 9,514.59 7,978.32 1,536.27 Kimco Realty Corp 365.000 1/23/2003 5/1912003 13,818.92 11,315.00 2,303.92 Payless Shoesource Inc 848.000 1214/2002 61912003 11,872.00- 16,009.50 -4,137.50 Payless Shoesource Inc 757.000 121412002 6110120Q3 10,599.58 14,291 .50 -3,691,92 Paccar Inc 645.000 121412002 611712003 45,627.30 31,194.14 14,433.76 Omnicare Inc 30.000 12/412002 71712003 1,009.20 668.40 340.80 Omnicare Inc 455.000 1214/2002 71712003 15,363.52 10,137.40 5,226.12 FPL Group 700.000 12/412002 71912003 44,913.26 , 40,621 .00 4,292.26 Ambac Financial 640.000 121412002 7124/2003 41,927.56 , 39,087.80 2,839.78 Boise Cascade 640.000 1N512003 7/25!2003 15,744.00 17,581 .01 -1,837.01 Jefferson Pilot Corp 160.000 31312003 81512003 6,936.42- 6,082.00 854.42 Jefferson Pilot Corp 455.000 3/312003 8/612003 19,529.97 17,295.70 2,234.27 Jefferson Pilot Corp 305.000 3/412003 81612003 13,091 .52 11,473.78 1,617.74 Boise Cascade 45.000 111512003 81812003 1,14 8.25 1,236.17 -117.92 Boise Cascade 100.000 112112003 818/2003 2,485.00 2,668.90 -183.9Q Boise Cascade 565.000 112212003 81812003 14,040.25 15,006.65 -966.40 Lattice 1,950.400 12J412002 8/1212003 13,908.65 ' 18,193.82 -4,285.17 lattice 1,885.000 12/412002 8/1412003 14,312.61 17,587.36 -3,274.75 BJS Whsl 115.000 411112003 911612003 2,349.45 1,591 .90 757.55 Tellabs Inc 140.400 ih712003 9/16/2003 1,016.40- 7,203.36 -186.96 EOG Res Inc 350.000 7214/2002 10/612003 14,878.50- 13,594.00 1,284.50 Firstenergy Corp 430.000 121412002 101612003 13,759.90 13,093.50 . 676.40 Hancock John Fin[ 510.040 811012003 10/6/2003 17,334.90 , 16,013.89 1,321.01 Hibemia Corp 755.000 1/15/2003 10/6I2D03 16,104.75 15,102.85 1,091.90 Insight 1,020.000 121412002 101612003 10,281.60- 14,743.92 -4,462.32 Jabil Circuit Inc 560.000 121412002 101612003 15,904.00 11,172.00 4,732.00 Janus Capital Group 1,075.000 121412002 1016/2003 16,060.50 15,168.25 892.25 Leggett & Platt Inc 640.000 211212003 1016/2003 14,297.60- 12,496.37 1,807 .23 North Fork 420.000 5/2912003 10/612003 15,321,.60 13,586.33 1,735.27 Novellus System Inc 395.000 12I412Q02 10/fi12003 14,097.55 12,624.55 1,473.00 Nucor Corp 345.000 121412002 10/612003 16,753.20 16,601 .40 151 .80 Omnicare Inc 415.000 1214/2002 10/612003 14,927.55 , 9,246.20 5,681 .35

CSFB, LLC--ACCOUNT 2A74003U29

Capital Gains 111/2003 Through 1213912003

Security Shares Bought Sold Gross Proc . . . Cost Basis Realized G. . .

Capital Gains 1/1/2003 Through 12/39/2003

Page 2

1,190,830 .37 26,623 .66

LONG TERM

Jabil Circuit Inc 431 .000 121412002 92/1012. . . 10,994.29 8,598.45 2,395,84 Jabil Circuit Inc 460.000 121412002 12/1112. . . 12,036.04 9,177.40 2,859.04 Jabil Circuit Inc 164.000 12/412002 12/1112. . . 4,178.30 3,271 .80 906.50 Novellus System Inc 365.000 121412Q02 12/1512.. . 14,962.01 11,665.72 3,296.29 Synopsys Inc 424.000 121412002 12119/2.. . 14,197.43 10,249.28 3,948.15 Synopsys Inc 16.000 12/4/2002 1212212. . . 13,982 .30 10,055 .89 3,926.41

TOTAL LONG TERM 70,350 .37 53,018-14 17,332 .23

CSFB, LLC--ACCOUNT 2A7-003029

Security Shares Outback Steakhouse 260.000 PPL Corp 415.000 Polaris Industries 170.000 Rouse Ca 365.000 Cooper Inds Ltd 435.000 Amerus Group 465.000 BJS Whsl 715.000 Sanknorth Group Inc 60Q.000 Certegy Inc 216.000 Certegy Inc 249.000 Certegy Inc 60.000 Del Monte Foods 1,600.000 Dun & Bradstreet 380.000 Ensco Intl 565.000 Sungard Data Sys 540.000 Synopsys Inc 400.000 Tellabs tnc 1,885.000 Valassis Communications 565.000 Viad fi40.000 Wemer Enterprises 840.000 B.1S Whsl 710.000 Hancock John Finl 120.000 Hancock John Finl 630.000 Hancock John Finl 225.000 Firstenergy Corp 260.000 Firstenergy Corp 275.OOQ Firstenergy Coop 280.000 Dun & Bradstreet 95.000 Nucor Core 120.000 Certegy Inc 125.000 Viad 50.000 B.fS Whsf 270.000 Novellus System Inc 380.000 BJS Whs) 390.000 Jabi! Circuit Inc 10.000 Novellus System Inc 15.000 Synopsyslnc 110.000

TOTAL SHORT TERM

Bought Sold Gross Proc_. . Cost Basis Realized G... 1214/2002 101612003 10,262.20 9,032 .40 1,229.84 7/2812003 10/612003 17,382.35 76,927.45 454.90 1214/2002 1016/2003 13,244.70 10,589.30 2,655.40 712412003 10/612003 15,782.60 14,234.93 1,547.67 121412002 10/612003 22,132.80 15,994.95 6,137.85 81712003 iQ1612003 16,507.50 14,171 .57 2,335.93

4/11/2003 10/6/2003 14,714.70 9,897.46 4,8'17.24 12/412002 10/612003 17,334.00 13,276.98 4,057.02 61312003 101612003 7,117.20 6,049.81 1,907.39 61412003 10/612003 8,204.55 6,983.25 1,221 .30 6!912003 101612003 1,977.00 1,739.73 237.27

2119/2003 101612003 14,448.00 , 13,280.00 1,168.00 121412002 10/612003 16,332.40 13,438.83 2,893.57 121412002 10/6/2003 16,095.85 16,125.10 -28.25 12/412002 10/612003 15,314.40 12,355.20 2,959.20 12/4/2002 101fi12003 11,1 04.00 9,669.13 1,434.87 1/17/2003 10/6/2003 14,326.00 16,202.38 -1,876.38 5119/2003 10/612003 15,198.50 14,520.50 678.00 1214/2002 101612003 15,641 .60 14,444.80 1,196.80 121412002 101fi12003 16,338.00 14,942.86 1,395.14 4111/2003 10N6/2. . . 18,055.30 9,828.25 8,227.05 6/10/2003 10/16/2. . . 4,088.57 3,767.97 320.60 611712003 1011612. . . 21,46 .01 20,439.59 1,025.42 712212003 10/1612. . . 7,666.08 7,177.50 488.58 12/412002 10/24/2. . . 8,832.77 7.917.00, 915.77 1214/2002 1012712. . . 9,353.14 8,384 .16 968 .98 1214/2002 10/2712. . . 9,534.00 8,536 .59 997 .41 12!412002 11/512003 4,441 .09 3,359.71- 1,481 .38 12/412002 11812003 6,576.00 5,774.40 801 .60 6/912003 11119/2. . . 4,100.06 3,824.44 475.62

121412002 1111912. . . 1,212.6G 1,128.50 84.10 4/11/2003 1112512. . . 6,929.48 3,737.50 3,191 .98 1214/2002 11/2512. . . 16,819.05 12,145.13 4,673.92 4/1112003 1218I2003 9,105.02 5,398.61 3,706.41 9/1612003 1211112. . . 254.77 288.60 -33.83 9/1612003 12/15/2 . . . 614.88 569.55 45.33 10/2/2003 1212212 . . . 3,697.24 3,132.83 564.41

R&G Fin! Coop 85.400 1112412002 1/15/2003 2,118.50 2,194.85 -76.35 RAG Finl Corp 1,785.000 11/2112002 1/22/2003 39,202.88 41,240.15 -2,037.27 Veeco Instrs Inc 2,450.000 11121/2002 3/1712003 41,699.00 28,798.69 12,900.31 CYTYC Corp 1,440.000 11/2112002 419/2003 19,633.93 13,752.33 5,881.60 Benihana Inc 3,540.000 11/2112002 5/712003 36,340.0 45,100.00 -8,760.00 Delta + Pine Ld 400.000 11/21/2002 5h612003 9,432.38 8,082.49 1,349.89 Multimedia Games Inc 1,010.000 11/2112002 511612003 23,384.83 23,493.57 -108.74 Martek Biosciences 710.000 11121/2002 511612003 25,664.08 13,474.79 12,189.29 Delta + Pine Ld 1,020.000- 1112112002 511912003 23,426.54 20,610.35 2,816.19 Delta + Pine L,d 279.000 1112112002 511912003 6,484.81 5,637.54 843.27 Delta f Pine Ld 421 .000 1112112002 5121/2003 9,717.02 8,506.82 1,210.20 Multimedia Games Inc 870.000 11/2112002 5/30/2003 20,880.00 20,237.03 642.97 Multimedia Games Inc 580.000 1112512002 513012003 13,920.00 14,412.42 -492.42 Rogers Corp 1,720.000 11121/2002 6N2/2003 55,931.88 42,868.60 13,063.28 Planar Systems inc 2,320.000 11121/2002 6N3/2003 42,859.21 44,044 .00 -1,184.79 Navigant lnti Inc 1,285.040 11/21/2002 6/23/2U03 16,417.16 14,649.00 1,768.16 Navigant Intl Inc 1,029.000 1112112002 6124/2003 13,478.15 11,730.60 1,747.55 Navigant Intl Inc 891 .000 1112'!12002 6125/2003 11,276.76 10,157 .40 1,119.36 Navigant Ind Inc 565.000 1112112Q02 612612003 6,874.24 6,441.00 433.24 Drexder Technology 392.000 11/2112Q02 71812003 5,785.02 6,547.57 -762.55 DrexierTechnology 214.000 1112112Q02 719/2003 3,094.08 3,574.44 -480.36 Drexler Technology 179.000 1112112002 7!10/2003 2,578.14 2,989.84 -411.70 Martek Biosciences 100.000 1112112002 711112003 4,641 .91 1,897.86 2,744.05 DrexIerTechnology 1,885.000 91121/2002 7/16/2003 32,186.38 31,485.15 707 .23 Polaris Industries 680.000 11121/2402 711612003 50,487.76 43,384.00 7,103.76 Dorai Fin! Corp 220 .000 11121/2002 8/1312003 9,053.37 5,881 .07 3,172.30 Doral Finl Corp 1,420 .000 11121120Q2 811912003 57,409.18 37,959.63 19,449.55 Martek 8iosciences 500.000 1112712002 8/19/2003 24,286.37 9,489.29 14,797.08 Cantel Medical Group 104.000 1212412002 812012003 1,342.38 1,430.00 -87.62 Cantel Medical Group 780.000 1212612002 812012003 10,067.85 70,733.42 -665.57 Camel Medical Group 3.000 12127/2002 8/2012003 38.72 40.95 -2.23 Ceradyne Inc Calif 114.000 3117/2003 812012003 2,724.60 1,031 .99 1,692.61 CYTYC Corp 1,300.000 1112112002 8J2412003 16,687.58 12,415.30 4,272.28 Genesis Microchip 1 .570.000 511/2003 812012403 16,554.71 26,741 .60 -10,186.89 Genesis Microchip 150.000 51212003 8/20/2003 1,581 .66 2,400.99 -819.33 Genesis Microchip 730.000 511912003 812012003 7,697.44 11,60021 -3,902.80 genesis Microchip 280.000 611112003 8/20/2003 2,952.43 4,531.99 -1,579.56 Genesis Microchip 910.000 6112/2003 8/20/2003 9,595.40 15,089.26 -5,493.86 Genesis Microchip 410.000 6/97/2003 8/2012003 4,323.20 6,087.14 -1,763.94 Naverty Furniture 3,200,000 1112112002 8/2012003 51,327.68 42,840.00 8,487.68 Tripath Imaging Inc 1,605.000 6111/2003 812012003 10,834.87 10,707.12 127.75 Tripath Imaging Inc 2,885.000 611212003 812012Q03 19,475.77 19,193.04 282.73 Tripath Imaging Inc 150.000 611312003 8/2012003 1,012.61 959.35 53.26 Zoll Medical Corp 310;000 612412003 8120/2003 10,168.78 9,955.78 213.00 Cantel Medical Group 639.000 1212712002 812012003 8,288.41 8,722.10 -433.69 Cante! Medical Group 35.000 1212712002 812512003 439.13 477.74 -38.61 Ceradyne Inc Calif 40.000 311712003 8125/2003 912.53 362.10 530.43 Cantei Medical Group 15.400 1212712002 8126/2003 186.45 204.74 -18.29 Ceradyne Inc Calif 424.400 3/1712003 812612003 9,644.17 3,802.05 5,842.'f2 Cantet Medical Group 329.000 12127/2002 812712003 4,030.48 4,490.72 -460.24 Ceradyne Inc Calif 22.000 3118/2003 812712003 499.97 199.10 300.87 Ceradyne Inc Calif 88.000 3120/2003 812712003 1,999.90 836.00 1,163.90 Ceradyne Inc Calif 46.000 3/2112003 8127!2003 1,045.40 425.85 619.55 lnterpool Inc 714.000 11121/2002 812712003 2,086.25 1,942.63 143.62 Cameco Corp 235.000 11121/2002 8128/2003 7,982.67 4,993.75 2,988.92 Interpoollnc 452.000 11121/2002 812812003 8,329.54 7,702.36 627.14 Richardson Electrs 487.004 11121/2002 812812003 5,113.50 4,400.76 1,112.74 Cameco Corp 365.000 1112112002 8/29/2003 12,545_12 7,756.25 4,788.87 Richardson Electrs 259_000 11/2112002 812912003 2,709.89 2,127.72 582.17 Varian Inc 430.000 11121/2002 91212003 14,760.62 13,282.70 1,477.92 CAC! lntl Inc 40.000 1112112002 91212003 1,784.21 1,504.84 27937



Security Shares Bought Sold Gross Proc. . . Cost Basis Realized G. . .

SHORT TERM

Security Shares Bought Sold Gross Proc. . . Cost Basis Realized G. .. Cantel Medical Group 15.000 12127/2002 9/212003 189.00 204.74 -15.74 Ceradyne Inc Calif 170.000 3/2112003 9/2/2Q03 4,072.50 1,573.78 2,498.72 Cimarex Energy 270.000 1/1512403 91212Q03 5,930.69 4,910.14 1,020.55 Flir Systems Inc 120.000 11121/2002 9/212003 3,179.14 2,549.28 629.86 Interpoollnc 17.000 11121/2002 9/212003 308.55 289.69 18.86 CACllntllnc 90.Q00 1'1/21/2002 9/3/2003 4,111.12 3,385.89 725.23 Cameco Carp 90.000 1112112002 91312003 3,115.92 1,912.50 1,203.42 Ceradyne Inc Calif 200.000 312112003 913/2003 5,130.52 1,851 .50 3,279.02 Cimarex Energy 180.000 111512Q03 913/2003 4,014.98 2,546.00 1,468.98 Flir Systems Inc 180.000 11I21/2Ud2 91312003 4,915.92 3,823.91 1,092.01 Irrtermagnetics Gen 86.000 11/2112002 9/3/2003 2,180.10 1,676.96 503.14 fnterpool inc 111 .00Q 11/2112002 91312003 2,027.03 1,891 .51 135.52 Kensey Nash Corp 20.000 2/312003 9/3/2003 567.46 386.68 180.78 M7C Technologies 478.000 6/2712003 9/312003 12,050.04 71,954.78 95.26 MTC Technologies 701 .000 613012003 91312003 17,671 .72 97,642.63 29.09 Zoll Medical Corp 293.000 6124/2003 91312003 9,332.93 9,409.81 -76.88 CACllntllnc 90.000 11121/2002 9/4/2003 4,068.71 3,385.89 682.82 Intermagnetics Gen 4fi4.000 1112112002 91412003 11,604.41 9,047.79 2,556.62 MTC Technologies 31 .000 6130/2003 91412003 792.09 780.20 11 .89 MTC Technologies 264.000 712312003 91412003 6,745.54 7,043.89 -298.35 Tier Technologies 1,570.000 1112112002 914/2003 17,497.96 25,647.83 -8,149.87 Zoll Medical Corp 171 .000 6/2412003 9/5/2Q03 5,409.33 5,491 .73 -82.40 Zoil Medical Corp 337.000 612412003 9I812dQ3 10,649.20 9,757.08 1,492.12 Zoil Medical Corp 29.000 6125/2003 9/8/2003 916.40 933.80 -17.40 Intertnagnetics Gen 80.000 1112112002 91812003 1,946.28 1,559.96 386.32 Lehman Brothers 160.000 11/2112002 9/812003 10,915.20 9,735.86 1,179.34 MfC Technologies 286.000 7/2312003 91812003 6,958.01 7,630.88 -672.87 MTC Technologies 513.000 81512003 91812003 12,480.62 11,388.29 1,092.33 Tier Technologies 1,060.000 1112112002 9/812003 11,919.70 17,316.37 -5,396 .fi7 Ceradyne Inc Calif 50.000 3121/2003 91912003 1,351 .68 462.88 888.80 MTC Technologies 117.000 815!2003 919/2003 2,855.08 2,597.33 257.75 Martek Biosciences 80.000 1112112002 91912QQ3 4,106.13 1,518.29 2,587.84 Cray Inc 360.000 11/21/2002 9110I20Q3 4,933.92 2,402.00 2,531 .92 Interpoollnc 1,866.000 1912112002 9/1112003 29,632.08 31,797.81 -2,165.73 Varian Inc 603.000 1112112002 9111/2003 20,441 .70 18,626.67 1,815.03 Ceradyne Inc Calif 75.000 312112003 911512003 2,002.50 694.31 1,308.19 Foamex 1nd Inc 1,330.000 1112112002 9/1612003 6,794.37 3,095.12 3,699.25 Varian Inc 357.000 1112112002 9/16/2003 12,049.18 11,027.73 1,421.45 Varian Inc 420.000 1112212002 9/1612003 14,175.50 12,842.40 1,333.10 Veeco Insirs Inc 876.000 11/21/20Q2 9116/2003 20,154.57 10,297.00 9,857.57 Ceradyne Inc Calif 129.040 3/2112003 9/17/2003 3,39.93 1,194.22 2,155.71 Ceradyne Inc Calif 86.000 3/2412003 9/1712003 2,233.29 786.90 1,446.39 Cimarex Energy 140.000 1/1712003 911712003 2,940.17 2,691 .54 248.63 Foaraex Intl Inc 1,950.000 11!21!2002 911712003 10,128.19 4,537.96 5,59023 Veeco Instrs Inc 219.000 1112112002 911712003 5,091 .75 2,574.25 2,517.50 Ceradyne Inc Calif 130.000 312412003 9122I2Q03 3,659.83 1,189.50 2,470.33 Intermagnetics Gen 260.000 1112112002 912312Q03 6,171 .76 5,069.88 1,109.88 Lehman Brothers 200.000 1112112002 9123/2x03 14,446.00 12,169.83 1,876.17 Veeco Instrs Inc 220.000 71/2112002 8123/2003 4,917.00 2,586.01 2,330.99 Vital Images Inc 125.000 711712003 8124/2003 3,088.47 2,325.00 763.47 Vital Images Inc 62.000 712112003 912412003 1,531 .88 1,187.30 344.58 Vital Images Inc 394.040 81512003 912412003 9,734.87 7,801 .99 1,932.88 Ceradyne Inc Calif 160.000 3124/2003 912912003 4,288.47 1,464.00 2,824.47 Lehman Brothers 10.000 7112112002 9!2912003 686.50 608.49 78.01 Veeco Instrs Inc 175.000 1112112002 912912003 3,498.27 2,057.05 1,441 .22 Vital Images Inc 167.400 8/512003 912912003 3,340.88 3,306.93 33.95 Vital Images Inc 75.000 81712003 912912003 1,500.40 1,409.24 91 .20 Foamex InU Inc 850 .000 11/21/2002 913012003 3,765.50 1,978.08 1,787.42 Lehman Brothers 340.000 11121120Q2 913012003 23,284.25 20,688.71 2,595.54 Lehman Brothers 250.000 11125/2042 913012003 17,120.78 15,400.00 1,720.78 Martek Biosciences 30.000 11/21/2002 913012003 1,603.80 569.36 1,034.44 Vital Images Inc 47.000 81712003 9130/2003 940.00 883.10 56.90 Advanced Marketing 970.000 1112112002 101112003 9,784.10 15,752.80 -5,968.70 Advanced Marketing 960.000 11/21120Q2 101212003 9,722.21 15,590.40 -5,868.19


Capital Gains 1/1/2003 Through 1213112003

Security Shares Bought Sold Gross Proc... Cost Basis Realized G.. . Martek Biosciences 44.000 11/2112002 101212003 2,162.00 759.14 1,402.86 Advanced Marketing 711 .000 1112112002 101312003 1,125.58 1,802.64 -677.06 Martek Biosciences 40.0Q0 1112112002 1013/2003 2,221 .20 759.14 1,462.06 Richardson Electrs 604.000 1112112002 101312003 6,223.07 4,961 .93 1,261 .14 vital Images Inc 257.000 81712003 10/312003 5,281 .35 4,828.85 452.50 Foamex InU Inc 2,360.000 1112112002 10I712Q03 10,643.60 5,492.09 5,151.51 Gen Probe 100.000 10/112003 101712003 2,266.00 2,659.15 -393.75 Icos Corp 170.000 812512003 101712003 6,879.90 6,052.00 827.90 integrated Silicon 1 .000 9/2J2003 10/7I2003 11 .76 10.01 7 .75 Integrated Silicon 1 .000 91812003 10R/2003 11 .76 12.17 -0.49 Integrated Silicon 8.000 919/2003 10/7/2003 94.05 92.74 1 .37 Integrated Silicon 460.000 9124/2003 1017/2003 5,407.54 5,494.98 -87.04 Intermagnetics Gen 390.000 1112112002 101712003 9,820.20 7,604.82 2,215.38 Kensey Nash Corp 410.000 2/3/2003 1017/2003 9,856.40 7,926.98 1,929.42 Ligand 342.000 8/2012003 101712003 4,281 .84 4,588.75 -306.91 Ligand 108.000 812012003 10!712003 1,352.16 1,485.00 -132.84 Ceradyne Inc Calif 290.000 3/2412003 101712003 7,542.90 2,653.50 4,889.40 Cimarex Energy 330.000 111712003 10/7/2Q03 7,042.20 6,344.33 697.87 Cray Inc 1,080.000 1112112002 101712003 14,748.00 7,206.01 6,941 .99 CYTYC Corp 260.000 1112912002 10R/2003 3,894.80 2,483.06 1,411 .74 Digital River 220.000 91812003 101712003 6,835.40 6,455.33 380.07 Dot Hill Sys 63.000 91212003 10/712003 894.14 1,033.20 -139.06 Dot Hill Sys 407.000 913/2003 1017/2003 5,776.46 7,728.24 -1,951 .78 FIirSystems lnc 290.000 11/2112002 10!7/2003 7,815.79 6,160.75 9,655.04 Fair Isaac Inc 150.000 8/2012003 141712003 8,982.00 8,518.52 463.48 Macromedia 270.000 9/1112003 10/7/2003 7,298.10 6,984.49 313.61 Martek Biosciences 140.000 11/2112002 101712003 7,599.20 2,657.00 4,942.20 Mykrolis Corp 320.000 9116/2003 101712003 4,214.40 4,329_60 -11520 Neoware Sys 360.000 812812003 1017/2003 7,059.60 6,881.11 178.49 Netscteen Technology 220.000 9/11/2003 10!712003 4,958.80 5,224.10 -265.30 Omniv9s+on 200.000 812012003 101712003 9,130.20 8,655.96 474.24 Petco Animal 90.000 912212403 101712003 2,908.80 2,912.28 -3.48 Plato Learning Inc 1,050.000 1112112002 10RI2003 8,347.50 7,386.91 960.59 QAD Inc 20.000 101312003 10!7/2003 24120 237.00 4.20 Quality Sys 150.000 8/2812003 1017/2003 7,243.50 6,524.45 719.05 Richardson Electrs 710.000 1112112002 10RI2003 1,419.50 5,832.73 1,586.77 Ruby Tuesday Inc 54.000 8127/2003 101712003 1,242.50 1,119.99 122.51 Ruby Tuesday Inc 153.000 91312003 10(1/2003 3,802.05 3,568.04 234.01 Ruby Tuesday Inc 87.000 91512043 10lTI2QQ3 2,161 .95 2,087.61 74.34 Sports Autfi Inc 280.000 8120/2003 10R/2003 9,494,80 8,299.26 1,195.54 Too Inc 370.000 SI312003 10RI2003 6,179.00 6,377.91 -198.91 Tripath Imaging Inc 470.000 611312003 101712003 4,389.80 3,005.98 1,383.82 Advanced Marketing 100.000 4112112002 101712003 1,030.00 1,624.00 -594.00 Angiotech Pharmaceuticals 170.000 8120/2003 1017/2003 7,782.60 7,717.07 65.53 Avid Technology 126.000 8/2012003 10/712003 7,12026 6,197.94 922.32 Avid Technology 14.000 812612003 70/712003 791 .14 658.22 132.92 CACllntllnc 160.000 1112112002 1017/2003 7,120.00 6,019.37 1,100.63 Cameco Corp 230.000 11121/2002 10/712003 8,671 .00 4,887.50 3,783.50 Candela Corp 13.000 3/512003 1017/2003 165.76 105.95 59.81 Candela Corp 7.000 3/612003 101712003 89.26 57.54 31.72 Cardia Science 520.000 918/2003 1017/2003 2,288.00 2,103.87 184.13 Centene Corp 90.000 1011/2003 10/712003 2,925.00 2,730.82 194.18 Ultra Petroleum 40.000 5RI2003 101712003 588.00 411 .08 176.92 Ultra Petroleum 840.000 517/2003 1017/2003 12,348.00 8,81 5.21 3,532.79 United Nat Foods! 190.000 812012003 10/7/2003 6,182.79 5,566.47 676.32 Yankee Candle 240.000 9/4/2003 10/712003 6,451 .20 5,621 .88 829.32 Zoll Medical Core 110.000 612512003 1Qf712003 3,588.31 3,542.00 46.31 Advanced Marketing 499.000 1112112002 10I8/2Q03 5,065.00 8,103.76 -3,038.76 Foamex Intl Inc 520.000 1112112002 1018/2403 2,456.00 1,210.12 1,245.88 Candela Corp 82.000 3!6/2003 1019/2003 1,069.28 674.08 395.20 Foamex Ink Inc 5,650.000 1112112002 10/9/2003 26,934.70 13,148.44 13,788.26 Martek Biosciences 360.000 11121/2002 101912003 19,098.00 6,832.29 12,265.71 Cameco Corp 30.000 1112112002 1019/2003 1,208.40 637.50 570.90 Plato Learning Inc 1,410.000 11121/2002 7011012003 11,421 .28 9,919.57 1,501 .71

11

CSFB, LLC--ACCOUNT 2A7-QU3052

Capital Gains 11112003 Through 1213112003

Security Shares Bought Sold Gross Proc . . . Cost Basis Realized G... Plato Learning Inc 1,453.000 11/21/2002 10/13/2003 12,476.91 10,222.08 2,254.83 Richardson Electrs 3,510.000 1112112002 10113/2003 34,542.96 28,835.06 5,707.90 Ceradyne Inc Calif 150.U00 3/24/2003 10/1M2003 5,429.03 1,372.50 4,056.53 Plato Learning Inc 726.000 11I21I20Q2 10114/2003 6,534.00 5,107.52 1,428.48 Flir Systems Inc 130.000 11121/2002 1011512003 3,507.57 2,761 .71 745.86 Foamex Intl Inc 486.000 11121/2002 '!0/1612003 2,307.53 1,131 .00 1,176.53 Plato Learning Inc 233.000 11/2112002 10/16120Q3 2,401 .65 1,639.19 762.46 Cardia Science 441 .000 91812Qd3 10/2812003 1,739.17 1,784.24 -45.07 Cardia Science 910.000 9123/2003 1012812003 3,588.77 4,412.32 -823.55 Cardia Science 1,234.000 10!212003 10/2812003 4,866.53 5,306.20 -439.67 Cardia Science 1,312.000 10/28/2003 10/28/2403 5,174.13 5,810.57 -636.44 Cardia Science 128.000 1012812003 10/29l2003 500.48 566.89 -68.41 Ceradyne Inc Calif 80.000 3/2412003 1Q/29/2003 3,383.17 732.00 2,651 .17 Omnivision 70.000 812012003 10/29/2003 4,101.03 3,029.59 7,071 .44 CYTYC Corp 150.000 1112112002 1013012003 1,949.08 1,432.53 516.55 Cray Inc 300.000 11/2112002 11/712003 3,753.73 2,001 .67 1,752.06 Kensey Nash Corp 223.000 213/2003 111712003 4,977.05 4,311 .50 665.55 Kensey Nash Corp 150.000 213/2003 11/12/2003 3,758.19 2,900.12 258.07 Kensey Nash Corp 440.000 213/2003 11/1212Q03 3,061 .80 2,706.77 355.03 Kensey Nash Corp 100.000 2/3/2003 11/12/2003 2,149.67 1,933.41 216.26 Kensey Nash Corp 150.000 213!2003 11/18/2003 3,132.57 2,900.12 232.45 Foamex Intl Inc 450.000 1112112002 11119/2003 2,012.24 1,047.22 965.02

TOTAL SHORT TERM -f,779,U37. T5

OVERALL TOTAL



LONG TERM

Cardinal Health 405.000 11/2112002 121812003 25,433.72 26,689.50 -1,255.78

TOTAL LONG TERM --- 2543S77 Ifi;689.bU X5578

OVERALL TOTAL ~i7;8T£.8~ -X2'3,5 obi'


Capital Gains 111/2003 Through 12/31/2003

Security Shares Bought Sold Gross Proc . . . Cast Basis Realized G.. .

SHORT TERM

Federated Department St... 825.000 11121120Q2 11712003 24,255.37 26,688.75 -2,433.38 Kimberly Clark 515.000 11121120Q2 1I7/20Q3 24,290.19 26,239.25 -1,949.06 Grainger WW 500.000 11/21/2002 2/11/20U3 22,519.15 26,300.00 -3,780.85 Lincoln Nat 795.000 1112112002 2/11/2003 23,339.61 26,513.25 -3,173.64 Pepsi Bottling Group 950.000 1112112002 31612003 17,219.89 26,600.00 -9,380.11 Lexmark Intl 15.000 11121!2002 3/11/2003 905.25 944.25 -39.00 Sarr Labs Inc 220.000 1112112042 41812003 12,540.00 8,678.76 3,861 .24 Golden West Finl 2Q.000 11121/2002 41812003 1,456.08 1,372.00 84.08 King Pharmaceuticals 1,510.000 1112112002 418120Q3 17,138.50 27,429.00 -9,890.50 Le)anark Intl 15.000 11/2112002 41812003 1,023.80 944.25 79.55 Mylan Lab 280.000 7112112002 41812003 8,148.11 6,209.27 1,938.84 1'albots Inc 890.000 11121/2002 4/812003 24,038.63 26,611 .00 -2,572.37 Eastman Kodak 760.000 1112112002 5Ifi12003 23,427.30 26,334.00 -2,906.70 Lunar Corp CI B 50.000 4/25!2003 51fi120Q3 2,650.00 0.00 2,650.00 Whirlpool Core 530.000 11121/2002 5/812003 28,107.01 26,489.40 1*617.61 Lennar Corp ' 110.000 11121/2002 611812003 8,452.03 5,808.00 2,644.03 Magna Intl 595.000 11121/2002 6/9812Q03 35,360.36 26,471 .00 8,889.36 Motorola 2,815.000 11/2112002 6118/2003 24,996.07 28,742.50 -1,746.43 V F Corp 685.000 1112112002 6/1812043 24,030.83 26,386.20 -2,355.37 Amdocs Ltd 95.000 5/6/2003 7/23/2003 2,353.59 1,751 .30 602.29 Boeing Co 830.000 11121/2002 712312003 26,826.51 26,726.00 100.51 FNMA Com 415.000 11/21/2002 7123/2003 26,681 .97 26,207.25 474.72 Health Net Inc 140.000 11/2112002 7/2312003 4,756.48 3,668.00 9,088.08 Intel Corp 160.000 611812003 8/1912003 4,216.00 3,409.98 806.02 Quest Diagnostics 455.000 11/21/2002 8/19/2003 26,753.91 26,458.25 295.66 MGIC Investment 635.000 111211002 9/1BI2003 34,648.97 26,860.50 7,788.47 Mylan Lab 75.000 1112112002 9/1612003 2,982.68 1,683.20 1,319.48 Office Depot 1,645.000 11/2112002 9116/2003 23,716.46 26,320.00 -2,603.54 Symantec Corp 20.000 1112112002 9/16/2003 1,192.72 876.00 316.72 Cardinal Health 80.000 10/612003 121812003 5,023.94 4,660.80 363.14 Nextel Common 374.000 6118/2003 121812003 9,388.11 6,294.79 3,093.32

TOTAL SHORT TERM -~'1,d39:'f~ 497,256. ---:4-,Si783

Security Shares Bought Sold Gross Proc . . . Cost Basis Realized G. . .

SNORT TERM

United Stationers 134.000 1214/2002 112412003 2,985.89 4,187.80 -1,201.91 United Stationers 47.000 12/412002 112812003 7,046.36 1,468.85 -422.49 United Stationers 85.000 'E?J4I2002 112912003 1,891 .82 2,656.44 -764.62 United Stationers 120.000 12/4/2002 21712003 2,649.40 3,750.26 -1,100.86 Performance Food Group 95.000 121412002 2/1012003 2,992.65 3,760.85 -168.00 Performance Food Group 194.000 12/4/2002 2h212003 8,111 .72 6,454.38 X42.68 0 M Group Inc 187.000 1214/2002 212812003 1,580.15 1,462.34 117.81 Roger Industries 46.000 121412002 31612003 1,255.93 1,8$0.02 -624,09 Graco Inc 217 .000 1214/2002 3/1312003 5,476.51 6,184.41 -707.90 Ametek inc 345.000 121412002 3/17/2003 11,643.75 12,880.78 -1,237.03 Roper Industries 105.000 121412002 4N12003 3,045.00 4,291 .35 -1,246.35 Roper Industries 6.000 121412002 411/2003 180.97 245.22 -64.25 Myers Inds Inc 61 .000 12/4/2002 4!15/2003 614.69 670.76 -56.07 Myers lnds Inc 8.000 121412002 4121i2003 80.00 87.97 -7.97 Myers Inds Inc 11 .000 12/4/2002 4/2412003 170.00 120.96 -10.96 Myers Inds Inc 90.000 12/4/2002 4/2412003 900.00 989.64 -89.64 Myers Inds Inc 38.000 121412002 412812003 385.60 417.85 -32.25 Brown & Brown 238.000 1214/2002 5/612003 8,400.71 7,927.78 472.93 Lancaster Colony 50.000 12/412002 512912003 1,935.26 1,807.95 127.31 Lancaster Colony 156.000 121412002 512912003 6,013.41 5,640.80 372.61 Lancaster Colony 185.000 121412002 614/2003 7,169.17 6,689.42 479.75 Myers Inds Inc 144 .000 121412002 6/1112003 1,584.49 1,583.42 0.67 Myers Inds Inc 116.000 12/4/2002 611212003 1,277.04 1,275.54 1 .50 Tractor Supply Co 181 .000 1214/2002 6/1912Q03 8,846.34 7,943.97 902.43 National Fuel Gas 111 .000 121412002 713112003 2,692.93 2,327.67 365.26 Liberty Property 248.000 1214120Q2 915/2003 8,680.00 7,710.32 969.68 Myers Inds Inc 32.000 12I4/2002 10/212003 336.00 351 .87 -15.87 Myers tnds Inc 7.000 12/4/2002 101312003 73.50 76.97 -3.47 Myers Inds Inc 265.000 1214/2002 101312003 2,799.68 2,913.94 -114.26 Myers Inds Inc 25.000 12/412002 101312003 263.14 274.90 -11 .76 Myers Inds Inc 21 .000 12/4/2002 10/912003 220.50 230.92 -10.42 Myers Inds Inc 56.000 12/4/2002 1011412. . . 607.50 615.78 -8.28 Graco Inc 240.000 121412002 1012212... 8,907.31 7,034.40 1,872.91 Graco Inc 41 .000 101312003 1012212.. . 1,521 .67 1,576.86 -55.19 Progress Software 545.000 121412402 10/23/2. . . 11,974.25 7,24$.50 4,725.75 K V Pharmaceutical 92.000 3/19/2003 1012312... 2,185.00 1,226.65 958.35 -K V Pharmaceutical 301 .000 3/19/2003 1012412.. . 7,108.45 4,013.29 3,095.16 Littelfuse Inc 175.000 12/4/2002 1012712.. . 4,465.00 3,158.75 1,306.25 Littetfuse Inc 218.000 1214/2002 10/2812. . . 5,560.94 3,934.90 1,628.04 Littelfuse Inc 59.000 101312003 1012812... 1,505.02 1,532.82 -27.80 MSC Indl Direct 1U3_Q00 121412002 1013012... 2,371 .58 1,778.81 592.77 Progress Software 165.000 121412002 1013012. . . 3,675.15 2,994.50 1,480.85 MSC Indl Direct 385.000 121412002 1013112. . . 8,995.18 6,648.95 2,346.23 MSC lndi Direct 76.000 101312003 1013112. . . 1,775.67 1,608.92 166.75 Progress Software 78.000 12/412002 10/3112_ . . 1,735.50 1,037.40 698.10 Progress Software 15.000 121412002 11/312003 333.75 199.50 134.25 Progress Software 135.000 101312003 111312003 3,003.75 3,091 .37 -87.62 K V Pharmaceutical 345.400 311912003 1111412. . . 8,614.67 4,599.95 4,014.72 K V Pharmaceutical 116.000 10/312003 1111412. . . 2,896.53 2,647.12 249.41 Horace Mann 587.000 12/412002 11/2412. . . 7,924.50 9,174.81 -1,25fl.31 Horace Mann 98.000 10/312003 11124/2. . . 1,323.00 1,486.66 -163.66

TOTAL SHORT TERM b`3

OVERALL TOTAL ~72B:63 16£47~~3 ---TT,2'5T:W

CSFB, LLC--ACCOUNT 2F7-7Q1191 Capital Gains

1/112003 Through 1213112003


11112003 Through 1213112003

Security Shares Bought Sold Gross Proc. . . Cost Basis Realized G.. .

SHORT TERM

WeApoint Health 825.000 1011612003 1111312. . . 73,136.25 67,533.25 5,603.00

TOTAL SHORT TERM -73,T3ti'Z5 -67,533.25 3;fiU300

OVERALL TOTAL 25

260.000 10/14/2Q03 111412003 17,050.00 16,962.40 87.60 431 .000 10/14!2003 111412003 15,253.62 16,981 .40 -1,727.78 153.Q00 10114120Q3 11/412Q03 9,118.80 8,385.93 732.87 582.000 10/14/2003 11/4/2003 9,208.87 11,308.26 -2,099.39 81 .000 10/14/2003 1114/20Q3 2,358.50 2,245.32 113.18 66.000 10114/2003 1218/ZQQ3 3,560.04 3,617.46 -57.42 89.000 10114/2003 1218/2Q03 7,499.17 7,017.65 489 .52 130.000 10/14/2003 12/8/2003 4,150.24 3,571 .10 579.74 347.000 10/14/2003 1218/2003 11,313.43 11,357.37 -37.94 73.000 10114/2003 921812003 3,3'11.40 3,498.16 -186.76

-07 84,939.135

`87B24-{37 ~Q5 X38

Security

SHORT TERM

Apollo Group Aptargroup Inc Best Buy Inc Convergys Corp Gallagher Arthur J & Co Best Buy Inc Danaher Corp Microchip Technology Nationwide Finl Svcs Northern Trust Corp

TOTAL SHORT TERM

OVERALL TOTAL

r


111I2003 Through 1213112Q03 Page l

Shares Bought Sold Gross Proc . . . Cost Basis Realized G.. .

SECURITIES--SEE SCHEDULES ATTACHED

CSFB, LLC-Nominee 8,112,309.83

Bear, Stearns Securities Corp.-Nominee 3,030,981 .05

Merrill Lynch-Nominee 3,368,208.85

Schwab Institutional-Nominee 802,557.56

Totals 15.314.05729

9,370,559.90

3,980,955.38

4,336,280.00

844,829.00

18.532.624.28

THE MACLELLAN FOUNDATION, INC.

SECURITIES HELD IN BROKERAGE ACCOUNTS

AT DECEMBER 31, 2003

Cost Basis

Fair Market Value

,}

Scientific Atlanta 4,600.000 27,300 86,085.21 39,494.79 125,580.011 Slate Bancorp 1,874.000 24.260 27,782.15 18,281 .08 45,463.24 Tektronix Inc 2,004.000 31.600 35,894.00 27,306.00 63,200.00 Topps Co Inc 3,400.000 10.260 32,504.00 2*380 .4U 34,884.00 Trust Co of New Jersey 1,300.000 39.680 29,209.31 ?2,374.69 51,584.00 Universal Health Svcs 2,600.000 53.720 103,462.36 36,209.64 139,672.00 Washington Mutual Inc 1,900.00 40.120 65,452.60 1,775.40 75,228_0D Webster Financial 1,000.000 45.860 33,440.00 12,420.00 45,860.00 West Pharmaceutics! 1,00.400 33.900 39,951 .15 10,898.85 50,850.00

TOTAL Investments y 3,030,981 .05 ~ - 3,980,955 .38

BEAR, STEARNS SECURITIES CORP .--NOMINEE

Portfolio Value As of 1213112003

Page 1

Security Shares Price est Cast Basis Pre-Tax Gain Balance Alltel Corp 4,000.000 46.580 211,277.74 -24,957.74 186,320.00 Apple Computer Inc 4,100.000 21 .370 69,637.36 17,979.64 87,517.00 8andag Inc 1,800.000 40.400 51,411 .06 21,308.94 72,720.00 6anknorlh Group inc 1,300.000 32.530 29,598.4Q 12,690.60 42,289.40 Bear Steams Companies 700.400 79.950 39,170.17 16,794.89 55,965.40 8elo Corp 1,500.00U 28.340 32,810.70 9,699.30 42,510,00 Charter One Financial 2,310.000 34.550 6'l,fi39 .00 '!8,171 .5Q 79,810.50 Commerce Bancshares 882.000 49.020 32,704.00 11,531 .64 43,235.64 Computer Associates 11,440.000 27.340 242,805.16 68,870.84 311,676.00 Connecticut Bancshares 1,000.000 51.540 28,067 .54 23,472-50 57,540.00 Countrywide Credit 2,000.000 75.850 72,853.2U 78,846.80 251,700.00 Dundee Bancorp Inc 4,900.000 17.320 51,306.43 33,561 .57 84.868.00 Eastman Kodaclc 1,900.000 25.670 46,200.40 2,572.80 45,773.00 Electro Scientific Inds 2,200.000 23.80Q 56,008.04 -3,648.44 52,360.00 EverhustFiniGroup 9,700.00 31 .840 32,232.00 21,896.00 54,128.00 FBL Financial Group 2,200.000 25.800 40,514.98 16,245.02 5fi,760.00 First Defiance Financial 1,700.000 26.650 28,986.00 17,119.00 45,305.00 First Sentinel Bancorp 2,500.000 21.060 32,700.00 19,950.00 52,650.00 Firstfed America Bancrop 3,200.000 26.030 34,818.00 48,480.00 83,296.00 Forest City Enterprises 700.000 48.300 27,876.17 5,933.83 33,810.00 Forest City Enterprises CLa 1,500.000 47.59Q 51,356.70 19,908.30 71,265.00 Gannett Co 1,400.000 89.160 107,992.79 16,831 .21 124,824.00 Harbor Florida Bancshares I.. . 1,900.000 29.710 36,453.40 19,995.6 56,449.00 Harrahs Entertainment 1,000.000 49.770 40,601 .30 9,16$.70 49,770.00 HCAlnc 1,200.000 42.960 45,636.12 5,9'{5.88 51,552.00 Hibemia Corp 2,200.000 23.510 39,820.66 11,901 .34 5'!,722.0Q Independence Community . . . 2,000.000 35.970 45,332.00 26,608.00 71,940.00 lnb Game Technology 3,600.400 35.700 54,109.59 74,410.41 128,520.00 Kimball International 2,200.000 't5_55d 36,567.74 -2,357.74 34,210.00 Knight-Ridder Inc 1,400.000 77.370 90,595.48 17,722.52 108,318.00 LAM Research 3,300.000 32.300 44,814.00 61,776.00 106,590,00 Lee Enterprises 1,700.000 43.650 56,913.45 'l7,29i .55 74,205.00 McClatchy Co 1,100.000 68.800 55,602.77 20,0T7.23 75,680.00 Mentor Graphics Corp 3,800.000 14.540 53,626.58 1,625.42 55,252.00 Mercantile 8anicshares Corp 600.000 45.580 25,917_Q0 1,431 .00 27,348.00 MGM Mirage 2,200.000 37.610 69,325_06 73,496.94 82,742.00 NCR Corp 1,500.000 38.800 54,218.45 3,981 .95 58,200.00 New York limes 2,700.000 47.790 119,886.64 9,346.36 129,033.00 Newport Corp 3,400.400 't6.53fl 51,335.92 4,866.48 56,202.00 Pennfed Financial Services 1,500.000 33,500 36,885.00 13,365.00 50,250.00 Peopiesoit Inc 3,800.000 22.800 59,944.90 22,735.10 82,080.00 Provident Financial Services 2,200.000 98.900 43,411 .06 -1,831 .06 4'1,580.00 Quatcomm Inc 1,700.000 53.930 44,936.94 46,744.06 91,681 .00 Quantum Corp 9,900.000 3,120 91,902.87 -61,014 .87 30,888,00

Pre-Tax Gain Balance 8,599.52 52,920.00

37,727 .39 153,090.00 59,915.00 244,150.00 122,080.00 357,294.00 50,154.00 164,600.00 -10,658.00 122,320.00 17,395.00 162,064.00 17,177.40 118,050.00 47,936.00 162,204.00 67,065.00 181,300.00 3,735.00 162,080.00

33,367.15 148,444.00 56,639.00 153,750.00 42,093.52 161,350.44 -653.00 152,500.00

5,820.00 118,950.00 35,544.18 196,000.00 142,332.72 279,795.00 11,616.00 101,880.00 64,991 .36 160,104.00 -2,343.50 169,505.00 37,870.00 199,710.00 38,280.00 243,180.00 25,598.33 158,240.00 55,795.08 212,800.00

Security Sharps Price est Cost Basis American Financial Grp 2,000.006 26.460 ~ 44,320.48 AMN Greeting 7,000.000 21 .870 115,368.61-Beazer Homes 2,500.000 97.660 184,235.00 Borg Warner 4,200.000 85.070 235,214.00 Bunge Limited 5,400.000 32.920 114,446.00 Cardinal Health 2,000.000 61 .164 132,978.00 Gammnty First Bkshs 5,600.000 28.940 144,669.00 Compass Bancshares 3,000.000 39.350 100,872.60 Cooper Indstrs 2,800.000 57.930 114,268.00 KB Home 2,500.000 72.524 114,235.00 LaFarge North America 4,000.000 40.520 158,345.00 Olin Corp 7,400.000 20.060 115,076.85 Quaker Chemical Corp 5,000.000 30.750 97,111.00 Quanex Corp 3,500.000 46.100 119,256.48 Shopko Stores Wise 10,000.000 15.250 153,153.00 St Paul Cos 3,000.000 39.650 113,130.00 Standex Intl Corp 7,000.000 28.000 164,455.82 Stewart Info Svc 6,900.000 40.550 137,462.28 Stone Energy 2,400.000 42.450 90,264.00 Supenralu Inc 5,600.000 28.590 95,112.64 Tecumseh Prods Co 3,500.000 48.430 171,848.50 Textron Inc 3,500.000 57.064 18't,840.00 Union Pacific Corp 3,500.400 69.480 204,900.00 York tntl Corp 4,300.000 36.800 132,641.67 Zale Corp 4,000.000 53.200 757,004.92

w'

TOTAL Investments 3,368,20-.85 U68,UMT5 4,336,284

MERRILL LYNCH NOMINEE

Portfolio Value As of 1213112003

Page 1

SeHWAB' INSTTTtJTIDN2L==NOMINEE

Portfolio Value As of 12/31/2003

Page 1

Shares Price est Cost Basis Pre-Tax Gain Balance 1,600.000 46.600 72,916.00 1,644.00 74,560.00 1,000.000 54.460 48,830.00 5,630.40 54,460.00 1,600.000 46.580 73,586.56 949 .44 74,528.00 900.000 61 .800 55,064.00 556.00 55,620.00

1,500.000 25.330 35,285.00 2,710.00 37,995.00 1,000.000 48.540 47, 350.00 1,190.00 48, 540.00 1,000.000 57.280 47,080.00 10,180.00 57,260.00 1,500.000 23.330 32,960.00 2,035.00 34,995.00 1,200.000 47.530 56,813.00 223.00 57,036.40 1,800.000 32.240 56,828.00 1,132.00 57,960.00 1,000.000 48.610 45,830.00 2,780.00 48,610.00 2,500.000 27.540 65,870.00 2,980.00 68,850.00 1,000.000 54.720 45,830.00 8,890.00 54,720.00 1,500 .000 53.050 77,135.00 2,440.00 79,575.00 1,000.000 40.120 41,180.00 -1,060,00 40,120.00

duz,bbf.bt 42,Z(1 .44 844,82"U TOTAL Investments

Security Abbott Laboratories Affiliated Computer Alite! Corp Amgen Inc Caremark Rx In Citigroup Inc Devon Energy Disney Walt Co Narley Davidson Intel Medtronic Inc Microsoft Corp Schlumberger Wal-Mart Stores Washington Mutual Inc

116733 OO/OOO1100630098.DOC }

THE MACLELLAN FOUNDATION, INC.,

PART X, LINE 1(e) REDUCTION CLAIMED FOR BLOCKAGE OR OTHER FACTORS

2003

The Maclellan Foundation, Inc. ("Foundation"), originally a Delaware corporation, received an exemption letter under Section 501(c)(3) of the Internal Revenue Code dated April 23, 1947. In 1992, the Foundation reorganized under the laws of the state of Tennessee, merging the Delaware corporation into the Tennessee corporation, and received an exemption under Section 501(c)(3) .

On December 27, 1995, Provident Life and Accident Insurance Company of America was reorganized. Pursuant to the exchange, each outstanding share of Provident Life and Accident Insurance Company of America Class A and Class B common stock par value $1 .00 per share was exchanged for one share of Provident Companies, Inc. common stock, par value $1 .00 per share. For federal income tax purposes, the reorganization and exchange of shares was considered a non-taxable exchange .

There was a two for one stock split on September 30, 1997.

On June 30, 1999, each outstanding share of Provident Companies, Inc. common stock was reclassified and converted into 0.73 of a share of Provident Companies, Inc. common stock. Immediately after this reclassification and conversion, UNUM Corporation merged into Provident Companies, Inc. Each share of Provident Companies, Inc. common stock and UNUM Corporation common stock was converted into one share of common stock and the par value was reduced from $1 .000 to $0.10 per share. After the merger, the name of the surviving company was changed to UNUMProvident Corporation.

As of December 31, 2003, the Foundation holds 8,625,604 shares of the capital stock of UNUMProvident Corporation.

An appraisal made on behalf of the foundation indicated that the appropriate discount for blockage and restrictions on sale because the stock is not registered with the Securities & Exchange Commission is 35 .5%. In accordance with the regulations, the discount claimed is 10%.

7 3 STATEMENT S) 2 2


FORM 8688 EXPLANATION FOR EXTENSION STATEMENT 22

EXPLANATION

TAXPAYER JUST RECEIVED SCHEDULE K-1 FROM A PARTNERSHIP IN WHICH IT IS INVESTED ; THEREFORE, ADDITIONAL TIME IS NEEDED TO CHANGE THE RETURN TO INCLUDE THE PARTNERSHIP ACTIVITY FOR 2003 . NO TAX IS DUE WITH THE RETURN .

OMB No . 1545-0026

Attachment Sequence No . 128

Form 926 Return by a U.S. Transferor of Property (Rev December 2003) 1.o a Foreign Corporation Department of the Treasury Internal Revenue Service " Attach to your income tax return.

U.S. Transferor Information (see instructions ; Identifying number (see instructions)

62-6041468 Name of transferor

THE MACLELLAN FOUNDATION, INC . 7 If the transferor was a corporation, complete questions 1a, 1b, and 1c. a If the transfer was a section 361(a) or (b) transfer, was the transferor controlled (under section 368(c)) by

5 or fewer domestic corporations? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b Did the transferor remain in existence after the transfer? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If not, list the controlling shareholder(s) and their identifying number(s):

O Yes O No D Yes O No

- Controlling shareholder Identifying number

c If the transferor was a member of an affiliated group filing a consolidated return, was it the parent corporation? . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If not, list the name and employer identification number (EIN) of the parent corporation :

Yes [Z No

Name of parent corporation E[N of parent corporation

2 If the transferor was a partner in a partnership that was the actual transferor (but is not treated as such under section 367), list the name and EIN of the transferor's partnership :

EIN of partnership Name of partnership

n Information (see instructions Transferee Forei 4 Identifying number, if any 3 Name of transferee (foreign corporation)

COMMON SENSE OFFSHORE, LTD

isn STF FED16B5F.1

5 Address (including country) BUTTERFIELD HOUSE, 68 FORT ST ., P .O .BOX 705GT, GEORGE TOWN 6 Country of incorporation or organization GRAND CAYMAN, CAYMAN ISLANDS 7 Foreign law characterization (see instructions) CORPORATION 8 Is the transferee foreign corporation a controlled foreign corporation? . .. . . . . . . . . . . . . . . . . . . . . . . . Yes No

For Paperwork Reduction Act Notice, see page 4 . Form 926 (Rev 12-2003)

f

STF FED1685F 2

Form 926 (Rev 12-2003) Page Z

Information Regarding Transfer of Property see instructions 9 Date of transfer 10 Type of nonrecognition transaction (see instructions) 9/30/03 STATEMENT ATTACHED

17 Description of property transferred : CASH - $500,000

12 Did this transfer result from a change in the classification of the transferee to that of a foreign corporation? 0 Yes rX No

13 Was the transferor required to recognize income under Temporary Regulations sections 1 .367(a)-4T through 1 .367(a)-6T (e .g ., for tainted property, depreciation recapture, branch loss recapture, etc.)? . .

. 0 Yes 12 No

14a Was intangible property (within the meaning of section 936(h)(3)(B)) transferred as a result of the transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D Yes ~ No

b if yes, describe the nature of the rights to the intangible property that was transferred in the transfer:

I'-

( 16733 00/0001/00585592.DOC .2}

THE MACLELLAN FOUNDATION, INC. 62-6041468

STATEMENT REGARDING FORM 926 2003

Form 926, Return by a U.S . Transferor or Property to a Foreign Corporation, reporting investment made by The Maclellan Foundation, Inc., a private foundation, during the calendar year 2002 is being filed with the Form 990-PF, Return of Private Foundation.

It is not clear that Regulations Section 1 .6038B-1(b)(3) applies to U. S . Tax Exempt Investors. It is also not clear that reporting is required for direct cash transfers not described under Internal Revenue Code Section 332, 351, 354, 355, 356 and 361 .

The Form 926 is being filed for protective purposes .

ISA STF FED1685F .1

Form 926 Return by a U.S . Transferor of Property OMB No 1545-0026 (Rev December 2003) to a Foreign Corporation Department of the Treasury Attachment incemei Revenue serve " Attach to your income tax return . Sequence No 128 WEP. Me U.S. Transferor Information see instructions Name of transferor Identifying number (see instructions) THE MACLELLAN FOUNDATION, INC . 1 62-6041468 1 If the transferor was a corporation, complete questions 1 a, 1 b, and 1 c. a If the transfer was a section 361(a) or (b) transfer, was the transferor controlled (under section 368(c)) by

5 or fewer domestic corporations? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ Yes 0 No b Did the transferor remain in existence after the transfer? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [K Yes El No


Controlling shareholder Identifying number

c If the transferor was a member of an affiliated group filing a consolidated return, was it the parent corporation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . El Yes X No If not, list the name and employer identification number (EIN) of the parent corporation :

Name of parent corporation EIN of parent corporation

2 If the transferor was a partner in a partnership that was the actual transferor (but is not treated as such under section 367), list the name and ElN of the transferor's partnership :

_= Name of partnership I EIN of partnership

Transferee Foreign Corporation Information see instructions 3 Name of transferee (foreign corporation) 4 Identifying number, if any FAIRFIELD REDSTONE FUND LTD 5 Address (including country) UBS FUND SERVICES (CAYMAN LTD), UBS HOUSE, 227 ELGIN AVE,P .O . BOX 852GT 6 Country of incorporation or organization GRAND CAYMAN, CAYMAN ISLANDS 7 Foreign law characterization (see instructions) CORPORATION 8 Is the transferee foreign corporation a controlled foreign corporation? . . . . . . . . . . . . . . . . . . . . . . . . . . L I Yes No

For Paperwork Reduction Act Notice, see page 4. Form 926 (Rev 12-2003)

Form 928 (Rev. 12-2003)

STF FED1685F 2

9 Date of transfer 10 Type of nonrecognition transaction (see instructions) 9/30/2003 ; 11/4/03 ; 12/31/03 I STATEMENT ATTACHED

11 Description of property transferred : TOTAL CASH - $3,500,000

12 Did this transfer result from a change in the classification of the transferee to that of a foreign corporation? 0 Yes D No 13 Was the transferor required to recognize income under Temporary Regulations sections 1 .367(a)-4T

through 1 .367(a)-6T (e .g ., for tainted property, depreciation recapture, branch loss recapture, etc.)? . . . 0 Yes M No 14a Was intangible property (within the meaning of section 936(h)(3)(B)) transferred as a result of the

transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . o Yes IR No b If yes, describe the nature of the rights to the intangible properly that was transferred in the transfer :

{16733 00/0001/00585592 .DOC .2}



Form 926, Return by a U.S. Transferor or Property to a Foreign Corporation, reporting investment made by The Maclellan Foundation, Inc., a private foundation, during the calendar year 2002 is being filed with the Form 990-PF, Return of Private Foundation .

It is not clear that Regulations Section 1 .b038B-1(b)(3) applies to U. S. Tax Exempt Investors . It is also not clear that reporting is required for direct cash transfers not described under Internal Revenue Code Section 332, 351, 354, 355, 356 and 361 .


ISA STF FED16BSF 1

Form 926 Return by a U.S. Transferor of Properly OMB No . 1545-0026 (Rev December 2003) to a Foreign Corporation Department of the Treasury Attachment Internal Revenue Service " Attach to your income tax return. Sequence No 1Z$

U.S. Transferor Information see instructions Name of transferor Identifying number (see instructions) THE MACLELLAN FOUNDATION, INC . 1 62-6041468

1 If the transferor was a corporation, complete questions 1 a, 1 b, and 1 c. a if the transfer was a section 361(a) or (b) transfer, was the transferor controlled (under section 368(c)) by

5 or fewer domestic corporations? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 Yes IM No b Did the transferor remain in existence after the transfer? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes 0 No


Controlling shareholder Identifying number

c If the transferor was a member of an affiliated group filing a consolidated return, was it the parent corporation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D Yes D No

1f not, list the name and employer identification number (EIN) of the parent corporation:

Name of parent corporation EIN of parent corporation

2 If the transferor was a partner in a partnership that was the actual transferor (but is not treated as such under section 367), list the name and EIN of the transferor's partnership :

Name of partnership EIN of partnership

Transferee Foreign Corporation Information see instructions 3 Name of transferee (foreign corporation) 4 Identifying number, if any VERUS INVESTMENT FUND 5 Address (including country) GOLDMAN SACHS (CAYMAN LTD), P .O . BOX 896, GEORGE TOWN 6 Country of incorporation or organization GRAND CAYMAN, CAYMAN ISLANDS 7 Foreign law characterization (see instructions) CORPORATION 8 Is the transferee foreign corporation a controlled foreign corporation? . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

For Paperwork Reduction Act Notice, see page 4. Form 926 (Rev 1z-2oo3)

w

$7F FED7685F 2

r

Forth 926 (Rev. 12-2003) Page Z

FORTIM information Regarding Transfer of Property (see instructions 9 Date of transfer 10 Type of nonrecognition transaction (see instructions) 2/12/2003 STATEMENT ATTACHED 17 Description of property transferred : CASH - $3,000,000

12 Did this transfer result from a change in the classification of the transferee to that of a foreign corporation? 0 Yes [~ No 13 Was the transferor required to recognize income under Temporary Regulations sections 1 .367(a)-4T

through 1 .367(a)-6T (e.g ., for tainted property, depreciation recapture, branch loss recapture, etc.)? . . . ~ Yes ~ No 14a Was intangible property (within the meaning of section 936(h)(3)(B)) transferred as a result of the

transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ Yes ~ No b If yes, describe the nature of the rights to the intangible property that was transferred in the transfer :

{16733 00/0001/00585592 .DOC .2}



Form 926, Return by a U.S . Transferor or Property to a Foreign Corporation, reporting investment made by The Maclellan Foundation, Inc., a private foundation, during the calendar year 2002 is being filed with the Form 990-PF, Return of Private Foundation .

It is not clear that Regulations Section 1 .6038B-1(b)(3) applies to U. S. Tax Exempt Investors. It is also not clear that reporting is required for direct cash transfers not described under Internal Revenue Code Section 332, 351, 354, 355, 356 and 361.


r r

8886 Reportable Transaction Disclosure Statement Form OMB No 1545-1800

(Rev June 2004) " Attach t0 your tax return . Department of the Treasury t See separate instructions,

Attachment ~o . 137 Internal Revenue Service

Name(s) shown on return Identifying ntunber

THE MACLELLAN FOUNDATION, INC . 1 62-6041468 Number, street, and room or suite no

UNUMPROVIDENT BUILDING, ONE FOUNTAIN SQUARE, SUITE 501 City or town, state, and ZIP code

CHATTANOOGA, TN 37402 1a Name of reportable transaction 1b Tax shelter registration number (11-digits) (if any) TOTAL RETURN SWAP AND/OR CREDIT DEFAULT SWAP N/A 2 Identify the type of reportable transaction . Check the boxes) that apply (see instructions) .

f D Transaction with brief asset holding period c D Transaction with contractual protection

3 If the transaction is a "listed transaction" or substantially similar to a listed transaction, identify the listed transaction (see instructions) No. "CONTINGENT DEFERRED SWAP, NOTICE 2002-35"

DETAILS AVAILABLE 4 Enter the number of transactions reported on this form . . . . . . . . . . . . . . . . . . . . . . . . . . o- UPON REQUEST

5 If you invested in the transaction through another entity, such as a partnership, an S corporation, or a foreign corporation, identify the name and employer identification number (EIN) (if any) of that entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AQUITANIA (QP) PARTNERS, LP, EIN : 41-2003436

6 Enter in columns (a) and (b) below, the name and address of each person to whom you paid a fee with regard to the transaction if that person promoted, solicited, or recommended your participation in the transaction, or provided tax advice related to the transaction .

Form 8886 (Rev 8-2004)

ISA STF FED9241F 1

a M Listed transaction

b D Confidential transaction

d O Loss transaction

e D Transaction with significant book-tax difference

TO BE CLAIMED ON A PARTNER'S TAX RETURN .

Form 8886 {Rev 6-2004} STF FED9241 F 2

r e

Form 8886 (Rev B-2004) Page 2

7 Facts . Describe the facts of the transaction that relate to the expected tax benefits, including your participation in the transaction . For listed transactions identified in item 2a, also provide the complete name, address, and nature of involvement of all parties to the transaction (see instructions) .

SEE STATEMENT ATTACHED .

8 Expected tax benefits . Describe the expected tax benefits, including deductions, exclusions from gross income, nonrecognition of gain, tax credits, adjustments (or the absence of adjustments) to the basis of property, etc . (see instructions for more details) .

FUND WILL ACCOUNT FOR THE SWAP (S) UNDER REG . SECTION 1 .446-3 . IT IS EXPECTED

THAT PARTY A WILL RECOGNIZE SWAP EXPENSE DURING THE TERM CF THE SWAP (S) AND

MAY RECOGNIZE SWAP INCOME, BUT ONLY AT THE MATURITY OR OTHER TERMINATION

OF THE SWAP ( S ) .

9 Estimated tax benefits. Provide a separate estimate of the amount of each of the expected tax benefits described above for each affected tax year (including prior and future years) .

TAXPAYER IS A FUND WITH LIMITED PARTNERS . THE REGULAR ACTIVITY AND PURPOSE

OF THE FUND IS TO GENERATE A PRE-TAX ECONOMIC RATE OF RETURN . FUND GENERATES

INCOME AND LOSS FROM ITS REGULAR ACTIVITY AND PROVIDES RELEVANT INFORMATION

TO EACH PARTNER FOR PURPOSES OF FILING THEIR RESPECTIVE TAX RETURN . A

PARTNER'S SHARE OF ANY INCOME OR LOSS REFERRED TO ON LINE 8 IS AVAILABLE

{16733 00/0001/00630030 .DOC .}

THE MACLELLAN FOUNDATION, INC. PROTECTIVE DISCLOSURE, FORM 8886

2003

LINE 7: TAXPAYER, MAJESTY I, LP ("FUND"), IS A FUND THAT TRADES IN VARIOUS STOCK, SECURITIES AND RELATED FINANCIAL INSTRUMENTS FOR ITS OWN ACCOUNT. THE REGULAR ACTIVITY AND PURPOSE OF THE FUND IS TO GENERATE A PRE-TAX ECONOMIC RETURN FOR ITS INVESTORS. FUND HAS ENTERED INTO MANY OF THE SWAPS DISCUSSED BELOW AS PART OF THIS REGULAR ACTIVITY AND PURSUANT TO THIS SAME PURPOSE. THE TRANSACTION, TO WHICH FUND IS A PARTY, IS A TOTAL RETURN AND/OR CREDIT DEFAULT SWAP THAT IS EXPECTED TO REQUIRE A SERIES OF PAYMENTS FROM PARTY A TO PARTY B DURING THE TERM OF THE TRANSACTION WITH A POTENTIAL PAYMENT FROM PARTY B TO PARTY A AT THE MATURITY OR EARLY TERMINATION OF THE CONTRACT. IT IS POSSIBLE THAT THE FUND COULD BE PARTY A IN CERTAIN TRANSACTIONS AND PARTY B IN OTHER DISTINCT TRANSACTIONS . THE BACK-END PAYMENT IS NOT DESCRIBED IN THE TRANSACTION DOCUMENTS AS THE SUM OF TWO AMOUNTS. FUND DOES NOT BELIEVE THAT THE SWAPS THEY ENGAGE IN ARE SUBSTANTIALLY SIMILAR TO THE CONTINGENT DEFERRED SWAP IN NOTICE 2002-35. HOWEVER, DUE TO THE LACK OF CERTAINTY FUND IS DISCLOSING THESE TRANSACTIONS ON A PROTECTIVE BASIS.

A

1 a Name of reportable transaction i 1 b Tax shelter registration number (11-digits) (if any)

Total Return Swap/Credit Default Swa A

5 If you invested in the transaction through another entity, such as a partnership or an S corporation, or a foreign corporation, identify the name and employer identification number (EIN) (if any) of that entity , , , , . , _~ AQUITANIA PARTNERS, LP, EIN :~~41-2003359 ,

6 Enter in columns ( a) a nd ( b) b elow, the name and address of each person to whom you p aid a f ee w ith regard to the transaction if that person promoted, solicited, or recommended your participation in the transaction, or provided tax advice related to the transaction .

N/A

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

rortn aaao (J-1UU3)

JSA

3X4055 2 000

r r r

PROTECTIVE DISCLOSURE

For~ 8886 Reportable Transaction Disclosure Statement OMB No. 1545-,soo (March 2003)

Department d the Treasury ~Attach to y01 1r tax return.

Attachment mtemai Rerenue senwce lo. See separate Instructions. Sequence No

. `137

Name(s) shown on return Identifying number

THE MACLELLAN FOUNDATION, INC . 62-6041468 Number, street, and room or suite no. '501 UNUMPROVIDENT BUILDING, ONE FOUNTAIN SQUARE City or town, state, and ZIP code CHATTANOOGA, TN 37402

2 Identify the type of reportable transaction . Check the boxes) that apply. (see instructions)

(a) x Listed transaction (d) N Loss transaction (b) Confidential transaction (e) Transaction with significant book-tax difference (c) [~ Transaction with contractual protection (fl Transaction with brief asset holding period

3 If the transaction is a "listed transaction" or substantially similar to a listed transaction, identify the listed transaction (See instructions) Contingent Deferred Swap, Notice 2002-35

4 Enter the number of transactions reported on this form . . . . . . . . . . . . . . . . . . . . . . . . . lip. At least 7

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- - - ~ f

r r

Fornt 8886 (3-2003) Page 2

7 Facts. Describe the facts of the transaction that relate to the effected tax benefits, including your participation in the transaction .

see exhibit A.

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8 Expected tax benefits . Describe the effected tax benefits, including deductions, exclusions from gross income, nonrecognition of gain, tax credits, adjustments (or the absence of adjustments) to the basis of property, etc . See instructions for more details.

Fund will account for the wraps under Reg= Section 1 .446-3 . It is expected that Party A ----------- ----------- -----------

will recognize swap expense during the term of the swaps sad may recognise swap income,

but only at periodic points and/or maturity or other termimatioa of the sovaps .

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9 Estimated tax benefits . Provide a separate estimate of the amount of each of the expected tax benefits described above for each affected tax year (including prior and future years) .

Taxpayer is a Fund with limited partners . The regular activity and purpose of the Fund - ------------------ ----------

is to generate a pre tax economic rate of return . Fund generates income and loan from

its regular activity and provides relevant information to each partner for purposes -of

filing their respective tax return . A partner's share of any income or loss refereed to

on Line 8 is available to be claimed on a partner's tax return fox 2003 . - ---------------------------------------- ---------------------------------------

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JSA Fortn8886 (3-2003)

3Xa056 1 .000

r

Taxpayer, Aquitania Partners, LP ("Fund") is a Fund that trades in various stock, securities and related financial instruments for its own account. The regular activity and purpose of the Fund is to generate a pre tax economic return for its investors. Fund has entered into the swaps discussed below as part of this regular activity and pursuant to this same purpose. The transactions, to which Fund is a Party, are total return and credit default swaps that are expected to require a series of payments from Party A to Party B during the term of the transaction with a potential payment from Party B to Party A at periodic points and/or at maturity or early termination of the contract . It is possible that the Fund could be Party A in certain transactions and Party B in other distinct transactions. The potential back-end payment is not described in the transaction documents as the sum of two amounts. Fund does not believe that swaps they engage in are substantially similar to the contingent deferred swap in Notice 2002-35. However, due to the lack of certainty Fund is disclosing these transactions on a protective basis.

Aquitania Partners, LP 41-2003359 Form 8886, Item 7 Exhibit A

The following contributions of UNUMProvident Corporation common stock were made during the year . The fair market value of the contributions are based on the average of the high and low stock market quotes on the day of the transfer. All of the shares were held in excess of one year . The holding period dates back prior to 1969 .

Book Fair Market Value Value

Date of Gift

{1673300/0001/006301 00.DOC .}

THE MACLELLAN FOUNDATION, INC. CHATTANOOGA, TENNESSEE

2003 PART XV, LINE 3(a) - GRANTS AND CONTRIBUTIONS PAID DURING THE YEAR

CONTRIBUTIONS OF UNUMPROVIDENT CORPORATION COMMON STOCK

National Christian Charitable Foundation (Purpose - Church Services) Atlanta, Georgia

UNUMProvident Corporation common stock 09-15-03 48,400 shares @ $15.025 32,907 727,210 09-22-03 48,400 shares @ $15.030 32,907 727,452 09-29-03 48,400 shares @ $14.905 32,907 721,402 10-06-03 48,400 shares @ $15.450 32,907 747,780 10-14-03 48,400 shares @ $15.655 32,907 757,702 10-21-03 48,400 shares @ $15.595 32,907 754,798 10-27-03 48,400 shares @ $15.510 32,907 750,684 11-03-03 48,400 shares @ $16.565 32,907 801,746 11-10-03 48,400 shares @ $14.895 32,907 720,918 11-17-03 48,400 shares @ $14.195 32,907 687,038 11-24-03 48,400 shares @ $14.645 32,907 708,818 12-01-03 48,400 shares @ $15.020 74,518 726,968 12-08-03 48,400 shares @ $14.875 154,349 719,950 12-15-03 28,300 shares @ $14.805 90,250 418,982

Total Stock Contributions -2,01,448

{16733 00/OOOt/00630100.DOC.}


2403

PART XV, LINE 3(b) - CONTRIBUTIONS APPROVED FOR FUTURE PAYMENT

All grants and contributions are made to public charities exempt under Section 501(c)(3) of the Internal Revenue Code.

Chattanooga and National Ministries : Art & Civic 760,000

Allied Arts of Greater Chattanooga, Chattanooga, TN Community Foundation of Greater Chattanooga, Chattanooga, TN

Christian Education 3,741,750 Covenant College, Lookout Mountain, GA McCallie School, Chattanooga, TN

Church Strengthen 20,000 Olivet Baptist Church, Chattanooga, TN

Family/Fatherhood 224,000 First Things First, Inc., Chattanooga, TN Great Dads, Fairfax Station, VA Marriage Savers, Inc., Potomac, MD MOPS International, Inc., Denver, CO

Human Services 1,250,000 Chattanooga Area Food Bank, Chattanooga, TN Children's Home (Chambliss/Vine St . Home), Chattanooga, TN Front Porch Alliance, Chattanooga, TN Prison & Prevention Ministries, Inc., Chattanooga, TN Turning Point Ministries: Transformation, Chattanooga, TN United Way of Greater Chattanooga, Chattanooga, TN

Leadership 455,000 -- Cambridgeport Baptist Church (Veritas Forum), Columbus, OH

Generous Giving, Inc., Chattanooga, TN Public Policy - Judeo Christian Values 25,174

Bannockburn Institute (Center for Bioethics & Human Dignity), Deerfield, IL Youth 337,420

National Center for Youth Issues, Inc., Chattanooga, TN Children First Tennessee, Chattanooga, TN Public School Bible Study Committee, Chattanooga, TN Student Venture of Chattanooga (Campus Crusade for Christ),

Chattanooga, TN YMCA-Camp Ocoee, Chattanooga, TN


2003 PART XV, LINE 3(b) - CONTRIBUTIONS APPROVED FOR FUTURE PAYMENT

(CONCLUDED)

6,582,797 American Bible Society, New York, NY Bible Training Centre for Pastors, Tucker, GA DAWN Ministries, Colorado Springs, CO Institute for Global Engagement, Washington, DC Interdev (International Development), Seattle, WA Mailbox Club, Inc., Valdosta, GA Mentorlink.org, Colorado Springs, CO Overseas Council for Theological Education & Missions, Inc.,

Indianapolis, IN Wycliffe Bible Translators, Inc., Orlando, FL World Relief Corp of National Association of Evangelicals,

Baltimore, MD

{16733 00/0001/00630100 .DOC .}

International Evangelical Missions: Asia

Campus Crusade for Christ, Inc. Orlando, FL Institute of Chinese Studies (dba ChinaSource), Fullerton, CA DAWN Ministries (North India), Colorado Springs, CO Thornston Educational Fund, Glendora, CA HBI Ministries, International (HBI Global Partners), Forest, VA International Service Fellowship USA (Interserve), Upper Darby, PA Operation Mobilization, Tyrone, GA World Evangelical Fellowship, Edmonds, VA

Europe Central Asian Partners, Marietta, GA Country Network, Inc., Englewood, CO Lookout Mountain Presbyterian Church (Central Asia),

Lookout Mountain, TN Send International, Farmington, MI

Global

6,388,653

278,000

Total Contributions Approved for Future Payment 20.062.794

Form 8868 (December 2000 Deportnbnt of the Trweuy Inuxnal Rsvawe service

Application for Extension of Time To File an Exempt Organization Return oMa No . 1545-1709

1 ~e 8 for each return .

" If you are filing for an Automatic 3-Month Extension, complete only Part 1 and check this box . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .. . . . . . . . . . . . . . . . . . 1 []X " If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part II (on page 2 of this form) . Note: Do rat complete Part 11 unless you have already been granted an automatic 3-month extension on a previously filed Form 8888 .

P < Automatic 3-Month Extension of Time - only submit origins! (no copies needed

Note: Form 990-T corporations requesting an automatic 6-month extension - check this box and complete Part 1 only . . . . . . .. . . . . . . . . . . . . . . . .. )P- a All other corporations (ncludmg Form 990-C film* must use Form 7004 to request an extension of time to file income tax returns. Partnerships, REM1Cs and trusts must use Form 8736 to request an extension of time to file Form 1065, 1066, or 1041 .

62-6041468 THE MACLELLA.N FOUNDATION, INC . Number, street, and room a suite no. If a P.O . box, see instructions. UNUMPROVIDENT BUILDING, ONE FOUNTAIN SQUARE, NO .

File by tie due date for Ming

your r,. s» Inswc4ons. City, town or post office, state, and ZIP code. For a foreign address, see instructions.

CHATTANOOGA, TN 37402

323831 asm-a3

Type or print

Name of Exempt Organization Employer identification number

Check type of return do be filed (file a separate application for each return):

Form 990 E:J Form 990-T (corporation) 0 Form 4720 [] Form 990-BL D Form 990-T (sec . 407 (a) or 408(a) trust) D Form 5227

Form 990-EZ ~ Form 990-T (trust other than above) o Form 6069 OX Form 990-PF D Form 1041-A 0 Forth 8870

10- = 2 0 If the organization does not have an office or place of business in the United States, check this box _ . . . . . . . . . . . . . . . . . . . . ., . . . . . . . . . . . . . . . .. . . . . * if this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN . If this is for the whole group, check this box " = . If h is for part of the group, check this box 1 = and attach a list with the names and EINs of all members the extension will cover.

1 I request an automatic 3-month (6-month, for 990-7 corporation ) extension of time unto AUGUST 16, 2004 to file the exempt organization return for the organization named above . The extension is for the organization's return for: " M calendar year 2 0 0 3 or " D tax year beginning , and ending

2 If this tax year is for less than 12 months, check reason: 0 Initial return D Final return Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . . . .. .. . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . .. . . . .. . . . . . . . . . . . . . . . . . . . . .. . . . . . . . $ 19 2,399 .

b If this application is for Form 990-PF a 990-T, enter any refundable credits and estimated tax payments made . Include any prior year overpayment allowed as a credit . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . _ $ 418,982 .

c Balance Due. Subtract line 3b from line 3a . Include your payment with this form, or, if required, deposit with F'fD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System) . See instructions . . . . . . . . . . . . . . .. . . . . . . . . $ 0

Signature and Verification

Under penalties of perjury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete, and that I am authorized to prepare this form.

Si nature " ` Title " Date " a'r7 i 7 ̀ LHA Fo perworic Reduction Act Notice, sea instruction Form 8868 (12-2000)

arm 8868(12-2000) Page 2

o If you are filing for an Additional (not automatic) 3-Month Extension, complete only Part i1 and check this box . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . [X Note: Only complete Part Ii if you have already been granted an automatic 3-month extension on a previously filed Form 8868. 0 If you are filing for an Automatic 3-Month Extension, complete only Part 1 (on page 1) .

Additional snot automatic) 3-Month Extension of Time - Must file Original and One CoDv.

Type or Name of Exempt Organization

print. ~HE AIACLELLAN FOUNDATION . INC . 62-6041468

Director Date Alternate Mailing Address - Enter the address if you want the copy of this application for an additional 3-month extension returned to an address different than the one entered above.

Name JUDITH A. HICKS, C .P .A .

Type Number and street Include suite, room, or apt. no .) Or a P.O. box number or print 11000 TALLAN BUILDING, TWO UNION SQUAD

City or town, province or state, and country (including postal or ZIP code) CHATTANOOGA, TN 37402-2500

Form 8868 (12-2000)

Employer identification number

Rle by the � dam Number, street, and room or suite no. If a P.O. box, see instructions . For IRS use only

duedatefor NUMPROVIDENT BUILDING, ONE FOUNTAIN SQUARE, filing the

City, town or post office, state, and ZIP code. For aforeign foreig n address, see instructions . "

-al ~s- CHATTANOOGA, TN 374 0 2 ':� ::: v>;

. ;.Y : - . .

Check type of return to be filed (File a separate application for each return): Form 990 F - I Form 990-EZ 0 Form 990-T (sec . 4010 or 408(a) trust) o Form 1041-A 0 Form 5227 D Form 8870

D Form 990-BL o Form 990-PF 0 Form 990-T (trust other than above) [-I Form 4720 0 Form 6069

STOP: Do not complete Part 11 if you were not already granted an automatic 3-month extension on a previously filed Form 8868.

0 If the organization does not have an office or place of business in the United States, check this box . . . . . . . .. . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . .

. . 0 If this is for a Group Return, enter the organization's four digit Group Exemption Number (GEN) . If this is for the whole group, check this box 1 = . If it is for part of the group, check this box " o and attach a list with the names and EINs of all members the extension is for .

4 I request an additional 3-month extension of time until NOVEMBER 15, 2004 . 5 For calendar year 2 4 d 3 , or other tax year beginning and ending 6 If this tax year is for less than 12 months, check reason : 0 Initial return ~ Final return D Change in accounting period 7 State in detail why you need the extension

8a If this application is for Form 990-BL, 99Q-PF, 99Q-T. 4720, or 6069, enter the tentative tax, less any nonrefundable credits . See instructions . . . . . . . . . . -- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . $ 1 9 1,957 .

If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit and any amount paid previously with Form 8868 . . . . . . . . . . . . . . . . . . . . . . . . .. . . . .. . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . $ 418,982 .

Balance Due. Subtract line 8b from fine 8a. Include your payment with this form, or, if required, deposit with FTD coupon or, if required, by using EFTPS (Electronic Federal Tax Payment System). See instructions . . . . . . . . . . . . . . . . . . . . . . . $ 4

Signature and Verification Under penalties of penury, I declare that I have examined this form, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, corr"d complete, and that I am ai~rorrzed to prepare this forth .

>i nature Title " Date Notice to Applicant - To Be Completed by the IRS

We have approved this application . Please attach this form to the organization's return . 0 We have not approved this application . However, we have granted a 1 0-day grace period from the later of the date shown below or the due

date of the organization's return (including any prior extensions) . This grace period is considered to be a valid extension of time for electrons otherwise required to be made on a timely return . Please attach this form to the organization's return .

D We have not approved this application . After considering the reasons stated in item 7, we cannot grant your request for an extension of time to file . We are not granting the 10-day grace period. We cannot consider this application because it was filed after the due date of the return for which an extension was requested.

o Other

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