View source for LIC-05-0026, Decommissioning Funding Plan Trust Agreement Annual Accounting

{{Adams
| number = ML050600064
| issue date = 02/28/2005
| title = Decommissioning Funding Plan Trust Agreement Annual Accounting
| author name = Herman J
| author affiliation = Omaha Public Power District
| addressee name = Dusaniwskyj M
| addressee affiliation = NRC/NRR/DRIP
| docket = 05000285
| license number = DPR-040
| contact person = 
| case reference number = LIC-05-0026
| document type = Decommissioning Funding Plan DKTs 30, 40, 50, 70, Financial Assurance Document, Letter type:LIC
| page count = 39
}}

=Text=
{{#Wiki_filter:Omaha Public Power District 444 South 16th Street Mall Omaha NE 68102-2247 February 28,2005 LIC-05-0026 U. S. Nuclear Regulatory Commission Attn: Michael A. Dusaniwskyj Division of Regulatory Improvement Program Financial Regulatory Analysis Section Mail Stop OWFN - 12D1 Washington, DC 20555

==Reference:==
Docket No. 50-285

==SUBJECT:==
Fort Calhoun Station Decommissioning Funding Plan Trust Agreement Annual Accounting

==Dear Mr. Dusaniwskyj :==

As required by the Fort Calhoun Station Decommissioning Funding Plan Trust Agreement, attached is a copy of the Omaha Public Power District's Annual Accounting for the period of January 1,2004 through December 3 1,2004.
If you have any questions or require additional information, please contact John Thurber at (402) 636-3056.
Sincerely, Nuclear Licensing JBH/mle Attachment Employment with Equal Opportunity

LIC-05-0026 Attachment Omaha Public Power District Fort Calhoun Station Decommissioning External Trust Fund Annual Accounting for 2004

        @ First National Bank PO BOX 3327 OMAHA NE 68103 766-1                                                    STATEMENT OF ACCOUNT FOR THE PERIOD 0 1 / 0 1 / 0 4 THROUGH 1 2 / 3 1 / 0 4 OHAHA PUBLIC POWER DISTRICT FORT CALHOUN STATION DECOHMIS-SIONING EXTERNAL TRUST FUND ACCOUNT NUMBER:         1026446208 MR. JOHN W. THURBER OHAHA PUBLIC POWER DISTRICT 4 4 4 S. 16TH ST HALL OHAHA NE 6 8 1 0 2 - 2 2 4 7 i
FOR QUESTIONS CALL:       JOHN LENIHAN PHONE :                   ( 4 0 2 1 633-3417 BRANCH ADDRESS :          4 4 4 S 16TH STREET OHAHA NE 6 8 1 1 4

             @ First NationalBank PO BOX 3327 OMAHA NE 68103 768-2 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1 0 2 6 4 4 6-2 0-8                                                                                                     PAGE:  1 FOR THE PERIOD 01/01/04    THROUGH 12/31/04 PRINCIPAL         INCOME    REALIZED DATF        TRANSACTION DESCRIPTION                                                              CASH            CASH      GAINILOSS BEGINNING BALANCES                                                                      t o . 00       $0.00 01/02/04       CASH RECEIPT OF DIVIDEND EARNED ON                                                                     40.67 GOLDMAN SACHS F I N SQUARE GOVT FD#466 DIVIDEND FROH 1 2 /1 / 0 3 TO 12/31/03 0 1/O 5/ 0 4   CASH RECEIPT OF INTEREST EARNED ON                                                                94,868.75 FHLB BDS                        5.375X    1/05/04 f 0 . 0 2 6 8 7 5 / $ 1 PV ON 3,530,000 PAR VALUE DUE 1 / 5 / 0 4 01/05/04       HATURED 3 ~ 5 3 0 , 0 0 0 PAR VALUE OF                                        3,530,000.00                   102,885.38-FHLB BDS                         5.375% 1/05/04 TRADE DATE 1/5/04 3,530,000 PAR VALUE AT 1 0 0 X 01/05/04       CASH RECEIPT OF DIVIDEND EARNED ON                                                               408,124.63 WESTERN ASSET TRUST COREPORT*
01/05/04       CASH DISBURSEMENT                                                                                408,124.63-TRANSFER TO PRINCIPAL 01 / 0 5 / 0 4 CASH RECEIPT                                                                      408,124.63 TRANSFER FROM INCOHE 01/05/04       PURCHASED 35,213.514 UNITS OF                                                     408,124.63-WESTERN ASSET TRUST COREPORT*
TRADE DATE 1/2/04 REINVESTHENT OF INCOME RECEIVED 1/2/04 01/05/04       PURCHASED 3,775,000 PAR VALUE OF                                               3,774,821.74-FNMA SER BB DTD 01/13/03                  1/O 7/04 TRADE DATE 1/2/04 3,775,000 PAR VALUE AT 99.99528 $!
01/07/04       MATURED 3,775,000 PAR VALUE OF                                                 3,774,821-74 FNHA SER B B DTD 01/13/03                 1/07/04 TRADE DATE 1 /7 / 0 4 3,775,000         PAR VALUE AT 1 0 0 %

        @ First National Bank PO BOX 3327 OMAHA NE 68103 768-3 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                                PAGE:   2 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOME      REALIZED DATF    TRANSACTION DESCRIPT I O N                                                 CASH         CASH         S;A I N/L OSS 01/07/04  CASH RECEIPT OF INTEREST EARNED ON                                                       178.26 FNHA SER BB DTD 01/13/03             1/07/04 3,7751000 PAR VALUE AT 100 X 01/07/04  PURCHASED 1.775,OOO PAR VALUE OF                                      1i775100O.OO-FHLB                   1.310X 11/30/04 TRADE DATE 12/31/03 117751OO0PAR VALUE AT 100 X 01/07/04  PURCHASED 2,000,000 PAR VALUE OF                                      210001000.00-FHLB                    1.310% 11/30/04 TRADE DATE 1/6/04 210001000 PAR VALUE AT 1 0 0 %
01/09/04  CASH RECEIPT OF INTEREST EARNED ON                                                  18,381.25 FHLB BDS               2.125% 1/09/07
          )0.010625/fl PV ON 1,730,000 PAR VALUE DUE 1/9/04 01/12/04  CASH RECEIPT OF INTEREST EARNED ON                                                  29 I 5 0 0 . 0 0 FFCB flTN              5.000% 1/10/05
          $0.0295/$1 PV ON 1~0001000PAR VALUE DUE 1/10/04 01/23/04  CASH RECEIPT OF INTEREST EARNED ON                                                  571000. 00 FHLB BDS               2.375X 1/23/07
          $0.011875/$1 PV ON 4 , 8 0 0 , 0 0 0 PAR VALUE DUE 1/23/04 02/02/04  CASH RECEIPT OF DIVIDEND EARNED ON                                                         39.29 GOLDHAN SACHS F I N SQUARE GOVT FD1466 DIVIDEND FROfl 1/1/04 TO 1/31/04 02/02/04  CASH RECEIPT OF INTEREST EARNED ON                                                  951875.00 COMMERCIAL CR CO       6.500% 8/01/04
          $0.0325/$1 PV ON 2,9501000 PAR VALUE DUE 2/1/04 02/02/04  CASH RECEIPT OF INTEREST EARNED ON                                                  521780.00 FFCB HTN                 8.120%02/01/05
          $0.0406/$1 PV ON 11300,000 PAR VALUE DUE 2/1/04

          @ First National Bank PO BOX 3327 OMAHA NE 68103 768-4 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1026446208                                                                                       PAGE :  3 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOME  REALIZED OATE         TRANSA CTION DESCRIPTION                                            CASH          CASH       N/I oss GA I 0 210 2/0 4  CASH RECEIPT OF INTEREST EARNED ON                                            116,000.00 FHLMC MTN             4.000%  8/02/06 80.02/#1 PV ON 5,800,000 PAR VALUE DUE 2/2/04 02/02/04     CASH DISBURSEMENT                                                             464,623              TRANSFER TO PRINCIPAL 0 210 2/ 0 4 CASH RECEIPT                                                     464,623.93 TRANSFER FROH INCOME 0 2/03/04    CASH RECEIPT OF DIVIDEND EARNED ON                                            170,237.28 WESTERN ASSET TRUST COREPORT*
02/03/04     CASH DISBURSEMENT                                                             170,237.28-TRANSFER TO PRINCIPAL 02/03/04     CASH RECEIPT                                                     1701237.28 TRANSFER FROM INCOME 02/03/04     PURCHASED 14,612.642 UNITS OF                                    170,237.28-WESTERN ASSET TRUST COREPORT*
TRADE DATE 2/2/04 REINVESTMENT OF INCOME RECEIVED 2/2/04 0 210 4/0 4  CASH RECEIPT OF INTEREST EARNED ON                                             36,000.00 FHLMC NTS             i.8aox 8/04/05 ro.009/:1 PV ON 4.000,ooa PAR VALUE DUE 2/4/04 0 2/04/04    PURCHASED 407,000 PAR VALUE OF FHLB DISC DTD 03/03/03        2/25/04 TRADE DATE 2/4/04 407,000 PAR VALUE AT 99.94283 %
02/18/04     CASH RECEIPT OF INTEREST EARNED ON                                             67,500.00 FHLHC SER MTN2        3. OOOX 8/18/06 80.015/81 PV ON 4,500,000 PAR VALUE DUE 2/18/04

         @ First National Bank PO BOX 3327 OMAHA NE 68103 768-5 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST                                                                                             PAGE:  4 ACCOUNT: 1026446208 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOME  REALIZED DATE                                                                                       CASH           CASH     S;AIN/LOSS TRANSAC TION DESCRIPTIOY 0 2/18/04   PURCHASED 2 ~ ~ 0 0 1 0 PAR     0 0 VALUE OF FNHA                             2.030): 2/09/06 TRADE DATE 2/17/04 PURCHASE INTEREST            t1~268.75
               ~ I ~ O O I O OPAR O VALUE AT 100 X 02/18/04    P A I D ACCRUED INTEREST ON PURCHASE OF                                                       I 1 268 75-s FNMA                             2.030): 2/09/06 02118 / 0 4 PURCHASED 2,0601OQO PAR VALUE OF                                               210541077.50-GENL ELEC DISC CP                             5/28/04 TRADE DATE 2/17/04 210601000PAR VALUE AT 99.7125 %
02/16/04    FULL CALL                                                                      4,500,000.00 4,500.000 6 1 PV FHLMC SER HTN2                   3.000):      8/18/06 ON 0 2 / 1 8 / 0 4 AT ( 1 . 0 0 02/25/04    CASH RECEIPT OF INTEREST EARNED ON                                                           401000.00 FFCB BDS                         5.000% 8/25/10 C0-025/$1 PV ON 1,6OOiOOO PAR VALUE DUE 2/25/04 02/25/04   CASH RECEIPT OF INTEREST EARNED ON                                                           66,000.00 FHLMC HTN                        3 . 0 0 0 X 8/25/06 80.035/61 PV ON ~ I ~ O O I O PAR          O O VALUE DUE 2/25/04 02/25/04   CASH RECEIPT OF INTEREST EARNED ON                                                           55, 343.75 HORGAN JP b CO I N C             5.750X 2/25/04 S0.02875/61 PV ON lr9251OOO PAR VALUE DUE 2/25/04 02/ 25104  PURCHASED 3,330,000 PAR VALUE OF                                               313671462.50-FNHA                              3.550X 12/03/07 TRADE DATE 2/24/04 PURCHASE INTEREST 626,926.75 313301000PAR VALUE AT 101.125 X 02/25/04   P A I D ACCRUED INTEREST ON PURCHASE OF                                                      261926.75-FNMA                              3.550% 12/03/07

            @ First NationalBank PO BOX 3327 OMAHA NE 68103 768-6 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                                                   PAGE:  5 FOR THE PERIOD 0 1 / 0 1 / 0 4 THROUGH 1 2 / 3 1 / 0 4 PRINCIPAL          INCOME  REALIZED DATE        TRAMSACTI ON DESCRIPTION                                                                   CASH             CASH    GAIN/LOSS 02 / 2 5 / 0 4 PURCHASED 3 , 4 6 0 , 0 0 0 PAR VALUE OF                                              3,479,687.40-FNHA                            3.300% 12/11/06 TRADE DATE 2 / 2 4 / 0 4 PURCHASE INTEREST           ~23,470.33 3 1 4 6 0 , 0 0 0 PAR VALUE AT 1 0 0 . 5 6 9 X 02/25/04       P A I D ACCRUED INTEREST ON PURCHASE OF FNHA                            3.300X 1 2 / 1 1 / 0 6 02/25/04       MATURED 1 , 9 2 5 , 0 0 0 PAR VALUE OF                                                lr925r000.00                 681453.00-MORGAN J P b CQ I N C           5.750% 2/25/04 TRADE DATE 2 / 2 5 / 0 4 1 , 9 2 5 , 0 0 0 PAR VALUE AT 100 X 02/25/04       HATURED 4 0 7 , 0 0 0 PAR VALUE OF                                                      406,767.33 FHLB D I S C DTD 0 3 / 0 3 / 0 3           2/25/04 TRADE DATE 2 / 2 5 / 0 4 4 0 7 , 0 0 0 PAR VALUE AT 100 i:
0 2 / 2 5 / 04 CASH RECEIPT OF INTEREST EARNED ON                                                                          232.67 FHLB DISC DTD 0 3 / 0 3 / 0 3              2/25/04 4 0 7 , 0 0 0 PAR VALUE AT 100 X 02 / 2 5 / 0 4 FULL CALL                                                                             4,400,000.00 4 , 4 0 0 , 0 0 0 $1 PV FHLHC HTN                       3.000X     8/25/06 ON 0 2 / 2 5 / 0 4 AT $ 1 . 0 0 02/26/04       PURCHASED 2 , 5 3 0 , 0 0 0 PAR VALUE OF                                              2,529,935.34-FHLB D I S C DTD 0 3 / 0 4 / 0 3           2/27/04 TRADE DATE 2 / 2 5 / 0 4 2 , 5 3 0 1 0 0 0 PAR VALUE AT 9 9 . 9 9 7 4 4 %
02/26/04       HATURED 2 , 5 2 5 , 0 0 0 PAR VALUE OF                                                2,497,842.57 FHLHC SER RB DTD 0 2 / 2 6 / 0 3           2/26/04 TRADE DATE 2 / 2 6 / 0 4 2 , 5 2 5 , 0 0 0 PAR VALUE AT 100 X

         @ First NationalBank PO BOX 3327 OMAHA NE 68103 766-7 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1026446208                                                                                                PAGE:  6 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOME  REALIZED DATE    TRANSACTIONSCRIPTIOY                                                         CASH            CASH    SAINILOSS 02/26/04   CASH RECEIPT OF INTEREST EARNED ON                                                       27 ,157.43 FHLHC SER RB DTD 02/26/03                2/26/04 2,525,000 PAR VALUE AT 100 %
02/27/04   CASH RECEIPT OF INTEREST EARNED ON                                                       6 9 437.50 FHLHC NTS                    5 . 0 5 0 ~ 8/27/10
           $0.02525/$1 PV ON 2,750,000 PAR VALUE DUE 2/27/04 02/27/04   PURCHASED 2 ~ 5 2 0 1 0 0 0PAR VALUE OF FHLMC                        3 . 1 2 5 ~ 8/27/07 TRADE DATE 2/23/04 2 , 5 2 0 ~ 0 0 0 PAR VALUE AT 100 $!
02/27/04   MATURED 2 ~ 5 3 0 , 0 0 0 PAR VALUE OF                                    2r5291935.34 FHLB D I S C DTD 03/04/03                2/27/04 TRADE DATE 2/27/04 2 , 5 3 0 ~ 0 0 0PAR VALUE AT 100 X 0 2/27/04  CASH RECEIPT OF INTEREST EARNED ON                                                             64.66 FHLB D I S C DTD 03/04/03                2/27/04 Z I ~ ~ O I O PAR O O VALUE AT 100 X 0 2/27/06  FULL CALL                                                                 217501000.00 2,750,000 $1 PV FHLHC NTS                    5 . 0 5 0 ~ 8/27/10 ON 02/27/04 AT $1.00 0 2/27/04  PURCHASED 2 , ~ 0 0 , 0 0 0PAR VALUE OF                                   2,a00,000.00-FHLHC                        3.125% 8/27/07 TRADE DATE 2/23/04 2 , ~ 0 0 D 0 0 0PAR VALUE AT 100 x 0 310 1/06 CASH RECEIPT OF DIVIDEND EARNED ON                                                             18.86 GOLDMAN SACHS F I N SQUARE 60VT FDY466 DIVIDEND FROM 2 / 1 / 0 4 TO 2 / 2 9 / 0 4 03/01/04  CASH DISBURSEMENT                                                                       310~109.47-TRANSFER TO PRINCIPAL

            @ First National Bank PO BOX 3327 OMAHA NE 68103 768-8 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST                                                                                                                  PAGE:   7 ACCOUNT: 1026446208 FOR THE PERIOD 0 1 / 0 1 / 0 4 THROUGH 1 2 / 3 1 / 0 4 PRINCIPAL              INCOME  REALIZED DATE           TRANSACTION DESCRIPT I O N                                                                    CASH                   CASH    GAIN/L oss 03/01/04       CASH RECEIPT                                                                                 3108109.47 TRANSFER FROH INCOME 03/02/04       CASH RECEIPT OF DIVIDEND EARNED ON                                                                               1618152.64 WESTERN ASSET TRUST COREPORT*
03/02/04       CASH DISBURSEflENT                                                                                               161,152.64-TRANSFER TO PRINCIPAL 03/02/04       CASH RECEIPT                                                                                 161,152.64 TRANSFER FROH INCOME 03 / 0 2 / 0 4 PURCHASED 1 3 1 7 0 3 . 4 5 6 UNITS OF                                                       1611152.64-WESTERN ASSET TRUST COREPORT*
TRADE DATE 3 / 1 / 0 4 REINVESTMENT OF INCOME RECEIVED 3 / 1 / 0 4 03/05/04       PURCHASED 21862,OOO PAR VALUE OF                                                           2,861,028.51-FHLB DISC                                       3/18/04 TRADE DATE 3 / 4 / 0 4 2 , 8 6 2 1 0 0 0 PAR VALUE AT 9 9 . 9 6 6 0 6 X 03/05/04       MATURED 2 1 8 3 0 , 0 0 0 PAR VALUE OF FNHA DISC D I D 0 3 / 1 1 / 0 3                 3 / 05/04 TRADE DATE 3 / 5 / 0 4 2 ~ 8 3 0 1 0 0 0PAR VALUE AT 100 X 03/05/04       CASH RECEIPT OF INTEREST EARNED ON FNHA DISC DTD 0 3 / 1 1 / 0 3                   3 / 0 5 10 4 2 , 8 3 0 , 0 0 0 PAR VALUE AT 100 X 0311 2 / 0 4   CASH RECEIPT OF INTEREST EARNED ON FNHA                              4.375X        3/12/09
               $ 0 . 0 2 1 8 7 5 / $ 1 PV ON 4 , 4 0 O 1 0 0 0 PAR VALUE DUE 3 / 1 2 / 0 4

       @ First National Bank PO BOX 3327 OMAHA NE 68103 768-9 TRANSACTIONS OPPD FORT CALHOUN DECOfl TRUST                                                                            PAGE : 8 ACCOUNT: 1026446208 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL      INCOHE DATE     TRANSACTION DESCRIPTIOY                                                    CASH         CASH 03/12/04   PURCHASED 483758000 PAR VALUE OF FNMA NTS                 3.500X 10/15/07 TRADE DATE 3/11/04 PURCHASE INTEREST $628526.04 48375,000 PAR VALUE AT 101.29 X 03/12/06   P A I D ACCRUED INTEREST ON PURCHASE OF FNMA NTS                 3.500% 10/15/07 03/12/04   FULL CALL                                                             4,400,000.00 4,400,000    E l PV FNflA                    4.375X      3/12/09 ON 03/12/04 AT 81.00 03/15/04   CASH RECEIPT OF INTEREST EARNED ON                                                  232,300-00 FNHA NTS                 5 . 0 5 0 X 9/15/10
           $0.02525/E1 PV ON 912008000 PAR VALUE DUE 3/15/04 03/18/04   PURCHASED 3~100,000PAR VALUE OF                                       31100~000~00~
FHLHC                    3.0OOX 9/18/07 TRADE DATE 3/2/04 3~1001000PAR VALUE AT 100 %
03118/0 4  MATURED 2,8621000 PAR VALUE OF                                        28861,028.51 FHLB DISC DTD 03/24/03               3/18/04 TRADE DATE 3/18/01 2r8628000-PAR~   VALUE AT loo x 03/18/04   CASH RECEIPT OF INTEREST EARNED ON                                                      971.49 FHLB DISC DTD 03/24/03               3/18/04 288628000 PAR VALUE AT 100 x 03/22/04   CASH RECEIPT OF INTEREST EARNED ON                                                   99,750.00 FNHA SER BB              5.250X 3/22/07 00.02625/$1 PV ON 31800,000 PAR VALUE DUE 3/22/04

               @ First National Bank PO BOX 3327 OMAHA NE 68103 768-10 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                           PAGE:  9 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOME    REALIZED DATE      TRANSACT1ON DESCRIPTION                                               CASH          CASH      GAIN/LOSS 03/22/04     FULL CALL                                                        3,800t000.00               152,000.00-3 , 8 0 0 , 0 0 0 $1 PV FNMA SER BB             5.250%   3/22/07 ON 03/22/04 AT 81.00 03/22/04     PURCHASED 3,850,000 PAR VALUE OF                                 3,845,854.83-VOLKSWAGEN DISC CP               4/29/04 TRADE DATE 3/19/04 3,850,000 PAR VALUE AT 99.89233 X 03/31/04     CASH DISBURSEMENT TRANSFER TO PRINCIPAL 03/31/04     CASH RECEIPT                                                       391,441.91 TRANSFER FROH INCOHE 0 410 1/04   CASH RECEIPT OF DIVIDEND EARNED ON                                                   25.02 GOLDMAN SACHS F I N SQUARE GOVT FDW466 DIVIDEND FROH 3/1/04 TO 3/31/04 0 410 2/ 0 4 CASH RECEIPT OF DIVIDEND EARNED ON                                              197,098.20 WESTERN ASSET TRUST COREPORT*
0 4 / 0 2/04 CASH DISBURSEMENT                                                               197,098.20-TRANSFER TO PRINCIPAL 04/0 210 4   CASH RECEIPT                                                       197t098.20 TRANSFER FROM INCOME 0 4/0 2/0 4  PURCHASED 16,689.094 UNITS OF                                      197,098.20-WESTERN ASSET TRUST COREPORTS TRADE DATE 4/1/04 REINVESTMENT OF INCOHE RECEIVED 4/1/04 04/ 0 7/04   CASH RECEIPT OF INTEREST EARNED ON                                               12,363.13 FHLB                    1.310): 11/30/04 80.003275/El PV ON 3,775,000 PAR VALUE DUE 4/7/04 I
i '
I

       @ First National Ehnk PO BOX 3327 OMAHA NE 68103 768-11 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                                                        PAGE:    10 FOR THE PERIOD 0 1 / 0 1 / 0 4 THROUGH 1 2 / 3 1 / 0 4 PRINCIPAL               INCOHE     REALIZED DATE    TRANSACTION DESCRIPTION                                                                    CASH                     CASH      GAIN/I 0 sS 04/07/04  PURCHASED 3,800,000 PAR VALUE OF                                                        3,790,202.33-FNHA DISC DTD 0 7 / 1 4 / 0 3                  7/07/04 TRADE DATE 4 / 6 / 0 4 3 , 8 0 0 , 0 0 0 PAR VALUE AT 99.74217 %
04/07/04  FULL CALL                                                                               3,775t000.00 3 , 7 7 5 , 0 0 0 $ 1 PV FHLB                               1.310% 11/30/04 ON 0 4 / 0 7 / 0 4 AT 8 1 . 0 0 04/13/04  CASH RECEIPT OF INTEREST EARNED ON                                                                            57 s 712 - 5 0 FNHA                              2.375% 4/14/06 0 0 . 0 1 1 8 7 5 / $ 1 PV ON 41860,000 PAR VALUE DUE 4 / 1 3 / 0 4 04/13/04  PURCHASED 4 , 9 9 0 , 0 0 0 PAR VALUE OF                                                41962,662.42-6EN ELEC DISC CP                              10/05/04 TRADE DATE 4 / 1 2 / 0 4 4 , 9 9 0 , 0 0 0 PAR VALUE AT 9 9 . 4 5 2 1 5 X 04/13/04  FULL CALL                                                                               4,860,000.00                         25,806.60-4 , 8 6 0 , 0 0 0 0 1 PV FNHA                              2.375X       4/14/06 ON 0 4 / 1 3 / 0 4 AT $ 1 . 0 0 04/15/04  CASH RECEIPT O F INTEREST EARNED ON                                                                           76,562.50 FNHA NTS                          3.500X 1 0 / 1 5 / 0 7
          $ 0 . 0 1 7 5 / t l PV ON 4 , 3 7 5 . 0 0 0 PAR VALUE DUE 4 / 1 5 / 0 4 04/20/04  CASH RECEIPT OF INTEREST EARNED ON                                                                            56,425.00 FNHA                              3.050X       4/20/07
          $ 0 + 0 1 5 2 5 / $ 1 PV ON 3 , 7 0 0 , 0 0 0 PAR VALUE DUE 4 / 2 0 / 0 4 04/27/04  CASH RECEIPT OF INTEREST EARNED ON                                                                             8 1347.50 FHLHC                             3.150% 4 / 2 7 / 0 7 0 0 . 0 1 5 7 5 / $ 1 PV ON 5 3 0 , 0 0 0 PAR VALUE DUE 4 / 2 7 / 0 4

          @ First National Bank PO BOX 3327 OMAHA NE 68103 768-12 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1026446208                                                                                       PAGE:   11 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOME REALIZED DATE      TRANSACTION DESCRIPTION                                              CASH          CASH   GAIN/L oss 04/29/04     PURCHASED 3,995,000 PAR VALUE OF                                3,992,281.18-GENERAL ELEC CAP CORP D I S C  5/24/04 TRADE DATE 4/28/04 3,995,000 PAR VALUE AT 99.93194 X 0 4/29/0 4   MATURED 3,850,000 PAR VALUE OF                                  3,845,854.83 VOLKSWAGEN D I S C CP          4/29/04 TRADE DATE 4/29/04 3,850,000 PAR VALUE AT 100 i!
04/29/04     CASH RECEIPT OF INTEREST EARNED ON                                              4,145.17 VOLKSWAGEN D I S C CP          4/29/04 3,850,000 PAR VALUE AT 100 X 04/30/04     CASH DISBURSEMENT                                                             2151580.82-TRANSFER TO PRINCIPAL 04/30/04     CASH RECEIPT                                                      215,580.82 TRANSFER FROM INCOUE 05/03/04     CASH RECEIPT OF DIVIDEND EARNED ON                                                  40.29 GOLDMAN SACHS F I N SQUARE 60VT FDY466 DIVIDEND FROM 4/1/04 TO 4/30/04 0510 3/0 4   CASH RECEIPT OF INTEREST EARNED ON                                             74 ,925.00 FNMA NTS               3.700% 11/01/07 C0.018Wfl PV ON 4,050,000 PAR VALUE DUE 5/1/04 0510 4 / 0 4 CASH RECEIPT OF DIVIDEND EARNED ON                                            217,981.29 WESTERN ASSET TRUST COREPORTS 05/04/04     CASH DISBURSEMENT                                                             217,981.29-TRANSFER TO PRINCIPAL 05/04/0 4    CASH RECEIPT                                                      217,981.29 TRANSFER FROM INCOME

             @ First NationalBank PO BOX 3327 OMAHA NE 68103 768-13 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1026446208                                                                                                                      PAGE:  12 FOR THE PERIOD 0 1 / 0 1 / 0 4 THROUGH 1 2 / 3 1 / 0 4 PRINCIPAL             I NCOME REALIZED DATE       TRANSACT I O N DESCRIPTION                                                              CASH                CASH    G A I N/LOSS 05/04/0 4      PURCHASED 1 9 , 0 2 1 . 0 5 5 UNITS OF                                               217,981.29-WESTERN ASSET TRUST COREPORT*
TRADE DATE 5 / 3 / 0 4 REINVESTHENT OF INCOME RECEIVED 5 / 3 / 0 4 05/12/04       CASH RECEIPT OF INTEREST EARNED ON FMLMC                             4.000X 11/12/08 53,700 00
( 0 . 0 2 / $ 1 PV ON 2 , 6 8 5 , 0 0 0 PAR VALUE DUE 5 / 1 2 / 0 4 0511 710 4     NAME CHANGE 6 1 6 1 4 , 9 5 8 . 9 9 8 UNITS OF WESTERN ASSET TRUST COREPORT*
NAME CHANGED TO WESTERN ASSET CORE ED PORT I EFFECTIVE DATE 0 5 / 1 7 / 0 4 05/17/ 04      NAME
               . ...._ CWANGF ~ .___
6 , 6 1 4 , 9 5 8 . 9 9 8 UNITS OF WESTERN ASSET CORE BD PORT I NAHE CHANGED FROH WESTERN ASSET TRUST COREPORT*
EFFECTIVE DATE 0 5 / 1 7 / 9 4 0 5 / 2 1/ 0 4 CASH RECEIPT                                                                         793r795.00 CAPITAL GAIN- LONG TERH D I V WESTERN ASSET CORE BD PORT FD I*
LONG TERM CAP 6 A I N PAYABLE 5 / 1 9 / 0 4 0 5 / 2 1/ 0 4 PURCHASED 7 1 , 6 4 2 . 1 5 5 UNITS OF                                               793,795.08-WESTERN ASSET CORE BD PORT FD I*
TRADE DATE 5 / 1 7 / 0 4 CAP GAIN PAYABLE 5 / 1 9 / 0 4 05/21/04       CASH RECEIPT                                                                         908,233.87 CAPITAL-GAIN- SHORT TERM D I V WESTERN ASSET CORE BD PORT FD I*
SHORT TERM CAP GAIN PAYABLE 5 / 1 9 / 0 4

            @ First National Bank PO BOX 3327 OMAHA NE 68103 768-14 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1026446208                                                                                                                   PAGE:   13 FOR THE PERIOD 01/01/04 THROUGH 1 2 / 3 1 / 0 4 PRINCIPAL              INCOME REAL I ZED TRANSACTION DESCRIPT ION                                                              CASH                  CASH    GAINILOSS DATE 05/21/04       PURCHASED 8 1 , 9 7 0 . 5 6 6 UNITS OF                                               908,233.87-WESTERN ASSET CORE BD PORT FD I*
TRADE DATE 5 / 1 7 / 0 4 SHORT TERM CAP GAIN PAYABLE 5 / 1 9 / 0 4 05 / 2 1 / 0 4 CASH RECEIPT OF INTEREST EARNED ON                                                                      80,000 .oo FHLB BDS                          2.000X 1 1 / 2 1 / 0 5
               $ 0 . 0 1 / E 1 PV ON 8s000,OOO PAR VALUE DUE 5 / 2 1 / 0 4 05/24/04       PURCHASED 2,000,000 PAR VALUE OF                                                  2,000,000.00-FHLB                              4.270>: 1 1 / 2 4 / 0 9 TRADE DATE 4 / 2 7 / 0 4 2 , 0 0 0 ~ 0 0 0 PAR VALUE AT 1 0 0 %
05/24/04       MATURED 3 1 9 9 5 1 0 0 0 PAR VALUE OF                                            3,992,281.18 GENERAL ELEC CAP CORP DISC                  5/24/04 TRADE DATE 5 / 2 4 / 0 4 3 , 9 9 5 , 0 0 0 PAR VALUE AT 100 %
05/24/04       CASH RECEIPT OF INTEREST EARNED ON                                                                       2,718.82 GENERAL ELEC CAP CORP DISC                  5/24/04 3 , 9 9 5 ~ 0 0 0 PAR VALUE AT 100 X 05/24/04       PURCHASED 210001000 PAR VALUE OF                                                  2,000,000.00-FHLB                              4.270): 1 1 / 2 4 / 0 9 TRADE DATE 4 / 2 8 / 0 4 2 , 0 0 0 ~ 0 0 0 PAR VALUE AT 1 0 0 %
05/28/04       CASH RECEIPT OF INTEREST EARNED ON                                                                      76 t 000.00 FHLB                              4.000% 11/28/08 4 0 . 0 2 / $ 1 PV ON 3 , 8 0 0 , 0 0 0 PAR VALUE DUE 5 / 2 8 / 0 k 05/26/04      PURCHASED 2 , 3 0 0 , 0 0 0 PAR VALUE OF                                           2,279,875.00-FHLHC                             4.750): 1 2 / 0 8 / 1 0 TRADE DATE 5 / 2 7 / 0 4 PURCHASE INTEREST $ 5 1 , 5 9 0 . 2 8 2 , 3 0 0 , 0 0 0 PAR VALUE AT 9 9 . 1 2 5 %

       @ First National Bank PO BOX 3327 OMAHA NE 68103 768-15 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1026446208                                                                                                                PAGE:   14 FOR THE PERIOD 0 1 / 0 1 / 0 4 THROUGH 3 2 / 3 1 / 0 4 PRINCIPAL              INCOME  REALIZED DATE      JRANSACTIO N DESCRIP T I O N                                                             CASH                  CASH   GAIN/LOS S 05/28/04  P A I D ACCRUED INTEREST ON PURCHASE OF                                                                    511590.28-FHLHC                         4.750X 1 2 / 0 8 / 1 0 05/28/04  MATURED 2 , 0 6 0 1 0 0 0 PAR VALUE OF                                              210541O77.50 GENL ELEC DISC CP                      5/28/04 TRADE DATE 5 / 2 8 / 0 4 2 , 0 6 0 1 0 0 0 PAR VALUE AT 100 X 05/28/04  CASH RECEIPT OF INTEREST EARNED ON                                                                          5,922.50 GENL ELEC DISC CP                      5/28/04 2 , 0 6 0 1 0 0 0 PAR VALUE AT 100 X 06/01/04  CASH RECEIPT OF DIVIDEND EARNED ON                                                                             61.10 GOLDHAN S A W S F I N SQUARE GOVT FDY466 DIVIDEND FROM 5 / 1 / 0 4 TO 5 / 3 1 / 0 4 06/01/04  CASH DISBURSEHENT                                                                                         2411716.33-TRANSFER TO PRINCIPAL 06/01/04  CASH RECEIPT                                                                          241,716.33 TRANSFER FROM INCOHE 06/03/04  CASH RECEIPT OF DIVIDEND EARNED ON                                                                        2591600.43 WESTERN ASSET CORE BD PORT FD I*
06/03/04  CASH DISBURSEHENT                                                                                         2591600.43-TRANSFER TO PRINCIPAL DIVIDEND WESTERN ASSET CORE BD PORT FD I*
06/03/04  CASH RECEIPT                                                                          259,600.43 TRANSFER FROM INCOME DIVIDEND WESTERN ASSET CORE BD PORT FD I*
06/03/04  PURCHASED 2 3 , 3 0 3 . 4 5 UNITS                                                     2591600.43-WESTERN ASSET CORE BD PORT FD I*              3 $11.14 THROUGH REINVESTHENT OF CASH DIVIDEND DUE 6 / 1 / 0 4 DIVIDEND WESTERN ASSET CORE BD PORT FD 1%

       @ First National Bank Po BOX 3327 OMAHA NE 68103 768-16 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                         PAGE:   15 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOHE    REALIZED DATE      TRANSACTION DESCRIPTION                                              CASH            CASH      GAIN/I OSS 06/03/04  CASH RECEIPT OF INTEREST EARNED ON                                               59 ,107 -50 FNHA                 3.550X 12/03/07 so.oi775/ei PV ON 3,330,000 PAR VALUE DUE 6/3/04 06/08/04  CASH RECEIPT OF INTEREST EARNED ON                                               54,625.00 FHLMC                4.750% 12/08/10
          $0.02375/81 PV ON 2,300,000 PAR VALUE DUE 6/8/04 06/11/04  CASH RECEIPT OF INTEREST EARNED ON                                               578090 .oo FNHA                 3.300% 12/11/06 S0.0165/$1 PV ON 3,4601000 PAR VALUE DUE 6/11/04 06/16/04  CASH RECEIPT OF INTEREST EARNED ON                                               40,000.00 FHLB BDS             2.000% 6/16/06
          $0.01/$1 PV ON 4,000~000PAR VALUE DUE 6/16/04 06/17/04  CASH RECEIPT OF INTEREST EARNED ON                                               63 ,112.50 FHLHC                4.250):     6/17/09 80.02125/$1 PV ON 2,970,000 PAR VALUE DUE 6/17/04 06/18/04  CASH RECEIPT OF INTEREST EARNED ON                                               73,862.50 FNHA BDS             4.750X 6/18/07 S0.02375/$1 PV ON 3,110,000 PAR VALUE DUE 6/18/04 06/16/04  PURCHASED 3,500,000 PAR VALUE OF                                  3,443,125.00-FHLHC                4.750% 12/08/10 TRADE DATE 6/17/04 PURCHASE INTEREST $4,618-06 3r5001000 PAR VALUE AT 9 8 . 3 7 5 i:
06/18/04  PAID ACCRUED INTEREST ON PURCHASE OF                                              4,618.06-FHLHC                4.750% 12/08/10 06/18/04  FULL CALL                                                                                    102,567.80-3,110,000 $1 PV FNHA BDS             4.750%      6/18/07 ON 06/18/04 AT $1.00

        @ First National Bank PO BOX 3327 OMAHA NE 68103 768-17 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: I026446208                                                                                          PAGE:   16 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL        I NCOME     REALIZED DATE      TRANSACT I O N DESCRIPTION                                            CASH            CASH      GAIN/I OSS 06/28/04  CASH RECEIPT OF INTEREST EARNED ON                                              38,427.50 FHLB NTS                8.090% 12/28/04 f0.04045/$1 PV ON 950,000 PAR VALUE DUE 6/28/04 06/29/04  CASH RECEIPT OF INTEREST EARNED ON                                              36 ,7 5 0 . 0 0 FHLB BDS                2.100% 12/29/06
          $0.0105/51 PV ON 3,500,000 PAR VALUE DUE 6/29/04 06/30/04  CASH DISBURSEMENT                                                              418,418.04-TRANSFER TO PRINCIPAL 06/30/04  CASH RECEIPT TRANSFER FROM INCOME 07/01/04  CASH RECEIPT OF DIVIDEND EARNED ON                                                   46.45 GOLDHAN SACHS F I N SQUARE 60VT FD#466 DIVIDEND FROM 6/1/04 TO 6 / 3 0 / 0 4 07/06/04  CASH RECEIPT OF DIVIDEND EARNED ON                                             241,553.37 WESTERN ASSET CORE BD PORT FD 1%
07/06/04  CASH DISBURSEMENT                                                              241,553.37-TRANSFER TO PRINCIPAL 07/06/04  CASH RECEIPT                                                      241,553.37 TRANSFER FROM INCOHE 0 7/06/06 PURCHASED 21,605.847 UNITS OF                                     2419553.37-WESTERN ASSET CORE BD PORT FD I
* TRADE DATE 7/1/04 REINVESTMENT OF INCOME RECEIVED 7/1/04 07/07/04  PURCHASED 3,915,000 PAR VALUE OF                                3,847,710.94-FHLMC NTS               4.750% 10/11/12 TRADE DATE 7/6/04 PURCHASE INTEREST $44,424.38 3,915,000 PAR VALUE AT 98.28125 X

           @ First National Bank PO BOX 3327 OMAHA NE 68103 768-18 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST                                                                                    PAGE:   17 ACCOUNT: 1026446208 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL         INCOHE REALIZED TRANSACTION DESC R I P T I ON                                             CASH           CASH    GA IN/LOSS DATE 07/0 7/04    P A I D ACCRUED INTEREST ON PURCHASE OF FHLHC NTS                  4.750% 10/11/12 07/07/04     MATURED 31800,000 PAR VALUE OF FNHA D I S C DTD 07/14/03            7/07/04 TRADE DATE 7/7/04 318001000PAR VALUE AT 100 X 0 7 1 0 7/04 CASH RECEIPT OF INTEREST EARNED ON                                                    9,797.67 FNHA DISC DTD 07/14/03               7/07/04
                ~ I ~ O O I O PAR O O VALUE AT 100 X 0 7 1 0 9/04 CASH RECEIPT OF INTEREST EARNED ON                                                   18 I 381.25 FHLB BDS                   2.125% 1/09/07
             $0.010625/$1 PV ON lr730r000 PAR VALUE DUE 7/9/04 07/12/04     CASH RECEIPT OF INTEREST EARNED ON                                                   29 1500.00 FFCB HTN                   5.900% 1/10/05
             $0.0295/81 PV ON 1 i O O O i O O O PAR VALUE DUE 7/10/04' 07/23/ 0 4   CASH RECEIPT OF INTEREST EARNED ON                                                   571000.00 FHLB BDS                   2.375% 1/23/07 co.oiia75/ci PV ON tilaoolooo PAR VALUE DUE 7/23/06 08/02/0 4    CASH RECEIPT OF DIVIDEND EARNED ON                                                         54.97 GOLDHAN SACHS F I N SQUARE 60VT FDY466 DIVIDEND FROH 7/1/04 TO 7/31/04 08/02/04     CASH RECEIPT OF INTEREST EARNED ON                                                   95,875.00 COHH CREDIT CO             6.500);   8/01/04 80.0325/$1 PV ON 21950,000 PAR VALUE DUE 8/1/04 08/02/04     CASH RECEIPT OF INTEREST EARNED ON                                                   521780-00 FFCB HTN                    8.120%02/01/05 C0.0406/$1 PV ON 1,3001000 PAR VALUE DUE 8/1/04 0810 2 / 0 4 CASH RECEIPT OF INTEREST EARNED ON                                                  116,000.00 FHLHC HTN                  4.000X 8/02/06
             $0.02/$1 PV ON 518001000PAR VALUE DUE 8/2/04

       @ First National Bank PO BOX 3327 OMAHA NE 68103 768-19 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: io264462oa                                                                                                   PAGE:  18 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOME     REALIZED TRANSACTION DESCRIPT I         ON                                               CASH         CASH        GAIN/LOSS PURCHASED 3,120,000 PAR VALUE OF                                          3,120,000.00-FHLMC                          4.375% 7/30/09 TRADE DATE 7/27/04 PURCHASE INTEREST $758.33 3,120,000 PAR VALUE AT 100 %
P A I D ACCRUED INTEREST ON PURCHASE OF FHLMC                          4.375% 7/30/09 758.33  -
PURCHASED 3,000,000 PAR VALUE OF FHLHC                          4.375X 7/30/09 TRADE DATE 7/27/04 PURCHASE INTEREST $729.17 3,000,000 PAR VALUE AT 100 %
P A I D ACCRUED INTEREST ON PURCHASE OF                                                      729.17-FHLMC                          4.375% 7/30/09 PURCHASED 3,000,000 PAR VALUE OF                                          3,000,000.00-FHLMC                          4.375% 7/30/09 TRADE DATE 7/27/04 PURCHASE INTEREST $729.17 3 , 0 0 0 , 0 0 0 PAR VALUE AT 1 0 0 X P A I D ACCRUED INTEREST ON PURCHASE OF                                                      729.17-FHLHC                          4.375% 7/30/09 MATURED 2,950,000 PAR VALUE OF                                            2,950,000.00                 189,773.50-c o w CREDIT co                6.500% a/oi/o4 TRADE DATE 8/1/06 2,950,000 PAR VALUE AT 100 i!
FULL CALL                                                                 5,800,000.00 5 r 8 0 0 . 0 0 0 $1- P. V_
FHLHC. HTN                     4.000%    8/02/06 ON 08/02/04 AT $1.00 CASH DISBURSEMENT                                                                        332,739.32-TRANSFER TO PRINCIPAL

         @ First National Bank PO BOX 3327 OMAHA NE 68103 768 -20 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                           PAGE:   19 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL      INCOHE    REALIZED DATE        TRANSACTION DESCRIP T I O N                                            CASH         CASH      GA IN/L OSS 08/02/04    CASH RECEIPT                                                        332,739.32 TRANSFER FROM INCOME 08/03/04    CASH RECEIPT OF DIVIDEND EARNED ON                                              2611019.02 WESTERN ASSET CORE BD PORT FD I r 08/03/04    CASH DISBURSEMENT                                                               261,019.02-TRANSFER TO PRINCIPAL 08/03/04    CASH RECEIPT                                                        261,019.02 TRANSFER FROU INCOHE 0 8/0 3/04  PURCHASED 23,160.516 UNITS OF
* 261,019.02-WESTERN ASSET CORE BD PORT FD I*
TRADE DATE 8/2/04 REINVESTMENT OF INCOME RECEIVED 8/2/04 08/04/04    CASH RECEIPT OF INTEREST EARNED ON                                               361000 .OO FHLHC NTS               1.800%   8/04/05 OO.O09/Cl PV ON 4,0001000 PAR VALUE DUE 8/4/04 0 810 9/0 4 CASH RECEIPT OF INTEREST EARNED ON                                               251375 .OO FNHA                    2.030X   2/09/06 80.01015/C1 PU ON 2r500p000 PAR VALUE DUE 8/9/04 08/16/04    PURCHASED 1,550,000 PAR VALUE OF US BANK NA              5.700% 12/15/08 TRADE DATE 8/13/04 PURCHASE INTEREST $14,970-42 11550rOOO PAR VALUE AT 107.59 X 08/16/04    P A I D ACCRUED INTEREST ON PURCHASE OF                                          141970.42-US BANK NA              5.700): 12/15/08 08/16/04    MATURED 1,6201000 PAR VALUE OF                                    lr620r000.00              4211119.00 FNHA STRIPS FROH 5 3/4X 2/15/08 TRADE DATE 8/15/04 11620,000 PAR VALUE AT 100 %

         @ First NationalBank PO BOX 3327 OMAHA NE 68103 768-21 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                                      PAGE:   20 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL          INCOHE     REAL I   ZED DAfE       TRANSACTION DESCRIPTION                                                      CASH             CASH       G A I N/LO$S 08/25/04   CASH RECEIPT OF INTEREST EARNED ON                                                      40,000.00 FFCB BDS                       5.000% 8/25/10
           $ 0 . 0 2 5 / $ 1 PV ON 1,600,000 PAR VALUE DUE 8/25/04 08/27/04   CASH RECEIPT OF INTEREST EARNED ON                                                      8 3 , 1 2 5 - 00 FHLHC                          3.125X 8/27/07
           $0.015625/$1 PV ON 5,320,000 PAR VALUE DUE 8/27/04 08/31/04   CASH DISBURSEHENT                                                                      169,584.55-TRANSFER TO PRINCIPAL 08/31/04   CASH RECEIPT                                                              169,584.55 TRANSFER FROH INCOHE 09/01/04   CASH RECEIPT OF DIVIDEND EARNED ON                                                              43.64 GOLDUAN SACHS F I N SQUARE 60VT FD1466 DIVIDEND FROH 8/1/06 TO 8/31/04 09/02/04   CASH RECEIPT OF DIVIDEND EARNED ON                                                     234,316.11 WESTERN ASSET CORE BD PORT FD I*
03/02/04   CASH DISBURSEHENT                                                                      234,316            TRANSFER TO PRINCIPAL 09/02/04   CASH RECEIPT                                                              234,316.11 TRANSFER FROH INCOHE 0 9/02/0 4 PURCHASED 20,428.606 UNITS OF                                             234,316.11-WESTERN ASSET CORE BD PORT FD I*
TRADE DATE 9/1/04 REINVESTHENT OF INCOHE RECEIVED 9/1/04 09/ 15/0 4 CASH RECEIPT OF INTEREST EARNED ON                                                     232,300.00 FNHA NTS                       5.050% 9/15/10 t 0 . 0 2 5 2 5 / $ 1 PV ON 9,200,000 PAR VALUE DUE 9/15/04

         @ First National Bank PO BOX 3327 OMAHA NE 68103 768-22 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                       PAGE:  21 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOHE  REAL I ZED DATE       JRANSACTION DESCRIPTION                                              CASH         CASH    I;AIN/I OSS 09/15/04   PURCHASED 4,750,000 PAR VALUE OF                               4,747,011.44-FHLB DISC DTD 10/06/03         9/30/04 TRADE DATE 9/14/04 4,750,000 PAR VALUE AT 99.93708 X 09/15/04   PURCHASED 4,900,000 PAR VALUE OF                               41794,942.64-FHLBDISC DTD 09/14/04          9/09/05 TRADE DATE 9/14/04 4190OrOO0 PAR VALUE AT 97.85597 X 0 9 115/06 FULL CALL                                                      9,200i000.00 9,200,000 $1 PV FNHA NTS                5.050X 9/15/10 ON 09/15/04 AT $1.00 09/20/04   CASH RECEIPT OF INTEREST EARNED ON                                             46,500.00 FHLRC                   3.000X 9/18/07
           )0.015/91 PV ON 3,1001000 PAR VALUE DUE 9/18/04 09/30/04   PURCHASED 41750iOOO PAR VALUE OF                               41750,000.00-FHLB                    4.150X 9/30/09 TRADE DATE 9/14/04 4,750,000 PAR VALUE AT 100 X 09/30/04   HATURED 4,750,000 PAR VALUE OF                                 4,747,011.44 FHLB DISC DTP 10/06/03         9/30/04 TRADE DATE 9/30/04 4,750,000 PAR VALUE AT 100 X 09/30/04   CASH RECEIPT OF INTEREST EARNED ON                                              21988.56 FHLB D I S C DTD 10/06/03      9/30/04 4175010OO PAR VALUE AT 100 X 09/30/04   CASH DISBURSEMENT                                                             281,832.20-TRANSFER TO PRINCIPAL 09/30/04   CASH RECEIPT                                                     281,832.20 TRANSFER FROM INCOME i

              @ First National Bank PO BOX 3327 OMAHA NE 68103 7 6 8 23 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                                           PAGE:  22 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOME   REALIZED DATE           TRANSACTION DESCRIPTION                                                              CASH         CASH      GAIN/LOSS 10/01/04       CASH RECEIPT OF DIVIDEND EARNED ON                                                                  80.91 GOLDMAN SACHS F I N SQUARE GOVT FD1466 DIVIDEND FROM 9/1/04 TO 9/30/04 10/04/04       CASH RECEIPT OF DIVIDEND EARNED ON                                                            1791708.43 WESTERN ASSET CORE BD PORT FD I*
10/04/04       CASH DISBURSEHENT                                                                             179,708.43-TRANSFER TO PRINCIPAL 1O/ 0 4 / 0 4  CASH RECEIPT                                                                      179,708.43 TRANSFER FROH INCOHE 10/04/04       PURCHASED 15,654.044 UNITS OF                                                     179,708.43-WESTERN ASSET CORE BD PORT FD I*
TRADE DATE 10/1/04 REINVESTNENT OF INCOME RECEIVED 10/1/04 10 / 0 5 / 0 4 PURCHASED 5,050,000 PAR VALUE OF                                               5,049,523.06-FHLHC DISC DTD 10/07/03                     10/0 7/04 TRADE DATE 10/4/04 5 1 0 5 0 ~ 0 0 0PAR VALUE AT 99.99056 X 10/05/04       HATURED 4,9901000 PAR VALUE OF                                                 4,9621662.42 GEN ELEC DISC CP                            10/05/04 TRADE DATE 10/5/04 4 r 9 9 0 r 0 0 0 PAR VALUE AT 1 0 0 X 10/05/04       CASH RECEIPT O F INTEREST EARNED ON 27 337 - 5 8 GEN ELEC DISC CP                            10/05/04 419901000 PAR VALUE AT 1 0 0 X 10/07/04       PURCHASED 215251000 PAR VALUE OF                                               21525,000.00-FHLHC                           4 . 0 0 0 X 10/07/09 TRADE DATE 9/2a/oti.. - - - - .
2.525,OOO PAR VALUE AT 100 X

         @ First National Bank PO BOX 3327 OMAHA NE 68103 768-24 TRANSACTIONS QPPD FORT CALHOUN DECOM TRUST                                                                                PAGE:   23 ACCOUNT: 1026446208 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOME  REALIZED JRANSACTION DFSCRIPTION                                                CASH           CASH     GAIN/L oss DATE 10/07/04   PURCHASED 2,525,000 PAR VALUE OF FHLMC                     4.000% 10/07/09 TRADE DATE 9/28/04 2~525,000PAR VALUE AT 100 X 10/07/04   MATURED 5s050,OOO PAR VALUE OF FHLMC DISC DTD 10/07/03           10/07/04 TRADE DATE 10/7/04 5D050S000 PAR VALUE AT 100 %
10/07/04   CASH RECEIPT OF INTEREST EARNED ON                                                     476.94 FHLMC DISC DTD 10/07/03           10/07/04 5,0501000 PAR VALUE AT 100 %
10/11/04   CASH RECEIPT OF INTEREST EARNED ON                                                92 t 981.25 FHLMC NTS                 4.750% 10/11/12
           $0.02375/$1 PV ON 3,915,000 PAR VALUE DUE 10/11/04 1 O/ 15/04 CASH RECEIPT OF INTEREST EARNED ON                                                76,562.50 FNMA NTS                  3.500>: 10/15/07 (0.0175/E1 PV ON 41375,000 PAR VALUE DUE 10/15/04 10/15/04   PURCHASED 4,540,000 PAR VALUE OF                                    4,535,471.35-FHLB DXSC DTD 11/12/03            11/05/04 TRADE DATE 10/14/04 4 ~ 5 4 0 ~ 0 0PAR 0 VALUE AT 99.90025 X 10/15/04   FULL CALL                                                           4,375,000.00              56,437.50-4D375S000 (1 P v FNMA NTS                  3.500% 10/15/07 ON 10/15/04 AT $1.00 10/20/04   CASH RECEIPT OF INTEREST EARNED ON                                                56,425.00 FNMA                      3.050% 4/20/07 00.01525/81 PV ON 3s700,OOO PAR VALUE DUE 10/20/04 10/27/04   CASH RECEIPT OF INTEREST EARNED ON                                                 8,347.50 FHLMC                     3.150% 4/27/07 80.01575/81 PV ON 530~000PAR VALUE DUE 10/27/04

              @ First National Bank PO BOX 3327 OMAHA NE 68103 7 6 8 - 2_ 5-TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1 0 2 6 4 4 6 20 8                                                                                        PAGE:  24 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL        INCOME REALIZED DATF       TRANSACTION efSCRI PTION                                                   CASH          CASH    GALNILOSS 10/27/04       PURCHASED 605,000 PAR VALUE OF                                          602,989.05-GEN ELEC DISC CP                   12/28/04 TRADE DATE 1 0 / 2 6 /0 4 605,000 PAR VALUE AT 99.66761 X 10/27/04       FULL CALL                                                               530r000.00 530.000 S -l .
P V_
FHLW    ~                 3.150):   4/27/07 ON 10/27/04    AT $1.00 11/01/04       CASH RECEIPT OF DIVIDEND EARNED ON                                                         40.29 GOLDMAN SACHS F I N SQUARE GOVT FD1466 DIVIDEND FROM 10/1/04 TO 10/31/04 11/01/04       CASH RECEIPT OF INTEREST EARNED ON                                                    74,925.00 FNMA NTS                  3.700): 11/01/07
               $O-O185/Sl PV ON 4,050,000        PAR VALUE DUE 11/1/04 11/01/04       CASH DISBURSEMENT                                                                    337,136.68-TRANSFER TO PRINCIPAL 11/01/04       CASH RECEIPT                                                            337,136.68 TRANSFER FROM INCOME 11/02/04       CASH RECEIPT OF DIVIDEND EARNED ON                                                   187,511.32 WESTERN ASSET CORE BD PORT FD I*
11/02/04       CASH DISBURSEMENT                                                                    187,511.32-TRANSFER TO PRINCIPAL 11/02/04       CASH RECEIPT                                                            187,511.32 TRANSFER FROM INCOME 11/02/04       PURCHASED 16,220.702 UNITS OF                                           187,511.32-WESTERN ASSET CORE BD PORT FD I*
TRADE DATE 11/1/04 REINVESTMENT OF INCOME RECEIVED 11/1/04

         @ First National Bank PO BOX 3327 OMAHA NE 68103 768-26 TRANSACTIONS OPPD FORT CALHOUN DECOU TRUST ACCOUNT: 1 0 2 6 4 4 6 20 8                                                                                                PAGE:  25 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL      INCOME      REALIZED DATE    DANSACTION DE SCRIPTION                                                              CASH         CASH        GAINILOSS 11/05/04  PURCHASED 2127O10O0 PAR VALUE OF                                               2,2701000.00-FNUA                            3.510% 11/05/07 TRADE DATE 1 1 / 3 /0 4 2 1 2 7 ~ 1 ~PAR    ~ 0VALUE AT 1 0 0 X 11/05/04  PURCHASED 21270,000 PAR VALUE OF FNUA                            3.510X 11/05/07 TRADE DATE 11/3/04 2,270,000         PAR VALUE AT 1 0 0 X 11/05/04  UATURED ~ I ~ G O I O O O PAR VALUE OF                                         415351471.35 FHLB DISC DTD 11/12/03                      11/05/04 TRADE DATE 11/5/04 4 1 5 4 0 r 0 0 0 PAR VALUE AT 1 0 0 X 11/05/04  CASH RECEIPT OF INTEREST EARNED ON                                                             4,528.65 FHLB DISC DTD 1 1 / 1 2 /0 3                11/05/04 4 , 5 4 0 r 0 0 0 PAR VALUE AT 1 0 0 X 11/12/04  CASH RECEIPT OF INTEREST EARNED ON                                                            53 ,7 0 0 . 0 0 FHLHC                           4 . 0 0 0 X 11/12/08
          $ 0 . 0 2 / $ 1 PV ON 2,685,000 PAR VALUE DUE 11/12/04 11/12/04  FULL CALL                                                                      2~685,000.00 2,685,000           $1 PV FULUC                           4.000% 11/12/08 ON 11/12/04 AT $1.00 11/12/04  PURCHASED 2,800,000 PAR VALUE OF                                               2,7961056.67-FHLB DISC DTD 12/15/03                      12/08/04 TRADE DATE 1 1 /1 2 / 0 4 2,8001000 PAR VALUE AT 99.85917 X 11/22/04  CASH RECEIPT OF INTEREST EARNED ON                                                            80,000.00 FHLB BDS                        2.000% 11/21/05
          $ 0 . 0 1 / $ 1 PV ON 8,000,000 PAR VALUE DUE 11/21/04

         @ First National Bank PO BOX 3327 OMAHA NE 68103 768-27 TRANSACTIONS OPPD FORT CALHOUN DECOU TRUST ACCOUNT: 1026446208                                                                                                         PAGE:  26 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOUE    REALIZED DATE        TRANSACTION DESCRIPTION                                                            CASH            CASH      GAIN/LOSS 11/24/04    CASH RECEIPT OF INTEREST EARNED ON                                                              851400 - 0 0 FHLB                              4.270): 11/24/09 C0.02135/$1 PV ON 4 r 0 0 0 p 0 0 0 PAR VALUE DUE 11/24/04 11/29/04    CASH RECEIPT OF INTEREST EARNED ON                                                              76,000.00 FHLB                              4 . 0 0 0 X 11/28/08 9 0 . 0 2 / # 1 PV ON 3 1 8 0 O i O O 0 PAR VALUE DUE 11/28/04 11/30/04    CASH DISBURSEMENT                                                                              2991668.94-TRANSFER TO PRINCIPAL 11/30/04    CASH RECEIPT                                                                      299,668.94 TRANSFER FROU INCOME 12/0 1/ 0 4 CASH RECEIPT OF DIVIDEND EARNED ON                                                                 114.25 GOLDUAN SACHS F I N SQUARE GOVT FDY466 DIVIDEND FROH 11/1/04 TO 11/30/04 12/01/04    RECEIVE L T CAPITAL GAINS DISTRIBUTION ON                                         275,557.80 WESTERN ASSET CORE BD PORT FD I*
C0.04/UNIT ON 6 , 8 8 8 1 9 4 4 . 8 8 3 UNITS DUE 11/30/04 L T CAPITAL GAIN OF 52751557.80 ON FEDERAL COST 12/0 1/ 0 4 RECEIVE ST CAPITAL GAINS DISTRIBUTION ON                                           96 1 445.23 WESTERN ASSET CORE BD PORT FD I*
CO.O14/UNIT ON 6 , 8 8 8 , 9 4 4 - 8 8 3 UNITS DUE 11/30/04 ST CAPITAL GAIN OF 896,445.23 ON FEDERAL COST 12/0 1/ 0 4 PURCHASED 3 2 1 6 3 1 . 8 4 5 UNITS OF                                            372,003.03-WESTERN ASSET CORE BD PORT FD I*
TRADE DATE 11/30/04 REINVESTMENT OF INCOHE RECEIVED 11/30/04 12/0 2/0 4  CASH RECEIPT OF DIVIDEND EARNED ON                                                             201i806.25 WESTERN ASSET CORE BD PORT FD I*
12102/04    CASH DISBURSEMENT                                                                              201,806.25-TRANSFER TO PRINCIPAL

         @ First National Bank PO BOX 3327 OMAHA NE 68103 768-28 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1026446208                                                                                         PAGE:     27 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL       INCOME  REALIZED DATE       TRANSACTION DESCRIPTIOY                                              CASH            CASH    GA I N I L0 s S 1 2/0 2/04 CASH RECEIPT                                                        201,806.25 TRANSFER FROM INCOHE 12/02/04   PURCHASED 17,717.845 UNITS OF                                       201,806.25-WESTERN ASSET CORE BD PORT FD I*
TRADE DATE 12/1/04 REINVESTHENT OF INCOME RECEIVED 12/1/04 12/03/0 4  CASH RECEIPT OF INTEREST EARNED ON                                                59,107.50 FNHA                 3.550% 12/03/07
           $0.01775/$1 PV ON 3,330,000 PAR VALUE DUE 12/3/04 12/0 3/04  PURCHASED 3,655,000 PAR VALUE OF                                  3,651,103.36-FHLB DISC                        12/22/04 TRADE DATE 12/2/04 3,655,000 PAR VALUE AT 99.89339 X 12/03/0 4  FULL CALL                                                         3,330,000.00              37,462            3,330,000 $1 PV FNMA                 3.550% 12/03/07 ON 12/03/04 AT $1.00 12/08/04   CASH RECEIPT OF INTEREST EARNED ON                                               137,750.00 FHLMC                4.750X 12/08/10
           $0.02375/#1 PV ON 5,800,000 PAR VALUE DUE 12/8/04 12/08/04   PURCHASED 1,400,000 PAR VALUE OF FHLB                 4.000% 6/08/09 TRADE DATE 12/7/04 1,400,000 PAR VALUE AT 100 3!
12/01/04   PURCHASED 1,400aOOO PAR VALUE OF FHLB                 4 . 0 0 0 X 6/08/09 TRADE DATE 12/7/04 1,400,000 PAR VALUE AT 100 i!

            @ First National Bank PO BOX 3327 OMAHA NE 68103 768 29 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1 0 2 6 4 4 6 2 0 8                                                                                                                    PAGE:   28 FOR THE PERIOD 0 1 / 0 1 / 0 4 THROUGH 1 2 / 3 1 / 0 4 PRINCIPAL               INCOME   REAL I ZED DATE           TRANSACTION DESCRIPTION                                                                      CASH                    CASH     GAIN/LOSS 12/08/04       UATURED 2 , 8 0 0 1 0 0 0 PAR VALUE OF                                                    2,796,056.67 FHLB DISC DTD 1 2 / 1 5 / 0 3                12/08/04 TRADE DATE 1 2 / 8 / 0 4 2 , 8 0 0 . 0 0 0 PAR VALUE AT 1 0 0 X 12/08/04       CASH RECEIPT OF INTEREST EARNED ON                                                                                3.943.33 FHLB DISC DTD 1 2 / 1 5 / 0 3                12/08/04 2 1 8 0 0 , 0 0 0 PAR VALUE AT 1 0 0 X 12/13/04       CASH RECEIPT OF INTEREST EARNED ON                                                                              5 7 10 9 0 00 FNHA                               3.300): 1 2 / 1 1 / 0 6 f 0 . 0 1 6 5 / 8 1 PV ON 3 1 4 6 0 , 0 0 0 PAR VALUE DUE 1 2 / 1 1 / 0 4 1 2 11 5 / 0 4 CASH RECEIPT OF INTEREST EARNED ON                                                                              44 1 175.00 US BANK NA                         5.700X 1 2 / 1 5 / 0 8 f 0 . 0 2 8 5 / 8 1 PV ON 11550,OOO PAR VALUE DUE 1 2 / 1 5 / 0 4 1 2 11 6 / 0 4 CASH RECEIPT OF INTEREST EARNED ON                                                                              40 I 000 00 FHLB BDS                           2.000X 6 / 1 6 / 0 6
               $ O . O l /
* l PV ON 4 , 0 0 0 , 0 0 0 PAR VALUE DUE 1 2 / 1 6 / 0 4 12/17/04       CASH RECEIPT OF INTEREST EARNED ON                                                                              63 I 112.50 FHLHC                              4.250X     6/17/09 f 0 . 0 2 1 2 5 / 8 1 PV ON ~ I ~ ~ O I O PAR O O VALUE DUE 1 2 / 1 7 / 0 4 12 / 2 2 / 0 4 PURCHASED 1 , 8 2 5 1 0 0 0 PAR VALUE OF                                                  1,825,000.00-FHLB                               5.000% 1 2 / 2 2 / 1 1 TRADE DATE 1 1 / 3 0 / 0 4 1 , 8 2 5 1 0 0 0 PAR VALUE AT 1 0 0 X 12/22/04       PURCHASED 1 1 8 2 5 , 0 0 0 PAR VALUE OF                                                  1182510O0.OO-FHLB                               5.000X 12/22/11 TRADE DATE 1 1 / 3 0 / 0 4 1 , 8 2 5 1 0 0 0 PAR VALUE AT 1 0 0 %
12/22/04       UATURED 3 , 6 5 5 1 0 0 0 PAR VALUE OF                                                    316511103.36 FHLB DISC                                    12/22/04 TRADE DATE 1 2 / 2 2 / 0 4 3 1 6 5 5 1 0 0 0 PAR VALUE AT 1 0 0 X

        @ First National Bank PO BOX 3327 OMAHA NE 68103 768 30 TRANSACTIONS OPPD FORT CALHOUN DECOM TRUST ACCOUNT: 1026446208                                                                                           PAGE:  29 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL        INCOME  REALIZED DATE      TRANSACT1ON DESCRI P T I O N                                           CASH          CASH     G A I N/LOSS 12/22/04  CASH RECEIPT OF INTEREST EARNED ON                                                 3,896.64 FHLB DISC                       12/22/04 3,655,000 PAR VALUE AT 100 X 12/28/04  CASH RECEIPT OF INTEREST EARNED ON                                                38,427.50 FHLB NTS                 8.090X 12/28/04 60.04045/$1 PV ON 950,000 PAR VALUE DUE 12/28/04 12/28/0 4 PURCHASED 1,940,000 PAR VALUE OF FNMA DISC DTD 01/16/04           1/10/05 TRADE DATE 12/27/04 1,940,000 PAR VALUE AT 99.91911 X 12/28/04  MATURED 950,000 PAR VALUE OF                                        950,000.00               61,265.50-FHLB NTS                 8.090% 12/28/04 TRADE DATE 12/28/04 950,000 PAR VALUE AT 100 X 12/28/04  MATURED 605,000 PAR VALUE OF                                        602,989.05 GEN ELEC DISC CP                12/28/04 TRADE DATE 12/28/04 605,000 PAR VALUE AT 100 X i2/2a/o4  CASH RECEIPT OF INTEREST EARNED ON                                                 2,010.95 GEN ELEC DISC CP                12/28/04 605,000 PAR VALUE AT 100 X 12/29/04  CASH RECEIPT OF INTEREST EARNED ON                                                36,750.00 FHLB BDS                2.100% 12/29/06
          $0.0105/$1 PV ON 3,500,000 PAR VALUE DUE 12/29/04 12/31/04  CASH DISBURSEMENT                                                                486,377.67-TRANSFER TO PRINCIPAL 12/31/04  CASH RECEIPT                                                        486,377.67 TRANSFER FROH INCOME

       @ First National Bank PO BOX 3327 OMAHA NE 68103 768-31 TRANSACTIONS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1 0 2 6 4 4 6 2 0 8                                                                           PAGE:  30 FOR THE PERIOD 01/01/04 THROUGH 12/31/04 PRINCIPAL   INCOME     REALIZED DATE      TRANSACTION DESCRIPTION                                              CASH      CASH       GAIN/LOSS INVESTED CASH ACTIVITY GOLDHAN SACHS F I N SQUARE GOVT FD1466 TOTAL PURCHASES                                            15,050,832.37-TOTAL SALES                                                15,163,754-28 TOTAL INVESTED CASH ACTIVITY                                     112,921.91       0.00 ENDING BALANCES                                                       SO. 00    t o . 00 t

I
         @ First National Bank PO BOX 3327 OMAHA NE 68103 768-32 MARKET VALUE RECONCILIATION OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                  PAGE: 31 FOR THE PERIOD 0 1 / 0 1 / 0 4 THROUGH 1 2 / 3 1 / 0 4 BEGINNING HARKET VALUE                                                        183,174,343.80 ADD1T IONS                                                                     83,054,254-87 DISTRIBUTIONS                                                                  81,352,225.92-MARKET VALUE CHANGE                                                             5,286,696.14 ENDING MARKET VALUE                                                           190,163r068.89

         @ First National Bank PO BOX 3327 OMAHA NE 68103 768-33 ASSET SUHHARY OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                       PAGE:  32 AS O F 12/31/04 PERCENT                       UNREALIZED   ESTIMATED ANNUAL     INCOME HARKET    OF               FEDERAL    GAI NILOSS               YIELD AT ASSET CATFGORY                         VALUE  ACCOUNT            TAX COST. (FED T 0 HKT)    INCOHF     HARKET PRINCIPAL PORTFOLIO HONEY HARKET FUNDS                 39 148.73 j          0.02 X          399148 -73          0.00          716    1.83 X U.S. GOVERNMENT AGENCIES      10818151663.95   57.22 X     109~128,471.44    312r807.49- 3,781 042 j        3.47 %
CORPORATE 6 FOREIGN BONDS       1,645,154.50    0.87 %       1~667,645.00     22,490.50-     88 I 350    5.37 X TAXABLE FIXED INCOHE FUNDS     79,663r101.71   41.89 X      781916,213.24    746,888.47  2,817,354       3.54 %
PRINCIPAL PORTFOLIO TOTAL     1901163~068.89  100.00 X     18917511478.41    411,590.48  6 ,687 462 j        3.52 X TOTAL ASSETS                  190,163,068.89  100.00 X     1891751,478.41    4119590.48  6 ,687,462      3.52  %
I

         @ First National Bank PO BOX 3327 OMAHA NE 68103 768-34 L I S T OF ASSETS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                                                  PAGE:    33 AS OF 12/31/04 UNREALIZED      EST1MATED         INCOME PAR VALUE                                                           MARKET VALUE                     G A I N/LOSS     ANNUAL        YIELD AT IBskwEs                  ASSET DFSCRIPTIOY                          X OF ACCOUNT    FED TAX COST   (FED TO HKT)       INCOME          MARKET PRINCIPAL PORTFOLIO HONEY HARKET FUNDS 39,148.7300            GOLDHAN SACHS FINANCIAL SQUARE FUNDS          39 148.73       39 I 148.73             0.00         716        1.83 x GOVERNHENT FD ADHIN CL #466                        0.02 X U.S. GOVFUMENT AGENCIES 4 1 9 0 0 ~ 0 0 0 ~ 0 0 0 0 FHLB DISC NTS DTD 09/14/04                 4,806,410.00    417941942.64      11 1467.36      106,813          2.22 X 09/09/2005                                         2.53 X lr9401000.0000             FNHA DISC NTS DTD 01/16/04                 119381254.00    1,938,430.76            176.76-    441059          2.27 X 01/10/2005                                         1.02 x 1,000,000.0000             FFCB HTN DTD 01/09/98 5.900%               lrOOOi56O.OO      9551770.00      441702.00        5 9 1000        5.90 X 01/10/05                                           0.53 %
   ~13OO1000.0000 FFCB MTN DTD 02/01/95 8.120%                           1,305,408.00    1,363,089.00      57,681.00-      105,560          8.09 X 0 2/0 1 /O 5                                       0.69 X 4rO001000.0000              FHLHC NTS DTD 08/04/03 UNSECD              31978,120.00    410001000~00      21,880.00-       7 2I 000        1.81 X 1.8OOX 06/04/2005                                  2.09 ic 8,0001000.0000              FHLB BDS DTD 08/21/03 UNSECD 2.000%        7,9321480.00    8,000,000.00      67,520.00-      160 I 0 0 0      2.02 %
11/21/2005                                         4.17 X 2,500,000.0000              FNMA NTS DTD 02/09/04 UNSECD 2.030%        214721650.00    2,500,000.00      27,350.00-       SO I 750        2.05 X 02/09/2006                                         1.30 %

           @ First National Bank PO BOX 3327 OMAHA NE 68103 768-35 L I S T OF ASSETS OPPD FORT CALHOUN DECOH TRUST ACCOUNT:      1026446208                                                        AS OF 1 2 / 3 1 / 0 4                             PAGE:       34 EST1HATED         I NCOHE PAR VALUE                                                                      MARKET VALUE                       ANNUAL        Y I E L D AT OR SHARES               ASSET DESCRI PT I ON                                   % OF ACCOUNT                     INCOnE              ARKET 410001000.0000              FHLB BDS DTD 0 6 / 1 6 / 0 3 UNSECD                                          7OiOOO.00-     80 000          2.03 %
2.000% 06/16/2006 3 1 4 6 0 1 0 0 0 ~ 0 0 0 0 FNHA NTS DTD 1 2 / 1 1 / 0 3 UNSECD 3 . 3 0 0 X         31427~579.80         52~107.60-   1141180           3.33 X 12/11/2006                                                        1.80 %
3 ~ 5 0 0 ~ 0 0 0 ~ 0 0 0 FHLB 0    BDS DTD 0 6 / 3 0 / 0 3 UNSECD                     314221335.00         771665.00-     7 3 1 500       2 . 1 5 i!
2.100% 12/29/2006                                                 1 . 8 0 1:
117301000.0000              FHLB BDS DTD 0 7 / 0 9 / 0 3 UNSECD                     11691~611.30         37~506.40-     3 6 1763        2 . 1 7 i!
2.125% 01/09/2007                                                 0.89 X 418001000.0000              FHLB BDS DTD 0 7 / 2 3 / 0 3 UNSECD 2 . 3 7 5 %        417141512.00          85,488.00-   1141 O O O        2.42 X 01/23/2007                                                        2.48 X 3~7001000.0000              FNHA NTS DTD 1 0 / 2 0 / 0 3 UNSECD 3 . 0 5 0 %        3~6781022.00          21,978.00-   112,850           3.07 X 04/20/2007                                                        1.93 %
5r320~000-0000              FHLHC HTN DTD 0 2 / 2 7 / 0 4 UNSECD 3 . 1 2 5 %       5r282B387.60          37~612.40-   1 6 6 B 250       3.15 X 08/27/2007                                                        2.78 X 3 ~ 1 0 0 ~ 0 0 0 ~ 0 0 0 FHLHC 0      HTN DTD 0 3 / 1 8 / 0 4 UNSECD 3 . 0 0 0 X      31067~822.00          32,178.00-    93 1 OOO         3.03 X 09/18/2007                                                        1.61 X 4 i 0 5 0 ~ 0 0 0 ~ 0 0 0 0 FNHA NTS DTD 1 1 / 0 1 / 0 2 UNSECD                                          39,163.50-   149 B 850         3.70 X 3.700% 11/01/2007 415401000.0000              FNHA NTS DTD 1 1 / 0 5 / 0 4 3 . 5 1 0 X                                      5~675.00-   159 B 354         3.51 %
11/05/2007

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       @ First NationalBank Po BOX 3327 OMAHA NE 68103 768-37 L I S T OF ASSETS OPPD FORT CALHOUN DECOH TRUST ACCOUNT: 1026446208                                                                                                    PAGE:       36 AS OF 12/31/04 UNREALIZED   ESTIMATED        INCOME PAR VALUE                                                  MARKET VALUE                     GAIN/LOSS     ANNUAL       Y I E L D AT OR SHARES          ASSET DFSCRIPTIOY                       X OF ACCOUNT      FED TAX COST (FED TO HKT)    INCOHE         MARKET 319151000.0000       FHLHC NTS DTD 10/11/02 UNSECD           319101106.25      318471710.94    62,395.31    185,963          4.76 X 4.750X 10/11/2012                               2.06 X TOTAL U.S. GOVERNMENT AGENCIES                       101,8151663.95      109i1281471.44   3121807.49- 31781I 0 4 2       3.47 x 57.22 %
CORPORATE & FOREIGN BONDS 115501000-0000 US BANK NA SUB NTS DTD 12/16/98               116451154.50      11667,645.00    228490.50-    88,350          5.37   %
5 . 7 0 0 X 12/15/2008                          0.87 X TAXABLE F I X E D INCOHE FUNDS 6,9391294.5740       WESTERN ASSET CORE BOND PORTFOLIO     79,663,101.71      78,9161213.24   7461888.47  2,8171 354         3.54 X FUND CL I                                      41.89 X PRINCIPAL PORTFOLIO TOTAL                                  I9011631068.89      18917511478.41   4111590.48  6,6871462          3.52 ic 100.00 X TOTAL ASSETS                                               1901163,068.89      189,7511478.41   4111590.48  6,6871 462         3.52 X 100.00 ic}}