Form 5500 Central States, Southeast And

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FORM 5500

CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS

PENSION FUND

ANNUAL RETURN/REPORT

DECEMBER 31, 2005

SAME

450812

156744 180955 86213 423912 27711 451623

13426

X 1B 1E 1G

X X

0 2 0 5 5 4 0 2 0 I X X X X 1 X X X X X 1

0 2 0 5 5 4 0 3 0 J CENTRAL STATES, SE AND SW AREAS PENSION PLAN 001

TRUSTEES OF CENTRAL STATES PENSION FUND 36-6044243

JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY

04-1414660 65099 GAC 461 ASSN 0 15 01/01/2005 12/31/2005

0 0

0 6 0 5 5 4 0 1 0 L 0 6 0 5 5 4 0 2 0 M X

0 6 0 5 5 4 0 3 0 N 0 6 0 5 5 4 0 4 0 O

CENTRAL STATES, SE AND SW AREAS PENSION PLAN 001

TRUSTEES OF CENTRAL STATES PENSION FUND 36-6044243

20710692

THE BOSTON COMPANY ASSET MGMT., LLC 04-3404987

4491311 21

1 0 0 5 5 4 0 1 0 G THE PUTNAM COMPANIES, INC. 04-6187127

4355424 21

GOLDMAN SACHS ASSET MANAGEMENT LP 13-3575636

3679306 99

STATE STREET CORPORATION 04-1867445

3352099 21

1 0 0 5 5 4 0 2 0 H J.P. MORGAN INVESTMENT MGMT. INC. 13-3200244

3251925 99

CAPITAL GUARDIAN TRUST COMPANY 95-2553868

3064755 21

MELLON BANK, N.A. 25-0659306

2887502 18

1 0 0 5 5 4 0 2 0 H BARCLAYS GLOBAL INVESTORS 94-3112180

2664185 21

W.R. HUFF ASSET MANAGEMENT CO., LLC 13-3245475

2264937 21

ARTISAN PARTNERS L.P. 39-1807188

2232164 21

1 0 0 5 5 4 0 2 0 H WELLINGTON MANAGEMENT COMPANY, LLP 04-2683227

2217771 21

PACIFIC FINANCIAL RESEARCH, INC. 95-4623796

2023067 21

OECHSLE INTERNATIONAL ADVISORS, LLC 04-2929117

2017450 21

1 0 0 5 5 4 0 2 0 H DONALD SMITH & COMPANY, INC. 13-2807845

1788143 21

TURNER INVESTMENT PARTNERS, INC. 23-2587824

1664033 21

WESTERN ASSET MANAGEMENT COMPANY 92-2705767

1475789 21

1 0 0 5 5 4 0 2 0 H MELLON CAPITAL MANAGEMENT 25-1442864

1468122 21

TRUST COMPANY OF THE WEST 95-2749628

1427944 21

LSV ASSET MANAGEMENT 23-2772200

1369983 21

1 0 0 5 5 4 0 2 0 H GROOM LAW GROUP, CHARTERED 52-1219029

1322001 22

GENESIS ASSET MANAGERS LIMITED

1306798 21

NEXT CENTURY GROWTH INVESTORS, LLC 41-1923871

1178388 21

1 0 0 5 5 4 0 2 0 H EARNEST PARTNERS, LLC. 58-2386669

1162231 21

NORTHERN TRUST GLOBAL ADVISORS, INC 06-1438425

1033475 99

WASATCH ADVISORS, INC. 87-0319391

973881 21

1 0 0 5 5 4 0 2 0 H COHEN & STEERS CAPITAL MGMT. 13-3353360

925851 21

PACIFIC INVESTMENT MANAGEMENT CO. 33-0629048

755723 21

BRANDYWINE ASSET MANAGEMENT 51-0294065

738368 21

1 0 0 5 5 4 0 2 0 H PARETO PARTNERS

694566 21

RECORD TREASURY MANAGEMENT LTD

693445 21

FORSTMAN-LEFF ASSOCIATES, LLC 13-3131718

666389 21

1 0 0 5 5 4 0 2 0 H BRIDGEWATER ASSOCIATES, INC. 13-2871809

562500 21

ABKB/LA SALLE SECURITIES 36-3991973

560291 21

AQR CAPITAL MANAGEMENT, LLC 13-3987414

552083 21

1 0 0 5 5 4 0 2 0 H HARRIS ASSOCIATES L.P. 04-3276558

547093 21

COLUMBUS CIRCLE INVESTORS 06-1404803

546455 21

WILLIAM BLAIR & COMPANY, LLC 36-2214610

536133 21

1 0 0 5 5 4 0 2 0 H STANDISH MELLON 25-1890416

524689 21

TRANSAMERICA INVESTMENT MANAGEMENT 06-1564377

485914 21

PZENA INVESTMENT MANAGEMENT, LLC 13-3860154

468357 21

1 0 0 5 5 4 0 2 0 H MILLIMAN, INC. 91-0675641

ENROLLED ACTUARY 111 SW FIFTH AVENUE SUITE 3700 PORTLAND OR 97204-3654

503-227-0634

THE ENROLLED ACTUARY FIRM LISTED ABOVE NO LONGER PREPARES THE FORM 5500 SCHEDULE B FOR THIS PLAN; NO DISPUTES INVOLVED.

1 0 0 5 5 4 0 3 0 I Central States, Southeast and Southwest Areas Pension Fund EIN: 36-6044243 and PN: 001 Explanation to Schedule C, Part I, 2(b) and 2(g)

2(b): Service providers with no Employer Identification Number are foreign corporations.

2(g): Service providers with Service Code ‘99’:

Service Provider Nature of service Goldman Sachs Asset Management, L.P. Named Fiduciary J. P. Morgan Investment Management Inc. Named Fiduciary Northern Trust Global Advisors, Inc. Named Fiduciary CENTRAL STATES, SE AND SW AREAS PENSION PLAN 001

TRUSTEES OF CENTRAL STATES PENSION FUND 36-6044243

ALPHA TILTS FUND

BARCLAYS GLOBAL INVESTORS, N.A.

94-6581660-001 C 319438223

RUSSELL 1000 ALPHA TILTS FUND

BARCLAYS GLOBAL INVESTORS, N.A.

94-6589508-001 C 300509439

1 2 0 5 5 4 0 1 0 I 1 2 0 5 5 4 0 2 0 J 1 2 0 5 5 4 0 3 0 K CENTRAL STATES, SE AND SW AREAS PENSION PLAN 001

TRUSTEES OF CENTRAL STATES PENSION FUND 36-6044243

ADELPHIA COMMUNICATIONS CORPORATION 1 N. MAIN ST. COUDERSPORT PA 16915-0000 14122000

0 0 19389270

14122000 5267270

2 4 0 5 5 4 0 1 0 L CENTURY COMMUNICATIONS CORP. 50 LOCUST AVENUE NEW CANAAN CT 06840-0000 15784000

0 0 18179683

15666782 2512901

E. SPIRE COMMUNICATIONS, INC. 12975 WORLDGATE DRIVE HERNDON VA 20170-0000 15295000

0 0 15716134

15295000 421134

2 4 0 5 5 4 0 2 0 M INTERACT OPERATING CO. 6836 MORRISON BOULEVARD CHARLOTTE NC 28211-0000 64687

0 0 64687

64687 0

MID-AMERICAN WASTE SYSTEMS, INC. 380 LEXINGTON AVE. SUITE 1514 NEW YORK NY 10166-0000 6060000

0 158497 3037114

0 3037114

2 4 0 5 5 4 0 2 0 M XCL LTD. 3639 AMBASSADOR CAFFERY PKWY. LAFAYETTE LA 70503-0000 890000

0 0 890000

890000 0

2 4 0 5 5 4 0 2 0 M 2 4 0 5 5 4 0 3 0 N WASATCH ADVISORS, INC. INVESTMENT MANAGER

73 CROSS-TRADES OF VARIOUS SECURITIES TRANSACTED AUG 2001 - JAN 2003.

6796

-8389

2 4 0 5 5 4 0 4 0 O CENTRAL STATES, SE AND SW AREAS PENSION PLAN 001

TRUSTEES OF CENTRAL STATES PENSION FUND 36-6044243

200100 1515668

93738747 129155283

140215612 148450667

226836914 374755233 3162431371 3485893529

1742347910 1765478748 580643499 858151371

55966827 62816462 9310292698 9091619296

2136781315 2545891670

549729822 619947662

468501884 913994315

1380642703 1288715664

1 8 0 5 5 4 0 1 0 O 1325585071 1042886997

4906045 4488684 21178820518 22333761249

45623585 62827131

2415664237 2974604708 2461287822 3037431839

18717532696 19296329410

1278312186 863609

1279175795

32512214 151965640 125130679 5428129

4362763 319399425 2844297 248400553 251244850

175426954084 175131714742 295239342

1 8 0 5 5 4 0 2 0 P 837024121 837024121

169334088 82546254 3233963875

2535043943

2963452

80311901 36847865 120123218 2655167161

578796714

X X 13-3891517 DELOITTE & TOUCHE LLP

1 8 0 5 5 4 0 3 0 Q X

X 57276888

X X 3000000

X 9083354

1 8 0 5 5 4 0 4 0 R

CENTRAL STATES, SE AND SW AREAS PENSION PLAN 001

TRUSTEES OF CENTRAL STATES PENSION FUND 36-6044243

36-6044243

2 2 0 5 5 4 0 1 0 J

INFORMATION

HAS BEEN FILED

3 0 0 5 5 4 0 2 0 J ATTACHMENT A

CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART III, LINE 3A ACCOUNTANTS’ OPINION, INCLUDING FINANCIAL STATEMENTS AND NOTES

INDEPENDENT AUDITORS’ REPORT

To the Trustees of Central States, Southeast and Southwest Areas Pension Fund

We have audited the accompanying statements of net assets available for benefits of Central States, Southeast and Southwest Areas Pension Fund (the “Fund”) as of December 31, 2005 and 2004, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of the internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such financial statements present fairly, in all material respects, the financial status of the Fund as of December 31, 2005 and 2004, and the changes in its financial status for the years then ended in conformity with accounting principles generally accepted in the United States of America.

Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of: assets (held at end of year) as of December 31, 2005 (Form 5500, Schedule H, Part IV, Line 4i); reportable transactions for the year ended December 31, 2005 (Form 5500, Schedule H, Part IV, Line 4j); loans or fixed income obligations in default or classified as uncollectible as of December 31, 2005 (Form 5500, Schedule G, Part I); and nonexempt transactions (Form 5500, Schedule G, Part III) are presented for the purpose of additional analysis and are not a required part of the basic financial statements, but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. These supplemental schedules are the responsibility of the Fund’s management. The supplemental schedules have been subjected to the auditing procedures applied in the audit of the basic 2005 financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic 2005 financial statements taken as a whole.

September 8, 2006

CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART III, LINE 3A Central States, Southeast and Southwest Areas Pension Fund Statements of Net Assets Available for Benefits December 31, 2005 and 2004 (In thousands)

2005 2004

Assets Investments at fair value (Note 3): Cash equivalents $ 1,393,575 1,269,322 Fixed income: U.S. Government and government agency debt 3,242,612 3,016,427 U.S. Corporate debt 2,420,688 2,082,351 International 179,653 174,333 Commingled 532,684 195,682 Equity: U.S. Common and preferred 5,834,744 6,679,935 International 4,155,749 3,789,052 Commingled 1,001,258 822,549 Other, primarily real estate related 743,296 773,328 Total investments 19,504,259 18,802,979

Receivables: Employer contributions, less allowance for uncollectible contributions of $1,238 and $2,768 in 2005 and 2004, respectively 129,155 93,739 Interest and dividends 78,083 74,625 Other, primarily for securities sold 70,368 65,590 Total receivables 277,606 233,954

Cash 1,516 200 Collateral held under securities lending agreements (Note 3) 2,545,892 2,136,782 Other, primarily furniture and equipment - net 4,488 4,906 Total assets 22,333,761 21,178,821

Liabilities Liability to return collateral held under securities lending agreements (Note 3) 2,545,892 2,136,782 Payables for securities purchased 372,900 239,918 Deferred withdrawal liability receipts 55,813 38,965 Accounts payable and accrued expenses 62,827 45,623 Total liabilities 3,037,432 2,461,288

Net assets available for benefits $ 19,296,329 18,717,533

See accompanying notes to financial statements.

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CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART III, LINE 3A Central States, Southeast and Southwest Areas Pension Fund Statements of Changes in Net Assets Available for Benefits Years Ended December 31, 2005 and 2004 (In thousands)

2005 2004 Revenue Contributions $ 1,279,175 1,127,856 Withdrawal liability 82,833 80,156

Total revenue 1,362,008 1,208,012

Benefits and expenses Benefits to participants 2,535,044 2,466,343 General and administrative expenses (Note 4) 37,877 35,673

Total benefits and expenses 2,572,921 2,502,016

Loss from operations (1,210,913) (1,294,004)

Investment income Interest, dividends and other 639,684 591,978 Net realized and unrealized gain on investments (Note 3) 1,232,271 1,786,355 Investment expenses (82,246) (91,932)

Net investment income 1,789,709 2,286,401

Increase in net assets 578,796 992,397 Net assets available for benefits Beginning of year 18,717,533 17,725,136

End of year $ 19,296,329 18,717,533

See accompanying notes to financial statements.

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CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART III, LINE 3A Central States, Southeast and Southwest Areas Pension Fund Notes to Financial Statements

1. Description of Fund and Plan

(a) Participation and contributions

Central States, Southeast and Southwest Areas Pension Fund ("Fund") was established in 1955 by an Agreement and Declaration of Trust ("Trust Agreement"). The Fund provides for retirement and related benefits for eligible employees of contributing employers that are signatory to collective bargaining agreements with Teamster local unions accepted by the Trustees.

Pursuant to the Trust Agreement, the Trustees have established the Central States, Southeast and Southwest Areas Pension Plan ("Plan"). The Plan is a defined benefit plan within the meaning of, and subject to, the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Participation is based on covered service as defined by applicable collective bargaining agreements. Benefits under the Plan are generally based on the participant's age, accumulated service credit (including certain noncontributory service credit) and the rate at which contributions were required to be made to the Fund.

Employers make contributions to the Fund, on behalf of their employee participants, at rates specified in applicable collective bargaining agreements. Under specified conditions, participating employees may make self-contributions to secure benefits. Trustees are empowered to establish and amend the level of Plan benefits. Although an individual Trustee may participate in collective bargaining in the capacity of an employer or union representative, the Fund itself is not a party to these negotiations. Collective bargaining agreements are generally negotiated for multi-year periods with varying expiration dates, terms and employer contribution rates.

(b) Benefits

The Plan provides various pension benefits. Benefit levels are generally based on the participant's contribution levels, length of vested service and age. Generally, at least 5 years of service are required to be eligible for any benefit level. The most common benefit paid to the existing retiree population is the Twenty Year Service Pension, which requires 20 years of service credit in the Teamster industry. The benefit most commonly paid to new retirees is the Contributory Credit Pension, which requires 20 or more years of employer contributions to the Plan. Under certain conditions, partial pensions are available at reduced amounts where participation has been divided between the Plan and other pension plans that have reciprocal agreements with the Fund. The Plan also provides for a monthly disability benefit, a lump-sum disability benefit and various death benefits.

In accordance with amendments of ERISA by the Multiemployer Pension Plan Amendment Act of 1980 ("MPPAA"), the Trust Agreement and the Plan provide for the Modified Basic Method (Two Pool Approach) of determining employer withdrawal liability. The Trustees have approved an exemption of withdrawal liability for employers for certain temporary contribution obligation periods in accordance with Section 4210 of ERISA (29 U.S.C. § 1390). The Trustees have also approved an exemption of withdrawal liability for employers in the building and construction industry in accordance with Section 4203(b) of ERISA (29 U.S.C. § 1383(b)).

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CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART III, LINE 3A (d) Plan termination

The Trustees control and manage the operation and administration of the Fund and the Plan and, subject to certain conditions, may amend or terminate the Trust Agreement and Plan. The Trustees intend to continue the Plan; however, termination of the Plan would result in allocation of the Fund's net assets to participants and beneficiaries of the Plan in the order specified by ERISA and in accordance with the Trust Agreement. In the event of Plan termination, certain benefits under the Plan are insured by the Pension Benefit Guaranty Corporation ("PBGC"). Generally, the PBGC guarantees most vested normal age retirement benefits, early retirement benefits and certain disability and survivor's pensions. However, the PBGC does not guarantee all types of benefits under the Plan, and the amount of benefit protection is subject to certain limitations. Vested benefits under the Plan are guaranteed at the level in effect on the date of the Plan's termination, subject to a statutory ceiling on the amount of an individual's monthly benefit.

Whether all participants receive their benefits should the Plan be terminated at some future time will depend on the sufficiency, at that time, of the Plan's net assets to provide those benefits and the level of benefits guaranteed by the PBGC at that time.

(e) Funding policy

The Trustees establish contribution rates intended to be sufficient to pay benefits required by the Plan. For the years ended December 31, 2005 and 2004, the minimum funding requirements of ERISA were satisfied. In July 2005, subject to certain conditions, the Internal Revenue Service approved the Pension Fund’s request for a 10-year amortization extension for amortizing the unfunded liabilities for the Plan year beginning January 1, 2004. The Pension Fund has satisfied the conditions set forth in the approval for the years ending December 31, 2005 and 2004.

2. Summary of significant accounting policies

(a) Basis of accounting

The accompanying financial statements are prepared using the accrual basis of accounting.

(b) Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and changes therein, and disclosure of contingent assets and liabilities and the actuarial present value of accumulated plan benefits at the date of the financial statements. Actual results could differ from those estimates.

Contributions are billed monthly based upon employment information provided by employers and rates specified in applicable collective bargaining agreements.

Withdrawal liability, which is based upon an employer's allocated share of the Plan's unfunded liability for vested benefits, is assessed as of the time of an employer's partial or complete withdrawal from the Fund, as defined by MPPAA. The ultimate realization of withdrawal liability assessments generally are not reasonably estimable. The Fund recognizes withdrawal liability assessments as revenue only when collection has occurred and pending arbitration and litigation have been settled.

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CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART III, LINE 3A

(d) Payment of benefits

Benefit payments to participants are recorded when paid.

3. Investments

(a) Management

Under terms of a 1982 Consent Decree with the United States Department of Labor, as amended, the Fund's cash and investments are managed in accordance with the investment objectives of the Named Fiduciaries (currently Goldman Sachs Asset Management, L.P. and Northern Trust Global Advisors, Inc.). Independent investment managers are selected by and report to the Named Fiduciaries and have exclusive authority to purchase or sell investment assets under their control, subject to compliance with investment policies formulated by the Named Fiduciaries after consultation with the Trustees.

The Consent Decree also requires 20% of the Fund’s investment assets to be invested in a passive domestic fixed income index account not subject to the control of a Named Fiduciary. By Court approval, these investments are managed by a separate investment manager selected by the Pension Fund and governed by an investment policy that requires the investment manager to seek to replicate the characteristics of the Lehman Brothers Aggregate Bond Index.

(b) Valuation

Investments are carried at estimated fair value, determined as follows:

U.S. common and preferred stocks traded on national securities exchanges or over-the-counter market and non-U.S. equity securities are valued at the closing composite sales price or, lacking any sales, at the latest bid quotation on the date of valuation. U.S. and non-U.S. long-term corporate debt and government and government agency debt (including forward commitments) are valued at the closing market price or, lacking a quoted market price, at estimated fair value based on yield data relating to similar classes of securities on the date of valuation. All open exchange-traded option positions are valued at the last quoted price at the principal exchange where traded. Swap position valuations are derived from either their underlying market indices, index futures contracts or spot contracts. These underlying indices are listed on Exchanges and prices are quoted by recognized index vendors. Short-term securities are valued at amortized cost, which approximates market value. Securities purchased under agreements to resell are valued at contract amount. Unit shares of commingled funds and real estate investment trusts are valued at their pro-rata share of the month end closing composite net asset value based on the net assets of the trust or fund. Valuations of non-U.S. securities are converted into U.S. dollars at the closing daily exchange rate. Realized gains and losses on securities are determined by the average cost method.

Securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the financial statements.

At December 31, 2005 and 2004, the Fund did not hold any individual investments that were equal to or greater than 5% of its net assets.

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CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART III, LINE 3A (c) Custody

Investments owned by the Fund are held by the custodian, Mellon Trust.

(d) Securities lending agreements

Securities with a fair value approximating $2.5 billion and $2.1 billion were on loan by the custodian to various securities brokers on a temporary basis at December 31, 2005 and 2004, respectively. The Fund's loan of securities is secured by collateral in the form of cash, United States government debt securities or letters of credit issued by United States commercial banks. Loans of foreign securities may additionally be collateralized by select foreign government, equity or supranational securities. Under securities lending agreement terms, it is required that each loan at inception shall be secured by collateral with a market value equal to or greater than 102% (105% in the case of issuers of non–U.S. securities) of the securities loaned and remain at or above 100% (105% for non–U.S. securities).

(e) Derivatives

Investment managers, on behalf of the Fund, trade derivative financial instruments and financial instruments with off-balance-sheet risk in the normal course of investing activities. These financial instruments include futures contracts and forward foreign currency exchange rate contracts. The notional or contractual amounts of these instruments represent the investment the Fund has in particular classes of financial instruments and do not necessarily represent the amounts potentially at risk. The measurement of the risks associated with these instruments is meaningful only when all related and offsetting transactions are considered. The credit risk associated with these financial instruments is minimal as they are traded either on organized exchanges or with a limited number of highly rated counter parties.

Futures Contracts - Investment managers, on behalf of the Fund, may enter into financial futures contracts for the future delivery of financial instruments or contracts based on financial indices at a fixed price. The Fund's primary investment in futures contracts is designed to adjust its allocation to various asset classes and exposure to foreign currency exchange rates. Futures contracts are also used in an effort to provide additional return on the investment portfolio. Upon entering such contracts, the Fund is required to deposit, either in cash or securities, a certain percentage of the contract amount. Subsequent payments are made or received by the Fund each day, depending on the daily fluctuations in the market value of the financial instrument or underlying index, and are recorded for financial statement purposes as realized gains or losses. Futures contracts utilized consist primarily of Euroyen and Eurodollars in the cash and cash equivalents category, U.S. Treasury Notes, Japan bonds and UK Long Gilt in the fixed income category, S&P 500, TOPIX, FTSE 100 and Russell 2000 Indexes in the equity category, and gold, copper and aluminum in the commodity category.

Foreign Currency Exchange Contracts - Investment managers, on behalf of the Fund, may enter into forward foreign currency exchange contracts for the purchase or sale of a specific foreign currency at a fixed price on a future date to hedge exposure to foreign currency fluctuations against the U.S. dollar. Forward foreign currency exchange contracts are repriced to reflect the daily forward exchange rate of the underlying currency, and any gains or losses are recorded for financial statement purposes as unrealized until settlement at which time any gain or loss is realized. The primary foreign currencies hedged are the Euro, the Japanese Yen and the British Pound.

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CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART III, LINE 3A A summary of obligations at December 31, 2005 and 2004 under these financial instruments is as follows: 2005 2004 (In thousands) Open futures contracts (notional value): Cash and cash equivalents: Short position $ (1,778,839) (487,938) Long position 1,039,238 815,185

Fixed income: Short position Domestic (830,391) (613,811) Foreign (913,458) (563,272) (1,743,849) (1,177,083) Long position Domestic 67,946 49,476 Foreign 737,864 1,042,563 805,810 1,092,039 Equity: Short position Domestic (270,412) (277,241) Foreign (669,905) (688,399) (940,317) (965,640) Long position Domestic 2,072,948 1,385,786 Foreign 329,455 504,576 2,402,403 1,890,362 Commodities: Short position (65,268) (49,889) Long position 77,200 60,315

Forward foreign currency exchange contracts: Contracts receivable: Short position $ 3,080,612 4,249,295 Long position 1,142,545 3,124,080 Total contracts receivable 4,223,157 7,373,375

Contracts payable: Short position (3,077,156) (4,454,706) Long position (1,147,091) (2,998,983) Total contracts payable (4,224,247) (7,453,689) Net contracts payable $ (1,090) (80,314)

The forward foreign currency exchange net contracts payable is classified with the Payables for securities purchased on the Statement of Net Assets Available for Benefits.

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CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART III, LINE 3A (f) Net realized and unrealized gain (loss) on investments

The net realized and unrealized gain (loss) on investments for the years ended December 31, 2005 and 2004 consists of the following:

2005 2004 (In thousands)

Fixed income (including cash equivalents) $ (69,989) (131,903) Equity 1,112,733 1,541,890 Other, primarily real estate related 189,527 376,368

$ 1,232,271 1,786,355 Net gain

Included above are net realized gains of $1.5 billion and $1.4 billion in 2005 and 2004, respectively.

4. Transactions with the Health and Welfare Fund

The Fund has common Trustees and shares common office facilities, personnel and other functions with Central States, Southeast and Southwest Areas Health and Welfare Fund ("Health and Welfare Fund"). In addition, all Fund employees are covered by one of the Health and Welfare Fund's benefit plans. Shared costs are allocated between the Fund and the Health and Welfare Fund on the basis of estimated utilization. Approximately $28 million and $26 million of such costs are included in general and administrative expenses for 2005 and 2004, respectively.

5. Income tax status

The Internal Revenue Service (IRS) issued a letter of determination, dated April 7, 2004, stating that the Fund, as designed, is exempt from federal income tax under Section 501 of the Internal Revenue Code. The Fund’s management believes the Fund is currently designed and being operated in accordance with applicable rules and regulations; therefore, no provision for income taxes is included in these financial statements.

6. Actuarial present value of accumulated benefits

Accumulated benefits are future benefit payments attributable to service credits earned by participants as of the valuation date. Accumulated benefits include amounts expected to be paid to active, retired or terminated participants or their beneficiaries. The actuarial present value of accumulated benefits is determined by the Fund's actuaries using actuarial assumptions to adjust accumulated benefits to reflect related administrative expenses, the time value of money (through discounts equal to the assumed investment rate of return) and the probability of payment (by means of decrements such as for death, disability, termination or retirement) between the valuation date and the expected dates on which the benefits will be paid.

Significant assumptions that remained the same for the 2005 and 2004 actuarial computations are as follows: (1) annual investment rate of return of 8% (net of investment expenses); (2) varying rates of retirement, resulting in an average retirement age of 61; and (3) rates of participant termination for reasons other than death, disability or retirement developed from Plan experience. Mortality rates for 2005 were updated to the 1983 Group Annuity Mortality tables for all classifications of participants except disabled retirees, which remained at Plan experience rates. The 2004 mortality rates were developed from Plan experience for participants receiving benefits and from an established table for other participants.

- 9 -

CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART III, LINE 3A The foregoing assumptions are based on the presumption that the Fund will continue. Were the Fund to terminate, different actuarial assumptions and other factors might be applicable in determining the actuarial present value of accumulated benefits.

The actuarial present value of accumulated benefits at December 31, 2005 and 2004 is as follows:

2005 2004 (In millions)

Vested benefits: Participants and beneficiaries currently receiving benefits $ 21,232 19,828 Other participants 10,551 9,513 31,783 29,341 Nonvested benefits 1,561 1,679

$ 33,344 31,020 Total actuarial present value of accumulated benefits

Information used to determine the actuarial present value of accumulated benefits includes participant census data and benefit provisions in effect at each valuation date.

Changes during the year in the actuarial present value of accumulated benefits are summarized as follows:

December 31 2005 2004 (In millions)

Actuarial present value of accumulated benefits at beginning of year$ 31,020 30,039

Increase (decrease) during the year attributable to: Interest on the actuarial present value of accumulated benefits 2,380 2,304 Benefit payments (2,535) (2,466) Assumption changes 1,881 - Benefits accumulated 389 346 Actuarial experience 209 797

$ 33,344 31,020 Actuarial present value of accumulated benefits at end of year

- 10 - ATTACHMENT B

CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR INTEREST-BEARING CASH DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST RATE PRINCIPAL

DOMESTIC

* BOSTON SAFE DEPOSIT TRUST ACCOUNT 0.500$ 4,476,705 $ 4,476,705 $ 4,476,705 CALYON FINANCIAL CERTIFICATE OF DEPOSIT 4.280 23,000,000 22,986,607 22,986,607 DANSKE BANK TIME DEPOSIT 4.230 12,000,000 12,000,000 12,000,000 * EMPLOYEE BENEFIT TEMPORARY INVESTMENT FUND 4.274 80,417,746 80,417,746 80,417,746 FUTURES CASH COLLATERAL MARGIN VARIOUS 92,818,931 92,818,931 92,818,931 HSBC BANK USA, N.A. CERTIFICATE OF INSURANCE 3.870 2,400,000 2,400,000 2,364,996 MANUFACTURERS AND TRADERS TRUST CERTIFICATE OF INSURANCE 4.339 22,000,000 21,986,943 21,986,943 SOCIETE GENERALE BANK TIME DEPOSIT 4.130 52,000,000 52,000,000 52,000,000 SWEDBANK S.A. CERTIFICATE OF INSURANCE 4.327 20,000,000 19,987,678 19,987,678

TOTAL DOMESTIC INTEREST-BEARING CASH 309,074,610 309,039,606

FOREIGN

CURRENCY VARIOUS N/A 41,535,150 40,953,838 FUTURES CASH COLLATERAL MARGIN VARIOUS N/A 25,073,719 24,761,789

TOTAL FOREIGN INTEREST-BEARING CASH 66,608,869 65,715,627

TOTAL INTEREST-BEARING CASH $ 375,683,479 $ 374,755,233

B-1 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR GOVERNMENT SECURITIES DECEMBER 31, 2005

IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

U.S.A. GOVERNMENT

CALIFORNIA STATE ECONOMIC RECOVERY BONDS 07/01/2012 5.250 %$ 1,500,000 $ 1,632,345 $ 1,639,635 FEDERAL FARM CREDIT BANK 09/17/2007 2.625 13,300,000 12,869,868 12,858,839 FEDERAL FARM CREDIT BANK 02/11/2010 4.580 1,040,000 1,040,000 1,040,291 FEDERAL HOME LOAN BANK 01/03/2006 4.599 93,500,000 93,464,677 93,464,677 FEDERAL HOME LOAN BANK 05/15/2007 2.625 14,000,000 13,879,180 13,624,380 FEDERAL HOME LOAN BANK 05/15/2007 4.875 10,000,000 10,985,600 10,027,800 FEDERAL HOME LOAN BANK 08/22/2008 3.875 28,500,000 27,973,743 27,922,875 FEDERAL HOME LOAN BANK 09/02/2008 5.800 10,500,000 11,671,355 10,735,830 FEDERAL HOME LOAN BANK 09/17/2010 4.375 5,500,000 5,498,476 5,421,229 FEDERAL HOME LOAN BANK 05/15/2012 5.750 12,500,000 13,945,250 13,158,742 FEDERAL HOME LOAN BANK 09/16/2013 4.500 3,000,000 2,914,410 2,946,841 FEDERAL HOME LOAN BANK 06/18/2014 5.250 5,000,000 5,349,195 5,161,500 FEDERAL HOME LOAN MORTGAGE CORPORATION 07/07/2006 2.000 2,600,000 2,552,022 2,564,900 FEDERAL HOME LOAN MORTGAGE CORPORATION 11/02/2007 3.250 5,950,000 5,827,787 5,800,952 FEDERAL HOME LOAN MORTGAGE CORPORATION 09/15/2008 3.625 28,150,000 27,760,241 27,397,832 FEDERAL HOME LOAN MORTGAGE CORPORATION 10/01/2008 3.500 915,026 917,742 883,092 FEDERAL HOME LOAN MORTGAGE CORPORATION 03/21/2011 5.875 2,500,000 2,826,950 2,594,625 FEDERAL HOME LOAN MORTGAGE CORPORATION 07/15/2012 5.125 4,000,000 4,256,080 4,074,011 FEDERAL HOME LOAN MORTGAGE CORPORATION 10/25/2029 FLOATING 519,781 520,349 519,771 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 4.000 20,702,779 20,165,596 19,855,107 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 4.375 24,600,000 24,444,936 24,113,175 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 4.500 79,002,503 77,894,446 76,497,756 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 4.875 30,350,000 32,031,319 30,444,630 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 5.000 217,961,908 215,689,401 212,956,711 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 5.500 146,716,191 149,028,219 145,881,091 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 6.000 49,668,135 51,237,002 50,386,265 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 6.250 12,500,000 13,553,255 13,663,535 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 6.500 23,992,022 25,050,646 24,747,084 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 7.000 38,062,992 42,249,344 40,842,367 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 7.500 3,248,327 3,420,306 3,382,155 FEDERAL HOME LOAN MORTGAGE CORPORATION VARIOUS 8.000 623,221 670,077 665,751 FEDERAL HOUSING AUTHORITY 01/01/2012 8.360 735,277 749,982 741,577 FEDERAL HOUSING AUTHORITY VARIOUS 7.430 1,629,387 1,558,723 1,644,785 FEDERAL NATIONAL MORTGAGE ASSOCIATION 05/15/2006 5.340 35,530,000 34,841,971 34,841,971 FEDERAL NATIONAL MORTGAGE ASSOCIATION 05/17/2006 4.453 9,250,000 9,098,987 9,098,987 FEDERAL NATIONAL MORTGAGE ASSOCIATION 06/01/2006 3.020 4,475,000 4,438,752 4,444,614 FEDERAL NATIONAL MORTGAGE ASSOCIATION 01/19/2007 2.625 12,000,000 11,827,920 11,745,358 FEDERAL NATIONAL MORTGAGE ASSOCIATION 01/30/2007 2.710 4,625,000 4,577,064 4,530,696 FEDERAL NATIONAL MORTGAGE ASSOCIATION 03/15/2007 7.125 5,000,000 5,824,650 5,142,700 FEDERAL NATIONAL MORTGAGE ASSOCIATION 05/15/2007 3.375 2,500,000 2,463,575 2,457,600 FEDERAL NATIONAL MORTGAGE ASSOCIATION 07/13/2007 4.150 7,825,000 7,792,917 7,756,140 FEDERAL NATIONAL MORTGAGE ASSOCIATION 08/15/2007 3.000 32,800,000 32,222,095 31,955,340 FEDERAL NATIONAL MORTGAGE ASSOCIATION 03/25/2009 FLOATING 620,749 13,265 5,574 FEDERAL NATIONAL MORTGAGE ASSOCIATION 04/01/2009 6.136 1,305,984 1,394,393 1,339,443 FEDERAL NATIONAL MORTGAGE ASSOCIATION 01/15/2010 7.250 10,000,000 12,392,400 10,913,100 FEDERAL NATIONAL MORTGAGE ASSOCIATION 11/15/2010 6.625 35,000,000 40,215,700 37,839,200 FEDERAL NATIONAL MORTGAGE ASSOCIATION 11/01/2011 5.933 1,381,047 1,487,646 1,442,489 FEDERAL NATIONAL MORTGAGE ASSOCIATION 11/15/2011 5.375 5,000,000 5,429,750 5,149,312 FEDERAL NATIONAL MORTGAGE ASSOCIATION 02/21/2013 4.750 10,000,000 10,293,000 9,963,500 FEDERAL NATIONAL MORTGAGE ASSOCIATION 10/15/2013 4.625 11,350,000 11,279,513 11,231,177 FEDERAL NATIONAL MORTGAGE ASSOCIATION 05/15/2029 6.250 9,778,000 11,110,518 11,526,404 FEDERAL NATIONAL MORTGAGE ASSOCIATION 09/01/2031 8.500 103,580 112,449 111,827 FEDERAL NATIONAL MORTGAGE ASSOCIATION 01/01/2032 5.049 392,151 392,595 391,704 FEDERAL NATIONAL MORTGAGE ASSOCIATION 01/01/2035 4.573 2,623,249 2,660,343 2,582,169 FEDERAL NATIONAL MORTGAGE ASSOCIATION 01/01/2035 4.875 5,204,618 5,296,918 5,171,360 FEDERAL NATIONAL MORTGAGE ASSOCIATION 09/01/2035 4.630 7,300,000 7,240,687 7,240,724 FEDERAL NATIONAL MORTGAGE ASSOCIATION 10/25/2035 5.750 2,850,000 2,939,062 2,902,411 FEDERAL NATIONAL MORTGAGE ASSOCIATION 01/23/2036 5.000 1,900,000 1,876,250 1,874,578 FEDERAL NATIONAL MORTGAGE ASSOCIATION VARIOUS 4.000 24,022,273 23,366,996 23,161,695 FEDERAL NATIONAL MORTGAGE ASSOCIATION VARIOUS 4.500 114,506,168 111,990,774 110,728,645 FEDERAL NATIONAL MORTGAGE ASSOCIATION VARIOUS 5.000 336,686,908 331,539,217 328,827,807

B-2 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR GOVERNMENT SECURITIES DECEMBER 31, 2005

IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

FEDERAL NATIONAL MORTGAGE ASSOCIATION VARIOUS 5.250 %$ 16,800,000 $ 17,751,057 $ 17,004,586 FEDERAL NATIONAL MORTGAGE ASSOCIATION VARIOUS 5.500 265,567,486 269,682,179 264,275,580 FEDERAL NATIONAL MORTGAGE ASSOCIATION VARIOUS 6.000 87,502,311 90,426,243 88,535,122 FEDERAL NATIONAL MORTGAGE ASSOCIATION VARIOUS 6.500 37,199,773 38,640,071 38,211,795 FEDERAL NATIONAL MORTGAGE ASSOCIATION VARIOUS 7.000 13,504,591 14,262,433 14,069,656 FEDERAL NATIONAL MORTGAGE ASSOCIATION VARIOUS 7.500 4,344,640 4,663,351 4,559,906 FEDERAL NATIONAL MORTGAGE ASSOCIATION VARIOUS 8.000 1,045,334 1,126,466 1,118,774 FINANCING CORPORATION 11/02/2018 9.650 2,500,000 3,889,025 3,610,995 FINANCING CORPORATION 09/26/2019 8.600 2,500,000 3,447,975 3,400,993 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 08/15/2030 9.500 5,524 5,745 5,992 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 05/20/2034 3.750 2,237,756 2,197,197 2,197,633 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION VARIOUS 4.500 6,394,207 6,304,096 6,219,537 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION VARIOUS 5.000 40,613,341 40,501,542 40,189,791 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION VARIOUS 5.500 60,524,498 61,856,623 61,022,902 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION VARIOUS 6.000 34,525,833 35,769,077 35,364,223 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION VARIOUS 6.500 15,854,712 16,536,545 16,561,329 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION VARIOUS 7.000 6,025,694 6,277,019 6,331,111 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION VARIOUS 7.500 3,062,604 3,258,444 3,207,482 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION VARIOUS 8.000 261,271 279,828 278,722 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION VARIOUS 8.500 268,662 295,391 290,135 GOVERNMENT NATIONAL MORTGAGE ASSOCIATION VARIOUS 9.000 84,144 87,061 92,282 STATE OF ILLINOIS 06/01/2033 5.100 4,600,000 4,264,389 4,543,512 TENNESSEE VALLEY AUTHORITY 03/15/2013 6.000 1,600,000 1,898,288 1,715,188 TENNESSEE VALLEY AUTHORITY 11/01/2025 6.750 4,000,000 4,893,200 4,887,520 U.S.A. TREASURY BILL 01/26/2006 3.857 16,000,000 15,845,502 15,845,502 U.S.A. TREASURY BILL 02/02/2006 3.886 15,000,000 14,860,437 14,860,437 U.S.A. TREASURY BILL 02/09/2006 3.893 75,000,000 74,269,156 74,269,156 U.S.A. TREASURY BILL 03/02/2006 3.929 420,000 415,870 415,870 U.S.A. TREASURY BILL 03/16/2006 3.867 490,000 485,256 485,256 U.S.A. TREASURY BONDS 05/15/2011 13.875 8,000,000 10,545,000 8,275,000 U.S.A. TREASURY BONDS 11/15/2012 10.375 24,000,000 31,491,411 26,535,000 U.S.A. TREASURY BONDS 08/15/2014 12.500 10,000,000 14,791,406 12,687,500 U.S.A. TREASURY BONDS 02/15/2015 11.250 3,890,000 6,202,591 5,859,934 U.S.A. TREASURY BONDS 08/15/2015 10.625 2,000,000 3,083,281 2,959,380 U.S.A. TREASURY BONDS 02/15/2016 9.250 22,580,000 32,029,592 31,298,025 U.S.A. TREASURY BONDS 08/15/2017 8.875 27,500,000 39,958,343 38,225,000 U.S.A. TREASURY BONDS 11/15/2018 9.000 8,200,000 11,561,359 11,726,000 U.S.A. TREASURY BONDS 11/15/2021 8.000 1,050,000 1,483,083 1,447,031 U.S.A. TREASURY BONDS 02/15/2023 7.125 32,000,000 41,581,453 41,404,960 U.S.A. TREASURY BONDS 01/15/2025 INFLTN. IDX 6,234,589 6,510,673 6,554,111 U.S.A. TREASURY BONDS 08/15/2026 6.750 910,000 1,165,620 1,165,655 U.S.A. TREASURY BONDS 11/15/2026 6.500 1,500,000 1,784,179 1,875,000 U.S.A. TREASURY BONDS 02/15/2027 6.625 5,500,000 6,495,156 6,979,857 U.S.A. TREASURY BONDS 08/15/2027 6.375 2,450,000 2,942,343 3,035,709 U.S.A. TREASURY BONDS 11/15/2027 6.125 6,100,000 7,522,078 7,361,937 U.S.A. TREASURY BONDS VARIOUS 5.375 14,930,000 16,458,508 16,775,273 U.S.A. TREASURY BONDS VARIOUS 5.500 14,240,000 15,164,072 16,015,585 U.S.A. TREASURY BONDS VARIOUS 6.000 41,385,000 47,526,079 48,808,434 U.S.A. TREASURY BONDS VARIOUS 6.250 11,360,000 13,928,740 13,759,360 U.S.A. TREASURY BONDS VARIOUS 7.250 34,400,000 43,118,228 42,377,656 U.S.A. TREASURY BONDS VARIOUS 7.875 20,800,000 28,683,046 28,158,000 U.S.A. TREASURY BONDS VARIOUS 8.125 28,050,000 38,978,596 38,102,066 U.S.A. TREASURY BONDS VARIOUS 8.500 19,850,000 27,709,796 27,852,031 U.S.A. TREASURY BONDS VARIOUS 8.750 5,875,000 8,527,734 8,443,804 U.S.A. TREASURY NOTES 10/15/2006 6.500 7,000,000 7,413,751 7,109,375 U.S.A. TREASURY NOTES 01/15/2007 INFLTN. IDX 4,557,386 4,617,425 4,591,567 U.S.A. TREASURY NOTES 01/31/2007 3.125 106,000,000 105,029,218 104,547,800 U.S.A. TREASURY NOTES 03/31/2007 3.750 5,600,000 5,608,639 5,554,080 U.S.A. TREASURY NOTES 04/30/2007 3.625 9,265,000 9,262,460 9,169,292 U.S.A. TREASURY NOTES 05/15/2007 6.625 18,250,000 20,134,423 18,786,093 U.S.A. TREASURY NOTES 05/31/2007 3.500 8,175,000 8,158,528 8,074,447 U.S.A. TREASURY NOTES 08/15/2008 4.125 4,675,000 4,644,108 4,650,690 U.S.A. TREASURY NOTES 01/15/2009 3.250 36,000,000 34,814,218 34,866,000

B-3 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR GOVERNMENT SECURITIES DECEMBER 31, 2005

IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

U.S.A. TREASURY NOTES 08/15/2009 6.000 %$ 103,525,000 $ 113,778,670 $ 109,122,079 U.S.A. TREASURY NOTES 04/15/2010 INFLTN. IDX 16,370,417 15,905,020 15,568,266 U.S.A. TREASURY NOTES 08/15/2010 5.750 12,500,000 13,402,949 13,226,562 U.S.A. TREASURY NOTES 07/15/2012 INFLTN. IDX 8,386,057 8,944,529 8,869,094 U.S.A. TREASURY NOTES 07/15/2014 INFLTN. IDX 7,185,628 7,436,807 7,147,544 U.S.A. TREASURY NOTES 11/15/2015 4.500 6,340,000 6,336,331 6,393,890 U.S.A. TREASURY NOTES VARIOUS 2.625 74,400,000 72,423,609 71,683,760 U.S.A. TREASURY NOTES VARIOUS 3.000 85,120,000 84,076,239 82,868,902 U.S.A. TREASURY NOTES VARIOUS 3.375 26,225,000 25,809,181 25,681,385 U.S.A. TREASURY NOTES VARIOUS 3.875 28,620,000 28,243,104 27,845,768 U.S.A. TREASURY NOTES VARIOUS 4.000 63,965,000 62,621,572 62,482,142 U.S.A. TREASURY NOTES VARIOUS 4.250 6,240,000 6,117,575 6,169,516 U.S.A. TREASURY NOTES VARIOUS 4.375 41,415,000 42,414,030 41,428,099 U.S.A. TREASURY NOTES VARIOUS 5.000 64,260,000 67,373,155 66,348,450 WASHINGTON STATE GENERAL OBLIGATION BONDS 01/01/2012 4.500 400,000 436,641 419,097

TOTAL U.S.A. GOVERNMENT SECURITIES $ 3,546,181,944 $ 3,485,893,529

B-4 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

U.S.A. CORPORATE DEBT

AAMES INVESTMENT CORPORATION 06/25/2035 4.749 %$ 6,200,000 $ 6,212,594 $ 6,216,616 ABBEY NATIONAL CAPITAL TRUST I 12/29/2049 8.963 850,000 1,169,668 1,156,527 ABBEY NATIONAL TREASURY SERVICES PLC 01/16/2007 4.240 18,750,000 18,750,000 18,776,250 * ABFS MORTGAGE LOAN TRUST 08/15/2033 3.780 647,561 642,753 629,993 * ABFS MORTGAGE LOAN TRUST 12/15/2033 4.428 1,122,757 1,134,742 1,102,940 ABITIBI-CORPORATION 06/15/2011 7.750 875,000 891,379 833,438 ABITIBI-CORPORATION 06/15/2011 7.991 100,000 101,375 96,250 ABITIBI-CORPORATION 06/20/2013 6.000 2,292,000 2,156,249 1,942,470 ABITIBI-CORPORATION 08/01/2030 8.850 100,000 101,750 85,500 ABN AMRO BANK N.V. 06/18/2007 7.125 5,000,000 5,820,800 5,154,050 ACCO BRANDS CORPORATION 08/15/2015 7.625 1,250,000 1,185,938 1,178,125 ACE LIMITED 04/01/2007 6.000 779,000 829,542 787,273 ACE SECURITIES CORPORATION 08/15/2030 2.200 157,018 157,016 156,527 ACE SECURITIES CORPORATION 08/25/2045 4.779 6,193,049 6,193,049 6,192,987 ACE SECURITIES CORPORATION 11/25/2033 4.869 3,483,815 3,483,815 3,516,214 ADELPHIA COMMUNICATIONS CORPORATION 01/15/2004 7.500 1,500,000 1,363,125 847,500 ADELPHIA COMMUNICATIONS CORPORATION 07/15/2004 10.500 1,250,000 1,297,500 706,250 ADELPHIA COMMUNICATIONS CORPORATION 03/01/2005 9.875 4,928,000 4,306,664 2,772,000 ADELPHIA COMMUNICATIONS CORPORATION 03/01/2007 9.875 975,000 953,250 550,875 ADELPHIA COMMUNICATIONS CORPORATION 01/15/2009 7.750 2,549,000 2,219,905 1,427,440 ADELPHIA COMMUNICATIONS CORPORATION 05/01/2009 7.875 700,000 560,000 385,000 ADELPHIA COMMUNICATIONS CORPORATION 10/01/2010 10.875 2,220,000 2,200,799 1,243,200 * ADOLPH COORS CO. 05/15/2012 6.375 700,000 781,431 741,776 ADVANSTAR COMMUNICATIONS INC. 08/15/2010 10.750 1,125,000 1,144,521 1,233,282 * AES CORPORATION (THE) 06/15/2008 8.750 60,000 45,600 63,000 * AES CORPORATION (THE) 06/01/2009 9.500 750,000 658,094 810,000 * AES CORPORATION (THE) 09/15/2010 9.375 950,000 893,750 1,037,875 * AES CORPORATION (THE) 03/01/2014 7.750 375,000 375,124 393,282 AFC MORTGAGE, INC. 06/24/2029 4.629 2,676,203 2,668,467 2,677,032 AINSWORTH LUMBER CO. LTD. 10/01/2012 7.250 1,000,000 890,000 900,000 * AIRGAS, INC. 09/15/2006 7.750 255,000 263,049 258,825 * AIRGAS, INC. 10/01/2011 9.125 500,000 546,938 532,500 AK STEEL HOLDINGS CORP. 02/15/2009 7.875 50,000 46,813 47,500 AK STEEL HOLDINGS CORP. 06/15/2012 7.750 775,000 739,381 699,438 ALABAMA POWER CO. 08/25/2009 4.580 1,260,000 1,261,118 1,262,747 ALABAMA POWER CO. 02/15/2033 5.700 600,000 595,272 614,837 ALCOA, INC. 01/15/2012 6.000 3,750,000 4,178,075 3,925,569 ALLBRITTON COMMUNICATIONS CO. 12/15/2012 7.750 1,350,000 1,356,843 1,356,750 ALLEGHENY ENERGY, INC. 04/15/2012 8.250 350,000 327,797 394,625 ALLIANCE & LEICESTER GROUP 01/26/2006 3.838 16,500,000 16,184,211 16,184,211 ALLIANT TECHSYSTEMS INC. 05/15/2011 8.500 3,080,000 3,361,663 3,234,000 * ALLIED WASTE INDUSTRIES, INC. 04/15/2013 7.875 950,000 989,782 980,875 * ALLIED WASTE NORTH AMERICA, INC. 11/15/2010 6.500 2,000,000 1,955,000 1,980,000 * ALLIED WASTE NORTH AMERICA, INC. 04/15/2011 6.375 900,000 880,500 877,500 ALLSTATE CORPORATION (THE) 12/01/2009 7.200 4,000,000 4,722,120 4,306,840 ALLSTATE LIFE GLOBAL FUNDING 04/02/2007 5.200 3,980,000 3,980,000 3,931,484 ALLTEL CORPORATION 05/17/2007 4.656 5,420,000 5,464,169 5,395,394 ALPINE SECURITIES CORPORATION 01/11/2006 4.315 23,000,000 22,917,584 22,917,584 * ALTRIA GROUP, INC. 11/04/2008 5.625 310,000 306,357 314,545 AMERADA HESS CORP. 10/01/2029 7.875 1,100,000 1,381,072 1,332,023 AMERICA MOVIL S.A. DE C.V. 03/01/2035 6.375 1,000,000 967,430 986,250 AMERICAN ACHIEVEMENT CORPORATION 04/01/2012 8.250 30,000 31,875 30,450 AMERICAN AIRLINES, INC. 04/15/2011 7.024 1,000,000 970,500 1,025,290 AMERICAN CELLULAR CORPORATION 08/01/2011 10.000 1,700,000 1,795,813 1,844,500 AMERICAN ELECTRIC POWER CO., INC. 08/16/2007 4.709 1,190,000 1,183,761 1,182,563 AMERICAN ELECTRIC POWER CO., INC. 03/15/2010 5.375 1,500,000 1,493,610 1,512,180 AMERICAN EXPRESS CREDIT CORP. 05/16/2008 3.000 5,000,000 4,877,500 4,791,238 AMERICAN EXPRESS CREDIT CORP. 01/18/2011 4.369 2,350,000 2,350,000 2,350,776 AMERICAN HONDA FINANCE CORPORATION 05/12/2008 4.412 400,000 400,250 400,124 AMERICAN HONDA MOTOR COMPANY, INC. 05/21/2009 4.460 4,100,000 4,099,810 4,070,029 AMERICAN INTERNATIONAL GROUP, INC. 05/15/2013 4.250 1,200,000 1,195,068 1,141,308

B-5 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

AMERICAN MEDIA CORPORATION 01/15/2011 8.875 %$ 625,000 $ 655,630 $ 531,250 AMERICAN REAL ESTATE PARTNERS, L.P. 06/01/2012 8.125 675,000 670,046 700,313 AMERICAN REAL ESTATE PARTNERS, L.P. 02/15/2013 7.125 225,000 225,000 225,000 AMERICREDIT CORP. 01/06/2010 2.720 2,648,919 2,638,158 2,588,338 AMERICREDIT CORP. 02/07/2011 2.870 8,000,000 7,887,500 7,731,520 AMERIGAS PARTNERS, L.P. 05/20/2015 7.250 1,750,000 1,792,250 1,785,000 AMERIPRISE FINANCIAL, INC. 11/15/2015 5.650 1,600,000 1,631,824 1,626,000 AMERIQUAL GROUP LLC 04/01/2012 9.000 250,000 250,063 259,375 AMERIQUEST MORTGAGE COMPANY 04/25/2009 4.579 481,945 481,945 482,071 AMERIQUEST MORTGAGE COMPANY 05/25/2033 4.729 222,718 222,718 222,812 AMERISOURCEBERGEN CORPORATION 09/15/2015 5.875 580,000 579,755 585,075 AMR HOLDCO, INC. 02/15/2015 10.000 1,450,000 1,537,000 1,547,875 ANADARKO PETROLEUM CORPORATION 05/01/2008 3.250 3,660,000 3,543,803 3,524,434 ANADARKO PETROLEUM CORPORATION 05/01/2011 6.750 6,400,000 6,535,112 6,923,968 ANADARKO PETROLEUM CORPORATION 05/01/2031 7.500 530,000 562,701 649,579 * ANHEUSER-BUSCH CO., INC. 08/20/2032 6.800 625,000 782,188 737,888 * ANHEUSER-BUSCH CO., INC. 02/01/2043 6.500 1,000,000 1,142,380 1,136,033 ANR PIPELINE COMPANY 03/15/2010 8.875 2,000,000 2,092,500 2,137,500 ANTHEM, INC. 08/01/2012 6.800 1,000,000 1,133,680 1,095,802 AOL TIME WARNER INC. 05/01/2007 6.150 3,700,000 3,759,089 3,745,658 AOL TIME WARNER INC. 04/15/2011 6.750 2,300,000 2,429,674 2,415,345 AOL TIME WARNER INC. 05/01/2032 7.700 1,235,000 1,350,533 1,388,980 APACHE FINANCE CANADA CORPORATION 05/15/2015 4.375 2,000,000 1,907,180 1,918,740 AQ FINANCE TRUST 09/25/2032 10.330 59,508 60,066 11,902 ARCH WESTERN RESOURCES, LLC 07/01/2013 6.750 530,000 516,045 539,938 * ARCHER-DANIELS-MIDLAND CO. 04/15/2017 8.375 2,350,000 3,139,694 2,968,708 ARGENT SECURITIES, INC. 05/25/2035 4.619 1,550,321 1,550,806 1,549,965 ARIZONA PUBLIC SERVICE CO. 05/15/2015 4.650 2,000,000 1,993,300 1,895,620 ARROW ELECTRONICS, INC. 07/01/2013 6.875 530,000 576,651 564,613 ASSOCIATED CORPORATION 11/01/2008 6.250 4,350,000 4,711,227 4,506,296 AT&T CORP. 11/15/2011 9.050 3,050,000 3,440,053 3,375,954 AT&T CORP. 03/15/2013 8.375 3,880,000 4,644,915 4,491,100 AT&T CORP. 11/15/2022 9.455 1,400,000 1,913,254 1,834,224 AT&T CORP. 11/15/2031 9.750 2,100,000 2,576,133 2,637,789 AT&T WIRELESS SERVICES, INC. 05/01/2007 7.500 3,870,000 4,027,656 4,000,613 AT&T WIRELESS SERVICES, INC. 03/01/2011 7.875 3,500,000 4,061,540 3,927,105 AT&T WIRELESS SERVICES, INC. 03/01/2031 8.750 1,000,000 1,226,770 1,324,840 ATLANTIC RICHFIELD COMPANY 04/15/2009 5.900 3,000,000 3,256,320 3,113,430 ATLANTIS ONE FUNDING CORP. 03/28/2006 4.688 25,000,000 24,723,750 24,723,750 AUTOZONE, INC. 11/15/2015 5.500 1,500,000 1,498,155 1,412,805 AVALON BAY COMMUNITIES, INC. 09/15/2011 6.625 2,500,000 2,864,975 2,674,600 AVON PRODUCTS, INC. 07/15/2018 4.200 1,000,000 944,600 894,279 AWB HARVEST FINANCE LIMITED 01/18/2006 4.878 24,000,000 23,942,400 23,942,400 AXA CABLES SA 12/15/2030 8.600 1,250,000 1,589,513 1,659,231 B&G FOODS, INC. 10/01/2011 8.000 1,630,000 1,662,600 1,662,600 B/E AEROSPACE, INC. 10/01/2010 8.500 1,040,000 1,107,600 1,110,200 BAE SYSTEMS 08/15/2008 4.740 2,500,000 2,506,742 2,501,550 * BALL CORPORATION 12/15/2012 6.875 1,675,000 1,691,322 1,729,438 BANC OF AMERICA 06/11/2035 6.186 3,360,000 3,576,038 3,535,863 BANC OF AMERICA 09/11/2036 4.648 1,300,000 1,376,223 1,265,264 BANC OF AMERICA 12/10/2042 4.811 6,500,000 6,587,090 6,337,370 BANC OF AMERICA 07/10/2043 4.621 2,925,000 2,939,634 2,854,479 BANC OF AMERICA 07/10/2043 4.668 3,200,000 3,180,750 3,083,744 BANC OF AMERICA PREFERRED FUNDING CORP. 12/20/2034 4.213 3,313,659 3,347,184 3,298,880 BANC OF AMERICA PREFERRED FUNDING CORP. 09/20/2035 5.449 2,024,937 2,026,519 2,024,208 BANCO SANTANDER 12/09/2009 4.810 2,280,000 2,281,596 2,272,157 BANK OF AMERICA CORPORATION 08/01/2010 4.500 1,120,000 1,110,575 1,100,568 BANK OF AMERICA CORPORATION 01/15/2011 7.400 1,900,000 2,062,032 2,092,964 BANK OF AMERICA CORPORATION 09/15/2012 4.875 5,280,000 5,531,177 5,243,674 BANK OF AMERICA CORPORATION 11/15/2014 5.125 2,700,000 2,719,602 2,693,250 BANK OF NEW YORK, INC. (THE) 02/01/2008 3.800 350,000 348,037 342,724 BANK ONE CORPORATION 12/15/2010 4.739 1,500,000 1,500,000 1,507,020 BAXTER INTERNATIONAL, INC. 03/15/2015 4.625 2,000,000 2,018,320 1,909,680

B-6 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

BAYVIEW FINANCIAL ACQUISITION TRUST 04/25/2033 4.859 %$ 4,966,072 $ 4,966,529 $ 4,965,625 BAYVIEW FINANCIAL MORTGAGE LOAN TRUST 09/28/2006 3.937 5,778,901 263,600 134,996 BAYVIEW FINANCIAL MORTGAGE LOAN TRUST 02/28/2007 3.937 6,971,522 322,718 222,218 BAYVIEW FINANCIAL TRADING GROUP 04/25/2012 FLOATING 1,495,116 28,028 7,252 BAYVIEW FINANCIAL TRADING GROUP 12/25/2033 4.774 2,126,889 2,126,889 2,140,018 BAYVIEW FINANCIAL TRADING GROUP 10/25/2038 5.079 3,257,340 3,260,099 3,273,299 BAYVIEW FINANCIAL TRADING GROUP 02/28/2040 4.844 1,500,000 1,500,000 1,502,835 BAYVIEW FINANCIAL TRADING GROUP 12/28/2040 4.844 3,180,000 3,180,000 3,179,651 BB&T CORP. 10/01/2012 4.750 3,500,000 3,337,250 3,438,190 BEAR, STEARNS & CO. INC. 09/09/2009 4.730 800,000 803,160 802,872 BEAR, STEARNS & CO. INC. 12/07/2009 7.625 7,500,000 8,951,115 8,181,975 BEAR, STEARNS & CO. INC. 05/20/2030 7.000 6,084,145 5,755,537 6,571,810 BEAR, STEARNS & CO. INC. 10/27/2032 4.829 1,022,763 1,022,763 1,028,030 BEAR, STEARNS & CO. INC. 08/25/2034 4.879 449,999 449,999 451,930 BEAR, STEARNS & CO. INC. 09/25/2034 4.729 6,700,000 6,700,000 6,730,552 BEAR, STEARNS & CO. INC. 09/25/2034 4.879 5,775,083 5,775,083 5,774,332 BEAR, STEARNS & CO. INC. 09/25/2034 4.899 5,790,000 5,790,000 5,835,336 BEAR, STEARNS & CO. INC. 01/25/2035 4.389 3,441,586 3,439,435 3,401,045 BEAR, STEARNS & CO. INC. 01/25/2035 4.604 2,221,403 2,251,254 2,188,438 BEAR, STEARNS & CO. INC. 01/25/2035 4.684 1,158,929 1,158,476 1,144,941 BEAR, STEARNS & CO. INC. 03/25/2035 4.729 2,993,280 2,993,135 2,998,758 BEAR, STEARNS & CO. INC. 03/25/2035 4.779 3,864,746 3,864,746 3,877,771 BEAR, STEARNS & CO. INC. 04/25/2035 5.147 3,817,717 3,853,807 3,800,843 BEAR, STEARNS & CO. INC. 05/25/2035 5.231 5,272,623 5,323,701 5,282,166 BEAR, STEARNS & CO. INC. 06/25/2035 4.779 5,537,819 5,537,819 5,537,763 BEAR, STEARNS & CO. INC. 09/25/2035 4.739 6,200,000 6,200,000 6,199,938 BEAR, STEARNS & CO. INC. 09/25/2035 4.829 5,178,953 5,178,953 5,207,230 BEAR, STEARNS & CO. INC. 01/25/2036 4.719 6,700,000 6,700,000 6,700,000 BEAR, STEARNS & CO. INC. 10/15/2036 6.460 5,400,000 6,232,750 5,736,366 BEAR, STEARNS & CO. INC. 08/15/2038 4.060 1,129,423 1,168,953 1,095,224 BEAR, STEARNS & CO. INC. 02/11/2041 4.945 1,610,000 1,618,888 1,602,530 BEAR, STEARNS & CO. INC. 06/11/2041 5.468 3,000,000 3,132,540 3,071,130 BEAR, STEARNS & CO. INC. 11/11/2041 4.825 1,640,000 1,648,948 1,606,626 BEAR, STEARNS & CO. INC. 12/25/2042 4.779 5,520,970 5,520,970 5,525,883 BEAZER HOMES USA, INC. 05/15/2011 8.625 10,000 10,675 10,450 BELLSOUTH TELECOMMUNICATIONS, INC. 09/15/2009 4.200 6,500,000 6,483,165 6,314,100 BELLSOUTH TELECOMMUNICATIONS, INC. 10/15/2031 6.875 2,000,000 2,212,550 2,195,300 BELLSOUTH TELECOMMUNICATIONS, INC. 12/15/2095 ZERO 375,000 200,067 195,878 BERKSHIRE HATHAWAY FINANCIAL CORP. 10/15/2008 3.375 3,750,000 3,652,725 3,613,463 BERKSHIRE HATHAWAY FINANCIAL CORP. 01/15/2015 4.850 1,750,000 1,713,075 1,719,638 BERRY PLASTICS CORPORATION 07/15/2012 10.750 1,750,000 1,837,500 1,881,250 BIO-RAD LABORATORIES, INC. 08/15/2013 7.500 1,250,000 1,326,563 1,325,000 BIO-RAD LABORATORIES, INC. 12/15/2014 6.125 2,100,000 2,118,375 2,073,750 BLOCK COMMUNICATIONS, INC. 12/15/2015 8.250 575,000 570,222 569,250 BMW GROUP 02/25/2010 4.280 12,000,000 11,876,719 11,831,280 * BOEING COMPANY (THE) 02/15/2007 5.750 1,800,000 1,944,315 1,816,578 * BOEING COMPANY (THE) 02/15/2012 6.500 2,000,000 2,269,100 2,158,740 BORDEN U.S. FINANCE CORP. 07/15/2014 9.000 1,870,000 1,851,300 1,851,300 BOTTLING GROUP, LLC 11/15/2012 4.625 2,000,000 2,010,980 1,971,860 BOYD GAMING CORP. 12/15/2012 7.750 30,000 31,688 31,425 BOYD GAMING CORP. 04/15/2014 6.750 1,000,000 990,000 992,500 BRANCH BANKING & TRUST COMPANY 09/02/2008 4.460 23,000,000 23,000,000 23,003,450 BRISTOL-MEYERS SQUIBB COMPANY 10/01/2011 5.750 2,000,000 2,192,280 2,065,620 BRITISH TELECOMMUNICATIONS PLC 12/15/2010 8.375 1,300,000 1,499,199 1,479,959 BRITISH TELECOMMUNICATIONS PLC 12/15/2030 8.875 2,500,000 3,258,500 3,344,900 BUCKEYE TECHNOLOGIES INC. 10/01/2013 8.500 1,690,000 1,690,500 1,690,000 BURLINGTON NORTHERN SANTA FE CORP. 08/15/2030 7.950 1,000,000 1,318,310 1,308,590 BURLINGTON NORTHERN SANTA FE CORP. 06/01/2036 7.290 910,000 1,105,301 1,117,308 * BWAY CORPORATION 10/15/2010 10.000 1,025,000 1,026,219 1,071,125 CALPINE CORPORATION 07/15/2010 8.500 650,000 610,113 533,000 CALPINE CORPORATION 12/01/2011 9.875 175,000 146,125 140,875 CAPITAL AUTO RECEIVABLES ASSET TRUST 02/15/2008 3.350 2,925,000 2,924,467 2,887,677 CAPITAL ONE BANK 12/01/2008 4.250 3,500,000 3,528,460 3,421,876

B-7 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

* CARAUSTAR INDUSTRIES, INC. 06/01/2009 7.375 %$ 800,000 $ 765,838 $ 768,000 CASCADES INC. 02/15/2013 7.250 2,100,000 2,156,257 1,911,000 CASE CORPORATION 01/15/2016 7.250 100,000 93,500 93,250 CASE NEW HOLLAND INC. 08/01/2011 9.250 1,112,000 1,182,227 1,189,840 CATERPILLAR INC. 08/20/2007 4.440 230,000 229,977 230,394 CATERPILLAR INC. 05/01/2031 7.300 1,250,000 1,572,038 1,575,575 CBA COMMERCIAL, LLC 07/25/2035 4.699 5,160,195 5,160,195 5,154,076 CCM MERGER, INC. 08/01/2013 8.000 75,000 75,000 72,000 CDC MORTGAGE CAPITAL TRUST 08/25/2032 4.689 712,658 712,770 713,599 CELESTICA INC. 07/01/2011 7.875 1,705,000 1,707,132 1,717,788 * CENDANT CORPORATION 01/15/2013 7.375 2,700,000 3,166,596 3,016,386 CENTERPOINT ENERGY, INC. 09/01/2010 7.250 865,000 947,866 927,981 CENTURY ALUMINUM CO. 08/15/2014 7.500 1,525,000 1,490,500 1,502,125 CENTURY COMMUNICATIONS CORP. 03/15/2003 ZERO 3,089,000 1,910,356 2,610,205 CENTURY COMMUNICATIONS CORP. 03/01/2005 9.500 1,747,000 1,970,713 1,685,855 CENTURY COMMUNICATIONS CORP. 01/15/2007 8.875 2,965,000 3,024,492 2,831,575 CENTURY COMMUNICATIONS CORP. 10/01/2007 8.750 1,797,000 1,933,444 1,680,195 CENTURY COMMUNICATIONS CORP. 01/15/2008 ZERO 5,515,000 3,349,938 3,033,250 CENTURY COMMUNICATIONS CORP. 11/15/2017 8.375 671,000 756,553 640,805 CHANCELLOR MEDIA CORPORATION 11/01/2008 8.000 500,000 515,514 531,560 CHAPARRAL STEEL COMPANY 07/15/2013 10.000 875,000 907,625 942,813 CHARTA CORP. 01/03/2006 5.653 5,385,280 5,382,779 5,382,779 CHARTER COMMUNICATIONS OPERATING, LLC 04/30/2012 8.000 1,000,000 968,750 995,000 CHARTER COMMUNICATIONS OPERATING, LLC 04/30/2014 8.375 2,000,000 1,995,000 1,990,000 CHARTER COMMUNICATIONS, INC. 04/01/2009 10.000 150,000 123,000 111,750 CHARTER COMMUNICATIONS, INC. 01/15/2011 11.125 500,000 522,500 275,000 CHARTER COMMUNICATIONS, INC. 05/15/2011 10.000 450,000 366,750 240,750 CHESAPEAKE ENERGY CORPORATION 09/15/2013 7.500 50,000 53,200 53,125 CHESAPEAKE ENERGY CORPORATION 08/15/2014 7.000 800,000 826,000 828,000 CHESAPEAKE ENERGY CORPORATION 06/15/2015 6.375 1,195,000 1,217,192 1,195,000 CHESAPEAKE ENERGY CORPORATION 01/15/2016 6.625 5,800,000 5,746,002 5,872,500 CHESAPEAKE ENERGY CORPORATION 01/15/2016 6.875 650,000 657,219 666,250 CHESAPEAKE ENERGY CORPORATION 01/15/2018 6.250 130,000 128,600 127,400 CHESAPEAKE ENERGY CORPORATION 11/15/2020 6.875 2,150,000 2,125,211 2,176,875 CHEVRONTEXACO CORP. 02/15/2008 3.375 1,250,000 1,248,963 1,216,013 * CHRYSLER FINANCIAL COMPANY 03/01/2027 7.450 3,000,000 3,150,690 3,255,930 CINCINNATI BELL INC. 07/15/2013 7.250 925,000 968,938 962,000 CINCINNATI BELL INC. 01/15/2014 8.375 925,000 906,500 909,969 CINCINNATI BELL INC. 02/15/2015 7.000 156,000 156,000 152,880 CINCINNATI FINANCIAL CORPORATION 11/01/2034 6.125 1,100,000 1,217,491 1,137,631 CINCINNATI GAS & ELECTRIC CO. 09/15/2012 5.700 1,550,000 1,586,534 1,590,920 CINEMARK USA, INC. 02/01/2013 9.000 2,025,000 2,104,313 2,141,438 CIT GROUP, INC (THE) 04/02/2007 7.375 1,400,000 1,531,670 1,440,726 CIT GROUP, INC (THE) 05/08/2008 4.000 3,800,000 3,902,144 3,717,464 CIT GROUP, INC (THE) 05/23/2008 4.590 800,000 801,400 802,368 CIT GROUP, INC (THE) 04/02/2012 7.750 1,500,000 1,799,010 1,701,090 CITIBANK CREDIT CARD ISSUANCE TRUST 01/20/2009 2.550 2,875,000 2,876,869 2,808,904 CITIBANK, N.A. 11/16/2009 6.875 2,200,000 2,521,594 2,281,334 CITIBANK, N.A. 05/17/2010 2.900 10,550,000 10,527,634 10,103,946 CITIGROUP GLOBAL MARKETS HOLDINGS INC. 01/27/2006 4.416 28,500,000 28,500,000 28,500,000 CITIGROUP GLOBAL MARKETS HOLDINGS INC. 02/09/2009 3.625 6,010,000 5,936,918 5,786,489 CITIGROUP GLOBAL MARKETS HOLDINGS INC. 02/22/2033 5.875 4,650,000 4,781,600 4,767,692 CITIGROUP INC. 08/09/2006 5.500 45,000 48,397 45,197 CITIGROUP INC. 02/01/2008 3.500 8,270,000 8,120,935 8,045,872 CITIGROUP INC. 02/22/2010 4.125 2,335,000 2,307,438 2,268,593 CITIGROUP INC. 01/18/2011 6.500 6,000,000 6,531,600 6,392,760 CITIZENS COMMUNICATIONS COMPANY 01/15/2013 6.250 2,775,000 2,657,969 2,684,813 CITIZENS COMMUNICATIONS COMPANY 08/15/2031 9.000 400,000 418,094 405,000 CLEAR CHANNEL COMMUNICATIONS, INC. 11/01/2006 6.000 1,003,000 1,021,286 1,011,145 CLEAR CHANNEL COMMUNICATIONS, INC. 01/15/2008 4.625 5,000,000 5,237,800 4,931,250 CLEAR CHANNEL COMMUNICATIONS, INC. 06/15/2008 6.625 930,000 959,450 952,813 CLEAR CHANNEL COMMUNICATIONS, INC. 05/15/2009 4.250 2,180,000 2,094,098 2,095,525 CMS ENERGY CORP. 04/15/2011 8.500 2,250,000 2,424,375 2,449,688

B-8 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

CMS ENERGY CORP. 02/01/2012 6.300 %$ 2,050,000 $ 2,046,372 $ 2,026,938 COLLABORATIVE LEARNING PROJECTS, INC. 09/15/2012 8.000 1,110,000 1,151,625 1,133,588 COLORADO GAS COMPANY 05/15/2043 4.860 1,720,000 1,725,800 1,686,460 COLORADO INTERSTATE GAS COMPANY 11/15/2015 6.800 2,200,000 2,198,944 2,247,762 COLUMBIA/HCA HEALTHCARE CORP. 05/20/2008 7.250 140,000 154,141 144,725 COLUMBIA/HCA HEALTHCARE CORP. 11/15/2015 7.190 1,600,000 1,622,340 1,682,240 COLUMBIA/HCA HEALTHCARE CORP. 06/15/2025 7.690 10,000 10,330 10,385 COLUMBIA/HCA HEALTHCARE CORP. 09/15/2025 7.580 500,000 480,038 509,375 COMCAST CORPORATION 05/01/2007 8.375 3,760,000 3,958,729 3,920,966 COMCAST CORPORATION 06/15/2009 6.875 1,500,000 1,559,657 1,575,465 COMCAST CORPORATION 07/15/2012 10.625 4,600,000 4,801,042 5,711,176 COMCAST CORPORATION 01/15/2014 5.300 5,000,000 5,144,450 4,905,450 COMCAST CORPORATION 01/15/2015 6.500 880,000 921,871 930,046 COMCAST CORPORATION 03/15/2033 7.050 1,680,000 1,946,760 1,813,611 COMMONWEALTH EDISON CO. 03/15/2012 6.150 2,350,000 2,588,079 2,448,395 COMMUNITY HEALTH SYSTEMS INC. 12/15/2012 6.500 1,500,000 1,488,750 1,460,625 * CONAGRA FOODS, INC. 10/01/2028 7.000 1,800,000 2,074,500 1,955,520 CONCENTRA OPERATING CORPORATION 08/15/2010 9.500 125,000 133,125 129,375 CONOCO INC. 10/15/2006 5.450 800,000 803,856 803,120 CONOCO INC. 10/15/2011 6.350 850,000 852,873 910,690 CONOCO INC. 10/15/2032 5.900 2,290,000 2,442,171 2,457,812 CONOCOPHILLIPS COMPANY 02/15/2011 9.375 1,000,000 1,191,440 1,189,220 CONSOLIDATED COMMUNICATIONS, INC. 04/01/2012 9.750 568,000 571,774 604,920 CONSOLIDATED EDISON CO. OF NEW YORK, INC. 02/01/2013 4.875 850,000 882,513 841,735 CONSTELLATION ENERGY GROUP 04/01/2032 7.600 1,265,000 1,503,375 1,521,745 CONSUMERS ENERGY CO. 02/15/2017 5.150 1,350,000 1,314,779 1,289,871 CONTIMORTGAGE CORP. 03/15/2024 6.870 684,755 701,981 686,569 CONTINENTAL AIRLINES, INC. 07/02/2018 6.900 272,054 240,811 236,039 CONTINENTAL AIRLINES, INC. 07/02/2019 6.900 1,605,938 1,622,800 1,599,498 CONTINENTAL AIRLINES, INC. 04/01/2021 9.798 1,325,837 1,320,866 1,332,467 * COOPER STANDARD AUTOMOTIVE 12/15/2014 8.375 50,000 50,055 38,000 CORRECTIONS CORPORATION OF AMERICA 03/15/2013 6.250 1,250,000 1,234,375 1,237,500 COTT CORP. 12/15/2011 8.000 1,000,000 1,065,233 1,025,000 COUNTRYWIDE CREDIT INDUSTRIES, INC. 02/01/2007 5.500 2,500,000 2,672,775 2,512,100 COUNTRYWIDE CREDIT INDUSTRIES, INC. 05/05/2008 4.541 60,000 60,000 60,056 COUNTRYWIDE CREDIT INDUSTRIES, INC. 12/19/2008 4.767 2,310,000 2,310,244 2,309,261 COUNTRYWIDE CREDIT INDUSTRIES, INC. 09/15/2009 4.125 6,000,000 5,893,740 5,779,680 COVENTRY HEALTH CARE, INC. 01/15/2012 5.875 200,000 200,000 202,000 COX COMMUNICATIONS, INC. 12/14/2007 5.039 2,710,000 2,728,815 2,730,732 COX COMMUNICATIONS, INC. 10/01/2012 7.125 2,650,000 2,900,107 2,839,210 COX COMMUNICATIONS, INC. 10/01/2015 5.500 1,000,000 962,570 970,619 CPL TRANSITION FUNDING, LLC 07/15/2015 5.960 1,000,000 1,113,008 1,053,590 CREDIT SUISSE FIRST BOSTON CORPORATION 01/15/2009 3.875 5,000,000 5,054,450 4,853,900 CREDIT SUISSE FIRST BOSTON CORPORATION 06/01/2009 4.700 600,000 607,632 595,122 CREDIT SUISSE FIRST BOSTON CORPORATION 11/15/2011 6.125 5,065,000 5,463,224 5,316,680 CREDIT SUISSE FIRST BOSTON CORPORATION 08/15/2015 5.125 3,300,000 3,248,256 3,268,023 CREDIT SUISSE FIRST BOSTON CORPORATION 11/11/2030 6.300 3,171,000 3,412,418 3,270,855 CREDIT SUISSE FIRST BOSTON CORPORATION 07/15/2032 7.125 650,000 791,934 786,091 CREDIT SUISSE FIRST BOSTON CORPORATION 12/18/2035 6.380 1,350,000 1,442,022 1,419,741 CREDIT SUISSE FIRST BOSTON CORPORATION 12/15/2036 4.900 5,090,000 5,037,709 4,997,973 CREDIT SUISSE FIRST BOSTON CORPORATION 09/15/2041 7.290 10,650,000 12,574,770 11,331,600 CROWN AMERICAS, INC. 11/15/2013 7.625 2,210,000 2,210,000 2,292,875 CRUSADE GLOBAL TRUST 01/17/2034 4.350 1,875,899 1,876,485 1,878,976 CSC, INC. 07/15/2009 8.125 3,180,000 3,304,905 3,211,800 CSC, INC. 08/15/2009 8.125 520,000 518,061 525,200 CSC, INC. 04/01/2011 7.625 4,055,000 4,103,346 4,034,725 CSC, INC. 04/15/2012 7.000 1,220,000 1,220,000 1,151,375 CSC, INC. 02/15/2018 7.875 125,000 132,782 120,625 CSC, INC. 07/15/2018 7.625 1,220,000 1,171,439 1,159,000 CSX CORP. 03/15/2012 6.300 3,250,000 3,670,392 3,453,613 CWABS, INC. 04/25/2031 6.180 1,185,687 1,185,664 1,182,047 CWABS, INC. 04/25/2032 4.649 775,738 775,751 775,877 CWABS, INC. 04/25/2032 4.709 863,721 864,396 863,859

B-9 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

CWABS, INC. 02/25/2033 4.749 %$ 86,205 $ 86,299 $ 86,383 CWABS, INC. 10/25/2033 4.649 5,923,473 5,930,877 5,931,825 CWABS, INC. 12/15/2033 4.659 420,654 420,654 421,398 CWABS, INC. 02/15/2034 4.649 2,683,296 2,681,200 2,688,824 CWALT, INC. 09/25/2034 4.829 864,397 865,613 858,537 CWALT, INC. 12/25/2034 4.953 1,163,545 1,183,349 1,157,180 CWALT, INC. 08/25/2035 4.886 4,954,003 4,995,802 4,983,033 CWALT, INC. 11/25/2035 4.689 6,355,766 6,355,766 6,366,062 CWMBS, INC. 09/25/2034 5.601 2,266,952 2,333,898 2,292,977 CWMBS, INC. 09/25/2034 6.066 2,339,838 2,418,077 2,363,237 CWMBS, INC. 02/25/2035 4.649 1,264,410 1,264,410 1,257,684 CWMBS, INC. 02/25/2035 4.709 4,441,850 4,441,850 4,446,914 CWMBS, INC. 03/25/2035 4.739 5,091,690 5,091,690 5,090,264 CWMBS, INC. 04/25/2035 4.669 4,917,196 4,917,196 4,912,770 CWMBS, INC. 05/25/2035 4.679 5,250,720 5,250,720 5,240,954 D.R. HORTON, INC. 02/15/2015 5.250 1,000,000 942,500 936,090 * DAIMLERCHRYSLER CORPORATION 09/10/2007 4.960 7,130,000 7,144,459 7,144,474 * DAIMLERCHRYSLER CORPORATION 06/04/2008 4.050 5,570,000 5,578,335 5,430,358 * DAIMLERCHRYSLER CORPORATION 10/31/2008 4.780 3,620,000 3,623,480 3,622,245 * DAIMLERCHRYSLER CORPORATION 09/08/2009 4.040 2,725,000 2,724,851 2,699,304 * DAIMLERCHRYSLER CORPORATION 06/15/2010 4.875 1,000,000 982,920 976,400 DANA CORPORATION 01/15/2015 5.850 175,000 134,438 123,375 DAVITA INC. 03/15/2013 6.625 1,200,000 1,200,000 1,221,000 DAVITA INC. 03/15/2015 7.250 3,795,000 3,779,250 3,842,438 DEERE & COMPANY 08/22/2007 4.500 1,300,000 1,304,914 1,291,875 DEERE & COMPANY 03/15/2012 7.000 2,500,000 2,845,900 2,761,325 DEERE & COMPANY 05/15/2030 8.100 1,250,000 1,680,450 1,691,600 DEL MONTE CORPORATION 02/15/2015 6.750 1,500,000 1,447,500 1,462,500 DELL COMPUTER 04/15/2028 7.100 1,000,000 1,211,830 1,192,340 DELTA PETROLEUM CORP. 04/01/2015 7.000 1,575,000 1,527,750 1,452,938 DENBURY RESOURCES INC. 04/01/2013 7.500 1,300,000 1,301,668 1,319,500 DEPFA BANK 01/06/2006 4.174 12,000,000 13,903,284 13,903,284 DETROIT EDISON CO. 03/01/2016 6.620 3,500,000 3,627,969 3,882,305 * DEUTSCHE BANK 03/15/2007 3.842 650,000 650,000 650,000 DEUTSCHE TELEKOM AG 07/22/2008 3.875 3,300,000 3,214,744 3,223,143 DEUTSCHE TELEKOM AG 06/15/2010 8.000 2,500,000 3,052,225 2,834,375 DEUTSCHE TELEKOM AG 06/15/2030 8.250 2,000,000 2,495,720 2,543,740 DEVON ENERGY CORP. 09/30/2011 6.875 2,500,000 2,869,029 2,734,750 DEVON ENERGY CORP. 09/30/2031 7.875 340,000 436,377 432,011 DEVON ENERGY CORP. 04/15/2032 7.950 1,000,000 1,187,670 1,289,680 DEX MEDIA WEST LLC 08/15/2013 9.875 2,073,000 2,292,560 2,301,030 DEXIA S.A. 08/14/2006 4.297 20,000,000 19,982,188 19,982,188 DIAGEO PLC 11/10/2008 4.410 1,600,000 1,600,000 1,599,504 DIAGEO PLC 03/20/2008 3.375 2,500,000 2,543,800 2,420,325 DIRECTTV HOLDINGS, LLC 03/15/2013 8.375 561,000 620,053 603,075 DIRECTTV HOLDINGS, LLC 06/15/2015 6.375 1,530,000 1,495,575 1,495,575 DOANE PET CARE COMPANY 03/01/2010 10.750 1,700,000 1,850,875 1,848,750 DOLE FOOD CO., INC. 05/01/2009 8.625 1,580,000 1,674,625 1,619,500 DOLE FOOD CO., INC. 06/15/2010 7.250 1,100,000 1,098,905 1,067,000 DOLE FOOD CO., INC. 03/15/2011 8.875 1,496,000 1,500,676 1,533,400 DOLE FOOD CO., INC. 07/15/2013 8.750 800,000 882,500 824,000 DOLLARAMA CORP. 08/15/2012 8.875 950,000 953,669 931,000 DOMINION RESOURCES, INC. 09/28/2007 4.819 4,270,000 4,272,603 4,271,965 DOMINION RESOURCES, INC. 06/15/2010 8.125 4,872,000 5,291,624 5,414,741 DOMINION RESOURCES, INC. 03/15/2033 6.300 315,000 339,060 320,513 DOMINION RESOURCES, INC. 06/15/2035 5.950 225,000 229,050 219,621 DOMINOS PIZZA INC. 07/01/2011 8.250 1,790,000 1,857,650 1,870,550 DONALDSON, LUFKIN & JENRETTE, INC. 08/10/2010 7.180 1,650,000 1,912,647 1,781,967 DONALDSON, LUFKIN & JENRETTE, INC. 03/10/2032 6.460 5,375,000 5,827,466 5,593,870 DOW CHEMICAL CO. 02/01/2011 6.125 2,000,000 2,154,220 2,094,360 DOW CHEMICAL CO. 11/01/2029 7.375 735,000 771,585 885,558 DRESSER, INC. 04/15/2011 9.375 1,000,000 1,048,750 1,052,500 DRESSER-RAND GROUP INC. 11/01/2014 7.375 1,932,000 1,956,874 1,989,960

B-10 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

DSLA MORTGAGE LOAN TRUST 11/19/2044 4.770 %$ 1,263,950 $ 1,263,950 $ 1,264,139 DTE ENERGY CO. 06/01/2011 7.050 1,250,000 1,461,163 1,349,369 * DU PONT (E.I.) DE NEMOURS AND COMPANY 01/15/2028 6.500 1,250,000 1,465,800 1,408,388 DUKE CAPITAL CORP. 10/01/2019 8.000 600,000 688,626 716,154 DUKE ENERGY CORP. 03/05/2008 3.750 3,110,000 3,034,225 3,037,102 DUKE ENERGY CORP. 01/15/2012 6.250 2,650,000 2,912,634 2,792,835 DYNCORP INTERNATIONAL LLC 02/15/2013 9.500 70,000 71,713 72,800 DYNEGY HOLDINGS, INC. 07/15/2010 9.875 1,825,000 2,010,469 2,000,657 E*TRADE FINANCIAL CORP. 09/15/2013 7.375 40,000 40,150 40,500 E. SPIRE COMMUNICATIONS, INC. 11/01/2005 13.000 2,625,000 1,934,601 416 E. SPIRE COMMUNICATIONS, INC. 04/01/2006 12.750 5,920,000 3,160,975 - E. SPIRE COMMUNICATIONS, INC. 07/15/2007 13.750 2,750,000 2,861,563 - E. SPIRE COMMUNICATIONS, INC. 07/01/2008 10.625 4,000,000 1,970,000 - EASTMAN KODAK COMPANY 06/15/2006 6.375 300,000 305,063 300,327 EASTMAN KODAK COMPANY 05/15/2008 3.625 400,000 383,068 367,560 EASTMAN KODAK COMPANY 11/15/2013 7.250 540,000 553,798 516,122 ECHOSTAR COMMUNICATIONS CORP. 10/01/2014 6.625 875,000 853,967 838,907 ECHOSTAR DBS CORPORATION 10/01/2008 5.750 900,000 894,797 882,000 ECHOSTAR DBS CORPORATION 10/01/2008 7.780 135,000 138,350 137,700 ECHOSTAR DBS CORPORATION 10/01/2011 6.375 3,775,000 3,775,000 3,633,438 EDISON MISSION ENERGY 04/15/2011 9.875 1,550,000 1,644,200 1,807,688 EIRCOM PLC 08/15/2013 8.250 20,000 22,225 21,400 EL PASO ENERGY CO. 12/15/2007 6.950 1,000,000 1,012,500 1,011,250 EL PASO ENERGY CO. 06/15/2012 7.875 2,000,000 1,855,154 2,060,000 EL PASO PRODUCTION HOLDING COMPANY 06/01/2013 7.750 475,000 466,875 492,813 ELDORADO HOTEL CASINO 08/01/2012 10.000 56,822 56,396 43,185 ELECTRONIC DATA SYSTEMS CORP. 10/15/2009 7.125 1,890,000 2,020,991 2,008,409 EMC CORPORATION 08/25/2040 4.929 1,670,352 1,664,838 1,677,836 * EMERSON ELECTRIC CO. 12/15/2014 5.000 2,000,000 2,128,760 2,002,800 EMMIS COMMUNICATIONS CORP. 06/15/2012 10.366 225,000 225,000 225,844 EMMIS OPERATING COMPANY 05/15/2012 6.875 1,565,000 1,549,350 1,555,219 ENCANA CORPORATION 08/15/2034 6.500 225,000 251,602 251,402 ENCANA HOLDINGS FINANCIAL CORP. 05/01/2014 5.800 1,500,000 1,568,985 1,563,510 ENTERCOM COMMUNICATIONS CORP. 03/01/2014 7.625 70,000 74,550 70,175 ENTERPRISE PRODUCTS OPERATING L.P. 06/01/2010 4.950 875,000 867,248 858,043 ENTERPRISE PRODUCTS OPERATING L.P. 03/01/2033 6.875 1,000,000 1,067,420 1,059,370 EOP OPERATING INC. 11/15/2007 7.750 9,201,000 9,763,815 9,638,048 EOP OPERATING INC. 02/15/2008 6.750 1,450,000 1,604,570 1,499,155 EOP OPERATING INC. 10/01/2010 5.130 1,300,000 1,308,450 1,310,959 EQCC ASSET BACKED CORP. 11/25/2031 4.679 466,261 466,625 466,783 EQUISTAR CHEMICAL COMPANY 09/01/2008 10.125 425,000 442,703 461,125 EQUISTAR CHEMICAL COMPANY 05/01/2011 10.625 1,550,000 1,708,125 1,705,000 ERP OPERATING LIMITED PARTNERSHIP 09/15/2014 5.250 3,000,000 3,054,300 2,986,380 EXCO RESOURCES, INC. 01/15/2011 7.250 900,000 908,719 913,500 * EXELON CORPORATION 06/15/2011 6.950 1,000,000 1,038,215 1,078,280 * EXELON CORPORATION 06/15/2015 4.900 3,000,000 2,981,910 2,863,110 FEDERATED DEPARTMENT STORES, INC. 04/01/2009 6.300 500,000 548,515 515,625 FEDEX CORPORATION 04/01/2009 3.500 2,500,000 2,506,950 2,393,750 FELCOR LODGING LIMITED PARTNERSHIP 06/01/2011 9.000 150,000 162,000 164,250 FIRST DATA CORPORATION 08/01/2013 4.700 2,500,000 2,542,800 2,362,500 FIRST FRANKLIN FINANCIAL CORPORATION 01/25/2031 5.279 718,505 719,067 718,735 FIRST FRANKLIN MORTGAGE LOAN TRUST 12/25/2032 4.779 5,720,059 5,733,913 5,735,218 FIRST FRANKLIN MORTGAGE LOAN TRUST 11/25/2034 4.919 5,000,000 5,000,000 5,042,650 FIRST HORIZON 09/25/2035 5.446 1,843,590 1,844,958 1,850,577 FIRST REPUBLIC MORTGAGE LOAN TRUST 11/15/2032 4.769 3,266,998 3,274,145 3,271,800 FIRST UNION INSTITUTIONAL TRUST 01/01/2027 7.850 500,000 573,890 530,465 FIRST UNITED NATIONAL BANK 08/18/2010 7.800 4,000,000 4,938,230 4,490,000 FIRST UNITED NATIONAL BANK 05/17/2032 7.841 3,700,000 4,222,481 4,062,045 FIRST UNITED NATIONAL BANK 10/15/2032 7.202 2,925,000 3,238,638 3,168,302 * FIRSTENERGY CORP. 11/15/2006 5.500 6,350,000 6,504,571 6,372,797 * FIRSTENERGY CORP. 11/15/2031 7.375 85,000 95,491 100,300 FLEET FINANCIAL GROUP 01/15/2028 6.875 1,675,000 2,002,027 1,929,115 FLEETBOSTON FINANCIAL CORP. 11/30/2007 4.200 1,340,000 1,338,057 1,324,636

B-11 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

FLORIDA POWER & LIGHT COMPANY 04/01/2034 5.625 %$ 1,600,000 $ 1,626,784 $ 1,613,248 FLORIDA POWER & LIGHT COMPANY 06/01/2035 4.950 600,000 575,340 548,436 * FORD MOTOR COMPANY 09/28/2007 5.349 11,950,000 11,511,673 11,053,750 * FORD MOTOR COMPANY 11/02/2007 7.260 1,700,000 1,666,000 1,625,353 * FORD MOTOR COMPANY 06/16/2008 6.625 3,920,000 3,735,892 3,555,558 * FORD MOTOR COMPANY 01/15/2010 4.380 5,522,000 5,558,023 5,455,405 * FORD MOTOR COMPANY 10/01/2013 7.000 675,000 640,594 577,125 FOREST CITY ENTERPRISES, INC. 06/01/2015 7.625 550,000 553,688 583,000 FOREST OIL CORP. 12/15/2011 8.000 1,465,000 1,621,947 1,600,513 FOREST OIL CORP. 05/01/2014 7.750 2,000,000 2,095,000 2,075,000 FOUNDATION COAL HOLDINGS, INC. 08/01/2014 7.250 1,620,000 1,662,525 1,674,675 FREEPORT-MCMORAN COPPER & GOLD INC. 11/15/2006 7.500 1,850,000 1,927,407 1,887,000 FREESCALE SEMICONDUCTOR, INC. 07/15/2014 7.125 250,000 253,152 266,250 FRESENIUS MEDICAL CARE 02/01/2008 7.875 70,000 74,988 72,275 GANNETT CO., INC. 04/01/2012 6.375 1,500,000 1,708,380 1,556,010 GAYLORD ENTERTAINMENT COMPANY 11/15/2013 8.000 1,175,000 1,178,875 1,230,813 GAZPROM GAS COMPANY 03/01/2013 9.625 130,000 140,075 156,813 GENERAL CABLE CORPORATION 11/15/2010 9.500 700,000 724,594 742,000 * GENERAL DYNAMICS CORPORATION 05/15/2013 4.250 525,000 524,197 502,194 * GENERAL ELECTRIC CAPITAL CORPORATION 11/09/2006 3.125 4,050,000 4,006,017 3,989,858 * GENERAL ELECTRIC CAPITAL CORPORATION 06/15/2007 5.000 3,000,000 3,216,240 3,005,610 * GENERAL ELECTRIC CAPITAL CORPORATION 05/01/2008 3.500 4,000,000 3,969,000 3,885,309 * GENERAL ELECTRIC CAPITAL CORPORATION 06/15/2009 4.591 400,000 400,543 400,560 * GENERAL ELECTRIC CAPITAL CORPORATION 09/01/2009 4.125 7,475,000 7,464,002 7,276,390 * GENERAL ELECTRIC CAPITAL CORPORATION 02/22/2011 6.125 350,000 397,838 368,211 * GENERAL ELECTRIC CAPITAL CORPORATION 11/15/2011 5.000 4,225,000 4,208,976 4,233,148 * GENERAL ELECTRIC CAPITAL CORPORATION 02/15/2012 5.875 4,600,000 4,819,602 4,798,352 * GENERAL ELECTRIC CAPITAL CORPORATION 06/15/2012 6.000 3,975,000 4,235,348 4,186,152 * GENERAL ELECTRIC CAPITAL CORPORATION 02/01/2013 5.000 3,000,000 3,102,150 2,998,590 * GENERAL ELECTRIC CAPITAL CORPORATION 03/15/2032 6.750 3,200,000 3,700,736 3,756,480 * GENERAL ELECTRIC CAPITAL CORPORATION 12/10/2035 6.269 8,650,000 9,757,313 9,162,513 * GENERAL ELECTRIC CAPITAL CORPORATION 05/10/2043 4.978 6,500,000 6,477,403 6,430,320 GENERAL MILLS INC. 02/15/2007 5.125 4,945,000 4,892,174 4,940,352 GENERAL MILLS INC. 02/15/2012 6.000 600,000 654,372 627,936 GENERAL MOTORS ACCEPTANCE CORP. 09/15/2006 6.125 235,000 225,894 228,279 GENERAL MOTORS ACCEPTANCE CORP. 07/16/2007 5.100 2,000,000 1,875,000 1,874,680 GENERAL MOTORS ACCEPTANCE CORP. 09/23/2008 5.654 7,170,000 6,445,578 6,483,186 GENERAL MOTORS ACCEPTANCE CORP. 03/02/2011 7.250 1,610,000 1,521,900 1,479,687 GENERAL MOTORS ACCEPTANCE CORP. 09/15/2011 6.875 1,675,000 1,635,848 1,527,383 GENERAL MOTORS ACCEPTANCE CORP. 11/01/2031 8.000 575,000 571,594 550,741 GENERAL MOTORS ACCEPTANCE CORP. 07/15/2033 8.375 75,000 57,844 49,500 GENERAL MOTORS ACCEPTANCE CORP. 09/15/2033 6.945 4,980,000 5,455,240 5,252,357 GENERAL MOTORS ACCEPTANCE CORP. 05/15/2035 6.420 2,419,359 2,716,581 2,491,263 GENERAL MOTORS ACCEPTANCE CORP. 08/15/2036 7.179 1,300,754 1,455,321 1,378,396 * GEORGIA-PACIFIC CORPORATION 05/15/2006 7.500 180,000 178,650 181,125 * GEORGIA-PACIFIC CORPORATION 05/15/2011 8.125 1,200,000 1,123,474 1,201,500 GLAXOSMITHKLINE PLC 04/15/2034 5.375 2,500,000 2,286,675 2,529,849 GMAC COMMERCIAL HOLDING CAPITAL MARKETS CORP. 02/15/2026 7.000 1,000,000 1,144,390 1,124,210 GOODRICH CORPORATION 12/15/2012 7.625 500,000 559,050 567,105 GRAMPIAN FUNDING LLC 03/21/2006 4.050 3,000,000 2,940,450 2,940,450 GRANITE MORTGAGE INC. 01/20/2020 4.364 2,523,488 2,525,361 2,527,198 GRAPHIC PACKAGING INTERNATIONAL INC. 08/15/2011 8.500 2,465,000 2,432,844 2,471,163 GRAPHIC PACKAGING INTERNATIONAL INC. 08/15/2013 9.500 750,000 750,000 716,250 GREENWICH CAPITAL HOLDINGS, INC. 11/05/2013 4.915 2,700,000 2,732,274 2,665,845 GSC HOLDINGS CORPORATION 10/01/2012 8.000 1,870,000 1,804,899 1,757,800 GTE HAWAIIAN TEL. CO., INC. 09/01/2006 7.375 2,740,000 3,021,156 2,753,700 H & E EQUIPMENT SERVICES LLC 06/15/2012 11.125 1,150,000 1,095,375 1,270,750 HANOVER COMPRESSOR CO. 06/01/2014 9.000 375,000 384,375 408,750 HARBORVIEW MORTGAGE 11/19/2034 4.770 3,271,191 3,271,191 3,276,164 HARBORVIEW MORTGAGE 03/19/2035 4.640 4,153,129 4,153,129 4,143,078 HARRAH'S OPERATING COMPANY, INC. 02/08/2008 4.900 1,920,000 1,925,184 1,922,093 HARRY & DAVID OPERATIONS CORP. 03/01/2013 9.000 600,000 596,063 601,500 HAWAIIAN TELECOM INC. 05/01/2013 9.750 875,000 865,625 855,313

B-12 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

HBOS PLC 01/12/2007 4.203 %$ 23,000,000 $ 23,000,000 $ 23,032,200 HCA INC. 01/15/2015 6.375 1,975,000 1,949,503 1,996,291 HCA-THE HEALTHCARE COMPANY 09/01/2010 8.750 1,400,000 1,592,450 1,548,302 HCA-THE HEALTHCARE COMPANY 02/01/2011 7.875 20,000 22,842 21,503 HCA-THE HEALTHCARE COMPANY 05/01/2012 6.950 2,025,000 2,066,066 2,100,290 HCA-THE HEALTHCARE COMPANY 10/01/2012 6.300 2,995,000 3,003,672 3,009,975 HCA-THE HEALTHCARE COMPANY 07/15/2013 6.750 1,000,000 1,090,530 1,031,090 HEALTH CARE REIT, INC. 09/12/2012 8.000 48,000 48,214 53,520 HELLER FINANCIAL, INC. 01/17/2034 7.750 1,300,000 1,440,021 1,412,151 HERCULES INCORPORATED 11/15/2007 11.125 470,000 470,000 518,175 HERCULES INCORPORATED 10/15/2029 6.750 950,000 923,750 914,375 HERTZ CORPORATION (THE) 01/01/2014 8.875 1,475,000 1,501,938 1,502,657 HERTZ CORPORATION (THE) 01/01/2016 10.500 200,000 206,750 206,000 HEWLETT-PACKARD COMPANY 07/01/2007 5.500 1,600,000 1,677,616 1,612,992 HEXCEL CORPORATION 02/01/2015 6.750 2,350,000 2,356,457 2,267,750 HILTON HOTELS CORPORATION 05/15/2008 7.625 93,000 99,114 97,069 HMH PROPERTIES, INC. 08/01/2008 7.875 11,000 10,354 11,124 HONEYWELL INTERNATIONAL, INC. 11/01/2011 6.125 1,800,000 2,057,022 1,907,578 HORIZON LINES, LLC. 11/01/2012 9.000 57,000 61,006 59,993 HOUGHTON MIFFLIN CO. 02/01/2011 8.250 1,730,000 1,794,875 1,786,225 HOUSEHOLD FINANCE CORPORATION 06/17/2008 6.400 2,925,000 3,109,083 3,017,313 HOUSEHOLD FINANCE CORPORATION 11/16/2009 4.125 5,000,000 4,968,700 4,827,300 HOUSEHOLD INTERNATIONAL, INC. 01/15/2008 4.625 12,535,000 12,477,449 12,452,646 HOUSEHOLD INTERNATIONAL, INC. 10/15/2011 6.375 1,010,000 959,974 1,067,601 HOUSEHOLD INTERNATIONAL, INC. 11/27/2012 6.375 1,400,000 1,535,492 1,491,061 HOUSTON EXPLORATION COMPANY (THE) 06/15/2013 7.000 2,150,000 2,161,500 2,064,000 HSBC HOLDINGS PLC 05/10/2010 4.560 2,430,000 2,428,286 2,429,223 HSBC HOLDINGS PLC 05/17/2032 7.625 1,720,000 2,165,443 2,142,742 HUNTSMAN INTERNATIONAL LLC 03/01/2009 9.875 1,400,000 1,473,500 1,477,000 HYDRO-QUEBEC 05/11/2011 6.300 8,500,000 9,720,325 9,067,035 HYUNDAI AUTO RECEIVABLES TRUST 02/15/2007 2.800 108,334 109,625 108,266 IASIS HEALTHCARE CORPORATION 06/15/2014 8.750 1,750,000 1,815,625 1,837,500 IKON OFFICE SOLUTIONS, INC. 09/15/2015 7.750 225,000 225,000 219,375 IMC GLOBAL INC. 06/01/2008 10.875 105,000 115,607 116,288 IMPAC CMB TRUST COLLATERALIZED ASSET-BACKED BONDS 06/25/2034 4.629 3,552,228 3,550,008 3,555,816 IMPAC CMB TRUST SERIES 03/25/2033 4.779 1,193,935 1,195,427 1,194,245 IMPAC CMB TRUST SERIES 10/25/2033 4.699 736,173 736,173 736,813 IMPAC CMB TRUST SERIES 12/25/2033 4.709 2,560,506 2,560,506 2,571,337 IMPAC CMB TRUST SERIES 01/25/2034 4.639 2,449,699 2,449,890 2,453,374 IMPAC CMB TRUST SERIES 10/25/2034 4.739 2,727,624 2,727,624 2,727,597 IMPAC CMB TRUST SERIES - INTEREST ONLY 07/25/2035 0.850 29,220,830 192,648 33,604 INDIANA MICHIGAN POWER 12/15/2006 6.125 720,000 742,068 726,970 INDYMAC BANCORP, INC. 03/25/2031 4.639 844,939 844,015 845,539 INDYMAC BANK 08/25/2034 4.809 700,160 700,925 699,922 INDYMAC BANK 11/25/2035 5.583 953,309 956,884 955,587 INERGY GROUP, LLC. 12/15/2014 6.875 1,400,000 1,361,500 1,288,000 INN OF THE MOUNTAIN GODS RESORT 11/15/2010 12.000 80,000 94,560 79,200 INSIGHT MIDWEST CO. 11/01/2010 10.500 2,635,000 2,727,669 2,770,044 INTELSAT, LTD. 01/15/2013 8.250 2,660,000 2,684,163 2,686,600 INTELSAT, LTD. 02/01/2015 6.243 300,000 191,361 197,250 INTERACT OPERATING CO. 08/01/2003 14.000 64,687 166,368 647 INTER-AMERICAN DEVELOPMENT BANK 02/26/2008 5.750 6,600,000 7,454,340 6,759,060 INTER-AMERICAN DEVELOPMENT BANK 09/20/2012 4.375 2,500,000 2,614,500 2,461,950 INTERNATIONAL BUSINESS MACHINES CORPORATION 11/01/2019 8.375 3,350,000 4,473,503 4,349,774 INTERNATIONAL LEASE FINANCE CORPORATION 06/02/2008 4.625 2,500,000 2,468,975 2,475,000 INTERNATIONAL LEASE FINANCE CORPORATION 04/15/2010 5.000 5,600,000 5,689,735 5,570,208 * INTERNATIONAL PAPER CO. 04/01/2008 3.800 400,000 388,608 387,748 * INTERNATIONAL PAPER CO. 10/30/2012 5.850 2,450,000 2,609,490 2,485,966 INTERTAPE POLYMER GROUP 08/01/2014 8.500 2,250,000 2,272,500 2,220,818 INTRAWEST CORPORATION 10/15/2013 7.500 1,840,000 1,869,575 1,863,000 IRON MOUNTAIN INCORPORATED 01/01/2016 6.625 2,490,000 2,290,800 2,321,925 IRWIN HOME EQUITY LOAN TRUST 02/25/2006 7.750 2,340,000 409,575 15,398 ISLE OF CAPRI CASINOS, INC. 03/01/2014 7.000 1,840,000 1,761,800 1,794,000

B-13 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

ISP CHEMCO INC. 07/01/2011 10.250 %$ 1,360,000 $ 1,442,788 $ 1,448,400 ISTAR FINANCIAL 03/12/2007 5.730 210,000 212,219 212,166 ISTAR FINANCIAL 03/03/2008 4.830 4,100,000 4,102,461 4,096,146 J.C. PENNEY COMPANY, INC. 03/01/2010 8.000 175,000 186,813 191,407 J.C. PENNEY COMPANY, INC. 08/01/2012 9.000 990,000 1,023,281 1,165,725 J.C. PENNEY COMPANY, INC. 04/01/2037 7.400 40,000 41,850 44,688 JEAN COUTU GROUP INC. 08/01/2012 7.625 600,000 605,344 591,000 JEAN COUTU GROUP INC. 08/01/2014 8.500 125,000 125,000 114,375 * JEFFERSON SMURFIT GROUP PLC 10/01/2012 8.250 7,340,000 7,480,100 7,046,400 JLG INDUSTRIES, INC. 05/01/2008 8.250 850,000 851,250 890,375 JOHN HANCOCK FINANCIAL SERVICES, INC. 12/01/2008 5.625 2,349,000 2,548,407 2,395,605 JOHNSON & JOHNSON 09/01/2029 6.950 1,000,000 1,246,660 1,249,210 JOSTENS, INC. 10/01/2012 7.625 1,390,000 1,367,825 1,396,950 * JP MORGAN CHASE & CO. 01/17/2011 4.320 2,000,000 1,999,540 1,999,680 * JP MORGAN CHASE & CO. 09/12/2037 4.895 2,900,000 2,914,348 2,849,047 * JP MORGAN CHASE & CO. 10/12/2037 5.161 3,625,000 3,597,671 3,631,815 * JP MORGAN CHASE & CO. 07/15/2042 4.738 3,225,000 3,194,766 3,142,602 KANSAS CITY SOUTHERN RAILWAY COMPANY 10/01/2008 9.500 120,000 132,100 129,900 KBC FINANCIAL PRODUCTS 02/22/2006 4.337 23,000,000 22,750,585 22,750,585 KCS ENERGY SERVICES INC. 04/01/2012 7.125 3,259,000 3,319,427 3,250,853 * KELLOGG COMPANY 04/01/2031 7.450 770,000 847,378 951,428 KERR-MCGEE CORPORATION 09/15/2006 5.875 160,000 161,600 160,549 KERR-MCGEE CORPORATION 10/15/2007 6.625 230,000 235,302 234,851 KEY BANK & TRUST 08/15/2012 5.700 2,500,000 2,651,700 2,590,625 KEYSPAN CORPORATION 11/15/2030 8.000 1,000,000 1,354,690 1,328,750 KEYSTONE AUTOMOTIVE OPERATIONS INC. 11/01/2013 9.750 475,000 482,438 410,875 KFW INTERNATIONAL FINANCE, INC. 01/24/2007 4.750 8,740,000 9,104,895 8,749,383 KIMBERLY-CLARK CORPORATION 07/15/2018 6.250 730,000 853,144 804,825 * KINDER MORGAN ENERGY PARTNERS L.P. 08/15/2033 7.300 1,470,000 1,628,569 1,682,224 * KINDER MORGAN, INC. 09/01/2012 6.500 3,425,000 3,871,057 3,628,343 KINETIC CONCEPTS, INC. 05/15/2013 7.375 1,000,000 1,035,000 1,020,000 KITTYHAWK CAPITAL, INC. 01/17/2006 4.327 28,500,000 28,390,815 28,390,815 KOHLS CORPORATION 01/15/2033 6.000 1,000,000 1,063,470 982,960 * KRAFT FOODS INC. GLOBAL 11/01/2011 5.625 2,830,000 2,883,483 2,895,453 * KROGER CO. (THE) 02/01/2013 5.500 3,300,000 3,454,184 3,250,636 L-3 COMMUNICATIONS CORPORATION 06/15/2012 7.625 528,000 532,043 555,720 L-3 COMMUNICATIONS CORPORATION 07/15/2013 6.125 2,000,000 2,002,500 1,985,000 L-3 COMMUNICATIONS CORPORATION 01/15/2014 6.125 1,600,000 1,566,945 1,584,000 L-3 COMMUNICATIONS CORPORATION 01/15/2015 5.875 2,000,000 2,000,000 1,940,000 L-3 COMMUNICATIONS CORPORATION 10/15/2015 6.375 3,650,000 3,646,363 3,640,875 LA QUINTA PROPERTIES, INC. 08/15/2012 7.000 20,000 20,000 21,650 LAMAR ADVERTISING CO. 01/01/2013 7.250 485,000 493,938 503,188 LAMAR ADVERTISING CO. 08/15/2015 6.625 1,000,000 1,007,500 1,003,750 LANDWIRTSCHAFTLICHE RENTENBANK 06/16/2008 3.250 5,000,000 4,941,850 4,831,250 LASMO USA INC. 11/15/2027 7.300 1,000,000 1,237,200 1,250,000 LB UBS COMMERCIAL MORTGAGE TRUST 05/15/2025 7.950 1,240,000 1,461,311 1,363,976 LB UBS COMMERCIAL MORTGAGE TRUST 08/15/2026 7.370 1,260,000 1,460,518 1,367,995 LB UBS COMMERCIAL MORTGAGE TRUST 11/15/2027 6.653 2,875,000 3,189,903 3,072,858 LB UBS COMMERCIAL MORTGAGE TRUST 08/15/2029 5.020 3,150,000 3,212,385 3,116,610 LB UBS COMMERCIAL MORTGAGE TRUST 02/15/2030 4.545 1,730,000 1,738,568 1,686,491 LB UBS COMMERCIAL MORTGAGE TRUST 01/15/2031 4.568 2,500,000 2,454,102 2,408,397 LB UBS COMMERCIAL MORTGAGE TRUST 03/15/2031 6.462 4,800,000 5,565,150 5,144,256 LB UBS COMMERCIAL MORTGAGE TRUST 03/15/2032 4.394 2,200,000 2,198,454 2,110,614 LB UBS COMMERCIAL MORTGAGE TRUST 06/15/2036 FLOATING 761,005 43,402 31,126 LB UBS COMMERCIAL MORTGAGE TRUST 07/15/2040 4.843 970,000 930,537 950,174 * LEAR CORPORATION 08/01/2014 5.750 1,245,000 1,002,975 1,010,779 LEHMAN BROTHERS, INC. 04/20/2007 4.294 23,000,000 23,000,000 23,035,880 LEHMAN BROTHERS, INC. 02/15/2008 6.625 2,500,000 2,881,225 2,585,925 LEHMAN BROTHERS, INC. 04/15/2008 6.500 700,000 780,731 723,730 LEHMAN BROTHERS, INC. 12/23/2010 4.710 2,160,000 2,160,000 2,158,985 LEHMAN BROTHERS, INC. 03/13/2014 4.800 4,600,000 4,410,388 4,484,309 LEHMAN BROTHERS, INC. 05/15/2014 4.350 2,719,261 2,718,836 2,617,887 LEHMAN BROTHERS, INC. 08/19/2065 5.150 1,000,000 1,004,430 1,002,500

B-14 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

LEUCADIA NATIONAL CORP. 08/15/2013 7.000 %$ 650,000 $ 644,910 $ 646,750 LIBERTY MEDIA CORPORATION 07/15/2009 7.875 1,553,000 1,667,510 1,636,474 LIMITED BRANDS, INC. 11/01/2014 5.250 2,000,000 1,868,140 1,887,800 LIN TV CORP. 05/15/2013 6.500 1,500,000 1,526,250 1,438,125 * LOCKHEED MARTIN CORP. 12/01/2029 8.500 1,510,000 1,975,696 2,058,070 LONG BEACH FINANCIAL CORP. 01/21/2031 4.630 215,641 215,743 215,685 LONG BEACH FINANCIAL CORP. 07/25/2031 4.939 3,190,724 3,178,759 3,194,649 LONG BEACH MORTGAGE LOAN TRUST 05/25/2032 5.129 3,434,675 3,457,618 3,444,258 LONG LANG CO. 02/01/2006 4.302 4,000,000 3,970,585 3,970,585 * LORAL CORP. 09/15/2023 7.000 805,000 832,668 931,410 LOWE'S COMPANIES, INC. 03/15/2029 6.500 500,000 543,340 568,125 LUBRIZOL CORPORATION (THE) 10/01/2014 5.500 850,000 867,842 852,253 LYONDELL PETROCHEMICAL COMPANY 05/01/2007 9.625 2,067,000 2,019,110 2,157,432 MACDERMID INC. 07/15/2011 9.125 106,000 116,710 112,228 MAJESTIC STAR CASINO, L.L.C. (THE) 10/15/2010 9.500 1,150,000 1,160,615 1,210,375 MAJESTIC STAR CASINO, L.L.C. (THE) 01/15/2011 9.750 275,000 275,000 277,063 MANDALAY RESORT GROUP 08/01/2008 9.500 71,000 79,875 76,947 MANDALAY RESORT GROUP 02/15/2010 9.375 1,250,000 1,363,569 1,368,750 * MARATHON OIL CORPORATION 03/15/2032 6.800 1,150,000 1,247,296 1,326,088 MARKET STREET FUNDING CORP. 01/26/2006 4.740 24,000,000 23,919,174 23,919,174 * MARSH & MCLENNAN COMPANIES, INC. 03/15/2012 6.250 1,365,000 1,356,019 1,422,153 MARSHALL & ILSLEY CORPORATION 01/17/2017 5.000 3,175,000 3,098,526 3,123,407 MASCO CORPORATION 08/15/2007 4.625 2,500,000 2,660,975 2,479,675 MASSEY ENERGY COMPANY 11/15/2010 6.625 1,750,000 1,760,183 1,778,438 MASSEY ENERGY COMPANY 12/15/2013 6.875 1,475,000 1,466,034 1,487,907 MASTEC, INC. 02/01/2008 7.750 925,000 910,863 918,063 MASTER ADJUSTABLE RATE MORTGAGES TRUST 12/25/2034 4.709 5,823,352 5,821,532 5,825,972 MASTER ASSET BACKED SECURITIES TRUST 10/25/2035 4.489 4,189,353 4,189,353 4,189,646 MASTER REPERFORMING LOAN TRUST 05/25/2035 4.729 5,954,785 5,954,785 5,962,586 MASTER SPECIALIZED LOAN TRUST 07/25/2034 4.779 4,098,910 4,109,157 4,111,617 MAY DEPARTMENT STORES COMPANY (THE) 07/15/2034 6.700 1,500,000 1,561,125 1,597,725 MBNA CORP. 10/15/2008 5.750 2,000,000 2,192,344 2,007,620 MBNA CORP. 09/15/2009 4.569 6,050,000 6,070,797 6,064,944 MBNA CORP. 11/15/2010 2.650 2,725,000 2,627,284 2,592,102 MBNA CORP. 08/15/2011 5.900 7,000,000 7,924,416 7,232,330 MBNA CORP. 06/15/2015 5.000 3,000,000 2,962,380 2,938,110 MCI, INC. 05/01/2007 6.908 120,000 397,708 120,900 MCI, INC. 05/01/2014 8.735 2,425,000 2,635,404 2,682,657 MDP ACQUISITIONS PLC 10/01/2012 9.625 1,550,000 1,571,129 1,550,000 MEADWESTVACO CORPORATION 04/01/2012 6.850 640,000 668,337 681,307 MEDALLION TRUST 12/18/2031 4.697 272,539 272,666 273,204 MEDIACOM BROADBAND, LLC. 10/15/2015 8.500 150,000 150,375 138,938 MEDIACOM INC. 01/15/2013 9.500 1,550,000 1,567,594 1,513,188 MEDIANEWS GROUP, INC. 10/01/2013 6.875 1,570,000 1,552,350 1,501,313 MEDPARTNERS INC. 10/01/2006 7.375 399,000 372,567 405,795 * MELLON RESIDENTIAL FUNDING CORP. 11/15/2031 5.249 1,220,515 1,221,030 1,234,478 MERISTAR HOSPITALITY CORPORATION 06/15/2009 10.500 375,000 372,867 395,157 MERISTAR HOSPITALITY OPER. PARTNERSHIP, L.P. 01/15/2011 9.125 100,000 108,250 109,000 MERRILL LYNCH & COMPANY, INC. 09/15/2009 7.560 1,506,684 1,704,201 1,613,403 MERRILL LYNCH & COMPANY, INC. 07/15/2014 5.450 4,500,000 4,608,465 4,573,800 MERRILL LYNCH & COMPANY, INC. 11/15/2018 6.875 2,000,000 2,360,060 2,282,180 MERRILL LYNCH & COMPANY, INC. 03/25/2028 4.769 3,614,738 3,631,118 3,633,824 MERRILL LYNCH & COMPANY, INC. 01/25/2029 5.651 1,592,112 1,638,871 1,622,314 MERRILL LYNCH & COMPANY, INC. 02/25/2035 4.497 3,048,000 3,012,282 2,953,360 MERRILL LYNCH & COMPANY, INC. 11/12/2035 5.236 3,300,000 3,426,071 3,310,725 MERRILL LYNCH & COMPANY, INC. 12/25/2035 4.639 3,521,576 3,521,576 3,523,407 * METALS USA, INC. 12/01/2015 11.125 1,020,000 1,020,000 1,045,500 METLIFE, INC. 12/01/2011 6.125 2,000,000 2,287,560 2,119,360 METLIFE, INC. 06/15/2015 5.000 6,000,000 6,100,140 5,884,680 METLIFE, INC. 06/15/2035 5.700 975,000 996,207 978,657 MGM GRAND INC. 06/01/2007 9.750 40,000 44,700 42,150 MGM MIRAGE, INC. 09/15/2010 8.500 110,000 124,563 119,213 MGM MIRAGE, INC. 07/15/2015 6.625 1,525,000 1,497,532 1,521,188

B-15 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

MIDAMERICAN ENERGY HOLDINGS COMPANY 10/01/2012 5.875 %$ 1,000,000 $ 1,073,660 $ 1,032,340 MID-AMERICAN WASTE SYSTEMS INC. 02/15/2003 12.250 6,060,000 3,195,612 - MIDWEST GENERATION, LLC 05/01/2034 8.750 1,380,000 1,528,350 1,519,725 MIKOHN GAMING CORP. 08/15/2008 11.875 225,000 237,332 238,500 MILLAR WESTERN FOREST PRODUCTS LTD. 11/15/2013 7.750 1,500,000 1,500,000 1,117,500 MIRANT CORPORATION 12/31/2013 7.375 250,000 252,750 252,813 MMCA AUTO COMPANY 11/16/2009 3.050 1,443,477 1,432,763 1,430,327 MOHEGAN TRIBAL GAMING AUTHORITY 04/01/2012 8.000 20,000 22,000 21,050 MOOG INC. 01/15/2015 6.250 1,725,000 1,727,538 1,699,125 MORGAN STANLEY 04/15/2006 6.100 200,000 217,542 200,686 MORGAN STANLEY 04/01/2007 5.800 5,005,000 5,487,271 5,058,997 MORGAN STANLEY 01/18/2008 4.284 2,340,000 2,341,095 2,341,826 MORGAN STANLEY 01/15/2010 4.430 2,030,000 2,034,803 2,034,751 MORGAN STANLEY 05/15/2010 4.250 1,615,000 1,606,166 1,560,995 MORGAN STANLEY 01/21/2011 5.050 2,650,000 2,640,142 2,650,822 MORGAN STANLEY 04/15/2011 6.750 500,000 536,345 536,544 MORGAN STANLEY 03/01/2013 5.300 5,600,000 5,852,964 5,611,368 MORGAN STANLEY 04/01/2014 4.750 3,000,000 2,803,620 2,877,180 MORGAN STANLEY 04/01/2032 7.250 2,000,000 2,427,880 2,396,709 MORGAN STANLEY 02/15/2033 6.660 10,000,000 11,039,063 10,645,100 MORGAN STANLEY 03/25/2033 4.879 415,801 415,801 417,028 MORGAN STANLEY 03/12/2035 4.920 4,500,000 4,469,317 4,475,610 MORGAN STANLEY ABS CAPITAL I INC. TRUST 03/15/2030 6.550 5,295,765 6,046,870 5,418,044 MORGAN STANLEY ABS CAPITAL I INC. TRUST 09/25/2034 4.909 3,700,000 3,700,000 3,732,005 MORGAN STANLEY ABS CAPITAL I INC. TRUST 08/13/2042 4.882 3,800,000 3,820,859 3,774,882 MORGAN STANLEY MORTGAGE LOAN TRUST 08/25/2034 4.362 1,162,118 1,148,500 1,151,554 MORGAN STANLEY MORTGAGE LOAN TRUST 09/25/2034 4.829 857,990 857,052 849,616 MORGAN STANLEY MORTGAGE LOAN TRUST 10/25/2034 4.541 3,233,344 3,275,276 3,221,155 MORTON'S RESTAURANT GROUP, INC. 07/01/2010 7.500 325,000 284,307 321,750 MOTOROLA, INC. 11/16/2007 4.608 800,000 795,928 795,000 MOTOROLA, INC. 11/15/2010 7.625 2,000,000 2,291,750 2,223,120 MOTOROLA, INC. 11/15/2028 6.500 1,600,000 1,737,744 1,756,736 MUZAK LLC 02/15/2009 10.000 425,000 422,428 370,813 MYLAN LABORATORIES INC. 08/15/2015 6.375 1,710,000 1,695,344 1,712,138 NALCO COMPANY 11/15/2011 7.750 3,275,000 3,484,370 3,365,063 NATEXIS PRIVATE EQUITY 01/31/2006 3.856 21,500,000 21,077,848 21,077,848 NATIONAL CITY CORPORATION 05/15/2019 6.875 3,350,000 3,768,200 3,800,140 NATIONAL RURAL UTILITIES COOPERATIVE FINANCIAL CORPORATION 08/28/2009 5.750 8,150,000 8,520,010 8,367,687 NATIONSRENT, INC. 10/15/2010 9.500 725,000 733,969 790,250 NATIONWIDE BUILDING SOCIETY 12/11/2006 4.600 30,000,000 30,000,000 30,042,000 NATIONWIDE FINANCIAL SERVICES, INC. 11/15/2011 6.250 3,000,000 3,257,940 3,157,500 NAVISTAR INTERNATIONAL CORPORATION 06/15/2011 7.500 1,275,000 1,275,938 1,214,438 NB CAPITAL TRUST IV 04/15/2027 8.250 2,000,000 2,377,480 2,141,560 NEENAH PAPER, INC. 11/15/2014 7.375 2,000,000 2,022,500 1,805,000 NEIMAN MARCUS GROUP (THE) 10/15/2015 10.375 750,000 746,250 762,188 NEW CENTURY HOME EQUITY LOAN TRUST 01/25/2036 4.459 4,664,210 4,664,210 4,664,163 NEW ENGLAND TELEPHONE & TELEGRAPH COMPANY 11/15/2029 7.875 1,875,000 2,440,373 2,087,982 NEWS AMERICA, INC. 01/09/2008 6.625 50,000 52,897 51,563 NEWS AMERICA, INC. 10/17/2008 7.375 870,000 995,246 918,390 NEWS AMERICA, INC. 10/30/2025 7.700 3,300,000 3,737,750 3,786,222 NEWS AMERICA, INC. 11/30/2028 7.625 1,365,000 1,627,393 1,547,992 NEXEN INC. 03/10/2035 5.875 1,000,000 965,690 983,280 NEXTEL COMMUNICATIONS, INC. 10/31/2013 6.875 3,750,000 3,823,594 3,912,300 NEXTEL COMMUNICATIONS, INC. 03/15/2014 5.950 29,000 29,633 29,154 NEXTEL COMMUNICATIONS, INC. 08/01/2015 7.375 4,520,000 4,600,857 4,770,002 NISSAN AUTO RECEIVABLES 12/17/2007 2.700 3,400,000 3,371,844 3,365,932 NOMURA ASSET ACCEPTANCE CORPORATION 03/15/2030 6.590 2,750,000 3,067,325 2,842,180 NOMURA ASSET ACCEPTANCE CORPORATION 11/25/2034 4.500 1,200,000 60,989 21,156 NORANDA INC. 06/15/2017 5.500 1,500,000 1,453,545 1,441,395 NORFOLK SOUTHERN CORP. 05/15/2027 7.800 1,750,000 2,132,972 2,217,303 NORSK HYDRO ASA 09/23/2027 7.250 1,200,000 1,449,456 1,478,808 NORSKE SKOG LTD. 03/01/2014 7.375 650,000 670,000 568,750 NORTHROP GRUMMAN CORPORATION 11/16/2006 4.079 1,240,000 1,237,224 1,230,502

B-16 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

NORTHROP GRUMMAN CORPORATION 03/01/2016 7.750 %$ 2,200,000 $ 2,804,051 $ 2,653,046 NORTHWEST PIPELINE CORP. 03/01/2010 8.125 1,100,000 1,142,000 1,166,000 NOVELS INC. 02/15/2015 7.250 1,415,000 1,301,775 1,319,488 NRG ENERGY, INC. 12/15/2013 8.000 857,000 870,436 955,555 NTL GROUP LTD. 04/15/2014 8.750 1,750,000 1,792,110 1,828,750 OCCIDENTAL PETROLEUM CORP. 02/15/2029 8.450 1,000,000 1,371,120 1,386,560 OCEAN ENERGY, INC. 10/01/2007 4.375 1,460,000 1,456,730 1,444,012 OHIO POWER COMPANY 02/15/2033 6.600 1,525,000 1,517,894 1,690,600 OMI CORPORATION 07/15/2018 6.740 448,089 462,894 448,031 OMNICARE, INC. 06/01/2013 6.125 2,315,000 2,304,938 2,274,488 OMNICARE, INC. 12/15/2015 6.875 129,000 130,213 130,935 ONCOR ELECTRIC DELIVERY COMPANY 01/15/2015 6.375 1,320,000 1,489,082 1,400,639 ONCOR ELECTRIC DELIVERY COMPANY 09/01/2022 7.000 1,000,000 1,112,510 1,111,400 ONCOR ELECTRIC DELIVERY COMPANY 01/15/2033 7.250 770,000 758,989 901,863 OPTION ONE MORTGAGE CORPORATION 08/25/2033 4.859 330,209 330,209 331,312 ORANGE COUNTY CALIFORNIA SANITATION DISTRICT 02/01/2030 5.250 1,300,000 1,299,935 1,375,725 OWENS & MINOR, INC. HOLDING CO. 07/15/2011 8.500 3,300,000 3,465,950 3,465,000 * OWENS ILLINOIS, INC. 05/15/2007 8.100 510,000 483,353 521,475 OWENS-BROCKWAY GLASS CONTAINER, INC. 11/15/2012 8.750 1,420,000 1,579,750 1,526,500 OWENS-BROCKWAY GLASS CONTAINER, INC. 12/01/2014 6.750 4,927,000 4,966,698 4,779,190 OXFORD INDUSTRIES, INC. 06/01/2011 8.875 80,000 84,600 81,500 PACIFIC BELL 03/15/2026 7.125 1,500,000 1,773,450 1,659,135 PACIFIC ENERGY PARTNERS, L.P. 06/15/2014 7.125 50,000 49,127 51,500 PACIFIC GAS & ELECTRIC COMPANY 03/01/2034 6.050 1,650,000 1,669,751 1,707,750 PANAMSAT CORP. 08/15/2014 9.000 566,000 592,279 592,885 PANAMSAT HOLDING CORPORATION 11/01/2014 FLOATING 900,000 575,219 630,000 PANTRY INC. 02/15/2014 7.750 1,565,000 1,537,613 1,565,000 PARK PLACE ENTERTAINMENT CORPORATION 02/15/2007 9.375 1,000,000 1,000,000 1,041,250 PAYLESS SHOESOURCE, INC. 08/01/2013 8.250 625,000 637,879 653,125 PEABODY ENERGY CORPORATION 04/15/2016 5.875 380,000 380,000 370,025 PEMEX PROJECT FUNDING MASTER TRUST 06/15/2010 5.791 7,920,000 8,118,000 8,197,200 PEMEX PROJECT FUNDING MASTER TRUST 12/03/2012 5.010 2,450,000 2,452,000 2,448,849 PEMEX PROJECT FUNDING MASTER TRUST 12/15/2014 7.375 6,750,000 7,344,000 7,498,778 PENN NATIONAL GAMING INC. 12/01/2011 6.875 1,675,000 1,666,625 1,691,750 PETRO STOPPING CENTERS, L.P. 02/15/2012 9.000 825,000 833,952 829,125 PETROLEUM HELICOPTERS, INC. 05/01/2009 9.375 550,000 550,000 579,563 PHARMACIA CORPORATION 12/01/2018 6.500 955,000 978,665 1,073,478 * PHILIP MORRIS CAPITAL CORPORATION 02/01/2007 7.200 3,490,000 3,623,702 3,552,681 * PHILIP MORRIS CAPITAL CORPORATION 07/01/2008 7.650 1,000,000 1,061,240 1,059,060 * PHILIP MORRIS CAPITAL CORPORATION 01/15/2027 7.750 750,000 830,265 890,385 PILGRIMS PRIDE CORPORATION 09/15/2011 9.625 950,000 1,008,188 1,011,750 PLIANT CORPORATION 09/01/2009 11.125 375,000 394,410 333,750 PNC FINANCIAL SERVICES GROUP, INC. (THE) 04/28/2006 4.344 20,000,000 20,000,000 20,003,000 PNC FINANCIAL SERVICES GROUP, INC. (THE) 03/10/2008 4.200 9,650,000 9,502,838 9,506,698 PNC FINANCIAL SERVICES GROUP, INC. (THE) 10/12/2033 7.300 5,000,000 5,806,446 5,398,700 POGO PRODUCING COMPANY 03/15/2015 6.625 1,850,000 1,834,549 1,803,750 POSTER FINANCIAL GROUP, INC. 12/01/2011 8.750 875,000 912,100 901,250 * PRAXAIR, INC. 06/15/2008 2.750 3,000,000 2,966,460 2,854,680 PREMIER ENTERTAINMENT BILOXI LLC 02/01/2012 10.750 100,000 108,325 96,500 PREMIUM ASSET TRUST 02/06/2006 4.520 2,500,000 2,500,000 2,500,375 PRIDE INTERNATIONAL, INC. 07/15/2014 7.375 120,000 119,369 128,700 PRIME MORTGAGE TRUST 07/25/2034 7.500 2,000,000 2,061,875 2,061,875 PRIMEDIA INC. 05/15/2011 8.875 625,000 601,479 576,563 PRIMEDIA INC. 05/15/2013 8.000 775,000 794,250 655,844 PROCTER & GAMBLE CO. (THE) 09/15/2009 6.875 3,000,000 3,613,470 3,206,250 PROCTOR & GAMBLE CO. (THE) 08/15/2014 4.950 3,000,000 3,104,700 3,007,020 PROGRESS ENERGY INC. 04/15/2007 6.050 2,040,000 2,066,843 2,064,542 PROGRESS ENERGY INC. 03/01/2031 7.750 700,000 854,035 838,023 PROGRESS ENERGY INC. 10/30/2031 7.000 1,700,000 1,868,760 1,886,456 PROGRESS RAIL SERVICES CORPORATION 04/01/2012 7.750 1,450,000 1,482,625 1,484,438 PROGRESSIVE CORPORATION (THE) 12/01/2032 6.250 1,500,000 1,560,225 1,636,875 PROTECTIVE LIFE SECURED TRUST 11/24/2008 3.700 255,000 254,516 247,470 PROVIDENT BANK 08/25/2031 4.649 3,792,752 3,788,801 3,797,265

B-17 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

PROVIDENT FUNDING MORTGAGE LOAN TRUST 05/25/2035 4.180 %$ 5,441,132 $ 5,413,927 $ 5,350,701 PROVIDENT FUNDING MORTGAGE LOAN TRUST 11/25/2035 4.386 6,189,875 6,107,666 6,096,717 PRUDENTIAL FINANCIAL, INC. 05/01/2008 3.750 4,400,000 4,408,756 4,288,377 PSEG ENERGY HOLDINGS LLC 10/01/2009 10.000 975,000 1,051,719 1,072,500 PSEG ENERGY HOLDINGS LLC 06/15/2011 8.500 725,000 786,313 775,750 PSEG POWER LLC. 04/15/2011 7.750 1,200,000 1,436,052 1,328,616 PSYCHIATRIC SOLUTIONS, INC. 07/15/2015 7.750 925,000 960,625 955,063 PUBLIC SERVICE COMPANY OF COLORADO 10/01/2012 7.875 1,800,000 2,172,330 2,095,578 PULTE HOME CORP. 06/15/2032 7.875 750,000 880,065 838,470 PULTE HOME CORP. 05/15/2033 6.375 230,000 229,409 214,609 QUEBECOR INTEGRATED MEDIA 07/15/2011 11.125 750,000 807,066 811,875 QUEST DIAGNOSTICS, INC. 11/01/2015 5.450 1,500,000 1,516,260 1,511,250 QUIKSILVER INC. 04/15/2015 6.875 1,033,000 986,515 994,263 QWEST COMMUNICATIONS INTERNATIONAL INC. 02/15/2009 7.840 1,951,000 1,973,280 1,977,827 QWEST COMMUNICATIONS INTERNATIONAL INC. 03/15/2012 8.875 2,790,000 3,103,223 3,145,725 QWEST COMMUNICATIONS INTERNATIONAL INC. 02/15/2014 7.500 975,000 1,006,938 1,001,813 QWEST COMMUNICATIONS INTERNATIONAL INC. 06/15/2015 7.625 350,000 358,125 374,500 QWEST CORPORATION 06/15/2023 7.500 75,000 74,625 74,532 R.H. DONNELLEY CORPORATION 01/15/2013 6.875 750,000 766,875 690,938 RADIO ONE, INC. 02/15/2013 6.375 2,200,000 2,114,748 2,136,750 RAYTHEON COMPANY 03/15/2010 6.550 3,300,000 3,290,859 3,477,375 READER'S DIGEST ASSOCIATION, INC. 03/01/2011 6.500 1,955,000 1,966,738 1,911,013 REAL MEX RESTAURANTS, INC. 04/01/2010 10.000 200,000 204,286 213,000 RELIANT RESOURCES INC. 07/15/2010 9.250 1,200,000 1,221,844 1,200,000 RELIANT RESOURCES INC. 12/15/2014 6.750 450,000 443,813 392,625 RENAISSANCE HOME EQUITY LOAN TRUST 05/25/2033 4.809 898,424 898,566 901,748 RENAISSANCE MORTGAGE LOAN TRUST 10/25/2035 4.759 5,500,000 5,500,000 5,502,805 RENT WAY, INC. 06/15/2010 11.875 1,250,000 1,350,000 1,329,688 RENT-A-CENTER, INC. 05/01/2010 7.500 1,920,000 1,850,400 1,833,600 RESIDENTIAL ASSET SECURITIES CORPORATION 05/28/2008 4.609 760,347 759,545 760,621 RESIDENTIAL ASSET SECURITIES CORPORATION 07/25/2031 4.839 177,813 177,729 177,818 RESIDENTIAL ASSET SECURITIES CORPORATION 09/25/2031 4.609 467,103 466,812 467,202 RESIDENTIAL ASSET SECURITIES CORPORATION 10/25/2031 8.500 803,174 852,557 825,848 RESIDENTIAL ASSET SECURITIES CORPORATION 12/25/2031 4.859 1,719,388 1,720,462 1,719,456 RESIDENTIAL ASSET SECURITIES CORPORATION 03/25/2032 4.669 10,312 10,315 10,321 RESIDENTIAL ASSET SECURITIES CORPORATION 05/25/2032 7.500 3,907,407 4,094,416 4,006,475 RESIDENTIAL ASSET SECURITIES CORPORATION 01/25/2033 4.679 551,396 551,396 552,571 RESIDENTIAL ASSET SECURITIES CORPORATION 12/26/2034 5.565 3,932,720 3,998,777 3,941,018 RESIDENTIAL ASSET SECURITIES CORPORATION 07/19/2035 4.913 5,103,712 5,145,180 5,073,651 RESIDENTIAL ASSET SECURITIES CORPORATION 12/25/2035 4.469 4,350,000 4,350,000 4,348,641 RESIDENTIAL CAPITAL CORPORATION 06/29/2007 5.896 1,470,000 1,478,600 1,473,675 RESIDENTIAL CAPITAL CORPORATION 11/21/2008 5.670 2,000,000 2,003,980 2,002,500 RESIDENTIAL CAPITAL CORPORATION 06/30/2010 6.375 1,750,000 1,766,608 1,778,158 RESOLUTION PERFORMANCE PRODUCTS, LLC 04/15/2010 9.500 800,000 814,987 810,000 RHODIA S.A. 06/01/2010 10.250 60,000 62,563 65,700 RITE AID CORP. 05/01/2010 8.125 600,000 630,000 610,500 RIVER ROCK ENTERTAINMENT, LLC. 11/01/2011 9.750 20,000 22,450 21,550 ROCKWOOD SPECIALTIES GROUP, INC. 11/15/2014 7.500 1,400,000 1,376,313 1,394,750 ROGERS CABLE INC. 03/15/2015 6.750 870,000 891,363 883,050 ROGERS WIRELESS COMMUNICATIONS INC. 05/01/2011 9.625 300,000 293,775 345,000 ROGERS WIRELESS COMMUNICATIONS INC. 12/15/2012 8.000 1,250,000 1,329,375 1,323,438 ROGERS WIRELESS COMMUNICATIONS INC. 03/15/2015 7.500 90,000 99,000 97,200 ROTECH HEALTHCARE, INC. 04/01/2012 9.500 1,400,000 1,485,719 1,470,000 ROUSE COMPANY (THE) 03/15/2009 3.625 405,000 376,488 378,295 ROUSE COMPANY (THE) 11/26/2013 5.375 1,325,000 1,258,236 1,257,704 ROYAL KPNS, NV 10/01/2010 8.000 2,680,000 2,959,951 2,943,391 ROYAL KPNS, NV 10/01/2030 8.375 2,000,000 2,626,180 2,370,000 RURAL CELLULAR CORPORATION 01/15/2010 9.750 725,000 732,250 732,250 RURAL CELLULAR CORPORATION 03/15/2012 8.250 175,000 175,000 184,625 RUSSELL CORPORATION 05/01/2010 9.250 71,000 72,350 71,977 SACO 07/25/2035 4.629 4,486,676 4,486,676 4,490,759 SAFECO CAPITAL TRUST 07/15/2037 8.072 1,250,000 1,453,563 1,334,950 * SAFEWAY INC. 02/01/2031 7.250 1,500,000 1,680,165 1,618,590

B-18 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

SALOMON BROTHERS COMMERCIAL MORTGAGE TRUST 10/13/2011 6.499 %$ 2,880,000 $ 3,173,163 $ 3,067,719 SALOMON BROTHERS MORTGAGE SECURITIES VII, INC. 12/18/2009 7.520 5,700,000 6,738,000 6,152,238 SAN PAOLO HOLDING CO. 02/28/2006 4.713 28,000,000 27,788,306 27,788,306 SANMINA-SCI CORPORATION 03/01/2013 6.750 875,000 841,294 832,344 * SARA LEE CORPORATION 06/15/2008 2.750 190,000 179,725 179,699 * SARA LEE CORPORATION 11/01/2032 6.125 1,200,000 1,295,232 1,121,808 SBC COMMUNICATIONS INC. 06/15/2016 5.625 3,000,000 3,134,520 3,018,270 SBC COMMUNICATIONS INC. 06/15/2034 6.450 500,000 542,610 520,310 SCHERING-PLOUGH CORP. 12/01/2013 5.550 2,500,000 2,542,425 2,541,602 SEALY CORPORATION 06/15/2014 8.250 1,000,000 1,017,500 1,030,000 * SEMCO ENERGY, INC. 05/15/2013 7.750 1,650,000 1,701,443 1,730,174 SEMPRA ENERGY 05/21/2008 4.840 2,875,000 2,877,789 2,880,377 SEMPRA ENERGY 02/01/2013 6.000 1,200,000 1,331,328 1,240,680 SENSUS METERING SYSTEMS - S.A.S. 12/15/2013 8.625 1,810,000 1,606,375 1,601,850 SEQUA CORP. 04/01/2008 8.875 325,000 330,282 338,813 SEQUOIA MORTGAGE TRUST 11/22/2024 4.730 566,933 567,420 564,478 SEQUOIA MORTGAGE TRUST 07/20/2034 5.250 2,462,359 2,525,850 2,485,555 SEQUOIA MORTGAGE TRUST 01/20/2035 4.640 3,393,935 3,397,117 3,395,089 SERVICE CORPORATION INTERNATIONAL 06/15/2017 7.500 1,870,000 1,851,300 1,855,975 SHAW COMMUNICATIONS INC. 12/15/2011 7.200 67,000 66,079 69,848 SIGMA FINANCIAL CORPORATION 04/13/2007 4.369 20,000,000 19,992,000 20,000,000 SIMMONS BEDDING COMPANY 01/15/2014 7.875 1,455,000 1,305,863 1,345,875 SIMON PROPERTY GROUP, INC. 11/15/2007 6.375 4,500,000 5,042,700 4,598,415 SIMON PROPERTY GROUP, INC. 12/01/2015 5.750 3,200,000 3,221,984 3,246,976 SINCLAIR BROADCAST GROUP, INC. 12/15/2011 8.750 1,000,000 1,033,750 1,052,500 SINCLAIR BROADCAST GROUP, INC. 03/15/2012 8.000 1,200,000 1,170,000 1,236,000 SLM CORPORATION 07/27/2009 4.340 800,000 798,840 799,120 SLM CORPORATION 04/25/2013 4.220 4,319,569 4,320,244 4,318,014 SLM CORPORATION 04/15/2015 5.000 1,400,000 1,398,978 1,370,473 SLM CORPORATION 07/27/2026 4.210 4,425,000 4,425,000 4,425,045 SMITHFIELD FOODS, INC. 05/15/2013 7.750 1,000,000 1,060,000 1,057,500 * SMURFIT CAPITAL FUNDING PLC 11/20/2025 7.500 450,000 432,938 396,000 SOLO CUP COMPANY 02/15/2014 8.500 50,000 49,768 43,750 SOUTH CAROLINA ELECTRIC GAS COMPANY 02/01/2032 6.625 1,150,000 1,415,432 1,328,607 SOUTHERN CALIFORNIA EDISON CO. 12/13/2007 4.555 1,280,000 1,278,347 1,279,796 SOUTHERN CALIFORNIA EDISON CO. 04/01/2029 6.650 1,000,000 1,107,000 1,110,930 SOUTHERN NATURAL GAS COMPANY 09/15/2008 6.125 520,000 501,150 520,078 SOUTHERN NATURAL GAS COMPANY 03/15/2010 8.875 740,000 755,725 790,875 SOUTHTRUST CORPORATION 06/15/2014 5.800 3,000,000 3,023,910 3,123,270 SOVEREIGN BANCORP, INC. 09/01/2010 4.800 2,500,000 2,500,100 2,450,000 SPEEDWAY MOTORSPORTS, INC. 06/01/2013 6.750 915,000 926,438 926,438 SPRINT CAPITAL CORPORATION 08/17/2006 4.780 160,000 164,552 159,874 SPRINT CAPITAL CORPORATION 03/15/2012 8.375 3,705,000 4,042,960 4,293,725 SPRINT CORPORATION 11/15/2008 6.125 7,150,000 7,545,536 7,352,202 SPRINT CORPORATION 05/01/2019 6.900 1,800,000 2,060,874 1,982,520 SPRINT CORPORATION 11/15/2028 6.875 625,000 697,703 682,913 SPRINT CORPORATION 03/15/2032 8.750 2,100,000 2,507,143 2,786,763 STARBIRD FUNDING CORP. 01/03/2006 5.734 12,000,000 11,994,347 11,994,347 STARWOOD HOTELS & RESORTS WORLDWIDE INC. 05/01/2007 7.375 74,000 76,190 76,128 STATER BROS. HOLDINGS INC. 06/15/2012 8.125 400,000 398,000 396,000 STATION CASINOS INC. 04/01/2012 6.000 80,000 80,087 79,800 STATION CASINOS INC. 03/01/2016 6.875 1,250,000 1,267,188 1,278,125 * STONE CONTAINER CORP. 02/01/2011 9.750 1,000,000 1,032,525 1,010,000 * STONE CONTAINER CORP. 07/01/2012 8.375 850,000 850,000 822,375 STONE ENERGY CORPORATION 12/15/2011 8.250 600,000 630,000 619,500 STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST 08/25/2035 4.719 5,347,145 5,347,145 5,348,963 STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST 10/25/2035 4.679 5,679,183 5,679,183 5,691,677 STRUCTURED ASSET SECURITIES CORPORATION 01/01/2032 4.659 98,198 98,137 98,189 STRUCTURED ASSET SECURITIES CORPORATION 06/25/2033 4.420 4,620,890 4,652,658 4,544,368 SUBURBAN PROPANE PARTNERS, L.P. 12/15/2013 6.875 2,055,000 1,913,402 1,921,425 SUN MEDIA CORPORATION 02/15/2013 7.625 50,000 54,125 51,250 SUNGARD DATA SYSTEMS INC. 08/15/2013 9.125 2,175,000 2,244,738 2,251,125 SUNTRUST BANKS, INC. 10/15/2008 4.000 1,170,000 1,180,612 1,143,301

B-19 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

SUNTRUST BANKS, INC. 05/01/2010 7.750 %$ 3,878,000 $ 4,684,896 $ 4,290,620 SWEDBANK 02/28/2006 6.738 14,000,000 13,849,150 13,849,150 SWISS BANK CORPORATION 10/15/2015 7.000 3,500,000 4,213,370 3,987,795 * TARGET CORPORATION 03/01/2012 5.875 4,470,000 4,827,418 4,695,557 TEAM FINANCE LLC 12/01/2013 11.250 805,000 805,000 821,100 TECHNICAL OLYMPIC USA INC. 07/01/2010 9.000 885,000 925,000 894,957 TECHNICAL OLYMPIC USA INC. 07/01/2012 10.375 440,000 422,000 432,850 TECO ENERGY, INC. 05/01/2012 7.000 1,575,000 1,583,563 1,653,750 TEEKAY SHIPPING CORPORATION 07/15/2011 8.875 110,000 120,175 124,300 TEKNI-PLEX, INC. 11/15/2013 8.750 225,000 194,625 198,000 TELECOM ITALIA CAPITAL S.A. 11/15/2008 4.000 910,000 888,879 882,555 TELECOM ITALIA CAPITAL S.A. 02/01/2011 4.730 2,510,000 2,524,147 2,521,371 TELECOM ITALIA CAPITAL S.A. 11/15/2013 5.250 5,700,000 5,757,478 5,593,125 TELECOM ITALIA CAPITAL S.A. 11/15/2033 6.375 1,000,000 1,035,160 1,011,560 TELECOM ITALIA CAPITAL S.A. 09/30/2034 6.000 1,000,000 994,060 963,280 TELEFONICA EUROPE B.V. 09/15/2010 7.750 1,350,000 1,653,615 1,478,250 TEMBEC INDUSTRIES INC. 06/30/2009 8.625 475,000 481,175 270,750 TEMBEC INDUSTRIES INC. 02/01/2011 8.500 350,000 363,369 194,250 TENET HEALTHCARE CORP. 12/01/2011 6.375 1,465,000 1,349,379 1,336,813 TENET HEALTHCARE CORP. 06/01/2012 6.500 1,565,000 1,405,967 1,431,975 TENET HEALTHCARE CORP. 02/01/2013 7.375 1,300,000 1,153,383 1,199,250 TENET HEALTHCARE CORP. 07/01/2014 9.875 255,000 265,857 258,188 TENET HEALTHCARE CORP. 02/01/2015 9.250 825,000 822,077 818,813 TENET HEALTHCARE CORP. 11/15/2031 6.875 1,250,000 1,154,175 1,006,250 TENNECO AUTOMOTIVE, INC. 07/15/2013 10.250 1,200,000 1,290,425 1,311,000 TENNESSEE GAS PIPELINE CO. 04/01/2017 7.500 1,425,000 1,396,500 1,525,862 TEREX CORPORATION 01/15/2014 7.375 20,000 21,150 19,800 TEXAS GENCO LLC 12/15/2014 6.875 4,365,000 4,452,385 4,725,113 TEXTRON FINANCIAL CORPORATION 08/28/2007 4.620 1,000,000 1,000,000 1,002,810 TEXTRON FINANCIAL CORPORATION 11/20/2009 6.000 1,260,000 1,416,706 1,305,474 THORNBURG MORTGAGE SECURITIES TRUST 09/25/2034 4.749 3,822,826 3,822,826 3,817,551 THORNBURG MORTGAGE SECURITIES TRUST 08/25/2045 4.639 6,201,358 6,201,358 6,200,738 THREE PILLARS FUNDING CORP. 01/03/2006 5.816 38,000,000 37,981,845 37,981,845 THREE PILLARS FUNDING CORP. 01/19/2006 4.143 18,000,000 17,811,401 17,811,401 TIME WARNER, INC. 01/15/2013 9.125 300,000 334,527 355,077 TIME WARNER, INC. 03/15/2023 8.375 325,000 368,693 375,782 TIME WARNER, INC. 02/01/2024 7.570 3,430,000 3,763,191 3,741,376 TOLL BROTHERS FINANCIAL CORPORATION 03/15/2014 4.950 1,650,000 1,611,374 1,528,824 TRANSDIGM INC. 07/15/2011 8.375 465,000 477,788 489,413 TRANSOCEAN INC. 04/15/2011 6.625 3,800,000 4,331,131 4,120,606 TRAVELERS PROPERTY CASUALTY CORP. 03/15/2013 5.000 2,500,000 2,630,425 2,458,975 TRIAD HOSPITALS, INC. 05/15/2012 7.000 3,405,000 3,411,669 3,498,638 TRONOX INCORPORATED 12/01/2012 9.500 1,575,000 1,606,375 1,606,500 TRUMP ENTERTAINMENT RESORTS HOLDING, L.P. 06/01/2015 8.500 625,000 612,500 609,375 TRW INC. 02/15/2013 9.375 1,205,000 1,295,375 1,304,413 TURNER BROADCASTING SYSTEM, INC. 07/01/2013 8.375 3,870,000 4,304,889 4,456,538 TYCO INTERNATIONAL LTD. 06/15/2007 4.436 680,000 677,670 671,711 U.S. BANCORP 08/23/2007 3.950 1,590,000 1,588,263 1,569,378 U.S. BANK NATIONAL ASSOCIATION 07/28/2006 4.230 20,000,000 20,000,000 20,003,000 U.S. BANK NATIONAL ASSOCIATION 03/12/2007 2.400 905,000 906,639 878,412 U.S. BANK NATIONAL ASSOCIATION 08/15/2008 4.400 1,900,000 1,900,000 1,881,000 U.S. BANK NATIONAL ASSOCIATION 02/04/2014 6.300 3,725,000 4,195,567 4,018,903 UCAR INTERNATIONAL INC. 02/15/2012 10.250 2,100,000 2,144,932 2,218,125 UGS CORP. 06/01/2012 10.000 40,000 45,280 43,600 UNICREDITO ITALIANO S.P.A. 06/14/2006 4.429 18,000,000 17,983,590 17,983,590 * UNILEVER CAPITAL CORP. 11/15/2032 5.900 1,500,000 1,653,465 1,588,815 UNION OIL COMPANY OF CALIFORNIA 02/15/2029 7.500 750,000 890,528 959,295 UNION PACIFIC CORP. 01/15/2011 6.650 3,580,000 4,031,925 3,813,237 UNION PLANTERS CORPORATION 12/01/2010 4.375 3,000,000 2,992,770 2,928,270 UNISYS CORPORATION 03/15/2010 6.875 850,000 826,313 786,250 UNISYS CORPORATION 10/15/2012 8.000 325,000 325,000 300,625 UNITEC PRODUCTS, INC. 06/15/2013 9.375 1,500,000 1,488,750 1,492,500 UNITED AGRI PRODUCTS INC. 12/15/2011 8.250 678,000 696,645 711,900

B-20 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

UNITED COMMUNITY FINANCIAL CORP. 04/15/2030 7.750 %$ 2,151,936 $ 2,264,913 $ 2,152,173 UNITED RENTALS, INC. 02/15/2012 6.500 3,120,000 2,992,025 3,038,100 UNITED SERVICES AUTOMOBILE ASSOCIATION 02/17/2009 3.160 5,500,000 5,441,778 5,421,845 UNITED STATES STEEL CORPORATION 05/15/2010 9.750 1,376,000 1,483,510 1,496,400 * UNITED TECHNOLOGIES CORP. 05/15/2012 6.100 1,210,000 1,225,004 1,282,782 UNITED UTILITIES PLC 02/01/2019 5.375 1,000,000 985,580 979,680 UNITEDHEALTH GROUP INC. 08/15/2014 5.000 2,500,000 2,515,300 2,487,875 US ONCOLOGY, INC. 08/15/2014 10.750 800,000 808,407 888,000 VALE RESORTS MANAGEMENT COMPANY 02/15/2014 6.750 1,820,000 1,814,200 1,820,000 VALERO ENERGY CORPORATION 04/15/2032 7.500 1,000,000 1,119,150 1,215,310 VALOR COMMUNICATIONS GROUP, INC. 02/15/2015 7.750 100,000 105,250 104,500 VARIABLE FUNDING CORP. 02/27/2006 4.628 14,000,000 13,897,800 13,897,800 VENTAS REALTY, LIMITED PARTNERSHIP 05/01/2009 8.750 81,000 88,203 87,480 VENTAS REALTY, LIMITED PARTNERSHIP 05/01/2012 9.000 10,000 10,788 11,400 VENTAS REALTY, LIMITED PARTNERSHIP 06/01/2016 6.500 90,000 89,550 90,450 VERIZON COMMUNICATIONS 06/15/2007 6.125 1,000,000 1,016,960 1,017,030 VERIZON COMMUNICATIONS 12/01/2010 7.250 6,425,000 7,487,693 6,972,089 VERIZON COMMUNICATIONS 01/17/2012 5.875 4,140,000 4,328,747 4,177,509 VERIZON COMMUNICATIONS 06/15/2032 7.750 375,000 339,525 446,423 VERTIS INC. 04/01/2009 9.750 1,245,000 1,288,575 1,290,132 VERTIS INC. 06/15/2009 10.875 775,000 776,975 763,375 * VIACOM INC. 05/01/2007 5.625 400,000 402,772 402,124 * VIACOM INC. 07/30/2010 7.700 2,000,000 2,453,300 2,158,740 * VIACOM INC. 08/15/2012 5.625 1,270,000 1,268,121 1,260,869 VIDEOTRON TELECOM LTD. 01/15/2014 6.875 2,250,000 2,362,500 2,278,125 VINTAGE PETROLEUM, INC. 05/01/2012 8.250 34,000 35,998 36,465 VISKASE COMPANIES, INC. 06/15/2011 11.500 575,000 581,938 608,063 VODAFONE GROUP PLC 12/16/2013 5.000 540,000 537,540 530,383 VOUGHT AIRCRAFT INDUSTRIES, INC. 07/15/2011 8.000 350,000 312,375 327,250 VWR INTERNATIONAL, INC. 04/15/2012 6.875 500,000 502,500 496,250 VWR INTERNATIONAL, INC. 04/15/2014 8.000 4,055,000 4,162,558 4,034,725 WACHOVIA ASSET SECURITIZATION, INC. 09/27/2032 4.749 2,116,207 2,121,498 2,120,630 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST 11/15/2034 4.980 4,000,000 4,035,938 3,971,880 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST 01/15/2041 5.215 1,500,000 1,471,231 1,500,015 WACHOVIA BANK COMMERCIAL MORTGAGE TRUST 07/15/2042 5.118 3,250,000 3,336,075 3,245,710 WACHOVIA BANK, N.A. 08/15/2008 4.375 1,030,000 1,027,024 1,018,248 WACHOVIA BANK, N.A. 08/15/2015 5.000 3,000,000 2,971,770 2,953,590 WAL-MART STORES, INC. 07/12/2007 4.375 10,000,000 10,700,220 9,954,600 WAL-MART STORES, INC. 09/01/2035 5.250 1,000,000 1,003,610 970,620 WALT DISNEY COMPANY (THE) 06/01/2007 5.375 4,000,000 4,103,080 4,022,670 WALT DISNEY COMPANY (THE) 07/15/2093 7.550 250,000 291,845 288,280 WARNER MUSIC GROUP 04/15/2014 7.375 375,000 373,438 372,188 WASHINGTON MUTUAL, INC. 01/15/2010 4.200 5,000,000 4,865,500 4,841,400 WASHINGTON MUTUAL, INC. 06/01/2027 8.375 2,000,000 2,423,440 2,155,300 WASHINGTON MUTUAL, INC. 01/25/2035 4.270 2,808,964 2,785,482 2,749,891 WASHINGTON MUTUAL, INC. 10/25/2035 5.082 6,015,398 6,002,468 5,977,862 WASHINGTON MUTUAL, INC. 06/25/2044 4.670 3,713,040 3,715,361 3,715,082 WASHINGTON MUTUAL, INC. 10/25/2044 4.640 3,944,234 3,944,234 3,950,427 WASHINGTON MUTUAL, INC. 06/25/2045 4.649 717,924 717,924 715,971 WASHINGTON MUTUAL, INC. 12/26/2045 4.640 758,000 758,000 758,000 WASTE MANAGEMENT, INC. 11/15/2008 6.500 2,800,000 2,910,172 2,903,684 WASTE MANAGEMENT, INC. 07/15/2028 7.000 2,200,000 2,458,446 2,478,762 WELLPOINT HEALTH NETWORKS, INC. 06/15/2006 6.375 550,000 564,658 553,608 WELLPOINT HEALTH NETWORKS, INC. 01/15/2012 6.375 600,000 597,996 637,308 WELLPOINT HEALTH NETWORKS, INC. 12/15/2034 5.950 650,000 693,232 670,105 WELLS FARGO & COMPANY 03/03/2006 4.540 26,000,000 26,000,000 26,003,900 WELLS FARGO & COMPANY 12/01/2007 5.250 6,000,000 6,614,520 6,058,080 WELLS FARGO & COMPANY 04/01/2009 3.125 7,255,000 6,995,526 6,871,791 WELLS FARGO & COMPANY 08/09/2010 4.625 1,840,000 1,836,504 1,817,000 WELLS FARGO & COMPANY 08/01/2011 6.375 4,000,000 4,424,891 4,287,480 WESTERN FINANCIAL BANK OF CALIFORNIA 05/15/2012 9.625 725,000 723,488 812,000 WESTERN OIL SANDS INC. 05/01/2012 8.375 226,000 247,050 253,968 WESTLAKE CHEMICAL CORPORATION 07/15/2011 8.750 30,000 32,850 32,100

B-21 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR CORPORATE DEBT SECURITIES DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE DESCRIPTION COST CURRENT VALUE

INTEREST MATURITY RATE PRINCIPAL

WESTPAC BANKING CORPORATION 06/01/2018 4.625 %$ 2,500,000 $ 2,448,925 $ 2,345,800 WESTVACO CORPORATION 01/15/2030 8.200 1,000,000 1,301,920 1,171,250 * WEYERHAEUSER CO. 03/15/2007 6.125 3,184,000 3,475,791 3,230,264 * WEYERHAEUSER CO. 07/15/2023 7.125 1,800,000 1,798,830 1,902,924 WH CAPITAL CORPORATION 04/01/2011 9.500 575,000 596,975 621,000 WHITING PETROLEUM CORPORATION 05/01/2012 7.250 500,000 505,000 506,250 WHITING PETROLEUM CORPORATION 02/01/2014 7.000 2,500,000 2,532,188 2,506,250 WILLIAM LYON HOMES COMPANY 04/01/2013 10.750 1,075,000 1,088,208 1,109,938 WILLIAM WRIGLEY JR. CO. 07/15/2015 4.650 1,500,000 1,489,575 1,460,625 WILLIAMS COMPANIES, INC. (THE) 04/15/2009 6.750 1,215,000 1,257,888 1,230,188 WILLIAMS COMPANIES, INC. (THE) 09/01/2011 7.125 3,445,000 3,640,600 3,578,494 WILLIAMS COMPANIES, INC. (THE) 03/15/2012 8.125 650,000 681,000 708,500 WILLIAMS COMPANIES, INC. (THE) 07/15/2019 7.625 525,000 525,000 563,063 WILLIAMS COMPANIES, INC. (THE) 09/01/2021 7.875 375,000 433,063 405,938 WILLIAMS SCOTSMAN, INC. 10/01/2015 8.500 1,445,000 1,477,057 1,495,575 WMG HOLDINGS CORP. 12/15/2014 4.558 375,000 266,250 262,500 WOLVERINE TUBE, INC. 04/01/2009 10.500 550,000 543,080 426,250 WYETH 03/15/2013 5.500 3,800,000 3,993,771 3,849,417 WYETH 02/15/2016 5.500 2,115,000 2,100,322 2,139,450 WYNN RESORTS, LIMITED 12/01/2014 6.625 925,000 885,000 899,563 XCEL ENERGY INC. 12/01/2010 7.000 1,235,000 1,436,911 1,329,169 XCL LTD. 05/01/2004 13.500 890,000 891,250 267 XEROX CORPORATION 01/15/2009 9.750 450,000 529,875 497,813 XEROX CORPORATION 06/15/2013 7.625 1,225,000 1,266,938 1,292,375 YOUNG BROADCASTING INC. 03/01/2011 10.000 1,100,000 1,037,907 1,029,875 ZIONS BANCORPORATION 09/15/2015 6.000 1,500,000 1,528,646 1,567,250 ZURICH FINANCIAL SERVICES 12/15/2065 5.651 2,000,000 2,004,781 2,005,001

TOTAL U.S.A. CORPORATE 2,808,662,310 2,753,951,580

NON-U.S.A. CORPORATE

* ALCAN INC. 05/15/2013 4.500 2,350,000 2,394,110 2,237,851 * ALCAN INC. 12/15/2033 6.125 1,000,000 1,076,020 1,023,590 BRITISH SKY BROADCASTING GROUP 10/15/2006 7.300 80,000 86,300 81,296 BRITISH SKY BROADCASTING GROUP 07/15/2009 8.200 6,000,000 6,789,480 6,557,760 CANADIAN NATIONAL CO. 07/15/2028 6.900 1,000,000 989,570 1,190,310 CORPORACION ANDINA DE FOMENTO 01/26/2007 4.556 2,090,000 2,090,000 2,089,582 EUROPEAN INVESTMENT BANK 03/01/2007 4.625 6,850,000 7,415,442 6,855,961 EUROPEAN INVESTMENT BANK 05/15/2014 4.625 3,000,000 3,086,670 3,016,200 FRANCE TELECOM S.A. 03/01/2011 7.750 2,000,000 2,398,699 2,233,740 FRANCE TELECOM S.A. 03/01/2031 8.500 1,750,000 2,371,600 2,334,868 INCO LIMITED 09/15/2032 7.200 1,000,000 1,163,580 1,100,250 INTL. BANK FOR RECONSTRUCTION & DEVELOPMENT 01/19/2023 7.625 4,070,000 5,338,674 5,421,240 ISRAEL LAND DEVELOPMENT CO. 06/30/2012 4.000 8,037 194 175 KFW BANKENGRUPPE 07/16/2007 3.250 7,000,000 6,868,120 6,854,470 KFW BANKENGRUPPE 03/30/2009 3.250 10,250,000 9,945,915 9,841,538 PETRO-CANADA 05/15/2035 5.950 410,000 420,402 415,892 ROYAL BANK OF SCOTLAND PLC 10/01/2014 5.000 2,592,000 2,665,380 2,566,620 RUSSIAN FEDERATION 03/31/2010 8.250 1,930,000 2,146,160 2,048,213 TELEFONOS DE MEXICO S.A. DE C.V. 01/26/2006 8.250 170,000 188,365 170,346 TRANSCANADA PIPELINES, LTD. 06/15/2013 4.000 4,000,000 3,799,680 3,750,000 TYCO INTERNATIONAL GROUP S.A. 01/15/2029 6.875 1,700,000 1,939,870 1,853,000 TYCO INTERNATIONAL LTD. 11/01/2008 6.125 3,364,000 3,460,278 3,433,904 TYCO INTERNATIONAL LTD. 10/15/2011 6.375 1,315,000 1,360,721 1,363,366 TYCO INTERNATIONAL LTD. 06/15/2028 7.000 485,000 526,613 533,573 UFJ FINANCE INTERNATIONAL 07/15/2009 8.350 1,800,000 2,140,074 1,987,308 VODAFONE AIRTOUCH CORP. 02/15/2010 7.750 7,000,000 8,241,417 7,675,390

TOTAL NON-U.S.A CORPORATE DEBT 78,903,334 76,636,443

TOTAL CORPORATE DEBT SECURITIES $ 2,887,565,644 $ 2,830,588,023

B-22 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

PREFERRED STOCKS - DOMESTIC

AMERIKING, INC. 17$ 97 $ 2 BANCO ITAU S.A. A.D.R. 28,820 170,832 692,256 BRASIL TELECOM PARTICIPACOES S.A. A.D.R. 75,900 2,341,104 2,834,865 COMPANHIA DE BEBIDAS DAS AMERICA A.D.R. 27,094 347,714 1,030,927 COMPANHIA VALE DO RIO DOCE A.D.R. 198,306 3,022,215 7,188,593 E. SPIRE COMMUNICATIONS, INC. 2,650 1,151,239 - FEDERAL NATIONAL MORTGAGE ASSOCIATION 215,600 11,907,580 11,750,200 HOME OWNERSHIP FUNDING 2,000 1,984,260 553,188 PAXSON COMMUNICATIONS CORPORATION 3 11,325 20,293 TELE NORTE CELULAR PARTICIPACOES S.A. A.D.R. 84,907 1,300,791 1,521,533 XCL LIMITED - CONVERTIBLE 1,724 189,485 - XCL LIMITED - CONVERTIBLE WARRANTS 8,904 788,521 -

TOTAL DOMESTIC PREFERRED STOCKS 23,215,163 25,591,857

COMMON STOCKS - DOMESTIC

3COM CORP. 2,850,000 11,242,317 10,260,000 3M COMPANY 55,468 3,131,446 4,298,770 4 KIDS ENTERTAINMENT INC. 39,100 776,979 613,479 A. SCHULMAN INC. 35,100 737,269 755,352 A.O. SMITH CORPORATION 18,300 535,487 642,330 AAR CORP. 74,800 778,984 1,791,460 AARON RENTS, INC. 38,000 305,265 801,040 ABBOTT LABORATORIES 630,908 25,976,142 24,876,702 ABERCROMBIE & FITCH CO. 16,800 595,589 1,095,024 ABGENIX INC. 260,775 2,600,596 5,604,055 ACADIA REALTY TRUST 93,100 1,676,987 1,866,655 ACCENTURE LTD. 18,900 419,986 545,643 ACCREDITED HOME LENDERS HOLDING CO. 94,855 2,970,383 4,702,911 ACCTON TECHNOLOGY CORPORATION 310,196 501,883 348,350 ACETO CORPORATION 53,500 322,632 352,030 ACQUITY BRANDS INC. 44,700 696,061 1,421,460 ACTIVISION, INC. 192,220 2,622,501 2,641,103 ACXIOM CORP. 82,350 1,356,982 1,894,050 ADAMS RESPIRATORY THERAPEUTICS, INC. 28,370 1,230,655 1,153,524 ADAPTEC, INC. 399,000 2,169,661 2,322,180 ADE CORPORATION 67,000 1,637,477 1,612,020 ADESA, INC. 49,000 1,148,200 1,196,580 ADMINISTAFF, INC. 91,960 1,628,216 3,866,918 ADOBE SYSTEMS, INC. 164,700 5,061,693 6,087,312 ADTRAN, INC. 45,430 1,207,366 1,349,725 ADVANTA CORP. 142,200 1,512,078 4,612,968 ADVENT SOFTWARE, INC. 36,510 774,062 1,056,599 ADVISORY BOARD CO. 82,130 4,027,043 3,915,137 * AES CORPORATION (THE) 164,900 2,613,799 2,610,367 AETNA INC. 88,952 6,020,433 8,389,063 AFC ENTERPRISES, INC. 85,400 1,099,923 1,291,248 AFFILIATED MANAGERS GROUP, INC. 42,990 3,020,918 3,449,948 AFFYMETRIX, INC. 22,600 1,114,395 1,079,150 * AFLAC INC. 98,000 3,573,466 4,549,160 AFTERMARKET TECHNOLOGY CORP. 171,974 2,118,920 3,343,175 AG EDWARDS & SONS, INC. 65,000 2,990,332 3,045,900 AGCO CORPORATION 144,000 2,821,411 2,386,080 AGILENT TECHNOLOGIES, INC. 38,900 1,383,626 1,294,981 AGILYSYS INC. 49,600 560,963 903,712 * AIRGAS, INC 138,550 3,140,835 4,558,295 AIRTRAN HOLDINGS, INC. 32,650 214,964 523,380

B-23 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

AK STEEL HOLDINGS CORP. 1,126,000$ 15,531,478 $ 8,951,700 ALAMOSA HOLDINGS CORP. 112,960 1,843,661 2,102,186 ALASKA AIR GROUP, INC. 115,000 2,305,750 4,107,800 ALBANY INTERNATIONAL CORP. 31,000 893,451 1,120,960 ALBERTO - CULVER COMPANY (THE) 19,900 637,627 910,425 * ALBERTSONS, INC. 98,500 2,367,338 2,102,975 ALCOA INC. 143,700 4,585,406 4,249,209 ALCON, INC. 40,500 3,775,998 5,248,800 ALERIS INTERNATIONAL, INC. 29,440 925,497 949,146 ALKERMES, INC. 199,100 2,882,215 3,806,792 ALLERGAN, INC. 151,730 12,264,018 16,380,771 ALLIANCE DATA SYSTEMS CORP. 18,500 737,872 658,600 ALLIANT TECHSYSTEMS INC. 34,670 2,483,589 2,640,814 * ALLIED WASTE INDUSTRIES, INC. 165,100 1,986,307 1,442,974 ALLSTATE CORPORATION 484,544 22,897,294 26,199,294 ALON USA ENERGY, INC. 143,657 2,744,259 2,822,860 ALPHARMA INC. 44,800 774,456 1,277,248 * ALTRIA GROUP INCORPORATED 521,091 25,236,708 38,935,920 AMAZON.COM INC. 445,400 14,092,847 21,000,610 AMCORE FINANCIAL, INC. 42,500 1,005,243 1,292,425 AMDOCS LIMITED 85,100 2,328,604 2,340,250 AMERADA HESS CORP. 178,800 21,415,873 22,675,416 AMERICA MOVIL A.D.R 157,986 791,326 4,622,670 AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. 53,400 1,471,371 978,822 AMERICAN COMMERCIAL LINES, INC. 61,460 1,720,264 1,863,467 AMERICAN EAGLE OUTFITTERS, INC. 117,425 2,699,288 2,698,427 AMERICAN ELECTRIC POWER CO., INC. 225,400 8,620,313 8,360,086 AMERICAN EQUITY INVESTMENT LIFE INSURANCE CO. 137,900 1,366,785 1,799,595 AMERICAN EXPRESS CO. 421,300 20,502,269 21,680,098 AMERICAN GREETINGS CORP. 163,100 2,925,922 3,583,307 AMERICAN HEALTHWAYS, INC. 120,150 3,910,516 5,436,788 AMERICAN HOME MORTGAGE HOLDINGS, INC. 150,800 4,854,172 4,911,556 AMERICAN INTERNATIONAL GROUP, INC. 218,867 13,189,945 14,933,295 AMERICAN NATIONAL INSURANCE CO. 24,315 2,257,900 2,844,612 AMERICAN REPOGRAPHICS, INC. 95,900 1,351,430 2,436,819 AMERICAN STANDARD COMPANIES INC. 52,600 2,435,886 2,101,370 AMERICAN TOWER CORP. 115,792 1,798,781 3,137,963 AMERICAS CAR MART INC. 118,152 2,241,301 1,951,871 AMERICREDIT CORP. 474,800 8,708,443 12,169,124 AMERIGROUP CORPORATION 155,600 3,823,154 3,027,976 AMERIKING, INC. 375 405,000 - AMERIPRISE FINANCIAL, INC. 15,720 524,474 644,520 AMERISOURCEBERGEN CORPORATION 354,600 12,997,400 14,680,440 AMERITRADE, INC. 32,200 434,075 772,800 AMERON INTERNATIONAL CORP. 25,900 590,701 1,180,522 AMERUS LIFE HOLDINGS, INC. 28,500 738,848 1,615,095 AMETEK, INC. 32,250 422,781 1,371,915 AMGEN, INC. 439,902 29,759,160 34,690,672 AMIS HOLDINGS, INC. 93,790 1,084,615 998,864 AMN HEALTHCARE SERVICES, INC. 214,310 3,120,369 4,239,052 AMPHENOL CORP. 37,400 1,588,629 1,655,324 AMR CORP. 138,400 2,295,424 3,076,632 AMSOUTH BANCORP 22,400 575,448 587,104 AMSURG CORP. 71,000 1,815,227 1,623,060 AMYLIN PHARMACEUTICALS, INC. 103,720 2,349,373 4,140,502 ANADARKO PETROLEUM CORPORATION 21,600 1,260,039 2,046,600 ANGLOGOLD ASHANTI LTD. A.D.R. 39,612 1,315,515 1,954,060 ANIMAS CORPORATION 91,000 1,770,819 2,197,650 ANNTAYLOR STORES CORPORATION 69,450 2,067,286 2,397,414 ANSYS INC. 17,650 755,438 753,479

B-24 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

ANTHRACITE CAPITAL, INC. 140,400$ 1,691,311 $ 1,478,412 ANWORTH MORTGAGE ASSET CORPORATION 122,200 1,042,884 892,060 AON CORP. 695,975 22,949,024 25,020,301 APACHE CORP. 65,500 3,119,983 4,488,060 * APOGEE ENTERPRISES, INC. 106,800 895,262 1,732,296 APOLLO GROUP, INC. 261,600 18,961,069 15,816,336 APOLLO INVESTMENT CORP. 61,910 910,335 1,110,046 APPLE COMPUTER, INC. 281,400 10,501,547 20,229,846 APPLERA CORPORATION (BIOSYSTEMS) 137,900 3,053,709 3,662,624 APPLERA CORPORATION (GENOMICS) 162,500 2,027,231 1,781,000 APPLIED MATERIALS INC. 614,600 10,796,947 11,025,924 APRIA HEALTHCARE 70,600 2,318,652 1,702,166 APTIMUS, INC. 76,200 1,243,396 601,980 AQUANTIVE, INC. 128,590 1,906,594 3,245,612 ARBITRON, INC. 28,900 1,228,673 1,097,622 ARBOR REALTY TRUST INCORPORATED 110,835 2,485,351 2,872,843 ARCH CAPITAL GROUP LTD. 87,410 3,554,354 4,785,698 ARCH COAL, INC. 29,260 1,634,152 2,326,170 * ARCHER-DANIELS-MIDLAND CO. 335,200 7,539,420 8,266,032 ARCHSTONE-SMITH OPERATING TRUST 49,400 1,656,284 2,069,366 ARCTIC CAT INC. 50,700 1,218,979 1,017,042 ARGONAUT GROUP INC. 31,014 989,535 1,016,329 ARIAD PHARMACEUTICALS, INC. 389,200 2,425,165 2,276,820 ARIES MARITIME TRANSPORT LIMITED 115,000 1,437,500 1,508,800 ARKANSAS BEST CORPORATION 60,300 2,058,127 2,633,904 ARLINGTON TANKERS LTD. 90,500 2,022,196 1,968,375 ARMOR HOLDINGS, INC. 39,000 1,620,955 1,663,350 ARRAY BIOPHARMA INC. 226,800 1,684,179 1,589,868 ARRIS GROUP INC. 68,250 385,253 646,328 ARTHROCARE CORPORATION 40,260 1,610,646 1,696,556 ARVINMERITOR, INC. 178,800 3,046,989 2,572,932 ASE TEST LTD. 118,450 836,329 929,833 ASPEN INSURANCE HOLDINGS LIMITED 74,510 1,966,873 1,763,652 ASSURANT, INC. 125,200 4,481,291 5,444,948 ASTEC INDUSTRIES, INC. 26,220 744,308 856,345 ASTORIA FINANCIAL CORP. 226,150 5,587,170 6,648,810 ASTRA ZENECA A.D.R. 62,700 2,565,843 3,047,220 ASYST TECHNOLOGIES, INC. 260,000 1,131,076 1,487,200 AT&T CORP. 591,000 15,518,466 14,473,590 ATARI INC. 266,700 755,482 288,036 ATHEROGENICS, INC. 55,800 900,532 1,116,558 ATMI, INC. 27,410 807,977 766,658 AUDIOVOX CORP. 495,000 6,745,866 6,860,700 AUSTRALIAN GAS LIGHT COMPANY (THE) 53,000 1,974,333 1,844,930 AUTODESK, INC. 5,900 66,544 253,287 AUTOLIV, INC. 50,400 2,081,213 2,289,168 AUTOMATIC DATA PROCESSING, INC. 53,960 2,314,978 2,476,764 * AUTONATION, INC. 183,100 3,808,558 3,978,763 AUTOZONE, INC. 122,350 10,942,857 11,225,613 * AVALON BAY COMMUNITIES, INC. 8,600 700,623 767,550 AVAYA INC. 199,400 2,225,925 2,127,598 AVISTA CORP. 389,200 6,274,196 6,892,732 AVNET, INC. 54,100 772,635 1,295,154 AXCELIS TECHNOLOGIES INC. 863,500 4,077,755 4,118,895 AZTAR CORPORATION 76,200 2,560,106 2,315,718 BANCO BRADESCO A.D.R. 47,450 360,688 1,383,168 BANCOLUMBIA S.A. A.D.R. 121,900 2,910,279 3,514,377 BANDAG INCORPORATED 13,075 452,197 557,910 BANK MAT POLSKI AG A.D.R 51,300 603,881 543,780 BANK OF AMERICA CORPORATION 1,793,828 71,536,454 82,785,162

B-25 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

BANKATLANTIC BANCORP, INC. 149,500$ 1,260,548 $ 2,093,000 BANKRATE, INC. 16,220 460,138 478,814 BANKUNITED FINANCIAL CORP. 81,825 1,847,026 2,174,090 * BANTA CORP. 62,690 1,906,354 3,121,962 BARD (C.R.), INC. 51,000 3,339,190 3,361,920 BARNES & NOBLE, INC. 309,500 11,258,527 13,206,365 BARR LABORATORIES INC. 43,500 1,641,174 2,709,615 BASIC ENERGY SERVICES, INC. 105,490 2,288,886 2,104,526 BAXTER INTERNATIONAL, INC. 115,200 3,759,529 4,337,280 BB&T CORP. 19,583 680,203 820,724 BEA SYSTEMS, INC. 23,300 195,655 219,020 BEACON ROOFING SUPPLY, INC. 129,550 2,926,358 3,721,972 BEAR, STEARNS & CO. INC. 35,500 3,073,490 4,101,315 BEAZER HOMES USA, INC. 31,600 1,954,985 2,301,744 BECTON DICKINSON & COMPANY 109,070 4,741,240 6,552,926 BED BATH & BEYOND, INC. 91,470 3,640,433 3,306,641 BELDEN, INC. 56,000 1,098,775 1,368,080 BELLSOUTH CORP. 154,100 4,336,912 4,176,110 BEST BUY CO., INC. 99,000 4,621,195 4,304,520 BIG 5 SPORTING GOODS CORPORATION 89,130 1,481,463 1,951,056 BIO RAD LABS, INC. 33,500 1,890,470 2,192,240 BIOSITE INCORPORATED 40,500 2,214,786 2,279,745 BISYS GROUP, INC. 137,000 2,165,994 1,919,370 BJ SERVICES COMPANY 28,500 914,056 1,045,095 BJ'S WHOLESALE CLUB INC. 32,700 978,264 966,612 BLACK & DECKER CORPORATION 25,900 1,360,123 2,252,264 BLACK HILLS CORPORATION 22,000 561,081 761,420 BLACKBAUD, INC. 18,612 223,371 317,893 BLOUNT INTERNATIONAL, INC. 135,500 2,293,132 2,158,515 BLUE COAT SYSTEMS, INC. 23,330 1,117,612 1,066,648 BLYTH INC. 43,900 1,332,348 919,705 BMB MUNAI, INC. 24,400 156,471 165,920 BMC SOFTWARE, INC. 511,500 9,556,931 10,480,635 * BOEING COMPANY (THE) 388,300 21,685,002 27,274,192 BORDERS GROUP, INC. 69,200 1,549,459 1,499,564 BORG WARNER AUTOMOTIVE, INC. 12,200 737,731 739,686 BOSTON PRIVATE FINANCIAL HOLDINGS, INC. 38,650 848,550 1,175,733 BOWATER INC. 67,800 3,163,398 2,082,816 BOYD GAMING CORPORATION 34,100 1,379,915 1,625,206 BP AMOCO A.D.R. 113,450 7,034,230 7,285,759 BRIGHT HORIZONS FAMILY SOLUTIONS 38,300 1,148,707 1,419,015 BRIGHTPOINT, INC. 81,520 1,764,283 2,260,550 BRINKER INTERNATIONAL, INC. 114,700 4,360,386 4,434,302 BRINK'S INCORPORATED 68,300 2,382,311 3,272,253 BRISTOL WEST HOLDINGS, INC. 41,200 839,159 784,036 BRISTOL-MYERS SQUIBB COMPANY 518,550 11,851,186 11,916,279 BROADCOM CORP. 141,700 5,030,207 6,681,155 BROCADE COMMUNICATIONS 127,200 512,911 517,704 BRONCO DRILLING COMPANY, INC. 53,900 1,262,084 1,240,239 BROOKFIELD ASSET MANAGEMENT INC. 36,900 1,518,207 1,857,177 BROOKLINE BANCORP, INC. 127,450 1,630,750 1,805,967 BROOKS AUTOMATION, INC. 68,709 990,878 860,924 BUCYRUS INTERNATIONAL, INC. 78,320 3,176,497 4,127,464 BUNGE LIMITED 189,550 10,263,276 10,730,426 BURLINGTON NORTHERN SANTA FE CORPORATION 151,200 5,139,387 10,707,984 BURLINGTON RESOURCES, INC. 157,600 6,494,749 13,585,120 C. H. ROBINSON WORLDWIDE, INC. 55,940 1,268,035 2,071,458 CABLEVISION SYSTEMS CORP. 9,600 300,374 225,312 CABOT OIL & GAS CORPORATION 264,820 8,143,985 11,943,382 * CADBURY SCHWEPPS PLC A.D.R. 253,600 9,935,866 9,710,344

B-26 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

CALAMOS ASSET MANAGEMENT, INC. 26,030$ 748,420 $ 818,644 CALIFORNIA PIZZA KITCHEN, INC. 124,450 3,808,374 3,978,667 CAPITAL LEASE FUNDING, INC. 68,200 717,805 718,146 CAPITAL ONE FINANCIAL CORP. 201,100 14,553,451 17,375,040 CAPITAL SENIOR LIVING CORPORATION 109,000 676,682 1,127,060 CAPITAL TRUST, INC. 39,128 1,249,008 1,145,668 CARDINAL HEALTH, INC. 146,480 9,706,371 10,070,500 CAREER EDUCATION CORPORATION 9,500 315,121 320,340 CAREMARK RX, INC. 93,500 2,757,989 4,842,365 CARLISLE COMPANIES, INC. 32,800 2,087,010 2,268,120 CARMAX GROUP 132,590 4,007,146 3,670,091 CARNIVAL CORP. 219,700 10,842,624 11,747,359 CARPENTER TECHNOLOGY CORPORATION 50,700 2,156,116 3,572,829 CARTER HOLDINGS, INC. 18,650 1,056,243 1,097,553 CASCADE MACROTECH, INC. 73,000 1,026,709 921,990 CASEY'S GENERAL STORES INCORPORATED 36,490 848,776 904,952 CASH AMERICA INTERNATIONAL INC. 94,500 1,968,044 2,191,455 CASH SYSTEMS INC. 253,200 1,963,947 2,220,564 CASUAL MALE RETAIL GROUP, INC. 259,100 1,612,434 1,588,283 CATALINA MARKETING CORP. 29,200 640,078 740,220 CATERPILLAR INC. 70,900 4,119,325 4,095,893 CB RICHARD ELLIS GROUP, INC. 41,570 1,809,930 2,446,395 CBIZ, INC. 275,600 1,317,121 1,659,112 CBRL GROUP, INC. 19,575 535,553 688,061 CCE SPINCO, INC. 26,300 318,204 344,530 CDW CORPORATION 41,640 2,466,475 2,397,631 CEC ENTERTAINMENT, INC. 51,750 1,963,734 1,761,570 CEDAR SHOPPING CENTERS, INC. 54,400 760,784 765,408 CELGENE CORPORATION 66,500 2,862,237 4,309,200 CEMEX A.D.R. 22,956 564,214 1,361,979 * CENDANT CORPORATION 204,100 4,234,637 3,520,725 CENTERPOINT ENERGY, INC. 166,800 2,137,102 2,143,380 CENTEX CORP. 32,300 1,613,446 2,309,127 CENTRAL EUROPEAN MEDIA ENTERPRISES LTD. 27,349 1,311,149 1,583,507 CENTRAL GARDEN & PET COMPANY 37,785 1,762,119 1,735,843 CENTURY TELEPHONE ENTERPRISES, INC. 179,600 5,948,444 5,955,536 CERADYNE INCORPORATED 20,710 744,745 907,098 CERNER CORPORATION 26,700 2,183,437 2,427,297 CHAMPION ENTERPRISES, INC. 85,000 318,678 1,157,700 CHAPARRAL STEEL COMPANY 27,900 510,434 843,975 CHARMING SHOPPES, INC. 147,500 1,330,437 1,939,625 CHECKFREE CORP. 104,600 4,636,171 4,801,140 CHECKPOINT SOFTWARE, INC. 92,759 2,183,237 1,860,746 CHECKPOINT SYSTEMS, INC. 115,100 2,007,974 2,837,215 CHEESECAKE FACTORY INCORPORATED (THE) 59,900 1,830,214 2,239,661 CHEMED CORPORATION 106,130 4,273,834 5,272,538 CHEMTURA CORP. 41,400 393,982 525,780 CHENIERE ENERGY, INC. 25,170 883,371 936,827 CHEVRONTEXACO CORP. 533,170 29,457,356 30,268,061 CHICAGO MERCANTILE EXCHANGE HOLDINGS 31,000 6,481,383 11,392,190 CHICOS FAS, INC. 56,900 1,182,263 2,499,617 CHINA PETROLEUM & CHEMICAL CORPORATION 3,500 151,753 173,600 * CHIQUITA BRANDS INTERNATIONAL, INC. 28,500 401,177 570,285 CHIRON CORP. 5,200 228,382 231,088 CHOICEPOINT INC. 76,700 3,286,744 3,413,917 CHORDIANT SOFTWARE, INC. 478,550 1,234,514 1,253,801 CHUBB CORP. 6,400 572,605 624,960 CHUNGHWA TELECOM CO., LTD. 51,400 952,109 943,190 CIA BRAZIL 2,300 69,000 75,670 CIA ENERGETICA MINAS A.D.R. 1 21 41

B-27 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

CIGNA CORPORATION 184,400$ 14,113,519 $ 20,597,480 CINCINNATI FINANCIAL CORP. 107,010 4,266,065 4,781,207 CINERGY CORP. 7,500 314,315 318,450 CIRCUIT CITY GROUP 32,300 493,202 729,657 CISCO SYSTEMS, INC. 757,262 14,452,799 12,964,325 CIT GROUP INC. 411,975 16,333,886 21,332,066 CITIGROUP INC. 1,656,152 70,270,359 80,373,057 CITIZENS COMMUNICATIONS COMPANY 255,700 2,905,788 3,127,211 CITRIX SYSTEMS, INC. 111,001 2,492,555 3,189,059 CITY HOLDING COMPANY 29,700 1,075,443 1,067,715 CITY MAIN STREET TECHNOLOGIES, INC. 100 1 1 CITY NATIONAL CORPORATION 17,200 1,057,177 1,245,968 CLAIRE'S STORES, INC. 44,100 521,421 1,288,602 CLEAR CHANNEL COMMUNICATIONS, INC. 210,400 7,365,279 6,617,080 CLECO CORPORATION 147,000 2,788,974 3,064,950 CLEVELAND-CLIFFS INC. 33,690 2,020,616 2,983,923 CMS ENERGY CORP. 178,100 2,715,550 2,584,231 CNA FINANCIAL CORP. 45,700 1,064,742 1,495,761 CNET NETWORKS, INC. 91,360 865,040 1,342,078 * CNF INC. 72,600 3,491,030 4,057,614 CNX GAS CORPORATION 71,820 1,162,525 1,490,265 COACH INC. 5,000 75,185 166,700 * COCA-COLA COMPANY 528,990 24,160,490 21,323,587 * COCA-COLA ENTERPRISES, INC, 26,700 556,333 511,839 * COCA-COLA FEMSA, S.A. A.D.R. 264,300 5,689,576 7,138,743 COGENT, INC. 66,533 1,849,060 1,508,968 COGNEX CORP. 30,180 917,449 908,116 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION 44,900 1,085,559 2,257,123 COGNOS INCORPORATED 43,190 1,597,907 1,499,125 * COHEN & STEERS, INC. 85,900 1,577,428 1,600,317 COHU, INC. 61,100 1,092,251 1,397,357 COLDWATER CREEK, INC. 103,245 1,597,917 3,152,070 COLGATE-PALMOLIVE CO. 122,000 6,393,412 6,691,700 COLONIAL BANCGROUP INC. 47,300 544,675 1,126,686 COMCAST CORP. - CLASS A 94,900 2,917,725 2,459,808 COMCAST CORP. - CLASS A SPECIAL 141,700 4,190,685 3,640,273 COMERICA, INC. 350,975 20,411,448 19,921,341 COMMERCE BANCORP, INCORPORATED 450,900 14,663,246 15,515,469 COMMERCE GROUP INC. 76,100 3,356,128 4,359,008 COMMERCIAL CAPITAL BANCORP INC. 227,287 2,981,890 3,891,153 COMMERCIAL INTERNATIONAL BANK 14,800 87,840 146,224 COMMERCIAL INTERNATIONAL BANK OF EGYPT A.D.R. 26,500 80,996 270,963 COMMSCOPE, INC. 193,600 3,586,785 3,897,168 COMPANHIA BRASILEIRA DE DISTRIBUICAO A.D.R. 31,000 795,730 1,019,900 COMPANHIA DE BEBIDAS DAS AMERICA 7,633 83,623 249,599 COMPANHIA DE SANEAMENTO BASICO A.D.R. 22,200 235,523 374,514 COMPANIA DE MINAS BUENAVENTURA A.D.R. 13,389 365,607 378,909 COMPASS MINERALS INTERNATIONAL, INC. 47,000 1,137,543 1,153,380 COMPUTER ASSOCIATES INTERNATIONAL, INC. 303,986 8,440,462 8,569,365 COMPUTER SCIENCES CORPORATION 315,950 14,564,559 15,999,708 COMSTOCK RESOURCES INC. 102,850 2,627,570 3,137,954 COMVERSE TECHNOLOGY 230,000 4,504,671 6,115,700 CONMED CORPORATION 13,175 199,473 311,721 CONOCOPHILLIPS 358,622 13,589,045 20,864,628 CONSECO, INC. 77,400 1,640,384 1,793,358 CONSOLIDATED COMMUNICATIONS, INC. 59,200 789,934 769,008 CONSTELLATION BRANDS, INC. 212,000 3,944,254 5,560,760 CONSTELLATION ENERGY GROUP 29,300 1,585,366 1,687,680 CONTINENTAL AIRLINES, INC. 76,740 1,042,663 1,634,562 CONVERGYS CORPORATION 208,500 2,977,544 3,304,725

B-28 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

COOPER CAMERON CORP. 45,600$ 1,815,878 $ 1,887,840 COOPER COMPANIES, INC. 72,300 4,255,781 3,708,990 COOPER INDUSTRIES, INC. 136,150 9,653,750 9,938,950 * COOPER TIRE & RUBBER CO. 89,300 1,775,452 1,368,076 COPART, INC. 45,300 1,179,290 1,044,618 CORINTHIAN COLLEGES, INC. 293,500 4,096,605 3,454,495 CORNING, INC. 57,000 687,283 1,120,620 CORPORATE EXECUTIVE BOARD COMPANY 92,640 6,457,827 8,309,808 CORRECTIONS CORP. OF AMERICA 81,230 3,136,752 3,652,913 COSI INC. 90,000 744,775 747,000 COST PLUS, INC. 18,800 391,094 322,420 COSTCO COMPANIES, INC. 75,500 3,117,869 3,734,985 COUNTRYWIDE FINANCIAL CORP. 323,100 10,538,102 11,046,789 COVANCE, INC. 144,380 5,850,762 7,009,649 CRANE & CO., INC. 126,200 2,998,769 4,451,074 CREDENCE SYSTEMS CORP. 392,800 3,573,232 2,733,888 CREDICORP LTD. 39,188 1,055,153 893,095 CRESCENT REAL ESTATE EQUITIES, INC. 165,900 3,351,033 3,288,138 CROWN CASTLE INTERNATIONAL 259,120 5,917,118 6,972,919 CROWN HOLDINGS, INC. 3,700 59,489 72,261 CSF HOLDINGS, INC. 3,026 23 23 CSG SYSTEMS INTERNATIONAL, INC. 144,320 2,760,387 3,221,222 CSK AUTO CORP. 165,600 2,340,037 2,497,248 CSX CORP. 323,700 14,642,428 16,434,249 CTRIP.COM INTERNATIONAL LTD. 11,900 703,591 687,225 CUBIST PHARMACEUTICALS INC. 83,040 1,430,150 1,763,770 CUMMINS ENGINE COMPANY, INC. 45,800 3,230,427 4,109,634 CV THERAPEUTICS, INC. 149,810 3,400,271 3,704,801 CVS CORPORATION 677,200 17,552,937 17,891,624 CYMER, INC. 56,600 1,740,735 2,009,866 DADE BEHRING INC. 46,400 1,117,169 1,897,296 DANA CORPORATION 1,105,800 11,264,529 7,939,644 * DANAHER CORPORATION 15,006 683,233 837,035 DARDEN RESTAURANTS INC. 82,000 2,535,897 3,188,160 DATASCOPE CORPORATION 32,200 1,036,747 1,064,210 DAVITA, INC. 3,100 118,116 156,984 DEALERTRACK HOLDINGS, INC. 17,510 297,670 367,360 DECKERS OUTDOOR CORPORATION 15,700 392,966 433,634 DEL MONTE FOODS COMPANY 142,600 1,616,573 1,487,318 DELL COMPUTER 482,882 15,407,967 14,462,316 DELPHI CORPORATION 47,300 1,935,652 2,176,273 DELTA & PINE LAND CO. 53,450 1,158,089 1,229,885 DENBURY RESOURCES INC. 167,500 2,148,462 3,815,650 DEUTSCHE TELEKOM AG 438,000 8,258,653 7,283,940 DEVON ENERGY CORP. 157,800 7,786,765 9,868,812 DIAGEO PLC A.D.R. 57,300 3,107,880 3,340,590 DIAMOND FOODS, INC. 103,608 2,049,455 2,048,330 DIAMOND ROCK HOSPITALITY CO. 83,000 909,511 992,680 DIAMONDCLUSTER INTERNATIONAL, INC. 79,800 522,405 633,612 DIAMONDROCK HOSPITALITY COMPANY 28,200 283,128 337,272 DICK'S SPORTING GOODS, INC. 61,800 1,922,661 2,054,232 DIGENE CORPORATION 112,620 3,323,552 3,285,125 DIGITAL INSIGHT CORPORATION COMPANY 36,170 888,728 1,158,163 DIGITAS, INC. 89,200 536,849 1,116,784 DILLARD'S, INC. 571,000 11,949,891 14,172,220 DIODES INC. 27,650 489,982 858,533 DIONEX CORPORATION 8,575 275,778 420,861 DIRECTED ELECTRONICS, INC. 46,620 701,366 670,862 DIRECTTV GROUP INC. 95,600 1,622,344 1,349,872 DISCOVERY LABORATORIES, INC. 220,800 1,791,872 1,474,944

B-29 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

DOLLAR TREE STORES, INC. 82,200$ 1,859,969 $ 1,967,868 DOMINION RESOURCES, INC. 33,800 2,634,732 2,609,360 DOMTAR INC. 557,700 3,054,529 3,223,506 DONNELLEY (R.R.) & SONS CO. 22,100 1,407,597 1,361,802 DOT HILL SYSTEMS CORPORATION 234,500 1,192,008 1,625,085 DOW CHEMICAL CO. 62,200 2,197,814 2,725,604 DR. REDDY'S LAB LTD. 57,200 1,015,724 1,235,520 DRESS BARN, INC. 65,520 1,550,270 2,529,727 DREW INDUSTRIES INC. 106,560 1,969,217 3,003,926 DSW INC. 69,950 1,742,881 1,834,089 DTE ENERGY CO. 68,300 3,186,757 2,949,877 DTS, INC. 105,600 1,780,390 1,562,880 * DU PONT (E.I.) DE NEMOURS AND COMPANY 85,500 4,067,052 3,633,750 DUKE ENERGY CORP. 144,400 3,878,873 3,963,780 DUN & BRADSTREET CORPORATION (THE) 38,200 2,437,432 2,557,872 DURATEK, INC. 32,800 528,696 489,704 E PLUS, INC. 28,610 279,667 393,674 E*TRADE FINANCIAL CORP. 321,900 5,178,691 6,714,834 EAGLE MATERIALS INC. 27,090 2,361,820 3,314,732 EARLE M. JORGENSEN HOLDING CO., INC. 60,900 535,653 562,107 EARTHLINK, INC. 551,942 4,731,236 6,132,076 EAST WEST BANCORP, INC. 129,260 2,564,967 4,716,697 EASTMAN CHEMICAL COMPANY 43,100 1,848,890 2,223,529 EASTMAN KODAK CO. 88,100 2,333,304 2,061,540 EATON VANCE CORP. 131,300 2,654,647 3,592,368 EBAY, INC. 837,100 27,988,569 36,179,462 EDDIE BAUER HOLDINGS, INC. 223,000 4,739,175 3,289,250 EDISON INTERNATIONAL 68,300 1,575,919 2,978,563 EDO CORPORATION 224,200 6,567,847 6,066,852 EDUCATION MANAGEMENT CORP. 2,900 101,484 97,179 EDUCATION REALTY TRUST, INC. 184,300 2,942,947 2,375,627 EDWARDS LIFE SCIENCES CORP. 57,550 2,153,044 2,394,656 EFJ, INC. 247,400 2,002,051 2,511,110 EGL, INC. 39,000 665,017 1,465,230 EL PASO ELECTRIC COMPANY 36,500 767,730 767,960 ELECTRO RENT CORPORATION 52,200 715,764 778,302 ELECTRONIC ARTS, INC. 428,300 24,108,107 22,404,373 ELECTRONIC DATA SYSTEMS CORP. 75,500 1,666,436 1,815,020 ELECTRONICS FOR IMAGING, INC. 30,060 838,539 799,897 ELI LILLY AND COMPANY 56,000 2,944,541 3,169,040 ELIZABETH ARDEN INC. 139,000 2,812,189 2,788,340 EMBOTELLADORA ANDINA A.D.R. 150,850 920,127 2,073,346 EMBRAKER EMPRESA BRASILEIRA DE AERO. A.D.R. 21,580 485,115 843,778 EMC CORPORATION 172,355 4,474,725 2,347,475 * EMCOR GROUP, INC. 18,300 821,883 1,235,799 * EMERSON ELECTRIC CO. 60,700 4,063,627 4,534,290 EMMIS COMMUNICATIONS CORP. 9,100 186,448 181,181 EMULEX CORPORATION 9,200 185,461 182,068 ENCORE ACQUISITION COMPANY 62,750 1,704,066 2,010,510 ENCORE WIRE CORPORATION 28,025 307,540 637,849 ENCYSIVE PHARMACEUTICALS, INC. 472,780 5,039,554 3,730,234 ENDO PHARMACEUTICALS, INC. 62,240 1,636,123 1,883,382 ENDOLOGIX INC. 130,930 804,173 903,417 ENERGEN CORPORATION 93,000 2,609,583 3,377,760 ENERGIZER HOLDINGS, INC. 9,800 404,465 487,942 ENERGY CONVERSION DEVICES, INC. 42,220 1,462,147 1,720,465 ENERGY PARTNERS, LTD. 106,250 2,092,203 2,315,188 ENTERGY CORPORATION 194,250 14,203,965 13,335,263 ENTERTAINMENT PROPERTIES TRUST 45,600 1,923,439 1,858,200 ENTRUST, INC. 176,300 1,018,809 853,292

B-30 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

EQUIFAX, INC. 41,600$ 1,009,254 $ 1,581,632 EQUINIX, INC. 132,320 5,035,718 5,393,363 EQUITY OFFICE PROPERTIES TRUST 19,600 574,392 594,468 ERESEARCH TECHNOLOGY, INC. 188,490 2,735,799 2,846,199 ERICSSON CO. 317,800 9,161,856 10,932,320 ESSEX CORPORATION 106,700 1,939,616 1,819,235 EURONET WORLDWIDE, INC. 122,140 3,110,343 3,395,492 EVERGREEN SOLAR, INC. 113,290 731,560 1,206,539 EXCEL TECHNOLOGY INC. 73,425 1,486,122 1,746,047 EXELIXIS, INC. 242,150 1,972,626 2,281,053 * EXELON CORPORATION 274,958 8,930,881 14,611,268 EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. 180,490 9,759,413 12,184,880 EXPRESS SCRIPTS INC. 109,200 6,522,178 9,150,960 EXPRESSJET HOLDINGS, INC. 137,000 1,527,426 1,108,330 * EXXON MOBIL CORPORATION 1,060,994 49,614,254 59,596,033 F5 NETWORKS, INC. 96,370 4,436,553 5,511,400 FAIR ISSAC & COMPANY, INC. 44,500 1,744,534 1,965,565 FAIRCHILD SEMICONDUCTOR CORPORATION 112,400 1,969,601 1,900,684 FAIRPOINT COMMUNICATIONS, INC. 241,500 3,800,193 2,501,940 FANNIE MAE 378,927 23,778,326 18,495,427 FASTENAL CO. 125,960 3,944,606 4,928,815 FBL FINANCIAL GROUP, INC. 28,900 598,780 948,209 FEDERATED DEPARTMENT STORES 191,616 11,402,787 12,709,889 FEDERATED INVESTORS, INC. 69,020 2,344,176 2,556,501 FIDELITY NATIONAL FINANCIAL, INC. 71,147 1,751,191 2,617,498 FIDELITY NATIONAL TITLE INSURANCE COMPANY 11,418 264,898 278,028 FINLAY ENTERPRISES, INC. 28,600 451,936 279,994 FIRST ADVANTAGE CORPORATION 108,480 3,095,419 2,897,501 FIRST AMERICAN CORPORATION 2,900 119,848 131,370 FIRST CASH FINANCIAL SERVICES, INC. 83,100 2,178,250 2,423,196 FIRST COMMUNITY BANCORP 11,150 346,320 606,226 FIRST DATA CORPORATION 362,764 14,215,180 15,602,480 FIRST FINANCIAL HOLDINGS, INC. 48,825 581,170 698,735 FIRST HORIZON PHARMACEUTICAL CORP. 15,300 286,747 263,925 FIRST INDUSTRIAL REALTY TRUST, INC. 21,500 882,504 827,750 FIRST NIAGARA FINANCIAL GROUP, INC. 55,206 703,232 798,831 FIRST REPUBLIC BANK 49,500 1,706,331 1,831,995 FIRST STATE BANCORPORATION 72,100 1,554,106 1,729,679 FIRSTENERGY CORP. 52,200 2,633,769 2,557,278 FIRSTFED FINANCIAL CORP. 40,200 2,196,223 2,191,704 FLAGSTAR BANCORP, INC. 69,000 1,382,617 993,600 FLEETWOOD ENTERPRISES, INC. 102,700 843,934 1,268,345 FLIR SYSTEMS, INC. 178,400 4,253,341 3,983,672 FLORIDA EAST COAST INDUSTRIES, INC. 33,300 1,455,865 1,410,921 * FLOWERS FOOD, INC. 51,450 928,384 1,417,962 FMC CORPORATION 3,700 187,780 196,729 FOMENTO ECONOMICO MEXICANO, S.A. 67,895 3,008,282 4,923,066 * FORD MOTOR COMPANY 222,900 3,355,095 1,720,788 FORMFACTOR INC. 58,900 1,554,745 1,438,927 * FORTUNE BRANDS, INC. 67,900 4,967,172 5,297,558 FORWARD AIR CORPORATION 70,580 2,142,662 2,586,757 FOUNDATION COAL HOLDINGS, INC. 27,990 1,058,697 1,063,620 FOUNDRY NETWORKS, INC. 299,110 3,658,510 4,130,709 FPL FINANCIAL GROUP, INC. 45,100 2,052,955 1,874,356 FRANKLIN BANK, N.A. 171,625 2,841,117 3,087,534 FREDDIE MAC CORP. 350,241 21,124,710 22,888,249 FREEPORT-MCMORAN COPPER & GOLD, INC. 60,900 3,367,295 3,276,420 FREESCALE SEMICONDUCTOR, INC. 73,148 1,524,296 1,841,135 FREIGHTCAR AMERICA, INC. 48,500 1,914,264 2,331,880 FREMONT GENERAL CORP. 57,700 434,540 1,340,371

B-31 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

FRIEDMAN'S INC. 32,300$ 303,479 $ 319,770 FRONTIER AIRLINES INC. 35,200 394,284 325,248 FRONTIER OIL CORPORATION 31,140 1,160,049 1,168,684 FTI CONSULTING INC. 43,390 1,110,558 1,190,622 FULLER (H.B.) COMPANY 61,600 2,017,664 1,975,512 FURNITURE BRANDS INTERNATIONAL, INC. 40,000 864,087 893,200 GAIL INDIA LTD. G.D.R. 16,500 197,715 584,628 GAMESTOP CORP 61,660 1,795,660 1,781,974 GAMESTOP CORP. - CLASS B 107,480 2,867,038 3,420,014 GANNETT COMPANY, INC. 14,100 1,179,078 854,037 GAP INC. 118,300 2,926,582 2,086,812 GARDNER DENVER MACHINERY, INC. 47,490 1,317,909 2,341,257 GARTNER, INC. 28,600 320,769 368,940 GATX CORP. 64,400 2,633,030 2,323,552 GAZPROM GAS COMPANY 59,841 2,145,968 4,293,592 GAZPROM GAS COMPANY - CLASS S 2,294 129,246 164,480 GENENTECH, INC. 403,920 22,886,113 37,362,600 GENERAL CABLE CORPORATION 75,900 699,402 1,495,230 * GENERAL DYNAMICS COMPANY 34,400 3,203,242 3,923,320 * GENERAL ELECTRIC COMPANY 1,634,471 60,012,585 57,288,209 GENERAL GROWTH PROPERTIES, INC. 137,930 2,474,325 6,481,331 GENERAL MILLS INC. 119,700 5,730,926 5,903,604 GENESCO INC. 39,660 1,000,750 1,538,411 GENTEX CORP. 33,900 666,209 661,050 GERBER SCIENTIFIC, INC. 115,600 1,010,260 1,106,292 GETTY IMAGES, INC. 22,830 1,333,265 2,038,034 GILDAN ACTIVEWARE INC. 48,400 844,261 2,073,940 GILEAD SCIENCES INC. 159,400 6,785,608 8,379,658 GLOBAL CASH ACCESS HOLDINGS, INC. 104,130 1,475,443 1,519,257 GLOBAL IMAGING SYSTEMS, INC. 127,275 3,119,835 4,407,533 GLOBAL PAYMENTS, INC. 95,800 2,230,534 4,465,238 GOL LINHAS AEREAS INELEGENTES SA CO. A.D.R. 144,860 2,122,247 4,086,501 GOLD KIST INC. 103,400 1,680,774 1,545,830 GOLDEN WEST FINANCIAL CORP. 91,800 2,993,795 6,058,800 * GOLDMAN SACHS GROUP, INC. (THE) 59,000 6,026,957 7,534,890 GOODRICH (B.F.) COMPANY 109,800 4,635,872 4,512,780 GOODYEAR TIRE & RUBBER COMPANY 844,800 13,329,145 14,682,624 GOOGLE INC. 121,100 35,432,709 50,239,546 GRACO, INC. 39,200 1,383,930 1,430,016 GRAFTECH INTERNATIONAL LTD. 330,100 2,354,357 2,053,222 GRANT PRIDECO, INC. 30,000 1,344,781 1,323,600 GRAY TELEVISION, INC. 198,900 2,232,785 1,953,198 GREATER BAY BANCORP 28,900 609,692 740,418 GREENHILL & CO. 13,700 469,364 769,392 GRIFFON CORP. 28,300 494,453 673,823 GROUP 1 AUTOMOTIVE INC. 59,500 1,695,886 1,870,085 GROUPO AEROPORTUARIO DEL SURESTE A.D.R. 129,120 4,807,789 4,175,741 GRUPO TELEVISA A.D.R. 12,152 507,210 978,236 GUESS INC. 30,210 715,199 1,075,476 GUIDANT CORP. 14,600 1,045,876 945,350 GULFMARK OFFSHORE, INC. 40,300 582,792 1,193,686 GYMBOREE CORP. 182,120 2,683,201 4,261,608 HALLIBURTON CO. 348,750 17,677,506 21,608,550 HANDLEMAN COMPANY 141,000 2,937,917 1,751,220 HANGER ORTHOPEDIC GROUP, INC. 45,368 455,313 259,051 HANOVER COMPRESSOR COMPANY 183 2,749 2,582 HANSEN NATIONAL CORPORATION 18,630 913,918 1,468,230 HARLEY-DAVIDSON, INC. 83,200 4,430,220 4,283,968 HARMAN INTERNATIONAL INDUSTRIES INC. 48,700 4,227,519 4,765,295 HARRAH'S ENTERTAINMENT, INC. 34,900 2,403,762 2,488,021

B-32 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

* HARSCO CORPORATION 47,800$ 2,726,620 $ 3,226,978 HARTE-HANK COMMUNICATIONS CO. 69,200 1,308,524 1,826,188 HARTFORD FINANCIAL SERVICES GROUP, INC. 44,300 3,208,501 3,804,927 HASBRO, INC. 109,400 2,128,154 2,207,692 HAVERTY FURNITURE COMPANIES INC. 81,500 1,120,558 1,050,535 HCA-THE HEALTHCARE COMPANY 255,800 11,938,916 12,917,900 HCC INSURANCE HOLDINGS, INC. 69,750 1,596,736 2,070,180 HEADWATERS, INC. 70,800 2,368,381 2,509,152 HEALTHEXTRAS, INC. 100,730 1,945,697 2,528,323 HEALTHTRONICS, INC. 133,820 1,684,863 1,023,723 HEARST ARGYLE TELEVISION, INC. 900 22,870 21,465 HEARTLAND PAYMENT SYSTEMS, INC. 32,420 763,365 702,217 HEICO CORP. 63,155 706,494 1,295,941 HEIDRICK & STRUGGLES INTERNATIONAL, INC. 26,890 895,939 861,825 * HEINZ (H.J.) COMPANY 8,000 302,523 269,760 HELEN OF TROY LIMITED 83,206 2,076,936 1,340,449 HELMERICH & PAYNE, INC. 24,200 1,510,949 1,498,222 HERCULES OFFSHORE, INC. 63,000 1,385,092 1,789,830 HERLEY INDUSTRIES INC. 41,900 814,532 691,769 HERMAN MILLER, INC. 20,400 617,306 575,076 HEWLETT-PACKARD CO. 2,031,200 50,237,411 58,153,256 HEXCEL CORP. 50,560 740,255 912,608 HIBBETT SPORTING GOODS, INC. 42,954 1,002,658 1,223,330 HILB ROGAL & HOBBS CO. 64,000 2,296,326 2,464,640 HINDALCO INDUSTRIES LIMITED 123,700 - 319,888 HINDALCO INDUSTRIES LIMITED G.D.R. 494,800 952,276 1,576,433 HIPS TECHNOLOGIES, INC. 263,900 2,074,230 1,498,952 HITTITE MICROWAVE CORPORATION 15,460 326,043 357,744 * HOLLINGER INTERNATIONAL INC. 199,300 2,041,689 1,785,728 HOLOGIC, INC. 16,520 324,235 626,438 HOME DEPOT, INC. 437,360 17,036,163 17,704,333 HOMEBANC CORP. 319,470 2,944,849 2,389,636 HOMESTORE, INC. 207,060 912,166 1,056,006 HONEYWELL, INC. 528,050 19,366,122 19,669,863 HOOPER HOLMES INC. 270,000 1,496,527 688,500 HORACE MANN EDUCATORS CORP. 91,500 1,519,773 1,734,840 HORNBECK OFFSHORE SERVICES, INC. 35,780 968,787 1,170,006 HOSPIRA, INC. 16,755 435,080 716,779 * HOST MARRIOTT CORP. 59,400 1,055,879 1,125,630 HOT TOPIC, INC. 134,500 2,016,646 1,916,625 HOUSTON EXPLORATION COMPANY (THE) 59,400 3,868,621 3,136,320 HOVNANIAN ENTERPRISES, INC. 173,875 6,320,932 8,631,155 HRPT PROPERTIES TRUST 116,100 1,414,551 1,201,635 HUB INTERNATIONAL LIMITED 149,650 2,271,076 3,860,970 HUGHES SUPPLY, INC. 56,500 957,573 2,025,525 HUMAN GENOME SCIENCES, INC. 235,000 2,351,243 2,011,600 HUMANA, INC. 61,400 1,479,832 3,335,862 HUNT (J.B.) TRANSPORT SERVICES, INC. 88,900 1,126,311 2,012,696 HUNTINGTON BANCSHARES, INC. 243,400 5,659,630 5,780,750 HUTCHINSON TECHNOLOGY INC. 86,000 2,682,700 2,446,700 HYDRIL CO. 5,600 108,347 350,560 HYPERCOM CORPORATION 135,780 856,305 867,634 HYPERION SOLUTIONS CORPORATION 19,650 386,447 703,863 IBM CORP. 232,442 23,206,892 19,106,732 ICIC LTD. A.D.R. 5,239 102,421 150,883 ICONIX BRAND GROUP, INC. 184,926 1,442,071 1,884,396 ICOS CORPORATION 36,210 775,188 1,000,482 IDEXX LABORATORIES, INC. 35,410 2,362,688 2,548,812 I-FLOW 95,000 1,828,562 1,388,900 IHS INC. 38,240 696,526 784,685

B-33 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

IKON OFFICE SOLUTIONS, INC. 155,000$ 1,313,021 $ 1,613,550 IMATION CORP. 83,200 2,908,150 3,833,024 IMS HEALTH, INC. 51,400 1,145,754 1,280,888 INCYTE CORPORATION 262,921 2,503,514 1,403,998 INDUS INTERNATIONAL, INC. 110,900 355,066 348,226 INDYMAC BANCORP, INC. 140,300 5,187,759 5,474,506 INFINITY PROPERTY & CASUALTY CORPORATION 40,800 1,183,181 1,518,168 INFO USA INC. 149,700 1,610,223 1,636,221 INFORMATICA CORPORATION 256,100 2,052,562 3,073,200 INFOSPACE, INC. 17,000 413,693 438,940 * INGERSOLL-RAND COMPANY 157,000 5,471,704 6,338,090 INGRAM MICRO INC. 135,000 1,821,603 2,690,550 INNOVATIVE SOLUTIONS & SUPPORT 34,300 396,652 438,354 INTEGRA LIFESCIENCES HOLDING CORPORATION 62,820 2,221,628 2,227,597 INTEGRATED DEVICE TECHNOLOGY, INC. 93,520 1,212,267 1,232,594 INTEL CORPORATION 852,730 21,181,324 21,284,141 INTERACTIVE DATA CORPORATION 62,700 1,422,025 1,423,917 INTERFACE INC. 81,550 583,081 670,341 INTERGRAPH CORPORATION 25,800 927,066 1,285,098 INTERMAGNETICS GENERAL CORPORATION 58,690 1,723,041 1,872,211 INTERNATIONAL GAME TECHNOLOGY 300,000 8,994,800 9,234,000 INTERNATIONAL RECTIFIER CORP. 51,840 1,638,767 1,653,696 INTER-TEL, INC. 63,200 1,115,437 1,236,824 INTRADO INC. 30,740 708,468 707,635 INTRALASE CORP. 68,200 1,200,865 1,216,006 INTUIT, INC. 240,440 10,289,679 12,815,452 INTUITIVE SURGICAL, INC. 16,940 1,486,050 1,986,554 INVACARE CORP. 10,000 302,187 314,900 INVERSIONES AGUAS DEL GRAN SANTIAGO A.D.R. 18,150 333,053 304,829 INVESTMENT TECHNOLOGY GROUP, INC. 89,890 2,745,767 3,185,702 INVITROGEN CORP. 30,700 2,195,433 2,045,848 IOMEGA CORPORATION 424,000 1,739,171 1,055,760 IRON MOUNTAIN INC. 57,520 2,020,625 2,428,494 IRWIN FINANCIAL CORPORATION 56,000 1,147,549 1,199,520 ITC HOLDINGS CORP. 12,600 352,130 353,934 ITRON INC. 21,790 1,036,633 872,472 ITT INDUSTRIES, INC. 18,100 1,969,548 1,861,042 ITURAN LOCATION AND CONTROL LTD. 122,490 1,683,885 1,953,716 IVAX CORP. 6,900 178,689 216,177 J.C. PENNEY COMPANY, INC. 164,200 8,294,150 9,129,520 J2 GLOBAL COMMUNICATIONS, INC. 63,700 2,429,192 2,722,538 JABIL CIRCUIT, INC. 100,840 3,049,032 3,740,156 JACKSON HEWITT TAX SERVICES, INC. 101,250 2,106,987 2,805,638 * JACOBS ENGINEERING GROUP INC. 34,820 1,884,883 2,363,233 JARDEN CORPORATION 185,260 6,369,600 5,585,589 JEFFERIES GROUP, INC. 89,700 3,231,212 4,034,706 JEFFERSON PILOT CORP. 86,700 4,290,327 4,935,831 JER INVESTMENTS LIMITED 81,125 1,439,969 1,375,069 JETBLUE AIRWAYS CORPORATION 159,300 1,960,480 2,450,034 JLG INDUSTRIES, INC. 49,180 1,181,171 2,245,559 JOHNSON & JOHNSON 422,362 21,260,672 25,383,956 JOHNSON CONTROLS, INC. 137,725 7,859,071 10,041,530 JONES LANG LASALLE INC. 22,870 1,076,896 1,151,505 JOURNAL COMMUNICATIONS, INC. 75,100 1,238,771 1,047,645 JOY GLOBAL INC. 106,350 2,253,926 4,254,000 * JP MORGAN CHASE & CO. 625,270 22,653,185 24,816,966 JSC MMC NORILSK NICKEL A.D.R. 19,431 1,149,231 1,826,767 JUNIPER NETWORKS, INC. 746,900 17,918,625 16,655,870 JUPITERMEDIA CORPORATION 150,300 2,807,421 2,221,434 KAMAN CORP. 63,600 976,036 1,252,284

B-34 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

KANSAS CITY LIFE INSURANCE COMPANY 28,500$ 1,398,446 $ 1,427,280 KENNETH COLE PRODUCTIONS, INC. 56,730 1,692,568 1,446,615 KERR-MCGEE CORP. 72,668 5,707,189 6,602,614 KEYCORP 261,169 8,230,509 8,600,295 KEYSPAN ENERGY CORP. 34,000 1,223,455 1,213,460 KEYSTONE AUTOMOTIVE INDUSTRIES INC. 179,920 3,438,390 5,663,882 KFORCE INC. 24,485 455,893 273,253 KFX INC. 124,500 1,849,342 2,133,930 KILROY REALTY CORPORATION 14,820 711,683 917,358 KIMBERLY-CLARK CORPORATION 209,900 12,593,946 12,520,535 KIMCO REALTY CORP. 162,900 2,646,329 5,225,832 * KINDER MORGAN, INC. 3,700 346,161 340,215 KINETIC CONCEPTS, INC. 26,800 1,545,433 1,065,568 KING PHARMACEUTICALS, INC. 397,000 5,166,294 6,717,240 KKR FINANCIAL CORPORATION 97,550 2,361,139 2,340,225 KMG AMERICA CORPORATION 35,200 345,479 323,136 KNBT BANCORP INC. 114,500 1,891,237 1,865,205 KNIGHT CAPITAL GROUP, INC. 152,100 1,616,294 1,504,269 * KNIGHT RIDDER, INC. 200 12,923 12,660 KNIGHT TRANSPORTATION, INC. 225,630 3,337,630 4,677,310 KOHLS CORP. 321,500 16,097,792 15,624,900 * KONINKLIJKE PHILIPS ELECTRONICS A.D.R. 161,700 3,042,258 5,028,870 KOREA ELECTRIC POWER CORPORATION A.D.R. 187,810 1,740,129 3,660,417 KT CORPORATION A.D.R. 323,064 6,381,371 6,962,029 KYPHON, INC. 131,540 4,508,572 5,370,778 L-3 COMMUNICATIONS HOLDINGS INC. 37,800 2,427,670 2,810,430 LA BARGE, INC. 29,400 409,636 422,478 LA QUINTA INNS, INC. 412,400 3,165,304 4,594,136 LA Z BOY INCORPORATED 130,400 1,881,578 1,768,224 LAM RESEARCH CORP. 7,900 263,492 281,872 LAMAR ADVERTISING CO. 59,610 2,415,779 2,749,809 LANCASTER COLONY CORP. 28,200 1,200,100 1,044,810 LANDAMERICA FINANCIAL GROUP INC. 19,900 623,655 1,241,760 LANDRY'S RESTAURANTS, INC. 102,700 2,090,925 2,743,117 * LANDSTAR SYSTEM, INC. 112,100 3,077,743 4,679,054 LASALLE HOTEL PROPERTIES 62,900 2,098,083 2,309,688 LAUREATE EDUCATION, INC. 85,170 3,743,700 4,472,277 LCA - VISION, INC. 36,250 1,653,005 1,722,238 LEADIS TECHNOLOGY INC. 245,600 1,854,039 1,264,840 LECG CORPORATION 70,510 1,436,591 1,225,464 LEHMAN BROTHERS HOLDINGS INC. 149,700 12,862,154 19,187,049 LENNAR CORP. 46,500 2,270,543 2,837,430 * LENNOX INTERNATIONAL INC. 91,630 1,927,942 2,583,966 LEVITT CORPORATION 59,375 982,247 1,350,188 LEXINGTON CORPORATE PROPERTIES TRUST 50,200 1,191,007 1,069,260 LHC GROUP, INC. 123,607 1,952,260 2,154,470 LIBERTY GLOBAL INC. - CLASS A 257,500 5,996,868 5,793,750 LIBERTY GLOBAL INC. - CLASS B 237,700 5,172,631 5,039,240 LIBERTY MEDIA INTERNATIONAL INCORPORATED 529,300 4,190,246 4,165,591 LIFE TIME FITNESS, INC. 41,160 1,407,921 1,567,784 LIFELINE SYSTEMS, INC. 68,400 2,310,093 2,500,704 LIMITED BRANDS 217,300 4,241,100 4,856,655 LIN TV CORP. 175,900 2,707,703 1,959,526 LINCARE HOLDINGS INC. 8,300 329,790 347,853 LINCOLN ELECTRIC CO. 38,300 894,729 1,518,978 LINCOLN NATIONAL CORP. 121,500 5,778,802 6,443,145 LIPMAN ELECTRONIC ENGINEERING LTD. 83,500 2,424,450 1,941,375 LITHIA MOTORS, INC. 116,500 2,375,760 3,662,760 * LOCKHEED MARTIN CORP. 124,400 7,771,884 7,915,572 LODGIAN, INC. 127,700 1,286,545 1,370,221

B-35 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

LOEWS CORPORATION 58,600$ 3,543,508 $ 5,558,210 LOEWS CORPORATION CAROLINA GROUP 87,500 3,616,043 3,849,125 LOGITECH INTERNATIONAL S.A. 80,620 2,660,142 3,770,597 LOUISIANA-PACIFIC CORPORATION 10,500 263,949 288,435 LSI LOGIC CORP. 602,200 4,897,245 4,817,600 LUBRIZOL CORP. (THE) 114,000 4,412,755 4,951,020 LUCENT TECHNOLOGIES, INC. 4,234,900 12,122,072 11,264,834 LYON WILLIAMS HOMES INC. 15,800 2,486,515 1,594,220 MAGELLAN HEALTH SERVICES, INC. 26,650 834,226 838,143 MAGNA INTERNATIONAL, INC. 200,900 13,999,382 14,460,782 MAHANGER TELEPHONE NIGAM LTD. 18,600 124,100 128,340 * MANITOWOC COMPANY, INC. 37,290 1,330,090 1,872,704 * MANPOWER INC. 50,100 2,316,305 2,329,650 MANTECH INTERNATIONAL CORPORATION 32,000 824,378 891,520 * MARATHON OIL CORPORATION 179,394 10,606,533 10,937,652 MARITRANS INC. 45,900 1,200,807 1,194,318 * MARRIOTT INTERNATIONAL, INC. 101,300 6,736,847 6,784,061 * MARSH & MCLENNAN COMPANIES, INC. 4,800 142,427 152,448 MARSHALL & ILSLEY CORP. 40,800 1,797,689 1,756,032 * MARTIN MARIETTA MATERIALS, INC. 48,070 3,669,251 3,687,930 MARVEL ENTERTAINMENT GROUP, INC. 12,300 227,242 201,474 MARVELL TECHNOLOGY GROUP 114,200 3,534,167 6,405,478 MASCO CORPORATION 219,400 6,407,990 6,623,686 MATRIX BANCORP, INC. 42,950 810,916 807,890 MATTEL, INC. 193,100 3,498,171 3,054,842 MAXIM INTEGRATED PRODUCTS, INC. 125,700 4,494,748 4,555,368 MAXIMUS, INC. 75,200 2,504,117 2,759,088 MBIA INC. 205,400 9,657,175 12,356,864 MBNA CORP. 57,800 1,233,822 1,569,270 MCAFEE.COM CORPORATION 43,200 944,092 1,172,016 MCCORMICK & COMPANY, INC. 72,600 2,343,196 2,244,792 MCCORMICK & SCHMICK'S SEAFOOD RESTAURANT, INC. 36,290 823,345 818,340 MCDONALD'S CORP. 1,254,165 37,079,383 42,290,444 MCG CAPITAL CORPORATION 96,000 1,507,032 1,400,640 MCGRATH RENTCORP 135,725 2,917,239 3,773,155 * MCKESSON CORP. 160,600 6,479,880 8,285,354 MDC HOLDINGS, INC. 46,500 2,171,170 2,882,070 MDC PARTNERS INCORPORATED 133,200 990,726 852,480 MEADWESTVACO CORPORATION 64,100 1,888,683 1,796,723 MEASUREMENT SPECIALTIES, INC. 15,100 333,816 367,685 MECHEL STEEL 5,200 125,689 125,684 MEDCATH CORPORATION 95,500 1,934,587 1,771,525 * MEDCO HEALTH SOLUTIONS, INC. 176,800 9,257,758 9,865,440 MEDICAL PROPERTIES TRUST, INC. 395,250 3,953,395 3,865,545 MEDICINES COMPANY (THE) 56,830 1,345,260 991,684 MEDIMMUNE, INC. 76,600 2,501,241 2,682,532 MEDTRONIC, INC. 178,140 9,350,148 10,255,520 MEMC ELECTRONICS MATERIALS SPA 11,300 99,415 250,521 MERCK & CO., INC. 524,348 21,361,439 16,679,510 MERCURY INTERACTIVE CORP. 41,500 1,137,955 1,144,985 MERISTAR HOSPITALITY CORPORATION 1,324,000 7,934,035 12,445,600 MERITAGE CORPORATION 63,450 3,173,133 3,992,274 MERRILL LYNCH & COMPANY, INC. 155,300 8,087,362 10,518,469 METHODE ELECTRONICS, INC. 143,300 1,464,999 1,428,701 METLIFE INC. 307,800 11,941,736 15,082,200 METTLER-TOLEDO INTERNATIONAL INC. 3,300 170,973 182,160 MFA MORTGAGE INVESTMENTS, INC. 243,500 1,917,123 1,387,950 MGIC INVESTMENT CORPORATION 123,500 8,148,431 8,128,770 MGM MIRAGE, INC. 221,900 8,598,939 8,137,073 MI DEVELOPMENTS INC. 418,700 10,536,123 14,403,280

B-36 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

MICHAELS STORES, INC. 116,400$ 3,158,665 $ 4,117,068 MICREL, INC. 103,450 1,062,080 1,198,986 MICROCHIP TECHNOLOGY, INC. 129,470 3,912,930 4,162,461 MICROFINANCIAL INC. 189,900 711,569 748,206 MICROS SYSTEMS, INC. 38,840 1,449,563 1,876,749 MICROSEMI CORP. 161,530 2,658,354 4,467,920 MICROSOFT CORPORATION 2,945,873 81,989,659 77,034,579 MIDDLEBY CORPORATION (THE) 22,500 1,518,230 1,946,250 MIDWEST BANC HOLDINGS, INC. 30,300 684,605 674,175 MILACRON, INC. 91,400 755,412 115,164 MILLICOM INTERNATIONAL CELLULAR S.A. 4,500 90,495 120,780 MILLIPORE CORP. 27,000 1,735,789 1,783,080 MILLS CORPORATION (THE) 6,600 192,012 276,804 MOBILE MINI, INC. 73,585 1,764,362 3,487,929 MOBILE TELESYSTEMS A.D.R. 45,100 444,970 1,578,500 MOHAWK INDUSTRIES, INC. 2,500 225,766 217,450 MONEYGRAM INTERNATIONAL, INC. 49,610 1,011,664 1,293,829 MONOLITHIC POWER SYSTEMS, INC. 132,700 914,413 729,850 MONRO MUFFLER BRAKE, INC. 67,300 1,571,780 2,040,536 MONSANTO ENVIRO - CHEM SYSTEMS, INC. 184,000 11,426,552 14,265,520 MONSTER WORLDWIDE, INC. 75,100 2,326,925 3,065,582 MOODY'S CORPORATION 160,000 6,689,525 9,827,200 MOOG INC. 160,130 4,668,856 4,544,489 MORGAN STANLEY 515,225 26,843,920 29,233,867 MORTGAGEIT HOLDINGS, INC. 77,225 945,260 1,054,894 MOTOROLA, INC. 1,231,200 24,095,362 27,812,808 MOVIE GALLERY, INC. 82,000 1,745,018 460,020 MPS GROUP, INC. 148,600 1,460,250 2,031,362 MRO SOFTWARE, INC. 34,300 529,216 481,572 MSC INDUSTRIAL DIRECT CO., INC. 116,860 3,327,459 4,700,109 MTS SYSTEMS CORPORATION 29,450 298,402 1,018,381 MUELLER INDUSTRIES, INC. 53,800 1,463,205 1,475,196 MYOGEN, INC. 48,710 1,548,176 1,466,171 NACCO INDUSTRIES, INC. 15,800 1,432,730 1,850,970 NANOMETRICS INC. 70,500 807,177 775,500 NASDAQ STOCK MARKET, INC, (THE) 206,910 3,795,117 7,279,094 NASH FINCH COMPANY 55,500 2,059,859 1,414,140 NATIONAL CITY CORP. 174,100 5,975,873 5,844,537 NATIONAL FINANCIAL PARTNERS CORP. 29,810 1,322,716 1,566,516 NATIONAL HEALTH INVESTORS, INC. 45,700 1,297,885 1,186,372 NATIONAL INSTRUMENTS CORPORATION 38,300 658,545 730,381 NATIONAL SEMICONDUCTOR CORP. 529,700 11,983,348 13,761,606 NATIONAL-OILWELL, INC. 12,400 778,910 777,480 NATIONWIDE FINANCIAL 99,700 3,829,955 4,386,800 NATUS MEDICAL, INC. 109,900 1,281,203 1,773,786 NAUTILUS GROUP, INC. (THE) 137,300 2,506,655 2,562,018 NAVIGATORS GROUP, INC. (THE) 21,600 697,573 941,976 NAVISTAR INTERNATIONAL CORP. 83,000 2,769,664 2,375,460 NAVTEQ CORPORATION 199,800 7,481,932 8,765,226 NBTY, INC. 218,185 4,768,159 3,545,506 NCI BUILDING SYSTEMS, INC. 61,760 2,280,030 2,623,565 NCR CORPORATION 157,700 5,254,236 5,352,338 NEKTAR THERAPEUTICS 20,500 363,522 337,430 NELNET, INC. 62,900 2,235,907 2,558,772 NEOWARE SYSTEMS, INC. 27,310 400,412 636,323 NETBANK, INC. 111,400 1,360,692 804,308 NETFLIX, INC. 69,140 1,817,197 1,870,928 NETGEAR INC. 31,700 507,296 610,225 NETSCOUT SYSTEMS, INC. 151,475 859,329 825,539 NETWORK APPLIANCE, INC. 408,005 13,297,270 11,016,135

B-37 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

NEUROCRINE BIOSCIENCES, INC. 6,800$ 324,602 $ 426,564 NEW CASTLE INVESTMENT CORP. 34,900 752,085 867,265 NEW RIVER PHARMACEUTICAL INC 26,900 1,246,493 1,395,572 NEW YORK & COMPANY, INC. 45,600 807,523 966,720 NEWALLIANCE BANCSHARES, INC. 45,300 641,631 658,662 NEWFIELD EXPLORATION CO. 249,100 10,965,149 12,472,437 NEWMONT MINING CORP. 3,900 184,855 208,260 NEXSTAR BROADCASTING GROUP, INC. 80,000 406,416 400,800 NIKE, INC. - CLASS B 27,500 2,096,175 2,386,725 * NISOURCE, INC. 149,500 3,613,697 3,118,570 NOBLE ENERGY, INC. 19,200 566,176 773,760 NOKIA CORPORATION A.D.R. 429,590 7,276,054 7,861,497 NORDSTROM, INC. 272,200 7,137,620 10,180,280 NORFOLK SOUTHERN CORP. 392,100 14,962,134 17,577,843 NORTHEAST UTILITIES 95,500 1,837,127 1,880,395 NORTHFORK BANCORPORATION, INC. 94,400 2,584,120 2,582,784 NORTHROP GRUMMAN CORP. 73,600 4,039,301 4,424,096 NORTHSTAR REALTY FINANCIAL CORP. 378,250 3,425,248 3,854,368 NOVARTIS A.D.R. 207,100 10,575,802 10,868,608 NOVELIS INC. 45,500 985,380 950,495 NTL INCORPORATED 94,465 10,102,898 6,431,177 NTL INCORPORATED - WARRANTS 12 417 7 NU HORIZONS ELECTRONICS CORP. 112,885 778,888 1,140,139 NU SKIN ENTERPRISES, INC. 47,900 538,055 842,082 NUANCE COMMUNICATIONS, INC. 358,500 1,362,108 2,735,355 NUCOR CORP. 122,200 6,084,217 8,153,184 NUVEEN INVESTMENTS, INC. 207,210 8,228,447 8,831,290 NVIDIA CORPORATION 121,000 3,572,409 4,423,760 NVR, INC. 4,250 3,077,594 2,983,500 O M GROUP, INC. 48,700 1,459,243 913,612 OCCIDENTAL PETROLEUM CORP. 170,825 7,603,034 13,645,501 OCEANEERING INTERNATIONAL, INC. 107,300 4,759,433 5,341,394 ODYSSEY HEALTHCARE, INC. 37,000 676,769 689,680 OFFICE DEPOT, INC. 268,600 7,628,053 8,434,040 OHIO CASUALTY INSURANCE COMPANY (THE) 45,700 1,138,099 1,294,224 OIL COLUKOIT A.D.R. 194,361 4,515,587 11,564,480 OIL STATES INTERNATIONAL INC. 37,460 1,245,066 1,186,733 OMNICARE, INC. 179,785 10,130,997 10,287,298 OMNICOM GROUP, INC. 78,100 6,465,066 6,648,653 OMNOVA SOLUTIONS, INC. 178,200 1,171,949 855,360 ON SEMICONDUCTOR CORP. 134,750 838,835 745,168 ONE LIBERTY PROPERTIES, INC. 27,613 424,812 508,355 ONEOK, INC. 76,400 2,033,969 2,034,532 ONYX PHARMACEUTICALS, INC. 36,000 763,926 1,036,800 OPEN JOINT STOCK COMPANY A.D.R. 6,243 187,976 276,128 OPENWAVE SYSTEMS INC. 248,710 3,577,484 4,344,964 OPSWARE, INC. 375,080 1,989,759 2,546,793 OPTIONXPRESS, INC. 78,000 1,214,548 1,914,900 ORACLE CORP. 128,900 1,691,479 1,573,869 O'REILLY AUTOMOTIVE, INC. 95,900 2,666,028 3,069,759 ORIENT EXPRESS HOTELS INC. 42,425 556,322 1,337,236 ORIENTAL FINANCIAL GROUP, INC. 42,200 976,641 521,592 OSI SYSTEMS, INC. 110,000 2,204,862 2,022,900 OUTBACK STEAKHOUSE INC. 43,900 1,695,501 1,826,679 OVERSEAS SHIPHOLDING GROUP, INC. 121,700 5,296,241 6,132,463 OWENS & MINOR, INC. HOLDING CO. 41,200 644,050 1,134,236 OYO CORPORATION 11,385 223,716 324,017 PACER INTERNATIONAL, INC. 118,070 2,793,431 3,076,904 PACIFIC CAPITAL BANCORP 109,300 4,022,372 3,892,173 PACIFIC SUNWEAR OF CALIFORNIA, INC. 105,540 2,603,861 2,630,057

B-38 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

PALM, INC. 38,600$ 1,345,978 $ 1,227,480 PANERA BREAD COMPANY 23,500 1,612,622 1,543,480 PAR PHARMACEUTICAL INC. 20,100 720,994 629,934 PARALLEL PETROLEUM CORPORATION 65,976 636,193 1,122,252 PARK ELECTROCHEMICAL CORP. 54,400 1,167,311 1,413,312 PARKERVISION, INC. 120,000 900,000 1,092,000 PARKERVISION, INC. - WARRANTS 30,000 - 126,000 PATTERSON COMPANIES, INC. 59,550 2,299,691 1,988,970 PATTERSON ENERGY INC. 23,400 740,072 771,030 PAXAR CORPORATION 21,500 417,917 422,045 PAYCHEX, INC. 354,670 11,297,856 13,520,020 PAYLESS SHOESOURCE, INC. 163,300 2,834,038 4,098,830 PEDIATRIX MEDICAL GROUP 7,900 326,846 699,703 PENN VIRGINIA CORPORATION 45,800 2,177,958 2,628,920 PENTAIR MEDIA, INC. 97,570 3,657,153 3,368,116 * PEPSI BOTTLING GROUP 240,100 6,765,713 6,869,261 * PEPSIAMERICA INC. 39,700 508,011 923,422 * PEPSICO, INC. 208,494 11,270,890 12,317,826 PERFORMANCE FOOD GROUP CO. 54,000 1,613,353 1,531,980 PERICOM SEMICONDUCTOR CORPORATION 221,325 2,149,224 1,763,960 PERKIN-ELMER CORP. 153,700 3,211,264 3,621,172 PETCO ANIMAL SUPPLIES, INC. 142,475 3,058,271 3,127,326 PETROHAWK ENERGY AND RESOURCES LTD. 126,685 1,740,678 1,674,776 PETROLEO BRASILEIRO A.D.R. - CLASS A 164,801 3,062,262 11,745,367 PETROLEO BRASILEIRO A.D.R. - CLASS B 49,442 1,313,748 3,182,582 PETROLEUM DEVELOPMENT CORPORATION 16,900 624,474 563,446 PF CHANGS CHINA BISTRO, INC. 13,800 681,122 684,894 PFF BANCORP, INC. 120,720 3,003,152 3,684,374 PFIZER INC. 1,704,801 48,628,732 39,755,959 PG&E CORPORATION 220,100 7,191,108 8,170,112 PHARMACEUTICAL RESOURCES, INC. 172,930 7,221,167 10,713,014 PHELPS DODGE CORP. 65,300 6,167,622 9,394,711 PHH CORPORATION 4,600 87,848 128,892 PHILADELPHIA CONSOLIDATED HOLDING CORP. 72,000 3,820,395 6,961,680 PHILIPPINE LONG DISTANCE TELEPHONE COMPANY 17,530 410,890 587,956 PHILLIPS-VAN HEUSEN CORPORATION 203,280 4,359,434 6,586,272 PILGRIM'S PRIDE CORPORATION 79,600 2,679,886 2,639,536 PINNACLE WEST CAPITAL CORP. 67,400 3,082,457 2,786,990 PITNEY BOWES, INC. 55,100 2,209,851 2,327,975 PIXAR 169,000 4,411,326 8,909,680 PLACER SIERRA BANCSHARES 85,725 1,806,966 2,375,440 PLAINS EXPLORATION & PRODUCTION COMPANY 106,400 3,313,063 4,227,272 PLATINUM UNDERWRITERS HOLDINGS, LTD. 66,500 2,014,520 2,066,155 PLATO LEARNING INC. 111,230 870,688 883,166 PLAYBOY ENTERPRISES, INC. 147,900 1,963,036 2,054,331 PLEXUS CORPORATION 36,900 635,204 839,106 PLIANT CORPORATION 400 - 50 PLIVA D.D. 87,100 1,175,782 1,155,665 PNC FINANCIAL SERVICES GROUP, INC. (THE) 84,000 5,088,332 5,193,720 PNM RESOURCES, INC. 113,750 1,938,905 2,785,738 POLYMEDICA CORPORATION 71,500 2,563,931 2,393,105 POLYONE CORPORATION 291,700 2,392,411 1,875,631 POPULAR, INC. 44,100 983,041 932,715 POSCO A.D.R. 9,400 398,541 465,394 POWERWAVE TECHNOLOGIES, INC. 201,030 1,930,475 2,526,947 * PPG INDUSTRIES, INC. 88,000 5,567,268 5,095,200 * PPL CORPORATION 60,300 1,992,855 1,772,820 * PRAXAIR, INC. 199,200 9,027,254 10,549,632 PRECISION CASTPARTS CORP. 55,700 2,779,240 2,885,817 PREMIUM STANDARD FARMS, INC. 103,000 1,363,593 1,540,880

B-39 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

PRESIDENTIAL LIFE CORP. 74,500$ 1,020,923 $ 1,418,480 PRESTIGE BRANDS, INC. 54,100 892,705 676,250 PRIDE INTERNATIONAL, INC. 180,820 4,083,453 5,560,215 PRIMUS TELECOMMUNICATIONS GROUP, INCORPORATED 60,500 424,813 45,375 PRINCIPAL FINANCIAL GROUP, INC. 209,600 8,031,116 9,941,328 PROASSURANCE CORPORATION 47,090 2,060,773 2,290,458 PROCTER & GAMBLE CO. 564,369 26,299,122 32,665,678 PROGENICS PHARMACEUTICALS, INC. 78,300 1,691,942 1,958,283 PROGRESS ENERGY INC. 34,000 1,507,376 1,493,280 PROGRESS SOFTWARE CORPORATION 45,500 1,286,418 1,291,290 PROGRESSIVE CORPORATION (THE) 221,480 11,461,822 25,864,434 PROLOGIS TRUST 10,100 421,812 471,872 PROTECTIVE LIFE CORP. 77,600 2,893,158 3,396,552 PROTEIN DESIGN LABS, INC. 68,600 1,587,174 1,949,612 PROVIDENCE SERVICES CORPORATION 23,300 638,129 670,807 PROVIDENT BANKSHARES CORP. 30,890 582,278 1,043,155 PRUDENTIAL FINANCIAL, INC. 106,400 6,107,844 7,787,416 PSS WORLD MEDICAL, INC. 233,900 2,915,943 3,471,076 PSYCHIATRIC SOLUTIONS, INC. 73,230 3,034,745 4,301,530 PUBLIC SERVICE ENTERPRISE GROUP, INC. 28,200 1,712,045 1,832,154 PUBLIC STORAGE PROPERTIES, INC. 78,300 4,433,505 5,302,476 PUGET SOUND ENERGY, INC. 124,100 2,901,573 2,534,122 PXRE GROUP LIMITED 183,100 4,478,902 2,372,976 QUALCOMM, INC. 851,400 30,432,862 36,678,312 QUALITY DISTRIBUTORS, INC. 192,600 1,455,856 1,535,022 QUANEX CORPORATION 60,300 1,485,056 3,013,191 QUEST SOFTWARE, INC. 113,900 1,622,847 1,661,801 QUESTAR CORP. 47,000 3,686,373 3,557,900 QUILMES INDUSTRIAL (QUINSA), S.A. 11,873 74,751 405,107 QWEST COMMUNICATIONS INTERNATIONAL INC. 721,300 2,927,635 4,075,345 RACKABLE SYSTEMS INC. 42,680 810,920 1,215,526 RADIAN GROUP INC. 33,400 1,814,183 1,956,906 RADIOSHACK CORPORATION 411,775 10,304,725 8,659,628 RADYNE COMSTREAM INC. 57,900 464,076 843,603 * RAILAMERICA, INC. 79,350 904,679 872,057 RAIT INVESTMENT TRUST 37,400 1,144,776 969,408 * RALCORP HOLDINGS, INC. 26,400 757,651 1,053,624 RANGE RESOURCES CORP. 178,200 2,575,844 4,693,788 RAYMOND JAMES FINANCIAL, INC. 88,750 2,278,561 3,343,213 RAYTHEON COMPANY 126,500 4,558,120 5,078,975 RCN CORPORATION 63,500 1,532,638 1,489,075 RED HAT, INC. 142,590 1,942,415 3,887,003 RED ROBIN GOURMET BURGERS, INC. 61,370 3,369,431 3,127,415 REDBACK NETWORKS INC. 475,150 4,708,995 6,680,609 REDWOOD TRUST, INC. 86,950 4,115,819 3,587,557 REGIONS FINANCIAL CORPORATION 1,700 56,392 58,072 REGIS CORP. 47,500 2,035,577 1,832,075 REINSURANCE GROUP AMERICA INC. 26,300 1,193,655 1,256,088 RELIANCE STEEL & ALUMINUM CO. 13,700 402,495 837,344 RELIANT ENERGY, INCORPORATED 507,300 4,176,769 5,235,336 REMEDYTEMP, INC. 31,500 560,261 291,375 REMINGTON OIL & GAS CORP. 16,100 271,676 587,650 RENT-A-CENTER, INC. 21,000 664,638 396,060 RENTECH, INC. 690,000 1,587,000 2,628,900 REPSOL YPF A.D.R. 475,300 6,242,237 13,978,573 REPUBLIC BANCORP, INC. 133,649 1,224,066 1,590,423 * REPUBLIC SERVICES, INC. 84,100 2,775,382 3,157,955 RESEARCH IN MOTION LIMITED 10,900 677,638 719,509 RESMED INC. 77,940 2,867,539 2,985,881 RESOURCES CONNECTION, INC. 111,270 2,761,534 2,905,260

B-40 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

RETALIX LIMITED 3,298$ 59,364 $ 80,669 REYNOLDS AMERICAN, INC. 23,400 1,557,552 2,230,722 REYNOLDS AND REYNOLDS COMPANY 142,100 4,007,925 3,988,747 RIGHTNOW TECHNOLOGIES, INC. 69,600 1,241,000 1,284,816 RITCHIE BROS. AUCTIONEERS INC. 46,500 1,459,781 1,964,625 RITE AID CORP. 63,700 242,621 221,676 ROBERT HALF INTERNATIONAL INC. 121,730 4,046,957 4,612,350 ROCK-TENN COMPANY 72,600 1,147,119 990,990 ROCKWELL COLLINS, INC. 37,500 1,801,174 1,742,625 ROFIN-SINAR TECHNOLOGIES INC. 22,400 702,627 973,728 ROTECH HEALTHCARE, INC. 127,300 3,270,531 2,133,548 ROYAL CARIBBEAN CRUISES LTD. 52,600 2,250,940 2,370,156 ROYAL GROUP TECHNOLOGIES LIMITED 1,363,400 10,840,323 12,270,600 RPC, INC. 34,815 691,921 917,027 * RPM INC. 47,600 684,612 826,812 RUDDICK CORP. 61,700 952,367 1,312,976 RYANAIR HOLDINGS INC. 296,700 11,006,005 16,612,233 * RYERSON TULL, INC. 263,400 2,992,512 6,405,888 RYLAND GROUP, INC. (THE) 19,400 1,298,451 1,399,322 SABRE GROUP HOLDINGS, INC. 53,700 1,127,501 1,294,707 SAFECO CORPORATION 71,800 3,738,608 4,056,700 * SAFEWAY INC. 109,500 2,876,852 2,590,770 SAKS INCORPORATED 30,300 552,118 510,858 SALESFORCE.COM, INC. 232,890 5,711,028 7,464,125 SALIX PHARMACEUTICALS, INC. 61,920 1,071,184 1,088,554 SAMSUNG ELECTRONICS CO. 280 51,904 67,200 SANDERSON FARMS, INC. 40,660 1,392,889 1,241,350 SANDISK CORP. 513,700 23,107,837 32,270,634 SANMINA CORP. 802,000 4,967,224 3,416,520 SANOFI - AVENTIS A.D.R. 307,050 12,724,358 13,479,495 * SARA LEE CORP. 660,050 13,100,481 12,474,945 SATYAM COMPUTER SERVICES LTD. A.D.R. 3,052 85,934 111,673 SAXON CAPITAL INC. 159,435 2,415,335 1,806,399 SBA COMMUNICATIONS CORP. 259,790 2,623,752 4,650,241 SCHERING-PLOUGH CORP. 637,400 13,371,512 13,289,790 SCHOLASTIC CORPORATION 76,600 2,502,028 2,183,866 SCHOOL SPECIALTY, INC. 53,500 2,023,772 1,949,540 SCIENTIFIC GAMES CORPORATION 101,300 2,475,334 2,763,464 SCIENTIFIC-ATLANTA, INC. 24,200 878,923 1,042,294 SCOTTS COMPANY (THE) 55,600 1,774,958 2,515,344 SCRIPPS COMPANY (THE) 80,600 3,964,144 3,870,412 SEACHANGE INTERNATIONAL, INC. 178,000 1,789,897 1,406,200 SEACOR SMIT, INC. 23,000 1,580,543 1,566,300 * SEALED AIR CORP. 45,293 2,298,252 2,544,108 SEARS HOLDINGS CORPORATION 105,717 12,463,417 12,213,485 SEI INVESTMENTS 53,400 1,967,490 1,975,800 SELECTIVE INSURANCE GROUP, INC. 30,400 815,880 1,614,240 SEMPRA ENERGY 265,350 11,390,806 11,898,294 SEMTECH CORP. 60,790 1,198,554 1,110,025 SEROLOGICALS CORP. 97,200 1,470,705 1,918,728 * SHERWIN-WILLIAMS CO. 43,700 2,009,839 1,984,854 SHREVEPORT GAMING HOLDINGS INC. 384 8,112 8,112 SHUFFLE MASTER, INC. 68,430 1,517,827 1,720,330 SIEBEL SYSTEMS, INC. 17,800 183,689 188,146 SIERRA HEALTH SERVICES, INC. 92,660 4,736,543 7,409,094 SIERRA PACIFIC RESOURCES 92,700 1,271,732 1,208,808 SIGNATURE BANK OF NEW YORK 86,213 2,305,429 2,419,999 * SILGAN HOLDINGS INCORPORATED 148,000 5,082,874 5,345,760 SILICON LABORATORIES INC. 33,710 1,049,679 1,235,809 * SIMON PROPERTY GROUP, INC. 35,400 2,496,878 2,712,702

B-41 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

SIMPSON MANUFACTURING COMPANY, INC. 40,500$ 1,279,107 $ 1,472,175 SINA CORPORATION 12,900 312,229 311,664 SINCLAIR BROADCAST GROUP, INC. 213,100 2,370,710 1,960,520 SIRF TECHNOLOGY HOLDINGS INC. 104,340 1,746,158 3,109,332 SISTEMA G.D.R. 8,542 145,214 187,497 SK TELECOMMUNICATIONS A.D.R. 410,560 8,434,744 8,330,262 SKYWEST, INC. 56,700 844,985 1,522,962 SL GREEN REALTY CORP. 37,100 1,996,418 2,834,069 SMITH INTERNATIONAL, INC. 156,140 5,251,036 5,794,355 * SMURFIT CAPITAL FUNDING PLC 109,200 796,943 898,716 SNAP-ON, INC. 69,100 2,233,862 2,595,396 SOLECTRON CORP. 186,000 725,413 680,760 SONIC AUTOMATIC INC. 50,880 882,367 1,133,606 SONIC CORP. 112,900 2,953,414 3,330,550 SONOSITE, INC. 57,500 1,530,726 2,013,075 SOUTHERN COPPER CORPORATION 7,534 420,926 504,627 SOUTHWEST AIRLINES CO. 251,600 3,864,043 4,133,788 SOVEREIGN BANCORP, INC. 14,400 317,791 311,328 SPATIALIGHT, INC. 351,000 2,545,756 1,217,970 SPECTRUM BRANDS, INC. 30,450 589,737 618,440 SPEEDWAY MOTORSPORTS, INC. 66,600 2,479,148 2,309,022 SPHERION CORPORATION 87,800 805,126 878,878 SPORTS AUTHORITY INC. (THE) 30,900 876,123 961,917 SPRINT NEXTEL CORPORATION 1,243,173 30,348,518 29,040,521 SPSS INC. 27,660 298,165 855,524 SRA INTERNATIONAL, INC. 20,000 689,754 610,800 SSA GLOBAL TECHNOLOGIES, INC. 27,100 426,832 492,949 ST. JUDE MEDICAL, INC. 38,808 1,065,261 1,948,162 ST. MARY LAND & EXPLORATION CO. 73,040 1,558,080 2,688,602 ST. PAUL TRAVELERS COMPANIES, INC. 469,000 19,201,249 20,950,230 STAGE STORES INC. 68,800 1,143,263 2,048,864 STANCORP FINANCIAL GROUP 111,400 2,943,073 5,564,430 STANDARD MICROSYSTEMS CORP. 24,200 434,045 694,298 STANDARD PACIFIC CORP. 151,450 3,981,363 5,573,360 STANDARD PACKAGING CORP. 13,300 247,169 260,547 STANLEY WORKS (THE) 95,700 4,195,345 4,597,428 STAPLES, INC. 807,331 15,828,825 18,334,487 STARBUCKS CORP. 230,000 3,809,505 6,902,300 STARWOOD HOTELS & RESORTS WORLDWIDE, INC. 220,500 13,050,542 14,081,130 STATE AUTO FINANCIAL CORP. 29,200 526,440 1,064,632 STATE BANK OF INDIA G.D.R. 36,000 801,098 1,451,592 * STATE STREET CORPORATION 132,400 6,545,821 7,340,256 STEEL DYNAMICS INC. 79,300 2,583,047 2,815,943 STEIN MART INC. 150,100 3,315,551 2,724,315 * STERICYCLE, INC. 45,270 2,261,011 2,665,498 STERLING BANCSHARES, INC. 76,600 699,407 1,182,704 STEWART & STEVENSON SERVICES, INC. 63,200 1,007,292 1,335,416 STEWART ENTERPRISES, INC. 151,500 953,981 819,615 STEWART INFORMATION SERVICES CORP. 28,200 968,708 1,372,494 STILLWATER MINING COMPANY 918,200 8,379,985 10,623,574 STOLT COMEX SEAWAY HOLDINGS, INC. 175,700 1,616,281 2,048,662 STONE ENERGY CORPORATION 72,900 3,569,766 3,319,137 STRAYER EDUCATION, INC. 23,260 2,203,358 2,179,462 STUDENT LOAN CORPORATION (THE) 14,700 2,741,619 3,075,681 SUN MICROSYSTEMS, INC. 530,300 2,087,932 2,221,957 SUNOCO, INC. 155,400 6,913,129 12,180,252 SUNRISE SENIOR LIVING INC. 251,920 6,611,987 8,492,223 SUNSTONE HOTEL INVESTORS, L.L.C. 49,880 847,960 1,325,312 SUNTECH POWER HOLDINGS CO., LTD. 81,900 1,660,071 2,231,775 SUNTRUST BANKS, INC. 4,300 277,970 312,868

B-42 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

SUPERIOR INDUSTRIES INTERNATIONAL, INC. 200,000$ 4,008,000 $ 4,452,000 SUPERIOR INDUSTRIES, INC. 45,570 714,141 959,249 SUPERTEX, INC. 86,720 1,162,527 3,837,360 * SUPERVALU, INC. 193,400 6,134,875 6,281,632 SUPPORTSOFT, INC. 105,400 515,659 444,788 SURGUTNEFTEGAZ A.D.R. - CLASS A 15,514 346,679 845,513 SURGUTNEFTEGAZ A.D.R. - CLASS B 5,935 173,442 527,622 SWIFT ENERGY COMPANY 101,500 3,505,004 4,574,605 SYBASE, INC. 91,100 2,008,690 1,991,446 SYBRON DENTAL SPECIALTIES, INC. 38,250 1,550,029 1,522,733 SYCAMORE NETWORKS, INC. 1,601,600 5,421,181 6,918,912 SYMBION INC. 102,830 2,382,868 2,365,090 SYMBOL TECHNOLOGIES INC. 2,201 - 28,217 SYNERON MEDICAL LTD. 10,200 344,950 323,850 SYNGENTA COMPANY 78,900 1,675,415 1,965,399 SYNIVERSE HOLDINGS, INC. 179,610 2,645,892 3,753,849 SYNOPSYS, INC. 45,500 817,355 912,730 SYNTROLEUM CORP. 178,300 1,451,712 1,610,049 SYPRIS SOLUTIONS, INC. 78,100 860,007 779,438 * SYSCO CORP. 311,600 9,598,885 9,675,180 T. ROWE PRICE ASSOCIATES, INC. 5,000 317,231 360,150 TAC ACQUISITION CORPORATION 341,400 2,052,321 2,133,750 TAL INTERNATIONAL GROUP, INC. 126,500 2,261,019 2,612,225 TALBOTS, INC. 26,800 910,172 745,576 TANOX, INC. 71,800 1,147,825 1,175,366 TECHNICAL OLYMPIC USA, INC. 108,250 2,447,412 2,282,993 TECHNOLOGY INVESTMENT CAPITAL CORPORATION 51,782 758,402 781,908 TELECOM ARGENTINA S.A. 40,570 569,678 522,947 TELECOMUNICACOES BRASILEIRAS A.D.R. 89,200 1,983,768 3,064,020 TELEDYNE TECHNOLOGIES INCORPORATED 20,500 326,801 596,550 TELEFONOS DE MEXICO S.A. A.D.R. 472,342 7,473,551 11,657,401 TELETECH HOLDINGS, INC. 98,900 1,054,825 1,191,745 TELEWEST GLOBAL INC. 80,849 1,814,104 1,925,823 TELIK, INC. 107,740 1,748,356 1,830,503 TENARIS A.D.R. 5,230 134,642 598,835 TENNANT COMPANY 23,800 1,107,939 1,237,600 TERAYON COMMUNICATION SYSTEMS, INC. 943,300 2,817,783 2,179,023 TEREX CORPORATION 30,500 1,396,278 1,811,700 TESORO PETROLEUM CORPORATION 52,500 1,427,250 3,231,375 * TEVA PHARMACEUTICAL INDUSTRIES, INC. 113,341 4,239,830 4,874,796 TEXAS INDUSTRIES, INC. 15,000 687,347 747,600 TEXAS INSTRUMENTS, INC. 618,900 18,229,965 19,848,123 TEXAS ROADHOUSE, INC. 18,450 283,889 286,898 TEXTRON, INC. 128,000 9,150,169 9,853,440 THE CHARLES SCHWAB CORPORATION 315,300 4,495,188 4,625,451 THERMO ELECTRON CORP. 19,100 581,692 575,483 THOMAS CORPORATION (THE) 85,800 1,979,795 1,796,652 THQ INC. 196,590 3,275,625 4,688,672 TIDEWATER, INC. 30,400 836,607 1,351,584 TIFFANY & CO. 3,700 151,301 141,673 TIMBERLAND COMPANY (THE) 68,000 2,243,161 2,213,400 TIME WARNER INC. 772,918 15,510,216 13,479,690 * TIMKEN COMPANY (THE) 99,800 2,678,572 3,195,596 TITANIUM METALS CORP. 20,470 651,823 1,294,932 TJX COS., INC. 672,100 15,550,131 15,612,883 TNP ENTERPRISES, INC. 2,125 - 65,875 TODCO COMPANY 25,680 681,103 977,381 TOLL BROTHERS, INC. 75,360 2,252,280 2,610,470 TOO, INC. 94,590 2,528,100 2,668,384 TORCHMARK CORP. 281,725 15,026,633 15,663,910

B-43 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

TOREADOR RESOURCES CORPORATION 118,275$ 2,373,644 $ 2,492,054 TOTAL ACCESS COMMUNICATIONS, PCL 53,200 159,858 172,368 TRACTOR SUPPLY COMPANY 68,670 3,453,927 3,635,390 TRANSACTION SYSTEMS ARCHITECTS, INC. 131,500 3,292,103 3,785,885 TRANSPORT CORP. OF AMERICA 77,225 489,310 762,983 TRAVELCENTERS OF AMERICA INC. 450 - 56 TRAVELCENTERS OF AMERICA INC. - WARRANTS 1,350 - 169 TREEHOUSE FOODS, INC. 20,800 624,955 389,376 TREX COMPANY, INC. 33,562 768,782 941,414 TRIARC COMPANY, INC. 110,600 1,857,459 1,851,444 * TRIBUNE CO. 25,111 846,593 759,859 TRIDENT MICROSYSTEMS INC. 93,560 1,097,351 1,684,080 TRIMBLE NAVIGATION LIMITED 39,000 1,289,318 1,384,110 TRIZEC PROPERTIES, INC. 56,400 1,313,888 1,292,688 TRW AUTOMOTIVE HOLDINGS CORP. 61,600 1,320,760 1,623,160 TSAKOS ENERGY NAVIGATION LIMITED 1,200 14,606 44,004 TTM TECHNOLOGIES INC. 382,050 3,166,364 3,591,270 TUPPERWARE CORP. 110,300 2,519,845 2,470,720 TXU CORP. 394,200 11,325,011 19,784,898 TYCO INTERNATIONAL LTD. 195,700 5,660,986 5,647,902 TYSON FOODS, INC. 88,400 1,656,034 1,511,640 U.S. BANKCORP 679,582 19,152,361 20,312,706 U.S. PHYSICAL THERAPY, INC. 125,080 1,533,808 2,310,228 U.S.I. HOLDINGS CORPORATION 122,125 1,767,529 1,681,661 UCBH HOLDINGS, INC. 56,100 461,328 1,003,068 * UGI CORPORATION 82,700 1,801,117 1,703,620 ULTRA PETROLEUM CORP. 65,000 2,501,420 3,627,000 UNIBANCO UNIAO DE BANCOS BRASILEIROS, S.A. 33,070 1,315,625 2,102,260 UNIFIED ENERGY SYSTEMS 650,545 185,189 275,831 UNIFIRST CORPORATION 23,700 830,522 737,070 UNION PACIFIC CORP. 188,350 12,239,399 15,164,059 UNIONBANCAL CORP. 140,200 6,531,310 9,634,544 UNIT CORPORATION 31,750 1,244,259 1,747,203 UNITED FIRE & CASUALTY COMPANY 50,800 1,687,988 2,053,844 UNITED HEALTH GROUP, INC. 210,130 8,092,269 13,057,478 UNITED MICROELECTRONICS CORPORATION 2,209,039 7,513,105 6,892,202 UNITED ONLINE, INC. 112,400 1,486,454 1,598,328 UNITED PANAM FINANCIAL CORP. 130,955 2,202,910 3,387,806 * UNITED PARCEL SERVICE, INC. - CLASS B 156,500 11,528,750 11,760,975 * UNITED RENTALS, INC. 116,200 2,125,315 2,717,918 * UNITED TECHNOLOGIES CORP. 45,642 1,642,265 2,551,844 UNITED THERAPEUTICS CORPORATION 30,600 1,250,471 2,115,072 UNIVERSAL COMPRESSION HOLDINGS, INC. 21,700 688,196 892,304 UNIVERSAL HEALTH SERVICES, INC. 53,500 2,709,537 2,500,590 UNUMPROVIDENT CORPORATION 181,700 3,105,795 4,133,675 URS CORPORATION 36,300 816,469 1,365,243 US AIRWAYS GROUP, INC. 170,000 4,104,577 6,313,800 USA TRUCK, INC. 62,985 534,175 1,834,753 USEC INC. 1,071,500 8,706,370 12,804,425 USG CORPORATION 15,700 1,016,450 1,020,500 UT STARCOM INC. 1,559,675 11,421,390 12,570,981 V F CORP. 45,600 2,216,190 2,523,504 VALASSIS COMMUNICATIONS, INC. 20,500 546,148 595,935 VALEANT PHARMACEUTICALS INTERNATIONAL 100,760 2,048,338 1,821,741 VALERO ENERGY CORPORATION 176,600 5,386,266 9,112,560 VALSPAR CORP. 109,000 2,585,445 2,689,030 VALUE LINE, INC. 10,983 404,590 387,920 VALUECLICK, INC. 214,640 3,090,925 3,887,130 VALUEVISION MEDIA, INC. 37,600 489,374 473,760 VARIAN MEDICAL SYSTEMS, INC. 113,400 4,475,655 5,708,556

B-44 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES, INC. 73,100$ 2,864,851 $ 3,211,283 VCA ANTECH, INC. 45,490 1,096,610 1,282,818 VECTREN CORPORATION 7,900 169,079 214,564 VENTAS, INC. 86,800 2,586,760 2,779,336 VERIFONE HOLDINGS, INC. 169,630 2,831,276 4,291,639 VERINT SYSTEMS, INC. 58,850 1,825,132 2,028,560 VERISIGN, INC. 55,200 1,000,590 1,208,880 VERIZON COMMUNICATIONS 536,006 21,823,876 16,144,501 VERSATA, INC. 20 51 8 VERTEX PHARMACEUTICALS INC. 71,440 1,672,122 1,976,745 * VIACOM INC. 655,996 23,795,816 21,385,470 VIROPHARMA INCORPORATED 59,350 1,164,435 1,097,975 VISTAPRINT LIMITED 49,300 748,809 1,121,772 * VISTEON CORPORATION 869,000 8,672,329 5,439,940 VITAL SIGNS, INC. 31,300 787,170 1,340,266 VITRAN, INC. 171,150 2,556,076 3,371,655 VOTORANTIM CELULOSE E PAPEL SA A.D.R. 52,200 627,238 641,538 WABTEC CORP. 38,980 851,290 1,048,562 WACHOVIA CORPORATION 184,119 7,690,005 9,732,530 WALGREEN CO. 328,000 12,002,811 14,517,280 WAL-MART STORES, INC. 743,484 36,589,673 34,795,051 WALT DISNEY COMPANY (THE) 390,816 9,655,648 9,367,860 WALTER INDUSTRIES, INC. 29,200 324,323 1,451,824 WARNER MUSIC GROUP 30,700 520,359 591,589 WARREN RESOURCES, INC. 126,367 1,312,957 1,999,126 * WASHINGTON GROUP INTERNATIONAL 15,450 675,367 818,387 WASHINGTON MUTUAL, INC. 204,373 7,977,127 8,890,226 WASTE CONNECTIONS, INC. 44,925 1,253,274 1,548,116 * WASTE MANAGEMENT, INC. 43,500 1,314,644 1,320,225 WATSCO INCORPORATED 110,700 2,833,256 6,620,967 WATSON PHARMACEUTICALS INC. 140,500 4,914,367 4,567,655 WEBEX COMMUNICATIONS, INC. 99,990 2,598,807 2,162,784 WEBSENSE, INC. 48,650 2,536,993 3,193,386 WEBSTER FINANCIAL CORP. 33,900 1,128,117 1,589,910 WEIGHT WATCHERS INTERNATIONAL, INC. 151,100 6,922,268 7,468,873 WEIS MARKETS, INC. 24,900 971,993 1,071,696 WELLCARE HEALTH PLANS, INC. 30,060 1,161,683 1,227,951 WELLPOINT HEALTH NETWORKS, INC. 128,600 8,463,029 10,260,994 WELLS FARGO & CO. 156,599 9,407,005 9,839,115 WERNER ENTERPRISES, INC. 106,030 2,159,258 2,088,791 * WESCO FINANCIAL CORP. 74,630 2,246,538 3,188,940 WEST CORPORATION 24,800 1,030,580 1,651,928 WEST PHARMACEUTICALS SERVICES, INC. 61,100 1,714,933 1,529,333 WESTAR ENERGY INC 86,400 1,944,824 1,857,600 WESTERN GAS RESOURCES INC. 10,500 487,109 494,445 * WEYERHAEUSER CO. 45,700 2,526,695 3,031,738 WGL HOLDINGS, INC. 28,300 941,209 850,698 WHEELING PITTSBURGH STEEL CORPORATION 87,500 2,826,572 789,250 WHIRLPOOL CORP. 176,750 12,527,492 14,804,580 WHITING PETROLEUM CORPORATION 23,200 983,393 928,000 WILLIAMS COS., INC. 113,600 2,090,247 2,632,112 WILLIAMS SONOMA, INC. 63,020 2,448,483 2,719,313 WIMM-BILL-DANN FOODS A.D.R. 58,700 999,327 1,410,561 WINNEBAGO INDUSTRIES, INC. 42,500 1,477,393 1,414,400 WINTRUST FINANCIAL CORP. 42,550 1,382,883 2,335,995 WISCONSIN ENERGY CORP. 199,850 6,744,893 7,806,141 WITNESS SYSTEMS, INC. 97,500 1,536,577 1,917,825 WOLVERINE WORLD WIDE, INC. 100,180 1,595,398 2,250,043 WOODHEAD INDUSTRIES, INC. 75,000 1,177,916 1,040,250 WOODWARD GOVERNOR COMPANY 24,760 2,096,722 2,129,608

B-45 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

WORLD FUEL SERVICES CORP. 105,085$ 3,060,072 $ 3,543,466 WPS RESOURCES CORPORATION 16,000 944,010 884,960 WRIGHT EXPRESS CORPORATION 93,000 1,618,910 2,046,000 WRIGLEY, (WM.) JR. CO. 48,500 3,315,556 3,224,765 WYETH 159,400 7,072,445 7,343,558 WYNN RESORTS, LIMITED 25,800 1,309,486 1,415,130 XCEL ENERGY INC. 456,100 8,316,890 8,419,606 XEROX CORP. 321,351 5,311,828 4,707,792 XILINX, INC. 129,860 7,531,618 3,273,771 XM SATELLITE RADIO INC. 652,680 19,278,952 17,805,110 X-RITE, INCORPORATED 121,700 1,257,253 1,217,000 XTO ENERGY INC. 73,340 2,893,749 3,222,560 XYRATEX LIMITED 35,100 475,719 620,568 YAHOO! INC. 553,000 10,532,115 21,666,540 YANKEE CANDLE CO., INC. 82,000 2,382,439 2,099,200 ZALE CORPORATION 5,800 175,393 145,870 ZENITH NATIONAL INSURANCE CORP. 27,450 597,077 1,265,994 ZIMMER HOLDINGS, INC. 130,000 10,306,119 8,767,200 ZIONS BANCORP 12,400 759,020 936,909

TOTAL DOMESTIC COMMON STOCKS 5,100,733,149 5,809,152,364

PREFERRED STOCKS - FOREIGN

BANCO BRADESCO S.A. 10,708 89,715 310,397 BANCOLOMBIA S.A. 6,600 19,145 47,858 BCO ITAU HOLDINGS NPV 317,810 5,170,724 7,661,187 BRASIL TELECOM S.A. 60,316 - 260 CENTRAIS ELECTRICAS 100,153,700 1,688,886 1,698,174 CIA ENERGETICA MINAS GERAIS 21,415,514 258,918 871,108 CIA PARANAENSE DE ENERGIA 137,036,000 490,095 1,055,567 COMPANHIA DE TECIDOS NORTE 16,060,300 1,125,878 1,471,592 DURATEX S.A. 51,015 232,761 648,746 FRESENIUS AG 19,100 2,218,549 2,582,996 * HENKEL KGAA 426 35,912 42,712 HYUNDAI MOTOR COMPANY 6,960 142,551 472,331 ITAUSA 103,607 124,080 328,277 KLABIN S.A. 184,300 320,841 327,487 LG ELECTRONICS INC. 10,010 246,703 501,069 PETROLEO BRASILEIRO PETROBRAS 200,900 2,021,236 3,200,809 PORSCHE AG 4,490 3,670,583 3,214,622 PROSIEBENSATI MEDIA 16,169 296,499 311,830 SAMSUNG ELECTRONICS LTD. 16,489 3,512,659 8,009,195 TELE NORTE LESTE PARTICIPACOES 30,900 652,721 840,141 TELECOMUNICASOES DE SAO PAULO S.A. 44,553 681,822 914,715 TELEMIG CELULAR PARTCIPACOES, S.A. 413,000,963 543,491 802,836 TRANSNEFT 271 409,153 639,560 ULTRAPAR PARTICIPACOES S. A. 12,600 197,029 175,337 UNIVERSO ONLINE S.A. 34,000 266,452 286,791 USINAS SID MINAIS GERAIS 34,900 469,788 830,846 VOLKSWAGEN AG 547 19,083 20,874

TOTAL FOREIGN PREFERRED STOCKS 24,905,274 37,267,317

COMMON STOCKS - FOREIGN

77TH BANK 1,241,400 5,267,269 9,423,828 ABN AMRO HOLDINGS NV 586,755 13,343,024 15,288,641 ABSA GROUP 20,414 276,722 325,079 ABS-CBN HOLDINGS CORPORATION 554,000 273,182 133,186

B-46 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

ACCOR 198,345$ 8,783,443 $ 10,869,681 ACER INC. 338,432 495,703 850,125 ACIBADEM SAGLIK GROUP 22,090 154,815 204,310 ACS ACTIVADES DE CONSTRUCCION 4,082 110,548 131,014 ACTA HOLDINGS 84,000 179,427 222,056 ACTELION INC. 6,000 677,919 494,859 ADANA CIMENTO 14,768 110,508 121,291 ADIDAS-SALOMON AG 1,774 279,706 334,803 ADVANCED ENGINEERING 1,133,602 714,108 1,038,925 ADVANCED INFORMATION SERVICES PUBLISHING CO. 169,100 256,868 437,185 ADVANTECH EQUIPMENT CORP. 209,073 465,973 592,022 AEGIS GROUP 57,858 129,783 121,180 AEGON NV 1,467,907 18,490,415 23,807,708 AEON COMPANY LTD. 369,700 6,037,915 9,396,763 AEON CREDIT SERVICE CO. 30,600 2,245,561 2,893,298 AEON MALL CO. 65,900 2,337,381 3,210,413 AFP PROVIDA 331,800 503,096 654,463 AFRICAN BANK INVESTMENTS 501,595 1,220,442 1,937,576 AGORA 8,720 176,455 184,712 AIFUL CORP. 69,529 5,305,295 5,802,428 AIR LIQUIDE 2,408 421,698 461,558 AIRASIA 1,880,000 729,053 790,898 AIRPORTS OF THAILAND 830,800 985,069 1,063,829 AISIN SEIKI CO. 3,200 78,565 117,394 AJINOMOTO CO. 338,000 3,483,274 3,456,460 AKBANK 200,284 974,846 1,630,136 AKZO NOBEL NV 130,449 5,266,194 6,024,054 ALARKO HOLDINGS 3,043 82,558 128,340 ALCATEL 630,974 10,533,127 7,792,459 ALEXANDER FORBES LTD. 793,800 1,312,226 1,814,758 ALFA LAVAL S.A. 35,500 118,014 197,195 ALK-ABELI 1,225 164,611 130,570 ALL AMERICA LATINA UNITS 7,700 203,742 328,870 ALLIANCE & LEICESTER PLC 251,000 3,971,294 4,283,188 ALLIANZ AG 108,674 13,570,074 16,400,170 ALMANCORA 2,606 175,873 284,336 ALPHA BANK 11,419 337,154 332,691 ALSTOM S.A. 1,448 61,588 83,042 ALTANA AG 52,304 2,820,295 2,847,850 ALUMINA LIMITED 1,921,083 8,321,616 10,456,341 ALUMINUM CORP. OF CHINA LIMITED 184,000 119,298 140,013 AMCOR LIMITED 1,929,284 9,926,449 10,571,740 AMERICA MOVIL - CLASS L 3,396,700 2,591,501 4,965,259 AMMB HOLDINGS 668,700 437,309 419,320 AMOREPACIFIC CORPORATION 1,570 329,738 490,795 ANADOLU EFES 86,121 1,225,662 2,405,526 ANDHRA BANK 893,221 965,930 1,831,688 ANGANG NEW STEEL COMPANY 292,000 145,284 157,231 ANGLO AMERICAN, PLC 681,256 14,734,969 23,093,893 ANGLO IRISH BANK 355,800 4,359,172 5,413,922 ANHUI EXPRESSWAY COMPANY 144,000 98,914 69,646 ARRIVA 175,300 1,730,226 1,753,012 ASAHI BREWERIES 216,179 2,598,391 2,635,614 ASAHI KASEI CORP. 24,000 137,163 162,264 ASIA ALUMINUM HOLDINGS CO. 329,000 37,878 28,430 ASIA OPTICAL COMPANY 31,186 193,200 214,123 ASIAN PAINTS OF INDIA 109,600 520,069 1,405,977 ASKUL CORPORATION 24,000 696,684 732,017 ASSICURAZIONI GENERALI 254,175 6,963,813 8,850,454 ASSOCIATED BRITISH PORTS HOLDINGS 24,780 212,093 249,716

B-47 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

ASSURANCES GENERALES DE FRANCE 54,600$ 4,359,739 $ 5,390,567 ASTRA INTERNATIONAL 700,732 405,590 726,368 ASTRAZENECA 449,100 19,744,481 21,813,262 ASUSTEK COMPUTER INC. - GLOBAL 291,100 626,100 895,201 ATOS ORIGIN 2,017 132,133 132,400 AU OPTRONICS CORP. 629,063 796,324 938,528 AUCKLAND INTERNATIONAL AIRPORT 128,037 188,015 172,655 AUST INFRAST FUND 29,375 55,160 50,853 AUTOLIV, INC. 3,490 149,173 157,428 AUTOST TORINO 7,099 143,026 133,559 AVENG, INC. 264,616 286,673 750,562 AVIVA PLC 281,700 3,046,062 3,409,440 AXA EUROPE 473,500 13,047,914 15,225,171 AXTEL S.A. 122,100 299,220 313,237 AYGAZ A.S. 30,609 110,936 137,021 BAA 921,040 8,506,546 9,914,095 BAE SYSTEMS 1,758,375 5,206,936 11,523,850 BALFOUR BEATTY 18,764 115,623 114,679 BALOISE HOLDINGS 42,900 2,139,264 2,498,255 BANCA INTESA SPA 80,669 354,418 425,810 BANCA POPOLARE DI MILANO 46,672 431,772 509,506 BANCA POPULARE DI INTRA 3,875 68,325 53,844 BANCA POPULARE DI SONDRIO 3,245 47,110 46,850 BANCO COMMERCIAL PORTUGUESE 969,017 2,477,273 2,663,199 BANCO DE SABADELL 180,607 3,736,962 4,720,855 BANCO SANTANDER 299,440 3,797,337 3,938,230 BANCOLOMBIA S.A. 105,000 519,123 704,432 BANGKOK BANK - NON VOTING 202,699 440,426 519,107 BANK CENTRAL - ASIA 1,237,500 373,153 427,591 BANK HANDLOWY W WARSZAWIE 5,597 119,778 114,263 BANK HAPOALIM B.M. 115,516 223,919 536,461 BANK LEUMI LE ISRAEL 112,000 326,763 429,389 BANK OF CYPRUS PUBLIC CO., LTD. 43,700 213,511 237,113 BANK OF EAST ASIA 3,975,116 10,762,531 12,022,425 BANK OF IRELAND 1,128,650 13,026,451 17,706,278 BANK OF MANDIRI 14,152,906 1,859,225 2,358,817 BANK OF THE PHILIPPINE ISLANDS 653,980 537,117 672,045 BANK OF YOKOHAMA 26,000 154,029 212,573 BANK PEKAO 30,762 1,231,512 1,647,931 BANK PPH 1,951 296,599 449,507 BANK ZACHODNI 9,395 294,879 408,115 * BARCLAYS 2,185,575 19,362,774 22,925,245 BARLOWORLD LIMITED 26,674 278,443 464,845 BARRATT DEVELOPMENTS 282,800 3,613,320 4,786,999 BASF AG 109,427 6,987,724 8,352,419 BASSO INDUSTRY 335,780 771,608 760,650 BAYER AG 644,893 20,084,640 26,844,522 BBVA 1,256,268 16,731,791 22,346,010 BCA INTESA DI RISP 95,647 396,324 471,025 BCA POPULAR EMILIA 2,023 108,092 102,847 BCA POPULARETRUR-LAZIO 3,501 58,251 58,351 BCE POPLARE UNITE 203,907 3,911,739 4,454,403 BCO CREDITO INVESTORS 93,810 710,641 2,350,334 BCO POP VERON 254,770 4,476,261 5,135,783 BEIJING CAPITAL INTERNATIONAL AIRPORT 880,459 339,700 403,122 BEIJING DATANG POWER 153,000 194,678 258,501 BEMA GOLD CORPORATION 42,602 136,078 122,903 BENETTON GROUP SPA 735,203 7,601,851 8,342,548 BENI STABILI SPA 58,509 51,454 56,212 BENQ CORPORATION 904,050 909,221 873,964

B-48 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

BERKELEY GROUP 192,346$ 1,143,944 $ 3,668,633 BERLIAN LAJU TANKERS 1,479,000 152,220 156,317 BG GROUP 1,652,212 13,068,321 16,295,319 BHARAT HEAVY ELECTRIC LIGHT CO. 4,421 113,150 136,240 BHARAT PETROLEUM CORP. 130,492 874,994 1,258,823 BHARTI TELE-VENTURES 417,600 3,396,228 3,207,383 BHP BILLITON LIMITED 677,412 7,757,375 11,304,829 BHP BILLITON PLC 1,371,933 11,059,223 22,363,250 BIDVEST GROUP 111,066 762,544 1,619,804 BIJOU BRIGITTE NPV 5,900 1,275,235 1,593,690 * BILFINGER BERGER NPV 4,093 180,306 195,192 BIM BIRLESIK MAGAZALAR 5,246 104,098 130,034 BK RAKYAT 12,657,600 2,514,552 3,891,182 BKW FMB ENERGIE AG 660 37,662 44,068 BLUESCOPE STEEL LTD. 596,300 3,674,348 3,048,789 BNP PARIBAS 636,259 35,693,460 51,296,627 BOLU CIMENTO SANAY 53,182 101,164 120,412 BOOTS CO. 1,311,031 15,335,343 13,616,810 BOSCH CORP. 20,083 112,424 96,986 BOUYGUES 302,495 11,192,435 14,736,169 BP PLC 2,051,679 21,251,522 21,802,541 * BRAMBLES INDUSTRIES 18,036 112,609 133,891 BRASIL TELECOM S.A. 110,788 - 830 BRIDGESTONE CO. 341,000 5,034,253 7,092,730 BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED 1,256,000 268,454 186,289 BRITISH LAND CO. 2,752 38,128 50,363 BRITISH SKY BROADCASTING 11,736 112,555 100,034 BT GROUP 3,545,377 12,476,814 13,557,737 BULGARIA COMPENSATION NOTES 13,572 5,989 5,681 BULGARIA COMPENSATION VOUCHERS 59,906 27,860 26,775 BULGARIA HOUSING COMPENSATION NOTES 2,531 1,140 1,103 BUMI RESOURCES 5,104,500 400,471 394,250 BURBERRY GROUP 36,657 259,730 270,446 BUZZI UNICEM SPA 15,115 230,792 235,698 BYD COMPANY LIMITED 221,000 357,077 340,612 CABLE & WIRELESS CO. 1,006,219 2,670,459 2,059,956 * CADBURY SCHWEPPES 11,269 94,219 106,307 CAIRN ENERGY 74,700 2,248,283 2,462,232 CANACCORD CAPITAL INC. 221,700 1,722,809 2,825,932 CANADIAN NATIONAL CO. 157,500 10,002,855 12,557,933 CANADIAN NATIONAL RAILWAY COMPANY 25,100 809,936 2,007,749 CANON INC. 351,000 15,323,743 20,519,359 CAPIO AB 91,799 1,456,867 1,632,141 CAPITA GROUP 708,500 5,116,389 5,069,003 CAPITALAND 2,110,000 4,053,133 4,365,167 CAPITALIA SPA 37,364 179,436 215,516 CARNIVAL PLC 81,656 4,413,132 4,626,037 CARPHNE WAREHOUSE 467,900 2,022,884 2,225,050 CARREFOUR 460,506 21,836,261 21,499,454 CASINO GUICH-PERR 54,286 5,076,871 3,601,859 CASSA DI RISPARMIO 133,348 288,000 393,227 CATHAY FINANCIAL HOLDING CO. 493,000 852,123 893,143 CELESIO AG 66,900 5,564,967 5,719,534 CELTIC HOLDINGS 11,544 89,032 36,862 CEMEX S.A. 558,324 1,606,472 3,317,093 CENTERRA GOLD INC. 688 12,370 16,579 CENTRAIS ELECTRICAS BRAS-ELETROBRAS 37,575,200 616,863 611,371 CENTRICA 3,352,107 11,830,654 14,660,174 CHAROEN POKPHAND FOODS PUBLIC LTD. 3,544,300 306,401 527,323 CHEIL INDUSTRIES 6,370 147,190 177,076

B-49 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

CHIBA BANK 8,000$ 51,307 $ 67,034 CHINA CONSTRUCTION BANK 510,000 154,842 177,596 CHINA LIFE INSURANCE CO. 515,000 349,378 454,985 CHINA MENGNIU DAIR 380,000 287,126 323,465 CHINA MERCHANTS HOLDINGS INTERNATIONAL 214,756 322,775 466,707 CHINA MOBILE 761,400 2,536,095 3,603,947 CHINA MOTOR CO. 835,690 1,034,173 848,591 CHINA NATIONAL AVIATION CO. 554,000 124,935 108,606 CHINA OVERSEAS LAND & INVESTMENT CO. 362,000 122,861 155,239 CHINA PETROLEUM AND CHEMICAL CORPORATION 4,376,000 1,779,263 2,172,889 CHINA RESOURCES ENTERPRISE 325,800 299,014 581,970 CHINA RESOURCES POWER HOLDING COMPANY 1,808,900 774,302 1,020,686 CHINA SHENHUA ENERGY CO. 3,446,000 3,586,228 3,799,976 CHINA SHIPPING 292,000 230,703 214,663 CHINA STEEL 1,460,824 1,118,997 1,111,975 CHINA TELECOMMUNICATIONS CORPORATION 4,720,000 1,532,677 1,734,947 CHINA TRUST FINANCIAL CORP. 1,537,224 1,160,434 1,216,936 CHIYODA CORP. 148,000 1,807,340 3,398,119 CHUGAI PHARMACY CO. 317,400 6,442,663 6,803,541 CHUNGHWA TELECOMMUNICATIONS 242,000 414,786 418,524 CIA SANEAMENTO BASICO EST SAO PAULO 14,495,800 705,508 974,455 CIBA SPEZIALITATENCHEMIE 248,515 15,958,029 16,027,751 CIE DE ST-GOBAIN 114,810 5,923,504 6,805,063 CITIC INTERNATIONAL FINANCIAL HOLDINGS LTD. 391,000 153,780 144,982 CITIC PACIFIC LTD. 2,736,500 7,537,860 7,570,458 CJ HOME SHOPPING 2,693 209,496 331,413 * CLARIANT 477,895 6,529,625 7,016,403 CNOOC PLC 2,391,500 1,233,193 1,619,307 * COCA-COLA HELLENIC BOTTLING CO. 129,400 3,663,444 3,797,528 COMMERCE ASSET HOLDINGS 1,896,700 2,709,890 2,860,482 COMMERCIAL INTERNATIONAL BANK OF EGYPT 5,000 30,293 51,126 COMMERZBANK AG 22,459 544,442 689,309 COMMONWEALTH BANK OF AUSTRALIA 98,500 2,666,712 3,088,887 COMPAGNIE FINANCIERE RICHEMONT 13,849 506,283 601,057 COMPAL ELECTRONIC INC. 2,919,280 3,132,480 2,631,023 COMPANHIA DE CONCE 40,100 1,022,791 1,270,563 * COMPASS GROUP 90,185 366,048 341,389 COMPTON PETROLEUM CORP. 114,500 1,061,387 1,676,112 COMSYS HOLDINGS NPV 280,000 2,606,654 4,002,033 CONCOR LTD. 142,375 776,594 4,584,722 CONTINENTAL AG 116,894 8,302,801 10,338,416 CONTROLADORA COMMERCIAL MEXICANA 981,600 902,198 1,502,254 CORPBANCA NPV 171,186,400 957,529 936,084 CORPORACION GEO, S.A. 80,300 38,980 283,679 CORPORACION MAPFRE S.A. 6,861 118,225 112,896 COSAN S.A. 6,587 160,649 192,153 COSMO OIL 607,000 2,609,420 3,034,228 CP SEVEN ELEVEN PUBLIC COMPANY 1,037,000 135,605 149,227 CREDEM 33,857 315,657 376,397 CREDIT AGRICOLE SA 425,520 12,293,646 13,356,148 CREDIT SAISON CO. 9,400 300,262 469,084 CREDIT SUISSE GROUP 384,403 14,705,146 19,541,713 CREDITO VALTELLINESE 7,790 108,212 103,097 * CRH, PLC 276,986 5,458,662 8,118,963 CSL NPV 7,107 174,469 221,567 DAEGU BANK 14,200 172,068 214,928 DAELIM INDUSTRIAL CO. 24,860 1,030,735 1,770,707 DAI NIPPON PRINTING CO. 3,000 41,006 53,376 DAIKIN INDUSTRIES 2,800 75,879 81,844 * DAIMLERCHRYSLER AG 128,820 5,538,223 6,545,990

B-50 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

DAIRY CREST GROUP 203,900$ 1,762,448 $ 1,914,748 DAIWA SECURITIES GROUP 597,000 4,268,454 6,762,594 DANSKE BANK 11,132 318,199 390,816 DASSAULT SYSTEMS S.A. 51,000 2,864,751 2,868,890 DATANG INTERNATIONAL POWER 413,800 285,343 304,204 DBS HOLDINGS 2,519,570 20,907,806 25,001,747 DELTA ELECTRONICS - CLASS A 206,177 244,152 422,486 DELTA ELECTRONICS - CLASS B 360,000 235,115 156,293 DENIZBANK 33,024 87,105 213,808 DENKI KAGAKU KOGYO 733,000 2,635,354 3,235,559 DENSO CORPORATION 389,000 9,227,664 13,413,793 DENTSU INC. 3,687 8,161,972 11,995,323 DENWAY MOTORS LTD. 3,711,800 1,255,801 1,232,711 DEPFA BANK, PLC 3,367 51,129 49,763 DESC S.A. 328,987 750,011 411,325 * DEUTSCHE BANK AG 320,238 23,457,818 30,966,857 DEUTSCHE BOERSE AG 2,532 231,860 258,522 DEUTSCHE LUFTHANSA 745,840 9,173,799 11,005,742 * DEUTSCHE POST AG 928,334 17,972,309 22,469,736 DEUTSCHE POSTBANK AG 2,643 136,615 152,698 DEUTSCHE TELEKOM 713,082 12,790,767 11,842,912 DEUTSCHE WOHNEN AG 977 221,036 217,911 DIAGEO PLC 968,736 13,084,902 14,011,428 DIAGNOSTICOS COMPANY 38,269 392,005 712,782 DIALOG TELEKOM LTD. 3,033,638 480,339 490,231 DNB NOR ASIA 11,600 109,118 123,345 DOGAN HOLDINGS 249,046 660,897 810,805 DOGUS OTOMOTIV 26,284 116,521 133,219 DONGBU INSURANCE 31,540 282,043 638,070 DR. REDDY'S LAB LTD. 17,000 266,793 369,573 DRAGON OIL 283,950 444,644 967,630 DSG INTERNATIONAL 1,314,800 3,704,660 3,696,137 DUNDEE REAL ESTATE INVESTMENT TRUST 70,500 1,495,984 1,551,042 DUNDEE WEALTH MANAGEMENT INC. 163,850 1,316,310 1,415,269 E SUN FINANCIAL 363,270 285,949 230,618 E.ON AG 359,334 27,424,949 37,040,463 EADS AERO DEFENSE 5,121 177,075 192,691 EAST JAPAN RAILWAY CO. 1,404 7,044,571 9,647,072 EBRO PULEVA 94,800 1,736,356 1,568,853 ECZACIBASI ILAC 23,089 73,453 74,144 EDF GROUP (THE) 3,428 126,699 129,311 EDGARS CONSOLIDATED STORES 64,394 303,842 356,972 EDP ENERGIAS PORTUGAL 4,022,011 11,151,197 12,334,824 EFG EUROBANK 84,200 2,743,489 2,653,780 EFG INTERNATIONAL 73,200 2,036,687 1,943,928 EGIS GYOGYSZERGYAR 2,875 271,064 301,508 ELAN MICROELECTRONICS CORP. 391,777 330,540 171,178 ELDORADO GOLD CORP. 31,940 100,235 155,578 ELECTROLUX AB 176,700 3,814,645 4,584,795 ELEKTA 5,300 64,828 78,582 EMBOTELLADORAS ARCA S.A. 88,500 189,372 211,981 EMPRESA NACIONAL CELULOSAS 4,997 140,687 154,428 ENDESA S.A. 451,629 8,116,492 11,837,016 ENEL 472,067 3,421,974 3,694,545 ENERGIAS DO BRASIL S.A. 19,800 152,006 232,208 ENI SPA 1,194,923 19,222,634 33,023,915 EREGLI DEMIR CELIK 32,895 91,711 217,840 ERICSSON (L.M.) 2,236,287 6,307,991 7,671,027 ERSTE BANK 97,778 4,669,217 5,426,467 ESPRIT HOLDINGS 716,000 4,919,983 5,088,198

B-51 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

ESSILOR INTERNATIONAL 55,900$ 3,879,481 $ 4,496,893 EULER HERMES S.A. 22,600 1,754,006 2,031,327 EURAZEONCE NPV 26,178 2,520,611 2,721,919 EURONEXT 3,704 148,612 192,238 EVA AIRWAYS 351,806 183,081 165,497 EXEDY CORPORATION 2,600 43,430 72,693 FADESA INMOBILIAR 2,714 49,755 89,124 FANUC CO. 103,300 6,010,402 8,760,764 FAR EASTERN TEXTILE CO. 485,320 292,569 325,832 FAR EASTONE TELECOM 159,000 204,170 179,851 FARADAY TECHNOLOGY 118,810 202,070 209,816 FAST RETAILING CO. 99,600 6,774,760 9,729,628 FHB LAND CREDIT AND MORTGAGE 17,187 124,542 105,119 FINANSBANK 59,188 43,060 262,767 FINMECCICA SPA 207,977 2,488,449 4,010,970 FIRST HOLDING CO. 2,723,850 1,992,310 1,948,984 FIRST QUANTUM MINERALS LTD. 175,200 2,290,095 5,586,783 FIRSTRAND 241,422 292,197 702,284 FISCHER AG 7,700 2,294,430 2,623,241 FLUGHAFEN WIEN AG 4,321 289,680 308,308 FLUGHAFEN ZURICH AG 546 50,003 97,729 FOMENTO DE CONSTRUCCIONES 68,279 3,795,043 3,857,794 FOMENTO ECONOMICO MEXICANO S.A. 87,900 445,050 636,920 FORENINGSSPARBANKEN 35,701 882,785 971,184 FORMOSA CHEMICAL & FIBRE CO. 780,736 1,178,440 1,259,903 FORMOSA PLASTIC CO. 179,998 236,252 276,768 FORTIS GROUP NPV 1,081,107 24,854,399 34,290,659 FORTIS NPV 262,230 6,944,255 8,335,996 FORTUM GROUP 9,200 138,757 171,893 FOSCHINI 38,629 264,627 317,315 FOXCONN INTERNATIONAL HOLDINGS 1,989,000 3,090,490 3,245,075 FRANCE TELECOM 986,825 26,290,704 24,432,558 FRAPORT AG 19,418 781,343 1,028,641 FREENET AG 2,122 45,249 52,763 FRESENIUS AG 2,570 267,898 322,091 FRESENIUS MEDICAL CARE NPV 2,402 186,319 252,162 FRIENDS PROVIDENT 534,900 1,721,542 1,740,159 FUBON FINANCIAL HOLDINGS COMPANY 292,000 247,518 250,720 FUJI HEAVY LTD. 938,800 3,929,806 5,090,502 FUJI MACHINE MANUFACTURING 3,365 49,484 67,996 FUJI PHOTO FILM CO. 543,400 17,076,285 17,955,265 FUJI TELEVISION NETWORK 139 324,118 349,767 FUJITSU LTD. 8,000 57,898 60,866 FUKUOKA BANK 8,000 50,075 68,389 FUNAI ELECTRIC CO. 88,050 9,954,749 9,735,258 FYFFES PLC 616,100 1,839,811 1,671,458 GAIL (INDIA) LTD. 410,004 770,924 2,421,219 GAMESA CORPORATION 106,300 1,553,046 1,549,773 GAMUDA BERHAD 869,100 1,275,708 731,244 GENERALE DE SANTE 9,304 236,708 319,359 GENTING BERHAD 223,000 856,403 1,262,654 GEOX SPA 1,352 13,311 14,823 GETINGE AB 15,400 197,082 211,884 GKN TECHNOLOGY 1,864,141 6,968,228 9,216,761 GLAXOSMITHKLINE PLC 1,784,724 39,952,507 45,009,057 GLOBAL BIO-CHEM 1,093,000 464,781 479,290 GLOBE TELECOMMUNICATIONS 37,100 554,476 514,160 GMP CAPITAL TRUST 79,000 670,397 1,211,899 GOLD FIELDS 54,435 756,101 959,532 GRANDE CACHE COAL CORP. 400,600 3,286,881 1,128,258

B-52 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

GREENCORE GROUP 410,200$ 1,752,617 $ 1,620,902 GRENDENE S.A. 60,200 575,139 578,930 GRUPO AEROPORTUARIO 85,500 187,909 275,606 GRUPO CONTINENTAL S.A. 506,611 839,134 840,570 GRUPO FERROVIAL S.A. 44,793 2,748,764 3,090,882 GRUPO FINANCIERO BANORTE 119,964 141,938 251,258 GRUPO MEXICO-CLASS B 191,297 371,680 445,979 GRUPO MODELO S.A. 228,521 568,370 827,068 GUANGDONG BREWERY HOLDINGS 434,000 156,522 162,326 GUDANG GARAM 653,800 790,758 774,062 GUNMA BANK 7,000 42,230 51,716 GUOCO GROUP 209,000 2,170,614 2,312,773 HAN WHA 24,080 436,873 809,932 HANA FINANCIAL HOLDINGS 13,746 333,487 628,253 HANJIN HEAVY INDUSTRY 9,870 174,508 229,455 HANJIN SHIPPING 13,230 161,547 301,024 HANKOOK TIRE MANUFACTURING 149,634 1,370,768 2,109,397 HANNOVER RUECKVERSICHERUNG AG 309,010 10,727,201 10,876,464 * HANSON PLC 392,500 3,793,207 4,305,738 HANWHA CHEMICAL CORP. 29,380 398,774 335,697 HARBIN POWER EQUIPMENT CO. 446,000 248,319 299,115 HAVAS CO. 9,462 50,107 40,737 HBOS PLC 1,013,900 16,588,512 17,284,285 HEINEKEN NV 539,671 16,590,759 17,047,316 HELLENIC TELECOMMUNICATIONS ORGANIZATION 392,141 6,061,056 8,325,899 * HENKEL KGAA NPV 2,568 196,700 236,723 HENNES & MAURITZ AB 3,000 106,676 101,777 HERMES INTERNATIONAL 23,900 4,796,343 5,956,810 HIGH TECH COMPUTER CO. 132,000 1,781,719 2,475,779 HIGHLAND GOLD MINE 20,636 102,051 86,973 HILTON GROUP 137,830 799,432 860,112 HINDUSTAN PETROLEUM CORPORATION LTD. 182,612 1,285,267 1,333,786 HITACHI CAPITAL 93,900 1,833,536 1,869,567 HOLCIM LTD. (BEARER SHARES) 13,410 852,009 910,653 HON HAI PRECISION INDUSTRIES 1,988,436 8,656,695 10,897,862 HONDA MOTOR CO. 154,500 7,392,391 8,809,497 HOUSING DEVELOPMENT FINANCIAL CORP. 117,035 3,070,859 3,138,441 HOYA CORP. 225,600 6,589,641 8,104,244 HSBC HOLDINGS, PLC 825,152 13,254,965 13,216,689 HUADIN POWER INTERNATIONAL CO. 3,268,000 846,062 834,539 HUANENG POWER INTERNATIONAL INC. 912,200 617,868 600,012 HUMAX COMPANY 11,985 338,042 323,086 HUNDAI MIPO DOCK CO. 10,060 584,163 610,059 HURRIYET 52,407 147,445 205,518 HYPO REAL ESTATE NPV 2,528 94,685 131,025 HYUNDAI DEPARTMENT STORES CO. LTD. 10,254 206,364 868,321 HYUNDAI ENGINEERING & CONSTRUCTION CO. 6,880 207,019 307,298 HYUNDAI FIRE & MARINE CO. 18,450 174,391 266,479 HYUNDAI MOBIS CO. 27,280 1,065,920 2,493,615 HYUNDAI MOTOR CO. 89,410 5,876,359 8,606,212 IBERDROLA S.A. 66,700 1,572,661 1,816,628 IBIDEN CO. 4,200 86,988 224,892 ICICI BANK 1,966 7,019 25,539 IFIL INVESTMENTS SPA 448,800 1,864,567 1,909,746 ILIAD NPV 20,200 1,061,880 1,246,147 ILLOVO SUGAR 190,800 208,765 385,060 * IMI PLC 62,100 472,075 536,249 IMMOEAST IMMOBILE NPV 24,506 232,151 240,498 IMPALA PLATINUM HOLDINGS 8,513 822,540 1,250,945 IMPERIAL CHEMICAL INDUSTRIES 1,085,116 4,298,113 6,184,738

B-53 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

IMPERIAL HOLDING CO. 19,158$ 300,143 $ 424,693 IMPERIAL TOBACCO GROUP 12,839 335,125 382,858 INBEV NPV 3,351 107,686 145,340 INCHON IRON & STEEL 10,440 96,973 216,370 INDEXCHANGE INVESTMENTS 67,974 4,019,996 4,170,898 INDOFOODS SUKSES MAKMUR 6,675,200 546,233 617,320 INDOSAT 570,500 237,139 321,776 INDUSTRIA DE DISENO TEXTILE 249,329 6,703,328 8,102,345 INDUSTRIAL BANK OF KOREA 31,840 213,438 552,794 INFINEON TECHNOLOGIES 1,436,334 14,620,509 13,096,381 INFOSYS TECHNOLOGIES LTD. 7,437 206,819 495,153 ING GROEP NV 361,502 9,185,617 12,493,804 INTERSERVE PLC 272,700 1,743,842 1,694,731 IOI CORPORATION 375,500 906,012 1,231,962 ITOCHU CORP. 17,000 123,856 141,727 ITV ORD. 841,369 2,207,902 1,624,973 IVANHOE MINES LTD. 3,603 21,286 25,754 IVG IMMOBILIEN AG 8,340 158,282 174,221 J.D.GROUP 31,307 115,338 378,349 JAFCO 1,000 63,160 89,215 JAPAN TOBACCO INC. 22 218,283 320,596 JC DECAUX SA 1,894 47,257 44,011 JERONIMO MARTINS 4,167 48,922 62,423 JIANGSU EXPRESSWAY CO. 1,948,000 1,111,407 1,099,174 JOHNNIC HOLDINGS 16,526 29,208 31,267 JS GROUP CORPORATION 639,996 11,289,763 12,796,666 JSR CORP. 297,000 6,165,104 7,800,559 KALINA CONCERN 5,660 209,839 214,848 KANGWON LAND, INC. 47,170 633,850 958,939 KAO CORP. 438,000 9,753,963 11,726,510 KARSTADT QUELLE AG 103,093 1,911,205 1,549,227 KASIKORNBANK PCL 982,300 1,015,114 1,743,098 KAZAKHMYS 17,749 188,568 235,690 KBC BANKVERZEKERINGEN NPV 16,412 1,192,696 1,522,568 KDDI CORPORATION 2,992 15,029,602 17,237,651 KELDA GROUP 296,400 3,665,288 3,938,458 KENEDIX INC. 258 1,028,974 1,624,112 KESA ELECTRICALS 341,922 1,628,043 1,526,186 KEYENCE CORPORATION 55,800 13,098,311 15,861,137 KIMBERLY CLARK DE MEXICO 355,450 1,081,908 1,269,745 KINGFISHER 1,492,187 7,632,444 6,077,662 KK DAVINCI ADVISORS COMPANY 202 1,010,780 1,521,461 KOC HOLDINGS 123,048 627,847 578,139 KOITO MANUFACTURING CO. 10,000 82,238 153,520 KOMERCNI BANKA 12,574 1,635,315 1,757,127 KOMERI COMPANY 57,000 1,968,472 2,448,445 * KONINKLIJKE KPN NV 4,287,537 34,548,514 42,835,875 * KONINKLIJKE PHILIPS ELECTRIC NV 554,788 14,599,137 17,178,005 KOOKMIN BANK 222,121 9,109,857 16,809,862 KOREA ELECTRIC POWER CORPORATION 197,060 4,545,057 7,368,912 KOREA INVESTMENT HOLDINGS CO. 14,420 339,510 613,404 KOREA KUMHO PETROLEUM CO. 8,460 151,401 163,618 KOREA TOBACCO & GINSENG CORPORATION 22,860 548,308 1,018,789 KOREAN AIRLINES CO. 15,860 294,042 500,503 KRUNGTHAI BANK PUBLIC CO. LTD. 5,626,200 1,284,975 1,495,746 KT CORPORATION 46,700 1,872,738 1,887,218 KT&G CORP. 85,600 637,748 1,906,312 KUALA LUMPUR KEPONG BERHAD 240,800 420,062 535,182 KUMHO TIRE CO. 64,560 984,068 1,012,292 KURARAY CO. 785,200 6,373,621 8,129,411

B-54 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

KYOWA HAKKO KOGYO 48,000$ 333,354 $ 334,695 * LAFARGE 88,496 7,305,922 7,933,295 LAGARDERE 1,708 131,505 130,954 LAND & HOUSE, PCL 804,000 175,199 163,741 LAND SECURITIES GROUP 437,429 8,088,412 12,488,402 LARSEN & TOUBRO 3,617 109,610 148,200 LEGAL & GENERAL GROUP 1,915,800 3,874,557 4,012,519 LEOPALACE 21 CORP. 2,083 64,547 75,534 LG CHEMICAL, LTD. 26,400 1,024,474 1,488,647 LG ELECTRONICS, INC. 26,990 1,560,644 2,384,336 LI & FUNG 7,906,900 12,124,662 15,245,682 * LINDE AG 4,001 294,314 310,441 LITE-ON TECHNOLOGY CORP. 303,080 316,105 412,960 LLOYDS TSB GROUP 1,763,981 14,840,699 14,793,316 LOCALIZA RENT A CAR S.A. 55,045 257,796 674,776 LOJAS RENNER SA 22,300 352,223 716,025 LONDON STOCK EXCHANGE 6,520 56,464 69,398 LONZA GROUP AG 50,224 2,446,749 3,063,856 LS CABLE LTD. 5,700 135,019 195,667 LUXOTTICA GROUP 317,935 7,835,788 8,036,684 LVMH MOET-HENNESSY LOUIS 12,615 909,901 1,116,746 * M.A.N. AG 1,338 48,687 71,147 MAANSHAN IRON & STEEL CO. 192,000 64,593 59,431 MABUCHI MOTOR 185,500 13,772,621 10,294,205 MACQUARIE AIRPORTS NPV 171,996 381,005 399,952 MACQUARIE BANK NPV 109,500 4,634,122 5,474,062 MAGNUM CORP. 1,769,000 1,093,693 889,298 MAGYAR OLAJ ES GAZIPARE 33,837 968,636 3,154,102 MAHANAGAR TELEPHONE 532,256 1,536,821 1,705,206 MALAYAN BANKING, BHD. 285,800 846,359 839,365 MANILA ELECTRIC COMPANY 445,440 366,858 182,678 MANULIFE FINANCIAL CORP. 148,900 6,958,860 8,702,138 MARKS & SPENCER 485,188 2,746,667 4,206,380 MARUBENI CORP. 726,300 2,461,324 3,895,178 MARUI CO. 333,400 4,555,157 6,539,193 MATAV HUNGARIAN TELECOMMUNICATIONS CO., LTD. 465,574 1,983,968 2,077,462 MATSUMOTOKIYOSHI CO. 104,200 2,658,994 3,292,942 MATSUSHITA ELECTRIC INDUSTRIES 483,000 7,243,346 9,309,709 MAXIS COMMUNICATION 192,500 425,783 427,834 MBF CAPITAL 2,000 25,483 32 MCALPINE LTD. 385,900 2,607,486 2,630,100 MEDIA TEK INC. 661,500 5,600,797 7,794,675 MEDION NPV 129,431 5,146,709 1,772,503 MEGA FINANCIAL HOLDING CO. LTD. 974,000 604,852 633,161 MEINL EIROPEAN 3,328 59,337 58,530 METRO AG 243,673 10,646,992 11,726,919 MICHELIN 78,000 4,713,233 4,368,393 MIGROS 156,459 1,014,245 1,516,547 MILANO ASSICURAZIO 574,500 3,514,684 3,913,437 MILLEA HOLDINGS, INC. 657 8,705,445 11,299,754 MINARA RESOURCES LTD. 411,376 532,153 571,844 MINEBEA CO. 981,000 3,963,598 5,227,900 MISUMI GROUP INC. 39,700 1,561,196 1,728,865 MITAC INTERNATIONAL CORP. 108,000 158,827 158,828 MITSUBISHI ESTATE CO. 2,222,000 24,298,459 46,123,018 MITSUBISHI GAS & CHEMICAL CO. 110,000 571,499 1,039,143 MITSUBISHI TOKYO FINANCIAL GROUP 4,899 44,188,305 66,410,233 MITSUI & CO. 1,446,100 14,715,669 18,561,734 MITSUI CHEMICALS 606,000 3,591,917 4,071,490 MITSUI FUDOSAN CO. 7,812 138,550 158,517

B-55 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

MITTAL STEEL LTD. 61,033$ 412,018 $ 589,400 MIZUHO FINANCIAL GROUP 124 621,431 983,343 MK LAND HOLDINGS 1,362,800 742,318 183,894 MOBILEONE 1,320,000 1,732,561 1,682,944 MOBINIL 103,800 724,391 3,621,673 MODERN TIMES GROUP 43,950 1,531,312 1,830,652 MORI SEIKI 212,500 2,267,993 3,186,690 MORRISON SUPERMARKET 1,289,702 5,879,849 4,284,276 M-REAL 1,394,824 8,272,179 6,943,017 MTN GROUP, LTD. 474,299 1,458,481 4,647,644 MUNCHENER RUCKVERSICHERUNGS 55,635 6,597,127 7,506,103 MURATA MANUFACTURING CO. 66,600 4,114,763 4,265,831 N.G.K. SPARK PLUG CO. 5,000 61,979 108,023 NAMPAK 580,002 915,768 1,539,966 NAN YA PLASTIC CO. 445,594 522,426 613,246 NASPERS 159,109 2,731,533 2,809,901 NATEXIS BANQUE POPULAIRE 15,500 2,235,332 2,572,422 NATIONAL AUSTRALIA BANK 739,422 15,862,134 17,573,857 NATIONAL BANK OF GREECE 80,236 2,798,703 3,407,125 NATIONAL BANK OF PAKISTAN 39,200 62,576 130,765 NATIONAL GRID PLC 7,159 63,071 69,870 NATURA COSMETICOS COMPANY 41,100 1,937,840 1,812,236 NEDCOR 532,350 5,122,068 8,393,378 NELSON RESOURCES LTD. 157,780 369,028 348,744 NEOMAX COMPANY LTD. 48,000 1,310,389 1,577,904 NEPTUNE ORIENT LINES 1,365,000 3,081,045 2,758,239 * NESTLE S.A. 77,873 18,217,558 23,220,979 NETWORK HEALTHCARE HOLDINGS LTD. 386,500 331,935 458,255 NEWCREST MINING LTD. 55,416 713,554 987,805 NEWS CORPORATION 38,829 650,503 649,413 NHN CORP. 2,189 429,961 584,686 NIDEC CORP. 79,200 4,483,688 6,730,289 NIEN HSING TEXTILE CO. 677,000 617,033 461,736 NIEN MADE ENTERPRISE 109,400 147,295 136,071 NIHON KODEN CORP. 174,000 2,598,317 2,845,209 NIKKO CORDIAL CORP. 381,500 4,409,630 6,037,804 NIKON CORP. 500,000 6,816,918 7,883,589 NIPPON ELECTRIC GLASS 474,000 10,476,796 10,341,015 NIPPON EXPRESS CO. 3,026,000 12,732,969 18,433,398 NIPPON OIL CORP. 517,000 4,148,137 4,007,922 NIPPON PAPER GROUP INC. 1,310 4,583,185 5,238,668 NIPPON TELEPHONE & TELEGRAPH CORP. 1,600 6,960,965 7,265,949 NISSAN MOTOR CO. 4,399,600 44,283,367 44,543,945 NITTO DENKO CORP. 66,500 3,908,237 5,177,794 NOBEL BIOCARE 12,230 2,603,902 2,681,794 NOKIA OY 218,147 4,121,802 3,975,521 NOMURA (NIKKEI) 12,818 1,514,074 1,754,968 NOMURA (TOPIX) 125,900 1,553,631 1,773,885 NOMURA HOLDING INC. 809,700 13,240,282 15,503,871 NORDEA BANK AB 1,008,484 7,408,178 10,454,091 NORSK HYDRO 54,380 4,729,377 5,565,492 NORTHERN FOODS 898,000 2,615,318 2,335,587 NORTHUMBRIAN WATER 660,300 2,618,436 2,760,243 NOVARTIS AG 574,163 24,090,220 30,081,532 NOVATEK MICROELECTRONICS 50,468 197,245 296,572 NOVATEK OAO 60 79,076 132,000 NOVATEK OAO G.D.R. 5,668 94,939 127,028 NOVO-NORDISK 1,200 60,690 67,273 NSK LTD. 716,000 3,607,093 4,889,401 NTT DATA CORP. 2,806 9,942,164 13,955,113

B-56 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

NTT DOCOMO INC. 4,714$ 7,924,610 $ 7,189,020 NUMICO KONINKLIJKE NV 5,169 198,589 213,276 NUTRECO HOLDINGS 45,600 1,744,020 2,006,811 O.Y. LINDS BERHAD 935,000 507,988 841,117 OAO NOVATEK 12,100 247,140 272,250 OIL & NATURAL GAS CORPORATION 45,241 727,160 1,180,980 OLD MUTUAL, PLC 2,499,939 5,177,234 7,070,914 OMV AG 17,839 728,756 1,046,839 OPTI CANADA INC. 94,000 1,560,449 3,071,506 OPTIMAX TECHNOLOGY 557,948 1,046,838 953,046 ORASCOM CONSTRUCTION INDUSTRY 157,681 539,446 6,008,295 ORASCOM TELECOMMUNICATIONS 12,025 358,323 1,263,654 ORIENT OVERSEAS INTERNATIONAL 713,500 3,108,225 2,420,188 ORIX CORP. 81,200 10,362,675 20,673,218 ORKLA ASA 3,626 119,430 149,672 OSAKA GAS CO. 1,196,000 3,755,722 4,124,138 OTP BANK 47,022 803,005 1,530,692 PAKISTAN OIL 23,500 148,389 163,840 PANVA GAS HOLDINGS 259,000 107,345 137,792 PAPERLINX NPV 68,000 188,806 191,545 PARMALAT SPA 73,029 220,798 177,667 PATRICK CORP. 32,692 136,801 177,461 PEARSON 447,314 6,211,929 5,279,493 PENDRAGON 317,342 1,720,814 2,789,360 PENIN & ORIENT STEAM NAV 34,151 168,475 273,210 PERNOD-RICARD 4,563 736,081 793,349 PETER HAMBRO MINING 11,494 116,511 182,129 PETROCHINA CO. 1,720,000 856,905 1,408,645 PHILIPPINE LONG DISTANCE 3,970 115,758 137,361 PHONAK HOLDING CO. 36,000 1,621,647 1,546,037 PICC PROPERTY & CASUALTY CO. 196,000 53,315 56,245 PICK'N PAY STORES LTD. 90,300 340,706 408,610 PILKINGTON 1,699,600 3,609,703 4,347,505 * PINAULT-PRINTEMPS 64,341 6,587,670 7,221,260 PIONEER CORP. 281,200 4,532,522 3,897,680 PIRELLI E SPA 1,724,295 1,822,785 1,578,300 POINT INC. 25,500 1,540,916 2,123,740 POLARIS SECURITIES LTD. 331,542 183,788 149,907 POLSKI KONCERN NAFTOWY 30,676 274,195 590,466 PORTO SEGURO S.A. 30,800 235,567 329,694 PORTUGAL TELECOMMUNICATIONS 13,464 123,963 135,786 POSCO 16,480 1,585,780 3,293,227 POTASH CORPORATION OF SASKATCHEWAN 118,200 13,282,239 9,420,383 POWERCHIP SEMICONDUCTOR CORP. 1,092,760 572,962 720,344 POWSZECHNA KASA OSZCZED BANK 396,662 3,095,921 3,531,405 PRAKTIKER BAU HOLDINGS 5,567 101,782 100,797 PRESIDENT ENTERPRISES CORP. 526,000 206,775 249,843 PRIARGUN MINING AND CHEMICAL 514 143,992 151,630 PROMOTORA DE INFORMATION 7,411 141,387 125,880 PROTON HOLDINGS 69,400 148,079 120,273 PRUDENTIAL PLC 821,527 6,282,041 7,756,961 PTT CHEMICAL COMPANY 111,376 266,507 220,036 PTT EXPLORATION & PRODUCTION 261,600 866,829 3,011,590 PTT PUBLIC COMPANY LIMITED 290,709 807,259 1,602,445 PUBLIC POWER CORP. 277,960 5,989,080 6,052,438 PUBLICIS GROUPE S.A. 3,177 95,114 110,174 Q-CELL AG 114 5,179 6,633 QIAGEN NV 181,600 2,141,987 2,127,068 QUANTA COMPUTER 1,600,858 2,739,755 2,247,041 RAIFFEISEN INTERNATIONAL BANK 80,822 4,977,207 5,321,521

B-57 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

RAILPOWER TECHNOLOGIES CORP. 443,800$ 1,966,663 $ 2,457,271 RAMAYANA LESTARI SENTOSA 7,972,000 479,845 656,232 RANBAXY LABORATORIES 212,633 1,358,211 1,711,788 RECKITT BENCKISER, PLC 224,084 6,965,138 7,386,167 REED ELSEVIER, PLC 1,010,700 9,143,682 9,473,751 RELIANCE INDUSTRIES, PLC 149,230 1,218,945 2,949,622 REMGRO LTD. 16,764 198,194 322,461 REMY COINTREAU 1,392 68,049 65,677 RENAULT REGIE NATIONALE DES USINES S.A. 2,404 199,197 195,375 RENGO COMPANY 486,000 2,607,429 2,939,964 REPSOL S.A. 1,419,459 32,593,074 41,305,545 RESEARCH IN MOTION LTD 90,600 6,447,994 5,952,617 RESORTS WORLD 314,200 773,248 931,086 REUNERT CO. 35,754 220,298 296,517 * REXAM 523,740 3,450,650 4,567,584 RHON-KLINIKUM AG 3,740 120,134 142,448 * RICHTER GEDEON VEGYESZETI GYAR 3,829 317,433 685,481 RICOH 858,200 14,142,432 15,014,682 RINNAI CORP. 357,300 8,177,830 8,461,014 RIO TINTO 219,373 5,781,727 9,998,958 RIO TINTO LIMITED 4,197 193,470 212,431 ROCHE HOLDINGS AG 184,697 19,512,873 27,649,545 ROHM CO. 177,500 17,888,212 19,294,458 ROLLS ROYCE CO. 920,436 3,135,780 6,755,178 ROLLS ROYCE CO. - CLASS B 29,867,115 26,720 52,556 ROYAL BANK OF SCOTLAND 1,918,022 52,970,906 57,788,013 * ROYAL DUTCH SHELL - CLASS A 2,293,014 58,129,842 69,727,802 * ROYAL DUTCH SHELL - CLASS B 543,913 14,967,271 17,349,310 ROYAL UNIBREW 2,855 236,971 240,195 RWE AG - CLASS A 72,325 4,200,373 5,336,200 RYOHIN KEIKAKU CO. 33,200 2,218,536 2,894,417 SABANCI HOLDINGS 157,958 689,347 894,102 SABMILLER, PLC 6,598 120,193 120,181 SAFILO GROUP 26,404 159,384 150,741 SAINSBURY LTD. 2,637,911 12,594,103 14,276,518 SAIPEM 212,900 3,015,226 3,480,609 SALZGITTER AG 75,800 1,878,444 4,077,091 SAMSUNG ELECTRO MECHANICS CO. 22,380 641,741 851,274 SAMSUNG ELECTRONICS 35,623 13,952,425 23,223,570 SAMSUNG FIRE & MARINE 24,520 1,423,392 3,104,871 SAMSUNG SDI 9,240 900,071 1,064,905 SAMSUNG SECURITIES CO. 70,280 1,929,707 4,317,541 SAN PAOLO-IMI SPA 128,700 1,696,928 2,005,385 SANLAM LTD. 887,768 1,472,313 2,126,164 SANOFI-AVENTIS 932,147 66,621,841 81,364,036 SANTEN PHARMACEUTICAL CO. 121,900 2,667,022 3,366,890 SANTOS LIMITED 428,600 3,755,560 3,851,394 SAP AG 123,071 20,648,823 22,236,895 SAPPI 174,000 2,154,962 1,989,238 SASOL 359,291 7,547,523 12,830,810 SBERBANK ROSSII 2,024 982,541 2,651,440 SCHERING AG 174,100 9,918,500 11,613,088 SCHNEIDER ELECTRIC 120,704 9,218,640 10,728,062 SCOTTISH & NEWCASTLE PLC 28,940 251,162 241,707 SCOTTISH POWER 605,563 5,282,816 5,650,228 SEAMICO SECURITIES 257,700 52,275 28,158 SECOM CO. 140,000 5,851,039 7,318,478 SEGA SAMMY HOLDINGS INC. 3,300 113,981 110,438 SEIYU 30,000 66,422 85,402 SEKISUI CHEMICAL 1,449,000 9,650,390 9,796,679

B-58 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

SEKISUI HOUSE 872,900$ 7,477,943 $ 10,975,037 SESA GOA LIMITED 19,231 439,823 432,516 SEVEN 323,240 9,675,420 13,830,060 SGS S.A. 4,651 3,261,295 3,910,094 SHANGHAI INDUSTRIAL HOLDINGS 508,700 920,157 1,059,580 SHARP CORP. 1,056,000 16,404,654 16,050,698 SHERRITT INTERNATIONAL CORP 207,800 1,813,756 1,796,670 SHIMAMURA MUSIC, CO. 19,000 2,106,466 2,627,129 SHIN CORPORATION, PLC 428,400 287,767 441,461 SHIN-ETSU CHEMICALS CO. 135,001 4,621,823 7,171,535 SHINHAN FINANCIAL GROUP 41,387 584,298 1,680,700 SHINSEI BANK 1,587,000 9,167,676 9,169,990 SHN CHIWAN WHARF 90,650 140,335 126,150 SHOPPERS DRUG MART CORP. 65,500 2,143,726 2,466,027 SHOPRITE HOLDINGS LTD. 126,317 84,588 367,051 SIAM CEMENT COMPANY, LTD. - CLASS A 12,000 27,015 77,268 SIAM CEMENT COMPANY, LTD. - CLASS B 101,200 572,017 602,263 SIAM CITY CEMENT, PLC 29,700 206,362 243,395 SIAM COMMUNITY BANK 852,300 635,510 1,080,966 SIAM MAKRO 208,400 174,103 353,263 SIAS 3,684 49,953 44,802 * SIEMENS AG 302,821 21,736,054 25,850,022 SIGMA PHARMACEUTICALS LTD. 509,580 1,054,196 1,166,264 SILICONWARE PRECISION INDUSTRIES 356,771 315,827 500,238 SIME DARBY 1,067,000 1,506,864 1,736,222 SINGAPORE TELECOMMUNICATIONS LIMITED 7,308,572 8,480,490 11,446,709 SINOPAC HOLDING CO. 3,625,510 1,821,142 1,749,668 SINOPEC SHANGHAI PETROCHEMICAL 702,000 245,242 269,354 SINOTRANS LTD. 1,422,900 424,701 578,075 SK CORPORATION 42,200 1,959,387 2,175,020 SK TELECOM 15,819 2,904,375 2,832,505 SKANDINAVISKA ENSKILDA BANKEN 42,000 752,926 862,840 SKANSKA AB - CLASS B 26,099 283,166 396,801 SKYLARK CO. 527,900 7,027,389 8,408,472 SKYWORTH DIGITAL HOLDINGS LTD. 286,000 102,994 98,487 SM PRIME 14,684,500 1,768,831 2,187,377 SMC CO. 700 75,796 99,932 SMITH & NEPHEW LTD. 22,579 196,846 207,573 SMITHS GROUP, PLC 6,706 110,813 120,421 SNP PETROLEUM 3,449,500 517,864 526,759 SOCIETE GENERALE 68,000 6,564,065 8,333,757 SOHGO SECURITY NPV 205,854 2,636,936 3,148,068 SOLARWORLD AG 813 124,162 107,405 SOLOMON SYSTEMS 2,114,500 825,498 879,502 SONY CORP. 12,798 441,091 522,633 ST. PETE BANK OF RECONSTRUCTION 574,000 533,820 632,797 STANDARD BANK GROUP, LTD. 531,984 3,697,662 6,358,645 STANDARD CHARTERED BANK 382,000 8,506,862 8,492,591 STATOIL ASA 388,100 7,568,673 8,883,958 STEINHOFF INTERNATIONAL HOLDINGS 357,257 311,505 1,056,140 STOCKMANN AB 3,750 107,671 143,890 SUBMARINO S.A. 22,676 181,408 402,935 SUEZ 356,588 8,714,770 11,062,132 SUMITOMO BAKELITE CO. 823,100 4,588,892 6,792,336 * SUMITOMO CHEMICAL CO. 344,700 1,292,757 2,365,560 SUMITOMO CORP. 10,030 131,065 129,592 SUMITOMO MITSUI GROUP 6,439 39,356,548 68,192,407 SUMITOMO RUBBER INDUSTRIES 5,000 61,471 71,168 SUMITOMO TRUST & BANKING CO. 679,000 4,143,767 6,932,093 SUN PHARMACEUTICAL 276,400 844,706 4,188,986

B-59 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

SUNCORP METWAY 62,300$ 951,573 $ 916,288 SUNDRUG CO. 19,600 1,020,609 1,072,744 SUNPLUS TECHNOLOGY 646,695 693,722 819,125 SUPER-SOL 159,185 299,899 399,021 SUZLON ENERGY LIMITED 17,326 219,890 344,384 SUZUKI MOTOR CO. 585,000 9,402,414 10,829,662 SVENSKA CELLULOSA 298,420 10,800,789 11,136,474 SWATCH GROUP (THE), LTD. - CLASS B 5,309 728,628 785,504 SWISS REINSURANCE COMPANY 244,128 15,844,389 17,819,427 SYNENCO ENERGY INC. 185,466 2,638,007 2,705,424 SYNGENTA AG 9,100 962,296 1,128,912 SYNTHESIS-STRATEC, INC. 90,600 10,569,998 10,146,485 T DEMIR DOKUM 13,260 75,484 98,113 T GARANTI BANKASI 368,366 895,186 1,335,546 T IS BANKASI 212,296 1,023,278 1,837,858 T SISE VE CAM FAB 35,645 120,105 123,960 T&D HOLDINGS INC. 130,800 6,244,482 8,666,068 TAE YOUNG CORPORATION 13,300 381,628 934,164 TAISHIN FINANCIAL 891,446 686,240 466,854 TAIWAN CELLULAR CO. LTD. 1,434,000 1,327,984 1,253,107 TAIWAN CEMENT CO. 471,925 275,957 336,956 TAIWAN SEMICONDUCTOR MANUFACTURING CO. 5,711,355 8,938,548 10,868,669 TAIWAN SEMICONDUCTOR MANUFACTURING CO. - CLASS B 40,700 338,071 403,337 TAKEDA PHARMACEUTICAL CO. 2,200 106,396 118,919 TAKEFUJI 214,180 14,001,062 14,535,133 TALLINK GROUP 47,300 291,609 294,179 TANABE SEIYAKU CO. 369,000 3,573,934 3,582,767 TATA CONSULTANCY SERVICES 2,771 87,024 104,810 * TATE & LYLE 202,500 1,722,134 1,957,224 TATNEFT 222,327 471,606 727,009 TAYLOR WOODROW 603,500 3,593,400 3,942,203 TDC A/S 108,600 4,651,424 6,483,249 TDK CORP. 87,400 5,963,297 6,020,181 TECHNIP S.A. 74,300 3,917,711 4,452,141 TECHTRONIC INDUSTRIES 3,153,900 7,302,231 7,504,879 TELEFONICA S.A. 449,075 6,782,149 6,732,569 TELEKOM AUSTRIA NPV 19,126 343,365 428,641 TELEKOMUNIKACJA POLSKA 200,928 871,934 1,443,395 TELEKOMUNIKASI INDONESIA 13,385,794 4,199,231 8,026,034 TELENOR AS 6,600 52,447 64,574 TELIASONERA AB 9,500 51,705 50,970 TELKOM GROUP LTD. 29,964 330,553 636,602 TELSTRA CORP. 1,437,600 5,592,055 4,144,387 TENCENT HOLDINGS LIMITED 348,000 246,352 372,526 TESCO 2,071,314 7,722,546 11,787,902 TEXWINCA HOLDINGS 338,000 258,636 244,120 TF1-TV FRANCAISE 16,672 487,620 460,958 THAI OIL PUBLIC CO. LIMITED 233,900 301,026 362,260 THOMSON S.A. 406,830 8,579,122 8,493,811 TIGER BRANDS CO. 22,618 394,980 518,868 TOHOKU ELECTRIC POWER 63,600 1,312,441 1,293,230 TOKYO ELECTRIC POWER CO. 291,200 6,870,711 7,068,440 TOKYO ELECTRON 353,800 21,974,251 22,211,793 TOLL HOLDINGS LTD. 379,200 3,770,653 4,144,616 TOMRA SYSTEMS 9,376 52,992 66,880 TOMTOM NV 67,300 3,239,544 2,302,128 TOPPAN PRINTING 4,000 38,926 46,700 TOSHIBA CORP. 35,717 182,004 213,037 TOTAL S.A. 112,559 16,285,169 28,173,575 TOYODA GOSEI 330,100 6,372,463 6,432,517

B-60 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

TOYOTA MOTOR CO. 265,900$ 9,007,821 $ 13,787,240 TPG NV 20,822 546,718 648,400 TRACTEBEL ENERGIA NPV 49,000 303,943 315,757 TREND MICRO INC. 2,000 67,571 75,574 TRINITY MIRROR ORD. 106,500 1,061,531 1,047,638 TRIPOD TECHNOLOGY 136,000 191,754 391,316 TRUE PLC 1,411,400 276,635 344,244 TRUWORTHS INTERNATIONAL 82,837 117,814 313,455 TSINGTAO BREWERY CO. 1,360,300 1,096,116 1,438,626 TUI, AG. 149,200 3,674,475 3,034,048 TUPRAS 61,827 600,436 1,134,524 TURK EKONOMI BANK 12,461 122,244 200,077 TURKCELL ILETISIM 42,975 233,058 260,745 TURKIYE VAKIFLAR BANK 81,054 350,445 428,810 UBS AG - REGISTERED 54,300 3,564,634 5,166,645 UBS, AG. - CLASS A 429,560 25,716,604 40,773,896 UCB S.A. 142,100 6,821,536 6,650,926 UNICREDITO ITALIAN 3,314,064 16,576,543 22,749,634 * UNILEVER (INDONESIA) 1,736,500 355,737 754,424 * UNILEVER NV 81,454 4,760,201 5,558,174 * UNILEVER PLC 2,191,024 19,129,271 21,684,704 UNIPOL 947,900 2,675,050 2,647,091 UNITED MICRO ELECTRONICS 5,005,069 2,961,370 2,834,524 UNITED OVERSEAS BANK 2,463,500 19,437,585 21,630,443 UPM-KYMMENE 555,257 9,644,567 10,846,028 URBI DESARROLLOS URBANOS S.A. 60,500 168,216 418,020 VALEO 422,906 16,375,824 15,668,526 VANGUARD INTERNATIONAL SEMICONDUCTOR 1,521,807 993,933 1,158,395 VENFIN LIMITED 37,166 191,165 279,514 VERKHENSALDINSKOYE 3,673 367,346 564,612 VESTAS WIND SYSTEM 7,104 114,267 116,276 VINCI 65,094 5,051,504 5,578,185 VIRIDIAN GROUP 168,840 2,386,327 2,592,763 * VIVENDI UNIVERSAL 441,170 12,534,093 13,769,310 VNU NV 201,948 5,853,028 6,672,199 VODAFONE GROUP 25,392,699 75,740,432 54,709,110 VODAFONE GROUP (EGYPT) 27,240 393,142 479,320 VOESTALPINE AG 25,600 1,767,303 2,571,230 VOLKSWAGEN AG 667,568 29,630,037 35,127,245 VOLVO AB - CLASS B 117,800 4,717,589 5,543,199 WAL-MART DE MEXICO - CLASS V 1,596,895 3,949,646 8,858,420 WAN HAI LINES 371,583 334,578 231,370 WATERFORD WEDGWOOD UNITS 15,869 3,073 948 WEICHAI POWER COMPANY 59,000 115,745 99,683 WEIQIAO TEXTILE CO. 522,500 701,289 714,318 WESFARMERS NPV 311,300 9,711,387 8,442,252 WESTERN OIL SANDS INC. 80,000 1,044,034 1,904,550 WHITEBREAD CO. 347,593 5,436,531 5,662,970 WIENERBERGER AG NPV 5,170 206,597 206,122 WILLIAM HILL ORD. 26,398 266,134 242,682 WINTEK CORP. 122,000 209,190 197,619 WISTRON CORP. 212,000 175,904 269,172 * WOLSELEY PLC 5,795 123,376 121,870 WOLTERS KLUWERS 575,757 9,145,383 11,599,612 WOOLWORTHS GROUP 3,762,154 2,777,804 2,502,738 WOORI FINANCE CO. 14,080 198,523 279,970 WPP GROUP 43,207 440,130 466,565 XINAO GAS HOLDINGS 266,000 206,241 210,987 XL CAP LTD. 223,500 15,676,821 15,059,430 YAGEO CORPORATION 3,605,000 1,260,577 1,536,705

B-61 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR EQUITY SECURITIES DECEMBER 31, 2005

NUMBER OF NOTES IDENTITY OF ISSUE SHARES COST CURRENT VALUE

YAMADA DENKI CO. 51,200$ 2,999,615 $ 6,402,711 YAMAHA MOTOR CO. 8,000 149,107 208,760 YAMANOUCHI PHARMACEUTICAL CO. 181,600 6,797,138 7,077,522 YAMATO TRANSPORT CO. 2,369 40,346 39,259 YANZHOU COAL MINING CO. 1,299,800 882,670 834,006 YAPI VE KREDI BANK 125,000 492,840 582,686 YUANTA CORE PACIFIC SECURITIES 218,898 155,335 152,295 ZTE CORP. 61,100 182,913 205,675 ZURICH FINANCIAL SERVICES 52,393 8,053,574 11,130,932

TOTAL FOREIGN COMMON STOCKS 3,389,583,354 4,118,353,313

TOTAL EQUITY SECURITIES $ 8,538,436,940 $ 9,990,364,851

B-62 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT YEAR END COMMINGLED AND MUTUAL FUNDS DECEMBER 31, 2005

NOTES IDENTITY OF ISSUE NUMBER OF UNITS COST CURRENT VALUE

COMMINGLED EQUITY FUNDS

* BGI ALPHA TILTS FUND 2,357,873 $ 253,930,339 $ 319,438,223 * BGI RUSSELL 1000 ALPHA TILTS FUND 4,197,398 288,957,963 300,509,439

TOTAL COMMINGLED FUNDS 542,888,302 619,947,662

EQUITY MUTUAL FUNDS

* GMO EMERGING MARKETS FUND CLASS IV 18,627,752 228,318,283 381,310,077

FIXED INCOME MUTUAL FUNDS

* PIMCO DEVELOPING LOCAL MARKETS PORTFOLIO 557,897 6,137,894 6,069,921 * PIMCO EMERGING MARKETS PORTFOLIO 1,809,395 20,666,708 20,500,443 * PIMCO INTERNATIONAL PORTFOLIO 4,843,651 28,093,762 24,072,945 * PIMCO INVESTMENT GRADE CORPORATE PORTFOLIO 2,069,511 21,785,746 20,136,343 * PIMCO MORTGAGE PORTFOLIO 25,477,683 270,152,531 264,458,348 * PIMCO U.S. GOVERNMENT SECTOR PORTFOLIO 18,435,690 201,236,010 197,446,238

TOTAL FIXED INCOME MUTUAL FUNDS 548,072,651 532,684,238

TOTAL MUTUAL FUNDS 776,390,934 913,994,315

TOTAL COMMINGLED AND MUTUAL FUNDS$ 1,319,279,236 $ 1,533,941,977

B-63 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT YEAR END OTHER INVESTMENTS DECEMBER 31, 2005

NOTES NAME NUMBER OF SHARES COST CURRENT VALUE

REAL ESTATE RELATED INVESTMENTS

ALEXANDRIA REAL ESTATE 72,771 $ 5,851,893 $ 5,858,065 AMB PROPERTY CORPORATION 395,140 11,914,539 19,429,033 AMERICAN FINANCIAL REALTY TRUST 162,300 2,416,423 1,947,600 APARTMENT INVESTMENT & MANAGEMENT CO. 290,800 11,174,974 11,012,596 ARCHSTONE COMMUNITIES 603,522 17,937,768 25,281,536 ARDEN REALTY GROUP, INC. 75,700 2,093,707 3,393,631 AVALON BAY COMMUNITIES, INC. 346,934 15,941,737 30,963,859 BIOMED REALTY TRUST, INC. 178,700 3,282,837 4,360,280 BOSTON PROPERTIES, INC. 430,408 17,475,038 31,906,145 BRE PROPERTIES, INC. 260,700 9,679,990 11,856,636 BROOKFIELD PROPERTIES CORPORATION 358,200 4,985,783 10,538,244 CARRAMERICA REALTY CORP. 300,116 9,681,248 10,393,017 CBL & ASSOCIATES PROPERTIES, INC. 55,700 1,171,371 2,200,707 COLONY INVESTORS II, L. P. 25,766,126 25,766,126 627,302 DEVELOPERS DIVERSIFIED REALTY CORP. 142,300 4,684,891 6,690,946 DOUGLAS EMMETT REALTY ADVISORS 9,986,789 9,986,788 22,765,654 * DUKE REALTY INVESTMENTS, INC. 221,779 5,146,932 7,407,418 EQUITY OFFICE PROPERTIES TRUST 610,966 15,858,099 18,530,598 EQUITY RESIDENTIAL PROPERTIES TRUST 553,178 16,527,789 21,640,323 ESSEX PROPERTY TRUST, INC. 70,300 5,110,307 6,481,660 EXTRA SPACE STORAGE INC. 80,400 1,177,721 1,238,160 FEDERAL REALTY INVESTMENT TRUST 130,600 5,601,157 7,920,890 GENERAL GROWTH PROPERTIES, INC. 330,400 6,674,548 15,525,496 GMH COMMUNITIES TRUST 78,500 1,014,439 1,217,535 HERITAGE PROPERTY INVESTMENT TRUST, INC. 98,400 3,197,365 3,286,560 HIGHLAND HOSPITALITY CORPORATION 241,200 2,593,925 2,665,260 HIGHWOODS PROPERTIES, INC. 110,400 2,954,248 3,140,880 HILTON HOTELS CORPORATION 292,200 5,440,780 7,044,942 HOME PROPERTIES INC. 159,461 6,366,925 6,506,008 * HOST MARRIOTT CORP. 1,284,815 14,301,023 24,347,244 KILROY REALTY CORP. 171,357 5,914,677 10,606,998 LIBERTY PROPERTY TRUST 85,300 3,299,413 3,655,105 MACERICH COMPANY (THE) 89,200 3,354,893 5,988,888 MACK CALI REALTY CORP. 116,057 4,055,758 5,013,662 MAGUIRE PROPERTIES INC. 322,600 8,367,231 9,968,340 MILLS CORPORATION (THE) 237,900 9,939,216 9,977,526 NEW PLAN EXCEL REALTY TRUST, INC. 270,800 6,654,983 6,277,144 OLYMPUS REAL ESTATE FUND, L.P. 19,730,850 19,730,850 4,107,785 PAN PACIFIC RETAIL PROPERTIES, INC. 241,979 11,072,869 16,185,975 POST PROPERTIES, INC. 156,695 4,660,151 6,259,965 PRENTISS PROPERTIES TRUST 109,598 3,561,944 4,458,446 PROLOGIS TRUST 669,751 17,393,667 31,290,766 PS BUSINESS PARKS 71,835 2,370,757 3,534,282 PUBLIC STORAGE PROPERTIES, INC. 303,725 11,428,575 20,568,257 REALTY ASSOCIATES COMPANIES, INC. 40,000 3,256,471 5,935,002 RECKSON ASSOCIATES REALTY CORP. 451,442 12,530,526 16,242,883 REGENCY CENTERS CORPORATION 216,072 8,392,232 12,737,444 REPUBLIC PROPERTY TRUST 52,800 633,600 633,600 RREEF AMERICA REIT LIMITED 396,217 - 713,502 SECURITY CAPITAL GLOBAL REALTY 44,008 1,601,852 708,968 SHURGARD STORAGE CENTERS, INC. 157,800 6,102,046 8,948,838 * SIMON PROPERTY GROUP, INC. 643,492 27,422,436 49,310,791 SL GREEN REALTY CORP. 67,400 2,506,541 5,148,686 STARWOOD HOTELS & RESORTS 487,449 18,190,757 31,128,493 STARWOOD OPPORTUNITY FUND IV, L.P. 7,483,926 7,483,925 9,810,775 STRATEGIC HOTEL CAP INC 59,100 1,091,607 1,216,278 SUN COMMUNITIES, INC. 192,874 6,583,588 6,056,243 SUNSTONE HOTEL INVESTORS, INC. 75,700 1,764,802 2,011,349 TANGER FACTORY OUTLET CENTER, INC. 113,100 3,065,575 3,250,494 TAUBMAN CENTERS, INC. 439,283 10,055,069 15,265,084 * TCW SPECIAL CREDITS FUND 4,230,573 4,230,573 1,890,076 TOWN AND COUNTRY TRUST (THE) 22,760 633,853 769,515 TRIZEC PROPERTIES, INC. 551,149 11,555,926 12,632,335 U STORE IT TRUST 31,700 637,579 667,285 VENTAS, INC. 200,500 3,388,295 6,420,010 VORNADO REALTY TRUST 414,305 16,649,189 34,582,038 WASHINGTON REAL ESTATE INVESTMENT TRUST 134,864 4,171,638 4,093,137

TOTAL REAL ESTATE RELATED INVESTMENTS 509,763,435 694,244,190

B-64 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT YEAR END OTHER INVESTMENTS DECEMBER 31, 2005

INTEREST NOTES NAME MATURITY RATE PRINCIPAL COST CURRENT VALUE

NON-U.S.A. GOVERNMENT SECURITIES

BRAZIL 10/15/2009 14.500 %$ 30,000 $ 38,379 $ 38,475 BRAZIL 04/15/2012 5.250 650,012 598,588 641,886 BRAZIL 04/15/2024 8.875 857,000 890,423 955,555 BRAZIL 08/17/2040 11.000 2,800,000 3,411,645 3,609,368 CANADA 01/30/2008 6.100 6,400,000 7,174,400 6,579,392 CANADA 10/01/2008 5.500 4,500,000 5,063,385 4,586,940 CANADA 02/27/2012 5.750 4,000,000 4,341,360 4,181,240 CANADA 05/26/2015 4.600 5,000,000 4,861,500 4,878,100 CANADA 07/15/2023 7.500 755,000 974,009 960,329 CANADA 02/09/2024 7.125 1,200,000 1,304,748 1,480,080 CHILE 07/23/2007 5.625 3,000,000 3,147,524 3,033,750 COLOMBIA 03/17/2013 8.047 1,410,000 1,484,800 1,515,087 COLOMBIA 02/25/2020 11.750 910,000 1,167,920 1,258,075 GERMANY 07/04/2034 4.750 1,000,000 1,437,708 1,419,588 GERMANY 01/04/2037 4.000 2,600,000 3,232,733 3,307,576 ITALY 07/15/2008 2.500 8,500,000 8,253,330 8,069,645 ITALY 06/15/2012 5.625 3,000,000 3,421,650 3,155,130 ITALY 01/21/2015 4.500 5,000,000 4,997,950 4,849,200 ITALY 10/25/2032 5.804 500,000 546,640 539,140 ITALY 06/15/2033 5.375 3,000,000 3,133,950 3,048,622 MALAYSIA 07/15/2011 7.500 3,300,000 3,956,502 3,692,898 MEXICO 01/14/2011 8.375 6,500,000 7,738,250 7,410,000 MEXICO 12/22/2011 9.000 1,865,000 174,596 183,034 MEXICO 12/19/2013 8.000 9,645,000 860,954 894,444 MEXICO 12/18/2014 9.500 2,285,000 221,555 231,557 MEXICO 09/15/2016 11.375 4,885,000 5,455,354 7,193,162 MEXICO 12/30/2019 8.125 800,000 967,688 982,000 MEXICO 09/24/2022 8.000 225,000 257,114 277,875 MEXICO 05/15/2026 11.500 2,600,000 3,597,400 4,251,000 MEXICO 09/27/2034 6.750 1,000,000 994,710 1,093,750 MEXICO VALUE RIGHTS 06/30/2006 VARIABLE 1,250,000 - 25,687 MEXICO VALUE RIGHTS 06/30/2007 VARIABLE 1,250,000 - 32,812 NEW ZEALAND 04/15/2015 6.000 3,140,000 2,033,058 2,186,382 PANAMA 03/07/2017 5.000 705,200 649,754 664,651 PANAMA 01/16/2023 9.375 1,095,000 1,224,406 1,371,487 PANAMA 01/29/2026 7.125 560,000 549,875 567,000 PANAMA 09/30/2027 8.875 350,000 421,050 416,500 PANAMA 11/21/2033 8.750 900,000 947,537 1,012,500 PHILIPPINES 10/20/2014 4.250 4,000,000 3,992,800 3,885,480 PHILIPPINES 07/16/2018 5.593 1,500,000 1,686,030 1,586,415 RUSSIA 03/31/2010 8.250 3,460,000 3,826,068 3,707,390 SOUTH AFRICA 06/02/2014 6.500 3,000,000 3,295,507 3,243,758

TOTAL NON-U.S.A. GOVERNMENT SECURITIES 102,332,850 103,016,960

COMMODITY SWAPS, NET-DOMESTIC

CORN PRICED LINKED SWAP 08/17/2007 - (46,552)

INTEREST RATE SWAPS, NET-DOMESTIC

* BLACKROCK FINANCIAL MANAGEMENT, INC. 08/17/2007 - 159,657 * BLACKROCK FINANCIAL MANAGEMENT, INC. 09/02/2007 - 3,492

TOTAL INTEREST RATE SWAPS, NET-DOMESTIC - 163,149

EQUITY OPTIONS, NET-FOREIGN

SWISS MARKET INDEX - 128,174

SECURITIES PURCHASED UNDER AGREEMENT TO RESELL

BANK OF AMERICA, N.A. 01/03/2006 4.270 55,851,755 55,851,755 55,851,755 * BARCLAYS DE ZOETE WEDD LTD. 01/03/2006 4.270 58,000,000 58,000,000 58,000,000 BNP PARIBAS 01/03/2006 4.280 88,000,000 88,000,000 88,000,000 * DEUTSCHE BANK GROUP 01/03/2006 4.250 30,260,000 30,260,000 30,260,000 MORGAN STANLEY 01/03/2006 4.250 105,000,000 105,000,000 105,000,000 SMITH BARNEY, SHEARSON, INC. 01/03/2006 4.250 105,000,000 105,000,000 105,000,000

TOTAL SECURITIES PURCHASED UNDER AGREEMENT TO RESELL 442,111,755 442,111,755

B-65 CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4i - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT YEAR END OTHER INVESTMENTS DECEMBER 31, 2005

INTEREST NOTES NAME MATURITY RATE PRINCIPAL COST CURRENT VALUE

DEBT & ROYALTY INVESTMENTS

INLAND RESOURCES INC. N/A$ 39,960,000 $ 39,960,000 QUICKSILVER ENERGY, L.C. N/A 1 1 SPRINGBROOK G.P. N/A 6,456,948 6,456,948 YPF S.A. N/A 2,508,404 2,508,404

TOTAL DEBT & ROYALTY INVESTMENTS 48,925,353 48,925,353

JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY GROUP ANNUITY CONTRACT N/A 352,315 118,000

RENEWAL OVERRIDING COMMISSION CONTRACT N/A 1 1

TRUST IN DISSOLUTION N/A 994 54,634

TOTAL OTHER INVESTMENTS $ 1,103,486,703 $ 1,288,715,664

TOTAL ASSETS HELD FOR INVESTMENT PURPOSES $ 17,770,633,946 $ 19,504,259,277

NOTE: AN ASTERISK DENOTES AN INVESTMENT WITH/IN AN ENTITY WHICH IS A "PARTY-IN-INTEREST" AS DEFINED BY ERISA. CERTAIN ROUTINE TRANSACTIONS RESULTING FROM THE NORMAL AND ORDINARY COURSE OF BUSINESS, SUCH AS THE PURCHASE OF OFFICE SUPPLIES OR SERVICES HAVE NOT BEEN CONSIDERED FOR PURPOSES OF IDENTIFYING PARTIES-IN-INTEREST. TO THE EXTENT KNOWN TO THE FUND, AFFILIATIONS OF ENTITIES IN WHICH THE FUND HAS INVESTED ARE CONSIDERED WHEN IDENTIFYING PARTIES-IN-INTEREST. COMPLETE INFORMATION AS TO THE VARIOUS AFFILIATIONS OF SUCH ENTITIES IS GENERALLY NOT AVAILABLE TO THE FUND.

B-66 ATTACHMENT C

CENTRAL STATES, SOUTHEAST AND SOUTHWEST AREAS PENSION FUND EIN: 36-6044243 AND PN: 001 SCHEDULE H, PART IV, LINE 4j - SCHEDULE OF REPORTABLE TRANSACTIONS YEAR ENDED DECEMBER 31, 2005

AMOUNT OF AMOUNT NUMBER OF NUMBER NET REALIZED IDENTITY OF ISSUE DESCRIPTION PURCHASES OF SALES PURCHASES OF SALES GAIN(LOSS)

EMPLOYEE BENEFIT TEMPORARY INVESTMENT FUND INTEREST BEARING CASH$ 668,603,942 $ 636,882,476 148 59 -

STANDISH MELLON SHORT-TERM INVESTMENT FUND INTEREST BEARING CASH UNDER THE GUIDANCE OF GOLDMAN SACHS ASSET MANAGEMENT, L.P. 7,563,959,426 7,206,253,034 3,490 2,463 -

STANDISH MELLON SHORT-TERM INVESTMENT FUND INTEREST BEARING CASH UNDER THE GUIDANCE OF NORTHERN TRUST GLOBAL ADVISORS, INC. 2,942,965,591 3,177,384,968 2,471 1,798 -