R. M. Davis

R. M. Davis as of June 30, 2007

Portfolio Holdings for R. M. Davis

R. M. Davis holds 0 positions in its portfolio as reported in the June 2007 quarterly 13F filing

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                                                              Form 13F Information Table

                                                                                                              Voting Authority
                                                                                                         --------------------------
                                                           Value   Shares/  Sh/ Put/ Invstmt    Other
        Name of Issuer          Title of class    CUSIP   (x$1000) Prn Amt  Prn Call Dscretn   Managers     Sole    Shared   None
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------

DOMINION RESOURCES		COM		25746U109  239	     2768 SH	SOLE			2768
Royal Bank Scotland 6.35% PFD	ADR PREF SER N	780097770  242	    10000 SH	SOLE			10000
REPORT SUMMARY                2 DATA RECORDS             481            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED