R. M. Davis

R. M. Davis as of Dec. 31, 2007

Portfolio Holdings for R. M. Davis

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

                {C}                                        {C}

                                                              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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------

NORDSTROM INC			COM		655664100  206	     5600 SH	SOLE			5600
Royal Bank Scotland 6.35% PFD	ADR PREF SER N	780097770  196	     10000 SH	SOLE			10000
REPORT SUMMARY                2 DATA RECORDS               402            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED