First Nebraska Trust

First Nebraska Trust as of June 30, 2005

Portfolio Holdings for First Nebraska Trust

First Nebraska Trust holds 84 positions in its portfolio as reported in the June 2005 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
SYSCO Corporation (SYY) 51.7 $114M 3.2M 36.19
Alltel Corporation 5.1 $11M 179k 62.28
Exxon Mobil Corporation (XOM) 3.3 $7.3M 127k 57.47
Wells Fargo & Company (WFC) 2.5 $5.5M 89k 61.58
Us Bancorp Del Com New (USB) 2.3 $5.2M 177k 29.20
Sungard Data Sys 1.5 $3.4M 96k 35.17
Pfizer (PFE) 1.5 $3.3M 119k 27.58
Berkshire Hathaway Inc Del CL B 1.4 $3.1M 1.1k 2783.50
Home Depot (HD) 1.3 $2.8M 73k 38.90
Chevron Corporation (CVX) 1.3 $2.8M 50k 55.92
Cardinal Health (CAH) 1.2 $2.6M 45k 57.58
Microsoft Corporation (MSFT) 1.1 $2.5M 101k 24.84
Intel Corporation (INTC) 1.1 $2.3M 90k 26.02
Unocal Corp 1.0 $2.2M 34k 65.05
General Electric Company 1.0 $2.2M 63k 34.65
Applied Materials (AMAT) 1.0 $2.1M 132k 16.18
Washington Mutual 1.0 $2.1M 52k 40.69
Paychex (PAYX) 0.9 $2.1M 64k 32.52
Gannett 0.9 $2.1M 29k 71.13
Colgate-Palmolive Company (CL) 0.9 $2.0M 40k 49.91
American Intl Group 0.9 $2.0M 34k 58.10
Newell Rubbermaid (NWL) 0.9 $1.9M 80k 23.84
Johnson & Johnson (JNJ) 0.8 $1.8M 28k 65.00
First Data Corp 0.8 $1.8M 46k 40.14
Marathon Oil Corporation (MRO) 0.8 $1.7M 32k 53.37
Disney Walt Com Disney (DIS) 0.7 $1.6M 65k 25.18
Motorola 0.7 $1.6M 88k 18.26
ConAgra Foods (CAG) 0.7 $1.6M 69k 23.16
Varian Medical Systems 0.6 $1.4M 38k 37.33
Ingersoll-rand Company Cl A 0.6 $1.4M 19k 71.35
Cisco Systems (CSCO) 0.5 $1.2M 61k 19.08
Safeco Corp. 0.5 $1.0M 19k 54.34
Honeywell International 0.4 $981k 27k 36.63
WD-40 Company (WDFC) 0.4 $970k 35k 27.93
Stewart Enterprises Cl A 0.4 $944k 145k 6.50
Boston Scientific Corporation (BSX) 0.4 $934k 35k 27.00
Clorox Company (CLX) 0.4 $840k 15k 55.72
Texas Instruments Incorporated (TXN) 0.4 $801k 29k 28.07
JPMorgan Chase & Co. (JPM) 0.4 $778k 22k 35.32
International Business Machines (IBM) 0.3 $733k 9.9k 74.20
Computer Associates Intl 0.3 $726k 26k 27.48
Zions Bancorporation (ZION) 0.3 $662k 9.0k 73.53
Wal-Mart Stores (WMT) 0.3 $629k 13k 48.20
Air Products & Chemicals (APD) 0.3 $621k 10k 60.30
Oppenheimer Multi-sector Sh Ben Int 0.3 $601k 63k 9.53
Trinity Industries (TRN) 0.2 $491k 15k 32.03
Equity Residential Sh Ben Int (EQR) 0.2 $483k 13k 36.82
Merck & Co 0.2 $459k 15k 30.80
Schlumberger (SLB) 0.2 $456k 6.0k 75.94
Bristol Myers Squibb (BMY) 0.2 $455k 18k 24.98
Ida (IDA) 0.2 $437k 14k 30.63
Walgreen Company 0.2 $423k 9.2k 45.99
ConocoPhillips (COP) 0.2 $410k 7.1k 57.49
Becton, Dickinson and (BDX) 0.2 $394k 7.5k 52.47
Oracle Corporation (ORCL) 0.2 $393k 30k 13.20
Plum Creek Timber 0.2 $347k 9.6k 36.30
Mfs Charter Income Tr Sh Ben Int 0.2 $337k 38k 8.82
Regions Financial Corporation (RF) 0.1 $328k 9.7k 33.88
Coca-Cola Company (KO) 0.1 $308k 7.4k 41.75
Eli Lilly & Co. (LLY) 0.1 $293k 5.3k 55.71
Union Pacific Corporation (UNP) 0.1 $290k 4.5k 64.80
Shurgard Storage Ctrs 0.1 $283k 6.2k 45.96
Safeway 0.1 $265k 12k 22.59
Principal Financial (PFG) 0.1 $265k 6.3k 41.90
Royal Dutch Pete Ny Reg Eur 0.56 0.1 $259k 4.0k 64.90
Hyperion Brkfld Total Ret 0.1 $257k 27k 9.54
United Dominion Rlty Tr 0.1 $241k 10k 24.05
H&R Block (HRB) 0.1 $221k 3.8k 58.35
Citi 0.1 $219k 4.7k 46.23
Dreyfus Municipal Income 0.1 $217k 23k 9.27
Schering Plough Corp 0.1 $215k 11k 19.06
Managed High Income Portfoli 0.1 $211k 34k 6.32
Morgan Stanley High Yield 0.1 $205k 33k 6.28
Credit Suisse AM Inc Fund (CIK) 0.1 $195k 43k 4.59
Efj 0.1 $192k 28k 6.75
American Strategic Income Portfolio III 0.1 $182k 16k 11.19
BlackRock Income Trust 0.1 $177k 26k 6.77
Van Kampen Value Mun Income 0.1 $161k 12k 13.79
Nuveen Arizona Premium Income Mun (NAZ) 0.1 $155k 10k 15.47
Volterra Semiconductor Corporation 0.1 $154k 10k 14.89
Colonial Mun Income Tr Sh Ben Int 0.1 $143k 26k 5.56
TCW Strategic Income Fund (TSI) 0.0 $71k 14k 5.01
Lucent Technologies 0.0 $47k 16k 2.91
Level 3 Communications 0.0 $30k 15k 2.03