First Nebraska Trust

First Nebraska Trust as of Sept. 30, 2005

Portfolio Holdings for First Nebraska Trust

First Nebraska Trust holds 80 positions in its portfolio as reported in the September 2005 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
SYSCO Corporation (SYY) 48.2 $99M 3.2M 31.37
Alltel Corporation 5.6 $12M 177k 65.11
Exxon Mobil Corporation (XOM) 3.9 $8.0M 127k 63.54
Wells Fargo & Company (WFC) 2.6 $5.3M 90k 58.57
Chevron Corporation (CVX) 2.2 $4.5M 70k 64.73
Us Bancorp Del Com New (USB) 2.1 $4.4M 156k 28.08
Berkshire Hathaway Inc Del CL B 1.7 $3.4M 1.3k 2731.00
Pfizer (PFE) 1.4 $3.0M 119k 24.97
Home Depot (HD) 1.4 $2.8M 75k 38.14
Cardinal Health (CAH) 1.4 $2.8M 45k 63.44
Microsoft Corporation (MSFT) 1.3 $2.6M 102k 25.73
Paychex (PAYX) 1.2 $2.4M 65k 37.09
Applied Materials (AMAT) 1.1 $2.3M 133k 16.96
Gannett 1.1 $2.3M 33k 68.83
Intel Corporation (INTC) 1.1 $2.2M 91k 24.65
Marathon Oil Corporation (MRO) 1.1 $2.2M 32k 68.93
Colgate-Palmolive Company (CL) 1.1 $2.2M 41k 52.79
First Data Corp 1.0 $2.2M 54k 40.00
General Electric Company 1.0 $2.1M 63k 33.67
American Intl Group 1.0 $2.1M 34k 61.96
Johnson & Johnson (JNJ) 1.0 $2.0M 32k 63.28
Washington Mutual 1.0 $2.0M 52k 39.22
Motorola 0.9 $1.9M 88k 22.03
Newell Rubbermaid (NWL) 0.9 $1.9M 83k 22.65
Ingersoll-rand Company Cl A 0.9 $1.8M 48k 38.23
ConAgra Foods (CAG) 0.9 $1.8M 73k 24.75
Varian Medical Systems 0.8 $1.7M 44k 39.51
Disney Walt Com Disney (DIS) 0.8 $1.6M 68k 24.13
Cisco Systems (CSCO) 0.6 $1.2M 66k 17.92
Clorox Company (CLX) 0.6 $1.1M 21k 55.54
WD-40 Company (WDFC) 0.5 $1.1M 40k 26.51
Boston Scientific Corporation (BSX) 0.5 $1.0M 44k 23.37
Safeco Corp. 0.5 $1.0M 19k 53.37
Honeywell International 0.5 $1.0M 27k 37.50
Texas Instruments Incorporated (TXN) 0.5 $968k 29k 33.90
Wal-Mart Stores (WMT) 0.5 $967k 22k 43.82
Stewart Enterprises Cl A 0.5 $962k 145k 6.63
International Business Machines (IBM) 0.4 $832k 10k 80.22
JPMorgan Chase & Co. (JPM) 0.4 $747k 22k 33.93
Computer Associates Intl 0.4 $737k 27k 27.81
Zions Bancorporation (ZION) 0.3 $648k 9.1k 71.22
Trinity Industries (TRN) 0.3 $623k 15k 40.49
Schlumberger (SLB) 0.2 $504k 6.0k 84.38
ConocoPhillips (COP) 0.2 $498k 7.1k 69.91
Equity Residential Sh Ben Int (EQR) 0.2 $467k 12k 37.85
Walgreen Company 0.2 $430k 9.9k 43.45
Ida (IDA) 0.2 $428k 14k 30.13
Becton, Dickinson and (BDX) 0.2 $393k 7.5k 52.43
Merck & Co 0.2 $375k 14k 27.21
Bristol Myers Squibb (BMY) 0.2 $373k 16k 24.06
Oracle Corporation (ORCL) 0.2 $370k 30k 12.40
Plum Creek Timber 0.2 $361k 9.5k 37.91
Air Products & Chemicals (APD) 0.2 $353k 6.4k 55.14
Shurgard Storage Ctrs 0.2 $344k 6.2k 55.87
Coca-Cola Company (KO) 0.2 $326k 7.6k 43.19
Mfs Charter Income Tr Sh Ben Int 0.2 $326k 37k 8.75
Union Pacific Corporation (UNP) 0.2 $321k 4.5k 71.70
Regions Financial Corporation (RF) 0.1 $302k 9.7k 31.12
Safeway 0.1 $301k 12k 25.60
Principal Financial (PFG) 0.1 $299k 6.3k 47.37
Eli Lilly & Co. (LLY) 0.1 $281k 5.3k 53.52
Royal Dutch Shell Spons Adr A 0.1 $262k 4.0k 65.64
United Dominion Rlty Tr 0.1 $237k 10k 23.70
Hyperion Brkfld Total Ret 0.1 $234k 27k 8.71
Schering Plough Corp 0.1 $228k 11k 21.05
Dreyfus Municipal Income 0.1 $219k 23k 9.35
Citi 0.1 $215k 4.7k 45.52
Morgan Stanley High Yield 0.1 $209k 33k 6.40
Managed High Income Portfoli 0.1 $209k 34k 6.24
BP Sponsored Adr (BP) 0.1 $208k 2.9k 70.85
American Strategic Income Portfolio III 0.1 $177k 16k 10.90
Credit Suisse AM Inc Fund (CIK) 0.1 $174k 43k 4.10
BlackRock Income Trust 0.1 $166k 26k 6.34
Van Kampen Value Mun Income 0.1 $160k 12k 13.73
Nuveen Arizona Premium Income Mun (NAZ) 0.1 $153k 10k 15.30
Colonial Mun Income Tr Sh Ben Int 0.1 $143k 26k 5.54
Efj 0.1 $138k 13k 10.29
Volterra Semiconductor Corporation 0.1 $127k 10k 12.27
Lucent Technologies 0.0 $53k 16k 3.25
Level 3 Communications 0.0 $35k 15k 2.32