First Nebraska Trust

First Nebraska Trust as of March 31, 2006

Portfolio Holdings for First Nebraska Trust

First Nebraska Trust holds 82 positions in its portfolio as reported in the March 2006 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
SYSCO Corporation (SYY) 46.2 $100M 3.1M 32.05
Alltel Corporation 5.0 $11M 168k 64.75
Exxon Mobil Corporation (XOM) 3.6 $7.7M 126k 60.86
Wells Fargo & Company (WFC) 2.7 $5.8M 91k 63.87
Us Bancorp Del Com New (USB) 2.0 $4.3M 142k 30.50
Chevron Corporation (CVX) 1.9 $4.0M 70k 57.97
Berkshire Hathaway Inc Del CL B 1.8 $3.8M 1.3k 3012.00
Home Depot (HD) 1.6 $3.4M 82k 42.30
Cardinal Health (CAH) 1.5 $3.3M 44k 74.52
General Electric Company 1.5 $3.3M 94k 34.78
Microsoft Corporation (MSFT) 1.4 $3.0M 110k 27.21
Pfizer (PFE) 1.4 $3.0M 120k 24.92
First Data Corp 1.4 $3.0M 63k 46.82
Paychex (PAYX) 1.2 $2.7M 64k 41.66
Gannett 1.1 $2.5M 41k 59.92
Disney Walt Com Disney (DIS) 1.1 $2.5M 89k 27.89
Colgate-Palmolive Company (CL) 1.1 $2.5M 43k 57.10
Varian Medical Systems 1.1 $2.4M 43k 56.16
Applied Materials (AMAT) 1.1 $2.4M 136k 17.51
Marathon Oil Corporation (MRO) 1.1 $2.4M 31k 76.17
American Intl Group 1.0 $2.3M 34k 66.09
Newell Rubbermaid (NWL) 1.0 $2.2M 86k 25.19
Johnson & Johnson (JNJ) 1.0 $2.1M 36k 59.22
Washington Mutual 1.0 $2.1M 50k 42.62
Ingersoll-rand Company Cl A 0.9 $2.0M 48k 41.79
Motorola 0.9 $2.0M 85k 22.91
Intel Corporation (INTC) 0.9 $1.9M 97k 19.46
Wal-Mart Stores (WMT) 0.8 $1.8M 39k 47.24
Cisco Systems (CSCO) 0.8 $1.8M 83k 21.67
ConAgra Foods (CAG) 0.7 $1.5M 69k 21.46
Clorox Company (CLX) 0.7 $1.5M 25k 59.85
WD-40 Company (WDFC) 0.6 $1.3M 43k 30.85
Boston Scientific Corporation (BSX) 0.6 $1.2M 52k 23.05
Honeywell International 0.5 $1.1M 27k 42.77
Safeco Corp. 0.4 $949k 19k 50.21
Texas Instruments Incorporated (TXN) 0.4 $920k 28k 32.47
Becton, Dickinson and (BDX) 0.4 $913k 15k 61.58
Trinity Industries (TRN) 0.4 $836k 15k 54.39
Stewart Enterprises Cl A 0.4 $793k 139k 5.71
International Business Machines (IBM) 0.4 $784k 9.5k 82.47
Schlumberger (SLB) 0.4 $756k 6.0k 126.57
JPMorgan Chase & Co. (JPM) 0.3 $685k 16k 41.64
Ca 0.3 $680k 25k 27.21
Zions Bancorporation (ZION) 0.3 $670k 8.1k 82.73
Merck & Co 0.2 $442k 13k 35.23
Walgreen Company 0.2 $432k 10k 43.13
ConocoPhillips (COP) 0.2 $431k 6.8k 63.15
Air Products & Chemicals (APD) 0.2 $430k 6.4k 67.19
Bristol Myers Squibb (BMY) 0.2 $428k 17k 24.61
Ida (IDA) 0.2 $423k 13k 32.52
Union Pacific Corporation (UNP) 0.2 $418k 4.5k 93.35
Oracle Corporation (ORCL) 0.2 $415k 30k 13.69
Shurgard Storage Ctrs 0.2 $410k 6.2k 66.63
Eli Lilly & Co. (LLY) 0.2 $349k 6.3k 55.30
Plum Creek Timber 0.2 $348k 9.4k 36.93
Regions Financial Corporation (RF) 0.2 $341k 9.7k 35.17
Coca-Cola Company (KO) 0.1 $321k 7.7k 41.87
Royal Dutch Shell Spons Adr A 0.1 $310k 5.0k 62.26
Hewlett-Packard Company 0.1 $309k 9.4k 32.90
Principal Financial (PFG) 0.1 $296k 6.1k 48.80
United Dominion Rlty Tr 0.1 $285k 10k 28.54
Safeway 0.1 $281k 11k 25.12
Equity Residential Sh Ben Int (EQR) 0.1 $277k 5.9k 46.79
BP Sponsored Adr (BP) 0.1 $272k 3.9k 68.94
Spdr S&p 500 Etf Tr Tr Unit (SPY) 0.1 $261k 2.0k 129.83
Dell 0.1 $257k 8.6k 29.76
Mfs Charter Income Tr Sh Ben Int 0.1 $249k 30k 8.42
Merrill Lynch & Co. 0.1 $213k 2.7k 78.76
Hyperion Brkfld Total Ret 0.1 $209k 25k 8.40
Dreyfus Municipal Income 0.1 $208k 23k 8.91
Sherwin-Williams Company (SHW) 0.1 $208k 4.2k 49.44
Kinder Morgan 0.1 $201k 2.2k 91.99
Efj 0.1 $199k 18k 10.79
Volterra Semiconductor Corporation 0.1 $197k 10k 19.09
Managed High Income Portfoli 0.1 $187k 31k 6.03
American Strategic Income Portfolio III 0.1 $174k 16k 10.72
Morgan Stanley High Yield 0.1 $173k 30k 5.73
Credit Suisse AM Inc Fund (CIK) 0.1 $156k 40k 3.96
Nuveen Arizona Premium Income Mun (NAZ) 0.1 $141k 10k 14.14
BlackRock Income Trust 0.1 $131k 21k 6.19
Level 3 Communications 0.0 $59k 11k 5.18
Lucent Technologies 0.0 $38k 13k 3.05