R. M. Davis

R. M. Davis as of March 31, 2008

Portfolio Holdings for R. M. Davis

R. M. Davis holds 0 positions in its portfolio as reported in the March 2008 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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------

KEYCORP				COM		493267108  208	     9471 SH	SOLE			9471
NORDSTROM INC			COM		655664100  213	     6534 SH	SOLE			6534
Royal Bank Scotland 6.35% PFD	ADR PREF SER N	780097770  221	     10000 SH	SOLE			10000
REPORT SUMMARY                3 DATA RECORDS               642            0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED