River City Partnership                    02/21/05

                           Valuation Statement as of February 15, 2005

 

                              FIRST BUY    SHARES     COST             PRICE PER    TOTAL  PERCENT  TOTAL  COMPOUND

                              OR VALUATN   OWNED      PER        TOTAL   SHARE      VALUE     OF    RETURN  ANN. RET.

           SECURITY    TS DRP    DATE    THIS DATE   SHARE       COST  THIS DATE  THIS DATE  TOTAL  SINCE 01/01/05

      =============================================================================================================

      Cardinal Health     CAH  01/01/05    15.000   58.2407     873.61   56.9400     854.10   7.6%  -2.03%  -15.33%

      Coca-Cola            KO  01/01/05    19.000   46.2784     879.29   42.6500     810.35   7.2%   2.43%   21.47%

      Ethan Allen         ETH  01/01/05    20.000   36.0600     721.20   36.4700     729.40   6.5%  -8.51%  -51.42%

      General Dynamics     GD  01/01/05     5.000   62.1980     310.99  106.9000     534.50   4.8%   2.55%   22.63%

      Johnson and John    JNJ  01/01/05    20.000   50.3295    1006.59   65.9100    1318.20  11.8%   3.93%   36.69%

      Kohl's              KSS  01/01/05    10.000   55.2690     552.69   47.4000     474.00   4.2%  -3.60%  -25.74%

      Lowes               LOW  01/01/05    15.000   48.5027     727.54   59.2000     888.00   7.9%   2.87%   25.78%

      Tribune             TRB  01/01/05    30.000   39.0750    1172.25   42.0100    1260.30  11.2%  -0.31%   -2.48%

      Walgreens           WAG  01/01/05    25.000   37.0892     927.23   42.3700    1059.25   9.4%  10.42%  123.64%

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

      Total Securities this Date                               7171.39              7928.10  70.7% ------   ------

      Returns for Securities Shown from First Buy or Valuation Date                                  1.27%   10.82%

      Security Returns from Start or Switchover to this Date                                        -0.39%   -3.11%

                                                                                                                       

      Cash on Hand - Bank                                       655.06               655.06   5.8%

      Cash on Hand - Broker                                    2626.74              2626.74  23.4%

      Cash on Hand - Suspense                                     0.00                 0.00   0.0%

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

      Total Cash Accounts this Date                            3281.80              3281.80  29.3%

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

      Total Securities and Cash Accounts This Date            10453.19             11209.90 100.0%

                                                                                                                       

      Petty Cash                                         $     0.00

      Total number of Valuation Units to Date               9850.934480

      Value of Each Unit This Date                       $     1.138

      Number of Units Each $ 1.00 will Purchase                0.879

 

                                           River City Partnership                    02/21/05

                                Members Status Report as of February 15, 2005

 

                          PAID IN     TOTAL    PAID IN      UNITS                                    TOTAL COMPOUND

                           SINCE     PAID IN     PLUS       SINCE       UNITS       CURRENT PERCENT  RETURN ANN RET

      NO.       NAME      01/01/05   TO DATE   EARNINGS    01/01/05     OWNED        VALUE  OWNRSHP  SINCE 01/01/05

      =============================================================================================================

       1 Hill, Clay & Ja    50.00    1895.00    1649.85   90.025259  1852.668699    2108.25  18.81%  -0.22%  -1.78%

       2 Nichols, Jim &     50.00    1659.00    1469.74   84.969411  1653.125544    1881.18  16.78%  -0.22%  -1.76%

       3 O'Hara, Thomas     50.00    2235.00    1936.68   96.891433  2123.661467    2416.63  21.56%  -0.22%  -1.80%

       4 Schaffer, Bill     50.00    1870.00    1635.71   88.732661  1801.652727    2050.20  18.29%  -0.22%  -1.78%

       5 Schaffer, Conni    50.00    1870.00    1635.71   88.732661  1801.652727    2050.20  18.29%  -0.22%  -1.78%

       6 Schaffer, Patri    25.00     650.00     745.59   37.334073   618.173316     703.45   6.28%  -0.19%  -1.52%

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

         TOTALS            275.00   10179.00    9073.28  486.685498  9850.934480   11209.90 100.00%   31.72    5.52