River City Partnership                    04/13/05

                            Valuation Statement as of March 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 12/31/02

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

      Cardinal Health     CAH  12/31/02    15.000   58.2407     873.61   56.7200     850.80   7.5%  -3.74%   -1.72%

      Coca-Cola            KO  12/31/02    19.000   46.2784     879.29   42.2400     802.56   7.1%   2.52%    1.14%

      Coor's B-Molsons    TAP  12/31/02    15.000   70.0927    1051.39   74.2500    1113.75   9.8%  33.47%   14.00%

      Ethan Allen         ETH  12/31/02    20.000   36.0600     721.20   34.0100     680.20   6.0%  10.71%    4.73%

      General Dynamics     GD  03/04/03     5.000   62.1980     310.99  109.0000     545.00   4.8%  81.09%   33.95%

      Hershey's           HSY  03/03/05    15.000   63.6027     954.04   62.1900     932.85   8.2%  -2.22%  -49.52%

      Johnson and John    JNJ  08/07/03    20.000   50.3295    1006.59   67.2600    1345.20  11.8%  45.53%   26.35%

      Kohl's              KSS  10/03/03    10.000   55.2690     552.69   52.5500     525.50   4.6%  -4.92%   -3.42%

      Lowes               LOW  08/07/03    15.000   48.5027     727.54   57.5700     863.55   7.6%  20.45%   12.30%

      Proctor & Gamble     PG  03/03/05    15.000   54.0227     810.34   52.9200     793.80   7.0%  -2.04%  -46.62%

      Tribune             TRB  12/31/02    30.000   39.0750    1172.25   40.2800    1208.40  10.6%  -9.07%   -4.22%

      Walgreens           WAG  07/06/04    25.000   37.0892     927.23   43.9100    1097.75   9.7%  19.61%   29.63%

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

      Total Securities this Date                               9987.16             10759.36  94.6% ------   ------

      Returns for Securities Shown from First Buy or Valuation Date                                 15.42%    6.72%

      Security Returns from Start or Switchover to this Date                                        31.96%   13.41%

                                                                                                                      

      Cash on Hand - Bank                                       390.06               390.06   3.4%

      Cash on Hand - Broker                                     224.97               224.97   2.0%

      Cash on Hand - Suspense                                     0.00                 0.00   0.0%

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

      Total Cash Accounts this Date                             615.03               615.03   5.4%

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

      Total Securities and Cash Accounts This Date            10602.19             11374.39 100.0%

                                                                                                                      

      Petty Cash                                         $     0.00

      Total number of Valuation Units to Date               10005.298476

      Value of Each Unit This Date                       $     1.137

      Number of Units Each $ 1.00 will Purchase                0.880

 

                                           River City Partnership                    04/13/05

                                 Members Status Report as of March 15, 2005

 

                          PAID IN     TOTAL    PAID IN      UNITS                                    TOTAL COMPOUND

                           SINCE     PAID IN     PLUS       SINCE       UNITS       CURRENT PERCENT  RETURN ANN RET

      NO.       NAME      02/16/05   TO DATE   EARNINGS    02/16/05     OWNED        VALUE  OWNRSHP  SINCE 01/01/05

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

       1 Hill, Clay & Ja    25.00    1920.00    1674.85   22.065787  1874.734486    2131.27  18.74%  -0.31%  -1.56%

       2 Nichols, Jim &     25.00    1684.00    1494.74   22.065787  1675.191331    1904.42  16.74%  -0.31%  -1.55%

       3 O'Hara, Thomas     25.00    2260.00    1961.68   22.065787  2145.727254    2439.34  21.45%  -0.32%  -1.58%

       4 Schaffer, Bill     25.00    1895.00    1660.71   22.065787  1823.718514    2073.27  18.23%  -0.31%  -1.56%

       5 Schaffer, Conni    25.00    1895.00    1660.71   22.065787  1823.718514    2073.27  18.23%  -0.31%  -1.56%

       6 Schaffer, Patri    25.00     700.00     795.59   22.065787   662.208377     752.82   6.62%  -0.27%  -1.36%

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

         TOTALS            150.00   10354.00    9248.28  132.394722 10005.298476   11374.39 100.00%   30.56    5.26