River City Partnership                    05/02/05

                            Valuation Statement as of April 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   55.1500     827.25   7.3%  -5.06%  -16.66%

      Coca-Cola            KO  01/01/05    19.000   46.2784     879.29   41.2900     784.51   6.9%  -0.17%   -0.59%

      Coor's B-Molsons    TAP  01/01/05    15.000   70.0927    1051.39   75.8400    1137.60  10.1%  -4.49%  -14.88%

      Ethan Allen         ETH  01/01/05    20.000   36.0600     721.20   30.9900     619.80   5.5% -22.25%  -58.69%

      General Dynamics     GD  01/01/05     5.000   62.1980     310.99  103.8900     519.45   4.6%  -0.34%   -1.17%

      Hershey's           HSY  03/03/05    15.000   63.6027     954.04   61.2700     919.05   8.1%  -3.67%  -27.20%

      Johnson and John    JNJ  01/01/05    20.000   50.3295    1006.59   69.4000    1388.00  12.3%   9.89%   39.29%

      Kohl's              KSS  01/01/05    10.000   55.2690     552.69   49.8500     498.50   4.4%   1.38%    4.94%

      Lowes               LOW  01/01/05    15.000   48.5027     727.54   51.6400     774.60   6.9% -10.27%  -31.65%

      Proctor & Gamble     PG  03/03/05    15.000   54.0227     810.34   54.8000     822.00   7.3%   1.44%   12.90%

      Tribune             TRB  01/01/05    30.000   39.0750    1172.25   38.5500    1156.50  10.2%  -8.10%  -25.68%

      Walgreens           WAG  01/01/05    25.000   37.0892     927.23   43.0700    1076.75   9.5%  12.39%   50.72%

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

      Total Securities this Date                               9987.16             10524.01  93.2% ------   ------

      Returns for Securities Shown from First Buy or Valuation Date                                 -2.46%   -8.37%

      Security Returns from Start or Switchover to this Date                                        -2.46%   -8.37%

                                                                                                                      

      Cash on Hand - Bank                                       540.06               540.06   4.8%

      Cash on Hand - Broker                                     230.05               230.05   2.0%

      Cash on Hand - Suspense                                     0.00                 0.00   0.0%

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

      Total Cash Accounts this Date                             770.11               770.11   6.8%

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

      Total Securities and Cash Accounts This Date            10757.27             11294.12 100.0%

                                                                                                                      

      Petty Cash                                         $     0.00

      Total number of Valuation Units to Date               10140.039690

      Value of Each Unit This Date                       $     1.114

      Number of Units Each $ 1.00 will Purchase                0.898


                                           River City Partnership                    05/02/05

                                 Members Status Report as of April 15, 2005

 

                          PAID IN     TOTAL    PAID IN      UNITS                                    TOTAL COMPOUND

                           SINCE     PAID IN     PLUS       SINCE       UNITS       CURRENT PERCENT  RETURN ANN RET

      NO.       NAME      03/15/05   TO DATE   EARNINGS    03/15/05     OWNED        VALUE  OWNRSHP  SINCE 01/01/05

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

       1 Hill, Clay & Ja    25.00    1945.00    1699.85   22.456869  1897.191355    2113.12  18.71%  -2.36%  -8.05%

       2 Nichols, Jim &     25.00    1709.00    1519.74   22.456869  1697.648200    1890.86  16.74%  -2.36%  -8.05%

       3 O'Hara, Thomas     25.00    2285.00    1986.68   22.456869  2168.184123    2414.95  21.38%  -2.36%  -8.05%

       4 Schaffer, Bill     25.00    1920.00    1685.71   22.456869  1846.175383    2056.30  18.21%  -2.36%  -8.05%

       5 Schaffer, Conni    25.00    1920.00    1685.71   22.456869  1846.175383    2056.30  18.21%  -2.36%  -8.05%

       6 Schaffer, Patri    25.00     725.00     820.59   22.456869   684.665246     762.59   6.75%  -2.38%  -8.10%

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

         TOTALS            150.00   10504.00    9398.28  134.741214 10140.039690   11294.12 100.00%   23.15    4.02