River City Partnership                    01/02/06

                           Valuation Statement as of December 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

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

      Bershire B Stock   BRKB  07/18/05     1.000 2800.8800    2800.88 2952.0000    2952.00  23.0%   5.40%   13.65%

      Cardinal Health     CAH  12/31/02    15.000   58.2407     873.61   67.1300    1006.95   7.9%  14.15%    4.58%

      Coca-Cola            KO  12/31/02    19.000   46.2784     879.29   41.1600     782.04   6.1%   2.93%    0.98%

      Coor's B-Molsons    TAP  12/31/02    15.000   70.0927    1051.39   65.8600     987.90   7.7%  23.28%    7.33%

      General Dynamics     GD  03/04/03     5.000   62.1980     310.99  114.2200     571.10   4.5%  92.31%   26.47%

      Hershey's           HSY  03/03/05    15.000   63.6027     954.04   57.7900     866.85   6.8%  -8.05%  -10.13%

      Johnson and John    JNJ  08/07/03    20.000   50.3295    1006.59   60.1600    1203.20   9.4%  27.65%   10.91%

      Lowes               LOW  08/07/03    15.000   48.5027     727.54   69.3900    1040.85   8.1%  47.04%   17.77%

      Proctor & Gamble     PG  03/03/05    15.000   54.0227     810.34   58.9900     884.85   6.9%  10.82%   13.97%

      Walgreens           WAG  07/06/04    25.000   37.0892     927.23   46.2600    1156.50   9.0%  26.24%   17.53%

      Wells Fargo         WFC  09/02/05    10.000   60.6090     606.09   63.7100     637.10   5.0%   5.98%   22.63%

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

      Total Securities this Date                              10947.99             12089.34  94.3% ------   ------

      Returns for Securities Shown from First Buy or Valuation Date                                 28.14%    8.75%

      Security Returns from Start or Switchover to this Date                                        34.56%   10.56%

                                                                                                                       

      Cash on Hand - Bank                                       473.01               473.01   3.7%

      Cash on Hand - Broker                                     257.98               257.98   2.0%

      Cash on Hand - Suspense                                     0.00                 0.00   0.0%

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

      Total Cash Accounts this Date                             730.99               730.99   5.7%

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

      Total Securities and Cash Accounts This Date            11678.98             12820.33 100.0%

                                                                                                                      

      Petty Cash                                         $     0.00

      Total number of Valuation Units to Date               11246.916855

      Value of Each Unit This Date                       $     1.140

      Number of Units Each $ 1.00 will Purchase                0.877

 

                                           River City Partnership                    01/02/06

                                Members Status Report as of December 15, 2005

 

                          PAID IN     TOTAL    PAID IN      UNITS                                    TOTAL COMPOUND

                           SINCE     PAID IN     PLUS       SINCE       UNITS       CURRENT PERCENT  RETURN ANN RET

      NO.       NAME      12/15/05   TO DATE   EARNINGS    12/15/05     OWNED        VALUE  OWNRSHP  SINCE 12/31/99

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

       1 Hill, Clay & Ja     0.00    2145.00    1899.85    0.000000  2077.988303    2368.69  18.48% 3048.21%  78.43%

       2 Nichols, Jim &      0.00    1909.00    1719.74    0.000000  1878.445148    2141.23  16.70% 954.96%  60.87%

       3 O'Hara, Thomas      0.00    2510.00    2211.68    0.000000  2371.414233    2703.17  21.09% 4486.89%  90.06%

       4 Schaffer, Bill      0.00    2120.00    1885.71    0.000000  2026.972331    2310.54  18.02% 2808.35%  76.07%

       5 Schaffer, Conni     0.00    2120.00    1885.71    0.000000  2026.972331    2310.54  18.02% 2808.35%  76.07%

       6 Schaffer, Patri     0.00     925.00    1020.59    0.000000   865.124509     986.15   7.69%   8.79%   6.12%

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

         TOTALS              0.00   11729.00   10623.28    0.000000 11246.916855   12820.33 100.00%   26.10    3.97