River City Partnership                    07/24/05

                             Valuation Statement as of July 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   57.7900     866.85   7.3%  -0.41%   -0.77%

      Coca-Cola            KO  01/01/05    19.000   46.2784     879.29   43.0800     818.52   6.9%   4.82%    9.22%

      Coor's B-Molsons    TAP  01/01/05    15.000   70.0927    1051.39   63.3100     949.65   8.0% -20.38%  -34.75%

      Ethan Allen         ETH  01/01/05    20.000   36.0600     721.20   33.5000     670.00   5.6% -15.62%  -27.25%

      General Dynamics     GD  01/01/05     5.000   62.1980     310.99  112.3100     561.55   4.7%   8.13%   15.77%

      Hershey's           HSY  03/03/05    15.000   63.6027     954.04   60.7400     911.10   7.7%  -4.16%  -10.93%

      Johnson and John    JNJ  01/01/05    20.000   50.3295    1006.59   65.0300    1300.60  11.0%   3.52%    6.70%

      Lowes               LOW  01/01/05    15.000   48.5027     727.54   63.6500     954.75   8.0%  10.67%   20.91%

      Proctor & Gamble     PG  03/03/05    15.000   54.0227     810.34   54.5000     817.50   6.9%   1.41%    3.88%

      Walgreens           WAG  01/01/05    25.000   37.0892     927.23   47.1000    1177.50   9.9%  23.05%   47.48%

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

      Total Securities this Date                               8262.22              9028.02  76.1% ------   ------

      Returns for Securities Shown from First Buy or Valuation Date                                  0.58%    1.10%

      Security Returns from Start or Switchover to this Date                                        -1.19%   -2.23%

                                                                                                                      

      Cash on Hand - Bank                                        40.00                40.00   0.3%

      Cash on Hand - Broker                                    2799.29              2799.29  23.6%

      Cash on Hand - Suspense                                     0.00                 0.00   0.0%

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

      Total Cash Accounts this Date                            2839.29              2839.29  23.9%

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

      Total Securities and Cash Accounts This Date            11101.51             11867.31 100.0%

                                                                                                                      

      Petty Cash                                         $     0.00

      Total number of Valuation Units to Date               10581.839384

      Value of Each Unit This Date                       $     1.121

      Number of Units Each $ 1.00 will Purchase                0.892


                                           River City Partnership                    07/24/05

                                  Members Status Report as of July 15, 2005

 

                          PAID IN     TOTAL    PAID IN      UNITS                                    TOTAL COMPOUND

                           SINCE     PAID IN     PLUS       SINCE       UNITS       CURRENT PERCENT  RETURN ANN RET

      NO.       NAME      06/15/05   TO DATE   EARNINGS    06/15/05     OWNED        VALUE  OWNRSHP  SINCE 01/01/05

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

       1 Hill, Clay & Ja    25.00    2020.00    1774.85   22.433162  1967.085777    2206.05  18.59%  -1.48%  -2.76%

       2 Nichols, Jim &     25.00    1784.00    1594.74   22.433162  1767.542622    1982.26  16.70%  -1.46%  -2.71%

       3 O'Hara, Thomas     50.00    2385.00    2086.68   44.866324  2260.511707    2535.12  21.36%  -1.50%  -2.79%

       4 Schaffer, Bill     25.00    1995.00    1760.71   22.433162  1916.069805    2148.83  18.11%  -1.48%  -2.75%

       5 Schaffer, Conni    25.00    1995.00    1760.71   22.433162  1916.069805    2148.83  18.11%  -1.48%  -2.75%

       6 Schaffer, Patri    25.00     800.00     895.59   22.433162   754.559668     846.22   7.13%  -1.12%  -2.09%

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

         TOTALS            175.00   10979.00    9873.28  157.032134 10581.839384   11867.31 100.00%   23.98    3.96