AILMA3ER On File LAST STATEMENT September 30.2004 Equities & Options (continued) ACCT IMRKET ESTIMATED CURRENT DESCROION SYMBOUCuSIP PIPE OUATITY PACE vALUE ANNUAL INCOME VELD GLENBOROUGH REALTY TRUST INC GLB CASH 2.000 21.0000 42.000 2.800 6.6667 BSC RATING: STOCK P/SECTOR MW SAB