þ
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ANNUAL
REPORT PURSUANT TO SECTION 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
For
the fiscal year ended December 31, 2006
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¨
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TRANSITION
REPORT PURSUANT TO SECTION 15(d)
OF
THE SECURITIES EXCHANGE ACT OF 1934
For
the transition period from ________ to ________
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Page
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1
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2
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3
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4
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Supplemental
Schedule
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11
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KPMG LLP |
2006
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2005
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|||||||
Assets:
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||||||||
Investments
at fair value
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$ |
101,430,888
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75,964,993
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|||||
Due
from trustee
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10,176,267
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—
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||||||
Cash,
non-interest bearing
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44,350
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—
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||||||
Accrued
income
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66,050
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50,672
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||||||
Due
from broker for securities sold
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108,393
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35,732
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||||||
Total
assets
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111,825,948
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76,051,397
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Liabilities:
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||||||||
Due
to broker for securities purchased
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10,329,604
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15,874
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||||||
Net
assets available for benefits
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$ |
101,496,344
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76,035,523
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2006
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2005
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|||||||
Additions
to net assets attributed to:
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||||||||
Contributions
from participants
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$ |
6,927,373
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6,083,783
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Contributions
from employer
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2,626,850
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2,370,750
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Rollover
contributions
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1,647,669
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517,272
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||||||
Interest
and dividend income
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1,485,939
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962,163
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||||||
Net
appreciation in fair value of investments
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9,462,615
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4,671,167
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Total
additions
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22,150,446
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14,605,135
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Deductions
from net assets attributed to:
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||||||||
Benefits
paid to participants
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6,865,892
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4,709,550
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Total
deductions
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6,865,892
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4,709,550
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||||||
Transfers
to the plan from the Global Power Systems, L.L.C.
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||||||||
Profit
Sharing Plan (note 1)
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10,176,267
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—
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||||||
Net
increase
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25,460,821
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9,895,585
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||||||
Net
assets available for benefits, beginning of year
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76,035,523
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66,139,938
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||||||
Net
assets available for benefits, end of year
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$ |
101,496,344
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76,035,523
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(1)
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Description
of the Plan
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(a)
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General
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(b)
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Plan
Administration
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(c)
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Contributions
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(d)
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Benefits
Payments and Loans
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(e)
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Vesting
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(f)
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Plan
Termination
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(g)
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Valuation
of Participant
Accounts
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(2)
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Summary
of Significant Accounting
Policies
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(a)
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Basis
of Presentation
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(b)
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Use
of Estimates
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(c)
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Investment
Valuation
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(d)
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Payment
of Benefits
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(3)
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Investments
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2006:
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Wells
Fargo Treasury Plus Insitutional Money Market Fund
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$ |
13,943,242
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Wells
Fargo Outlook 2020 Fund
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8,869,154
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Dreyfus
Intermediate Term Income Fund
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5,273,075
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Goldman
Sachs Capital Growth Fund
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5,483,910
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Templeton
Foreign Fund
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6,226,813
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American
Funds Growth Fund of America
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6,218,539
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Company
common stock
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27,540,589
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Participant
loans
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6,568,258
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2005:
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Wells
Fargo Treasury Plus Institutional Money Market Fund
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$ |
9,875,971
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Wells
Fargo Asset Allocation Fund
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6,500,970
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Dreyfus
Intermediate Term Income Fund
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4,683,781
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Goldman
Sachs Capital Growth Fund
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5,225,043
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AIM
Constellation Fund
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4,758,462
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American
Funds Growth Fund of America
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4,002,528
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Company
common stock
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18,961,343
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Participant
loans
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6,015,684
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2006
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2005
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Common
trust funds
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$ |
73,611
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447,982
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Mutual
funds
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3,698,223
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1,381,716
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Common
stock
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5,690,781
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2,841,469
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$ |
9,462,615
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4,671,167
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(4)
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Concentration
of Investments
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(5)
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Voting
Rights
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(6)
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Risk
and Uncertainties
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(7)
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Related
Party Transactions
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(8)
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Federal
Income Taxes
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Identity
of issue, borrower, lessor, or
similar
party
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Description
of asset
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Current
value
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Common
trust funds:
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*Wells
Fargo Bank
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Wells
Fargo Treasury Plus Institutional Money Market Fund
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$ |
13,943,242
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*Wells
Fargo Bank
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Wells
Fargo Short-Term Investment Fund
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919,073
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Total
common trust funds
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14,862,315
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Mutual
funds:
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*Wells
Fargo Bank
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Wells
Fargo Outlook 2010 Fund
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918,174
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*Wells
Fargo Bank
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Wells
Fargo Outlook 2020 Fund
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8,869,154
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*Wells
Fargo Bank
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Wells
Fargo Outlook 2030 Fund
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741,111
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*Wells
Fargo Bank
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Wells
Fargo Outlook 2040 Fund
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802,645
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Dreyfus
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Dreyfus
Intermediate Term Income Fund
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5,273,075
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The
Goldman Sachs Group
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Goldman
Sachs Capital Growth Fund
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5,483,910
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Vanguard
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Vanguard
500 Index Fund
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4,638,656
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AIM
Investments
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AIM
Constellation Fund
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4,790,483
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Franklin
Templeton
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Franklin
US Government Securities Fund
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953,714
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Franklin
Templeton
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Templeton
Foreign Fund
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6,226,813
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Lord
Abbett
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Lord
Abbett All Value Fund
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3,450,273
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Fidelity
Advisor
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Fidelity
Advisor Mid Cap Fund
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4,093,179
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American
Funds
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American
Funds Growth Fund of America
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6,218,539
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Total
mutual funds
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52,459,726
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Common
stock:
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*Kirby
Corporation
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Common
stock
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27,540,589
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*Participant
loans
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Interest
rates ranging from 5% to 9.25% and
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maturity
dates from 01/03/2007 to 12/31/2011
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6,568,258
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Total
assets (held at end of year)
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$ |
101,430,888
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*Parties
in interest to the Plan.
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Exhibit
number
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Description
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Consent
of Independent Registered Public Accounting
Firm
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Kirby
401(k) Plan
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June 27,
2007
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BY:
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/S/Jack
M. Sims
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JACK
M. SIMS
Vice
President
Human
Resources of
Kirby
Corporation
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