| 1 | WT | — | 9,533.766 | — |
| 2 | WT | — | 1,051.316 | — |
| 3 | 1808280000001000 | REGIONS (FORMERLY FIRST NATIONAL BANK OF | 660.243 | — |
| 4 | 1905150000001000 | STATE OF ALABAMA/DEPT OF CONSERVATION | 657.398 | — |
| 5 | 2006140000001000 | MARTIN, JOHN C TESTAMENTARY TRUSTEE | 653.356 | — |
| 6 | 1609310000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 653.186 | — |
| 7 | 1902090000001000 | STATE OF ALABAMA/DEPT OF CONSERVATION | 653.03 | — |
| 8 | 0503080000001000 | MARTIN, JOHN C JR & ELIZABETH & | 650.99 | — |
| 9 | 0205210000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 640.862 | — |
| 10 | 0209300000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 638.307 | — |
| 11 | 1909310000001000 | REGIONS (FORMERLY FIRST NATIONAL BANK OF | 632.163 | — |
| 12 | 1902100000001000 | STATE OF ALABAMA/DEPT OF CONSERVATION | 630.23 | — |
| 13 | 1908330000001000 | ROGERS, FRANCES E C | 629.164 | — |
| 14 | 1901110000001000 | STATE OF ALABAMA/DEPT OF CONSERVATION | 628.219 | — |
| 15 | 1902040000001000 | STATE OF ALABAMA/DEPT OF CONSERVATION | 625.057 | — |
| 16 | 1906240000001000 | STATE OF ALABAMA/DEPT OF CONSERVATION | 624.987 | — |
| 17 | 1901120000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 624.836 | — |
| 18 | 0504180000001000 | MARTIN TIMBER COMPANY L P | 611.09 | — |
| 19 | 1909320000001000 | ROGERS, FRANCES E C | 609.841 | — |
| 20 | 1607250000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 607.555 | — |
| 21 | 1509290000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 606.658 | — |
| 22 | 1807360000001000 | REGIONS (FORMERLY FIRST NATIONAL BANK OF | 599.734 | — |
| 23 | 1701120000007000 | HOLLINGSHEAD MATERIALS LLC | 586.532 | — |
| 24 | 0608330000001000 | MUSCLE SHOALS LAND HOLDINGS LLC | 582.305 | — |
| 25 | 1906130000001000 | STATE OF ALABAMA/DEPT OF CONSERVATION | 578.866 | — |
| 26 | 1607360000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 568.971 | — |
| 27 | 1307350000001000 | PREUIT & FENNEL FAMILY LP 5/16 INT & | 561.379 | — |
| 28 | 1604180000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 556.283 | — |
| 29 | 1507260000006000 | HENNESSY, PATRICK JOSEPH | 555.38 | — |
| 30 | 0706240001001000 | UNITED STATES GOVERNMENT | 546.75 | — |
| 31 | 0204180000001000 | ADAMS, VALERIE | 543.55 | — |
| 32 | 2008340000001000 | JOHN JOHN II LLC | 538.947 | — |
| 33 | 2004180000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 535.744 | — |
| 34 | 2003070000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 533.708 | — |
| 35 | 1105160000002000X | KING COTTON FARM LTD | 529.816 | — |
| 36 | 1106140000001000 | MPEFM INC 185464 | 529.374 | — |
| 37 | 1806230000002000 | WELLS, THOMAS CALVIN | 528.991 | — |
| 38 | 0401110000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 528.979 | — |
| 39 | 2004190000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 526.939 | — |
| 40 | 2001020000001000 | MCILWAIN, MARK R & CONNIE G | 509.749 | — |
| 41 | 1805220000001001 | WELLS, THOMAS CALVIN | 507.769 | — |
| 42 | 1807350000001000 | REGIONS (FORMERLY FIRST NATIONAL BANK OF | 502.223 | — |
| 43 | 1808270000001000 | REGIONS (FORMERLY FIRST NATIONAL BANK OF | 501.475 | — |
| 44 | 0502030000003000 | CROSS, ANN C 50% & D CARNELL 8.66% & | 494.692 | — |
| 45 | 0503070000001000 | MARTIN TIMBER COMPANY L P | 491.022 | — |
| 46 | 2306140000001000 | GMO THRESHOLD TIMBER COURTLAND LLC | 488.987 | — |
| 47 | 1904170000001000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 484.468 | — |
| 48 | 0406130000001000 | ALABAMA TRUST FUND FOR STATE OF ALABAMA | 483.595 | — |
| 49 | 1903060000002000 | ALABAMA, STATE OF /ALA TRUST FUND FOR | 481.054 | — |
| 50 | 1906140000002000 | STATE OF ALABAMA/DEPT OF CONSERVATION | 480.553 | — |