The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN ASSETS TR INC COM 024013104 159,200 6,368,010 SH   SOLE   6,368,010 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 463 19,100 SH   SOLE   19,100 0 0
APACHE CORP COM 037411105 42 10,000 SH   SOLE   10,000 0 0
BP PLC SPONSORED ADR 055622104 488 20,000 SH   SOLE   20,000 0 0
CHEVRON CORP NEW COM 166764100 362 5,000 SH   SOLE   5,000 0 0
EXXON MOBIL CORP COM 30231G102 759 20,000 SH   SOLE   20,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 555 5,000 SH   SOLE   5,000 0 0
PHILIP MORRIS INTL INC COM 718172109 1,824 25,000 SH   SOLE   25,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 549 10,000 SH   SOLE   10,000 0 0
WELLS FARGO CO NEW COM 949746101 50,305 1,752,771 SH   SOLE   1,752,771 0 0