FIDUCIARY COUNSELLING INC

Q4 2014 13F Holdings Report, Stock Holdings

Signature - Title
Jason K Mitchell - Chief Compliance Officer
Location
Saint Paul, MN
Holdings as of
December 31, 2014
Value $
$27.2M
Num holdings
9
Date filed
2/17/2015, 03:49 PM
Description
All US holdings of this investor are reported in this report. Confidential Treatment Requested (one or more holding(s) omitted). The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP code, the number of shares as of the end of the calendar quarter for which the report is filed, and the total market value. The market value column should not be used as a substitute for Assets Under Management (AUM), as it does not include cash held in accounts.
Sym Weight Trade Impact Company Class Shares Change Activity Value Change $ Value $ * Price $ Shares Principal
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Confidential Treatment Requested. (The Manager has omitted from this public Form 13F one or more holding(s) for which it is requesting confidential treatment from the U.S. Securities and Exchange Commission pursuant to section 13(f) of the Exchange Act and rule 24b-2 thereunder)

Person Signing this Report on Behalf of Reporting Manager:

Name Title City, State Date
Stephen G. Simon Chief Compliance Officer Saint Paul, Minnesota 2/17/2015

Confidential information has been omitted from this public Form 13F report, is subject to a request for confidential treatment of information in accordance with Rule 24b-2 under the Securities Exchange Act of 1934 and has been separately filed with the Secretary of the Securities and Exchange Commission.