AO I0 Rev.

1/2011

FINANCIAL DISCLOSURE REPORT FOR CALENDAR YEAR 2010

2. Court or Organization

Report Required by the Ethics in Government Act ofl978 (5 U.S. C. app..~%7 101-111)

I. Person Reporting (last name, first, middle initial) Hughes, Lynn N. 4. Title (Article ill judges indicate active or senior status; magistrate judges indicate full- or parl-time)

3. Date of Report

Southem District of Texas

5a. Report Type (check appropriate t)~e) ] Nomination, [] Initial Date [] Annual [] Final

08/05/2011
6. Reporting Period 01/01/2010 to 12/31/2010

District Judge

5b. [] Amended Rcpoa

7. Chambers or Office Address

Suite I 1122 515 Rusk Avenue Houston, Texas 77002-2605

8.On the basis of the information contained in this Report and any modifications pertaining thereto, it is, in my opinion, in compliance with applicable laws and regulations.

Reviewing Officer

Date

IMPORTANT NOTES: The instructions accompanying this form must be followed Complete ali parts,
checking the NONE box for each part where you have no reportable information. Sign on iast page.

I. POSITIONS. m,po,~ing

D
1.

NONE (No reportablepositions.) POSITION Independent Executor

NAME OF ORGANIZATION/ENTITY
Estate Four (relative, no interest, no compensation)

3. 4. 5.

II. AGREEMENTS. (Re,o,~i,~ i,aiv~a~t o,ay; ,,o r,. 14.16 of filing instructions.)
~ NONE (No reportable agreements.) DATE PARTIES AND TERMS

Hu.qhes, Lvnn N.

FINANCIAL DISCLOSURE REPORT Page 2 of 10

Name of Person Reporting Hughes, Lynn N.

Date of Report 08/05/2011

III. NON-INVESTMENT INCOME. (Repo.ing individual and spouse; seepp. 17-24 of filing instructions.)
A. Fliers Non-lnvestment Income
~ NONE (No reportable non-investment income.)

DATE

SOURCE AND TYPE

INCOME
(yours, not spouses)

2. 3. 4.

B. Spouses Non-Investment Income - If sou were married during any portion of the reporting )ear, complete this section.
(Dollar amount not required except for honoraria.)

NONE (No reportable non-investment income.) DATE

1. 2. 3. 4.

SOURCE AND TYPE

IV. REIMBURSEMENTS - transportation, lodging, food, entertainment

(Includes those to spouse and dependent children; see pp. 25-27 of filing instructions.)

NONE (No reportable reimbursements.)

SOURCE DATES 04/01-14 LOCATION New Orleans

PURPOSE
Lecture

ITEMS PAID OR PROVIDED

Note Four

I.

American Assoc of Petroleum Geologists AAPG AAPG AAPG

2. 3. 4. 5.

09/15-16 06/06-08 04/29-05/02

Midland, Texas Calgary, Alberta Tucson, Arizona

Lecture Lecture Lecture

Name of Person Reporting

Date of Report 08/05/201 I

FINANCIALpage 3 of 10 DISCLOSURE REPORT

nug.es, Lyan N.

V. GIFTS. (Includes those to spouse and dependent children; see pp. 28-31 of filing instructions.)
NONE (No reportable gifts.)
SOURCE
I. 2. 3. 4. 5.

DESCRIPTION

VALUE

Vl. LIABILITIES. andudes ,hose o/spouse and dependent children; seepp. 32-33 of filing instructions.)
[~] NONE (No reportable liabilities.) CREDITOR
I. 2. 3. 4. 5.

DESCRIPTION

VALUECODE

FINANCIAL DISCLOSURE REPORT Page 4 of 10

Name of Person Reporting Hughes, Lynn N.

Date of Report 08/05/2011

VII. INVESTMENTS and TRUSTS - income, value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of filing instructionsO
NONE (No reportable income, assets, or transactions.)
Description of Assets (including trust assets) Place "(X)" after each asset exempt from prior disclosure Income during reporting period O) (2) Amount Type (e.g., Code 1 div., rent, (A-H) or int.) Gross value at end of reporting period (I) (2) Value Value Code 2 Method (J-P) Code 3 Transactions during reporting period

O)
Type (e.g., buy, sell, redemption)

(2) (3) (4) Date Value mrn!dd/yy Code 2 (J-P)

(5)
Gain Code 1 (A-H) Identity of buyer/seller (if private transaction)

(Q-W)
** Land *******
2.

Tract One, grazing, Colorado County, Texas Tract Two, rice, Colorado & Wharton Counties, Texas

C E

Rent Rent

M N

R R

Devise Devise

1991 1991

3. 4. 5.

** IRAs *******

6. FundSource-I 7. FundSource-2

A A

Distribution Distribution

L K

10. Sun Micro II. 12. 13. 14. 15. Prosperity Bancshares Chevron Wells Fargo & Co Wells Fargo & Co-2 A C E C

None

Sold

01/28

Dividend Dividend Dividend Dividend

L M O M

T T T T

Interest

Note One

I. Income Gain Codes: (See Columns BI and D41 2. Value Codes [See Columns CI and D3) 3. Value Method Codes [Scc Column C2)

A =$I,000 or less F =$50.001 - $100,000 J -$15.000 or less N =$250.001 - $50~.000 P3 = $25.000.0~ I - $50.00~.000 Q =Appraisal U =Book Value

B =$1.001 - $2.500 G =$100.001 - $1.000,000 K =$15.001 - $50.000 O =$500,001 - $1,000,000 R =Cost (Real Estate Only) V =Other

C =$2.501 - $5,000 H I =$1,000.001 - $5.000.000 L -$50.001 - $100.000 PI =$1.000,001 - $5.000.000 P4 =More than $50,000.000 S =Assessment W =Estimated

D =$5,001 - $15,00~ H2 =More Ihan $5.000,000 M =$100,001 - $250,000 P2 =$5,000,091 - $25.000.000 T =Cash Market

E =$15,001 - $50,000

FINANCIAL DISCLOSURE REPORT Page 5 of 10

Name of Person Reporting Hughes, Lynn N.

Date of Report 08/05/2011

VII. IN VESTMENTS and TRUSTS -income, value, transactions anctades those of spoase and dependent children; seepp. 34-60 of filing instructions.)
NONE (No reportable income, assets, or transactions.)
Description of Assets (including trust assets) Place "(x)" after each asset exempt from prior diselosure Income during reporting period (l) (2) Amount Type (e.g., Code I div., rent,
(A-H) or int.)

Gross value at end of reporting period O) Value

Code 2 (J-P)

Transactions during reporting period (]) Type (e.g., buy, sell, redemption)
(2) (3) (4) Date Value Gain mm/dd/yy Code 2 Code I (J-P) (A-H)

(2) Value
Method Code 3

(Q-W) 18. 19. 20. 21. ** Mutual Funds One*******

22. AIM International Growth

(5) Identity of buyer/seller (if private transaction)

Putnam Global Equity Templeton Growth

A A

Distribution Distribution

J L

T T

*** Note One *** D D D A C A A A D Distribution Distribution Distribution Distribution Distribution Distribution Distribution Distribution Distribution N N O O O N M 0 N T T T T T T T T T Sold 10/9 N Buy 2/13 M

23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34.

AIM International Fund-Asia Belmar Capital Fund LLC Jennison Equity Opportunity AIM Basic Value Jennison Mid Cap Growth Pioneer l_egg Mason Aggressive Growth AIM Developing Markets

** Minerals ******** MI-10 MI-16 y A Royalty J W Prod Gather SJ Basin Blue Door

I. Income Gain Codes: (.See Colurans BI and 2. Value Codc~ (See Columns CI and D3) 3. Value Method Codes (See Column C2)

A =$1,000 or less F=$50,001 - $100,000 J=$15,000 or less N =$250.001 - $509,000 P3 =$25.000.001 - $50,000.000 Q =Appraisal U =Brink Value

B =$1,001 - $2,500 G =$100,001 - $1,000.000 K =$15,001 - $50,000 O=$500,001 - $1,000,0(~ R =Cost (Real Estate Only) V O~.her

C =$2,501 - $5,000 H 1 =$1,000,001 - $5,000,000 L =$50,001 - $100,000 PI =$1,000,001 - $5,000,000 P4 =More Ihan $50,000.000 S =Assessment W =Eslimatc,d

D =$5,001 -$15,000 H2 =hlore than $5,00(I.000 M =$100,001 - $250,000 P2 =$5,000,001 - $25,0{~,00~ T =Cash Market

E =$15,001 - $50,000

FINANCIAL DISCLOSURE REPORT Page 6 of 10

Name of Person Reporting Hughes, Lynn N.

Date of Report 08/05/201 I

VII. INVESTMENTS and TRUSTS -income, value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of filing instructions.)
NONE (No reportable income, assets, or transactions.)
A. Description of Assets (including trust assets) B. Income during reporting period (1) (2) C. Gross value at end of reporting period (I) (2) D. Transactions during reporting period (I) Type (e.g., buy, sell, redemption) (2) (3) (4) Date Value mm/dd/yy Code 2

(5)
Gain Code I Identity of buyer/seller (if private transaction)

Place "(X)" after each asset exempt from prior disclosure

Amount Code I (A-H)

Type (e.g., div., rent, or int.)

Value Code 2 (J-P)

Value Method Code 3 (Q-W)

(JP) i (A-H)

35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49.

MI-19 MI-21 MI-22 MI-33 y MI-35 y MI-36 y M[-37 MI-38 E-I MI-39 MI--40 y MI-41 Andrews County, Texas x MI-42 San Juan County, New Mexico x MI-43 San Juan x MI-44 San Juan x

A B A

Royalty Royalty Royalty

J K J

W W W

McLane Sun Oil Devon Energy Dudley Land Co. Everest-Brown Shut Flint Hills

A A A

Royalty Royalty Royalty

J J K

W W W

ConocoPhillips SW Operating Everest-Hilje Land

G E B D

Royalty Royalty Royalty Royalty

L J J J

W W W W

Encore Vanguard, Note 6 XTO Note 7 BP Note 7 New Mexico, Note 7

50. *** Money Market Funds*** 51. Wells Fargo Advisors D

********* Interest L T Note One

1. Income Gain Codes: (See Columns B I and 1)4) 2. Value Codes (See Columns CI and D3) 3. Value Method Codes (See Column C2}

A =S1,000 or less F =$50.001 - $100.0(~ J -$15.000 or less N =$250.0~1 - $500,000 P3 -$25.000.001 - $50.000.000 Q -Appraisal U =Book Value

B =$1,001 - $2,500 G =$I00,001 - $1.000,000 K =$15.0~1 - $50,003 O -$500,001 - $1,000,000 R =Cost (Real Estate Only) V =Other

C ~$2,501 - $5,0~0 HI =$1,000.001 - $5,000,0~0 L =$50,001 - $100,0OO PI =$1,000,001 - $5,0OO,000 P4 ~Move than $50,000,000 S ~Assessmenl W =Estimated

D =$5,001 - $15,000 H2 =More Ihan M -$100.001 - $250.000 P2 ~$5,000.091 - $25,000,000 T =Cash Market

E =$15,0~1 - $50.0~0

FINANCIAL DISCLOSURE REPORT Page 7 of 10

Name of Person Reporting Hughes, Lynn N.

Date of Report 08/05/2011

VII. INVESTMENTS and TRUSTS -inc~me~va~ue~transacti~ns(~nc~ude~th~se~fsp~useanddependentchildren;seepp.34-6~f~linginstructi~ns~)

--I NONE (No reportable income, assets, or transactions.)
Description of Assets (including trust assets) Place "(X)" after each asset exempt from prior disclosure Income during reporting period (I) (2) Amount Type (e.g., Code I div., rent, (A-H) or int.) Gross value at end of reporting period Transactions during reporting period

(1)
Value Code 2 (J-P)

(2)
Value Method Code 3 (Q-W)

(~)
Type (e.g., buy, sell, redemption)

(2) (3) (4) Date Value Gain mm/dd/yy Code 2 Code I (J-P) (A-H)

(5)
Identity of buyer/seller (if private transaction)

52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. ** Mutual Funds Two ****** Delaware US Growth Delaware International Equity Delaware Trend Van Kampen Emerging Markets Delaware Small Cap Value Jennison Equity Opportunity Delaware Diverse Value Delaware Golbal Value A D D C A ********* None Distribution Distribution None Distribution Distribution Distribution N M M L M M N L
T T T T T T

** Bank Accounts ******* JPMorgan-Chase Compass Bank-T Compass Bank-G WellsFargo Bank-I WellsFargo Bank-2 A A Interest Interest K N T T A Interest K K T T Merged (with line 57) 2009

*** Note One ***

No Interest Trust Account

Replaced one Compass

*** Note One ***

Buy (addl)

2/13

Buy (addl)

2/13

. B Distribution

Buy

1/29

I. Income Gain Codes: (See Colurrms B 1 and 194 ) 2. Value Codes (See Columns CI and D3) 3. Value Method Codes (Scc Column C2)

A =$1,000 or less F = 550.001 - $ 100,000 J =$15.000or l~s N =$250,001 . $500,000 P3 =$25,000,001 - $50.000.000 Q =Appraisal U =Book Value

B =$1,001 - $2,500 G =$ 100,001 - $ 1,000.000 K 515,001 - 550,0~0 O =$500,001 - $1,000,000 R -Cosl (Real Estate Only) V =Other

C =$2,501 - $5,000 H 1 =51.000,001 - $ 5.000.000 L =$50,001 - $100,0~) Pl =$1,000,001 - $5.000.000 P4 =More Ihan S =Asscssmcnl W =Eslimatcd

D =55,001 - $15,000 H2 -More than M -$100,001 - $250.000 P2 =$5.000.001 - $25.000.000 T =Cash Market

E =$15,001 - $50.000

FINANCIAL DISCLOSURE REPORT Page 8 of 10

Name of Person Reporting Hughes, Lynn N.

Date of Report 08/05/201 I

VII. INVESTMENTS and TRUSTS - income, value, transactions (Includes those of spouse and dependent children; seepp. 34-60 of filing instructions.)
NONE (No reportable income, assets, or transactions.)
Description of Assets (including trust assets) Place "(X)" after each asset exempt from prior disclosure Income during reporting period Gross value at end of reporting period (I) (2) Value Value Code 2 Method (J-P) Code 3 Transactions during reporling period

(O
Amount Code I (A-H)

(2)
Type (e.g., div., rein, or int.)

(1)
Type (e.g., buy. sell, redemption)

(2) Date mm/dd/yy

(3) (4) Value Gain Code 2 Code I (J-P) (A-H)

(5)
Identity of buyer/seller (if private transaction)

(Q-W)
69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. ** Goverment Bonds******* Houston Utility Lower Colorado River Harris County Health RomalSD Arizona Student Housing Bell County, Texas Cinco, Texas Mun Util Dist lllinois Health - 2 Waller, Texas, ISD Maine2000 Carrolton, Texas A A B Interest Interest Interest Interest K K T T Interest
A A A A C

Dryden Global Real Estate

A Distribution

Buy

2/13

******* Interest Interest Interest Interest Interest K L L J L T T T T T Redemption Redeemed Redemption Redeemed Redeemed 2007 5/21 2007 2/15 5/13 K L K A Buy Buy Buy Buy 10/9 10/9 2/29 12/22 K L L J

I. Income Gain Codes: (see Colurmas BI and D4) 2. Value Codes (see Columns CI and D3) 3. Value Method Codes (See Column C2)

=$1,000 or less =$50.001 =$15.000 or less =$250.0~1 - $500,000 P3 =$25,0~0.0~1 - $50.000.000 =Appraisal =Book Value

13 =$1.001 - $2,500 G =$100.001 - $1.000.000 K =$15,001 - $50.0~0 O =$500.001 - $ 1,00O.000 R -Cost (Real Estate Only} V =Other

C =$2,501 - $5,0~, H 1 -$1.009.001 - $ 5.00Q.0~0 L =$50,091 - $100,000 PI =$1,0O0.0~l P4 -More Ihan $50,000.090 S =Assessment W =Estimated

D =$5.001 - $15,00~ H2 =More than M = $ 100.001 - $250,000 P2 -$5,000,001 - $25,000.000 T -Cash Market

E =$15,,~31 - $50.000

FINANCIAL DISCLOSURE REPORT Page 9 of 10

Name of Person Reporting Hughes, Lynn N.

Date of Report 08/05/2011

VIII. ADDITIONAL INFORMATION OR EXPLANATIONS.

Note One: Cash balances in brokerage and bank accounts are swept into money-markets funds or minuicipal money-market funds. Note Two: Capital gains in mutual funds are automatically reinvested. Note Three: [removed] Note Four: The American Association of Petroleum Geologists has used me to lecture on ethics. No fee or honorium. It reimburses me for room and travel. Note Five: [removed] Note Six: This represents royalties from a closed estate on a single tract that had accumulated for 20 years at the Comp~oller of Public Accounts. We recently discovered it and cleared the title. Note Seven: In parallel with note six, this represents 20 years of accumulated royalities that we recently discovered and cleared the title. These tracts are producing currently.

FINANCIAL DISCLOSURE REPORT Page 10 of 10

Name of Person Reporting Hughes, Lynn N.

Date of Report 08/05/2011

IX. CERTIFICATION.
I certify that all information given above (including information pertaining to my spouse and minor or dependent children, if any) is accurate, true, and complete to the best of my knowledge and belief, and that any information not reported was withheld because it met applicable statutory provisions permitting non-disclosure.

1 further certify that earned income from outside employment and honoraria and the acceptance of gifts ~vhich have been reported are in compliance ~vith the provisions of 5 U.S.C. app. 501 et. seq-, 5 U.S.C. 7353, and Judicial Conference regulations.

Signature: S] Lynn N. Hughes

NOTE: ANY INDIVIDUAL WHO KNOWINGLY AND WILFULLY FALSIFIES OR FAILS TO FILE THIS REPORT MAY BE SUBJECT TO CIVIL AND CRIMINAL SANCTIONS (5 U.S.C. app. 104)

Committee on Financial Disclosure Administrative Office of the United States Courts Suite 2-301 One Columbus Circle, N.E. Washington, D.C. 20544