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MORGAN STANLEY
> NCOC
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2009 | NATIONAL COAL CORP | NCOC | 20,093 | -7,128 | 17,000 | -16,000 | $0.85 |
| 09/30/2009 | NATIONAL COAL CORP | NCOC | 27,221 | -227,913 | 33,000 | -270,000 | $1.21 |
| 06/30/2009 | NATIONAL COAL CORP | NCOC | 255,134 | 255,134 | 303,000 | 303,000 | $1.19 |
| 09/30/2008 | NATIONAL COAL CORP | NCOC | 0 | -73,701 | 0 | -653,000 | |
| 06/30/2008 | NATIONAL COAL CORP | NCOC | 73,701 | 73,701 | 653,000 | 653,000 | $8.86 |
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