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PADCO ADVISORS INC /MD NEW
> DHR
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2010 | DANAHER CORP /DE/ | DHR | 0 | -17,556 | 0 | -652,000 | |
| 09/30/2010 | DANAHER CORP /DE/ | DHR | 0 | -17,556 | 0 | -652,000 | |
| 06/30/2010 | DANAHER CORP /DE/ | DHR | 17,556 | 7,088 | 652,000 | -135,000 | $37.14 |
| 03/31/2010 | DANAHER CORP /DE/ | DHR | 7,848 | -2,620 | 627,000 | -160,000 | $79.89 |
| 12/31/2009 | DANAHER CORP /DE/ | DHR | 10,468 | 1,484 | 787,000 | 182,000 | $75.18 |
| 09/30/2009 | DANAHER CORP /DE/ | DHR | 8,984 | 2,162 | 605,000 | 184,000 | $67.34 |
| 06/30/2009 | DANAHER CORP /DE/ | DHR | 6,822 | -3,713 | 421,000 | -150,000 | $61.71 |
| 03/31/2009 | DANAHER CORP /DE/ | DHR | 10,535 | 141 | 571,000 | -17,000 | $54.20 |
| 12/31/2008 | DANAHER CORP /DE/ | DHR | 10,394 | 10,394 | 588,000 | 588,000 | $56.57 |
| 09/30/2008 | DANAHER CORP /DE/ | DHR | 9,017 | -47,708 | 626,000 | -3,759,000 | $69.42 |
| 06/30/2008 | DANAHER CORP /DE/ | DHR | 56,725 | 49,845 | 4,385,000 | 3,862,000 | $77.30 |
| 03/31/2008 | DANAHER CORP /DE/ | DHR | 6,880 | -7,205 | 523,000 | -713,000 | $76.02 |
| 12/31/2007 | DANAHER CORP /DE/ | DHR | 14,085 | -5,990 | 1,236,000 | -424,000 | $87.75 |
| 09/30/2007 | DANAHER CORP /DE/ | DHR | 20,075 | 6,940 | 1,660,000 | 668,000 | $82.69 |
| 06/30/2007 | DANAHER CORP /DE/ | DHR | 13,135 | 3,870 | 992,000 | 330,000 | $75.52 |
| 03/31/2007 | DANAHER CORP /DE/ | DHR | 9,265 | 1,880 | 662,000 | 127,000 | $71.45 |
| 12/31/2006 | DANAHER CORP /DE/ | DHR | 7,385 | -2,320 | 535,000 | -131,000 | $72.44 |
| 09/30/2006 | DANAHER CORP /DE/ | DHR | 9,705 | 9,705 | 666,000 | 666,000 | $68.62 |
| 06/30/2006 | DANAHER CORP /DE/ | DHR | 5,839 | -2,150 | 376,000 | -132,000 | $64.39 |
| 03/31/2006 | DANAHER CORP /DE/ | DHR | 7,989 | -3,580 | 508,000 | -137,000 | $63.59 |
| 12/31/2005 | DANAHER CORP /DE/ | DHR | 11,569 | 5,135 | 645,000 | 299,000 | $55.75 |
| 09/30/2005 | DANAHER CORP /DE/ | DHR | 6,434 | 4,075 | 346,000 | 223,000 | $53.78 |
| 06/30/2005 | DANAHER CORP /DE/ | DHR | 10,924 | 9,195 | 572,000 | 480,000 | $52.36 |
| 03/31/2005 | DANAHER CORP /DE/ | DHR | 17,964 | 2,608 | 959,000 | 77,000 | $53.38 |
| 12/31/2004 | DANAHER CORP /DE/ | DHR | 15,356 | 13,361 | 882,000 | 780,000 | $57.44 |
| 09/30/2004 | DANAHER CORP /DE/ | DHR | 1,995 | -15,098 | 102,000 | -784,000 | $51.13 |
| 06/30/2004 | DANAHER CORP /DE/ | DHR | 17,093 | 16,193 | 886,000 | 802,000 | $51.83 |
| 03/31/2004 | DANAHER CORP /DE/ | DHR | 900 | -13,334 | 84,000 | -1,222,000 | $93.33 |
| 12/31/2003 | DANAHER CORP /DE/ | DHR | 14,234 | 1,794 | 1,306,000 | 387,000 | $91.75 |
| 09/30/2003 | DANAHER CORP /DE/ | DHR | 12,440 | -180 | 919,000 | 60,000 | $73.87 |
| 06/30/2003 | DANAHER CORP /DE/ | DHR | 12,620 | 9,730 | 859,000 | 669,000 | $68.07 |
| 03/31/2003 | DANAHER CORP /DE/ | DHR | 2,890 | 1,984 | 190,000 | 130,000 | $65.74 |
| 12/31/2002 | DANAHER CORP /DE/ | DHR | 906 | -6,721 | 60,000 | -374,000 | $66.23 |
| 09/30/2002 | DANAHER CORP /DE/ | DHR | 7,627 | 7,627 | 434,000 | 434,000 | $56.90 |
| 06/30/2002 | DANAHER CORP /DE/ | DHR | 0 | -2,300 | 0 | -163,000 | |
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