Reports: Stevens, Murkowski and Young reports investments

FAIRBANKS (AP) -- Sen. Ted Stevens' investments with prominent Alaska real estate developers last year showed mixed results, according to financial disclosure forms released by members of Congress.

The reports, which cover 2001, require lawmakers to reveal their finances.

Reports show that Stevens lost money on some real estate ventures and made money on others.

It also shows that Sen. Frank Murkowski is the richest member of Alaska's congressional delegation, owning between $1 million and $5 million in both First Bank of Ketchikan and Wells Fargo, formerly National Bank of Alaska.

Between the two banks, he collected between $250,000 to $1.1 million in dividends last year. The lawmakers are only required to report earnings and investments within broad ranges.

Murkowski is seeking the Republican nomination for governor in August.

Murkowski also has between $500,000 and $1 million invested in New Frontier Ventures. His federal form lists his wife, Nancy, his daughter Lisa, and Verne Martell as other investors.

Murkowski reported owning a variety of stocks and property, including a condominium in Park City, Utah.

Stevens earned about $58,000 last year from a subdivision development in Utah in which he is partner with Anchorage business owners Bob Penny and Veronica Montgomery.

Stevens reported losing about $54,000 from a company called JLS Properties, of which he owns a 7.7 percent share.

A principal owner in JLS Properties, Jonathan Rubini, also owns other ventures in which Stevens has invested.

Stevens invested between $115,000 and $300,000 in real estate ventures called Centerpoint I and II, of which Rubini is a large stock owner, disclosure forms show.

All 535 members of Congress must report annually on their outside income, assets, liabilities, travel paid by private interests and speech honoraria, or fees. By law, all honoraria for speeches must be donated to charity.

The forms show that the Congressional Sportsmen's Foundation flew Rep. Don Young to Napa, Calif., in April for a speech. Young is also a member of the board for the National Rifle Association.

Young declared between $130,000 to $350,000 in mutual funds and IRAs along with $4,398 from a state pension. Young is a former teacher and state legislator.