President Bush reported owning assets valued between $7.5 million and $21.4 million while Vice President Cheney reported assets valued between $20.1 million and $94.6 million, in annual financial disclosure reports filed earlier this week with the federal Office of Government Ethics.

The reports provide only a glimpse into the wealth of both men, as federal ethics laws require only that public officials provide broad ranges of their financial holdings, and do not require them to report the value of other key assets, such as a primary residence. The reports cover the year 2005.

The most expensive assets the president reported were his 1,583-acre ranch near Crawford, Texas, and a qualified diversified trust, each valued between $1 million and $5 million.

The president also received numerous gifts, including a bicycle valued at $5,474, an iPod and book from U2 singer Bono valued at $440, and a chain saw with accessories valued at $351. The president also received a $400 pair of binoculars from Cheney and his wife, Lynne, as well as a fly-fishing rod and reel from GOP Sens. Larry Craig and Mike Crapo of Idaho, among other gifts.

The bulk of Cheney's assets are in various stock and bond investment funds. His two largest assets are investments with The Vanguard Group and American Century Investments International Bond Fund, both valued between $5 million and $25 million.

He also continues to receive benefits from Halliburton, the Texas-based energy services corporation where he served as CEO from 1995 to 2000. In 2005, he received $211,465 as part of a pre-determined, multiple-year deferred compensation plan, and he owns more than $6.9 million in stock options. According to the filing, "383,333 Halliburton Company stock options were exercised in 2005 and the proceeds were donated to charity on a tax-neutral basis."

The vice president and his wife each receive benefits and fees from various corporations and organizations that they have served in some capacity, such as Union Pacific and Proctor and Gamble for Cheney and Reader's Digest for
his wife.

Cheney reported receiving almost $40,000 in gifts last year, including a $338 steel-framed hammock from the president and an autographed, leather-bound copy of the Warren Commission report from former president Gerald R. Ford, valued at $489. Ford was a member of the Warren Commission that investigated the assassination of President Kennedy.

The vice president also received an engraved, hand-made reproduction of a Lewis & Clark rifle valued at $1,000, a Smith and Wesson revolver worth $950, and a historic single-action Colt 45 revolver, valued at $6,125, which was donated to the Cody Firearms Museum.