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          <ExclusionCd>14</ExclusionCd>
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        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-107543</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1176768</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>-107543</RelatedOrExemptFunctionIncmAmt>
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        <TotalIncomeProducingActyAmt>1069225</TotalIncomeProducingActyAmt>
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      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
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        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
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        <NetInvestmentIncomeAmt>11750</NetInvestmentIncomeAmt>
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      <ContractorCompExplnGrp>
        <ContractorBusinessName>
          <BusinessNameLine1Txt>MORGAN STANLEY</BusinessNameLine1Txt>
        </ContractorBusinessName>
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      <DepreciationPropertyGrp>
        <PropertyDesc>LEASEHOLD IMPROVEMENTS</PropertyDesc>
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        <StockNm>CORPORATE STOCK- MORGAN STANLEY</StockNm>
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        <EOYFMVAmt>153293</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIVATE INVESTMENTS - WELLESLEY/FRNT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>1803755</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIVATE INVESTMENTS - SCIREH THREE</CategoryOrItemTxt>
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        <EOYFMVAmt>504961</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIVATE INVESTMENTS - CANAL DISTRICT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>500000</BookValueAmt>
        <EOYFMVAmt>500000</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIVATE INVESTMENTS - WBC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>500000</BookValueAmt>
        <EOYFMVAmt>500000</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIVATE INVESTMENTS - MUCOSAL VACC.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>200000</EOYFMVAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE AND EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>82157</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>82157</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>LEASEHOLD IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>12824</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>12824</AccumulatedDepreciationAmt>
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      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>975</LegalFeesAmt>
        <NetInvestmentIncomeAmt>488</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>487</DisbursementsCharitablePrpsAmt>
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        <Desc>OPERATING RIGHT OF USE</Desc>
        <EOYBookValueAmt>77183</EOYBookValueAmt>
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        <Desc>EXPENSES</Desc>
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      <OtherExpensesScheduleGrp>
        <Desc>FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>250</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>125</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>125</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>3394</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1697</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1697</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>MEALS AND ENTERTAINMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>14368</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7184</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7184</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>MEMBERSHIPS AND DUES</Desc>
        <RevenueAndExpensesPerBooksAmt>1349</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>675</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>674</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES AND OTHER OFFICE EXP</Desc>
        <RevenueAndExpensesPerBooksAmt>1166</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>583</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>583</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL SERVICE FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>2400</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1200</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1200</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE AND DELIVERY</Desc>
        <RevenueAndExpensesPerBooksAmt>550</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>275</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>275</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>LEASEHOLD REPAIRS AND IMPROVE</Desc>
        <RevenueAndExpensesPerBooksAmt>1803</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>902</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>901</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
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        <NetInvestmentIncomeAmt>974</NetInvestmentIncomeAmt>
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        <Desc>CURRENT PORTION OF OPERATING LEASE</Desc>
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      <OtherLiabilitiesDetail>
        <Desc>OPERATING LEASE, NET OF CURRENT</Desc>
        <EOYBookValueAmt>38474</EOYBookValueAmt>
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        <NetInvestmentIncomeAmt>231292</NetInvestmentIncomeAmt>
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      <OtherProfessionalFeesDetail>
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      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>13693</Amt>
        <NetInvestmentIncomeAmt>6847</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6846</DisbursementsCharitablePrpsAmt>
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      <TaxesDetail>
        <CategoryTxt>OTHER TAXES</CategoryTxt>
        <Amt>4</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>ESTIMATED FEDERAL TAX ON NET INV</CategoryTxt>
        <Amt>10000</Amt>
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</Return>