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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY BRAZILIAN REAL NT 144A &amp; REG S 10.090% 05/03/17 B/E DTD 05/03</PropertyDesc>
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        <MediumExplanationTxt>JOHN SYLLA SPENDS 4 HOURS A WEEK IN HIS CAPACITY AS THE BOARD PRESIDENT, AND IS NOT COMPENSATED FOR THIS WORK. OCCASIONALLY HE SERVES AS THE ORGANIZATION'S LAWYER, AT A DISCOUNTED RATE, FOR WHICH HE RECEIVED $4,883 OF NON-EMPLOYEE COMPENSATION.CARLOS LEGASPY SPENDS 2 HOURS A WEEK IN HIS CAPACITY AS THE BOARD TREASURER, AND IS NOT COMPENSATED FOR THIS WORK. IN ADDITION, THE ORGANIZATION PAID $36,795 IN INVESTMENT MANAGEMENT FEES TO THE INVESTMENT FIRM WHICH EMPLOYEES MR. LEGASPY. THESE INVESTMENT MANAGEMENT FEES ARE CALCULATED USING STANDARD RATES CHARGED BY THE INVESTMENT FIRM TO ALL OF ITS INVESTORS.</MediumExplanationTxt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>DEC SALE - EMPRESAS ICA SAB DE CV SR NT PROCEEDS IN PROCESS</StockNm>
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        <EOYFMVAmt>0</EOYFMVAmt>
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        <Desc>INVESTMENT IN WASHINGTON LAND</Desc>
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        <EOYBookValueAmt>1545237</EOYBookValueAmt>
        <EOYFMVAmt>1545237</EOYFMVAmt>
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        <EOYFMVAmt>1269995</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>REFUNDABLE TAXES WITHHELD</Desc>
        <BOYBookValueAmt>513251</BOYBookValueAmt>
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        <NetInvestmentIncomeAmt>346</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>346</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>AMORTIZATION OF BOND PREMIUM</Desc>
        <RevenueAndExpensesPerBooksAmt>6386</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6386</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LESS PURCHASED INTEREST</Desc>
        <RevenueAndExpensesPerBooksAmt>68790</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>68790</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MARGIN INTEREST EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>270</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>270</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>36795</Amt>
        <NetInvestmentIncomeAmt>36795</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAXES</CategoryTxt>
        <Amt>25000</Amt>
        <NetInvestmentIncomeAmt>25000</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>STATE FILING FEE</CategoryTxt>
        <Amt>25</Amt>
        <NetInvestmentIncomeAmt>25</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PROPERTY TAXES</CategoryTxt>
        <Amt>18664</Amt>
        <NetInvestmentIncomeAmt>18664</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES WITHHELD</CategoryTxt>
        <Amt>1596</Amt>
        <NetInvestmentIncomeAmt>1596</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>