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          <RelatedOrExemptFunctionIncmAmt>462272</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1813994</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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      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>20000</Amt>
        <NetInvestmentIncomeAmt>10000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>10000</DisbursementsCharitablePrpsAmt>
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      <ContractorCompExplnGrp>
        <ContractorBusinessName>
          <BusinessNameLine1Txt>MORGAN STANLEY</BusinessNameLine1Txt>
        </ContractorBusinessName>
        <ExplanationTxt>INVEST. ADVISOR</ExplanationTxt>
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    </ContractorCompensationExpln>
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      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE &amp; FIXTURES</PropertyDesc>
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        <PriorYearDepreciationAmt>82518</PriorYearDepreciationAmt>
        <ComputationMethodTxt>STRAIGHT LINE</ComputationMethodTxt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>LEASEHOLD IMPROVEMENTS</PropertyDesc>
        <CostOrOtherBasisAmt>12824</CostOrOtherBasisAmt>
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    <GainLossSaleOtherAssetsSch documentId="RetDoc5">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY</AssetDesc>
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        <BasisAmt>22224421</BasisAmt>
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      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGA</AssetDesc>
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      <InvestmentsCorporateStockGrp>
        <StockNm>CORPORATE STOCK- MORGAN STANLEY</StockNm>
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        <CategoryOrItemTxt>BONDS AND NOTES - MSSB</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>129371</BookValueAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIVATE INVESTMENTS - WELLESLEY/FRNT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1803755</BookValueAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIVATE INVESTMENTS - SCIREH THREE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>504961</BookValueAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIVATE INVESTMENTS - CANAL DISTRICT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>500000</BookValueAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIVATE INVESTMENTS - WBC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>500000</BookValueAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIVATE INVESTMENTS - MUCOSAL VACC.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>200000</BookValueAmt>
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    <LandEtcSchedule2 documentId="RetDoc8">
      <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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    </LandEtcSchedule2>
    <OtherAssetsSchedule documentId="RetDoc9">
      <OtherAssetsScheduleGrp>
        <Desc>OPERATING RIGHT OF USE</Desc>
        <BOYBookValueAmt>77183</BOYBookValueAmt>
        <EOYBookValueAmt>40645</EOYBookValueAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>500</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>250</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>250</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>10021</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5010</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5011</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>MEALS AND ENTERTAINMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>20753</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>10377</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>10376</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>MEMBERSHIPS AND DUES</Desc>
        <RevenueAndExpensesPerBooksAmt>3314</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1657</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1657</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES AND OTHER OFFICE EXP</Desc>
        <RevenueAndExpensesPerBooksAmt>2249</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1125</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1124</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL SERVICE FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>2600</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1300</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1300</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE AND DELIVERY</Desc>
        <RevenueAndExpensesPerBooksAmt>595</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>297</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>298</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK SERVICE CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>15</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>24</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>12</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>12</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>2047</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1024</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1023</DisbursementsCharitablePrpsAmt>
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        <Amt>2713480</Amt>
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    <OtherLiabilitiesSchedule documentId="RetDoc12">
      <OtherLiabilitiesDetail>
        <Desc>CURRENT PORTION OF OPERATING LEASE</Desc>
        <BOYBookValueAmt>38709</BOYBookValueAmt>
        <EOYBookValueAmt>40645</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>OPERATING LEASE, NET OF CURRENT</Desc>
        <BOYBookValueAmt>38474</BOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>265035</Amt>
        <NetInvestmentIncomeAmt>265035</NetInvestmentIncomeAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER</CategoryTxt>
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      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>7379</Amt>
        <NetInvestmentIncomeAmt>7379</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
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        <NetInvestmentIncomeAmt>7294</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7294</DisbursementsCharitablePrpsAmt>
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      <TaxesDetail>
        <CategoryTxt>ESTIMATED FEDERAL TAX ON NET INV</CategoryTxt>
        <Amt>12197</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>