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  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-11-03T10:03:45-07:00</ReturnTs>
    <TaxPeriodEndDt>2016-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>PETE MILLER CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>598 S DENTON TAP RD STE 101</AddressLine1Txt>
        <CityNm>COPPELL</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>750194004</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>464080656</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE WALES FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>WALE</BusinessNameControlTxt>
      <PhoneNum>2145375600</PhoneNum>
      <USAddress>
        <AddressLine1Txt>4989 SHADYWOOD LN</AddressLine1Txt>
        <CityNm>DALLAS</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>75209</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JAMES R WALES</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>2145375600</PhoneNum>
      <SignatureDt>2017-10-31</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>PETE MILLER</PreparerPersonNm>
      <PhoneNum>9724629373</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>66.25.15.70</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2017-11-03</IPDt>
      <IPTm>10:03:41</IPTm>
      <IPTimezoneCd>PD</IPTimezoneCd>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
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    </FilingSecurityInformation>
    <TaxYr>2016</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="00000001" referenceDocumentId="00000005" referenceDocumentName="ReasonableCauseExplanation GeneralExplanationAttachment">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>896805</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>3</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>3</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>70879</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>70879</DividendsNetInvstIncmAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="00000008" referenceDocumentName="OtherIncomeSchedule2">6383</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>6383</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>77265</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>77265</TotalNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="00000003" referenceDocumentName="AccountingFeesSchedule">3200</AccountingFeesRevAndExpnssAmt>
        <InterestRevAndExpnssAmt>830</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>822</InterestNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="00000011" referenceDocumentName="TaxesSchedule">170</TaxesRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="00000007" referenceDocumentName="AmortizationSchedule OtherExpensesSchedule">18346</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>18346</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>22546</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>19168</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>2000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>2000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>24546</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>19168</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>2000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>52719</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>58097</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>2624</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>46687</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>46687</SavAndTempCashInvstEOYFMVAmt>
        <OtherInvestmentsBOYAmt>794848</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="00000006" referenceDocumentName="InvestmentsOtherSchedule2">828503</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>850118</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>797472</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>875190</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>896805</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="00000009" referenceDocumentName="OtherLiabilitiesSchedule">0</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="00000010" referenceDocumentName="OtherLiabilitiesSchedule">24999</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesEOYAmt>24999</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <RetainedEarningBOYAmt>797472</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>850191</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>797472</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>850191</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>797472</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>875190</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>797472</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>52719</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>850191</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>850191</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>65200</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>842613</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.077378</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>195878</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>804599</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.243448</DistributionYr2Rt>
        <TotalDistributionRt>0.320826</TotalDistributionRt>
        <AverageDistributionRt>0.160413</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>864085</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>138610</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>581</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>139191</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>2000</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1162</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>1162</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1162</TaxBasedOnInvestmentIncomeAmt>
        <AppliedToEsTaxAmt>600</AppliedToEsTaxAmt>
        <TotalPaymentsAndCreditsAmt>600</TotalPaymentsAndCreditsAmt>
        <OriginalReturnTaxPaidAmt>600</OriginalReturnTaxPaidAmt>
        <Form2220AttachedInd referenceDocumentId="00000002" referenceDocumentName="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>14</EsPenaltyAmt>
        <TaxDueAmt>576</TaxDueAmt>
        <AppliedToESTaxAmt>0</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>TX</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>PETE MILLER CPA</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>9724629373</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>598 S DENTON TAP 101</AddressLine1Txt>
          <CityNm>COPPELL</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75019</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JAMES R WALES</PersonNm>
          <USAddress>
            <AddressLine1Txt>4989 SHADYWOOD LN</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75209</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LORETTA M WALES</PersonNm>
          <USAddress>
            <AddressLine1Txt>4989 SHADYWOOD LN</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75209</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GREG MATTLAGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>2602 MCKINNEY AVE STE 230</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75204</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>ORGANIZATION MADE CONTRIBUTIONS TO 2 CHARITABLEORGANIZATIONS THAT SUPPORT HUNDREDS OF INDIVIDUAL NEEDS</Description1Txt>
        <Expenses1Amt>2000</Expenses1Amt>
        <Expenses2Amt>0</Expenses2Amt>
        <Expenses3Amt>0</Expenses3Amt>
        <Expenses4Amt>0</Expenses4Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>27126</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>850118</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>877244</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>877244</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>13159</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>864085</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>43204</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>43204</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1162</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1162</TotalTaxAmt>
        <DistributableBeforeAdjAmt>42042</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>42042</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>42042</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>2000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>2000</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>2000</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>42042</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr2Amt>155992</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>24045</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>180037</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>2000</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>2000</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>40042</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>40042</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>139995</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>139995</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>115950</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>24045</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>JAMES R WALES</ContributingManagerNm>
        <ContributingManagerNm>LORETTA M WALES</ContributingManagerNm>
        <ShareholderManagerNm>NA</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AIDAN JACK SEEGAR FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1179 PROSPECT AVE</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11218</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE GIFT</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CORNERSTONE CROSSROADS ACADEMY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2815 S ERVAY STREET</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75215</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE GIFT</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>2000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>3</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>70879</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>6383</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>77265</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>77265</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="00000003">
      <AccountingFeesDetail>
        <CategoryTxt>PETE MILLER TAX RETURN</CategoryTxt>
        <Amt>3200</Amt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <AllOthProgRltdInvestmentsSch documentId="00000004">
      <AllOtherProgramRelatedInvstGrp>
        <Desc>NONE</Desc>
      </AllOtherProgramRelatedInvstGrp>
    </AllOthProgRltdInvestmentsSch>
    <GeneralExplanationAttachment documentId="00000005">
      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>Part VII-A Statements Regarding Activities</FormAndLineReferenceDesc>
        <MediumExplanationTxt>LINE 8B - TEXAS ATTORNEY GENERAL DOES NOT REQUIRE FILING OF 990'S.</MediumExplanationTxt>
      </GeneralExplanationGrp>
    </GeneralExplanationAttachment>
    <InvestmentsOtherSchedule2 documentId="00000006">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN CATAMOUNT ABS STRATERGIES</CategoryOrItemTxt>
        <BookValueAmt>257346</BookValueAmt>
        <EOYFMVAmt>268752</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN CATAMOUNT ABSOLUTE RETURN FUND LP</CategoryOrItemTxt>
        <BookValueAmt>200340</BookValueAmt>
        <EOYFMVAmt>210549</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN ROYAL CLI LP</CategoryOrItemTxt>
        <BookValueAmt>270555</BookValueAmt>
        <EOYFMVAmt>270555</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN CATAMOUNT STRUCTURED INCOME FUND LP</CategoryOrItemTxt>
        <BookValueAmt>100262</BookValueAmt>
        <EOYFMVAmt>100262</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="00000007">
      <OtherExpensesScheduleGrp>
        <Desc>Portfolio expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>18346</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>18346</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="00000008">
      <OtherIncomeDetail>
        <Desc>Investment income</Desc>
        <RevenueAndExpensesPerBooksAmt>6383</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6383</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="00000009">
      <OtherLiabilitiesDetail>
        <Desc>PAYABLE TO ROYAL WOLF - CLI LP</Desc>
        <EOYBookValueAmt>24999</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherLiabilitiesSchedule documentId="00000010">
      <OtherLiabilitiesDetail>
        <Desc>PAYABLE TO ROYAL WOLF - CLI LP</Desc>
        <EOYBookValueAmt>24999</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="00000011">
      <TaxesDetail>
        <CategoryTxt>Income taxes</CategoryTxt>
        <Amt>170</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>