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      <DoNotFollowSFAS117>X</DoNotFollowSFAS117>
      <RetainedEarningsEndowmentEtc>
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      <TotalLiabNetAssetsFundBalances>
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      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>-2102401</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>1128869</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="11000144" softwareVersion="2011v1.2">
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        <Depreciation>378558</Depreciation>
        <BookValue>168826</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>103555</OtherCostOrOtherBasis>
        <Depreciation>103555</Depreciation>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>168826</TotalOfBookValueLandBuildings>
      <TotalOfBookValueSecurities>42518430</TotalOfBookValueSecurities>
      <OtherLiabilities>
        <Description>DUE TO AFFILIATED FUNDS</Description>
        <Amount>22219</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>CURRENT BENEFIT OBLIGATIONS</Description>
        <Amount>9801000</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>9823219</TotalOfAmounts>
      <TotalRevenue>25490109</TotalRevenue>
      <TotalExpenses>27592510</TotalExpenses>
      <ExcessOrDeficitForYear>-2102401</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>1128869</NetUnrealizedGLOnInvestments>
      <OtherAmount>852000</OtherAmount>
      <TotalAdjustments>1980869</TotalAdjustments>
      <ExcessOrDeficitPerFS>-121532</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>26185333</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>1128869</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>1128869</RevenueNotRptdF990>
      <RevenueSubtotal>25056464</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>111613</InvestmentExpensesNotIncluded>
      <OtherRevenuesNotIncluded>322032</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>433645</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>25490109</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>26306865</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>26306865</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>111613</InvestmentExpensesNotIncluded2>
      <OtherExpensesNotIncluded>1174032</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>1285645</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>27592510</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 4b</Identifier>
        <ReturnReference>Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S</ReturnReference>
        <Explanation>REIMBURSED PAYROLL, TAXES AND BENEFITS $322032 INCREASE IN CURRENT BENEFIT OBLIGATIONS $852000</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 4b</Identifier>
        <ReturnReference>Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S</ReturnReference>
        <Explanation>REIMBURSED PAYROLL, TAXES AND BENEFITS $322032</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
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      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <Form990ScheduleJPartII>
        <NamePerson>PATRICK ZAK</NamePerson>
        <BaseCompensationFilingOrg>111500</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>46790</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>18554</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>176844</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>CATHERINE WENSKUS</NamePerson>
        <BaseCompensationFilingOrg>146080</BaseCompensationFilingOrg>
        <DeferredCompFilingOrg>10592</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>11064</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>167736</TotalCompensationFilingOrg>
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    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.2">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>A SUMMARY ANNUAL REPORT IS DISTRIBUTED TO ALL PARTICIPANTS. PARTICIPANTS ARE ABLE TO REQUEST THE AUDITOR'S REPORT AND OTHER FINANCIAL INFORMATION FROM THE PLAN ADMINISTRATOR AND/OR THE US DEPARTMENT OF LABOR. ALSO, FORM 5500 IS OPEN TO PUBLIC INSPECTION THROUGH THE US DEPARTMENT OF LABOR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 15b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees</ReturnReference>
        <Explanation>THE BOARD OF TRUSTEES REVIEW SALARIES AND COMPENSATION ANNUALLY FOR EACH EMPLOYEE OF THE FUND. ALL CHANGES IN COMPENSATION IS APPROVED AND DOCUMENTED IN THE CORRESPONDING BOARD MEETING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>THE TRUSTEES ARE GOVERNED BY THE TRUST DOCUMENT AND HAVE A FIDUCIARY RESPONSIBILITY UNDER ERISA TO ADMINISTER THE PLAN IN THE BEST INTEREST OF THE MEMBERSHIP. THE US DEPARTMENT OF LABOR REQUIRES ALL LABOR TRUSTEES TO REPORT ON FORM LM-30 POTENTIAL SITUATIONS WHERE THERE MAY BE CONFLICTS OF INTEREST. THIS INFORMATION IS OPEN TO THE PUBLIC.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>THE TRUSTEES AUTHORIZE THE FUND'S ADMINISTRATOR AND A DESIGNATED TRUSTEE TO REVIEW THE FORM 990 BEFORE IT'S FILED.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>28600 BELLA VISTA PARKWAY</AddressLine1>
          <City>WAREENVILLE</City>
          <State>IL</State>
          <ZIPCode>60555</ZIPCode>
        </AddressUS>
        <EIN>364166378</EIN>
        <PrimaryActivities>PROVIDE UNEMPLOYMENT BENEFITS FOR PARTICIPANTS</PrimaryActivities>
        <LegalDomicileState>IL</LegalDomicileState>
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        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
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      <Form990ScheduleRPartII>
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        <AddressUS>
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          <City>WARRENVILLE</City>
          <State>IL</State>
          <ZIPCode>60555</ZIPCode>
        </AddressUS>
        <EIN>362942688</EIN>
        <PrimaryActivities>PROVIDE VACATION BENEFITS FOR PARTICIPANTS</PrimaryActivities>
        <LegalDomicileState>IL</LegalDomicileState>
        <ExemptCodeSection>501(c)(9)</ExemptCodeSection>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
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        <AddressUS>
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          <City>WARRENVILLE</City>
          <State>IL</State>
          <ZIPCode>60555</ZIPCode>
        </AddressUS>
        <EIN>366455509</EIN>
        <PrimaryActivities>RETIREMENT BENEFITS</PrimaryActivities>
        <LegalDomicileState>IL</LegalDomicileState>
        <ExemptCodeSection>401(a)</ExemptCodeSection>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>IBEW LOCAL 701 PENSION FUND</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>28600 BELLA VISTA PARKWAY</AddressLine1>
          <City>WARRENVILLE</City>
          <State>IL</State>
          <ZIPCode>60555</ZIPCode>
        </AddressUS>
        <EIN>366455509</EIN>
        <PrimaryActivities>PROVIDE PENSION BENEFITS TO PARTICIPANTS</PrimaryActivities>
        <LegalDomicileState>IL</LegalDomicileState>
        <ExemptCodeSection>401(a)</ExemptCodeSection>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>true</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>