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        <BOY>51961018</BOY>
        <EOY>49557987</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>55459070</BOY>
        <EOY>53052534</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>-2849601</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>446570</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="2011v1.5">
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>177504</OtherCostOrOtherBasis>
        <Depreciation>175435</Depreciation>
        <BookValue>2069</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>2069</TotalOfBookValueLandBuildings>
      <TotalOfBookValueSecurities>8567434</TotalOfBookValueSecurities>
      <OtherLiabilities>
        <Description>NET TRADES PENDING SETTLEMENT</Description>
        <Amount>1796679</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>BENEFIT OBLIGATIONS CURRENTLY PAYABLE</Description>
        <Amount>1640000</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>3436679</TotalOfAmounts>
      <TotalRevenue>24383100</TotalRevenue>
      <TotalExpenses>27232701</TotalExpenses>
      <ExcessOrDeficitForYear>-2849601</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>446570</NetUnrealizedGLOnInvestments>
      <OtherAmount>105000</OtherAmount>
      <TotalAdjustments>551570</TotalAdjustments>
      <ExcessOrDeficitPerFS>-2298031</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>24700261</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>446570</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>446570</RevenueNotRptdF990>
      <RevenueSubtotal>24253691</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>129409</InvestmentExpensesNotIncluded>
      <RevenueNotRptdOnFinStmt>129409</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>24383100</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>26998292</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>26998292</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>129409</InvestmentExpensesNotIncluded2>
      <OtherExpensesNotIncluded>105000</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>234409</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>27232701</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>change in benefit obl CURRENTLY PAYABLE $105000</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.5">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO ALL PARTICIPANTS UPON REQUEST. DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST to the exTENT REQUIRED BY LAW.</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>ALL EXPENDITURES OF A SIGNIFICANT NATURE ARE REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES WHICH HAS THE OPPORTUNITY AT THE SAME TIME OF SUCH APPROVAL TO REVIEW THE TRANSACTION AND TO INQUIRE IF ANY POTENTIAL CONFLICT EXISTS.</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 FORM 990 WAS PREPARED IN COORDINATION WITH FUND OFFICE PERSONNEL. ONCE COMPLETED, THE FORM WAS PROVIDED TO AND REVIEWED BY THE BOARD OF TRUSTEES, PRIOR TO SUBMISSION.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR" softwareId="11000144" softwareVersion="2011v1.5">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>IUOE LOCAL UNION 14-14B</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>151-57 NORTHERN BLVD</AddressLine1>
          <City>FLUSHING</City>
          <State>NY</State>
          <ZIPCode>113544238</ZIPCode>
        </AddressUS>
        <EIN>135545082</EIN>
        <PrimaryActivities>LABOR UNION</PrimaryActivities>
        <LegalDomicileState>NY</LegalDomicileState>
        <ExemptCodeSection>501(C)5</ExemptCodeSection>
        <PublicCharityStatus>N/A</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>IUOE LOCAL 14-14B TRAINING FUND</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>141-57 NORTHERN BLVD</AddressLine1>
          <City>FLUSHING</City>
          <State>NY</State>
          <ZIPCode>113544238</ZIPCode>
        </AddressUS>
        <EIN>136318522</EIN>
        <PrimaryActivities>BENEFIT FUND</PrimaryActivities>
        <LegalDomicileState>NY</LegalDomicileState>
        <ExemptCodeSection>501(C)3</ExemptCodeSection>
        <PublicCharityStatus>2</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>IUOE LOCAL 14-14B PENSION FUND</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>141-57 NORTHERN BLVD</AddressLine1>
          <City>FLUSHING</City>
          <State>NY</State>
          <ZIPCode>113544238</ZIPCode>
        </AddressUS>
        <EIN>112392157</EIN>
        <PrimaryActivities>BENEFIT FUND</PrimaryActivities>
        <LegalDomicileState>NY</LegalDomicileState>
        <ExemptCodeSection>401(A)</ExemptCodeSection>
        <PublicCharityStatus>N/A</PublicCharityStatus>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>IUOE LOCAL 14-14B ANNUITY FUND</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>141-57 NORTHERN BLVD</AddressLine1>
          <City>FLUSHING</City>
          <State>NY</State>
          <ZIPCode>113544238</ZIPCode>
        </AddressUS>
        <EIN>136321935</EIN>
        <PrimaryActivities>BENEFIT FUND</PrimaryActivities>
        <LegalDomicileState>NY</LegalDomicileState>
        <ExemptCodeSection>401(A)</ExemptCodeSection>
        <PublicCharityStatus>N/A</PublicCharityStatus>
        <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>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>true</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>true</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <Form990ScheduleRPartVII>
        <Identifier>SCHEDULE R, PART II AND IV:</Identifier>
        <Explanation>CERTAIN TRUSTEES LISTED ON PART VII, SECTION A, SERVE AS VOLUNTEERS AND DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION OR ANY RELATED ORGANIZATION.CERTAIN TRUSTEES LISTED ON PART VII, SECTION A, DO NOT RECEIVE COMPENSATION FROM THIS ORGANIZATION, BUT DO RECEIVE COMPENSATION FROM RELATED ORGANIZATIONS IN THEIR CAPACITY AS EMPLOYEES/OFFICERS OF THOSE ORGANIZATIONS. ACCORDINGLY, THEIR COMPENSATION IS ALREADY REPORTED ON THE FORM 990 OF THOSE RELATED ORGANIZATIONS.THE INFORMATION DISCLOSED ON THE ATTACHED SCHEDULES OF RELATED PARTIES IS THAT WHICH WAS AVAILABLE TO THIS ORGANIZATION AT THE TIME OF THIS FILING.</Explanation>
      </Form990ScheduleRPartVII>
    </IRS990ScheduleR>
  </ReturnData>
</Return>