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      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>275 shares of LUXOTTICA GP SPA</NameOfStock>
        <EOYBookValue>8251</EOYBookValue>
        <EOYFMV>11371</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>120 shares of MCDONALDS CORP</NameOfStock>
        <EOYBookValue>8789</EOYBookValue>
        <EOYFMV>10585</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1257 shares of MERGER FUND-SBI</NameOfStock>
        <EOYBookValue>20022</EOYBookValue>
        <EOYFMV>19898</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>250 shares of MOODYS CORP</NameOfStock>
        <EOYBookValue>7512</EOYBookValue>
        <EOYFMV>12580</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>225 shares of NESTLE S.A.</NameOfStock>
        <EOYBookValue>12188</EOYBookValue>
        <EOYFMV>14663</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>225 shares of NOVARTIS AG ADR</NameOfStock>
        <EOYBookValue>12498</EOYBookValue>
        <EOYFMV>14243</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>75 shares of OCCIDENTAL PETROLEUM CORP</NameOfStock>
        <EOYBookValue>6065</EOYBookValue>
        <EOYFMV>5746</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>200 shares of OMNICOM GROUP</NameOfStock>
        <EOYBookValue>8192</EOYBookValue>
        <EOYFMV>9992</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>325 shares of ORACLE CORP</NameOfStock>
        <EOYBookValue>9513</EOYBookValue>
        <EOYFMV>10829</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>100 shares of PEPSICO INC</NameOfStock>
        <EOYBookValue>6485</EOYBookValue>
        <EOYFMV>6843</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>350 shares of PFIZER INC.</NameOfStock>
        <EOYBookValue>6925</EOYBookValue>
        <EOYFMV>8778</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>75 shares of PRAXAIR INC.</NameOfStock>
        <EOYBookValue>7054</EOYBookValue>
        <EOYFMV>8209</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>70 shares of PRECISION CASTPARTS</NameOfStock>
        <EOYBookValue>10165</EOYBookValue>
        <EOYFMV>13259</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>75 shares of ROPER INDUSTRIES NEW COMMON</NameOfStock>
        <EOYBookValue>6179</EOYBookValue>
        <EOYFMV>8361</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>200 shares of SCHLUMBERGER LTD</NameOfStock>
        <EOYBookValue>13056</EOYBookValue>
        <EOYFMV>13860</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>200 shares of SIRONA DENTAL SYSTEMS INC</NameOfStock>
        <EOYBookValue>9677</EOYBookValue>
        <EOYFMV>12892</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>375 shares of SOTHEBYS</NameOfStock>
        <EOYBookValue>11505</EOYBookValue>
        <EOYFMV>12608</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1392 shares of SPDR DJ WILSHIRE INT</NameOfStock>
        <EOYBookValue>50080</EOYBookValue>
        <EOYFMV>57558</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>73 shares of SPDR SP 500 ETF TRUST</NameOfStock>
        <EOYBookValue>8070</EOYBookValue>
        <EOYFMV>10396</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>250 shares of TOLL BROTHERS INC</NameOfStock>
        <EOYBookValue>8052</EOYBookValue>
        <EOYFMV>8083</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>450 shares of TYCO INTERNATIONAL LTD.</NameOfStock>
        <EOYBookValue>11064</EOYBookValue>
        <EOYFMV>13163</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>150 shares of VARIAN MEDICAL SYSTEMS INC</NameOfStock>
        <EOYBookValue>8106</EOYBookValue>
        <EOYFMV>10536</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>275 shares of WALT DISNEY HOLDINGS CO.</NameOfStock>
        <EOYBookValue>9126</EOYBookValue>
        <EOYFMV>13692</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="990PF:76" softwareId="12000057" softwareVersion="12.15.422.1">
      <OtherExpenses>
        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>13901</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>13901</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Bank Charges</Description>
        <RevenueAndExpensesPerBooks>28</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>28</NetInvestmentIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="990PF:74" softwareId="12000057" softwareVersion="12.15.422.1">
      <OtherProfessionalFees>
        <Category>Investment Management Services</Category>
        <Amount>17646</Amount>
        <NetInvestmentIncome>17646</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="990PF:75" softwareId="12000057" softwareVersion="12.15.422.1">
      <Taxes>
        <Category>Estimated Tax for 2012</Category>
        <Amount>1100</Amount>
      </Taxes>
      <Taxes>
        <Category>Foreign Tax Paid</Category>
        <Amount>4</Amount>
        <NetInvestmentIncome>4</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>IRS Excise Tax Payment with 1st ext 990-PF</Category>
        <Amount>379</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>