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          <CostOrOtherBasis>21975</CostOrOtherBasis>
          <GainOrLoss>-105</GainOrLoss>
          <GainsMinusExcessOrLosses>-105</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHURCH &amp; DWIGHT INC</DescriptionOfAsset>
          <DateAcquired>2010-10-20</DateAcquired>
          <DateSold>2011-01-07</DateSold>
          <GrossSalesPrice>20612</GrossSalesPrice>
          <CostOrOtherBasis>20534</CostOrOtherBasis>
          <GainOrLoss>78</GainOrLoss>
          <GainsMinusExcessOrLosses>78</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHURCH &amp; DWIGHT INC</DescriptionOfAsset>
          <DateAcquired>2010-10-20</DateAcquired>
          <DateSold>2011-01-07</DateSold>
          <GrossSalesPrice>82431</GrossSalesPrice>
          <CostOrOtherBasis>82134</CostOrOtherBasis>
          <GainOrLoss>297</GainOrLoss>
          <GainsMinusExcessOrLosses>297</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
          <DateAcquired>2011-04-09</DateAcquired>
          <DateSold>2011-09-16</DateSold>
          <GrossSalesPrice>58936</GrossSalesPrice>
          <CostOrOtherBasis>64428</CostOrOtherBasis>
          <GainOrLoss>-5492</GainOrLoss>
          <GainsMinusExcessOrLosses>-5492</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
          <DateAcquired>2011-09-07</DateAcquired>
          <DateSold>2011-09-16</DateSold>
          <GrossSalesPrice>49113</GrossSalesPrice>
          <CostOrOtherBasis>49364</CostOrOtherBasis>
          <GainOrLoss>-251</GainOrLoss>
          <GainsMinusExcessOrLosses>-251</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
          <DateAcquired>2011-09-06</DateAcquired>
          <DateSold>2011-09-16</DateSold>
          <GrossSalesPrice>186629</GrossSalesPrice>
          <CostOrOtherBasis>200953</CostOrOtherBasis>
          <GainOrLoss>-14324</GainOrLoss>
          <GainsMinusExcessOrLosses>-14324</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
          <DateAcquired>2011-09-12</DateAcquired>
          <DateSold>2011-09-16</DateSold>
          <GrossSalesPrice>49113</GrossSalesPrice>
          <CostOrOtherBasis>47292</CostOrOtherBasis>
          <GainOrLoss>1821</GainOrLoss>
          <GainsMinusExcessOrLosses>1821</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
          <DateAcquired>2011-03-11</DateAcquired>
          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>9109</GrossSalesPrice>
          <CostOrOtherBasis>9980</CostOrOtherBasis>
          <GainOrLoss>-871</GainOrLoss>
          <GainsMinusExcessOrLosses>-871</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
          <DateAcquired>2011-03-11</DateAcquired>
          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>18234</GrossSalesPrice>
          <CostOrOtherBasis>19958</CostOrOtherBasis>
          <GainOrLoss>-1724</GainOrLoss>
          <GainsMinusExcessOrLosses>-1724</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
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          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>9117</GrossSalesPrice>
          <CostOrOtherBasis>9982</CostOrOtherBasis>
          <GainOrLoss>-865</GainOrLoss>
          <GainsMinusExcessOrLosses>-865</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
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          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>9118</GrossSalesPrice>
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          <GainOrLoss>-864</GainOrLoss>
          <GainsMinusExcessOrLosses>-864</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
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          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>36471</GrossSalesPrice>
          <CostOrOtherBasis>39926</CostOrOtherBasis>
          <GainOrLoss>-3455</GainOrLoss>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
          <DateAcquired>2011-03-11</DateAcquired>
          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>45589</GrossSalesPrice>
          <CostOrOtherBasis>49905</CostOrOtherBasis>
          <GainOrLoss>-4316</GainOrLoss>
          <GainsMinusExcessOrLosses>-4316</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
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          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>54707</GrossSalesPrice>
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          <GainOrLoss>-5173</GainOrLoss>
          <GainsMinusExcessOrLosses>-5173</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
          <DateAcquired>2011-08-08</DateAcquired>
          <DateSold>2011-08-09</DateSold>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
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          <DateSold>2011-08-09</DateSold>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
          <DateAcquired>2010-03-29</DateAcquired>
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        <CapitalGainsAndLossesInfo>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHEVRON CORP NEW</DescriptionOfAsset>
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          <DateSold>2011-06-17</DateSold>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>DOW CHEMICAL CO</DescriptionOfAsset>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>DOW CHEMICAL CO</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>DOW CHEMICAL CO</DescriptionOfAsset>
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          <GainsMinusExcessOrLosses>1903</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
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          <DateSold>2011-02-22</DateSold>
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          <GainsMinusExcessOrLosses>3823</GainsMinusExcessOrLosses>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>DOW CHEMICAL CO</DescriptionOfAsset>
          <DateAcquired>2010-10-25</DateAcquired>
          <DateSold>2011-02-22</DateSold>
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          <GainsMinusExcessOrLosses>13382</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>DARDEN RESTAURANTS</DescriptionOfAsset>
          <DateAcquired>2011-09-26</DateAcquired>
          <DateSold>2011-10-07</DateSold>
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          <GainsMinusExcessOrLosses>-1330</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
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          <DateAcquired>2011-09-26</DateAcquired>
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          <GainsMinusExcessOrLosses>-528</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
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          <DateAcquired>2011-09-26</DateAcquired>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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          <DateSold>2011-10-18</DateSold>
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          <GainsMinusExcessOrLosses>-327</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>FREEPORT MCMORAN COPPER &amp; GOLD INC.</DescriptionOfAsset>
          <DateAcquired>2011-10-12</DateAcquired>
          <DateSold>2011-10-18</DateSold>
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          <GainsMinusExcessOrLosses>-3600</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>FREEPORT MCMORAN COPPER &amp; GOLD INC.</DescriptionOfAsset>
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          <DateSold>2011-10-18</DateSold>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
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          <DateAcquired>2001-01-01</DateAcquired>
          <DateSold>2011-09-26</DateSold>
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          <GainsMinusExcessOrLosses>-5423</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
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          <DateAcquired>2011-08-09</DateAcquired>
          <DateSold>2011-08-22</DateSold>
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          <GainOrLoss>1276</GainOrLoss>
          <GainsMinusExcessOrLosses>1276</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>SPDR GOLD TR GOLD SHS</DescriptionOfAsset>
          <DateAcquired>2011-08-09</DateAcquired>
          <DateSold>2011-08-22</DateSold>
          <GrossSalesPrice>165825</GrossSalesPrice>
          <CostOrOtherBasis>154290</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>11535</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
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          <DateAcquired>2011-08-09</DateAcquired>
          <DateSold>2011-08-12</DateSold>
          <GrossSalesPrice>67401</GrossSalesPrice>
          <CostOrOtherBasis>68573</CostOrOtherBasis>
          <GainOrLoss>-1172</GainOrLoss>
          <GainsMinusExcessOrLosses>-1172</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>SPDR GOLD TR GOLD SHS</DescriptionOfAsset>
          <DateAcquired>2011-08-09</DateAcquired>
          <DateSold>2011-08-12</DateSold>
          <GrossSalesPrice>101110</GrossSalesPrice>
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          <GainsMinusExcessOrLosses>-1750</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CALL (GLD) SPDR GOLD TR GOLD SEP 17 11 $190 (100 SHS)</DescriptionOfAsset>
          <DateAcquired>2011-08-22</DateAcquired>
          <DateSold>2011-09-02</DateSold>
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          <CostOrOtherBasis>19575</CostOrOtherBasis>
          <GainOrLoss>-11922</GainOrLoss>
          <GainsMinusExcessOrLosses>-11922</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CALL (GLD) SPDR GOLD TR GOLD SEP 17 11 $190 (100 SHS)</DescriptionOfAsset>
          <DateAcquired>2011-08-22</DateAcquired>
          <DateSold>2011-09-02</DateSold>
          <GrossSalesPrice>6262</GrossSalesPrice>
          <CostOrOtherBasis>16010</CostOrOtherBasis>
          <GainOrLoss>-9748</GainOrLoss>
          <GainsMinusExcessOrLosses>-9748</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>HELMERICH &amp; PAYNE</DescriptionOfAsset>
          <DateAcquired>2011-10-05</DateAcquired>
          <DateSold>2011-11-01</DateSold>
          <GrossSalesPrice>14941</GrossSalesPrice>
          <CostOrOtherBasis>12874</CostOrOtherBasis>
          <GainOrLoss>2067</GainOrLoss>
          <GainsMinusExcessOrLosses>2067</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>HELMERICH &amp; PAYNE</DescriptionOfAsset>
          <DateAcquired>2011-10-05</DateAcquired>
          <DateSold>2011-11-01</DateSold>
          <GrossSalesPrice>4975</GrossSalesPrice>
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          <GainsMinusExcessOrLosses>684</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
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          <DateAcquired>2011-10-05</DateAcquired>
          <DateSold>2011-11-01</DateSold>
          <GrossSalesPrice>2439</GrossSalesPrice>
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          <GainsMinusExcessOrLosses>337</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
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          <DateAcquired>2011-10-05</DateAcquired>
          <DateSold>2011-11-01</DateSold>
          <GrossSalesPrice>2538</GrossSalesPrice>
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          <GainsMinusExcessOrLosses>349</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>HELMERICH &amp; PAYNE</DescriptionOfAsset>
          <DateAcquired>2011-10-05</DateAcquired>
          <DateSold>2011-11-01</DateSold>
          <GrossSalesPrice>2440</GrossSalesPrice>
          <CostOrOtherBasis>2104</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>336</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>HELMERICH &amp; PAYNE</DescriptionOfAsset>
          <DateAcquired>2011-10-05</DateAcquired>
          <DateSold>2011-11-01</DateSold>
          <GrossSalesPrice>5229</GrossSalesPrice>
          <CostOrOtherBasis>4505</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>724</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>HELMERICH &amp; PAYNE</DescriptionOfAsset>
          <DateAcquired>2011-10-05</DateAcquired>
          <DateSold>2011-11-01</DateSold>
          <GrossSalesPrice>2291</GrossSalesPrice>
          <CostOrOtherBasis>1975</CostOrOtherBasis>
          <GainOrLoss>316</GainOrLoss>
          <GainsMinusExcessOrLosses>316</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>HELMERICH &amp; PAYNE</DescriptionOfAsset>
          <DateAcquired>2011-10-05</DateAcquired>
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          <DescriptionOfAsset>VALEANT PHARMACEUTICALS INTLINC COM NPV ISIN #CA91911K1021 SEDOL #B3XSX46</DescriptionOfAsset>
          <DateAcquired>2011-06-13</DateAcquired>
          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>27369</GrossSalesPrice>
          <CostOrOtherBasis>37258</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>-9889</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>VALEANT PHARMACEUTICALS INTLINC COM NPV ISIN #CA91911K1021 SEDOL #B3XSX46</DescriptionOfAsset>
          <DateAcquired>2011-06-13</DateAcquired>
          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>3910</GrossSalesPrice>
          <CostOrOtherBasis>5355</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>-1445</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>VALEANT PHARMACEUTICALS INTLINC COM NPV ISIN #CA91911K1021 SEDOL #B3XSX46</DescriptionOfAsset>
          <DateAcquired>2011-06-14</DateAcquired>
          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>1332</GrossSalesPrice>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>VALEANT PHARMACEUTICALS INTLINC COM NPV ISIN #CA91911K1021 SEDOL #B3XSX46</DescriptionOfAsset>
          <DateAcquired>2011-06-14</DateAcquired>
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          <CostOrOtherBasis>5404</CostOrOtherBasis>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>VALEANT PHARMACEUTICALS INTLINC COM NPV ISIN #CA91911K1021 SEDOL #B3XSX46</DescriptionOfAsset>
          <DateAcquired>2011-06-14</DateAcquired>
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          <GrossSalesPrice>11757</GrossSalesPrice>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>VALEANT PHARMACEUTICALS INTLINC COM NPV ISIN #CA91911K1021 SEDOL #B3XSX46</DescriptionOfAsset>
          <DateAcquired>2011-06-14</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>VALEANT PHARMACEUTICALS INTLINC COM NPV ISIN #CA91911K1021 SEDOL #B3XSX46</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>VALEANT PHARMACEUTICALS INTLINC COM NPV ISIN #CA91911K1021 SEDOL #B3XSX46</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>WALKER &amp; DUNLOP INC COM</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>KINDER MORGAN ENERGYPARTNERS L P</DescriptionOfAsset>
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        <TaxableAmount2>0</TaxableAmount2>
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      </UndistributedIncome>
      <SupplementaryInformation>
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        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FOUNDATION FOR ECONOMIC EDUCATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>30 S BROADWAY</AddressLine1>
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            <State>NY</State>
            <ZIPCode>10533</ZIPCode>
          </RecipientUSAddress>
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        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IOWA STATE UNIVERSITY FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
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            <AddressLine1>1750 BEARDSHEAR HALL</AddressLine1>
            <City>AMES</City>
            <State>IA</State>
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          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
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          <PurposeOfGrantOrContribution>TO PROVIDE SCHOLARSHIPS FOR STUDENTS</PurposeOfGrantOrContribution>
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        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NAVAL POSTGRADUATE SCHOOL FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 8626</AddressLine1>
            <City>MONTEREY</City>
            <State>CA</State>
            <ZIPCode>93943</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>FOUNDATION</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO ENHANCE PROGRAMS &amp; SERVICES FOR STUDENTS</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ROLLINS COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1000 HOLT AVENUE</AddressLine1>
            <City>WINTER PARK</City>
            <State>FL</State>
            <ZIPCode>32789</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>FOUNDATION</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SCHOLARSHIPS FOR STUDENTS</PurposeOfGrantOrContribution>
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        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SALVATION ARMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 269</AddressLine1>
            <City>ALEXANDRIA</City>
            <State>VA</State>
            <ZIPCode>22313</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE RELIEF FOR VICTIMS OF NATURAL DISASTERS</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THUNDERBIRD GARVIN SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>15249 NORTH 59TH AVENUE</AddressLine1>
            <City>GLENDALE</City>
            <State>AZ</State>
            <ZIPCode>85306</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EDUCATION INSTITUTE</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO ENHANCE PROGRAMS &amp; SERVICES FOR STUDENTS</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TELLURIDE FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>220 E COLORADO AVENUE PO BOX 4222</AddressLine1>
            <City>TELLURIDE</City>
            <State>CO</State>
            <ZIPCode>81435</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>FOUNDATION</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROMOTE PHILANTHROPHY AND CREATE A STRONGER TELLURIDE COMMUNITY</PurposeOfGrantOrContribution>
          <Amount>1800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CUBAN STUDY GROUP</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>611 PENNSYLVANIA AVE SE 208</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20003</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO FACILITATE A PEACEFUL TRANSITION IN CUBA</PurposeOfGrantOrContribution>
          <Amount>9000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NATIONAL FILM PRESERVE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>870 MARKET STREET SUITE 1113</AddressLine1>
            <City>SAN FRANCISCO</City>
            <State>CA</State>
            <ZIPCode>94102</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PRESERVE AMERICAN FILMS AND IMPROVE FILM ACCESS FOR STUDY, EDUCATION, AND EXHIBITION.</PurposeOfGrantOrContribution>
          <Amount>7800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHAMPION SCHOOLS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>350 CROWN OAK CENTER</AddressLine1>
            <City>LONGWOOD</City>
            <State>FL</State>
            <ZIPCode>32750</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO ENHANCE PROGRAMS &amp; SERVICES FOR STUDENTS</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>COLORADO MESA UNIVERSITY FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1450 NORTH 12TH STREET</AddressLine1>
            <City>GRAND JUNCTION</City>
            <State>CO</State>
            <ZIPCode>81501</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>FOUNDATION</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO ENHANCE PROGRAMS &amp; SERVICES FOR STUDENTS</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WINTER PARK DAY NURSERY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>741 S PENNSYLVANIA AVE</AddressLine1>
            <City>WINTER PARK</City>
            <State>FL</State>
            <ZIPCode>32789</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO ENHANCE PROGRAMS &amp; SERVICES FOR STUDENTS</PurposeOfGrantOrContribution>
          <Amount>1500</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>72900</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>345</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>12880</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>45584</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>INCOME(LOSS) FROM PASS-THROUGH</Description>
          <BusinessCode>900099</BusinessCode>
          <UnrelatedBusinessIncomeAmount>1534</UnrelatedBusinessIncomeAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>1534</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>58809</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>60343</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Category>ACCOUNTING FEES</Category>
        <Amount>1210</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>1210</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <AllOthProgRltdInvestmentsSch documentId="RetDoc2063500001">
      <AllOthProgRltdInvestments>
        <Description>N/A</Description>
        <Amount>0</Amount>
      </AllOthProgRltdInvestments>
    </AllOthProgRltdInvestmentsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>5,000 SH INT'L ASSET HOLDINGS</NameOfStock>
        <EOYBookValue>117850</EOYBookValue>
        <EOYFMV>117850</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2000 SH INT'L ASSET HOLDINGS</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1000SH CHEVRON</NameOfStock>
        <EOYBookValue>106400</EOYBookValue>
        <EOYFMV>106400</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1500SH CHURCH &amp; DWIGHT</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2000SH DOW CHEMICAL</NameOfStock>
        <EOYBookValue>57520</EOYBookValue>
        <EOYFMV>57520</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2000SH PROCTER &amp; GAMBLE</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>200SH CITIGROUP</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2000SH FREEPORT MCMORAN COPPER &amp; GOLD INC.</NameOfStock>
        <EOYBookValue>73580</EOYBookValue>
        <EOYFMV>73580</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1000SH NORFOLK SOUTHERN CRP</NameOfStock>
        <EOYBookValue>72860</EOYBookValue>
        <EOYFMV>72860</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3000SH VALEANT PHARMACEUTICALS INTL</NameOfStock>
        <EOYBookValue>140070</EOYBookValue>
        <EOYFMV>140070</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1000SH VMWARE INC CL A COM</NameOfStock>
        <EOYBookValue>83190</EOYBookValue>
        <EOYFMV>83190</EOYFMV>
      </InvestmentsCorpStock>
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        <Amount>81</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>81</DisbursementsCharitablePrps>
      </LegalFees>
    </LegalFeesSchedule>
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        <Description>UNREALIZED GAIN/LOSS ON INVESTMENTS - CY</Description>
        <Amount>66901</Amount>
      </OtherDecreases>
      <OtherDecreases>
        <Description>PASS-THROUGH ENTITY NONDEDUCTIBLE EXPENSES</Description>
        <Amount>5</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>TRAVEL</Description>
        <RevenueAndExpensesPerBooks>866</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BANK FEES</Description>
        <RevenueAndExpensesPerBooks>78</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>78</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SECTION 59E EXPENSE FROM PASS-THROUGH</Description>
        <RevenueAndExpensesPerBooks>121</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OTHER LOSSES FROM PASS-THROUGH</Description>
        <RevenueAndExpensesPerBooks>117</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncome>
        <Description>INCOME(LOSS) FROM PASS-THROUGH</Description>
        <RevenueAndExpensesPerBooks>1534</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>1534</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreases>
        <Description>WASH SALE - DISALLOWED CAPITAL LOSS</Description>
        <Amount>37428</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>FEDERAL AND STATE TAXES</Category>
        <Amount>21</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAX</Category>
        <Amount>77</Amount>
        <NetInvestmentIncome>77</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>
