﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2010v3.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-10-14T15:58:31-07:00</Timestamp>
    <TaxPeriodEndDate>2011-05-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Hollis Huff Lewis &amp; Company PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>2525 Bay Area Blvd Suite 135</AddressLine1>
        <City>Houston</City>
        <State>TX</State>
        <ZIPCode>770581530</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2010-06-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>311741790</EIN>
      <Name>
        <BusinessNameLine1>Mr and Mrs Nelson Rusche Foundation</BusinessNameLine1>
      </Name>
      <NameControl>MRAN</NameControl>
      <Phone>7132638200</Phone>
      <USAddress>
        <AddressLine1>4582 Kingwood Drive</AddressLine1>
        <City>Kingwood</City>
        <State>TX</State>
        <ZIPCode>77345</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>AN Rusche</Name>
      <Title>President</Title>
      <DateSigned>2011-10-14</DateSigned>
    </Officer>
    <Preparer>
      <Name>Mark E Hollis CPA PFS CFP CFS</Name>
      <Phone>2814617000</Phone>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="2">
    <IRS990PF documentId="IRS990PF" referenceDocumentId=" GeneralExplanation" softwareId="10000105" softwareVersion="2010v3.2">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>274091</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>1342</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>1342</InterestOnSavingsNetInvstIncm>
        <InterestOnSavingsAdjNetIncm>1342</InterestOnSavingsAdjNetIncm>
        <DividendsRevAndExpnss>4008</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>4008</DividendsNetInvstIncm>
        <DividendsAdjNetIncm>4008</DividendsAdjNetIncm>
        <NetGainSaleAssetsRevAndExpnss>40149</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>41190</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>40149</CapitalGainNetIncmNetInvstIncm>
        <NetSTCGAdjNetIncm>40543</NetSTCGAdjNetIncm>
        <TotalRevenueAndExpenses>45499</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>45499</TotalNetInvestmentIncome>
        <TotalAdjustedNetIncome>45893</TotalAdjustedNetIncome>
        <OtherProfFeesRevAndExpnss referenceDocumentId=" OtherProfessionalFeesSchedule">815</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>815</OtherProfFeesNetInvstIncm>
        <OtherProfFeesAdjNetIncm>815</OtherProfFeesAdjNetIncm>
        <DeprecAndDepletionRevAndExpnss referenceDocumentId=" DepreciationSchedule">0</DeprecAndDepletionRevAndExpnss>
        <TotOprExpensesRevAndExpnss>815</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>815</TotOprExpensesNetInvstIncm>
        <TotOprExpensesAdjNetIncm>815</TotOprExpensesAdjNetIncm>
        <TotOprExpensesDsbrsChrtblPrps>0</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>0</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>0</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>815</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>815</TotalExpensesNetInvstIncm>
        <TotalExpensesAdjNetIncm>815</TotalExpensesAdjNetIncm>
        <TotalExpensesDsbrsChrtblPrps>0</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>44684</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>44684</NetInvestmentIncome>
        <AdjustedNetIncome>45078</AdjustedNetIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>75</CashBOY>
        <CashEOY>99</CashEOY>
        <SavingsAndTempCashInvstBOY>3510</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>8275</SavingsAndTempCashInvstEOY>
        <InvestmentsOtherBOY>349480</InvestmentsOtherBOY>
        <InvestmentsOtherEOY>389299</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>274091</InvestmentsOtherEOYFMV>
        <TotalAssetsBOY>353065</TotalAssetsBOY>
        <TotalAssetsEOY>397673</TotalAssetsEOY>
        <TotalAssetsEOYFMV>274091</TotalAssetsEOYFMV>
        <OtherLiabilitiesBOY referenceDocumentId=" OtherLiabilitiesSchedule">76</OtherLiabilitiesBOY>
        <TotalLiabilitiesBOY>76</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatFollowSFAS117>X</OrgThatFollowSFAS117>
        <UnrestrictedBOY>352989</UnrestrictedBOY>
        <UnrestrictedEOY>397673</UnrestrictedEOY>
        <TotalNetAssetsBOY>352989</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>397673</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>353065</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>397673</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>352989</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>44684</ExcessOfRevenueOverExpenses>
        <Subtotal>397673</Subtotal>
        <TotalNetAssetsFundBalancesEOY>397673</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainNetIncome>40149</CapitalGainNetIncome>
        <NetShortTermCapitalGainOrLoss>40543</NetShortTermCapitalGainOrLoss>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>true</LiableFor4942Tax>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>894</InvestmentIncomeExciseTax>
        <Subtotal>894</Subtotal>
        <TaxBasedOnInvestmentIncome>894</TaxBasedOnInvestmentIncome>
        <Form2220Attached referenceDocumentId=" IRS2220">X</Form2220Attached>
        <PenaltyForUnderpayment>2</PenaltyForUnderpayment>
        <TaxDue>896</TaxDue>
        <AmountCreditedToNextYear>0</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <Form990TFiled>false</Form990TFiled>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>false</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>ANRusche</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>7132638200</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>4582 Kingwood Drive E-243</AddressLine1>
          <City>Kingwood</City>
          <State>TX</State>
          <ZIPCode>77345</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <ActsFailToQualifyAsExceptions>false</ActsFailToQualifyAsExceptions>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <TrFailToQualifyAsExceptions>false</TrFailToQualifyAsExceptions>
        <MaintExpendResponsibility>false</MaintExpendResponsibility>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>false</ProceedsOrNetIncome>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Suzanne R Jefferys</PersonName>
          <USAddress>
            <AddressLine1>26 N Longspur</AddressLine1>
            <City>The Woodlands</City>
            <State>TX</State>
            <ZIPCode>77380</ZIPCode>
          </USAddress>
          <Title>Vice President</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>AN Rusche</PersonName>
          <USAddress>
            <AddressLine1>4582 Kingwood Drive Ste E-243</AddressLine1>
            <City>Kingwood</City>
            <State>TX</State>
            <ZIPCode>77345</ZIPCode>
          </USAddress>
          <Title>President</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>0</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>0</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>0</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AdjTotalFMVOfUnusedAssets>0</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>0</CashDeemedCharitable>
        <NetNoncharitableAssets>0</NetNoncharitableAssets>
        <MinimumInvestmentReturn>0</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <TaxBasedOnInvestmentIncome>894</TaxBasedOnInvestmentIncome>
        <TotalTax>894</TotalTax>
        <DistributableAmountBeforeAdj>894</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>894</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>0</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>0</ExpensesAndContributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>0</DistributableAmountAsAdjusted>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
      </UndistributedIncome>
      <SupplementaryInformation>
        <AppicationSubmissionInfo>
          <RecipientName>A N Rusche</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>4582 Kingwood Drive Suite E-243</AddressLine1>
            <City>Kingwood</City>
            <State>TX</State>
            <ZIPCode>773452639</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>7132638200</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>None specified</FormAndInfoAndMaterials>
          <SubmissionDeadlines>None</SubmissionDeadlines>
          <RestrictionsOnAwards>None</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <RelatedOrExemptFunctionIncome>1342</RelatedOrExemptFunctionIncome>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <RelatedOrExemptFunctionIncome>4008</RelatedOrExemptFunctionIncome>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <RelatedOrExemptFunctionIncome>40149</RelatedOrExemptFunctionIncome>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <RelatedOrExemptFunctionIncome>45499</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>45499</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <OtherProfessionalFees>
        <Category>Investment management fees</Category>
        <Amount>815</Amount>
        <NetInvestmentIncome>815</NetInvestmentIncome>
        <AdjustedNetIncome>815</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>