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      <TotalOfBookValueSecurities>10192193</TotalOfBookValueSecurities>
      <TotalRevenue>26302013</TotalRevenue>
      <TotalExpenses>25783529</TotalExpenses>
      <ExcessOrDeficitForYear>518484</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>960729</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>960729</TotalAdjustments>
      <ExcessOrDeficitPerFS>1479213</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>27104929</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>960729</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>960729</RevenueNotRptdF990>
      <RevenueSubtotal>26144200</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>157813</InvestmentExpensesNotIncluded>
      <RevenueNotRptdOnFinStmt>157813</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>26302013</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>25625716</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>25625716</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>157813</InvestmentExpensesNotIncluded2>
      <ExpensesNotRptdOnFinStmt>157813</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>25783529</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="00000003" softwareId="10000104">
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 11a</Identifier>
        <Explanation>A copy of the 990 is provided to the administrator and</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>at least the Chairman or Co-Chairman for review.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 12c</Identifier>
        <Explanation>Conflicts of interest are discussed at each fall meeting.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-C, Line 19</Identifier>
        <Explanation>No documents available to the public.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt XII, Line 2c</Identifier>
        <Explanation>The Audit is reported to the full board of trustees.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 8</Identifier>
        <Explanation>MISCELLANEOUS</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 16</Identifier>
        <Explanation>PREFERRED PROVIDER ADMIN FEE PRESCRIPTION DRUG ADMIN FEE CASE MANAGEMENT CONSULTING FEES INSURANCE INVESTMENT MGMT FEE MISCELLANEOUS OUTSIDE SERVICES</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 24</Identifier>
        <Explanation>ACCOUNTS RECEIVABLE - NET PREPAIDS INVESTMENTS INVESTMENTS WITH AMERICAN FUNDS FOR DEFERRED COMPENSATION</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 26</Identifier>
        <Explanation>ACCOUNTS PAYABLE &amp; ACCRUED EXPENSES</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>INSURANCE 12763. 12763. MAINTENANCE &amp; REPAIRS 27716. 27716. MISCELLANEOUS 7149. 7149. POSTAGE &amp; MAILING 15946. 15946. PRINTING 10553. 10553. TELEPHONE 9719. 9719. WELLNESS 123085. 123085.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>