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        <PriorYear3Yr>2011</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>765709</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>760320</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr2Amt>923713</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>2750378</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>5200120</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>4519228</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>1741351</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>2777877</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>7977997</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>765709</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>7212288</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>760320</ExcessFromYear4Amt>
        <ExcessFromYear2Amt>923713</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>2750378</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>2777877</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>BRUCE W BENENSON</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>BRUCE W BENENSON</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>708 THIRD AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2128670990</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>NO FORMAL REQUIREMENTS; AMOUNT AND PURPOSES MUST BE STATED</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>VARIOUS - SEE STATEMENT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>708 THIRD AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NONE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTIONS</GrantOrContributionPurposeTxt>
          <Amt>4442234</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>4442234</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionAmt>114356</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionAmt>451926</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionAmt>19566</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionAmt>1659295</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>2245143</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>2245143</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>BW BENENSON</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>708 THIRD AVENUE 28TH FL</AddressLine1Txt>
          <CityNm>NEW YORK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10017</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>2000000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>NEUBERGER BERMAN - SEE STMT.</BondNm>
        <EOYBookValueAmt>4788948</EOYBookValueAmt>
        <EOYFMVAmt>4713519</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>NEUBERGER BERMAN - SEE STMT.</StockNm>
        <EOYBookValueAmt>14300765</EOYBookValueAmt>
        <EOYFMVAmt>19239839</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtObligationsBookVlEOYAmt>1786793</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>1737967</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JP MORGAN PTN GLOBAL INVESTORS</CategoryOrItemTxt>
        <BookValueAmt>8367</BookValueAmt>
        <EOYFMVAmt>8367</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>QUELLOS STRATEG PNR II LTD</CategoryOrItemTxt>
        <BookValueAmt>275000</BookValueAmt>
        <EOYFMVAmt>275000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AIG EUROPEAN REAL ESTATE</CategoryOrItemTxt>
        <BookValueAmt>135782</BookValueAmt>
        <EOYFMVAmt>135782</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>KS INTERNATIONAL</CategoryOrItemTxt>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MTGE. BACKED SECURITY</CategoryOrItemTxt>
        <BookValueAmt>2419442</BookValueAmt>
        <EOYFMVAmt>2383954</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PROVIDENCE MBS OFFSHORE FD</CategoryOrItemTxt>
        <BookValueAmt>97801</BookValueAmt>
        <EOYFMVAmt>97801</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>CASH IN NEUBERGER AND BERMAN</Desc>
        <BOYBookValueAmt>1729975</BOYBookValueAmt>
        <EOYBookValueAmt>1720254</EOYBookValueAmt>
        <EOYFMVAmt>1720254</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>CASH IN J.P. MORGAN</Desc>
        <BOYBookValueAmt>23396</BOYBookValueAmt>
        <EOYBookValueAmt>25928</EOYBookValueAmt>
        <EOYFMVAmt>25928</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>CASH IN WACHOVIA/WELLS FARGO</Desc>
        <BOYBookValueAmt>114864</BOYBookValueAmt>
        <EOYBookValueAmt>185552</EOYBookValueAmt>
        <EOYFMVAmt>185552</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreasesDetail>
        <Desc>NONDEDUCTIBLE EXPENSE - JPM PTNRS GLOBAL</Desc>
        <Amt>9461</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>NONDEDUCTIBLE EXPENSE - AIG EUROPEAN RE</Desc>
        <Amt>105362</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>LICENCES, PERMITS, FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>775</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>775</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>242804</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>242804</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MANAGEMENT EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>250000</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>250000</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DIVIDEND CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>153</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>153</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PTN EXPENSE-MISC 2% EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>979</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>979</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>INT. INCOME-AIG EUROPEAN RE PTNRS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>17307</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>17307</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>INT. INCOME-JP MORGAN PTN. GLOBAI INVEST</Desc>
        <RevenueAndExpensesPerBooksAmt>19</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>19</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PTN INCOME-JPM GLOBAL PRIV INV LP</Desc>
        <RevenueAndExpensesPerBooksAmt>40</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>40</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>DIV INCOME-JPM GLOBAL PRIV INV LP</Desc>
        <RevenueAndExpensesPerBooksAmt>179</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>179</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FEDERAL INCOME TAX REFUND</Desc>
        <RevenueAndExpensesPerBooksAmt>2021</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreasesDetail>
        <Desc>NONTAXABLE INCOME FROM PASSTHRU ENTITY</Desc>
        <Amt>86272</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN INCOME TAXES</CategoryTxt>
        <Amt>2669</Amt>
        <NetInvestmentIncomeAmt>2669</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL INCOME TAX</CategoryTxt>
        <Amt>31500</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>