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            <AddressLine1Txt>40 FIFTH AVE APT 12A</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10011</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE AS NEEDED</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID HOCHBERG</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O CITRIN COOPERMAN CO LLP 529 5TH</AddressLine1Txt>
            <AddressLine2Txt>AVE</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE AS NEEDED</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>3727952</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>353431</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>279910</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>4361293</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>4361293</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>65419</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>4295874</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>214794</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>214794</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>3683</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>3683</TotalTaxAmt>
        <DistributableBeforeAdjAmt>211111</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>211111</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>211111</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>165016</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>165016</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>165016</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>211111</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>279340</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>102634</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>231072</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>145265</ExcessDistributionCyovYr2Amt>
        <TotalExcessDistributionCyovAmt>758311</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>165016</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>165016</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>46095</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>46095</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>712216</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>233245</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>478971</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>102634</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>231072</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>145265</ExcessFromYear2Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>LILLIAN VERNON</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>92ND STREET Y</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1395 LEXINGTON AVE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10128</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AMERICAN FARM SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1133 BROADWAY SUITE 1226</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10010</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AMERICAN FRIENDS OF THE ISRAEL PHILHARMONIC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>122 EAST 42ND STREET SUITE 4507</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10168</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CAMP SUMMIT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>17210 CAMPBELL RD STE 180</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75252</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>1400</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTER FOR AMERICAN PROGRESS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1333 H STREET NW 10TH FLOOR</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20005</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CITY MEALS ON WHEELS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>355 LEXINGTON AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>14500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CLINTON FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1271 AVENUE OF THE AMERICAS 42ND</AddressLine1Txt>
            <AddressLine2Txt>FLOOR</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10020</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COLLEGIATE CHORAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>115 EAST 57TH STREET 11TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EDWARD M KENNEDY INST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>210 WILLIAM T MORRISSEY BLVD</AddressLine1Txt>
            <CityNm>BOSTON</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02125</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FILM SOCIETY OF LINCOLN CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>70 LINCOLN CENTER PLZ 4</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10023</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>39000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FOOD POLICY ACTION FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1436 U ST NW SUITE 200</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20009</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KAGENO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>261 BROADWAY 10 D</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10007</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MIAMI INTERNATIONAL BOOK FAIR</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>300 NE 2ND AVE</AddressLine1Txt>
            <CityNm>MIAMI</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33132</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NEW YORK UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>50 WEST 4TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10012</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PEREZ ART MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1103 BISCAYNE BLVD</AddressLine1Txt>
            <CityNm>MIAMI</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33132</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE WOODROW WILSON CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1300 PENNSYLVANIA AVE NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20004</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF MIAMI</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1320 SOUTH DIXIE HWY</AddressLine1Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33124</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>VILLAGE CARE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>607 HUDSON ST</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10014</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>147900</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>12</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>54872</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>111</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>137354</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>192349</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>192349</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>FRANKLIN US GOVERNMENT</BondNm>
        <EOYBookValueAmt>120000</EOYBookValueAmt>
        <EOYFMVAmt>118346</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FRANKLIN INVS SECS TOTAL RETURN</BondNm>
        <EOYBookValueAmt>460000</EOYBookValueAmt>
        <EOYFMVAmt>457243</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VANGUARD SHORT TERM CORPORATE</BondNm>
        <EOYBookValueAmt>231781</EOYBookValueAmt>
        <EOYFMVAmt>230782</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FRANKLIN HIGH INCOME TR ADV CL</BondNm>
        <EOYBookValueAmt>25000</EOYBookValueAmt>
        <EOYFMVAmt>22897</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FRANKLIN SHORT DURATION US GOVERNMENT</BondNm>
        <EOYBookValueAmt>195263</EOYBookValueAmt>
        <EOYFMVAmt>195172</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>AEROJET ROCKETDYNE HOLDINGS INC</StockNm>
        <EOYBookValueAmt>22506</EOYBookValueAmt>
        <EOYFMVAmt>41220</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALLERGAN PLC</StockNm>
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        <EOYFMVAmt>52195</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>AMC NETWORKS INC</StockNm>
        <EOYBookValueAmt>22484</EOYBookValueAmt>
        <EOYFMVAmt>122775</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN EXPRESS CO.</StockNm>
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        <EOYFMVAmt>77720</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>AMERIPRISE-DISTRIBUTION FROM AMEX</StockNm>
        <EOYBookValueAmt>726</EOYBookValueAmt>
        <EOYFMVAmt>24986</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>ASCENT MEDIA CORP</StockNm>
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        <EOYFMVAmt>1710</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>BIOSCRIP INC</StockNm>
        <EOYBookValueAmt>15331</EOYBookValueAmt>
        <EOYFMVAmt>7260</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>BOULDER BRANDS INC (FKY SMART BALANCE INC)</StockNm>
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        <EOYFMVAmt>20820</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>BRINKS CO.</StockNm>
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        <EOYFMVAmt>20601</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>CABLEVISION SYSTEMS</StockNm>
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        <EOYFMVAmt>143640</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>CBS CORP</StockNm>
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        <EOYFMVAmt>55500</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>CIRCOR INC.</StockNm>
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        <EOYFMVAmt>54530</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>CRAZY WOMAN CREEK BANC</StockNm>
        <EOYBookValueAmt>45520</EOYBookValueAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>DEERE &amp; CO.</StockNm>
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        <EOYFMVAmt>48525</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>DIRECTV GROUP INC.</StockNm>
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        <EOYFMVAmt>92790</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>DISCOVERY COMMUNICATIONS INC CL A</StockNm>
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        <EOYFMVAmt>13304</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>DISCOVERY COMMUNICATIONS INC CL C</StockNm>
        <EOYBookValueAmt>1875</EOYBookValueAmt>
        <EOYFMVAmt>37296</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>DISH NETWORK (FORMERLY )ECHOSTAR</StockNm>
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        <EOYFMVAmt>33855</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>EASTERN CO</StockNm>
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      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ECHOSTAR HOLDING-SPINOFF</StockNm>
        <EOYBookValueAmt>5239</EOYBookValueAmt>
        <EOYFMVAmt>9736</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FEDERAL-MOGUL HOLDINGS CORP</StockNm>
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        <EOYFMVAmt>12780</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>FURMANITE CORPORATION*</StockNm>
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        <EOYFMVAmt>8120</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>GRUPO TELEVISA SA</StockNm>
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        <EOYFMVAmt>38820</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>HEWLETT-PACKARD CO</StockNm>
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        <EOYFMVAmt>30010</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>HONEYWELL INTERNATIONAL</StockNm>
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        <EOYFMVAmt>61182</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>INTERNAP NETWORK SERVICES</StockNm>
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        <EOYFMVAmt>37000</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>INTERPUBLIC GROUP COS INC</StockNm>
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        <EOYFMVAmt>57810</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>JOURNAL MEDIA GROUP INC</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>4850</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>LAYNE CHRISTENSON CO</StockNm>
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        <EOYFMVAmt>8950</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY GLOBAL INC. SER A (LBTYA)</StockNm>
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        <EOYFMVAmt>32442</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY GLOBAL INC. SER C</StockNm>
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        <EOYFMVAmt>30378</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY INTERACTIVE CORP CNC GROUP CNCA</StockNm>
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        <EOYFMVAmt>55500</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY TRIPADVISOR HOLDINGS INC CL LTRPA</StockNm>
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        <EOYFMVAmt>8699</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY VENTURES</StockNm>
        <EOYBookValueAmt>2306</EOYBookValueAmt>
        <EOYFMVAmt>21756</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>MADISON SQUARE GARDEN- DIST FROM CABLEVISION SYSTEMS</StockNm>
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        <EOYFMVAmt>178919</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>MEDIA GENERAL INC</StockNm>
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        <EOYFMVAmt>9033</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NAVISTAR INTERNATIONAL CORP NEW</StockNm>
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        <EOYFMVAmt>11315</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>NEWS CORP CL A</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>3648</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>OCEANEERING INTL</StockNm>
        <EOYBookValueAmt>19303</EOYBookValueAmt>
        <EOYFMVAmt>65226</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>PEP BOYS MANNY MOE &amp; JACK</StockNm>
        <EOYBookValueAmt>65304</EOYBookValueAmt>
        <EOYFMVAmt>73620</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>PNM RESOURCES</StockNm>
        <EOYBookValueAmt>20949</EOYBookValueAmt>
        <EOYFMVAmt>44280</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ROLLS ROYCE PLC</StockNm>
        <EOYBookValueAmt>50275</EOYBookValueAmt>
        <EOYFMVAmt>93197</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ROWAN COMPANIES</StockNm>
        <EOYBookValueAmt>38148</EOYBookValueAmt>
        <EOYFMVAmt>21110</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SANOFI-AVENTIS SA (ESCROW)</StockNm>
        <EOYBookValueAmt>2354</EOYBookValueAmt>
        <EOYFMVAmt>700</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCRIPPS CO (EW) CL A</StockNm>
        <EOYBookValueAmt>23736</EOYBookValueAmt>
        <EOYFMVAmt>35481</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SL INDUSTRIES INC</StockNm>
        <EOYBookValueAmt>5280</EOYBookValueAmt>
        <EOYFMVAmt>15444</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SONY CORP AMER SH NEW ADR</StockNm>
        <EOYBookValueAmt>72731</EOYBookValueAmt>
        <EOYFMVAmt>113560</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>SOUTHWEST GAS CORP</StockNm>
        <EOYBookValueAmt>16486</EOYBookValueAmt>
        <EOYFMVAmt>42568</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPRINT NEXTEL CORP</StockNm>
        <EOYBookValueAmt>61828</EOYBookValueAmt>
        <EOYFMVAmt>4770</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STARZ CL A</StockNm>
        <EOYBookValueAmt>1005</EOYBookValueAmt>
        <EOYFMVAmt>44720</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>TWENTY-FIRST CENTURY FOX INC CL A FOXA</StockNm>
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        <EOYFMVAmt>32545</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>VIVENDI SA</StockNm>
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        <EOYFMVAmt>26129</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>WASTE MANAGEMENT</StockNm>
        <EOYBookValueAmt>27770</EOYBookValueAmt>
        <EOYFMVAmt>46350</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>WEATHERFORD INTERNATIONAL</StockNm>
        <EOYBookValueAmt>26041</EOYBookValueAmt>
        <EOYFMVAmt>24540</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO</StockNm>
        <EOYBookValueAmt>96663</EOYBookValueAmt>
        <EOYFMVAmt>168720</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GAMCO MEDICAL OPPORTUNITIES LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>168170</BookValueAmt>
        <EOYFMVAmt>251100</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ENBRIDGE ENERGY PARTNERS LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>713</BookValueAmt>
        <EOYFMVAmt>713</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
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        <Amt>134</Amt>
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    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>OTHER EXPENSE FROM K-1S</Desc>
        <RevenueAndExpensesPerBooksAmt>7347</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7347</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>CUSTODIAN &amp; MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>17116</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>17116</DisbursementsCharitablePrpsAmt>
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    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>OTHER MISC. INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>111</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>111</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>111</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
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    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>ADJUST BOOK TO TAX BASIS OF SECURITIES SOLD</Desc>
        <Amt>2590</Amt>
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    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX PAID</CategoryTxt>
        <Amt>852</Amt>
        <NetInvestmentIncomeAmt>852</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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    </TaxesSchedule>
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</Return>