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          <PropertyDesc>LOOMIS SAYLES STRATEGIC INCOME FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-08-21</AcquiredDt>
          <SoldDt>2015-08-14</SoldDt>
          <GrossSalesPriceAmt>100000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>112141</CostOrOtherBasisAmt>
          <GainOrLossAmt>-12141</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-12141</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTOR SPDR TRUST MATERIALS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-03-18</AcquiredDt>
          <SoldDt>2015-08-18</SoldDt>
          <GrossSalesPriceAmt>79788</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>79708</CostOrOtherBasisAmt>
          <GainOrLossAmt>80</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>80</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LORD ABBETT INCOME FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-02-04</AcquiredDt>
          <SoldDt>2015-08-21</SoldDt>
          <GrossSalesPriceAmt>200000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>209386</CostOrOtherBasisAmt>
          <GainOrLossAmt>-9386</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-9386</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LOOMIS SAYLES STRATEGIC INCOME FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-08-21</AcquiredDt>
          <SoldDt>2015-08-21</SoldDt>
          <GrossSalesPriceAmt>200000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>225904</CostOrOtherBasisAmt>
          <GainOrLossAmt>-25904</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-25904</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LOOMIS SAYLES STRATEGIC INCOME FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-08-21</AcquiredDt>
          <SoldDt>2015-08-24</SoldDt>
          <GrossSalesPriceAmt>50000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>56887</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6887</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6887</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>HEALTH CARE SELECT SECTOR SPDR TRUST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-22</AcquiredDt>
          <SoldDt>2015-08-25</SoldDt>
          <GrossSalesPriceAmt>130084</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>96687</CostOrOtherBasisAmt>
          <GainOrLossAmt>33397</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>33397</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TECHNOLOGY SECTOR SPDR TRUST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-22</AcquiredDt>
          <SoldDt>2015-08-22</SoldDt>
          <GrossSalesPriceAmt>82658</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>68320</CostOrOtherBasisAmt>
          <GainOrLossAmt>14338</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>14338</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FINANCIAL SECTOR SPDR TRUST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-22</AcquiredDt>
          <SoldDt>2015-08-25</SoldDt>
          <GrossSalesPriceAmt>61499</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>53725</CostOrOtherBasisAmt>
          <GainOrLossAmt>7774</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7774</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SUNAMERICAN STRATEGIC BOND FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-04-23</AcquiredDt>
          <SoldDt>2015-08-25</SoldDt>
          <GrossSalesPriceAmt>47863</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>50000</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2137</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2137</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ISHARES S&amp;P 500 GROWTH</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-26</AcquiredDt>
          <SoldDt>2015-08-26</SoldDt>
          <GrossSalesPriceAmt>28119</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>24100</CostOrOtherBasisAmt>
          <GainOrLossAmt>4019</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4019</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ISHARES CORE US AGGREGATE BOND FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-06-16</AcquiredDt>
          <SoldDt>2015-08-28</SoldDt>
          <GrossSalesPriceAmt>109301</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>108820</CostOrOtherBasisAmt>
          <GainOrLossAmt>481</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>481</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>US TREASURY BILL 9/17/15</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-09-08</AcquiredDt>
          <SoldDt>2015-09-17</SoldDt>
          <GrossSalesPriceAmt>500000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>499999</CostOrOtherBasisAmt>
          <GainOrLossAmt>1</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ISHARES S&amp;P 500 VALUE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-26</AcquiredDt>
          <SoldDt>2015-09-23</SoldDt>
          <GrossSalesPriceAmt>85439</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>84270</CostOrOtherBasisAmt>
          <GainOrLossAmt>1169</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1169</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONSUMER STAPLE SECTOR SPDR TRUST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-22</AcquiredDt>
          <SoldDt>2015-09-23</SoldDt>
          <GrossSalesPriceAmt>60311</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>51880</CostOrOtherBasisAmt>
          <GainOrLossAmt>8431</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8431</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>HEALTH CARE SELECT SECTOR SPDR TRUST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-22</AcquiredDt>
          <SoldDt>2015-09-23</SoldDt>
          <GrossSalesPriceAmt>70869</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>55250</CostOrOtherBasisAmt>
          <GainOrLossAmt>15619</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>15619</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TECHNOLOGY SECTOR SPDR TRUST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-26</AcquiredDt>
          <SoldDt>2015-09-23</SoldDt>
          <GrossSalesPriceAmt>79979</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>68529</CostOrOtherBasisAmt>
          <GainOrLossAmt>11450</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11450</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FINANCIAL SECTOR SPDR TRUST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-22</AcquiredDt>
          <SoldDt>2015-09-23</SoldDt>
          <GrossSalesPriceAmt>101809</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>96705</CostOrOtherBasisAmt>
          <GainOrLossAmt>5104</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5104</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-29745</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>335000</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>7121550</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.047040</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>342603</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>6628273</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.051688</DistributionYr2Rt>
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        <DistributionYr3Rt>0.059635</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>167880</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>6971898</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.024080</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>221510</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>7093922</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.031225</DistributionYr5Rt>
        <TotalDistributionRt>0.213668</TotalDistributionRt>
        <AverageDistributionRt>0.042734</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>7109854</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>303833</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>1578</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>305411</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>415183</QualifyingDistributionsAmt>
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      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>1578</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>1578</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>1578</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>22000</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>22000</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>20422</OverpaymentAmt>
        <AppliedToESTaxAmt>5500</AppliedToESTaxAmt>
        <RefundAmt>14922</RefundAmt>
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      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CT</OrgReportOrRegisterStateCd>
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        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>HARRY DIADAMO</IndividualWithBooksNm>
        <PhoneNum>2033871427</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 386</AddressLine1Txt>
          <CityNm>SHELTON</CityNm>
          <StateAbbreviationCd>CT</StateAbbreviationCd>
          <ZIPCd>06484</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
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      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
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      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>HARRY P DIADAMO</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 386</AddressLine1Txt>
            <CityNm>SHELTON</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06484</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PATRICK M CAREY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 386</AddressLine1Txt>
            <CityNm>SHELTON</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06484</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ACHILLE A APICELLA</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 386</AddressLine1Txt>
            <CityNm>SHELTON</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06484</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ELSIE S SCOTT</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 386</AddressLine1Txt>
            <CityNm>SHELTON</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06484</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LAURA DONAHUE</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 386</AddressLine1Txt>
            <CityNm>SHELTON</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06484</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JANICE SHEEHY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 386</AddressLine1Txt>
            <CityNm>SHELTON</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06484</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>VIRGINIA COSTIGAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 386</AddressLine1Txt>
            <CityNm>SHELTON</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06484</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JANET GIRARDAT</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 386</AddressLine1Txt>
            <CityNm>SHELTON</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06484</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</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>7213097</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>5029</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>7218126</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>7218126</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>108272</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>7109854</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>355493</MinimumInvestmentReturnAmt>
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        <GrantOrContributionPdDurYrGrp>
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          <GrantOrContributionPurposeTxt>GRANT FOR GENERAL SUPPORT</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
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        <IntOnSavAndTempCashInvstGrp>
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        <DivAndIntFromSecPartVIIGrp>
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        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
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      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
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        <ContributorBusinessName>
          <BusinessNameLine1Txt>COCHRAN TRUST</BusinessNameLine1Txt>
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        <ContributorUSAddress>
          <AddressLine1Txt>PO BOX 386</AddressLine1Txt>
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        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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      <AccountingFeesDetail>
        <CategoryTxt>BOOKKEEPING</CategoryTxt>
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      <AccountingFeesDetail>
        <CategoryTxt>LEGAL EXPENSES</CategoryTxt>
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        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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        <StockNm>UBS BANK USA</StockNm>
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        <EOYFMVAmt>2230417</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONSUMER SECTOR SPDR</StockNm>
        <EOYBookValueAmt>779730</EOYBookValueAmt>
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      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONSUMER STAPLE SECTOR SPDR</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ENERGY SECTOR SPDR</StockNm>
        <EOYBookValueAmt>348840</EOYBookValueAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>FINANCIAL SECTOR SPDR</StockNm>
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        <EOYFMVAmt>634480</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
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        <EOYFMVAmt>728530</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>INDUSTRIAL SECTOR SPDR</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES S&amp;P 500 VALUE</StockNm>
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        <EOYFMVAmt>0</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES S&amp;P 500 GROWTH</StockNm>
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        <EOYFMVAmt>134750</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES NASDAQ BIOTECHNOLOGY</StockNm>
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        <EOYFMVAmt>83416</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SECTOR SPDR TR INT-MATERIAL</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TECHNOLOGY SECTOR SPDR</StockNm>
        <EOYBookValueAmt>790000</EOYBookValueAmt>
        <EOYFMVAmt>790000</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UTILITIES SECTOR SPDR</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BALACKROCK HIGH YIELD</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EATON VANCE BOND FD</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOOMIS SAYLES STRATEGIC INCOME</StockNm>
        <EOYBookValueAmt>121964</EOYBookValueAmt>
        <EOYFMVAmt>121964</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MAINSTAY HIGH YIELD</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MFS HIGH INCOME FUND</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PIMCO INCOME FD</StockNm>
        <EOYBookValueAmt>623735</EOYBookValueAmt>
        <EOYFMVAmt>623735</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES MSCI EAFE</StockNm>
        <EOYBookValueAmt>85980</EOYBookValueAmt>
        <EOYFMVAmt>85980</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR S&amp;P 500ETF</StockNm>
        <EOYBookValueAmt>191630</EOYBookValueAmt>
        <EOYFMVAmt>191630</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ANGEL OAK MULTI STRATEGY INCOME FUND</StockNm>
        <EOYBookValueAmt>48441</EOYBookValueAmt>
        <EOYFMVAmt>48441</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LORD ABBETT INCOME FUND</StockNm>
        <EOYBookValueAmt>178783</EOYBookValueAmt>
        <EOYFMVAmt>178783</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>BENEFICIAL INTEREST IN PERPETUAL TRUST</Desc>
        <BOYBookValueAmt>667926</BOYBookValueAmt>
        <EOYBookValueAmt>597611</EOYBookValueAmt>
        <EOYFMVAmt>597611</EOYFMVAmt>
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        <Desc>UNREALIZED (LOSS) GAIN ON SECURITIES</Desc>
        <Amt>262211</Amt>
      </OtherDecreasesDetail>
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        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>304</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>304</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBSCRIPTION</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>1867</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1867</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>501</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>501</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>1900</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1900</DisbursementsCharitablePrpsAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT</CategoryTxt>
        <Amt>37770</Amt>
        <NetInvestmentIncomeAmt>37770</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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      <TaxesDetail>
        <CategoryTxt>2014 EXCISE TAX FORM 990PF</CategoryTxt>
        <Amt>1578</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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