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      <InvestmentsCorpBonds>
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        <NameOfBond>GEORGE WASHINGTON UNIVERSITY 6.00000 02/01/2019 372546AA9 10000000.00%</NameOfBond>
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      <InvestmentsCorpBonds>
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      <InvestmentsCorpBonds>
        <NameOfBond>HARTFORD FINL SVCS MTN 06.00000 01/15/2019 416515AV6 10000000.00%</NameOfBond>
        <EOYBookValue>94875</EOYBookValue>
        <EOYFMV>109860</EOYFMV>
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      <InvestmentsCorpBonds>
        <NameOfBond>JPMORGAN CHASE VAR PEEP 46625HHA1 10000000.00%</NameOfBond>
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        <EOYFMV>110250</EOYFMV>
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      <InvestmentsCorpBonds>
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        <EOYFMV>7374</EOYFMV>
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      <InvestmentsCorpBonds>
        <NameOfBond>MEDTRONIC INC NOTES 4.7500 DUE09/15/2015 585055AH9 200000.00%</NameOfBond>
        <EOYBookValue>1907</EOYBookValue>
        <EOYFMV>2247</EOYFMV>
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      <InvestmentsCorpBonds>
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        <EOYBookValue>4034</EOYBookValue>
        <EOYFMV>4007</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
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        <EOYBookValue>87848</EOYBookValue>
        <EOYFMV>106977</EOYFMV>
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      <InvestmentsCorpBonds>
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        <EOYFMV>88866</EOYFMV>
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      <InvestmentsCorpBonds>
        <NameOfBond>NUVEEN INVTS INC 10.5 11/15/2015 67090FAD8 5000000.00%</NameOfBond>
        <EOYBookValue>43875</EOYBookValue>
        <EOYFMV>50750</EOYFMV>
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      <InvestmentsCorpBonds>
        <NameOfBond>ORACLE CORP - 5.250 - 01/15/2016 68402LAC8 400000.00%</NameOfBond>
        <EOYBookValue>3771</EOYBookValue>
        <EOYFMV>4577</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>SLM CORP-6.00-01/25/2017 78442FEM6 24300000.00%</NameOfBond>
        <EOYBookValue>244800</EOYBookValue>
        <EOYFMV>256972</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>TEXTRON FINL CORP MTN BE 5.40000 04/28/2013 88319QM59 10000000.00%</NameOfBond>
        <EOYBookValue>99248</EOYBookValue>
        <EOYFMV>102480</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>VIRGINIA ELECTRIC AND POWER COMPANY NOTES 5.4000 DUE01/15/2016 200000.00%</NameOfBond>
        <EOYBookValue>1991</EOYBookValue>
        <EOYFMV>2305</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>WACHOVIA BK NATL ASSN MTN SUB 4.800 11/01/2014 92976GAB7 600000.00%</NameOfBond>
        <EOYBookValue>5986</EOYBookValue>
        <EOYFMV>6440</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>WELLS FARGO FLT PERP 949746PM7 10000000.00%</NameOfBond>
        <EOYBookValue>88080</EOYBookValue>
        <EOYFMV>112500</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>WELLS FARGO MTG BCKDSER 2003-L CL 1A2-04.4847-11/25/2033 6266500.00%</NameOfBond>
        <EOYBookValue>63942</EOYBookValue>
        <EOYFMV>61478</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>ZURICH REINS CENTRE HLDG INC - 7.125 - 10/15/2023 989822AA9 10000000.00%</NameOfBond>
        <EOYBookValue>85750</EOYBookValue>
        <EOYFMV>113655</EOYFMV>
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    </InvestmentsCorpBondsSchedule>
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      <InvestmentsCorpStock>
        <NameOfStock>1710 shares of ENERGY SELECT SPDR XLE</NameOfStock>
        <EOYBookValue>114933</EOYBookValue>
        <EOYFMV>119102</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4000 shares of FEDERAL NATIONAL MTG ASSN FNMAS</NameOfStock>
        <EOYBookValue>103204</EOYBookValue>
        <EOYFMV>7440</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4363 shares of FIRST EAGLE GOLD FUND CLASS C FEGOX</NameOfStock>
        <EOYBookValue>82716</EOYBookValue>
        <EOYFMV>109019</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4000 shares of FREDDIE MAC 8.3750PERPETUAL FMCKJ</NameOfStock>
        <EOYBookValue>105004</EOYBookValue>
        <EOYFMV>8000</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2500 shares of GOLDMAN SACHS DEP SH GS-PD</NameOfStock>
        <EOYBookValue>53634</EOYBookValue>
        <EOYFMV>51150</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2300 shares of GOLDMAN SACHS GRP INC. THE GS-PC</NameOfStock>
        <EOYBookValue>51630</EOYBookValue>
        <EOYFMV>48576</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4800 shares of ISHARES DJ US HCIF ITB</NameOfStock>
        <EOYBookValue>65436</EOYBookValue>
        <EOYFMV>77760</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2700 shares of ISHARES SP 500 VALUE INDEX FUND IVE</NameOfStock>
        <EOYBookValue>166378</EOYBookValue>
        <EOYFMV>169560</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2230 shares of ISHARES SP MIDCAP 400 BARRA VALUE IJJ</NameOfStock>
        <EOYBookValue>178493</EOYBookValue>
        <EOYFMV>181567</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1060 shares of ISHARES SP MIDCAP 400 GROWTH INDEX FUND IJK</NameOfStock>
        <EOYBookValue>93914</EOYBookValue>
        <EOYFMV>112328</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>700 shares of ISHARES TRUST MSCI EAFE INDEX FUND EFA</NameOfStock>
        <EOYBookValue>39796</EOYBookValue>
        <EOYFMV>35000</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3150 shares of ISHARES TRUST RUSSELL 1000 GROWTH INDEX FD IWF</NameOfStock>
        <EOYBookValue>167835</EOYBookValue>
        <EOYFMV>201379</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>2410 shares of KBW REGIONAL BANKING ETF KRE</NameOfStock>
        <EOYBookValue>63894</EOYBookValue>
        <EOYFMV>64853</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>20192 shares of PIMCO COMMODITY REAL RETURN STRATEGY FUND PCRIX</NameOfStock>
        <EOYBookValue>189400</EOYBookValue>
        <EOYFMV>139122</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>1254 shares of PIMCO INCOME STRATEGY FUND PFL</NameOfStock>
        <EOYBookValue>13887</EOYBookValue>
        <EOYFMV>15700</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3408 shares of PIMCO INCOME STRATEGY FUND II PFN</NameOfStock>
        <EOYBookValue>31432</EOYBookValue>
        <EOYFMV>37352</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>8770 shares of POWERSHARES DYNAMIC MEDIA PBS</NameOfStock>
        <EOYBookValue>126859</EOYBookValue>
        <EOYFMV>131901</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1350 shares of SPDR BARCLAYS CAPITAL HYB ETF JNK</NameOfStock>
        <EOYBookValue>54990</EOYBookValue>
        <EOYFMV>53838</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1200 shares of VANGUARD INFORMATION TECHNOLOGY ETF VGT</NameOfStock>
        <EOYBookValue>79360</EOYBookValue>
        <EOYFMV>82908</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1200 shares of VANGUARD MID-CAP GROWTH ETF VOT</NameOfStock>
        <EOYBookValue>65010</EOYBookValue>
        <EOYFMV>76680</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1320 shares of VANGUARD SMALL-CAP GROWTH ETF VBK</NameOfStock>
        <EOYBookValue>111459</EOYBookValue>
        <EOYFMV>109098</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>510 shares of VANGUARD VALUE ETF VTV</NameOfStock>
        <EOYBookValue>26549</EOYBookValue>
        <EOYFMV>28866</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2400 shares of WISDOMTREE DIV TOP 100 DTN</NameOfStock>
        <EOYBookValue>118473</EOYBookValue>
        <EOYFMV>132288</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1800 shares of WISDOMTREE JAPAN DIVIDEND FUND DXJ</NameOfStock>
        <EOYBookValue>64377</EOYBookValue>
        <EOYFMV>55926</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2300 shares of WISDOMTREE SC DIV DES</NameOfStock>
        <EOYBookValue>110384</EOYBookValue>
        <EOYFMV>110032</EOYFMV>
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      <USGovtSecuritiesEOYFMV>21871</USGovtSecuritiesEOYFMV>
      <StateLocalSecuritiesEOYBookVal>699824</StateLocalSecuritiesEOYBookVal>
      <StateLocalSecuritiesEOYFMV>788241</StateLocalSecuritiesEOYFMV>
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    <OtherExpensesSchedule documentId="990PF:79" softwareId="11000218" softwareVersion="2011.0.0">
      <OtherExpenses>
        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>17580</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>17580</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Premium Payment for Indemnification Insurance</Description>
        <RevenueAndExpensesPerBooks>1268</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>1268</DisbursementsCharitablePrps>
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    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="990PF:77" softwareId="11000218" softwareVersion="2011.0.0">
      <OtherProfessionalFees>
        <Category>Investment Management Services</Category>
        <Amount>58131</Amount>
        <NetInvestmentIncome>58131</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="990PF:78" softwareId="11000218" softwareVersion="2011.0.0">
      <Taxes>
        <Category>Estimated Tax for 2012</Category>
        <Amount>2300</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>