﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-10-04T03:40:38-00:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Foundation Source</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>One Hollow Lane Suite 212</AddressLine1>
        <City>Lake Success</City>
        <State>NY</State>
        <ZIPCode>11042</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>770472664</EIN>
      <Name>
        <BusinessNameLine1>The Geoffrey and Lynne Picard Family Foundation</BusinessNameLine1>
      </Name>
      <NameControl>GEOF</NameControl>
      <Phone>2063254444</Phone>
      <USAddress>
        <AddressLine1>1105 Shenandoah Drive East</AddressLine1>
        <City>Seattle</City>
        <State>WA</State>
        <ZIPCode>98112</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Caroline Picard</Name>
      <Title>Secretary</Title>
      <DateSigned>2013-10-04</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Jeffrey D Haskell</Name>
      <Phone>8008391754</Phone>
      <DatePrepared>2013-10-04</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="9">
    <IRS990PF documentId="990PF" softwareId="12000057" softwareVersion="12.18.605.2">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>3570553</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <DividendsRevAndExpnss>85014</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>85014</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss referenceDocumentId="990PF:69">117352</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>1335151</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>117352</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>202366</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>202366</TotalNetInvestmentIncome>
        <OtherProfFeesRevAndExpnss referenceDocumentId="990PF:74">36188</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>36188</OtherProfFeesNetInvstIncm>
        <TaxesRevAndExpnss referenceDocumentId="990PF:75">8108</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>1827</TaxesNetInvstIncm>
        <OtherExpensesRevAndExpnss referenceDocumentId="990PF:76">18309</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>860</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>17449</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>62605</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>38875</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>17449</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>105000</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>105000</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>167605</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>38875</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>122449</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>34761</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>163491</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>129937</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>154550</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>154550</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsGovtObligBOY>592918</InvestmentsGovtObligBOY>
        <InvestmentsGovtObligEOY>560713</InvestmentsGovtObligEOY>
        <InvestmentsGovtObligEOYFMV>602724</InvestmentsGovtObligEOYFMV>
        <InvestmentsCorpStockBOY>2131745</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="990PF:86">2017684</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>2325760</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>291895</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="990PF:87">298309</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>335425</InvestmentsCorpBondsEOYFMV>
        <InvestmentsOtherEOY referenceDocumentId="990PF:129">150000</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>152094</InvestmentsOtherEOYFMV>
        <TotalAssetsBOY>3146495</TotalAssetsBOY>
        <TotalAssetsEOY>3181256</TotalAssetsEOY>
        <TotalAssetsEOYFMV>3570553</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>3146495</RetainedEarningsBOY>
        <RetainedEarningsEOY>3181256</RetainedEarningsEOY>
        <TotalNetAssetsBOY>3146495</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>3181256</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>3146495</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>3181256</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>3146495</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>34761</ExcessOfRevenueOverExpenses>
        <Subtotal>3181256</Subtotal>
        <TotalNetAssetsFundBalancesEOY>3181256</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Publicly-traded Securities</DescriptionOfAsset>
          <GrossSalesPrice>1335151</GrossSalesPrice>
          <CostOrOtherBasis>1217799</CostOrOtherBasis>
          <GainOrLoss>117352</GainOrLoss>
          <GainsMinusExcessOrLosses>117352</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>117352</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>107690</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>3406339</NoncharitableAssetsYear1>
        <DistributionRatioYear1>000.031615</DistributionRatioYear1>
        <QualifyingDistributionsYear2>144350</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>3145331</NoncharitableAssetsYear2>
        <DistributionRatioYear2>000.045893</DistributionRatioYear2>
        <QualifyingDistributionsYear3>125839</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>2775621</NoncharitableAssetsYear3>
        <DistributionRatioYear3>000.045337</DistributionRatioYear3>
        <QualifyingDistributionsYear4>185107</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>3503908</NoncharitableAssetsYear4>
        <DistributionRatioYear4>000.052829</DistributionRatioYear4>
        <QualifyingDistributionsYear5>347032</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>4118792</NoncharitableAssetsYear5>
        <DistributionRatioYear5>000.084256</DistributionRatioYear5>
        <TotalDistributionRatio>000.259930</TotalDistributionRatio>
        <AverageDistributionRatio>000.051986</AverageDistributionRatio>
        <NetNoncharitableAssets>3418540</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>177716</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>1635</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>179351</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>122449</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>3270</InvestmentIncomeExciseTax>
        <Subtotal>3270</Subtotal>
        <TaxBasedOnInvestmentIncome>3270</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>3000</EstTaxPaymentsAndOverpayment>
        <TaxPaidWithExtension>270</TaxPaidWithExtension>
        <TotalCreditsAndPayments>3270</TotalCreditsAndPayments>
        <TaxPaidOriginalReturn>3270</TaxPaidOriginalReturn>
        <Form2220Attached referenceDocumentId="2220">X</Form2220Attached>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>The Geoffrey and Lynne Picard Family Foundation</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>2063254444</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>1105 Shenandoah Drive East</AddressLine1>
          <City>Seattle</City>
          <State>WA</State>
          <ZIPCode>98112</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Alexandra Picard</PersonName>
          <USAddress>
            <AddressLine1>1105 Shenandoah Drive East</AddressLine1>
            <City>Seattle</City>
            <State>WA</State>
            <ZIPCode>98112</ZIPCode>
          </USAddress>
          <Title>Pres / Dir</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Caroline Picard</PersonName>
          <USAddress>
            <AddressLine1>1105 Shenandoah Drive East</AddressLine1>
            <City>Seattle</City>
            <State>WA</State>
            <ZIPCode>98112</ZIPCode>
          </USAddress>
          <Title>Dir / Sec</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Peter Picard</PersonName>
          <USAddress>
            <AddressLine1>1105 Shenandoah Drive East</AddressLine1>
            <City>Seattle</City>
            <State>WA</State>
            <ZIPCode>98112</ZIPCode>
          </USAddress>
          <Title>VP / Dir</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>3209630</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>182715</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>78254</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>3470599</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>3470599</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable referenceDocumentId="990PF:177">52059</CashDeemedCharitable>
        <NetNoncharitableAssets>3418540</NetNoncharitableAssets>
        <MinimumInvestmentReturn>170927</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>170927</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>3270</TaxBasedOnInvestmentIncome>
        <TotalTax>3270</TotalTax>
        <DistributableAmountBeforeAdj>167657</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>167657</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>167657</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions referenceDocumentId="990PF:178">122449</ExpensesAndContributions>
        <QualifyingDistributions>122449</QualifyingDistributions>
        <AdjQualifyingDistributions>122449</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>167657</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>81219</UndistributedIncomePriorYear>
        <QualifyingDistributions>122449</QualifyingDistributions>
        <AppliedToYear1>81219</AppliedToYear1>
        <AppliedToCurrentYear>41230</AppliedToCurrentYear>
        <UndistributedIncomeCY>126427</UndistributedIncomeCY>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>Alexandra Picard</ContributingManager>
        <ContributingManager>Caroline Picard</ContributingManager>
        <ContributingManager>Peter Picard</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN INSTITUTE OF MUSICAL STUDIES</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>28 E 69TH ST</AddressLine1>
            <City>KANSAS CITY</City>
            <State>MO</State>
            <ZIPCode>64113</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a2</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DFBRL8R LTD</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1136 N MILWAUKEE AVE STO</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60642</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>7000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EXPERIMENTAL SOUND STUDIO</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5925 N RAVENSWOOD AVE</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60660</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a2</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>7000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GROTON SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>282 FARMERS ROW</AddressLine1>
            <City>GROTON</City>
            <State>MA</State>
            <ZIPCode>01450</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LABYRINTH INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>155 BANK ST</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10014</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>19000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LABYRINTH INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>155 BANK ST</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10014</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Renew Line of Credit Campaign</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LAMPO INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2637 W CORTEZ ST APT 3</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60622</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LINKS HALL INCORPORATED</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3435 N SHEFFIELD AVE STE 207</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60657</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a2</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>7000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MAKE LITERARY PRODUCTIONS NFP</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2822 W DICKENS AVE 3</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60647</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>7000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NORTHWEST SYMPHONY ORCHESTRA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 16231</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98116</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a2</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ROCKHOUSE FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2 CORNELIA ST PH C</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10014</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a2</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>12500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ROSE METAL PRESS INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>170 WESTON ST</AddressLine1>
            <City>WALTHAM</City>
            <State>MA</State>
            <ZIPCode>02453</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>VILLA ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5001 NE 50TH ST</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98105</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>105000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>85014</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>117352</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>202366</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>202366</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <GainLossSaleOtherAssetsSch documentId="990PF:69" softwareId="12000057" softwareVersion="12.18.605.2">
      <GainLossSaleOtherAsset>
        <Name>Publicly-traded Securities</Name>
        <GrossSalesPrice>1335151</GrossSalesPrice>
        <Basis>1217799</Basis>
        <TotalNet>117352</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <GeneralExplanationAttachment documentId="990PF:123" softwareId="12000057" softwareVersion="12.18.605.2"></GeneralExplanationAttachment>
    <InvestmentsCorpBondsSchedule documentId="990PF:87" softwareId="12000057" softwareVersion="12.18.605.2">
      <InvestmentsCorpBonds>
        <NameOfBond>ANHEUSER BUSCH COS INC 06.450 09/01/37</NameOfBond>
        <EOYBookValue>7035</EOYBookValue>
        <EOYFMV>13674</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>AOL TIME WARNER INC 07.625 04/15/31</NameOfBond>
        <EOYBookValue>7904</EOYBookValue>
        <EOYFMV>9637</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>BANK OF AMERICA BOND 5.125 11/15/2014</NameOfBond>
        <EOYBookValue>9229</EOYBookValue>
        <EOYFMV>9598</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>CAPITAL ONE FINL CORP - 6.150 - 09/01/2016</NameOfBond>
        <EOYBookValue>9804</EOYBookValue>
        <EOYFMV>10296</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>CISCO SYSTEMS INC - 5.000 - 02/22/2016</NameOfBond>
        <EOYBookValue>8533</EOYBookValue>
        <EOYFMV>9144</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>CITIGROUP INC SR NT 6.125 05/15/2018</NameOfBond>
        <EOYBookValue>9873</EOYBookValue>
        <EOYFMV>10786</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>CONOCPHILLIPS CDA FDG 05.625 10/15/16</NameOfBond>
        <EOYBookValue>8820</EOYBookValue>
        <EOYFMV>9381</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>DEERE JOHN CAP CORP - 1.200 - 10/10/2017</NameOfBond>
        <EOYBookValue>10061</EOYBookValue>
        <EOYFMV>10016</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>DELL - 2.300 - 9/10/2015</NameOfBond>
        <EOYBookValue>9743</EOYBookValue>
        <EOYFMV>10276</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>EMBARQ CORP NT - 7.995 - 06/01/36</NameOfBond>
        <EOYBookValue>10708</EOYBookValue>
        <EOYFMV>11045</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>ENERGY TRANSFER PARTNERS 5.950 02/01/15</NameOfBond>
        <EOYBookValue>9782</EOYBookValue>
        <EOYFMV>10959</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>EQUITY RESIDENTIAL PPTYS 05.125 03/15/16</NameOfBond>
        <EOYBookValue>7900</EOYBookValue>
        <EOYFMV>8922</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>FHLN MTG CRPPOOL J18360 3.000 - 03/01/2027</NameOfBond>
        <EOYBookValue>56465</EOYBookValue>
        <EOYFMV>56737</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GE CAP CORP SR UNSERUES 5.625 9/15/17</NameOfBond>
        <EOYBookValue>8649</EOYBookValue>
        <EOYFMV>10614</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>JPMORGAN CHASE CO - 5.150 - 10/01/2015</NameOfBond>
        <EOYBookValue>8833</EOYBookValue>
        <EOYFMV>9892</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>MARATHON OIL CORP BOND 6.600 10/01/2037 MAKE WHOL</NameOfBond>
        <EOYBookValue>8720</EOYBookValue>
        <EOYFMV>10690</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>MCDONALDS CORP NT - 5.000 - 02/01/2019</NameOfBond>
        <EOYBookValue>8246</EOYBookValue>
        <EOYFMV>9319</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>MORGAN STANLEY - 4.750 - 04/01/2014</NameOfBond>
        <EOYBookValue>7402</EOYBookValue>
        <EOYFMV>8284</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>MURPHY OIL CORP SR NT 2.50000 12/01/2017</NameOfBond>
        <EOYBookValue>10066</EOYBookValue>
        <EOYFMV>10062</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>ONEOK PARTNERS CONS BONDS 6.150 10/01/2016</NameOfBond>
        <EOYBookValue>8249</EOYBookValue>
        <EOYFMV>9313</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>PACIFIC GAS ELEC CO 1STM BD 4.800 03/01/2014</NameOfBond>
        <EOYBookValue>8015</EOYBookValue>
        <EOYFMV>8382</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>PRUDENTIAL INC. - 4.750 - 09/17/2015</NameOfBond>
        <EOYBookValue>9634</EOYBookValue>
        <EOYFMV>9865</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>TELECOM ITALIA CAP SR NT-C 6.37500 11/15/2033</NameOfBond>
        <EOYBookValue>10032</EOYBookValue>
        <EOYFMV>11083</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>TOTAL CAPITAL GTD-3.0-06/24/2015</NameOfBond>
        <EOYBookValue>8998</EOYBookValue>
        <EOYFMV>9506</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>UNITEDHEALTH GROUP INC 05.800 03/15/36</NameOfBond>
        <EOYBookValue>9482</EOYBookValue>
        <EOYFMV>13271</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>VIACOM INC NTS 06.875 04/30/36</NameOfBond>
        <EOYBookValue>8828</EOYBookValue>
        <EOYFMV>13543</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>VODAFONE GROUP PLC 06.150 02/27/37</NameOfBond>
        <EOYBookValue>8957</EOYBookValue>
        <EOYFMV>11904</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>XEROX - 6.350 - 05/15/2018</NameOfBond>
        <EOYBookValue>8341</EOYBookValue>
        <EOYFMV>9226</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="990PF:86" softwareId="12000057" softwareVersion="12.18.605.2">
      <InvestmentsCorpStock>
        <NameOfStock>208 shares of AARONS INC.</NameOfStock>
        <EOYBookValue>4635</EOYBookValue>
        <EOYFMV>5882</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>820 shares of ABB LTD.</NameOfStock>
        <EOYBookValue>15744</EOYBookValue>
        <EOYFMV>17048</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>28 shares of ACI WORLDWIDE INC</NameOfStock>
        <EOYBookValue>1217</EOYBookValue>
        <EOYFMV>1223</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>235 shares of ACTUANT CORP CL A</NameOfStock>
        <EOYBookValue>5101</EOYBookValue>
        <EOYFMV>6559</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>472 shares of ADIDAS AG</NameOfStock>
        <EOYBookValue>11673</EOYBookValue>
        <EOYFMV>21146</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>83 shares of ADVANCE AUTO PARTS INC</NameOfStock>
        <EOYBookValue>6045</EOYBookValue>
        <EOYFMV>6005</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>571 shares of AIXTRON AG ADR</NameOfStock>
        <EOYBookValue>14739</EOYBookValue>
        <EOYFMV>6823</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>83 shares of ALTERA CORPORATION</NameOfStock>
        <EOYBookValue>3935</EOYBookValue>
        <EOYFMV>2854</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>160 shares of AMAZON COM</NameOfStock>
        <EOYBookValue>31200</EOYBookValue>
        <EOYFMV>40138</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>204 shares of AMER EQ INV LIFE HLD</NameOfStock>
        <EOYBookValue>2470</EOYBookValue>
        <EOYFMV>2491</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>441 shares of AMER INTERNATIONAL GROUP INC</NameOfStock>
        <EOYBookValue>15173</EOYBookValue>
        <EOYFMV>15567</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>422 shares of AMERICAN EXPRESS CO</NameOfStock>
        <EOYBookValue>22066</EOYBookValue>
        <EOYFMV>24257</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>195 shares of AMGEN INC</NameOfStock>
        <EOYBookValue>11345</EOYBookValue>
        <EOYFMV>16809</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>99 shares of ANALOG DEVICES INC.</NameOfStock>
        <EOYBookValue>3952</EOYBookValue>
        <EOYFMV>4164</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>679 shares of ANGLO AMERICAN PLC ADR</NameOfStock>
        <EOYBookValue>14607</EOYBookValue>
        <EOYFMV>10599</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>122 shares of ANHEUSER BUSCH COS INC</NameOfStock>
        <EOYBookValue>5716</EOYBookValue>
        <EOYFMV>10664</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>197 shares of APACHE CORPORATION</NameOfStock>
        <EOYBookValue>14916</EOYBookValue>
        <EOYFMV>15465</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1799 shares of APPLIED MATERIALS INC.</NameOfStock>
        <EOYBookValue>22933</EOYBookValue>
        <EOYFMV>20581</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>544 shares of ARES CAPITAL CORPORATION - CLOSED END FUND</NameOfStock>
        <EOYBookValue>8310</EOYBookValue>
        <EOYFMV>9520</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>897 shares of ARM HOLDINGS PLC</NameOfStock>
        <EOYBookValue>15404</EOYBookValue>
        <EOYFMV>33934</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>38 shares of ASPEN INSURANCE HLDG</NameOfStock>
        <EOYBookValue>1225</EOYBookValue>
        <EOYFMV>1219</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>468 shares of ASSOCIATED BANC-CORP</NameOfStock>
        <EOYBookValue>6206</EOYBookValue>
        <EOYFMV>6140</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>190 shares of ASSOCIATED ESTATES REALTY CORP.</NameOfStock>
        <EOYBookValue>2792</EOYBookValue>
        <EOYFMV>3063</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>126 shares of ATLAS AIR WORLDWIDE HOLDINGS</NameOfStock>
        <EOYBookValue>5766</EOYBookValue>
        <EOYFMV>5584</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>198 shares of ATMOS ENERGY CORP</NameOfStock>
        <EOYBookValue>6575</EOYBookValue>
        <EOYFMV>6954</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>487 shares of AUTODESK, INC.</NameOfStock>
        <EOYBookValue>16545</EOYBookValue>
        <EOYFMV>17215</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>217 shares of AUTOLIV INC</NameOfStock>
        <EOYBookValue>13446</EOYBookValue>
        <EOYFMV>14624</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>173 shares of AUTOMATIC DATA PROCESSING INC.</NameOfStock>
        <EOYBookValue>9255</EOYBookValue>
        <EOYFMV>9849</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>925 shares of AXA ADS</NameOfStock>
        <EOYBookValue>14127</EOYBookValue>
        <EOYFMV>16854</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>967 shares of BANCO ITAU HOLDING FINANCIERA</NameOfStock>
        <EOYBookValue>14860</EOYBookValue>
        <EOYFMV>15917</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>219 shares of BANK OF NOVA SCOTIA</NameOfStock>
        <EOYBookValue>10999</EOYBookValue>
        <EOYFMV>12676</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>147 shares of BAYER A G SPONSORED ADR</NameOfStock>
        <EOYBookValue>10560</EOYBookValue>
        <EOYFMV>14100</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>795 shares of BELLE INTL HLDG ADR</NameOfStock>
        <EOYBookValue>15235</EOYBookValue>
        <EOYFMV>17546</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>781 shares of BG GROUP PLC ADS</NameOfStock>
        <EOYBookValue>14676</EOYBookValue>
        <EOYFMV>13051</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>229 shares of BHP BILLITON LIMITED</NameOfStock>
        <EOYBookValue>10760</EOYBookValue>
        <EOYFMV>17958</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>200 shares of BLUE NILE, INC.</NameOfStock>
        <EOYBookValue>8612</EOYBookValue>
        <EOYFMV>7696</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>283 shares of BOEING CO</NameOfStock>
        <EOYBookValue>12293</EOYBookValue>
        <EOYFMV>21327</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>242 shares of BROADRIDGE FINANCIAL SOLUTIONS</NameOfStock>
        <EOYBookValue>5264</EOYBookValue>
        <EOYFMV>5537</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>709 shares of CAMECO CORPORATION</NameOfStock>
        <EOYBookValue>18754</EOYBookValue>
        <EOYFMV>13981</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>469 shares of CANON INC.</NameOfStock>
        <EOYBookValue>19487</EOYBookValue>
        <EOYFMV>18389</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>203 shares of CAPITAL ONE FINANCIAL CORP</NameOfStock>
        <EOYBookValue>9269</EOYBookValue>
        <EOYFMV>11760</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>256 shares of CARMAX INC</NameOfStock>
        <EOYBookValue>7221</EOYBookValue>
        <EOYFMV>9610</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>661 shares of CARNIVAL CORP</NameOfStock>
        <EOYBookValue>23860</EOYBookValue>
        <EOYFMV>24305</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>106 shares of CATERPILLAR INC.</NameOfStock>
        <EOYBookValue>9015</EOYBookValue>
        <EOYFMV>9499</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1181 shares of CHINA UNICOM HONG KONG LTD</NameOfStock>
        <EOYBookValue>19800</EOYBookValue>
        <EOYFMV>19238</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>150 shares of CHOICE HOTELS INTERNATIONAL INC</NameOfStock>
        <EOYBookValue>4567</EOYBookValue>
        <EOYFMV>5043</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1897 shares of CISCO SYSTEMS INC</NameOfStock>
        <EOYBookValue>30097</EOYBookValue>
        <EOYFMV>37274</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>128 shares of CLOROX CO</NameOfStock>
        <EOYBookValue>8707</EOYBookValue>
        <EOYFMV>9372</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>297 shares of CME GROUP, INC</NameOfStock>
        <EOYBookValue>16785</EOYBookValue>
        <EOYFMV>15049</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>651 shares of CNO FINANCIAL GROUP INC.</NameOfStock>
        <EOYBookValue>3845</EOYBookValue>
        <EOYFMV>6074</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>438 shares of COCA-COLA CO</NameOfStock>
        <EOYBookValue>14846</EOYBookValue>
        <EOYFMV>15878</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>523 shares of COMCAST CORP</NameOfStock>
        <EOYBookValue>7575</EOYBookValue>
        <EOYFMV>18786</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1676 shares of COMPAGNIE FINANCIERE RICHEMONT SA</NameOfStock>
        <EOYBookValue>8417</EOYBookValue>
        <EOYFMV>13056</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>215 shares of CORR CP OF AM NEW</NameOfStock>
        <EOYBookValue>4898</EOYBookValue>
        <EOYFMV>7626</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>537 shares of CREDIT SUISSE GROUP ADR</NameOfStock>
        <EOYBookValue>14095</EOYBookValue>
        <EOYFMV>13189</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>144 shares of CUMMINS INC</NameOfStock>
        <EOYBookValue>13391</EOYBookValue>
        <EOYFMV>15602</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>461 shares of DELPHI AUTOMOTIVE PLC</NameOfStock>
        <EOYBookValue>13753</EOYBookValue>
        <EOYFMV>17633</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>127 shares of DIAGEO PLC ADS</NameOfStock>
        <EOYBookValue>11475</EOYBookValue>
        <EOYFMV>14806</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>61 shares of DSW INC.</NameOfStock>
        <EOYBookValue>3001</EOYBookValue>
        <EOYFMV>4007</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>168 shares of ENI S.P.A.</NameOfStock>
        <EOYBookValue>7218</EOYBookValue>
        <EOYFMV>8256</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>241 shares of EXCEL TR INC COM</NameOfStock>
        <EOYBookValue>2942</EOYBookValue>
        <EOYFMV>3053</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>486 shares of EXPEDITORS INTL WASH INC.</NameOfStock>
        <EOYBookValue>24264</EOYBookValue>
        <EOYFMV>19221</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>178 shares of EXXON MOBIL CORP</NameOfStock>
        <EOYBookValue>15229</EOYBookValue>
        <EOYFMV>15406</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>529 shares of FACEBOOK INC</NameOfStock>
        <EOYBookValue>16181</EOYBookValue>
        <EOYFMV>14082</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>175 shares of FACTSET RESH SYST INC.</NameOfStock>
        <EOYBookValue>18004</EOYBookValue>
        <EOYFMV>15411</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>253 shares of FEDEX CORPORATION COMMON STOCK</NameOfStock>
        <EOYBookValue>20274</EOYBookValue>
        <EOYFMV>23205</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>137 shares of FIRST CASH FINL SERVICES INC</NameOfStock>
        <EOYBookValue>4014</EOYBookValue>
        <EOYFMV>6798</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>483 shares of FIRSTMERIT CORPORATION</NameOfStock>
        <EOYBookValue>7911</EOYBookValue>
        <EOYFMV>6854</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>253 shares of FRANKLIN RES INC</NameOfStock>
        <EOYBookValue>28180</EOYBookValue>
        <EOYFMV>31802</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>601 shares of FRESENIUS SE S ADR</NameOfStock>
        <EOYBookValue>8680</EOYBookValue>
        <EOYFMV>8654</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>122 shares of FULTON FIN CORP</NameOfStock>
        <EOYBookValue>1264</EOYBookValue>
        <EOYFMV>1172</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>273 shares of GLOBE SPECIALTY METALS INC</NameOfStock>
        <EOYBookValue>4028</EOYBookValue>
        <EOYFMV>3754</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>161 shares of GOLDMAN SACHS GROUP</NameOfStock>
        <EOYBookValue>16319</EOYBookValue>
        <EOYFMV>20537</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>65 shares of GOOGLE INC CL A</NameOfStock>
        <EOYBookValue>32732</EOYBookValue>
        <EOYFMV>45979</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>135 shares of GRAFTECH INTL LTD</NameOfStock>
        <EOYBookValue>1204</EOYBookValue>
        <EOYFMV>1268</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>264 shares of GREENHILL COMPANY INC</NameOfStock>
        <EOYBookValue>11761</EOYBookValue>
        <EOYFMV>13725</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>452 shares of GRIFOLS SA REP 1/2 CL B</NameOfStock>
        <EOYBookValue>4207</EOYBookValue>
        <EOYFMV>11720</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>90 shares of GROUP 1 AUTOMOTIVE INC</NameOfStock>
        <EOYBookValue>4668</EOYBookValue>
        <EOYFMV>5579</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2029 shares of GROUPE DANONE ADS</NameOfStock>
        <EOYBookValue>27753</EOYBookValue>
        <EOYFMV>27168</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>151 shares of HANCOCK HOLDING COMPANY</NameOfStock>
        <EOYBookValue>4863</EOYBookValue>
        <EOYFMV>4791</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>122 shares of HARMAN INTERNATIONAL INDUSTRIES INC</NameOfStock>
        <EOYBookValue>5163</EOYBookValue>
        <EOYFMV>5446</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>180 shares of HCC INS HLDGS INC.</NameOfStock>
        <EOYBookValue>4903</EOYBookValue>
        <EOYFMV>6698</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>465 shares of HDFC BANK LTD ADR</NameOfStock>
        <EOYBookValue>4625</EOYBookValue>
        <EOYFMV>18935</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>165 shares of HEALTH MGMT ASSOC INC NEW CL A</NameOfStock>
        <EOYBookValue>1444</EOYBookValue>
        <EOYFMV>1538</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>463 shares of HERSHA HOSPITALITY TRUST</NameOfStock>
        <EOYBookValue>2238</EOYBookValue>
        <EOYFMV>2315</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>196 shares of HIGHWOODS PRPTY INC</NameOfStock>
        <EOYBookValue>6149</EOYBookValue>
        <EOYFMV>6556</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>55 shares of HITTITE MICROWAVE CORPORATION</NameOfStock>
        <EOYBookValue>2930</EOYBookValue>
        <EOYFMV>3413</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>696 shares of HOLCIM LIMITED ADR</NameOfStock>
        <EOYBookValue>10030</EOYBookValue>
        <EOYFMV>10155</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>292 shares of HSBC HLDGS PLC ADS</NameOfStock>
        <EOYBookValue>14244</EOYBookValue>
        <EOYFMV>15496</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>84 shares of ICF INTERNATIONAL, INC.</NameOfStock>
        <EOYBookValue>1608</EOYBookValue>
        <EOYFMV>1969</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>361 shares of ILLINOIS TOOL WORKS</NameOfStock>
        <EOYBookValue>13009</EOYBookValue>
        <EOYFMV>21952</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1456 shares of INDUSTRIAL COM UNSP/ADR</NameOfStock>
        <EOYBookValue>18645</EOYBookValue>
        <EOYFMV>20663</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1573 shares of INTEL CORP</NameOfStock>
        <EOYBookValue>33373</EOYBookValue>
        <EOYFMV>32435</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>60 shares of JACK IN THE BOX INC</NameOfStock>
        <EOYBookValue>1716</EOYBookValue>
        <EOYFMV>1716</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>648 shares of JP MORGAN CHASE CO</NameOfStock>
        <EOYBookValue>20695</EOYBookValue>
        <EOYFMV>28492</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>346 shares of KAR AUCTION SERVICES INC</NameOfStock>
        <EOYBookValue>5441</EOYBookValue>
        <EOYFMV>7003</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>666 shares of KOMATSU LTD.</NameOfStock>
        <EOYBookValue>20568</EOYBookValue>
        <EOYFMV>17123</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>152 shares of KRATON PERFORMANCE POLYMERS INCCOM</NameOfStock>
        <EOYBookValue>3233</EOYBookValue>
        <EOYFMV>3653</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>327 shares of LAM RESEARCH CORP</NameOfStock>
        <EOYBookValue>11947</EOYBookValue>
        <EOYFMV>11815</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>118 shares of LASALLE HOTEL PROP</NameOfStock>
        <EOYBookValue>2797</EOYBookValue>
        <EOYFMV>2996</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>385 shares of LEGG MASON INC</NameOfStock>
        <EOYBookValue>12907</EOYBookValue>
        <EOYFMV>9902</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>99 shares of LENNOX INTL INC</NameOfStock>
        <EOYBookValue>4415</EOYBookValue>
        <EOYFMV>5199</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>76 shares of LIFEPOINT HOSPITALS, INC</NameOfStock>
        <EOYBookValue>2958</EOYBookValue>
        <EOYFMV>2869</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>74 shares of LITHIA MOTORS INC CL A</NameOfStock>
        <EOYBookValue>1821</EOYBookValue>
        <EOYFMV>2769</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>77 shares of LITTELFUSE, INC.</NameOfStock>
        <EOYBookValue>4519</EOYBookValue>
        <EOYFMV>4752</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>676 shares of LOWES COMPANIES INC.</NameOfStock>
        <EOYBookValue>18193</EOYBookValue>
        <EOYFMV>24012</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>196 shares of LPL FINANCIAL HOLDINGS INC</NameOfStock>
        <EOYBookValue>5389</EOYBookValue>
        <EOYFMV>5519</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>84 shares of MANHATTAN ASSOCIATES INC</NameOfStock>
        <EOYBookValue>3868</EOYBookValue>
        <EOYFMV>5069</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>993 shares of MANULIFE FIN CORP</NameOfStock>
        <EOYBookValue>21951</EOYBookValue>
        <EOYFMV>13495</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>544 shares of MARRIOTT INTERNATIONAL INC. CL A</NameOfStock>
        <EOYBookValue>14048</EOYBookValue>
        <EOYFMV>20275</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>247 shares of MASTEC INC</NameOfStock>
        <EOYBookValue>4769</EOYBookValue>
        <EOYFMV>6158</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>59 shares of MASTERCARD INC</NameOfStock>
        <EOYBookValue>12135</EOYBookValue>
        <EOYFMV>28986</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>90 shares of MCDONALDS CORP</NameOfStock>
        <EOYBookValue>6278</EOYBookValue>
        <EOYFMV>7939</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>165 shares of MCGRATH RENTCORP</NameOfStock>
        <EOYBookValue>4488</EOYBookValue>
        <EOYFMV>4802</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>79 shares of MEDTRONIC INC</NameOfStock>
        <EOYBookValue>2816</EOYBookValue>
        <EOYFMV>3241</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>289 shares of MERCK CO INC.</NameOfStock>
        <EOYBookValue>10260</EOYBookValue>
        <EOYFMV>11832</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>289 shares of MICROSEMI CORP</NameOfStock>
        <EOYBookValue>5509</EOYBookValue>
        <EOYFMV>6081</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>565 shares of MICROSOFT CORPORATION</NameOfStock>
        <EOYBookValue>15380</EOYBookValue>
        <EOYFMV>15091</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>148 shares of MKS INSTRUMENTS, INC</NameOfStock>
        <EOYBookValue>3954</EOYBookValue>
        <EOYFMV>3815</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>196 shares of NATL OILWELL VARCO</NameOfStock>
        <EOYBookValue>13086</EOYBookValue>
        <EOYFMV>13397</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>123 shares of NESTLE S.A.</NameOfStock>
        <EOYBookValue>7950</EOYBookValue>
        <EOYFMV>8016</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>507 shares of NEWCREST MINING LTD-SPON ADR</NameOfStock>
        <EOYBookValue>15046</EOYBookValue>
        <EOYFMV>11970</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>335 shares of NICE SYSTEMS LTD.</NameOfStock>
        <EOYBookValue>11793</EOYBookValue>
        <EOYFMV>11216</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>120 shares of NIKE INC-CL B</NameOfStock>
        <EOYBookValue>4789</EOYBookValue>
        <EOYFMV>6192</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>363 shares of NOVARTIS AG ADR</NameOfStock>
        <EOYBookValue>22104</EOYBookValue>
        <EOYFMV>22978</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>65 shares of NOVO NORDISK A S</NameOfStock>
        <EOYBookValue>3704</EOYBookValue>
        <EOYFMV>10609</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>241 shares of OASIS PETROLEUM CORP</NameOfStock>
        <EOYBookValue>6029</EOYBookValue>
        <EOYFMV>7664</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>88 shares of OIL STATES INTL INC</NameOfStock>
        <EOYBookValue>5060</EOYBookValue>
        <EOYFMV>6296</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>204 shares of OMNICOM GROUP</NameOfStock>
        <EOYBookValue>9922</EOYBookValue>
        <EOYFMV>10192</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1825 shares of ORACLE CORP</NameOfStock>
        <EOYBookValue>51700</EOYBookValue>
        <EOYFMV>60808</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>169 shares of PACKAGING CORP AMER</NameOfStock>
        <EOYBookValue>4291</EOYBookValue>
        <EOYFMV>6501</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>100 shares of PARKER HANNIFIN CP</NameOfStock>
        <EOYBookValue>7813</EOYBookValue>
        <EOYFMV>8506</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>503 shares of PDRDY.PK</NameOfStock>
        <EOYBookValue>9729</EOYBookValue>
        <EOYFMV>11670</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1226 shares of PING AN INSURANCE</NameOfStock>
        <EOYBookValue>23383</EOYBookValue>
        <EOYFMV>21075</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>162 shares of POST HOLDINGS INC</NameOfStock>
        <EOYBookValue>5019</EOYBookValue>
        <EOYFMV>5549</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>367 shares of PRECISION DRILLING TRUST</NameOfStock>
        <EOYBookValue>3182</EOYBookValue>
        <EOYFMV>3039</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>245 shares of PROCTER GAMBLE CO</NameOfStock>
        <EOYBookValue>15694</EOYBookValue>
        <EOYFMV>16633</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>145 shares of PROSPERITY BANC SHARES, INC</NameOfStock>
        <EOYBookValue>5155</EOYBookValue>
        <EOYFMV>6090</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>612 shares of PRUDENTIAL PLC SC</NameOfStock>
        <EOYBookValue>12102</EOYBookValue>
        <EOYFMV>17473</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>518 shares of QUALCOMM INC</NameOfStock>
        <EOYBookValue>25223</EOYBookValue>
        <EOYFMV>32043</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>641 shares of RECKITT BENCKISER GRP PLC ADR</NameOfStock>
        <EOYBookValue>7770</EOYBookValue>
        <EOYFMV>8218</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>91 shares of RELIANCE STL ALMN</NameOfStock>
        <EOYBookValue>4942</EOYBookValue>
        <EOYFMV>5651</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>240 shares of ROCHE HOLDING LTD ADR</NameOfStock>
        <EOYBookValue>10367</EOYBookValue>
        <EOYFMV>12120</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>135 shares of ROCKWELL AUTOMAT INC</NameOfStock>
        <EOYBookValue>5383</EOYBookValue>
        <EOYFMV>11339</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>216 shares of ROLLS ROYCE GRP PLC S/ADR</NameOfStock>
        <EOYBookValue>12083</EOYBookValue>
        <EOYFMV>15507</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>100 shares of RYLAND GROUP INC.</NameOfStock>
        <EOYBookValue>3282</EOYBookValue>
        <EOYFMV>3650</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>301 shares of SABMILLER PLC S/ADR</NameOfStock>
        <EOYBookValue>12191</EOYBookValue>
        <EOYFMV>14084</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>47 shares of SCANSOURCE INC</NameOfStock>
        <EOYBookValue>1437</EOYBookValue>
        <EOYFMV>1493</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>317 shares of SCHLUMBERGER LTD</NameOfStock>
        <EOYBookValue>26609</EOYBookValue>
        <EOYFMV>21968</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1372 shares of SEI INVESTMENTS</NameOfStock>
        <EOYBookValue>30606</EOYBookValue>
        <EOYFMV>32022</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>163 shares of SEMTECH CORPORATION</NameOfStock>
        <EOYBookValue>4248</EOYBookValue>
        <EOYFMV>4719</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>186 shares of SILGAN HOLDINGS, INC. - COMMON STOCK</NameOfStock>
        <EOYBookValue>6187</EOYBookValue>
        <EOYFMV>7726</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>86 shares of SIRONA DENTAL SYSTEMS INC</NameOfStock>
        <EOYBookValue>4023</EOYBookValue>
        <EOYFMV>5544</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>146 shares of SKYWORKS SOLUTIONS, INC</NameOfStock>
        <EOYBookValue>3054</EOYBookValue>
        <EOYFMV>2964</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>55 shares of SMITH A O CORP DEL COM</NameOfStock>
        <EOYBookValue>2251</EOYBookValue>
        <EOYFMV>3469</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>716 shares of SOFTBANK CP UNSP ADR</NameOfStock>
        <EOYBookValue>13645</EOYBookValue>
        <EOYFMV>12995</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>189 shares of SSC TECHNOLOGIES INC</NameOfStock>
        <EOYBookValue>4751</EOYBookValue>
        <EOYFMV>4364</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>173 shares of STARWOOD HOTELS RESORTS</NameOfStock>
        <EOYBookValue>8294</EOYBookValue>
        <EOYFMV>9923</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1514 shares of STERLITE INDUSTRIES INDIA LTD</NameOfStock>
        <EOYBookValue>11041</EOYBookValue>
        <EOYFMV>13036</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>368 shares of SUNCOR ENERGY INC</NameOfStock>
        <EOYBookValue>10571</EOYBookValue>
        <EOYFMV>12137</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>108 shares of TELEFLEX INC.</NameOfStock>
        <EOYBookValue>5419</EOYBookValue>
        <EOYFMV>7701</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>278 shares of TELENOR ASA S/ADR</NameOfStock>
        <EOYBookValue>14077</EOYBookValue>
        <EOYFMV>16886</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>413 shares of TENCENT HOLDINGS LIMITED</NameOfStock>
        <EOYBookValue>8551</EOYBookValue>
        <EOYFMV>13269</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>600 shares of TEXAS INSTRUMENTS INC.</NameOfStock>
        <EOYBookValue>18187</EOYBookValue>
        <EOYFMV>18534</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>207 shares of TIFFANY CO,</NameOfStock>
        <EOYBookValue>11943</EOYBookValue>
        <EOYFMV>11869</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>249 shares of TOWER GROUP INC</NameOfStock>
        <EOYBookValue>5674</EOYBookValue>
        <EOYFMV>4430</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>431 shares of TOYOTA MTR CORP</NameOfStock>
        <EOYBookValue>31852</EOYBookValue>
        <EOYFMV>40190</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>206 shares of TRW AUTOMOTIVE HOLDINGS CORP</NameOfStock>
        <EOYBookValue>7207</EOYBookValue>
        <EOYFMV>11044</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>317 shares of UNITED PARCEL SERVICE</NameOfStock>
        <EOYBookValue>22560</EOYBookValue>
        <EOYFMV>23372</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>179 shares of UNITED RENTALS INC</NameOfStock>
        <EOYBookValue>5650</EOYBookValue>
        <EOYFMV>8148</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>46 shares of VALMONT INDUSTRIES INC</NameOfStock>
        <EOYBookValue>3888</EOYBookValue>
        <EOYFMV>6281</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>170 shares of VARIAN MEDICAL SYSTEMS INC</NameOfStock>
        <EOYBookValue>11982</EOYBookValue>
        <EOYFMV>11941</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>181 shares of VERINT SYSTEMS INC.</NameOfStock>
        <EOYBookValue>5519</EOYBookValue>
        <EOYFMV>5314</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>357 shares of VISA INC</NameOfStock>
        <EOYBookValue>31217</EOYBookValue>
        <EOYFMV>54113</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>66 shares of WALT DISNEY HOLDINGS CO.</NameOfStock>
        <EOYBookValue>1916</EOYBookValue>
        <EOYFMV>3286</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>107 shares of WATSON WYATT CO. HOLDINGS</NameOfStock>
        <EOYBookValue>5364</EOYBookValue>
        <EOYFMV>6014</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>79 shares of WD-40 COMPANY</NameOfStock>
        <EOYBookValue>3504</EOYBookValue>
        <EOYFMV>3722</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>286 shares of WEBSTER FINL CORP</NameOfStock>
        <EOYBookValue>6400</EOYBookValue>
        <EOYFMV>5877</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>996 shares of WELLS FARGO CO.</NameOfStock>
        <EOYBookValue>29934</EOYBookValue>
        <EOYFMV>34043</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>112 shares of WESCO INTL INC</NameOfStock>
        <EOYBookValue>4400</EOYBookValue>
        <EOYFMV>7552</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>25 shares of WEST PHARMA SVCS INC</NameOfStock>
        <EOYBookValue>1101</EOYBookValue>
        <EOYFMV>1369</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>86 shares of WOLVERINE WORLDWIDE</NameOfStock>
        <EOYBookValue>3189</EOYBookValue>
        <EOYFMV>3524</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>284 shares of WOODSIDE PETROL LTD ADR</NameOfStock>
        <EOYBookValue>11959</EOYBookValue>
        <EOYFMV>10150</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>391 shares of WORLEY PARSONS LTD</NameOfStock>
        <EOYBookValue>11534</EOYBookValue>
        <EOYFMV>9509</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2754 shares of XSTRATA PLC UNSP/ADR</NameOfStock>
        <EOYBookValue>8722</EOYBookValue>
        <EOYFMV>9419</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>413 shares of ZIMMER HOLDINGS INC</NameOfStock>
        <EOYBookValue>25079</EOYBookValue>
        <EOYFMV>27531</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="990PF:129" softwareId="12000057" softwareVersion="12.18.605.2">
      <InvestmentsOther>
        <CategoryOrItem>OCONNOR FUND OF FUNDS MULTI-STRATEGY</CategoryOrItem>
        <BookValue>150000</BookValue>
        <EOYFMV>152094</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="990PF:76" softwareId="12000057" softwareVersion="12.18.605.2">
      <OtherExpenses>
        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>16449</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>16449</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Bank Charges</Description>
        <RevenueAndExpensesPerBooks>860</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>860</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>State or Local Filing Fees</Description>
        <RevenueAndExpensesPerBooks>1000</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>1000</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="990PF:74" softwareId="12000057" softwareVersion="12.18.605.2">
      <OtherProfessionalFees>
        <Category>Investment Management Services</Category>
        <Amount>36188</Amount>
        <NetInvestmentIncome>36188</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="990PF:75" softwareId="12000057" softwareVersion="12.18.605.2">
      <Taxes>
        <Category>Estimated Tax for 2012</Category>
        <Amount>3000</Amount>
      </Taxes>
      <Taxes>
        <Category>Foreign Tax Paid</Category>
        <Amount>1827</Amount>
        <NetInvestmentIncome>1827</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>IRS Excise Tax Payment with 1st ext 990-PF</Category>
        <Amount>3281</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>