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        <NameOfStock>295 shares of MERCK CO INC. MRK</NameOfStock>
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        <EOYFMV>11122</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>35 shares of MERCK KGAA U/ADR MKGAY.PK</NameOfStock>
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        <EOYFMV>1163</EOYFMV>
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      <InvestmentsCorpStock>
        <NameOfStock>121 shares of MICROSOFT CORPORATION MSFT</NameOfStock>
        <EOYBookValue>3569</EOYBookValue>
        <EOYFMV>3141</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>80 shares of MITSUBISHI ESTATE CO ADR MITEY.PK</NameOfStock>
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        <EOYFMV>1191</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>64 shares of MOBILE TELSYS OJSC MBT</NameOfStock>
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        <EOYFMV>940</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>24 shares of MONSANTO CO MON</NameOfStock>
        <EOYBookValue>1826</EOYBookValue>
        <EOYFMV>1682</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>47 shares of MR PRICE GROUP LTD UNSPONSORED ADR MRZPY.PK</NameOfStock>
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        <EOYFMV>931</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>87 shares of MRV ENGENHARIA SPONSORED ADR MRVNY.PK</NameOfStock>
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        <EOYFMV>1025</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>59 shares of NOVARTIS AG ADR NVS</NameOfStock>
        <EOYBookValue>3053</EOYBookValue>
        <EOYFMV>3373</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>177 shares of OCCIDENTAL PETE CORP OXY</NameOfStock>
        <EOYBookValue>7747</EOYBookValue>
        <EOYFMV>16584</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>62 shares of P P G IND PPG</NameOfStock>
        <EOYBookValue>5274</EOYBookValue>
        <EOYFMV>5176</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>127 shares of PETROFAC LTD UNSPONS ADR POFCY.PK</NameOfStock>
        <EOYBookValue>1295</EOYBookValue>
        <EOYFMV>1421</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>169 shares of PFIZER INC. PFE</NameOfStock>
        <EOYBookValue>3060</EOYBookValue>
        <EOYFMV>3657</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>75 shares of PHILIP MORRIS INTL PM</NameOfStock>
        <EOYBookValue>3221</EOYBookValue>
        <EOYFMV>5886</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>437 shares of PROGRESSIVE CORP OHIO PGR</NameOfStock>
        <EOYBookValue>8216</EOYBookValue>
        <EOYFMV>8526</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>85 shares of PRUDENTIAL PLC SC PUK</NameOfStock>
        <EOYBookValue>1632</EOYBookValue>
        <EOYFMV>1678</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>44 shares of PT TELEKOM. IND. TBK ADR TLK</NameOfStock>
        <EOYBookValue>1521</EOYBookValue>
        <EOYFMV>1353</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>55 shares of REXAM PLC ADR REXMY.PK</NameOfStock>
        <EOYBookValue>1543</EOYBookValue>
        <EOYFMV>1499</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>31 shares of ROGERS COMM CL B RCI</NameOfStock>
        <EOYBookValue>1166</EOYBookValue>
        <EOYFMV>1194</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>42 shares of ROYAL DUTCH SHELL PLC RDS-A</NameOfStock>
        <EOYBookValue>2398</EOYBookValue>
        <EOYFMV>3070</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>48 shares of RYANAIR HOLDINGS PLC-ADR COM RYAAY.PK</NameOfStock>
        <EOYBookValue>1243</EOYBookValue>
        <EOYFMV>1337</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>89 shares of SAMPO OYJ UNSPONSORED ADR SAXPY.PK</NameOfStock>
        <EOYBookValue>1216</EOYBookValue>
        <EOYFMV>1097</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>90 shares of SANOFI-AVENTIS SPONSORED ADR SNY</NameOfStock>
        <EOYBookValue>3321</EOYBookValue>
        <EOYFMV>3289</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>50 shares of SAP AKTIENGESELL ADS SAP</NameOfStock>
        <EOYBookValue>2543</EOYBookValue>
        <EOYFMV>2648</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>171 shares of SBERBANK SPONSORED ADR SBRCY.PK</NameOfStock>
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        <EOYFMV>1700</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>287 shares of SEALED AIR CP NEW SEE</NameOfStock>
        <EOYBookValue>6712</EOYBookValue>
        <EOYFMV>4939</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>36 shares of STANDARD BANK GP UNSP/ADR SBGOY.PK</NameOfStock>
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        <EOYFMV>885</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>266 shares of SUMITOMO MITSUI FINCL GRP SMFG</NameOfStock>
        <EOYBookValue>3014</EOYBookValue>
        <EOYFMV>1466</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>91 shares of SWEDBANK AB S/ADR SWDBY.PK</NameOfStock>
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        <EOYFMV>1169</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>214 shares of TAIWAN SEMICONDUCTOR MFG CO LTD TSM</NameOfStock>
        <EOYBookValue>2516</EOYBookValue>
        <EOYFMV>2763</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>197 shares of TAL INTERNATIONAL GROUP INC TAL</NameOfStock>
        <EOYBookValue>5235</EOYBookValue>
        <EOYFMV>5672</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>43 shares of TECHNIP ADS TKPPY.PK</NameOfStock>
        <EOYBookValue>944</EOYBookValue>
        <EOYFMV>1015</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>164 shares of TELSTRA CORPORATION TLSYY.PK</NameOfStock>
        <EOYBookValue>2560</EOYBookValue>
        <EOYFMV>2796</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>179 shares of TENNECO INC TEN</NameOfStock>
        <EOYBookValue>5243</EOYBookValue>
        <EOYFMV>5331</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>213 shares of TEXAS INSTRUMENTS INC. TXN</NameOfStock>
        <EOYBookValue>5319</EOYBookValue>
        <EOYFMV>6200</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>124 shares of TIMKEN CO COM TKR</NameOfStock>
        <EOYBookValue>5222</EOYBookValue>
        <EOYFMV>4800</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>51 shares of TOTAL FINA ELF S.A. TOT</NameOfStock>
        <EOYBookValue>2866</EOYBookValue>
        <EOYFMV>2607</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>75 shares of TRANSATLANTIC HLDS TRH</NameOfStock>
        <EOYBookValue>4441</EOYBookValue>
        <EOYFMV>4105</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>32 shares of TRANSOCEAN LTD. RIG</NameOfStock>
        <EOYBookValue>3037</EOYBookValue>
        <EOYFMV>1228</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>112 shares of TULLOW OIL PLC ADR UK TUWOY.PK</NameOfStock>
        <EOYBookValue>877</EOYBookValue>
        <EOYFMV>1204</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>54 shares of TURKCELL ILET NEW TKC</NameOfStock>
        <EOYBookValue>559</EOYBookValue>
        <EOYFMV>635</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>181 shares of TURKIYE GARANTI BANK TKGBY.PK</NameOfStock>
        <EOYBookValue>624</EOYBookValue>
        <EOYFMV>563</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>81 shares of UNILEVER PLC AMER UL</NameOfStock>
        <EOYBookValue>2271</EOYBookValue>
        <EOYFMV>2715</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>74 shares of UNITED PARCEL SERVICE UPS</NameOfStock>
        <EOYBookValue>5271</EOYBookValue>
        <EOYFMV>5416</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>73 shares of VALE SA VALE</NameOfStock>
        <EOYBookValue>1882</EOYBookValue>
        <EOYFMV>1566</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>41 shares of VALEO SA SPONS ADR VLEEY.PK</NameOfStock>
        <EOYBookValue>932</EOYBookValue>
        <EOYFMV>811</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>118 shares of WAL-MART STORES INC. WMT</NameOfStock>
        <EOYBookValue>6184</EOYBookValue>
        <EOYFMV>7052</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>84 shares of WALT DISNEY HOLDINGS CO. DIS</NameOfStock>
        <EOYBookValue>2738</EOYBookValue>
        <EOYFMV>3150</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>58 shares of WEICHAI POWER CO LTD WEICY.PK</NameOfStock>
        <EOYBookValue>1024</EOYBookValue>
        <EOYFMV>1128</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>95 shares of WELLPOINT INC WLP</NameOfStock>
        <EOYBookValue>5862</EOYBookValue>
        <EOYFMV>6294</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>612 shares of WELLS FARGO CO. WFC</NameOfStock>
        <EOYBookValue>13145</EOYBookValue>
        <EOYFMV>16866</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>49 shares of WM MORRISON UNSPON ADR MRWSY.PK</NameOfStock>
        <EOYBookValue>1155</EOYBookValue>
        <EOYFMV>1232</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>270 shares of WOLSELEY PLC ADR WOSYY.PK</NameOfStock>
        <EOYBookValue>757</EOYBookValue>
        <EOYFMV>878</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>668 shares of XSTRATA PLC UNSP/ADR XSRAY.PK</NameOfStock>
        <EOYBookValue>2115</EOYBookValue>
        <EOYFMV>1977</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>180 shares of YAHOO JAPAN CORP YAHOY.PK</NameOfStock>
        <EOYBookValue>1733</EOYBookValue>
        <EOYFMV>1913</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>176 shares of YUM BRANDS INC YUM</NameOfStock>
        <EOYBookValue>5833</EOYBookValue>
        <EOYFMV>10403</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="990PF:88" softwareId="11000218" softwareVersion="2011.0.0">
      <USGovtSecuritiesEOYBookValue>128295</USGovtSecuritiesEOYBookValue>
      <USGovtSecuritiesEOYFMV>129994</USGovtSecuritiesEOYFMV>
    </InvestmentsGovtObligationsSch>
    <OtherExpensesSchedule documentId="990PF:79" softwareId="11000218" softwareVersion="2011.0.0">
      <OtherExpenses>
        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>8494</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>8494</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Bank Charges</Description>
        <RevenueAndExpensesPerBooks>170</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>170</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>State or Local Filing Fees</Description>
        <RevenueAndExpensesPerBooks>25</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>25</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="990PF:74" softwareId="11000218" softwareVersion="2011.0.0">
      <OtherIncome>
        <Description>Foreign Tax Refund</Description>
        <RevenueAndExpensesPerBooks>11</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>11</NetInvestmentIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="990PF:77" softwareId="11000218" softwareVersion="2011.0.0">
      <OtherProfessionalFees>
        <Category>Investment Management Services</Category>
        <Amount>10528</Amount>
        <NetInvestmentIncome>10528</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="990PF:78" softwareId="11000218" softwareVersion="2011.0.0">
      <Taxes>
        <Category>Estimated Tax for 2011</Category>
        <Amount>700</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
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      <Taxes>
        <Category>Excise Tax for 2010</Category>
        <Amount>691</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
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      <Taxes>
        <Category>Foreign Tax Paid</Category>
        <Amount>500</Amount>
        <NetInvestmentIncome>500</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>