﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-06-15T10:59:43-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Spence Marston Bunch Morris &amp; Co</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>250 North Belcher Road Suite 100</AddressLine1>
        <City>Clearwater</City>
        <State>FL</State>
        <ZIPCode>337652622</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>593288143</EIN>
      <Name>
        <BusinessNameLine1>THOMAS A &amp; MARY S JAMES FOUNDATION INC</BusinessNameLine1>
      </Name>
      <NameControl>THOM</NameControl>
      <Phone>7275675168</Phone>
      <USAddress>
        <AddressLine1>880 CARILLON PARKWAY</AddressLine1>
        <City>ST PETERSBURG</City>
        <State>FL</State>
        <ZIPCode>33716</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>THOMAS A JAMES</Name>
      <Title>President</Title>
      <DateSigned>2012-06-14</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>R MICHAL MARSTON</Name>
      <Phone>7274416829</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="8">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation 990PFBinaryAttachments.1 990PFBinaryAttachments.2 990PFBinaryAttachments.3 990PFBinaryAttachments.4" softwareId="11000144" softwareVersion="2011v1.2">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>7140087</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>1115000</ContriReceivedRevAndExpnss>
        <InterestOnSavingsRevAndExpnss>132</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>132</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>85856</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>85856</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>26143</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>1556680</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>26143</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>1227131</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>112131</TotalNetInvestmentIncome>
        <AccountingFeesRevAndExpnss referenceDocumentId="AccountingFeesSchedule">2600</AccountingFeesRevAndExpnss>
        <OtherProfFeesRevAndExpnss referenceDocumentId="OtherProfessionalFeesSchedule">9178</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>9178</OtherProfFeesNetInvstIncm>
        <TaxesRevAndExpnss referenceDocumentId="TaxesSchedule">1547</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>523</TaxesNetInvstIncm>
        <OtherExpensesRevAndExpnss referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">62</OtherExpensesRevAndExpnss>
        <TotOprExpensesRevAndExpnss>13387</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>9701</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>0</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>354250</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>354250</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>367637</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>9701</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>354250</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>859494</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>102430</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>388776</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>45586</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>45586</SavingsAndTempCashInvstEOYFMV>
        <PrepaidExpensesBOY>750</PrepaidExpensesBOY>
        <PrepaidExpensesEOY>1376</PrepaidExpensesEOY>
        <PrepaidExpensesEOYFMV>1376</PrepaidExpensesEOYFMV>
        <InvestmentsCorpStockBOY>4799517</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="InvestmentsCorpStockSchedule">6000027</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>7089038</InvestmentsCorpStockEOYFMV>
        <OtherAssetsBOY referenceDocumentId="OtherAssetsSchedule">2539</OtherAssetsBOY>
        <OtherAssetsEOY referenceDocumentId="OtherAssetsSchedule">4087</OtherAssetsEOY>
        <OtherAssetsEOYFMV referenceDocumentId="OtherAssetsSchedule">4087</OtherAssetsEOYFMV>
        <TotalAssetsBOY>5191582</TotalAssetsBOY>
        <TotalAssetsEOY>6051076</TotalAssetsEOY>
        <TotalAssetsEOYFMV>7140087</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <PaidInOrCapitalSurplusBOY>2499451</PaidInOrCapitalSurplusBOY>
        <PaidInOrCapitalSurplusEOY>3614451</PaidInOrCapitalSurplusEOY>
        <RetainedEarningsBOY>2692131</RetainedEarningsBOY>
        <RetainedEarningsEOY>2436625</RetainedEarningsEOY>
        <TotalNetAssetsBOY>5191582</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>6051076</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>5191582</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>6051076</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>5191582</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>859494</ExcessOfRevenueOverExpenses>
        <Subtotal>6051076</Subtotal>
        <TotalNetAssetsFundBalancesEOY>6051076</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <GainOrLoss>12324</GainOrLoss>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Capital Gain Dividends</DescriptionOfAsset>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>26143</CapitalGainNetIncome>
        <NetShortTermCapitalGainOrLoss>-10537</NetShortTermCapitalGainOrLoss>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>303950</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>5750818</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.05285</DistributionRatioYear1>
        <QualifyingDistributionsYear2>282201</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>4730135</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.05966</DistributionRatioYear2>
        <QualifyingDistributionsYear3>260500</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>6180561</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.04215</DistributionRatioYear3>
        <QualifyingDistributionsYear4>387475</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>7676285</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.05048</DistributionRatioYear4>
        <QualifyingDistributionsYear5>278032</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>6045835</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.04599</DistributionRatioYear5>
        <TotalDistributionRatio>0.25113</TotalDistributionRatio>
        <AverageDistributionRatio>0.05023</AverageDistributionRatio>
        <NetNoncharitableAssets>6680124</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>335509</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>1024</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>336533</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>354250</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>1024</InvestmentIncomeExciseTax>
        <Subtotal>1024</Subtotal>
        <TaxBasedOnInvestmentIncome>1024</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>2400</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>2400</TotalCreditsAndPayments>
        <Overpayment>1376</Overpayment>
        <AmountCreditedToNextYear>1376</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <Form990TFiled>false</Form990TFiled>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>FL</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>THOMAS A JAMES</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>7275675002</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>880 CARILLON ST PETE FL</AddressLine1>
          <City>ST PETERSBURG</City>
          <State>FL</State>
          <ZIPCode>337161102</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>
        <ActsFailToQualifyAsExceptions>false</ActsFailToQualifyAsExceptions>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <TrFailToQualifyAsExceptions>false</TrFailToQualifyAsExceptions>
        <MaintExpendResponsibility>false</MaintExpendResponsibility>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>false</ProceedsOrNetIncome>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>COURT JAMES</PersonName>
          <USAddress>
            <AddressLine1>202 TOLEDO WAY E</AddressLine1>
            <City>ST PETERSBURG</City>
            <State>FL</State>
            <ZIPCode>33704</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>HUNT JAMES</PersonName>
          <USAddress>
            <AddressLine1>4609 SYLVAN RAMBLE</AddressLine1>
            <City>TAMPA</City>
            <State>FL</State>
            <ZIPCode>33609</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>MARY S JAMES</PersonName>
          <USAddress>
            <AddressLine1>9341 SILVERTHORN</AddressLine1>
            <City>LARGO</City>
            <State>FL</State>
            <ZIPCode>33777</ZIPCode>
          </USAddress>
          <Title>Secretary</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>THOMAS A JAMES</PersonName>
          <USAddress>
            <AddressLine1>9341 SILVERTHORN</AddressLine1>
            <City>LARGO</City>
            <State>FL</State>
            <ZIPCode>33777</ZIPCode>
          </USAddress>
          <Title>President</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>6599526</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>180922</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>1404</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>6781852</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AdjTotalFMVOfUnusedAssets>6781852</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>101728</CashDeemedCharitable>
        <NetNoncharitableAssets>6680124</NetNoncharitableAssets>
        <MinimumInvestmentReturn>334006</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>334006</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>1024</TaxBasedOnInvestmentIncome>
        <TotalTax>1024</TotalTax>
        <DistributableAmountBeforeAdj>332982</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>332982</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>332982</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>354250</ExpensesAndContributions>
        <QualifyingDistributions>354250</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>1024</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>353226</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>332982</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>207967</UndistributedIncomePriorYear>
        <QualifyingDistributions>354250</QualifyingDistributions>
        <AppliedToYear1>207967</AppliedToYear1>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>146283</AppliedToCurrentYear>
        <UndistributedIncomeCY>186699</UndistributedIncomeCY>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>THOMAS A JAMES</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>SEE PDF SCHEDULE 2011 CONTRIBUTIONS</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>SEE PDF SCHEDULE</AddressLine1>
            <City>SEE PDF SCHEDULE</City>
            <State>FL</State>
            <ZIPCode>99999</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SEE SCHEDULE ATTACHED</PurposeOfGrantOrContribution>
          <Amount>354250</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>354250</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>132</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>85856</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>26143</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>112131</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>112131</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="11000144" softwareVersion="2011v1.2">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>THOMAS A JAMES</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>9341 SILVERTHORN</AddressLine1>
          <City>LARGO</City>
          <State>FL</State>
          <ZIPCode>33777</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>1115000</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>1</ContributorNumberFromPartI>
        <NoncashPropertyDescription>40,000 COMMON SHARES RAYMOND JAMES FINANCIAL</NoncashPropertyDescription>
        <FairMarketValue>1115000</FairMarketValue>
        <DateReceived>2011-11-29</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <AccountingFees>
        <Category>TAX RETURN PREPARATION</Category>
        <Amount>2600</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <InvestmentsCorpStock>
        <NameOfStock>COMMONS STOCKS RJ AC# 78759740 SEE PDF</NameOfStock>
        <EOYBookValue>224974</EOYBookValue>
        <EOYFMV>233323</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>COMMON STOCKS RJ AC# 78754568 SEE PDF</NameOfStock>
        <EOYBookValue>323683</EOYBookValue>
        <EOYFMV>285944</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>COMMON STOCKS RJ AC# 78730327 SEE PDF</NameOfStock>
        <EOYBookValue>243896</EOYBookValue>
        <EOYFMV>238177</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>THORNBURG INTERNATIONAL VALUE</NameOfStock>
        <EOYBookValue>266834</EOYBookValue>
        <EOYFMV>222365</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>FIRST EAGLE FUND OF AMERICA</NameOfStock>
        <EOYBookValue>261129</EOYBookValue>
        <EOYFMV>223433</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EAGLE LARGE CAP CORE</NameOfStock>
        <EOYBookValue>169847</EOYBookValue>
        <EOYFMV>158423</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EAGLE MID CAP GROWTH</NameOfStock>
        <EOYBookValue>287058</EOYBookValue>
        <EOYFMV>317924</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>LEGG MASON WESTERN ASSET HIGH INCOME</NameOfStock>
        <EOYBookValue>352471</EOYBookValue>
        <EOYFMV>299844</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EAGLE INTERNATIONAL EQUITY</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EAGLE CAPITAL APPRECIATION</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EAGLE INTERNATIONAL EQUITY</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EAGLE MID CAP STOCK</NameOfStock>
        <EOYBookValue>396985</EOYBookValue>
        <EOYFMV>538266</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EAGLE SMALLCAP GROWTH FUND</NameOfStock>
        <EOYBookValue>492637</EOYBookValue>
        <EOYFMV>608459</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RAYMOND JAMES FINANCIAL</NameOfStock>
        <EOYBookValue>2980513</EOYBookValue>
        <EOYFMV>3962880</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherAssets>
        <Description>TRADES IN TRANSIT</Description>
        <EOYBookValue>2046</EOYBookValue>
        <EOYFMV>2046</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>DIVIDENDS IN TRANSIT</Description>
        <BOYBookValue>2539</BOYBookValue>
        <EOYBookValue>2041</EOYBookValue>
        <EOYFMV>2041</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherExpenses>
        <Description>STATE FILING FEES</Description>
        <RevenueAndExpensesPerBooks>62</RevenueAndExpensesPerBooks>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherProfessionalFees>
        <Category>INVESTMENT MANAGEMENT FEES</Category>
        <Amount>9178</Amount>
        <NetInvestmentIncome>9178</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <Taxes>
        <Category>TAXES ON INVESTMENT INCOME</Category>
        <Amount>1024</Amount>
      </Taxes>
      <Taxes>
        <Category>FOREIGN INCOME TAXES</Category>
        <Amount>523</Amount>
        <NetInvestmentIncome>523</NetInvestmentIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>