﻿<?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>2012-08-14T12:48:05-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>REX BESSENT CPA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>205 N CENTER</AddressLine1>
        <City>BROWNWOOD</City>
        <State>TX</State>
        <ZIPCode>76801</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>756545874</EIN>
      <Name>
        <BusinessNameLine1>THE E P WOODRUFF CHARITABLE TRUST</BusinessNameLine1>
      </Name>
      <NameControl>EPWO</NameControl>
      <Phone>9156432621</Phone>
      <USAddress>
        <AddressLine1>309 N FISK AVE</AddressLine1>
        <City>BROWNWOOD</City>
        <State>TX</State>
        <ZIPCode>76801</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>DARRELL HAYNES</Name>
      <Title>TRUSTEE</Title>
      <Phone>9156432621</Phone>
      <DateSigned>2012-08-10</DateSigned>
    </Officer>
    <Preparer>
      <Name>REX BESSENT CPA</Name>
      <Phone>3256432621</Phone>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="14">
    <IRS990PF documentId="00000001" referenceDocumentName="ReasonableCauseExplanation GeneralExplanationAttachment">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>1456473</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>7026</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>7026</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>60529</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>59616</DividendsNetInvstIncm>
        <GrossRentsRevAndExpnss>6533</GrossRentsRevAndExpnss>
        <GrossRentsNetInvstIncm>6533</GrossRentsNetInvstIncm>
        <CapitalGainNetIncmNetInvstIncm>0</CapitalGainNetIncmNetInvstIncm>
        <OtherIncomeRevAndExpnss referenceDocumentId="00000011" referenceDocumentName="OtherIncomeSchedule2">1079</OtherIncomeRevAndExpnss>
        <OtherIncomeNetInvstIncm>1079</OtherIncomeNetInvstIncm>
        <TotalRevenueAndExpenses>75167</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>74254</TotalNetInvestmentIncome>
        <CompOfcrDirTrstRevAndExpnss>6000</CompOfcrDirTrstRevAndExpnss>
        <AccountingFeesRevAndExpnss referenceDocumentId="00000002" referenceDocumentName="AccountingFeesSchedule">2850</AccountingFeesRevAndExpnss>
        <OtherProfFeesRevAndExpnss referenceDocumentId="00000013" referenceDocumentName="OtherProfessionalFeesSchedule">2400</OtherProfFeesRevAndExpnss>
        <TaxesRevAndExpnss referenceDocumentId="00000014" referenceDocumentName="TaxesSchedule">344</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>344</TaxesNetInvstIncm>
        <OtherExpensesRevAndExpnss referenceDocumentId="00000010" referenceDocumentName="AmortizationSchedule OtherExpensesSchedule">1933</OtherExpensesRevAndExpnss>
        <TotOprExpensesRevAndExpnss>13527</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>344</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>0</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>55281</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>55281</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>68808</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>344</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>55281</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>6359</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>73910</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>5311</CashBOY>
        <CashEOY>3400</CashEOY>
        <CashEOYFMV>3400</CashEOYFMV>
        <SavingsAndTempCashInvstBOY>99960</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>111075</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>115101</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsGovtObligBOY>106005</InvestmentsGovtObligBOY>
        <InvestmentsGovtObligEOY referenceDocumentId="00000005" referenceDocumentName="InvestmentsGovtObligationsSchedule">106005</InvestmentsGovtObligEOY>
        <InvestmentsGovtObligEOYFMV>109636</InvestmentsGovtObligEOYFMV>
        <InvestmentsCorpStockBOY>626516</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="00000004" referenceDocumentName="InvestmentsCorpStockSchedule">610113</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>664805</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>473142</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="00000003" referenceDocumentName="InvestmentsCorpBondsSchedule">473141</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>498215</InvestmentsCorpBondsEOYFMV>
        <InvestmentsOtherBOY>29555</InvestmentsOtherBOY>
        <InvestmentsOtherEOY referenceDocumentId="00000006" referenceDocumentName="InvestmentsOtherSchedule2">49452</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>61472</InvestmentsOtherEOYFMV>
        <OtherAssetsBOY referenceDocumentId="00000007" referenceDocumentName="OtherAssetsSchedule">3617</OtherAssetsBOY>
        <OtherAssetsEOY referenceDocumentId="00000008" referenceDocumentName="OtherAssetsSchedule">3844</OtherAssetsEOY>
        <OtherAssetsEOYFMV referenceDocumentId="00000009" referenceDocumentName="OtherAssetsSchedule">3844</OtherAssetsEOYFMV>
        <TotalAssetsBOY>1344106</TotalAssetsBOY>
        <TotalAssetsEOY>1357030</TotalAssetsEOY>
        <TotalAssetsEOYFMV>1456473</TotalAssetsEOYFMV>
        <DeferredRevenueBOY>197</DeferredRevenueBOY>
        <TotalLiabilitiesBOY>197</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <PaidInOrCapitalSurplusBOY>1257153</PaidInOrCapitalSurplusBOY>
        <RetainedEarningsBOY>86756</RetainedEarningsBOY>
        <RetainedEarningsEOY>1357030</RetainedEarningsEOY>
        <TotalNetAssetsBOY>1343909</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>1357030</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>1344106</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>1357030</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>1343909</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>6359</ExcessOfRevenueOverExpenses>
        <OtherIncreases referenceDocumentId="00000012" referenceDocumentName="OtherIncreasesSchedule">6762</OtherIncreases>
        <Subtotal>1357030</Subtotal>
        <TotalNetAssetsFundBalancesEOY>1357030</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>73227</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>1380711</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.053036</DistributionRatioYear1>
        <QualifyingDistributionsYear2>44709</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>1228381</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.036397</DistributionRatioYear2>
        <QualifyingDistributionsYear3>51062</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>1214302</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.042051</DistributionRatioYear3>
        <QualifyingDistributionsYear4>57485</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>1326768</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.043327</DistributionRatioYear4>
        <QualifyingDistributionsYear5>59816</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>1318277</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.045374</DistributionRatioYear5>
        <TotalDistributionRatio>0.220185</TotalDistributionRatio>
        <AverageDistributionRatio>0.044037</AverageDistributionRatio>
        <NetNoncharitableAssets>1407668</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>61989</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>739</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>62728</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>55281</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>1478</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>1478</Subtotal>
        <TaxBasedOnInvestmentIncome>1478</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>239</EstTaxPaymentsAndOverpayment>
        <BackupWithholdingWithheld>1288</BackupWithholdingWithheld>
        <TotalCreditsAndPayments>1527</TotalCreditsAndPayments>
        <OriginalReturnOverpayment>-1527</OriginalReturnOverpayment>
        <Overpayment>49</Overpayment>
        <AmountCreditedToNextYear>49</AmountCreditedToNextYear>
      </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>
        <StatesFiledWith>TX</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>false</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfPersonName>DARRELL E HAYNES</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>3256462821</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>309 N FISK AVE</AddressLine1>
          <City>BROWNWOOD</City>
          <State>TX</State>
          <ZIPCode>76801</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>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>DARRELL E HAYNES</PersonName>
          <USAddress>
            <AddressLine1>309 N FISK</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1200</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>WILLIAM G SHAW</PersonName>
          <USAddress>
            <AddressLine1>P O BOX 819</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76804</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>900</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ROWLAND WINN</PersonName>
          <USAddress>
            <AddressLine1>2110 ELIZABETH DR</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1200</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>PRISCILLA MONSON</PersonName>
          <USAddress>
            <AddressLine1>4651 HWY 377 S</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1200</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ROBERT PORTER</PersonName>
          <USAddress>
            <AddressLine1>P O BOX 1403</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76804</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1500</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JUDY SNOW</PersonName>
          <USAddress>
            <AddressLine1>309 N FISK AVE</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </USAddress>
          <Title>SECRETARY</Title>
          <AvgHoursPerWkDevotedToPosition>12.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2400</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>1421019</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>4355</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>3731</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>1429105</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>1429105</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>21437</CashDeemedCharitable>
        <NetNoncharitableAssets>1407668</NetNoncharitableAssets>
        <MinimumInvestmentReturn>70383</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>70383</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>1478</TaxBasedOnInvestmentIncome>
        <TotalTax>1478</TotalTax>
        <DistributableAmountBeforeAdj>68905</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>68905</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>68905</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>55281</ExpensesAndContributions>
        <QualifyingDistributions>55281</QualifyingDistributions>
        <AdjQualifyingDistributions>55281</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>68905</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>55266</UndistributedIncomePriorYear>
        <ExcessDistriCarryoverYear3>1</ExcessDistriCarryoverYear3>
        <TotalExcessDistriCarryover>1</TotalExcessDistriCarryover>
        <QualifyingDistributions>55281</QualifyingDistributions>
        <AppliedToYear1>55266</AppliedToYear1>
        <RemainingDistriFromCorpus>15</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>15</ExcessDistriCyovAppCYCorpus>
        <TotalCorpus>1</TotalCorpus>
        <UndistributedIncomeCY>68905</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>1</ExcessDistriCyovToNextYear>
        <ExcessFromCurrentYear>1</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>NONE</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <AppicationSubmissionInfo>
          <RecipientName>DARRELL E HAYNES TRUSTEE</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>309 N FISK AVE</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>3256462821</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>SEE EXHIBIT A</FormAndInfoAndMaterials>
          <SubmissionDeadlines>NONE</SubmissionDeadlines>
          <RestrictionsOnAwards>ALL AWARDS ARE RESTRICTED TO STATE OF TEXAS</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BOYS &amp; GIRLS CLUB</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 488</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>FOR CHILDREN INASSIST ACTIVITIESBROWNCOUNTY</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BLANKET COMMUNITY SERVICE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>901 PITTS LAND</AddressLine1>
            <City>BLANKET</City>
            <State>TX</State>
            <ZIPCode>76432</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>WITH FOOD, UTILITIESTO ASSIST NEEDY PEOPLEAND OTHER NECESSITIES</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ALDERSGATE ENRICHEMNT CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5000 E HWY 84-183 PO BOX 1406</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>PROGRAMS FOR NEEDYPROVIDE WORKFAMILIES, ETC.</PurposeOfGrantOrContribution>
          <Amount>8750</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MAY SOCIAL CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1</AddressLine1>
            <City>MAY</City>
            <State>TX</State>
            <ZIPCode>76857</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>BUILDING A NEW SEPTICTO ASSIST WITHSYSTEM AT CENTER</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BROWNWOOD ART ASSOC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 782</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76804</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>OF ART BUILDINGTO CONTINUE RENOVATION</PurposeOfGrantOrContribution>
          <Amount>3400</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GREENLEAF CEMENTARY ASSOCIATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2701 HWY 377 SOUTH</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CEMETERY MTCEHELP WITH NORMALAND OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>3631</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PEARL GRIFFIN MEMORIAL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>LATCH KEY ASSOCIATION</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHILDREN WITH LEARNINGASSIST UNDERPRIVILEDGESKILLS AND ABILITIES</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BIG BROTHERS BIG SISTERS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>901 AVE B</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHILDRENS PROGRAMSTO ASSIST WITH</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BROWNWOOD ISD</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2707 SOUTHGATE</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>AT WOODLAND HTSTUTORING PROGRAMELEMENTARY</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CARING TOUCH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>317 BROWN</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501c3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>PRESCRIPTIONS FORASSIST WITH MEDICALPEOPLE IN BROWN CO</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <Amount>0</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MEALS ON WHEELS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>121 COVE CIRCLE</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501C3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO HOMEBOUNDPROVIDE MEALSPEOPLE</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CENTRAL TEXAS PREGNANCY CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2222 HWY 377 S 5</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501C3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO FAMILIES FACINGPROVIDE COUNSELINGUNEXPECTED PREGNANCIES</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <Amount>0</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <Amount>0</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CENTEX SOCCOR</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>CITY OF BWD 501 CENTER</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501C3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ACTIVITIES FORTO PROVIDE SPORTSBROWN CO YOUTH</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SALVATION ARMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>405 LAKEWAY</AddressLine1>
            <City>BROWNWOOD</City>
            <State>TX</State>
            <ZIPCode>76801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501C3</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>FOR NEEDY PEOPLETO PROVIDE MEALSIN BROWN COUNTY</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>55281</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>7026</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>60529</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>6533</ExclusionAmount>
        </NetRntlIncmReNotDebtFincdProp>
        <SubtotalsPartXVIA>
          <ExclusionAmount>74088</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>74088</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>
    <AccountingFeesSchedule documentId="00000002">
      <AccountingFees>
        <Category>REX BESSENT, CPA PREPAIR 990PF TAX RETURN</Category>
        <Amount>750</Amount>
      </AccountingFees>
      <AccountingFees>
        <Category>REX BESSENT, CPA POSTING JAN., 2008 FINANCIAL STMTS</Category>
        <Amount>2100</Amount>
      </AccountingFees>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="00000003">
      <InvestmentsCorpBonds>
        <NameOfBond>GMAC SMARTNOTES</NameOfBond>
        <EOYBookValue>100000</EOYBookValue>
        <EOYFMV>81708</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>HOME DEPOT SENIOR NOTE</NameOfBond>
        <EOYBookValue>10601</EOYBookValue>
        <EOYFMV>16289</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>VIRGINIA ELECT &amp; PWR SR NOTE</NameOfBond>
        <EOYBookValue>22722</EOYBookValue>
        <EOYFMV>28812</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>ASTRAZENECA PLC NOTE</NameOfBond>
        <EOYBookValue>38773</EOYBookValue>
        <EOYFMV>48316</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>DUKE ENERGY 1ST MORTGAGE</NameOfBond>
        <EOYBookValue>24217</EOYBookValue>
        <EOYFMV>28455</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>BEAR STEARNS INCOMENTS</NameOfBond>
        <EOYBookValue>50000</EOYBookValue>
        <EOYFMV>51886</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GE CAPITAL CORP INTERNOTES</NameOfBond>
        <EOYBookValue>50000</EOYBookValue>
        <EOYFMV>50989</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>JP MORGAN CHASE SR NOTE</NameOfBond>
        <EOYBookValue>19733</EOYBookValue>
        <EOYFMV>20908</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>CREDIT SUISSE</NameOfBond>
        <EOYBookValue>20751</EOYBookValue>
        <EOYFMV>20036</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>WELLS FARGO</NameOfBond>
        <EOYBookValue>18633</EOYBookValue>
        <EOYFMV>20992</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>LOWES COS INC NOTES</NameOfBond>
        <EOYBookValue>75815</EOYBookValue>
        <EOYFMV>86687</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>DUKE ENERGY</NameOfBond>
        <EOYBookValue>20777</EOYBookValue>
        <EOYFMV>22066</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>KRAFT</NameOfBond>
        <EOYBookValue>21119</EOYBookValue>
        <EOYFMV>21071</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="00000004">
      <InvestmentsCorpStock>
        <NameOfStock>1036 SH FIDELTY PURITAN INV MUTUAL FUND</NameOfStock>
        <EOYBookValue>19711</EOYBookValue>
        <EOYFMV>18323</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4490 SH VANGUARD S/T FED</NameOfStock>
        <EOYBookValue>48725</EOYBookValue>
        <EOYFMV>49327</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>VANGUARD L/T FIXED INCOME L/T CORP</NameOfStock>
        <EOYBookValue>22479</EOYBookValue>
        <EOYFMV>25299</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1965 SH VANGUARD L/T TAX EXEMPT</NameOfStock>
        <EOYBookValue>21892</EOYBookValue>
        <EOYFMV>22264</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1357.964 SH VANGUARD/WELLESLEY INCOME FUND ADMIRAL</NameOfStock>
        <EOYBookValue>72397</EOYBookValue>
        <EOYFMV>75449</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>16,209 SH LORD ABBETT SHORT DURATION</NameOfStock>
        <EOYBookValue>75000</EOYBookValue>
        <EOYFMV>74511</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>866 SH VODAFONE GROUP PLC ADR</NameOfStock>
        <EOYBookValue>19794</EOYBookValue>
        <EOYFMV>27761</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>VERIZON COMM</NameOfStock>
        <EOYBookValue>23356</EOYBookValue>
        <EOYFMV>30090</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>FRONTIER COMM</NameOfStock>
        <EOYBookValue>1574</EOYBookValue>
        <EOYFMV>927</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>VODAFONE GROUP</NameOfStock>
        <EOYBookValue>25012</EOYBookValue>
        <EOYFMV>24274</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>REALTY INCOME CORP</NameOfStock>
        <EOYBookValue>25000</EOYBookValue>
        <EOYFMV>24577</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>PFIZER INC</NameOfStock>
        <EOYBookValue>24999</EOYBookValue>
        <EOYFMV>30621</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>DUKE ENERGY</NameOfStock>
        <EOYBookValue>25001</EOYBookValue>
        <EOYFMV>29260</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>CITIGROUP</NameOfStock>
        <EOYBookValue>7424</EOYBookValue>
        <EOYFMV>4420</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>NSTAR</NameOfStock>
        <EOYBookValue>32991</EOYBookValue>
        <EOYFMV>42687</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>CONOCO PHILLIPS</NameOfStock>
        <EOYBookValue>32983</EOYBookValue>
        <EOYFMV>44742</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>BP PLC</NameOfStock>
        <EOYBookValue>32978</EOYBookValue>
        <EOYFMV>23507</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SYSCO</NameOfStock>
        <EOYBookValue>19798</EOYBookValue>
        <EOYFMV>22555</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>ROYAL DUCH SHELL</NameOfStock>
        <EOYBookValue>19760</EOYBookValue>
        <EOYFMV>25655</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>A T &amp; T</NameOfStock>
        <EOYBookValue>19713</EOYBookValue>
        <EOYFMV>22952</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>KIMBERLY CLARK</NameOfStock>
        <EOYBookValue>19791</EOYBookValue>
        <EOYFMV>24422</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>JOHNSON &amp; JOHNSON</NameOfStock>
        <EOYBookValue>19735</EOYBookValue>
        <EOYFMV>21182</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="00000005">
      <USGovtSecuritiesEOYBookValue>106005</USGovtSecuritiesEOYBookValue>
      <USGovtSecuritiesEOYFMV>109636</USGovtSecuritiesEOYFMV>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="00000006">
      <InvestmentsOther>
        <CategoryOrItem>NOTE RECEIVABLE - HUSBAND</CategoryOrItem>
        <BookValue>1457</BookValue>
        <EOYFMV>1457</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>NOTE RECEIVABLE - FRITZ SPECK</CategoryOrItem>
        <BookValue>23486</BookValue>
        <EOYFMV>23486</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>KINDER MORGAN PTR</CategoryOrItem>
        <BookValue>24509</BookValue>
        <EOYFMV>36529</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="00000007">
      <OtherAssets>
        <Description>0.0625 OVERIDING ROYALTY INT IN 160 AC</Description>
        <BOYBookValue>1110</BOYBookValue>
        <EOYBookValue>1110</EOYBookValue>
        <EOYFMV>1110</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>0.0625 OVERIDING ROYALTY INT IN 80 AC</Description>
        <BOYBookValue>530</BOYBookValue>
        <EOYBookValue>530</EOYBookValue>
        <EOYFMV>530</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>0.046875 OVERIDING ROYALTY INT IN 40 AC</Description>
        <BOYBookValue>200</BOYBookValue>
        <EOYBookValue>200</EOYBookValue>
        <EOYFMV>200</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>1/8-142 ACRES MINERAL INTEREST</Description>
        <BOYBookValue>250</BOYBookValue>
        <EOYBookValue>250</EOYBookValue>
        <EOYFMV>250</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>DIVIDENDS RECEIVABLE</Description>
        <EOYBookValue>227</EOYBookValue>
        <EOYFMV>227</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>EXCISE TAX ESTIMATES</Description>
        <BOYBookValue>1527</BOYBookValue>
        <EOYBookValue>1527</EOYBookValue>
        <EOYFMV>1527</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000008">
      <OtherAssets>
        <Description>0.0625 OVERIDING ROYALTY INT IN 160 AC</Description>
        <BOYBookValue>1110</BOYBookValue>
        <EOYBookValue>1110</EOYBookValue>
        <EOYFMV>1110</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>0.0625 OVERIDING ROYALTY INT IN 80 AC</Description>
        <BOYBookValue>530</BOYBookValue>
        <EOYBookValue>530</EOYBookValue>
        <EOYFMV>530</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>0.046875 OVERIDING ROYALTY INT IN 40 AC</Description>
        <BOYBookValue>200</BOYBookValue>
        <EOYBookValue>200</EOYBookValue>
        <EOYFMV>200</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>1/8-142 ACRES MINERAL INTEREST</Description>
        <BOYBookValue>250</BOYBookValue>
        <EOYBookValue>250</EOYBookValue>
        <EOYFMV>250</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>DIVIDENDS RECEIVABLE</Description>
        <EOYBookValue>227</EOYBookValue>
        <EOYFMV>227</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>EXCISE TAX ESTIMATES</Description>
        <BOYBookValue>1527</BOYBookValue>
        <EOYBookValue>1527</EOYBookValue>
        <EOYFMV>1527</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000009">
      <OtherAssets>
        <Description>0.0625 OVERIDING ROYALTY INT IN 160 AC</Description>
        <BOYBookValue>1110</BOYBookValue>
        <EOYBookValue>1110</EOYBookValue>
        <EOYFMV>1110</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>0.0625 OVERIDING ROYALTY INT IN 80 AC</Description>
        <BOYBookValue>530</BOYBookValue>
        <EOYBookValue>530</EOYBookValue>
        <EOYFMV>530</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>0.046875 OVERIDING ROYALTY INT IN 40 AC</Description>
        <BOYBookValue>200</BOYBookValue>
        <EOYBookValue>200</EOYBookValue>
        <EOYFMV>200</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>1/8-142 ACRES MINERAL INTEREST</Description>
        <BOYBookValue>250</BOYBookValue>
        <EOYBookValue>250</EOYBookValue>
        <EOYFMV>250</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>DIVIDENDS RECEIVABLE</Description>
        <EOYBookValue>227</EOYBookValue>
        <EOYFMV>227</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>EXCISE TAX ESTIMATES</Description>
        <BOYBookValue>1527</BOYBookValue>
        <EOYBookValue>1527</EOYBookValue>
        <EOYFMV>1527</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="00000010">
      <OtherExpenses>
        <Description>BANK CHARGES</Description>
        <RevenueAndExpensesPerBooks>75</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INVESTMENT MGMT FEES</Description>
        <RevenueAndExpensesPerBooks>71</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INSURANCE</Description>
        <RevenueAndExpensesPerBooks>1350</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OFFICE SUPPLIES</Description>
        <RevenueAndExpensesPerBooks>266</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISC</Description>
        <RevenueAndExpensesPerBooks>171</RevenueAndExpensesPerBooks>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="00000011">
      <OtherIncome>
        <Description>ROYALTY INCOME</Description>
        <RevenueAndExpensesPerBooks>1079</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1079</NetInvestmentIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="00000012">
      <OtherIncreases>
        <Description>ADDITIONAL STOCK FOUND</Description>
        <Amount>6762</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="00000013">
      <OtherProfessionalFees>
        <Category>JUDY SNOW CLERICAL</Category>
        <Amount>2400</Amount>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="00000014">
      <Taxes>
        <Category>ROYALTY PROPERTY TAXES</Category>
        <Amount>84</Amount>
        <NetInvestmentIncome>84</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAXES</Category>
        <Amount>177</Amount>
        <NetInvestmentIncome>177</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>SEVERANCE TAXES</Category>
        <Amount>83</Amount>
        <NetInvestmentIncome>83</NetInvestmentIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>