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          <DateAcquired>2010-07-01</DateAcquired>
          <DateSold>2011-05-04</DateSold>
          <GrossSalesPrice>12683</GrossSalesPrice>
          <CostOrOtherBasis>8500</CostOrOtherBasis>
          <GainOrLoss>4183</GainOrLoss>
          <GainsMinusExcessOrLosses>4183</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>9098</CapitalGainNetIncome>
        <NetShortTermCapitalGainOrLoss>6140</NetShortTermCapitalGainOrLoss>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>50000</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>324140</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.154254</DistributionRatioYear1>
        <QualifyingDistributionsYear2>50000</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>358327</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.139537</DistributionRatioYear2>
        <QualifyingDistributionsYear3>49675</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>370329</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.134137</DistributionRatioYear3>
        <QualifyingDistributionsYear4>100498</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>409500</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.245416</DistributionRatioYear4>
        <QualifyingDistributionsYear5>80861</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>482228</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.167682</DistributionRatioYear5>
        <TotalDistributionRatio>0.841026</TotalDistributionRatio>
        <AverageDistributionRatio>0.168205</AverageDistributionRatio>
        <NetNoncharitableAssets>857393</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>144218</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>272</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>144490</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>50000</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>544</InvestmentIncomeExciseTax>
        <Subtotal>544</Subtotal>
        <TaxBasedOnInvestmentIncome>544</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>0</EstTaxPaymentsAndOverpayment>
        <TaxPaidWithExtension>1000</TaxPaidWithExtension>
        <TotalCreditsAndPayments>1000</TotalCreditsAndPayments>
        <PenaltyForUnderpayment>15</PenaltyForUnderpayment>
        <Overpayment>441</Overpayment>
        <AmountCreditedToNextYear>441</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>false</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>NY</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>false</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>THEODORE D SANDS</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>9176028538</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>411 MULLBERRY POINT ROAD</AddressLine1>
          <City>GUILFORD</City>
          <State>CT</State>
          <ZIPCode>06437</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>true</ForeignBank>
        <NameOfForeignCountry>CA</NameOfForeignCountry>
      </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>
        <RelyingCurrNoticeDisasterAsst2>X</RelyingCurrNoticeDisasterAsst2>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>THEODORE SANDS</PersonName>
          <USAddress>
            <AddressLine1>411 MULBERRY POINT ROAD</AddressLine1>
            <City>GUILFORD</City>
            <State>CT</State>
            <ZIPCode>06437</ZIPCode>
          </USAddress>
          <Title>PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>15.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>CAROLINE HERRICK</PersonName>
          <USAddress>
            <AddressLine1>411 MULBERRY PT ROAD</AddressLine1>
            <City>GUILFORD</City>
            <State>CT</State>
            <ZIPCode>06437</ZIPCode>
          </USAddress>
          <Title>SECRETARY AND TREASURER</Title>
          <AvgHoursPerWkDevotedToPosition>15.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>CAROL SANDS</PersonName>
          <USAddress>
            <AddressLine1>411 MULBERRY PT ROAD</AddressLine1>
            <City>GUILFORD</City>
            <State>CT</State>
            <ZIPCode>06437</ZIPCode>
          </USAddress>
          <Title>VICE PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>10.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ALLISON SANDS</PersonName>
          <USAddress>
            <AddressLine1>411 MULBERRY PT ROAD</AddressLine1>
            <City>GUILFORD</City>
            <State>CT</State>
            <ZIPCode>06437</ZIPCode>
          </USAddress>
          <Title>VICE PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>10.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompensationOfHghstPaidCntrct>
          <BusinessName>
            <BusinessNameLine1>DELOITTE TAX</BusinessNameLine1>
          </BusinessName>
          <USAddress>
            <AddressLine1>2 WORLD FIN CTR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10281</ZIPCode>
          </USAddress>
          <TypeOfService>TAX</TypeOfService>
          <Compensation>3000</Compensation>
        </CompensationOfHghstPaidCntrct>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>NOT APPLICABLE</Description1>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <Description1>NONE</Description1>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>780000</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>90450</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>870450</TotalFMVOfUnusedAssets>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>870450</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>13057</CashDeemedCharitable>
        <NetNoncharitableAssets>857393</NetNoncharitableAssets>
        <MinimumInvestmentReturn>42870</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>42870</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>544</TaxBasedOnInvestmentIncome>
        <TotalTax>544</TotalTax>
        <DistributableAmountBeforeAdj>42326</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>42326</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>42326</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>50000</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <AmountsPaidAcqCharitableAssets>0</AmountsPaidAcqCharitableAssets>
        <AmountsSetAsideSuitabilityTest>0</AmountsSetAsideSuitabilityTest>
        <AmountsSetAsideCashDistriTest>0</AmountsSetAsideCashDistriTest>
        <QualifyingDistributions>50000</QualifyingDistributions>
        <AdjQualifyingDistributions>50000</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>42326</DistributableAmountAsAdjusted>
        <PriorYear1>2009</PriorYear1>
        <PriorYear2>2008</PriorYear2>
        <PriorYear3>2007</PriorYear3>
        <ExcessDistriCarryoverYear5>57528</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>81027</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>31809</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>32535</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>34908</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>237807</TotalExcessDistriCarryover>
        <QualifyingDistributions>50000</QualifyingDistributions>
        <AppliedToCurrentYear>42326</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>7674</RemainingDistriFromCorpus>
        <TotalCorpus>245481</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovFromYear5>57528</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>187953</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>81027</ExcessFromYear4>
        <ExcessFromYear3>31809</ExcessFromYear3>
        <ExcessFromYear2>32535</ExcessFromYear2>
        <ExcessFromYear1>34908</ExcessFromYear1>
        <ExcessFromCurrentYear>7674</ExcessFromCurrentYear>
      </UndistributedIncome>
      <PrivateOperatingFoundations />
      <SupplementaryInformation>
        <ContributingManager>THEODORE D SANDS</ContributingManager>
        <ShareholderManager>NA</ShareholderManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>YALE UNIVERSITY- DISCOVERY TO CURE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 2038</AddressLine1>
            <City>NEW HAVEN</City>
            <State>CT</State>
            <ZIPCode>065212038</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>SEC. 501 (C)(3) ORG.</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CANCER RESEARCH</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>50000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>9</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>20903</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>9098</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <OtherRevenueDescribed>
          <Description>MISC</Description>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>194</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>30204</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>30204</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="AccountingFeesSch">
      <AccountingFees>
        <Category>DELOITTE</Category>
        <Amount>3000</Amount>
        <NetInvestmentIncome>3000</NetInvestmentIncome>
        <AdjustedNetIncome>3000</AdjustedNetIncome>
      </AccountingFees>
    </AccountingFeesSchedule>
    <AllOthProgRltdInvestmentsSch documentId="AllOthProgInvSch">
      <AllOthProgRltdInvestments>
        <Description>NONE</Description>
      </AllOthProgRltdInvestments>
    </AllOthProgRltdInvestmentsSch>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorpStock>
        <NameOfStock>PIMCO EMERGING MKTS</NameOfStock>
        <EOYBookValue>5438</EOYBookValue>
        <EOYFMV>5438</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>CASTLEROCK FUND</NameOfStock>
        <EOYBookValue>543128</EOYBookValue>
        <EOYFMV>379256</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MANITOU -CANADIAN EQUITIES</NameOfStock>
        <EOYBookValue>410638</EOYBookValue>
        <EOYFMV>388345</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>NYS FORM CHAR003 FILING FEE</Description>
        <RevenueAndExpensesPerBooks>250</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MERRILL LYNCH FEE</Description>
        <RevenueAndExpensesPerBooks>157</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>NAT'L REGISTERED AGENTS INC</Description>
        <RevenueAndExpensesPerBooks>189</RevenueAndExpensesPerBooks>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncome>
        <Description>RBC DEXIA INVESTOR SERVICES</Description>
      </OtherIncome>
      <OtherIncome>
        <Description>MISC</Description>
        <RevenueAndExpensesPerBooks>194</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreases>
        <Description>PRIOR PERIOD ADJ</Description>
        <Amount>596</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>FOREIGN TAXES</Category>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>