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          <FormAndInfoAndMaterials>APPLICANT'S NAME, HOME ADDRESS AND TELEPHONE NUMBER. THE FINANCIAL ESIIMATE FOR THE FULL SCHOOL YEAR ALONG WITH FINANCIAL ASSISTANCE ANTICIPATED MUST ALSO BE SUBMITTED.</FormAndInfoAndMaterials>
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            <City>FORT PLAIN</City>
            <State>NY</State>
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        <NetInvestmentIncome>6667</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <DistributionFromCorpusElection documentId="RetDoc12000100084">
      <Election>THE TAXPAYER HEREBY ELECTS UNDER REGULATIONS SECTION 53.4942(A)-3(D)(2) TO APPLY ALL OF THE REMAINING QUALIFYING DISTRIBUTIONS TO CORPUS.</Election>
    </DistributionFromCorpusElection>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2213400001">
      <GainLossSaleOtherAsset>
        <Name>4522.613 SH PIMCO FOREIGN BOND FD</Name>
        <DateAcquired>2010-04</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>48482</GrossSalesPrice>
        <Basis>45000</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>3482</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>100 SH NOVO-NORDISK A-S ADR F</Name>
        <DateAcquired>2008-02</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>12416</GrossSalesPrice>
        <Basis>6393</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>6023</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>1250 SH US TREAS BONDS</Name>
        <DateAcquired>1996-01</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>155020</GrossSalesPrice>
        <Basis>136367</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>18653</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>50 SH NOVO-NORDISK A-S ADR F</Name>
        <DateAcquired>2008-02</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>6208</GrossSalesPrice>
        <Basis>3196</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>3012</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>800 SH CONAGRA FOODS</Name>
        <DateAcquired>2009-05</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>18602</GrossSalesPrice>
        <Basis>14160</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>4442</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>150 SH JOHNSON &amp; JOHNSON</Name>
        <DateAcquired>1999-04</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>8883</GrossSalesPrice>
        <Basis>2761</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>6122</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>100 SH EXPRESS SCRIPTS</Name>
        <DateAcquired>2008-02</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>5226</GrossSalesPrice>
        <Basis>3123</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>2103</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>100 SH EXPRESS SCRIPTS</Name>
        <DateAcquired>2008-02</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>5226</GrossSalesPrice>
        <Basis>3123</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>2103</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>350 SH EXPRESS SCRIPTS</Name>
        <DateAcquired>2008-02</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>18289</GrossSalesPrice>
        <Basis>10929</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>7360</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>100 SH EXPRESS SCRIPTS</Name>
        <DateAcquired>2008-02</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>5225</GrossSalesPrice>
        <Basis>3122</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>2103</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>100 SH ABBOTT LABS</Name>
        <DateAcquired>2008-10</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>4815</GrossSalesPrice>
        <Basis>5405</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>-590</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>100 SH ABBOTT LABS</Name>
        <DateAcquired>2008-10</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>4815</GrossSalesPrice>
        <Basis>5405</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>-590</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>100 SH ABBOTT LABS</Name>
        <DateAcquired>2008-10</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>4815</GrossSalesPrice>
        <Basis>5405</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>-590</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>300 SH UNITED TECHNOLOGIES</Name>
        <DateAcquired>2004-04</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>24277</GrossSalesPrice>
        <Basis>13426</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>10851</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>300 SH QUEST DIAGNOSTIC</Name>
        <DateAcquired>2009-05</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>16988</GrossSalesPrice>
        <Basis>15148</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>1840</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>720 SH ISHARES TR GS INVESTOP</Name>
        <DateAcquired>2009-02</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>78394</GrossSalesPrice>
        <Basis>70538</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>7856</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>100 SH ISHARES TR GS INVESTOP</Name>
        <DateAcquired>2009-02</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>10888</GrossSalesPrice>
        <Basis>9797</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>1091</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>100 SH ISHARES TR GS INVESTOP</Name>
        <DateAcquired>2009-02</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-03</DateSold>
        <GrossSalesPrice>10888</GrossSalesPrice>
        <Basis>9797</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>1091</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>200 SH TJX COS</Name>
        <DateAcquired>2009-05</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-07</DateSold>
        <GrossSalesPrice>11076</GrossSalesPrice>
        <Basis>5520</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>5556</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>213 SH CONOCO PHILLIPS</Name>
        <DateAcquired>2010-06</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-07</DateSold>
        <GrossSalesPrice>15994</GrossSalesPrice>
        <Basis>11497</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>4497</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>566.57 SH GABELLI SMALL CAP GROWTH</Name>
        <DateAcquired>2009-08</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-07</DateSold>
        <GrossSalesPrice>20334</GrossSalesPrice>
        <Basis>13796</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>6538</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>43 SH CONOCO PHILLIPS</Name>
        <DateAcquired>2010-06</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-07</DateSold>
        <GrossSalesPrice>3229</GrossSalesPrice>
        <Basis>2321</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>908</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>430 SH GABELLI SMALL CAP GROWTH</Name>
        <DateAcquired>2009-08</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-12</DateSold>
        <GrossSalesPrice>13528</GrossSalesPrice>
        <Basis>10471</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>3057</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>150 SH ANADARKO PETROLEUM</Name>
        <DateAcquired>2009-02</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-12</DateSold>
        <GrossSalesPrice>11156</GrossSalesPrice>
        <Basis>6347</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>4809</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>150 SH ACCENTURE PLC CLA</Name>
        <DateAcquired>2004-09</DateAcquired>
        <HowAcquired>PURCHASED</HowAcquired>
        <DateSold>2011-12</DateSold>
        <GrossSalesPrice>7728</GrossSalesPrice>
        <Basis>3870</Basis>
        <SalesExpense>0</SalesExpense>
        <TotalNet>3858</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorpBonds>
        <NameOfBond>CHARLES SCHWAB</NameOfBond>
        <EOYBookValue>528336</EOYBookValue>
        <EOYFMV>544676</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>CHARLES SCHWAB</NameOfStock>
        <EOYBookValue>1562314</EOYBookValue>
        <EOYFMV>1849609</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtSecuritiesEOYBookValue>283329</USGovtSecuritiesEOYBookValue>
      <USGovtSecuritiesEOYFMV>294483</USGovtSecuritiesEOYFMV>
      <StateLocalSecuritiesEOYBookVal>0</StateLocalSecuritiesEOYBookVal>
      <StateLocalSecuritiesEOYFMV>0</StateLocalSecuritiesEOYFMV>
    </InvestmentsGovtObligationsSch>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>OFFICE EXPENSE</Description>
        <RevenueAndExpensesPerBooks>599</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>599</NetInvestmentIncome>
        <DisbursementsCharitablePrps>599</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncome>
        <Description>CLASS ACTION SUIT</Description>
        <RevenueAndExpensesPerBooks>842</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>842</NetInvestmentIncome>
        <AdjustedNetIncome>842</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreases>
        <Description>RECOVERY OF PRIOR YEAR QUALIFYING DISTRIBUTION</Description>
        <Amount>4600</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFees>
        <Category>CHARLES SCHWAB</Category>
        <Amount>16707</Amount>
        <NetInvestmentIncome>16707</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>FEDERAL EXCISE TAX</Category>
        <Amount>1790</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>NEW YORK STATE FILING FEE</Category>
        <Amount>250</Amount>
        <NetInvestmentIncome>250</NetInvestmentIncome>
        <DisbursementsCharitablePrps>250</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAX</Category>
        <Amount>672</Amount>
        <NetInvestmentIncome>672</NetInvestmentIncome>
        <DisbursementsCharitablePrps>672</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>