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          <DateAcquired>2009-12-18</DateAcquired>
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          <DescriptionOfAsset>19 PRAXAIR INC</DescriptionOfAsset>
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          <DateAcquired>2009-10-09</DateAcquired>
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          <DescriptionOfAsset>20 PRAXAIR INC</DescriptionOfAsset>
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          <DateAcquired>2009-03-02</DateAcquired>
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          <DescriptionOfAsset>5 PRAXAIR INC</DescriptionOfAsset>
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          <DateAcquired>2009-01-26</DateAcquired>
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          <DescriptionOfAsset>145 PIONEER NATL RES COMPANY RESOURCES COMPANY</DescriptionOfAsset>
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          <DateAcquired>2011-02-22</DateAcquired>
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          <DescriptionOfAsset>241 PEABODY ENERGY CORP</DescriptionOfAsset>
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          <DateAcquired>2011-08-30</DateAcquired>
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          <DescriptionOfAsset>447 NOVARTIS AG SPONS ADR SPONSORED ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>217 NORDSON CORP</DescriptionOfAsset>
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          <DateAcquired>2011-06-24</DateAcquired>
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          <DescriptionOfAsset>125 NIKE INC CLASS B</DescriptionOfAsset>
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          <DescriptionOfAsset>31 NIKE INC CLASS B</DescriptionOfAsset>
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          <DescriptionOfAsset>41 NIKE INC CLASS B</DescriptionOfAsset>
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          <DescriptionOfAsset>337 HESS CORP</DescriptionOfAsset>
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          <DescriptionOfAsset>34 HERBALIFE LIMITED USD COMMON SHARES</DescriptionOfAsset>
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          <DescriptionOfAsset>12 GOOGLE INC CL A</DescriptionOfAsset>
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          <DateAcquired>2010-05-20</DateAcquired>
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          <DescriptionOfAsset>74 GOLDMAN SACHS GROUP INC</DescriptionOfAsset>
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          <DescriptionOfAsset>559 FREEPORT MCMRN COP &amp; GLD &amp; GOLD</DescriptionOfAsset>
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          <DescriptionOfAsset>512 FORD MOTOR COMPANY NEW</DescriptionOfAsset>
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          <DescriptionOfAsset>77 FLOWSERVE CORP</DescriptionOfAsset>
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          <DateAcquired>2010-05-28</DateAcquired>
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          <DescriptionOfAsset>9 FLOWSERVE CORP</DescriptionOfAsset>
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          <DescriptionOfAsset>45 EXPRESS SCRIPTS INC</DescriptionOfAsset>
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          <DescriptionOfAsset>11 APPLE INC</DescriptionOfAsset>
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          <DescriptionOfAsset>23 APPLE INC</DescriptionOfAsset>
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          <DescriptionOfAsset>12 APPLE INC</DescriptionOfAsset>
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          <DescriptionOfAsset>292 AMPHENOL CORP CL A NEW CLASS A NEW</DescriptionOfAsset>
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          <DescriptionOfAsset>234 AMPHENOL CORP CL A NEW CLASS A NEW</DescriptionOfAsset>
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          <DescriptionOfAsset>46 AMERN TOWER CORP CL A CL A</DescriptionOfAsset>
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          <DescriptionOfAsset>225 AMERN TOWER CORP CL A CL A</DescriptionOfAsset>
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          <DateAcquired>2011-01-07</DateAcquired>
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          <DescriptionOfAsset>642 ALTERA CORP</DescriptionOfAsset>
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          <DescriptionOfAsset>80 ALTERA CORP</DescriptionOfAsset>
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          <DescriptionOfAsset>89 ALLERGAN INC</DescriptionOfAsset>
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          <DateAcquired>2011-01-07</DateAcquired>
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          <DescriptionOfAsset>112 ALLERGAN INC</DescriptionOfAsset>
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          <DescriptionOfAsset>42 ALLERGAN INC</DescriptionOfAsset>
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          <DescriptionOfAsset>44 ALLERGAN INC</DescriptionOfAsset>
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          <DateAcquired>2009-12-18</DateAcquired>
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          <DescriptionOfAsset>219 ALLERGAN INC</DescriptionOfAsset>
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          <DateAcquired>2009-10-09</DateAcquired>
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          <DescriptionOfAsset>67 3M COMPANY</DescriptionOfAsset>
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          <DateAcquired>2011-01-07</DateAcquired>
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          <DescriptionOfAsset>98 3M COMPANY</DescriptionOfAsset>
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          <DateAcquired>2010-07-13</DateAcquired>
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          <DescriptionOfAsset>39 3M COMPANY</DescriptionOfAsset>
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          <DateAcquired>2010-05-20</DateAcquired>
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          <DescriptionOfAsset>115 3M COMPANY</DescriptionOfAsset>
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          <DateAcquired>2010-05-04</DateAcquired>
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          <DescriptionOfAsset>80 MAGELLAN MDSTM UT REP LP PARTNERS UNIT REPSTG LP INT</DescriptionOfAsset>
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          <DateAcquired>2011-01-07</DateAcquired>
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          <DescriptionOfAsset>215 MAGELLAN MDSTM UT REP LP PARTNERS UNIT REPSTG LP INT</DescriptionOfAsset>
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          <DescriptionOfAsset>12 WESCO FINANCIAL CORP</DescriptionOfAsset>
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          <DateAcquired>2010-05-20</DateAcquired>
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          <DescriptionOfAsset>2 WESCO FINANCIAL CORP</DescriptionOfAsset>
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          <DescriptionOfAsset>348 QLT INC</DescriptionOfAsset>
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          <DescriptionOfAsset>101 OWENS &amp; MINOR INC HLDGS HOLDING COMPANY</DescriptionOfAsset>
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          <DescriptionOfAsset>8 CONSTELLATION BRANDS A INC CL A</DescriptionOfAsset>
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          <DescriptionOfAsset>150 CAPELLA EDUCATION CO COMPANY</DescriptionOfAsset>
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          <DescriptionOfAsset>0.64 ALLEGHANY CORP DE</DescriptionOfAsset>
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          <DescriptionOfAsset>67 ALBEMARLE CORP</DescriptionOfAsset>
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          <DescriptionOfAsset>351 WYNN RESORTS LIMITED</DescriptionOfAsset>
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          <DescriptionOfAsset>117 WYNN RESORTS LIMITED</DescriptionOfAsset>
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          <DescriptionOfAsset>156 WYNN RESORTS LIMITED</DescriptionOfAsset>
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          <DescriptionOfAsset>906 WHITING PETRO CORP NEW CORP NEW</DescriptionOfAsset>
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          <DescriptionOfAsset>601 VMWARE INC CLASS A</DescriptionOfAsset>
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          <DescriptionOfAsset>1,915 VALE S A ADR</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,236 UNITEDHEALTH GROUP INC</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>684 UNION PACIFIC CORP</DescriptionOfAsset>
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          <DateAcquired>2011-04-29</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,192 TERADATA CORP DEL</DescriptionOfAsset>
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          <DateAcquired>2011-07-21</DateAcquired>
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          <DescriptionOfAsset>2,172 TATA MOTORS LTD SPNS ADR SPONS ADR</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-12-07</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,711 SKYWORKS SOLUTIONS INC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-01-26</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>493 SALESFORCE.COM INC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-01-04</DateAcquired>
          <DateSold>2011-04-05</DateSold>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,089 ROVI CORP</DescriptionOfAsset>
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          <DateAcquired>2011-02-01</DateAcquired>
          <DateSold>2011-02-28</DateSold>
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          <DescriptionOfAsset>112 PRICELINE.COM INC NEW</DescriptionOfAsset>
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          <DateAcquired>2011-09-08</DateAcquired>
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          <DescriptionOfAsset>120 PRICELINE.COM INC NEW</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-01-27</DateAcquired>
          <DateSold>2011-06-20</DateSold>
          <GrossSalesPrice>55029</GrossSalesPrice>
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          <DescriptionOfAsset>39 PRICELINE.COM INC NEW</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,137 POTASH CORP SASK INC OF SASKATCHEWAN INC</DescriptionOfAsset>
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          <DateAcquired>2011-02-25</DateAcquired>
          <DateSold>2011-05-20</DateSold>
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          <DescriptionOfAsset>1,108 PEABODY ENERGY CORP</DescriptionOfAsset>
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          <DateAcquired>2011-01-26</DateAcquired>
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          <DescriptionOfAsset>243 NETFLIX INC</DescriptionOfAsset>
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          <DateAcquired>2011-02-28</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>81 NETFLIX INC</DescriptionOfAsset>
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          <DateAcquired>2011-02-28</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,108 NETAPP INC</DescriptionOfAsset>
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          <DateAcquired>2010-12-29</DateAcquired>
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          <DescriptionOfAsset>895 NATIONAL OILWELL VARCO VARCO INC</DescriptionOfAsset>
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          <DescriptionOfAsset>3,852 METROPCS COMMUNICATIONS INC</DescriptionOfAsset>
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          <DescriptionOfAsset>977 MAGNA INTL INC CLASS A CLASS A</DescriptionOfAsset>
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          <DescriptionOfAsset>1,154 LULULEMON ATHLETICA INC</DescriptionOfAsset>
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          <DateSold>2011-08-04</DateSold>
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          <DescriptionOfAsset>1,284 CAPITAL ONE FINL CORP FINANCIAL CORP</DescriptionOfAsset>
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          <DateSold>2011-06-15</DateSold>
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          <CostOrOtherBasis>70402</CostOrOtherBasis>
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          <DescriptionOfAsset>899 CANADIAN NATL RAILWAY CO RAILWAY COMPANY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-11-23</DateAcquired>
          <DateSold>2011-08-09</DateSold>
          <GrossSalesPrice>60836</GrossSalesPrice>
          <CostOrOtherBasis>56396</CostOrOtherBasis>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>416 BAIDU INC SPONS ADR CL A SPONSORED ADR REPSTG ORD SHARES CLASS A</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-09-14</DateAcquired>
          <DateSold>2011-09-22</DateSold>
          <GrossSalesPrice>51583</GrossSalesPrice>
          <CostOrOtherBasis>61414</CostOrOtherBasis>
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          <DescriptionOfAsset>452 BAIDU INC SPONS ADR CL A SPONSORED ADR REPSTG ORD SHARES CLASS A</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-12-07</DateAcquired>
          <DateSold>2011-06-09</DateSold>
          <GrossSalesPrice>54066</GrossSalesPrice>
          <CostOrOtherBasis>50152</CostOrOtherBasis>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>151 BAIDU INC SPONS ADR CL A SPONSORED ADR REPSTG ORD SHARES CLASS A</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
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          <DateSold>2011-03-30</DateSold>
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          <DescriptionOfAsset>1,570 AUTODESK INC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-04-25</DateAcquired>
          <DateSold>2011-06-08</DateSold>
          <GrossSalesPrice>61016</GrossSalesPrice>
          <CostOrOtherBasis>70474</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>-9458</GainsMinusExcessOrLosses>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2,339 ARM HLDGS PLC SPONS ADR SPONSORED ADR</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-07-20</DateAcquired>
          <DateSold>2011-08-05</DateSold>
          <GrossSalesPrice>61301</GrossSalesPrice>
          <CostOrOtherBasis>71194</CostOrOtherBasis>
          <GainOrLoss>-9893</GainOrLoss>
          <GainsMinusExcessOrLosses>-9893</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>155 APPLE INC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-12-17</DateAcquired>
          <DateSold>2011-11-11</DateSold>
          <GrossSalesPrice>59519</GrossSalesPrice>
          <CostOrOtherBasis>49834</CostOrOtherBasis>
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          <GainsMinusExcessOrLosses>9685</GainsMinusExcessOrLosses>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>51 APPLE INC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-12-17</DateAcquired>
          <DateSold>2011-07-27</DateSold>
          <GrossSalesPrice>20498</GrossSalesPrice>
          <CostOrOtherBasis>16397</CostOrOtherBasis>
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          <DescriptionOfAsset>1,111 ACCENTURE PLC IRELD CL A CLASS A NEW</DescriptionOfAsset>
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          <DescriptionOfAsset>70 SPDR GOLD TRUST GOLD ETF</DescriptionOfAsset>
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          <DescriptionOfAsset>6 GENZYME CORP SUBMITTED FOR TENDER WAIVER OF DISSENTERS RTS</DescriptionOfAsset>
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          <DescriptionOfAsset>5 DREAMWORKS ANIMATION A SKG INC CLASS A</DescriptionOfAsset>
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          <DescriptionOfAsset>10 COVIDIEN PLC NEW</DescriptionOfAsset>
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          <DescriptionOfAsset>16 CLOROX COMPANY</DescriptionOfAsset>
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          <DateAcquired>2009-11-09</DateAcquired>
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          <DescriptionOfAsset>203 TELCM ITALIA ADR REP SVG SPONS ADR REPSTG SVGS SHS</DescriptionOfAsset>
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          <DateAcquired>2009-10-09</DateAcquired>
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        <CapitalGainsAndLossesInfo>
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          <DateAcquired>2010-05-21</DateAcquired>
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          <DescriptionOfAsset>66 SUNCOR ENERGY INC NEW</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-05-21</DateAcquired>
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        <CapitalGainsAndLossesInfo>
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          <DateAcquired>2010-05-21</DateAcquired>
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          <DateAcquired>2010-05-21</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>55 SUNCOR ENERGY INC NEW</DescriptionOfAsset>
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          <DateAcquired>2010-05-21</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>0.72 SUMITOMO MITSUI TR ADR INC SPONSORED ADR</DescriptionOfAsset>
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          <DateAcquired>2011-04-04</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>218 SUMITOMO BANK LTD ADR SPONSORED ADR</DescriptionOfAsset>
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          <DateAcquired>2011-03-17</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,210 SUMITOMO BANK LTD ADR SPONSORED ADR</DescriptionOfAsset>
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          <DateAcquired>2009-10-09</DateAcquired>
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          <DescriptionOfAsset>144 STATOIL ASA ADR SPONSORED ADR</DescriptionOfAsset>
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          <DateAcquired>2010-11-10</DateAcquired>
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          <DescriptionOfAsset>77 STATOIL ASA ADR SPONSORED ADR</DescriptionOfAsset>
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          <DateAcquired>2010-11-09</DateAcquired>
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          <DescriptionOfAsset>67 STATOIL ASA ADR SPONSORED ADR</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>144 SK TELECOM LTD SPONS ADR SPONS ADR</DescriptionOfAsset>
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          <DateAcquired>2009-10-09</DateAcquired>
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          <DescriptionOfAsset>21 SIEMENS A G SPONS ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>19 SIEMENS A G SPONS ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>184 SHISEIDO LTD SPONS ADR SPONSORED ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>26 SEVEN &amp; I HLDGS CO ADR COMPANY LTD ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>32 SEVEN &amp; I HLDGS CO ADR COMPANY LTD ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>28 NIPPON TEL&amp;TEL SPONS ADR CORP SPON ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>230 IMPALA PLATNM ADR 1/4 SH LIMITED SPONSORED ADR REPRESENTING 1/4 SH</DescriptionOfAsset>
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          <DescriptionOfAsset>288 GOLD FIELDS LTD ADR NEW SPONSORED ADR</DescriptionOfAsset>
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          <DateAcquired>2009-10-09</DateAcquired>
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          <DescriptionOfAsset>43 GLAXOSMITHKLINE PLC ADR SPONSORED ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>57 GLAXOSMITHKLINE PLC ADR SPONSORED ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>69 GAZPROM OAO SPONS ADR ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>62 FINMECCANICA SPA ADR ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>441 FINMECCANICA SPA ADR ADR</DescriptionOfAsset>
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          <DescriptionOfAsset>95 EMBRAER S A SPON ADR SPONSORED ADR REP 4 COM SHS</DescriptionOfAsset>
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          <DateAcquired>2010-05-14</DateAcquired>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>98 EMBRAER S A SPON ADR SPONSORED ADR REP 4 COM SHS</DescriptionOfAsset>
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          <DescriptionOfAsset>40 EMBRAER S A SPON ADR SPONSORED ADR REP 4 COM SHS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-11-03</DateAcquired>
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          <DescriptionOfAsset>17 EMBRAER S A SPON ADR SPONSORED ADR REP 4 COM SHS</DescriptionOfAsset>
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      <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>ROMAN SKATULA</PersonName>
          <USAddress>
            <AddressLine1>222 2ND WEST PARKWAY</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </USAddress>
          <Title>Treasurer</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>4800</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>RONALD J DESTEFANO</PersonName>
          <USAddress>
            <AddressLine1>1110 ABSARAKA</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </USAddress>
          <Title>PROPERTY MGR</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>3600</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ARTHUR FELKER</PersonName>
          <USAddress>
            <AddressLine1>1305 GAGE PLACE</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </USAddress>
          <Title>President</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>4800</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>RICHARD KILPATRICK</PersonName>
          <USAddress>
            <AddressLine1>114 SCOTT DRIVE</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </USAddress>
          <Title>Assistant Sec.</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>3600</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>STEVEN C HARKER</PersonName>
          <USAddress>
            <AddressLine1>2020 SUMMIT DRIVE</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </USAddress>
          <Title>Assistant Treas</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>3600</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>SHERIDAN SENIOR CENTER, SHERIDAN WYOMING SUPPORT FOR GENERAL CENTER FUNCTIONS</Description1>
        <Expenses1>75000</Expenses1>
        <Description2>ST PETERS EPISCOPAL CHURCH - PROVIDE FUNDS FOR GENERAL FUNCTIONS</Description2>
        <Expenses2>25000</Expenses2>
        <Description3>SHERIDAN COLLEGE, SHERIDAN, WYOMING - SUPPORT FOR GENERAL EDUCATION/SCHOOL FUNCTIONS</Description3>
        <Expenses3>170000</Expenses3>
        <Description4>MEMORIAL HOSPITAL OF SHERIDAN COUNTY, SHERIDAN, WYOMING - SUPPORT FOR GENERAL HOSPITAL/MEDICAL FUNCTIONS</Description4>
        <Expenses4>187500</Expenses4>
      </SummaryOfDirectCharitableActy>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>13570317</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>134259</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>13704576</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AdjTotalFMVOfUnusedAssets>13704576</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>205569</CashDeemedCharitable>
        <NetNoncharitableAssets>13499007</NetNoncharitableAssets>
        <MinimumInvestmentReturn>674950</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>674950</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>22775</TaxBasedOnInvestmentIncome>
        <TotalTax>22775</TotalTax>
        <DistributableAmountBeforeAdj>652175</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>652175</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>652175</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>492351</ExpensesAndContributions>
        <QualifyingDistributions>492351</QualifyingDistributions>
        <AdjQualifyingDistributions>492351</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>652175</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear5>93344</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>204308</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>275538</ExcessDistriCarryoverYear3>
        <TotalExcessDistriCarryover>573190</TotalExcessDistriCarryover>
        <QualifyingDistributions>492351</QualifyingDistributions>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>492351</AppliedToCurrentYear>
        <ExcessDistriCyovAppCYCorpus>159824</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>159824</ExcessDistriCyovAppliedCY>
        <TotalCorpus>413366</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>413366</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>137828</ExcessFromYear4>
        <ExcessFromYear3>275538</ExcessFromYear3>
      </UndistributedIncome>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <AppicationSubmissionInfo>
          <RecipientName>GRIFFITH FOUNDATION</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>2 NORTH MAIN STREET SUITE 401</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </RecipientUSAddress>
          <FormAndInfoAndMaterials>LETTER FORMAT</FormAndInfoAndMaterials>
          <SubmissionDeadlines>NONE</SubmissionDeadlines>
          <RestrictionsOnAwards>DISCRETION OF THE BOARD OF TRUSTEES</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>FREE CLINIC OF SHERIDAN COUNTY</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 682</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF CLINIC PROVIDING FREE HEALTH CARE FOR THE UNINSURED</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>SENIOR CENTER</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>211 SMITH</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT COMMUNITY BASED SENIOR CITIZEN CENTER</PurposeOfGrantOrContribution>
          <Amount>75000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>GIRL SCOUTS</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>244 NORTH MAIN</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>PUBLIC GIRL SCOUT PROGRAM</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>SHERIDAN COLLEGE</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>3059 COFFEEN AVE</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT FOR GENERAL SCHOOL/EDUCATIONAL FUNCTIONS</PurposeOfGrantOrContribution>
          <Amount>170000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>MEMORIAL HOSPITAL OF SHERIDAN</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1404 WEST 5TH</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>HOSP</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORTGENERAL MEDICAL/HOSPITAL FUNCTIONS</PurposeOfGrantOrContribution>
          <Amount>187500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>YOUTH INC</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>T SMITH 31 WAGON BOX</AddressLine1>
            <City>STORY</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT YOUTH CAMPING</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>ST PETERS EPISCOPAL CHURCH</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1 S TSCHIRGI</AddressLine1>
            <City>SHERIDAN</City>
            <State>WY</State>
            <ZIPCode>82801</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>CHURCH</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT FOR CHURCH ACTIVITIES</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>482500</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>309</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>526330</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <OtherInvestmentIncomePartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>65220</ExclusionAmount>
        </OtherInvestmentIncomePartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>344514</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>OIL/GAS LEASE INCOME</Description>
          <ExclusionCode>16</ExclusionCode>
          <ExclusionAmount>298660</ExclusionAmount>
        </OtherRevenueDescribed>
        <OtherRevenueDescribed>
          <Description>MISC</Description>
          <ExclusionCode>16</ExclusionCode>
          <ExclusionAmount>162</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>1104755</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>1104755</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="AccountingFeesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <AccountingFees>
        <Amount>5100</Amount>
        <NetInvestmentIncome>3825</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>1275</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="11000144" softwareVersion="2011v1.2">
      <LandEtc>
        <CategoryOrItem>Furniture and Fixtures</CategoryOrItem>
        <CostOrOtherBasis>25852</CostOrOtherBasis>
        <AccumulatedDepreciation>25518</AccumulatedDepreciation>
        <BookValue>334</BookValue>
        <EOYFMV>1000</EOYFMV>
      </LandEtc>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <LegalFees>
        <Amount>2080</Amount>
        <NetInvestmentIncome>1560</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>520</DisbursementsCharitablePrps>
      </LegalFees>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherAssets>
        <Description>Rounding</Description>
        <EOYBookValue>3</EOYBookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>PICTURES</Description>
        <BOYBookValue>839</BOYBookValue>
        <EOYBookValue>839</EOYBookValue>
        <EOYFMV>839</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>Net Intangible Assets</Description>
        <BOYBookValue>7284</BOYBookValue>
        <EOYBookValue>7459</EOYBookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>MINERAL RIGHTS</Description>
        <BOYBookValue>87278</BOYBookValue>
        <EOYBookValue>87278</EOYBookValue>
        <EOYFMV>172500</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>BRANDS</Description>
        <BOYBookValue>100</BOYBookValue>
        <EOYBookValue>100</EOYBookValue>
        <EOYFMV>100</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>5TH ST LAND</Description>
        <BOYBookValue>1</BOYBookValue>
        <EOYBookValue>1</EOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherExpenses>
        <Description>TELEPHONE</Description>
        <RevenueAndExpensesPerBooks>144</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>108</NetInvestmentIncome>
        <DisbursementsCharitablePrps>36</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SECRETARIAL SERVICES</Description>
        <RevenueAndExpensesPerBooks>1800</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1350</NetInvestmentIncome>
        <DisbursementsCharitablePrps>450</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OFFICE EXPENSE</Description>
        <RevenueAndExpensesPerBooks>84</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>63</NetInvestmentIncome>
        <DisbursementsCharitablePrps>21</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISC</Description>
        <RevenueAndExpensesPerBooks>63</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>47</NetInvestmentIncome>
        <DisbursementsCharitablePrps>16</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>LICENSE, PERMITS</Description>
        <RevenueAndExpensesPerBooks>25</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>19</NetInvestmentIncome>
        <DisbursementsCharitablePrps>6</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>JANITOR SERVICE</Description>
        <RevenueAndExpensesPerBooks>464</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>348</NetInvestmentIncome>
        <DisbursementsCharitablePrps>116</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INSURANCE</Description>
        <RevenueAndExpensesPerBooks>250</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>188</NetInvestmentIncome>
        <DisbursementsCharitablePrps>62</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Amortization</Description>
        <RevenueAndExpensesPerBooks>689</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>689</NetInvestmentIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherIncome>
        <Description>Other Investment Income</Description>
        <RevenueAndExpensesPerBooks>-65220</RevenueAndExpensesPerBooks>
      </OtherIncome>
      <OtherIncome>
        <Description>OIL/GAS LEASE INCOME</Description>
        <RevenueAndExpensesPerBooks>298660</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>298660</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>MISC</Description>
        <RevenueAndExpensesPerBooks>162</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>162</NetInvestmentIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherLiabilities>
        <Description>FEDERAL EXCISE TAX PAYABLE</Description>
        <BOYBookValue>10029</BOYBookValue>
        <EOYBookValue>2475</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherProfessionalFees>
        <Category>MANAGEMENT FEE - STIFEL NICOLAUS</Category>
        <Amount>63538</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <Taxes>
        <Category>FOREIGN TAX</Category>
        <Amount>3262</Amount>
        <NetInvestmentIncome>3262</NetInvestmentIncome>
        <DisbursementsCharitablePrps>815</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FEDERAL EXCISE TAXES</Category>
        <Amount>22775</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>