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        <EOY>349964</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
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      <TotalLiabNetAssetsFundBalances>
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        <EOY>889386</EOY>
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      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>-77388</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-36500</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>1</AccountantCompileOrReview>
      <FSAudited>0</FSAudited>
      <AuditCommittee>0</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
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      <LeaseholdImprovements>
        <InvestmentCostOrOtherBasis>5513</InvestmentCostOrOtherBasis>
        <Depreciation>3675</Depreciation>
        <BookValue>1838</BookValue>
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      <Equipment>
        <InvestmentCostOrOtherBasis>73362</InvestmentCostOrOtherBasis>
        <Depreciation>70582</Depreciation>
        <BookValue>2780</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>4618</TotalOfBookValueLandBuildings>
      <InvestmentsProgramRelated>
        <Description>RAYMOND JAMES INVESTMENTS</Description>
        <BookValue>394315</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </InvestmentsProgramRelated>
      <TotalOfBookValueProgramRelated>394315</TotalOfBookValueProgramRelated>
      <OtherAssets>
        <Description>ACCOUNTS RECEIVABLE - AFFILIATE</Description>
        <BookValue>73230</BookValue>
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      <OtherAssets>
        <Description>SECURITY DEPOSIT</Description>
        <BookValue>2549</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>DUE FROM AFFILIATE</Description>
        <BookValue>21660</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>97439</TotalBookValueOtherAssets>
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      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <Form990ScheduleJPartII>
        <NamePerson>THOMAS THEROUX</NamePerson>
        <BaseCompensationFilingOrg>103028</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
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      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>EXECUTIVE DIRECTOR WILL REVIEW A FINAL DRAFT. IF NECESSAY HE WILL FORWARD TO THE ACCOUNTANT ANY MODIFICATIONS. EXECUTIVE DIRECTOR WILL HAVE FINAL APPROVAL OF THE FORM 990.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>ALL MEMBERS ARE REQUIRED TO DISCLOSE ANNUALLY ANY CONFLICT OF INTEREST. THE BOARD OF DIRECTORS AS NECESSAY WILL INVESTIGATE ANY SITUATION THAT IS BROUGHT TO THEIR ATTENTION AND TAKE ANY APPROPRIATE ACTION DEEMED NECESSARY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 18</ReturnReference>
        <Explanation>WEBSITE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>ALL DOUCMENTS ARE AVAILABLE EITHER ON THE ORGANIZATION'S WEBSITE OR IF NOT ON THE WEBSITE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED LOSSES ON INVESTMENTS: -28,250. OTHER ADJUSTMENTS TO UNRESTRICTED NET ASSETS -8,250. TOTAL TO FORM 990, PART XI, LINE 5: -36,500.</Explanation>
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    </IRS990ScheduleO>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>NEW ENGLAND PROGRESS MAGAZINE INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>400 WASHINGTON STREET SUITE 401</AddressLine1>
          <City>BRAINTREE</City>
          <State>MA</State>
          <ZIPCode>02184</ZIPCode>
        </AddressUS>
        <EIN>043086307</EIN>
        <PrimaryActivity>MAGAZINE PUBLICATION</PrimaryActivity>
        <LegalDomicileState>MA</LegalDomicileState>
        <TypeOfEntity>C</TypeOfEntity>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
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      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>0</SharingOfFacilities>
      <SharingOfPaidEmployees>0</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
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</Return>