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        <AmortizationPeriod>15.0000</AmortizationPeriod>
        <CurrentYearAmortization>1832</CurrentYearAmortization>
        <NetInvestmentIncome>1703</NetInvestmentIncome>
        <AdjustedNetIncome>128</AdjustedNetIncome>
        <TotalAmountOfAmortization>9922</TotalAmountOfAmortization>
      </Amortization>
    </AmortizationSchedule>
    <CompensationExplanation documentId="RetDoc5">
      <Compensation>
        <PersonName>JOHN ADAMS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>PATRICIA ADAMS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>JOHN ADAMS JR</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>LARY SNODGRASS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>SAM P BURFORD JR</PersonName>
      </Compensation>
    </CompensationExplanation>
    <GainLossSaleOtherAssetsSch documentId="RetDoc6">
      <GainLossSaleOtherAsset>
        <Name>INVESTMENT SALES</Name>
        <DateAcquired>2008-01</DateAcquired>
        <HowAcquired>PURCHASE</HowAcquired>
        <DateSold>2011-12</DateSold>
        <GrossSalesPrice>2718466</GrossSalesPrice>
        <Basis>2849518</Basis>
        <SalesExpense>1824</SalesExpense>
        <TotalNet>-132876</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <HowAcquired>PURCHASE</HowAcquired>
        <Basis>943</Basis>
        <TotalNet>-943</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc7">
      <InvestmentsCorpStock>
        <NameOfStock>MUTUAL FUNDS - MERRILL LYNCH</NameOfStock>
        <EOYBookValue>4866433</EOYBookValue>
        <EOYFMV>5093917</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="RetDoc8">
      <LandEtc>
        <CategoryOrItem>ACCUMULATED DEPRECIATION</CategoryOrItem>
        <CostOrOtherBasis>27475</CostOrOtherBasis>
        <AccumulatedDepreciation>9922</AccumulatedDepreciation>
        <BookValue>17553</BookValue>
      </LandEtc>
    </LandEtcSchedule2>
    <OtherExpensesSchedule documentId="RetDoc9">
      <OtherExpenses>
        <Description>EXPENSES</Description>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INVESTMENT MANAGEMENT FEES</Description>
        <RevenueAndExpensesPerBooks>53871</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>26936</NetInvestmentIncome>
        <AdjustedNetIncome>26936</AdjustedNetIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OFFICE EXPENSES</Description>
        <RevenueAndExpensesPerBooks>1099</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>404</NetInvestmentIncome>
        <AdjustedNetIncome>35</AdjustedNetIncome>
        <DisbursementsCharitablePrps>659</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc10">
      <OtherProfessionalFees>
        <Category>ACCTING, LEGAL, &amp; CONSULTING</Category>
        <Amount>9227</Amount>
        <NetInvestmentIncome>3396</NetInvestmentIncome>
        <AdjustedNetIncome>295</AdjustedNetIncome>
        <DisbursementsCharitablePrps>5536</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc11">
      <Taxes>
        <Category>FOREIGN TAXES</Category>
        <Amount>2949</Amount>
        <NetInvestmentIncome>1475</NetInvestmentIncome>
        <AdjustedNetIncome>1475</AdjustedNetIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>