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    <Timestamp>2012-08-14T14:47:15-07:00</Timestamp>
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        <City>BURLESON</City>
        <State>TX</State>
        <ZIPCode>76028</ZIPCode>
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        <State>TX</State>
        <ZIPCode>76028</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>HAROLD BOOTH</Name>
      <Title>VP</Title>
      <Phone>8172952202</Phone>
      <DateSigned>2012-08-10</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>JEFF S RASCO</Name>
      <Phone>8172952202</Phone>
      <DatePrepared>2012-08-14</DatePrepared>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>HAROLD RAY BOOTH</PersonName>
          <USAddress>
            <AddressLine1>12645 STEPHENSON LEVY RD</AddressLine1>
            <City>BURLESON</City>
            <State>TX</State>
            <ZIPCode>76028</ZIPCode>
          </USAddress>
          <Title>VP/SEC/DIR</Title>
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        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JEFFREY SCOTT RASCO</PersonName>
          <USAddress>
            <AddressLine1>112 SW THOMAS STE 100</AddressLine1>
            <City>BURLESON</City>
            <State>TX</State>
            <ZIPCode>76028</ZIPCode>
          </USAddress>
          <Title>PRES/TREAS/DIR</Title>
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        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>F STEVEN MCCLURE LAW ATTY</PersonName>
          <USAddress>
            <AddressLine1>112 SW THOMAS</AddressLine1>
            <City>BURLESON</City>
            <State>TX</State>
            <ZIPCode>76028</ZIPCode>
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          <Title>DIRECTOR</Title>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>DOROTHY CARROLL</PersonName>
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            <AddressLine1>112 SW THOMAS</AddressLine1>
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          <RecipientName>BAKER FOUNDATION OF BURLESON INC</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>112 SW THOMAS STE 100</AddressLine1>
            <City>BURLESON</City>
            <State>TX</State>
            <ZIPCode>76028</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>8172952202</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>GENERAL CONTACT INFORMATION, DESCRIPTION OF NEED &amp; BENEFIT TO COMMUNITY</FormAndInfoAndMaterials>
          <SubmissionDeadlines>MAY 31 2010</SubmissionDeadlines>
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            <State>TX</State>
            <ZIPCode>76028</ZIPCode>
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            <State>TX</State>
            <ZIPCode>76028</ZIPCode>
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        <GrantOrContriPaidDuringYear>
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            <City>BURLESON</City>
            <State>TX</State>
            <ZIPCode>76097</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>LOCALORG</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>FOR CANCER PATIENTSCONTRIBUTIONCOOKS CHILDRENS HOSPITAL</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BURLESON OPPORTUNITY FUND</BusinessNameLine1>
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            <AddressLine1>141 W RENFRO</AddressLine1>
            <City>BURLESON</City>
            <State>TX</State>
            <ZIPCode>76028</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>LOCALORG</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>FOR LOCAL HIGHSCHOLARSHIPSSCHOOL GRADUATES</PurposeOfGrantOrContribution>
          <Amount>1800</Amount>
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        <GrantOrContriPaidDuringYear>
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            <BusinessNameLine1>BISD HALL OF FAME</BusinessNameLine1>
          </RecipientBusinessName>
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            <AddressLine1>100 ELK DRIVE</AddressLine1>
            <City>BURLESON</City>
            <State>TX</State>
            <ZIPCode>76028</ZIPCode>
          </RecipientUSAddress>
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          <PurposeOfGrantOrContribution>WELFARE OFPROMOTEBURLESON YOUTH</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BURLESON CHAMBER OF COMMERCE</BusinessNameLine1>
          </RecipientBusinessName>
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            <AddressLine1>1044 SW WILSHIRE BLVD</AddressLine1>
            <City>BURLESON</City>
            <State>TX</State>
            <ZIPCode>76028</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>LOCALORG</RecipientFoundationStatus>
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          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CASA OF JOHNSON COUNTY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>210 FEATHERSTON</AddressLine1>
            <City>CLEBURNE</City>
            <State>TX</State>
            <ZIPCode>76033</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>LOCALORG</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>WELFARE OFPROMOTEABUSED FAMILIES</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
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      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>2039</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>16883</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCode>16</ExclusionCode>
          <ExclusionAmount>147065</ExclusionAmount>
        </NetRntlIncmReNotDebtFincdProp>
        <OtherRevenueDescribed>
          <Description>GAS ROYALTIES-NET</Description>
          <ExclusionCode>16</ExclusionCode>
          <ExclusionAmount>6109</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>172096</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>172096</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="00000003">
      <AccountingFees>
        <Category>R&amp;R PC ACCOUNTING &amp; TAX</Category>
        <Amount>8364</Amount>
      </AccountingFees>
    </AccountingFeesSchedule>
    <CashDeemedCharitableExplnStmt documentId="00000004">
      <Explanation>REASONABLE CASH BALANCE NECESSARY TO COVER CURRENT ADMIN</Explanation>
    </CashDeemedCharitableExplnStmt>
    <DepreciationSchedule documentId="00000005">
      <Depreciation>
        <DescriptionOfProperty>100 S DOBSON</DescriptionOfProperty>
        <DateAcquired>2007-12-15</DateAcquired>
        <CostOrOtherBasis>75070</CostOrOtherBasis>
        <PriorYearsDepreciation>1728</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>39.00</Life>
        <CurrentYearExpense>568</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>109 E ELLISON</DescriptionOfProperty>
        <DateAcquired>2007-12-15</DateAcquired>
        <CostOrOtherBasis>236324</CostOrOtherBasis>
        <PriorYearsDepreciation>16413</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>39.00</Life>
        <CurrentYearExpense>5396</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>122 W ELLISON</DescriptionOfProperty>
        <DateAcquired>2007-12-15</DateAcquired>
        <CostOrOtherBasis>151494</CostOrOtherBasis>
        <PriorYearsDepreciation>10010</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>39.00</Life>
        <CurrentYearExpense>3291</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>114 S MAIN</DescriptionOfProperty>
        <DateAcquired>2007-12-15</DateAcquired>
        <CostOrOtherBasis>80587</CostOrOtherBasis>
        <PriorYearsDepreciation>4922</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>39.00</Life>
        <CurrentYearExpense>1618</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>100 S DOBSON FLOORING</DescriptionOfProperty>
        <DateAcquired>2008-07-23</DateAcquired>
        <CostOrOtherBasis>25501</CostOrOtherBasis>
        <PriorYearsDepreciation>4250</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>15.00</Life>
        <CurrentYearExpense>1700</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>100 S DOBSON IMPRVMT</DescriptionOfProperty>
        <DateAcquired>2008-07-23</DateAcquired>
        <CostOrOtherBasis>25501</CostOrOtherBasis>
        <PriorYearsDepreciation>1608</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>39.00</Life>
        <CurrentYearExpense>654</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>114 S MAIN AC HEAT SYSTEM</DescriptionOfProperty>
        <DateAcquired>2009-12-15</DateAcquired>
        <CostOrOtherBasis>8000</CostOrOtherBasis>
        <PriorYearsDepreciation>1286</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.00</Life>
        <CurrentYearExpense>1143</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>122 W ELLISON AWNINGS</DescriptionOfProperty>
        <DateAcquired>2010-11-22</DateAcquired>
        <CostOrOtherBasis>5977</CostOrOtherBasis>
        <PriorYearsDepreciation>107</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7.00</Life>
        <CurrentYearExpense>854</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>100 S DOBSON AC</DescriptionOfProperty>
        <DateAcquired>2011-10-17</DateAcquired>
        <CostOrOtherBasis>1800</CostOrOtherBasis>
        <ComputationMethod>200DB</ComputationMethod>
        <Life>7.00</Life>
        <CurrentYearExpense>64</CurrentYearExpense>
      </Depreciation>
    </DepreciationSchedule>
    <InvestmentsOtherSchedule2 documentId="00000006">
      <InvestmentsOther>
        <CategoryOrItem>CDARS INVESTMENTS</CategoryOrItem>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="00000007">
      <OtherExpenses>
        <Description>RENTAL PROPERTY INSURANCE</Description>
        <RevenueAndExpensesPerBooks>9940</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>9940</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>RENTAL PROPERTY MANAGEMENT</Description>
        <RevenueAndExpensesPerBooks>11038</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>11038</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>RENTAL PROPERTY REPAIR &amp; MAINTENANCE</Description>
        <RevenueAndExpensesPerBooks>14049</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>14049</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>RENTAL PROPERTY UTILITIES</Description>
        <RevenueAndExpensesPerBooks>6600</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>6600</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FLOWERS</Description>
        <RevenueAndExpensesPerBooks>117</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>117</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="00000008">
      <OtherIncome>
        <Description>GAS ROYALTIES-NET</Description>
        <RevenueAndExpensesPerBooks>6109</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="00000009">
      <OtherIncreases>
        <Description>GRANTS AND CONTRIBUTIONS APPROVED FOR FUTURE YR</Description>
        <Amount>19000</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <ReductionExplanationStatement documentId="00000010">
      <Explanation>REAL ESTATE VALUE IN DECLINE</Explanation>
    </ReductionExplanationStatement>
    <TaxesSchedule documentId="00000011">
      <Taxes>
        <Category>RENTAL PROPERTY TAX</Category>
        <Amount>14531</Amount>
        <DisbursementsCharitablePrps>14531</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>EXCISE TAX</Category>
        <Amount>189</Amount>
        <DisbursementsCharitablePrps>189</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>