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    <Timestamp>2011-07-01T14:28:33-07:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>N CHARLES O'CONNOR CPA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>4660 NW 175TH PLACE</AddressLine1>
        <City>PORTLAND</City>
        <State>OR</State>
        <ZIPCode>972292165</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>931053941</EIN>
      <Name>
        <BusinessNameLine1>FRIENDS OF SP4449 INC</BusinessNameLine1>
      </Name>
      <NameControl>FRIE</NameControl>
      <Phone>3606066510</Phone>
      <USAddress>
        <AddressLine1>PO BOX 42486</AddressLine1>
        <City>PORTLAND</City>
        <State>OR</State>
        <ZIPCode>97242</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>TODD LANDWEHR</Name>
      <Title>TREASURER</Title>
      <Phone>3606066510</Phone>
      <DateSigned>2011-05-13</DateSigned>
    </Officer>
    <Preparer>
      <Name>N CHARLES O'CONNOR CPA</Name>
      <DatePrepared>2011-07-01</DatePrepared>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <ScheduleBNotRequired>X</ScheduleBNotRequired>
      <WebSite>http://www.sp4449.com/</WebSite>
      <Organization501c3 referenceDocumentId="00000002" referenceDocumentName="IRS990ScheduleA">X</Organization501c3>
      <GrossReceipts>31413</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>16046</ContributionsGiftsGrantsEtc>
      <ProgramServiceRevenue>0</ProgramServiceRevenue>
      <MembershipDues>0</MembershipDues>
      <InvestmentIncome>236</InvestmentIncome>
      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
      <GainOrLossFromSaleOfAssets>0</GainOrLossFromSaleOfAssets>
      <GamingGrossIncome>0</GamingGrossIncome>
      <FundraisingGrossIncome>0</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>0</SpecialEventsDirectExpenses>
      <SpecialEventsNetIncomeLoss>0</SpecialEventsNetIncomeLoss>
      <GrossSalesOfInventory>15131</GrossSalesOfInventory>
      <CostOfGoodsSold>7823</CostOfGoodsSold>
      <GroProfitLossSalesOfInventory>7308</GroProfitLossSalesOfInventory>
      <TotalRevenue>23590</TotalRevenue>
      <OtherExpensesTotal>66616</OtherExpensesTotal>
      <TotalExpenses>66616</TotalExpenses>
      <ExcessOrDeficitForYear>-43026</ExcessOrDeficitForYear>
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      <NetAssetsOrFundBalancesEOY>115039</NetAssetsOrFundBalancesEOY>
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        <EOY>52616</EOY>
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        <EOY>68057</EOY>
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      <TotalAssets>
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        <EOY>120673</EOY>
      </TotalAssets>
      <SumOfTotalLiabilities>
        <BOY>9049</BOY>
        <EOY>5634</EOY>
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      <NetAssetsOrFundBalances>
        <BOY>158065</BOY>
        <EOY>115039</EOY>
      </NetAssetsOrFundBalances>
      <PrimaryExemptPurpose>Public Awareness of Historic Steam Trains</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>ACTIVITIES FOR EDUCATING PUBLIC ABOUT HISTORIC STEAM TRAINS</DescriptionProgramServiceAccom>
        <ProgramServiceExpenses>61051</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>DONATION TO OREGON RAIL HERITAGE FOUNDATION</DescriptionProgramServiceAccom>
        <GrantsAndAllocations>5000</GrantsAndAllocations>
        <IncludesForeignGrants>X</IncludesForeignGrants>
        <ProgramServiceExpenses>5000</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>66051</TotalProgramServiceExpenses>
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        <PersonName>MARK T KRAMER</PersonName>
        <AddressUS>
          <AddressLine1>SW 89TH PLACE</AddressLine1>
          <City>PORTLAND</City>
          <State>OR</State>
          <ZIPCode>97103</ZIPCode>
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        <Title>President</Title>
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        <PersonName>TODD LANDWEHR</PersonName>
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          <AddressLine1>13215-C8 SE MILL PLAIN BLVD 381</AddressLine1>
          <City>VANCOUVER</City>
          <State>WA</State>
          <ZIPCode>98684</ZIPCode>
        </AddressUS>
        <Title>Treasurer</Title>
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        <Compensation>0</Compensation>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>PAT TRACY</PersonName>
        <AddressUS>
          <AddressLine1>15717 NE 41ST AVE</AddressLine1>
          <City>VANCOUVER</City>
          <State>WA</State>
          <ZIPCode>98682</ZIPCode>
        </AddressUS>
        <Title>Vice-President</Title>
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        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>PHIL BARNEY</PersonName>
        <AddressUS>
          <AddressLine1>6912 SW 5TH AVE</AddressLine1>
          <City>PORTLAND</City>
          <State>OR</State>
          <ZIPCode>97219</ZIPCode>
        </AddressUS>
        <Title>Secretary</Title>
        <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>JOHN POHLPETER</PersonName>
        <AddressUS>
          <AddressLine1>REDLAND ROAD</AddressLine1>
          <City>OREGON CITY</City>
          <State>OR</State>
          <ZIPCode>97140</ZIPCode>
        </AddressUS>
        <Title>Director</Title>
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        <Compensation>0</Compensation>
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      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
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      <OrganizationDissolvedEtc referenceDocumentName="IRS990ScheduleN BinaryAttachment">false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <StatesWhereCopyOfReturnIsFiled>OR</StatesWhereCopyOfReturnIsFiled>
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        <NamePerson>TODD LANDWEHR</NamePerson>
        <AddressUS>
          <AddressLine1>13215-C8 SE MILL PLAIN BLVD 381</AddressLine1>
          <City>VANCOUVER</City>
          <State>WA</State>
          <ZIPCode>98684</ZIPCode>
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        <TelephoneNumber>3606066510</TelephoneNumber>
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      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
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      <PublicSupportTotal170>0</PublicSupportTotal170>
      <GrossInvestmentIncome170>
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      <PublicSupportPertcentage170>0</PublicSupportPertcentage170>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>1585</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>7237</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>33483</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>28768</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>16046</CurrentTaxYear>
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      <GrossReceiptsFromAdmissions>
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        <CurrentTaxYearMinus3Years>15295</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>24727</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>135192</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>15131</CurrentTaxYear>
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        <CurrentTaxYearMinus3Years>22532</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>58210</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>163960</CurrentTaxYearMinus1Year>
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      <PublicSupportTotal509>304850</PublicSupportTotal509>
      <GrossInvestmentIncome509>
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        <CurrentTaxYearMinus2Years>72</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>402</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>236</CurrentTaxYear>
        <Total>776</Total>
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      <InvestmentIncomeAndUBTI>
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        <CurrentTaxYearMinus2Years>72</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>402</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>236</CurrentTaxYear>
        <Total>776</Total>
      </InvestmentIncomeAndUBTI>
      <TotalSupportTotal>
        <Total>305626</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.99750</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.99800</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.00250</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.00200</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
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      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 16</Identifier>
        <Explanation>ANNUAL REPORT AND CT12 TAX 134. INTERNET COSTS 610. BANK CHARGES 418. SUPPLIES 2963. TRAVEL 10. DUES 265. OTHER NEEDS TO BE DISTRIBUTED 13125. INSURANCE 2721. REPAIRS &amp; MAINTENANCE 45837. ERROR 108. TO BALANCE STORAGE 425. TRAVEL CHARITY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 24</Identifier>
        <Explanation>INVENTORIES 1000. 1000. TRAIN EQUIPMENT 53240. 53240. OTHER EQUIPMENT 13817. 13817.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 26</Identifier>
        <Explanation>VISA PAYABLE 5133. 5634. DUE TO MICHIGAN STEAM RAILROADING INST. MUSEUM 3916. 0.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>MISCELLANEOUS</Explanation>
      </GeneralExplanation>
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