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            <AddressLine2>BOX 41081</AddressLine2>
            <City>LUBBOCK</City>
            <State>TX</State>
            <ZIPCode>79409</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <PurposeOfGrantOrContribution>UNIVERSITY SCHOLARSHIPS</PurposeOfGrantOrContribution>
          <Amount>17500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MARCH OF DIMES</BusinessNameLine1>
            <BusinessNameLine2>MARCH OF DIMES</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5219 CITY BANK PARKWAY</AddressLine1>
            <AddressLine2>5219 CITY BANK PARKWAY</AddressLine2>
            <City>LUBBOCK</City>
            <State>TX</State>
            <ZIPCode>79407</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <PurposeOfGrantOrContribution>RESEARCH BIRTH DEFECTS</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ALLSAINTS EPISCOPAL SCHOO</BusinessNameLine1>
            <BusinessNameLine2>ALLSAINTS EPISCOPAL SCHOOL</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3222 103TH STREET</AddressLine1>
            <AddressLine2>3222 103TH STREET</AddressLine2>
            <City>LUBBOCK</City>
            <State>TX</State>
            <ZIPCode>79423</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <PurposeOfGrantOrContribution>SCHOOL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>VARIOUS</BusinessNameLine1>
            <BusinessNameLine2>VARIOUS</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2737 82ND STREET</AddressLine1>
            <AddressLine2>2737 82ND STREET</AddressLine2>
            <City>LUBBOCK</City>
            <State>TX</State>
            <ZIPCode>79423</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <PurposeOfGrantOrContribution>VARIOUS</PurposeOfGrantOrContribution>
          <Amount>12000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>114500</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <RelatedOrExemptFunctionIncome>95399</RelatedOrExemptFunctionIncome>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <RelatedOrExemptFunctionIncome>28201</RelatedOrExemptFunctionIncome>
        </DividendsAndIntFromSecPartVII>
        <NetRntlIncmReNotDebtFincdProp>
          <RelatedOrExemptFunctionIncome>105144</RelatedOrExemptFunctionIncome>
        </NetRntlIncmReNotDebtFincdProp>
        <SubtotalsPartXVIA>
          <RelatedOrExemptFunctionIncome>228744</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>228744</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="RetDoc4">
      <AccountingFees>
        <Category>INDIRECT ACCOUNTING FEES</Category>
        <Amount>999</Amount>
        <NetInvestmentIncome>999</NetInvestmentIncome>
        <AdjustedNetIncome>999</AdjustedNetIncome>
      </AccountingFees>
    </AccountingFeesSchedule>
    <CompensationExplanation documentId="RetDoc5">
      <Compensation>
        <PersonName>TED RUSHING</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>DON RUSHING</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>ROSS RUSHING</PersonName>
      </Compensation>
    </CompensationExplanation>
    <DepreciationSchedule documentId="RetDoc6">
      <Depreciation>
        <DescriptionOfProperty>34TH STREET SOUTHLAND</DescriptionOfProperty>
        <DateAcquired>2000-12-31</DateAcquired>
        <CostOrOtherBasis>45265</CostOrOtherBasis>
        <PriorYearsDepreciation>10494</PriorYearsDepreciation>
        <ComputationMethod>S/L</ComputationMethod>
        <Life>39.0000</Life>
        <CurrentYearExpense>1160</CurrentYearExpense>
        <NetInvestmentIncome>1160</NetInvestmentIncome>
        <AdjustedNetIncome>1160</AdjustedNetIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>VOLUME SHOE-BAY CITY</DescriptionOfProperty>
        <DateAcquired>2000-12-31</DateAcquired>
        <CostOrOtherBasis>1</CostOrOtherBasis>
        <PriorYearsDepreciation>1</PriorYearsDepreciation>
        <ComputationMethod>S/L</ComputationMethod>
        <Life>39.0000</Life>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>VOLUME SHOE-BROWNSVILLE</DescriptionOfProperty>
        <DateAcquired>2000-12-31</DateAcquired>
        <CostOrOtherBasis>1</CostOrOtherBasis>
        <PriorYearsDepreciation>1</PriorYearsDepreciation>
        <ComputationMethod>S/L</ComputationMethod>
        <Life>39.0000</Life>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>RADIOSHACK BUILDING</DescriptionOfProperty>
        <DateAcquired>2001-12-15</DateAcquired>
        <CostOrOtherBasis>710646</CostOrOtherBasis>
        <PriorYearsDepreciation>146533</PriorYearsDepreciation>
        <ComputationMethod>S/L</ComputationMethod>
        <Life>39.0000</Life>
        <CurrentYearExpense>18221</CurrentYearExpense>
        <NetInvestmentIncome>18221</NetInvestmentIncome>
        <AdjustedNetIncome>18221</AdjustedNetIncome>
      </Depreciation>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc7">
      <InvestmentsCorpStock>
        <NameOfStock>PLAINS CAPITAL CORP (47,002 SHARES)</NameOfStock>
        <EOYBookValue>212645</EOYBookValue>
        <EOYFMV>1400000</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="RetDoc8">
      <LandEtc>
        <CategoryOrItem>SOUTHWEST 7/11</CategoryOrItem>
        <CostOrOtherBasis>45265</CostOrOtherBasis>
        <AccumulatedDepreciation>11654</AccumulatedDepreciation>
        <BookValue>33611</BookValue>
        <EOYFMV>175000</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>RADIOSHACK</CategoryOrItem>
        <CostOrOtherBasis>710646</CostOrOtherBasis>
        <AccumulatedDepreciation>164754</AccumulatedDepreciation>
        <BookValue>545892</BookValue>
        <EOYFMV>393000</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>VOLUME SHOE BAY CITY</CategoryOrItem>
        <CostOrOtherBasis>1</CostOrOtherBasis>
        <BookValue>1</BookValue>
        <EOYFMV>250000</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>VOLUME SHOE BROWNSVILLE</CategoryOrItem>
        <CostOrOtherBasis>1</CostOrOtherBasis>
        <BookValue>1</BookValue>
        <EOYFMV>395000</EOYFMV>
      </LandEtc>
    </LandEtcSchedule2>
    <OtherDecreasesSchedule documentId="RetDoc9">
      <OtherDecreases>
        <Description>EXISE TAX ON INVESTMENT INCOME</Description>
        <Amount>1519</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc10">
      <OtherExpenses>
        <Description>PAYLESS,RADIOSHACK,SW CONV</Description>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OTHER EXPENSES</Description>
        <RevenueAndExpensesPerBooks>187</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>187</NetInvestmentIncome>
        <AdjustedNetIncome>187</AdjustedNetIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
  </ReturnData>
</Return>