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      <TotRevenueEtcAuditedFinclStmt>25552058</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>1692334</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>1692334</RevenueNotRptdF990>
      <RevenueSubtotal>23859724</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>99086</InvestmentExpensesNotIncluded>
      <RevenueNotRptdOnFinStmt>99086</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>23958810</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>26073641</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>26073641</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>99086</InvestmentExpensesNotIncluded2>
      <ExpensesNotRptdOnFinStmt>99086</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>26172727</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc3">
      <GeneralExplanation>
        <Identifier>SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 4</ReturnReference>
        <Explanation>THE TRUSTEES APPROVED AN AMENDMENT ALLOWING A MEETING BY TELEPHONIC MEANS AND THE OBTAINING OF ACTION BY CONSENT TO INCLUDE ACTION BY EMAIL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11</ReturnReference>
        <Explanation>THE FORM 990 IS PROVIDED TO EACH TRUSTEE BEFORE IT IS FILED WITH THE IRS. IN ADDITION, IT IS PRESENTED AND APPROVED BY THE FULL BOARD OF TRUSTEES AT A MEETING, SUBJECT TO REVIEW AND APPROVAL OF THE FUND'S LEGAL COUNSEL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>THE FUND DID NOT HAVE ANY EMPLOYEES WHO MET THE DEFINITIONS IN THE PLAN YEAR. IF THE FUND DID HAVE EMPLOYEES THAT MET THE LISTED DEFINITIONS, THEN ANY COMPENSATION WOULD HAVE BEEN ESTABLISHED IN ACCORDANCE WITH THE PROCESS DESCRIBED IN PART VI, LINE 15A OF FORM 990.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR OFFICERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15B</ReturnReference>
        <Explanation>THE FUND DID NOT HAVE ANY EMPLOYEES WHO MET THE DEFINITIONS IN THE PLAN YEAR. IF THE FUND DID HAVE EMPLOYEES THAT MET THE LISTED DEFINITIONS, THEN ANY COMPENSATION WOULD HAVE BEEN ESTABLISHED IN ACCORDANCE WITH THE PROCESS DESCRIBED IN PART VI, LINE 15B OF FORM 990.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>NO DOCUMENTS AVAILABLE TO THE PUBLIC OTHER THAN THOSE FINANCIAL STATEMENTS MADE PART OF AND REQUIRED TO BE DISCLOSED IN GOVERNMENT FILLINGS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ADDITIONAL INFORMATION</Identifier>
        <ReturnReference>SCHEDULE O</ReturnReference>
        <Explanation>FORM 990, PART V, LINE 1C - BACKUP WITHHOLDING RULES THE FUND DID NOT HAVE ANY REPORTABLE PAYMENT TO VENDORS OR REPORTABLE GAMING (GAMBLING) WINNINGS TO PRIZE WINNERS SUBJECT TO BACKUP WITHHOLDING RULES. FORM 990, PART V, LINE 7G - CONTRIBUTIONS ON INTELLECTUAL PROPERTY THE FUND DID NOT HAVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY. IF THE FUND DID HAVE CONTRIBUTIONS OF QUALIFIED INTELLECTUAL PROPERTY, THEN THE FUND WOULD HAVE FILED THE FORM 8899 AS REQUIRED. FORM 990, PART V, LINE 7H - CONTRIBUTIONS OF VEHICLES THE FUND DID NOT HAVE CONTRIBUTIONS OF CARS, BOATS, AIRPLANES AND/OR OTHER VEHICLES. IF THE FUND DID HAVE SUCH CONTRIBUTIONS, THEN THE FUND WOULD HAVE FILED THE FORM 1098-C AS REQUIRED. FORM 990, PART VI, LINE 2 - RELATED PARTY INFORMATION AMONG OFFICERS THE RELATIONSHIP BETWEEN THE TRUSTEES OF THE FUND IS A 'BUSINESS RELATIONSHIP.' THE FUND IS ESTABLISHED AND MAINTAINED PURSUANT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED. THE FUND, AS A TAFT-HARTLEY FUND, IS ADMINISTERED BY A BOARD OF TRUSTEES WHICH IS COMPOSED OF AN EQUAL NUMBER OF UNION AND EMPLOYER REPRESENTATIVES. BECAUSE OF THIS ORGANIZATIONAL REQUIREMENT, THERE IS A BUSINESS RELATIONSHIP BETWEEN THE TRUSTEES.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>