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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="09000047" softwareVersion="2009v1.3">
      <Equipment>
        <OtherCostOrOtherBasis>46673</OtherCostOrOtherBasis>
        <Depreciation>23346</Depreciation>
        <BookValue>23327</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>23327</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>PENDING AND UNREVEALED CLAIMS</Description>
        <Amount>3080900</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>EXTENDED ELIGIBILITY</Description>
        <Amount>4045000</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DUE TO AFFILIATED FUNDS</Description>
        <Amount>936</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DEFERRED RETIREE CONTRIBUTIONS</Description>
        <Amount>295161</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>7421997</TotalOfAmounts>
      <TotalRevenue>34531885</TotalRevenue>
      <TotalExpenses>33280861</TotalExpenses>
      <ExcessOrDeficitForYear>1251024</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>338426</NetUnrealizedGLOnInvestments>
      <OtherAmount>244900</OtherAmount>
      <TotalAdjustments>583326</TotalAdjustments>
      <ExcessOrDeficitPerFS>1834350</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>34813609</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>338426</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>338426</RevenueNotRptdF990>
      <RevenueSubtotal>34475183</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>56702</InvestmentExpensesNotIncluded>
      <RevenueNotRptdOnFinStmt>56702</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>34531885</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>32979259</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>-244900</OtherExpensesIncluded>
      <ExpensesNotRptdF990>-244900</ExpensesNotRptdF990>
      <ExpensesSubtotal>33224159</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>56702</InvestmentExpensesNotIncluded2>
      <ExpensesNotRptdOnFinStmt>56702</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>33280861</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XI, Line 8</Identifier>
        <ReturnReference>Part XI, Line 8: Other Changes in Net Assets or Fund Balances</ReturnReference>
        <Explanation>CHANGE IN CURRENT BENEFIT OBLIGATIONS $244900 CHANGE IN CURRENT BENEFIT OBLIGATIONS $ -0</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>A SUMMARY ANNUAL REPORT IS DISTRIBUTED TO ALL PARTICIPANTS. PARTICIPANTS ARE ABLE TO REQUEST THE AUDITOR'S REPORT AND OTHER FINANCIAL INFORMATION FROM THE PLAN ADMINISTRATOR AND/OR THE US DEPARTMENT OF LABOR. ALSO, FORM 5500 IS OPEN TO PUBLIC INSPECTION THROUGH THE US DEPARTMENT OF LABOR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>THE TRUSTEES ARE GOVERNED BY THE TRUST DOCUMENT AND HAVE A FIDUCIARY RESPONSIBILITY UNDER ERISA TO ADMINISTER THE PLAN IN THE BEST INTEREST OF THE MEMBERSHIP. THE US DEPARTMENT OF LABOR REQUIRES ALL LABOR TRUSTEES TO REPORT ON FORM LM-30 POTENTIAL SITUATIONS WHERE THERE MAY BE CONFLICTS OF INTEREST. THIS INFORMATION IS OPEN TO THE PUBLIC.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>THE TRUSTEES AUTHORIZE THE FUND'S ADMINISTRATOR AND A DESIGNATED TRUSTEE TO REVIEW THE FORM 990 BEFORE IT IS FILED.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>MILWAUKEE DRIVERS PENSION FUND</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>2100 N MAYFAIR RD SUITE 100</AddressLine1>
          <City>MILWAUKEE</City>
          <State>WI</State>
          <ZIPCode>53226</ZIPCode>
        </AddressUS>
        <EIN>396045229</EIN>
        <PrimaryActivities>PROVIDE PENSION BENEFITS FOR ELIGIBLE MEMBERS</PrimaryActivities>
        <LegalDomicileState>WI</LegalDomicileState>
        <ExemptCodeSection>401A</ExemptCodeSection>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>