TY 2011 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2011

For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
AT BRIGHTWELL SCHOOL TRUST

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2450 Room/suite

City or town, state, and ZIP code
MONTGOMERY, AL361022450

A Employer identification number

63-6019162

B Telephone number (see page 10 of the instructions)

(334) 230-6100

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,597,141J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	28,879		28,879
4	Dividends and interest from securities......	23,980		23,980
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		59,589
b	Gross sales price for all assets on line 6a 915,173
7	Capital gain net income (from Part IV, line 2)...			59,589
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		923
12	Total. Add lines 1 through 11........	113,371		112,448
13	Compensation of officers, directors, trustees, etc.	14,904		14,904
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		4,145		4,145
b	Accounting fees (attach schedule).......		900		900
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	19,949		14,904	5,045
25	Contributions, gifts, grants paid........	67,785			67,785
26	Total expenses and disbursements. Add lines 24 and 25	87,734		14,904	72,830
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	25,637
b	Net investment income (if negative, enter -0-)			97,544
c	Adjusted net income (if negative, enter -0-)...

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2011)

Form 990-PF (2011)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	29,594	11,057	11,057
	2	Savings and temporary cash investments..........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	1,407,314	1,451,641	1,586,083
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	154	1	1
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,437,062	1,462,699	1,597,141
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	1,437,062	1,462,699
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	1,437,062	1,462,699
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	1,437,062	1,462,699

Part III	Analysis of Changes in Net Assets or Fund Balances
1	Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
	with end-of-year figure reported on prior year’s return)...............	1	1,437,062
2	Enter amount from Part I, line 27a.....................	2	25,637
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	1,462,699
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,462,699

Form 990-PF (2011)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	ABBOTT LABS	P	2009-11-09	2011-05-19
b	CA INC DTD 11/13/09 5.375% 12/01/201	P	2010-04-16	2011-05-06
c	CONOCOPHILLIPS	P	2009-11-09	2011-05-19
d	FEDERAL HOME LOAN MTG CORP POOL G12	P	2009-12-14	2011-02-15
e	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-06-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-11-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-08-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-11-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-08-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-09-26
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-11-25
	HEWLETT-PACKARD CO DTD 12/02/2010 2.	P	2011-06-07	2011-10-06
	MATTEL INC	P	2010-05-26	2011-05-19
	MORGAN STANLEY GROUP INC	P	2009-11-09	2011-05-19
	PHILIP MORRIS INTERNATIONAL INC	P	2009-11-09	2011-05-19
	TELEFONICA EMISIONES SAU DTD 02/16/2	P	2011-06-07	2011-11-04
	UNITED STATES TREASURY INFLATION IND	P	2011-06-07	2011-08-25
	UNITED STATES TREASURY N/B DTD 11/30	P	2010-12-07	2011-01-28
	US BANCORP DEL	P	2009-11-09	2011-05-19
	AFLAC INC DTD 5/21/09 8.5% 05/15/201	P	2011-06-15	2011-11-04
	CATERPILLAR INC	P	2010-02-17	2011-05-19
	CONOCOPHILLIPS DTD 2/3/09 6.5% 02/01	P	2009-12-14	2011-03-24
	FEDERAL HOME LOAN MTG CORP POOL G12	P	2009-12-14	2011-03-15
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-07-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-12-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-09-26
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-12-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-09-26
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-10-25
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-12-27
	ILLINOIS TOOL WORKS INC	P	2009-11-09	2011-05-19
	MATTEL INC	P	2010-08-12	2011-05-19
	MORGAN STANLEY GROUP INC	P	2009-12-11	2011-05-19
	PRAXAIR INC	P	2009-11-09	2011-05-19
	TENNESSEE VALLEY AUTHORITY SER A PUT	P	2011-06-07	2011-07-07
	UNITED STATES TREASURY INFLATION IND	P	2009-12-14	2011-04-07
	UNITED STATES TREASURY N/B DTD 11/30	P	2010-09-13	2011-02-14
	VERIZON COMMUNICATIONS	P	2009-11-09	2011-05-19
	AMERICAN EXPRESS CREDIT CORP SERIES:	P	2011-08-22	2011-10-06
	CATERPILLAR INC DTD 12/05/08 7.9% 12	P	2011-06-07	2011-10-06
	CONOCOPHILLIPS DTD 2/3/09 6.5% 02/01	P	2009-12-14	2011-03-25
	FEDERAL HOME LOAN MTG CORP POOL G12	P	2009-12-14	2011-04-15
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-08-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-01-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-10-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-07-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-10-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-11-25
	GALLAGHER ARTHUR J & CO	P	2010-08-12	2011-05-19
	INTEL CORP	P	2010-08-12	2011-05-19
	MATTEL INC	P	2009-11-09	2011-05-19
	MORGAN STANLEY GROUP INC	P	2010-02-17	2011-05-19
	PROGRESS ENERGY INC	P	2010-02-17	2011-02-04
	TENNESSEE VALLEY AUTHORITY SER A PUT	P	2011-06-07	2011-10-06
	UNITED STATES TREASURY INFLATION IND	P	2009-12-14	2011-05-06
	UNITED STATES TREASURY N/B DTD 11/30	P	2011-05-06	2011-06-07
	VERIZON COMMUNICATIONS 5.55% 02/15/2	P	2009-12-15	2011-03-10
	ANHEUSER-BUSCH INBEV WOR DTD 01/27/2	P	2011-06-07	2011-10-06
	CHEVRON CORP	P	2009-11-09	2011-05-19
	CREDIT SUISSE NEW YORK DTD 5/4/09 5.	P	2010-08-09	2011-05-06
	FEDERAL HOME LOAN MTG CORP POOL G12	P	2009-12-14	2011-05-16
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-09-26
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-02-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-11-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-08-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-11-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-12-27
	GALLAGHER ARTHUR J & CO	P	2009-11-09	2011-05-19
	INTEL CORP	P	2009-11-09	2011-05-19
	MCDONALDS CORP	P	2009-11-09	2011-05-19
	NEXTERA ENERGY, INC.	P	2010-05-26	2011-05-19
	PROGRESS ENERGY INC	P	2010-05-26	2011-02-04
	TIME WARNER CABLE 6.75% 07/01/2018	P	2011-06-07	2011-10-06
	UNITED STATES TREASURY INFLATION IND	P	2009-12-14	2011-08-25
	UNITED STATES TREASURY N/B DTD 11/30	P	2011-05-26	2011-06-07
	VERIZON COMMUNICATIONS 5.55% 02/15/2	P	2010-01-12	2011-03-10
	AT&T INC	P	2009-11-09	2011-05-19
	CITIGROUP INC DTD 06/15/2010 6% 12/1	P	2011-06-07	2011-11-04
	CREDIT SUISSE NEW YORK DTD 5/4/09 5.	P	2011-06-07	2011-08-09
	FEDERAL HOME LOAN MTG CORP POOL G12	P	2009-12-14	2011-06-15
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-10-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-03-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-12-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-09-26
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-12-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-11-04	2011-12-27
	GENERAL ELECTRIC CAPITAL CORP DTD 02	P	2011-02-09	2011-04-07
	INTEL CORP DTD 09/19/2011 3.3% 10/01	P	2011-09-14	2011-10-06
	MCGRAW HILL INC	P	2010-08-12	2011-07-20
	NORFOLK SOUTHERN CORP	P	2010-08-12	2011-05-19
	PROGRESS ENERGY INC	P	2009-11-09	2011-02-04
	TOYOTA MOTOR CREDIT CORP SERIES MTN	P	2011-09-08	2011-10-06
	UNITED STATES TREASURY INFLATION IND	P	2010-01-11	2011-08-25
	UNITED STATES TREASURY N/B DTD 11/30	P	2011-05-26	2011-06-15
	VERIZON COMMUNICATIONS DTD 03/28/201	P	2011-03-25	2011-10-06
	AT&T INC DTD 05/13/08 5.6% 05/15/201	P	2011-06-07	2011-10-06
	CITIGROUP INC FDIC GUARANTEED DTD 08	P	2011-06-07	2011-07-07
	CREDIT SUISSE NEW YORK DTD 5/4/09 5.	P	2011-06-07	2011-10-07
	FEDERAL HOME LOAN MTG CORP POOL G12	P	2009-12-14	2011-07-15
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-11-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-04-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-01-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-10-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-07-25
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-01-25
	GENERAL ELECTRIC CO	P	2010-03-26	2011-05-19
	J P MORGAN CHASE & CO	P	2009-11-09	2011-05-19
	MCGRAW HILL INC	P	2009-11-09	2011-05-19
	NORFOLK SOUTHERN CORP	P	2009-11-09	2011-05-19
	PRUDENTIAL FINANCIAL DTD 11/18/2010	P	2011-06-07	2011-08-09
	TRAVELERS COMPANIES, INC.	P	2009-12-11	2011-05-19
	UNITED STATES TREASURY INFLATION IND	P	2010-03-08	2011-08-25
	UNITED STATES TREASURY N/B DTD 11/30	P	2011-05-26	2011-08-18
	VF CORP	P	2010-08-12	2011-05-19
	AUTOMATIC DATA PROCESSING INC	P	2009-11-09	2011-05-19
	CITIGROUP INC FDIC GUARANTEED DTD 08	P	2011-06-07	2011-10-06
	CSX CORP DTD 3/27/08 6.25% 04/01/201	P	2011-06-07	2011-10-06
	FEDERAL HOME LOAN MTG CORP POOL G12	P	2009-12-14	2011-08-09
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-12-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-05-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-02-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-11-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-08-25
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-02-25
	GENERAL ELECTRIC CO 5% 02/01/2013	P	2009-12-14	2011-02-09
	J P MORGAN CHASE & CO DTD 04/23/09 6	P	2011-06-07	2011-10-06
	MCGRAW HILL INC	P	2009-11-09	2011-07-20
	NUCOR CORP	P	2009-11-09	2011-05-19
	PRUDENTIAL FINANCIAL DTD 11/18/2010	P	2011-06-07	2011-10-06
	TRAVELERS COMPANIES, INC. CALLABLE S	P	2009-12-14	2011-05-06
	UNITED STATES TREASURY INFLATION IND	P	2011-08-25	2011-10-06
	UNITED STATES TREASURY N/B DTD 11/30	P	2011-05-26	2011-08-24
	VF CORP	P	2010-02-17	2011-05-19
	BARCLAYS BANK PLC DTD 04/07/2010 3.9	P	2011-06-07	2011-10-06
	CITIGROUP INC FDIC GUARANTEED DTD 08	P	2009-12-15	2011-01-28
	CVS/CAREMARK CORPORATION DTD 9/11/09	P	2011-06-07	2011-08-09
	FEDERAL HOME LOAN MTG CORP POOL G12	P	2009-12-14	2011-08-15
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-07-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-06-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-03-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-12-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-09-26
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-03-25
	GENERAL ELECTRIC CO 5% 02/01/2013	P	2009-12-14	2011-02-09
	JOHN DEERE CAPITAL CORP INSD: FDIC D	P	2011-06-07	2011-07-07
	MCGRAW HILL INC	P	2010-05-26	2011-07-20
	NYSE EURONEXT	P	2011-02-04	2011-05-19
	PRUDENTIAL FINANCIAL INC	P	2010-08-12	2011-05-19
	TRAVELERS COMPANIES, INC. CALLABLE S	P	2009-12-14	2011-05-10
	UNITED STATES TREASURY N/B DTD 02/17	P	2011-02-14	2011-06-10
	UNITED STATES TREASURY N/B DTD 11/30	P	2011-04-07	2011-09-13
	VF CORP	P	2010-02-17	2011-10-03
	BB& T CORPORATION DTD 7/27/09 3.85%	P	2011-06-07	2011-10-06
	CLOROX CO	P	2010-08-12	2011-05-19
	CVS/CAREMARK CORPORATION DTD 9/11/09	P	2011-06-07	2011-10-06
	FEDERAL NATIONAL MORTGAGE ASSN 5% 03	P	2011-06-07	2011-07-07
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-08-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-07-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-04-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-01-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-10-25
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-04-25
	GENERAL ELECTRIC CO 5% 02/01/2013	P	2009-12-14	2011-05-06
	JOHN DEERE CAPITAL CORP INSD: FDIC D	P	2011-06-07	2011-10-06
	MEADWESTVACO CORPORATION	P	2010-08-12	2011-05-19
	OCCIDENTAL PETE CORP	P	2009-11-09	2011-05-19
	PRUDENTIAL FINANCIAL INC	P	2009-11-09	2011-05-19
	TRAVELERS COMPANIES, INC. CALLABLE S	P	2010-01-11	2011-05-10
	UNITED STATES TREASURY N/B DTD 02/17	P	2011-06-07	2011-06-10
	UNITED STATES TREASURY N/B DTD 11/30	P	2011-05-26	2011-09-13
	VF CORP	P	2010-02-17	2011-10-13
	BB& T CORPORATION DTD 7/27/09 3.85%	P	2010-04-27	2011-10-28
	CLOROX CO	P	2009-11-09	2011-05-19
	DIRECTV HOLDGS/FING DTD 03/11/2010 3	P	2011-06-08	2011-10-06
	FEDERAL NATIONAL MORTGAGE ASSN 5% 03	P	2011-06-07	2011-10-06
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-09-26
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-08-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-05-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-02-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-11-25
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-05-25
	GENUINE PARTS CO	P	2010-05-26	2011-05-19
	JOHNSON & JOHNSON	P	2009-11-09	2011-05-19
	MERCK & CO. INC. NEW	P	2009-11-09	2011-05-19
	ONTARIO (PROVINCE OF) DTD 01/27/2011	P	2011-06-07	2011-10-06
	SOUTHERN CO	P	2009-11-09	2011-05-19
	TRAVELERS COMPANIES, INC. CALLABLE S	P	2010-03-08	2011-05-10
	UNITED STATES TREASURY N/B DTD 06/01	P	2011-10-06	2011-11-09
	UNITED STATES TREASURY N/B DTD 11/30	P	2011-04-07	2011-09-15
	WACHOVIA CORP DTD 06/08/07 5.75% 06/	P	2011-06-07	2011-10-06
	BB& T CORPORATION DTD 7/27/09 3.85%	P	2010-04-28	2011-10-28
	CLOROX CO	P	2009-11-09	2011-07-20
	DOMINION RES INC VA NEW	P	2009-11-09	2011-05-19
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-01-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-10-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-09-26
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-06-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-03-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-12-27
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-06-27
	GENUINE PARTS CO	P	2010-08-12	2011-05-19
	KIMBERLY CLARK CORP	P	2009-11-09	2011-05-19
	MERRILL LYNCH & CO 6.11% 01/29/2037	P	2010-04-19	2011-05-06
	ORACLE CORPORATION DTD 04/09/08 5.75	P	2011-06-07	2011-10-06
	SPECTRA ENERGY CORP	P	2010-05-26	2011-05-19
	UNITED STATES TREASURY 5.375% 02/15/	P	2010-12-10	2011-06-10
	UNITED STATES TREASURY N/B DTD 06/01	P	2011-10-06	2011-11-14
	UNITED STATES TREASURY N/B DTD 11/30	P	2011-07-07	2011-09-15
	WASTE MANAGEMENT INC	P	2010-08-12	2011-05-19
	BB& T CORPORATION DTD 7/27/09 3.85%	P	2010-06-08	2011-10-28
	COCA COLA CO	P	2009-11-09	2011-05-19
	DUKE ENERGY CORPORATION	P	2009-11-09	2011-05-19
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-02-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-11-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-10-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-07-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-04-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-09-26
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-07-25
	GENUINE PARTS CO	P	2009-11-09	2011-05-19
	KRAFT FOODS INC DTD 02/08/2010 4.125	P	2011-06-07	2011-08-09
	MICROSOFT CORP	P	2009-11-09	2011-10-03
	PAYCHEX INC	P	2009-11-09	2011-05-19
	SPECTRA ENERGY CORP	P	2009-11-09	2011-05-19
	UNITED STATES TREASURY 6.25% 08/15/2	P	2011-06-07	2011-08-09
	UNITED STATES TREASURY N/B DTD 08/16	P	2011-06-07	2011-10-06
	UNITED STATES TREASURY N/B DTD 11/30	P	2011-09-01	2011-09-30
	WASTE MANAGEMENT INC	P	2009-11-09	2011-05-19
	BB&T CORP	P	2009-11-09	2011-05-19
	COMCAST CORP DTD 06/18/09 5.7% 07/01	P	2011-06-07	2011-10-06
	EATON CORP	P	2009-11-09	2011-02-04
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-03-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-12-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-11-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-08-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-05-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-10-25
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-08-25
	GOLDMAN SACHS GROUP INC DTD 2/5/09 7	P	2011-06-07	2011-08-09
	KRAFT FOODS INC DTD 02/08/2010 4.125	P	2010-02-05	2011-05-06
	MORGAN STANLEY DTD 11/20/2009 4.2% 1	P	2011-05-06	2011-10-06
	PETROBRAS INTL FIN CO DTD 10/30/09 5	P	2011-06-13	2011-10-07
	TALISMAN ENERGY INC DTD 6/1/09 7.75%	P	2011-06-07	2011-08-12
	UNITED STATES TREASURY 6.25% 08/15/2	P	2011-02-14	2011-10-06
	UNITED STATES TREASURY N/B DTD 11/15	P	2011-06-13	2011-08-09
	UNITED STATES TREASURY N/B DTD 11/30	P	2009-12-15	2011-09-30
	3M CO.	P	2009-11-09	2011-05-19
	BRISTOL MYERS SQUIBB CO	P	2009-11-09	2011-05-19
	CONAGRA FOODS INC	P	2010-05-26	2011-05-19
	EXXON MOBIL CORP	P	2009-11-09	2011-05-19
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-04-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-09-26
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-12-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-09-26
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-06-27
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-11-25
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-09-26
	GOLDMAN SACHS GROUP INC DTD 5/6/09 6	P	2011-06-07	2011-08-09
	LEGGETT & PLATT INC	P	2010-08-30	2011-05-19
	MORGAN STANLEY GROUP INC	P	2010-05-26	2011-05-19
	PFIZER INC DTD 3/24/09 6.2% 03/15/20	P	2011-06-07	2011-08-09
	TALISMAN ENERGY INC DTD 6/1/09 7.75%	P	2011-06-07	2011-11-07
	UNITED STATES TREASURY 6.25% 08/15/2	P	2011-06-07	2011-10-06
	UNITED STATES TREASURY N/B DTD 11/15	P	2011-06-13	2011-10-06
	UNITED STATES TREASURY N/B DTD 11/30	P	2010-09-13	2011-09-30
	CA INC DTD 11/13/09 5.375% 12/01/201	P	2011-06-07	2011-10-06
	CONAGRA FOODS INC	P	2010-08-12	2011-05-19
	FEDERAL HOME LOAN MTG CORP POOL G12	P	2009-12-14	2011-01-18
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2010-03-08	2011-05-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-10-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-06-07	2011-07-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-10-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2009-12-14	2011-07-25
	FEDERAL NATIONAL MORTGAGE ASSN POOL	P	2011-08-09	2011-12-27
	FEDERAL NATL MTG ASSN POOL 667019 D	P	2009-12-14	2011-10-25
	HESS CORPORATION DTD 2/3/09 8.125% 0	P	2011-06-07	2011-10-06
	LOCKHEED MARTIN CORP	P	2011-02-04	2011-05-19
	MORGAN STANLEY GROUP INC	P	2010-08-12	2011-05-19
	PFIZER INC DTD 3/24/09 6.2% 03/15/20	P	2010-02-05	2011-10-06
	TARGET CORP CALLABLE 5.375% 05/01/20	P	2011-06-07	2011-10-06
	UNITED STATES TREASURY INFLATION IND	P	2011-06-07	2011-08-09
	UNITED STATES TREASURY N/B DTD 11/30	P	2010-09-13	2011-01-28
	UNITED STATES TREASURY N/B DTD 11/30	P	2009-12-15	2011-10-06

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,133	2,091	42
b	1,065	1,030	35
c	5,442	3,973	1,469
d	1,833	1,950	-117
e	33	36	-3
	479	517	-38
	432	478	-46
	1,066	1,144	-78
	320	343	-23
	360	379	-19
	550	586	-36
	993	1,006	-13
	401	323	78
	9,664	13,476	-3,812
	5,586	4,000	1,586
	989	1,046	-57
	4,701	4,549	152
	4,017	4,015	2
	3,324	3,172	152
	1,250	1,233	17
	8,410	4,610	3,800
	3,440	3,345	95
	1,385	1,474	-89
	113	120	-7
	444	479	-35
	439	486	-47
	1,047	1,123	-76
	303	325	-22
	758	796	-38
	612	652	-40
	6,313	5,452	861
	2,676	2,165	511
	121	152	-31
	4,188	3,328	860
	1,056	1,057	-1
	1,089	1,035	54
	15,058	15,042	16
	4,454	3,410	1,044
	998	1,021	-23
	1,330	1,281	49
	4,572	4,460	112
	1,057	1,124	-67
	42	44	-2
	771	820	-49
	424	470	-46
	362	394	-32
	261	280	-19
	582	611	-29
	2,173	1,855	318
	2,438	2,063	375
	1,739	1,309	430
	242	274	-32
	226	190	36
	3,122	3,123	-1
	1,117	1,041	76
	6,018	6,000	18
	6,740	6,468	272
	1,047	1,026	21
	5,191	3,898	1,293
	1,106	1,089	17
	1,097	1,167	-70
	61	65	-4
	599	637	-38
	471	522	-51
	365	398	-33
	292	313	-21
	677	711	-34
	1,594	1,271	323
	1,509	1,262	247
	2,047	1,567	480
	1,458	1,225	233
	226	191	35
	1,155	1,163	-8
	34,076	30,695	3,381
	149,448	149,476	-28
	1,123	1,073	50
	2,494	2,094	400
	1,059	1,078	-19
	1,100	1,104	-4
	981	1,044	-63
	17	18	-1
	545	579	-34
	393	436	-43
	373	406	-33
	360	386	-26
	103	109	-6
	1,019	1,012	7
	1,027	998	29
	3,007	2,052	955
	2,897	2,205	692
	13,343	11,180	2,163
	1,009	997	12
	3,526	3,175	351
	18,052	18,057	-5
	1,215	1,007	208
	1,154	1,120	34
	1,025	1,028	-3
	1,051	1,098	-47
	939	999	-60
	34	37	-3
	577	614	-37
	1,674	1,796	-122
	352	383	-31
	211	228	-17
	1,396	1,486	-90
	5,367	5,009	358
	3,501	3,505	-4
	8,159	5,772	2,387
	2,897	2,084	813
	1,040	1,010	30
	4,988	4,047	941
	3,528	3,164	364
	5,010	5,000	10
	3,038	2,318	720
	6,510	5,141	1,369
	3,065	3,085	-20
	1,145	1,141	4
	36,179	35,702	477
	44	47	-3
	442	470	-28
	1,653	1,774	-121
	341	372	-31
	228	246	-18
	1,496	1,593	-97
	1,068	1,045	23
	1,116	1,143	-27
	7,518	5,316	2,202
	2,978	2,890	88
	993	1,010	-17
	3,328	3,270	58
	3,171	3,166	5
	4,008	4,000	8
	2,533	1,912	621
	972	1,052	-80
	15,436	15,182	254
	1,107	1,034	73
	1,028	1,094	-66
	634	694	-60
	470	500	-30
	1,468	1,575	-107
	431	469	-38
	234	253	-19
	1,638	1,744	-106
	7,474	7,313	161
	1,024	1,027	-3
	1,933	1,267	666
	4,238	3,922	316
	2,888	2,516	372
	2,195	2,180	15
	8,002	7,365	637
	5,007	5,000	7
	1,187	765	422
	1,023	1,026	-3
	1,763	1,616	147
	1,149	1,034	115
	1,140	1,146	-6
	543	594	-51
	427	455	-28
	1,535	1,647	-112
	547	587	-40
	253	273	-20
	1,081	1,151	-70
	7,474	7,276	198
	3,054	3,081	-27
	8,700	5,731	2,969
	5,584	4,575	1,009
	321	235	86
	1,098	1,078	20
	889	872	17
	4,006	4,000	6
	15,037	8,795	6,242
	6,136	6,085	51
	1,058	915	143
	1,040	1,050	-10
	2,330	2,277	53
	607	664	-57
	354	376	-22
	1,338	1,436	-98
	531	569	-38
	275	297	-22
	483	514	-31
	545	402	143
	3,291	3,020	271
	929	834	95
	2,019	2,021	-2
	1,417	1,118	299
	1,098	1,057	41
	8,030	8,029	1
	1,001	1,000	1
	1,126	1,131	-5
	1,023	1,015	8
	13,078	10,673	2,405
	2,874	2,189	685
	50	53	-3
	608	665	-57
	416	442	-26
	1,226	1,316	-90
	424	455	-31
	279	302	-23
	564	600	-36
	1,906	1,501	405
	2,046	1,914	132
	987	939	48
	1,190	1,148	42
	1,639	1,181	458
	8,446	8,094	352
	8,029	8,028	1
	8,012	8,000	12
	1,952	1,662	290
	1,023	1,014	9
	3,408	2,759	649
	1,801	1,551	250
	81	86	-5
	707	774	-67
	402	427	-25
	1,284	1,378	-94
	445	477	-32
	504	523	-19
	740	788	-48
	2,995	2,023	972
	1,093	1,069	24
	742	864	-122
	5,382	5,265	117
	2,185	1,566	619
	1,359	1,283	76
	2,017	2,010	7
	18,020	18,032	-12
	1,952	1,615	337
	3,244	2,987	257
	1,154	1,115	39
	18,581	11,093	7,488
	58	61	-3
	722	790	-68
	434	461	-27
	1,137	1,220	-83
	338	362	-24
	867	899	-32
	905	963	-58
	1,154	1,169	-15
	1,056	1,005	51
	922	1,041	-119
	2,048	2,130	-82
	1,262	1,249	13
	1,426	1,217	209
	1,023	979	44
	32,036	31,937	99
	1,410	1,149	261
	2,134	1,730	404
	379	361	18
	6,143	5,466	677
	57	61	-4
	396	427	-31
	418	445	-27
	1,178	1,264	-86
	339	364	-25
	768	797	-29
	761	810	-49
	1,076	1,096	-20
	5,740	4,244	1,496
	483	539	-56
	1,239	1,182	57
	1,222	1,242	-20
	2,851	2,560	291
	5,341	4,895	446
	22,025	22,039	-14
	1,083	1,075	8
	3,413	2,925	488
	2,004	2,131	-127
	99	105	-6
	390	421	-31
	400	443	-43
	1,134	1,217	-83
	362	388	-26
	651	676	-25
	864	920	-56
	1,270	1,272	-2
	3,207	3,235	-28
	2,295	2,514	-219
	1,240	1,104	136
	1,159	1,146	13
	1,183	1,138	45
	4,017	4,012	5
	10,011	9,980	31

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			42
b			35
c			1,469
d			-117
e			-3
			-38
			-46
			-78
			-23
			-19
			-36
			-13
			78
			-3,812
			1,586
			-57
			152
			2
			152
			17
			3,800
			95
			-89
			-7
			-35
			-47
			-76
			-22
			-38
			-40
			861
			511
			-31
			860
			-1
			54
			16
			1,044
			-23
			49
			112
			-67
			-2
			-49
			-46
			-32
			-19
			-29
			318
			375
			430
			-32
			36
			-1
			76
			18
			272
			21
			1,293
			17
			-70
			-4
			-38
			-51
			-33
			-21
			-34
			323
			247
			480
			233
			35
			-8
			3,381
			-28
			50
			400
			-19
			-4
			-63
			-1
			-34
			-43
			-33
			-26
			-6
			7
			29
			955
			692
			2,163
			12
			351
			-5
			208
			34
			-3
			-47
			-60
			-3
			-37
			-122
			-31
			-17
			-90
			358
			-4
			2,387
			813
			30
			941
			364
			10
			720
			1,369
			-20
			4
			477
			-3
			-28
			-121
			-31
			-18
			-97
			23
			-27
			2,202
			88
			-17
			58
			5
			8
			621
			-80
			254
			73
			-66
			-60
			-30
			-107
			-38
			-19
			-106
			161
			-3
			666
			316
			372
			15
			637
			7
			422
			-3
			147
			115
			-6
			-51
			-28
			-112
			-40
			-20
			-70
			198
			-27
			2,969
			1,009
			86
			20
			17
			6
			6,242
			51
			143
			-10
			53
			-57
			-22
			-98
			-38
			-22
			-31
			143
			271
			95
			-2
			299
			41
			1
			1
			-5
			8
			2,405
			685
			-3
			-57
			-26
			-90
			-31
			-23
			-36
			405
			132
			48
			42
			458
			352
			1
			12
			290
			9
			649
			250
			-5
			-67
			-25
			-94
			-32
			-19
			-48
			972
			24
			-122
			117
			619
			76
			7
			-12
			337
			257
			39
			7,488
			-3
			-68
			-27
			-83
			-24
			-32
			-58
			-15
			51
			-119
			-82
			13
			209
			44
			99
			261
			404
			18
			677
			-4
			-31
			-27
			-86
			-25
			-29
			-49
			-20
			1,496
			-56
			57
			-20
			291
			446
			-14
			8
			488
			-127
			-6
			-31
			-43
			-83
			-26
			-25
			-56
			-2
			-28
			-219
			136
			13
			45
			5
			31

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	59,589
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3	11,979

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2010
2009
2008
2007
2006

2	Total of line 1, column (d) ......................	2
3	Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years. . .	3
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4
5	Multiply line 4 by line 3.......................	5
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6
7	Add lines 5 and 6.........................	7
8	Enter qualifying distributions from Part XII, line 4..............	8
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2011)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,951
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	1,951
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,951
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	508
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	508
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,443
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax0	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

AL, GA

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV..........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

REGIONS BANK TRUST DEPARTMENT Telephone no. bullet

(334) 230-6100

Located at bullet

201 MONROE STREET 4TH FLOORMONTGOMERYAL ZIP+4 bullet

36104

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2011)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2011?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2011, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2011?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2011.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2011)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
REGIONS BANK TRUST DEPARTMENT	TRUSTEE 5.00	14,904	0	0
201 MONROE STREET 4TH FLOOR MONTGOMERY,AL36104	TRUSTEE 5.00	14,904	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2011)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	N/A
2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3.......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,534,113

Average of monthly cash balances.......................

53,053

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

1,587,166

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,587,166

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ...........................

23,807

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,563,359

Minimum investment return. Enter 5% of line 5..................

78,168

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

78,168

Tax on investment income for 2011 from Part VI, line 5......

1,951

Income tax for 2011. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,951

Distributable amount before adjustments. Subtract line 2c from line 1............

76,217

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

76,217

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

76,217

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

72,830

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

72,830

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............

Adjusted qualifying distributions. Subtract line 5 from line 4..............

72,830

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2011)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

	(c) 2010	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7		76,217
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......	67,785
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2011:
a From 2006.......
b From 2007.......
c From 2008.......
d From 2009.......
e From 2010.......
fTotal of lines 3a through e.........
4Qualifying distributions for 2011 from Part
XII, line 4: $ 72,830
a Applied to 2010, but not more than line 2a	67,785
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2011 distributable amount.....		5,045
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2011.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...
e Undistributed income for 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........		71,172
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2007....
b Excess from 2008....
c Excess from 2009....
d Excess from 2010....
e Excess from 2011....

Form 990-PF (2011)

Page 9

Part XIV

Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2011, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2011	(b) 2010	(c) 2009	(d) 2008	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see page 27 of the instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2011)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AT BRIGHTWELL SCHOOL PO BOX 360 LEXINGTON,GA30648			EDUCATIONAL	67,785
Total ................................. 3a				67,785

bApproved for future payment

Total ................................. 3b

Form 990-PF (2011)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	28,879
4 Dividends and interest from securities....			14	23,980
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory			18	59,589
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aFEDERAL EXCISE TAX REFUND			1	923
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				113,371

13Total. Add line 12, columns (b), (d), and (e)..................

13113,371

(See worksheet in line 13 instructions on page 28 to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)

Form 990-PF (2011)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
DR PEPPER SNAPPLE GROUP	AT COST	14,169	13,817
FEDERAL NATIONAL MORT 4.5% 6/01/41	AT COST	8,090	8,141
3M CO	AT COST	13,980	15,119
ABBOTT LABS	AT COST	13,417	14,619
AFLAC INC	AT COST	15,792	16,654
AFLAC INC DTD 8.5% 05/15/19	AT COST	7,372	7,352
AMERICAN EXPRESS CREDIT CORP 2.75%	AT COST	8,156	8,041
ANHEUSER BUSCH INBEV WOR DTD	AT COST	8,040	8,440
AT&T INC	AT COST	12,421	14,212
AT&T INC 5.6% 5/15/18	AT COST	7,415	8,133
AUTOMATIC DATA PROCESSING INC	AT COST	12,379	15,392
BARCLAYS BANK PLC 3.9% 4/7/15	AT COST	8,008	8,033
BB&T CORP	AT COST	14,979	15,856
BB&T CORPORATION 3.85% 7/27/12	AT COST
BLACKROCK INC	AT COST	15,833	16,041
BRISTOL MYERS SQUIBB CO	AT COST	10,031	15,328
CA INC 5.375% 12/1/19	AT COST	7,132	7,634
CATERPILLAR INC	AT COST	11,681	16,760
CATERPILLAR INC 7.9% 12/15/18	AT COST	7,161	7,987
CHEVRON CORP	AT COST	11,659	15,427
CITIGROUP INC 2.25% 12/10/12	AT COST	24,316	24,445
CITIGROUP INC 6% 12/13/13	AT COST	7,431	7,242
CLOROX CO	AT COST
COCA COLA CO	AT COST	11,496	14,344
COMCAST CORP 5.7% 7/1/19	AT COST	7,409	8,121
CONAGRA FOODS INC	AT COST	12,181	14,652
CONOCOPHILLIPS	AT COST	11,450	15,303
CONOCOPHILLIPS 6.5% 2/1/39	AT COST
CREDIT SUISSE NEW YORK 5.5% 5/1/14	AT COST	16,005	15,591
CSX CORP 6.25% 4/1/15	AT COST	7,592	7,998
CVS/CAREMARK CORP 6.125% 9/15/39	AT COST	6,956	8,518
DARDEN RESTAURANTS INC	AT COST	14,064	13,674
DIRECTV HOLDGS/FING 3.55% 3/15/15	AT COST	8,229	8,327
DOMINION RES INC	AT COST	9,741	14,066
DUKE ENERGY CORP 2.15% 11/15/16	AT COST	8,007	8,023
DUKE ENERGY CORPORATION	AT COST	10,996	14,740
EATON CORP	AT COST
EXELON CORP	AT COST	14,333	13,662
EXXON MOBIL CORP	AT COST	12,844	15,681
FEDERAL NATIONAL MORT 3.5% 09/01/25	AT COST	15,537	15,674
FEDERAL NATIONAL MORT 4% 03/01/26	AT COST	15,653	15,737
FEDERAL NATIONAL MORT 5% 02/01/24	AT COST	8,466	8,457
FEDERAL NATIONAL MORT 5% 06/01/35	AT COST	16,209	16,252
FEDERAL NATIONAL MORT 5% 12/1/20	AT COST	17,048	17,330
FEDERAL NATIONAL MORT 5% 3/15/16	AT COST	15,116	16,314
FEDERAL NATIONAL MORT 5.5% 1/01/32	AT COST	25,962	25,941
FEDERAL NATIONAL MORT 5.5% 01/01/18	AT COST	12,836	12,808
FEDERAL NATIONAL MORT 5.5% 11/1/23	AT COST	10,660	10,816
FEDERAL NATIONAL MORT 5.5% 11/1/32	AT COST	35,357	36,303
FEDERAL NATIONAL MORT 6% 01/01/37	AT COST	2,335	2,421
FEDERAL NATIONAL MORT 6% 1/1/37	AT COST
FEDERAL NATIONAL MORT 6% 12/01/36	AT COST	17,052	16,998
FEDERAL NATIONAL MORT 6% 3/1/37	AT COST	46,732	48,170
FHLM 5% 6/1/21	AT COST
GALLAGHER ARTHUR J & CO	AT COST	12,029	17,054
GENERAL ELECTRIC CAP 5.3% 2/11/21	AT COST	8,067	8,552
GENERAL ELECTRIC CAP 5.875% 01/14/38	AT COST	8,265	8,477
GENERAL ELECTRIC CO	AT COST	14,987	15,940
GENERAL ELECTRIC CO 5% 2/1/13	AT COST
GENUINE PARTS CO	AT COST	10,321	16,218
GOLDMAN SACHS GROUP INC 6% 5/1/14	AT COST	8,514	8,332
GOLDMAN SACHS GROUP INC 7.5% 2/15/19	AT COST	7,611	7,731
HESS CORP 8.125% 2/15/19	AT COST	7,103	7,702
HEWLETT-PACKARD CO 2.2% 12/1/15	AT COST	8,000	7,812
ILLINOIS TOOL WORKS INC	AT COST	14,613	14,947
INTEL CORP	AT COST	12,581	15,520
INTEL CORP 3.3% 10/01/21	AT COST	7,969	8,427
J P MORGAN CHASE & CO	AT COST	17,056	14,796
J P MORGAN CHASE & CO 6.3% 4/23/19	AT COST	7,713	7,928
JOHN DEERE CAP CORP 2.875% 6/19/12	AT COST	24,561	24,311
JOHNSON & JOHNSON	AT COST	12,668	13,772
KIMBERLY CLARK CORP	AT COST	12,196	13,976
KRAFT FOODS INC 4.125% 2/9/16	AT COST	8,077	8,686
LEGGETT & PLATT INC	AT COST	13,210	15,667
LOCKHEED MARTIN CORP	AT COST	14,707	14,967
MATTEL INC	AT COST	10,782	14,435
MCDONALDS CORP	AT COST	9,714	15,551
MCGRAW HILL INC	AT COST
MEADWEST VACO CORPORATION	AT COST	12,408	16,323
MERCK & CO. INC.	AT COST	13,718	15,646
MERRILL LYNCH & CO 6.11% 1/29/37	AT COST	8,437	6,938
MERRILL LYNCH & CO 6.875% 4/25/18	AT COST	8,687	7,888
MICROSOFT CORP	AT COST
MICROSOFT CORP	AT COST	14,912	14,018
MORGAN STANLEY 4.2% 11/20/14	AT COST	8,315	7,716
MORGAN STANLEY 5.625% 9/23/19	AT COST	9,104	8,335
MORGAN STANLEY GROUP INC	AT COST
NEXTERA ENERGY, INC.	AT COST	12,420	15,220
NORFOLK SOUTHERN CORP	AT COST	11,854	16,029
NUCOR CORP	AT COST	16,072	16,817
NYSE EURONEXT	AT COST	16,708	15,008
OCCIDENTAL PETE CORP	AT COST	14,859	17,803
ONTARIO 1.375% 01/27/14	AT COST	16,004	16,168
ORACLE CORP 5.75% 4/15/18	AT COST	7,585	8,494
PAYCHEX INC	AT COST	14,235	15,356
PETROBRAS INTL FIN CO 5.75% 1/20/20	AT COST	15,683	16,052
PFIZER INC 6.2% 3/15/19	AT COST	6,629	7,403
PHILIP MORRIS INTERNATIONAL INC	AT COST	10,940	16,873
PNC BANK CROP	AT COST	16,145	15,859
PRAXAIR INC	AT COST	12,323	15,501
PROGRESS ENERGY INC	AT COST
PRUDENTIAL FINANCIAL 4.5% 11/15/20	AT COST	7,947	8,044
PRUDENTIAL FINANCIAL INC	AT COST	13,230	14,284
SOUTHERN CO	AT COST	10,543	15,276
SPECTRA ENERGY CORP	AT COST	11,142	16,759
SUNTRUST BKS INC 3.5% 01/20/17	AT COST	8,005	8,041
TALISMAN ENERGY INC 7.75% 6/1/19	AT COST	6,935	7,398
TARGET CORP 5.375% 5/1/17	AT COST	7,434	8,227
TELEFONICA EMISIONES 5.462% 02/16/21	AT COST	8,118	7,634
TENNESSEE VALLEY AUTH 6.79% 5/23/12	AT COST	23,633	23,593
TEVA PAHARMA FIN 1.7% 11/10/14	AT COST	8,005	8,062
TIME WARNER CABLE 6.75% 7/1/18	AT COST	7,701	8,314
TOYOTA MOTOR CREDIT 3.4% 09/15/21	AT COST	7,980	8,245
TRAVELERS COMPANIES, INC	AT COST	13,687	16,272
U S TREASURY .75% 05/31/12	AT COST	56,182	56,162
U S TREASURY INFLATION .625% 07/15/2	AT COST	24,306	24,720
US BANCORP DEL	AT COST	13,578	15,419
US TREAS 1.375% 7/15/18	AT COST
US TREAS 5.375% 2/15/31	AT COST
US TREAS 6.25% 8/15/23	AT COST	20,555	24,331
US TREAS N/B .75% 11/30/11	AT COST
US TREAS N/B .75% 8/15/13	AT COST	15,960	16,133
US TREAS N/B 2.625% 11/15/20	AT COST	21,257	23,684
VERIZON COMM 5.55% 2/15/16	AT COST
VERIZON COMMUNICATIONS	AT COST	10,398	14,644
VERIZON COMMUNICATIONS 6% 04/01/41	AT COST	6,977	8,679
VF CORP	AT COST
WACHOVIA CORP 5.75% 6/15/17	AT COST	7,303	7,909
WASTE MANAGEMENT INC	AT COST	13,255	13,411
TRAVELERS COMP, INC 6.25% 6/15/37