TY 2012 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

2012

Open to Public Inspection

For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012

Name of foundation
ROGER & VIOLET NOREEN CHAR TRUST 25293360

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 64713 TRUST TAX SERVICES Room/suite

City or town, state, and ZIP code
ST PAUL, MN551640713

A Employer identification number

41-6309355

B Telephone number (see instructions)

(651) 466-8722

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

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

$5,277,631J 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 instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net 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
4	Dividends and interest from securities......	177,566		177,566
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		54,631
b	Gross sales price for all assets on line 6a 1,076,945
7	Capital gain net income (from Part IV, line 2)...			54,631
8	Net short-term capital gain.........				0
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).......
12	Total. Add lines 1 through 11........	232,197		232,197
13	Compensation of officers, directors, trustees, etc.	88,550		70,390		18,160
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)		12,408	3,532		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		521	496		25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	101,479		74,418	0	18,185
25	Contributions, gifts, grants paid........	340,196				340,196
26	Total expenses and disbursements. Add lines 24 and 25	441,675		74,418	0	358,381
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-209,478
b	Net investment income (if negative, enter -0-)			157,779
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2012)

Form 990-PF (2012)

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...............	722	2,208	2,208
	2	Savings and temporary cash investments..........	246,175	74,002	74,002
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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 0
	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)........	2,638,005	2,837,843	3,338,432
	c	Investments—corporate bonds (attach schedule)........	1,987,999	1,743,378	1,852,863
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	4,112	10,126	10,126
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,877,013	4,667,557	5,277,631
	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 )	65	98
	23	Total liabilities (add lines 17 through 22)..........	65	98
		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.........	6,144,554	6,144,554
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	-1,267,606	-1,477,095
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	4,876,948	4,667,459
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	4,877,013	4,667,557

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	4,876,948
2	Enter amount from Part I, line 27a.....................	2	-209,478
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	4,667,470
5	Decreases not included in line 2 (itemize)	5	11
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	4,667,459

Form 990-PF (2012)

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	82. DOVER CORP		2010-03-04	2012-01-11
b	256. TOKIO MARINE HOLDINGS A D R		2010-03-05	2012-01-11
c	31. UNION PACIFIC CORP		2008-11-06	2012-01-11
d	62. TRANSOCEAN LTD		2012-01-11	2012-01-12
e	17. APACHE CORP		2009-08-03	2012-01-13
	20. CONOCOPHILLIPS		2010-04-22	2012-01-13
	89. FIFTH THIRD BANCORP		2010-09-27	2012-01-13
	34. FRANKLIN RES INC		2011-08-25	2012-01-13
	13. GOLDMAN SACHS GROUP INC		2009-09-09	2012-01-13
	40. MCDONALDS CORP		2009-05-18	2012-01-13
	20. NESTLE SA SPONSORED A D R		2010-09-14	2012-01-13
	33. P N C FINANCIAL SERVICES GROUP INC		2009-04-23	2012-01-13
	23. P P G INDS INC		2011-08-10	2012-01-13
	17. PEPSICO INC		2009-03-11	2012-01-13
	30. PRUDENTIAL FINANCIAL INC		2009-05-18	2012-01-13
	29. TARGET CORPORATION		2009-08-03	2012-01-13
	42. TIME WARNER CABLE INC		2011-04-06	2012-01-13
	43. WAL MART STORES INC		2010-07-14	2012-01-13
	49. ACCENTURE PLC CL A		2011-06-21	2012-01-13
	3. ACCENTURE PLC CL A		2010-04-22	2012-01-13
	21. ACE LTD		2011-05-10	2012-01-13
	54. TYCO INTERNATIONAL LTD		2011-08-25	2012-01-13
	117. COMPANHIA DE BEBIDAS P R A D R		2008-06-10	2012-01-24
	145. NOVARTIS AG A D R		2008-05-09	2012-01-26
	26. ABB LTD A D R		2007-06-15	2012-01-27
	24. AFLAC INC		2011-03-22	2012-01-27
	3. ATT INC		2012-01-13	2012-01-27
	31. ATT INC		2011-06-21	2012-01-27
	7. ALLERGAN INC		2010-04-09	2012-01-27
	4. AMAZON COM INC		2011-02-08	2012-01-27
	18. AMERICAN ELECTRIC POWER CO INC		2009-04-17	2012-01-27
	18. AMERICAN EXPRESS CO		2010-09-27	2012-01-27
	11. AMERIPRISE FINL INC		2010-04-05	2012-01-27
	5. AMERIPRISE FINL INC		2012-01-13	2012-01-27
	11. AMGEN INC		2010-06-22	2012-01-27
	6. ANADARKO PETROLEUM CORP		2010-05-21	2012-01-27
	6. ANADARKO PETROLEUM CORP		2011-10-25	2012-01-27
	10. AON CORP		2011-10-25	2012-01-27
	3. APACHE CORP		2009-08-03	2012-01-27
	12. APPLE INC		2010-12-22	2012-01-27
	1. APPLE INC		2011-02-07	2012-01-27
	5. AVALONBAY CMNTYS INC		2009-01-14	2012-01-27
	8. B H P BILLITON LIMITED A D R		2008-12-23	2012-01-27
	8. BOEING CO		2010-01-22	2012-01-27
	20. BORG WARNER INC		2010-06-23	2012-01-27
	8. BOSTON PPTYS INC		2008-11-21	2012-01-27
	27. BROADCOM CORP CL A		2011-02-08	2012-01-27
	3. CNOOC LTD A D R		2010-06-23	2012-01-27
	21. CVS CAREMARK CORP		2010-06-14	2012-01-27
	40. CAMERON INTL CORP		2007-06-15	2012-01-27
	73. CARNIVAL CORP		2009-07-10	2012-01-27
	33. CARNIVAL CORP		2011-10-25	2012-01-27
	1. CARNIVAL CORP		2010-11-01	2012-01-27
	5. CATERPILLAR INC		2010-12-06	2012-01-27
	8. CELANESE CORP SER A		2012-01-13	2012-01-27
	6. CELGENE CORP		2010-04-09	2012-01-27
	1. CERNER CORPORATION		2007-06-08	2012-01-27
	3. CHEVRON CORPORATION		2011-08-17	2012-01-27
	2.00087 CHEVRON CORPORATION		2012-01-13	2012-01-27
	9.99913 CHEVRON CORPORATION		2012-01-13	2012-01-27
	18. CITIGROUP INC		2011-10-25	2012-01-27
	9. COGNIZANT TECH SOLUTIONS CL A		2007-06-08	2012-01-27
	16. COMCAST CORP CL A		2011-04-29	2012-01-27
	21. COMPANHIA DE BEBIDAS P R A D R		2008-06-10	2012-01-27
	13. CONOCOPHILLIPS		2010-04-22	2012-01-27
	16. DANAHER CORP		2009-11-03	2012-01-27
	7. DEERE & CO		2011-12-21	2012-01-27
	5. DEERE & CO		2012-01-13	2012-01-27
	6. DIAGEO PLC SPONSORED A D R		2011-05-05	2012-01-27
	14. DISNEY WALT CO		2011-02-28	2012-01-27
	12. DOVER CORP		2009-11-12	2012-01-27
	20. DU PONT E I DE NEMOURS & CO		2011-08-17	2012-01-27
	102. E M C CORPORATION		2010-10-04	2012-01-27
	26. E BAY INC		2011-03-22	2012-01-27
	10. EQUINIX INC		2011-10-19	2012-01-27
	10. EXPRESS SCRIPTS INC		2007-12-17	2012-01-27
	12. EXXON MOBIL CORP		2008-10-20	2012-01-27
	26. FIFTH THIRD BANCORP		2010-09-27	2012-01-27
	14. FLUOR CORP		2011-03-31	2012-01-27
	3. FLOWSERVE CORP		2008-05-20	2012-01-27
	15. FREEPORT MCMORAN COPPER GOLD		2010-02-26	2012-01-27
	7. GENERAL DYNAMICS CORP		2009-10-20	2012-01-27
	18. GENERAL ELECTRIC CO		2011-04-11	2012-01-27
	52. GENERAL ELECTRIC CO		2010-02-26	2012-01-27
	3. GOLDMAN SACHS GROUP INC		2009-04-13	2012-01-27
	9. HALLIBURTON CO		2011-04-06	2012-01-27
	38. HALLIBURTON CO		2010-11-18	2012-01-27
	7. HESS CORP		2009-07-23	2012-01-27
	9. HEWLETT PACKARD CO		2012-01-13	2012-01-27
	5. HUMANA INC		2011-03-16	2012-01-27
	10. INTERNATIONAL BUSINESS MACHINES CORP		2007-01-25	2012-01-27
	4. INTERNATIONAL BUSINESS MACHINES CORP		2009-03-11	2012-01-27
	20. ISHARES DOW JONES US REGIONAL ETF		2011-08-10	2012-01-27
	34. J P MORGAN CHASE CO		2011-01-27	2012-01-27
	3. J P MORGAN CHASE CO		2008-07-17	2012-01-27
	20. JOHNSON JOHNSON		2011-06-21	2012-01-27
	2. JOHNSON JOHNSON		2010-04-14	2012-01-27
	7. JOHNSON CONTROLS INC		2012-01-13	2012-01-27
	49. KEYCORP NEW		2011-01-04	2012-01-27
	56. KOHLS CORP		2011-04-06	2012-01-27
	14. KRAFT FOODS INC CL A		2010-08-25	2012-01-27
	12. LAUDER ESTEE COS INC CL A		2011-05-11	2012-01-27
	12. MCDONALDS CORP		2007-06-08	2012-01-27
	19. METLIFE INC		2010-01-27	2012-01-27
	3. METLIFE INC		2011-04-11	2012-01-27
	38. MICROSOFT CORP		2007-06-08	2012-01-27
	35. MICROSOFT CORP		2009-07-23	2012-01-27
	7. NESTLE SA SPONSORED A D R		2010-09-14	2012-01-27
	17. NETEASE INC A D R		2011-04-11	2012-01-27
	27. NIKE INC		2009-10-07	2012-01-27
	11. OCCIDENTAL PETROLEUM CORPORATION		2007-06-08	2012-01-27
	23. ORACLE CORPORATION		2011-06-13	2012-01-27
	33. ORACLE CORPORATION		2011-03-25	2012-01-27
	18. P G E CORP		2009-10-20	2012-01-27
	21. P G E CORP		2011-10-25	2012-01-27
	20. P P L CORPORATION		2011-08-25	2012-01-27
	5. PEABODY ENERGY CORP		2011-08-10	2012-01-27
	6. PEABODY ENERGY CORP		2010-03-12	2012-01-27
	10. PEPSICO INC		2007-06-08	2012-01-27
	5. PEPSICO INC		2009-03-11	2012-01-27
	66. PFIZER INC		2010-09-14	2012-01-27
	4. PIONEER NAT RES CO		2010-05-21	2012-01-27
	4. PRAXAIR INC		2007-06-08	2012-01-27
	2. PRICELINE COM INC		2009-01-22	2012-01-27
	9. PRUDENTIAL FINANCIAL INC		2009-05-18	2012-01-27
	52. PUBLIC SVC ENTERPRISE GROUP INC		2011-10-25	2012-01-27
	5. RALPH LAUREN CORP		2010-11-01	2012-01-27
	17. REYNOLDS AMERICAN INC		2012-01-13	2012-01-27
	18. SCHEIN HENRY INC		2007-06-08	2012-01-27
	17. SCHLUMBERGER LTD		2007-06-08	2012-01-27
	5. SCHLUMBERGER LTD		2011-02-17	2012-01-27
	11. SEMPRA ENERGY		2010-05-04	2012-01-27
	5. SIMON PROPERTY GROUP INC		2012-01-13	2012-01-27
	6. STATE STR CORP		2012-01-13	2012-01-27
	15. TJX COMPANIES INC		2010-10-28	2012-01-27
	5. TARGET CORPORATION		2009-07-23	2012-01-27
	9. TEVA PHARMACEUTICAL INDS LTD A D R		2011-05-26	2012-01-27
	35. TEXAS INSTRUMENTS INC		2007-06-08	2012-01-27
	13. THERMO FISHER SCIENTIFIC INC		2008-03-10	2012-01-27
	5. THERMO FISHER SCIENTIFIC INC		2008-12-16	2012-01-27
	14. UNILEVER N V A D R		2011-05-10	2012-01-27
	8. UNION PACIFIC CORP		2009-07-27	2012-01-27
	9. UNION PACIFIC CORP		2009-11-11	2012-01-27
	8. UNITED TECHNOLOGIES CORP		2012-01-11	2012-01-27
	9. UNITED TECHNOLOGIES CORP		2008-06-30	2012-01-27
	3. UNITED TECHNOLOGIES CORP		2011-03-16	2012-01-27
	22. UNITED HEALTH GROUP INCORPORATED		2011-06-21	2012-01-27
	1. VARIAN MED SYS INC		2008-08-06	2012-01-27
	15. VERIZON COMMUNICATIONS INC		2006-07-14	2012-01-27
	28. VODAFONE GROUP PLC A D R		2011-02-16	2012-01-27
	4. WAL MART STORES INC		2010-07-14	2012-01-27
	56. WELLS FARGO CO		2009-04-30	2012-01-27
	11. ACCENTURE PLC CL A		2008-05-07	2012-01-27
	43. ACCENTURE PLC CL A		2010-04-22	2012-01-27
	10. COVIDIEN PLC		2010-06-22	2012-01-27
	7. ACE LTD		2011-05-10	2012-01-27
	219. FUJIFILM HOLDINGS A D R		2009-12-10	2012-02-03
	130. MTN GROUP LTD A D R		2011-04-21	2012-02-09
	70. AON CORP		2012-01-13	2012-02-13
	9. BOSTON PPTYS INC		2008-11-21	2012-02-13
	19. GENERAL DYNAMICS CORP		2009-10-20	2012-02-13
	25. P G E CORP		2009-10-20	2012-02-13
	32. PEABODY ENERGY CORP		2010-06-22	2012-02-13
	12. UNITED TECHNOLOGIES CORP		2008-06-30	2012-02-13
	96. VERIZON COMMUNICATIONS INC		2009-09-18	2012-02-13
	24. AGILENT TECHNOLOGIES INC		2011-06-20	2012-02-15
	2. ALLIANCE DATA SYSTEMS CORP		2011-09-30	2012-02-15
	252. ANNALY CAP MGMT INC		2011-04-25	2012-02-15
	157. BRISTOL MYERS SQUIBB CO		2011-09-06	2012-02-15
	16. CVS CAREMARK CORP		2011-09-30	2012-02-15
	14. CUMMINS INC		2011-09-30	2012-02-15
	14. DEERE & CO		2011-04-25	2012-02-15
	35. GENERAL ELECTRIC CO		2011-04-25	2012-02-15
	128. HALLIBURTON CO		2011-09-30	2012-02-15
	95. HELMERICH PAYNE INC		2011-09-30	2012-02-15
	15. INTERNATIONAL PAPER CO		2011-09-30	2012-02-15
	70. KIMBERLY CLARK CORP		2011-11-30	2012-02-15
	9. LOCKHEED MARTIN CORP		2011-09-30	2012-02-15
	26. MACYS INC		2011-04-25	2012-02-15
	22. MARATHON PETROLEUM CORP		2011-04-25	2012-02-15
	35. MATTEL INC		2011-06-20	2012-02-15
	157. ORACLE CORPORATION		2011-04-25	2012-02-15
	85. P N C FINANCIAL SERVICES GROUP INC		2011-04-25	2012-02-15
	76. PEPSICO INC		2011-11-30	2012-02-15
	7. PHILIP MORRIS INTL		2011-04-25	2012-02-15
	2. PRUDENTIAL FINANCIAL INC		2011-04-25	2012-02-15
	91. QUALCOMM INC		2011-11-30	2012-02-15
	30. ROSS STORES INC		2011-04-25	2012-02-15
	8. UNION PACIFIC CORP		2011-04-25	2012-02-15
	3. UNITED HEALTH GROUP INCORPORATED		2011-04-25	2012-02-15
	197. UNUM GROUP		2011-04-25	2012-02-15
	16. VIACOM INC CLASS B		2011-04-25	2012-02-15
	7. WAL MART STORES INC		2009-04-29	2012-02-15
	37. WYNDHAM WORLDWIDE CORP		2011-09-06	2012-02-15
	93. ASTRAZENECA P L C SPSD A D R		2008-07-21	2012-02-16
	36. DASSAULT SYSTEMES SA A D R		2011-04-21	2012-02-16
	19. CELANESE CORP SER A		2012-01-13	2012-02-23
	27. CONOCOPHILLIPS		2010-06-22	2012-02-23
	10. DEERE & CO		2012-01-13	2012-02-23
	45. METLIFE INC		2010-01-27	2012-02-23
	35. PEPSICO INC		2009-03-11	2012-02-23
	39. PUBLIC SVC ENTERPRISE GROUP INC		2011-10-25	2012-02-23
	30. AMERICAN ELECTRIC POWER CO INC		2011-10-25	2012-02-29
	17. AMERICAN ELECTRIC POWER CO INC		2009-04-17	2012-02-29
	28. WAL MART STORES INC		2010-07-14	2012-02-29
	111. PEPSICO INC		2007-06-08	2012-03-01
	89. PRAXAIR INC		2007-06-08	2012-03-01
	3. APPLE INC		2011-02-07	2012-03-21
	732. ENEL SOCIETA A D R		2011-06-01	2012-03-21
	62. HALLIBURTON CO		2011-01-27	2012-03-21
	1. HALLIBURTON CO		2011-04-06	2012-03-21
	55. PUBLIC SVC ENTERPRISE GROUP INC		2011-08-25	2012-03-21
	42. TIME WARNER INC		2012-01-27	2012-03-21
	44. VODAFONE GROUP PLC A D R		2011-04-06	2012-03-21
	37. WELLS FARGO CO		2009-04-30	2012-03-21
	191. ABB LTD A D R		2007-08-20	2012-03-26
	212. CARNIVAL CORP		2010-11-01	2012-03-28
	65. ORACLE CORPORATION		2011-06-13	2012-03-28
	93. ORACLE CORPORATION		2010-11-01	2012-03-28
	166. CHINA RES ENTERPRISE LTD A D R		2011-04-21	2012-04-03
	93. CHINA RES ENTERPRISE LTD A D R		2011-04-21	2012-04-04
	70. CHINA RES ENTERPRISE LTD A D R		2011-04-21	2012-04-05
	232. KEPPEL CORP LTD SPONS A D R		2007-06-08	2012-04-18
	54. NETEASE INC A D R		2011-04-11	2012-04-18
	105. TEVA PHARMACEUTICAL INDS LTD A D R		2011-05-26	2012-04-18
	27. AMGEN INC		2010-06-22	2012-04-19
	14. ANADARKO PETROLEUM CORP		2011-10-25	2012-04-19
	2. APPLE INC		2011-02-07	2012-04-19
	15. B H P BILLITON LIMITED A D R		2008-12-23	2012-04-19
	28. MACYS INC		2012-02-29	2012-04-19
	131. P P L CORPORATION		2011-09-12	2012-04-19
	8. SIMON PROPERTY GROUP INC		2011-02-16	2012-04-19
	99. WAL MART DE MEXICO SAB DE CV A D R		2011-04-21	2012-04-25
	99. ASTRAZENECA P L C SPSD A D R		2010-03-05	2012-04-27
	2673.797 PIMCO TOTAL RETURN FUND INST		2009-03-16	2012-04-30
	40. E M C CORPORATION		2010-10-04	2012-05-03
	159. ORACLE CORPORATION		2010-02-23	2012-05-03
	24. SIEMENS AG A D R		2010-09-28	2012-05-04
	72. CARNIVAL CORP		2011-04-21	2012-05-10
	.5 PHILLIPS 66		2010-06-22	2012-05-10
	92. WAL MART DE MEXICO SAB DE CV A D R		2011-04-21	2012-05-10
	22. AMGEN INC		2008-07-10	2012-05-15
	11. AVALONBAY CMNTYS INC		2009-01-14	2012-05-15
	45. HESS CORP		2009-09-09	2012-05-15
	18. HESS CORP		2012-02-13	2012-05-15
	8. REYNOLDS AMERICAN INC		2012-01-13	2012-05-15
	112. REYNOLDS AMERICAN INC		2011-02-25	2012-05-15
	8. SIMON PROPERTY GROUP INC		2011-02-16	2012-05-15
	40. TJX COMPANIES INC		2010-10-28	2012-05-15
	323. ABB LTD A D R		2010-03-04	2012-05-18
	55. MCDONALDS CORP		2007-06-08	2012-05-18
	46. JUPITER TELECOM A D R		2011-04-21	2012-05-24
	1. APPLE INC		2011-02-07	2012-05-25
	35. MICROSOFT CORP		2011-02-07	2012-05-25
	40. ORACLE CORPORATION		2011-06-21	2012-05-25
	46. PEABODY ENERGY CORP		2010-06-22	2012-05-29
	79. TJX COMPANIES INC		2009-01-26	2012-05-29
	10. UNION PACIFIC CORP		2009-11-11	2012-05-29
	13. UNITED TECHNOLOGIES CORP		2012-04-19	2012-05-29
	23. UNITED TECHNOLOGIES CORP		2004-03-04	2012-05-29
	9. ABBOTT LABORATORIES		2007-06-08	2012-06-12
	3. ALLIANCE DATA SYSTEMS CORP		2011-09-30	2012-06-12
	17. AMERICAN CAPITAL AGENCY CORP		2012-02-15	2012-06-12
	2. APPLE INC		2011-04-25	2012-06-12
	4. CHEVRON CORPORATION		2012-02-15	2012-06-12
	19. DEERE & CO		2011-09-30	2012-06-12
	40. DEERE & CO		2011-04-25	2012-06-12
	22. DISCOVER FINL SVCS		2011-09-06	2012-06-12
	2. DU PONT E I DE NEMOURS & CO		2011-04-25	2012-06-12
	1. EXXON MOBIL CORP		2011-04-25	2012-06-12
	16. FOOT LOCKER INC		2012-02-15	2012-06-12
	23. GENERAL ELECTRIC CO		2011-04-25	2012-06-12
	1. INTERNATIONAL BUSINESS MACHINES CORP		2009-07-01	2012-06-12
	14. J P MORGAN CHASE CO		2011-09-30	2012-06-12
	121. J P MORGAN CHASE CO		2011-04-25	2012-06-12
	3. MACYS INC		2011-04-25	2012-06-12
	2. NEXTERA ENERGY INC		2011-09-06	2012-06-12
	33. PHILLIPS 66		2011-04-25	2012-06-12
	100. ROSS STORES INC		2011-04-25	2012-06-12
	2. TORCHMARK CORP		2012-02-15	2012-06-12
	2. UNION PACIFIC CORP		2011-04-25	2012-06-12
	3. UNITED HEALTH GROUP INCORPORATED		2011-04-25	2012-06-12
	5. VERIZON COMMUNICATIONS INC		2011-04-25	2012-06-12
	3. WAL MART STORES INC		2009-04-29	2012-06-12
	5. WELLS FARGO CO		2011-04-25	2012-06-12
	14. WYNDHAM WORLDWIDE CORP		2011-09-06	2012-06-12
	1. XCEL ENERGY INC		2011-09-06	2012-06-12
	295. PETROLEO BRASILEIRO SPON A D R		2007-06-08	2012-06-18
	78. ATT INC		2011-06-07	2012-06-19
	56. CELANESE CORP SER A		2012-04-19	2012-06-19
	122. HEWLETT PACKARD CO		2012-02-23	2012-06-19
	37. JOHNSON JOHNSON		2010-04-22	2012-06-19
	47. TJX COMPANIES INC		2009-01-26	2012-06-19
	36. TJX COMPANIES INC		2011-10-25	2012-06-19
	39. KONINKLIJKE (ROYAL) KPN NV SP ADR		2007-06-08	2012-06-25
	241. KONINKLIJKE (ROYAL) KPN NV SP ADR		2011-11-14	2012-06-25
	41. ATT INC		2009-09-18	2012-06-27
	27. AMGEN INC		2008-07-10	2012-06-27
	24. DISNEY WALT CO		2011-02-07	2012-06-27
	.7 AIR LIQUIDE S A A D R		2011-04-21	2012-07-03
	204. ABB LTD A D R		2010-03-05	2012-07-10
	10. CHEVRON CORPORATION		2012-02-09	2012-07-10
	13. EXXON MOBIL CORP		2012-04-19	2012-07-10
	250. FORD MOTOR CO		2012-02-29	2012-07-10
	52. GENERAL ELECTRIC CO		2011-03-28	2012-07-10
	10. SIMON PROPERTY GROUP INC		2011-02-16	2012-07-10
	1. SIMON PROPERTY GROUP INC		2012-01-13	2012-07-10
	60. BARCLAYS PLC A D R		2009-08-21	2012-07-11
	222. BARCLAYS PLC A D R		2012-02-21	2012-07-11
	86. CANON INC SPONS A D R		2010-05-10	2012-07-13
	236. INTERCONTINENTAL HTLS GRP PLSPONS		2010-08-06	2012-07-13
	48. ERSTE GROUP BANK AG A D R		2011-04-21	2012-07-17
	141. ERSTE GROUP BANK AG A D R		2012-01-04	2012-07-18
	271. ERSTE GROUP BANK AG A D R		2011-04-21	2012-07-18
	56. CERNER CORPORATION		2007-06-08	2012-07-20
	199. COMPANHIA DE BEBIDAS P R A D R		2008-06-10	2012-07-20
	151. HALLIBURTON CO		2010-11-18	2012-07-20
	228. ANGLO AMERICAN PLC A D R		2010-03-05	2012-07-23
	124. CANON INC SPONS A D R		2011-04-21	2012-07-31
	76. MCDONALDS CORP		2007-06-08	2012-07-31
	838.926 NUVEEN INFLATION PRO SEC CL I		2012-01-27	2012-07-31
	231. MICROSOFT CORP		2007-06-08	2012-08-07
	47. VARIAN MED SYS INC		2008-08-06	2012-08-07
	41. PIONEER NAT RES CO		2010-05-21	2012-08-14
	114. CANON INC SPONS A D R		2009-07-16	2012-08-16
	349. KONINKLIJKE (ROYAL) KPN NV SP ADR		2009-09-11	2012-08-20
	118. DU PONT E I DE NEMOURS & CO		2011-08-17	2012-08-21
	.9375 POSTNL NV ADR		2012-06-25	2012-08-27
	12. ATT INC		2012-05-15	2012-08-28
	39. ATT INC		2009-06-18	2012-08-28
	24. AMERIPRISE FINL INC		2012-02-13	2012-08-28
	20. APACHE CORP		2009-08-03	2012-08-28
	27. BED BATH & BEYOND INC		2012-03-21	2012-08-28
	27. CENTURYLINK INC		2012-02-13	2012-08-28
	54. GENERAL ELECTRIC CO		2011-08-25	2012-08-28
	35. HUMANA INC		2011-03-16	2012-08-28
	50. JOHNSON CONTROLS INC		2012-01-13	2012-08-28
	37. ORACLE CORPORATION		2011-03-25	2012-08-28
	24. PACCAR INC		2012-02-23	2012-08-28
	27. TIME WARNER INC		2011-10-25	2012-08-28
	28. UNITED HEALTH GROUP INCORPORATED		2011-08-10	2012-08-28
	16. ACE LTD		2011-05-10	2012-08-28
	3. SIMON PROPERTY GROUP INC		2012-01-13	2012-08-30
	8. SIMON PROPERTY GROUP INC		2011-08-25	2012-08-30
	250000. GOLDMAN SACHS 5.700% 9/01/12		2005-12-22	2012-09-01
	13. CNOOC LTD A D R		2011-12-09	2012-09-04
	17. CNOOC LTD A D R		2010-06-23	2012-09-04
	150. AFLAC INC		2011-03-22	2012-09-06
	336. CISCO SYS INC		2012-03-28	2012-09-06
	7. PRICELINE COM INC		2009-01-22	2012-09-06
	46. BRITISH AMERN TOB PLC ADR		2010-03-05	2012-09-13
	47. NIKE INC		2009-10-07	2012-09-19
	50. NOVARTIS AG A D R		2011-04-21	2012-09-24
	90. AGILENT TECHNOLOGIES INC		2011-06-20	2012-09-25
	56. AGILENT TECHNOLOGIES INC		2012-06-12	2012-09-25
	42. APACHE CORP		2011-04-25	2012-09-25
	12. APACHE CORP		2012-06-12	2012-09-25
	114. CARDINAL HEALTH INC		2011-04-25	2012-09-25
	23. CARDINAL HEALTH INC		2012-06-12	2012-09-25
	52. CUMMINS INC		2012-06-12	2012-09-25
	481. DELTA AIR LINES INC		2012-06-12	2012-09-25
	38. DU PONT E I DE NEMOURS & CO		2011-09-30	2012-09-25
	62. DU PONT E I DE NEMOURS & CO		2011-04-25	2012-09-25
	14. FOOT LOCKER INC		2012-02-15	2012-09-25
	210. INTEL CORP		2011-06-20	2012-09-25
	5. INTEL CORP		2012-06-12	2012-09-25
	141. KRAFT FOODS INC CL A		2012-06-12	2012-09-25
	8. KROGER CO		2012-02-15	2012-09-25
	8. MERCK AND CO INC		2012-06-12	2012-09-25
	105. TIMKEN CO		2012-06-12	2012-09-25
	107. TORCHMARK CORP		2012-02-15	2012-09-25
	7. VIACOM INC CLASS B		2011-04-25	2012-09-25
	3. WAL MART STORES INC		2009-04-29	2012-09-25
	12. COVIDIEN PLC		2012-06-12	2012-09-25
	98. COVIDIEN PLC		2011-04-25	2012-09-25
	50. SEAGATE TECHNOLOGY		2012-02-15	2012-09-25
	184. TEXAS INSTRUMENTS INC		2007-06-08	2012-10-02
	106. VODAFONE GROUP PLC A D R		2011-03-10	2012-10-02
	150. PETROLEO BRASILEIRO SPON A D R		2011-04-21	2012-10-04
	74. DOVER CORP		2009-11-12	2012-10-09
	.3333 KRAFT FOODS GROUP INC		2011-04-11	2012-10-18
	81. HITACHI LTD ADR 10 COM		2011-07-15	2012-10-23
	39. AMERICAN EXPRESS CO		2011-08-25	2012-10-24
	18. AMERICAN EXPRESS CO		2012-04-19	2012-10-24
	39. B H P BILLITON LIMITED A D R		2008-12-23	2012-10-24
	101. METLIFE INC		2011-08-25	2012-10-24
	42. P G E CORP		2009-10-20	2012-10-24
	70. VODAFONE GROUP PLC A D R		2011-04-06	2012-10-24
	. NET SETTLEMENT FROM CLASS ACTION SUIT			2012-10-25
	269. MICROSOFT CORP		2011-07-11	2012-10-26
	54. NIKE INC		2007-06-08	2012-10-26
	83. BAIDU COM INC A D R		2012-09-26	2012-11-06
	35. BAIDU COM INC A D R		2012-02-07	2012-11-19
	. NET SETTLEMENT FROM CLASS ACTION SUIT			2012-11-19
	78. NETEASE INC A D R		2011-10-19	2012-11-20
	21. AGCO CORP		2012-09-25	2012-11-27
	3. ALLIANCE DATA SYSTEMS CORP		2011-09-30	2012-11-27
	6. AMERICAN CAPITAL AGENCY CORP		2012-09-25	2012-11-27
	3. AMGEN INC		2012-09-25	2012-11-27
	2. BCE INC		2011-04-25	2012-11-27
	239. CA INC		2012-09-25	2012-11-27
	43. CATERPILLAR INC		2010-12-06	2012-11-27
	33. CISCO SYS INC		2011-11-30	2012-11-27
	4. CONOCOPHILLIPS		2012-09-25	2012-11-27
	30. DISCOVER FINL SVCS		2011-09-06	2012-11-27
	9. EASTMAN CHEM CO		2012-09-25	2012-11-27
	17. FIFTH THIRD BANCORP		2012-02-15	2012-11-27
	29. GENERAL ELECTRIC CO		2012-09-25	2012-11-27
	3. GENERAL ELECTRIC CO		2011-04-25	2012-11-27
	13. HOME DEPOT INC		2012-06-12	2012-11-27
	21. INGREDION INC		2012-02-15	2012-11-27
	15. INTERNATIONAL PAPER CO		2011-09-30	2012-11-27
	3. KLA TENCOR CORPORATION		2012-09-25	2012-11-27
	1. KIMBERLY CLARK CORP		2012-09-25	2012-11-27
	16. KROGER CO		2012-02-15	2012-11-27
	14. LOCKHEED MARTIN CORP		2011-09-30	2012-11-27
	1. MACYS INC		2011-04-25	2012-11-27
	20. MARATHON PETROLEUM CORP		2011-09-06	2012-11-27
	11. MATTEL INC		2011-06-20	2012-11-27
	139. MERCK AND CO INC		2012-02-15	2012-11-27
	4. NEXTERA ENERGY INC		2011-09-06	2012-11-27
	11. ORACLE CORPORATION		2012-09-25	2012-11-27
	88. PRUDENTIAL FINANCIAL INC		2011-04-25	2012-11-27
	20. PRUDENTIAL FINANCIAL INC		2012-06-12	2012-11-27
	10. UNION PACIFIC CORP		2011-04-25	2012-11-27
	5. VIACOM INC CLASS B		2012-06-12	2012-11-27
	98. VIACOM INC CLASS B		2011-04-25	2012-11-27
	10. WELLS FARGO CO		2012-09-25	2012-11-27
	30. INGERSOLL RAND PLC		2012-09-25	2012-11-27
	2. SEADRILL LIMITED		2012-09-25	2012-11-27
	13. ACE LTD		2012-09-25	2012-11-27
	16. CELGENE CORP		2012-07-10	2012-11-28
	19. FED EX CORP		2012-05-29	2012-11-28
	24. GENERAL DYNAMICS CORP		2009-06-26	2012-11-28
	120. MARATHON OIL CORPORATION		2012-05-15	2012-11-28
	35. MICROSOFT CORP		2011-06-21	2012-11-28
	39. ORACLE CORPORATION		2011-03-11	2012-11-28
	26. PHILLIPS 66		2010-06-22	2012-11-28
	13. PHILLIPS 66		2012-08-28	2012-11-28
	63. PRUDENTIAL FINANCIAL INC		2009-06-26	2012-11-28
	67. VODAFONE GROUP PLC A D R		2010-10-28	2012-11-28
	41. EATON CORP		2012-08-28	2012-12-03
	203. HOYA CORP A D R		2011-04-21	2012-12-04
	55. HOYA CORP A D R		2012-08-01	2012-12-04
	37. ARM HLDGS PLC A D R		2011-04-21	2012-12-13
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,857	3,411	1,446
b	5,830	7,053	-1,223
c	3,466	1,925	1,541
d	2,513	2,526	-13
e	1,574	1,477	97
	1,404	1,123	281
	1,246	1,078	168
	3,270	3,965	-695
	1,285	1,956	-671
	4,008	2,160	1,848
	1,119	1,075	44
	2,035	1,319	716
	2,012	1,726	286
	1,094	805	289
	1,660	1,230	430
	1,444	1,235	209
	2,744	3,034	-290
	2,559	2,189	370
	2,606	2,675	-69
	160	131	29
	1,465	1,438	27
	2,617	2,160	457
	4,321	1,524	2,797
	7,952	7,387	565
	551	580	-29
	1,168	1,283	-115
	88	90	-2
	907	965	-58
	622	445	177
	777	725	52
	718	485	233
	896	782	114
	590	512	78
	268	257	11
	756	626	130
	476	324	152
	477	471	6
	478	493	-15
	293	261	32
	5,350	2,487	2,863
	446	350	96
	673	263	410
	640	315	325
	597	470	127
	1,486	802	684
	831	333	498
	948	1,190	-242
	608	526	82
	885	671	214
	2,126	1,472	654
	2,218	1,804	414
	1,003	1,172	-169
	30	43	-13
	554	447	107
	396	372	24
	438	373	65
	60	28	32
	312	297	15
	208	212	-4
	1,042	1,061	-19
	547	556	-9
	642	336	306
	420	419	1
	769	274	495
	899	730	169
	836	550	286
	614	534	80
	439	424	15
	535	489	46
	548	613	-65
	764	496	268
	1,017	953	64
	2,618	2,037	581
	824	789	35
	1,206	962	244
	511	355	156
	1,030	879	151
	342	309	33
	802	1,053	-251
	326	379	-53
	694	510	184
	493	474	19
	342	364	-22
	987	837	150
	332	386	-54
	333	436	-103
	1,404	1,395	9
	385	372	13
	251	239	12
	441	319	122
	1,902	976	926
	761	368	393
	443	374	69
	1,264	1,537	-273
	112	119	-7
	1,312	1,331	-19
	131	131
	221	246	-25
	389	437	-48
	2,600	3,019	-419
	538	410	128
	695	598	97
	1,184	612	572
	668	675	-7
	105	134	-29
	1,110	1,134	-24
	1,021	809	212
	406	298	108
	829	906	-77
	2,746	1,713	1,033
	1,102	623	479
	653	733	-80
	939	1,098	-159
	733	772	-39
	856	897	-41
	556	557	-1
	182	229	-47
	218	293	-75
	657	659	-2
	328	237	91
	1,415	1,138	277
	387	234	153
	422	274	148
	1,052	133	919
	511	369	142
	1,575	1,775	-200
	755	485	270
	672	703	-31
	1,275	947	328
	1,307	1,335	-28
	384	468	-84
	631	544	87
	679	634	45
	234	259	-25
	1,011	692	319
	250	213	37
	402	444	-42
	1,141	1,254	-113
	683	695	-12
	263	152	111
	467	467
	916	469	447
	1,031	566	465
	620	609	11
	697	553	144
	232	238	-6
	1,122	1,141	-19
	66	63	3
	559	428	131
	759	833	-74
	243	201	42
	1,642	1,291	351
	620	416	204
	2,429	1,875	554
	520	431	89
	486	479	7
	5,149	5,274	-125
	2,291	2,785	-494
	3,413	3,356	57
	937	374	563
	1,331	1,171	160
	1,031	1,073	-42
	1,138	1,478	-340
	1,011	721	290
	3,648	2,716	932
	1,058	1,156	-98
	244	186	58
	4,160	4,435	-275
	5,004	4,575	429
	700	541	159
	1,713	1,158	555
	1,207	1,327	-120
	658	701	-43
	4,596	6,170	-1,574
	5,646	6,110	-464
	495	353	142
	4,999	4,999
	783	656	127
	914	626	288
	980	933	47
	1,138	937	201
	4,426	5,471	-1,045
	5,080	5,200	-120
	4,817	4,853	-36
	572	474	98
	120	122	-2
	5,622	4,986	636
	1,546	1,087	459
	898	776	122
	164	143	21
	4,472	5,051	-579
	782	771	11
	433	352	81
	1,615	1,100	515
	4,186	4,254	-68
	2,931	2,931
	909	884	25
	2,010	1,507	503
	839	847	-8
	1,706	1,579	127
	2,199	1,658	541
	1,188	1,301	-113
	1,129	1,171	-42
	640	458	182
	1,655	1,290	365
	6,938	7,320	-382
	9,706	6,102	3,604
	1,820	1,050	770
	2,706	5,050	-2,344
	2,114	2,719	-605
	34	48	-14
	1,631	1,832	-201
	1,503	1,491	12
	1,197	1,289	-92
	1,262	749	513
	3,910	4,253	-343
	6,826	7,376	-550
	1,911	2,071	-160
	2,734	2,563	171
	1,116	1,403	-287
	614	786	-172
	476	592	-116
	4,225	3,181	1,044
	3,179	2,877	302
	4,752	5,179	-427
	1,808	1,482	326
	1,008	1,100	-92
	1,176	700	476
	1,090	591	499
	1,100	1,066	34
	3,508	3,521	-13
	1,180	861	319
	2,724	3,012	-288
	4,299	4,519	-220
	30,000	26,631	3,369
	1,138	799	339
	4,684	3,917	767
	2,123	2,415	-292
	2,275	2,709	-434
	16	13	3
	2,359	2,799	-440
	1,547	1,130	417
	1,588	579	1,009
	2,088	2,375	-287
	835	1,122	-287
	325	331	-6
	4,548	3,602	946
	1,225	861	364
	1,692	673	1,019
	5,179	6,655	-1,476
	4,958	2,805	2,153
	3,095	3,079	16
	561	350	211
	1,017	985	32
	1,044	1,282	-238
	1,143	1,927	-784
	3,268	808	2,460
	1,119	629	490
	970	1,043	-73
	1,716	1,037	679
	555	487	68
	369	279	90
	564	526	38
	1,144	707	437
	401	422	-21
	1,389	1,247	142
	2,924	3,791	-867
	718	522	196
	99	110	-11
	81	86	-5
	485	449	36
	444	460	-16
	194	106	88
	468	429	39
	4,043	5,422	-1,379
	109	72	37
	133	110	23
	1,103	1,215	-112
	6,430	3,622	2,808
	95	96	-1
	222	194	28
	173	143	30
	213	185	28
	202	151	51
	155	143	12
	700	416	284
	28	24	4
	5,377	6,997	-1,620
	2,767	2,551	216
	2,190	2,644	-454
	2,549	3,303	-754
	2,473	2,408	65
	2,041	481	1,560
	1,564	1,069	495
	351	646	-295
	2,167	3,216	-1,049
	1,441	1,062	379
	1,953	1,386	567
	1,149	987	162
	16	18	-2
	3,255	4,389	-1,134
	1,042	1,103	-61
	1,085	1,109	-24
	2,341	3,098	-757
	1,032	909	123
	1,579	1,076	503
	158	127	31
	606	1,408	-802
	2,244	3,485	-1,241
	3,228	3,511	-283
	5,494	4,254	1,240
	430	1,242	-812
	1,271	1,262	9
	2,443	7,011	-4,568
	4,339	1,545	2,794
	7,384	2,593	4,791
	4,624	5,285	-661
	3,411	6,315	-2,904
	4,141	5,361	-1,220
	6,802	3,876	2,926
	10,067	9,757	310
	6,987	6,893	94
	2,650	2,971	-321
	3,988	2,401	1,587
	3,986	3,791	195
	2,898	5,744	-2,846
	5,983	5,625	358
	3	3
	441	400	41
	1,434	947	487
	1,311	1,302	9
	1,732	1,641	91
	1,817	1,789	28
	1,134	1,026	108
	1,124	853	271
	2,451	2,235	216
	1,351	1,757	-406
	1,174	1,230	-56
	959	1,100	-141
	1,116	926	190
	1,530	1,322	208
	1,182	1,086	96
	472	380	92
	1,260	907	353
	250,000	258,233	-8,233
	2,414	2,502	-88
	3,156	2,979	177
	7,086	8,517	-1,431
	6,538	7,022	-484
	4,252	466	3,786
	4,646	3,189	1,457
	4,704	2,905	1,799
	3,065	2,853	212
	3,482	4,335	-853
	2,167	1,922	245
	3,626	5,158	-1,532
	1,036	977	59
	4,431	4,901	-470
	894	961	-67
	4,857	4,414	443
	4,358	4,873	-515
	1,938	1,542	396
	3,163	3,413	-250
	509	393	116
	4,786	4,502	284
	114	132	-18
	5,874	5,101	773
	189	191	-2
	362	305	57
	3,978	5,526	-1,548
	5,563	5,136	427
	386	337	49
	224	151	73
	721	627	94
	5,887	5,420	467
	1,591	1,317	274
	5,076	6,591	-1,515
	3,011	2,955	56
	3,261	5,136	-1,875
	4,165	3,061	1,104
	16	11	5
	4,192	4,911	-719
	2,170	1,836	334
	1,002	1,033	-31
	2,765	1,536	1,229
	3,554	3,156	398
	1,764	1,802	-38
	1,934	2,051	-117
	106		106
	7,553	7,153	400
	4,920	2,829	2,091
	8,742	11,010	-2,268
	3,242	4,560	-1,318
	252		252
	3,484	3,673	-189
	960	986	-26
	419	279	140
	188	211	-23
	262	252	10
	85	74	11
	5,268	6,419	-1,151
	3,631	3,847	-216
	625	615	10
	226	231	-5
	1,221	712	509
	533	511	22
	248	229	19
	606	658	-52
	63	60	3
	834	674	160
	1,370	1,200	170
	544	353	191
	134	142	-8
	86	86
	397	381	16
	1,304	1,020	284
	40	24	16
	1,181	826	355
	401	295	106
	6,113	5,296	817
	272	219	53
	344	350	-6
	4,501	5,381	-880
	1,023	945	78
	1,225	970	255
	253	238	15
	4,952	4,723	229
	326	356	-30
	1,435	1,374	61
	77	80	-3
	1,020	994	26
	1,250	1,032	218
	1,684	1,725	-41
	1,571	1,327	244
	3,710	3,639	71
	950	868	82
	1,230	1,266	-36
	1,325	624	701
	662	547	115
	3,237	2,445	792
	1,690	1,833	-143
	2,139	1,884	255
	3,886	4,281	-395
	1,053	1,245	-192
	1,331	1,145	186
			220

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			1,446
b			-1,223
c			1,541
d			-13
e			97
			281
			168
			-695
			-671
			1,848
			44
			716
			286
			289
			430
			209
			-290
			370
			-69
			29
			27
			457
			2,797
			565
			-29
			-115
			-2
			-58
			177
			52
			233
			114
			78
			11
			130
			152
			6
			-15
			32
			2,863
			96
			410
			325
			127
			684
			498
			-242
			82
			214
			654
			414
			-169
			-13
			107
			24
			65
			32
			15
			-4
			-19
			-9
			306
			1
			495
			169
			286
			80
			15
			46
			-65
			268
			64
			581
			35
			244
			156
			151
			33
			-251
			-53
			184
			19
			-22
			150
			-54
			-103
			9
			13
			12
			122
			926
			393
			69
			-273
			-7
			-19

			-25
			-48
			-419
			128
			97
			572
			-7
			-29
			-24
			212
			108
			-77
			1,033
			479
			-80
			-159
			-39
			-41
			-1
			-47
			-75
			-2
			91
			277
			153
			148
			919
			142
			-200
			270
			-31
			328
			-28
			-84
			87
			45
			-25
			319
			37
			-42
			-113
			-12
			111

			447
			465
			11
			144
			-6
			-19
			3
			131
			-74
			42
			351
			204
			554
			89
			7
			-125
			-494
			57
			563
			160
			-42
			-340
			290
			932
			-98
			58
			-275
			429
			159
			555
			-120
			-43
			-1,574
			-464
			142

			127
			288
			47
			201
			-1,045
			-120
			-36
			98
			-2
			636
			459
			122
			21
			-579
			11
			81
			515
			-68

			25
			503
			-8
			127
			541
			-113
			-42
			182
			365
			-382
			3,604
			770
			-2,344
			-605
			-14
			-201
			12
			-92
			513
			-343
			-550
			-160
			171
			-287
			-172
			-116
			1,044
			302
			-427
			326
			-92
			476
			499
			34
			-13
			319
			-288
			-220
			3,369
			339
			767
			-292
			-434
			3
			-440
			417
			1,009
			-287
			-287
			-6
			946
			364
			1,019
			-1,476
			2,153
			16
			211
			32
			-238
			-784
			2,460
			490
			-73
			679
			68
			90
			38
			437
			-21
			142
			-867
			196
			-11
			-5
			36
			-16
			88
			39
			-1,379
			37
			23
			-112
			2,808
			-1
			28
			30
			28
			51
			12
			284
			4
			-1,620
			216
			-454
			-754
			65
			1,560
			495
			-295
			-1,049
			379
			567
			162
			-2
			-1,134
			-61
			-24
			-757
			123
			503
			31
			-802
			-1,241
			-283
			1,240
			-812
			9
			-4,568
			2,794
			4,791
			-661
			-2,904
			-1,220
			2,926
			310
			94
			-321
			1,587
			195
			-2,846
			358

			41
			487
			9
			91
			28
			108
			271
			216
			-406
			-56
			-141
			190
			208
			96
			92
			353
			-8,233
			-88
			177
			-1,431
			-484
			3,786
			1,457
			1,799
			212
			-853
			245
			-1,532
			59
			-470
			-67
			443
			-515
			396
			-250
			116
			284
			-18
			773
			-2
			57
			-1,548
			427
			49
			73
			94
			467
			274
			-1,515
			56
			-1,875
			1,104
			5
			-719
			334
			-31
			1,229
			398
			-38
			-117
			106
			400
			2,091
			-2,268
			-1,318
			252
			-189
			-26
			140
			-23
			10
			11
			-1,151
			-216
			10
			-5
			509
			22
			19
			-52
			3
			160
			170
			191
			-8

			16
			284
			16
			355
			106
			817
			53
			-6
			-880
			78
			255
			15
			229
			-30
			61
			-3
			26
			218
			-41
			244
			71
			82
			-36
			701
			115
			792
			-143
			255
			-395
			-192
			186

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	54,631
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 instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

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))
2011	309,816	5,332,820	0.058096
2010	312,381	5,260,092	0.059387
2009	224,749	4,933,270	0.045558
2008	360,314	6,177,701	0.058325
2007	591,175	7,061,690	0.083716

2	Total of line 1, column (d) ......................	2	0.305082
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	0.061016
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4	5,192,971
5	Multiply line 4 by line 3.......................	5	316,854
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	1,578
7	Add lines 5 and 6.........................	7	318,432
8	Enter qualifying distributions from Part XII, line 4..............	8	358,381
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.

Form 990-PF (2012)

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	1,578
	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	0
3	Add lines 1 and 2............................	3	1,578
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,578
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a	5,592
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	5,592
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,014
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax1,580	Refunded	11	2,434

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 instructions)

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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?

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 instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

The books are in care of bullet

US BANK NATIONAL ASSOCIATION Telephone no. bullet

(651) 466-8722

Located at bullet

101 E FIFTH STST PAULMN ZIP+4 bullet

55101

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 2012, 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 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 (2012)

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 2012?.............

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 2012, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2012?...............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 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 2012 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 2012.)....................

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 2012?

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 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 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 (2012)

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 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
US BANK NA	TRUSTEE 8	88,550
800 NICOLLET MALL MINNEAPOLIS,MN55402	TRUSTEE 8	88,550

2 Compensation of five highest-paid employees (other than those included on line 1—see 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...................				0

3 Five highest-paid independent contractors for professional services (see 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 (2012)

Page 7

Part IX-B

Summary of Program-Related Investments (see instructions)

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


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 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...................

5,168,636

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

103,416

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

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

5,272,052

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.........................

5,272,052

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

instructions) .............................

79,081

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

5,192,971

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

259,649

Part XI

Distributable Amount (see 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....................

259,649

Tax on investment income for 2012 from Part VI, line 5......

1,578

Income tax for 2012. (This does not include the tax from Part VI.)...

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

1,578

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

258,071

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

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

258,071

Deduction from distributable amount (see instructions).................

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

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

258,071

Part XII

Qualifying Distributions (see instructions)

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

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

358,381

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

358,381

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 instructions).................

1,578

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

356,803

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 (2012)

Page 8

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2011	(c) 2011	(d) 2012
1 Distributable amount for 2012 from Part XI, line 7					258,071
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2012:
a From 2007.......	260,846
b From 2008.......	55,254
c From 2009.......	0
d From 2010.......	51,682
e From 2011.......	48,767
fTotal of lines 3a through e.........		416,549
4Qualifying distributions for 2012 from Part
XII, line 4: $ 358,381
a Applied to 2011, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions)......			0
c Treated as distributions out of corpus (Election required—see instructions).........		0
d Applied to 2012 distributable amount.....					258,071
e Remaining amount distributed out of corpus		100,310
5 Excess distributions carryover applied to 2012.		0			0
(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		516,859
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........			0
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......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2011. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2012. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2013 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) .............		0
8Excess distributions carryover from 2007 not applied on line 5 or line 7 (see instructions) ...		260,846
9Excess distributions carryover to 2013. Subtract lines 7 and 8 from line 6a ......		256,013
10 Analysis of line 9:
a Excess from 2008....	55,254
b Excess from 2009....	0
c Excess from 2010....	51,682
d Excess from 2011....	48,767
e Excess from 2012....	100,310

Form 990-PF (2012)

Page 9

Part XIV

Private Operating Foundations (see 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 2012, 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) 2012	(b) 2011	(c) 2010	(d) 2009	(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 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).)

NONE

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.

NONE

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 instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

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

LISA HINIKER
101 E FIFTH ST
ST PAUL,MN55101
(651) 466-8722

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

LETTER FORMAT

cAny submission deadlines:

APPLICATIONS ACCEPTED AT ANY TIME

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

THE TRUST PRIMARILY MAKES GRANTS FOR CHARITABLE, EDUCATIONAL, AND RELIGIOUS OR SCIENTIFIC PURPOSES.

Form 990-PF (2012)

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
LOAVES AND FISHES 1917 LOGAN AVE S MINNEAPOLIS,MN55403	NONE	N/A	GENERAL	5,000
MINNEAPOLIS INSTITUTE OF ARTS 2400 THIRD AVE S MINNEAPOLIS,MN55401	NONE	N/A	GENERAL	2,500
ST STEPHEN'S LUTHERAN CHURCH 1575 CHARLTON ST WEST ST PAUL,MN55118	NONE	N/A	GENERAL & SCHOLARSHIPS FOR	24,000
BREAKING FREE P O BOX 4366 ST PAUL,MN55104	NONE	N/A	GENERAL	11,000
LUTHERAN MIDEAST DEVELOPMENT C/O ST STEPHEN'S LUTHERAN CHURCH 1575 CHARLTON ST WEST ST PAUL,MN55118	NONE	N/A	GENERAL	95,955
ST STEPHEN'S HUMAN SERVICES 2211 CLINTON AVE S MINNEAPOLIS,MN55404	NONE	N/A	GENERAL OPERATING SUPPORT	3,000
NEIGHBORS INC 218 13TH AVENUE SOUTH SOUTH ST PAUL,MN55075	NONE	N/A	GENERAL	45,000
NC LITTLE MEMORIAL HOSPICE INC 7019 LYNMAR LANE EDINA,MN55435	NONE	N/A	GENERAL	1,000
INDEPENDENT SCHOOL DISTRICT #197 1897 DELAWARE AVE MENDOTA HEIGHTS,MN55118	NONE	N/A	ENCORE SCHOOL AGE CARE	741
360 COMMUNITIES 501 E HIGHWAY 13 SUITE 102 BURNSVILLE,MN553372877	NONE	N/A	PARTNERS FOR SUCCESS MATCH	100,000
THE CHILDREN'S THEATER COMPANY 2400 THIRD AVE S MINNEAPOLIS,MN55404	NONE	N/A	GENERAL	50,000
GUTHRIE THEATER FOUNDATION 818 SOUTH 2ND STREET MINNEAPOLIS,MN55415	NONE	N/A	GENERAL	2,000
Total ................................. 3a				340,196

bApproved for future payment

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

Form 990-PF (2012)

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		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....			14	177,566
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	54,631
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				232,197

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

13232,197

(See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2012)

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

Sign Here

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2012)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Bond	End of Year Book Value	End of Year Fair Market Value
GOLDMAN SACHS 09/01/2012
J P MORGAN CHASE 10/01/2015	249,603	274,788
CS FIRST BOSTON USA 01/15/2014	246,880	261,135
MORGAN STANLEY 03/01/2013	249,318	251,365
PIMCO TOTAL RETURN FD	174,844	197,314
AMERICAN CENTY INTL BD FD	87,463	87,520
DRIEHAUS ACTIVE INCOME FD	165,000	167,671
DRIEHAUS SELECT CREDIT FD	165,000	165,167
ISHARES JP MORGAN EM BOND FD	80,027	92,093
NUVEEN HIGH INCOME BOND FD	160,000	182,732
NUVEEN INFLATION PRO SEC	165,243	173,078

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INCOME	4,112	10,072	10,072
RETURN OF CAPITAL CORRECTION		54	54

Category	Amount	Net Investment Income
FOREIGN TAXES	2,400	2,400
FEDERAL TAX PAYMENT - PRIOR YE	5,500	0
FEDERAL TAX	1,978	0
FEDERAL TAX	1,398	0
FOREIGN TAXES ON QUALIFIED FOR	706	706
FOREIGN TAXES ON NONQUALIFIED	426	426

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ISHARES DOW JONES REGIONAL BK	16,285	17,492
CISCO SYS INC	5,598	6,032
EXXON MOBIL CORP	14,881	16,271
GENERAL ELECTRIC CO	11,973	14,756
JOHNSON & JOHNSON	6,163	7,290
MCDONALD'S CORP
MICROSOFT CORP	9,503	10,070
PFIZER INC	6,971	10,960
VERIZON COMUNICATIONS	4,043	4,716
SCHLUMBERGER LTD	22,210	19,612
PRAXAIR INC
QUALCOMM INC	13,695	13,609
UNITED TECHNOLOGIES CORP	11,156	13,286
PEPSICO INC
AMGEN INC	6,051	6,206
APACHE CORP
CONOCOPHILLIPS	13,597	14,555
MYLAN INC	6,238	6,286
PUBLIC STORAGE INC	3,457	3,479
WELLS FARGO & CO	11,381	17,022
ACCENTURE PLC	3,438	6,052
GILEAD SCIENCES INC	3,146	4,407
INTEL CORP
TEXAS INSTRUMENTS INC
HOME DEPOT INC	4,511	5,381
GOLDMAN SACHS GROUP INC	4,105	4,465
APPLE INC	20,820	46,299
ABBOTT LABORATORIES	4,583	6,354
AFLAC INC	8,960	9,190
DEUTSCHE TELEKOM AG ADR	1,855	1,943
CHEVRON CORPORATION	20,858	22,709
LOWES CO INC	2,045	2,593
MONSANTO CO	9,113	9,560
V F CORP	4,821	4,529
AGCO CORP	5,445	5,698
BOEING CO	3,419	3,843
CAMERON INTL CORP	5,926	9,090
COGNIZANT TECH SOLUTIONS CL A	3,585	7,093
DANAHER CORP	4,023	7,826
E O G RES INC	4,192	4,590
EXPRESS SCRIPTS INC	3,833	5,832
GOOGLE INC CL A	16,816	21,929
HALLIBURTON CO
IBM CORP	13,350	23,752
NIKE INC
SCHEIN HENRY INC	6,996	10,696
TARGET CORP	3,389	3,964
ABB LTD A D R
AIA GROUP LTD	6,222	6,949
AT&T INC	2,779	3,202
AVALONBAY CMNTYS INC	3,522	4,339
CVS/CAREMARK CORP	10,588	14,698
DISNEY WALT CO	10,449	12,995
FREEPORT MCMORAN COPPER GOLD	3,538	4,309
GENERAL DYNAMICS CORP
HESS CORP
J P MORGN CHASE & CO	8,615	11,344
KIMBERLY CLARK CORP	5,681	5,572
AGRIUM INC	3,103	8,289
ANGLO AMERICAN PLC ADR
B H P BILLITON LTD ADR
ATLAS COPCO AB ADR	5,515	8,471
KEPPEL CORP LTD SPONS ADR
OCCIDENTAL PETROLEUM CORP	7,736	8,810
PETROLEO BRASILEIRO SPON ADR	3,373	2,901
TOTAL S A ADR	16,583	12,950
HONDA MOTOR CO LTD ADR	6,867	7,499
T J X COS INC
BRITISH AMERN TOB PLC ADR	11,540	20,452
DIAGEO PLC SPNS ADR	8,811	12,124
NESTLE S A SPONS ADR	26,324	37,342
NOVARTIS A G ADR	5,427	6,963
ROCHE HLDG LTD ADR	14,446	17,675
DBS GROUP HLDGS LTD	14,671	16,435
PRUDENTIAL FINANCIAL INC
TRAVELERS COS INC	4,887	6,895
WILLIAMS SONOMA INC	4,553	5,209
PUBLIC SVC ENTERPRISE GROUP
KONINKLIJKE ROYAL KPN NV ADR
THE GAP INC	6,981	8,226
FOMENTO ECONOMICO MEX SP ADR	3,502	9,264
CATERPILLAR INC
FLOWSERVE CORP	5,938	6,900
UNION PACIFIC CORP	11,908	21,247
WALGREEN CO	7,031	7,439
KAO CORP ADR	4,728	4,415
MICHAEL KORS HOLDINGS	7,022	8,930
DIRECTV CL A	3,098	5,819
SNAP ON INC	5,305	5,371
ANADARKO PETROLEUM CORP	8,317	9,735
COMPANHIA DE BEBIDAS P R ADR
UNILEVER PLC SPSD ADR	6,917	8,480
WAL MART STORES INC	4,148	5,527
ASTRAZENECA P L C SPSD ADR
CERNER CORP	2,015	5,658
FOOT LOCKER INC	4,550	5,171
NATIONAL OILWELL VARCO INC	5,353	5,263
MERCK & CO INC	8,536	9,826
SANOFI ADR	13,525	18,004
THERMO FISHER SCIENTIFIC INC	6,593	9,312
VARIAN MED SYS INC	5,211	6,743
ACE LTD	9,137	10,374
BOC HONG KONG HLDGS LTD ADR	4,460	6,431
BOSTON PPTYS INC	2,996	4,021
METLIFE INC
OIL STATES INTL INC	6,695	6,081
P N C FINANCIAL SERVICES GROUP	3,430	4,490
TOKIO MARINE HOLDINGS ADR
ZURICH FINANCIAL SERVICES ADR	3,012	4,502
NATIONAL GRID PLC SP ADR	8,036	9,707
P G E CORP
KINDER MORGAN MGMT FRACT CUSIP
AMERICAN CENTY VISTA FD INSTIT	103,748	144,532
NEUBERGER BERMAN GENESIS INSTL	117,636	163,591
T ROWE PRICE MID CAP VALUE FD	121,855	154,660
AMERICAN ELECTRIC POWER CO	3,682	5,079
AMERICAN EXPRESS CO	2,705	4,598
ASSA ABLOY AB ADR	4,325	5,553
BRISTOL-MEYERS SQUIBB CO
CANADIAN PACIFIC RAILWAY	4,340	5,996
CAPITAL ONE FINANCIAL CORP	4,757	4,576
DOLLAR GENERAL CORP	7,021	5,996
DEUTSCHE BANK AG	4,188	5,403
DOVER CORP
FIFTH THIRD BANCORP	6,759	8,406
INGERSOLL RAND PLC	5,037	5,276
KROGER CO	5,348	5,933
ORACLE CORPORATION	9,517	11,029
MONDELEZ INTERNATIONAL W I	2,944	3,538
PACCAR INC	1,955	2,034
PRICELINE COM INC	665	6,204
QUEST DIAGNOSTICS INC	6,848	6,351
TARGET CORPORATION
UNITED HEALTH GROUP INC	9,580	13,289
URBAN OUTFITTERS INC	4,594	5,038
VMWARE INC CL A	6,925	5,743
YAHOO INC	5,829	6,089
BARCLAYS PLC ADR	5,569	5,023
CANON INC SPONS ADR
COVIDIEN PLC	2,613	3,753
CARNIVAL CORP
FUJIFILM HOLDINGS ADR
COPA HOLDINGS SA CL A	4,683	5,967
EASTMAN CHEM CO	5,397	6,465
LUKOIL SPON ADR	8,224	11,407
MITSUI & CO LTD SPSD ADR	6,689	9,015
MTN GROUP LTD ADR	3,170	3,175
NISSAN MOTOR LTD SPONS ADR	8,220	9,278
ORIX CORP SPONS ADR	7,242	10,478
PHILLIPS 66	3,951	5,841
SAP AG ADR	14,142	17,684
ROCKWELL AUTOMATION INC	9,627	9,911
TYCO INTERNATIONAL LTD
VALE SA SP ADR	3,958	3,713
ISHARES MSCI EMERGING MKTS ETF	252,915	302,023
CBS CORP CLASS B NON VOTING	5,639	6,126
ALLERGAN INC	5,530	7,981
AMERIPRISE FINL INC	6,518	8,205
BORG WARNER INC	5,095	9,096
BROADCOM CORP	6,910	6,476
CELGENE CORP	7,896	9,887
CITIGROUP INC	7,820	9,178
CENTURYLINK INC	2,851	2,934
EMC CORP	17,326	18,494
EDISON INTL	1,874	1,808
KEYCORP NEW	2,283	2,644
KRAFT FOODS INC	1,580	2,092
KEPPEL CORP LTD SPONS ADR	10,346	14,718
LULULEMON ATHLETICA INC	4,249	5,107
NEXTERA ENERGY INC	9,146	10,655
NOKIAN TYRES OYJ UNSPON ADR	4,334	3,990
LYONDELLBASELL INDUSTRIES CL A	3,886	5,024
PEABODY ENERGY CORP
PIONEER NAT RES CO	4,099	7,461
PRECISION CASTPARTS CORP	4,704	5,493
REYNOLDS AMERICAN INC
SEMPRA ENERGY	3,610	5,179
TRIMBLE NAV LTD	4,586	5,022
EATON CORP PIC	2,130	2,221
ANHEUSER BUSCH INBEV NV ADR	18,043	21,852
BASF AG ADR	14,086	18,240
B H P BILLITON PLC SPSD ADR	14,273	13,652
BT GROUP PLC ADR	13,145	17,912
BAYERISCHE MOTOREN WERKE ADR	7,809	12,486
CAREFUSION CORP	6,342	6,373
CNOOC LTD ADR
EQUINIX INC	5,771	12,372
HSBC HOLDINGS PLC SPONS ADR	11,549	11,782
HONEYWELL INTERNATIONAL INC	3,511	3,808
INTERCONTINENTAL HTLS PLSPONS
LVMH MOET HENNESSY LOU VUI ADR	7,112	7,953
REGIONS FINL CORP	4,401	4,970
ROYAL DUTCH SHELL PLC ADR	9,068	9,239
SIEMENS AG ADR	3,877	4,269
STATE STR CORP	2,834	3,150
NOVO NORDISK AS ADR	8,974	10,282
VODAFONE GROUP PLC ADR	5,573	5,743
VOLVO AB SPONSORED ADR	4,210	4,579
INGREDION INC	4,841	5,605
AGILENT TECHNOLOGIES INC
ALLIANCE DATA SYSTEMS CORP	3,902	6,080
AMAZON COM INC	3,990	5,519
ANNALY CAP MGMT INC
AON CORP
CARDINAL HEALTH INC
COMCAST CORP CL A	3,837	5,455
CUMMINS INC
DEERE & CO	11,440	12,272
DISCOVER FINL SVCS	3,400	5,281
DU PONT E I DE NEMOURS & CO
E BAY INC	6,985	11,780
EQUINIX INC
FLUOR CORP	6,746	6,579
FRANKLIN RES INC
HELMERICH PAYNE INC
HUMANA INC
INTERNATIONAL PAPER CO	3,728	6,215
KLA TENCOR CORP	6,015	6,209
KOHLS CORP
LAUDER ESTEE COS INC CL A	8,863	10,655
LOCKHEED MARTIN CORP	4,286	5,168
MACYS INC	7,195	9,677
MARATHON PETROLEUM CORP	3,188	6,048
MATTEL INC	4,128	5,603
P P G INDS INC
P P L CORPORATION
PHILIP MORRIS INTL	8,949	9,870
RALPH LAUREN CORP	3,883	5,997
ROSS STORES INC
SIMON PROPERTY GROUP
TIME WARNER CABLE INC	1,509	2,105
TIME WARNER INC
UNUM GROUP
VIACOM INC CL B
WYNDHAM WORLDWIDE CORP	3,583	6,066
XCEL ENERGY INC	4,630	5,155
AIR LIQUIDE SA ADR	10,460	10,256
ALLIANZ SE ADR	17,053	16,017
AMERICA MOVIL ADR	5,898	4,813
ARM HLDGS PLC ADR	13,702	17,704
ATLAS COPCO AB SPONS ADR	5,130	5,015
B A E SYSTEMS PLC ADR	4,161	5,347
B G GROUP PLC ADR	6,749	4,428
BCE INC	4,197	4,809
BROOKFIELD ASSET MANAGE CL A	4,991	5,571
BUNGE LIMITED	3,095	3,053
CANADIAN NATL RY CO	4,119	5,097
CARNIVAL PLC ADR	4,986	4,456
CHINA MOBILE LIMITED ADR	4,140	4,698
CHINA RES ENTERPRISE LTD ADR
COCHLEAR LTD UNSPON ADR	4,820	4,433
CSL LIMITED ADR	3,384	4,933
DASSAULT SYSTEMES SA ADR	7,164	9,952
ENEL SOCIETA ADR
ERSTE GROUP BANK AG ADR
FANUC CORPORATION ADR	7,666	8,855
FRESENIUS MED CARE SPONS ADR	7,311	6,791
HITACHI LTD	4,334	4,773
HOYA CORP ADR
I C I C I BANK LIMITED ADR	7,714	6,760
IMPERIAL OIL LTD	5,203	4,214
ITAU UNIBANCO HOLDINGS SA ADR	8,327	7,160
JGC CORP UNSPONS ADR	4,699	5,132
JUPITER TELECOM ADR
LI FUNG LTD ADR	10,034	8,019
LONZA GROUP AG UNSPONS ADR	4,233	3,062
LOREAL CO UNSPONS ADR	6,055	6,771
NETEASE COM INC ADR
NIPPON TELEGRAPH TELE ADR	4,133	3,449
OAO GAZPROM SPON ADR	3,238	1,868
QIAGEN NV	3,985	3,521
REPSOL SA SPONS ADR	4,873	3,051
SASOL LTD SPONS ADR	2,974	2,294
SBERBANK SPONS ADR	9,869	8,918
SCHNEIDER ELECT SA UNSP ADR	7,678	6,537
SHIRE PLC ADR	4,918	4,701
SONOVA HOLDING UNSPON ADR	4,010	4,872
SWATCH GROUP AG ADR	4,944	5,232
TAIWAN SEMICONDUCTOR ADR	5,758	7,036
TESCO PLC ADR	4,107	3,482
TEVA PHARMACEUTICAL INDS ADR
TURKIYE GARANTI BANKASI AS ADR	6,379	6,354
UNICHARM CORPORATION ADR	4,587	6,206
UNILEVER NV ADR	2,970	3,409
WAL MART DE MEXICO SAB ADR
WPP PLC SPONS ADR	5,995	7,071
HIGHLAND LONG SHORT EQUITY Z
NUVEEN REAL ESTATE SECURIT	100,000	112,249
SPDR DJ WILSHIRE INTERNATIONAL	175,598	182,560
TFS MARKET NEUTRAL FD	150,000	150,482
AMERICAN CAPITAL AGENCY CORP	5,606	5,144
ANALOG DEVICES INC	6,881	7,234
BLACKROCK INC	5,662	5,995
YUM BRANDS INC	5,725	5,843
POSTNL NV ADR	3,965	4,333
POTASH CORP OF SASKATCHEWAN	5,459	5,208
REXAM PLC ADR	4,458	4,610
ROGERS COMMUNICATIONS INC	3,867	4,233
SANDS CHINA LTD UNSPONS ADR	4,160	5,421
SEADRILL LIMITED	5,776	5,446
SEAGATE TECHNOLOGY	5,785	6,814
SEVEN & HLDGS UNSPN ADR	4,454	3,775
SUNCOR ENERGY	4,196	4,914
SVENSKA HANDELSBANKEN A UNSP A	2,358	2,578
SWEDBANK AB ADR	4,601	5,029
SYNGENTA AG ADR	4,352	5,414
SYSMEX CORP UNSPON ADR	4,089	4,623
TRANSOCEAN LTD	4,278	4,689
VALEOSA SPON ADR	9,521	9,432
XINYI GLASS HOLDINGS LTS	2,052	2,255
PYXIS LONG SHORT EQUITY Z	200,000	198,760
SPDR GOLD TRUST	54,106	51,036