| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 6,800 | 3,400 | 3,400 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MORGAN STANLEY EQUITIES | AT COST | 2,084,949 | 2,745,738 |
| MORGAN STANLEY MUTUAL FUNDS | AT COST | 363,869 | 420,929 |
| MORGAN STANLEY HEDGE FUNDS | AT COST | 348,714 | 360,819 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MORGANSTANLEY INVESTMENT FEES | 29,415 | 29,415 | 0 |
| Description | Amount |
|---|---|
| TIMING DIFFERENCES | 29,273 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO MANAGER | 16,000 | 20,000 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 284 | 284 | 0 | |
| EXCISE TAXES PAID | 4,000 | 0 | 0 |