| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL FEES | 1,860 | 0 | 0 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| EURO PACIFIC GROWTH 338 SHS | FMV | 12,901 | 16,107 |
| FRANKLIN BALANCE SHEET INVESTMENT FUND 581 SHS | FMV | 23,727 | 23,705 |
| FRANKLIN EQUITY INCOME FUND CL 810 SHS | FMV | 18,104 | 18,566 |
| FRANKLIN FEDERAL INTER-TERM INCOME 4862 SHS | FMV | 59,010 | 60,094 |
| FRANKLIN GLOBAL REAL ESTATE GROWTH & INCOME 1029 SHS | FMV | 8,438 | 9,047 |
| FRANKLIN GROWTH FUND CL A GROWTH 264 SHS | FMV | 16,409 | 20,584 |
| FRANKLIN INCOME FUND CL A AGGRESSIVE INCOME 7556 SHS | FMV | 18,130 | 16,396 |
| FRANKLIN MUTUAL EUROPEAN FUND GROWTH 404 SHS | FMV | 10,054 | 8,308 |
| FRANKLIN RISING DIVIDENDS FUND 291 SHS | FMV | 15,065 | 14,914 |
| FRANKLIN STRATEGIC INCOME FUND 1728 SHS | FMV | 18,340 | 16,178 |
| GOLDMAN SACHS COMMODITY | FMV | 0 | 0 |
| HARBOR INTERNATIONAL FD INVESTOR 321 SHS | FMV | 17,900 | 20,227 |
| MFS INTERNATIONAL VALUE 373 SHS | FMV | 11,100 | 13,900 |
| FRANKLIN MUTUAL GLOBAL DISCOVERY FUND 814 SHS | FMV | 27,790 | 26,123 |
| TEMPLETON DEVELOPING MARKETS 865 SHS | FMV | 19,989 | 12,265 |
| TEMPLETON GLOBAL SMALLER 944 SHS | FMV | 8,228 | 7,791 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OFFICE EXPENSE | 16 | 0 | 0 | 0 |
| TRAVEL EXPENSES, BOARD MEETINGS | 16,876 | 0 | 0 | 0 |
| Name | Address |
|---|---|
| GUSTAV F PAPANEK |
2 MASON STREET LEXINGTON,MA02421 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAX EXPENSE | 130 | 0 | 0 | 0 |
| FEDERAL (EXCISE) TAX | 95 | 0 | 0 | 0 |