| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,800 | 1,800 | 0 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| LINCOLN NAT'L CORP | 117,671 | 95,072 |
| MERCK AND CO INC | 28,585 | 94,734 |
| AMERICAN CAPITAL WORLD | 385,552 | 692,545 |
| BLACKROCK GLOBAL ALLOC | 736,946 | 864,173 |
| FRANKLIN MUTUAL GLOB DISC | 286,883 | 325,153 |
| FRANKLIN MUTUAL SHARES | 293,294 | 302,278 |
| TEMPLETON GROWTH FUND INC | 744,309 | 894,480 |
| ORGANON AND CO | 1,412 | 645 |
| FIRST TRST NASD | 148,123 | 146,899 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID TAXES | 672 | 2,840 | 2,840 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| POSTAGE | 62 | 62 | 0 | 0 |
| MERRILL LYNCH ANNUAL FEE | 150 | 75 | 0 | 75 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PRIOR YEAR TAX | 2,999 | 3,000 | 0 | 0 |
| FOREIGN TAX - MERRILL LYNCH | 342 | 342 | 0 | 0 |