Cash Flows From Operating Activities

     Increase in Net Assets

$1,076,737

     Adjustments to Reconcile Increase of Net Assets to Net

            Cash Provided by Operating Activities

            Depreciation

$        1,852

            Net Unrealized Gains on Investments

(912,332)

            Net Loss on Sale of Investments

3,482

    Decrease in Operating Assets

        Receivables - Membership Dues

2,215

        Investment Income Receivable

769

        Prepaid Expenses

3,225

    Increase (Decrease) in Operating Liabilities

        Accounts Payable

(6,670)

        Pension Contribution

(735)

        Accrued Public Programs

          2,000

    Total Adjustments

    (906,194)

    Net Cash Provided by Operating Activities

170,543

Cash Flows From Investing Activities

    Purchase of Furniture and Equipment

(11,387)

    Purchase of Investments

(1,117,007)

    Sale of Investments

      922,422

    Net Cash Used in Investing Activities

    (205,972)

Net Decrease in Cash

(35,429)

Cash - Beginning of Year

     173,429

Cash - End of Year

$    138,000