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        <CategoryTxt>HANSEN, PLAHM &amp; CO.</CategoryTxt>
        <Amt>7625</Amt>
        <NetInvestmentIncomeAmt>1525</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6100</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc3">
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>1994-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>6567</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6567</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>1995-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>8440</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>8440</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>1996-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>8154</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>8154</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>1996-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>22046</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>22046</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>1998-06-01</AcquiredDt>
        <CostOrOtherBasisAmt>9032</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>9032</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>1998-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>6343</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6343</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>1999-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>12221</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>12221</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2000-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>10848</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>10848</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2001-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>5596</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5596</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2002-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>3537</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3537</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2003-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>966</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>966</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2004-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>8641</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>8641</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2005-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>5792</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5792</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2006-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>1787</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1787</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2008-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>1242</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1242</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2009-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>6556</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6556</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2010-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>1876</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1876</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2011-12-10</AcquiredDt>
        <CostOrOtherBasisAmt>4094</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4094</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2012-12-15</AcquiredDt>
        <CostOrOtherBasisAmt>1583</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1583</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER EQUIP.</PropertyDesc>
        <AcquiredDt>2013-12-15</AcquiredDt>
        <CostOrOtherBasisAmt>3249</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3249</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2015-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>4018</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3157</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>574</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>CALAMOS MARKET NEUTRAL INC. I</StockNm>
        <EOYBookValueAmt>185476</EOYBookValueAmt>
        <EOYFMVAmt>185476</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>T ROWE PRICE BLUE CHIP GROWTH FUND</StockNm>
        <EOYBookValueAmt>54157</EOYBookValueAmt>
        <EOYFMVAmt>54157</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LAZARD EMERGING MARKETS I</StockNm>
        <EOYBookValueAmt>65470</EOYBookValueAmt>
        <EOYFMVAmt>65470</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OAKMARK FUND ADVISOR</StockNm>
        <EOYBookValueAmt>125636</EOYBookValueAmt>
        <EOYFMVAmt>125636</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THORNBURG INTL VALUE I</StockNm>
        <EOYBookValueAmt>196413</EOYBookValueAmt>
        <EOYFMVAmt>196413</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>T ROWE PRICE QM US SMALL CAP FUND</StockNm>
        <EOYBookValueAmt>8475</EOYBookValueAmt>
        <EOYFMVAmt>8475</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BROWN ADV SMALL CAP FUND</StockNm>
        <EOYBookValueAmt>11717</EOYBookValueAmt>
        <EOYFMVAmt>11717</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLACKSTONE MULTI-STRATEGY FUND</StockNm>
        <EOYBookValueAmt>177272</EOYBookValueAmt>
        <EOYFMVAmt>177272</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="RetDoc5">
      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE FURNITURE AND EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>132588</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>132301</AccumulatedDepreciationAmt>
        <BookValueAmt>287</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc6">
      <LegalFeesGrp>
        <CategoryTxt>GOLDSTINE, SKRODZKI</CategoryTxt>
        <LegalFeesAmt>175</LegalFeesAmt>
        <NetInvestmentIncomeAmt>35</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>140</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="RetDoc7">
      <OtherDecreasesDetail>
        <Desc>MARKET VALUE SECURITIES</Desc>
        <Amt>211226</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>1738</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>348</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1390</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES AND SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>767</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>153</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>614</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>3649</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>730</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2919</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADMINISTRATIVE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>3408</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>682</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2726</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc9">
      <OtherIncomeDetail>
        <RevenueAndExpensesPerBooksAmt>82</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>82</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc10">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER PROF. FEES</CategoryTxt>
        <Amt>3023</Amt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MORGAN STANLEY FEES</CategoryTxt>
        <Amt>7677</Amt>
        <NetInvestmentIncomeAmt>7677</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>WALDEN ASSOCIATES</CategoryTxt>
        <Amt>39996</Amt>
        <NetInvestmentIncomeAmt>7999</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>31997</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc11">
      <TaxesDetail>
        <CategoryTxt>NET INVESTMENT INCOME TAX</CategoryTxt>
        <Amt>47</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
