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        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>18474</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>9725</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>8749</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>LINDA LOHSE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2440 EAST BROADWAY</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85719</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5207913939</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>NO SPECIFIC FORM IS REQUIRED. AFTER MEETING WITH FOUNDATION REPRESENTATIVES, THE ENTITY APPLYING FOR THE GRANT WILL BE ASKED TO SUPPLY SPECIFIC PROGRAM AND FINANCIAL INFORMATION.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>GRANTS ARE GENERALLY MADE TO ORGANIZATIONS IN THE TUCSON AREA AND ARE FOR EDUCATIONAL AND CHARITABLE PURPOSES.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AMERICAN RED CROSS OF SOUTHERN ARIZONA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3470 E UNIVERSAL WAY</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85756</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>WILDFIRE RELIEF</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARIZONA COMMUNITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2201 E CAMELBACK RD SUITE 405B</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85016</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TOGETHER FOR IMPACT FUND BUILDING</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHILDREN'S MUSEUM TUCSON</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>220 S 6TH AVE</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CAPITAL CAMPAIGN</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PLANNED PARENTHOOD ARIZONA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2255 N WYATT DR</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85712</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>VASECTOMY PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF ARIZONA FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 210109</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>857210109</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENDOWMENT MULCAHY - NON REVENUE GENERATING SPORTS</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARIZONA GOVERNOR'S OFFICE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1700 W WASHINGTON ST SUITE 230</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85007</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>GOV</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>VOLUNTEER AWARDS</GrantOrContributionPurposeTxt>
          <Amt>800</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>145800</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>223105</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>9907</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>233014</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>233014</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>3812</Amt>
        <NetInvestmentIncomeAmt>953</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2859</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc2203000001">
      <DepreciationPropertyGrp>
        <PropertyDesc>COPY MACHINE</PropertyDesc>
        <AcquiredDt>1996-02-29</AcquiredDt>
        <CostOrOtherBasisAmt>782</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>782</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT &amp; FIXTURES</PropertyDesc>
        <AcquiredDt>1997-11-14</AcquiredDt>
        <CostOrOtherBasisAmt>589</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>589</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COVERED PARKING STRUCTURE</PropertyDesc>
        <AcquiredDt>1997-09-01</AcquiredDt>
        <CostOrOtherBasisAmt>6450</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4180</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>165</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <GeneralExplanationAttachment documentId="RetDoc2258700001">
      <GeneralExplanationGrp>
        <IdentifierTxt>EXPLANATION FOR SHARED EXPENSES</IdentifierTxt>
        <FormAndLineReferenceDesc>FROM 990-PF, PART 1, LINE 24</FormAndLineReferenceDesc>
        <MediumExplanationTxt>THE FOUNDATION REIMBURSES THE MULCAHY FOUNDATION, #86-6053461, FOR THE SHARED OFFICE EXPENSES OF A GROUP OF RELATED 501(C)(3) ORGANIZATIONS HOUSED IN THE SAME OFFICE. THIS ARRANGEMENT PROMOTES EFFICIENT ACCOUNTING FOR THE ENTITIES, ELIMINATING THE NEED FOR MULTIPLE PAYROLL FILINGS, ETC.</MediumExplanationTxt>
      </GeneralExplanationGrp>
    </GeneralExplanationAttachment>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>50M MOTOROLA, 7.5%, DUE 2025</BondNm>
        <EOYBookValueAmt>48004</EOYBookValueAmt>
        <EOYFMVAmt>51244</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>90M FORD MOTOR CO, 7.125%, DUE 2025</BondNm>
        <EOYBookValueAmt>86404</EOYBookValueAmt>
        <EOYFMVAmt>91075</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>52M HERTZ CORP, 7%, DUE 2028</BondNm>
        <EOYBookValueAmt>1885</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>40M UNUM GROUP, 7.25%, DUE 2028</BondNm>
        <EOYBookValueAmt>42304</EOYBookValueAmt>
        <EOYFMVAmt>42589</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>95M MOTOROLA, 6.5%, DUE 2028</BondNm>
        <EOYBookValueAmt>93874</EOYBookValueAmt>
        <EOYFMVAmt>97979</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>65M ISRAEL STATE, 7.25%, DUE 2028</BondNm>
        <EOYBookValueAmt>62568</EOYBookValueAmt>
        <EOYFMVAmt>70325</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>200M AT&amp;T, 6.5%, DUE 2029</BondNm>
        <EOYBookValueAmt>198758</EOYBookValueAmt>
        <EOYFMVAmt>209082</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>50M PERATON ENTERPRISE SOLUTIONS, 7.45%, DUE 2029</BondNm>
        <EOYBookValueAmt>50254</EOYBookValueAmt>
        <EOYFMVAmt>52303</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75M FORD MOTOR CO, 7.45%, DUE 2031</BondNm>
        <EOYBookValueAmt>75758</EOYBookValueAmt>
        <EOYFMVAmt>81679</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>25M ENCANA CORP, 7.375%, DUE 2031</BondNm>
        <EOYBookValueAmt>25302</EOYBookValueAmt>
        <EOYFMVAmt>27540</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>160M ALLY FINANCIAL, 8%, DUE 2031</BondNm>
        <EOYBookValueAmt>153741</EOYBookValueAmt>
        <EOYFMVAmt>174498</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>108M WALT DISNEY, 7%, DUE 2032</BondNm>
        <EOYBookValueAmt>106924</EOYBookValueAmt>
        <EOYFMVAmt>126100</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>30M GE CO MTN ISIN, 6.75%, DUE 2032</BondNm>
        <EOYBookValueAmt>26965</EOYBookValueAmt>
        <EOYFMVAmt>34124</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75M ALLTELL, 7.875%, DUE 2032</BondNm>
        <EOYBookValueAmt>78017</EOYBookValueAmt>
        <EOYFMVAmt>86049</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>70M MASCO, 6.5%, DUE 2032</BondNm>
        <EOYBookValueAmt>71249</EOYBookValueAmt>
        <EOYFMVAmt>76320</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>25M HSBC HOLDINGS, 7.35%, DUE 2032</BondNm>
        <EOYBookValueAmt>25059</EOYBookValueAmt>
        <EOYFMVAmt>26347</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>100M KOHLS CORP, 6%, DUE 2033</BondNm>
        <EOYBookValueAmt>106505</EOYBookValueAmt>
        <EOYFMVAmt>75893</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>100M BOEING, 6.125%, DUE 2033</BondNm>
        <EOYBookValueAmt>95254</EOYBookValueAmt>
        <EOYFMVAmt>107822</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>125M SOUTHERN COPPER, 7.5%, DUE 2035</BondNm>
        <EOYBookValueAmt>133881</EOYBookValueAmt>
        <EOYFMVAmt>145171</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>22M RELIANCE STEEL, 6.85%, DUE 2036</BondNm>
        <EOYBookValueAmt>25849</EOYBookValueAmt>
        <EOYFMVAmt>24265</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>105M WESTERN UNION CO, 6.2%, DUE 2036</BondNm>
        <EOYBookValueAmt>103790</EOYBookValueAmt>
        <EOYFMVAmt>108728</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>60M GE CO MTN ISIN, 6.15%, DUE 2037</BondNm>
        <EOYBookValueAmt>58405</EOYBookValueAmt>
        <EOYFMVAmt>64406</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>175M KRAFT FOODS, 7%, DUE 2037</BondNm>
        <EOYBookValueAmt>174141</EOYBookValueAmt>
        <EOYFMVAmt>206591</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>110M GOLDMAN SACHS, 6.75%, DUE 2037</BondNm>
        <EOYBookValueAmt>100398</EOYBookValueAmt>
        <EOYFMVAmt>121081</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>25M CSX CORP, 7.45%, DUE 2038</BondNm>
        <EOYBookValueAmt>23880</EOYBookValueAmt>
        <EOYFMVAmt>29208</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>50M DELL INC, 6.5%, DUE 2038</BondNm>
        <EOYBookValueAmt>42005</EOYBookValueAmt>
        <EOYFMVAmt>53510</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>40M TIME WARNER CABLE, 7.3%, DUE 2038</BondNm>
        <EOYBookValueAmt>43600</EOYBookValueAmt>
        <EOYFMVAmt>41247</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>100M GENERAL ELECTRIC, 8.45%, DUE 2039</BondNm>
        <EOYBookValueAmt>112938</EOYBookValueAmt>
        <EOYFMVAmt>121327</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>25M PROTECTIVE LIFE, 8.45%, DUE 2039</BondNm>
        <EOYBookValueAmt>24867</EOYBookValueAmt>
        <EOYFMVAmt>31372</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>35M XEROX CORP, 6.75%, DUE 2039</BondNm>
        <EOYBookValueAmt>36815</EOYBookValueAmt>
        <EOYFMVAmt>30517</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>10M HEWLETT-PACKARD, 6%, DUE 2041</BondNm>
        <EOYBookValueAmt>10261</EOYBookValueAmt>
        <EOYFMVAmt>10534</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>100M ECOPETROL, 7.375%, DUE 2043</BondNm>
        <EOYBookValueAmt>117256</EOYBookValueAmt>
        <EOYFMVAmt>95450</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>20M BELLSOUTH, 7%, DUE 2045</BondNm>
        <EOYBookValueAmt>21205</EOYBookValueAmt>
        <EOYFMVAmt>21378</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>50M GENERAL MOTORS COMPANY, 6.75%, DUE 2046</BondNm>
        <EOYBookValueAmt>52158</EOYBookValueAmt>
        <EOYFMVAmt>53776</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>100M PETROLEOS MEXICANOS, 6.75%, DUE 2047</BondNm>
        <EOYBookValueAmt>102206</EOYBookValueAmt>
        <EOYFMVAmt>65432</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>7M FRONTIER COMM HOLDINGS, 5.875%, DUE 2024</BondNm>
        <EOYBookValueAmt>7206</EOYBookValueAmt>
        <EOYFMVAmt>6059</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>58M REYNOLDS AMERICAN, 6.15%, DUE 2043</BondNm>
        <EOYBookValueAmt>69445</EOYBookValueAmt>
        <EOYFMVAmt>57390</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>100M PHILLIPS 66, 8.125%, DUE 2030</BondNm>
        <EOYBookValueAmt>115605</EOYBookValueAmt>
        <EOYFMVAmt>115877</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>80M WISCONSIN POWER &amp; LIGHT COMPANY, 7.6%, DUE 2038</BondNm>
        <EOYBookValueAmt>88685</EOYBookValueAmt>
        <EOYFMVAmt>95234</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>1,715 SHS AT&amp;T INC</StockNm>
        <EOYBookValueAmt>38018</EOYBookValueAmt>
        <EOYFMVAmt>28778</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>9,000 SHS BLUE OWL CAPITAL CORP</StockNm>
        <EOYBookValueAmt>129352</EOYBookValueAmt>
        <EOYFMVAmt>132840</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtObligationsBookVlEOYAmt>0</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>0</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>271270</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>228915</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>241 OZ GOLD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>95566</BookValueAmt>
        <EOYFMVAmt>497159</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc2059000001">
      <LandEtcGrp>
        <CategoryOrItemTxt>COPY MACHINE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>782</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>782</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE EQUIPMENT &amp; FIXTURES</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>589</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>589</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>COVERED PARKING STRUCTURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>6450</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4345</AccumulatedDepreciationAmt>
        <BookValueAmt>2105</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>DIVIDEND RECEIVABLE</Desc>
        <BOYBookValueAmt>2970</BOYBookValueAmt>
        <EOYBookValueAmt>3150</EOYBookValueAmt>
        <EOYFMVAmt>3150</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>ACCRUED INTEREST PURCHASED</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>152</EOYBookValueAmt>
        <EOYFMVAmt>152</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>962</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>240</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>722</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS - OTHER/SHARED</Desc>
        <RevenueAndExpensesPerBooksAmt>515</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>129</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>386</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER - SHARED</CategoryTxt>
        <Amt>484</Amt>
        <NetInvestmentIncomeAmt>121</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>363</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAXES</CategoryTxt>
        <Amt>2501</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>