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        <Desc>OTHER ART CONTRIBUTIONS</Desc>
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      <OtherAssetsScheduleGrp>
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        <EOYFMVAmt>729700</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>LIBRARY</Desc>
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        <EOYBookValueAmt>24229</EOYBookValueAmt>
        <EOYFMVAmt>24229</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>ORGANIZATIONAL COSTS</Desc>
        <BOYBookValueAmt>31172</BOYBookValueAmt>
        <EOYBookValueAmt>31172</EOYBookValueAmt>
        <EOYFMVAmt>31172</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>DIAMOND SEA - DOUG AITKEN</Desc>
        <BOYBookValueAmt>175000</BOYBookValueAmt>
        <EOYBookValueAmt>175000</EOYBookValueAmt>
        <EOYFMVAmt>175000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>ATTACK PIECE - DARA BIRNBAUM</Desc>
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        <EOYBookValueAmt>247500</EOYBookValueAmt>
        <EOYFMVAmt>247500</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>ATTACK PIECE: WORKING DRAWINGS - DARA BIRNBAUM</Desc>
        <BOYBookValueAmt>95000</BOYBookValueAmt>
        <EOYBookValueAmt>95000</EOYBookValueAmt>
        <EOYFMVAmt>95000</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>SIC TRANSIT, GLORIA MUNDI - MIRCEA CANTOR</Desc>
        <BOYBookValueAmt>150000</BOYBookValueAmt>
        <EOYBookValueAmt>150000</EOYBookValueAmt>
        <EOYFMVAmt>150000</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>INITIALS - JAMES COLEMAN</Desc>
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        <EOYBookValueAmt>500000</EOYBookValueAmt>
        <EOYFMVAmt>500000</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>DER LAUF DER DINGE - PETER FISCHLI</Desc>
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        <EOYBookValueAmt>2000</EOYBookValueAmt>
        <EOYFMVAmt>2000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>PHAT FREE - DAVID HAMMONS</Desc>
        <BOYBookValueAmt>300000</BOYBookValueAmt>
        <EOYBookValueAmt>300000</EOYBookValueAmt>
        <EOYFMVAmt>300000</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>OTHER FACES - WILLIAM KENTRIDGE</Desc>
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        <EOYBookValueAmt>400000</EOYBookValueAmt>
        <EOYFMVAmt>400000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>CHEWING GUM - CHRISTIAN MARCLAY</Desc>
        <BOYBookValueAmt>50000</BOYBookValueAmt>
        <EOYBookValueAmt>50000</EOYBookValueAmt>
        <EOYFMVAmt>50000</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>LYNCHING TREE - STEVE MCQUEEN</Desc>
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        <EOYBookValueAmt>200000</EOYBookValueAmt>
        <EOYFMVAmt>200000</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>THE ENCLAVE - RICHARD MOSSE</Desc>
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        <EOYBookValueAmt>200000</EOYBookValueAmt>
        <EOYFMVAmt>200000</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>RAPTURE - SHIRIN NESHAT</Desc>
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        <EOYFMVAmt>250000</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
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        <EOYBookValueAmt>1000</EOYBookValueAmt>
        <EOYFMVAmt>1000</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>THE UNDERGROUND SUNDAE - ANDY WARHOL</Desc>
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        <EOYBookValueAmt>75000</EOYBookValueAmt>
        <EOYFMVAmt>75000</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>STASI CITY - LOUISE AND JANE WILSON</Desc>
        <BOYBookValueAmt>100000</BOYBookValueAmt>
        <EOYBookValueAmt>100000</EOYBookValueAmt>
        <EOYFMVAmt>100000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
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        <Desc>DUES AND SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>95</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
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        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>HONORARIA</Desc>
        <RevenueAndExpensesPerBooksAmt>3750</RevenueAndExpensesPerBooksAmt>
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        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3750</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>EXHIBITION EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>1500</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1500</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>STORAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>22240</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>22240</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>6472</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>P/R AGENCY FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>3509</RevenueAndExpensesPerBooksAmt>
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        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
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    </OtherExpensesSchedule>
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        <CategoryTxt>FRANCHISE TAX BOARD</CategoryTxt>
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      <TaxesDetail>
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      <TaxesDetail>
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    </TaxesSchedule>
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</Return>