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          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>138 S Pine Street</AddressLine1Txt>
            <CityNm>Doylestown</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18901</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Allentown Arts Museum</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>31 N 5th Street</AddressLine1Txt>
            <CityNm>Allentown</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>General Support</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Concord Museum</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>53 Cambridge Tpke</AddressLine1Txt>
            <CityNm>Concord</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>01742</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Everson Museum</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>401 Harrison Street</AddressLine1Txt>
            <CityNm>Syracuse</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13202</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>45000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Fabric Workshop and Museum</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1214</AddressLine1Txt>
            <AddressLine2Txt>Arch Street</AddressLine2Txt>
            <CityNm>Philadelphia</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19107</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Fuller Craft Museum</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>455 Oak Street</AddressLine1Txt>
            <CityNm>Brockton</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02301</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GWU Textile Museum</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>701 21 Street NW</AddressLine1Txt>
            <CityNm>Washington</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20052</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Greater Hudson Heritage Network</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2199 Saw Mill River Road</AddressLine1Txt>
            <CityNm>Elmsford</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10523</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Madison Square Conservancy</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>11 Madison Avenue</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Mass MoCA</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>1040 Mass MoCA Way N</AddressLine1Txt>
            <CityNm>Adams</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>01247</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Museum of Fine Arts Boston</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>465 Huntington Avenue</AddressLine1Txt>
            <CityNm>Boston</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02115</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MoMA PS1</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>22-25 Jackson Avenue</AddressLine1Txt>
            <CityNm>Queens</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11101</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Newark Museum of Art</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>49 Washington Street</AddressLine1Txt>
            <CityNm>Newark</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07102</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RISD Museum</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>20 N Main Street</AddressLine1Txt>
            <CityNm>Providence</CityNm>
            <StateAbbreviationCd>RI</StateAbbreviationCd>
            <ZIPCd>02903</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>River Valley Arts Collective</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>23 Big Rock Loop</AddressLine1Txt>
            <CityNm>Katonah</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10536</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Science History Institute</BusinessNameLine1Txt>
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          <RecipientUSAddress>
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            <CityNm>Philadelphia</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19106</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Smithsonian National Museum American Indian</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>Fourth Street SW</AddressLine1Txt>
            <CityNm>Washington</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20560</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The Museum at FIT</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>227 W 27th Street</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10001</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12814</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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          <RecipientUSAddress>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13624</ZIPCd>
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          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
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          <RecipientBusinessName>
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          <GrantOrContributionPurposeTxt>Exhibition</GrantOrContributionPurposeTxt>
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            <BusinessNameLine1Txt>University of Art Museum</BusinessNameLine1Txt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>50000 TOTAL CAPTL INTL SA</BondNm>
        <EOYBookValueAmt>54756</EOYBookValueAmt>
        <EOYFMVAmt>49960</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 CITIBANK NA</BondNm>
        <EOYBookValueAmt>79111</EOYBookValueAmt>
        <EOYFMVAmt>74916</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 TORONTO DOMINION BANK</BondNm>
        <EOYBookValueAmt>74721</EOYBookValueAmt>
        <EOYFMVAmt>74357</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 COMCAST CORP</BondNm>
        <EOYBookValueAmt>74175</EOYBookValueAmt>
        <EOYFMVAmt>73973</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 SUMITOMO MITSUI FINL GRP</BondNm>
        <EOYBookValueAmt>77516</EOYBookValueAmt>
        <EOYFMVAmt>73898</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>50000 EXXON MOBIL CORPORATION</BondNm>
        <EOYBookValueAmt>52266</EOYBookValueAmt>
        <EOYFMVAmt>49026</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 CREDIT SUISSE NEW YORK</BondNm>
        <EOYBookValueAmt>77953</EOYBookValueAmt>
        <EOYFMVAmt>73937</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 SHELL INTERNATIONAL FIN</BondNm>
        <EOYBookValueAmt>76884</EOYBookValueAmt>
        <EOYFMVAmt>73062</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 PNC FINANCIAL SERVICES</BondNm>
        <EOYBookValueAmt>75013</EOYBookValueAmt>
        <EOYFMVAmt>74891</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 SIMON PROPERTY GROUP LP</BondNm>
        <EOYBookValueAmt>73929</EOYBookValueAmt>
        <EOYFMVAmt>73838</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 MITSUBISHI UFJ FIN GRP</BondNm>
        <EOYBookValueAmt>74404</EOYBookValueAmt>
        <EOYFMVAmt>72437</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 TRGET CORP</BondNm>
        <EOYBookValueAmt>73712</EOYBookValueAmt>
        <EOYFMVAmt>72722</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 DEUTSCHE BANK NY</BondNm>
        <EOYBookValueAmt>74484</EOYBookValueAmt>
        <EOYFMVAmt>73986</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 MORGAN STANLEY</BondNm>
        <EOYBookValueAmt>74438</EOYBookValueAmt>
        <EOYFMVAmt>73916</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 CANADIAN IMPERIAL BANK</BondNm>
        <EOYBookValueAmt>74466</EOYBookValueAmt>
        <EOYFMVAmt>73803</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 NORTHERN TRUST CORP</BondNm>
        <EOYBookValueAmt>74211</EOYBookValueAmt>
        <EOYFMVAmt>73694</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 ASTRAZENECA FINANCE LLC</BondNm>
        <EOYBookValueAmt>73747</EOYBookValueAmt>
        <EOYFMVAmt>73549</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 PAYPAL HOLDING INC</BondNm>
        <EOYBookValueAmt>73738</EOYBookValueAmt>
        <EOYFMVAmt>73408</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 PHILIP MORRIS INTL INC</BondNm>
        <EOYBookValueAmt>75525</EOYBookValueAmt>
        <EOYFMVAmt>74894</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 HONEYWELL INTERNATIONAL</BondNm>
        <EOYBookValueAmt>71852</EOYBookValueAmt>
        <EOYFMVAmt>71599</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 DIAGEO CAPITAL PLC</BondNm>
        <EOYBookValueAmt>76520</EOYBookValueAmt>
        <EOYFMVAmt>75566</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 ANHEUSER-BUSCH CO INVEB</BondNm>
        <EOYBookValueAmt>73682</EOYBookValueAmt>
        <EOYFMVAmt>73636</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>75000 LAM RESEARCH CORP</BondNm>
        <EOYBookValueAmt>74157</EOYBookValueAmt>
        <EOYFMVAmt>73648</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>50000 PFIZER INVESTMENT ENTER</BondNm>
        <EOYBookValueAmt>49540</EOYBookValueAmt>
        <EOYFMVAmt>49859</EOYFMVAmt>
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        <StockNm>12394 WELLS FARGO &amp; COMPANY</StockNm>
        <EOYBookValueAmt>397688</EOYBookValueAmt>
        <EOYFMVAmt>610033</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>1004 UNITED HEALTH GROUP</StockNm>
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        <EOYFMVAmt>528576</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>3211 CAPITAL ONE FINANCIAL COR</StockNm>
        <EOYBookValueAmt>262989</EOYBookValueAmt>
        <EOYFMVAmt>421026</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>10390 COMCAST CORP CI A</StockNm>
        <EOYBookValueAmt>423833</EOYBookValueAmt>
        <EOYFMVAmt>455602</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1139 AON PLC/IRELAND A</StockNm>
        <EOYBookValueAmt>235837</EOYBookValueAmt>
        <EOYFMVAmt>331472</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>4974 ALPHABET INC (GOOG)</StockNm>
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        <EOYFMVAmt>700986</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>2277 ALPHABET, INC (GOOGL)</StockNm>
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        <EOYFMVAmt>318074</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>8026 AMAZON.COM INC.</StockNm>
        <EOYBookValueAmt>581726</EOYBookValueAmt>
        <EOYFMVAmt>1219470</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>990 ANTHEM INC.</StockNm>
        <EOYBookValueAmt>394344</EOYBookValueAmt>
        <EOYFMVAmt>466844</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>257 CHARTER COMMUNICATIONS INC</StockNm>
        <EOYBookValueAmt>80524</EOYBookValueAmt>
        <EOYFMVAmt>99891</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>9347 CITIGROUP INC.</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>7826 CONOCOPHILLIPS (COP)</StockNm>
        <EOYBookValueAmt>810932</EOYBookValueAmt>
        <EOYFMVAmt>908364</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>1563 THE WALT DISNEY COMPANY</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>7714 DISH NETWORK CORP</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>592 EVOLUTION GAMING GROUP-ADR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2541 META PLATFORMS INC</StockNm>
        <EOYBookValueAmt>481543</EOYBookValueAmt>
        <EOYFMVAmt>899412</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>5147 GENERAL ELECTRIC CO. (GE)</StockNm>
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        <EOYFMVAmt>656912</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1631 GOLDMAN SACHS GROUP INC (</StockNm>
        <EOYBookValueAmt>325252</EOYBookValueAmt>
        <EOYFMVAmt>629191</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1852 HILTON WORLDWIDE HOLDINGS</StockNm>
        <EOYBookValueAmt>135994</EOYBookValueAmt>
        <EOYFMVAmt>337231</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>4604 LIBERTY BROADBAND (LBRDK)</StockNm>
        <EOYBookValueAmt>423970</EOYBookValueAmt>
        <EOYFMVAmt>371036</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1455 MARRIOT INTERNATIONAL INC</StockNm>
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        <EOYFMVAmt>328117</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2997 MICROSOFT CORPORATION</StockNm>
        <EOYBookValueAmt>106513</EOYBookValueAmt>
        <EOYFMVAmt>1126992</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3118 MORGAN STANLEY</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1293 NETFLIX COM INC.</StockNm>
        <EOYBookValueAmt>277658</EOYBookValueAmt>
        <EOYFMVAmt>629536</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>769 VISA INC-CLASS A SHRS (V)</StockNm>
        <EOYBookValueAmt>153026</EOYBookValueAmt>
        <EOYFMVAmt>200209</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1202 IAC/INTERACTIVE COM (IAC)</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1952 WOODWARD GOVERNOR CO</StockNm>
        <EOYBookValueAmt>204485</EOYBookValueAmt>
        <EOYFMVAmt>265726</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>7325 AERCAP HOLDING NV (AER)</StockNm>
        <EOYBookValueAmt>393687</EOYBookValueAmt>
        <EOYFMVAmt>544394</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>55835 PROSUS NV (PROSY)</StockNm>
        <EOYBookValueAmt>379331</EOYBookValueAmt>
        <EOYFMVAmt>332218</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>13560 SAFRAN SA (SAFRY)</StockNm>
        <EOYBookValueAmt>406585</EOYBookValueAmt>
        <EOYFMVAmt>598403</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1860 NASPERS LIMITED (NPSNY)</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>11610 SHELL PLC ADR (SHEL)</StockNm>
        <EOYBookValueAmt>679826</EOYBookValueAmt>
        <EOYFMVAmt>763938</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1593 OCCIDENTAL PETROLEUM CORP</StockNm>
        <EOYBookValueAmt>100100</EOYBookValueAmt>
        <EOYFMVAmt>95118</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>26346 BAYER A G SPONSORED ADR</StockNm>
        <EOYBookValueAmt>399083</EOYBookValueAmt>
        <EOYFMVAmt>243174</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2748 SAP AKIENGESELLSCHAFT SPO</StockNm>
        <EOYBookValueAmt>373803</EOYBookValueAmt>
        <EOYFMVAmt>424813</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3600 TAIWAN SEMICONDUCTOR MFG</StockNm>
        <EOYBookValueAmt>331138</EOYBookValueAmt>
        <EOYFMVAmt>374400</EOYFMVAmt>
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    </InvestmentsCorpStockSchedule>
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        <CategoryOrItemTxt>MILLENNIUM INTERNATIONAL LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
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      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>572</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>572</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES/MEMBERSHIPS</Desc>
        <RevenueAndExpensesPerBooksAmt>2920</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2920</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>774</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>774</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>SHIPPING</Desc>
        <RevenueAndExpensesPerBooksAmt>679</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>679</DisbursementsCharitablePrpsAmt>
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      <OtherIncreasesDetail>
        <Desc>BOOK/TAX DIFFERENCE</Desc>
        <Amt>79244</Amt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER PROFESSIONAL FEES #7360</CategoryTxt>
        <Amt>133533</Amt>
        <NetInvestmentIncomeAmt>66767</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>66766</DisbursementsCharitablePrpsAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER PROFESSIONAL FEES #4050</CategoryTxt>
        <Amt>10554</Amt>
        <NetInvestmentIncomeAmt>5277</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5277</DisbursementsCharitablePrpsAmt>
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      <TaxesDetail>
        <CategoryTxt>FEDERAL TAX PAYMENTS</CategoryTxt>
        <Amt>51597</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN INCOME TAX WITHHELD</CategoryTxt>
        <Amt>4163</Amt>
        <NetInvestmentIncomeAmt>4163</NetInvestmentIncomeAmt>
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    </TaxesSchedule>
  </ReturnData>
</Return>