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          <FormAndInfoAndMaterialsTxt>THE TRUSTEES OF THE SCHOLARSHIP TRUST PROVIDE THE SCHOOL BOARDS OF ST. ELMO, IL AND HUGO, OK HIGH SCHOOL WITH A LIST OF CRITERIA TO QUALIFY FOR THE SCHOLARSHIPS. BASED ON THESE CRITERIA THE SCHOOL BOARDS SELECT THE INDIVIDUALS WHO QUALIFY FOR THE SCHOLARSHIPS. FAMILIES OF SCHOOL BOARD MEMBERS AND FAMILIES OF THE TRUSTEES OF THE SCHOLARSHIP FUND ARE EXCLUDED. AFTER THE NAMES OF THE SCHOLARSHIP RECIPIENTS ARE FORWARDED TO THE TRUSTEES OF THE SCHOLARSHIP FUND WE ENTER INTO A SIGNED CONTRACT WITH THE SCHOLARSHIP RECIPIENTS. THIS CONTRACT SPECIFIES THE TERMS OF THE SCHOLARSHIP. BY COMMUNICATIONS WITH THE SCHOOL BOARDS AND CONTRACTS WITH THE SCHOLARSHIP RECIPIENTS WE BELIEVE THAT WE ARE INSURING THAT RECIPIENTS ARE QUALIFIED TO RECEIVE BENEFITS IN ACCORDANCE WITH THE TERMS SPECIFIED IN THE TRUST AGREEMENT.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MARCH 31</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>AVAILABLE FOR GRADUATING SENIORS AT ST ELMO, IL HIGH SCHOOL AND HUGO, OK HIGH SCHOOL. STUDENTS MUST CHOOSE TO MAJOR IN CERTAIN FIELDS TO BE ELIGIBLE. THOSE FIELDS OF STUDY ARE SPELLED OUT IN THE APPLICATION AND IN THE SCHOLARSHIP AGREEMENT THAT EACH RECIPIENT SIGNS.</RestrictionsOnAwardsTxt>
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          <RecipientPersonNm>PEYTON GARRARD</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2 E MONROE AVE</AddressLine1Txt>
            <CityNm>ALTAMONT</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>62411</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>1</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5489</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LANEY BALDRIDGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>600 JULIEANN DR</AddressLine1Txt>
            <CityNm>ST ELMO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>62458</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>1</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LANE STINE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1996 E 1325 AVE</AddressLine1Txt>
            <CityNm>FARINA</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>62838</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>1</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>62500</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>135</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>37720</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>70941</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>20963</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>SCHOLARSHIPS REFUNDED</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>2100</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>MISC</Desc>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>110896</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>20963</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>131859</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING</CategoryTxt>
        <Amt>2300</Amt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <StockNm>WASHINGTON MUTUAL FUND</StockNm>
        <EOYBookValueAmt>692635</EOYBookValueAmt>
        <EOYFMVAmt>692635</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INCOME FUND OF AMERICA</StockNm>
        <EOYBookValueAmt>794707</EOYBookValueAmt>
        <EOYFMVAmt>794707</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc4">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>15</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PUBLICATION COSTS</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>20</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc6">
      <OtherIncomeDetail>
        <Desc>SCHOLARSHIPS REFUNDED</Desc>
        <RevenueAndExpensesPerBooksAmt>2100</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>2100</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc5">
      <OtherIncreasesDetail>
        <Desc>CHANGE IN UNREALIZED GAINS</Desc>
        <Amt>50131</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="RetDoc7">
      <TaxesDetail>
        <CategoryTxt>990 PF TAXES</CategoryTxt>
        <Amt>967</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>