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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>1100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>A MACARTHUR SOCIETY OF WP GRAD</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>12361 EAST CORNELL AVE</AddressLine1Txt>
            <CityNm>AURORA</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80014</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>5171</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SAINT ANDREWS ACADEMY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 213</AddressLine1Txt>
            <CityNm>VERONA</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41092</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BREAKTHROUGH T1D</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>35 E WACKER DR STE 2200</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE MOODY CHURCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1635 N LA SALLE DR</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60614</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AMERICAN FAMILY ASSOCIATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>108 PARKGATE DR</AddressLine1Txt>
            <CityNm>TUPELO</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LEADERSHIP INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1101 N HIGHLAND ST</AddressLine1Txt>
            <CityNm>ARLINGTON</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22201</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>439271</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>21383</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>130446</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>425</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>40</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>-88114</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>MS 9291 - CASH LIQUID DIST</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1657</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>NORTH HAVEN CRDT PRT</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>18965</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>NORTH HAVEN CRDT PRT -TIMIN</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>14770</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>187686</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>-88114</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>99572</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="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING AND TAX PREP FEES</CategoryTxt>
        <Amt>6505</Amt>
        <NetInvestmentIncomeAmt>6505</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9386 - ST COVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>163</GrossSalesPriceAmt>
        <BasisAmt>202</BasisAmt>
        <TotalNetAmt>-39</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9386 - LT COVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>6449</GrossSalesPriceAmt>
        <BasisAmt>7394</BasisAmt>
        <TotalNetAmt>-945</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9385 - ST COVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>117135</GrossSalesPriceAmt>
        <BasisAmt>116861</BasisAmt>
        <SalesExpenseAmt>174</SalesExpenseAmt>
        <TotalNetAmt>100</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9385 - LT COVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>137325</GrossSalesPriceAmt>
        <BasisAmt>137762</BasisAmt>
        <SalesExpenseAmt>864</SalesExpenseAmt>
        <TotalNetAmt>-1301</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9384 - ST NONCOVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>1023</GrossSalesPriceAmt>
        <BasisAmt>898</BasisAmt>
        <SalesExpenseAmt>125</SalesExpenseAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9384 - LT COVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>2994</GrossSalesPriceAmt>
        <BasisAmt>2888</BasisAmt>
        <SalesExpenseAmt>23</SalesExpenseAmt>
        <TotalNetAmt>83</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9384 - LT NONCOVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>20226</GrossSalesPriceAmt>
        <BasisAmt>21464</BasisAmt>
        <SalesExpenseAmt>238</SalesExpenseAmt>
        <TotalNetAmt>-1476</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9291 - ST COVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>258770</GrossSalesPriceAmt>
        <BasisAmt>254341</BasisAmt>
        <TotalNetAmt>9094</TotalNetAmt>
        <AccumulatedDepreciationAmt>4665</AccumulatedDepreciationAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9291 - LT COVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>729695</GrossSalesPriceAmt>
        <BasisAmt>817537</BasisAmt>
        <TotalNetAmt>-83218</TotalNetAmt>
        <AccumulatedDepreciationAmt>4624</AccumulatedDepreciationAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9291 - NONCOVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>189</GrossSalesPriceAmt>
        <TotalNetAmt>189</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY 9290 - LT COVERED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>22368</GrossSalesPriceAmt>
        <BasisAmt>38958</BasisAmt>
        <TotalNetAmt>-16590</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>PFIC NORTH HAVEN CREDIT PARTNERSHIP</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>5989</GrossSalesPriceAmt>
        <TotalNetAmt>5989</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="RetDoc3">
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORGAN STANLEY 49291</BondNm>
        <EOYBookValueAmt>4814</EOYBookValueAmt>
        <EOYFMVAmt>4847</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORGAN STANLEY 49384</BondNm>
        <EOYBookValueAmt>67942</EOYBookValueAmt>
        <EOYFMVAmt>61603</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORGAN STANLEY 49385</BondNm>
        <EOYBookValueAmt>219679</EOYBookValueAmt>
        <EOYFMVAmt>226628</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORGAN STANLEY 49386</BondNm>
        <EOYBookValueAmt>9950</EOYBookValueAmt>
        <EOYFMVAmt>8389</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 49018</StockNm>
        <EOYBookValueAmt>26667</EOYBookValueAmt>
        <EOYFMVAmt>26667</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 49290</StockNm>
        <EOYBookValueAmt>583947</EOYBookValueAmt>
        <EOYFMVAmt>757882</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 49291</StockNm>
        <EOYBookValueAmt>3623384</EOYBookValueAmt>
        <EOYFMVAmt>4349997</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 49384</StockNm>
        <EOYBookValueAmt>191926</EOYBookValueAmt>
        <EOYFMVAmt>136618</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 49386</StockNm>
        <EOYBookValueAmt>109971</EOYBookValueAmt>
        <EOYFMVAmt>97852</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc5">
      <USGovtObligationsBookVlEOYAmt>199920</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>192353</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc6">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NH CREDIT PARTNERS III</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>218320</BookValueAmt>
        <EOYFMVAmt>214674</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MORGAN STANLEY 49381</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>480000</BookValueAmt>
        <EOYFMVAmt>558379</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc7">
      <LegalFeesGrp>
        <CategoryTxt>HUCK BOUMA - LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>484</LegalFeesAmt>
        <NetInvestmentIncomeAmt>484</NetInvestmentIncomeAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ACCRUED INTEREST PAID</Desc>
        <RevenueAndExpensesPerBooksAmt>2045</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2045</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADVISORY FEES MS</Desc>
        <RevenueAndExpensesPerBooksAmt>38620</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>38620</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT COST BASIS ADJ</Desc>
        <RevenueAndExpensesPerBooksAmt>376</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>376</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PARTNERSHIP EXPENSES &amp; FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>5374</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5374</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc9">
      <OtherIncomeDetail>
        <Desc>NON-DIVIDEND DISTIBUTION</Desc>
        <RevenueAndExpensesPerBooksAmt>425</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>425</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MS 9291 - CASH LIQUID DIST.</Desc>
        <RevenueAndExpensesPerBooksAmt>1657</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NORTH HAVEN CRDT PRT</Desc>
        <RevenueAndExpensesPerBooksAmt>18965</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NORTH HAVEN CRDT PRT -TIMING</Desc>
        <RevenueAndExpensesPerBooksAmt>14770</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherNotesLoansRcvblShortSch2 documentId="RetDoc10">
      <OtherNotesLoansRcvblShortGrp>
        <Organization501c3Name>
          <BusinessNameLine1Txt>CLAPMAN SCHOOL</BusinessNameLine1Txt>
        </Organization501c3Name>
        <BalanceDueAmt>99866</BalanceDueAmt>
      </OtherNotesLoansRcvblShortGrp>
    </OtherNotesLoansRcvblShortSch2>
    <TaxesSchedule documentId="RetDoc11">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX WITHHELD</CategoryTxt>
        <Amt>4185</Amt>
        <NetInvestmentIncomeAmt>4185</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>SECRETARY OF STATE ANNUAL REPORT</CategoryTxt>
        <Amt>13</Amt>
        <NetInvestmentIncomeAmt>13</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>990-PF TAX</CategoryTxt>
        <Amt>2500</Amt>
        <NetInvestmentIncomeAmt>2500</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>IL CHARITABLE ORG ANNUAL REPORT</CategoryTxt>
        <Amt>15</Amt>
        <NetInvestmentIncomeAmt>15</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>