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        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>THE TRUST ENABLES ELIGIBLE EMPLOYERS TO JOIN TOGETHER IN THE PURCHASE AND MAINTENANCE OF A POLICY OR POLICIES OR GROUP INSURANCE PROVIDING SICK, ACCIDENT OR OTHER BENEFITS FOR THE BENEFIT OF THE EMPLOYEES AND DEPENDENTS OF ELIGIBLE EMPLOYERS.</ExplanationTxt>
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        <ExplanationTxt>SCHEDULE D, PART VIII INVESTMENTS-PROGRAM RELATED IS VOTING OWNERSHIP OF CLASS A SHARES OF CONSULTING ENGINEERS REINSURANCE COMPANY (CERC), A MISSOURI CAPTIVE INSURER. CERC REINSURES RISKS OF MEMBER FIRMS OF THE AMERICAN COUNCIL OF ENGINEERING COMPANIES.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI</FormAndLineReferenceDesc>
        <ExplanationTxt>SECTION B, QUESTION 12A THE TRUST DOES NOT CURRENTLY HAVE A WRITTEN CONFLICT OF INTEREST POLICY ENACTED. IT WILL REVIEW THE IMPLEMENTATION OF SUCH POLICY ANNUALLY. PART VI, SECTION B, QUESTION 13 THE TRUST DOES NOT CURRENTLY HAVE A WRITTEN WHISTLEBLOWER POLICY. THE TRUST WILL REVIEW ANNUALLY THE IMPLEMENTATION OF SUCH POLICY. SECTION B, QUESTION 14 THE TRUST DOES NOT CURRENTLY HAVE A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. THE TRUST WILL REVIEW ANNUALLY THE IMPLEMENTATION OF SUCH POLICY. SECTION B, QUESTION 15 THE TRUST HAS NO COMPENSATED POSITIONS; HENCE NO SUCH INDEPENDENT PERSON REVIEW AND APPROVAL IS NECESSARY.</ExplanationTxt>
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        <ExplanationTxt>ACEC ADMINISTRATIVE TRUST EMPLOYEES PERFORM MANAGEMENT AND ACCOUNTING FUNCTIONS FOR THE ACEC LIFE/HEALTH TAX EXEMPT INSURANCE TRUST.</ExplanationTxt>
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        <ExplanationTxt>DRAFT OF FORM 990 WAS EMAILED TO EACH TRUSTEE WITH INSTRUCTIONS TO DIRECT ANY QUESTIONS OR COMMENTS TO THE PREPARER OF THE 990 WITHIN 48 HOURS AND TO COPY THE OTHER TRUSTEES.</ExplanationTxt>
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        <ExplanationTxt>THE TRUST MAKES PUBLICLY AVAILABLE ONLY DOCUMENTS REQUIRED UNDER FEDERAL LAW.</ExplanationTxt>
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      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
    </IRS990ScheduleR>
  </ReturnData>
</Return>