| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PROGRAM-RELATED INVESTMENTS | 31,477,939 | 44,852,438 | 44,852,438 |
| PREPAID PENSION COST | 33,701,142 | 41,980,247 | 41,980,247 |
| REDEMPTIONS DIVIDENDS, INTEREST, AND OTHER RECEIVABLES | 643,626 | 1,805,720 | 1,805,720 |
| PREPAID FEDERAL EXCISE AND UNRELATED BUSINESS INCOME TAX | 6,193,601 | 309,951 | 309,951 |
| INTEREST RECEIVABLE | 0 | 273,593 | 273,593 |