| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PROGRAM RELATED INVESTMENTS | 18,993,831 | 22,813,999 | 22,813,999 |
| INTEREST RECEIVABLE FROM PROG. RELATED INVESTMENTS | 56,360 | 57,411 | 57,411 |
| FED EXCISE TAX REC. | 4,925 | 0 | 0 |