Partners
Blessed Rock of El Monte
Costa Mesa, California


                          INDEPENDENT AUDITOR'S REPORT

      I have audited the accompanying balance sheet of Blessed Rock of El Monte,
a  California  Limited  Partnership  as of December  31, 2004 and 2005,  and the
related  statements of operations and changes in partners' equity, and operating
cash  flows  for the  years  then  ended.  These  financial  statements  are the
responsibility of the partnership's  management. My responsibility is to express
an opinion on these financial statements based on my audits.

      I conducted my audits in  accordance  with  auditing  standards  generally
accepted in the United States.  Those standards  require that I plan and perform
the audit to obtain reasonable  assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements.  An
audit also includes  assessing the accounting  principles  used and  significant
estimates  made by  management,  as well as  evaluating  the  overall  financial
statement presentation.  I believe that my audits provide a reasonable basis for
my opinion.

      In my opinion,  the financial statements referred to above present fairly,
in all material respects,  the financial position of Blessed Rock of El Monte as
of  December  31,  2004 and  2005  and the  results  of its  operations  and its
operating  cash  flows for the years then ended in  conformity  with  accounting
principles generally accepted in the United States.

      My audit was  conducted  for the  purpose  of  forming  an  opinion on the
financial   statements  taken  as  a  whole.   The  accompanying   supplementary
information  shown on page 12 and 13 is presented  for the purpose of additional
analysis and is not a required part of the basic financial statements of Blessed
Rock of El Monte. Such information has been subjected to the auditing procedures
applied in the audit of the basic financial  statements  and, in my opinion,  is
fairly stated in all material  respects in relation to the financial  statements
taken as a whole.


                                                                   /s/ Jack Gilk
                                                                   -------------
February 8, 2006                                                      33-0724657

<PAGE>
<TABLE>
<CAPTION>

                                 BLESSED ROCK OF EL MONTE
                            (A California Limited Partnership)
------------------------------------------------------------------------------------------
                        BALANCE SHEETS, DECEMBER 31, 2004 AND 2005
------------------------------------------------------------------------------------------


                                        A S S E T S

                                                           2005               2004
                                                       -------------      -------------
<S>                                                    <C>                <C>
Current Assets:
   Operating cash and equivalents                      $     459,783      $     227,596
   Security deposit cash                                      25,801             25,969
   Tenant accounts receivable                                    370                  -
   Other accounts receivable                                   6,281             81,081
   Prepaid expenses                                           61,945             51,897
                                                       -------------      -------------
       Total current assets                                  554,180            386,543
                                                       -------------      -------------

Property, Building, and Equipment, At Cost:
   Land                                                    1,271,162          1,271,162
   Building and improvements                               7,992,586          7,992,586
   Equipment                                                  54,657             54,657
                                                       -------------      -------------
                                                           9,318,405          9,318,405
   Accumulated depreciation                              ( 1,728,013 )      ( 1,523,169 )
                                                       -------------      -------------
       Property, building, and equipment - net             7,590,392          7,795,236
                                                       -------------      -------------

Other Assets:
   Replacement reserve                                       156,909            135,579
   Tax and insurance restricted accounts                      22,073             23,916
                                                       -------------      -------------
       Total other assets                                    178,982            159,495
                                                       -------------      -------------

                                                       $   8,323,554      $   8,341,274
                                                       =============      =============


                    See the accompanying notes to financial statements.
-----------------------------------------------------------------------------------------
                                             2

<PAGE>

Blessed Rock of El Monte
Balance Sheets, December 31, 2004 and 2005
Page 2
-----------------------------------------------------------------------------------------


                             LIABILITIES AND PARTNERS' EQUITY

                                                           2005               2004
                                                       -------------      -------------
Current Liabilities:
   Current portion of long-term debt                   $      46,361      $      43,214
   Accounts payable                                            6,667              4,535
   Security trust liability                                   23,635             23,770
   Accrued interest                                           14,175             14,701
   Accrued asset management fees                              32,880             32,880
   Other accruals                                              6,025                198
   Unearned rental income                                      1,054              1,007
                                                       -------------      -------------
       Total current liabilities                             130,797            120,305
                                                       -------------      -------------

Long-term Debt:
   Mortgage payable, less current portion
       included above                                      2,412,783          2,459,144
   Notes payable                                             681,525            681,525
   Accrued interest payable                                  199,995            169,654
   Grant loan payable                                        400,000            400,000
   Developer fee payable                                           -                  -
                                                       -------------      -------------
       Total long-term debt                                3,694,303          3,710,323
                                                       -------------      -------------

Partners' equity                                           4,498,454          4,510,646
                                                       -------------      -------------

                                                       $   8,323,554      $   8,341,274
                                                       =============      =============


                    See the accompanying notes to financial statements.
-----------------------------------------------------------------------------------------
                                             3

<PAGE>

                                 BLESSED ROCK OF EL MONTE
                            (A California Limited Partnership)
------------------------------------------------------------------------------------------
                           STATEMENTS OF OPERATIONS AND CHANGES
            IN PARTNERS' EQUITY FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2005
------------------------------------------------------------------------------------------


                                                           2005               2004
                                                       -------------      -------------
Revenue:
   Gross potential rents                                $    745,260      $     722,814
   Excess rents                                              117,337            129,960
   Less vacancies                                            ( 1,442 )          ( 5,344 )
                                                        ------------      -------------
   Net rental income                                         861,155            847,430
   Laundry and vending                                        13,410             11,703
   Tenant charges                                              1,482              1,942
   Interest income                                             2,490                977
   Other income                                                  886             35,276
                                                        ------------      -------------
       Total revenues                                        879,423            897,328
                                                        ------------      -------------

Expenses:
   Administrative                                            200,758            177,881
   Utilities                                                  74,145             64,157
   Operating and maintenance                                 128,436            103,812
   Taxes and insurance                                        56,579             58,507
   Interest                                                  204,853            208,077
   Depreciation and amortization                             204,844            206,876
                                                       -------------      -------------
       Total expenses                                        869,615            819,310
                                                       -------------      -------------

Net income (loss)                                              9,808             78,018

Partners' equity - beginning                               4,510,646          4,495,325

Partners' distributions                                     ( 22,000 )         ( 62,697 )
                                                       -------------      -------------

Partners' equity - ending                              $   4,498,454      $   4,510,646
                                                       =============      =============


                    See the accompanying notes to financial statements.
-----------------------------------------------------------------------------------------
                                             4

<PAGE>

                                 BLESSED ROCK OF EL MONTE
                            (A California Limited Partnership)
-----------------------------------------------------------------------------------------
                                 STATEMENTS OF CASH FLOWS
                      FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2005
-----------------------------------------------------------------------------------------


                                                           2005               2004
                                                       -------------      -------------
Cash flows from operating activities:
   Rental receipts                                      $    848,544       $    835,626
   Operating interest receipts                                 1,704                402
   Other operating receipts                                   90,578             13,645
   Payments to suppliers and employees:
       Administrative expenses                              ( 47,918 )         ( 44,918 )
       Management fees                                      ( 99,011 )         ( 41,569 )
       Utilities                                            ( 71,596 )         ( 64,157 )
       Salaries and wages                                   ( 43,358 )         ( 55,374 )
       Operating and maintenance                           ( 115,758 )         ( 87,221 )
       Real estate taxes                                     ( 7,643 )          ( 9,675 )
       Payroll taxes                                         ( 5,062 )          ( 7,017 )
       Property insurance                                   ( 45,120 )          ( 8,405 )
       Miscellaneous taxes and insurance                    ( 17,907 )         ( 21,224 )
       Interest on mortgage                                ( 171,384 )        ( 177,972 )
       Funding security deposit account                           33            ( 1,961 )
                                                       -------------      -------------
         Net cash provided by operating activities           316,102            330,180
                                                       -------------      -------------

Cash flows from investing activities:
   Net tax and insurance impounds                              1,843           ( 36,463 )
   Net reserve deposits, including interest                 ( 21,330 )         ( 21,018 )
   Reserve interest                                              786                575
                                                       -------------      -------------
       Net cash used in investing activities                ( 18,701 )         ( 56,906 )
                                                       -------------      -------------

Cash flows from financing activities:
   Mortgage principal payments                              ( 43,214 )         ( 40,281 )
   Developer fee payments                                          -            ( 7,719 )
   Advances to general partner                                     -            ( 6,281 )
   Partner distributions                                    ( 22,000 )         ( 62,697 )
                                                       -------------      -------------
       Net cash used in financing activities                ( 65,214 )        ( 116,978 )
                                                       -------------      -------------

Net increase (decrease) in cash                              232,187            156,296
Cash at beginning of year                                    227,596             71,300
                                                       -------------      -------------

Cash at end of year                                    $     459,783      $     227,596
                                                       =============      =============


                    See the accompanying notes to financial statements.
-----------------------------------------------------------------------------------------
                                             5

<PAGE>

Blessed Rock of El Monte
Statements of Cash Flows, December 31, 2004 and 2005
Page 2
-----------------------------------------------------------------------------------------------

                               Reconciliation of Net Income (Loss)
                          to Net Cash Provided by Operating Activities


                                                                2005               2004
                                                            -----------        -----------

Net income (loss)                                           $     9,808        $    78,018
Adjustments to reconcile net income (loss) to net cash
   Provided by operating activities:
       Depreciation and amortization                            204,844            206,876
       Decrease (increase) in:
         Security deposit cash                                      168            ( 1,746 )
         Receivables                                             74,430                109
         Prepaids                                              ( 10,048 )           12,500
       Increase (decrease) in:
         Payables                                               ( 1,522 )            4,535
         Security deposit liability                               ( 135 )            ( 215 )
         Accrued expenses                                        39,296             30,303
         Unearned rental income                                      47                375
       Reserve interest earned                                    ( 786 )            ( 575 )
                                                            -----------        -----------

Net cash provided by operating activities                   $   316,102        $   330,180
                                                            ===========        ===========



                       See the accompanying notes to financial statements.
-----------------------------------------------------------------------------------------------
                                               6
</TABLE>
<PAGE>

                            BLESSED ROCK OF EL MONTE
                       (A California Limited Partnership)
--------------------------------------------------------------------------------
                          NOTES TO FINANCIAL STATEMENTS
                                DECEMBER 31, 2005
--------------------------------------------------------------------------------

1.    ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

      ORGANIZATION:  Blessed Rock of El Monte, a California limited partnership,
      was  formed  on  November  22,  1995  by and  between  Everland,  Inc.,  a
      California  Corporation,  as the  general  partner  and Tom Y.  Lee as the
      limited  partner.  The  Partnership  Agreement was amended and restated on
      December 29, 2000 defining the various  partners of the partnership as the
      General Partner,  the Managing  General Partner,  the Limited Partners and
      the Special Limited Partner.

      The  Partnership  was  formed to  acquire,  construct,  own and  operate a
      137-unit elderly facility apartment complex for low income residents in El
      Monte,  California.  The  Partnership  also  generates  tax credits to the
      partners in  accordance  with the  provisions  of the code and  applicable
      Treasury regulations. The Partnership has qualified for low income housing
      tax  credits as  currently  allowable  under  Section  42 of the  Internal
      Revenue Code.

      The  Partnership  received  HOME  funds  from  the  City of El  Monte  and
      redevelopment  funds from the El Monte Community  Redevelopment  Agency as
      part of a public program to ensure  affordable  housing for senior citizen
      tenants.  In addition,  the El Monte Community  Redevelopment  Agency paid
      various  project impact fees to the City of El Monte  associated  with the
      construction and development of the Project on behalf of the Partnership.

      CAPITALIZATION   AND  DEPRECIATION:   Assets  are  recorded  at  cost  and
      depreciated  for financial  accounting  purposes  using the  straight-line
      method over their estimated useful lives.  The principal  estimated useful
      lives used in computing the depreciation provisions are 10 to 40 years for
      building and  improvements,  and 3 to 10 years for equipment The policy of
      the project is to charge amounts  expended for maintenance,  repairs,  and
      minor  replacements to expense,  and to capitalize  expenditures for major
      replacements and betterments.

      CASH AND CASH  EQUIVALENTS:  For  purposes of reporting  cash flows,  cash
      includes  unrestricted cash in bank, cash on hand,  savings accounts,  and
      all  certificates  of deposit with original  maturities of three months or
      less.

      The  Partnership  maintains  its cash in bank deposit  accounts,  which at
      times  may  exceed  federally  insured  limits.  The  Partnership  has not
      experienced any losses in such accounts.  The  Partnership  believes it is
      not exposed to any significant credit risk on cash and cash equivalents.

      DEFERRED  COSTS:  Deferred  costs,   comprised  of  tax  credit  fees  and
      organization costs are being amortized over five years.

--------------------------------------------------------------------------------
                                       7
<PAGE>

Blessed Rock of El Monte
Notes to Financial Statements, December 31, 2005
Page 2
--------------------------------------------------------------------------------

      ESTIMATES:  The  preparation  of financial  statements in conformity  with
      generally  accepted  accounting  principles  requires  management  to make
      estimates and assumptions that affect:  (1) the reported amounts of assets
      and  liabilities  and  disclosure  of  contingencies  at the  date  of the
      financial  statements,  and (2)  the  reported  amounts  of  revenues  and
      expenses  during the reporting  period.  Actual  results could differ from
      those estimates.

      RENTAL INCOME AND UNEARNED RENTS: The Partnership rents apartment units on
      a month to month  basis  and  recognizes  revenues  when  earned.  Advance
      receipts of rents are classified as liabilities until earned.

      INCOME TAXES:  No provision is made for income taxes since such taxes,  if
      any, are the liability of the individual partners.

2.    RESTRICTED FUNDS

      The  Partnership  is required to make  monthly  impound  deposits to cover
      insurance  premiums,   property  taxes  and  to  maintain  a  reserve  for
      replacements.  These  restricted  funds are held by, and  expenditures are
      subject to supervision and approval by, GMAC Commercial Mortgage.

3.    MORTGAGE PAYABLE

      Mortgage payable consists of a 7.05% real estate mortgage,
      payable to GMAC Commercial Mortgage, collateralized
      by a deed of trust on the real property. The obligation
      is payable in aggregate monthly principal and interest
      installments of $18,188 beginning July 1, 1998 with a
      balloon payment in the amount of $2,017,000 payable
      June 1, 2013.                                              $   2,459,144

      Less current portion                                            ( 46,361 )
                                                                 -------------

                                                                 $   2,412,783
                                                                 =============

      The amounts maturing for the next five years are:

             2006         $46,361
             2007          49,737
             2008          53,360
             2009          57,245
             2010          61,414

--------------------------------------------------------------------------------
                                       8
<PAGE>

Blessed Rock of El Monte
Notes to Financial Statements, December 31, 2005
Page 3
--------------------------------------------------------------------------------

4.    NOTES PAYABLE

      Notes payable at December 31, 2005 consist of the following:

      4% note payable with a term of 15 years, payable to El
      Monte Community Redevelopment Agency (RDA), secured by
      deed of trust and rents from Project. Note subject to
      prepayment in whole or in part based on events
      constituting default under terms of promissory note
      agreement. No events of default have occurred through
      December 31, 2005. Payments of interest and principal
      made annually beginning on April 1, 2003, and thereafter
      on April 1 until outstanding principal balance of note
      and all accrued interest paid in full. Payments paid
      from 50% of the residual rental income, as defined in
      the promissory note agreement. Payments, if any, applied
      first to accrued interest and second to principal of
      note. At December 31, 2005, accrued interest on note was
      $31,070.                                                      $    250,878

      1% note payable with a term of 30 years beginning April
      3, 1996, payable to RDA for various development fees,
      secured by a deed of trust and rents from the Project.
      Commencing April 3, 1997, and thereafter on April 3 for
      the following 6 succeeding years, payment of $4,239 due
      each year. Payment increases to $8,478 April 3, 2004 and
      continues the next 7 succeeding years. April 3, 2012,
      payment increases to $32,534 and continues the next 14
      succeeding years, or until paid in full. Payments to be
      paid from 50% of residual rental income, as defined in
      promissory note agreement. Payments first applied to
      interest. At December 31, 2005, accrued interest on note
      was $12,924.                                                       430,647
                                                                    ------------

                                                                    $    681,525
                                                                    ============



--------------------------------------------------------------------------------
                                       9
<PAGE>

Blessed Rock of El Monte
Notes to Financial Statements, December 31, 2005
Page 4
--------------------------------------------------------------------------------

5.    GRANT LOAN PAYABLE

      The Partnership received a loan of $400,000 on April 3, 1996 from the City
      of El Monte as part of a public program to ensure  affordable  housing for
      senior citizen  tenants.  Interest  accrues on the principal amount at 4%,
      with a term of 55 years. Loan is secured by a deed of trust and rents from
      the Project. At maturity, the principal amount of the loan and all accrued
      interest shall be deemed discharged and waived by the City unless there is
      an  occurrence  of an  event  of  default,  as  specified  under  the loan
      agreement. If default occurs, the City of El Monte is entitled to exercise
      its rights and the entire  principal  amount  outstanding  and any accrued
      interest  could  become  due and  payable  at the option of the City of El
      Monte. Accrued interest at December 31, 2005 was $156,000.

6.    RELATED PARTY TRANSACTIONS

      PROJECT OR LOSS  ALLOCATIONS:  All items  included in the  calculation  of
      income  or  loss  not  arising  from a sale  or  refinancing,  and all tax
      credits,  shall be allocated 98.99% equally to the limited partners,  .01%
      to the special limited partner,  .99% to the general partner,  and .01% to
      the managing general partner.

      DEVELOPER FEE PAYABLE AND ADVANCE  PAYABLE TO GENERAL  PARTNER:  Under the
      terms of the Partnership Agreement,  Everland,  Inc., the developer, is to
      receive a developer fee totaling  $1,050,416.  This developer fee bears no
      interest  and is payable  upon  additional  capital  contributions  by the
      limited  partners.  For 2004,  $14,000 was paid.  No payments were made in
      2005.

      MANAGEMENT FEE: A monthly property management fee in an amount computed at
      5% of the  collected  gross  revenue is payable to the  management  agent.
      Property  management  services  to  the  Partnership  are  provided  by an
      affiliate of the limited partners.  Property  management fees were $42,505
      and $43,206 for the years 2004 and 2005, respectively.

      INCENTIVE  MANAGEMENT  AND OTHER  FEES:  Under  the  terms of the  Limited
      Partnership  Agreement,  incentive  management  fees  shall be paid to the
      general  partner for  services  incidental  to the  administration  of the
      business and affairs of the  Partnership.  Reporting fees shall be paid to
      the limited  partners for services  performed in monitoring the operations
      of  the  Partnership,   services  in  connection  with  the  Partnership's
      accounting matters and assisting with the preparation of tax returns.  The
      limited partners earned $12,000 in reporting fees for 2004 and $46,889 for
      2005.  Payments  of  $12,000  and  $11,000  were  made for 2004 and  2005,
      respectively, leaving a balance in accrued reporting fees of $6,024.


--------------------------------------------------------------------------------
                                       10
<PAGE>

Blessed Rock of El Monte
Notes to Financial Statements, December 31, 2005
Page 5
--------------------------------------------------------------------------------

      The managing  general  partner  earned  $16,440 for an  operational  asset
      management  fee for the years 2001 through 2005.  Payments of $16,440 were
      made each of the years from 2003 through 2005,  leaving an accrued balance
      of $32,880 at December 31, 2005.

7.    CURRENT VULNERABILITY DUE TO CERTAIN CONCENTRATIONS

      The  Partnership's  sole  asset  is  a  137-unit  apartment  complex.  The
      Partnership's  operations are  concentrated in the multifamily real estate
      market.  In  addition,  the  Partnership  operates in a heavily  regulated
      environment.   The   operations   of  the   project  are  subject  to  the
      administrative  directives,  rules  and  regulations  of local  regulatory
      agencies.  Such  administrative  directives,  rules  and  regulations  are
      subject to change. Such changes may occur with little notice or inadequate
      funding to pay for related costs, including the additional  administrative
      burden, to comply with a change.




--------------------------------------------------------------------------------
                                       11

<PAGE>

                            BLESSED ROCK OF EL MONTE
                       (A California Limited Partnership)
--------------------------------------------------------------------------------
                        SUPPLEMENTAL SCHEDULE OF EXPENSES
                  FOR THE YEAR ENDED DECEMBER 31, 2004 and 2005
--------------------------------------------------------------------------------

                                                       2005             2004
                                                    -----------     -----------
Site management payroll                             $    30,830     $    38,783
Manager's rent-free apartment                            12,288          12,288
Management fee                                           43,206          42,505
Partnership asset management fees                        16,440          16,440
Reporting fee                                            46,889          12,000
Audit fee                                                 6,000           5,800
Legal fees                                                  424             250
Telephone and answering service                           4,731           7,148
Office supplies                                           4,528           5,052
Educational and social programs                          11,520          11,520
Health insurance and other employee benefits              4,349           6,381
Payroll taxes                                             5,062           7,017
Workers' compensation                                     8,536          10,331
Other administration                                      5,955           2,366
                                                    -----------     -----------
   Subtotal administrative expenses                     200,758         177,881
                                                    -----------     -----------

Electricity                                              22,412          21,944
Water and sewer                                          23,294          20,754
Fuel                                                     24,196          17,579
Garbage and trash removal                                 4,243           3,880
                                                    -----------     -----------
   Subtotal utilities                                    74,145          64,157
                                                    -----------     -----------

Maintenance and repairs payroll                          12,528          16,591
Maintenance and repairs supply                            7,472           6,620
Maintenance and repairs contract                         19,337          11,062
Painting and decorating                                  25,216          24,779
Grounds                                                  10,519          12,640
Services                                                  2,195           3,085
Furniture and furnishings replacement                    51,169          29,035
                                                    -----------    ------------
   Subtotal maintenance expenses                        128,436         103,812
                                                    -----------    ------------

Property taxes                                            7,644           9,675
Other taxes and licenses                                  3,995           6,680
Property and liability insurance                         43,913          41,505
Other insurance                                           1,027             647
                                                    -----------     -----------
   Subtotal tax and insurance                            56,579          58,507
                                                    -----------     -----------

Interest                                                204,853         208,077
                                                    -----------     -----------

Depreciation and amortization                           204,844         206,876
                                                    -----------     -----------

   Total expenses                                   $   869,615     $   819,310
                                                    ===========     ===========

--------------------------------------------------------------------------------
                                       12
<PAGE>

                                    CONTENTS


                                                                           Page
                                                                           ----

INDEPENDENT AUDITOR'S REPORT                                                  1
FINANCIAL STATEMENTS:
   Balance Sheets                                                           2-3
   Statements of Operations and Changes in Partners' Equity                   4
   Statements of Cash Flows                                                 5-6
   Notes to Financial Statements                                           7-11
SUPPLEMENTARY INFORMATION:
   Supplemental Schedule of Expenses                                         12
   Supplemental Schedule of Changes in Partners' Equity                      13





--------------------------------------------------------------------------------
                                       13
<PAGE>

<TABLE>
<S>            <C>

                                                BLESSED ROCK OF EL MONTE
                                           (A California Limited Partnership)
-------------------------------------------------------------------------------------------------------------------------
                                  SUPPLEMENTAL SCEHDULE OF CHANGES IN PARTNERS' EQUITY
                                     FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2005


                                 WNC Housing    WNC Housing
                                  Tax Credit     Tax Credit        WNC                           Comm
                                 Fund V, L.P.   Fund V. L.P.     Housing         Everland       Housing
                                   Series 3       Series 4         L.P.            Inc.       Assist. Prog.       Total
                                  ----------     ----------     ----------      ----------     ----------      ----------
Balance - December 31, 2003       $2,225,217     $2,225,217     $      (57)     $   44,948     $       --      $4,495,325

Net Income - 2004                     38,615         38,615              8             772              8          78,018

Partner's Distribution - 2004             --             --             --         (62,697)            --         (62,697)
                                  ----------     ----------     ----------      ----------     ----------      ----------

Balance - December 31, 2004        2,263,832      2,263,832            (49)        (16,977)             8       4,510,646

Net Income - 2005                      4,854          4,854              1              98              1           9,808

Partner's Distribution - 2005        (11,000)       (11,000)            --              --             --         (22,000)
                                  ----------     ----------     ----------      ----------     ----------      ----------

Balance - December 31, 2005       $2,257,686     $2,257,686     $      (48)     $  (16,879)    $        9      $4,498,454
                                  ==========     ==========     ==========      ==========     ==========      ==========

Profit and loss percentage
  at December 31, 2005                49.495%        49.495%         0.010%          0.990%         0.010%        100.000%
                                  ==========     ==========     ==========      ==========     ==========      ==========

</TABLE>