UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-30D
SEMI-ANNUAL REPORT PURSUANT TO SECTION 30(b) of
THE INVESTMENT COMPANY ACT OF 1940
For the semi-annual period ended June 30, 1999
WHITEROCK PORTFOLIO INVESTORS, L.L.C.
(Exact name of Registrant as specified in its charter)
Delaware 75-2614883
(State or other jurisdiction (I.R.S. Employer
or incorporation or organization) Identification No.)
825 N.E. Multnomah, Suite 1900
Portland, Oregon 97232-4116
(Address of principal executive offices)
(Zip Code)
(214) 754-8400
(Registrant's telephone number, including area code)
<PAGE>
WHITEROCK PORTFOLIO INVESTORS, L.L.C.
825 NE Multnomah
Suite 1900, Portland, Oregon 97232-4116
March 29, 2000
To the Members of WhiteRock Portfolio Investors, L.L.C.:
Please find enclosed, for your information, the financial statements of
WhiteRock Portfolio Investors, L.L.C. for the periods ended December 31, 1997,
June 30, 1998, December 31, 1998, and June 30, 1999. This information reflects
the financial position of WhiteRock as of the dates of these statements and its
financial results for the periods shown. The statements for June 30, 1998 and
June 30, 1999 have not been audited. Please retain this information for future
reference and call the undersigned at (214) 754-8459 with any questions you may
have.
Sincerely,
/s/ Rhonda S. Brittain
<PAGE>
WHITEROCK PORTFOLIO INVESTORS, L.L.C.
BALANCE SHEETS
AS OF JUNE 30, 1999 AND 1998
June 30, 1999 June 30, 1998
------------- -------------
ASSETS:
Cash $ 59,442.12 $ 222,088.50
Accounts Receivable 30,883.51 74,651.91
Investment in Lone Star Fund 14,687,887.59 17,171,533.06
Investment in Brazos Fund 1,433,950.63 4,074,554.40
--------------- ---------------
TOTAL ASSETS $ 16,212,163.85 $ 21,542,827.87
=============== ===============
LIABILITIES:
Accounts Payable $ 17,069.10 $ 50,474.63
PARTNERSHIP EQUITY:
Members' Equity $ 7,809,999.46 $ 13,259,919.71
Life-to Date Earnings 8,385,095.29 $ 8,232,433.53
--------------- ---------------
TOTAL LIABILITIES & EQUITY $ 16,212,163.85 $ 21,542,827.87
=============== ===============
<PAGE>
WHITEROCK PORTFOLIO INVESTORS, L.L.C.
INCOME STATEMENT
SIX MONTHS ENDED JUNE 30,1999 AND 1998
Six Months Six Months
Ended June 30, 1999 Ended June 30, 1998
------------------- -------------------
REVENUES:
Interest Income - Other $ 1,446.26 $ 2,401.91
Lone Star Fund Investment (73,431.90) 781,996.80
Brazos Fund Investment -0- 234,979.01
------------- -------------
TOTAL REVENUES $ (71,985.64) $1,019,377.72
============= =============
EXPENSES:
Legal Expense $ 3,051.26 $ -0-
Tax Expense 2,984.08 5,716.14
------------- -------------
TOTAL EXPENSES $ 6,035.34 $ 5,716.14
============= =============
NET INCOME/(LOSS) $ (78,020.98) $1,013,661.58
