<TABLE>
1717 K Street, NW, Suite 707
Washington, DC 20006-1504
Telephone (202) 331-8055
Fax (202) 331-8190
TIN: 52-6220193
Participant ID: BTT027
TIN:
52-6127745
Distributions are: Reinvested
Mr. Dave Stupar, Executive Director
Bricklayers & Trowel Trades
Int'l. Pension Fund
815 Fifteenth Street, N.W.
Washington, DC 20005
<CAPTION>
Investment Summary
April 1, 1996 - April
30, 1996
Transactions
Market Value
Units this Total Investment
Date Description Dollar Amount per Unit
Transaction Units
Balance
<S> <C> <C> <C>
<C> <C> <C>
04/01/96 Beginning Balance 1,070.4523
33,128.3129 $35,462,278.74
04/30/96 Income of 6.2621/unit 207,452.41
04/30/96 Ending Balance 1,060.8104
33,128.3129 $35,142,858.86
<CAPTION>
Monthly Income Per
Unit
Ordinary Income Capital Gains
Operating Expenses Net Income
<C> <C> <C>
<C>
$6.7219786787 0.0000000000
(0.4598907240) 6.2620879547
<CAPTION>
Performance
Type of Return 1-Month 3-Month 1-Year 3-Year
5-Year 10-Year Inception-to-Date
<S> <C> <C> <C> <C>
<C> <C> <C>
Trust Time-Weighted, Gross -0.27% -1.66% 10.65% 6.72%
8.58% N/A --
Trust Time-Weighted, Net -0.32% -1.79% 10.14% 6.19%
8.05% N/A --
Participant Dollar-Weighted, Net -0.32% -1.78% 10.07% 6.16%
7.98% N/A 9.52%
<FN>
<F1>
Note: Returns greater than one
year are annualized.
All performance figures presented herein are based upon
historical results and do not assure future performance.
Units may be worth more or less at redemption
than at original purchase.
</FN>
</TABLE>