<TABLE>
1717 K Street, NW, Suite 707
Washington, DC 20006-1504
Telephone (202) 331-8055
Fax (202) 331-8190
TIN: 52-6220193
Participant I.D.: 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
July 1, 1996 - September 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>
07/01/96 Beginning Balance $1,057.4875
33,748.7878 $35,688,921.24
07/31/96 Income of $6.6065/unit 222,960.62
08/31/96 Income of $6.3080/unit 212,886.52
09/30/96 Income of $6.6118/unit 223,140.90
09/30/96 Reinvestment of Income 658,988.04 1,059.9117
621.7386 34,370.5264 36,429,723.07
09/30/96 Ending Balance $1,059.9117
34,370.5264 $36,429,723.07
<CAPTION>
Monthly Income Per Unit
Ordinary Income Capital Gains Operating Expenses
Net Income
$6.9651077416 0.0000000000 (0.3532880448)
6.6118196968
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 1.69% 2.20% 6.52% 6.95%
8.01% 9.47% --
Trust Time-Weighted, Net 1.66% 2.10% 6.02% 6.42%
7.45% 8.85% --
Participant Dollar-Weighted, Net 1.64% 2.08% 5.97% 6.38%
7.40% 8.80% 9.44%
<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>