<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
October 1, 1996 -
October 31, 1996
Transactions
Market
Value Units this Total Investment
Date Description Dollar Amount per Unit
Transaction Units Balance
<S> <C> <C> <C>
<C> <C> <C>
10/01/96 Beginning Balance
$1,059.9117 34,370.5264
$36,429,723.07
10/31/96 Income of $6.6877/unit 229,860.57
10/31/96 Ending Balance
$1,072.5751 34,370.5264
$36,864,970.79
<CAPTION>
Monthly Income Per
Unit
Ordinary Income Capital Gains
Operating Expenses Net Income
$7.1859531734 0.0000000000
(0.4982298689) 6.6877233045
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 1.88% 3.73% 7.14%
7.30% 8.06% N/A
- --
Trust Time-Weighted, Net 1.83% 3.63% 6.67%
6.77% 7.55% N/A
- --
Participant Dollar-Weighted, Net 1.83% 3.61% 6.62%
6.74% 7.50% N/A
9.55%
<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>