<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
May 1, 1999 - May 31, 1999
Transactions
Market Value Units
this Total Investment
Date Description Dollar Amount per Unit
Transaction Units Balance
<S> <C> <C> <C> <C>
<C> <C>
05/01/99 Beginning Balance $1,095.5660
41,269.5899
$45,213,559.53
05/31/99 Income of $5.8658/unit 242,079.48
05/31/99 Reinvestment of Income 242,079.48 1,080.9992
223.9405 41,493.5304
44,854,473.17
05/31/99 Ending Balance $1,080.9992
41,493.5304
$44,854,473.17
<CAPTION>
Monthly Income Per Unit
Ordinary Income Capital Gains Operating Expenses
Net Income
$6.1965164310 0.0000000000 (0.3307087074)
5.8658077236
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 -0.76% 0.49% 4.61% 8.76%
9.07% 9.26%
- --
Trust Time-Weighted, Net -0.79% 0.39% 4.22% 8.32%
8.57% 8.75%
- --
Participant Dollar-Weighted, Net -0.79% 0.39% 4.22% 8.31%
8.55% 8.63%
9.18%
<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>
