<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
December 1, 1998 - December 31, 1998
Transactions
Market Value Units
this Total Investment
Date Description Dollar Amount per Unit
Transaction Units Balance
<S> <C> <C> <C> <C>
<C> <C>
12/01/98 Beginning Balance $1,117.8580
40,064.1257 $44,786,003.43
12/31/98 Income of $9.5478/unit 382,523.10
12/31/98 Reinvestment of Income 382,523.10 1,114.0774
343.3542 40,407.4799 45,017,060.15
12/31/98 Ending Balance $1,114.0774
40,407.4799 $45,017,060.15
<CAPTION>
Monthly Income Per Unit
Ordinary Income Capital Gains Operating Expenses
Net Income
$8.6825192026 1.3015253645 (0.4362735588)
9.5477710083
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 0.55% 1.68% 8.71% 8.48%
8.45% 10.10% --
Trust Time-Weighted, Net 0.52% 1.57% 8.28% 8.02%
7.96% 9.58% --
Participant Dollar-Weighted, Net 0.52% 1.57% 8.28% 8.02%
7.94% 9.42% 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>