<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.: .D.: BTT027
TIN: 52-6127745
Distributions are:re: 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, 1999 - July 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>
07/01/99 Beginning Balance $1,071.2452
41,722.1504 $44,694,653.53
07/31/99 Income of $6.0788/unit 253,619.20
07/31/99 Reinvestment of Income 253,619.20 241.5693
41,963.7197 44,056,937.18
07/31/99 Ending Balance $1,049.8816
41,963.7197 $44,056,937.18
<CAPTION>
Monthly Income Per Unit
Ordinary Income Capital Gains Operating Expenses
Net Income
$6.4377169806 0.0000000000 (0.3589506507)
6.0787663299
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 -1.39% -2.47% 1.75% 7.60%
8.38% 8.51% --
Trust Time-Weighted, Net -1.43% -2.56% 1.36% 7.17%
7.91% 8.00% --
Participant Dollar-Weighted, Net -1.43% -2.56% 1.36% 7.16%
7.88% 7.94% 8.92%
<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>