<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
January 1, 2000 - January 31, 2000
Transactions
Market Value Units this Total Investment
Date Description Dollar Amount per Unit Transaction Units Balance
<S> <C> <C> <C> <C> <C> <C>
1/1/00 Beginning Balance $1,035.7216 43,218.0935 $44,761,912.95
1/31/00 Income of $5.9832/unit 258,580.60
1/31/00 Reinvestment of Income 258,580.60 252.4594 43,470.5529 44,524,548.62
Ending Balance $1,024.2462 43,470.5529 $44,524,548.62
<CAPTION>
Monthly Income Per Unit
Ordinary Income Capital Gains Operating Expenses Net Income
$6.3735966500 0.0000000000 (0.3904405515) 5.9831560985
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-0.49% -0.56% -1.39% 6.14% 8.22% 8.42% --
Trust Time-Weighted, Net -0.53% -0.67% -1.78% 5.72% 7.76% 7.92% --
Participant Dollar-Weighted, Net -0.53% -0.67% -1.78% 5.72% 7.73% 7.83% 8.67%
<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>
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