<PAGE> 1
<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
April 1, 2000 - April 30, 2000
Transactions
Market Value Units this Total Investment
Date Description Dollar Amount per Unit Transaction Units Balance
<S> <C> <C> <C> <C> <C> <C>
4/01/00 Beginning Balance $1,040.3835 43,973.9607 $45,749,783.14
4/30/00 Total Income Distribution 266,247.18
4/30/00 Income Reinvestment 266,247.18 257.6721 44,231.6328 45,703,612.88
Ending Balance $1,033.2789 44,231.6328 $45,703,612.88
<CAPTION>
Monthly Income
Ordinary Operating Net Ordinary
Income Expenses Income Capital Gains Total Distribution
<S> <C> <C> <C> <C> <C>
Per Unit $6.3735235209 0.3188681384 6.0546553825 0.0000000000 6.0546553825
Participant Totals $280,269.07 14,021.89 266,247.18 0.00 266,247.18
<FN>
<F1>
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.
Page 1 of 2
</FN>
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Participant ID: BTT027
Performance
April 1, 2000 - April 30, 2000
Since
Type of Return 1-Month 3-Month Y-T-D 1-Year 3-Year 5-Year 10-Year Inception
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Trust Time-Weighted, Gross -0.07% 2.75% 2.24% 1.49% 6.57% 7.78% 8.79% --
Trust Time-Weighted, Net -0.10% 2.65% 2.10% 1.08% 6.15% 7.33% 8.29% --
Participant Dollar-Weighted, Net -0.10% 2.65% 2.10% 1.08% 6.14% 7.30% 8.17% 8.70%
<FN>
<F1>
Performance 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.
Page 2 of 2
</FN>
</TABLE>
