FRANKLIN D. ROOSEVELT TRUST
 
NOVEMBER 15, 1950
 
APPRAISAL
 
Amount       Security
 
DEFENSIVE INVESTMENTS
 
$1,339       Cash - Investment Balance
             Approx. Principal: $ 1,339
 
            Short-Term Bonds
$2,000       Buffalo (New York) Water 4s, 5/1/53
            Approx. Price: 108    
            Approx. Principal: $ 2,160
            Est. Income: $ 80
 
25,000       Chicago (Ill.) Slum Clearance 2 1/2s, 1/1/68
            (Opt. 1/1/53
             Approx. Price: 102
             Approx. Principal: 25,500
             Est. Income: 562
 
25,000       Dallas, City of, (Texas) Gen. Oblig. 1 3/4s,
             2/1/55
             Approx. Price: 103
             Approx. Principal: 25,750
             Est. Income: 437
 
25,000       New York, State of, War Bonus 1 3/4s, 1/1/53
             Approx. Price: 102
             Approx. Principal: 25,500
             Est. Income: 437
 
25,000       Ohio, State of, World War II Comp. 2s, 10/15/53
             Approx. Price: 103
             Approx. Principal: 25,750
             Est. Income: 500
 
25,000       Pittsburgh, City of, (Pa.) Public Impr. &
             Funding 1.80", 4/1/55
             Approx. Price: 103
             Approx. Principal: 25,750
             Est. Income: 500
 
75,000       U. S. Savings Bonds Ser. "G" 2 1/2s, 3/1/58
             Approx. Price: 94.70
             Approx. Principal: 71,025
             Est. Income: 1,875
 
29,000       U. S. Treasury Bonds 1 1/2s, 12/15/50
             Approx. Price: 100
             Approx. Principal: 29,000
             Est. Income: 435
 
 
             Approx. Principal:  $ 230,435
             Est. Income: $ 4,776
 
 
             Medium & Long-Term Bonds
 
$25,000       American Tel. & Tel. Co. Conv. Deb. 2 3/4s,
              1957
              Approx. Price: 110
              Approx. Principal: $ 27,500
              Est. Income: $ 687
 
25,000       Dayton City School Dist. (Ohio) 1 3/4s, 11/1/60
             Approx. Price: 103
             Approx. Principal: 25,750
             Est. Income: 437
 
25,000       Illinois, State of, Service Recog. "A" 1 1/2s,
             5/1/56
             Approx. Price: 103
             Approx. Principal: 25,750
             Est. Income: 375
 
25,000       Los Angeles Dept. of Water & Power Electric
             Plant Rov. 1 3/4s, 5/1/60
             Approx. Price: 103
             Approx. Principal: 25,750
             Est. Income: 437
 
25,000       North Carolina, State of, Secondary Road 1
             1/6s, 1/1/57
             Approx. Price: 101
             Approx. Principal: 25,250
             Est. Income: 312
 
25,000       Oklahoma City (Okla.) Gen. Oblig. 1 3/4s,
             8/1/58
             Approx. Price: 104
             Approx. Principal: 26,000
             Est. Income: 437
 
25,000       Paterson (New Jersey) Ref. 1 5/8s, 3/1/58
             Approx. Price: 102
             Approx. Principal: 25,500
             Est. Income: 406
 
15,000       Pennsylvania, Commonwealth of, Soldiers' Bonus
             "M" 1 1/2s, 3/1/60
              Approx. Price: 103
              Approx. Principal: 15,450
              Est. Income: 225
 
10,000       Pennsylvania, Commonwealth of, Soldiers' Bonus
             "M" 1 1/2s, 3/1/61
             Approx. Price: 105
             Approx. Principal: 10,5000
             Est. Income: 150
 
25,000       San Francisco, City & County of, Various
             Purposes 1 3/4s, 8/1/56
             Approx. Price: 105
             Approx. Principal: 26,250
             Est. Income: 437
 
5,000        U. S. Treasury Bonds 2 7/8s, 3/15/55-60
             Approx. Price: 107
             Approx. Principal: 5,350
             Est. Income: 144
 
45,000       U. S. Treasury Bonds 2 1/2s, 6/15/59-62
             Approx. Price: 101
             Approx. Principal: 45,450
             Est. Income: 1,012
 
97,000       U. S. Treasury Bonds 2 1/4s, 12/15/59-62
             Approx. Price: 101
             Approx. Principal: 97,970
             Est. Income: 2,182