The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
FEDERAL AGRIC MTG CORP CL A FED AGRI MRTG CORP - CLASS A - VOTING COMMON 313148108 10,674 900 SH SOLE 900 0 0
FEDERAL AGRIC MTG CORP CL C FED AGRI MRTG CORP - CLASS C - NON VOTING 313148306 338,701 23,472 SH SOLE 0 0 23,472
FEDERAL AGRIC MTG CORP CL A FED AGRI MRTG CORP - CLASS A - VOTING COMMON 313148108 71,160 6,000 SH SOLE 6,000 0 0
FEDERAL AGRIC MTG CORP CL A FED AGRI MRTG CORP - CLASS A - VOTING COMMON 313148108 86,282 7,275 SH SOLE 7,275 0 0
FEDERAL AGRIC MTG CORP CL C FED AGRI MRTG CORP - CLASS C - NON VOTING 313148306 38,961 2,700 SH SOLE 0 0 2,700
FEDERAL AGRIC MTG CORP CL C FED AGRI MRTG CORP - CLASS C - NON VOTING 313148306 33,189 2,300 SH SOLE 0 0 2,300
FEDERAL AGRIC MTG CORP CL C FED AGRI MRTG CORP - CLASS C - NON VOTING 313148306 173,160 12,000 SH SOLE 0 0 12,000
FEDERAL AGRIC MTG CORP CL A FED AGRI MRTG CORP - CLASS A - VOTING COMMON 313148108 24,906 2,100 SH SOLE 2,100 0 0