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        <name>Honeywell International Inc</name>
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        <name>Adobe Inc</name>
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        <name>CVS Health Corp</name>
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        <name>The Options Clearing Corp</name>
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        <name>Accenture PLC</name>
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        <name>Synopsys Inc</name>
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        <name>Transocean Ltd</name>
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        <name>The Options Clearing Corp</name>
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        <name>The Options Clearing Corp</name>
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        <name>Procter &amp; Gamble Co/The</name>
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        <name>The Options Clearing Corp</name>
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        <name>Newmont Corp</name>
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        <title>Newmont Corp</title>
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        <name>Archer-Daniels-Midland Co</name>
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        <curCd>USD</curCd>
        <valUSD>-50017.50000000</valUSD>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CAPITAL INSTITUTIONAL SVCS</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>The Options Clearing Corp</issuerName>
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          <isCashCollateral>N</isCashCollateral>
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        <name>American Tower Corp</name>
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        <title>American Tower Corp</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NIKE Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Weyerhaeuser Co</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Illinois Tool Works Inc</name>
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        <title>Illinois Tool Works Inc</title>
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        <valUSD>2082320.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The Options Clearing Corp</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CAPITAL INSTITUTIONAL SVCS</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>The Options Clearing Corp</issuerName>
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            <shareNo>100.00000000</shareNo>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Visa Inc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The Options Clearing Corp</name>
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          <ticker value="PG 4 C155"/>
          <other otherDesc="OCC" value="PG    260417C00155000"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3750.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CAPITAL INSTITUTIONAL SVCS</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>The Options Clearing Corp</issuerName>
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            <shareNo>100.00000000</shareNo>
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            <expDt>2026-04-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>43346.44000000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>XAI Madison Equity Premium Income Fund</ncom:nameOfApplicant>
      <ncom:signature>Derek Mullins</ncom:signature>
      <ncom:signerName>Derek Mullins</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
