Related Party Transactions

6 Months Ended

Jun. 30, 2011

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 3. RELATED PARTY TRANSACTIONS

     The Declaration of Trust provides that each trustee shall receive annual compensation of $2,500 per year for services as trustee, provided that such aggregate compensation to the trustees as a group may not exceed 3% of the monies received by the Trust in any year, and reimbursement for expenses reasonably incurred in the performance of their duties. The Declaration of Trust further provides for reimbursement to HSBC Bank U.S.A. N.A. (the “Corporate Trustee”) for its clerical and administrative services to the Trust. Accordingly, the Corporate Trustee, also receives reimbursement for such services (including services performed as Registrar and Transfer Agent of the Certificates representing Trust Units).

     The Declaration of Trust also provides, that if in the future any trustee performs unusual or extraordinary services, reasonable compensation for such services shall be paid, subject to certain limitations and to prior confirmation by a majority in interest of Trust Unit holders.

Disbursements to related parties were made as follows for the three and six months ended June 30, 2011 and 2010:

	Three Months Ended				Six Months Ended
	June 30				June 30
	2011		2010		2011		2010
HSBC Bank USA:
Corporate Trustee Fees	$	625	$	625	$	1,250	$	1,875	*
Transfer agent and registrar	$	3,750	$	3,750	$	7,500	$	11,250	*

*In December 2009, $4,375 of Corporate Trustee and transfer agent fees, scheduled to be paid were not. These disbursements were made in January 2010.