STATEMENTS OF OPERATIONS (USD $)	3 Months Ended	6 Months Ended
Sep. 29, 2011	Sep. 29, 2010	Sep. 29, 2011	Sep. 29, 2010
Interest		$ 5,794	$ 4,888	$ 9,182
Other income from local partnerships			3,000	2,500
TOTAL REVENUE		5,794	7,888	11,682
Management fee	48,035	48,035	96,071	96,071
Professional fees	8,753	7,723	18,669	15,144
Printing, postage and other	2,130	3,952	3,098	5,683
TOTAL EXPENSES	58,918	59,710	117,838	116,898
LOSS BEFORE EQUITY IN INCOME OF INVESTMENT IN LOCAL PARTNERSHIPS	(58,918)	(53,916)	(109,950)	(105,216)
Equity in income of investment in local partnerships	57,719	29,835	134,371	111,301
NET INCOME (LOSS)	(1,199)	(24,081)	24,421	6,085
Manager income	(12)	(241)	244	61
Beneficial owners income	$ (1,187)	$ (23,840)	$ 24,177	$ 6,024
NET INCOME (LOSS) per unit of beneficial ownership interest (18,654 units of beneficial ownership interest)	$ (0.06)	$ (1.28)	$ 1.30	$ 0.32

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A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer.

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