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          <ccc>XXXXXXXX</ccc>
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      <regName>TIMOTHY PLAN</regName>
      <regFileNumber>811-08228</regFileNumber>
      <regCik>0000916490</regCik>
      <regLei>549300TW26XMX8DL8P98</regLei>
      <regStreet1>1055 MAITLAND CENTER COMMONS</regStreet1>
      <regCity>MAITLAND</regCity>
      <regStateConditional regCountry="US" regState="US-FL"/>
      <regZipOrPostalCode>32759</regZipOrPostalCode>
      <regPhone>407-644-1986</regPhone>
      <seriesName>Timothy Plan Israel Common Values Fund</seriesName>
      <seriesId>S000033751</seriesId>
      <seriesLei>54930080J8HJH82OK753</seriesLei>
      <repPdEnd>2020-09-30</repPdEnd>
      <repPdDate>2019-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>3089344.76</totLiabs>
      <netAssets>80287433.94</netAssets>
      <assetsAttrMiscSec>0</assetsAttrMiscSec>
      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
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      <amtPayAftOneYrOther>0</amtPayAftOneYrOther>
      <delayDeliv>0</delayDeliv>
      <standByCommit>0</standByCommit>
      <liquidPref>0</liquidPref>
      <cshNotRptdInCorD>0</cshNotRptdInCorD>
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      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000104307" rtn1="1.12000000" rtn2="3.61000000" rtn3="0.33000000"/>
          <monthlyTotReturn classId="C000127003" rtn1="1.17000000" rtn2="3.74000000" rtn3="0.38000000"/>
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        <name>Rami Levi Chain Stores Hashikma Marketing 2006 Limited</name>
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      <invstOrSec>
        <name>Isramco Negev 2</name>
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        <name>Energean Oil &amp; Gas Plc</name>
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      <invstOrSec>
        <name>Israel Discount Bank Ltd.</name>
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        <name>Icl Israel Chemicals Ltd</name>
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        <name>Sapiens International Corporation N.V.</name>
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        <name>Fox-Wizel Ltd</name>
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        <name>Kenon Holdings Limited</name>
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        <name>First Inter Bk Isr</name>
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        <name>Magic Software Ent</name>
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        <name>AudioCodes Ltd.</name>
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        <name>International Flavors &amp; Fragrances Inc.</name>
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        <name>Tower Semiconductor Limited</name>
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        <isRestrictedSec>N</isRestrictedSec>

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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ituran</name>
        <lei>N/A</lei>
        <title>ITURAN LOCATION AND CONTR</title>
        <cusip>M6158M104</cusip>
        <identifiers>
          <isin value="IL0010818685"/>
        </identifiers>
        <balance>22896.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>575376.48000000</valUSD>
        <pctVal>0.716645746120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nice Limited</name>
        <lei>254900YTY4EF5Z4W0A51</lei>
        <title>NICE LTD - SPON ADR</title>
        <cusip>653656108</cusip>
        <identifiers>
          <isin value="US6536561086"/>
        </identifiers>
        <balance>25600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3971840.00000000</valUSD>
        <pctVal>4.947025711356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harel Insurance Investments &amp; Financial Services Limited</name>
        <lei>213800BDNN3W11SXXD60</lei>
        <title>Harel Insurance Investmen</title>
        <cusip>M52635105</cusip>
        <identifiers>
          <isin value="IL0005850180"/>
        </identifiers>
        <balance>184000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>1435668.79000000</valUSD>
        <pctVal>1.788161259547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Danel-Adir Yehoshu</name>
        <lei>N/A</lei>
        <title>DANEL (ADIR YEOSHUA) LTD</title>
        <cusip>M27013107</cusip>
        <identifiers>
          <isin value="IL0003140139"/>
        </identifiers>
        <balance>11269.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>1048597.74000000</valUSD>
        <pctVal>1.306054619685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mizrahi Tefahot Bank Limited</name>
        <lei>YZO9YEGEO4VYDZMDWF93</lei>
        <title>MIZRAHI TEFAHOT BANK LTD</title>
        <cusip>M7031A135</cusip>
        <identifiers>
          <isin value="IL0006954379"/>
        </identifiers>
        <balance>105000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>2796757.38000000</valUSD>
        <pctVal>3.483431021210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delek Drilling</name>
        <lei>254900EDPHTRQ6GMIQ78</lei>
        <title>Delek Drilling - LP</title>
        <cusip>M27612122</cusip>
        <identifiers>
          <isin value="IL0004750209"/>
        </identifiers>
        <balance>346541.34000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>878994.99000000</valUSD>
        <pctVal>1.094810167500</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ormat Technologies</name>
        <lei>5493000TSHHWY24VHM09</lei>
        <title>ORMAT TECHNOLOGIES INC</title>
        <cusip>686688102</cusip>
        <identifiers>
          <isin value="US6866881021"/>
        </identifiers>
        <balance>20700.36000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1542590.83000000</valUSD>
        <pctVal>1.921335325217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAYSIDE LAND CORPORATION</name>
        <lei>N/A</lei>
        <title>BAYSIDE LAND CORPORATION</title>
        <cusip>M1971K112</cusip>
        <identifiers>
          <isin value="IL0007590198"/>
        </identifiers>
        <balance>1800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>1383092.07000000</valUSD>
        <pctVal>1.722675644402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Energean Oil &amp; Gas Plc</name>
        <lei>549300RVMKU0CYUZBB05</lei>
        <title>ENERGEAN OIL &amp; GAS PLC</title>
        <cusip>G303AF106</cusip>
        <identifiers>
          <isin value="GB00BG12Y042"/>
        </identifiers>
        <balance>7032.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>86016.79000000</valUSD>
        <pctVal>0.107136055767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Radware Ltd</name>
        <lei>N/A</lei>
        <title>RADWARE LTD</title>
        <cusip>M81873107</cusip>
        <identifiers>
          <isin value="IL0010834765"/>
        </identifiers>
        <balance>38500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>992530.00000000</valUSD>
        <pctVal>1.236220852122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Israel Corp</name>
        <lei>213800VASRTF37M7LO42</lei>
        <title>Israel Corp Ltd/The</title>
        <cusip>M8785N109</cusip>
        <identifiers>
          <isin value="IL0005760173"/>
        </identifiers>
        <balance>5600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>1161991.89000000</valUSD>
        <pctVal>1.447289859666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mehadrin</name>
        <lei>N/A</lei>
        <title>MEHADRIN LTD.</title>
        <cusip>M6899L100</cusip>
        <identifiers>
          <isin value="IL0006860147"/>
        </identifiers>
        <balance>900.10980000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>35936.64000000</valUSD>
        <pctVal>0.044759980779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank Leumi Le-Israel BM</name>
        <lei>7JDSZWRGUQY2DSTWCR57</lei>
        <title>Bank Leumi Le-Israel BM</title>
        <cusip>M16043107</cusip>
        <identifiers>
          <isin value="IL0006046119"/>
        </identifiers>
        <balance>443000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>3224383.32000000</valUSD>
        <pctVal>4.016049787329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Azrieli Group</name>
        <lei>N/A</lei>
        <title>AZRIELI GROUP LTD</title>
        <cusip>M1571Q105</cusip>
        <identifiers>
          <isin value="IL0011194789"/>
        </identifiers>
        <balance>31000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>2266213.09000000</valUSD>
        <pctVal>2.822624885101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Phoenix Hldgs Ltd</name>
        <lei>N/A</lei>
        <title>PHOENIX HOLDINGS LTD/THE</title>
        <cusip>M7918D145</cusip>
        <identifiers>
          <isin value="IL0007670123"/>
        </identifiers>
        <balance>167400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>1011960.63000000</valUSD>
        <pctVal>1.260422186062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Energie Distr Oos</name>
        <lei>N/A</lei>
        <title>ENERGIX-RENEWABLE ENERGIE</title>
        <cusip>M4047G115</cusip>
        <identifiers>
          <isin value="IL0011233553"/>
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        <balance>216359.78000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>645822.04000000</valUSD>
        <pctVal>0.804387446835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIL Refineries Ltd</name>
        <lei>213800CWUC7NV7VR3D03</lei>
        <title>Oil Refineries Ltd</title>
        <cusip>M7521B106</cusip>
        <identifiers>
          <isin value="IL0025902482"/>
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        <balance>1995000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>1001543.14000000</valUSD>
        <pctVal>1.247446942629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Melisron</name>
        <lei>213800B9SL62L9VLO604</lei>
        <title>MELISRON</title>
        <cusip>M5128G106</cusip>
        <identifiers>
          <isin value="IL0003230146"/>
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        <balance>12579.52000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>803064.32000000</valUSD>
        <pctVal>1.000236625572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial Bldgs</name>
        <lei>N/A</lei>
        <title>INDUSTRIAL BUILDINGS CORP</title>
        <cusip>M5514Q106</cusip>
        <identifiers>
          <isin value="IL0002260193"/>
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        <balance>643430.07000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>1756672.14000000</valUSD>
        <pctVal>2.187978932435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nova Measuring Ins</name>
        <lei>529900B2DSWE5V3SC292</lei>
        <title>NOVA MEASURING INSTRUMENT</title>
        <cusip>M7516K103</cusip>
        <identifiers>
          <isin value="IL0010845571"/>
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        <balance>48000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1815840.00000000</valUSD>
        <pctVal>2.261673976723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amot Investments Limited</name>
        <lei>N/A</lei>
        <title>AMOT INVESTMENTS LTD</title>
        <cusip>M1035R103</cusip>
        <identifiers>
          <isin value="IL0010972789"/>
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        <balance>176000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>1277452.23000000</valUSD>
        <pctVal>1.591098590789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M YOCHANANOF &amp; SONS LTD</name>
        <lei>N/A</lei>
        <title>M YOCHANANOF &amp; SONS LTD</title>
        <cusip>M7S71U108</cusip>
        <identifiers>
          <isin value="IL0011612640"/>
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        <balance>1006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>51028.14000000</valUSD>
        <pctVal>0.063556820159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Galil Inds Ltd</name>
        <lei>213800THWVY4MIDWYH93</lei>
        <title>Delta-Galil Industries Lt</title>
        <cusip>M2778B107</cusip>
        <identifiers>
          <isin value="IL0006270347"/>
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        <balance>19500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.45400000"/>
        <valUSD>531761.73000000</valUSD>
        <pctVal>0.662322487971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cyber-Ark Software Limited</name>
        <lei>529900YEXNDM894PWS93</lei>
        <title>CYBERARK SOFTWARE LTD/ISR</title>
        <cusip>M2682V108</cusip>
        <identifiers>
          <isin value="IL0011334468"/>
        </identifiers>
        <balance>20400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2378232.00000000</valUSD>
        <pctVal>2.962147229387</pctVal>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Victory Supermarke</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shufersal Ltd</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Reit 1 Ltd</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verint Systems Inc</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gazit Globe</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clal Insurance Ent</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank Hapoalim BM</name>
        <lei>B6ARUI4946ST4S7WOU88</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Noble Energy, 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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      <invstOrSec>
        <name>Elbit Systems Ltd</name>
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        <title>ELBIT SYSTEMS LTD</title>
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        <balance>19001.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Varonis Systems Inc</name>
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        <curCd>USD</curCd>
        <valUSD>971375.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Tower Semiconductor Limited</name>
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        <balance>78923.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PAZ Oil Co Ltd</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Mellanox Technolog</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Strauss Group Ltd</name>
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        <title>Strauss Group Ltd</title>
        <cusip>M8553H110</cusip>
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          <isin value="IL0007460160"/>
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        <balance>62500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>INROM CONSTRUCTION INDUSTRIES LTD</name>
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        <title>Inrom Construction Indust</title>
        <cusip>M5615A109</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alony Hetz Properties &amp; Investments Ltd.</name>
        <lei>213800PNXOBRJDRRDC27</lei>
        <title>ALONY HETZ PROPERTIES &amp; I</title>
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        <invCountry>IL</invCountry>

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      <invstOrSec>
        <name>RATIO OIL EXPLORATION 1992 LTD</name>
        <lei>N/A</lei>
        <title>Ratio Oil Exploration 199</title>
        <cusip>M8204A100</cusip>
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          <isin value="IL0003940157"/>
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        <balance>737500.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Elco Limited</name>
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        <title>ELCO LTD</title>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tel Aviv Stock Exchange Ltd</name>
        <lei>N/A</lei>
        <title>TEL AVIV STOCK EXCHANGE L</title>
        <cusip>M8T8DG101</cusip>
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          <isin value="IL0011590291"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-28</ncom:dateSigned>
      <ncom:nameOfApplicant>TIMOTHY PLAN</ncom:nameOfApplicant>
      <ncom:signature>Arthur D. Ally</ncom:signature>
      <ncom:signerName>Arthur D. Ally</ncom:signerName>
      <ncom:title>President &amp; Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
