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      <regCity>MAITLAND</regCity>
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      <regZipOrPostalCode>32759</regZipOrPostalCode>
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      <seriesName>Timothy Plan Israel Common Values Fund</seriesName>
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        <name>Israel Discount Bank Ltd.</name>
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        <name>Bank Hapoalim BM</name>
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      <invstOrSec>
        <name>Migdal Insurance &amp; Financial Holdings Ltd.</name>
        <lei>549300W4Y1WPXVCYYE42</lei>
        <title>MIGDAL INSURANCE</title>
        <cusip>M70079120</cusip>
        <identifiers>
          <isin value="IL0010811656"/>
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        <balance>1048628.00000000</balance>
        <units>NS</units>
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        <valUSD>1116523.10000000</valUSD>
        <pctVal>1.161150615764</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 Ltd.</name>
        <lei>213800B9SL62L9VLO604</lei>
        <title>MELISRON</title>
        <cusip>M5128G106</cusip>
        <identifiers>
          <isin value="IL0003230146"/>
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        <balance>20379.52000000</balance>
        <units>NS</units>
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        <valUSD>1274746.88000000</valUSD>
        <pctVal>1.325698612644</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>Novocure Ltd</name>
        <lei>213800YPP55UMHWA4826</lei>
        <title>NOVOCURE LTD</title>
        <cusip>G6674U108</cusip>
        <identifiers>
          <isin value="JE00BYSS4X48"/>
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        <balance>4700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>282658.00000000</valUSD>
        <pctVal>0.293955862400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mizrahi Tefahot Bank Limited</name>
        <lei>YZO9YEGEO4VYDZMDWF93</lei>
        <title>MIZRAHI TEFAHOT</title>
        <cusip>M7031A135</cusip>
        <identifiers>
          <isin value="IL0006954379"/>
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        <balance>112000.00000000</balance>
        <units>NS</units>
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        <valUSD>3493480.86000000</valUSD>
        <pctVal>3.633115563619</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Inrom Construction Industries Ltd</name>
        <lei>N/A</lei>
        <title>INROM CONSTRUCTI</title>
        <cusip>M5615A109</cusip>
        <identifiers>
          <isin value="IL0011323560"/>
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        <balance>213000.00000000</balance>
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        <valUSD>722415.28000000</valUSD>
        <pctVal>0.751290275328</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>Elco Ltd.</name>
        <lei>N/A</lei>
        <title>ELCO LTD</title>
        <cusip>M3787F105</cusip>
        <identifiers>
          <isin value="IL0006940345"/>
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        <balance>40000.00000000</balance>
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        <valUSD>1445608.96000000</valUSD>
        <pctVal>1.503390063366</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Azrieli Group</name>
        <lei>N/A</lei>
        <title>AZRIELI GROUP</title>
        <cusip>M1571Q105</cusip>
        <identifiers>
          <isin value="IL0011194789"/>
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        <balance>36500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>2088265.55000000</valUSD>
        <pctVal>2.171733687608</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Danel-Adir Yehoshu</name>
        <lei>N/A</lei>
        <title>DANEL (ADIR PER)</title>
        <cusip>M27013107</cusip>
        <identifiers>
          <isin value="IL0003140139"/>
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        <balance>12769.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>933598.45000000</valUSD>
        <pctVal>0.970914453175</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>
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      <invstOrSec>
        <name>Varonis Systems Inc</name>
        <lei>549300SHIVNRRH7STS26</lei>
        <title>VARONIS SYSTEMS</title>
        <cusip>922280102</cusip>
        <identifiers>
          <isin value="US9222801022"/>
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        <balance>43200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1123632.00000000</valUSD>
        <pctVal>1.168543659054</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>Fattal Holdings 1998 Ltd</name>
        <lei>N/A</lei>
        <title>FATTAL HOLDINGS</title>
        <cusip>M4148G105</cusip>
        <identifiers>
          <isin value="IL0011434292"/>
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        <balance>20300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>1890550.72000000</valUSD>
        <pctVal>1.966116180365</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>Rami Levi Chain Stores Hashikma Marketing 2006 Limited</name>
        <lei>N/A</lei>
        <title>RAMY LEVI CHAIN</title>
        <cusip>M8194J103</cusip>
        <identifiers>
          <isin value="IL0011042491"/>
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        <balance>18700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>1106268.94000000</valUSD>
        <pctVal>1.150486596186</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Mivne Real Estate (K.D) Ltd</name>
        <lei>N/A</lei>
        <title>MIVNE REAL ESTAT</title>
        <cusip>M5514Q106</cusip>
        <identifiers>
          <isin value="IL0002260193"/>
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        <balance>593430.07000000</balance>
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        <valUSD>1636547.86000000</valUSD>
        <pctVal>1.701960806155</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>
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      <invstOrSec>
        <name>Inmode Limited</name>
        <lei>984500DD95A35E9BD358</lei>
        <title>INMODE LTD</title>
        <cusip>M5425M103</cusip>
        <identifiers>
          <isin value="IL0011595993"/>
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        <balance>38400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1227264.00000000</valUSD>
        <pctVal>1.276317838212</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Magic Software Enterprises Ltd.</name>
        <lei>529900PT36UHAIVEFN60</lei>
        <title>MAGIC SOFTWARE</title>
        <cusip>559166103</cusip>
        <identifiers>
          <isin value="IL0010823123"/>
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        <balance>72783.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>992032.29000000</valUSD>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>One Software Technologies Ltd</name>
        <lei>N/A</lei>
        <title>ONE SOFTWARE TECHNOLOGIES</title>
        <cusip>M75260113</cusip>
        <identifiers>
          <isin value="IL0001610182"/>
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        <balance>41000.00000000</balance>
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        <pctVal>0.432658314900</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>
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      <invstOrSec>
        <name>Maytronics Ltd</name>
        <lei>N/A</lei>
        <title>MAYTRONICS</title>
        <cusip>M68728100</cusip>
        <identifiers>
          <isin value="IL0010910656"/>
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        <balance>116585.00000000</balance>
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        <pctVal>1.285221001253</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>
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      <invstOrSec>
        <name>Delta Galil Industries Ltd.</name>
        <lei>213800THWVY4MIDWYH93</lei>
        <title>DELTA GALIL LTD</title>
        <cusip>M2778B107</cusip>
        <identifiers>
          <isin value="IL0006270347"/>
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        <balance>22063.00000000</balance>
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        <valUSD>872804.45000000</valUSD>
        <pctVal>0.907690512233</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>
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      <invstOrSec>
        <name>Verint Systems Inc</name>
        <lei>549300KEQJS5FRVUCO94</lei>
        <title>VERINT SYSTEMS</title>
        <cusip>92343X100</cusip>
        <identifiers>
          <isin value="US92343X1000"/>
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        <balance>21500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>800660.00000000</valUSD>
        <pctVal>0.832662442915</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>
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      <invstOrSec>
        <name>Partner Communications Company Ltd.</name>
        <lei>N/A</lei>
        <title>Partner Communications Co</title>
        <cusip>M78465107</cusip>
        <identifiers>
          <isin value="IL0010834849"/>
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        <balance>74000.00000000</balance>
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        <pctVal>0.356430650497</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>
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      <invstOrSec>
        <name>Phoenix Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>PHOENIX HOLD/THE</title>
        <cusip>M7918D145</cusip>
        <identifiers>
          <isin value="IL0007670123"/>
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        <balance>182400.00000000</balance>
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        <pctVal>1.877340996175</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>
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      <invstOrSec>
        <name>Tel Aviv Stock Exchange Ltd</name>
        <lei>N/A</lei>
        <title>TEL AVIV STOCK E</title>
        <cusip>M8T8DG101</cusip>
        <identifiers>
          <isin value="IL0011590291"/>
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        <balance>400194.00000000</balance>
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        <valUSD>1746697.56000000</valUSD>
        <pctVal>1.816513198292</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Institutional Cash Portfolios</name>
        <lei>549300SHPEJB1OPRCV46</lei>
        <title>FID-MM GOVT-I</title>
        <cusip>316175108</cusip>
        <identifiers>
          <isin value="US3161751082"/>
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        <balance>3502412.71000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3502412.71000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cellcom Israel Ltd</name>
        <lei>529900438MNY6TZ5ZY17</lei>
        <title>CELLCOM ISRAEL</title>
        <cusip>M2196U109</cusip>
        <identifiers>
          <isin value="IL0011015349"/>
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        <balance>46000.00000000</balance>
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        <valUSD>164966.22000000</valUSD>
        <pctVal>0.171559932735</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>Israel Corp</name>
        <lei>213800VASRTF37M7LO42</lei>
        <title>ISRAEL CORP LTD</title>
        <cusip>M8785N109</cusip>
        <identifiers>
          <isin value="IL0005760173"/>
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        <balance>5600.00000000</balance>
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        <valUSD>1833766.09000000</valUSD>
        <pctVal>1.907061864256</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>Strauss Group Ltd</name>
        <lei>254900GBA9EK5FGVQA80</lei>
        <title>STRAUSS GROUP LT</title>
        <cusip>M8553H110</cusip>
        <identifiers>
          <isin value="IL0007460160"/>
        </identifiers>
        <balance>55500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>1250528.20000000</valUSD>
        <pctVal>1.300511910108</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</title>
        <cusip>M1035R103</cusip>
        <identifiers>
          <isin value="IL0010972789"/>
        </identifiers>
        <balance>237000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>1201109.23000000</valUSD>
        <pctVal>1.249117660006</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>Matrix IT Ltd.</name>
        <lei>N/A</lei>
        <title>MATRIX IT LTD</title>
        <cusip>M6859E153</cusip>
        <identifiers>
          <isin value="IL0004450156"/>
        </identifiers>
        <balance>56210.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>986968.28000000</valUSD>
        <pctVal>1.026417479461</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>Victory Supermarket</name>
        <lei>N/A</lei>
        <title>VICTORY SUPERMAR</title>
        <cusip>M9753M107</cusip>
        <identifiers>
          <isin value="IL0011237778"/>
        </identifiers>
        <balance>27315.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>272610.85000000</valUSD>
        <pctVal>0.283507127028</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 Inc.</name>
        <lei>5493000TSHHWY24VHM09</lei>
        <title>ORMAT TECHNOLOGI</title>
        <cusip>686688102</cusip>
        <identifiers>
          <isin value="US6866881021"/>
        </identifiers>
        <balance>36200.36000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3068704.52000000</valUSD>
        <pctVal>3.191360880037</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>AudioCodes Ltd.</name>
        <lei>529900TA48138NEVR854</lei>
        <title>AUDIOCODES LTD</title>
        <cusip>M15342104</cusip>
        <identifiers>
          <isin value="IL0010829658"/>
        </identifiers>
        <balance>30800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>464464.00000000</valUSD>
        <pctVal>0.483028662461</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>Shufersal Ltd</name>
        <lei>984500F64E05B78E0D41</lei>
        <title>SHUFERSAL LTD</title>
        <cusip>M8411W101</cusip>
        <identifiers>
          <isin value="IL0007770378"/>
        </identifiers>
        <balance>210000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>1016402.10000000</valUSD>
        <pctVal>1.057027771552</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>Energix Renewable Energies Ltd.</name>
        <lei>N/A</lei>
        <title>ENERGIX-RENEWAB</title>
        <cusip>M4047G115</cusip>
        <identifiers>
          <isin value="IL0011233553"/>
        </identifiers>
        <balance>296359.78000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>828828.61000000</valUSD>
        <pctVal>0.861956954464</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>Fox-Wizel Ltd</name>
        <lei>N/A</lei>
        <title>FOX WIZEL LTD</title>
        <cusip>M4661N107</cusip>
        <identifiers>
          <isin value="IL0010870223"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>1698590.53000000</valUSD>
        <pctVal>1.766483326535</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>Elbit Systems Ltd</name>
        <lei>529900Q9CB1REUMZSS32</lei>
        <title>ELBIT SYSTEMS</title>
        <cusip>M3760D101</cusip>
        <identifiers>
          <isin value="IL0010811243"/>
        </identifiers>
        <balance>18501.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3149055.21000000</valUSD>
        <pctVal>3.274923193410</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>ICL Group Ltd</name>
        <lei>529900FQVQD88SHIGM04</lei>
        <title>ICL GROUP LTD</title>
        <cusip>M53213100</cusip>
        <identifiers>
          <isin value="IL0002810146"/>
        </identifiers>
        <balance>386902.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2630933.60000000</valUSD>
        <pctVal>2.736092222073</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 PLC</name>
        <lei>549300RVMKU0CYUZBB05</lei>
        <title>ENERGEAN PLC</title>
        <cusip>G303AF106</cusip>
        <identifiers>
          <isin value="GB00BG12Y042"/>
        </identifiers>
        <balance>92968.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.81059000"/>
        <valUSD>1493286.82000000</valUSD>
        <pctVal>1.552973611165</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>N/A</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="USD"/>
        </identifiers>
        <balance>974245.05000000</balance>
        <units>NC</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710004"/>
        <valUSD>-218.17000000</valUSD>
        <pctVal>-0.00022689027</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>US BANK</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <amtCurSold>-974245.05000000</amtCurSold>
            <curSold>ILS</curSold>
            <amtCurPur>270623.63000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2023-04-03</settlementDt>
            <unrealizedAppr>-218.17000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Leonardo DRS Inc</name>
        <lei>549300HMMEWVG3PPQU18</lei>
        <title>LEONARDO DRS INC</title>
        <cusip>52661A108</cusip>
        <identifiers>
          <isin value="US52661A1088"/>
        </identifiers>
        <balance>113000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1465610.00000000</valUSD>
        <pctVal>1.524190546501</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>Novolog (Pharm-Up 1966) Ltd</name>
        <lei>N/A</lei>
        <title>NOVOLOG LTD</title>
        <cusip>M7S15N103</cusip>
        <identifiers>
          <isin value="IL0011401515"/>
        </identifiers>
        <balance>1575013.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>792519.95000000</valUSD>
        <pctVal>0.824197034479</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>Enlight Renewable Energy Ltd</name>
        <lei>N/A</lei>
        <title>ENLIGHT RENEWABL</title>
        <cusip>M4056D110</cusip>
        <identifiers>
          <isin value="IL0007200111"/>
        </identifiers>
        <balance>49000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>817461.29000000</valUSD>
        <pctVal>0.850135281793</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-IS</title>
        <cusip>M16043107</cusip>
        <identifiers>
          <isin value="IL0006046119"/>
        </identifiers>
        <balance>518000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>3888132.11000000</valUSD>
        <pctVal>4.043541054995</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>Alony Hetz Properties &amp; Investments Ltd.</name>
        <lei>213800PNXOBRJDRRDC27</lei>
        <title>ALONY HETZ PROP</title>
        <cusip>M0867F104</cusip>
        <identifiers>
          <isin value="IL0003900136"/>
        </identifiers>
        <balance>150000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>1169692.25000000</valUSD>
        <pctVal>1.216444940854</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>Tower Semiconductor Limited</name>
        <lei>54930086ZSNXZOUX0C54</lei>
        <title>TOWER SEMICONDCT</title>
        <cusip>M87915274</cusip>
        <identifiers>
          <isin value="IL0010823792"/>
        </identifiers>
        <balance>73223.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3109780.81000000</valUSD>
        <pctVal>3.234078992565</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 PLC</name>
        <lei>549300RVMKU0CYUZBB05</lei>
        <title>ENERGEAN OIL &amp; GAS PLC</title>
        <cusip>G303AF106</cusip>
        <identifiers>
          <isin value="GB00BG12Y042"/>
        </identifiers>
        <balance>102000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.59710000"/>
        <valUSD>1684356.84000000</valUSD>
        <pctVal>1.751680714831</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>Nova Ltd</name>
        <lei>529900B2DSWE5V3SC292</lei>
        <title>NOVA LTD</title>
        <cusip>M7516K103</cusip>
        <identifiers>
          <isin value="IL0010845571"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3134100.00000000</valUSD>
        <pctVal>3.259370222495</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-04-28</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>
</edgarSubmission>
