BRENHAM CHILDREN'S CHORUS
                        STATEMENT OF CONDITION
                                 March 31, 2005
ASSETS
      Cash and Bank Accounts
           Brenham National Bank-General Account 19,625.67
           Guaranty Bank-Investments 40,254.86
           Less Reserves for 2004-2005 Scholarships -12,895.00
           TOTAL Cash and Bank Accounts 46,985.53
Other Assets
           Accounts Receivable-Misc. 74.06
           Music Library 1,261.82
           Wardrobe-Choristers 1,179.39
           TOTAL Other Assets 2,515.27
TOTAL ASSETS 49,500.80
LIABILITIES &  AVAILABLE  RESOURCES
LIABILITIES
      Other Liabilities
           American Express 331.66
           Chase Visa 197.45
           Provision for Concert Exp 2004-05 15,000.00
           Provision for Music Library Additions 4,000.00
           Provision for Ornament Sales Sp Fund 2,590.00
           Provision for unbilled expenses 1,000.00
           Provision for Wardrobe Exp next year 13,000.00
           TOTAL Other Liabilities 36,119.11
TOTAL LIABILITIES 36,119.11
Funds necessary for Professional Staff and Adm. 13,381.69
TOTAL LIABILITIES & AVAILABLE RESOURCES 49,500.80