000 125.000 108,000 108.000 0 Narrows DROUAIS. JEAN- GERMAIN Marius a Minturnes 45.000 150.000 105,000 105.000 0 Narrows (Collateral) BAROCCI. FEDERICO Studies of angels and children's heads (recto); Studies of legs and angels (verso) 500.000 600.000 100,000 100.000 0 AP Narrows BECK

tist Title or Description Appraised Value' 3XJK7 AVERY. MILTON Conversation 2.000.000 7W2VP BALLA. GIACOMO Volo di Rondini 600.000 7NNHV BAROCCI. FEDERICO Head of a Young Girl 600,000 6XTGG BECKMANN. MAX Studie Zu Malepartus 650.000 4B6G9 BLAKE. WILLIAM Christ the Mediator (Christ ple

Fair Value (% Ownership) or Cost (if not on Appraisal) UNREALIZED GAIN (LOSS) CUMULATIVE GROSS UNREALIZED GAIN (LOSS) INCREMENTAL APO 1 BAROCCI, FEDERICO Christ blessing angel 6.968.000 3,500,000 3,500,000 (3.468.000) (3,468,000) APO 1 MATISSE. HENRI Nu de Dos, 4 etat (Back IV) 53,1

% Ownership) or Cost (if not on Appraisal) PARTIAL PROMISED INTEREST (PLEDGED) GIFT? OWNERSHIP IF PARTIAL. NAME OF OTHER OWNER IDENTIFIER BAROCCI, FEDERICO 1510x 1120 mm 6.400.000 100% 99N1B1 Sentinel 1961 Stainless steel SMITH. DAVID 106 x 23 x 16 % inches 8.000,000 5,333.333 67%