Frederick Douglass: A Voice for God's Wrath in America

by Harry Phillips-Sterling, VA

The life of Frederick Douglass is the subject of an exhibition at the National Portrait Gallery in Washington, DC which runs through Nov. 19 this year. The exhibit, "Majestic in His Wrath: The Life of Frederick Douglass" in the 100th year since Douglass died, will inspired viewers to reconsider this important American's contribution to the abolition of slavery and the early fight for civil rights. His life truly was an incredible one, as the National Portrait Gallery Director Alan Fern says: "Here is a man who beat all the odds, who learned to read and write as a slave, a gifted man of enormous talents who was a riveting orator, great writer, and politician in the best sense of the word."

The exhibit consists of a number of oil portraits, photographs, letters, prints, sculpture and other materials arranged chronologically to tell the story of Douglass' life. Frederick Bailey (he took the name Douglass for himself later) was born sometime in February 1818 in Talbot County on the eastern shore of Maryland; his mother was a slave.

After working for some years both on plantations on the eastern shore and in the city of Baltimore as a slave, Douglass decided to escape. With the help of a free-black woman, Anna Murray, he dressed as a sailor, obtained fake documents, and took a train to New York, where he married Anna. Douglass and his wife then moved to New Bedford, Massachusetts where he worked at various odd jobs and became active in a local African-American church. At several public meetings, he spoke out against the evils of slavery and gained the notice of other New England abolitionists.

The Massachusetts Anti-Slavery Society recruited Douglass to the abolitionist lecture circuit, which led him to write the first version of his autobiography, "Narrative of the Life of Frederick Douglass" in 1845. In it, he explained his life as a slave to argue for the abolition of slavery. The volume sold 30,000 copies in five years. An early edition is included in the exhibit.

Due to his gaining notoriety, the risk of being captured as an escaped slave grew. Douglass left the U.S. in 1845 for an extended trip to the British Isles, where he lectured extensively about American slavery. Friends he made there agreed to raise the money to purchase his freedom and one of the poignant pieces in the exhibit is the letter agreeing to the purchase of his freedom from his master.

On his return to the U.S., he embarked on a career as an editor and publisher of an antislavery newspaper, the "North Star," working from his new home in Rochester, New York. As the Civil War began in 1861, Douglass worked to make sure that the purpose of the war would be to eliminate slavery. After Lincoln signed the Emancipation Proclamation, Douglass turned to helping recruit black troops for the Union Army. He met with Lincoln twice during the war and, although Douglass was very upset with the treatment of black soldiers by the Union Army, Lincoln kept him as a great admirer. Consequently, Douglass was devastated by the president's assassination.

After the war, Douglass turned his attention to gaining suffrage for African-Americans, and continued to view the Republican Party, the party of Lincoln, as the best hope for black Americans. As he became more involved in politics, Douglass left his home in Rochester and moved to Washington, DC. His loyalty to the party was repaid with appointment first as Marshal for the District of Columbia, later as Recorder of Deeds, and in 1889 as Minister to Haiti. IN 1884, a year and a half after his first wife died, Douglass married Helen Pitts, a white woman, causing a good deal of controversy for both the black and white communities. The marriage was a happy one.

Much of Douglass' writing and speaking was a fierce and direct attack on the institution of slavery and, after Emancipation, the unequal treatment of African-Americans in the supposedly free society. One of his most brutal critiques of American society was given in a speech he gave in Rochester, July 5, 1852. Its title was "What to the Slave is the Fourth of July?" He declined to speak on the Fourth because he felt that as a black man, he had no reason to celebrate.

On the other hand, he was also able to appreciate progress being made in the society. Jan. 1, 1963, the day the Emancipation Proclamation was signed, Douglass declared it a "day for poetry and song." And in 1870 with the passing of the 15th Amendment guaranteeing civil rights to all men, he said to a group: "I appear before you tonight for the first time in a more elevated position of an American citizen."

Although Douglass had been disappointed by Christianity, especially in the South, which he felt should have motivated the slaveholders to change their ways, he nevertheless believed strongly in the ideals of the Declaration of Independence and the Constitution, which he worked tirelessly to see more fully realized for all Americans. In 1869 he wrote: "It is true that we are no longer slaves, but it is equally true that we are not yet quite free. We have been turned out of the house of bondage, but we have not yet been fully admitted to the glorious temple of American liberty. We are still in a transition state and the future is shrouded in doubt and danger." That temple of American liberty remains uncompleted, but the life of Frederick Douglass is one of its strong pillars.

Film Review First Knight: Search for Spiritual Camelot

by Kathy Wining-NYC

There is something about the Arthurian legend which has always intrigued me. The idea of the righteous and victorious king who could do no wrong. Then one day, he finds his charming, chaste, and equally righteous queen-the lady Guinevere. Of course, there was the dashing and gallant-if not a bit arrogant-knight, Sir Lancelot. Growing up, I must have watched the movie, Camelot, at least a hundred times and read every book written about King Arthur and the Knights of the Round Table. I believe that many of us harbor a secret dream of the mythical Camelot deep within us. Maybe a part of us has been in search of a spiritual Camelot, if you will. However, it wasn't until I went to see First Knight that I understood this fascination with King Arthur and Camelot. While this particular version may not be the most elaborate, passionate, or exciting I found it to be profoundly enlightening. For that, it was well worth its price of admission.

What is right about First Knight? First, many film critics have criticized First Knight for the absence of traditional elements. These are: the sword excalibur, the magician/wise man Merlin, and the evil Mordred Morgana. Most films and books have relied on these mystical aspects of the legend to appeal to audiences. Though they may be fascinating, after seeing First Knight, I believe they distract us from the real appeal of the legend-what Arthur, Guinevere, Lancelot and Camelot represent on a principled level.

Second, traditional films have usually portrayed Guinevere as a minor character who is easily swayed by men; a woman without fortitude, guts, or commitment. First Knight has dared to paint her as a strong, vibrant woman of principles. She is a woman leads others righteously. A woman who thinks of others before herself. Yet, at the same time, she is thoroughly feminine. She is a woman who cares not that Arthur is a king. She looks beyond his title to look at the character and heart of the man. Julia Ormond made Lady Guinevere a viable woman for the 1990s.

But the real strength of First Knight is found in what it teaches us about Camelot. The problem with previous film versions, for me, has been the confusion I felt between Arthur and Lancelot. Arthur's righteousness appealed to me. However, Lancelot also appealed to me- his strength, his confidence, his charm. Yet, what was Lancelot really? He was the archangel. While Richard Gere may not have been the most appropriate casting decision for Lancelot, I must say that he presented Lancelot for what he was-an immoral, individualistic, arrogant man who ruined all that Camelot stood for.

First Knight has allowed us to realize that the real hero of the legend was not Lancelot, but King Arthur and his prospective queen. Sean Connery's portrayal was pure, strong, and righteous. Through this film, it became clear that what Arthur, Guinevere and Camelot really represented was our historic, spiritual search for the Garden of Eden, our search for real parents, and our vision of the world in which we wish to live. There is even a unique element in this film version with the two attempts by the evil knight Malagant to kidnap the future queen. Most reminiscent of the biblical Sarah and Egypt's pharaoh.

Though First Knight may be called a bit sterile by critics, I found the dialogue to be essential and straightforward. Connery makes it clear that the ideal world is composed of righteous, loving, moral individuals who find their freedom in serving each other and their strength in being humble before God. The stress on equality and universal brotherhood, while seemingly revolutionary for medieval times, nonetheless has been the object of many films and books. But what really made this film stand out was the point that Connery's character makes about individualism. On the one hand, Arthur shows his appreciation for Lancelot's bravery in saving the future queen. On the other hand, he chides Lancelot for his individualistic and privatistic attitude pointing out that his gifts mean nothing unless they are also offered for the greater good and out of a sense of deep and abiding love..

First Knight also points out the power of love-a power that can build and create, and a power that can destroy. Arthur is a strong leader with a clear vision for the future. He sees his impending marriage as a completion of his character-recognizing that as a couple, they will be able to lead Camelot into a better future for generations to come. In essence, the appeal of the Arthur legend is that it reminds us of our search for the ideal family.

More importantly, this film shows clearly how this vision was destroyed-that is the power the immoral love has to destroy. In this version, Guinevere somehow senses that she must be pure and loyal to her marriage. She realizes that she must be strong and deny her bodily desire for pleasure-listening only to her conscience. Lancelot, without a thought for the future or the consequences of his actions, relentlessly pursues her. While this film does not have the couple commit adultery, it does exemplify the truth behind Jesus' words that he who even lusts after a woman has committed sin. In essence, we see in this film that moral purity cannot be compromised.

After Arthur walks in on a long and passionate kiss between Guinevere and Lancelot, the destructiveness of this act becomes clear. Arthur admits that he cannot see the future as clearly as he once did. More seriously, the evil knight, Malagant-portrayed sinisterly by Ben Cross-now has the opportunity he needs to invade Camelot and with it, the dream of Arthur.

While this film will probably not win an academy award-except for a stunning musical score-I found the film to be most satisfying where it counts. It made me reflect on my own life and the tremendous time in which we live. Though Camelot may have been only a dream for many people throughout human history, we are re-building Camelot. We are picking up where Arthur and Guinevere left off. Through First Knight, I was reminded that if we listen to our conscience, develop a strong moral and righteous sense of right and wrong, live for the sake of others, and live beyond our prayer; Camelot can be ours. Not bad for $8!

Divinity Graduate Response - What Are We Going To Do?

by Jerry Chesnut

As you look at our graduates, you can see that we come from many different cultures. Each culture has its own wisdom tradition, its famous quotations to guide human lives.

There is one quotation that surely exists in some form or another in every culture. I will paraphrase it as follows: "Wisdom comes from the mouths of little children." Not a very comforting or appropriate thought for a 46-year-old, middle-aged divinity student, like myself, at the threshold of his future-who knows very well that if he reads every book of famous quotations that has ever been published, he will not find even one quotation which associates wisdom with being middle- aged or with being a divinity student. And we all know where theologians and ministers end up in the afterlife, if we're to believe men like Dante and Swedenborg. Well, with all that in mind, I wondered what I could say on this occasion to bring hope to myself and my fellow graduates.

My five-year-old son is a brave young man. I say that because he has to sleep next to me every night, enduring sharp, bony knees and elbows that my wife said could split diamonds. This morning, my son snuggled up to me in bed and asked, "Are you graduating today, daddy?" "Yes, I am." Staring into my eyes, he said, "So now what are you going to do?"

Fellow graduates, Masters of Divinity and Religious Education: so now what are we going to do?

The most optimum scenario gives me about 30 more productive years of life on this earth. Some of you may have 40 or 50 more years. My son's question has become a very serious one for me. What can I manifest in just thirty years?

Thirty years: that's 10,950 days. If I save just $10 a day for 30 years, that's $109,500. If I invest it from the beginning at 10%, that's a good chunk of money in 30 years. With that kind of money and a lot of dedication, I might be able to save the physical and spiritual lives of many people in a nation with a monthly wage of, say, $50. I could still have enough left over to educate and train my son to become a highly-skilled holy man or the holy president of a large organization or, hey, the holy president of a nation. Think of how many people I'd be helping then! And what if my son, the president, influences three other presidents? And what it, what if I live my life every moment as thought it were not merely three- dimensional, but four-dimensional? In other words, what if I stand every moment with one foot in this world and one in the next, building eternal treasure in the hereafter through the relationships I build on earth with God, True Parents and human beings; and eternal treasure on earth through the son that I raise and the people I save whose descendants will multiply forever and ever.

Remember God's promise to Abraham. Remember Jesus' unmarried life of only 33 years, and how many millions of people he continues to influence 2000 years later. And nobody even knows what he looked like. You, however, are being videotaped right at this moment, standing in a completed testament era with God and True Parents.

Ladies and gentlemen, the question that is burning in the hearts of each graduate here today is: how much love and goodness can I squeeze out of myself before I die? How much can I overcome that terrifying tendency that I have to ignore the hidden and sometimes unbearable sorrow that lies behind God and each person that has lived for a time on this earth?

Yes, many of the graduates here this morning, including myself, are worrying about how they're going to pay off their debts, or fix their teeth, or sell off all their furniture, or protect their family from the dangers of a missionary's life, but you can be sure that every graduate here is mostly worrying about how to accomplish the very noble purposes that love dictates and that God and the founders of this seminary have planted in our hearts.

We have eternity to look forward to, but only a few years left to set its foundations. Good luck, graduates. I look forward to reading your e-mail letters soon, from all over the world, in broken English. And perhaps, someday, you'll be smiling in Africa as you read my broken French or in Korea as you read my broken Korean. But, please, let's try to keep in touch. It's not by accident that we have been here together. May God bless each one of you. And I'll see you out there.

Blessing Video Saved Marriage

by David Rosenblum

I am meeting on a monthly basis with my contacts over breakfast at a local restaurant. Recently I have been showing the Blessing video in order to get my contacts inspired to go to the Blessing.

At the May meeting, two guests attended and some members from my tribe supported the event. Even though the guests were very good and left inspired, the highlight was a couple whom I have never seen insisting on attending the meeting. I told them that it was a private event and that I would show a video, yet they were welcome to stay. During the video they were talking and didn't seem very interested. However, after both left, the woman came back with tears in her eyes and explained that they came here to discuss the details of their divorce. But after watching the video, they realized that it was better for them to stay together.

At the June meeting last Saturday, five guests attended and were again supported by members of my tribe. The discussion after the video was very deep. The guests had a lot of questions about the Church, the controversies, etc. They all have been invited to attend the Blessing seminars.

Reprinted from "American Neighborhood"

Blessing Candidate Preparation Workshop NYC

by Annie Gagne-Clifton, NJ

"Marriage is an institution that is made for giving, rather than receiving. You have the enormous power to make another person profoundly happy." These words, spoken by Farley Jones, are actually quite revolutionary. In a world more focused on making "me" happy, these are certainly words that makes one ponder.

Mr. Jones and his wife, Betsy, are the National Chaircouple of the Family Federation for Unification and World Peace (FFUWP). They hosted a Blessing Candidate Preparation Workshop at the HSA-UWC National Headquarters in New York City on July 22nd. This workshop was held for Region 2 and 11's candidates preparing to attend the Blessing `95 event in Korea and other parts of the world.

Blessing `95 will take place on August 25th with a total of 360,000 couples being blessed by the Rev. and Mrs. Sun Myung Moon. Some of these couples will be married for the first time through this blessing, but the majority of these couples will have been previously married and will be renewing their vows and pledging to become exemplary couples to create ideal families.

Rev. and Mrs. Moon, just the week before, had matched thousands of couples in a photo matching. During this workshop's registration, most of the 120 participants received a photo of their fiances and could see what they looked like for the first time. Some couples, after receiving the envelope with the photo in it, were afraid to open it. Some couldn't open the envelopes quickly enough. There was a lot of excitement in the air, needless to say.

The workshop began at 10 a.m. Hope Igarashi, Region 2's Blessing Committee Representative, emceed for the whole event. Mr. Toshiaki Yoshimura, Director of Witnessing New York, offered the opening prayer. Rev. Do Hee Park, Region 2's Director, gave the opening remarks and gave some internal guidance to the candidates. He shared that a new life began for them the moment they were matched. He gave the "10 Commandments of the Family" which he encouraged all to follow to help in their marriage.

Mr. and Mrs. Jones then shared and gave more internal guidance. Before Mr. Jones shared, however, he asked all the newly matched couples to introduce themselves. He began with those couples who were actually at the workshop together, probably seeing each other for the first time. It was delightful to see these new couples together, seemingly shy with each other, as though they were on their first date. (Wait ... it was their first date!) Then Mr. Jones had those newly matched members who received a photo of their fiance, but were not with them, introduce themselves and show their fiance's photo. The previously married couples attending were also asked to stand and introduce themselves. We all clapped for each couple and the spirit of unity-the feeling of being in this together-solidified us as a family. Everyone could feel the warmth, excitement and hope in the air!

Mr. Jones shared that the newly matched couples must see the Blessing as an offering to God. How is God's love going to reach your spouse? Only through you. He said that they will be personally challenged many times to change for the better over time. A husband and wife have the destiny to create a new civilization from their family.

Mrs. Jones shared that throughout her 25 years of marriage, because of the providential timetable, she had to leave her family for periods of time to do missions. In saying good-bye, that was quite often when they, as a couple, felt true love. She shared that when their couple had a disagreement, she would think, "Why can't he be more like me?" In order to accept your mate, sometimes you may have to give up something of yourself. Don't think you can be close to True Parents by turning your back on your mate. You cannot enter the highest realm in spirit world alone. You have to humble yourself to your mate. You must reflect on this: Can your mate crown you in spirit world? Mrs. Jones shared that the minimum standard after the blessing is-Do not fall! She went on to explain the meaning of the Holy Wine Ceremony and the Blessing Ceremony.

After lunch, the title of the next session was "Actualizing the Blessing: Making it Work." Bill and Lisa Lay, New York Region FFUWP, and Ted and Hope Igarashi, an international couple, shared their testimonies. Ron and Jacqui Gurtatowski, Region 2's FFUWP Chaircouple, also an interracial couple, shared their testimony a little later in the program.

Dr. Tyler Hendricks, President of HSA-UWC USA, then spoke on "The Value of the Blessing." He shared that the Blessing is the most powerful weapon of love. His couple is an east/west couple. They each approach life and deal with problems differently. He had the audience laughing when he shared how his couple handled their problems. Dr. Hendricks, being American, approached a problem by sitting and discussing things. His wife, on the other hand, is Korean, and approached a problem in silence. Dr. Hendricks shared that sometimes giving up his desire for a rational, logical discussion needed to give way to a more embracing approach to win victory.

Dr. Hendricks said that the highest form of intelligence is to learn to love our spouse and win their love. Father once said that it was easier to be a president of a nation than to be a husband. Dr. Hendricks encouraged the candidates to center on God, the Divine Principle and how their spouse feels. Do not focus on your own feelings.

After Dr. Hendricks' talk, everyone gathered in discussion groups and they had an opportunity to share their feelings on the topic: "What the Blessing means to me." Some people, in sharing their feelings, were so moved that they poured their hearts out in tears.

The last session was "Practical Advice" with Peter Ross, Blessing `95's General Affairs Director. He pointed out the practical details in preparing for the Blessing.

The workshop ended with a prayer and three cheers of "Mansei." The workshop was so high-spirited that many people didn't want to leave, but instead congregated in the lobby, showing their fiance's photos and just talking.

We wish all the best and Heaven's blessing to all of you attending Blessing `95!

10 Commandments of the Family

1. Divine Principle Study
2. Go the Unification way-no cultural and racial barriers
3. Make honest effort
4. Love spouse and others
5. Have commitment to the end
6. Husband and wife should understand and help each other
7. Be diligent (in making a good family)
8. Blessed couples should be unselfish and lead a public life
9. Be kind
10. Be loyal to the end

Bear The Cross

President's Address
by Dr. Theodore T. Shimmyo

Congratulations on your graduation! My final message to you who are graduating today is: As UTS graduates, bear the cross on behalf of God and humanity.

As all of you know from the teaching of the Divine Principle, throughout human history God has been suffering because of the miserably fallen condition of the world. The fall of man, which happened at the dawn of human history, completely shattered God's dream of living together with human beings as His beloved sons and daughters. Even the omnipotent God, who since the fall has been pouring out His heart of unconditional love for the sake of the salvation of human beings, has not been able to complete the salvific process due to their continuous rebellion and faithlessness. This has caused Him unspeakable pain and suffering. As regards human beings themselves, they too have been experiencing much agony and pain-which they inflicted on themselves as well as on God. Look at this miserable world where egotism, war, immorality, free sex, homosexuality, crime, etc., are rampant. It seems that there has been no real way out of this misery once the whole of humanity came under the domination of Satan after the fall.

Given this situation of the world, why don't we courageously go out been trained here as heavenly soldiers for two years or more. Here, you have studied not only the Divine Principle but also other subjects such as theology, church history and the Bible. You have also lived a communal life as comrades and reflected on your faith and commitment. Now is the time to go out and bear the cross in the battlefield. To bear the cross means to accept all problems in the world as if they were your own and to solve them out of your genuine love towards your fellow humans whose problems you are dealing with. To do that means to liberate not only humanity but also God from all pain and suffering, because the liberation of humanity means the fulfillment of God's own dream.

Some of you might wonder how you can bear the cross for others when in many cases you are busy dealing with your own problems. But let me say that if you are absolutely willing to serve others in spite of your own problems, God will be so impressed with you that He will give you His powerful help to miraculously overcome not only your own problems but also the problems of others. If you are absolutely committed to bearing the cross out of love, God will definitely be with you. For to bear the cross in that way makes you resemble God, who is always willing to bear the cross at the parent of humanity.

God's problem is that He has not been able to find people who fully resemble Him in this regard. Of course, Jesus bore the cross for the spiritual salvation of humanity two thousand years ago, and many sages and saints before and after him also bore the cross for the sake of others. And this assuredly advanced God's providence of salvation immensely. But there has not been a full breakthrough so far. So, evil is still flourishing in the world. Who will stop evil fully? I believe it is UTS graduates who should do this job. UTS graduates should boldly go out there to serve and bear the cross in order to testify to the power of God to overcome evil.

The point I am making has come from the teaching of Rev. and Mrs. Sun Myung Moon, who tirelessly and sacrificially spent 50 years after World War II to bear the cross for God and humanity. Because of their absolute commitment out of love, the way of complete salvation has been victoriously opened. A new ear of tremendous hope has come.

Now, I have a question. Because of the complete victory of Rev. and Mrs. Moon, shall we just think that God's will shall be done without our doing anything for the sake of God and humanity? Therefore, shall we just remain lazy, seeking our own happiness and enjoyment in our lives, after hearing the good news? Absolutely not! We have to inherit the best tradition of Rev. and Mrs. Moon and work even harder than before until every corner of the world is covered by the love of God. We have to go beyond our level of satisfaction, always challenging ourselves. We might even have to leave Rev. and Mrs. Moon behind to courageously go out to the battlefield on their behalf to build God's kingdom out there. That would be the best way to make God rejoice. That way, God will be with you.

Here at the Seminary, haven't we been trained that way? Haven't we learned about God's suffering heart? Haven't we studied the tearful course of Rev. and Mrs. Moon to serve God and the world?

Today is the day of your graduation from the Seminary. Therefore, I really want all of you to renew your understanding of the significance of bearing the cross. May God bless you in your work after graduation.

A Primer on Investing for Your Child's Education

by Garry Barker

It's the year 2016 and it's one of the proudest moments in your life- junior's going off to college. Congratulations! But by the time you hear "Pomp and Circumstance" four years later, you will have spent up to over $268,000 [source: Money Guide 1995] for tuition and expenses from that four-year private college.

The lesson is simple: if your child is going to pursue a college education, you probably need to start pursuing a sound investment strategy now.

What price knowledge? The rising cost of higher education

Over the past ten years, college costs have risen at an average annual rate of 8%. At this rate, it could cost as much as $81,688 to put a child through a four-year public college seventeen years from now.

There is good reason to believe that the price of higher education will continue to rise at a healthy clip. Schools face rising costs to remain competitive and the population of college-age Americans is shrinking steadily. These factors mean that the costs of expanded technology and salary increases will be distributed over a smaller number of students.

What's the best way to prepare? Get a jump on the costs by beginning your financial planning now! The first step is estimating the amount and the timing of your future payments for higher education. Then graduate from step one and examine the sound investment alternatives that are open to you-and your child's future.

A tutorial on funding your child's college education

Most college funding plans have their foundation in relatively safe, growth-oriented instruments that are invested for the long term. The key is to find investments that provide as high a return as possible, given the desire for reduced risk. Here are just some of the investments you may wish to add to a college-funding portfolio:

* Zero coupon treasury strips. The deeply discounted purchase price of these instruments makes them affordable-plus they offer the highest credit quality available, the "full faith and credit" of the federal government. (Note that these instruments are subject to market fluctuation if sold prior to maturity.) Another advantage: since treasury strips are available in a wide range of maturities, you can structure a "ladder" portfolio of these securities that will mature over a four-year period to coincide with college tuition payments.

As their name implies, zero strips make no periodic interest payments. Instead, accreted interest compounds internally over the life of the bond until maturity, eliminating reinvestment risk for the holder.

* Municipal zero coupon bonds. Zero coupon municipal bonds are federally tax-free investments that pay no current interest, but return full face value when held to maturity. Municipal zeros are also generally exempt from state taxes when bought by a resident of the issuing state. They are sold at a deep discount from par value and compound or accrete at an initial stated tax-exempt rate of return as the bonds grow from their discounted price to their par value at maturity. (Note that, like other zeros, municipal zeros are subject to market fluctuation if sold prior to maturity.) Municipal bonds offer a degree of safety that is second only to U.S. government obligations.

* Mutual funds. Mutual funds own a pool of securities and sell interests in the pool to investors, giving them the benefits of a diverse portfolio and professional management. Every fund has a specified investment objective and buys and sells securities accordingly. The more conservative funds are those invested in U.S. government securities. If your risk tolerance is slightly higher, you might consider a fund that invests in blue-chip stocks.

The cost of mutual fund shares and the price you receive when you sell shares varies according to the market value of the underlying securities. When it's time to make a tuition payment, you would sell shares of the mutual fund at the current market price of the fund. Many mutual funds are subject to a declining sales charge upon redemption. Investors should check the fund's prospectus for more information before investing.

* Unit trusts. A unit trust also sells shares in a pool of professionally selected securities designed to meet a specific investment goal. However, unlike mutual funds, unit trusts have maturity dates and the underlying securities generally remain the same for the life of the trust. As with zero coupon bonds, the maturity of unit trust investments generally can be timed to match expected tuition payment dates. However, investors should be aware of the fact that in some unit trusts, owing to the nature of these investments, maturity will occur prior to the original termination dates.

Study today's gifting and tax opportunities

To reduce the tax liability on any type of investment earmarked for college, consider placing the securities in a custodial account that meets the requirements of either the Uniform Gift to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA). The taxable status of specific mutual funds will vary, depending upon state law

By depositing securities into these types of accounts, you can take advantage of lower tax rates generally available to minors. Since there are limitations to this, depending on yearly income and age of child, you should consult your tax advisor before opening an account of this type.

Interest on U.S. government securities, such as treasury zeros, is exempt from state and local taxes. However, the federal government taxes the accreted interest on treasury zeros each year as ordinary income. Some mutual funds and unit trusts are designed to provide tax- advantaged or tax-free income by investing in securities such as U.S. Treasuries or municipal bonds. However, you may prefer to purchase a mutual fund or unit trust that invests in securities, such as equities, that are likely to provide greater growth potential.

Since both mutual funds and unit trusts are sold pursuant to a prospectus, it is important that you carefully read and understand the contents of the prospectus before investing in a particular fund or trust.

This article does not constitute tax advice. Investors should consult their tax advisors before making any tax-related investment decisions. Information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed a solicitation on Dean Witter's part with respect to the purchase or sale of securities or commodities.

July 1995

A Primer on Investing for Your Child's Education
Bear The Cross
Blessing Candidate Preparation Workshop NYC
Blessing Video Saved Marriage
Divinity Graduate Response - What Are We Going To Do?
Film Review First Knight: Search for Spiritual Camelot
Frederick Douglass: A Voice for God's Wrath in America
From Young Me Hwang's Kitchen
Ginseng and Inner Cleansing
Guidelines to Authors
High Crimes And Spies
Hometown Blessing Workshops - Just Do It!!
ICC Veteran Hits the Road Again
International Family Picnic Held in S. Calif.
International Relief Friendship Foundation - Long Distance Child Sponsorship Scheme in Kiev, Ukraine and St. Petersburg, Russia
My Chance to Help as True Parents visit Ecuador
Ninth Annual Family Camp a "Shimjeung Success"!
Ocean Festival 1995 Held Jersey City
Our Contemporary Moral Crisis
Overpopulation: The Perennial Myth
Raoul Joseph and Miyuki Harley Album "If Love Is The Answer" is Due This Summer
Region 6 Family Retreat
Reverend Pak visitation in Canada
RYS Serves Refugees in Croatia
Seeking God's Love, Life, and Lineage
So You Want to Teach Sunday School... Effective Teaching Techniques
Solving Social Problems
Study In Korea Program - Changing of the Guard
Study In Korea Program - Experience of a Lifetime
Study In Korea Program - Getting Over The Culture Shock
The Inter Religious Federation For World Peace International Religious Foundation - Developments in Interfaith Activities
The Spirit of Martial Arts at UTS
Toward True Intimacy And Hope
UC and African Churches: "What a Fellowship!"
Unification Theological Seminary Graduates 38
UTS Graduates
World CARP Academy Begins!
World CARP and Artists Association for World Peace Sponsor the New City Symphony Chamber Ensemble's Spring Tour.