INTERNATIONAL ASSOCIATION OF APPLIED PSYCHOLOGY
BALANCE SHEET
AS OF DECEMBER 31, 1999
ASSETS
CASH AND INVESTMENTS:
	CHECKING (Crestar)			$            8.332,98
	MONEY MARKET FUNDS (Crestar)			156.186,43
					$       164.519,41
OTHER ASSETS:
	OTHER ACCOUNTS **			$                         -
	ACCOUNTS RECEIVABLE			-
	DUE FROM/(TO) APA			-
	DEPOSITS AND ADVANCES			-
					$                         -
		TOTAL ASSETS			$       164.519,41
LIABILITIES AND NET ASSETS
ACCOUNTS PAYABLE				$            6.000,00
DEFERRED REVENUES				-
		TOTAL LIABILITIES			$            6.000,00
NET ASSETS, beginning of year **				$       153.199,93
NET INCOME/(LOSS)				5.319,48
		TOTAL NET ASSETS			$       158.519,41
		TOTAL LIABILITIES AND NET ASSETS			$       164.519,41
**  Includes ($280.88) retroactive adjustment to beginning balances due to exchange difference from Australian draft.