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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000938582-02-000031.txt : 20020507
<SEC-HEADER>0000938582-02-000031.hdr.sgml : 20020507
ACCESSION NUMBER:		0000938582-02-000031
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20020507

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROYCE FOCUS TRUST INC
		CENTRAL INDEX KEY:			0000825202
		IRS NUMBER:				592876580
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-45788
		FILM NUMBER:		02636999

	BUSINESS ADDRESS:	
		STREET 1:		1414 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2125084578

	MAIL ADDRESS:	
		STREET 1:		C/O QUEST ADVISORY CORP
		STREET 2:		1414 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROYCE GLOBAL TRUST INC
		DATE OF NAME CHANGE:	19961203

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALL SEASONS GLOBAL FUND INC
		DATE OF NAME CHANGE:	19950803

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAS ALL SEASON FUND INC
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			YALE UNIVERSITY
		CENTRAL INDEX KEY:			0000938582
		IRS NUMBER:				06646973
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		230 PROSPECT STREET
		CITY:			NEW HAVEN
		STATE:			CT
		ZIP:			06511-2107
		BUSINESS PHONE:		2034325761

	MAIL ADDRESS:	
		STREET 1:		YALE UNIVERSITY INVESTMENT OFFICE
		STREET 2:		230 PROSPECT STREET
		CITY:			NEW HAVEN
		STATE:			CT
		ZIP:			06511-2107
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>fund13g2.txt
<DESCRIPTION>FUND SCHEDULE 13G AMENDMENT NO. 6
<TEXT>

SC 13G/A
1
kenneth.miller@yale.edu
NASD

0000825202
ROYCE FOCUS TRUST INC.
59-2876580


KENNETH R. MILLER
(203) 432-5761


0000938582
eqed9jp@


SC 13G/A


SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

Amendment No. 6

ROYCE FOCUS TRUST INC.
(Name of Issuer)

Common Stock, par value $0.01 per share
(Title of Class of Securities)

78080N 10 8
(CUSIP Number)

Check the appropriate box to designate the rule purusant to which this Schedule
is filed:
[X]  Rule 13d-2(c)

1)   Name and I.R.S. Identification No. of Reporting Person:

     Yale University
     I.R.S. Number 06-0646973-N

2)   Check the Appropriate Box if a Member of a Group:

     (a)  (Not Applicable)
     (b)  (Not Applicable)

3)   SEC Use Only

4)   Citizenship or Place of Organization:

     Yale University is a Connecticut corporation.

Number of Shares         (5)  Sole Voting Power  - 2,293,438
Beneficially Owned by
Each Reporting           (6)  Shared Voting Power (Not Applicable)
Person With:
                         (7)  Sole Dispositive Power  -   2,293,438

                         (8)  Shared Dispositive Power (Not Applicable)

9)   Aggregate Amount Beneficially Owned by Each Reporting Person:
     2,293,438

10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
     (Not  Applicable)

11)  Percent of Class Represented by Amount in Row (9):  25.0%

12)  Type of Reporting Person:  EP

Item 1.

     (a)  Name of Issuer:

          Royce Focus Trust Inc. (the "Company")

     (b)  Address of Issuer's Principal Executive Office:

          1414 Avenue of the Americas
          New York, New York 10019

Item 2.

     (a)  Name of Person Filing:

          Yale University

     (b)  Address of Principal Office:

          Yale University
          Investments Office
          230 Prospect Street
          New Haven, CT 06511-2107
          Attn:  Dean J. Takahashi, Senior Director

     (c)  Citizenship:

          Yale University is a Connecticut corporation.

     (d)  Title of Class of Securities:

          Common Stock

     (e)  CUSIP Number:

          78080N 10 8

Item 3.

If this statement is filed pursuant to rules 13d-1(b) or 13d-2(b),
check whether the person filing is a:

... . . .

(f)  [X]  . . . Endowment Fund; see section 240.13d-1(b)(1)(ii)(F).

... . . .

Item 4.   Ownership:

     (a)  Amount Beneficially Owned:            2,293,438

     (b)  Percent of Class:   25.0%

     (c)  Number of Shares as to which such person has:

          (i)   sole power to vote or to direct the vote:
                2,293,438

          (ii)  shared power to vote or to direct the vote:
                (Not  Applicable)

          (iii) sole power to dispose or to direct the disposition of:
                2,293,438

          (iv)  shared power to dispose or to direct the disposition
                of:
                (Not Applicable)

Item 5.   Ownership of Five Percent or Less of a Class:

          (Not Applicable)

Item 6.   Ownership of More than Five Percent on Behalf of Another
          Person:

          (Not Applicable)

Item 7.   Identification and Classification of the Subsidiary Which
          Acquired the Security Being Reported on By the Parent
          Holding Company:

          (Not Applicable)

Item 8.   Identification and Classification of Members of Group:

          (Not Applicable)

Item 9.   Notice of Dissolution of Group:

          (Not Applicable)

Item 10.  Certification:

     By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the control
of the issuer of such securities and were not acquired in connection
with or as a participant in any transaction having such purpose or
effect.

SIGNATURE

     After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.


Date: May 7, 2002



                         /s/ David F. Swensen
                         Name:     David F. Swensen
                         Title:    Chief Investment Officer






</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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