Estate of Edna Pearce Lockett Deceased, David F. Lanier, Personal Representative - Page 3

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          decedent's estate consisted of two parcels of land named Fort               
          Basinger (Basinger) and Fishbranch, the improvements on the two             
          parcels, and the cattle and other assets of a cattle ranch                  
          located and operated primarily at Fishbranch.  All the estate's             
          real property is located in south central Florida, in Highlands             
          County.                                                                     
               During most of her life, decedent lived on Basinger, a                 
          parcel of land located along the Kissimmee River near U.S.                  
          Highway 98.  Basinger takes its name from an encampment that was            
          used by General Zachary Taylor as his base of operations in the             
          Seminole Indian wars during the early 19th century.  The parcel             
          consists of approximately 1,160 acres and includes the decedent's           
          120-year-old residence, a family cemetery, a one-room school                
          house, an Indian burial mound, and other structures and sites.              
          Decedent regarded the structures at Basinger as imbued with rich            
          historical significance.                                                    
               For decades decedent had operated a cattle ranch on                    
          Fishbranch, a parcel of approximately 7,741 acres, located south            
          of Lake Istokpoga, approximately 20 miles from Basinger.  The               
          cattle ranch was a breeding operation that produced calves for              
          sale to feed lot operators.  Decedent was a strong-minded woman,            
          who rode the range with the cowhands, and was accustomed to                 
          taking charge and doing things her own way.  Decedent managed and           
          directed the operations of the ranch until 1986 when she became             
          physically and mentally incapacitated.                                      



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