Estate of Dorothy B. Foote - Page 1

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                                  T.C. Memo. 1999-37                                   


                               UNITED STATES TAX COURT                                 


               ESTATE OF DOROTHY B. FOOTE, DECEASED, JOHN BRUMDER AND                  
               CAROL COLLINS, PERSONAL REPRESENTATIVES, Petitioner v.                  
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                       

               Docket No. 621-98.                   Filed February 5, 1999.            


          James William Callison and Jeanne M. Coleman, for                            
          petitioner.                                                                  
               Frederick J. Lockhart, Jr. and John A. Weeda, for                       
          respondent.                                                                  


                       MEMORANDUM FINDINGS OF FACT AND OPINION                         

               JACOBS, Judge:  Respondent determined a $52,340.53 deficiency           
          in the Federal estate tax of the Estate of Dorothy B. Foote.                 
          Following concessions, the sole issue for decision is the fair               
          market value (after application of the appropriate blockage                  
          discount) of 280,507 shares of Applied Power, Inc. (Applied Power