Charles T. McCord, Jr. and Mary S. McCord, Donors - Page 9

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          determining the fair market value of such partner’s class B                 
          limited partnership interest, and (2) any dispute with respect to           
          the fair market value of any interest in MIL is to be resolved by           
          arbitration as provided in Exhibit G attached to the partnership            
          agreement.                                                                  
               Limited partners generally do not participate in the                   
          management of the partnership’s affairs.  However, limited                  
          partners do have veto power with respect to certain “major                  
          decisions”, most notably relating to voluntary bankruptcy                   
          filings.  In addition, if any two of the children are not serving           
          as managing partners, class B limited partners have voting rights           
          with respect to certain “large dollar” managerial decisions.                
          Limited partners also have access to certain partnership                    
          financial information.                                                      
          Southfield School Foundation                                                
               On November 20, 1995, petitioners assigned their respective            
          class A limited partnership interests in MIL to the Hazel Kytle             
          Endowment Fund of The Southfield School Foundation (the                     
          foundation) pursuant to an Assignment of Partnership Interest and           
          Addendum Agreement (the Southfield agreement).  The recitals to             
          the Southfield agreement provide that “all of the partners of the           
          Partnership desire that Assignee become a Class A Limited Partner           
          of the Partnership upon execution of this Assignment of                     
          Partnership Interest” and “all consents required to effect the              






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