Philip H. and Anna Friedman - Page 5

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            jointly liable for the mortgage and responsible for making the                                 
            payments on that obligation.                                                                   
                  Petitioners went on an annual, week-long vacation to Puerto                              
            Rico and, occasionally, petitioner's daughters would go with                                   
            them.  Petitioner and Philip went on numerous gambling trips                                   
            together.  On some of those trips, petitioners' room, food,                                    
            beverage, entertainment, and sometimes transportation (i.e.,                                   
            airfare) were paid for by the casino.  Although petitioner did                                 
            not gamble much, she did obtain the benefit of the amenities                                   
            provided by the resort or casino.  Philip gave petitioner a                                    
            diamond wedding band, but petitioner did not receive much                                      
            additional jewelry during their marriage.  During April 1986,                                  
            Philip purchased an automobile for petitioner at a cost of almost                              
            $14,000.  Petitioner had a VISA credit card and other credit                                   
            cards for major New York City area department stores, including                                
            Saks Fifth Avenue, Bloomingdale's, Fortunoff, A&S, and Macy's.                                 
            During the years in issue, petitioner obtained a black mink coat.                              
            She also enjoyed the theater and attended many shows.                                          
                  Petitioner's daughters' tuition and some expenses for                                    
            private school education, tutoring, and college were paid for by                               
            Philip.  Philip paid for food, clothing, and other expenses for                                
            petitioner's daughters, including the acquisition of an                                        
            automobile for one of the daughters.  During 1983, petitioner                                  
            transferred stocks and bonds with a $20,000 value from her and                                 
            Philip's joint account with Merrill Lynch to the account of one                                




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