Lloyd E. Dawson, Jr. - Page 9

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          and Ms. Dawson that consisted of remodeling its living room and             
          the bedrooms of their two daughters.  The remodeling included               
          installation of hardwood floors and new draperies in all three              
          rooms, removal of part of a wall, and the addition of a skylight            
          to one bedroom and of a bay window to the other.  On November 3,            
          1988, Don Lightfoot Home Builder, Inc., was paid $3,227 for the             
          improvements by a check drawn on the joint checking account with            
          Texaco P.A.W.  Petitioner also signed a check payable to Beaumont           
          Cobbs Carpet, Inc., in the amount of $1,065 to pay expenses for             
          remodeling one of his daughter’s bedrooms.  Petitioner was aware            
          of the remodeling done at his home.                                         
               During 1988, Ms. Dawson purchased beds for their daughters             
          at a cost of $5,000, a red cherry dining room set at a cost of              
          between $5,000 and $6,000, a 25-inch color television and set of            
          oak entertainment cabinets, a crystal chandelier, a living room             
          set, a number of sewing machines, two portable televisions with             
          built-in video cassette recorders, and a camcorder.  Petitioner             
          was aware of the items Ms. Dawson purchased for their home during           
          1988.                                                                       
               Also during 1988, a new Mercury Sable automobile was                   
          purchased that was financed with a loan to petitioner.                      
          Petitioner also purchased a 1987 Nissan pickup truck for $6,500             
          and paid for it with two checks he wrote on the joint checking              








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