Estate of Irene H. Govern, Deceased, Revocable Trust of Charles S. Govern, Sr., Transferee, June G. Hall, Trustee and Transferee, June G. Hall, Transferee of Transferee, Muriel McNulty, Transferee o - Page 4

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          Charles L. Govern, Sr.'s trust estate into two separate trusts,             
          the Marital Trust and the Family Trust.  The Revocable Trust                
          instrument provided, in pertinent part, the following directions            
          with regard to the general power of appointment over the                    
          principal and undistributed income of the Marital Trust:                    
               10.  Concerning the Marital Trust - The Marital Trust                  
               shall commence at the date of the settlor's death and                  
               the trust estate thereof shall be held and disposed as                 
               follows:                                                               
                                 *  *  *  *  *  *  *                                  
                    (b) Wife's Power of Appointment - The                             
                         settlor's wife shall have the power to                       
                         appoint the entire corpus of the trust                       
                         estate free of this trust by her last                        
                         will and testament (express reference to                     
                         the power being requisite to its                             
                         exercise) in favor of her estate or in                       
                         favor of any other appointee or                              
                         appointees whom she may designate, all                       
                         in such manner and upon such terms as                        
                         she may designate.  Such power shall be                      
                         exercisable by her alone and in all                          
                         events.                                                      
               Petitioner was the appointed trustee of the Revocable Trust,           
          and the subsequently created Marital Trust and the Family Trust.            
               At the time of Charles Govern, Sr.'s death, the assets held            
          by the Revocable Trust included 91.36 acres of unimproved land,             
          subject to various easements, in Eagan, Minnesota (Eagan real               
          estate).  At the time of decedent's death, the only asset held by           
          the Marital Trust was a one-half undivided interest in the Eagan            
          real estate.  The one-half undivided interest had a fair market             
          value of $412,500.  The Marital Trust has issued promissory notes           





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