Inverworld, Inc., et al. - Page 195

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            2,774 shares in taxable year ended June 30, 1987.  In one of its                              
            brochures describing the Inversat Fund, LTD listed the San                                    
            Antonio office as its return address.                                                         
                  LTD charged its clients an initial placement cost based on a                            
            sliding scale of 3.50 to 0.25 percent, depending upon the amount                              
            of funds placed in the Inversat Fund.  After the first year LTD                               
            also charged an annual management fee of 1.00 percent of the                                  
            value of the assets under management.  The gross receipts and                                 
            direct costs relating to LTD’s "Commissions Inversat" for each                                
            taxable year are as follows (it is noted that the Inversat Fund                               
            management fee was not charged until taxable year ended June 30,                              
            1988, and is reported under the general "Management Fees"                                     
            category):                                                                                    
                        TYE June 30        Gross Receipts    Direct Costs                                 
                        1987               $86,762                  $3,188                                
                        e.     T.V. Answer                                                                
                  T.V. Answer (TVA) is an attachment for television sets that                             
            uses radio signals to communicate with a minicomputer system.                                 
            With the attachment, consumers can use their televisions to order                             
            movies, to purchase goods, to retrieve information, to respond to                             
            polls, and the like.                                                                          
                  TVA, Inc., was formed to exploit the commercial potential of                            
            TVA.  TVA, Inc., a Delaware corporation, was the wholly owned                                 
            subsidiary of Magus, Ltd., a Cayman Islands corporation, which                                
            was in turn wholly owned by a trust.                                                          




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