Richard A. and Carol B. Little - Page 4

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          stationed in France from 1959 to 1961.  He returned to the United           
          States in 1961 and worked for 6 months as a registered                      
          stockbroker in Santa Barbara, California.  He then worked for a             
          home builder in Ventura, California, for about a year and a half.           
          From 1961 to 1970, he operated his own building company and joint           
          ventured with another person for 3 years.                                   
               After succeeding in the home building business in                      
          California, petitioner moved to New York City to work for Levitt            
          & Sons, one of the nation's largest single-family-home builders.            
          After about 3 years, he took a position in Columbus, Ohio, with a           
          company that built apartment buildings.  Petitioner then worked             
          in Jacksonville, Florida, for a company that built apartment and            
          condominium buildings.                                                      
               In 1970, petitioner moved to the San Francisco area to work            
          for Builders Resources (Builders).  Builders' primary business              
          was providing venture capital to small builders throughout the              
          United States.  Petitioner worked for Builders for about 2 years.           
          During that time he met Donald R. Dixon (Dixon).  Dixon was then            
          the third largest single-family-home builder in Dallas, Texas.              
          Builders financed Dixon's Dallas home-building activities.                  
               From 1970 to 1978, petitioner worked on several real estate            
          developments and syndications and became the chief financial                
          officer of a residential real estate firm.  In 1978, petitioner             
          moved to France.  In 1980, he moved to London and helped to                 






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