Medieval Attractions N.V - Page 8

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               Some of the facts have been stipulated, and the stipulated             
          facts are incorporated in our findings by this reference.  The              
          evidence from 30 days of trial included 6,368 pages of transcript           
          and thousands of exhibits, many of which contained multiple parts           
          and/or were duplicates of other exhibits.  The failure of the               
          parties to engage in timely, good faith, voluntary and orderly              
          exchange of documents resulted in the necessity of 39 separately            
          filed stipulations through the course of the trial, without                 
          logical or consistent sequence or organization.  It is not                  
          reasonable to reproduce here all of the findings requested by the           
          parties.  Many of them are exaggerated extrapolations or                    
          unrealistic interpretations of the evidence.  We have set forth             
          only those findings that are necessary to explain and dispose of            
          the issues for decision in these cases.  Detailed findings                  
          concerning certain documents are necessary because of disputes as           
          to the sham or fraudulent nature of petitioners' transactions.              
          Documents and facts at times subsequent to the years in issue are           
          set forth because they are relevant in determining when or                  
          whether other documents were prepared or events occurred.  The              
          other agreed facts are incorporated in our findings by this                 
          reference.                                                                  
                                  FINDINGS OF FACT                                    
               Petitioner Medieval Show, Inc. (MSI), is a corporation                 
          organized under the laws of Florida with its principal place of             
          business in Kissimmee, Florida.  Petitioner Medieval Dinner &               




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