Edward B. Rood - Page 6

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                         Date                Amount                                   
                    Apr. 2, 1987             $5,000                                   
                    May 27, 1987             5,000                                    
                    July 16, 1987            5,000                                    
                    Aug. 22, 1987            5,000                                    
                    Oct. 27, 1987       5,000                                         
                    Dec. 29, 1987       5,000                                         
                    Mar. 13, 1988            5,000                                    

          In statements addressed to petitioner acknowledging receipt of              
          the foregoing payments or setting forth the outstanding balance             
          of his account, Caesar’s requested that petitioner make monthly             
          payments of between $5,000 and $10,000 to enable the casino to              
          continue to hold his account and reminding him that its                     
          settlement offer was still open.  In the statement dated March              
          15, 1988, Caesar’s informed petitioner that it could not retain             
          accounts indefinitely and that a 50-percent lump-sum settlement             
          previously presented to petitioner was open to discussion.                  
               By March 1988, $80,000 of petitioner’s $435,000 debt to the            
          casino had been repaid, leaving a balance of $355,000, according            
          to the casino’s records.  A letter dated April 20, 1988, from               
          Caesar’s general counsel to petitioner stated that the casino               
          required petitioner to pay his account in full immediately and              
          that, if he did not contact Caesar’s account representative                 
          within 15 days, the casino would turn petitioner’s account over             
          to a law firm or a collection agency to institute legal                     
          proceedings against him if necessary.  The letter further stated            
          that (1) any suit commenced against petitioner would be filed in            





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