Nancy Silverman and Estate of Sheldon Silverman, Deceased, Nancy Silverman, Executrix - Page 16

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          refund check.  Nancy first became aware of this tax refund after                   
          Sheldon's death, probably in early 1987.                                           
                In 1984 the U.S. Treasury issued to Sheldon and Nancy a                      
          $25,540.14 tax refund check on account of 1982.  Sheldon                           
          deposited this check into the same bank account as the earlier                     
          refund check.  Substantial withdrawals were not made from this                     
          bank account until about 2 months after this deposit.                              
                During the period December 11, 1980, through December 13,                    
          1984, the balance in this Chemical Bank checking account                           
          fluctuated substantially.  Table 4 illustrates these fluctuations                  
          by showing the bank account balances (rounded to the nearest                       
          dollar) on selected dates.                                                         
                                          Table 4                                            
                Date             Amount           Date           Amount                      
                12/11/80       $11,108          03/23/83        $17,344                      
                12/31/80        609             06/10/83        56,248                       
                03/04/81        41,311          06/28/83        (69,274)                     
                04/20/81        5,681           12/15/83        61,755                       
                09/11/81        27,792          01/12/84        5,083                        
                11/09/81        4,726           02/14/84        123,621                      
                05/07/82        165,572         02/17/84        14,247                       
                06/17/82        12,730          03/09/84        103,005                      
                06/18/82        514,327         04/09/84        (990)                        
                07/08/82        3,737           05/09/84        33,926                       
                09/28/82        97,864          07/23/84        3,253                        
                12/10/82        11,338          07/27/84        46,023                       
                12/20/82        361,221         12/03/84        989                          

                On September 8, 1986, Nancy filed amended joint tax returns                  
          for 1979, 1980, and 1981, claiming refunds of previously paid                      
          taxes, as shown in table 5.  On these amended tax returns, Nancy                   




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