Jean A. Stanko - Page 4

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          worked at Cattle King until Stanko closed it in 1984.  Stanko               
          also owned stock in Butch’s Cattle Co. and Jackson Feeders.                 
               Sugar Valley Export Co., Inc. (Sugar Valley), was a wholly             
          owned export subsidiary of Stanko Packing incorporated in 1979.             
          Before 1984, Sugar Valley elected to be taxed as a domestic                 
          international sales corporation (DISC).  Stanko Packing's basis             
          in its Sugar Valley stock was $61,006 on the date when Stanko               
          Packing is deemed to have received a distribution from Sugar                
          Valley of its previously untaxed accumulated income.                        
               2.   Stanko's Indictment for Violation of Federal Meat                 
                    Inspection Act                                                    
               In April 1984, Stanko was indicted on 15 counts of violating           
          the Federal Meat Inspection Act, ch. 404, 56 Stat. 351 (1942)               
          (current version at 21 U.S.C. sec. 661(c) (1994)).                          
               3.  Concepcion Giove Suit Against Stanko, et al.                       
               On May 30, 1984, Concepcion Giove (Giove) filed an action              
          against Stanko and Henry Stanko, Cattle King Packing Co., and               
          others in the U.S. District Court for the District of Colorado.             
          She alleged that the defendants had violated her rights under               
          title VII of the Civil Rights Act of 1964, as amended, Pub. L.              
          88-352, 78 Stat. 241, 253 (now at 42 U.S.C. sec. 2000e-2 (1988)).           
          Giove v. Cattle King, Inc., Civil No. 84-C-1096.                            
               4.   The Sale of Stanko Packing Assets to Packerland and the           
                    Packerland Note                                                   
               On June 14, 1984, Stanko Packing adopted a plan of complete            
          liquidation.  On July 16, 1984, Packerland Packing Co., Inc.                




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