James C. Vallette and Arleen R. Vallette - Page 1

                                 T.C. Memo. 1996-285                                  

                               UNITED STATES TAX COURT                                

              JAMES C. VALLETTE AND ARLEEN R. VALLETTE, Petitioners v.                
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 3380-94.                   Filed June 20, 1996.             

               James Alvin Watson, for petitioners.                                   
               Emile L. Hebert III, for respondent.                                   

                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               LARO, Judge:  James C. Vallette and Arleen R. Vallette                 
          petitioned the Court to redetermine respondent’s determination of           
          deficiencies in their 1989 and 1990 Federal income taxes.                   
          Respondent determined an $18,990 deficiency for 1989 and a                  
          $14,840 deficiency for 1990.  Following concessions by the                  
          parties, we must decide whether petitioners operated a cattle               
          breeding activity with the requisite profit objective within the            
          meaning of section 183.  We hold they did not.  Unless otherwise            

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