Frank R. Courbois - Page 3

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                seaworthy.  Among other problems, when petitioner                                        
                purchased the Cloudia it was infested with beetles and                                   
                other parasites, and her frames were badly worn back from                                
                the planking of the vessel.  The sails on the boat were                                  
                theatrical sails that had been used in making the above-                                 
                mentioned motion picture and were not designed to withstand                              
                winds.  Further, the sailboat has a foreign hull which                                   
                prevents it from being chartered in the United States.                                   
                      After petitioner purchased the Cloudia, he began                                   
                to repair the boat, as his finances permitted, in an                                     
                attempt to make her seaworthy.  This work has included                                   
                the following:  Repair of the decks; repair of the masts;                                
                repair of the spreaders; restoration of the frames and                                   
                planking; purchase of new sails; installation of a new                                   
                running rig fore and aft; and restoration of the interior                                
                of the boat, including new reefers, sinks, stove, floors,                                
                heads, and bunks.  Additionally, in or around 1987,                                      
                petitioner rewired and replaced the plumbing on the boat.                                
                      During the years 1987 through 1990, petitioner                                     
                occasionally allowed friends or acquaintances to rent the                                
                Cloudia as a place to stay.  The persons who rented the                                  
                Cloudia included a boatwright who had worked on the boat                                 
                and several members of the Oklahoma City Boat Club.                                      
                Petitioner's activity of renting the Cloudia was sporadic.                               





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