Reaves Livestock, Inc., et al. - Page 12

                                       - 12 -                                         
          Date     Amount  Signed by   Endorsed by   Notation                         
          Jan. 31, 1986   $242     Mr. Reaves       S&J     1 Hfr.-440#               
          Feb. 4, 1986   179       Wright           S&J     1 Bull-715#               
          Feb. 5, 1986   1,300     (not signed)     S&J     11 calves                 
          Mar. 17, 1986  1,147     Mr. Reaves       S&J     2 Bulls-2,730#            
          Mar. 24, 1986  3,944     Wright           S&J     15 clfs-6635#             
                                             Mr. Reaves                               
          Sept. 22, 1986    950    Wright           S&J     2 Cattle-BH               
                                             Mr. Reaves                               
          Oct. 6, 1986   1,287     Wright           S&J     3 Cattle-3230#            
                                            Mr. Reaves                               
               Total     $9,049                                                       
                    d.   $4,750 Check Payable to Mrs. Reaves                          
               On December 16, 1985, Neil Lee (Lee), a farmer who sold                
          feed, offered to sell a load of corn to Mr. Reaves.  Mrs. Reaves            
          wrote a $4,750 check on the S&J account payable to herself with             
          the notation "feed".  Mrs. Reaves endorsed and cashed the check.            
          Mr. Reaves used the proceeds to pay Lee for the corn.                       
                    e.   $23,800 Check Payable to Crook Motor Co.                     
               In 1987, Mr. Reaves wrote a $23,800 check on the S&J account           
          payable to Crook Motor Co., Inc.  Mr. Reaves lent the money to              
          Robert Martin, a former employee of Reaves Livestock, and his               
          partner, Hubert Kissam, to buy a dump truck for Martin's and                
          Kissam's business, Lumberton Paving and Grading Co. (Lumberton              
          Paving).  Lumberton Paving mortgaged the dump truck.  Lumberton             
          Paving went bankrupt in 1989.  The dump truck was sold at an                
          auction.                                                                    









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