David and Shirley Singer - Page 7

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          Apart from leasing and licensing seven recyclers instead of six,            
          the underlying transactions involving Plymouth do not differ in             
          any substantive respect from the Clearwater transactions                    
          considered in the Provizer case.                                            
               For convenience, we refer to the series of transactions                
          among PI, ECI Corp., F & G Corp., Plymouth, FMEC Corp., and PI as           
          the Plymouth transactions.  In addition to the Plymouth                     
          transactions, a number of other limited partnerships entered into           
          transactions similar to the Plymouth transactions, also involving           
          Sentinel EPE recyclers and Sentinel expanded polystyrene (EPS)              
          recyclers.  We refer to these collectively as the Plastics                  
          Recycling transactions.                                                     
          B.  Plymouth Equipment Associates                                           
               Plymouth is a New York limited partnership that closed on              
          December 21, 1981.  Richard Roberts (Roberts) is the general                
          partner of Plymouth.                                                        
               A private placement memorandum for Plymouth was distributed            
          to potential limited partners.  Reports by F & G Corp.'s                    
          evaluators, Dr. Stanley M. Ulanoff (Ulanoff), a marketing                   
          consultant, and Dr. Samuel Z. Burstein (Burstein), a mathematics            
          professor, were appended to the offering memorandum.  Ulanoff               
          owns a 1.27-percent interest in Plymouth and a 4.37-percent                 
          interest in Taylor Recycling Associates.  Burstein owns a 2.605-            
          percent interest in Empire Associates and a 5.82-percent interest           
          in Jefferson Recycling Associates.  Like Plymouth, Taylor                   




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