T.C. Memo. 1997-360                                  
                               UNITED STATES TAX COURT                                
                    TRICON METALS & SERVICES, INC., Petitioner v.                     
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
               Docket No. 4963-95.                    Filed August 6, 1997.           
               Joseph G. Stewart, Abbot Brand Walton, Jr., and David A.               
          Elliott, for petitioner.                                                    
               Robert W. West, for respondent.                                        
                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               K�RNER, Judge:  Respondent determined the following                    
          deficiencies in petitioner's Federal income taxes:                          
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