Estate of Ann H. Brookshire, Deceased, Harvey B. King, Independent Executor - Page 15

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          stock, and transfer of the stock would be subject to the                    
          restrictive buy-sell and stock-purchase agreements.                         
               We conclude that the appropriate discount to use to reflect            
          the lack of marketability of decedent's 106,826 shares of                   
          Brookshire common stock equals 40 percent.  This discount is                
          supported by the lack of a ready market on which to sell the                
          stock, the restrictive buy-sell agreements, the lack of                     
          transactions involving large blocks of stock similar in size to             
          decedent's shares of Brookshire stock, and the fact that                    
          decedent's stock reflects a minority interest.                              
               Applying the 40-percent discount to the $11,493,409 pre-               
          discounted value of the stock, we conclude that the value of                
          decedent's 106,826 shares of Brookshire common stock on                     
          November 20, 1993, is $64.55 per share or a total fair market               
          value of $6,895,618.                                                        
               To reflect the foregoing,                                              

                                             An appropriate order will be             
                                        issued, and decision will be                  
                                        entered under Rule 155.                       












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