Char-Lil Corporation - Page 4

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             in the corporation.  Thereafter, petitioner acquired eight               
             other pieces of real estate.  From 1977 through January 24,              
             1989, petitioner disposed of 12 of those properties.  From               
             January 24, 1989, through 1994, petitioner neither                       
             purchased nor sold any real property.  Set out below is a                
             schedule of petitioner's acquisitions and dispositions of                
             real property:                                                           
                                 Char-Lil Corporation                                 
                            Schedule of Acquisitions and Sales of Real Property       
                              Date  Cost or Date   Sale  Accum.Years                  
             Description of Real Property         Acquired      Other BasisSold   PriceDepr.  Held                   
             613 Lee, Lawton  11/01/77$30,100 7/29/83$40,000$13,6786.5                    
             509 Lee, Lawton  11/01/7725,925  1/02/8644,52921,9719.0                    
             602 - 616 Lee, Lawton11/01/77300,995 9/29/86500,000100,6789.5                    
                                              2                                       
             2116 Fort Sill Blvd., Lawton11/01/77331,756        --    225,02318.5                   
                                              2                                       
             2112 Fort Sill Blvd., Lawton11/01/77144,428        --    86,84918.5                   
             1108 Lincoln Blvd., Lawton                                               
                                              2                                       
             515 Lee Blvd., Lawton11/01/7728,000        --    28,00018.5                   
                                              2                                       
             1207 S. 6th, Lawton11/01/7710,000        --    10,00018.5                   
             Commercial Property, Fletcher2/01/7753,155  9/01/82150,00016,7925.5                    
             626 D Ave., Lawton7/01/81116,525 8/19/82175,0004,729 1.0                    
             608 D Ave., Lawton7/01/81115,000 9/01/82175,0004,500 1.0                    
             802 S.E. 3d, Lawton3/01/8212,500  7/01/8527,500  3-0-3.0                    
             802 S.E. 3d, Lawton3/01/82163,388 12/15/8785,00074,4845.5                    
             45th & E. Gore, Lawton4/01/83315,743 1/24/89230,000126,4605.5                    
             Sheridan & Hoover, Lawton12/01/83212,845 1/24/89155,00063,7985.0                    
             6302-04 Cache Rd., Lawton11/01/77282,488 10/25/88250,00082,16411.5                   
             38th &  Lee (lots), Lawton1/01/8623,250  5/01/8630,687  3-0-0.5                    

             1Date of incorporation.  Cost basis represents sec. 351 transfer from majority shareholder.
             2Property was owned by petitioner as of Dec. 31, 1994.                   
             3Undeveloped land.                                                       

                  The following is a brief description of Mr. McKelvey's              
             and petitioner's activity with respect to each of the above              
             properties.                                                              





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