Char-Lil Corporation - Page 7

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             sold the properties to Mr. Taylor.  Petitioner financed                  
             the sale.  Petitioner did not retain a real estate agent                 
             in connection with this sale.                                            
                  515 Lee Boulevard, Lawton and 1207 S. 6th, Lawton:                  
             The property at 515 Lee Boulevard was improved with a                    
             house, and the property at 1207 S. 6th was improved                      
             with a garage and an apartment.  Mr. McKelvey purchased                  
             the properties and tore down the house and the garage and                
             built a service station for lease to Champlin Oil.  On                   
             January 1, 1977, Mr. McKelvey contributed the properties                 
             to petitioner.  Recently, petitioner tore down the service               
             station and built a new building for lease to a tenant                   
             who operates a pawn shop.  Petitioner still owns these                   
             properties.                                                              
                  Commercial Property, Fletcher:  Petitioner acquired                 
             this property in February 1977.  It was improved with a                  
             store building.  On September 1, 1982, petitioner sold                   
             the property to a person who had worked for Mr. McKelvey.                
             Petitioner financed the sale of the property.  Petitioner                
             did not retain a real estate agent in connection with the                
             sale.                                                                    
                  626 D Avenue, Lawton:  Petitioner acquired this                     
             property at an auction on July 1, 1981.  Shortly there-                  
             after, petitioner listed the property with a real estate                 





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