Ronald D. Ciaravella - Page 6

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          The following are the cost balances for aircraft owned by the               
          entire controlled group of corporations, including Dolphin,                 
          Nomad, and Sarasota:                                                        

                FYE 1991                 FYE 1992            FYE 1993                 
               $7,178,808               $7,014,710          $8,352,710                

               During the fiscal years beginning September 1, 1991, and               
          ending August 31, 1996, Dolphin sold the following aircraft at              
          prices that resulted in $5,304,000 of gross sales:                          
          Purchase    Sale   Manufacture                                              
          Date       Date     Date     Aircraft        Buyer               Price      
          03/31/92  06/22/92  1965    Lear 24    Florida Broadcast$210,000             
                                             Management, Inc.                         
          05/23/88  06/25/92  1965    Lear 24    Sarasota Jet    230,000              
                                        Center, Inc.                                  
          02/05/93  02/05/93    1979    PiperFlorida Broadcast   150,000              
                                   Aerostar    Management, Inc.                       
          05/16/88  10/01/93  1979    Nomad N24   Nomad Distributors      690,000     
                                        Intl. Inc.                                    
          05/25/88  06/29/94    1978    Lear 35    Samaritan Air        1,330,000     
                                        Ontario, Canada                               
          Unknown   08/26/94  1980    Nomad N22   International Jet300,000              
                                             Center - Miami, FL                       
          08/22/90  10/28/94  1980    Piper  Richard Taller      82,000               
                         Saratoga    Wheeling, FL                                     
                                                                                     
          01/02/95  04/12/95  1980    Cessna      Robert Kilby - VA37,000               
                                   C172                                               
          01/02/95  06/23/95  1980    Piper       U.S. Aviation Group,     75,000     
                                   Seneca      Inc. - Sarasota, FL                    
          02/23/94  01/23/96  1966    Lear 24    Younkin & Boreing,275,000              
                                        Inc. - Dover, DE                              
          08/27/93  08/14/96  1980    Lear 35    Valley Construction,  1,925,000      
                                        Inc. - Las Vegas, NV                          





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