First Blood Associates, Richard M. Greenberg, Tax Matters Partner, et al. - Page 1

                                 T.C. Memo. 1998-228                                  


                               UNITED STATES TAX COURT                                

                   FIRST BLOOD ASSOCIATES, RICHARD M. GREENBERG,                      
                     TAX MATTERS PARTNER, ET AL.,1 Petitioner v.                      
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket Nos.  623-92, 13014-92,         Filed June 29, 1998.            
                         15641-92, 12062-94.                                          
               Sallie W. Gladney, for participants Joseph E. and Bernice L.           
          Goodwin.                                                                    
               Gerald A. Thorpe, for respondent.                                      

                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               POWELL, Special Trial Judge:  These consolidated cases are             
          before the Court on participants Joseph E. and Bernice L.                   
          Goodwin's (the Goodwins) motion to dismiss for lack of                      

               1                                                                      
                   Cases of the following petitioners are consolidated                
          herewith:  First Blood Associates, Richard M. Greenberg, Tax                
          Matters Partner, docket No. 13014-92; First Blood Associates,               
          Richard M. Greenberg, Tax Matters Partner, docket No. 15641-92;             
          and First Blood Associates, Eugene C. Lipsky, A Partner Other               
          Than the Tax Matters Partner, docket No. 12062-94.                          




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