George and Bozenna Pohoski - Page 4

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          Reservations also provided biennial "deep cleans" of each                   
          condominium.  For these services, Rainbow Reservations charged a            
          commission of 40 percent of the gross rents.                                
               As part of its front desk service contract with the                    
          Homeowners' Association, Rainbow Reservations checked guests in and         
          out of the condominiums, issued parking permits, answered questions         
          regarding entertainment or other activities in the area, and                
          provided additional services as needed.  During 1993, the front             
          desk's normal business hours were between 8 a.m. and 5 p.m.,                
          although the front desk stayed open longer between July and early           
          October for a sprinkler refit at the resort.  The front desk staff          
          consisted of two to four persons at any one time.                           
               Rainbow Reservations provided its own advertising for all of           
          the units it managed in Hawaii, including Valley Isle Resort.  In           
          general, the advertisements were directed toward travel agents,             
          although some were directed toward the public.                              
               Petitioners did not enter into the typical management contract         
          with Rainbow Reservations.  Instead, petitioners and Rainbow                
          Reservations agreed that petitioners would rent the Maui condo              
          themselves and perform the majority of services otherwise provided          
          by Rainbow Reservations.  Petitioners and Rainbow Reservations              
          entered into an "Amendment to Rental Agreement Between Owner And            
          Rainbow Reservations, Inc." (the addendum agreement) which                  
          provided:                                                                   





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