CGF Industries, Inc. and Subsidiaries - Page 12




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                  Limited              CGF            Trust                           
                Partnership        Contribution    Contribution     Total             
          CGF One, L.P.             $2,011,312      $1,265,282   $3,276,594           
          CGF Two, L.P.             1,817,938       1,143,632    2,961,570            
          Santa Fe Partners, L.P.   2,265,250       1,425,028    3,690,278            
          Cloud Grey, L.P.          2,265,250       1,425,028    3,690,278            
          Alpha One, L.P.           2,265,250       1,425,028    3,690,278            
          Total                     10,625,000      6,683,998    17,308,998           
          The amount contributed was computed using the interest rate then            
          contained in the Federal Estate and Gift Tax Regulations for                
          valuing term and remainder interests.  See sec. 20.2031-7, Estate           
          Tax Regs.; sec. 25.2512-5, Gift Tax Regs.                                   
               In part, the money contributed by CGF's shareholders for               
          their remainder interests in partnership interest B came directly           
          from CGF via cash dividend distributions and stock redemptions.             
          In June and July 1988, CGF made distributions totaling                      
          $9,375,000.  The table below summarizes CGF's distributions in              
          calendar year 1988 to those shareholders investing in the CGF               
          Partnerships, followed by their respective contribution amounts:            




















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