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term temporary investments in other fixed income type instru-
ments."
Gill Industries, L.P., formed on June 19, 1989, by two
Lincoln shareholder-family trusts, a non-shareholder-family
trust, and two Lincoln Partnerships, was in the sheet metal
business. Falcon Fund was a general partnership formed on
January 31, 1991, to invest in securities. Its founding partners
were Mosby Lincoln, Inc., a Kansas corporation, two Lincoln
Partnerships, and a Lincoln shareholder–family trust.
Financial Performance of the CGF and Lincoln Partnerships
On CGF's Federal income tax returns for the taxable years
ending March 31, 1989 through 1992, CGF reported the income and
expenses of owning term interests in the CGF Partnerships as
follows:
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