CGF Industries, Inc. and Subsidiaries - Page 53





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                                     APPENDIX C                                       

                                     Mar. 31, 1989                                    
        Net Venture     Gopher Fund     Lake Union     GAR Ninety                     
        CGF One, L.P.        $2,070,705       $1,130,652         -0-         $160,533 
        (61.59%)         (33.63%)                      (4.78%)                        
        CGF Two, L.P.         2,022,499        1,027,866         -0-            -0-   
        (66.30%)          (33.7%)                                                     
        Santa Fe Partners,    2,988,503          611,580         -0-          185,633 
        L.P.                   (78.91%)         (16.15%)                      (4.90%) 
        Cloud Grey, L.P.      2,521,763        1,269,414         -0-            -0-   
        (66.52%)         (33.48%)                                                     
        Alpha One, L.P.       2,773,864        1,021,352         -0-            -0-   
        (73.09%)         (26.91%)                                                     

                                     Mar. 31, 1990                                    

        CGF One, L.P.         2,017,861        1,226,376       200,000        160,401 
        (55.98%)         (34.02%)       (5.55%)        (4.45%)                        
        CGF Two, L.P.         2,000,075        1,070,434       200,000          -0-   
        (61.15%)         (32.73%)       (6.12%)                                       
        Santa Fe Partners,    2,771,255        1,000,664         -0-          185,478 
        L.P.                   (68.99%)         (24.91%)                      (4.62%) 
        Cloud Grey, L.P.      2,484,951        1,295,159       300,000          -0-   
        (60.90%)         (31.74%)       (7.35%)                                       
        Alpha One, L.P.       1,966,100          497,001       600,000        605,404 
        (49.54%)         (12.52%)      (15.12%)       (15.25%)                        

                                     Mar. 31, 1991                                    

        CGF One, L.P.         1,947,650        1,247,076       200,662        162,150 
        (54.75%)         (35.05%)       (5.64%)        (4.56%)                        
        CGF Two, L.P.         1,942,005        1,103,451       200,663          -0-   
        (59.83%)         (33.99%)       (6.18%)                                       
        Santa Fe Partners,    2,405,738        1,048,279         -0-          187,545 
        L.P.                   (60.33%)         (26.29%)                      (4.70%) 
        Cloud Grey, L.P.      2,405,300        1,313,817       300,993          -0-   
        (59.83%)         (32.68%)       (7.49%)                                       
        Alpha One, L.P.       1,144,804          131,784       601,986        612,529 
        (31.44%)          (3.62%)      (16.53%)       (16.82%)                        

                                     Mar. 31, 1992                                    

        CGF One, L.P.         1,888,475        1,294,523       185,433        158,983 
        (53.54%)         (36.70%)       (5.26%)        (4.51%)                        
        CGF Two, L.P.         1,894,917        1,138,216       185,435          -0-   
        (58.87%)         (35.36%)       (5.76%)                                       
        Santa Fe Partners,    1,727,296        1,690,132         -0-          183,803 
        L.P.                   (43.65%)         (42.71%)                      (4.65%) 
        Cloud Grey, L.P.      2,344,095        1,353,309       278,151          -0-   
        (58.96%)         (34.04%)       (7.00%)                                       
        Alpha One, L.P.         605,378            6,400       556,301        339,630 
        (18.65%)           (.20%)      (17.14%)       (10.46%)                        

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