Investment Research Associates - Page 36






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             IRA Assets                1983         1984         1985         1986         1987             1988         1989                   
             Invest. in Stocks                                                                                                                  
             Newell                  $14,535         --            --            --           --            --           --                     
             Marmom Group            284,009         --            --            --           --            --           --                     
             Micro Z                  74,200         --            --            --           --            --           --                     
             Enterp. Tech.            10,664         --            --            --           --            --           --                     
             Composit Cont.          115,000     $115,000          --            --           --            --           --                     
             Modular Pwr.             12,200       12,200          --            --           --            --           --                     
             Greenwich Pharm.          9,219         --            --            --           --            --           --                     
             Funds for Energy         45,000       45,000          --            --           --            --           --                     
             Int'l Films              65,000       65,000       $65,000      $65,000          --            --           --                     
             Cedilla Invst.           15,000       15,000        15,000       15,000       $15,000          --           --                     
             Zeus                     50,000       50,000        50,000       50,000        50,000          --           --                     
             Walnut Capital           40,000       40,000        40,000       40,000        80,000      $80,000      $80,000                    
             Geocham                  87,700       87,700          --            --           --            --           --                     
             Carlco                    6,000    1,856,942     2,040,992    2,203,362     2,395,676    2,558,437    2,936,627                    
             BWK                       6,000      417,321       458,221      494,303       530,473      566,642      650,684                    
             TMT                       6,000    1,962,144     2,243,400    2,488,403     2,712,677    2,940,531    3,139,035                    
             Brajdas                    --         58,251          --            --           --           --           --                      
             Hyatt Air                  --          1,000         1,000          --           --           --           --                      
             Decision Holdings          –-           --            --            --           --        125,000      125,000                    
             Total                 840,527    4,725,558     4,913,613    5,356,068     5,783,826    6,270,610    6,931,346                      
             Partnerships                                                                                                                       
             Micro Z                  26,191       28,387        30,104       31,059        31,059       30,041       30,032                    
             Brickell Biscayne       135,245      160,559       169,885      180,205          --            --           --                     
             TicketMaster             39,631       39,624        39,617       39,615        39,615          --           --                     
             Polar                 1,181,470      879,177       576,587      274,069        (3,269)      (3,356)      (3,356)                   
             May Invest               (2,559)        (388)         (231)        (663)        1,138       (2,298)      (2,439)                   
             Sandburg Village        650,975      656,929       643,088      581,006          --            --           --                     
             UP Associates          (211,287)    (329,185)     (447,419)    (449,561)     (542,452)    (542,489)    (542,803)                   
             Essex                    45,283         --            --            --           --            --           --                     
             Sherwood                (51,742)        --            --            --           --            --           --                     
             Chicago Cablevision     (90,375)    (156,319)     (224,202)    (292,880)     (337,678)    (364,038)    (384,914)                   
             Cablevision Prog.       (82,547)    (148,886)      254,446          --           --            --           --                     
             HICIP                      --           --            --        831,243     1,157,078    1,272,231    1,382,327                    
             Total               1,640,285    1,129,898     1,041,875    1,194,093       345,491      390,091      478,847                      
             Rental property                                                                                                                    
             Cost                 11,262,299   11,262,299    11,262,299          --           --            --           --                     
             Accum. dep.          (7,628,162)  (9,371,728)  (10,590,882)         –-           –-            –-           --                     
             Total               3,634,137    1,890,571       671,417          –-           –-            –-           --                       
             Other total                17,346       12,577         9,045        5,592         2,365        2,365        2,365                  








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