Investment Research Associates - Page 41

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          9/1/79 Through 8/31/80                                                      
               Holding Co. acquired 1,000 shares (100 percent) of the                 
          voting stock of The Nominee Corp. (Nominee) on January 7, 1980,             
          and 100 shares (100 percent) of the voting stock of Tanglewood              
          Properties, Inc., on April 30, 1980.  Harbor Investments changed            
          its name to Harbor Exchange Lending Operations (HELO) between               
          September 1, 1979, and August 31, 1980.                                     


















          9/1/80 Through 8/31/81                                                      
               Holding Co. acquired the voting stock of L.B.G. Properties,            
          Inc. (LBG Prop.), in November 1980, Zion in December 1980, and              
          Twilight Properties, Inc. (Twilight), in April 1981.                        

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