Investment Research Associates - Page 44

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          9/1/83 Through 8/31/84                                                      
               In 1984, Schaffel began making payments to Holding Co.  On             
          August 31, 1984, Holding Co. sold or liquidated all of its stock            
          in Active, Citra, Columbus, HELO, PPPD, and PPPI.                           

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