Investment Research Associates - Page 50





                                                   - 136 -                                                     
                         8/31/83    8/31/84        8/31/85      8/31/86      8/31/87                          
          LBG Properties                                                                                       
          Income                --      257,663     219,000      382,823      300,000                          
          Deductions            --      (277,218)   (219,062)      (461,384)(300,067)                           
          Net                   --      (19,555)           (62)       (78,561)(67)                             
          NOL                   --      (273,136)      (292,691) (292,753) (371,314)                           
          Taxable        (273,136)      (292,691)   (292,753)    (371,314) (371,381)                           
          Nominee                                                                                              
          Income                --     --         52           --  --                                          
          Deductions            --        (618)        (290)          --        (80)                           
          Net                   --        (618)        (238)          --        (80)                           
          NOL                   --        (512)     (1,130)          --       (1,371)                          
          Taxable             (512)     (1,130)     (1,368)          --       (1,451)                          
          Oil Investments                                                                                      
          Income                --      (81,457)       8,088     (121,884)    11,981                           
          Deductions            --        (430)     (11,623)     (3,689)        (291)                          
          Net                   --      (81,887)    (3,535)    (125,573)      11,690                           
          NOL                   --   (1,652,325)  (1,734,212)    (1,737,747)(1,863,320)                         
          Taxable     (1,652,325)    (1,734,212)  (1,737,747)  (1,863,320) (1,851,630)                         
          PPPD, Inc.                                                                                           
          Income                --               --             --             --             --               
          Deductions            --    (375)          --             --             --                          
          Net                   --     (375)          --             --             --                         
          NOL                   --        (292)          --             --             --                      
          Taxable          (292)           (667)          --             --             --                     
          PPPI, Inc.                                                                                           
          Income                --               --             --             --             --               
          Deductions            --               (365)          --             --             --               
          Net                   --     (365)          --             --             --                         
          NOL                   --        (283)          --             --             --                      
          Taxable          (283)        (648)          --             --             --                        
          Tanglewood                                                                                           
          Income                --      836,977     313,280      290,446      196,544                          
          Deductions            --      (763,046)   (322,830)    (462,098) (184,525)                           
          Net                   --      73,931    (9,550)    (171,652)        12,019                           
          NOL                   --      (260,287) (186,356)      (195,906) (367,558)                           
          Taxable     (260,287)         (186,356)   (195,906)    (367,558) (355,539)                           










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Last modified: May 25, 2011