Investment Research Associates - Page 64





                                       - 149 -                                        
               From 1979 through 1983, Zeus received a total of $1,111,470            
          from the following sources:                                                 









          (...continued)                                                              
          1979 Initial contribution                              $100,000             
          Plus 1980 nontaxable income                             6,828               
          Total adjustments and contributions                    106,828              
          Plus 1980 contributions                                                     
          value end 1980                          234,200                             
          less prior adjustments and contributions (106,828)                          
          1980 contributions                      127,372         127,372             
          Value end 1980                                         234,200              
          Value end 1980                                         234,200              
          plus 1980 taxable income                               2,382                
          total adjustments and contributions                    236,582              
          Less return of capital                                                      
          value end 1981                          172,896                             
          less prior adjustments and contributions (236,582)                          
          1981 return of capital                  (63,686)       (63,686)             
          Value end 1981                                         172,896              
          Value end 1981                                         172,896              
          Less 1982 taxable loss                                 (150,907)            
          Less 1982 nontaxable loss                              (27,061)             
          total adjustment and contributions                     (5,072)              
          Less return of capital                                                      
          value end 1982                          (5,073)                             
          less prior adjustments and contributions    5,072                           
          1982 return of capital                  (1)            (1)                  
          Value end 1982                                         (5,073)              
          Value end 1982                                         (5,073)              
          Less 1983 taxable loss                                 (15,049)             
          Less 1983 nontaxable loss                               (753)               
          Value end 1983                                         (20,875)             








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