Investment Research Associates - Page 143




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              The summons to Gallenberger as an officer of Principal                   
         Services dated January 10, 1991, requested, in part, documents in             
         Principal Services's possession pertaining to Carlco, Christie                
         Trust, and loans related to Lisle.                                            
              The summons to Principal Services dated October 1, 1990,                 
         requested, in part, documents pertaining to Principal Service                 
         Corporation, IRA and its subsidiaries, Holding Co. and its                    
         subsidiaries, BWK, Inc., and the Bea Ritch Trusts.  The summons               
         requested production of the cash receipts, cash disbursement                  
         journals, general ledgers and ledgers for all bank accounts                   
         including the Special E account.  The summons also requested                  
         production of documents pertaining to any corporation or                      
         partnerships in which Kanter, his family or family trusts were                
         shareholders.                                                                 
              The summons to Schott dated April 30, 1990, requested, in                
         part, documents pertaining to Cedilla Company, IRA and its                    
         subsidiaries, Kanter, Ballard, Lisle, Schaffel, Frey, Weaver, KWJ             
         Corp., Motor Hotel Management Inc., Essex Hotel Management Co.,               
         and Schnitzer-PMS.                                                            
              The documentation sought in the summonses served on                      
         petitioners, Principal Services, Linda Gallenberger on behalf of              
         Principal Services, and Mildred Schott was relevant to the issues             
         in these cases.  Petitioners, Gallenberger, Principal Services,               
         and Schott did not voluntarily turn over documents and                        






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