Investment Research Associates - Page 214




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              We hold that Ballard's omitted income from the Five for the              
         years before the Court is as follows:                                         
                              Year         Omitted Income                              
                             1978           $17,277                                   
                              1979           186,758                                   
                              1980           391,538                                   
                              1981           467,972                                   
                              1982           710,001                                   
                              1984           337,715                                   
                              1987           300,900                                   
                              1988           283,440                                   
                              1989           358,492                                   

              We hold that Lisle's omitted income from the Five for the                
         years before the Court is follows:                                            
                              Year        Omitted Income                               
                              1984           $337,715                                  
                              1987           300,900                                   
                              1988           283,440                                   
                              1989           358,492                                   
              We hold that Kanter's omitted income from the Five for each              
         of the years before the Court is as follows:                                  
              Year      Prudential         Other         Omitted Income                
              1978      $3,839            --                $3,839                     
              1979      41,502            --                41,502                     
              1980      87,009            --                87,009                     
              1981      103,994         $80,616             184,610                    
              1982      157,778         70,538              228,316                    
              1983      72,181          294,075             366,256                    
              1984      75,048          822,840             897,888                    
              1986      63,353          1,069,335      1,132,688                       
              1987      66,867          132,322        199,189                         
              1988      62,987          96,188              159,175                    
              1989      79,665          42,332              121,997                    











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