Lowell L. and Marilyn A. Robertson - Page 48




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             value of the equipment and its useful life.  Generally, we               
             found the testimony of both Messrs. Atkins and Biggs to be               
             vague and conclusory.  For example,  Mr. Atkins testified                
             as follows regarding his review of the Appraisal:                        

                  Q.   Mr. Atkins, you said that you reviewed the                     
                       offering materials in connection with the                      
                       Roscrea Trust, in 1982.  Did you look at any                   
                       appraisal information that was included with                   
                       that material?                                                 
                  A.   There was an appraisal from a company,                         
                       Computer Graphics, or computer--something                      
                       like that.                                                     
                  Q.   And what was your view of the appraisal that                   
                       you received from this company?                                
                  A.   I feel that the appraisal was fair, given                      
                       the current situation of the equipment.                        
                                 *   *   *   *   *   *   *                            
                  Q.   Did you think it was appropriate to obtain                     
                       another appraisal, apart from the appraisal                    
                       that had been supplied with the offering                       
                       materials?                                                     
                  A.   No.                                                            
                  Q.   Why?                                                           
                  A.   It looked--in my opinion, it looked                            
                       reasonable.                                                    
                  Q.   As far as the price of the equipment; what                     
                       was your opinion about that?                                   
                  A.   The--in terms of the price of it, here                         
                       again, in my opinion, it looked realistic,                     
                       but one of the things about the group that                     
                       were investing in this thing, is that I                        
                       could seek other opinions, and which I did.                    






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