Michael G. Harvey and Penny B. Harvey - Page 3




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               Mr. Harvey currently teaches international business and                
          conducts research at the University of Oklahoma.  He has received           
          a bachelor’s degree in business administration (marketing), a               
          master’s degree in business administration, a second master’s               
          degree in marketing research, and a doctorate in marketing and              
          international sociology.  However, he has no tax background, and            
          his accounting background is limited to two accounting classes.             
          His teaching and writing encompass neither accounting nor tax.              
          Petitioner wife (Ms. Harvey) has received a bachelor’s degree in            
          secondary education.                                                        
               Beginning in 1967, Mr. Harvey was involved in the formation            
          and operation of a business that reconditioned and then sold                
          trucks.  He ran the business for a period of 2-1/2 years, after             
          which time he became a minority shareholder until the business              
          was terminated in 1982.                                                     
               During 1982, the year in issue, Mr. Harvey was a professor             
          of international marketing at Southern Methodist University, he             
          was the sole proprietor of a consulting business which generated            
          $86,766 in gross receipts and a $71,091 profit, and he was the              
          sole proprietor of a trucking business (separate from the                   
          business discussed above) which generated $83,157 in gross                  
          receipts and a $19,610 loss.                                                
               Mr. Harvey’s introduction to jojoba occurred about 1970                
          through 1972 through discussions he had with two neighbors.                 






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