Steven K. Han - Page 25





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          Date            Amount            Shares Sold                               
          Jan. 28       $79,914.32       10,200 Fed. Natl. Mtg.                       
          Feb. 1        195,071.36        7,600 Marion Labs                           
          Feb. 9        60,979.35         2,400 Marion Labs                           
          Feb. 12       54,798.16         5,000 Lorimar Telepi                        
          Feb. 18      256,692.50        10,000 Intel                                 
          Feb. 22      105,246.38        25,000 Navistar Intl.                        
          Total      752,702.07                                                       
          On April 4, 1988, petitioner transferred a $4,500 dividend paid             
          on the Kodak stock in the FCIS account from that account back to            
          Albank No. 1.  On his 1988 return, petitioner reported the gains            
          and losses on all of the foregoing sales except with respect to             
          the Federal National Mortgage Association (Fed. Natl. Mtg.)                 
          stock.                                                                      
               As noted, the Kodak stock and Pan Am stock were not                    
          liquidated and transferred back to Albank No. 1; instead, each              
          was subsequently transferred from petitioner’s FCIS account to              
          other personal accounts of petitioner’s.                                    
               The Kodak stock was transferred from petitioner’s FCIS                 
          account on March 4, 1988 (3 days after Northwest began an audit             
          of petitioner’s corporations’ consolidator activities, see infra            
          p. 22), to account No. 03T 112101 at Prudential-Bache (P-B No.              
          1), another personal account.  The Pan Am stock remained in the             
          FCIS account until April 11, 1988, when it was transferred to P-B           
          No. 2, another personal account.  Petitioner’s FCIS account was             
          then closed.                                                                





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