Estate of Morton B. Harper, Deceased, Michael A. Harper, Executor - Page 17

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          partnership, the Trust, and decedent; M.L. Stern & Co. statements           
          for the partnership and the Trust; Putnam Investments statements            
          for the partnership and the Trust; Franklin Funds statements for            
          the partnership and the Trust; the Rockefeller Center Properties            
          stock certificate; and the Marsh note.                                      
               Mr. Blankstein set up a general ledger for HFLP to                     
          categorize and account for all transactions affecting partnership           
          assets and income beginning June 14, 1994.  Capital accounts were           
          established for each partner, as well as ledger accounts to show            
          distributions to partners, income received by the partnership on            
          the various portfolio assets, proceeds from the sale of                     
          securities, and costs and charges incurred.  In addition, an                
          account labeled “Receivable from Trust” was created primarily to            
          reflect amounts received by the Trust after June 14, 1994, that             
          should properly have been received by the partnership.  This                
          account was presumably necessitated in large part by the delay in           
          transferring title to the portfolio securities and in opening the           
          partnership bank account.  The balance in this account was then             
          treated as a distribution to the Trust; no funds were actually              
          transmitted between the two entities.  Mr. Blankstein also                  
          conceded that several items which should have been attributed to            
          the partnership were omitted.                                               
               A Form 709, United States Gift (and Generation-Skipping                
          Transfer) Tax Return, and a Form 706, United States Estate (and             

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