Herbst Asset Mgmt. Trust, et al. - Page 35

                                       - 35 -                                         
               To reflect the foregoing,                                              

                                             An Order denying petitioners’            
                                        motion for reconsideration will be            
                                        issued.                                       































               15(...continued)                                                       
          1980); and Leavell v. Commissioner, T.C. Memo. 1996-117, we find            
          those cases to be materially distinguishable from the instant               
          cases and petitioners’ reliance on those cases to be misplaced.             

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