Ann E. Bartak - Page 5

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          Engineering 1983-1 (SGE 1983-1), series “A” and “B” units.  Above           
          their signatures, the documents state:  “The UNDERSIGNED intends            
          that their signature hereon shall constitute not only a                     
          subscription but shall also constitute their signature to the               
          Partnership Agreement”.  Below petitioner’s signatures the                  
          documents state:  “Signature of Spouse or other Subscriber if               
          purchase is made jointly”.  This was petitioner and Mr. Bartak’s            
          initial investment in one of the Hoyt partnerships.3                        
               In 1983, petitioner and Mr. Bartak paid no “cash” to SGE               
          1983-1.  In 1984, petitioner and Mr. Bartak paid $17,000 in                 
          “cash” to SGE 1983-1.  By 1985, petitioner and Mr. Bartak had               
          paid at least $31,000 in “cash” to SGE 1983-1.                              
               In late 1984 or early 1985, after petitioner and Mr. Bartak            
          invested in SGE 1983-1, they went to the Hoyt organization                  
          property (Hoyt ranch).  Between 1983 and 1986, petitioner went to           
          the Hoyt ranch three to four times.  After their initial trip to            
          the Hoyt ranch, petitioner and Mr. Bartak invested in other Hoyt            
          partnerships including Timeshare Breeding Service #1, Ltd. (TBS             
          #1).  Petitioner and Mr. Bartak signed a subscription agreement             
          dated February 10, 1985, for TBS #1.  Below their signatures, the           
          line next to “JOINT TENANTS WITH RIGHT OF SURVIVORSHIP” was                 
          marked.                                                                     


               3  Petitioner and Mr. Bartak invested in additional Hoyt               
          partnerships during and subsequent to the years in issue.                   





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