James G. Gilligan - Page 13

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          time and resources of the Court.  We are convinced that                     
          petitioner instituted and maintained these proceedings primarily            
          for delay.  Accordingly, we shall impose a penalty of $5,000                
          pursuant to section 6673.                                                   
               In reaching all of our holdings herein, we have considered             
          all arguments made by the parties, and to the extent not                    
          mentioned above, we find them to be irrelevant or without merit.            
               To reflect the foregoing,                                              
                                                  An appropriate order and            
                                             decision will be entered.                





























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