Della H. Knorr and Duane J. Knorr - Page 7

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                          Source             Amount of Income (Loss)                  
               Taxable interest                          $38                          
               Dividends                               3,751                          
               Net short-term capital gain             3,835                          
               Net long-term capital loss            (86,975)                         
               Universal Painters                    295,667                          
          Petitioner and intervenor received the dividends that they                  
          reported on the 1993 return from the following sources:                     
          “Founders Money Market”, “Oakmark Int’l Fund”, and “Oakmark                 
          Fund”.  Petitioner and intervenor reported taxable income of                
          $272,051 and total tax of $84,261 for 1993.  Petitioner and                 
          intervenor signed the 1993 return on October 14, 1996.  The IRS             
          received the 1993 return on October 17, 1996.  Martinez prepared            
          the 1993 return.                                                            
               On their joint income tax return for 1994 (1994 return),               
          petitioner and intervenor reported the following sources of                 
          income and loss:                                                            
                          Source             Amount of Income (Loss)                  
               Taxable interest                          $81                          
               Dividends                               7,492                          
               Net short-term capital gain             1,639                          
               Net long-term capital loss            (28,524)                         
               Rental income                          10,600                          
               Universal Painters                    563,786                          
          Petitioner and intervenor received the dividends that they                  
          reported on the 1994 return from the following sources:                     
          “Founders Funds”, “Founders Growth Funds”, “European Stock                  
          Funds”, “Int’l Stock Fund”, “Japan Fund”, “New Asia Fund”,                  
          “Summit Cash Reserve”, “Oakmark Int’l Fund”, “Oakmark Fund”,                





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