Robert E. Corrigan - Page 11

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          1987 through 1991.  A third Smith Barney account was held in Mrs.           
          Corrigan’s name only during the same period.  Petitioner was the            
          account executive for each of these three accounts.                         
               Petitioner purchased and sold options and commodities                  
          through these accounts that resulted in both gains and losses.              
          Petitioner used the account in his name (account No. 06K-153400)            
          to buy and sell options and commodities during the years 1987               
          through 1989, and 1991.  Petitioner incurred the following net              
          gains and (losses) from trading in the account solely in his                
          name:                                                                       
                         Year      Net Income/(Loss)                                  
                         1987      $116,185                                           
                         1988           (4,704)                                       
                         1989           25,845                                        
                         1991           27,375                                        
                                                                                     
               Petitioner bought and sold commodities and options through             
          the joint account (account No. 06K-151106) with Mrs. Corrigan               
          during 1987 and 1988.  Petitioner’s share of gains and (losses)             
          from the joint account were as follows:                                     
                         Year      Net Income/(Loss)                                  
                         1987           $7,243                                        
                         1988           (22,163)                                      
               Petitioner was the account executive for the third account             
          (account No. 06K-127531), which was solely in Mrs. Corrigan’s               
          name.  The transactions in that account and the amount of gains             
          and losses are not those of petitioner.                                     






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