Estate of Charles Porter Schutt, Deceased, Charles P. Schutt, Jr., and Henry I. Brown III, Co-Executors - Page 3

                                         -3-                                          
          decedent’s estate both resided in the Commonwealth of                       
          Pennsylvania at the time the petition in this case was filed.               
          General Background                                                          
               Decedent was born on February 11, 1911.  Decedent later                
          married Phyllis duPont (Mrs. Schutt), the daughter of Eugene E.             
          duPont (Mr. duPont).  Decedent and Mrs. Schutt had four children,           
          each of whom subsequently married:  Sarah Schutt Harrison,                  
          Caroline Schutt Brown, Katherine D. Schutt Streitweiser, and                
          Charles P. Schutt, Jr.  Decedent’s son Charles P. Schutt, Jr.,              
          and his son-in-law Henry I. Brown III are the co-executors of his           
          estate.  Each of decedent’s four children had children of his or            
          her own, such that decedent and Mrs. Schutt were survived by 14             
          grandchildren.                                                              
               Historically, a significant portion of the Schutt family               
          wealth has been invested in, and a concomitant significant and              
          steady portion of the family income has been generated by, an               
          interest in E. I. du Pont de Nemours and Company (DuPont) stock             
          and Phillips Petroleum Company stock initially obtained from                
          Mr. duPont.  Throughout the decades, Mr. duPont, decedent, and              
          Mrs. Schutt have, in the administration of these and other                  
          holdings, established a number of trusts for the benefit of                 
          themselves and/or their issue.2  In the mid-1980s, the Schutt               

               2 Various trusts directly pertinent to the instant                     
          litigation are described in detail infra in text.  Decedent                 
                                                             (continued...)           





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