-31-
The trust agreements for Schutt I and Schutt II were signed
on March 11, 1998, by WTC as trustee for Trusts 2064, 3044-1,
3044-2, 3044-5, 3044-6, 3044-8, and 11258-3 and were signed on
March 17, 1998, by decedent, Charles P. Schutt, Jr., and Henry I.
Brown III as trustees of the Revocable Trust. On or about March
30, 1998, a Form SS-4, Application for Employer Identification
Number, was signed and thereafter filed with the Internal Revenue
Service for each business trust. Similarly, on April 1, 1998, a
Certificate of Business Trust Registration for each Schutt I and
Schutt II was filed with the Office of the Secretary of State for
the State of Delaware.
Funding of the business trusts began in March of 1998 and
establishment of a WTC account for each business trust, with the
account for Schutt I holding the DuPont securities and the
account for Schutt II holding the Exxon securities, was completed
at least by mid-April. The custody agreements for the business
trusts were executed by decedent and a representative of WTC on
April 1, 1998. As a result of the funding, the following capital
contributions were made, and proportionate percentage interests
received, in Schutt I and Schutt II:
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