Elizabeth Giles - Page 15

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          did not earn significant amounts of money as a show horse.12                
          Petitioner sold Bogaz in 2001 for $20,000.                                  
               H.  Censuous                                                           
               Censuous was foaled in 2001 from the fourth breeding of                
          Borissa.                                                                    
          VI.  The Showing of Petitioner’s Horses                                     
               Petitioner showed Feyras Raehele in 1988 at least once, but            
          she did not show Feyras Raehele during any other year.  From 1988           
          through 2000, she showed Kart Blanche and Bogaz at a total of 65            
          competitions, each of which was held by the International Arabian           
          Horse Association.  The specific numbers of times that petitioner           
          has shown Kart Blanche and Bogaz through 2000 are as follows:               
          Year       Kart Blanche      Bogaz      Total                               
          1990            2              0          2                                 
          1991            0              0          0                                 
          1992            0              1          1                                 
          1993            6              0          6                                 
          1994            7              0          7                                 
          1995            5              5         10                                 
          1996            3             13         16                                 
          1997            2              1          3                                 
          1998            2              5          7                                 
          1999            3              3          6                                 
          2000            4              3          7                                 
          Total        34             31         65                                   



               12 The record does not indicate the amount of income, if               
          any, that petitioner has realized from showing Bogaz.  Nor does             
          the record indicate the specific amount of expenses that                    
          petitioner incurred during and as a result of her ownership of              
          Bogaz, or whether those expenses were greater than or less than             
          $20,000.                                                                    





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