Sterling Trading Opportunities, L.L.C., Sentinel Advisors, L.L.C., Tax Matters Partner - Page 1














                              T.C. Memo. 2007-339                                     


                               UNITED STATES TAX COURT                                


             STERLING TRADING OPPORTUNITIES, L.L.C., SENTINEL ADVISORS,               
                     L.L.C., TAX MATTERS PARTNER, Petitioner v.                       
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      
            TOPAZ TRADING, L.L.C., SENTINEL ADVISORS, L.L.C., TAX MATTERS             
              PARTNER, Petitioner v. COMMISSIONER OF INTERNAL REVENUE,                
                                     Respondent                                       


               Docket Nos. 12361-05, 12629-05.    Filed November 14, 2007.            


               Felix B. Laughlin and Mark D. Allison, for petitioner.                 
               Bryan C. Skarlatos and Christopher M. Ferguson, for                    
          participating partner.                                                      
               Clare W. Darcy, for respondent.                                        


                                 MEMORANDUM OPINION                                   

               HALPERN, Judge:  Respondent has moved to compel production             
          of documents (the motion).  Participating partner AS/EI                     
          Investments, L.L.C. (the L.L.C.), and petitioner object.  L.L.C.            






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