H S SS A

PER Q X X X X

PUPS (X) (X) (X) (X) *

*WHENVER AN ASSOC. IS INVOLVED IN A TRANSACTION GIVING RISE TO A PUP (EITHER AS BUYER OR

SELLER) PUT THE PUP IN A, OTHERWISE, ADJUST FOR THE PUP IN THE SELLING COMPANY

PUP ON TNCA XFERS (X)

EXCESS DEP X

DIV/PAYBLE (X) (X) (X)

FV ADJ X X

DEPRECIATION (X) (X)

ADJ R/E F/P X X X

PRE ACQ PROFITS (X) (X) (X)

------------------------------------------------------------------------------------------------------------------------------------------

POST ACQ X X X

OUR SHARE S 75% ? 40%

SS

--------------------

G/W IMPAIRED POST ACQ

JUST H ELEMENT (2250)

-----------------

CONS R/E X

=================