








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


                                 NET WORTH STATEMENT


                      For:                Robert Smith, Jr.
                      As of:                        2/10/91
                 ==================================================





























                 Prepared By :                        I.M. Smart
                                  NET WORTH

                                  _________


     ASSETS:

       Cash on Hand:                                 2,000.00
       Checking Balance:                               700.00
       Savings Accounts:                             1,500.00
       Short Term Deposits:                          8,000.00
       Cash Val of Life Ins:                        20,000.00
       Other Liquid Assets:                              0.00
           TOTAL LIQUID ASSETS:                                      32,200.00
       US Saving Bonds:                                  0.00
       Term Deposits:                                    0.00
       Stocks & Bonds:                              52,750.00
       Mutual Funds:                                     0.00
       Real Estate:                                 30,000.00
       Loans Receivable:                                 0.00
       Mortgages Receivable:                             0.00
       Business Interests:                               0.00
       Other Invest. Assets:                             0.00
           TOTAL INVESTMENT ASSETS:                                  82,750.00
       I.R.A.s:                                     16,555.00
       Keoghs:                                           0.00
       Employer Pensions:                           18,500.00
       Profit Sharing Plans:                         5,600.00
       Other Retirement $:                               0.00
           TOTAL RETIREMENT ASSETS:                                  40,655.00
       Principal Residence:                         95,000.00
       Vacation Property:                                0.00
       Furnishings:                                 20,000.00
       Art & Collectables:                               0.00
       Automobiles:                                  9,500.00
       Other Personal Prop.:                        12,000.00
           TOTAL PERSONAL ASSETS:                                   136,500.00

           TOTAL ASSETS:                                            292,105.00
       =======================================================================


     LIABILITIES:

       Credit Cards Due:                               550.00
       Other Charges Due:                              225.00
       Short Term Loans:                             1,865.00
       Taxes Payable:                                  850.00
       Other Short Term Obligations:                     0.00
           TOTAL SHORT TERM LIABILITIES:                              3,490.00
       Residential Mortgages:                       88,660.00
       Investment Loans:                            15,000.00
       Personal Asset Loans:                             0.00
       Other Long Term Obligations:                      0.00
           TOTAL LONG TERM LIABILITIES:                             103,660.00

           TOTAL LIABILITIES:                                       107,150.00
       =======================================================================


           NET WORTH:                                               184,955.00
       =======================================================================



